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Side-by-side financial comparison of Hologic (HOLX) and PIPER SANDLER COMPANIES (PIPR). Click either name above to swap in a different company.

Hologic is the larger business by last-quarter revenue ($1.0B vs $667.0M, roughly 1.6× PIPER SANDLER COMPANIES). Hologic runs the higher net margin — 17.1% vs 17.1%, a 0.0% gap on every dollar of revenue. On growth, PIPER SANDLER COMPANIES posted the faster year-over-year revenue change (37.4% vs 2.5%). Over the past eight quarters, PIPER SANDLER COMPANIES's revenue compounded faster (39.2% CAGR vs 1.5%).

Hologic, Inc. is an American medical technology company primarily focused on women's health; it sells medical devices for diagnostics, surgery, and medical imaging.

Piper Sandler Companies is an American multinational investment bank and financial services company, focused on mergers and acquisitions, financial restructuring, public offerings, public finance, institutional brokerage, investment management, and securities research. Through its principal subsidiary, Piper Sandler & Co., the company targets corporations, institutional investors, and public entities.

HOLX vs PIPR — Head-to-Head

Bigger by revenue
HOLX
HOLX
1.6× larger
HOLX
$1.0B
$667.0M
PIPR
Growing faster (revenue YoY)
PIPR
PIPR
+34.9% gap
PIPR
37.4%
2.5%
HOLX
Higher net margin
HOLX
HOLX
0.0% more per $
HOLX
17.1%
17.1%
PIPR
Faster 2-yr revenue CAGR
PIPR
PIPR
Annualised
PIPR
39.2%
1.5%
HOLX

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HOLX
HOLX
PIPR
PIPR
Revenue
$1.0B
$667.0M
Net Profit
$179.1M
$114.0M
Gross Margin
56.0%
Operating Margin
22.6%
28.3%
Net Margin
17.1%
17.1%
Revenue YoY
2.5%
37.4%
Net Profit YoY
-10.9%
65.0%
EPS (diluted)
$0.79
$6.41

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
HOLX
HOLX
PIPR
PIPR
Q4 25
$1.0B
$667.0M
Q3 25
$1.0B
$480.1M
Q2 25
$1.0B
$398.6M
Q1 25
$1.0B
$358.6M
Q4 24
$1.0B
$485.4M
Q3 24
$988.0M
$360.9M
Q2 24
$1.0B
$340.8M
Q1 24
$1.0B
$344.4M
Net Profit
HOLX
HOLX
PIPR
PIPR
Q4 25
$179.1M
$114.0M
Q3 25
$187.2M
$60.3M
Q2 25
$194.9M
$42.2M
Q1 25
$-17.4M
$64.9M
Q4 24
$201.0M
$69.1M
Q3 24
$178.6M
$34.8M
Q2 24
$194.5M
$34.8M
Q1 24
$169.9M
$42.5M
Gross Margin
HOLX
HOLX
PIPR
PIPR
Q4 25
56.0%
Q3 25
55.6%
Q2 25
56.3%
Q1 25
37.5%
Q4 24
56.8%
Q3 24
56.4%
Q2 24
55.4%
Q1 24
53.3%
Operating Margin
HOLX
HOLX
PIPR
PIPR
Q4 25
22.6%
28.3%
Q3 25
22.6%
22.4%
Q2 25
24.9%
12.3%
Q1 25
-0.7%
8.2%
Q4 24
22.5%
16.9%
Q3 24
23.3%
15.4%
Q2 24
24.1%
8.3%
Q1 24
20.7%
15.2%
Net Margin
HOLX
HOLX
PIPR
PIPR
Q4 25
17.1%
17.1%
Q3 25
17.8%
12.6%
Q2 25
19.0%
10.6%
Q1 25
-1.7%
18.1%
Q4 24
19.7%
14.2%
Q3 24
18.1%
9.6%
Q2 24
19.2%
10.2%
Q1 24
16.7%
12.3%
EPS (diluted)
HOLX
HOLX
PIPR
PIPR
Q4 25
$0.79
$6.41
Q3 25
$0.84
$3.38
Q2 25
$0.86
$2.38
Q1 25
$-0.08
$3.65
Q4 24
$0.87
$3.88
Q3 24
$0.75
$1.96
Q2 24
$0.82
$1.97
Q1 24
$0.72
$2.43

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HOLX
HOLX
PIPR
PIPR
Cash + ST InvestmentsLiquidity on hand
$2.4B
Total DebtLower is stronger
$2.5B
Stockholders' EquityBook value
$5.2B
$1.4B
Total Assets
$9.2B
$2.6B
Debt / EquityLower = less leverage
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HOLX
HOLX
PIPR
PIPR
Q4 25
$2.4B
Q3 25
$2.2B
Q2 25
$1.9B
Q1 25
$1.6B
Q4 24
$2.0B
Q3 24
$2.3B
Q2 24
$2.4B
Q1 24
$2.2B
Total Debt
HOLX
HOLX
PIPR
PIPR
Q4 25
$2.5B
Q3 25
$2.5B
Q2 25
$2.5B
Q1 25
$2.5B
Q4 24
$2.5B
Q3 24
$2.5B
Q2 24
$2.5B
Q1 24
$2.6B
Stockholders' Equity
HOLX
HOLX
PIPR
PIPR
Q4 25
$5.2B
$1.4B
Q3 25
$5.0B
$1.3B
Q2 25
$4.8B
$1.2B
Q1 25
$4.6B
$1.2B
Q4 24
$4.8B
$1.2B
Q3 24
$5.1B
$1.2B
Q2 24
$5.0B
$1.1B
Q1 24
$4.8B
$1.1B
Total Assets
HOLX
HOLX
PIPR
PIPR
Q4 25
$9.2B
$2.6B
Q3 25
$9.0B
$2.2B
Q2 25
$8.8B
$2.0B
Q1 25
$8.5B
$1.8B
Q4 24
$8.7B
$2.3B
Q3 24
$9.2B
$2.0B
Q2 24
$8.9B
$1.9B
Q1 24
$8.7B
$1.8B
Debt / Equity
HOLX
HOLX
PIPR
PIPR
Q4 25
0.48×
Q3 25
0.50×
Q2 25
0.52×
Q1 25
0.55×
Q4 24
0.53×
Q3 24
0.49×
Q2 24
0.51×
Q1 24
0.53×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HOLX
HOLX
PIPR
PIPR
Operating Cash FlowLast quarter
$229.9M
$729.8M
Free Cash FlowOCF − Capex
$215.2M
FCF MarginFCF / Revenue
20.5%
Capex IntensityCapex / Revenue
1.4%
Cash ConversionOCF / Net Profit
1.28×
6.40×
TTM Free Cash FlowTrailing 4 quarters
$1.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HOLX
HOLX
PIPR
PIPR
Q4 25
$229.9M
$729.8M
Q3 25
$355.1M
$31.9M
Q2 25
$343.3M
$32.1M
Q1 25
$169.4M
$-207.2M
Q4 24
$189.3M
$163.8M
Q3 24
$367.0M
$80.1M
Q2 24
$405.8M
$266.5M
Q1 24
$292.4M
$-197.2M
Free Cash Flow
HOLX
HOLX
PIPR
PIPR
Q4 25
$215.2M
Q3 25
$341.4M
Q2 25
$330.5M
Q1 25
$153.9M
Q4 24
$172.5M
Q3 24
$350.6M
Q2 24
$385.3M
Q1 24
$279.6M
FCF Margin
HOLX
HOLX
PIPR
PIPR
Q4 25
20.5%
Q3 25
32.5%
Q2 25
32.3%
Q1 25
15.3%
Q4 24
16.9%
Q3 24
35.5%
Q2 24
38.1%
Q1 24
27.5%
Capex Intensity
HOLX
HOLX
PIPR
PIPR
Q4 25
1.4%
Q3 25
1.3%
Q2 25
1.3%
Q1 25
1.5%
Q4 24
1.6%
Q3 24
1.7%
Q2 24
2.0%
Q1 24
1.3%
Cash Conversion
HOLX
HOLX
PIPR
PIPR
Q4 25
1.28×
6.40×
Q3 25
1.90×
0.53×
Q2 25
1.76×
0.76×
Q1 25
-3.19×
Q4 24
0.94×
2.37×
Q3 24
2.05×
2.30×
Q2 24
2.09×
7.66×
Q1 24
1.72×
-4.64×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HOLX
HOLX

Molecular Diagnostics$255.3M24%
Breast Imaging$219.9M21%
Services$216.4M21%
Capital Equipment Componentsand Software$187.2M18%
Cytology Perinatal$76.0M7%
Interventional Breast Solutions$71.2M7%
Blood Screening$8.4M1%
Other Typeof Revenue$5.4M1%

PIPR
PIPR

Advisory Services$402.6M60%
Equities Financing$66.7M10%
Equity Salesand Trading$64.2M10%
Fixed Income Salesand Trading$47.9M7%
Other$46.7M7%
Debt Financing$38.9M6%

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