InsiderClue
Stocks · Financials · Security Brokers, Dealers & Flotation Companies

PIPER SANDLER COMPANIES

PIPR Clue Score54
United States Fiscal year ends December CIK 0001230245
$65.28 +1.40% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $65.28 −57.82% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue769.9Net income−22.0EPS, diluted−1.73Fiscal year 2017Revenue843.9 +9.6%Net income−61.9EPS, diluted−4.99Fiscal year 2018Revenue757.5 −10.2%Net income57.0EPS, diluted3.72Fiscal year 2019Revenue846.3 +11.7%Net income111.7 +95.9%EPS, diluted7.69 +106.7%Fiscal year 2020Revenue1,252.7 +48.0%Net income40.5 −63.7%EPS, diluted2.72 −64.6%Fiscal year 2021Revenue2,041.8 +63.0%Net income278.5 +587.6%EPS, diluted16.43 +504.0%Fiscal year 2022Revenue1,435.1 −29.7%Net income110.7 −60.3%EPS, diluted6.52 −60.3%Fiscal year 2023Revenue1,301.4 −9.3%Net income85.5 −22.8%EPS, diluted4.96 −23.9%Fiscal year 2024Revenue1,506.6 +15.8%Net income181.1 +111.9%EPS, diluted10.24 +106.5%Fiscal year 2025Revenue1,834.1 +21.7%Net income281.3 +55.3%EPS, diluted15.82 +54.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 769.9 843.9 757.5 846.3 1,252.7 2,041.8 1,435.1 1,301.4 1,506.6 1,834.1
Growth +9.6% −10.2% +11.7% +48.0% +63.0% −29.7% −9.3% +15.8% +21.7%
Net income −22.0 −61.9 57.0 111.7 40.5 278.5 110.7 85.5 181.1 281.3
Growth +95.9% −63.7% +587.6% −60.3% −22.8% +111.9% +55.3%
EPS, diluted −1.73 −4.99 3.72 7.69 2.72 16.43 6.52 4.96 10.24 15.82
Growth +106.7% −64.6% +504.0% −60.3% −23.9% +106.5% +54.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin−2.9%Fiscal year 2017Net margin−7.3%Fiscal year 2018Net margin7.5%Fiscal year 2019Net margin13.2%Fiscal year 2020Net margin3.2%Fiscal year 2021Net margin13.6%Fiscal year 2022Net margin7.7%Fiscal year 2023Net margin6.6%Fiscal year 2024Net margin12.0%Fiscal year 2025Net margin15.3%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin −2.9% −7.3% 7.5% 13.2% 3.2% 13.6% 7.7% 6.6% 12.0% 15.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow−3.2Buybacks−70.9Dividends paid0.0Fiscal year 2017Operating cash flow203.0Buybacks−25.5Dividends paid−18.9Fiscal year 2018Operating cash flow509.8Buybacks−70.9Dividends paid−47.2Fiscal year 2019Operating cash flow67.8Buybacks−50.6Dividends paid−35.6Fiscal year 2020Operating cash flow779.8Buybacks−22.0Dividends paid−28.2Fiscal year 2021Operating cash flow707.1Buybacks−69.9Dividends paid−99.4Fiscal year 2022Operating cash flow−224.9Buybacks−187.3Dividends paid−107.5Fiscal year 2023Operating cash flow275.6Buybacks−70.7Dividends paid−84.4Fiscal year 2024Operating cash flow313.3Buybacks−66.4Dividends paid−73.7Fiscal year 2025Operating cash flow586.6Buybacks−125.0Dividends paid−114.1
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −3.2 203.0 509.8 67.8 779.8 707.1 −224.9 275.6 313.3 586.6
Buybacks −70.9 −25.5 −70.9 −50.6 −22.0 −69.9 −187.3 −70.7 −66.4 −125.0
Dividends paid 0.0 −18.9 −47.2 −35.6 −28.2 −99.4 −107.5 −84.4 −73.7 −114.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash70.4Shareholders’ equity759.3Fiscal year 2017Cash33.8Shareholders’ equity693.3Fiscal year 2018Cash50.4Shareholders’ equity677.4Fiscal year 2019Cash250.0Total debt175.0Net cash (debt)75.0Shareholders’ equity731.3Debt to equity0.24Fiscal year 2020Cash507.9Total debt195.0Net cash (debt)312.9Shareholders’ equity829.4Debt to equity0.24Fiscal year 2021Cash971.0Total debt125.0Net cash (debt)846.0Shareholders’ equity1,062.2Debt to equity0.12Fiscal year 2022Cash365.6Total debt125.0Net cash (debt)240.6Shareholders’ equity1,054.1Debt to equity0.12Fiscal year 2023Cash383.1Total debt0.0Net cash (debt)383.1Shareholders’ equity1,085.5Debt to equity0.00Fiscal year 2024Cash482.8Shareholders’ equity1,227.8Fiscal year 2025Cash809.4Shareholders’ equity1,371.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 70.4 33.8 50.4 250.0 507.9 971.0 365.6 383.1 482.8 809.4
Total debt n/a n/a n/a 175.0 195.0 125.0 125.0 0.0 n/a n/a
Net cash (debt) n/a n/a n/a 75.0 312.9 846.0 240.6 383.1 n/a n/a
Shareholders’ equity 759.3 693.3 677.4 731.3 829.4 1,062.2 1,054.1 1,085.5 1,227.8 1,371.0
Debt to equity n/a n/a n/a 0.24 0.24 0.12 0.12 0.00 n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
−4.0% 9.4% 9.6% 14.1% 5.5% 21.6% 9.4% 9.4% 14.5% 20.4%
−2.9% −7.3% 7.5% 13.2% 3.2% 13.6% 7.7% 6.6% 12.0% 15.3%
Spending
n/a 67.8% 24.9% 20.7% 28.0% 25.2% 24.7% 19.3% 27.9% 21.5%
Returns
−2.9% −8.9% 8.4% 15.3% 4.9% 26.2% 10.5% 7.9% 14.8% 20.5%
−1.0% −3.1% 4.2% 6.9% 2.0% 10.9% 5.1% 4.0% 8.0% 10.9%
Balance and payout
n/a n/a n/a 0.24 0.24 0.12 0.12 0.00 n/a n/a
61.6% 63.4% 45.7% 50.5% 53.6% 52.2% 42.5% 39.3% 37.2% 39.0%
n/a n/a 82.7% 31.9% 69.6% 35.7% 97.2% 98.8% 40.7% 40.6%