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PIPER SANDLER COMPANIES

PIPR

$67.15 ▼ -3.07 (-4.37%) at close

19 Visible periods

28 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Excellent

Bullish

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Analytical Summary

PIPER SANDLER COMPANIES shows strong fundamentals with top-quartile Return on Common Equity (%) and Debt to Equity. The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $4.5B

Dividend Yield 2.12%

Revenue Growth 24.3% ↗

Op. Margin —

ROIC —

FCF / Share $8.80 ↗

Trailing P/E 15.9x

Price / Book 3.3x

FCF Yield 13.1%

Debt / Equity 0.01

info Valuation on last close. End-of-day price, Nov 5, 2026.

19-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$1.90B

↑ +24.3% —

Net Income Profit after all expenses

$281.33M

↑ +55.3% —

FCF / Share Free cash flow per share

$8.80

↑ +78.0% —

Long-Term Debt Long-term obligations

$0.00

↓ -100.0% —

trending_up

Bullish Indicators

Debt to EquityDebt to Equity is in the top quartile (lower is better)
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability →

Returns ↓

Financial Health ↓

Cash Quality ↓

Dividend History

Dividend / share · sourced from SEC filings

$1.43 Latest / share

+62.9% YoY

FY 2014

FY 2015

$0.00

FY 2016

$0.31

FY 2017

$0.78

FY 2018

$0.63

FY 2019

$0.50

FY 2020

$1.70

FY 2021

$1.73

FY 2022

$0.91

FY 2023

$0.88

FY 2024

$1.43

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue Growth YoY (%)	24.3% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+305%)	12.8% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+113%)	-5.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-189%)	-29.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-595%)	63.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+950%)	48.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+700%)	11.7% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+95%)	-15.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-356%)	16.3% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+171%)	10.6% Good → Good Stable Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+76%)	3.4% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-43%)	22.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+273%)	6.2% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: At sector avg	11.8% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+96%)	-17.9% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-399%)	16.1% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+168%)	40.3% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+572%)	—	—
EPS Growth YoY (%)	47.6% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	100.0% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	-27.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-59.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	563.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-62.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	109.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	-193.1% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	N/M	-13.9% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	43.7% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	19.5% Good Good Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	-21.2% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	—	—
Net Income Growth YoY (%)	55.3% Excellent ↑ Excellent Improving Year-over-year change in net income	111.9% Excellent ↓ Excellent Declining Year-over-year change in net income	-22.8% Weak ↓ Weak Declining Year-over-year change in net income	-60.3% Weak ↓ Weak Declining Year-over-year change in net income	587.6% Excellent ↑ Excellent Improving Year-over-year change in net income	-63.7% Weak ↓ Weak Declining Year-over-year change in net income	95.9% Excellent Excellent Year-over-year change in net income	N/M	-182.2% Weak ↓ Weak Declining Year-over-year change in net income	N/M	-17.6% Weak ↓ Weak Declining Year-over-year change in net income	40.1% Excellent Excellent Year-over-year change in net income	9.3% Fair Fair Year-over-year change in net income	N/M	N/M	-19.8% Weak Weak Year-over-year change in net income	N/M	—	—
FCF Growth YoY (%)	78.0% Excellent Excellent Year-over-year change in free cash flow	7.3% Fair Fair Year-over-year change in free cash flow	N/M	N/M	-12.4% Weak ↓ Weak Declining Year-over-year change in free cash flow	1031.3% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-87.0% Weak ↓ Weak Declining Year-over-year change in free cash flow	142.9% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	312.0% Excellent Excellent Year-over-year change in free cash flow	-85.4% Weak Weak Year-over-year change in free cash flow	N/M	N/M	N/M	N/M	N/M	65.0% Excellent Excellent Year-over-year change in free cash flow	N/M	—	—
Revenue CAGR 3Y (%)	9.9% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	-9.1% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.7% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	19.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	39.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	11.9% Good ↑ Good Improving Compound annual revenue growth over 3 years	3.2% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	2.8% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	10.0% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	11.8% Good ↑ Good Improving Compound annual revenue growth over 3 years	10.3% Good ↑ Good Improving Compound annual revenue growth over 3 years	13.2% Good ↑ Good Improving Compound annual revenue growth over 3 years	-0.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.1% Caution Caution Compound annual revenue growth over 3 years	10.1% Good Good Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	8.7% Good ↓ Good Declining Compound annual revenue growth over 5 years	12.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	12.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	9.9% Good ↓ Good Declining Compound annual revenue growth over 5 years	21.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	12.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	4.7% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	6.6% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	11.6% Good ↑ Good Improving Compound annual revenue growth over 5 years	10.7% Good ↑ Good Improving Compound annual revenue growth over 5 years	4.3% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	6.7% Fair Fair Compound annual revenue growth over 5 years	9.7% Good Good Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	28.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-16.3% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	24.8% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	0.1% Caution Caution Compound annual EPS growth over 3 years	72.8% Excellent Excellent Compound annual EPS growth over 3 years	—	—	4.2% Caution Caution Compound annual EPS growth over 3 years	—	—	13.9% Good ↓ Good Declining Compound annual EPS growth over 3 years	—	30.0% Excellent Excellent Compound annual EPS growth over 3 years	13.2% Good Good Compound annual EPS growth over 3 years	—	—	—	—	—

💰 Are margins durable? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Effective Tax Rate (%) (%)	21.5% Fair ↓ Fair Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	27.9% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	19.3% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.7% Fair → Fair Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.2% Caution → Caution Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	28.0% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.7% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	24.9% Fair ↑ Fair Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-103.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	55.5% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	32.3% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	32.6% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	27.0% Caution Caution Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—
Profit Margin (%) (%)	14.8% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-33%)	11.8% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-46%)	6.3% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-71%)	7.7% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-65%)	13.6% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-38%)	3.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-85%)	13.2% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-40%)	7.5% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-66%)	-6.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-131%)	-2.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-113%)	7.5% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-66%)	9.4% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-57%)	8.2% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-63%)	8.0% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-64%)	-22.0% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-200%)	4.3% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-80%)	6.2% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-72%)	-52.7% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-340%)	—
FCF Margin (%) (%)	30.8% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	20.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	20.3% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	-15.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	34.6% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	62.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	8.0% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	67.3% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	22.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	6.3% Caution ↓ Caution Declining Free cash flow as a percentage of revenue Optimal: > 10%	54.5% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	-7.4% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	7.7% Caution ↑ Caution Improving Free cash flow as a percentage of revenue Optimal: > 10%	-41.3% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	42.6% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	-7.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-24.7% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	17.2% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	2.09x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.73x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	3.22x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	-2.03x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	2.54x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	19.25x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.61x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	8.94x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-3.28x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-2.22x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	7.29x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	-0.79x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	0.94x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	-5.18x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	-1.94x Weak → Weak Stable Free cash flow relative to reported net income Optimal: > 1x	-1.66x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-3.96x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	-0.33x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 1 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Return on Common Equity (%) (%)	20.5% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+71%)	14.8% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+23%)	7.9% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-34%)	10.5% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-13%)	26.2% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+119%)	4.9% Weak → Weak Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-59%)	15.3% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+27%)	8.4% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-30%)	-8.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-174%)	-2.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-124%)	6.6% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-45%)	7.7% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-36%)	6.1% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-49%)	5.6% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-53%)	-14.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-218%)	3.0% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-75%)	3.9% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-67%)	-24.5% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-304%)	—

⚖️ Is the balance sheet risky? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Debt to Equity (x)	0.01x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-99%)	0.01x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-99%)	0.03x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-98%)	0.12x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-90%)	0.12x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-90%)	0.24x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-80%)	0.31x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-74%)	0.07x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-94%)	0.42x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-65%)	0.55x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-54%)	0.57x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-53%)	0.46x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-62%)	0.70x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-42%)	0.65x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-46%)	0.39x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-67%)	0.39x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-67%)	0.12x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-90%)	—	—
Net Debt (USD)	$15.00M	$10.00M	$30.00M	$125.00M	$-845.97M	$-312.94M	$-25.04M	$-411.00K	$256.14M	$377.47M	$256.28M	$361.90M	$391.03M	$371.64M	$198.68M	$267.99M	$46.14M	$-49.85M	$-150.35M

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue per Share (USD)	$28.58	$24.18	$22.70	$25.66	$35.78	$22.72	$15.61	$14.31	$17.47	$15.19	$12.12	$11.24	$9.14	$8.30	$7.40	$9.20	$7.63	$5.48	—
Basic EPS, GAAP (USD)	$4.22	$2.86	$1.43	$1.98	$4.88	$0.73	$1.98	$0.94	$-1.27	$-0.43	$0.83	$0.97	$0.68	$0.56	$-1.63	$0.31	$0.39	$-2.89	—
Free Cash Flow per Share (USD)	$8.80	$4.94	$4.61	$-4.02	$12.39	$14.15	$1.25	$9.63	$3.96	$0.96	$6.60	$-0.84	$0.70	$-3.42	$3.15	$-0.66	$-1.88	$0.94	—
Dividend per Share (USD)	$1.43	$0.88	$0.91	$1.73	$1.70	$0.50	$0.63	$0.78	$0.31	$0.00	—	—	—	—	—	—	—	—	—
Book Value per Share (USD)	$20.32	$19.05	$17.85	$19.27	$18.79	$15.05	$13.33	$13.03	$13.43	$15.32	$14.72	$13.43	$12.77	$12.05	$11.40	$13.88	$12.45	$11.81	—
Tangible Book Value per Share (USD)	$14.11	$12.54	$10.98	$11.29	$12.65	$8.20	$11.43	$11.38	$11.40	$10.61	$10.05	$9.46	$8.41	$8.14	$7.51	$7.36	$9.63	$11.81	—
Basic Weighted Avg Shares (shares)	66.63M	63.35M	59.83M	55.93M	57.06M	55.12M	54.22M	52.94M	51.23M	50.70M	57.47M	59.88M	60.18M	62.46M	62.69M	61.39M	63.81M	63.35M	—
Dividend Payout Ratio (%)	33.7% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	30.6% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	63.8% Fair → Fair Stable Dividends paid as a percentage of earnings Optimal: 30-60%	87.1% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	34.8% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	68.0% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	31.8% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	82.5% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-24.7% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	0.0% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
LT Debt (USD)	—	—	$0.00	$125.00M	$125.00M	$195.00M	$175.00M	—	—	—	—	—	—	$0.00	$115.00M	$125.00M	$0.00	—	—
Total Equity (USD)	$1.37B	$1.23B	$1.09B	$1.05B	$1.06B	$829.42M	$731.28M	$677.44M	$693.33M	$759.25M	$783.66M	$819.91M	$734.68M	$733.29M	$718.39M	$813.31M	$778.62M	$747.98M	$895.15M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Sales/Revenue/Turnover (USD)	$1.90B	$1.53B	$1.36B	$1.44B	$2.04B	$1.25B	$846.30M	$757.50M	$895.19M	$769.87M	$696.32M	$673.21M	$550.23M	$518.24M	$463.66M	$565.06M	$486.88M	$346.93M	—
Depreciation Expense (USD)	$17.40M	$16.80M	$17.90M	$15.60M	$12.60M	$10.70M	$9.30M	$8.10M	$7.30M	$6.40M	$5.10M	$5.30M	$5.60M	$6.50M	$6.60M	$7.20M	$7.21M	$8.95M	—
Net Income, GAAP (USD)	$281.33M	$181.11M	$85.49M	$110.67M	$278.51M	$40.50M	$111.71M	$57.04M	$-61.94M	$-21.95M	$52.08M	$63.17M	$45.09M	$41.27M	$-102.02M	$24.36M	$30.37M	$-182.97M	—
Operating Cash Flow (USD)	$586.63M	$313.25M	$275.63M	$-224.91M	$707.09M	$779.76M	$67.80M	$509.80M	$203.10M	$48.78M	$379.52M	$-50.07M	$42.16M	$-211.78M	$205.33M	$-28.77M	$-116.57M	$62.12M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 4 days ago 19 years · 72 quarters

PIPER SANDLER COMPANIES

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