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Piper Sandler PIPR Debt-to-equity

Debt-to-equity at other companies

Jefferies Financial Group logo
Jefferies Financial GroupJEF
1.8×+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×
T Rowe Price Group logo
T Rowe Price GroupTROW
0.0×

Other financials

Income statement

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Revenue$474.4M+32.8%
Net income$65.2M+0.5%
EPS (diluted)$0.92+1.1%

Balance sheet

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Cash & equivalents$344.4M+173%
Total debt$112.2M-3.0%
Total equity$1.3B+10.6%
Total assets$2.1B+17.0%

Cash flow

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Operating cash flow-$291.7M-40.8%
CapEx$2.2M-80.7%
Free cash flow-$293.9M-34.6%

Valuation

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Market cap$5.53B+24.3%
Enterprise value$5.3B+19.3%
P/E19.6×-2.2×
P/S2.7×-0.1×

Profitability

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Net margin14%+0.8pp
FCF margin18%

Returns & leverage

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Return on equity22%+4.5pp

Where this comes from

Calculated from Piper Sandler’s reported figures.

Based on the most recent quarter.

The official record: Piper Sandler’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Piper Sandler's debt-to-equity?
Piper Sandler (PIPR) reported debt-to-equity of 0.1× in Q1 2026.
How has Piper Sandler's debt-to-equity changed year-over-year?
Piper Sandler's debt-to-equity decreased by 12.3% 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.