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

66.93 0.21 −0.31%
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) Price to free cash flow

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As of 5 November 2026, Piper Sandler Companies (PIPR) trades at a price to free cash flow of 9.3×. Over the past ten years it has ranged from 0.0× (December 2025) to 189× (September 2025); the current reading is higher than 75% of that period. That is in line with the Capital Markets industry median of 9.3× and in line with the Financial sector median of 9.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 10.3× (35.74%)
FY2024 16.0× 65.51%
FY2023 9.6× —
FY2022 0.0× —
FY2021 3.7× 103.29%
FY2020 1.8× (89.68%)
FY2019 17.7× 902.69%
FY2018 1.8× (68.70%)
FY2017 5.6× —
FY2016 0.0× —

Quarterly newest first

Period Price to free cash flow Change
Sep 2026 9.1× (9.40%)
Jun 2026 10.1× (7.74%)
Mar 2026 10.9× 6.31%
Dec 2025 10.3× —
43 more quarters

Against its own ten years

Low 0.0× High 189×
Ten-year median 5.0×
Current reading's percentile 75

Price to free cash flow against peers

Company Price to free cash flow
WULF TeraWulf Inc. compare n/m
RIOT Riot Platforms, Inc. compare n/m
GLXY Galaxy Digital Inc. compare n/m
FIGR Figure Technology Solutions, Inc. compare n/m
MRX Marex Group PLC compare 2.0×
PIPR Piper Sandler Companies 9.3×
MC Moelis & Company compare 10.2×
BGC BGC Group, Inc. compare 13.2×
MKTX MarketAxess Holdings Inc. compare 40.9×
Capital Markets industry median 9.3×
Financial sector median 9.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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