Company Analysis

Piper Sandler Companies (PIPR)

NYSE: PIPR · Security Brokers, Dealers & Flotation Companies · Minneapolis, MN · filing with the SEC since 2003
Grade5.6
◀ Past 5.1● Present 5.5▶ Future 6.1

The grade of Piper Sandler Companies

Nine metrics read from its own filings, by tense
Headline grade
5.6/10
◀ Past5.125% of the headline
● Present5.545% of the headline
▶ Future6.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.1/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
6.7/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 67th percentile among 30 sector filers · read for itself

From the record

Piper Sandler Companies' filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.1/10

What has it actually done, year after year?

+10.6% a year over 10 filed years; profitable in 8 of 10.

weight 33% of this tense · 31st percentile among 29 sector filers · read for its customers

From the record

Piper Sandler Companies' 10 filed years say what it did: revenue went from $770 million in fiscal 2016 to $1.9 billion in fiscal 2025, up 10.6% a year; it rose in 6 of 9 years; the deepest fall was 33% from fiscal 2021 to fiscal 2023; net income was positive in 8 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span10.6%bottom 34% of its family
  • the share of years revenue rosebottom 28% of its family
  • the share of filed years with a profitbottom 36% of its family
  • the deepest fall from a revenue peak33.5%bottom 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.8/10

How has it treated the people who own it?

Share count grew 1.6% a year. 45% of cash flow returned. Insiders: 20 sales, 0 purchases.

weight 22% of this tense · 48th percentile among 26 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Piper Sandler Companies' diluted share count grew about 1.6% a year, and dividends and buybacks returned about 45% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 20 sales and 0 purchases of their own stock on the open market in the year to 2026-11-03 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 41% of its family
  • cash returned against operating cash flowtop 44% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.5/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
6.9/10

Is it financially healthy right now?

ROE 21%: 21¢ of profit per shareholder dollar. Leverage 47%: owes 47¢ per asset dollar.

weight 33% of this tense · 69th percentile among 29 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Piper Sandler Companies earned about 21 cents of profit for every dollar of shareholders' money. Leverage: it owed about 47 cents per dollar of assets, and net share issuance: its share count grew 0.5% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 18% of its family
  • return on equitytop 29% of its family
  • the share count against the year beforetop 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.1/10

How strong is its position in its industry?

bottom 41% of 29 in its family; net margin 14.8%.

weight 45% of this tense · 41st percentile among 29 sector filers · read for its customers

From the record

Piper Sandler Companies' standing among 29 graded names in its industry family: revenue of $1.9 billion in fiscal 2025 ranks in the bottom 40% by size; a net margin of 14.8% ranks in the top 43%; revenue growth of 9.9% a year over the last 3 filed years ranks in the bottom 27% (its annual reports).

What it rests on

  • revenue against the family$1.90Bbottom 40% of its family
  • net margin14.8%top 43% of its family
  • three-year revenue growth9.9%bottom 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
6.0/10

What are the people in charge doing?

top 40% of 18 in its family for leadership; chief executive since 2018.

weight 22% of this tense · 60th percentile among 18 sector filers · read for its shareholders

From the record

Piper Sandler Companies' leadership, from its insiders' filings and its current reports: the chief executive on the record is Abraham, Chad R (CEO and Chairman, as filed), filing under that title since 2018-02-05, 8.8 years (top 19% of its family); the 17 officers and directors filing in the last fifteen months have been on the record a median of 6.9 years (bottom 31%); 4 officer or director changes were reported on Form 8-K since 2023-11-13, against the 17 people in charge now (top 31%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge4 in three years among 17 peopletop 31% of its family
  • the median years the people in charge have filed6.9 yearsbottom 31% of its family
  • the chief executive's years on the record8.8 yearstop 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

6.1/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
7.4/10

How much room does it have to grow?

top 26% of 29 in its family for room to expand.

weight 33% of this tense · 74th percentile among 29 sector filers · read for itself

From the record

Piper Sandler Companies' room to grow, from the newest filed statements (fiscal 2025): cash of $809 million against no long-term debt tagged leaves 31.2% of its assets as net cash, top 22% of its family; cash from operations less capital spending is 30.8% of revenue (top 29%) (its annual report).

What it rests on

  • cash less debt against assets31.2%top 22% of its family
  • cash from operations less capital spending against revenue30.8%top 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.8/10

What could actually drive growth from here?

bottom 38% of 29 in its family for growth drivers.

weight 33% of this tense · 38th percentile among 29 sector filers · read for its customers

From the record

Piper Sandler Companies' growth drivers, from the filed years to fiscal 2025: revenue grew 9.9% a year over the last three filed years against 10.6% over all 10, slowing (bottom 35% of its family); the newest year grew 24.3% (top 34%); capital spending grew -22.5% a year (bottom 13%) (its annual reports). Piper Sandler Companies tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-0.7 points a yearbottom 35% of its family
  • the newest year's revenue growth24.3%top 34% of its family
  • three-year growth of capital spending-22.5%bottom 13% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.0/10

Did its newest year beat what its own record pointed to?

top 30% of 25 in its family for expectations against reality.

weight 33% of this tense · 70th percentile among 25 sector filers · read for its shareholders

From the record

Piper Sandler Companies' newest year against its own record: revenue of $1.9 billion in fiscal 2025 came in 20.4% above the $1.6 billion its prior three years' pace pointed to (top 26% of its family); net income of $281 million against a prior three-year average of $126 million (top 21%); a net margin of 14.8% against 8.6% before (top 42%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace20.4%top 26% of its family
  • net income against the prior three years' average+124%top 21% of its family
  • net margin against its prior average+6.2 pointstop 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton PIPR · research, not advice