Piper Sandler Companies — Earnings Quality Grade B
PIPR · Financial Services
Generally healthy
Screening Summary
管理层信号
数据来源：SEC EDGAR 8-K Item 5.02，附 Exhibit 99.1 链接
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 17 days, change -7 days YoY
AR growth -9.6% vs revenue growth 24.4%
Revenue 24.4%, CFFO 87.3%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 123.7% is >2x revenue growth 24.4%
Insufficient data
Insufficient data
Cash Flow Quality
CFFO/NI = 2.09. Profits backed by cash
FCF $0.6B, FCF/NI = 1.96
Accruals ratio = -11.8%. Low accruals
Cash $0.8B covers debt $0.1B
Balance Sheet Health
Goodwill+Intangibles $0.4B = 31% of equity
Insufficient data
Insufficient data
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -0% YoY. Normal
Manipulation Score
Insufficient data
Altman Z-Score — Not Applicable
Piper Sandler Companies is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25