Oppenheimer Holdings, Inc.

OPY Financial Capital Markets

Oppenheimer Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 14.4% from fiscal 2024. In the quarter to June 2026, revenue grew 21.9%, EPS grew 23.8% and free cash flow fell 246.5%, each against the same quarter a year earlier. Revenue growth for three consecutive years.

100.53 1.61 −1.58%
Market cap
$1.1B
P/E
10.3×
Fwd P/E
−1.8×
Dividend yield
0.76%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions trades per month

Total sells 0.42
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — 1 — — — — — — —
Insider Ownership 43.13%

Capital & Financial Ratios $m

Market Cap 1,080.00
Revenue 1,797.04
Net Income 102.41
Free Cash Flow (10.13)
Net Debt (196.72)
Current Ratio 1.20
Debt/Equity 0.00
P/E ratio 10.30
Fwd P/E (1.83) (negative: loss-making)
P/S ratio 0.60
P/B ratio 1.08
Past 5Y EPS Growth 6.99%
This Y EPS Growth —
Next Y EPS Growth —
Next Y revenue growth (96.46%) (below 0%: weak)
Next 5Y EPS Growth 15.00% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 67.18%
10-year low 10-year high
P/S against its own 10 years 95.80%
10-year low 10-year high
P/B against its own 10 years 95.91%
10-year low 10-year high

Dividends

Payout Ratio 0.09
Annual Dividend Rate 0.76
Annual Dividend Yield 0.76%
total individual payouts
2026 0.58
0.18
0.20
0.20
2025 0.72
0.18
0.18
0.18
0.18
1.00
2024 0.66
0.15
0.15
0.18
0.18
2023 0.60
0.15
0.15
0.15
0.15
2022 0.60
0.15
0.15
0.15
0.15
2021 0.54
0.12
0.12
0.15
0.15
1.00
2020 0.48
0.12
0.12
0.12
0.12
1.00
2019 0.46
0.11
0.11
0.12
0.12
2018 0.44
0.11
0.11
0.11
0.11
2017 0.44
0.11
0.11
0.11
0.11
2016 0.44
0.11
0.11
0.11
0.11
special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 113 132 146 197
Receivables 1,345 1,510 1,675 1,868
Inventory 795 1,108 1,251 1,533
Other — — — —
2,316 2,819 3,130 3,651
2023 2024 2025 Q'26
Payables 814 677 865 1,116
ST’ Debt — — — —
Other 672 1,031 1,173 1,234
1,751 2,317 2,523 3,054

Compound Annual Growth %

10y 5y 3y
Sales 6.20% 6.45% 13.82%
Cash Flow 0.00% 0.00% 43.04%
Earnings 54.13% 3.83% 66.16%
Book Value 6.62% 7.78% 7.84%

Revenue $m

Mar Jun Sep Dec Year
’26 445 455 — — —
’25 368 373 424 473 1,638
’24 353 331 373 375 1,432
’23 322 306 313 308 1,249
’22 266 237 294 314 1,111
’21 373 340 315 365 1,394
’20 235 265 276 423 1,199
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (190) (55) — — —
’25 (92) 40 63 177 189
’24 (79) (115) 11 75 (108)
’23 (86) (65) 67 65 (19)
’22 (152) (79) 148 148 64
’21 7 13 115 93 228
’20 (241) 225 (132) 94 (54)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (190) (57) — — —
’25 (93) 39 62 176 184
’24 (79) (117) 11 71 (113)
’23 (90) (71) 64 61 (36)
’22 (155) (79) 139 143 48
’21 6 7 114 92 220
’20 (242) 223 (133) 94 (59)
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 (1.93) 2.38 — — —
’25 2.72 1.91 1.90 6.51 13.04
’24 2.37 0.92 2.16 0.92 6.37
’23 1.22 (0.85) 1.21 0.98 2.59
’22 0.69 (0.32) 0.37 1.87 2.57
’21 2.91 2.28 1.92 4.61 11.70
’20 0.58 1.34 1.19 6.17 9.30
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 13.58 15.10 23.51 24.16 14.21 29.99 28.41 32.82 36.93 49.26

Analyst estimates 2026–2028

Powerpack
High 19.65 29.00 34.15 31.82 33.55 55.75 50.14 49.32 70.25 79.99
People
People Employees 3,098 2,992 2,976 2,971 2,908 2,913 2,912 2,942 3,018 2,947
Revenue/emp, $m 0.28 0.31 0.32 0.35 0.41 0.48 0.38 0.42 0.47 0.56
Income, $m
Income, $m Revenue 858 920 958 1,033 1,199 1,394 1,111 1,249 1,432 1,638
Gross margin, % 97.07 97.44 97.60 97.87 98.08 98.40 97.70 98.00 98.07 98.30
EBT (22) 20 45 75 169 225 46 47 106 211
EBT margin, % (2.55) 2.12 4.68 7.25 14.10 16.11 4.10 3.75 7.38 12.89
Net income 0 23 29 53 123 159 32 30 71 148
Depreciation 22 18 20 46 45 48 48 53 56 55
Per share, $
Per share, $ Revenue 64.16 69.48 72.32 80.08 94.81 110.27 95.23 116.32 138.41 155.96
Earnings (0.09) 1.72 2.18 4.10 9.73 12.57 2.77 2.81 6.91 14.13
Cash flow (5.00) (1.22) 12.72 6.13 (4.28) 18.02 5.53 (1.75) (10.45) 17.97
Capex (0.43) (0.42) (0.68) (0.78) (0.36) (0.65) (1.40) (1.59) (0.50) (0.49)
Free cash flow (5.43) (1.64) 12.04 5.36 (4.63) 17.36 4.13 (3.34) (10.95) 17.48
Book value 38.40 39.55 41.16 45.93 54.23 65.28 68.14 73.51 82.16 94.93
Shares, m 13 13 13 13 13 13 12 11 10 11
Valuation, ×
Valuation, × P/E 0.00 15.29 11.72 6.69 3.20 3.68 15.24 14.44 9.28 5.12
P/S 0.29 0.38 0.35 0.34 0.33 0.42 0.46 0.36 0.46 0.46
P/B 0.49 0.67 0.62 0.60 0.58 0.71 0.64 0.56 0.78 0.76
EV/Sales 0.32 0.50 0.40 0.36 0.34 0.22 0.37 0.35 0.45 0.44
EV/FCF (3.74) (21.16) 2.38 5.47 (6.82) 1.37 8.54 (12.21) (5.66) 3.96
Cash, $m
Cash, $m Operating cash flow (67) (16) 169 79 (54) 228 64 (19) (108) 189
Capex (6) (6) (9) (10) (5) (8) (16) (17) (5) (5)
Free cash flow (73) (22) 159 69 (59) 220 48 (36) (113) 184
Balance, $m
Balance, $m Working capital 366 389 446 436 424 759 615 565 501 606
Total debt 149 199 199 150 124 124 113 113 — —
Net debt 22 108 40 22 5 (285) (102) (1) (132) (146)
Shareholders’ equity 513 524 545 593 686 825 795 789 850 997
Returns, %
Returns, % ROA (0.05) 0.98 1.24 2.25 4.75 5.52 1.12 1.08 2.29 4.18
ROIC 13.63 15.98 20.52 21.36 23.54 39.86 17.97 22.52 26.52 31.16
ROE (0.22) 4.40 5.40 9.31 19.24 21.04 3.99 3.81 8.73 16.07
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Oppenheimer Holdings, Inc. vs peers in Capital Markets (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SBET Sharplink Inc $1.8B — (loss-making) — (loss-making) +1,553.95% (above 0%: growing) n/m −339.59% (below 0%: shrinking) 97.76% (3,413.02%) Compare
TOP TOP Financial Group Limited $1.6B 155× — — n/m +141.67% (above 0%: growing) 83.91% (35.94%) Compare
PWP Perella Weinberg Partners $1.3B 41.5× — (loss-making) +0.81% (above 0%: growing) +75.00% (above 0%: growing) −14.77% (below 0%: shrinking) 25.96% 3.23% Compare
GOLD Gold.com Inc. $1.2B 13.0× 13.6× +99.24% (above 0%: growing) 0.00% +1,587.91% (above 0%: growing) 2.20% 0.53% Compare
OPY Oppenheimer Holdings, Inc. $1.1B 10.3× — (loss-making) +21.89% (above 0%: growing) +23.79% (above 0%: growing) −246.51% (below 0%: shrinking) 98.25% 21.20%
CD Chaince Digital Holdings Inc. $767.8M — (loss-making) — −40.84% (below 0%: shrinking) n/m +175.88% (above 0%: growing) 48.06% (325.71%) Compare
BTGO BitGo Holdings, Inc. $762.9M — (loss-making) — (loss-making) +143.96% (above 0%: growing) n/m −401.80% (below 0%: shrinking) 0.85% (0.40%) Compare
TIGR UP Fintech Holding Limited $747.1M 6.4× 10.7× +31.39% (above 0%: growing) −4.35% (below 0%: shrinking) +74,003.85% (above 0%: growing) 96.29% 42.98% Compare
HIVE HIVE Digital Technologies Ltd. $608.9M — (loss-making) — (loss-making) +73.47% (above 0%: growing) n/m −12.46% (below 0%: shrinking) 31.90% (58.65%) Compare
Median of peers $958.9M 27.2× — +73.47% 0.00% +64.61% 39.98% (18.17%)

All 93 Capital Markets stocks →

Oppenheimer Holdings, Inc. (OPY) key facts

  • Strength: Oppenheimer Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 14.4% from fiscal 2024.
  • Strength: Net income was $148.0 million, or $14.13 per share (basic), a net margin of 9.06%.
  • Oppenheimer Holdings, Inc. (OPY) is a Capital Markets company in the Financial sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, OPY traded at $100.53, a market capitalization of $1.1 billion.
  • At that price the stock trades at 10.3× trailing-twelve-month earnings and 0.6× sales; its P/E is higher than 67% of its own readings over the past ten years.
  • Oppenheimer Holdings, Inc. pays an annual dividend of $0.76 per share, a yield of 0.76%, with a payout ratio of 8.58%.
  • Return on equity was 16.1% and debt-to-equity 0.00.
  • Its Piotroski F-score is 8 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Oppenheimer Holdings, Inc. (OPY) Latest News

stockrow.com/OPY · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com