stockrowPiper 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
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Piper Sandler Companies (PIPR) Gross margin
Piper Sandler Companies's gross margin over the twelve months to 30 September 2026 was 99.0%, down 0.0 percentage points from fiscal 2025 (99.0%). Over the past ten years it has ranged from 98.5% (fiscal 2020) to 99.2% (fiscal 2021); the current reading is higher than 73% of that period. That is above the Capital Markets industry median of 68.2% and above the Financial sector median of 70.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 99.0% | 0.27 |
| FY2024 | 98.7% | 0.18 |
| FY2023 | 98.5% | (0.06) |
| FY2022 | 98.6% | (0.61) |
| FY2021 | 99.2% | 0.72 |
| FY2020 | 98.5% | (0.31) |
| FY2019 | 98.8% | (0.14) |
| FY2018 | 98.9% | (0.09) |
| FY2017 | 99.0% | 0.03 |
| FY2016 | 99.0% | 0.14 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 98.6% | (0.30) |
| Jun 2026 | 98.9% | (0.03) |
| Mar 2026 | 98.9% | (0.32) |
| Dec 2025 | 99.3% | 0.26 |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| MC Moelis & Company compare | 100.0% |
| MKTX MarketAxess Holdings Inc. compare | 100.0% |
| MRX Marex Group PLC compare | 100.0% |
| PIPR Piper Sandler Companies | 99.0% |
| BGC BGC Group, Inc. compare | 97.6% |
| FIGR Figure Technology Solutions, Inc. compare | 87.5% |
| WULF TeraWulf Inc. compare | 69.3% |
| GLXY Galaxy Digital Inc. compare | 0.40% |
| RIOT Riot Platforms, Inc. compare | 0.00% |
| Capital Markets industry median | 68.2% |
| Financial sector median | 70.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on PIPR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement