15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 18.7% per year over the past 5 years.
Net income has grown faster than revenue (47.3% vs 18.7% per year).
Free cash flow has declined 56.9% per year over the past 5 years.
Financial health
Total debt has grown slower than revenue (-39.6% vs 18.7% per year).
Shareholder returns
Dividends have been paid for 9 consecutive years, consuming 40.6% of earnings.
The dividend has grown 32.3% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$1.8B
$281M
0.0%
0.0%
—
—
$809M
2024
$1.5B
$181M
0.0%
0.0%
—
—
$483M
2023
$1.3B
$99M
0.0%
0.0%
—
$30M
$383M
2022
—
$101M
—
—
—
$125M
$366M
2021
—
$330M
—
—
—
$125M
$971M
2020
—
$41M
—
—
—
$195M
$508M
2019
—
$112M
—
—
—
$225M
$250M
2018
—
$57M
—
—
—
—
$50M
2017
—
-$62M
—
—
—
—
$34M
2016
—
-$22M
—
—
—
—
$70M
2015
—
$52M
—
—
—
—
$271M
2014
—
$63M
—
—
—
—
—
2013
—
$45M
—
—
$37M
—
—
2012
—
$41M
—
—
-$214M
$477M
—
2011
—
-$102M
—
—
$198M
$284M
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$459M
$65M
0.0%
0.0%
—
—
$344M
Dec '25
—
$114M
—
—
—
—
$809M
Sep '25
—
$60M
—
—
—
—
$114M
Jun '25
—
$42M
—
—
—
—
$123M
Mar '25
$378M
$65M
0.0%
0.0%
—
—
$126M
Dec '24
—
$69M
—
—
—
—
$483M
Sep '24
—
$35M
—
—
—
—
$350M
Jun '24
—
$35M
—
—
—
—
$321M
Mar '24
—
$42M
—
—
—
—
$70M
Dec '23
—
$52M
—
—
—
$30M
$383M
Sep '23
—
$4M
—
—
—
$125M
$52M
Jun '23
—
$4M
—
—
—
$125M
$67M
Mar '23
—
$26M
—
—
—
$125M
$46M
Dec '22
—
$38M
—
—
—
$125M
$366M
Sep '22
—
$15M
—
—
—
$125M
$274M
Jun '22
—
$21M
—
—
—
$125M
$238M
Mar '22
—
$37M
—
—
—
$125M
$247M
Dec '21
—
$114M
—
—
—
$125M
$971M
Sep '21
—
$46M
—
—
—
$175M
$571M
Jun '21
—
$70M
—
—
—
$175M
$398M
Valuation over time
How the market has priced PIPR against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 24.3× (Mar '23) to 19.6× (Jun '26).
The price-to-sales ratio has risen from 2.4× (Jan '24) to 3.0× (Jun '26).
The dividend yield has fallen from 4.4% (Mar '23) to 2.1% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is PIPR growing its revenue and profit?
Over the past 5 years, Piper Sandler Companies's revenue has grown 18.7% per year, and net income grown 47.3% per year. These are computed facts, not advice.
How much debt does PIPR have?
As of FY2025, Piper Sandler Companies reported — of total debt against $809M of cash.
What is PIPR's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 15.3%.
What is PIPR's P/E ratio?
As of Jun '26, Piper Sandler Companies traded at a price-to-earnings ratio of about 19.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.