profit from every $100 of sales.
$0$100
Piper Sandler Companies
$66.53-0.33% today
-20.9% in 1 year
1-year low $63.451-year high $94.51
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $16.62 for every $1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What Piper Sandler Companies sold, what it kept, and what it did with the cash.
Sales went from $1.37 billion in 2022 to $1.84 billion in 2025, with $281 million of profit last year.
SalesProfit
Piper Sandler Companies handed back 43% of the cash it generated last year.
Buybacks $125M$114M
Free cash flow 2025$552M
Bought back its own shares$125M
Paid as dividends$114M
Cash vs. debt$809M vs. $116M
Piper Sandler Companies vs. similar companies
Piper Sandler Companies grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Piper Sandler Companies | 16.6× · Fair price | ||
 Morgan Stanley | 17.7× · Fair price | ||
 The Goldman Sachs Group | 15.6× · Fair price | ||
 The Charles Schwab | 18.1× · Fair price | ||
 Interactive Brokers Group | 142.8× · Very expensive |
AI analysis
An AI analyst reads Piper Sandler Companies's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,374 | 1,300 | 1,476 | 1,836 | |
| – | – | – | – | |
| – | – | – | – | |
| – | – | – | – | |
| 111 | 85 | 181 | 281 | |
| 1.63 | 1.24 | 2.56 | 3.96 | |
| – | – | – | – | |
| – | – | – | – | |
| 8.1% | 6.6% | 12.3% | 15.3% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 2,182 | 2,141 | 2,256 | 2,593 |
| Cash | 366 | 383 | 483 | 809 |
| Total debt | 235 | 124 | 99 | 116 |
| Total liabilities | 928 | 842 | 840 | 1,010 |
| 1,054 | 1,085 | 1,228 | 1,371 | |
| 68 | 69 | 71 | 71 | |
| – | – | – | – | |
| 10.5% | 7.9% | 14.8% | 20.5% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| -225 | 276 | 313 | 587 | |
| 31 | 10 | 15 | 35 | |
| -256 | 266 | 298 | 552 | |
| Dividends paid | 108 | 84 | 74 | 114 |
| 187 | 71 | 66 | 125 | |
| 131 | 94 | 103 | 124 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 16.6×
- 14.1×
- 0.48
- 3.6×
- 2.5×
- 6.0%
- 2.5%
Profitability
- 15.3%
- 22.4%
- 14.0%
- 21.6%
- 13.2%
Growth
- +10.2%
- +34.4%
- +23.3%
- +1.6%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 8%of 758
Top 50%of 604
Bottom 39%of 874
Top 48%of 887
Top 18%of 933
What analysts expect
- Average price target
- $97.58
- Range
- $96.25 – $99.50
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 1, 2026 | 1.00 | 0.85 | +17.6% |
| Feb 6, 2026 | 1.72 | 1.18 | +45.8% |
| Oct 31, 2025 | 3.82 | 3.17 | +20.5% |
| Aug 1, 2025 | 2.95 | 2.25 | +31.1% |
| May 2, 2025 | 4.09 | 2.65 | +54.3% |
| Jan 31, 2025 | 4.80 | 3.99 | +20.3% |
| Oct 25, 2024 | 2.57 | 2.67 | −3.7% |
| Aug 2, 2024 | 2.52 | 2.27 | +11.0% |
2.5%of the share price, paid each year
On $1,000 invested$25a year at today's yield, before tax
+23.3%2020 to 2025
Raised1 yearin a row, in our data
Paid per share, each year
$0.31 in 2017 → $1.43 in 2025
How safe it looks
40.6% of its profit
Room to growStretchedMore than it earns: 20.7%
News
CareDx is a new Overweight at Piper Sandler on transplant testing opportunitySeeking Alpha · Nov 11, 2026Piper Sandler signals $200M buyback through 2028 as it expects strongest quarter of 2026 in Q4Seeking Alpha · Oct 30, 2026iRhythm wins new Overweight at Piper on YTD pullbackSeeking Alpha · Oct 16, 2026Alerus, Horizon Bancorp, IBCP upgraded at Piper, two stocks downgradedSeeking Alpha · Oct 2, 2026Rollins cut to neutral at Piper on impact from agentic AISeeking Alpha · Sep 24, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
6/7Passes 6 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
86Pass
Benjamin Graham
69Pass
Philip Fisher
86Pass
Peter Lynch
93Pass
Joel Greenblatt
43No pass
Charlie Munger
77Pass
Terry Smith
75Pass
Questions about Piper Sandler Companies
Is Piper Sandler Companies a good stock to buy?
A solid business at a fair price. 6 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Piper Sandler Companies AI analysis
What does Piper Sandler Companies do?
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. It is in Capital Markets, based in Minneapolis, MN, United States, with 1,842 employees.
Does Piper Sandler Companies pay a dividend?
Yes. At today's price the dividend is 2.5% a year, about 41% of its yearly profit. In 2025 it paid out $114 million in dividends.
Is Piper Sandler Companies stock halal?
Yes. Piper Sandler Companies passes our halal screen: its business is permitted and its debt is 2% of its market value, under the 30% limit. How we check
How has Piper Sandler Companies stock done over the past year?
Down 20.9% over the past twelve months, to $66.53. It traded between $63.45 and $94.51 and is 29.6% below its high.
Who are Piper Sandler Companies's competitors?
The largest listed companies in the same industry are Morgan Stanley, The Goldman Sachs Group, The Charles Schwab and Interactive Brokers Group. The peers table on this page compares their profit, growth and price with Piper Sandler Companies's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.