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Piper Sandler Companies (PIPR) Financials

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$224.18 -0.97 (-0.43%)
Closing price 03:59 PM Eastern
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$224.20 +0.02 (+0.01%)
As of 04:14 PM Eastern
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Annual Income Statements for Piper Sandler Companies

Annual Income Statements for Piper Sandler Companies

This table shows Piper Sandler Companies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
52 -22 -62 57 112 41 279 111 85 181
Consolidated Net Income / (Loss)
58 -14 -60 56 230 49 330 101 99 157
Net Income / (Loss) Continuing Operations
58 -14 26 54 88 49 330 101 99 157
Total Pre-Tax Income
86 -31 79 72 119 69 442 134 123 218
Total Revenue
673 747 824 741 835 1,238 2,031 1,426 1,348 1,526
Net Interest Income / (Expense)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Income
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income
673 747 824 741 835 1,238 2,031 1,426 1,348 1,526
Investment Banking Income
500 515 657 600 652 882 1,647 1,009 954 1,097
Other Non-Interest Income
173 232 166 141 183 356 384 416 394 429
Total Non-Interest Expense
586 778 744 668 716 1,170 1,590 1,291 1,225 1,308
Salaries and Employee Benefits
422 511 590 488 516 877 1,305 984 897 1,004
Net Occupancy & Equipment Expense
52 65 62 63 68 98 101 115 117 121
Marketing Expense
30 30 29 27 29 13 21 43 38 42
Other Operating Expenses
64 58 54 82 85 125 128 123 146 127
Amortization Expense
7.66 21 10 4.86 4.30 45 30 15 19 10
Restructuring Charge
11 10 0.00 3.50 14 11 4.72 11 7.75 2.59
Income Tax Expense
28 -17 54 18 25 19 111 33 24 61
Net Income / (Loss) Attributable to Noncontrolling Interest
6.41 8.21 2.39 -1.21 6.46 8.85 52 -9.49 13 -24
Basic Earnings per Share
$3.34 ($1.73) ($5.07) $3.78 $7.90 $2.94 $19.52 $7.92 $5.72 $11.44
Weighted Average Basic Shares Outstanding
14.37M 12.67M 12.81M 13.23M 13.56M 13.78M 14.27M 13.98M 14.96M 15.84M
Diluted Earnings per Share
$3.34 ($1.73) ($4.99) $3.72 $7.69 $2.72 $16.43 $6.52 $4.96 $10.24
Weighted Average Diluted Shares Outstanding
14.39M 12.78M 12.98M 13.43M 13.94M 14.90M 16.96M 16.97M 17.22M 17.70M
Weighted Average Basic & Diluted Shares Outstanding
15.60M 12.70M 12.20M 15.10M 17.32M 18.26M 18.18M 17.89M 17.68M 17.73M
Cash Dividends to Common per Share
$0.00 $0.00 $1.25 $3.12 $2.51 $2.00 $6.80 $6.90 $3.65 $3.50

Quarterly Income Statements for Piper Sandler Companies

This table shows Piper Sandler Companies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
15 38 26 3.95 3.88 52 42 35 35 69
Consolidated Net Income / (Loss)
11 38 33 15 -14 65 50 15 40 53
Net Income / (Loss) Continuing Operations
11 38 33 15 -14 65 50 15 40 53
Total Pre-Tax Income
19 43 26 14 -3.45 86 52 28 56 82
Total Revenue
332 391 298 289 289 472 343 339 360 484
Total Non-Interest Income
332 391 298 289 289 472 343 339 360 484
Investment Banking Income
239 281 196 200 195 364 245 242 252 358
Other Non-Interest Income
93 110 102 89 95 108 98 97 107 126
Total Non-Interest Expense
313 348 272 274 293 386 291 311 304 402
Salaries and Employee Benefits
233 263 199 189 207 301 222 235 231 316
Net Occupancy & Equipment Expense
29 30 30 29 29 29 29 31 30 31
Marketing Expense
12 10 10 11 8.67 8.08 11 11 10 9.71
Other Operating Expenses
29 38 28 36 43 39 26 30 29 42
Amortization Expense
3.77 5.29 4.90 4.90 4.83 4.80 2.36 2.36 2.57 2.99
Income Tax Expense
8.17 4.66 -7.64 -0.25 10 21 2.84 13 15 30
Net Income / (Loss) Attributable to Noncontrolling Interest
-3.80 -0.09 7.81 11 -18 13 7.09 -20 5.60 -17
Basic Earnings per Share
$1.05 $2.81 $1.77 $0.26 $0.26 $3.43 $2.74 $2.19 $2.19 $4.32
Weighted Average Basic Shares Outstanding
13.78M 13.98M 14.51M 15.07M 15.11M 14.96M 15.50M 15.88M 15.92M 15.84M
Diluted Earnings per Share
$0.87 $2.27 $1.49 $0.23 $0.22 $3.02 $2.43 $1.97 $1.96 $3.88
Weighted Average Diluted Shares Outstanding
16.73M 16.97M 17.18M 17.08M 17.26M 17.22M 17.50M 17.63M 17.77M 17.70M
Weighted Average Basic & Diluted Shares Outstanding
17.83M 17.89M 17.74M 17.75M 17.71M 17.68M 17.70M 17.70M 17.78M 17.73M
Cash Dividends to Common per Share
$0.60 $0.60 $1.85 $0.60 $0.60 $0.60 $1.60 $0.60 $0.65 $0.65

Annual Cash Flow Statements for Piper Sandler Companies

This table details how cash moves in and out of Piper Sandler Companies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
174 -201 -37 17 200 258 463 -605 17 100
Net Cash From Operating Activities
380 -3.23 203 510 68 780 707 -225 276 313
Net Cash From Continuing Operating Activities
380 -3.23 203 510 68 780 707 -225 276 313
Net Income / (Loss) Continuing Operations
58 -14 -60 56 118 49 330 101 99 157
Consolidated Net Income / (Loss)
58 -14 -60 56 118 49 330 101 99 157
Depreciation Expense
5.06 6.41 7.25 8.36 9.36 11 13 16 18 17
Amortization Expense
14 30 22 16 14 48 40 25 30 27
Non-Cash Adjustments to Reconcile Net Income
49 139 153 43 -8.94 122 171 131 94 103
Changes in Operating Assets and Liabilities, net
253 -165 80 387 -65 550 153 -498 35 8.75
Net Cash From Investing Activities
-16 -84 -7.99 -16 27 -435 -21 -127 -10 -32
Net Cash From Continuing Investing Activities
-16 -84 -7.99 -16 27 -435 -21 -127 -10 -32
Purchase of Investment Securities
-18 -84 -7.99 -16 -26 -435 -21 -127 -10 -32
Net Cash From Financing Activities
-189 -112 -233 -477 105 -88 -223 -250 -250 -181
Net Cash From Continuing Financing Activities
-189 -112 -233 -477 105 -88 -223 -250 -250 -181
Issuance of Debt
193 - 0.00 0.00 175 -50 0.00 0.00 30 -37
Repayment of Debt
-75 -27 -179 -365 0.03 0.00 -70 0.00 -125 0.00
Repurchase of Common Equity
-133 -71 -25 -71 -51 -22 -70 -187 -71 -66
Payment of Dividends
0.00 0.00 -19 -47 -36 -28 -99 -108 -84 -74
Other Financing Activities, Net
-174 -13 -9.80 6.28 16 13 16 45 0.54 -3.12
Effect of Exchange Rate Changes
-0.37 -2.05 1.53 -0.65 0.51 0.70 -0.36 -3.27 1.48 -1.14

Quarterly Cash Flow Statements for Piper Sandler Companies

This table details how cash moves in and out of Piper Sandler Companies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
37 91 -320 21 -15 331 -313 251 29 133
Net Cash From Operating Activities
65 161 -202 27 27 423 -197 266 80 164
Net Cash From Continuing Operating Activities
65 161 -202 27 27 423 -197 266 80 164
Net Income / (Loss) Continuing Operations
11 38 33 15 -14 65 50 15 40 53
Consolidated Net Income / (Loss)
11 38 33 15 -14 65 50 15 40 53
Depreciation Expense
4.07 4.24 4.43 4.55 4.55 4.40 4.26 4.24 4.16 4.13
Amortization Expense
6.34 7.90 7.52 7.69 7.16 7.89 7.19 4.58 5.87 9.29
Non-Cash Adjustments to Reconcile Net Income
32 39 28 14 22 31 27 24 21 32
Changes in Operating Assets and Liabilities, net
11 72 -275 -13 7.66 315 -285 219 9.19 66
Net Cash From Investing Activities
-10 -70 -1.86 -2.84 -3.59 -1.76 -1.28 -3.38 -19 -8.47
Net Cash From Continuing Investing Activities
-10 -70 -1.86 -2.84 -3.59 -1.76 -1.28 -3.38 -19 -8.47
Purchase of Investment Securities
-10 -70 -1.86 -2.84 -3.59 -1.76 -1.28 -3.38 -19 -8.47
Net Cash From Financing Activities
-16 -2.29 -117 -3.83 -38 -91 -114 -12 -35 -19
Net Cash From Continuing Financing Activities
-16 -2.29 -117 -3.83 -38 -91 -114 -12 -35 -19
Issuance of Debt
- - - - - - - - - -10
Repurchase of Common Equity
-22 -1.53 -61 -2.89 -3.90 -3.06 -52 -5.50 -2.38 -6.46
Payment of Dividends
-9.21 -8.51 -51 -13 -10 -10 -36 -15 -11 -13
Other Financing Activities, Net
15 7.76 -5.05 12 -24 17 3.40 8.35 -25 9.73
Effect of Exchange Rate Changes
-1.97 2.16 0.85 0.66 -1.22 1.20 -0.32 -0.19 2.74 -3.38

Annual Balance Sheets for Piper Sandler Companies

This table presents Piper Sandler Companies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Total Assets
2,139 2,126 2,025 1,345 1,629 1,997 2,565 2,182 2,141 2,256
Cash and Due from Banks
190 41 34 50 250 508 971 366 383 483
Trading Account Securities
137 160 - - - - 349 340 435 426
Loans and Leases, Net of Allowance
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net
19 25 25 32 30 44 52 68 61 59
Goodwill
218 196 82 82 88 228 228 301 302 312
Intangible Assets
31 37 23 4.28 17 150 120 136 116 108
Other Assets
1,422 1,605 1,861 1,176 1,245 1,068 846 971 845 868
Total Liabilities & Shareholders' Equity
2,139 2,126 2,025 1,345 1,629 1,997 2,565 2,182 2,141 2,256
Total Liabilities
1,306 1,309 1,283 615 822 1,071 1,338 928 842 840
Short-Term Debt
577 504 309 59 57 19 13 4.62 31 16
Other Long-Term Liabilities
302 342 449 233 289 335 1,200 798 811 824
Total Equity & Noncontrolling Interests
833 816 741 730 807 926 1,227 1,254 1,299 1,416
Total Preferred & Common Equity
784 759 693 677 731 829 1,062 1,054 1,085 1,228
Total Common Equity
784 759 693 677 731 829 1,062 1,054 1,085 1,228
Common Stock
752 789 792 797 758 848 926 1,045 988 982
Retained Earnings
279 257 176 183 259 271 450 453 454 562
Treasury Stock
-248 -284 -274 -300 -284 -289 -313 -442 -356 -315
Accumulated Other Comprehensive Income / (Loss)
-0.19 -2.60 -1.28 -1.40 -0.87 -0.20 -0.96 -2.50 -0.89 -1.18
Noncontrolling Interest
49 57 48 53 75 97 165 200 214 188

Quarterly Balance Sheets for Piper Sandler Companies

This table presents Piper Sandler Companies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
2,042 1,804 1,940 1,965 1,822 1,920 2,032
Cash and Due from Banks
274 46 67 52 70 321 350
Trading Account Securities
441 446 447 440 442 418 418
Loans and Leases, Net of Allowance
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Premises and Equipment, Net
65 66 64 63 58 57 56
Goodwill
244 302 302 302 302 302 310
Intangible Assets
131 131 126 121 114 111 110
Other Assets
888 813 934 988 837 711 787
Total Liabilities & Shareholders' Equity
2,042 1,804 1,940 1,965 1,822 1,920 2,032
Total Liabilities
849 564 682 747 497 579 670
Short-Term Debt
27 4.02 1.27 12 3.38 22 22
Other Long-Term Liabilities
697 435 556 610 494 557 648
Total Equity & Noncontrolling Interests
1,193 1,240 1,258 1,219 1,325 1,341 1,362
Total Preferred & Common Equity
1,000 1,037 1,033 1,034 1,101 1,126 1,167
Total Common Equity
1,000 1,037 1,033 1,034 1,101 1,126 1,167
Common Stock
1,022 992 978 985 987 973 986
Retained Earnings
424 428 419 413 461 481 505
Treasury Stock
-442 -381 -363 -361 -347 -327 -325
Accumulated Other Comprehensive Income / (Loss)
-3.84 -1.54 -0.77 -1.97 -0.85 -0.79 1.56
Noncontrolling Interest
192 203 226 184 224 215 195

Annual Metrics and Ratios for Piper Sandler Companies

This table displays calculated financial ratios and metrics derived from Piper Sandler Companies' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
3.82% 11.06% 10.21% -10.04% 12.63% 48.37% 64.03% -29.81% -5.45% 13.20%
EBITDA Growth
-18.94% -94.75% 1,864.01% -11.28% 48.00% -10.67% 287.20% -64.62% -2.25% 53.49%
EBIT Growth
-21.66% -135.72% 356.90% -8.61% 64.13% -42.39% 544.09% -69.57% -8.77% 78.17%
NOPAT Growth
-21.32% -136.95% 218.03% 113.44% 73.40% -47.72% 569.36% -69.37% -2.18% 59.07%
Net Income Growth
-21.32% -123.50% -333.23% 193.75% 311.76% -78.53% 569.36% -69.37% -2.18% 59.07%
EPS Growth
-13.70% -151.80% -188.44% 174.55% 106.72% -64.63% 504.04% -60.32% -23.93% 106.45%
Operating Cash Flow Growth
858.00% -100.85% 6,394.60% 151.13% -86.70% 1,050.13% -9.32% -131.81% 222.55% 13.65%
Free Cash Flow Firm Growth
83.77% -22.36% 408.71% 27.72% -135.28% 67.03% 304.57% -21.26% 84.16% -63.03%
Invested Capital Growth
-1.79% -5.65% -21.38% -32.88% 31.68% 9.69% 19.78% 1.36% -3.84% 7.61%
Revenue Q/Q Growth
7.48% 3.48% -4.38% 2.60% 9.92% 11.43% 13.55% -15.28% 6.38% 0.81%
EBITDA Q/Q Growth
1.56% -93.37% 261.22% -47.81% 17.45% 26.44% 24.37% -42.23% 34.00% -0.98%
EBIT Q/Q Growth
1.16% -160.67% 180.25% -54.58% 22.82% 32.08% 28.66% -48.43% 54.37% -1.67%
NOPAT Q/Q Growth
2.05% -162.13% 136.87% -26.42% 29.35% 25.11% 29.70% -46.39% 36.68% -7.12%
Net Income Q/Q Growth
2.05% -139.52% -29.38% 698.84% 138.50% -67.35% 29.70% -46.39% 36.68% -7.12%
EPS Q/Q Growth
4.70% -191.53% -12.90% 491.58% 19.41% 11.02% 29.27% -40.07% 17.81% 9.17%
Operating Cash Flow Q/Q Growth
81.86% -102.44% -45.83% 258.01% -59.55% 33.88% 51.54% -321.00% 1,958.01% -45.28%
Free Cash Flow Firm Q/Q Growth
-4.75% 157.64% -42.69% 134.45% -184.19% 82.00% 6.66% -41.70% 147.23% -60.17%
Invested Capital Q/Q Growth
1.47% -12.78% 12.73% -15.04% 27.19% -0.15% 5.20% 2.90% -1.85% 3.45%
Profitability Metrics
- - - - - - - - - -
EBITDA Margin
15.68% 0.74% 13.20% 13.02% 17.10% 10.30% 24.31% 12.25% 12.67% 17.18%
EBIT Margin
12.84% -4.13% 9.63% 9.78% 14.26% 5.54% 21.74% 9.43% 9.09% 14.31%
Profit (Net Income) Margin
8.69% -1.84% -7.23% 7.53% 27.55% 3.99% 16.27% 7.10% 7.34% 10.32%
Tax Burden Percent
67.67% 44.52% -75.08% 77.02% 193.21% 72.00% 74.83% 75.30% 80.74% 72.08%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
32.33% 0.00% 67.84% 24.89% 20.66% 28.00% 25.17% 24.70% 19.26% 27.92%
Return on Invested Capital (ROIC)
3.66% -1.40% 1.91% 5.54% 10.33% 4.53% 26.38% 7.36% 7.29% 11.40%
ROIC Less NNEP Spread (ROIC-NNEP)
3.66% -0.30% -13.37% 6.11% 103.41% 4.53% 26.38% 7.36% 7.29% 11.40%
Return on Net Nonoperating Assets (RNNOA)
2.83% -0.26% -9.56% 2.05% 19.59% 1.17% 4.31% 0.79% 0.46% 0.20%
Return on Equity (ROE)
6.49% -1.67% -7.65% 7.59% 29.91% 5.70% 30.69% 8.16% 7.75% 11.60%
Cash Return on Invested Capital (CROIC)
5.47% 4.41% 25.86% 44.89% -17.02% -4.71% 8.38% 6.01% 11.21% 4.07%
Operating Return on Assets (OROA)
3.63% -1.45% 3.82% 4.30% 8.00% 3.78% 19.35% 5.66% 5.67% 9.93%
Return on Assets (ROA)
2.46% -0.64% -2.87% 3.31% 15.46% 2.72% 14.48% 4.26% 4.58% 7.16%
Return on Common Equity (ROCE)
5.77% -1.56% -7.13% 7.07% 27.42% 5.13% 26.97% 6.96% 6.50% 9.88%
Return on Equity Simple (ROE_SIMPLE)
7.46% -1.81% -8.59% 8.24% 31.44% 5.95% 31.10% 9.60% 9.12% 12.82%
Net Operating Profit after Tax (NOPAT)
58 -22 26 54 94 49 330 101 99 157
NOPAT Margin
8.69% -2.89% 3.10% 7.35% 11.31% 3.99% 16.27% 7.10% 7.34% 10.32%
Net Nonoperating Expense Percent (NNEP)
0.00% -1.10% 15.28% -0.56% -93.08% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
74.87% 81.09% 82.64% 78.04% 73.38% 79.90% 70.26% 80.05% 78.03% 76.54%
Operating Expenses to Revenue
87.16% 104.13% 90.37% 90.22% 85.74% 94.46% 78.26% 90.57% 90.91% 85.69%
Earnings before Interest and Taxes (EBIT)
86 -31 79 72 119 69 442 134 123 218
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
106 5.54 109 96 143 128 494 175 171 262
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
0.62 1.14 1.51 1.21 1.34 1.91 2.76 2.11 2.81 4.34
Price to Tangible Book Value (P/TBV)
0.91 1.65 1.78 1.38 1.56 3.50 4.10 3.61 4.57 6.60
Price to Revenue (P/Rev)
0.72 1.16 1.27 1.10 1.17 1.28 1.44 1.56 2.26 3.49
Price to Earnings (P/E)
9.31 0.00 0.00 14.31 8.77 39.01 10.52 20.13 35.66 29.45
Dividend Yield
0.00% 0.00% 1.80% 4.98% 2.20% 1.84% 2.07% 1.92% 1.39% 0.83%
Earnings Yield
10.74% 0.00% 0.00% 6.99% 11.41% 2.56% 9.51% 4.97% 2.80% 3.40%
Enterprise Value to Invested Capital (EV/IC)
0.64 1.02 1.27 1.11 1.00 1.21 1.66 1.58 2.19 3.53
Enterprise Value to Revenue (EV/Rev)
1.51 2.05 1.82 1.18 1.24 1.12 1.11 1.54 2.16 3.31
Enterprise Value to EBITDA (EV/EBITDA)
9.62 276.86 13.78 9.10 7.27 10.84 4.58 12.55 17.04 19.28
Enterprise Value to EBIT (EV/EBIT)
11.74 0.00 18.88 12.11 8.72 20.17 5.12 16.31 23.74 23.14
Enterprise Value to NOPAT (EV/NOPAT)
17.36 0.00 58.71 16.12 10.99 28.01 6.85 21.67 29.41 32.10
Enterprise Value to Operating Cash Flow (EV/OCF)
2.67 0.00 7.38 1.72 15.30 1.77 3.20 0.00 10.56 16.13
Enterprise Value to Free Cash Flow (EV/FCFF)
11.61 22.58 4.34 1.99 0.00 0.00 21.55 26.53 19.13 89.84
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.90 0.83 0.59 0.08 0.29 0.23 0.11 0.10 0.02 0.01
Long-Term Debt to Equity
0.21 0.21 0.17 0.00 0.22 0.21 0.10 0.10 0.00 0.00
Financial Leverage
0.77 0.87 0.71 0.34 0.19 0.26 0.16 0.11 0.06 0.02
Leverage Ratio
2.64 2.59 2.66 2.29 1.94 2.09 2.12 1.91 1.69 1.62
Compound Leverage Factor
2.64 2.59 2.66 2.29 1.94 2.09 2.12 1.91 1.69 1.62
Debt to Total Capital
47.45% 45.41% 36.95% 7.43% 22.38% 18.74% 10.13% 9.37% 2.33% 1.11%
Short-Term Debt to Total Capital
36.41% 33.71% 26.31% 7.43% 5.53% 1.63% 0.97% 0.33% 2.33% 1.11%
Long-Term Debt to Total Capital
11.04% 11.70% 10.63% 0.00% 16.84% 17.11% 9.16% 9.03% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
3.10% 3.81% 4.07% 6.71% 7.24% 8.48% 12.06% 14.45% 16.08% 13.13%
Common Equity to Total Capital
49.45% 50.77% 58.98% 85.86% 70.38% 72.78% 77.81% 76.18% 81.59% 85.76%
Debt to EBITDA
7.13 122.69 4.00 0.61 1.63 1.68 0.28 0.74 0.18 0.06
Net Debt to EBITDA
4.56 109.97 3.68 0.09 -0.12 -2.31 -1.69 -1.35 -2.06 -1.78
Long-Term Debt to EBITDA
1.66 31.62 1.15 0.00 1.23 1.53 0.25 0.72 0.00 0.00
Debt to NOPAT
12.86 -31.42 17.03 1.08 2.46 4.33 0.42 1.28 0.31 0.10
Net Debt to NOPAT
8.23 -28.17 15.70 0.15 -0.19 -5.96 -2.52 -2.33 -3.56 -2.97
Long-Term Debt to NOPAT
2.99 -8.10 4.90 0.00 1.85 3.95 0.38 1.24 0.00 0.00
Noncontrolling Interest Sharing Ratio
11.03% 6.44% 6.74% 6.85% 8.34% 9.92% 12.14% 14.70% 16.21% 14.80%
Liquidity Ratios
- - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
87 68 345 441 -156 -51 105 83 152 56
Operating Cash Flow to CapEx
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.28 0.35 0.40 0.44 0.56 0.68 0.89 0.60 0.62 0.69
Fixed Asset Turnover
36.22 33.72 32.60 25.78 26.86 33.62 42.50 23.76 20.90 25.40
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
1,585 1,495 1,176 789 1,039 1,140 1,365 1,384 1,330 1,432
Invested Capital Turnover
0.42 0.49 0.62 0.75 0.91 1.14 1.62 1.04 0.99 1.10
Increase / (Decrease) in Invested Capital
-29 -89 -320 -387 250 101 225 19 -53 101
Enterprise Value (EV)
1,015 1,532 1,498 878 1,037 1,382 2,262 2,192 2,911 5,054
Market Capitalization
485 867 1,049 816 979 1,580 2,930 2,228 3,049 5,333
Book Value per Share
$51.60 $50.18 $45.89 $45.69 $50.93 $46.42 $59.41 $59.11 $61.29 $69.06
Tangible Book Value per Share
$35.24 $34.75 $38.96 $39.88 $43.67 $25.30 $39.99 $34.61 $37.69 $45.46
Total Capital
1,585 1,495 1,176 789 1,039 1,140 1,365 1,384 1,330 1,432
Total Debt
752 679 434 59 232 214 138 130 31 16
Total Long-Term Debt
175 175 125 0.00 175 195 125 125 0.00 0.00
Net Debt
481 609 401 8.25 -18 -294 -833 -236 -352 -467
Capital Expenditures (CapEx)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)
0.00 -7.87 85 -1.39 -135 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)
752 679 434 59 232 214 138 130 31 16
Total Depreciation and Amortization (D&A)
19 36 29 24 24 59 52 40 48 44
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$3.34 ($1.73) ($5.07) $3.78 $7.90 $2.94 $19.52 $0.00 $5.72 $11.44
Adjusted Weighted Average Basic Shares Outstanding
14.37M 12.67M 12.81M 13.23M 13.56M 13.78M 14.27M 0.00 14.96M 15.84M
Adjusted Diluted Earnings per Share
$3.34 ($1.73) ($5.07) $3.72 $7.69 $2.72 $16.43 $0.00 $4.96 $10.24
Adjusted Weighted Average Diluted Shares Outstanding
14.39M 12.78M 12.98M 13.43M 13.94M 14.90M 16.96M 0.00 17.22M 17.70M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $7.90 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
14.93M 15.16M 15.20M 14.64M 17.32M 18.26M 18.18M 0.00 17.68M 17.73M
Normalized Net Operating Profit after Tax (NOPAT)
66 44 56 57 106 57 334 110 105 159
Normalized NOPAT Margin
9.76% 5.83% 6.74% 7.70% 12.67% 4.61% 16.44% 7.70% 7.81% 10.44%
Pre Tax Income Margin
12.84% -4.13% 9.63% 9.78% 14.26% 5.54% 21.74% 9.43% 9.09% 14.31%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% -31.82% 84.47% 15.48% 57.08% 30.07% 106.27% 85.32% 46.83%
Augmented Payout Ratio
227.29% -515.49% -74.60% 211.46% 37.49% 101.58% 51.23% 291.42% 156.73% 89.02%

Quarterly Metrics and Ratios for Piper Sandler Companies

This table displays calculated financial ratios and metrics derived from Piper Sandler Companies' official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
-25.54% -39.68% -15.04% -18.02% -12.74% 20.66% 15.16% 17.47% 24.21% 2.60%
EBITDA Growth
-67.61% -69.97% -14.69% -42.54% -71.83% 79.06% 69.17% 39.19% 695.03% -2.63%
EBIT Growth
-75.03% -74.73% -27.58% -61.30% -118.25% 101.19% 103.12% 96.41% 1,712.03% -4.33%
NOPAT Growth
-79.44% -69.73% 35.64% -47.32% -122.50% 69.87% 48.23% 2.32% 1,772.46% -18.69%
Net Income Growth
-79.44% -69.73% 35.64% -47.32% -227.43% 69.87% 48.23% 2.32% 395.31% -18.69%
EPS Growth
-67.54% -65.76% -29.72% -81.75% -74.71% 33.04% 63.09% 756.52% 790.91% 28.48%
Operating Cash Flow Growth
-69.00% -67.02% 58.30% -19.71% -57.81% 163.11% 2.34% 877.07% 193.99% -61.27%
Free Cash Flow Firm Growth
65.17% 119.50% 31.21% -149.18% 63.39% 505.01% 274.64% 164.77% 191.18% -141.34%
Invested Capital Growth
3.62% 1.36% 6.61% 5.46% 0.81% -3.84% -2.94% -1.59% 2.09% 7.61%
Revenue Q/Q Growth
-5.80% 17.87% -23.82% -3.08% 0.26% 63.00% -27.30% -1.13% 6.01% 34.63%
EBITDA Q/Q Growth
-36.74% 86.99% -31.12% -29.48% -68.99% 1,088.72% -34.92% -41.98% 77.13% 45.58%
EBIT Q/Q Growth
-49.13% 125.74% -39.51% -44.28% -123.99% 2,588.29% -38.93% -46.12% 96.90% 47.67%
NOPAT Q/Q Growth
-61.36% 254.18% -12.02% -56.25% -116.51% 2,773.83% -23.22% -69.81% 169.81% 29.99%
Net Income Q/Q Growth
-61.36% 254.18% -12.02% -56.25% -193.48% 572.13% -23.22% -69.81% 169.81% 29.99%
EPS Q/Q Growth
-30.95% 160.92% -34.36% -84.56% -4.35% 1,272.73% -19.54% -18.93% -0.51% 97.96%
Operating Cash Flow Q/Q Growth
90.18% 148.88% -225.59% 113.51% -0.07% 1,452.03% -146.62% 235.14% -69.93% 104.47%
Free Cash Flow Firm Q/Q Growth
-58.41% 153.66% -364.00% -11.03% 76.73% 986.90% -23.80% -58.82% -67.24% -502.06%
Invested Capital Q/Q Growth
2.41% 2.90% -1.09% 1.18% -2.11% -1.85% -0.15% 2.59% 1.55% 3.45%
Profitability Metrics
- - - - - - - - - -
EBITDA Margin
8.83% 14.02% 12.67% 9.22% 2.85% 20.80% 18.62% 10.93% 18.25% 19.74%
EBIT Margin
5.70% 10.91% 8.66% 4.98% -1.19% 18.19% 15.28% 8.33% 15.47% 16.97%
Profit (Net Income) Margin
3.24% 9.72% 11.23% 5.07% -4.72% 13.69% 14.45% 4.41% 11.23% 10.85%
Tax Burden Percent
56.78% 89.09% 129.59% 101.74% 396.43% 75.22% 94.57% 53.00% 72.62% 63.93%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate
43.22% 10.91% -29.59% -1.74% 0.00% 24.78% 5.43% 47.00% 27.38% 36.07%
Return on Invested Capital (ROIC)
4.12% 10.08% 11.62% 4.92% -0.78% 13.59% 14.93% 4.64% 12.41% 11.98%
ROIC Less NNEP Spread (ROIC-NNEP)
4.12% 10.08% 11.62% 4.92% -8.58% 13.59% 14.93% 4.64% 12.41% 11.98%
Return on Net Nonoperating Assets (RNNOA)
0.60% 1.09% 1.24% 0.53% -1.03% 0.86% 0.77% 0.26% 0.76% 0.21%
Return on Equity (ROE)
4.72% 11.17% 12.87% 5.45% -1.81% 14.45% 15.70% 4.90% 13.18% 12.19%
Cash Return on Invested Capital (CROIC)
10.73% 6.01% 1.90% 1.86% 4.56% 11.21% 11.51% 10.00% 10.31% 4.07%
Operating Return on Assets (OROA)
4.53% 6.55% 6.45% 3.35% -0.75% 11.35% 11.74% 6.23% 11.71% 11.78%
Return on Assets (ROA)
2.57% 5.84% 8.36% 3.41% -2.99% 8.54% 11.10% 3.30% 8.51% 7.53%
Return on Common Equity (ROCE)
4.05% 9.53% 11.03% 4.54% -1.53% 12.11% 13.09% 4.07% 11.24% 10.39%
Return on Equity Simple (ROE_SIMPLE)
18.87% 0.00% 10.61% 9.38% 7.00% 0.00% 10.46% 10.25% 14.52% 0.00%
Net Operating Profit after Tax (NOPAT)
11 38 33 15 -2.42 65 50 15 40 53
NOPAT Margin
3.24% 9.72% 11.23% 5.07% -0.83% 13.69% 14.45% 4.41% 11.23% 10.85%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% 0.00% 0.00% 7.80% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
82.56% 77.45% 80.39% 79.38% 84.68% 71.63% 76.51% 81.79% 75.53% 73.62%
Operating Expenses to Revenue
94.30% 89.09% 91.34% 95.02% 101.19% 81.81% 84.72% 91.67% 84.53% 83.03%
Earnings before Interest and Taxes (EBIT)
19 43 26 14 -3.45 86 52 28 56 82
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
29 55 38 27 8.26 98 64 37 66 96
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.75 2.11 2.33 2.18 2.45 2.81 3.18 3.62 4.30 4.34
Price to Tangible Book Value (P/TBV)
2.80 3.61 4.00 3.72 4.14 4.57 5.12 5.71 6.73 6.60
Price to Revenue (P/Rev)
1.04 1.56 1.76 1.72 2.00 2.26 2.52 2.82 3.32 3.49
Price to Earnings (P/E)
9.42 20.13 24.28 27.35 35.41 35.66 34.25 30.59 30.61 29.45
Dividend Yield
2.34% 1.92% 1.77% 1.89% 1.68% 1.39% 1.21% 1.04% 0.86% 0.83%
Earnings Yield
10.62% 4.97% 4.12% 3.66% 2.82% 2.80% 2.92% 3.27% 3.27% 3.40%
Enterprise Value to Invested Capital (EV/IC)
1.36 1.58 1.98 1.83 2.07 2.19 2.76 2.93 3.53 3.53
Enterprise Value to Revenue (EV/Rev)
1.08 1.54 1.97 1.93 2.21 2.16 2.63 2.76 3.23 3.31
Enterprise Value to EBITDA (EV/EBITDA)
6.03 12.55 16.09 17.06 22.00 17.04 18.61 19.24 18.47 19.28
Enterprise Value to EBIT (EV/EBIT)
7.00 16.31 21.72 24.90 35.30 23.74 24.55 24.46 22.01 23.14
Enterprise Value to NOPAT (EV/NOPAT)
9.66 21.67 24.60 26.17 38.71 29.41 31.82 34.56 28.84 32.10
Enterprise Value to Operating Cash Flow (EV/OCF)
17.91 0.00 47.11 49.94 209.31 10.56 13.07 7.68 8.54 16.13
Enterprise Value to Free Cash Flow (EV/FCFF)
12.86 26.53 107.66 100.81 45.55 19.13 23.59 29.03 34.62 89.84
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.13 0.10 0.10 0.10 0.11 0.02 0.00 0.02 0.02 0.01
Long-Term Debt to Equity
0.10 0.10 0.10 0.10 0.10 0.00 0.00 0.00 0.00 0.00
Financial Leverage
0.15 0.11 0.11 0.11 0.12 0.06 0.05 0.06 0.06 0.02
Leverage Ratio
1.84 1.91 1.54 1.60 1.66 1.69 1.41 1.49 1.55 1.62
Compound Leverage Factor
1.84 1.91 1.54 1.60 1.66 1.69 1.41 1.49 1.55 1.62
Debt to Total Capital
11.30% 9.37% 9.43% 9.12% 10.09% 2.33% 0.25% 1.61% 1.57% 1.11%
Short-Term Debt to Total Capital
2.00% 0.33% 0.29% 0.09% 0.87% 2.33% 0.25% 1.61% 1.57% 1.11%
Long-Term Debt to Total Capital
9.30% 9.03% 9.13% 9.03% 9.22% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
14.30% 14.45% 14.81% 16.30% 13.60% 16.08% 16.90% 15.74% 14.07% 13.13%
Common Equity to Total Capital
74.40% 76.18% 75.76% 74.58% 76.31% 81.59% 82.85% 82.65% 84.35% 85.76%
Debt to EBITDA
0.50 0.74 0.77 0.85 1.07 0.18 0.02 0.11 0.08 0.06
Net Debt to EBITDA
-0.41 -1.35 0.49 0.40 0.67 -2.06 -0.34 -1.44 -1.24 -1.78
Long-Term Debt to EBITDA
0.41 0.72 0.74 0.84 0.98 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT
0.80 1.28 1.17 1.30 1.89 0.31 0.03 0.19 0.13 0.10
Net Debt to NOPAT
-0.65 -2.33 0.76 0.61 1.17 -3.56 -0.58 -2.59 -1.94 -2.97
Long-Term Debt to NOPAT
0.66 1.24 1.14 1.29 1.73 0.00 0.00 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio
14.14% 14.70% 14.27% 16.70% 15.62% 16.21% 16.66% 16.94% 14.69% 14.80%
Liquidity Ratios
- - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-36 19 -51 -57 -13 118 90 37 12 -49
Operating Cash Flow to CapEx
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.79 0.60 0.74 0.67 0.63 0.62 0.77 0.75 0.76 0.69
Fixed Asset Turnover
29.23 23.76 23.07 21.24 19.85 20.90 22.54 23.81 25.49 25.40
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
1,345 1,384 1,369 1,385 1,356 1,330 1,328 1,363 1,384 1,432
Invested Capital Turnover
1.27 1.04 1.04 0.97 0.94 0.99 1.03 1.05 1.11 1.10
Increase / (Decrease) in Invested Capital
47 19 85 72 11 -53 -40 -22 28 101
Enterprise Value (EV)
1,823 2,192 2,706 2,534 2,803 2,911 3,663 3,989 4,889 5,054
Market Capitalization
1,753 2,228 2,420 2,249 2,534 3,049 3,505 4,074 5,023 5,333
Book Value per Share
$57.38 $59.11 $57.97 $58.21 $58.28 $61.29 $71.01 $63.63 $65.96 $69.06
Tangible Book Value per Share
$35.90 $34.61 $33.79 $34.11 $34.46 $37.69 $44.20 $40.29 $42.18 $45.46
Total Capital
1,345 1,384 1,369 1,385 1,356 1,330 1,328 1,363 1,384 1,432
Total Debt
152 130 129 126 137 31 3.38 22 22 16
Total Long-Term Debt
125 125 125 125 125 0.00 0.00 0.00 0.00 0.00
Net Debt
-123 -236 83 59 85 -352 -67 -299 -328 -467
Capital Expenditures (CapEx)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)
0.00 0.00 0.00 0.00 11 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)
152 130 129 126 137 31 3.38 22 22 16
Total Depreciation and Amortization (D&A)
10 12 12 12 12 12 11 8.81 10 13
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$1.05 $2.81 $1.77 $0.26 $0.26 $3.43 $2.74 $2.19 $2.19 $4.32
Adjusted Weighted Average Basic Shares Outstanding
13.78M 13.98M 14.51M 15.07M 15.11M 14.96M 15.50M 15.88M 15.92M 15.84M
Adjusted Diluted Earnings per Share
$0.87 $2.27 $1.49 $0.23 $0.22 $3.02 $2.43 $1.97 $1.96 $3.88
Adjusted Weighted Average Diluted Shares Outstanding
16.73M 16.97M 17.18M 17.08M 17.26M 17.22M 17.50M 17.63M 17.77M 17.70M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
17.83M 17.89M 17.74M 17.75M 17.71M 17.68M 17.70M 17.70M 17.78M 17.73M
Normalized Net Operating Profit after Tax (NOPAT)
14 40 18 13 -2.42 65 50 15 41 53
Normalized NOPAT Margin
4.34% 10.20% 6.06% 4.43% -0.83% 13.69% 14.45% 4.57% 11.39% 10.85%
Pre Tax Income Margin
5.70% 10.91% 8.66% 4.98% -1.19% 18.19% 15.28% 8.33% 15.47% 16.97%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
79.08% 106.27% 70.02% 84.55% 114.23% 85.32% 60.16% 61.29% 42.09% 46.83%
Augmented Payout Ratio
178.33% 291.42% 192.14% 174.25% 209.73% 156.73% 113.97% 117.21% 79.28% 89.02%

Frequently Asked Questions About Piper Sandler Companies' Financials

When does Piper Sandler Companies's financial year end?

According to the most recent income statement we have on file, Piper Sandler Companies' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Piper Sandler Companies' net income changed over the last 9 years?

Piper Sandler Companies' net income appears to be on an upward trend, with a most recent value of $157.44 million in 2024, rising from $58.48 million in 2015. The previous period was $98.97 million in 2023.

How has Piper Sandler Companies revenue changed over the last 9 years?

Over the last 9 years, Piper Sandler Companies' total revenue changed from $672.92 million in 2015 to $1.53 billion in 2024, a change of 126.8%.

How much debt does Piper Sandler Companies have?

Piper Sandler Companies' total liabilities were at $840.16 million at the end of 2024, a 0.2% decrease from 2023, and a 35.7% decrease since 2015.

How much cash does Piper Sandler Companies have?

In the past 9 years, Piper Sandler Companies' cash and equivalents has ranged from $33.79 million in 2017 to $970.97 million in 2021, and is currently $482.83 million as of their latest financial filing in 2024.

How has Piper Sandler Companies' book value per share changed over the last 9 years?

Over the last 9 years, Piper Sandler Companies' book value per share changed from 51.60 in 2015 to 69.06 in 2024, a change of 33.8%.

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This page (NYSE:PIPR) was last updated on 4/15/2025 by MarketBeat.com Staff
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