Interactive Brokers Group, Inc.

Finance
Investment Bankers/Brokers/Service
www.interactivebrokers.com

Earnings Score
Moat Score

Market Cap $19.34B
PE 26
Debt -
Cash $40.23B
EV -
FCF $8.68B

Earnings

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Sales & Net Margins

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Earnings	$755.00M
EBIT	$3.70B
ROE	5%
ROA	2%
FCF	$8.68B
Equity	$16.60B
Growth Stability	100%
PE	25.62
PEG	0.64
PB	1.17
P/FCF	2.23
P/S	3.73
Price/Cash	2.08
Net Margins	15%
Op. Margins	71%
Earnings CAGR	32%
Sales Growth YoY	22%
Sales Growth QoQ	2%
Sales CAGR	14%
FCF CAGR	27%
Equity CAGR	13%
Earnings Stability	0.94
Earnings Growth YoY	36%

Earnings Growth QoQ	18%
Earnings CAGR 5Y	40%
Sales CAGR 5Y	20%
FCF CAGR 5Y	-4%
Equity CAGR 5Y	16%
Earnings CAGR 3Y	35%
Sales CAGR 3Y	35%
FCF CAGR 3Y	57%
Equity CAGR 3Y	19%
Market Cap	$19.34B
Revenue	$5.19B
Dividend Yield	0%
Payout Ratio	12%
Assets	$150.14B
Cash	$40.23B
Shares Outstanding	108.01M
Earnings Score	95%
Moat Score	57%
Shares Growth 3y	4%
Equity Growth QoQ	4%
Equity Growth YoY	18%

Assets & ROA

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Stockholders Equity & ROE

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Interactive Brokers Group Inc, or IB, conducts broker-dealer agency business and proprietary trading business worldwide. Through its broker-dealer agency business, IB provides direct access to trade execution and clearing services to institutional and professional traders. The company's electronically traded products include stocks, options, futures, foreign exchange, bonds, CFDs, and funds. IB has operations in the U.S., Canada, the United Kingdom, Ireland, Luxembourg, Switzerland, Hungary, India, China (Hong Kong and Shanghai), Japan, Singapore, and Australia. The company is regulated by the SEC, FINRA, NYSE, FCA, and other regulatory agencies worldwide.

SEC Filings

Direct access to Interactive Brokers Group, Inc. (IBKR) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Interactive Brokers Group, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Interactive Brokers Group, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 32%

Stability 94%

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Interactive Brokers Group, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Interactive Brokers Group, Inc..

Years

Calculation mode

= $575B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$8.7B	$11B	$14B	$18B	$23B	$29B	$36B	$46B	$59B	$75B	$95B	$950B
DCF		$10B	$12B	$13B	$15B	$18B	$21B	$24B	$27B	$32B	$37B	$366B
Value	$575B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	4%	6%	4%	7%	6%	9%	11%	12%	14%	15%	15%
ROA	-	1%	2%	2%	2%	1%	2%	2%	2%	2%	2%
ROE	-	1%	1%	2%	2%	2%	3%	3%	4%	5%	5%

Good Net Margins (14.56%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	0.12	0.01	0.01	0.01	-	-	-	-	-	-
Debt over Equity	-	0.01	0	0	0	-	-	-	-	-	-
Growth Stability	-	-	-	100%	100%	100%	100%	100%	100%	100%	100%

Neutral Debt/FCF ratio (-)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Good Graham’s Stability (100%)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	17%	31%	23%	9%	-14%	22%	13%	42%	19%	20%
Earnings YoY growth	-	71%	-10%	122%	-5%	21%	58%	23%	58%	26%	40%
Equity YoY growth	-	9%	11%	11%	11%	13%	14%	14%	21%	18%	16%
FCF YoY growth	-	-13%	71%	124%	12%	209%	-27%	-33%	15%	93%	-4%