IBKRInteractive Brokers Group, Inc.
Security Brokers, Dealers & Flotation Companies
- Revenue
- $2.4B
- 23% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $4.9B
- Employees
- 3,182
- $767K revenue each
- Net debt / EBITDA
- —
- AI in 10-K
- 3.1
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 0 of 7
- TSR below peersNo—3+ of last 5 years
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo355× net incomeCash flow under 80% of net income
- Dilutive SBCNo5% of revenueOver 10% of revenue
- Payouts exceed cash flowNo1% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo98% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeYes$767K · 20th pctBottom quartile of its SIC industry
- Quiet on AINo3.1 per 10K words · 71st pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$4.9B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$35M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.6B | $1.5B | $1.6B | $2.0B | $2.4B | 23% |
| Operating cash flow | $5.9B | $4.0B | $4.5B | $8.7B | $15.8B | 81% |
| Stock-based comp | $80M | $92M | $100M | $112M | $118M | 5.4% |
| Dividends | $38M | $40M | $42M | $92M | $134M | 46% |
Deal filings
None.
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Aug 4, 2022 | IBG Holdings LLC | SC 13D/A | 75.5% | Passive |
| Nov 9, 2020 | IBG Holdings LLC | SC 13D/A | 78.2% | Passive |
Insider trading
- Open-market buys, 12 mo
- $20K · 9
- Open-market sells, 12 mo
- $35M · 10
- Net
- −$35M
Pay vs performance
No pay-versus-performance disclosure yet.