What is Piper Sandler's net margin?

Piper Sandler (PIPR) reported net margin of 14% in Q1 2026.

How has Piper Sandler's net margin changed year-over-year?

Piper Sandler's net margin increased by 5.7% year-over-year, from 13.2% to 14%.

What is the long-term trend for Piper Sandler's net margin?

Over 5 years (2020 to 2025), Piper Sandler's net margin has grown at a 35.3% compound annual growth rate (CAGR), from 3.3% to 14.8%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Piper Sandler PIPR Net margin

Net margin at other companies

Jefferies Financial GroupJEF

9.1%-1.0pp

Stifel FinancialSF

15.3%+3.1pp

Goldman Sachs GroupGS

29.9%+2.5pp

Morgan StanleyMS

24.6%+2.4pp

EvercoreEVR

16.4%+2.2pp

T Rowe Price GroupTROW

28.3%-0.1pp

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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FCF margin18%—

Returns & leverage

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Return on equity22%+4.5pp

Debt / equity0.1×0.0×

Where this comes from

Calculated from Piper Sandler’s reported figures.

net income/total revenue=14%

Based on trailing twelve months.

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 net margin?: Piper Sandler (PIPR) reported net margin of 14% in Q1 2026.
How has Piper Sandler's net margin changed year-over-year?: Piper Sandler's net margin increased by 5.7% year-over-year, from 13.2% to 14%.
What is the long-term trend for Piper Sandler's net margin?: Over 5 years (2020 to 2025), Piper Sandler's net margin has grown at a 35.3% compound annual growth rate (CAGR), from 3.3% to 14.8%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.