Interactive Brokers Group, Inc. (IBKR) Financial Ratios
21 years of historical data (2005–2025) · Financial Services · Investment - Banking & Investment Services
EV/EBITDA
↓
3.65
↓-14% vs avg
5yr avg: 4.25
30Y Low0.5·High8.1
P/FCF
↑
2.38
↑+29% vs avg
5yr avg: 1.84
30Y Low0.4·High10.1
P/B Ratio
↑
1.84
↑+101% vs avg
5yr avg: 0.91
30Y Low0.1·High1.4
ROE
↑
5.3%
↓+23% vs avg
5yr avg: 4.3%
30Y Low1%·High36%
Debt/EBITDA
↓
0.00
↓-100% vs avg
5yr avg: 2.44
30Y Low0.0·High6.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
IBKR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Interactive Brokers Group, Inc. trades at 37.8x earnings, 67% above its 5-year average of 22.6x, sitting at the 84th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.3x, the stock trades at a premium of 184%. On a free-cash-flow basis, the stock trades at 2.4x P/FCF, 29% above the 5-year average of 1.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $37.4B | $28.8B | $19.3B | $8.8B | $7.3B | $7.5B | $4.9B | $3.6B | $4.1B | $4.2B | $2.5B |
| Enterprise Value | $32.4B | $23.9B | $31.9B | $16.4B | $12.9B | $16.9B | $10.6B | $4.5B | $5.5B | $5.1B | $4.9B |
| P/E Ratio → | 37.80 | 28.97 | 25.53 | 14.62 | 19.30 | 24.52 | 25.17 | 22.21 | 23.96 | 55.33 | 29.22 |
| P/S Ratio | 3.65 | 2.81 | 2.07 | 1.13 | 1.75 | 2.57 | 2.03 | 1.39 | 1.75 | 2.64 | 1.78 |
| P/B Ratio | 1.84 | 1.41 | 1.16 | 0.62 | 0.63 | 0.74 | 0.55 | 0.45 | 0.57 | 0.65 | 0.42 |
| P/FCF | 2.38 | 1.83 | 2.22 | 1.95 | 1.88 | 1.30 | 0.61 | 1.38 | 1.75 | 4.05 | 4.04 |
| P/OCF | 2.36 | 1.82 | 2.21 | 1.93 | 1.85 | 1.28 | 0.61 | 1.34 | 1.72 | 3.95 | 3.87 |
P/E links to full P/E history page with 30-year chart
IBKR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Interactive Brokers Group, Inc.'s enterprise value stands at 3.6x EBITDA, 14% below its 5-year average of 4.3x. The Financial Services sector median is 11.4x, placing the stock at a 68% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.33 | 3.42 | 2.10 | 3.07 | 5.76 | 4.37 | 1.76 | 2.38 | 3.21 | 3.55 |
| EV / EBITDA | 3.65 | 2.68 | 4.02 | 2.47 | 4.00 | 8.09 | 6.87 | 2.31 | 3.19 | 4.22 | 5.43 |
| EV / EBIT | 3.69 | 2.65 | 4.04 | 2.52 | 4.26 | 8.43 | 6.97 | 2.52 | 3.32 | 4.02 | 5.83 |
| EV / FCF | — | 1.52 | 3.68 | 3.65 | 3.30 | 2.91 | 1.32 | 1.75 | 2.38 | 4.94 | 8.06 |
IBKR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Interactive Brokers Group, Inc. earns an operating margin of 86.0%, significantly above the Financial Services sector average of 21.4%. Operating margins have expanded from 83.8% to 86.0% over the past 3 years, signaling improving operational efficiency. ROE of 5.3% is modest, trailing the sector median of 9.5%. ROIC of 24.7% represents excellent returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 89.8% | 89.8% | 89.0% | 88.3% | 81.4% | 78.4% | 74.5% | 79.1% | 77.0% | 69.3% | 64.8% |
| Operating Margin | 86.0% | 86.0% | 84.2% | 83.8% | 74.6% | 68.6% | 60.8% | 74.0% | 72.6% | 73.0% | 61.6% |
| Net Profit Margin | 9.6% | 9.6% | 8.1% | 7.7% | 9.1% | 10.5% | 8.1% | 6.3% | 7.3% | 4.8% | 6.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 5.3% | 5.3% | 4.9% | 4.7% | 3.5% | 3.2% | 2.3% | 2.1% | 2.5% | 1.2% | 1.5% |
| ROA | 0.6% | 0.6% | 0.5% | 0.5% | 0.3% | 0.3% | 0.2% | 0.2% | 0.3% | 0.1% | 0.2% |
| ROIC | 24.7% | 24.7% | 20.2% | 21.3% | 11.0% | 7.4% | 7.2% | 12.4% | 12.4% | 9.1% | 6.0% |
| ROCE | 22.2% | 22.2% | 26.7% | 28.2% | 14.6% | 9.7% | 9.2% | 15.2% | 14.1% | 9.6% | 8.2% |
IBKR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Interactive Brokers Group, Inc. carries a Debt/EBITDA ratio of 0.0x, which is very conservative (100% below the sector average of 4.1x). The company holds a net cash position — cash of $5.0B exceeds total debt of $19M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 2.1x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.98 | 0.81 | 0.77 | 1.15 | 1.11 | 0.48 | 0.57 | 0.41 | 0.75 |
| Debt / EBITDA | 0.00 | 0.00 | 2.05 | 1.72 | 2.79 | 5.63 | 6.46 | 1.95 | 2.34 | 2.18 | 4.84 |
| Net Debt / Equity | — | -0.24 | 0.76 | 0.54 | 0.48 | 0.92 | 0.63 | 0.12 | 0.20 | 0.14 | 0.42 |
| Net Debt / EBITDA | -0.56 | -0.56 | 1.59 | 1.15 | 1.72 | 4.49 | 3.68 | 0.48 | 0.84 | 0.75 | 2.71 |
| Debt / FCF | — | -0.31 | 1.46 | 1.69 | 1.42 | 1.62 | 0.71 | 0.37 | 0.63 | 0.88 | 4.02 |
| Interest Coverage | 2.13 | 2.13 | 1.88 | 1.89 | 2.96 | 8.98 | 5.81 | 2.80 | 3.58 | 5.66 | 10.63 |
Net cash position: cash ($5.0B) exceeds total debt ($19M)
IBKR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.13x means Interactive Brokers Group, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.13 | 1.13 | 1.16 | 1.12 | 1.09 | 1.14 | 0.59 | 0.60 | 0.63 | 0.66 | 0.53 |
| Quick Ratio | 1.13 | 1.13 | 1.16 | 1.12 | 1.09 | 1.14 | 0.59 | 0.60 | 0.63 | 0.66 | 0.53 |
| Cash Ratio | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.03 | 0.06 | 0.05 | 0.05 | 0.04 | 0.05 |
| Asset Turnover | — | 0.05 | 0.06 | 0.06 | 0.04 | 0.03 | 0.03 | 0.04 | 0.04 | 0.03 | 0.03 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
IBKR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Interactive Brokers Group, Inc. returns 0.6% to shareholders annually — split between a 0.4% dividend yield and 0.2% buyback yield. The payout ratio of 13.6% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 2.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.4% | 0.5% | 0.5% | 0.5% | 0.5% | 0.5% | 0.7% | 0.9% | 0.7% | 0.7% | 1.1% |
| Payout Ratio | 13.6% | 13.6% | 12.2% | 7.0% | 10.5% | 12.3% | 16.4% | 19.3% | 17.2% | 36.8% | 31.0% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.6% | 3.5% | 3.9% | 6.8% | 5.2% | 4.1% | 4.0% | 4.5% | 4.2% | 1.8% | 3.4% |
| FCF Yield | 42.1% | 54.7% | 45.0% | 51.2% | 53.2% | 77.1% | 163.2% | 72.3% | 57.2% | 24.7% | 24.7% |
| Buyback Yield | 0.2% | 0.3% | 0.3% | 0.4% | 0.3% | 0.4% | 0.3% | 0.8% | 1.1% | 0.5% | 1.1% |
| Total Shareholder Yield | 0.6% | 0.8% | 0.8% | 0.9% | 0.8% | 0.9% | 1.0% | 1.6% | 1.8% | 1.2% | 2.1% |
| Shares Outstanding | — | $448M | $436M | $423M | $405M | $380M | $323M | $307M | $297M | $284M | $269M |
Peer Comparison
Compare IBKR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 IBKRYou | $37B | 37.8 | 3.6 | 2.4 | 89.8% | 86.0% | 5.3% | 24.7% | 0.0 |
 SCHW | $164B | 30.9 | 18.3 | 80.1 | 75.4% | 29.6% | 13.3% | 6.0% | 4.9 |
 AMTD | $8M | 0.3 | 6.9 | 1.5 | 45.2% | 48.2% | 3.4% | 1.2% | 8.6 |
 RJF | $31B | 15.4 | 5.1 | 13.9 | 88.2% | 28.7% | 17.7% | 20.9% | 1.0 |
 LPLA | $26B | 30.0 | 11.1 | — | 25.6% | 13.4% | 20.9% | 16.1% | 2.5 |
 SNEX | $6B | 18.4 | 0.2 | — | 99.2% | 99.1% | 15.0% | 579.9% | 0.1 |
 MS | $301B | 23.8 | 25.7 | — | 55.6% | 17.1% | 13.0% | 2.9% | 15.8 |
 GS | $285B | 22.7 | 34.6 | — | 41.1% | 14.5% | 12.0% | 1.9% | 29.7 |
 MKTX | $6B | 20.8 | 12.2 | 15.0 | 68.9% | 41.7% | 20.4% | 18.0% | 0.2 |
 HOOD | $69B | 37.6 | 36.9 | 42.8 | 83.3% | 46.8% | 22.0% | 7.9% | 7.1 |
 FUTU | $56B | 31.7 | 64.0 | 14.2 | 82.0% | 48.7% | 20.7% | 14.8% | 1.3 |
| Financial Services Median | — | 13.3 | 11.4 | 10.6 | 62.9% | 21.4% | 9.5% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonIBKR — Frequently Asked Questions
Quick answers to the most common questions about buying IBKR stock.
What is Interactive Brokers Group, Inc.'s P/E ratio?
Interactive Brokers Group, Inc.'s current P/E ratio is 37.8x. The historical average is 26.6x. This places it at the 84th percentile of its historical range.
What is Interactive Brokers Group, Inc.'s EV/EBITDA?
Interactive Brokers Group, Inc.'s current EV/EBITDA is 3.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 3.8x.
What is Interactive Brokers Group, Inc.'s ROE?
Interactive Brokers Group, Inc.'s return on equity (ROE) is 5.3%. The historical average is 9.4%.
Is IBKR stock overvalued?
Based on historical data, Interactive Brokers Group, Inc. is trading at a P/E of 37.8x. This is at the 84th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Interactive Brokers Group, Inc.'s dividend yield?
Interactive Brokers Group, Inc.'s current dividend yield is 0.36% with a payout ratio of 13.6%.
What are Interactive Brokers Group, Inc.'s profit margins?
Interactive Brokers Group, Inc. has 89.8% gross margin and 86.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Interactive Brokers Group, Inc. have?
Interactive Brokers Group, Inc.'s Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.