• Piper Sandler average net profit margin for 2023 was 6.42%, a 42.52% increase from 2022.
• Piper Sandler average net profit margin for 2022 was 11.17%, a 3.71% decline from 2021.
• Piper Sandler average net profit margin for 2021 was 10.77%, a 104.36% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.