Circle Internet Group, Inc. · CRCL
$24M
$24M
$32M
$94M
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$365M
$430M
$446M
$435M
$579M
$658M
$740M
$770M
$694M
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20-quarter listed-company comparison
Capital Markets Stocks
Capital Markets: Morgan Stanley owns the largest revenue base; Hut 8 Corp. has the fastest current growth.
01 · the industry itself · before any single company
How has Capital Markets moved against S&P 500?
The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this industry is 35% ahead of S&P 500. Earnings across its companies grew 28% on average over the last four reported quarters.
BASING · +-4 joined✓Price and the fundamentals both up13 of 51 companies ahead of S&P 500 by 5% or more over three months8 are 20% or more behind over a year while earnings grew 20% or more
RS — · 25/50 >200d (+6) · 13/51 lead (−4) · EPS 32/48↑
Capital Markets, equal-weighted, based at 200
S&P 500, same base, same start
trailing 12-month earnings per share rising
falling
Capital Markets, equal-weighted, based at 200
S&P 500, same base, same start
trailing 12-month earnings per share rising
falling
Capital Markets, equal-weighted, based at 200
S&P 500, same base, same start
trailing 12-month earnings per share rising
falling
Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 51 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
02 · sector relative strength, before individual stocks
Is Capital Markets outperforming S&P 500?
Capital Markets has outperformed S&P 500 by 6.5% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 5.5%. 10 of 26 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Hut 8 Corp. is the strongest against the sector itself at +47.6%.
-5.5%Sector vs S&P 500 · 13 weeks
+6.5%Sector vs S&P 500 · 52 weeks
10/26Stocks leading S&P 500
11/26Stocks leading sector
Sector metric: — as of latest available · unclassified · direction unavailable.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
Capital Markets has outperformed S&P 500 by 6.5% over 52 weeks and 5.5% over 13 weeks. 10 of 26 covered companies beat the S&P 500 on Mansfield relative strength, while 11 of 26 beat the sector itself. Morgan Stanley leads with income of $78,042 million, based on 13 of 27 comparable companies through Jun 2026.
Companies
27
complete canonical membership
Combined market value
$1.2T
Morgan Stanley
Revenue growing
13/13
positive TTM year-on-year growth
Beating S&P 500
10/26
positive Mansfield relative strength
Comparing 5 of 27
03 · research priority, made explicit
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Marex Group Limited has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 76% evidence confidence.
Virtu Financial, Inc. looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Virtu Financial, Inc. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Marex Group LimitedMRX | 65.0/100Favorable setup76% evidence | LEADER | 24.0/35 Income 32.6% · PAT 40.9% 71% evidence | 12.4/25 ROA 0.6% · ROE 9.4% · GNPA — 68% evidence | 9.5/20 P/BV 2.56× · P/BV÷ROE 0.27 70% evidence | 19.1/20 RS sector 33.4% · RS bench 31.9% · 1Y 81.1%12 of 12 weeks ahead 100% evidence |
| Exact sum: 24 + 12.4 + 9.5 + 19.1 = 65 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2Morgan StanleyMS | 63.1/100Mixed-positive evidence80% evidence | LEADER | 21.1/35 Income 18% · PAT 36.8% 81% evidence | 13.7/25 ROA 0.8% · ROE 10.3% · GNPA — 68% evidence | 11.3/20 P/BV 2.27× · P/BV÷ROE 0.22 70% evidence | 17.0/20 RS sector 10.2% · RS bench 9% · 1Y 51.6%12 of 12 weeks ahead 100% evidence |
| Exact sum: 21.1 + 13.7 + 11.3 + 17 = 63.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Virtu Financial, Inc.VIRT | 63.0/100Mixed-positive evidence60% evidence | LEADER | 14.1/35 Income — · PAT — 26% evidence | 16.8/25 ROA 1.3% · ROE 14.4% · GNPA — 68% evidence | 13.9/20 P/BV 2.21× · P/BV÷ROE 0.15 70% evidence | 18.2/20 RS sector 19.7% · RS bench 18.4% · 1Y 34.3%12 of 12 weeks ahead 100% evidence |
| Exact sum: 14.1 + 16.8 + 13.9 + 18.2 = 63 · Decision use: Price leads the evidence: RS versus the benchmark is 18.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 4StoneX Group Inc.SNEX | 62.2/100Mixed-positive evidence62% evidence | FADING | 24.5/35 Income 38% · PAT 56.1% 55% evidence | 13.0/25 ROA — · ROE 7.6% · GNPA — 34% evidence | 8.0/20 P/BV 2.36× · P/BV÷ROE 0.31 70% evidence | 16.7/20 RS sector 22.5% · RS bench 21% · 1Y 89.6%9 of 12 weeks ahead 100% evidence |
| Exact sum: 24.5 + 13 + 8 + 16.7 = 62.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5The Charles Schwab CorporationSCHW | 60.9/100Mixed-positive evidence80% evidence | TURNING | 22.8/35 Income 20.3% · PAT 38.6% 81% evidence | 15.6/25 ROA 1.2% · ROE 11.3% · GNPA — 68% evidence | 8.7/20 P/BV 3.32× · P/BV÷ROE 0.29 70% evidence | 13.8/20 RS sector 0.8% · RS bench -0.1% · 1Y 9.5%4 of 12 weeks ahead 100% evidence |
| Exact sum: 22.8 + 15.6 + 8.7 + 13.8 = 60.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Piper Sandler CompaniesPIPR | 52.6/100Mixed-positive evidence60% evidence | BASING | 21.7/35 Income — · PAT — 26% evidence | 18.1/25 ROA 7.2% · ROE 10% · GNPA — 68% evidence | 7.0/20 P/BV 3.87× · P/BV÷ROE 0.39 70% evidence | 5.8/20 RS sector -15.8% · RS bench -16.7% · 1Y -5.7%0 of 12 weeks ahead 100% evidence |
| Exact sum: 21.7 + 18.1 + 7 + 5.8 = 52.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7Evercore Inc.EVR | 51.5/100Mixed-positive evidence60% evidence | BASING | 20.9/35 Income — · PAT — 26% evidence | 18.9/25 ROA 6.1% · ROE 11.1% · GNPA — 68% evidence | 5.8/20 P/BV 6.48× · P/BV÷ROE 0.58 70% evidence | 5.9/20 RS sector -12% · RS bench -12.9% · 1Y 8.1%4 of 12 weeks ahead 100% evidence |
| Exact sum: 20.9 + 18.9 + 5.8 + 5.9 = 51.5 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
| 8PJT Partners Inc.PJT | 50.4/100Mixed-positive evidence60% evidence | TURNING | 20.0/35 Income — · PAT — 26% evidence | 17.4/25 ROA 5% · ROE 8.9% · GNPA — 68% evidence | 3.5/20 P/BV 12.38× · P/BV÷ROE 1.39 70% evidence | 9.5/20 RS sector -5.6% · RS bench -6.6% · 1Y -3%4 of 12 weeks ahead 100% evidence |
| Exact sum: 20 + 17.4 + 3.5 + 9.5 = 50.4 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
| 9LPL Financial Holdings Inc.LPLA | 49.4/100Mixed-negative evidence60% evidence | TURNING | 16.4/35 Income — · PAT — 26% evidence | 15.3/25 ROA 2.4% · ROE 7% · GNPA — 68% evidence | 6.4/20 P/BV 3.91× · P/BV÷ROE 0.56 70% evidence | 11.3/20 RS sector -3.6% · RS bench -4.4% · 1Y -4.2%2 of 12 weeks ahead 100% evidence |
| Exact sum: 16.4 + 15.3 + 6.4 + 11.3 = 49.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10The Goldman Sachs Group, Inc.GS | 48.8/100Mixed-negative evidence80% evidence | BREAKING OUT | 16.8/35 Income 17.8% · PAT 34.8% 81% evidence | 9.2/25 ROA 0.3% · ROE 5.4% · GNPA — 68% evidence | 7.2/20 P/BV 2.03× · P/BV÷ROE 0.38 70% evidence | 15.6/20 RS sector 7.6% · RS bench 6.4% · 1Y 46%10 of 12 weeks ahead 100% evidence |
| Exact sum: 16.8 + 9.2 + 7.2 + 15.6 = 48.8 · Decision use: Price leads the evidence: RS versus the benchmark is 6.4%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 11Interactive Brokers Group, Inc.IBKR | 48.0/100Mixed-negative evidence60% evidence | FADING | 16.8/35 Income — · PAT — 26% evidence | 10.8/25 ROA 0.6% · ROE 6.6% · GNPA — 68% evidence | 5.0/20 P/BV 6.57× · P/BV÷ROE 0.99 70% evidence | 15.4/20 RS sector 9.2% · RS bench 8% · 1Y 34.5%10 of 12 weeks ahead 100% evidence |
| Exact sum: 16.8 + 10.8 + 5 + 15.4 = 48 · Decision use: Price leads the evidence: RS versus the benchmark is 8%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 12Stifel Financial Corp.SF | 46.7/100Mixed-negative evidence60% evidence | TURNING | 16.2/35 Income — · PAT — 26% evidence | 8.4/25 ROA -2% · ROE 8.1% · GNPA — 68% evidence | 11.0/20 P/BV 1.9× · P/BV÷ROE 0.23 70% evidence | 11.1/20 RS sector -2.2% · RS bench -3.1% · 1Y 12.9%1 of 12 weeks ahead 100% evidence |
| Exact sum: 16.2 + 8.4 + 11 + 11.1 = 46.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 13Moelis & CompanyMC | 46.6/100Mixed-negative evidence60% evidence | TURNING | 17.5/35 Income — · PAT — 26% evidence | 16.5/25 ROA 3.9% · ROE 8.9% · GNPA — 68% evidence | 4.3/20 P/BV 9.58× · P/BV÷ROE 1.08 70% evidence | 8.3/20 RS sector -6.9% · RS bench -7.8% · 1Y -1.9%4 of 12 weeks ahead 100% evidence |
| Exact sum: 17.5 + 16.5 + 4.3 + 8.3 = 46.6 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
| 14Jefferies Financial Group Inc.JEF | 45.1/100Mixed-negative evidence80% evidence | BREAKING OUT | 21.6/35 Income 21.4% · PAT 39.5% 81% evidence | 8.5/25 ROA 0.3% · ROE 2.4% · GNPA — 68% evidence | 6.7/20 P/BV 1.01× · P/BV÷ROE 0.42 70% evidence | 8.3/20 RS sector -8.5% · RS bench -9.5% · 1Y -4.7%9 of 12 weeks ahead 100% evidence |
| Exact sum: 21.6 + 8.5 + 6.7 + 8.3 = 45.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 15MarketAxess Holdings Inc.MKTX | 45.0/100Mixed-negative evidence60% evidence | TURNING | 15.1/35 Income — · PAT — 26% evidence | 14.8/25 ROA 3.1% · ROE 5.1% · GNPA — 68% evidence | 6.0/20 P/BV 3.26× · P/BV÷ROE 0.64 70% evidence | 9.1/20 RS sector -10.1% · RS bench -10.8% · 1Y -13.2%1 of 12 weeks ahead 100% evidence |
| Exact sum: 15.1 + 14.8 + 6 + 9.1 = 45 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 16TeraWulf Inc.WULF | 44.8/100Thin evidence · provisional55% evidence | FADING | 19.3/35 Income 28% · PAT — 45% evidence | 4.4/25 ROA -4.1% · ROE -897.3% · GNPA — 68% evidence | 9.8/20 P/BV -77.86× · P/BV÷ROE — 10% evidence | 11.3/20 RS sector 7.5% · RS bench 6% · 1Y 275.3%8 of 12 weeks ahead 100% evidence |
| Exact sum: 19.3 + 4.4 + 9.8 + 11.3 = 44.8 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 17BGC Group, Inc.BGC | 43.9/100Mixed-negative evidence60% evidence | BASING | 16.8/35 Income — · PAT — 26% evidence | 9.2/25 ROA 0.4% · ROE 5.8% · GNPA — 68% evidence | 5.5/20 P/BV 4.63× · P/BV÷ROE 0.8 70% evidence | 12.4/20 RS sector 1.1% · RS bench 0.1% · 1Y 9.2%5 of 12 weeks ahead 100% evidence |
| Exact sum: 16.8 + 9.2 + 5.5 + 12.4 = 43.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 18Tradeweb Markets Inc.TW | 42.5/100Mixed-negative evidence60% evidence | BASING | 18.5/35 Income — · PAT — 26% evidence | 13.8/25 ROA 2.3% · ROE 2.9% · GNPA — 68% evidence | 4.8/20 P/BV 3.17× · P/BV÷ROE 1.09 70% evidence | 5.4/20 RS sector -17.9% · RS bench -18.6% · 1Y -25.8%0 of 12 weeks ahead 100% evidence |
| Exact sum: 18.5 + 13.8 + 4.8 + 5.4 = 42.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 19Riot Platforms, Inc.RIOT | 42.3/100Thin evidence · provisional55% evidence | FADING | 15.3/35 Income 42.3% · PAT — 45% evidence | 4.5/25 ROA -14% · ROE -18.7% · GNPA — 68% evidence | 9.8/20 P/BV 1.96× · P/BV÷ROE — 10% evidence | 12.7/20 RS sector 9.9% · RS bench 8.3% · 1Y 94.6%10 of 12 weeks ahead 100% evidence |
| Exact sum: 15.3 + 4.5 + 9.8 + 12.7 = 42.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 20Galaxy Digital Inc.GLXY | 39.7/100Thin evidence · provisional53% evidence | ASLEEP | 22.4/35 Income 25.5% · PAT — 45% evidence | 5.5/25 ROA -2.8% · ROE -10.6% · GNPA — 68% evidence | 10.0/20 P/BV — · P/BV÷ROE — 0% evidence | 1.8/20 RS sector -24.8% · RS bench -25.9% · 1Y -20.3%7 of 12 weeks ahead 100% evidence |
| Exact sum: 22.4 + 5.5 + 10 + 1.8 = 39.7 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 21Robinhood Markets, Inc.HOOD | 38.6/100Mixed-negative evidence60% evidence | BREAKING OUT | 17.1/35 Income — · PAT — 26% evidence | 10.9/25 ROA 1% · ROE 6.5% · GNPA — 68% evidence | 3.4/20 P/BV 9.51× · P/BV÷ROE 1.46 70% evidence | 7.2/20 RS sector -17.2% · RS bench -18.1% · 1Y -18.4%10 of 12 weeks ahead 100% evidence |
| Exact sum: 17.1 + 10.9 + 3.4 + 7.2 = 38.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 22Houlihan Lokey, Inc.HLI | 36.3/100Mixed-negative evidence60% evidence | BASING | 14.3/35 Income — · PAT — 26% evidence | 13.8/25 ROA 2% · ROE 3.5% · GNPA — 68% evidence | 4.4/20 P/BV 4.11× · P/BV÷ROE 1.17 70% evidence | 3.8/20 RS sector -30.6% · RS bench -31.2% · 1Y -32.1%0 of 12 weeks ahead 100% evidence |
| Exact sum: 14.3 + 13.8 + 4.4 + 3.8 = 36.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 23IREN LimitedIREN | 32.5/100Thin evidence · provisional55% evidence | ASLEEP | 16.3/35 Income 100% · PAT — 45% evidence | 4.8/25 ROA -4.9% · ROE -12.1% · GNPA — 68% evidence | 9.6/20 P/BV 4.39× · P/BV÷ROE — 10% evidence | 1.8/20 RS sector -17.2% · RS bench -18.4% · 1Y 121.4%6 of 12 weeks ahead 100% evidence |
| Exact sum: 16.3 + 4.8 + 9.6 + 1.8 = 32.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 24Circle Internet Group, Inc.CRCL | 25.7/100Adverse evidence70% evidence | ASLEEP | 12.5/35 Income 51.4% · PAT -146.2% 71% evidence | 6.6/25 ROA 0.1% · ROE 2.1% · GNPA — 68% evidence | 3.2/20 P/BV 6.89× · P/BV÷ROE 3.28 70% evidence | 3.4/20 RS sector -40.6% · RS bench -41.2% · 1Y -60.2%2 of 12 weeks ahead 70% evidence |
| Exact sum: 12.5 + 6.6 + 3.2 + 3.4 = 25.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 25Figure Technology Solutions, Inc.FIGR | 52.6/100Thin evidence · provisional47% evidence | ASLEEP | 23.8/35 Income 67.8% · PAT 100% 45% evidence | 13.9/25 ROA 2.4% · ROE 5.4% · GNPA — 68% evidence | 4.9/20 P/BV 5.76× · P/BV÷ROE 1.07 70% evidence | 10.0/20 RS sector — · RS bench — · 1Y —2 of 12 weeks ahead 0% evidence |
| Exact sum: 23.8 + 13.9 + 4.9 + 10 = 52.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 26Hut 8 Corp.HUT | 52.2/100Thin evidence · provisional41% evidence | FADING | 19.4/35 Income 100% · PAT — 29% evidence | 8.7/25 ROA — · ROE -18.9% · GNPA — 34% evidence | 9.8/20 P/BV 3.83× · P/BV÷ROE — 10% evidence | 14.3/20 RS sector 47.6% · RS bench 45.2% · 1Y 420.1%11 of 12 weeks ahead 100% evidence |
| Exact sum: 19.4 + 8.7 + 9.8 + 14.3 = 52.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 27Bitmine Immersion Technologies, Inc.BMNR | 35.2/100Thin evidence · provisional42% evidence | BASING | 16.2/35 Income — · PAT — 26% evidence | 6.2/25 ROA 0.2% · ROE -1.4% · GNPA — 68% evidence | 9.8/20 P/BV 0.96× · P/BV÷ROE — 10% evidence | 3.0/20 RS sector -45.2% · RS bench -45.8% · 1Y -64.8%0 of 12 weeks ahead 70% evidence |
| Exact sum: 16.2 + 6.2 + 9.8 + 3 = 35.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Showing 10 of 27 companies
04 · what price has already done
Market action
Hut 8 Corp. has the strongest one-year price move in Capital Markets at +420.1%. It also leads on Mansfield relative strength against the S&P 500 at +45.2%. 10 of 26 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.
Price and relative strength
Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.
How far ahead of or behind S&P 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS S&P 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
The same measure taken against Capital Markets itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
05 · compare level, then change
Income Scale & Growth Durability
Morgan Stanley has the highest Income among the 27 Capital Markets companies compared here, at $78,042 million. The Goldman Sachs Group, Inc. is next at $66,203 million. Hut 8 Corp. has the highest Income growth at the 100% top of the scoring scale, so level and change sit with different companies.
What the numbers say: Morgan Stanley is the scale leader at $78,042 million, 17.9% ahead of The Goldman Sachs Group, Inc.. Hut 8 Corp.'s growth is stored at the ≥100% scoring cap; the uncapped TTM change is 219.3% from a $380 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderMorgan Stanley · $78,042 million
Gap17.9% versus #2 · The Goldman Sachs Group, Inc.
Persistence8/8 recent comparable periods
Coverage13/27 companies · 481 observations
Investor read: Morgan Stanley is the scale benchmark; Hut 8 Corp. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: Morgan Stanley's growth falls below Hut 8 Corp.'s for two consecutive comparable reports while operating margin also compresses.
For lenders, reported income is used instead of industrial-company sales. Growth is compared year-on-year.
Incomelargest
Income growthfastest growers
Income · company comparison
13/27 level · 13/27 change
On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.
All-company data · latest reported quarter
In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Income | Income growth | Reported |
|---|---|---|---|
| Morgan Stanley MS | $21.3B | 27% | Jun 2026 |
| The Goldman Sachs Group, Inc. GS | $20.3B | 39% | Jun 2026 |
| Galaxy Digital Inc. GLXY | $10.2B | -21% | Mar 2026 |
| The Charles Schwab Corporation SCHW | $7.1B | 21% | Jun 2026 |
| LPL Financial Holdings Inc. LPLA | $4.9B | 35% | Jun 2026 |
| Jefferies Financial Group Inc. JEF | $2.2B | 35% | Jun 2026 |
| Interactive Brokers Group, Inc. IBKR | $1.7B | 17% | Jun 2026 |
| Stifel Financial Corp. SF | $1.5B | 18% | Jun 2026 |
| Evercore Inc. EVR | $1.4B | 100% | Jun 2026 |
| Robinhood Markets, Inc. HOOD | $1.1B | 15% | Jun 2026 |
| BGC Group, Inc. BGC | $955M | 44% | Jun 2026 |
| Virtu Financial, Inc. VIRT | $917M | 30% | Jun 2026 |
| StoneX Group Inc. SNEX | $829M | 70% | Mar 2026 |
| Circle Internet Group, Inc. CRCL | $694M | 20% | Mar 2026 |
| Marex Group Limited MRX | $692M | 48% | Mar 2026 |
| Houlihan Lokey, Inc. HLI | $636M | -4.5% | Jun 2026 |
| Tradeweb Markets Inc. TW | $618M | 21% | Jun 2026 |
| Piper Sandler Companies PIPR | $474M | 33% | Jun 2026 |
| PJT Partners Inc. PJT | $418M | 29% | Jun 2026 |
| Moelis & Company MC | $320M | 4.2% | Jun 2026 |
| MarketAxess Holdings Inc. MKTX | $233M | 11% | Jun 2026 |
| Riot Platforms, Inc. RIOT | $167M | 3.7% | Mar 2026 |
| Figure Technology Solutions, Inc. FIGR | $167M | 96% | Mar 2026 |
| IREN Limited IREN | $145M | 0.0% | Mar 2026 |
| Hut 8 Corp. HUT | $139M | 827% | Mar 2026 |
| TeraWulf Inc. WULF | $34M | 0.0% | Mar 2026 |
| Bitmine Immersion Technologies, Inc. BMNR | $11M | 450% | Jun 2026 |
Full 20-quarter history · every available company
Income · reported quarter history
Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Evercore Inc. · EVR
$828M
$1.1B
$727M
$635M
$581M
$835M
$576M
$504M
$574M
$788M
$585M
$693M
$738M
$980M
$699M
$838M
$1.0B
$1.3B
$1.4B
—
Interactive Brokers Group, Inc. · IBKR
$464M
$603M
$645M
$656M
$790M
$976M
$1.1B
$1.0B
$1.1B
$1.1B
$1.2B
$1.2B
$1.4B
$1.4B
$1.4B
$1.5B
$1.7B
$1.6B
$1.7B
—
IREN Limited · IREN
$10M
$20M
$15M
$12M
$16M
$14M
$13M
$34M
$34M
$43M
$54M
$57M
$53M
$116M
$145M
$187M
$240M
$185M
$145M
—
Jefferies Financial Group Inc. · JEF
$1.9B
$1.6B
$1.7B
$1.3B
$1.5B
$1.4B
$1.3B
$1.0B
$1.2B
$1.2B
$1.7B
$1.7B
$1.7B
$2.0B
$1.6B
$1.6B
$2.0B
$2.1B
$2.0B
$2.2B
LPL Financial Holdings Inc. · LPLA
$2.0B
$2.1B
$2.1B
$2.0B
$2.2B
$2.3B
$2.4B
$2.5B
$2.5B
$2.6B
$2.8B
$2.9B
$3.1B
$3.5B
$3.7B
$3.8B
$4.6B
$4.9B
$4.9B
—
Morgan Stanley · MS
$14.8B
$14.5B
$14.8B
$13.1B
$13.0B
$12.7B
$14.5B
$13.5B
$13.3B
$12.9B
$15.1B
$15.0B
$15.4B
$16.2B
$17.7B
$16.8B
$18.2B
$17.9B
$20.6B
$21.3B
Robinhood Markets, Inc. · HOOD
$365M
$363M
$299M
$318M
$361M
$380M
$441M
$486M
$467M
$471M
$618M
$682M
$637M
$1.0B
$927M
$989M
$1.3B
$1.3B
$1.1B
—
Stifel Financial Corp. · SF
$1.1B
$1.3B
$1.1B
$1.1B
$1.0B
$1.1B
$1.1B
$1.1B
$1.0B
$1.1B
$1.2B
$1.2B
$1.2B
$1.6B
$1.3B
$1.3B
$1.4B
$1.8B
$1.5B
—
The Charles Schwab Corporation · SCHW
$4.6B
$4.7B
$4.7B
$5.1B
$5.5B
$5.5B
$5.1B
$4.7B
$4.6B
$4.5B
$4.7B
$4.7B
$4.8B
$5.3B
$5.6B
$5.9B
$6.1B
$6.3B
$6.5B
$7.1B
The Goldman Sachs Group, Inc. · GS
$13.6B
$15.4B
$12.9B
$11.9B
$12.0B
$11.9B
$12.2B
$10.9B
$11.8B
$11.3B
$14.2B
$12.7B
$12.7B
$13.9B
$15.1B
$14.6B
$15.2B
$13.5B
$17.2B
$20.3B
Tradeweb Markets Inc. · TW
$265M
$277M
$311M
$297M
$287M
$293M
$329M
$311M
$328M
$370M
$409M
$405M
$449M
$463M
$510M
$513M
$509M
$521M
$618M
—
Income growth · reported quarter history
Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Circle Internet Group, Inc. · CRCL
—
—
88%
370%
—
—
—
—
—
—
—
—
—
—
59%
53%
66%
77%
20%
—
Evercore Inc. · EVR
—
—
—
-8.2%
-30%
-25%
-21%
-21%
-1.2%
-5.6%
1.6%
38%
29%
24%
19%
21%
42%
32%
100%
—
Interactive Brokers Group, Inc. · IBKR
—
—
—
-13%
70%
62%
64%
52%
45%
17%
14%
23%
19%
22%
19%
20%
21%
18%
17%
—
IREN Limited · IREN
—
—
—
300%
60%
-30%
-13%
183%
113%
207%
315%
68%
56%
170%
169%
228%
353%
59%
0.0%
—
Jefferies Financial Group Inc. · JEF
—
—
—
—
-22%
-12%
-24%
-22%
-22%
-17%
35%
60%
42%
63%
-8.3%
-1.3%
22%
5.7%
27%
35%
LPL Financial Holdings Inc. · LPLA
—
—
—
7.4%
7.0%
11%
17%
21%
17%
13%
17%
19%
23%
33%
30%
31%
46%
40%
35%
—
Morgan Stanley · MS
—
—
—
-11%
-12%
-12%
-1.9%
2.5%
2.2%
1.2%
4.3%
12%
16%
26%
17%
12%
18%
10%
16%
27%
Robinhood Markets, Inc. · HOOD
—
—
—
-44%
-1.1%
4.7%
47%
53%
29%
24%
40%
40%
36%
115%
50%
45%
100%
27%
15%
—
Stifel Financial Corp. · SF
—
—
—
-3.9%
-8.7%
-14%
-0.9%
-5.1%
0.0%
2.1%
5.1%
16%
17%
39%
7.9%
5.4%
17%
10%
18%
—
The Charles Schwab Corporation · SCHW
—
—
—
13%
20%
17%
9.5%
-8.6%
-16%
-19%
-7.4%
0.7%
5.2%
20%
18%
25%
27%
19%
16%
21%
The Goldman Sachs Group, Inc. · GS
—
—
—
-23%
-12%
-23%
-5.5%
-8.2%
-1.3%
-4.6%
16%
17%
7.5%
23%
6.0%
15%
20%
-3.0%
14%
39%
Tradeweb Markets Inc. · TW
—
—
—
14%
8.3%
5.8%
5.8%
4.7%
14%
26%
24%
30%
37%
25%
25%
27%
13%
13%
21%
—
06 · compare level, then change
Profit Scale & Acceleration
The Goldman Sachs Group, Inc. has the highest Net profit among the 27 Capital Markets companies compared here, at $20,973 million. Morgan Stanley is next at $20,370 million. StoneX Group Inc. has the highest Profit growth at 56.1%, so level and change sit with different companies. 13 of 27 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: The Goldman Sachs Group, Inc. leads with $20,973 million of TTM profit, 3% above Morgan Stanley. StoneX Group Inc. shows 56.1% growth from a $462 million profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderThe Goldman Sachs Group, Inc. · $20,973 million
Gap3% versus #2 · Morgan Stanley
Persistence8/8 recent comparable periods
Coverage13/27 companies · 496 observations
Investor read: The Goldman Sachs Group, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is ranked only where the comparison base is economically meaningful. Loss-to-profit flips are shown but do not win the growth table.
Net profitlargest
Profit growthfastest growers
Net profit · company comparison
13/27 level · 7/27 change
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| The Goldman Sachs Group, Inc. GS | $6.6B | 78% | Jun 2026 |
| Morgan Stanley MS | $5.7B | 58% | Jun 2026 |
| The Charles Schwab Corporation SCHW | $2.8B | 32% | Jun 2026 |
| Interactive Brokers Group, Inc. IBKR | $1.2B | 21% | Jun 2026 |
| LPL Financial Holdings Inc. LPLA | $356M | 12% | Jun 2026 |
| Virtu Financial, Inc. VIRT | $347M | 83% | Jun 2026 |
| Robinhood Markets, Inc. HOOD | $346M | 3.0% | Jun 2026 |
| Evercore Inc. EVR | $323M | 110% | Jun 2026 |
| Stifel Financial Corp. SF | $251M | 374% | Jun 2026 |
| Jefferies Financial Group Inc. JEF | $250M | 175% | Jun 2026 |
| Tradeweb Markets Inc. TW | $233M | 39% | Jun 2026 |
| StoneX Group Inc. SNEX | $174M | 142% | Mar 2026 |
| Marex Group Limited MRX | $112M | 53% | Mar 2026 |
| Houlihan Lokey, Inc. HLI | $98M | -20% | Jun 2026 |
| PJT Partners Inc. PJT | $89M | 20% | Jun 2026 |
| BGC Group, Inc. BGC | $83M | 57% | Jun 2026 |
| MarketAxess Holdings Inc. MKTX | $78M | 420% | Jun 2026 |
| Piper Sandler Companies PIPR | $68M | 84% | Jun 2026 |
| Circle Internet Group, Inc. CRCL | $55M | -15% | Mar 2026 |
| Figure Technology Solutions, Inc. FIGR | $45M | 2,200% | Mar 2026 |
| Moelis & Company MC | $42M | -22% | Jun 2026 |
| Galaxy Digital Inc. GLXY | $-216M | -508% | Mar 2026 |
| IREN Limited IREN | $-248M | -278% | Mar 2026 |
| Hut 8 Corp. HUT | $-253M | -299% | Mar 2026 |
| TeraWulf Inc. WULF | $-416M | — | Mar 2026 |
| Riot Platforms, Inc. RIOT | $-500M | -608% | Mar 2026 |
| Bitmine Immersion Technologies, Inc. BMNR | $-3.8B | — | Jun 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Circle Internet Group, Inc. · CRCL
$-167M
$-167M
$-844M
$-8M
$45M
$45M
—
—
—
—
$49M
$33M
$71M
$4M
$65M
$-482M
$214M
$133M
$55M
—
Evercore Inc. · EVR
$189M
$350M
$177M
$110M
$92M
$153M
$92M
$42M
$59M
$92M
$93M
$82M
$88M
$155M
$154M
$107M
$157M
$222M
$323M
—
Interactive Brokers Group, Inc. · IBKR
$206M
$338M
$366M
$360M
$483M
$633M
$700M
$601M
$772M
$739M
$795M
$809M
$834M
$969M
$964M
$1.0B
$1.2B
$1.2B
$1.2B
—
IREN Limited · IREN
$-491M
$70M
$-3M
$17M
$-18M
$-144M
$-3M
$-7M
$-5M
$-5M
$9M
$-27M
$-52M
$-22M
$-16M
$177M
$385M
$-155M
$-248M
—
Jefferies Financial Group Inc. · JEF
$989M
$272M
$328M
$117M
$196M
$141M
$129M
$9M
$54M
$70M
$164M
$155M
$175M
$219M
$137M
$91M
$243M
$216M
$159M
$250M
LPL Financial Holdings Inc. · LPLA
$103M
$108M
$134M
$161M
$232M
$319M
$339M
$286M
$224M
$218M
$289M
$244M
$255M
$271M
$319M
$273M
$-30M
$301M
$356M
—
Morgan Stanley · MS
$3.7B
$3.7B
$3.7B
$2.5B
$2.7B
$2.3B
$3.0B
$2.2B
$2.4B
$1.5B
$3.5B
$3.1B
$3.2B
$3.7B
$4.4B
$3.6B
$4.7B
$4.4B
$5.6B
$5.7B
Robinhood Markets, Inc. · HOOD
$-1.3B
$-423M
$-392M
$-295M
$-175M
$-166M
$-511M
$25M
$-85M
$30M
$157M
$188M
$150M
$916M
$336M
$386M
$556M
$605M
$346M
—
Stifel Financial Corp. · SF
$-200M
$-212M
$-231M
$-197M
$-179M
$-174M
$-196M
$-181M
$-182M
$-202M
$-196M
$-228M
$159M
$244M
$53M
$-266M
$211M
$264M
$251M
—
The Charles Schwab Corporation · SCHW
$1.5B
$1.6B
$1.4B
$1.8B
$2.0B
$2.0B
$1.6B
$1.3B
$1.1B
$1.0B
$1.4B
$1.3B
$1.4B
$1.8B
$1.9B
$2.1B
$2.4B
$2.5B
$2.5B
$2.8B
The Goldman Sachs Group, Inc. · GS
$5.4B
$5.5B
$3.9B
$2.9B
$3.1B
$2.9B
$3.2B
$1.2B
$2.1B
$2.0B
$4.1B
$3.0B
$3.0B
$4.1B
$4.7B
$3.7B
$4.1B
$4.6B
$5.6B
$6.6B
Tradeweb Markets Inc. · TW
$65M
$60M
$97M
$82M
$82M
$99M
$102M
$102M
$112M
$104M
$143M
$136M
$130M
$160M
$168M
$176M
$211M
$367M
$233M
—
Profit growth · reported quarter history
Showing the 12 largest of 25 companies with a series here. The remaining 13 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Circle Internet Group, Inc. · CRCL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
33%
-1,561%
201%
3,225%
-15%
—
Evercore Inc. · EVR
—
—
—
-33%
-51%
-56%
-48%
-62%
-36%
-40%
1.1%
95%
49%
68%
66%
30%
78%
43%
110%
—
Interactive Brokers Group, Inc. · IBKR
—
—
—
-29%
134%
87%
91%
67%
60%
17%
14%
35%
8.0%
31%
21%
24%
42%
24%
21%
—
IREN Limited · IREN
—
—
—
—
—
-306%
—
-141%
—
—
—
—
—
—
-278%
—
—
—
—
—
Jefferies Financial Group Inc. · JEF
—
—
—
—
-80%
-48%
-61%
-92%
-72%
-50%
27%
1,622%
224%
213%
-16%
-41%
39%
-1.4%
16%
175%
LPL Financial Holdings Inc. · LPLA
—
—
—
35%
125%
195%
153%
78%
-3.5%
-32%
-15%
-15%
14%
24%
10%
12%
-112%
11%
12%
—
Morgan Stanley · MS
—
—
—
-28%
-29%
-39%
-18%
-12%
-8.5%
-32%
14%
40%
32%
142%
26%
15%
44%
19%
29%
58%
Robinhood Markets, Inc. · HOOD
—
—
—
—
—
—
—
—
—
—
—
652%
—
2,953%
114%
105%
271%
-34%
3.0%
—
Stifel Financial Corp. · SF
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
33%
8.2%
374%
—
The Charles Schwab Corporation · SCHW
—
—
—
42%
32%
25%
14%
-28%
-44%
-47%
-15%
2.9%
25%
76%
40%
60%
67%
34%
30%
32%
The Goldman Sachs Group, Inc. · GS
—
—
—
-47%
-43%
-47%
-18%
-58%
-33%
-31%
28%
150%
45%
105%
15%
22%
37%
12%
19%
78%
Tradeweb Markets Inc. · TW
—
—
—
24%
26%
65%
5.2%
24%
37%
5.1%
40%
33%
16%
54%
17%
29%
62%
129%
39%
—
07 · compare level, then change
Funding Base & Its Composition
No company in this Capital Markets comparison reports a funding base figure this section can compare, so the Deposits rank is empty. On Borrowings, Morgan Stanley is highest at $942,036 million, across 27 of 27 companies with a usable reading.
What the numbers say: There is not enough comparable evidence to name a reliable deposits leader.
LeaderNo comparable leader
GapNot enough peers
PersistenceNot enough history
Coverage0/27 companies · 0 observations
Investor read: The current leader sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current borrowings signal.
For banks, debt is operating funding rather than industrial leverage. Deposits and borrowings are therefore shown as funding-base levels; asset quality, funding cost and liquidity determine whether that funding is attractive.
Depositslargest deposit bases
—Not enough comparable data—
Borrowingslargest borrowings
Funding base · company comparison
0/27 level · 27/27 change
All-company data · latest reported quarter
Full 20-quarter history · every available company
No consistent historical series is available for deposits.
Borrowings · reported quarter history
Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Circle Internet Group, Inc. · CRCL
$1.1B
$1.1B
—
—
$78M
$78M
—
—
$58M
$58M
—
—
$41M
$41M
$37M
$206M
$149M
$37M
$0M
—
Evercore Inc. · EVR
$713M
$721M
$713M
$696M
$687M
$688M
$696M
$828M
$846M
$844M
$839M
$835M
$850M
$923M
$933M
$930M
$1.1B
$1.2B
$1.1B
—
Interactive Brokers Group, Inc. · IBKR
$28M
$27M
$311M
$17M
$35M
$18M
$10M
$17M
$11M
$17M
$14M
$11M
$33M
$14M
$12M
$8M
$904M
$19M
$12M
$13M
IREN Limited · IREN
$779M
$32M
$85M
$108M
$112M
$112M
$1M
$1M
$1M
$1M
$2M
$1M
$3M
$388M
$348M
$964M
$966M
$3.8B
$4.0B
—
Jefferies Financial Group Inc. · JEF
$21.5B
$22.8B
$22.4B
$20.6B
$19.5B
$19.3B
$20.6B
$21.4B
$23.7B
$23.6B
$24.7B
$27.5B
$26.6B
$29.1B
$32.5B
$32.2B
$32.6B
$33.3B
$32.4B
$33.8B
LPL Financial Holdings Inc. · LPLA
$3.0B
$2.8B
$2.7B
$2.7B
$2.7B
$2.7B
$2.9B
$3.0B
$3.1B
$3.7B
$3.9B
$4.4B
$4.4B
$5.5B
$5.7B
$7.2B
$7.5B
$7.3B
$7.2B
$7.5B
Morgan Stanley · MS
$631.1B
$652.9B
$659.5B
$646.7B
$626.4B
$665.4B
$666.9B
$661.1B
$679.0B
$690.8B
$721.4B
$706.9B
$738.4B
$736.5B
$778.5B
$811.3B
$820.1B
$864.6B
$942.0B
—
Robinhood Markets, Inc. · HOOD
$0M
$0M
$183M
$154M
$160M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$0M
$2.2B
Stifel Financial Corp. · SF
$21.8B
$24.8B
$25.9B
$27.5B
$28.6B
$28.4B
$29.9B
$28.4B
$29.1B
$29.7B
$30.0B
$29.7B
$30.3B
$31.2B
$31.8B
$30.9B
$32.4B
$31.9B
$33.1B
—
The Charles Schwab Corporation · SCHW
$22.5B
$23.8B
$26.1B
$22.5B
$21.3B
$37.9B
$72.7B
$71.3B
$64.2B
$59.1B
$55.3B
$56.8B
$55.6B
$45.1B
$39.9B
$37.7B
$27.6B
$31.0B
$33.0B
—
The Goldman Sachs Group, Inc. · GS
$478.8B
$485.5B
$499.6B
$498.1B
$467.1B
$432.4B
$521.3B
$537.3B
$534.4B
$580.9B
$595.1B
$572.7B
$610.7B
$614.9B
$607.7B
$601.0B
$591.9B
$607.4B
$692.1B
$796.0B
Tradeweb Markets Inc. · TW
$27M
$24M
$52M
$30M
$29M
$28M
$26M
$23M
$22M
$49M
$25M
$28M
$29M
$36M
$32M
$32M
$136M
$139M
$143M
$150M
08 · compare level, then change
Return On Assets
Piper Sandler Companies has the highest ROA among the 27 Capital Markets companies compared here, at 7.2%. Evercore Inc. is next at 6.1%. Galaxy Digital Inc. has the highest ROA change at +6.1 percentage points, so level and change sit with different companies. 25 of 27 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Piper Sandler Companies leads roa at 7.2%; Galaxy Digital Inc. leads roa change at +6.1 percentage points.
LeaderPiper Sandler Companies · 7.2%
Gap18% versus #2 · Evercore Inc.
Persistence6/8 recent comparable periods
Coverage25/27 companies · 471 observations
Investor read: Piper Sandler Companies sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roa change signal.
ROA is the cleanest first comparison for lenders because the balance sheet is the operating asset.
ROAhighest
ROA changefastest improvers
Return on assets · company comparison
25/27 level · 25/27 change
All-company data · latest reported quarter
| Company | ROA | ROA change | Reported |
|---|---|---|---|
| Piper Sandler Companies PIPR | 7.2% | +5.6 pp | Jun 2026 |
| Evercore Inc. EVR | 6.1% | +3.0 pp | Jun 2026 |
| PJT Partners Inc. PJT | 5.0% | +0.8 pp | Jun 2026 |
| Moelis & Company MC | 3.9% | +0.2 pp | Jun 2026 |
| MarketAxess Holdings Inc. MKTX | 3.1% | −0.4 pp | Jun 2026 |
| LPL Financial Holdings Inc. LPLA | 2.4% | 0.0 pp | Jun 2026 |
| Figure Technology Solutions, Inc. FIGR | 2.4% | +3.6 pp | Mar 2026 |
| Tradeweb Markets Inc. TW | 2.3% | +0.3 pp | Jun 2026 |
| Houlihan Lokey, Inc. HLI | 2.0% | −0.8 pp | Jun 2026 |
| Virtu Financial, Inc. VIRT | 1.3% | −0.6 pp | Jun 2026 |
| The Charles Schwab Corporation SCHW | 1.2% | +0.7 pp | Jun 2026 |
| Robinhood Markets, Inc. HOOD | 1.0% | 0.0 pp | Jun 2026 |
| Morgan Stanley MS | 0.8% | +0.5 pp | Jun 2026 |
| Interactive Brokers Group, Inc. IBKR | 0.6% | 0.0 pp | Jun 2026 |
| Marex Group Limited MRX | 0.6% | +0.3 pp | Mar 2026 |
| BGC Group, Inc. BGC | 0.4% | 0.0 pp | Jun 2026 |
| The Goldman Sachs Group, Inc. GS | 0.3% | +0.1 pp | Jun 2026 |
| Jefferies Financial Group Inc. JEF | 0.3% | +0.2 pp | Jun 2026 |
| Bitmine Immersion Technologies, Inc. BMNR | 0.2% | −16.1 pp | Jun 2026 |
| Circle Internet Group, Inc. CRCL | 0.1% | −0.1 pp | Mar 2026 |
| Stifel Financial Corp. SF | -2.0% | −1.0 pp | Jun 2026 |
| Galaxy Digital Inc. GLXY | -2.8% | +6.1 pp | Mar 2026 |
| TeraWulf Inc. WULF | -4.1% | +5.5 pp | Mar 2026 |
| IREN Limited IREN | -4.9% | −8.0 pp | Mar 2026 |
| Riot Platforms, Inc. RIOT | -14% | −6.6 pp | Mar 2026 |
Full 20-quarter history · every available company
ROA · reported quarter history
Showing the 12 largest of 25 companies with a series here. The remaining 13 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Circle Internet Group, Inc. · CRCL
-0.1%
-0.1%
—
—
0.1%
0.1%
—
—
0.0%
0.0%
—
—
0.4%
0.0%
0.2%
-1.0%
0.3%
0.1%
0.1%
—
Evercore Inc. · EVR
6.4%
9.8%
6.3%
3.7%
2.9%
4.2%
3.3%
1.5%
1.9%
3.0%
3.3%
2.6%
2.7%
4.0%
5.0%
3.1%
4.1%
4.8%
8.7%
6.1%
Interactive Brokers Group, Inc. · IBKR
0.2%
0.3%
0.3%
0.3%
0.4%
0.6%
0.6%
0.5%
0.7%
0.6%
0.6%
0.6%
0.6%
0.7%
0.7%
0.6%
0.7%
0.7%
0.6%
0.6%
IREN Limited · IREN
6.6%
2.0%
0.2%
-2.8%
-3.8%
-28%
-1.3%
-2.9%
8.6%
-0.4%
0.8%
-3.1%
-5.7%
1.8%
3.1%
1.0%
-1.8%
-1.2%
-4.9%
—
Jefferies Financial Group Inc. · JEF
—
0.9%
0.6%
0.2%
0.3%
0.3%
0.2%
0.0%
0.1%
0.1%
0.3%
0.3%
0.3%
0.4%
0.2%
0.1%
0.4%
0.3%
0.2%
0.3%
LPL Financial Holdings Inc. · LPLA
1.8%
1.8%
2.2%
2.4%
3.0%
4.0%
4.4%
3.7%
2.7%
2.6%
3.3%
2.8%
2.8%
2.8%
3.1%
2.4%
0.4%
2.4%
2.6%
2.4%
Morgan Stanley · MS
0.3%
0.3%
0.3%
0.2%
0.2%
0.2%
0.3%
0.2%
0.2%
0.1%
0.3%
0.3%
0.3%
0.3%
0.3%
0.3%
0.4%
0.3%
0.4%
0.8%
Robinhood Markets, Inc. · HOOD
-8.5%
-2.7%
-2.3%
-1.4%
-0.8%
-0.7%
-2.2%
0.1%
-0.3%
0.3%
0.4%
0.5%
0.4%
4.2%
0.9%
1.0%
1.3%
1.8%
0.9%
1.0%
Stifel Financial Corp. · SF
-0.7%
-0.7%
-0.7%
-0.6%
-0.5%
-0.5%
-0.5%
-0.5%
-0.5%
-0.5%
-0.5%
-0.6%
-0.9%
-0.6%
-1.4%
-1.0%
-1.0%
-0.8%
-1.0%
-2.0%
The Charles Schwab Corporation · SCHW
0.3%
0.3%
0.2%
0.3%
0.3%
0.3%
0.3%
0.2%
0.2%
0.2%
0.3%
0.3%
0.3%
0.4%
0.4%
0.5%
0.5%
0.5%
0.5%
1.2%
The Goldman Sachs Group, Inc. · GS
0.4%
0.4%
0.3%
0.2%
0.2%
0.2%
0.2%
0.1%
0.1%
0.1%
0.3%
0.2%
0.2%
0.2%
0.3%
0.2%
0.2%
0.3%
0.3%
0.3%
Tradeweb Markets Inc. · TW
1.1%
3.8%
1.7%
1.4%
1.3%
1.3%
1.5%
1.5%
1.6%
1.6%
1.9%
1.8%
1.7%
2.0%
2.1%
2.0%
2.1%
2.3%
2.8%
2.3%
ROA change · reported quarter history
Showing the 12 largest of 25 companies with a series here. The remaining 13 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Circle Internet Group, Inc. · CRCL
—
—
—
—
+0.2 pp
+0.2 pp
—
—
−0.1 pp
−0.1 pp
—
—
+0.4 pp
0.0 pp
—
—
−0.1 pp
+0.1 pp
−0.1 pp
—
Evercore Inc. · EVR
—
—
—
—
−3.5 pp
−5.6 pp
−3.0 pp
−2.2 pp
−1.0 pp
−1.2 pp
0.0 pp
+1.1 pp
+0.8 pp
+1.0 pp
+1.7 pp
+0.5 pp
+1.4 pp
+0.8 pp
+3.7 pp
+3.0 pp
Interactive Brokers Group, Inc. · IBKR
—
—
—
—
+0.2 pp
+0.3 pp
+0.3 pp
+0.2 pp
+0.3 pp
0.0 pp
0.0 pp
+0.1 pp
−0.1 pp
+0.1 pp
+0.1 pp
0.0 pp
+0.1 pp
0.0 pp
−0.1 pp
0.0 pp
IREN Limited · IREN
—
—
—
—
−10.4 pp
−30.1 pp
−1.5 pp
−0.1 pp
+12.4 pp
+27.7 pp
+2.1 pp
−0.2 pp
−14.3 pp
+2.2 pp
+2.3 pp
+4.1 pp
+3.9 pp
−3.0 pp
−8.0 pp
—
Jefferies Financial Group Inc. · JEF
—
—
—
—
—
−0.6 pp
−0.4 pp
−0.2 pp
−0.2 pp
−0.2 pp
+0.1 pp
+0.3 pp
+0.2 pp
+0.3 pp
−0.1 pp
−0.2 pp
+0.1 pp
−0.1 pp
0.0 pp
+0.2 pp
LPL Financial Holdings Inc. · LPLA
—
—
—
—
+1.2 pp
+2.2 pp
+2.2 pp
+1.3 pp
−0.3 pp
−1.4 pp
−1.1 pp
−0.9 pp
+0.1 pp
+0.2 pp
−0.2 pp
−0.4 pp
−2.4 pp
−0.4 pp
−0.5 pp
0.0 pp
Morgan Stanley · MS
—
—
—
—
−0.1 pp
−0.1 pp
0.0 pp
0.0 pp
0.0 pp
−0.1 pp
0.0 pp
+0.1 pp
+0.1 pp
+0.2 pp
0.0 pp
0.0 pp
+0.1 pp
0.0 pp
+0.1 pp
+0.5 pp
Robinhood Markets, Inc. · HOOD
—
—
—
—
+7.7 pp
+2.0 pp
+0.1 pp
+1.5 pp
+0.5 pp
+1.0 pp
+2.6 pp
+0.4 pp
+0.7 pp
+3.9 pp
+0.5 pp
+0.5 pp
+0.9 pp
−2.4 pp
0.0 pp
0.0 pp
Stifel Financial Corp. · SF
—
—
—
—
+0.2 pp
+0.2 pp
+0.2 pp
+0.1 pp
0.0 pp
0.0 pp
0.0 pp
−0.1 pp
−0.4 pp
−0.1 pp
−0.9 pp
−0.4 pp
−0.1 pp
−0.2 pp
+0.4 pp
−1.0 pp
The Charles Schwab Corporation · SCHW
—
—
—
—
0.0 pp
0.0 pp
+0.1 pp
−0.1 pp
−0.1 pp
−0.1 pp
0.0 pp
+0.1 pp
+0.1 pp
+0.2 pp
+0.1 pp
+0.2 pp
+0.2 pp
+0.1 pp
+0.1 pp
+0.7 pp
The Goldman Sachs Group, Inc. · GS
—
—
—
—
−0.2 pp
−0.2 pp
−0.1 pp
−0.1 pp
−0.1 pp
−0.1 pp
+0.1 pp
+0.1 pp
+0.1 pp
+0.1 pp
0.0 pp
0.0 pp
0.0 pp
+0.1 pp
0.0 pp
+0.1 pp
Tradeweb Markets Inc. · TW
—
—
—
—
+0.2 pp
−2.5 pp
−0.2 pp
+0.1 pp
+0.3 pp
+0.3 pp
+0.4 pp
+0.3 pp
+0.1 pp
+0.4 pp
+0.2 pp
+0.2 pp
+0.4 pp
+0.3 pp
+0.7 pp
+0.3 pp
09 · compare level, then change
ROE — Leaders & Improvers
Virtu Financial, Inc. has the highest ROE among the 27 Capital Markets companies compared here, at 14.4%. The Charles Schwab Corporation is next at 11.3%. Bitmine Immersion Technologies, Inc. has the highest ROE change at +15.2 percentage points, so level and change sit with different companies. 27 of 27 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Virtu Financial, Inc. leads roe at 14.4%; Bitmine Immersion Technologies, Inc. leads roe change at +15.2 percentage points.
LeaderVirtu Financial, Inc. · 14.4%
Gap27.4% versus #2 · The Charles Schwab Corporation
Persistence7/8 recent comparable periods
Coverage27/27 companies · 509 observations
Investor read: Virtu Financial, Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roe change signal.
ROE shows the return to shareholders, but should be read with asset quality and leverage.
ROEhighest
ROE changefastest improvers
Return on equity · company comparison
27/27 level · 27/27 change
All-company data · latest reported quarter
| Company | ROE | ROE change | Reported |
|---|---|---|---|
| Virtu Financial, Inc. VIRT | 14% | −4.7 pp | Jun 2026 |
| The Charles Schwab Corporation SCHW | 11% | +6.7 pp | Jun 2026 |
| Evercore Inc. EVR | 11% | +5.2 pp | Jun 2026 |
| Morgan Stanley MS | 10% | +6.9 pp | Jun 2026 |
| Piper Sandler Companies PIPR | 10% | +7.7 pp | Jun 2026 |
| Marex Group Limited MRX | 9.4% | +1.9 pp | Mar 2026 |
| PJT Partners Inc. PJT | 8.9% | +1.7 pp | Jun 2026 |
| Moelis & Company MC | 8.9% | −0.6 pp | Jun 2026 |
| Stifel Financial Corp. SF | 8.1% | +5.3 pp | Jun 2026 |
| StoneX Group Inc. SNEX | 7.6% | +3.4 pp | Mar 2026 |
| LPL Financial Holdings Inc. LPLA | 7.0% | −0.2 pp | Jun 2026 |
| Interactive Brokers Group, Inc. IBKR | 6.6% | +0.6 pp | Jun 2026 |
| Robinhood Markets, Inc. HOOD | 6.5% | +1.4 pp | Jun 2026 |
| BGC Group, Inc. BGC | 5.8% | +0.6 pp | Jun 2026 |
| The Goldman Sachs Group, Inc. GS | 5.4% | +2.3 pp | Jun 2026 |
| Figure Technology Solutions, Inc. FIGR | 5.4% | +5.7 pp | Mar 2026 |
| MarketAxess Holdings Inc. MKTX | 5.1% | −0.1 pp | Jun 2026 |
| Houlihan Lokey, Inc. HLI | 3.5% | −1.4 pp | Jun 2026 |
| Tradeweb Markets Inc. TW | 2.9% | +0.2 pp | Jun 2026 |
| Jefferies Financial Group Inc. JEF | 2.4% | +1.5 pp | Jun 2026 |
| Circle Internet Group, Inc. CRCL | 2.1% | −4.8 pp | Mar 2026 |
| Bitmine Immersion Technologies, Inc. BMNR | -1.4% | +15.2 pp | Jun 2026 |
| Galaxy Digital Inc. GLXY | -11% | +10.1 pp | Mar 2026 |
| IREN Limited IREN | -12% | −10.6 pp | Mar 2026 |
| Riot Platforms, Inc. RIOT | -19% | −7.8 pp | Mar 2026 |
| Hut 8 Corp. HUT | -19% | −3.4 pp | Mar 2026 |
| TeraWulf Inc. WULF | -897% | −869.6 pp | Mar 2026 |
Full 20-quarter history · every available company
ROE · reported quarter history
Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Circle Internet Group, Inc. · CRCL
67%
67%
—
—
23%
23%
—
—
0.0%
0.0%
—
—
7.0%
0.3%
6.9%
-41%
12%
5.3%
2.1%
—
Evercore Inc. · EVR
14%
22%
12%
7.5%
5.9%
9.1%
5.8%
2.7%
3.6%
5.2%
5.8%
4.9%
5.1%
8.3%
9.0%
5.9%
8.1%
10%
17%
11%
Interactive Brokers Group, Inc. · IBKR
2.2%
3.5%
3.7%
3.5%
4.6%
5.8%
6.2%
5.2%
6.4%
5.8%
5.9%
5.8%
5.7%
6.3%
6.0%
6.0%
6.7%
6.5%
6.0%
6.6%
IREN Limited · IREN
186%
31%
-1.3%
9.0%
14%
-40%
-0.8%
-1.9%
-1.6%
-1.6%
1.8%
-3.8%
-6.8%
-2.6%
-1.5%
12%
19%
-8.2%
-12%
—
Jefferies Financial Group Inc. · JEF
—
2.7%
3.2%
1.1%
1.9%
1.4%
1.3%
0.1%
0.5%
0.7%
1.7%
1.6%
1.8%
2.2%
1.4%
0.9%
2.4%
2.1%
1.5%
2.4%
LPL Financial Holdings Inc. · LPLA
7.3%
7.2%
8.4%
9.4%
13%
17%
17%
14%
11%
10%
13%
11%
11%
11%
12%
7.2%
-0.8%
7.3%
8.1%
7.0%
Morgan Stanley · MS
3.8%
3.5%
3.5%
2.4%
2.5%
2.2%
2.9%
2.2%
2.4%
1.5%
3.4%
3.1%
3.1%
3.6%
4.2%
3.4%
4.3%
4.1%
5.1%
10%
Robinhood Markets, Inc. · HOOD
-28%
-9.0%
-10%
-8.2%
-2.4%
-2.3%
-7.2%
0.4%
-1.3%
0.4%
2.3%
2.6%
2.2%
13%
4.5%
5.1%
7.0%
7.1%
3.9%
6.5%
Stifel Financial Corp. · SF
-4.5%
-4.6%
-4.9%
-4.1%
-3.6%
-3.4%
-3.8%
-3.5%
-3.5%
-3.8%
-3.7%
-4.2%
2.9%
4.4%
1.0%
2.8%
3.7%
4.5%
4.4%
8.1%
The Charles Schwab Corporation · SCHW
3.4%
2.8%
2.7%
3.5%
4.3%
4.2%
3.8%
3.2%
3.0%
2.7%
3.5%
3.3%
3.3%
4.1%
4.2%
4.6%
4.9%
5.0%
5.0%
11%
The Goldman Sachs Group, Inc. · GS
5.4%
5.3%
3.7%
2.7%
2.7%
2.6%
2.8%
1.0%
1.7%
1.7%
3.5%
2.6%
2.5%
3.4%
3.9%
3.1%
3.3%
3.7%
4.6%
5.4%
Tradeweb Markets Inc. · TW
1.3%
1.2%
1.9%
1.5%
1.5%
1.8%
1.9%
1.8%
2.0%
1.8%
2.5%
2.3%
2.2%
2.6%
2.7%
2.7%
3.2%
5.4%
3.4%
2.9%
ROE change · reported quarter history
Showing the 12 largest of 27 companies with a series here. The remaining 15 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Circle Internet Group, Inc. · CRCL
—
—
—
—
−44.1 pp
−44.1 pp
—
—
−23.2 pp
−23.2 pp
—
—
+7.0 pp
+0.3 pp
—
—
+4.9 pp
+5.0 pp
−4.8 pp
—
Evercore Inc. · EVR
—
—
—
—
−8.0 pp
−13.3 pp
−5.9 pp
−4.8 pp
−2.3 pp
−3.9 pp
0.0 pp
+2.2 pp
+1.5 pp
+3.1 pp
+3.2 pp
+1.0 pp
+3.0 pp
+2.1 pp
+7.8 pp
+5.2 pp
Interactive Brokers Group, Inc. · IBKR
—
—
—
—
+2.4 pp
+2.3 pp
+2.5 pp
+1.7 pp
+1.8 pp
0.0 pp
−0.3 pp
+0.6 pp
−0.7 pp
+0.5 pp
+0.1 pp
+0.2 pp
+1.0 pp
+0.2 pp
0.0 pp
+0.6 pp
IREN Limited · IREN
—
—
—
—
−172.3 pp
−71.0 pp
+0.5 pp
−10.9 pp
−15.1 pp
+38.5 pp
+2.6 pp
−1.9 pp
−5.2 pp
−1.0 pp
−3.3 pp
+15.9 pp
+26.0 pp
−5.6 pp
−10.6 pp
—
Jefferies Financial Group Inc. · JEF
—
—
—
—
—
−1.3 pp
−1.9 pp
−1.0 pp
−1.4 pp
−0.7 pp
+0.4 pp
+1.5 pp
+1.3 pp
+1.5 pp
−0.3 pp
−0.7 pp
+0.6 pp
−0.1 pp
+0.1 pp
+1.5 pp
LPL Financial Holdings Inc. · LPLA
—
—
—
—
+5.6 pp
+9.4 pp
+8.9 pp
+5.0 pp
−1.9 pp
−6.4 pp
−4.4 pp
−3.9 pp
−0.5 pp
+0.6 pp
−1.1 pp
−3.3 pp
−11.3 pp
−3.5 pp
−3.7 pp
−0.2 pp
Morgan Stanley · MS
—
—
—
—
−1.3 pp
−1.3 pp
−0.6 pp
−0.2 pp
−0.1 pp
−0.7 pp
+0.5 pp
+0.9 pp
+0.7 pp
+2.1 pp
+0.8 pp
+0.3 pp
+1.2 pp
+0.5 pp
+0.9 pp
+6.9 pp
Robinhood Markets, Inc. · HOOD
—
—
—
—
+25.3 pp
+6.7 pp
+2.8 pp
+8.6 pp
+1.1 pp
+2.7 pp
+9.5 pp
+2.2 pp
+3.5 pp
+12.1 pp
+2.2 pp
+2.5 pp
+4.8 pp
−5.4 pp
−0.6 pp
+1.4 pp
Stifel Financial Corp. · SF
—
—
—
—
+0.9 pp
+1.2 pp
+1.1 pp
+0.6 pp
+0.1 pp
−0.4 pp
+0.1 pp
−0.7 pp
+6.4 pp
+8.2 pp
+4.7 pp
+7.0 pp
+0.8 pp
+0.1 pp
+3.4 pp
+5.3 pp
The Charles Schwab Corporation · SCHW
—
—
—
—
+0.9 pp
+1.4 pp
+1.1 pp
−0.3 pp
−1.3 pp
−1.5 pp
−0.3 pp
+0.1 pp
+0.3 pp
+1.4 pp
+0.7 pp
+1.3 pp
+1.6 pp
+0.9 pp
+0.8 pp
+6.7 pp
The Goldman Sachs Group, Inc. · GS
—
—
—
—
−2.7 pp
−2.7 pp
−0.9 pp
−1.7 pp
−1.0 pp
−0.9 pp
+0.7 pp
+1.6 pp
+0.8 pp
+1.7 pp
+0.4 pp
+0.5 pp
+0.8 pp
+0.3 pp
+0.7 pp
+2.3 pp
Tradeweb Markets Inc. · TW
—
—
—
—
+0.2 pp
+0.6 pp
0.0 pp
+0.3 pp
+0.5 pp
0.0 pp
+0.6 pp
+0.5 pp
+0.2 pp
+0.8 pp
+0.2 pp
+0.4 pp
+1.0 pp
+2.8 pp
+0.7 pp
+0.2 pp
10 · not available
Gross NPA — Leaders & Improvers
No company in this Capital Markets comparison reports gross NPA on a comparable basis, so there is nothing to rank here — 0 of 27 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Jun 2026.
Lower gross NPA is better. Improvement means the ratio is falling, so ranks are intentionally inverted.
11 · compare level, then change
Valuation Against Growth & Quality
Virtu Financial, Inc. has the lowest P/BV ÷ ROE among the 27 Capital Markets companies compared here, at 0.15×. Morgan Stanley is next at 0.22×. TeraWulf Inc. has the lowest P/BV at -77.9×, so level and change sit with different companies. 21 of 27 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Virtu Financial, Inc. has the lowest comparable P/BV ÷ ROE at 0.15×, 31.8% below Morgan Stanley. Only 21 of 27 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderVirtu Financial, Inc. · 0.15×
Gap31.8% versus #2 · Morgan Stanley
Persistence0/8 recent comparable periods
Coverage21/27 companies · 360 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.
Banks are compared on P/BV and P/BV÷ROE, not PEG. Lower is better only if asset quality and return durability hold; cheap book value with weakening NPAs is not automatically attractive.
P/BV ÷ ROElowest return-adjusted price
P/BVlowest P/BV
Valuation · company comparison
21/27 level · 26/27 change
All-company data · latest reported quarter
Full 20-quarter history · every available company
P/BV ÷ ROE · reported quarter history
Showing the 12 largest of 25 companies with a series here. The remaining 13 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Circle Internet Group, Inc. · CRCL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.9
1.1
3.3
—
Evercore Inc. · EVR
0.3
0.2
0.3
0.4
0.4
0.3
0.6
1.2
1.0
0.8
0.9
1.1
1.2
0.8
0.6
1.1
0.9
0.6
0.4
—
Interactive Brokers Group, Inc. · IBKR
1.2
0.9
0.7
0.6
0.5
0.5
0.5
0.5
0.4
0.4
0.5
0.6
0.6
0.7
0.7
0.8
0.9
0.8
0.9
1.0
IREN Limited · IREN
—
0.1
—
0.1
0.1
—
—
—
—
—
0.6
—
—
—
—
0.2
0.2
—
—
—
Jefferies Financial Group Inc. · JEF
—
0.3
0.2
0.7
0.4
0.6
0.7
7.2
1.5
1.1
0.5
0.6
0.7
0.7
1.0
1.1
0.5
0.6
0.7
0.4
LPL Financial Holdings Inc. · LPLA
1.1
1.1
1.0
0.9
0.7
0.5
0.4
0.6
0.8
0.8
0.7
0.8
0.6
0.8
0.7
0.8
—
0.7
0.5
0.6
Morgan Stanley · MS
0.4
0.5
0.4
0.5
0.5
0.7
0.5
0.6
0.6
1.0
0.5
0.5
0.5
0.5
0.4
0.6
0.5
0.6
0.5
—
Robinhood Markets, Inc. · HOOD
—
—
—
—
—
—
—
3.2
—
4.2
1.1
1.1
1.3
0.3
1.0
2.0
2.2
1.6
1.7
1.5
Stifel Financial Corp. · SF
—
—
—
—
—
—
—
—
—
—
—
—
0.6
0.4
1.8
0.7
0.5
0.5
0.4
—
The Charles Schwab Corporation · SCHW
0.7
1.0
1.2
0.8
0.9
1.0
0.7
0.9
0.9
1.1
0.9
0.9
0.8
0.7
0.7
0.7
0.7
0.7
0.7
—
The Goldman Sachs Group, Inc. · GS
0.2
0.2
0.3
0.3
0.3
0.4
0.3
0.9
0.5
0.6
0.3
0.5
0.5
0.4
0.4
0.6
0.6
0.6
0.4
—
Tradeweb Markets Inc. · TW
2.7
3.7
2.0
2.0
1.6
1.5
1.7
1.6
1.6
2.0
1.6
1.7
2.1
1.9
2.0
1.9
1.2
0.7
1.1
1.1
P/BV · reported quarter history
Showing the 12 largest of 26 companies with a series here. The remaining 14 are complete in the plain-text rendition and the trace payload — nothing is dropped from the data, only from this grid.
Circle Internet Group, Inc. · CRCL
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
17.5
10.3
5.8
6.9
—
Evercore Inc. · EVR
4.3
3.9
3.2
2.7
2.3
2.7
3.2
3.3
3.6
4.1
5.1
5.3
6.2
6.2
5.1
6.3
7.2
6.5
6.5
—
Interactive Brokers Group, Inc. · IBKR
2.6
3.3
2.6
2.2
2.5
2.6
2.8
2.7
2.7
2.5
3.2
3.4
3.7
4.5
4.0
5.1
6.0
5.3
5.4
6.6
IREN Limited · IREN
—
2.0
1.3
0.4
0.8
0.3
0.6
1.0
0.7
1.6
1.1
1.9
1.4
1.6
1.0
2.1
4.6
5.0
4.4
—
Jefferies Financial Group Inc. · JEF
—
0.8
0.8
0.7
0.7
0.8
0.9
0.7
0.8
0.8
0.9
1.0
1.2
1.6
1.3
1.0
1.3
1.3
1.0
1.0
LPL Financial Holdings Inc. · LPLA
7.8
7.7
8.4
8.0
8.7
7.9
7.2
7.9
8.6
8.2
8.7
8.3
6.3
8.3
7.8
5.9
5.3
5.4
4.2
3.9
Morgan Stanley · MS
1.7
1.7
1.5
1.3
1.3
1.4
1.5
1.4
1.4
1.5
1.5
1.6
1.6
1.9
1.8
2.1
2.3
2.5
2.3
—
Robinhood Markets, Inc. · HOOD
4.9
2.1
1.7
1.0
1.3
1.0
1.2
1.3
1.3
1.7
2.6
2.8
2.9
4.1
4.6
10.3
15.0
11.2
6.7
9.5
Stifel Financial Corp. · SF
1.5
1.5
1.4
1.2
1.1
1.2
1.2
1.2
1.2
1.3
1.5
1.6
1.7
1.9
1.8
1.9
2.0
2.1
1.9
—
The Charles Schwab Corporation · SCHW
2.4
2.8
3.2
2.7
3.7
4.2
2.6
2.8
2.7
3.1
3.1
3.1
2.5
2.8
2.9
3.4
3.5
3.6
3.3
—
The Goldman Sachs Group, Inc. · GS
1.2
1.2
1.0
0.9
0.8
1.0
0.9
0.9
0.9
1.1
1.1
1.2
1.3
1.5
1.4
1.7
1.9
2.1
2.0
—
Tradeweb Markets Inc. · TW
3.6
4.4
3.9
3.0
2.4
2.7
3.3
2.8
3.2
3.6
4.0
4.0
4.6
4.8
5.3
5.1
3.8
3.5
3.8
3.2
12 · before the conclusion, check the blind spots
What can make this comparison misleading?
This Capital Markets comparison names 6 specific ways its own evidence can mislead, all listed below. All 27 companies here report on comparable dates, so no rank carries a stale marker. 2 of the 7 ranked sections have fewer than three usable current readings. A high growth rate can still be a low-base artefact.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROE can be manufactured with leverage. Read it beside ROA and asset quality.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- Banks and lenders are not forced through operating-margin or ROCE comparisons; missing lender-specific fields remain visibly missing.
- Thin comparisons: Funding base, Asset quality have fewer than three usable current readings.
13 · evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 27 Capital Markets companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-08-04. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-08-04 · weekly price and relative-strength history
Derived metricsGrowth, changes and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
14 · questions investors ask, short speakable answers
Capital Markets company comparison FAQs
These 21 answers restate the Capital Markets comparison above in question form. Every one is computed from the same 27 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-08-04. Nothing here is estimated, and none of it is a recommendation.
Is the Capital Markets sector outperforming S&P 500?
Capital Markets has outperformed S&P 500 by 6.5% over 52 weeks and 5.5% over 13 weeks. 10 of 26 covered companies beat the S&P 500 on Mansfield relative strength, while 11 of 26 beat the sector itself.
Which Capital Markets company is largest by income?
Morgan Stanley leads with income of $78,042 million, based on 13 of 27 comparable companies through Jun 2026.
Which Capital Markets company is growing fastest?
Hut 8 Corp. has the fastest current income growth at 100%, across 13 of 27 comparable companies.
Which Capital Markets company has the strongest 4-Factor Sector Score?
Marex Group Limited ranks first at 65/100 with 76% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Capital Markets company has the lowest comparable P/BV-to-ROE?
Virtu Financial, Inc. has the lowest comparable P/BV ÷ ROE at 0.15, among 21 of 27 companies whose earnings and growth are steady enough for the ratio to mean anything.
How much history does this Capital Markets comparison include?
The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Which Capital Markets company is the biggest?
Morgan Stanley is the largest, with trailing-twelve-month income of $78,042 million, ahead of The Goldman Sachs Group, Inc. at $66,203 million. That covers 13 of 27 companies with comparable reporting through Jun 2026.
Which Capital Markets company makes the most profit?
The Goldman Sachs Group, Inc. earns the most, at $20,973 million of trailing-twelve-month net profit, from 13 of 27 comparable companies. StoneX Group Inc. has the fastest profit growth at 56.1%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Capital Markets company earns the highest return on capital?
Piper Sandler Companies leads on return on assets at 7.2%, across 25 of 27 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Capital Markets stock is the cheapest?
On price-to-book divided by return on equity — where a LOWER number is cheaper — Virtu Financial, Inc. screens cheapest at 0.15×. Only 21 of 27 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Is the Capital Markets sector beating the market?
Capital Markets has outperformed S&P 500 by 6.5% over the last 52 weeks and 5.5% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 10 of 26 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Capital Markets stock has the strongest price momentum?
Hut 8 Corp. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Capital Markets company scores highest for research priority?
Marex Group Limited scores 65 out of 100 with 76% evidence confidence, from 24 points on growth and earnings, 12.4 on capital efficiency, 9.5 on valuation and 19.1 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Capital Markets companies does this comparison cover, and over what period?
It compares 27 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Capital Markets sector?
The 27 Capital Markets companies on this page carry $1,205,734 million of combined market value. Morgan Stanley is the largest at $341,187 million, about 28% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.
What is the Capital Markets sector's P/B ratio?
The median price-to-book ratio across the 27 Capital Markets companies on this page is 3.8×, measured on the 25 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-04.
How is the Capital Markets sector performing?
10 of the 26 covered Capital Markets companies are beating S&P 500 on Mansfield relative strength. The sector itself is 6.5% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.
How many Capital Markets stocks are listed in the US?
This comparison covers 27 listed Capital Markets companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.