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Side-by-side financial comparison of PIPER SANDLER COMPANIES (PIPR) and Reynolds Consumer Products Inc. (REYN). Click either name above to swap in a different company.

Reynolds Consumer Products Inc. is the larger business by last-quarter revenue ($1.0B vs $667.0M, roughly 1.6× PIPER SANDLER COMPANIES). PIPER SANDLER COMPANIES runs the higher net margin — 17.1% vs 11.4%, a 5.7% gap on every dollar of revenue. On growth, PIPER SANDLER COMPANIES posted the faster year-over-year revenue change (37.4% vs 1.2%). Over the past eight quarters, PIPER SANDLER COMPANIES's revenue compounded faster (39.2% CAGR vs 11.4%).

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.

The Rival Company is an American manufacturer of small appliances that produces products under the Bionaire, Crock-Pot, Fasco, Patton, Pollenex, Rival, Simer, and White Mountain brands. It became a wholly owned subsidiary of Holmes Products Corp. in 1999, and later became a brand of Sunbeam Products, a subsidiary of Jarden Corporation, which purchased Holmes in 2005. Jarden, in turn, merged with Newell Rubbermaid in 2016. It is now part of the Newell Brands company.

PIPR vs REYN — Head-to-Head

Bigger by revenue
REYN
REYN
1.6× larger
REYN
$1.0B
$667.0M
PIPR
Growing faster (revenue YoY)
PIPR
PIPR
+36.2% gap
PIPR
37.4%
1.2%
REYN
Higher net margin
PIPR
PIPR
5.7% more per $
PIPR
17.1%
11.4%
REYN
Faster 2-yr revenue CAGR
PIPR
PIPR
Annualised
PIPR
39.2%
11.4%
REYN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PIPR
PIPR
REYN
REYN
Revenue
$667.0M
$1.0B
Net Profit
$114.0M
$118.0M
Gross Margin
25.7%
Operating Margin
28.3%
14.8%
Net Margin
17.1%
11.4%
Revenue YoY
37.4%
1.2%
Net Profit YoY
65.0%
-1.7%
EPS (diluted)
$6.41
$0.55

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
PIPR
PIPR
REYN
REYN
Q4 25
$667.0M
$1.0B
Q3 25
$480.1M
$931.0M
Q2 25
$398.6M
$938.0M
Q1 25
$358.6M
$818.0M
Q4 24
$485.4M
$1.0B
Q3 24
$360.9M
$910.0M
Q2 24
$340.8M
$930.0M
Q1 24
$344.4M
$833.0M
Net Profit
PIPR
PIPR
REYN
REYN
Q4 25
$114.0M
$118.0M
Q3 25
$60.3M
$79.0M
Q2 25
$42.2M
$73.0M
Q1 25
$64.9M
$31.0M
Q4 24
$69.1M
$120.0M
Q3 24
$34.8M
$86.0M
Q2 24
$34.8M
$97.0M
Q1 24
$42.5M
$49.0M
Gross Margin
PIPR
PIPR
REYN
REYN
Q4 25
25.7%
Q3 25
25.0%
Q2 25
24.1%
Q1 25
23.1%
Q4 24
27.6%
Q3 24
26.3%
Q2 24
27.5%
Q1 24
24.1%
Operating Margin
PIPR
PIPR
REYN
REYN
Q4 25
28.3%
14.8%
Q3 25
22.4%
11.0%
Q2 25
12.3%
10.2%
Q1 25
8.2%
5.1%
Q4 24
16.9%
15.5%
Q3 24
15.4%
12.4%
Q2 24
8.3%
12.4%
Q1 24
15.2%
7.8%
Net Margin
PIPR
PIPR
REYN
REYN
Q4 25
17.1%
11.4%
Q3 25
12.6%
8.5%
Q2 25
10.6%
7.8%
Q1 25
18.1%
3.8%
Q4 24
14.2%
11.7%
Q3 24
9.6%
9.5%
Q2 24
10.2%
10.4%
Q1 24
12.3%
5.9%
EPS (diluted)
PIPR
PIPR
REYN
REYN
Q4 25
$6.41
$0.55
Q3 25
$3.38
$0.38
Q2 25
$2.38
$0.35
Q1 25
$3.65
$0.15
Q4 24
$3.88
$0.57
Q3 24
$1.96
$0.41
Q2 24
$1.97
$0.46
Q1 24
$2.43
$0.23

Balance Sheet & Financial Strength

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

Metric
PIPR
PIPR
REYN
REYN
Cash + ST InvestmentsLiquidity on hand
$147.0M
Total DebtLower is stronger
$1.6B
Stockholders' EquityBook value
$1.4B
$2.3B
Total Assets
$2.6B
$4.9B
Debt / EquityLower = less leverage
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PIPR
PIPR
REYN
REYN
Q4 25
$147.0M
Q3 25
$53.0M
Q2 25
$57.0M
Q1 25
$58.0M
Q4 24
$137.0M
Q3 24
$96.0M
Q2 24
$101.0M
Q1 24
$135.0M
Total Debt
PIPR
PIPR
REYN
REYN
Q4 25
$1.6B
Q3 25
$1.6B
Q2 25
$1.6B
Q1 25
$1.6B
Q4 24
$1.7B
Q3 24
$1.7B
Q2 24
$1.8B
Q1 24
$1.8B
Stockholders' Equity
PIPR
PIPR
REYN
REYN
Q4 25
$1.4B
$2.3B
Q3 25
$1.3B
$2.2B
Q2 25
$1.2B
$2.1B
Q1 25
$1.2B
$2.1B
Q4 24
$1.2B
$2.1B
Q3 24
$1.2B
$2.1B
Q2 24
$1.1B
$2.0B
Q1 24
$1.1B
$2.0B
Total Assets
PIPR
PIPR
REYN
REYN
Q4 25
$2.6B
$4.9B
Q3 25
$2.2B
$4.9B
Q2 25
$2.0B
$4.9B
Q1 25
$1.8B
$4.8B
Q4 24
$2.3B
$4.9B
Q3 24
$2.0B
$4.8B
Q2 24
$1.9B
$4.9B
Q1 24
$1.8B
$4.9B
Debt / Equity
PIPR
PIPR
REYN
REYN
Q4 25
0.70×
Q3 25
0.75×
Q2 25
0.76×
Q1 25
0.77×
Q4 24
0.79×
Q3 24
0.84×
Q2 24
0.87×
Q1 24
0.92×

Cash Flow & Capital Efficiency

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

Metric
PIPR
PIPR
REYN
REYN
Operating Cash FlowLast quarter
$729.8M
$237.0M
Free Cash FlowOCF − Capex
$200.0M
FCF MarginFCF / Revenue
19.3%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
6.40×
2.01×
TTM Free Cash FlowTrailing 4 quarters
$316.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PIPR
PIPR
REYN
REYN
Q4 25
$729.8M
$237.0M
Q3 25
$31.9M
$93.0M
Q2 25
$32.1M
$91.0M
Q1 25
$-207.2M
$56.0M
Q4 24
$163.8M
$182.0M
Q3 24
$80.1M
$124.0M
Q2 24
$266.5M
$84.0M
Q1 24
$-197.2M
$99.0M
Free Cash Flow
PIPR
PIPR
REYN
REYN
Q4 25
$200.0M
Q3 25
$48.0M
Q2 25
$51.0M
Q1 25
$17.0M
Q4 24
$141.0M
Q3 24
$93.0M
Q2 24
$65.0M
Q1 24
$70.0M
FCF Margin
PIPR
PIPR
REYN
REYN
Q4 25
19.3%
Q3 25
5.2%
Q2 25
5.4%
Q1 25
2.1%
Q4 24
13.8%
Q3 24
10.2%
Q2 24
7.0%
Q1 24
8.4%
Capex Intensity
PIPR
PIPR
REYN
REYN
Q4 25
3.6%
Q3 25
4.8%
Q2 25
4.3%
Q1 25
4.8%
Q4 24
4.0%
Q3 24
3.4%
Q2 24
2.0%
Q1 24
3.5%
Cash Conversion
PIPR
PIPR
REYN
REYN
Q4 25
6.40×
2.01×
Q3 25
0.53×
1.18×
Q2 25
0.76×
1.25×
Q1 25
-3.19×
1.81×
Q4 24
2.37×
1.52×
Q3 24
2.30×
1.44×
Q2 24
7.66×
0.87×
Q1 24
-4.64×
2.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

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%

REYN
REYN

Reynolds Cooking And Baking$397.0M38%
Hefty Waste And Storage$247.0M24%
Tableware Products$229.0M22%
Presto Products$164.0M16%

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