Interactive Brokers Group, Inc. (IBKR) vs IREN Limited (IREN)

Interactive Brokers Group, Inc. and IREN Limited are both Capital Markets companies. Interactive Brokers Group, Inc. is the larger, with a market value of $40.9B against $18.4B — 2.2× the size. IREN Limited has negative trailing earnings, so its P/E is not meaningful; Interactive Brokers Group, Inc. trades at 35.3×. IREN Limited grew revenue faster over the last twelve months: 41.1% against 21.3%. Interactive Brokers Group, Inc. has the higher net margin (16.4% vs −99.4%) and the higher return on invested capital (0.00% vs −5.53%). Across the 19 metrics below, Interactive Brokers Group, Inc. leads on 16 and IREN Limited on 3.

Valuation

Metric IBKR IREN Capital Markets median
P/E 35.25 n/m 15.78
P/S 5.82 19.73 2.32
P/B 1.80 3.33 1.89
Price to free cash flow 2.52 n/m 6.25
EV/EBITDA n/m 319.38 8.87
EV/Sales (12.76) 19.94 2.28
Earnings yield 2.84% (4.53%) (3.77%)
Free cash flow yield 39.64% (6.26%) (1.49%)

Profitability

Metric IBKR IREN Capital Markets median
Gross margin 93.72% 68.92% 62.80%
Operating margin 78.19% (54.17%) 0.00%
Net margin 16.41% (99.38%) (0.55%)
Free cash flow margin 230.72% (123.59%) 0.00%
Return on equity 5.52% (23.41%) 0.00%
Return on assets 0.53% (7.50%) 0.00%
Return on invested capital 0.00% (5.53%) 0.00%

Growth

Metric IBKR IREN Capital Markets median
Revenue growth (TTM) 21.28% 41.11% 21.02%
EPS growth (last fiscal year) 28.14% (669.23%) —
Revenue growth, 5-year CAGR 22.84% 142.17% 18.16%
Net income growth, 5-year CAGR 38.23% 0.00% 0.00%

Health

Metric IBKR IREN Capital Markets median
Debt to equity 0.00 1.84 0.08
Current ratio 1.09 3.55 1.51
Net debt to EBITDA (20.66) 3.30 (0.24)

Dividend

Metric IBKR IREN Capital Markets median
Dividend yield 0.42% — 2.20%
Payout ratio 0.08 0.00 0.00

Size

Metric IBKR IREN Capital Markets median
Market cap 40.91b 18.38b 724.58m

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