PIPR vs. SF

Last updated Apr 1, 2026

Compare and contrast key facts about Piper Sandler Companies (PIPR) and Stifel Financial Corp. (SF).

Performance

PIPR vs. SF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Piper Sandler Companies (PIPR) and Stifel Financial Corp. (SF). The values are adjusted to include any dividend payments, if applicable.

PIPR vs. SF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PIPR Piper Sandler Companies	-8.14%	15.52%	74.24%	37.78%	-23.41%	85.33%	29.64%	23.88%	-20.69%	21.22%
SF Stifel Financial Corp.	-11.04%	20.07%	56.37%	21.24%	-15.57%	40.79%	26.32%	47.99%	-29.86%	19.71%

Fundamentals

Market Cap PIPR : $1.36B SF : $8.16B
EPS PIPR : $15.82 SF : $6.23
PE Ratio PIPR : 4.84 SF : 11.86
PS Ratio PIPR : 0.73 SF : 1.29
PB Ratio PIPR : 0.93 SF : 1.54
Total Revenue (TTM) PIPR : $1.87B SF : $6.30B
Gross Profit (TTM) PIPR : $1.84B SF : $5.45B
EBITDA (TTM) PIPR : $394.92M SF : $933.50M

Returns By Period

In the year-to-date period, PIPR achieves a -8.14% return, which is significantly higher than SF's -11.04% return. Over the past 10 years, PIPR has outperformed SF with an annualized return of 23.53%, while SF has yielded a comparatively lower 20.36% annualized return.

PIPR

• 1D: 3.22%
• 1M: 5.58%
• YTD: -8.14%
• 6M: -9.88%
• 1Y: 26.85%
• 3Y*: 33.19%
• 5Y*: 26.02%
• 10Y*: 23.53%

SF

• 1D: 2.87%
• 1M: 0.28%
• YTD: -11.04%
• 6M: -1.46%
• 1Y: 19.68%
• 3Y*: 25.77%
• 5Y*: 13.00%
• 10Y*: 20.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PIPR vs. SF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PIPR

PIPR Risk / Return Rank: 64
PIPR Sharpe Ratio Rank: 66
PIPR Sortino Ratio Rank: 61
PIPR Omega Ratio Rank: 61
PIPR Calmar Ratio Rank: 65
PIPR Martin Ratio Rank: 67

SF

SF Risk / Return Rank: 61
SF Sharpe Ratio Rank: 63
SF Sortino Ratio Rank: 56
SF Omega Ratio Rank: 58
SF Calmar Ratio Rank: 63
SF Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PIPR vs. SF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Piper Sandler Companies (PIPR) and Stifel Financial Corp. (SF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	PIPR	SF	Difference
Sharpe ratio Return per unit of total volatility	0.69	0.59	+0.10
Sortino ratio Return per unit of downside risk	1.19	1.00	+0.19
Omega ratio Gain probability vs. loss probability	1.16	1.14	+0.02
Calmar ratio Return relative to maximum drawdown	1.10	0.96	+0.14
Martin ratio Return relative to average drawdown	2.86	2.63	+0.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PIPR vs. SF - Sharpe Ratio Comparison

The current PIPR Sharpe Ratio is 0.69, which is comparable to the SF Sharpe Ratio of 0.59. The chart below compares the historical Sharpe Ratios of PIPR and SF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PIPR	SF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	0.59	+0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.42	+0.33
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.58	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.24	-0.01

Correlation

The correlation between PIPR and SF is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

PIPR vs. SF - Dividend Comparison

PIPR's dividend yield for the trailing twelve months is around 2.53%, more than SF's 1.70% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
PIPR Piper Sandler Companies	2.53%	1.68%	1.17%	2.09%	5.30%	3.81%	1.98%	1.88%	4.74%	1.45%
SF Stifel Financial Corp.	1.70%	1.47%	1.58%	2.08%	2.06%	0.85%	0.90%	0.99%	1.16%	0.34%

Drawdowns

PIPR vs. SF - Drawdown Comparison

The maximum PIPR drawdown since its inception was -76.97%, roughly equal to the maximum SF drawdown of -78.37%. Use the drawdown chart below to compare losses from any high point for PIPR and SF.

Drawdown Indicators

	PIPR	SF	Difference
Max Drawdown Largest peak-to-trough decline	-76.97%	-78.37%	+1.40%
Max Drawdown (1Y) Largest decline over 1 year	-24.56%	-21.01%	-3.55%
Max Drawdown (5Y) Largest decline over 5 years	-42.30%	-36.25%	-6.05%
Max Drawdown (10Y) Largest decline over 10 years	-63.02%	-51.89%	-11.13%
Current Drawdown Current decline from peak	-17.46%	-16.39%	-1.07%
Average Drawdown Average peak-to-trough decline	-30.78%	-29.24%	-1.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.42%	7.69%	+1.73%

Volatility

PIPR vs. SF - Volatility Comparison

Piper Sandler Companies (PIPR) has a higher volatility of 8.35% compared to Stifel Financial Corp. (SF) at 6.53%. This indicates that PIPR's price experiences larger fluctuations and is considered to be riskier than SF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PIPR	SF	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.35%	6.53%	+1.82%
Volatility (6M) Calculated over the trailing 6-month period	26.94%	19.79%	+7.15%
Volatility (1Y) Calculated over the trailing 1-year period	39.30%	33.53%	+5.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.04%	31.23%	+3.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.00%	35.51%	+1.49%

Financials

PIPR vs. SF - Profitability Comparison

The chart below illustrates the profitability comparison between Piper Sandler Companies and Stifel Financial Corp. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

PIPR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Piper Sandler Companies reported a gross profit of 635.18M and revenue of 666.99M. Therefore, the gross margin over that period was 95.2%.

SF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Stifel Financial Corp. reported a gross profit of 1.56B and revenue of 1.75B. Therefore, the gross margin over that period was 89.0%.

PIPR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Piper Sandler Companies reported an operating income of 189.81M and revenue of 666.99M, resulting in an operating margin of 28.5%.

SF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Stifel Financial Corp. reported an operating income of 307.91M and revenue of 1.75B, resulting in an operating margin of 17.6%.

PIPR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Piper Sandler Companies reported a net income of 113.97M and revenue of 666.99M, resulting in a net margin of 17.1%.

SF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Stifel Financial Corp. reported a net income of 264.36M and revenue of 1.75B, resulting in a net margin of 15.1%.