Piper Sandler Companies

PIPR Financial Capital Markets

Piper Sandler Companies' revenue for fiscal 2025 (year ended December 2025) was $1.9 billion, up 24.5% from fiscal 2024.

Revenue
−7.56%
EPS
−33.8%
Free cash flow
+58.8%

Quarter to September 2026, against a year earlier

67.21 0.07 +0.10%
Market cap
$4.7B
P/E
15.8×
Fwd P/E
14.2×
Dividend yield
0.86%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Piper Sandler Companies (PIPR) Free cash flow margin

Alert me on Free cash flow margin

Piper Sandler Companies's free cash flow margin over the twelve months to 30 September 2026 was 0.00%, down 29.1 percentage points from fiscal 2025 (29.1%). Over the past ten years it has ranged from −17.9% (fiscal 2022) to 66.7% (fiscal 2018); the current reading is higher than 64% of that period. That is in line with the Capital Markets industry median of 0.00% and below the Financial sector median of 11.4%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 29.1% 9.55
FY2024 19.5% (0.19)
FY2023 19.7% 37.62
FY2022 −17.9% (51.72)
FY2021 33.8% (27.76)
FY2020 61.6% 54.22
FY2019 7.34% (59.33)
FY2018 66.7% 42.99
FY2017 23.7% 25.59
FY2016 −1.91% (57.43)

Against its own ten years

Low −17.9% High 66.7%
Ten-year median 23.7%
Current reading's percentile 64

Free cash flow margin against peers

Company Free cash flow margin
MC Moelis & Company compare 27.5%
MKTX MarketAxess Holdings Inc. compare 16.4%
BGC BGC Group, Inc. compare 13.4%
PIPR Piper Sandler Companies 0.00%
MRX Marex Group PLC compare 0.00%
GLXY Galaxy Digital Inc. compare −3.29%
FIGR Figure Technology Solutions, Inc. compare −14.8%
RIOT Riot Platforms, Inc. compare −87.7%
WULF TeraWulf Inc. compare −1,453.3%
Capital Markets industry median 0.00%
Financial sector median 11.4%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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