Full text
Earnings transcript
Read the complete earnings call transcript.
PIPR
Piper Sandler Companies
$77.83
1.22
(1.59%)
| Exchange: | NYSE |
| Market Cap: | 1.387B |
| Shares Outstanding: | 19.06M |
About The Company
| Sector: | Financial Services | |||||
| Industry: | Financial – Capital Markets | |||||
| CEO: | Chad R. Abraham | |||||
| Full Time Employees: | 1801 | |||||
| Address: |
| |||||
| Website: | https://www.pipersandler.com |
Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. The company offers investment banking and institutional sales, trading, and research services for various equity and fixed income products. It provides advisory services, such as mergers and acquisitions, equity private placements, and debt and restructuring advisory; raises capital through equity and debt financings; underwrites municipal issuances; and offers municipal financial advisory and loan placement services, as well as various over-the-counter derivative products. The company also offers public finance investment banking services that focus on state and local governments, and cultural and social service non-profit entities, as well as the education, healthcare, hospitality, senior living, and transportation sectors. In addition, it provides equity and fixed income advisory and trade execution services for institutional investors, and government and non-profit entities. Further, the company is involved in the alternative asset management funds merchant banking and healthcare to invest firm capital and to manage capital from outside investors, as well as trading activities. The company was formerly known as Piper Jaffray Companies and changed its name to Piper Sandler Companies in January 2020. Piper Sandler Companies was founded in 1895 and is headquartered in Minneapolis, Minnesota.
Click to read more…
Revenue Segmentation
EPS
Historical EPS and analyst estimates in one chart. Log in for the full interactive view and links to detailed estimates.
Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
Log in to continue
Log in to read the full transcript and AI-generated earnings summaries.
Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 1,309,952 | 1,481,268 | 1,904,217 |
| Gross Profit | 1,299,806 | 1,475,587 | 1,782,461 |
| EBITDA | 159,958 | 245,483 | 412,919 |
| Operating Income | 122,586 | 218,412 | 385,532 |
| Net Income | 85,491 | 181,114 | 281,331 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 2,140,983 | 2,255,936 | 0 |
| Total Liabilities | 841,510 | 840,163 | -1,463,164 |
| Total Stockholders Equity | 1,085,498 | 1,227,830 | 1,463,164 |
| Total Debt | 164,164 | 98,819 | 0 |
| Cash and Cash Equivalents | 383,098 | 482,834 | 0 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 275,629 | 313,255 | 0 |
| Capital Expenditure | -10,051 | -15,498 | 0 |
| Free Cash Flow | 265,578 | 297,757 | 0 |
| Net Income | 85,491 | 157,440 | 281,331 |
| Net Change in Cash | 17,474 | 99,736 | -482,834 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 2,428,986.022 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 2,489,453.389 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 2,463,722 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 421,926.863 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 432,430.343 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 427,960.674 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 1,700,433.970 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 1,742,764.706 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 1,724,751.211 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 0 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 0 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
Log in to continue
Log in and subscribe to Full Access to see up to 5 years of analyst estimates.
Login — it's free(* All numbers are in thousands)
Current Key Metrics
Log in to continue
Log in to see all key valuation metrics and ratios for this symbol.
Login — it's freeForward P/E Ratios
Log in to continue
Log in with Full Access for forward P/E high/low estimates and the full multi-year table.
Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: Piper Sandler reported strong adjusted net revenues of $405 million in Q2 2025, reflecting solid growth as highlighted in the earnings call transcript. Key metrics such as revenue and net income demonstrate consistent operational efficiency, supported by positive trends in operating cash flow from recent cash flow statements.
- High Profitability Metrics: The company exhibits strong gross profit margin (TTM) and net profit margin (TTM), indicating effective cost management and profitability compared to industry benchmarks, as per key metrics data.
- Sector Outperformance: PIPR's performance metrics (perf1w, perf1m, perf3m) show positive returns, often surpassing industry averages (industry_perf1w, industry_perf1m), reflecting resilience and competitive positioning within the financial services sector.
Log in with Full Access for Weaknesses, Opportunities, Threats, and the complete SWOT.
At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates PIPR intrinsic value between $247.60 – $323.08 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about PIPR valuation
Is Piper Sandler Companies (PIPR) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Piper Sandler Companies (PIPR) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is PIPR a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether PIPR trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is PIPR’s P/E ratio?
You can see PIPR’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for PIPR?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is PIPR a good long-term investment?
Whether PIPR fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
PIPR
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
1.59
Trading Metrics:
| Open: | 74.87 | Previous Close: | 76.61 | |
| Day Low: | 74.4 | Day High: | 78.91 | |
| Year Low: | 50.73 | Year High: | 95.07 | |
| Price Avg 50: | 79.44 | Price Avg 200: | 81.93 | |
| Volume: | 582784 | Average Volume: | 733582 |
Log in to continue
Log in for multi-period charts (1W–5Y), period tabs, and the same layout as members.
Login — it's freePIPR full analysis
Welcome to MARKETSNAP’s SWOT analysis for Piper Sandler Companies, a name you might not hear every day in the investment world but one that’s carving out a solid spot in the financial services space. If you’re a long-term investor looking to diversify or dig into niche players with potential, you’re in the right place. Today, we’re breaking down the strengths, weaknesses, opportunities, and threats for Piper Sandler, a firm that’s been making waves in investment banking and financial advisory. Let’s…
