$82.25

+1.66 (+2.06%)

Weekly Expected Move ±5.1%

$72 $76 $80 $84 $88

NASDAQ · Financial Services · Investment - Banking & Investment Services · Tech Score Sell · Power 45 · $144.6B mcap · 439M float · 0.984% daily turnover · Short 28% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: none of note held by US funds details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WIDE EDGE

70.2 / 100

NoneWeakNarrowWide

Primary source: Network Effects · ROIC: -492.9%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. IBKR possesses a Wide competitive edge (70.2/100) — durable structural advantages that are difficult for competitors to erode. The primary source of advantage is Network Effects. Negative ROIC of -492.9% indicates the company is currently destroying value, though this may reflect a growth investment phase.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$97

Low

$104

Avg Target

$117

High

Based on 4 analysts since Oct 15, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 9Hold: 9Sell: 1Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$105.31

Analysts13

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-10-20	UBS	Michael Brown	$101	$97	-4	+17.9%	$82.28
2026-10-16	BMO Capital	—	$110	$100	-10	+16.8%	$85.62
2026-10-16	Deutsche Bank	Brian Bedell	$102	$104	+2	+21.5%	$85.59
2026-10-16	Barclays	—	$115	$117	+2	+36.0%	$86.03
2026-10-12	Deutsche Bank	Brian B	Initiated	$102	—	+16.1%	$87.87
2026-10-12	Evercore ISI	—	Initiated	$100	—	+13.8%	$87.87
2026-10-07	Barclays	Benjamin Budish	$114	$115	+1	+27.0%	$90.58
2026-10-07	UBS	Michael Brown	$102	$101	-1	+11.5%	$90.58
2026-10-06	Capital One Financial	—	Initiated	$105	—	+16.0%	$90.55
2026-10-01	Goldman Sachs	James Yaro	$113	$111	-2	+29.4%	$85.81
2026-10-01	Wells Fargo	—	Initiated	$102	—	+18.9%	$85.81
2026-09-01	Goldman Sachs	—	$98	$113	+15	+25.0%	$90.39
2026-09-01	UBS	—	Initiated	$102	—	+4.8%	$97.29
2026-07-22	BMO Capital	—	$82	$110	+28	+18.5%	$92.84
2026-07-22	Piper Sandler	—	$105	$109	+4	+15.4%	$94.42
2026-07-22	Barclays	—	$108	$114	+6	+20.7%	$94.42
2026-07-15	Piper Sandler	—	$80	$105	+25	+9.8%	$95.61
2026-07-09	Barclays	Benjamin Budish	$83	$108	+25	+13.1%	$95.48
2026-05-01	Goldman Sachs	—	$91	$98	+7	+23.3%	$79.50
2026-01-21	BMO Capital	—	$84	$82	-2	+9.4%	$74.93
2026-01-21	Barclays	—	$82	$83	+1	+16.1%	$71.51
2026-01-08	Barclays	—	$80	$82	+2	+14.9%	$71.34
2025-10-17	BMO Capital	—	Initiated	$84	—	+22.6%	$68.52
2025-10-17	Goldman Sachs	—	$102	$91	-11	+32.8%	$68.52
2025-10-17	Barclays	—	$81	$80	-1	+16.8%	$68.52
2025-10-14	Piper Sandler	—	$200	$80	-120	+13.4%	$70.52
2025-10-08	Barclays	—	$193	$81	-112	+16.8%	$69.35
2025-04-16	Barclays	Benjamin Budish	$166	$193	+27	+22.2%	$157.90
2025-01-07	Piper Sandler	Patrick Moley	$163	$200	+37	+4.6%	$191.17
2024-10-08	Piper Sandler	Patrick Moley	Initiated	$163	—	+9.7%	$148.57
2024-10-07	Barclays	Benjamin Budish	$145	$166	+21	+12.3%	$147.85
2024-07-10	Barclays	Benjamin Budish	$136	$145	+9	+15.8%	$125.25
2024-07-08	Jefferies	Daniel Fannon	$138	$150	+12	+21.6%	$123.37
2024-04-17	Jefferies	Daniel Fannon	Initiated	$138	—	+21.8%	$113.27
2024-04-16	Barclays	Benjamin Budish	$90	$136	+46	+24.4%	$109.31
2024-01-09	Raymond James	James Yaro	Initiated	$102	—	+16.8%	$87.32
2024-01-08	Goldman Sachs	James Yaro	$90	$102	+12	+16.3%	$87.72
2022-12-19	Barclays	—	Initiated	$90	—	+29.5%	$69.49
2022-04-20	Goldman Sachs	—	Initiated	$90	—	+34.8%	$66.76

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B+

Oct 27, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. IBKR receives an overall rating of B+. Strongest factors: DCF (5/5), ROE (5/5), D/E (5/5). Areas of concern: ROA (2/5), P/E (1/5), P/B (1/5).

Rating Change History

Date	From	To
2026-10-23	B	B+
2026-10-22	B+	B
2026-10-20	B-	B+
2026-10-19	B	B-
2026-10-16	B-	B
2026-10-12	B	B-
2026-10-01	B-	B
2026-07-27	B+	B-
2026-07-22	B-	B+
2026-07-01	B	B-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 64 Grade A+

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. IBKR scores highest in Momentum (94/100) and lowest in Safety (15/100). An overall grade of A+ places IBKR among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

0.49

Distress Zone

Piotroski F-Score

7/9

✓ ✓ ✓ ✓ ✓ ✓ ✗ ✓ ✗

Beneish M-Score

-2.58

Unlikely Manipulator

Ohlson O-Score

-6.89

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

BBB-

Score: 53.0/100

Trend: Improving

Earnings Quality

75/100

OCF/NI: 14.13x

Accruals: -6.9%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. IBKR scores 0.49, placing it in the Distress Zone (safe > 2.99, distress < 1.81). Historically, companies in this range face elevated bankruptcy risk. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. IBKR scores 7/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. IBKR's score of -2.58 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. IBKR's implied 0.1% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. IBKR receives an estimated rating of BBB- (score: 53.0/100), with a improving trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). IBKR's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

31.27x

PEG

1.21x

P/S

12.47x

P/B

5.99x

P/FCF

2.47x

P/OCF

2.46x

EV/EBITDA

3.20x

EV/Revenue

2.83x

EV/EBIT

3.23x

EV/FCF

1.99x

Earnings Yield

2.87%

FCF Yield

40.42%

Shareholder Yield

0.75%

Graham Number

$27.17

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 31.3x earnings, IBKR commands a growth premium. Graham's intrinsic value formula yields $27.17 per share, 203% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.210

NI / EBT

Interest Burden

0.550

EBT / EBIT

EBIT Margin

0.876

EBIT / Rev

Asset Turnover

0.052

Rev / Assets

Equity Multiplier

39.965

Assets / Equity

ROE

21.0%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. IBKR's ROE of 21.0% is driven by financial leverage (equity multiplier: 39.96x). Note: high leverage means ROE is amplified by debt rather than operational performance. A tax burden ratio of 0.21 suggests the company retains less than 60% of pre-tax earnings after taxes.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

15.00%

Fair P/E

38.50x

Intrinsic Value

$96.32

Price/Value

0.90x

Margin of Safety

9.63%

Premium

-9.63%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with IBKR's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. IBKR actually compounded EPS at 27.2% over three years; the model uses 15%, the highest rate it will extrapolate — of 4,457 company-quarters that grew faster than 200%, none sustained it over the following seven years. IBKR trades at a -10% premium to its adjusted intrinsic value of $96.32, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 38.5x compares to the current market P/E of 31.3x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$82.25

Median 1Y

$102.02

5th Pctile

$55.56

95th Pctile

$187.27

Ann. Volatility

36.3%

Analyst Target

$105.31

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Milan Galik Officer, ecutive Officer, President and Director	$590,000	$14,550,000	$19,669,486
Paul J. Brody Chief Financial Officer, Treasurer, Secretary and Director	$590,000	$3,500,000	$6,869,565
Earl H. Nemser Vice Chairman and Director	$770,000	$1,550,000	$3,572,380
Thomas A. Frank Executive Vice President	$590,000	$900,000	$1,971,021
Thomas Peterffy Chairman	$591,500	$—	$766,500

CEO Pay Ratio

224:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $19,669,486

Avg Employee Cost (SGA/emp): $87,681

Employees: 3,182

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

3,182

+6.1% YoY

Revenue / Employee

$3,215,588

Rev: $10,232,000,000

Profit / Employee

$309,239

NI: $984,000,000

SGA / Employee

$87,681

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	15.8%	14.2%	12.2%	10.9%	12.4%	14.5%	16.7%	17.9%	19.0%	18.7%	18.6%	19.2%	18.5%	19.2%	19.3%	19.1%	19.8%	20.4%	20.6%	21.0%	20.99%
ROA	0.3%	0.3%	0.3%	0.2%	0.3%	0.3%	0.4%	0.4%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.6%	0.6%	0.5%	0.53%
ROIC	16.8%	14.0%	15.5%	15.7%	24.3%	34.8%	36.1%	48.4%	54.6%	53.4%	45.7%	42.7%	39.7%	42.8%	40.7%	34.6%	8.8%	19.2%	16.4%	-4.9%	-4.93%
ROCE	9.8%	9.1%	7.7%	7.7%	10.6%	14.6%	17.5%	21.9%	24.9%	25.4%	23.7%	23.4%	22.8%	23.8%	23.1%	20.4%	18.1%	19.6%	17.3%	14.3%	14.28%
Gross Margin	76.8%	77.9%	75.2%	77.1%	82.8%	85.9%	87.2%	88.0%	88.9%	88.8%	88.8%	88.7%	89.1%	89.5%	88.1%	88.7%	90.8%	91.1%	96.1%	95.2%	95.19%
Operating Margin	42.0%	62.0%	66.2%	68.1%	76.8%	82.9%	83.3%	81.8%	85.0%	84.8%	84.9%	84.9%	81.3%	85.7%	83.9%	84.8%	87.2%	87.5%	87.3%	86.4%	86.39%
Net Margin	6.1%	9.2%	9.9%	8.7%	8.6%	9.2%	8.5%	6.5%	8.2%	7.6%	8.0%	7.8%	7.7%	9.0%	9.2%	9.1%	9.7%	10.3%	9.9%	10.6%	10.57%
EBITDA Margin	44.4%	61.8%	63.5%	63.9%	74.6%	84.6%	85.6%	79.8%	87.5%	86.1%	86.7%	84.3%	84.4%	87.6%	87.7%	87.4%	91.3%	88.4%	87.3%	87.3%	87.27%
FCF Margin	3.8%	2.0%	1.5%	79.1%	1.0%	93.0%	16.4%	55.8%	29.1%	57.7%	86.3%	76.7%	1.0%	93.1%	1.0%	1.6%	1.6%	1.5%	1.6%	1.4%	1.43%
OCF Margin	3.8%	2.0%	1.5%	81.5%	1.1%	94.7%	17.7%	56.9%	29.9%	58.4%	86.8%	77.1%	1.0%	93.6%	1.0%	1.6%	1.6%	1.5%	1.6%	1.4%	1.43%
ROE 3Y Avg	snapshot only																				17.93%
ROE 5Y Avg	snapshot only																				15.99%
ROA 3Y Avg	snapshot only																				0.47%
ROIC Economic	snapshot only																				1.55%
Cash ROA	snapshot only																				6.44%
NOPAT Margin	snapshot only																				79.61%
Pretax Margin	snapshot only																				48.22%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				4.08%
SBC / Revenue	snapshot only																				1.12%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	19.07	25.28	23.38	21.18	20.71	19.42	18.60	16.85	15.88	14.73	19.07	19.39	21.73	25.53	22.67	29.12	33.47	29.27	28.97	34.79	31.274
P/S Ratio	2.10	2.65	2.27	1.81	1.87	1.76	1.63	1.36	1.28	1.13	1.45	1.53	1.69	2.07	1.91	2.54	3.10	2.81	2.83	3.53	12.466
P/B Ratio	2.55	3.25	2.61	2.13	2.41	2.59	2.82	2.71	2.70	2.47	3.20	3.36	3.66	4.50	3.99	5.06	6.01	5.37	5.38	6.64	5.985
P/FCF	0.55	1.34	1.52	2.29	1.82	1.89	9.92	2.44	4.39	1.97	1.68	2.00	1.65	2.22	1.88	1.62	1.92	1.83	1.79	2.47	2.474
P/OCF	0.55	1.32	1.49	2.22	1.78	1.86	9.20	2.39	4.26	1.94	1.67	1.99	1.64	2.21	1.87	1.61	1.91	1.82	1.79	2.46	2.462
EV/EBITDA	6.49	8.22	2.23	7.56	5.56	4.15	3.86	2.95	2.61	2.49	3.15	3.36	3.70	3.99	3.87	4.92	3.02	2.63	2.65	3.20	3.200
EV/Revenue	4.83	5.85	1.44	4.45	3.72	3.08	3.07	2.41	2.20	2.11	2.69	2.90	3.16	3.42	3.33	4.27	2.67	2.33	2.35	2.83	2.834
EV/EBIT	6.74	8.55	2.34	7.95	5.79	4.28	3.95	3.01	2.65	2.53	3.20	3.41	3.75	4.05	3.92	4.98	3.05	2.65	2.68	3.23	3.234
EV/FCF	1.27	2.95	0.96	5.62	3.60	3.31	18.73	4.32	7.58	3.66	3.11	3.78	3.09	3.68	3.28	2.71	1.66	1.52	1.49	1.99	1.988
Earnings Yield	5.2%	4.0%	4.3%	4.7%	4.8%	5.1%	5.4%	5.9%	6.3%	6.8%	5.2%	5.2%	4.6%	3.9%	4.4%	3.4%	3.0%	3.4%	3.5%	2.9%	2.87%
FCF Yield	1.8%	74.7%	65.8%	43.7%	55.1%	52.8%	10.1%	41.0%	22.8%	50.9%	59.4%	50.1%	60.7%	45.0%	53.2%	61.8%	52.1%	54.7%	55.7%	40.4%	40.42%
PEG Ratio	snapshot only																				1.210
Price/Tangible Book	snapshot only																				6.635
EV/OCF	snapshot only																				1.978
EV/Gross Profit	snapshot only																				3.036
Acquirers Multiple	snapshot only																				3.254
Shareholder Yield	snapshot only																				0.75%
Graham Number	snapshot only																				$27.17

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	0.67	1.14	1.11	1.11	1.11	1.09	1.10	1.09	1.12	1.12	1.13	1.15	1.12	1.16	1.13	1.11	1.15	1.13	1.17	1.22	1.220
Quick Ratio	0.67	1.14	1.11	1.11	1.11	1.09	1.10	1.09	1.12	1.12	1.13	1.15	1.12	1.16	1.13	1.11	1.15	1.13	1.17	1.22	1.220
Debt/Equity	4.53	4.93	0.13	4.24	3.56	3.15	3.58	3.25	3.10	3.17	3.81	4.00	4.07	3.80	3.76	4.40	0.18	0.00	0.00	0.00	0.002
Net Debt/Equity	3.31	3.93	-0.96	3.10	2.37	1.94	2.50	2.09	1.97	2.12	2.72	3.00	3.20	2.95	2.98	3.43	-0.83	-0.92	-0.91	-1.30	-1.304
Debt/Assets	0.10	0.11	0.00	0.09	0.08	0.08	0.09	0.09	0.09	0.09	0.11	0.11	0.11	0.11	0.11	0.12	0.00	0.00	0.00	0.00	0.000
Debt/EBITDA	5.02	5.64	0.17	6.13	4.14	2.88	2.59	2.00	1.73	1.72	2.03	2.11	2.20	2.04	2.08	2.55	0.10	0.00	0.00	0.00	0.001
Net Debt/EBITDA	3.67	4.50	-1.30	4.48	2.76	1.78	1.82	1.28	1.10	1.15	1.45	1.59	1.73	1.58	1.65	1.99	-0.48	-0.54	-0.54	-0.78	-0.783
Interest Coverage	9.06	8.98	9.16	6.20	4.19	2.96	2.41	2.09	1.98	1.89	1.85	1.87	1.85	1.88	1.94	2.00	2.08	2.13	2.16	2.18	2.182
Equity Multiplier	45.60	45.56	46.59	44.92	42.84	40.43	39.81	38.19	35.59	35.78	35.43	34.80	35.83	35.08	35.02	37.61	39.21	37.90	39.17	41.89	41.888
Cash Ratio	snapshot only																				0.043
Debt Service Coverage	snapshot only																				2.204
Cash to Debt	snapshot only																				593.154
FCF to Debt	snapshot only																				1218.000
Defensive Interval	snapshot only																				64354.7 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.03	0.03	0.03	0.03	0.03	0.04	0.04	0.05	0.06	0.06	0.07	0.07	0.07	0.07	0.07	0.06	0.06	0.06	0.06	0.05	0.052
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover (trade)	0.07	0.06	0.06	0.06	0.08	0.09	0.12	0.15	0.17	0.19	0.18	0.18	0.18	0.17	0.16	0.15	0.14	0.13	0.14	0.12	0.125
Payables Turnover	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.005
DSO (trade)	5210	5852	5894	5680	4831	4079	3078	2451	2138	1951	2013	2057	2066	2133	2231	2371	2590	2763	2584	2931	2930.6 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.0 days
DPO	45136	46859	48613	45853	44688	42388	41825	40081	39077	39203	38694	38051	38346	39072	39129	41959	46110	47667	59713	78313	78312.7 days
Cash Conversion Cycle (trade)	-39926	-41008	-42719	-40173	-39857	-38309	-38747	-37631	-36939	-37252	-36681	-35994	-36280	-36939	-36898	-39588	-43519	-44904	-57129	-75382	-75382.1 days
Cash Velocity	snapshot only																				1.440
Capital Intensity	snapshot only																				22.266

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	18.3%	21.5%	8.2%	9.6%	21.3%	42.6%	84.8%	1.1%	1.1%	85.8%	58.3%	37.1%	25.4%	19.6%	14.4%	11.2%	10.1%	9.8%	12.7%	15.8%	15.76%
Net Income	85.7%	57.9%	7.0%	-19.6%	-0.3%	23.4%	66.1%	1.0%	85.2%	57.9%	37.8%	34.1%	21.2%	25.8%	26.5%	23.1%	31.4%	30.3%	30.9%	34.4%	34.37%
EPS	50.8%	38.3%	-0.5%	-25.7%	-5.1%	19.3%	58.4%	90.9%	77.5%	51.8%	32.6%	28.9%	18.4%	23.7%	25.5%	21.1%	28.9%	27.7%	27.3%	31.8%	31.79%
FCF	1.8%	-27.4%	-35.6%	-75.0%	-67.1%	-33.0%	-79.7%	49.3%	-41.2%	15.3%	7.3%	88.3%	3.4%	93.0%	34.7%	1.3%	73.5%	81.5%	75.1%	5.0%	4.95%
EBITDA	33.2%	31.8%	-4.2%	-20.5%	9.2%	48.5%	1.3%	1.9%	1.6%	1.1%	69.6%	44.6%	26.7%	20.9%	15.6%	12.1%	14.4%	13.8%	16.1%	18.1%	18.12%
Op. Income	18.9%	16.7%	0.4%	-5.1%	31.0%	74.8%	1.4%	1.9%	1.5%	1.1%	67.9%	42.7%	26.3%	20.2%	14.1%	10.0%	12.2%	12.2%	16.5%	20.1%	20.10%
OCF Growth	snapshot only																				5.10%
Asset Growth	snapshot only																				36.28%
Equity Growth	snapshot only																				22.36%
Debt Growth	snapshot only																				-99.94%
Shares Change	snapshot only																				1.96%
Dividend Growth	snapshot only																				24.29%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	10.9%	10.0%	7.3%	7.5%	10.5%	18.1%	26.0%	35.7%	44.2%	47.6%	46.8%	47.1%	47.0%	46.9%	49.6%	47.8%	42.3%	34.6%	26.8%	20.8%	20.84%
Revenue 5Y	15.7%	16.3%	15.8%	16.2%	18.4%	21.3%	23.6%	26.3%	28.1%	28.7%	29.3%	29.2%	28.7%	29.6%	29.3%	30.7%	32.9%	33.4%	32.5%	32.6%	32.58%
EPS 3Y	25.4%	11.3%	7.1%	6.2%	14.9%	20.8%	29.0%	35.0%	36.5%	35.8%	27.8%	22.3%	25.9%	30.8%	38.1%	43.9%	39.4%	33.8%	28.4%	27.2%	27.19%
EPS 5Y	17.7%	20.3%	21.0%	20.9%	21.7%	28.4%	26.6%	25.2%	27.1%	20.1%	20.9%	24.1%	26.1%	27.0%	29.0%	30.9%	31.1%	31.7%	27.3%	23.9%	23.90%
Net Income 3Y	36.0%	22.1%	16.8%	15.9%	24.8%	33.1%	42.3%	47.6%	50.8%	45.4%	34.8%	29.2%	30.8%	34.8%	42.5%	48.9%	43.4%	37.3%	31.6%	30.4%	30.38%
Net Income 5Y	26.3%	29.7%	29.6%	29.0%	30.6%	38.0%	35.9%	34.4%	36.0%	28.8%	29.5%	33.1%	34.3%	36.2%	38.1%	39.6%	40.4%	38.2%	32.3%	28.9%	28.93%
EBITDA 3Y	7.4%	7.0%	0.7%	-1.0%	7.2%	18.6%	32.4%	45.8%	56.5%	60.9%	54.8%	50.1%	53.9%	56.3%	64.8%	68.3%	56.3%	43.0%	31.6%	24.2%	24.18%
EBITDA 5Y	16.4%	18.6%	18.2%	16.7%	19.9%	18.6%	22.4%	25.8%	29.0%	31.1%	31.6%	32.8%	32.7%	33.8%	35.4%	38.1%	40.9%	41.8%	37.9%	34.9%	34.95%
Gross Profit 3Y	12.1%	11.2%	7.2%	6.9%	10.5%	19.4%	29.1%	41.1%	51.9%	56.2%	54.6%	54.1%	53.6%	53.2%	57.0%	55.2%	48.4%	39.1%	30.5%	24.0%	24.02%
Gross Profit 5Y	19.7%	20.8%	20.2%	20.5%	22.7%	25.3%	27.6%	30.4%	32.0%	32.6%	32.9%	32.6%	31.8%	32.8%	32.6%	34.5%	37.6%	38.5%	37.6%	37.7%	37.71%
Op. Income 3Y	3.4%	2.9%	-2.6%	-1.0%	7.3%	18.2%	31.2%	45.2%	57.5%	61.5%	60.4%	57.2%	60.7%	63.1%	67.4%	65.2%	52.6%	40.7%	30.7%	23.5%	23.52%
Op. Income 5Y	16.2%	16.3%	15.7%	16.3%	20.7%	22.1%	24.8%	27.4%	29.4%	31.5%	30.6%	31.8%	31.4%	32.6%	34.1%	36.9%	40.8%	41.5%	40.6%	38.7%	38.71%
FCF 3Y	62.9%	35.9%	35.2%	2.2%	27.9%	14.6%	-50.9%	-5.9%	-18.9%	-17.5%	2.8%	-11.1%	-5.2%	14.2%	31.5%	85.8%	65.2%	59.2%	1.7%	65.2%	65.22%
FCF 5Y	1.3%	62.3%	29.1%	2.3%	5.6%	13.9%	-19.1%	6.4%	-3.5%	14.1%	33.1%	24.6%	40.3%	27.3%	5.8%	29.0%	32.5%	14.4%	20.7%	11.0%	10.96%
OCF 3Y	62.5%	35.8%	34.6%	2.2%	27.0%	14.2%	-49.8%	-5.7%	-18.5%	-17.4%	2.7%	-11.1%	-5.2%	14.0%	30.9%	84.2%	64.2%	58.5%	1.6%	64.4%	64.43%
OCF 5Y	1.2%	61.1%	29.0%	2.7%	5.9%	14.0%	-18.0%	6.5%	-3.3%	14.0%	32.4%	24.0%	39.2%	26.8%	5.8%	28.8%	32.3%	14.4%	20.6%	10.9%	10.92%
Assets 3Y	19.6%	21.7%	21.7%	19.7%	19.1%	17.1%	16.4%	12.8%	12.5%	10.3%	8.4%	9.4%	11.8%	11.2%	11.3%	17.0%	20.4%	20.9%	22.3%	27.0%	27.05%
Assets 5Y	14.1%	14.8%	15.3%	14.5%	13.9%	13.5%	15.1%	14.9%	14.2%	16.2%	15.8%	15.7%	17.0%	15.9%	15.8%	16.7%	18.8%	16.3%	16.1%	18.8%	18.84%
Equity 3Y	23.3%	23.2%	22.8%	22.3%	24.0%	25.2%	26.4%	27.1%	28.2%	22.5%	22.4%	22.2%	21.2%	21.4%	22.4%	24.1%	24.0%	23.5%	23.0%	23.2%	23.19%
Book Value 3Y	13.7%	12.2%	12.7%	12.0%	14.1%	13.5%	14.6%	16.3%	16.0%	14.4%	16.1%	15.7%	16.6%	17.8%	18.6%	20.0%	20.6%	20.4%	20.0%	20.2%	20.18%
Dividend 3Y	-2.2%	-3.5%	-3.9%	-4.2%	-5.5%	-7.7%	-7.0%	-7.8%	-8.8%	-5.1%	-3.6%	6.9%	18.2%	26.0%	31.7%	21.1%	14.8%	10.5%	7.1%	5.6%	5.57%

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.91	0.91	0.90	0.93	0.92	0.85	0.69	0.62	0.64	0.68	0.72	0.75	0.77	0.83	0.86	0.89	0.92	0.95	0.98	0.99	0.988
Earnings Stability	0.78	0.86	0.93	0.80	0.90	0.92	0.87	0.78	0.83	0.85	0.87	0.84	0.90	0.94	0.95	0.92	0.95	0.97	0.96	0.93	0.934
Margin Stability	0.93	0.92	0.92	0.92	0.93	0.94	0.94	0.94	0.93	0.93	0.93	0.93	0.93	0.94	0.93	0.93	0.92	0.92	0.93	0.93	0.931
Rev. Growth Consistency	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	1.00	1.00	1.00	0.00	0.00	1.00	1.00	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.50	0.50	0.97	0.92	1.00	0.91	0.50	0.50	0.50	0.50	0.85	0.86	0.92	0.90	0.89	0.91	0.87	0.88	0.88	0.86	0.863
Earnings Smoothness	0.40	0.55	0.93	0.78	1.00	0.79	0.50	0.33	0.40	0.55	0.68	0.71	0.81	0.77	0.77	0.79	0.73	0.74	0.73	0.71	0.707
ROE Trend	0.02	0.02	-0.00	-0.02	-0.00	0.02	0.03	0.04	0.04	0.04	0.04	0.04	0.03	0.03	0.02	0.01	0.01	0.01	0.01	0.02	0.017
Gross Margin Trend	0.01	0.02	-0.00	-0.00	0.02	0.05	0.08	0.09	0.09	0.08	0.08	0.07	0.06	0.04	0.02	0.01	0.01	0.01	0.03	0.05	0.045
FCF Margin Trend	2.66	-0.19	-1.14	-1.78	-1.69	-1.72	-1.84	-1.57	-2.13	-0.88	0.03	0.09	0.36	0.18	0.50	0.91	0.96	0.78	0.64	0.26	0.256
Sustainable Growth Rate	14.0%	12.4%	10.5%	9.2%	10.8%	13.0%	15.2%	16.4%	17.6%	17.4%	17.3%	17.6%	16.5%	16.9%	16.6%	16.5%	17.1%	17.6%	17.7%	18.2%	18.25%
Internal Growth Rate	0.3%	0.3%	0.2%	0.2%	0.2%	0.3%	0.4%	0.4%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.5%	0.46%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	34.83	19.14	15.65	9.54	11.65	10.44	2.02	7.05	3.72	7.57	11.40	9.77	13.26	11.55	12.14	18.07	17.49	16.07	16.22	14.13	14.134
FCF/OCF	0.99	0.99	0.98	0.97	0.98	0.98	0.93	0.98	0.97	0.99	0.99	0.99	1.00	0.99	0.99	1.00	1.00	1.00	1.00	0.99	0.995
FCF/Net Income	snapshot only																				14.062
OCF/EBITDA	snapshot only																				1.618
CapEx/Revenue	2.5%	2.6%	2.7%	2.4%	2.2%	1.6%	1.3%	1.1%	0.8%	0.6%	0.5%	0.5%	0.5%	0.5%	0.6%	0.6%	0.6%	0.7%	0.7%	0.7%	0.73%
CapEx/Depreciation	snapshot only																				0.794
Accruals Ratio	-0.11	-0.05	-0.04	-0.02	-0.03	-0.03	-0.00	-0.03	-0.01	-0.03	-0.05	-0.05	-0.06	-0.06	-0.06	-0.09	-0.09	-0.08	-0.08	-0.07	-0.069
Sloan Accruals	snapshot only																				0.111
Cash Flow Adequacy	snapshot only																				69.803
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	0.6%	0.5%	0.6%	0.7%	0.6%	0.5%	0.5%	0.5%	0.4%	0.5%	0.4%	0.4%	0.5%	0.5%	0.6%	0.5%	0.4%	0.5%	0.5%	0.4%	0.41%
Dividend/Share	$0.09	$0.09	$0.10	$0.10	$0.10	$0.10	$0.10	$0.10	$0.10	$0.10	$0.10	$0.14	$0.17	$0.21	$0.25	$0.26	$0.28	$0.30	$0.32	$0.33	$0.34
Payout Ratio	11.9%	12.3%	13.9%	15.7%	12.9%	10.5%	9.0%	8.1%	7.1%	7.0%	6.9%	8.7%	10.9%	12.2%	13.6%	13.8%	13.6%	13.6%	13.8%	13.1%	13.06%
FCF Payout Ratio	0.3%	0.7%	0.9%	1.7%	1.1%	1.0%	4.8%	1.2%	2.0%	0.9%	0.6%	0.9%	0.8%	1.1%	1.1%	0.8%	0.8%	0.9%	0.9%	0.9%	0.93%
Total Payout Ratio	11.9%	12.3%	13.9%	15.7%	12.9%	10.5%	9.0%	8.1%	7.1%	7.0%	6.9%	8.7%	10.9%	12.2%	13.6%	23.9%	22.8%	22.2%	21.9%	26.0%	26.02%
Div. Increase Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Chowder Number	0.20	0.19	0.16	0.15	0.09	0.06	0.08	0.03	0.03	0.05	0.05	0.44	0.86	1.20	1.52	0.97	0.65	0.46	0.33	0.27	0.271
Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.3%	0.3%	0.3%	0.3%	0.4%	0.37%
Net Buyback Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-0.0%	-0.0%	-0.0%	-0.0%	-0.0%	-0.0%	-0.0%	-0.01%
Total Shareholder Return	0.6%	0.5%	0.6%	0.7%	0.6%	0.5%	0.5%	0.5%	0.4%	0.5%	0.4%	0.4%	0.5%	0.5%	0.6%	0.4%	0.4%	0.4%	0.4%	0.4%	0.37%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.17	0.17	0.18	0.18	0.18	0.19	0.19	0.19	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.21	0.21	0.21	0.210
Interest Burden (EBT/EBIT)	0.89	0.89	0.89	0.84	0.76	0.66	0.58	0.52	0.49	0.47	0.46	0.46	0.46	0.47	0.48	0.50	0.52	0.53	0.54	0.55	0.550
EBIT Margin	0.72	0.68	0.61	0.56	0.64	0.72	0.78	0.80	0.83	0.84	0.84	0.85	0.84	0.85	0.85	0.86	0.88	0.88	0.88	0.88	0.876
Asset Turnover	0.03	0.03	0.03	0.03	0.03	0.04	0.04	0.05	0.06	0.06	0.07	0.07	0.07	0.07	0.07	0.06	0.06	0.06	0.06	0.05	0.052
Equity Multiplier	48.47	47.12	48.57	46.58	44.12	42.77	42.86	41.18	38.79	37.84	37.38	36.31	35.72	35.40	35.21	36.35	37.70	36.65	37.32	39.96	39.965

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$0.80	$0.77	$0.69	$0.64	$0.76	$0.92	$1.09	$1.22	$1.35	$1.39	$1.45	$1.57	$1.59	$1.72	$1.82	$1.90	$2.05	$2.20	$2.32	$2.50	$2.50
Book Value/Share	$5.97	$5.97	$6.19	$6.33	$6.53	$6.87	$7.21	$7.56	$7.92	$8.31	$8.63	$9.04	$9.46	$9.76	$10.33	$10.93	$11.43	$11.97	$12.46	$13.12	$51.41
Tangible Book/Share	$5.97	$5.97	$6.19	$6.33	$6.53	$6.87	$7.21	$7.56	$7.92	$8.31	$8.63	$9.04	$9.46	$9.65	$10.33	$10.93	$11.43	$11.97	$12.46	$13.12	$13.12
Revenue/Share	$7.25	$7.33	$7.09	$7.45	$8.37	$10.11	$12.51	$15.06	$16.76	$18.06	$19.04	$19.85	$20.53	$21.23	$21.62	$21.74	$22.18	$22.85	$23.69	$24.68	$25.64
FCF/Share	$27.64	$14.51	$10.61	$5.90	$8.65	$9.40	$2.05	$8.40	$4.87	$10.42	$16.43	$15.22	$21.03	$19.77	$21.95	$34.18	$35.79	$35.15	$37.38	$35.18	$35.01
OCF/Share	$27.81	$14.71	$10.80	$6.07	$8.83	$9.57	$2.21	$8.57	$5.01	$10.54	$16.53	$15.31	$21.12	$19.88	$22.08	$34.30	$35.92	$35.30	$37.55	$35.36	$35.19
Cash/Share	$7.26	$5.97	$6.72	$7.22	$7.76	$8.29	$7.72	$8.81	$8.93	$8.70	$9.39	$9.02	$8.21	$8.28	$8.03	$10.62	$11.48	$11.08	$11.34	$17.13	$13.12
EBITDA/Share	$5.39	$5.22	$4.57	$4.38	$5.60	$7.49	$9.94	$12.29	$14.15	$15.31	$16.21	$17.09	$17.51	$18.20	$18.60	$18.86	$19.65	$20.29	$21.01	$21.85	$21.85
Debt/Share	$27.04	$29.42	$0.78	$26.86	$23.22	$21.60	$25.78	$24.60	$24.51	$26.35	$32.89	$36.12	$38.46	$37.07	$38.77	$48.11	$2.02	$0.04	$0.03	$0.03	$0.03
Net Debt/Share	$19.77	$23.45	$-5.94	$19.64	$15.46	$13.32	$18.06	$15.79	$15.58	$17.65	$23.50	$27.10	$30.25	$28.78	$30.75	$37.49	$-9.46	$-11.04	$-11.31	$-17.10	$-17.10

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.492
Altman Z-Prime	snapshot only																				1.544
Piotroski F-Score	7	7	7	6	7	7	6	7	7	7	7	7	6	7	6	5	7	6	7	7	7
Beneish M-Score	-2.46	-2.68	-2.73	-2.94	-2.74	-2.18	-1.81	-1.91	-2.15	-2.39	-2.43	-2.31	-2.60	-2.36	-2.48	-2.51	-2.34	-2.25	-2.42	-2.58	-2.580
Ohlson O-Score	snapshot only																				-6.892
ROIC (Greenblatt)	snapshot only																				24.69%
Net-Net WC	snapshot only																				$-14.44

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				BBB-
Credit Score	41.65	42.17	62.35	35.00	36.99	37.43	29.71	37.46	31.61	36.56	34.97	35.11	37.99	37.26	37.21	38.87	52.67	53.18	53.13	53.01	53.008
Credit Grade	snapshot only																				10
Credit Trend	snapshot only																				14.133
Implied Spread (bps)	snapshot only																				350.000
Industry Credit Rank	snapshot only																				46
Sector Credit Rank	snapshot only																				36

IBKR NASDAQ

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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