Figure Technology Solutions, Inc. (FIGR) vs Piper Sandler Companies (PIPR)

Figure Technology Solutions, Inc. and Piper Sandler Companies are both Capital Markets companies. Figure Technology Solutions, Inc. is the larger, with a market value of $6.2B against $4.6B — 1.4× the size. Piper Sandler Companies trades at the lower P/E: 14.2× against 17.7×. Figure Technology Solutions, Inc. has the higher net margin (26.5% vs 14.5%) and the lower return on invested capital (14.9% vs 26.1%). Across the 16 metrics below, Piper Sandler Companies leads on 10 and Figure Technology Solutions, Inc. on 6.

Valuation

Metric FIGR PIPR Capital Markets median
P/E 17.69 14.20 14.20
P/S 8.50 2.07 2.00
P/B 4.26 2.79 1.51
Price to free cash flow n/m 8.99 6.36
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 5.65% 7.04% (3.94%)
Free cash flow yield (1.75%) 11.12% (1.62%)

Profitability

Metric FIGR PIPR Capital Markets median
Gross margin 87.54% 99.05% 62.80%
Operating margin 28.41% 24.96% 0.00%
Net margin 26.49% 14.53% (0.55%)
Free cash flow margin (14.84%) 23.02% 0.00%
Return on equity 21.14% 20.72% 0.00%
Return on assets 12.45% 14.34% 0.00%
Return on invested capital 14.94% 26.13% 0.00%

Growth

Metric FIGR PIPR Capital Markets median
Revenue growth (TTM) — 32.39% 20.70%
EPS growth (last fiscal year) 60.47% 54.49% 22.92%
Revenue growth, 5-year CAGR — 8.93% 18.16%
Net income growth, 5-year CAGR — 47.35% 0.00%

Health

Metric FIGR PIPR Capital Markets median
Debt to equity 0.68 0.00 0.08
Current ratio 1.86 1.41 1.50
Net debt to EBITDA (5.26) (1.72) (0.24)

Dividend

Metric FIGR PIPR Capital Markets median
Dividend yield — 0.89% 1.36%
Payout ratio — 0.13 0.19

Size

Metric FIGR PIPR Capital Markets median
Market cap 6.21b 4.56b 565.91m

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