PIPR
Piper Sandler Companies
NYSE: PIPR · FINANCIAL SERVICES · CAPITAL MARKETS
$86.38
-1.73% today
Updated 2026-04-29
Market cap
$6.16B
P/E ratio
21.81
P/S ratio
3.24x
EPS (TTM)
$3.96
Dividend yield
0.77%
52W range
$59 – $93
Volume
0.4M
Piper Sandler Companies (PIPR) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $537.35M | $528.07M | $313.52M | $486.88M | $503.38M | $443.88M | $499.99M | $541.96M | $665.59M | $688.52M | $762.22M | $835.72M | $724.37M | $810.29M | $1.20B | $1.98B | $1.38B | $1.31B | $1.48B | $1.90B |
| Revenue growth (YoY) | — | -1.7% | -40.6% | +55.3% | +3.4% | -11.8% | +12.6% | +8.4% | +22.8% | +3.4% | +10.7% | +9.6% | -13.3% | +11.9% | +47.6% | +65.8% | -30.2% | -5.3% | +13.1% | +28.6% |
| Cost of revenue | $32.30M | $23.69M | $18.66M | $18.09M | $34.79M | $20.72M | $19.09M | $25.04M | $25.07M | $23.40M | $22.52M | $20.27M | $16.55M | $11.73M | $14.45M | $10.73M | $9.48M | $10.15M | $5.68M | $121.76M |
| Gross profit | $505.05M | $504.38M | $294.87M | $468.79M | $468.59M | $423.16M | $480.90M | $516.92M | $640.52M | $665.12M | $739.70M | $815.46M | $707.82M | $798.56M | $1.18B | $1.97B | $1.37B | $1.30B | $1.48B | $1.78B |
| Gross margin | 94.0% | 95.5% | 94.0% | 96.3% | 93.1% | 95.3% | 96.2% | 95.4% | 96.2% | 96.6% | 97.0% | 97.6% | 97.7% | 98.6% | 98.8% | 99.5% | 99.3% | 99.2% | 99.6% | 93.6% |
| R&D | — | — | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $357.90M | $329.81M | $287.32M | $315.91M | $280.05M | $265.01M | $296.88M | $322.46M | $394.51M | $421.73M | $510.61M | $589.64M | $488.49M | $516.09M | $877.46M | $1.31B | $983.52M | $897.03M | $1.00B | $1.23B |
| Operating income | $33.35M | $30.43M | $-223.61M | $56.55M | $53.82M | $-80.19M | $69.01M | $75.61M | $110.31M | $86.42M | $-30.87M | $79.32M | $72.49M | $118.98M | $68.55M | $441.51M | $134.37M | $122.59M | $218.41M | $385.53M |
| Operating margin | 6.2% | 5.8% | -71.3% | 11.6% | 10.7% | -18.1% | 13.8% | 14.0% | 16.6% | 12.6% | -4.1% | 9.5% | 10.0% | 14.7% | 5.7% | 22.3% | 9.7% | 9.4% | 14.7% | 20.2% |
| EBITDA | $47.59M | $41.79M | $-212.03M | $66.22M | $68.57M | $-64.58M | $83.69M | $89.32M | $124.85M | $99.14M | $-3.25M | $101.97M | $91.31M | $138.10M | $123.97M | $484.22M | $165.38M | $159.96M | $245.48M | $412.92M |
| EBITDA margin | 8.9% | 7.9% | -67.6% | 13.6% | 13.6% | -14.5% | 16.7% | 16.5% | 18.8% | 14.4% | -0.4% | 12.2% | 12.6% | 17.0% | 10.4% | 24.4% | 12.0% | 12.2% | 16.6% | 21.7% |
| EBIT | $33.35M | $30.43M | $-223.61M | $56.55M | $53.82M | $-80.19M | $69.01M | $75.61M | $110.31M | $86.42M | $-30.87M | $79.32M | $72.49M | $118.98M | $68.55M | $441.51M | $134.37M | $122.59M | $218.41M | $385.53M |
| Interest expense | $32.30M | $23.69M | $18.66M | $18.09M | $34.79M | $20.72M | $19.09M | $25.04M | $25.07M | $23.40M | $22.52M | $20.27M | $16.55M | $11.73M | $14.45M | $10.73M | $9.48M | $10.15M | $5.68M | $4.84M |
| Income tax | $10.21M | $5.79M | $-40.13M | $26.18M | $32.16M | $9.12M | $19.47M | $20.39M | $35.99M | $27.94M | $-17.13M | $53.81M | $18.05M | $24.58M | $19.19M | $111.14M | $33.19M | $23.61M | $60.97M | $80.58M |
| Effective tax rate | 5.0% | 20.9% | 18.0% | 46.3% | 56.9% | -9.8% | 32.1% | 31.1% | 36.3% | 34.9% | 43.8% | -661.8% | 24.0% | 18.0% | 32.1% | 28.5% | 23.1% | 21.6% | 25.2% | 22.3% |
| Net income | $195.43M | $21.94M | $-182.97M | $30.37M | $24.36M | $-102.02M | $41.27M | $45.09M | $63.17M | $52.08M | $-21.95M | $-61.94M | $57.04M | $111.71M | $40.50M | $278.51M | $110.67M | $85.49M | $181.11M | $281.33M |
| Net income growth (YoY) | — | -88.8% | -933.9% | +116.6% | -19.8% | -518.8% | +140.5% | +9.3% | +40.1% | -17.6% | -142.2% | -182.2% | +192.1% | +95.9% | -63.7% | +587.6% | -60.3% | -22.8% | +111.9% | +55.3% |
| Profit margin | 36.4% | 4.2% | -58.4% | 6.2% | 4.8% | -23.0% | 8.3% | 8.3% | 9.5% | 7.6% | -2.9% | -7.4% | 7.9% | 13.8% | 3.4% | 14.0% | 8.0% | 6.5% | 12.2% | 14.8% |