Piper Sandler Companies
Piper Sandler Companies operates as an investment bank and institutional securities firm that serves corporations, private equity groups, public entities, non-profit entities, and institutional investors in the United States and internationally. It offers investment banking services, institutional sales, and trading services for various equity and fixed income products; research services; advisor… Read more
Piper Sandler Companies (PIPR) - Net Assets
Latest net assets as of December 2025: $4.06 Billion USD
Based on the latest financial reports, Piper Sandler Companies (PIPR) has net assets worth $4.06 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.59 Billion) and total liabilities ($-1.46 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.06 Billion |
| % of Total Assets | 156.44% |
| Annual Growth Rate | 10.14% |
| 5-Year Change | 230.59% |
| 10-Year Change | 396.87% |
| Growth Volatility | 38.33 |
Piper Sandler Companies - Net Assets Trend (2000–2025)
This chart illustrates how Piper Sandler Companies's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Piper Sandler Companies (2000–2025)
The table below shows the annual net assets of Piper Sandler Companies from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $4.06 Billion | +186.47% |
| 2024-12-31 | $1.42 Billion | +8.95% |
| 2023-12-31 | $1.30 Billion | +3.62% |
| 2022-12-31 | $1.25 Billion | +2.21% |
| 2021-12-31 | $1.23 Billion | +32.48% |
| 2020-12-31 | $926.08 Million | +14.82% |
| 2019-12-31 | $806.53 Million | +10.42% |
| 2018-12-31 | $730.42 Million | -1.46% |
| 2017-12-31 | $741.24 Million | -9.19% |
| 2016-12-31 | $816.27 Million | -1.99% |
| 2015-12-31 | $832.82 Million | -14.09% |
| 2014-12-31 | $969.46 Million | +9.91% |
| 2013-12-31 | $882.07 Million | +11.63% |
| 2012-12-31 | $790.17 Million | +5.27% |
| 2011-12-31 | $750.60 Million | -7.71% |
| 2010-12-31 | $813.31 Million | +4.46% |
| 2009-12-31 | $778.62 Million | +4.10% |
| 2008-12-31 | $747.96 Million | -18.04% |
| 2007-12-31 | $912.56 Million | -1.29% |
| 2006-12-31 | $924.44 Million | +22.47% |
| 2005-12-31 | $754.83 Million | +4.05% |
| 2004-12-31 | $725.43 Million | +8.31% |
| 2003-12-31 | $669.79 Million | +9.83% |
| 2002-12-31 | $609.86 Million | +61.03% |
| 2001-12-31 | $378.72 Million | +4.52% |
| 2000-12-31 | $362.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Piper Sandler Companies's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 72893100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $728.93 Million | 49.82% |
| Other Comprehensive Income | $1.28 Billion | 87.68% |
| Total Equity | $1.46 Billion | 100.00% |
Piper Sandler Companies Competitors by Market Cap
The table below lists competitors of Piper Sandler Companies ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
M&G Plc
PINK:MGPUF
|
$5.15 Billion |
|
Central Bancompany Inc
PINK:CBCY
|
$5.15 Billion |
|
Giant Network Group Co Ltd
SHE:002558
|
$5.15 Billion |
|
Infratil Ltd
AU:IFT
|
$5.15 Billion |
|
Rumo S.A
OTCGREY:RUMOF
|
$5.14 Billion |
|
JB Hi-Fi Ltd
AU:JBH
|
$5.14 Billion |
|
Scientific Games Corporation
F:TJW
|
$5.14 Billion |
|
Delivery Hero SE
PINK:DLVHF
|
$5.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Piper Sandler Companies's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,227,830,000 to 1,463,164,000, a change of 235,334,000 (19.2%).
- Net income of 281,331,000 contributed positively to equity growth.
- Dividend payments of 114,146,000 reduced retained earnings.
- Share repurchases of 125,043,000 reduced equity.
- Other comprehensive income increased equity by 1,284,017,000.
- Other factors decreased equity by 1,090,825,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $281.33 Million | +19.23% |
| Dividends Paid | $114.15 Million | -7.8% |
| Share Repurchases | $125.04 Million | -8.55% |
| Other Comprehensive Income | $1.28 Billion | +87.76% |
| Other Changes | $-1.09 Billion | -74.55% |
| Total Change | $- | 19.17% |
Book Value vs Market Value Analysis
This analysis compares Piper Sandler Companies's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.63x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 15.70x to 3.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | $19.01 | $298.53 | x |
| 2001-12-31 | $19.64 | $298.53 | x |
| 2002-12-31 | $31.83 | $298.53 | x |
| 2003-12-31 | $34.82 | $298.53 | x |
| 2004-12-31 | $37.40 | $298.53 | x |
| 2005-12-31 | $39.56 | $298.53 | x |
| 2006-12-31 | $48.74 | $298.53 | x |
| 2007-12-31 | $50.37 | $298.53 | x |
| 2008-12-31 | $47.23 | $298.53 | x |
| 2009-12-31 | $48.64 | $298.53 | x |
| 2010-12-31 | $52.89 | $298.53 | x |
| 2011-12-31 | $45.84 | $298.53 | x |
| 2012-12-31 | $46.96 | $298.53 | x |
| 2013-12-31 | $48.78 | $298.53 | x |
| 2014-12-31 | $54.57 | $298.53 | x |
| 2015-12-31 | $54.46 | $298.53 | x |
| 2016-12-31 | $59.41 | $298.53 | x |
| 2017-12-31 | $54.14 | $298.53 | x |
| 2018-12-31 | $50.46 | $298.53 | x |
| 2019-12-31 | $52.47 | $298.53 | x |
| 2020-12-31 | $55.66 | $298.53 | x |
| 2021-12-31 | $62.65 | $298.53 | x |
| 2022-12-31 | $62.13 | $298.53 | x |
| 2023-12-31 | $63.02 | $298.53 | x |
| 2024-12-31 | $69.39 | $298.53 | x |
| 2025-12-31 | $82.27 | $298.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Piper Sandler Companies utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 19.23%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.77%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 1.77x
- Recent ROE (19.23%) is above the historical average (4.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 5.72% | 14.35% | 0.05x | 7.55x | $-15.53 Million |
| 2001 | -13.22% | -52.44% | 0.03x | 7.22x | $-87.92 Million |
| 2002 | 0.02% | 0.01% | 0.37x | 3.36x | $-60.88 Million |
| 2003 | 3.88% | 3.22% | 0.34x | 3.55x | $-40.98 Million |
| 2004 | 6.94% | 11.03% | 0.16x | 3.90x | $-22.19 Million |
| 2005 | 5.31% | 8.83% | 0.19x | 3.12x | $-35.40 Million |
| 2006 | 21.14% | 36.37% | 0.29x | 2.00x | $102.98 Million |
| 2007 | 2.40% | 4.16% | 0.31x | 1.89x | $-69.32 Million |
| 2008 | -24.46% | -58.36% | 0.24x | 1.76x | $-257.77 Million |
| 2009 | 3.90% | 6.24% | 0.29x | 2.19x | $-47.49 Million |
| 2010 | 3.00% | 4.84% | 0.25x | 2.50x | $-56.97 Million |
| 2011 | -14.20% | -22.98% | 0.27x | 2.30x | $-173.86 Million |
| 2012 | 5.63% | 8.25% | 0.24x | 2.85x | $-32.06 Million |
| 2013 | 6.14% | 8.32% | 0.23x | 3.16x | $-28.38 Million |
| 2014 | 7.70% | 9.49% | 0.25x | 3.20x | $-18.82 Million |
| 2015 | 6.65% | 7.56% | 0.32x | 2.73x | $-26.29 Million |
| 2016 | -2.89% | -2.88% | 0.36x | 2.80x | $-97.88 Million |
| 2017 | -8.93% | -7.41% | 0.41x | 2.92x | $-131.27 Million |
| 2018 | 8.42% | 7.87% | 0.54x | 1.99x | $-10.71 Million |
| 2019 | 15.28% | 13.79% | 0.50x | 2.23x | $38.58 Million |
| 2020 | 4.88% | 3.39% | 0.60x | 2.41x | $-42.44 Million |
| 2021 | 26.22% | 14.05% | 0.77x | 2.42x | $172.29 Million |
| 2022 | 10.50% | 8.00% | 0.63x | 2.07x | $5.27 Million |
| 2023 | 7.88% | 6.53% | 0.61x | 1.97x | $-23.06 Million |
| 2024 | 14.75% | 12.23% | 0.66x | 1.84x | $58.33 Million |
| 2025 | 19.23% | 14.77% | 0.73x | 1.77x | $135.01 Million |
Industry Comparison
This section compares Piper Sandler Companies's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $277,925,984
- Average return on equity (ROE) among peers: -4.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Piper Sandler Companies (PIPR) | $4.06 Billion | 5.72% | -0.36x | $5.14 Billion |
| Armada Mercantile Ltd (AAMTF) | $197.80K | -9.79% | 0.44x | $3.53 Million |
| ABG Sundal Collier Holding ASA (ABGSF) | $1.65 Billion | 37.94% | 2.19x | $207.31 Million |
| Athena Bitcoin Global (ABIT) | $-1.06 Million | 0.00% | 0.00x | $16.38 Million |
| ABS-CBN Holdings Corporation (ABSOF) | $0.00 | 0.00% | 0.00x | $5.67 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $204.84 Million |
| Abits Group Inc. (ABTS) | $6.57 Million | -41.72% | 0.18x | $4.62 Million |
| Argentex Group PLC (AGXTF) | $43.40 Million | -3.00% | 2.61x | $4.51 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $4.44 Million |
| Argo Blockchain PLC (ARBKF) | $27.19 Million | -15.14% | 0.01x | $2.16 Million |
| Arcane Crypto AB (ARCNF) | $-17.00K | 0.00% | 0.00x | $1.38 Million |