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
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Piper Sandler Companies (PIPR) Operating cash flow
Piper Sandler Companies's operating cash flow for fiscal 2025 was $586.6M, up 87.3% from $313.3M in fiscal 2024. Over the twelve months to 30 June 2026 it was $506.2M. Over the past ten years it has ranged from −$224.9M (fiscal 2022) to $779.8M (fiscal 2020); the current reading is higher than 82% of that period. Operating cash flow has risen for 3 consecutive fiscal years. Piper Sandler Companies ranks 19th of 92 Capital Markets companies by operating cash flow.
Operating cash flow, annual
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Annual newest first
| Period | Operating cash flow | Change |
|---|---|---|
| FY2025 | $586.6M | 87.27% |
| FY2024 | $313.3M | 13.65% |
| FY2023 | $275.6M | — |
| FY2022 | −$224.9M | — |
| FY2021 | $707.1M | (9.32%) |
| FY2020 | $779.8M | 1,050.13% |
| FY2019 | $67.8M | (86.70%) |
| FY2018 | $509.8M | 151.13% |
| FY2017 | $203.0M | — |
| FY2016 | −$3.2M | — |
Quarterly newest first
| Period | Operating cash flow | Change |
|---|---|---|
| Jun 2026 | $36.3M | — |
| Mar 2026 | −$291.7M | — |
| Dec 2025 | $729.8M | 2,187.20% |
| Sep 2025 | $31.9M | (0.73%) |
| 42 more quarters | Free account |
Against its own ten years
Operating cash flow against peers
| Company | Operating cash flow |
|---|---|
| MRX Marex Group PLC compare | $2.3B |
| PIPR Piper Sandler Companies | $506.2M |
| BGC BGC Group, Inc. compare | $504.1M |
| MC Moelis & Company compare | $488.3M |
| MKTX MarketAxess Holdings Inc. compare | $200.3M |
| FIGR Figure Technology Solutions, Inc. compare | −$86.5M |
| WULF TeraWulf Inc. compare | −$279.2M |
| GLXY Galaxy Digital Inc. compare | −$357.3M |
| RIOT Riot Platforms, Inc. compare | −$592.6M |
What Operating cash flow is
Operating Cash Flow shows how much cash a company’s day-to-day business actually brings in, after paying suppliers, staff and taxes.
Reported line item
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Gross margin
- 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
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