Comfortable leader
16 companies value 268 bn revenue 229 bn margin — free cash flow — avg. score 3.8
SCHW holds 57.8% of the group's value, 4.2x the runner-up
| Rank | Ticker | Company | Share | Value | Revenue | Margin | FCF | 5 years | FCF/px | Yield | What it does · why it is here |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | SCHW | Charles Schwab United States · score 6.6 | 58% | 155 bn | 26 bn | 38.8% | 11 bn | 7.0% | 1.6% | Brokerage, banking and custody for investors and advisors · Largest US retail brokerage by client assets | |
| 2 | IBKR | Interactive Brokers United States · score 7.3 | 14% | 37 bn | 2.7 bn | 179.4% | 16 bn | 43.2% | 0.4% | Electronic brokerage for stocks, options, futures and forex · Lowest-cost global platform; fast-growing account base | |
| 3 | RJF | Raymond James Financial United States · score 6.5 | 11% | 30 bn | 17 bn | 13.6% | 1.4 bn | 4.9% | — | Brokerage, banking and wealth management · Wealth management with a conservative balance sheet | |
| 4 | LPLA | LPL Financial United States · score 3.1 | 9% | 25 bn | 20 bn | 5.1% | -0.9 bn | -3.7% | 0.4% | Platform for independent financial advisors · Largest US platform for independent financial advisors | |
| 5 | SNEX | StoneX Group United States · score 6.3 | 3% | 6.8 bn | 158 bn | 0.3% | 3.8 bn | 55.7% | — | Brokerage and market making in commodities and FX · Physical commodities and FX brokerage for institutional clients | |
| 6 | BGC | BGC Group, Inc. United States · score 5.3 | 2% | 5.4 bn | 3.3 bn | 6.0% | 0.5 bn | 9.0% | 0.7% | Interdealer brokerage, data and technology for financial markets · New York — assets of $5.8bn | |
| 7 | MRX | Marex Group Ltd United Kingdom · score 6.5 | 2% | 5.1 bn | 2.0 bn | 15.2% | 0.7 bn | 12.9% | 1.1% | Commodities brokerage and market making · United Kingdom — assets of $34.7bn | |
| 8 | TOP | TOP Financial Group Ltd Singapore · score 3.0 | 1% | 1.8 bn | 0.0 bn | -30.7% | 0.0 bn | 0.7% | — | Brokerage and financial services, from Hong Kong and Singapore · Singapore — assets of $158m | |
| 9 | WLTH | WEALTHFRONT CORP United States · score 2.9 | 1% | 1.6 bn | 0.4 bn | -19.4% | 0.1 bn | 8.9% | — | Financial solutions platform for digital natives · California — assets of $1.8bn | |
| 10 | CD | Chaince Digital Holdings Inc. United States · score 0.8 | 0% | 0.8 bn | 0.0 bn | -182.5% | 0.0 bn | -0.1% | — | Brokerage and digital financial services · New York — assets of $49m | |
| 11 | SIEB | SIEBERT FINANCIAL CORP United States · score 2.1 | 0% | 0.1 bn | 0.1 bn | -1.1% | 0.0 bn | 19.1% | — | Muriel Siebert & Co. retail brokerage · New York — assets of $969m | |
| 12 | WTF | Waton Financial Ltd Hong Kong · score 0.3 | 0% | 0.1 bn | 0.0 bn | -136.7% | -0.0 bn | -6.3% | — | Online brokerage and financial services · Hong Kong — assets of $55m | |
| 13 | GSIW | Garden Stage Ltd Hong Kong · score 0.0 | 0% | 0.1 bn | 0.0 bn | -190.1% | 0.0 bn | -4.1% | — | Securities brokerage in Hong Kong · Hong Kong — assets of $42m | |
| 14 | BCG | Binah Capital Group, Inc. United States · score 6.1 | 0% | 0.0 bn | 0.2 bn | 2.2% | 0.0 bn | 31.7% | — | Network of independent financial advisors · New York — assets of $71m | |
| 15 | ATCH | AtlasClear Holdings, Inc. United States · score 4.1 | 0% | 0.0 bn | 0.0 bn | 9.8% | -0.0 bn | -25.0% | — | Financial technology platform for trading and underwriting · Florida — assets of $71m | |
| 16 | PLUT | Plutus Financial Group Ltd Hong Kong · score 0.2 | 0% | 0.0 bn | 0.0 bn | -377.3% | -0.0 bn | -33.8% | — | Financial services, from Hong Kong · Hong Kong — assets of $15m |
Other industries in the same sector
- Sector overview
- Global banks (US) 4 companies
- Payments 7 companies
- International banks 22 companies
- Diversified holding companies 36 companies
- Continental European banks 5 companies
- Asian banks 6 companies
- Investment banks 13 companies
- Exchanges and financial data 12 companies
- Property and casualty insurance 27 companies
- Life insurance and annuities 24 companies
- Alternative assets and private equity 21 companies
- Traditional asset management 22 companies
and 31 industries more
- Insurance brokerage 27 companies
- Regional banks — US South 94 companies
- Regional banks — US Midwest 64 companies
- Regional banks — US Northeast 75 companies
- UK banks 3 companies
- Indian banks 2 companies
- Payments infrastructure and fintech 26 companies
- Consumer credit and cards 18 companies
- Specialty insurance 29 companies
- Listed infrastructure 5 companies
- Custody and asset servicing 3 companies
- Digital and crypto brokerages 14 companies
- Digital banks 8 companies
- Regional banks — US West 50 companies
- Reinsurance 8 companies
- Crypto treasuries 50 companies
- Consumer lending fintech 22 companies
- BDCs (private credit) 50 companies
- Mortgage REITs (mREITs) 40 companies
- Crypto mining 34 companies
- Mortgage origination 11 companies
- Electronic trading platforms 3 companies
- Boutique investment banks 11 companies
- Stablecoins and crypto infrastructure 20 companies
- Title insurance 5 companies
- Cross-border remittances 5 companies
- Auto finance 4 companies
- Latin American fintech 3 companies
- Government-backed mortgage finance 3 companies
- Insurtech 4 companies
- Financial services (diversified) 3 companies
What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.
The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.
The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.