Interactive Brokers Group, Inc.
$81.79
+0.46 (+0.57%) · delayed · Nov 13, 2026
Five-year price
52w $58.95 to $98.75
- Market cap
- $36.3B
- Enterprise value
- $31.3B
- P/E
- 36.8×
- 45.7× on 3y avg EPS
- EV / EBIT
- —
- FCF yield
- 43.6%
- ROIC
- —
- Debt / equity
- —
- Piotroski F
- 4/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
75
- –ROIC > 12% (5y avg)5y avg ROIC n/a
- ●ROE > 15% (5y avg)5y avg ROE 74.5%
- –Stable operating marginsMargin volatility n/a (σ, 5y)
- ●Earnings convert to cashFCF / net income 271% (5y avg)
- ●Growing revenueRevenue CAGR 5y 13.6%
- ○Shrinking share countDiluted shares 450.4% over 5y
Value
25
- ○P/E below 15P/E 36.8
- –EV/EBIT below 12EV/EBIT n/a
- ●FCF yield above 6%FCF yield 43.6%
- ○Price below Graham NumberGraham Number $24.57
- ○P/B below 3P/B 6.8
Safety
n/a
- –Debt / equity below 0.5D/E n/a
- ●Debt payable in < 4 yrs of earningsNet debt $-5.0B
- –Interest coverage > 8xCoverage n/ax
- –Current ratio > 1.5Current ratio n/a
- ○Piotroski F-score ≥ 6F-score 4/9
Graham Defensive
50
- ●Adequate size (revenue > $2B)Revenue $2.4B
- –Strong condition (current ratio ≥ 2)Current ratio n/a
- ●Earnings stability (no loss, 10y)10 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- ○Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 17%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 45.7
- ○P/E × P/B ≤ 22.5Product 309.3
Valuation lab
What do you have to believe?
At $81.79, the market is pricing in about −29.8% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt −$5.0B · 444M shares · 5y revenue CAGR 13.6%
Intrinsic value
$1,350.49
Price
$81.79
Margin of safety
94%
What the price implies
The market is paying for −29.8% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
66% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,475 | 1,927 | 925 | 847 | 1,287 | 1,568 | 1,506 | 1,557 | 1,977 | 2,440 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Pre-tax income | 761 | 1,049 | 1,196 | 1,157 | 1,256 | 1,787 | 1,998 | 3,069 | 3,695 | 4,771 |
| Income tax | 62 | 256 | 71 | 68 | 77 | 151 | 156 | 257 | 288 | 414 |
| Net income | 699 | 793 | 1,125 | 1,089 | 1,179 | 1,636 | 1,842 | 2,812 | 3,407 | 4,357 |
| EPS (diluted) | 1.25 | 1.07 | 2.28 | 2.10 | 2.42 | 3.24 | 3.75 | 1.42 | 1.73 | 2.22 |
| Diluted shares | 67 | 71 | 74 | 77 | 81 | 95 | 101 | 423 | 436 | 444 |
Who owns it