COMP <GO>
IBKR vs NDAQ // EV/EBITDA & P/E VALUATION
Interactive Brokers Group Inc. (NASDAQ) VS. Nasdaq Inc. (NASDAQ) • 15-METRIC TALLY: IBKR 3
— NDAQ 9
▲ EV/EBITDA & P/E VALUATION LEADER: NDAQ
LAST: $76.90 (-5.96%) • MKT CAP: $37.05B
valuation
95.0x
LAST: $106.23 (+0.60%) • MKT CAP: $58.60B
valuation
26.0x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (IBKR VS. NDAQ)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | IBKR | NDAQ | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 0.30% | 9.10% | -8.80 | NDAQ | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 95.0x | 26.0x | +69.00 | NDAQ | /valuation <GO> |
| Free Cash Flow Yield | 22.00% | 3.39% | +18.61 | IBKR | /fcf-yield <GO> |
| Operating Margin | 13.90% | 28.20% | -14.30 | NDAQ | /operating-margins <GO> |
| Net Profit Margin | 10.90% | 21.60% | -10.70 | NDAQ | /net-margins <GO> |
| Revenue Growth (YoY) | 23.40% | 11.60% | +11.80 | IBKR | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.36% | 1.03% | -0.67 | NDAQ | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 9/9 | -2.00 | NDAQ | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 45.2 | 72.6 | -27.40 | NDAQ | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.92 | 0.88 | +0.04 | IBKR | /macro-sensitivity <GO> |
| Forward P/E Multiple | 117.3x | 30.5x | +86.80 | NDAQ | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $37.05B | $58.60B | -$21.56B | NDAQ | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | IBKR REV | NDAQ REV | IBKR GROSS % | NDAQ GROSS % | IBKR FCF | NDAQ FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $2.44B | $8.26B | — | 63.5% | $15.70B | $1.99B |
| FY 2024 | $1.98B | $7.40B | — | 62.8% | $8.64B | $1.73B |
| FY 2023 | $1.56B | $6.06B | — | — | $4.47B | $1.42B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
IBKR // BETA 0.92
NDAQ // BETA 0.88