Piper Sandler Companies Past Earnings Performance
Past criteria checks 5/6
Piper Sandler Companies has been growing earnings at an average annual rate of 5.8%, while the Capital Markets industry saw earnings growing at 5.8% annually. Revenues have been growing at an average rate of 0.05% per year. Piper Sandler Companies's return on equity is 20.9%, and it has net margins of 14%.
Key information
5.76%
Earnings growth rate
0.97%
EPS growth rate
| Capital Markets Industry Growth | 10.26% |
| Revenue growth rate | 0.051% |
| Return on equity | 20.89% |
| Net Margin | 13.97% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
PIPR: Buybacks And Rising Dividend Will Support Future Share Repricing
The latest Narrative Update on Piper Sandler Companies reflects a shift in analyst assumptions that supports a revised price target of $95.13. Analysts point to changes in fair value estimates, discount rate, revenue growth, profit margin outlook, and future P/E expectations as key drivers of the adjustment.Piper Sandler Companies (PIPR) Stock Could Be 80.3% Undervalued After Banking Leadership Reshuffle
Leadership reshuffle puts focus on services, industrials and private equity advisory Piper Sandler Companies (PIPR) stock is in focus after the firm reshaped its investment banking leadership, appointing new co-heads for services and industrials and forming a dedicated private equity advisory group. The reorganization places Rob Parker and Tripp Griffin in charge of services and industrials investment banking. Experienced dealmakers Matt Sznewajs, John Tye and David Lee are set to lead the...Piper Sandler: Strong Advisory Growth, But Cyclicality Still Matters
Summary Piper Sandler Companies is a quality middle-market investment bank, but the current valuation leaves a limited margin of safety. PIPR's revenue growth is driven by advisory services, now comprising over half of total revenues, increasing exposure to deal cycle cyclicality. At a P/E of 18x, above its five-year average, PIPR reflects optimistic M&A growth expectations and is sensitive to any market slowdown. Dividend yield is stable at 1.55%, but not enough to offset share price volatility given high valuation and cyclical risks. Read the full article on Seeking AlphaBank Consolidation And Private Credit Expansion Will Support A Stronger Advisory Franchise
Catalysts About Piper Sandler Companies Piper Sandler Companies is a US investment bank that provides advisory, capital markets, public finance and brokerage services across multiple sectors. What are the underlying business or industry changes driving this perspective?Subdued Growth No Barrier To Piper Sandler Companies' (NYSE:PIPR) Price
Piper Sandler Companies' ( NYSE:PIPR ) price-to-earnings (or "P/E") ratio of 30.7x might make it look like a strong...Piper Sandler: Mid-Market But Better Indexed To Lax FTC (Rating Upgrade)
Summary Piper Sandler Companies is indexed to its coverage of healthcare and depositary institutions, which could work under Trump since they were hampered these last years by antitrust. Corporate financing slowed down again, but was picking up after the close of books in October. Muni financing and fixed income improved with yield curve changes and demand for riskier credit in the current market, evidenced by the low credit spreads. Not sure about the whole sector, and mid-market may not be the correct bet anymore with markets cycling up, but PIPR stock is beginning to look relatively attractive. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
How Piper Sandler Companies makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 2,017 | 282 | 1,324 | 0 |
| 31 Dec 25 | 1,899 | 281 | 1,274 | 0 |
| 30 Sep 25 | 1,717 | 236 | 1,191 | 0 |
| 30 Jun 25 | 1,598 | 211 | 1,127 | 0 |
| 31 Mar 25 | 1,540 | 204 | 1,099 | 0 |
| 31 Dec 24 | 1,526 | 181 | 1,064 | 0 |
| 30 Sep 24 | 1,514 | 164 | 1,011 | 0 |
| 30 Jun 24 | 1,444 | 133 | 997 | 0 |
| 31 Mar 24 | 1,393 | 102 | 960 | 0 |
| 31 Dec 23 | 1,348 | 85 | 999 | 0 |
| 30 Sep 23 | 1,267 | 72 | 964 | 0 |
| 30 Jun 23 | 1,309 | 82 | 993 | 0 |
| 31 Mar 23 | 1,373 | 100 | 1,045 | 0 |
| 31 Dec 22 | 1,426 | 111 | 1,091 | 0 |
| 30 Sep 22 | 1,683 | 186 | 1,221 | 0 |
| 30 Jun 22 | 1,797 | 217 | 1,281 | 0 |
| 31 Mar 22 | 1,953 | 266 | 1,358 | 0 |
| 31 Dec 21 | 2,031 | 279 | 1,383 | 0 |
| 30 Sep 21 | 1,789 | 207 | 1,243 | 0 |
| 30 Jun 21 | 1,647 | 173 | 1,146 | 0 |
| 31 Mar 21 | 1,431 | 105 | 1,031 | 0 |
| 31 Dec 20 | 1,238 | 41 | 945 | 0 |
| 30 Sep 20 | 1,111 | 36 | 851 | 0 |
| 30 Jun 20 | 1,008 | 40 | 770 | 0 |
| 31 Mar 20 | 888 | 51 | 660 | 0 |
| 31 Dec 19 | 835 | 83 | 582 | 0 |
| 30 Sep 19 | 770 | 62 | 548 | 0 |
| 30 Jun 19 | 776 | 65 | 553 | 0 |
| 31 Mar 19 | 766 | 60 | 559 | 0 |
| 31 Dec 18 | 741 | 49 | 550 | 0 |
| 30 Sep 18 | 762 | -15 | 593 | 0 |
| 30 Jun 18 | 797 | -83 | 629 | 0 |
| 31 Mar 18 | 832 | -75 | 655 | 0 |
| 31 Dec 17 | 824 | 20 | 650 | 0 |
| 30 Sep 17 | 861 | -53 | 655 | 0 |
| 30 Jun 17 | 822 | 7 | 623 | 0 |
| 31 Mar 17 | 794 | -7 | 607 | 0 |
| 31 Dec 16 | 747 | -22 | 576 | 0 |
| 30 Sep 16 | 722 | 25 | 548 | 0 |
| 30 Jun 16 | 671 | 20 | 507 | 0 |
| 31 Mar 16 | 665 | 34 | 490 | 0 |
| 31 Dec 15 | 673 | 48 | 480 | 0 |
| 30 Sep 15 | 626 | 48 | 445 | 0 |
Quality Earnings: PIPR has high quality earnings.
Growing Profit Margin: PIPR's current net profit margins (14%) are higher than last year (13.2%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: PIPR's earnings have grown by 5.8% per year over the past 5 years.
Accelerating Growth: PIPR's earnings growth over the past year (38.4%) exceeds its 5-year average (5.8% per year).
Earnings vs Industry: PIPR earnings growth over the past year (38.4%) did not outperform the Capital Markets industry 38.5%.
Return on Equity
High ROE: PIPR's Return on Equity (20.9%) is considered high.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/02 22:17 |
| End of Day Share Price | 2026/07/02 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Piper Sandler Companies is covered by 11 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ebrahim Poonawala | BofA Global Research |
| Devin Ryan | Citizens JMP Securities, LLC |
| James Yaro | Goldman Sachs |