Financial - Capital Markets
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4 / 10Stock Comparison
SNEX vs PIPR vs IBKR vs LPLA
Revenue, margins, valuation, and 5-year total return — side by side.
Financial - Capital Markets
Investment - Banking & Investment Services
Financial - Capital Markets
SNEX vs PIPR vs IBKR vs LPLA — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Financial - Capital Markets | Financial - Capital Markets | Investment - Banking & Investment Services | Financial - Capital Markets |
| Market Cap | $9.51B | $5.73B | $37.30B | $24.83B |
| Revenue (TTM) | $132.38B | $1.90B | $10.23B | $16.99B |
| Net Income (TTM) | $462M | $281M | $984M | $863M |
| Gross Margin | 2.0% | 93.6% | 89.8% | 25.6% |
| Operating Margin | 1.6% | 20.2% | 86.0% | 13.4% |
| Forward P/E | 21.0x | 17.0x | 33.6x | 13.8x |
| Total Debt | $18.52B | $116M | $19M | $7.26B |
| Cash & Equiv. | $1.61B | $809M | $4.96B | $1.04B |
SNEX vs PIPR vs IBKR vs LPLA — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| StoneX Group Inc. (SNEX) | 100 | 800.1 | +700.1% |
| Piper Sandler Compa… (PIPR) | 100 | 539.6 | +439.6% |
| Interactive Brokers… (IBKR) | 100 | 790.5 | +690.5% |
| LPL Financial Holdi… (LPLA) | 100 | 433.7 | +333.7% |
Price return only. Dividends and distributions are not included.
Quick Verdict: SNEX vs PIPR vs IBKR vs LPLA
Each card shows where this stock fits in a portfolio — not just who wins on paper.
SNEX carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 3 yrs, beta 1.08, yield 2.9%
- 14.5% 10Y total return vs IBKR's 8.2%
- Lower volatility, beta 1.08, current ratio 1.57x
- Beta 1.08, yield 2.9%, current ratio 1.57x
PIPR is the #2 pick in this set and the best alternative if valuation efficiency is your priority.
- PEG 0.40 vs SNEX's 2.33
- Lower P/E (17.0x vs 33.6x), PEG 0.40 vs 1.13
IBKR lags the leaders in this set but could rank higher in a more targeted comparison.
LPLA is the clearest fit if your priority is growth exposure.
- Rev growth 37.2%, EPS growth -22.2%
- 37.2% NII/revenue growth vs IBKR's 9.8%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 37.2% NII/revenue growth vs IBKR's 9.8% | |
| Value | Lower P/E (17.0x vs 33.6x), PEG 0.40 vs 1.13 | |
| Quality / Margins | Efficiency ratio 0.0% vs PIPR's 0.7% (lower = leaner) | |
| Stability / Safety | Beta 1.08 vs IBKR's 1.93 | |
| Dividends | 2.9% yield, 3-year raise streak, vs LPLA's 0.4% | |
| Momentum (1Y) | +92.6% vs LPLA's -7.1% | |
| Efficiency (ROA) | Efficiency ratio 0.0% vs PIPR's 0.7% |
SNEX vs PIPR vs IBKR vs LPLA — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
SNEX vs PIPR vs IBKR vs LPLA — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
SNEX leads in 2 of 6 categories
PIPR leads 1 • IBKR leads 1 • LPLA leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
PIPR leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
SNEX is the larger business by revenue, generating $132.4B annually — 69.5x PIPR's $1.9B. PIPR is the more profitable business, keeping 14.8% of every revenue dollar as net income compared to SNEX's 0.2%.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $132.4B | $1.9B | $10.2B | $17.0B |
| EBITDAEarnings before interest/tax | $47.1B | $403M | $8.9B | $2.3B |
| Net IncomeAfter-tax profit | $462M | $281M | $984M | $863M |
| Free Cash FlowCash after capex | $6.5B | $669M | $15.7B | -$1.1B |
| Gross MarginGross profit ÷ Revenue | +2.0% | +93.6% | +89.8% | +25.6% |
| Operating MarginEBIT ÷ Revenue | +1.6% | +20.2% | +86.0% | +13.4% |
| Net MarginNet income ÷ Revenue | +0.2% | +14.8% | +9.6% | +5.1% |
| FCF MarginFCF ÷ Revenue | +3.3% | +36.6% | +153.9% | -5.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +46.8% | +65.8% | +26.0% | +4.2% |
Valuation Metrics
Evenly matched — SNEX and PIPR and IBKR each lead in 2 of 7 comparable metrics.
Valuation Metrics
At 20.3x trailing earnings, PIPR trades at a 46% valuation discount to IBKR's 37.7x P/E. Adjusting for growth (PEG ratio), PIPR offers better value at 0.48x vs SNEX's 2.28x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $9.5B | $5.7B | $37.3B | $24.8B |
| Enterprise ValueMkt cap + debt − cash | $26.4B | $5.0B | $32.4B | $31.0B |
| Trailing P/EPrice ÷ TTM EPS | 20.53x | 20.32x | 37.71x | 28.35x |
| Forward P/EPrice ÷ next-FY EPS est. | 20.99x | 17.01x | 33.59x | 13.77x |
| PEG RatioP/E ÷ EPS growth rate | 2.28x | 0.48x | 1.27x | 2.14x |
| EV / EBITDAEnterprise value multiple | 12.28x | 12.21x | 3.64x | 10.65x |
| Price / SalesMarket cap ÷ Revenue | 0.07x | 3.01x | 3.65x | 1.46x |
| Price / BookPrice ÷ Book value/share | 2.55x | 3.62x | 1.83x | 4.58x |
| Price / FCFMarket cap ÷ FCF | 2.20x | 8.22x | 2.37x | — |
Profitability & Efficiency
IBKR leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
PIPR delivers a 19.3% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $5 for IBKR. IBKR carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to SNEX's 7.79x. On the Piotroski fundamental quality scale (0–9), IBKR scores 6/9 vs LPLA's 3/9, reflecting solid financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +19.3% | +19.3% | +5.2% | +18.6% |
| ROA (TTM)Return on assets | +1.0% | +13.1% | +0.5% | +5.1% |
| ROICReturn on invested capital | +9.1% | +18.0% | +24.7% | +16.1% |
| ROCEReturn on capital employed | +10.7% | +16.2% | +22.2% | +19.1% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 5 | 6 | 3 |
| Debt / EquityFinancial leverage | 7.79x | 0.07x | 0.00x | 1.36x |
| Net DebtTotal debt minus cash | $16.9B | -$693M | -$4.9B | $6.2B |
| Cash & Equiv.Liquid assets | $1.6B | $809M | $5.0B | $1.0B |
| Total DebtShort + long-term debt | $18.5B | $116M | $19M | $7.3B |
| Interest CoverageEBIT ÷ Interest expense | 0.95x | 77.56x | 2.13x | 3.85x |
Total Returns (Dividends Reinvested)
SNEX leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in SNEX five years ago would be worth $64,791 today (with dividends reinvested), compared to $20,210 for LPLA. Over the past 12 months, SNEX leads with a +92.6% total return vs LPLA's -7.1%. The 3-year compound annual growth rate (CAGR) favors SNEX at 69.8% vs LPLA's 17.5% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +86.2% | -6.4% | +24.6% | -14.3% |
| 1-Year ReturnPast 12 months | +92.6% | +32.0% | +86.9% | -7.1% |
| 3-Year ReturnCumulative with dividends | +389.3% | +166.4% | +332.1% | +62.2% |
| 5-Year ReturnCumulative with dividends | +547.9% | +189.1% | +386.1% | +102.1% |
| 10-Year ReturnCumulative with dividends | +1454.0% | +820.3% | +823.8% | +1240.6% |
| CAGR (3Y)Annualised 3-year return | +69.8% | +38.6% | +62.9% | +17.5% |
Risk & Volatility
SNEX leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
SNEX is the less volatile stock with a 1.08 beta — it tends to amplify market swings less than IBKR's 1.93 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. SNEX currently trades 97.3% from its 52-week high vs PIPR's 21.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.08x | 1.47x | 1.93x | 1.10x |
| 52-Week HighHighest price in past year | $124.19 | $375.55 | $87.37 | $403.58 |
| 52-Week LowLowest price in past year | $53.53 | $61.02 | $44.45 | $281.51 |
| % of 52W HighCurrent price vs 52-week peak | +97.3% | +21.4% | +95.8% | +76.7% |
| RSI (14)Momentum oscillator 0–100 | 68.4 | 43.7 | 74.6 | 53.3 |
| Avg Volume (50D)Average daily shares traded | 874K | 1.6M | 4.5M | 875K |
Analyst Outlook
Evenly matched — SNEX and LPLA each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: SNEX as "Buy", PIPR as "Hold", IBKR as "Buy", LPLA as "Buy". Consensus price targets imply 42.4% upside for LPLA (target: $441) vs 4.7% for IBKR (target: $88). For income investors, SNEX offers the higher dividend yield at 2.94% vs IBKR's 0.36%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold | Buy | Buy |
| Price TargetConsensus 12-month target | — | $97.58 | $87.67 | $441.00 |
| # AnalystsCovering analysts | 2 | 11 | 19 | 22 |
| Dividend YieldAnnual dividend ÷ price | +2.9% | +2.0% | +0.4% | +0.4% |
| Dividend StreakConsecutive years of raises | 3 | 1 | 3 | 4 |
| Dividend / ShareAnnual DPS | $3.55 | $1.60 | $0.30 | $1.19 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +2.2% | +0.2% | +0.5% |
SNEX leads in 2 of 6 categories (Total Returns, Risk & Volatility). PIPR leads in 1 (Income & Cash Flow). 2 tied.
SNEX vs PIPR vs IBKR vs LPLA: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is SNEX or PIPR or IBKR or LPLA a better buy right now?
For growth investors, LPL Financial Holdings Inc.
(LPLA) is the stronger pick with 37. 2% revenue growth year-over-year, versus 9. 8% for Interactive Brokers Group, Inc. (IBKR). Piper Sandler Companies (PIPR) offers the better valuation at 20. 3x trailing P/E (17. 0x forward), making it the more compelling value choice. Analysts rate StoneX Group Inc. (SNEX) a "Buy" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — SNEX or PIPR or IBKR or LPLA?
On trailing P/E, Piper Sandler Companies (PIPR) is the cheapest at 20.
3x versus Interactive Brokers Group, Inc. at 37. 7x. On forward P/E, LPL Financial Holdings Inc. is actually cheaper at 13. 8x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Piper Sandler Companies wins at 0. 40x versus StoneX Group Inc. 's 2. 33x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — SNEX or PIPR or IBKR or LPLA?
Over the past 5 years, StoneX Group Inc.
(SNEX) delivered a total return of +547. 9%, compared to +102. 1% for LPL Financial Holdings Inc. (LPLA). Over 10 years, the gap is even starker: SNEX returned +1454% versus PIPR's +820. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — SNEX or PIPR or IBKR or LPLA?
By beta (market sensitivity over 5 years), StoneX Group Inc.
(SNEX) is the lower-risk stock at 1. 08β versus Interactive Brokers Group, Inc. 's 1. 93β — meaning IBKR is approximately 79% more volatile than SNEX relative to the S&P 500. On balance sheet safety, Interactive Brokers Group, Inc. (IBKR) carries a lower debt/equity ratio of 0% versus 8% for StoneX Group Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — SNEX or PIPR or IBKR or LPLA?
By revenue growth (latest reported year), LPL Financial Holdings Inc.
(LPLA) is pulling ahead at 37. 2% versus 9. 8% for Interactive Brokers Group, Inc. (IBKR). On earnings-per-share growth, the picture is similar: Piper Sandler Companies grew EPS 54. 7% year-over-year, compared to -22. 2% for LPL Financial Holdings Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — SNEX or PIPR or IBKR or LPLA?
Piper Sandler Companies (PIPR) is the more profitable company, earning 14.
8% net margin versus 0. 2% for StoneX Group Inc. — meaning it keeps 14. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: IBKR leads at 86. 0% versus 1. 6% for SNEX. At the gross margin level — before operating expenses — PIPR leads at 93. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is SNEX or PIPR or IBKR or LPLA more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, Piper Sandler Companies (PIPR) is the more undervalued stock at a PEG of 0. 40x versus StoneX Group Inc. 's 2. 33x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, LPL Financial Holdings Inc. (LPLA) trades at 13. 8x forward P/E versus 33. 6x for Interactive Brokers Group, Inc. — 19. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for LPLA: 42. 4% to $441. 00.
08Which pays a better dividend — SNEX or PIPR or IBKR or LPLA?
All stocks in this comparison pay dividends.
StoneX Group Inc. (SNEX) offers the highest yield at 2. 9%, versus 0. 4% for Interactive Brokers Group, Inc. (IBKR).
09Is SNEX or PIPR or IBKR or LPLA better for a retirement portfolio?
For long-horizon retirement investors, StoneX Group Inc.
(SNEX) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 08), 2. 9% yield, +1454% 10Y return). Interactive Brokers Group, Inc. (IBKR) carries a higher beta of 1. 93 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (SNEX: +1454%, IBKR: +823. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between SNEX and PIPR and IBKR and LPLA?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: SNEX is a small-cap high-growth stock; PIPR is a small-cap high-growth stock; IBKR is a mid-cap quality compounder stock; LPLA is a mid-cap high-growth stock. SNEX, PIPR pay a dividend while IBKR, LPLA do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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- Sector: Financial Services
- Market Cap > $100B
- Revenue Growth > 16%
- Dividend Yield > 1.1%
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