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Side-by-side financial comparison of PIPER SANDLER COMPANIES (PIPR) and SiteOne Landscape Supply, Inc. (SITE). Click either name above to swap in a different company.

SiteOne Landscape Supply, Inc. is the larger business by last-quarter revenue ($940.1M vs $667.0M, roughly 1.4× PIPER SANDLER COMPANIES). On growth, PIPER SANDLER COMPANIES posted the faster year-over-year revenue change (37.4% vs 0.1%). Over the past eight quarters, PIPER SANDLER COMPANIES's revenue compounded faster (39.2% CAGR vs -18.5%).

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.

SiteOne Landscape Supply, Inc. is a leading North American wholesale distributor of landscape supplies. Its offerings cover irrigation components, outdoor lighting, hardscape materials, nursery plants, landscaping tools and related accessories. It mainly serves professional landscapers, contractors, golf course operators, municipal maintenance teams, with a wide branch network across the U.S. and Canada.

PIPR vs SITE — Head-to-Head

Bigger by revenue
SITE
SITE
1.4× larger
SITE
$940.1M
$667.0M
PIPR
Growing faster (revenue YoY)
PIPR
PIPR
+37.3% gap
PIPR
37.4%
0.1%
SITE
Faster 2-yr revenue CAGR
PIPR
PIPR
Annualised
PIPR
39.2%
-18.5%
SITE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
PIPR
PIPR
SITE
SITE
Revenue
$667.0M
$940.1M
Net Profit
$114.0M
Gross Margin
33.9%
Operating Margin
28.3%
Net Margin
17.1%
Revenue YoY
37.4%
0.1%
Net Profit YoY
65.0%
EPS (diluted)
$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
PIPR
PIPR
SITE
SITE
Q1 26
$940.1M
Q4 25
$667.0M
$1.0B
Q3 25
$480.1M
$1.3B
Q2 25
$398.6M
$1.5B
Q1 25
$358.6M
$939.4M
Q4 24
$485.4M
$1.0B
Q3 24
$360.9M
$1.2B
Q2 24
$340.8M
$1.4B
Net Profit
PIPR
PIPR
SITE
SITE
Q1 26
Q4 25
$114.0M
$-9.0M
Q3 25
$60.3M
$59.1M
Q2 25
$42.2M
$129.0M
Q1 25
$64.9M
$-27.3M
Q4 24
$69.1M
$-21.7M
Q3 24
$34.8M
$44.4M
Q2 24
$34.8M
$120.2M
Gross Margin
PIPR
PIPR
SITE
SITE
Q1 26
33.9%
Q4 25
34.1%
Q3 25
34.7%
Q2 25
36.4%
Q1 25
33.0%
Q4 24
33.3%
Q3 24
34.0%
Q2 24
36.1%
Operating Margin
PIPR
PIPR
SITE
SITE
Q1 26
Q4 25
28.3%
-0.5%
Q3 25
22.4%
6.8%
Q2 25
12.3%
12.8%
Q1 25
8.2%
-3.1%
Q4 24
16.9%
-2.5%
Q3 24
15.4%
5.8%
Q2 24
8.3%
12.0%
Net Margin
PIPR
PIPR
SITE
SITE
Q1 26
Q4 25
17.1%
-0.9%
Q3 25
12.6%
4.7%
Q2 25
10.6%
8.8%
Q1 25
18.1%
-2.9%
Q4 24
14.2%
-2.1%
Q3 24
9.6%
3.7%
Q2 24
10.2%
8.5%
EPS (diluted)
PIPR
PIPR
SITE
SITE
Q1 26
Q4 25
$6.41
$-0.19
Q3 25
$3.38
$1.31
Q2 25
$2.38
$2.86
Q1 25
$3.65
$-0.61
Q4 24
$3.88
$-0.46
Q3 24
$1.96
$0.97
Q2 24
$1.97
$2.63

Balance Sheet & Financial Strength

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

Metric
PIPR
PIPR
SITE
SITE
Cash + ST InvestmentsLiquidity on hand
$84.0M
Total DebtLower is stronger
$531.9M
Stockholders' EquityBook value
$1.4B
$1.6B
Total Assets
$2.6B
$3.5B
Debt / EquityLower = less leverage
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PIPR
PIPR
SITE
SITE
Q1 26
$84.0M
Q4 25
$190.6M
Q3 25
$106.9M
Q2 25
$78.6M
Q1 25
$56.6M
Q4 24
$107.1M
Q3 24
$85.5M
Q2 24
$71.9M
Total Debt
PIPR
PIPR
SITE
SITE
Q1 26
$531.9M
Q4 25
$385.4M
Q3 25
$388.4M
Q2 25
$469.9M
Q1 25
$503.0M
Q4 24
$388.2M
Q3 24
$410.6M
Q2 24
$480.2M
Stockholders' Equity
PIPR
PIPR
SITE
SITE
Q1 26
$1.6B
Q4 25
$1.4B
$1.7B
Q3 25
$1.3B
$1.7B
Q2 25
$1.2B
$1.6B
Q1 25
$1.2B
$1.6B
Q4 24
$1.2B
$1.6B
Q3 24
$1.2B
$1.6B
Q2 24
$1.1B
$1.6B
Total Assets
PIPR
PIPR
SITE
SITE
Q1 26
$3.5B
Q4 25
$2.6B
$3.2B
Q3 25
$2.2B
$3.3B
Q2 25
$2.0B
$3.3B
Q1 25
$1.8B
$3.3B
Q4 24
$2.3B
$3.1B
Q3 24
$2.0B
$3.1B
Q2 24
$1.9B
$3.2B
Debt / Equity
PIPR
PIPR
SITE
SITE
Q1 26
0.33×
Q4 25
0.23×
Q3 25
0.23×
Q2 25
0.29×
Q1 25
0.32×
Q4 24
0.25×
Q3 24
0.25×
Q2 24
0.30×

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
SITE
SITE
Operating Cash FlowLast quarter
$729.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
6.40×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PIPR
PIPR
SITE
SITE
Q1 26
Q4 25
$729.8M
$164.8M
Q3 25
$31.9M
$128.6M
Q2 25
$32.1M
$136.7M
Q1 25
$-207.2M
$-129.6M
Q4 24
$163.8M
$119.4M
Q3 24
$80.1M
$115.9M
Q2 24
$266.5M
$147.4M
Free Cash Flow
PIPR
PIPR
SITE
SITE
Q1 26
Q4 25
$150.3M
Q3 25
$118.5M
Q2 25
$122.4M
Q1 25
$-144.4M
Q4 24
$109.9M
Q3 24
$105.9M
Q2 24
$135.3M
FCF Margin
PIPR
PIPR
SITE
SITE
Q1 26
Q4 25
14.4%
Q3 25
9.4%
Q2 25
8.4%
Q1 25
-15.4%
Q4 24
10.8%
Q3 24
8.8%
Q2 24
9.6%
Capex Intensity
PIPR
PIPR
SITE
SITE
Q1 26
Q4 25
1.4%
Q3 25
0.8%
Q2 25
1.0%
Q1 25
1.6%
Q4 24
0.9%
Q3 24
0.8%
Q2 24
0.9%
Cash Conversion
PIPR
PIPR
SITE
SITE
Q1 26
Q4 25
6.40×
Q3 25
0.53×
2.18×
Q2 25
0.76×
1.06×
Q1 25
-3.19×
Q4 24
2.37×
Q3 24
2.30×
2.61×
Q2 24
7.66×
1.23×

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%

SITE
SITE

Segment breakdown not available.

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