CFOR vs PIPR vs HLI Stock Comparison

CapForce, Piper Sandler Companies and Houlihan Lokey Prices as of Oct 28, 2026 Peers: Industry group
CFOR CapForce Inc.
$9.10 +133.3% 1M +93.6% 1Y
Market cap
$92.36M
P/E
–
Revenue (TTM)
—
Div. yield
–
Investment Banking Financial Services
1 win
PIPR Piper Sandler Companies
$67.00 -6.5% 1M -22.5% 1Y
Market cap
$4.53B
P/E
14.8x
Revenue (TTM)
$2.12B
Div. yield
0.92%
Investment Banking Financial Services
2 wins
HLI Houlihan Lokey, Inc.
$137.36 +6.0% 1M -32.0% 1Y
Market cap
$9.55B
P/E
–
Revenue (TTM)
—
Div. yield
1.89%
Investment Banking Financial Services
3 wins

Head to Head

6 decided of 12

Houlihan Lokey leads on 3 of the 12 questions below (Houlihan Lokey 3, Piper Sandler Companies 2, CapForce 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCFORPIPRHLILeader
Larger companyMarket capitalisation $92.36M $4.53B $9.55B HLI
Cheaper on earningsLower P/E, profitable companies only — 14.8x — –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 14.0x 20.4x PIPR
Faster revenue growthRevenue growth, trailing twelve months — +32.1% — –
More profitableNet margin, trailing twelve months — 14.5% — –
Better return on capitalReturn on invested capital — 23.1% — –
Less leveragedLower net debt / EBITDA — -0.6x — –
Higher dividend yieldTrailing dividend yield — 0.92% 1.89% HLI
Better 1-year returnPrice return, last 12 months +93.6% -22.5% -32.0% CFOR
Better 5-year returnAnnualised price return, 5 years -52.0%/yr +10.2%/yr +4.2%/yr PIPR
Less volatileAnnualised volatility, 1 year 614.7% 36.1% 31.6% HLI
Higher overall scoreMean of the five percentile scores vs peers — 82/100 — –

Percentile Scorecard

CFORPIPRHLI

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCFORPIPRHLI
Valuation – 94 #7 of 96 –
Growth – 97 #3 of 65 –
Profitability – 80 #14 of 65 –
Financial Health 60 #37 of 92 90 #10 of 92 –
Shareholder Returns – 51 #19 of 38 62 #15 of 38
Overall – 82 –
  • CFOR ranked among 110 companies in Capital Markets
  • PIPR ranked among 110 companies in Capital Markets
  • HLI ranked among 110 companies in Capital Markets

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCFORPIPRHLISPY
1 month +133.3%-6.5%+6.0% +0.9%
3 months -49.4%-9.2%-1.3% +5.9%
6 months -60.4%-22.4%-11.9% +8.5%
Year to date -42.8%-21.1%-21.1% +13.3%
1 year +93.6%-22.5%-32.0% +12.4%
3 years +43.8%+99.0%+39.6% +88.1%
3 years, per year +12.9%+25.8%+11.8% +23.5%
5 years -97.5%+62.7%+22.6% +68.2%
5 years, per year -52.0%+10.2%+4.2% +11.0%
10 years -100.0%+391.7%+459.7% +263.4%
10 years, per year -61.1%+17.3%+18.8% +13.8%

Risk

MeasureCFORPIPRHLISPY
Volatility, 1Y 614.7%36.1%31.6% 12.7%
Downside volatility, 1Y 941.9%40.9%35.4% 12.7%
Beta vs S&P 500, 1Y 3.461.300.69 1.00
Return / volatility, 1Y 0.15-0.62-1.01 0.98
Max drawdown, 5Y -99.9%-45.6%-41.0% -25.4%
From 52-week high -73.2%-29.1%-32.0% -0.9%
52-week high $34.00$94.52$202.09 $779.14
52-week low $0.33$63.48$123.39 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCFORPIPRHLI
P/E now vs peer median —median 30.1x 14.8xmedian 30.1x —median 30.1x
P/S now vs peer median —median 3.0x 2.1xmedian 3.0x —median 3.0x
EV/EBITDA now vs peer median —median 14.1x 8.3xmedian 14.1x —median 14.1x
P/FCF now vs peer median —median 15.8x 9.3xmedian 15.8x —median 15.8x
P/B now vs peer median 2.9xmedian 2.4x 2.9xmedian 2.4x 4.1xmedian 2.4x
PEG now vs peer median —median 0.54 0.28median 0.54 —median 0.54

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCFORPIPRHLI
Revenue – $2.12B –
Net income – $363.85M –
Free cash flow – $487.00M –
EPS (diluted) – $4.31 –
Cash & equivalents $531.28K $304.23M $1.19B
Total debt – $15.00M –
Shares (diluted) 10.07M 71.24M 68.43M
Enterprise value $89.17M $3.15B $5.69B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCFORPIPRHLI
P/E – 14.8x –
P/FCF – 9.3x –
P/Operating cash flow – 8.9x –
P/S – 2.1x –
P/B 2.9x 2.9x 4.1x
P/Tangible book 2.9x 3.1x 4.5x
EV/EBITDA – 8.3x –
EV/EBIT – 8.7x –
EV/Revenue – 2.0x –
EV/FCF – 8.7x –
EV/Operating cash flow – 8.4x –
PEG (3Y EPS CAGR) – 0.28 –

Growth

14 metrics
MetricCFORPIPRHLI
Revenue growth (1Y) – 32.1% –
Revenue CAGR (3Y) – 17.1% –
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – – –
Operating income CAGR (3Y) – – –
Net income growth (1Y) – 93.1% –
Net income CAGR (3Y) – 53.4% –
EPS growth (1Y) – 45.0% –
EPS CAGR (3Y) – 53.1% –
Operating cash flow growth (1Y) – 634.9% –
Operating cash flow CAGR (3Y) – 115.3% –
Free cash flow growth (1Y) – 1,390% –
Free cash flow CAGR (3Y) – 153.8% –

Profitability

14 metrics
MetricCFORPIPRHLI
Gross margin – – –
EBITDA margin – 24.2% –
Operating margin – – –
Pretax margin – 22.9% –
Net margin – 14.5% –
FCF margin – 23.0% –
Operating cash flow margin – 23.9% –
Return on equity – 23.3% –
Return on assets – 16.3% –
Return on invested capital – 23.1% –
Return on capital employed – – –
Asset turnover – 0.9x –
Cash conversion (OCF / net income) – 1.4x –
Stock comp / revenue – 6.1% –

Financial Health

11 metrics
MetricCFORPIPRHLI
Debt / assets – 0.6% –
Debt / equity – 0.0x –
Net debt / EBITDA – -0.6x –
Debt / FCF – 0.0x –
Liabilities / assets 16.3% 32.7% 45.6%
Equity / assets 83.7% 67.3% 54.4%
Interest coverage – – –
Current ratio 0.2x – –
Quick ratio 0.2x – –
Cash ratio 0.1x – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricCFORPIPRHLI
Dividend yield – 0.9% 1.9%
Net buyback yield – 2.7% –
Shareholder yield – 3.6% 1.9%
Payout ratio (earnings) – 38.9% –
Payout ratio (FCF) – 29.0% –
Dividend growth (1Y) – 27.8% –
Dividend CAGR (3Y) – 20.0% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCFORPIPRHLI
Forward P/E – 14.0xFY2026 20.4xFY2026
EPS, next fiscal year $-21.05FY2023 $4.78FY2026 $6.72FY2026
EPS growth, next FY – +7.9%FY2026 -11.1%FY2026
EPS growth, the year after – +18.0% +24.3%
Revenue, next fiscal year $3.57MFY2023 $2.01BFY2026 $2.76BFY2026
Revenue growth, next FY – +6.8%FY2026 +5.4%FY2026
Revenue growth, the year after +73.4% +11.6% +9.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCFORPIPRHLI
Held by institutions – 91.1% 80.7%
Institutions holding – 423 518
Change in shares held, QoQ – +3.1% +3.1%
Institutions buying – 242 236
Institutions selling – 114 200
Buyers to sellers – 2.12 1.18

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CFORPIPRHLI
CFOR 1.00 0.06 0.11
PIPR 0.06 1.00 0.57
HLI 0.11 0.57 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CFOR, PIPR and HLI?

Houlihan Lokey (HLI) is the largest by market capitalisation: CapForce (CFOR) $92.36M, Piper Sandler Companies (PIPR) $4.53B, Houlihan Lokey (HLI) $9.55B.

Which stock has performed better?

Over the past year CapForce (CFOR) returned the most: CapForce (CFOR) +93.6%, Piper Sandler Companies (PIPR) -22.5%, Houlihan Lokey (HLI) -32.0%. Over five years, Piper Sandler Companies (PIPR) compounded fastest (CapForce (CFOR) -52.0%/yr, Piper Sandler Companies (PIPR) +10.2%/yr, Houlihan Lokey (HLI) +4.2%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Houlihan Lokey (HLI) has the highest dividend yield: Piper Sandler Companies (PIPR) 0.92%, Houlihan Lokey (HLI) 1.89%. CapForce (CFOR) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Houlihan Lokey (HLI) has been the steadiest (CapForce (CFOR) 614.7%, Piper Sandler Companies (PIPR) 36.1%, Houlihan Lokey (HLI) 31.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CFOR, PIPR and HLI?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Houlihan Lokey (HLI) leads on 3. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.