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Piper Sandler PIPR Debt-to-equity

Debt-to-equity at other companies

Jefferies Financial Group logo
Jefferies Financial GroupJEF
1.9×+0.2×
Stifel Financial logo
Stifel FinancialSF
0.2×0.0×
Goldman Sachs Group logo
Goldman Sachs GroupGS
-2.7×
Morgan Stanley logo
Morgan StanleyMS
3.3×+0.3×
Evercore logo
EvercoreEVR
0.6×+0.1×
Lazard logo
LazardLAZ
2.4×-0.6×

Other financials

Income statement

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Revenue$495.5M+24.9%
Net income$67.8M+60.8%
EPS (diluted)$0.95+61.0%

Balance sheet

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Cash & equivalents$304.2M+147%
Total debt$175.0M+50.6%
Total equity$1.4B+11.6%
Total assets$2.3B+18.8%

Cash flow

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Operating cash flow-$291.7M-40.8%
CapEx$7.8M-45.2%
Free cash flow-$293.9M-34.6%

Valuation

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Market cap$5.14B-4.6%
Enterprise value$5.01B-6.9%
P/E16.7×-8.8×
P/S2.4×-0.9×

Profitability

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Net margin14.5%+1.3pp
FCF margin18%

Returns & leverage

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Return on equity23.6%+5.7pp

Where this comes from

Calculated from Piper Sandler’s reported figures.

Based on the most recent quarter.

The source filing: Piper Sandler’s 10-Q, filed August 5, 2026. Open the filing →

Filed
Aug 5, 2026, 2:19 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001230245-26-000032

FAQ

What is Piper Sandler's debt-to-equity?
Piper Sandler (PIPR) reported debt-to-equity of 0.1× in Q2 2026.
How has Piper Sandler's debt-to-equity changed year-over-year?
Piper Sandler's debt-to-equity increased by 34.9% year-over-year, from 0.1× to 0.1×.
What is the long-term trend for Piper Sandler's debt-to-equity?
Over 5 years (2020 to 2025), Piper Sandler's debt-to-equity has grown at a -24.9% compound annual growth rate (CAGR), from 0.4× to 0.1×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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