Oppenheimer Holdings Inc (OPY)
NYSE:OPY
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Oppenheimer Holdings
(NYSE:OPY)
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Rating:71Outperform
Price Target:
$126.00
â–²(85.51% Upside)
Action:ReiteratedDate:04/17/26
The score is driven primarily by improving 2025 financial performance (better growth, margins, and a strong cash flow rebound) and a very attractive low P/E valuation. These positives are tempered by elevated volatility/cyclicality in historical cash flows and near-term technical overbought conditions (very high RSI/Stoch) that increase pullback risk.
Positive Factors
Sustained Revenue Growth
Three consecutive years of revenue growth, capped by record 2025 revenue of $1.64B, indicate durable expansion across brokerage, wealth and capital markets. Sustained top-line momentum diversifies income sources, supports scalable fixed-cost absorption, and underpins longer-term margin resilience.
Negative Factors
Volatile Cash Generation
Operating and free cash flow swung from negative in 2023–24 to a sharp 2025 rebound (FCF ~1.0x net income). This multi‑year inconsistency undermines predictable funding for investments, dividends and buybacks, and raises liquidity risk during weaker market periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Three consecutive years of revenue growth, capped by record 2025 revenue of $1.64B, indicate durable expansion across brokerage, wealth and capital markets. Sustained top-line momentum diversifies income sources, supports scalable fixed-cost absorption, and underpins longer-term margin resilience.
Read all positive factors
Oppenheimer Holdings (OPY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.10B
Dividend Yield0.99%
Average Volume (3M)42.55K
Price to Earnings (P/E)5.1
Beta (1Y)1.01
Revenue Growth14.69%
EPS Growth104.58%
CountryUS
Employees2,974
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)N/A
Shares Outstanding10,607,590
10 Day Avg. Volume57,808
30 Day Avg. Volume42,551
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.77
Price to Sales (P/S)0.46
P/FCF Ratio4.14
Enterprise Value/Market Cap1.59
Enterprise Value/Revenue1.07
Enterprise Value/Gross Profit2.05
Enterprise Value/Ebitda5.36
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Oppenheimer Holdings Business Overview & Revenue Model
Company Description
Oppenheimer Holdings Inc. (OPY) is a diversified financial services firm that operates through various segments including investment banking, asset management, and brokerage services. The company provides a wide range of financial products and ser...
How the Company Makes Money
Oppenheimer Holdings generates revenue primarily through its broker-dealer and investment banking activities. Key revenue streams typically include: (1) Commissions and transaction-based revenues earned when clients buy or sell securities through ...
Oppenheimer Holdings Key Performance Indicators (KPIs)
Any
Assets Under Management
Captures the value of assets the firm actively manages on behalf of clients, which directly produces management fees and reflects investment performance and client trust. Growing AUM supports recurring revenue and margin improvement; large outflows can quickly reduce fee income and hurt profitability.
Captures the value of assets the firm actively manages on behalf of clients, which directly produces management fees and reflects investment performance and client trust. Growing AUM supports recurring revenue and margin improvement; large outflows can quickly reduce fee income and hurt profitability.
Data provided by:
The Fly
The FlyOppenheimer Holdings Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
60
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.64B | 1.43B | 1.25B | 1.11B | 1.39B |
| Gross Profit | 837.87M | 468.04M | 441.50M | 344.55M | 484.89M |
| EBITDA | 277.61M | 231.03M | 152.57M | 103.81M | 268.62M |
| Net Income | 148.40M | 71.56M | 30.18M | 32.35M | 158.96M |
Balance Sheet | |||||
| Total Assets | 3.72B | 3.38B | 2.87B | 2.71B | 3.04B |
| Cash, Cash Equivalents and Short-Term Investments | 38.41M | 33.15M | 28.84M | 112.43M | 213.76M |
| Total Debt | 628.47M | 687.59M | 593.57M | 633.23M | 640.79M |
| Total Liabilities | 2.73B | 2.53B | 2.09B | 1.89B | 2.09B |
| Stockholders Equity | 983.82M | 850.39M | 789.17M | 794.23M | 823.20M |
Cash Flow | |||||
| Free Cash Flow | 183.56M | -113.32M | -35.87M | 48.18M | 219.52M |
| Operating Cash Flow | 188.75M | -108.17M | -18.81M | 64.49M | 227.79M |
| Investing Cash Flow | -1.39M | -3.84M | -15.56M | -14.14M | -6.27M |
| Financing Cash Flow | -182.11M | 116.32M | -74.76M | -253.91M | 84.58M |
Oppenheimer Holdings Technical Analysis
Positive
67.92
Price Trends
90.93
Positive
82.34
Positive
76.05
Positive
Market Momentum
7.14
Negative
83.12
Negative
93.14
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For OPY, the sentiment is Positive. The current price of 67.92 is below the 20-day moving average (MA) of 96.72, below the 50-day MA of 90.93, and below the 200-day MA of 76.05, indicating a bullish trend. The MACD of 7.14 indicates Negative momentum. The RSI at 83.12 is Negative, neither overbought nor oversold. The STOCH value of 93.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for OPY.
Oppenheimer Holdings Risk Analysis
Oppenheimer Holdings disclosed 34 risk factors in its most recent earnings report. Oppenheimer Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Oppenheimer Holdings Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $11.95B | 7.56 | 15.43% | 1.43% | 9.07% | 45.94% | |
71 Outperform | $1.10B | 5.12 | 16.16% | 0.99% | 14.69% | 104.58% | |
71 Outperform | $3.69B | 23.88 | 84.45% | 0.58% | 14.77% | 32.74% | |
70 Outperform | $13.64B | 25.51 | 33.81% | 0.95% | 29.49% | 54.99% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | $25.70B | 32.56 | 18.57% | 0.32% | 37.18% | -21.84% | |
51 Neutral | $9.70B | 13.64 | 7.08% | 2.52% | 1.91% | 2.34% |
* Financial Sector Average
OPY
Oppenheimer Holdings
109.15
52.35
92.16%
EVR
Evercore Partners
347.79
152.80
78.37%
JEF
Jefferies
47.87
2.26
4.96%
LPLA
LPL Financial
330.39
16.02
5.10%
SF
Stifel Financial
77.78
21.44
38.04%
PJT
PJT Partners
155.81
21.31
15.84%
Oppenheimer Holdings Corporate Events
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Oppenheimer Highlights Record 2025 Results and Shareholder Returns
Positive
Feb 2, 2026
On February 2, 2026, Oppenheimer Holdings Inc. posted an investor presentation outlining strong operating results for the fourth quarter and full year 2025, highlighted by record quarterly revenue of $472.6 million and record full-year revenue of ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.