Sector
Financials, in the accounts
99 companies · each one's last fiscal year · from their SEC filings
Financials has 99 companies with five or more years of accounts filed with the SEC. The median one grew revenue +7% in its last fiscal year and kept 23% of it as operating profit; a quarter of them kept more than 58%. The median return on invested capital is 12%, with the middle half of the sector between 6% and 23%. Net debt is 0.4 times EBITDA at the median company.
Revenue growth, last year
+7%
middle half: +2% to +15% · 98 companies
Gross margin
53%
middle half: 42% to 70% · 12 companies
Operating margin
23%
middle half: 15% to 58% · 85 companies
Free cash flow margin
26%
middle half: 14% to 52% · 67 companies
Return on invested capital
12%
middle half: 6% to 23% · 59 companies
Net debt to EBITDA
0.4×
middle half: -0.8× to 1.8× · 54 companies
R&D as a share of revenue
19%
middle half: 10% to 21% · 7 companies
Stock compensation as a share of revenue
2%
middle half: 1% to 8% · 92 companies
The companies
Largest first. Each figure is the company's last fiscal year, as filed; open a company for its ten years.
| Company | Revenue | Growth | Operating margin | FCF margin | ROIC | Net debt / EBITDA |
|---|---|---|---|---|---|---|
| BRK-B Berkshire Hathaway Inc 2025 | 247.2B | -1% | 35% | 10% | — | — |
| JPM Jpmorgan Chase & Co 2025 | 182.4B | +3% | 92% | — | 31% | -1.6× |
| V Visa Inc. 2025 | 40.0B | +11% | 60% | 54% | 32% | 0.3× |
| MA Mastercard Inc 2025 | 32.8B | +16% | 58% | 52% | 57% | 0.4× |
| BAC Bank OF America Corp 2025 | 113.1B | +7% | 86% | — | 13% | 0.9× |
| C Citigroup Inc 2025 | 85.2B | +6% | 93% | -87% | 10% | 0.2× |
| AXP American Express Co 2025 | 41.3B | +6% | 75% | 39% | 27% | 0.3× |
| SCHW Schwab Charles Corp 2025 | 23.9B | +22% | 97% | 37% | — | — |
| IBKR Interactive Brokers Group, Inc. 2025 | 2.4B | +23% | 342% | — | — | — |
| BX Blackstone Inc. 2025 | 14.5B | +9% | 53% | 31% | 30% | 1.3× |
| CB Chubb Ltd 2025 | 59.4B | +7% | 23% | — | 12% | — |
| COF Capital ONE Financial Corp 2025 | 8.1B | +36% | — | 324% | 36% | -1.2× |
| PGR Progressive Corp 2025 | 87.7B | +16% | 17% | 20% | 38% | -0.0× |
| HOOD Robinhood Markets, Inc. 2025 | 4.5B | +52% | 81% | — | — | — |
| BNY Bank of New York Mellon Corp 2025 | 20.1B | +8% | — | 26% | — | — |
| CME CME Group Inc. 2025 | 6.5B | +6% | 65% | 64% | 11% | -1.0× |
| USB US Bancorp DE 2025 | 28.7B | +4% | 91% | — | 25% | — |
| KKR KKR & Co. Inc. 2025 | 19.5B | -11% | 51% | — | — | — |
| PNC PNC Financial Services Group, Inc. 2025 | 23.1B | +7% | 99% | — | 16% | 0.7× |
| ICE Intercontinental Exchange, Inc. 2025 | 12.6B | +7% | 39% | 34% | 8% | 2.9× |
| MRSH Marsh & Mclennan Companies, Inc. 2025 | 27.0B | +10% | 23% | 19% | 14% | 2.6× |
| TRV Travelers Companies, Inc. 2025 | 48.8B | +5% | 17% | — | 20% | -0.1× |
| MSTR Strategy Inc 2025 | 477.2M | +3% | — | -16% | -14% | -1.1× |
| MET Metlife Inc 2025 | 2.4B | +9% | 252% | — | 16% | -3.5× |
| AON Aon plc 2025 | 17.2B | +9% | 25% | 19% | 14% | 3.1× |
| AJG Arthur J. Gallagher & Co. 2025 | 13.9B | +21% | 18% | 13% | 6% | 3.1× |
| ALL Allstate Corp 2025 | 67.7B | +6% | 19% | 15% | 27% | 0.5× |
| AFL Aflac Inc 2025 | 17.2B | -9% | 28% | — | — | — |
| COIN Coinbase Global, Inc. 2025 | 7.2B | +9% | 20% | — | 5% | -2.5× |
| NDAQ Nasdaq, Inc. 2025 | 8.3B | +12% | 28% | 24% | 9% | 3.4× |
| STT State Street Corp 2025 | 13.9B | +7% | 48% | 78% | — | — |
| FITB Fifth Third Bancorp 2023 | 577.0M | -2% | — | — | 15% | 1.8× |
| AMP Ameriprise Financial Inc 2025 | 18.9B | +5% | 24% | 43% | — | — |
| PYPL PayPal Holdings, Inc. 2025 | 33.2B | +4% | 18% | 17% | — | 0.3× |
| ARES Ares Management Corp 2025 | 5.6B | +44% | 23% | — | — | — |
| PRU Prudential Financial Inc 2025 | 60.8B | -14% | 8% | — | 7% | 0.1× |
| AIG American International Group, Inc. 2025 | 26.8B | -2% | 16% | — | 7% | 1.0× |
| HIG Hartford Insurance Group, Inc. 2025 | 1.5B | +3% | 329% | 382% | 17% | 0.8× |
| ACGL Arch Capital Group Ltd. 2025 | 19.9B | +14% | 27% | 31% | — | — |
| MTB M&T Bank Corp 2025 | 1.7B | +8% | — | — | 19% | -0.5× |
| NTRS Northern Trust Corp 2025 | 5.0B | +6% | 95% | 109% | — | — |
| HBAN Huntington Bancshares Inc 2025 | 1.6B | +6% | — | 142% | 17% | 0.5× |
| RJF Raymond James Financial Inc 2025 | 15.9B | +7% | — | 14% | — | — |
| WTW Willis Towers Watson plc 2025 | 9.5B | -2% | 23% | 16% | 13% | 1.3× |
| CBOE Cboe Global Markets, Inc. 2025 | 4.7B | +15% | 31% | 36% | 16% | -0.5× |
| LPLA LPL Financial Holdings Inc. 2025 | 17.0B | +37% | 9% | -6% | 9% | 3.2× |
| GPN Global Payments Inc 2025 | 7.7B | -0% | 23% | 26% | 3% | 4.4× |
| TW Tradeweb Markets Inc. 2025 | 2.1B | +19% | 41% | 55% | — | — |
| RGLD Royal Gold Inc 2025 | 1.0B | +43% | 62% | — | 7% | 0.8× |
| OWL Blue OWL Capital Inc. 2025 | 2.9B | +25% | 18% | 42% | 8% | 5.8× |
| CRBG Corebridge Financial, Inc. 2025 | 18.5B | -1% | 0% | — | 0% | -0.8× |
| EQH Equitable Holdings, Inc. 2025 | 11.7B | -6% | -10% | — | -36% | — |
| EG Everest Group, Ltd. 2025 | 17.5B | +1% | 11% | — | — | — |
| IVZ Invesco Ltd. 2025 | 6.4B | +5% | -11% | 23% | -8% | -1.5× |
| ERIE Erie Indemnity Co 2025 | 4.1B | +7% | 18% | 14% | — | — |
| SF Stifel Financial Corp 2025 | 3.8B | +14% | 45% | 28% | 20% | -0.9× |
| FHN First Horizon Corp 2025 | 3.4B | +7% | 114% | 17% | 25% | 0.4× |
| RYAN Ryan Specialty Holdings, Inc. 2025 | 3.0B | +22% | 16% | 21% | 9% | 6.3× |
| ONB OLD National Bancorp 2021 | 125.6M | +6% | 303% | 224% | — | — |
| ORI OLD Republic International Corp 2025 | 9.1B | +11% | 14% | — | — | — |
| RIOT Riot Platforms, Inc. 2025 | 647.4M | +72% | -96% | -120% | -17% | -2.2× |
| HLI Houlihan Lokey, Inc. 2026 | 2.6B | +10% | 20% | 26% | — | — |
| JXN Jackson Financial Inc. 2025 | 6.7B | +104% | -0% | — | -0% | — |
| WULF Terawulf Inc. 2025 | 168.5M | +20% | -111% | — | -6% | 1.7× |
| IDCC InterDigital, Inc. 2025 | 834.0M | -4% | 55% | 63% | 25% | -0.5× |
| LNC Lincoln National Corp 2025 | 18.2B | -1% | 9% | — | 8% | — |
| PJT PJT Partners Inc. 2025 | 1.7B | +15% | 20% | 28% | — | — |
| CORZ Core Scientific, Inc./tx 2025 | 319.0M | -38% | -77% | -141% | — | — |
| ESNT Essent Group Ltd. 2025 | 1.3B | +1% | 68% | 67% | — | — |
| DLB Dolby Laboratories, Inc. 2025 | 1.3B | +6% | 20% | 32% | — | — |
| MARA Mara Holdings, Inc. 2025 | 58.7M | -39% | — | — | -18% | -6.8× |
| FLG Flagstar Bank, National Association 2022 | 27.0M | +17% | — | — | 4% | 12.5× |
| SIGI Selective Insurance Group Inc 2025 | 5.3B | +10% | 12% | 22% | — | — |
| RDN Radian Group Inc 2025 | 1.2B | -1% | 72% | 10% | — | — |
| DAVE Dave Inc. 2025 | 554.2M | +60% | 32% | 52% | 41% | -0.4× |
| CLSK Cleanspark, Inc. 2025 | 766.3M | +102% | 42% | -79% | 10% | 0.9× |
| CNS Cohen & Steers, Inc. 2025 | 556.1M | +7% | 32% | -23% | — | — |
| GNW Genworth Financial Inc 2025 | 7.3B | +0% | 7% | — | 4% | -0.7× |
| CRVL Corvel Corp 2026 | 958.5M | +7% | 15% | 12% | — | — |
| LMND Lemonade, Inc. 2025 | 737.9M | +40% | -22% | -4% | — | — |
| WT WisdomTree, Inc. 2025 | 493.8M | +15% | 35% | 30% | — | — |
| GPGI Gpgi, Inc. 2025 | 59.8M | -86% | -23% | -38% | -7% | 9.5× |
| LAZ Lazard, Inc. 2025 | 3.2B | +1% | 10% | 15% | 10% | 0.6× |
| AAMI Acadian Asset Management Inc. 2025 | 563.7M | +11% | 23% | — | — | — |
| DBRG DigitalBridge Group, Inc. 2025 | 94.0M | -85% | 1% | 275% | 0% | -2.8× |
| FG F&G Annuities & Life, Inc. 2025 | 5.7B | -0% | — | — | — | — |
| NBTB NBT Bancorp Inc 2025 | 183.0M | +10% | 394% | 120% | 27% | — |
| HCI HCI Group, Inc. 2025 | 900.9M | +20% | 49% | 49% | — | — |
| HMN Horace Mann Educators Corp 2025 | 1.7B | +7% | 14% | — | 9% | 2.1× |
| RBCAA Republic Bancorp Inc 2025 | 417.5M | +8% | 120% | 39% | — | — |
| GSHD Goosehead Insurance, Inc. 2025 | 365.3M | — | 20% | 24% | 33% | 3.0× |
| OPY Oppenheimer Holdings Inc 2025 | 1.4B | +16% | 15% | 13% | — | — |
| MCB Metropolitan Bank Holding Corp. 2025 | 11.1M | -54% | — | — | — | — |
| HRTG Heritage Insurance Holdings, Inc. 2025 | 847.3M | +4% | 32% | 21% | 35% | -1.8× |
| ORRF Orrstown Financial Services Inc 2025 | 37.1M | +36% | — | 190% | — | — |
| IBCP Independent Bank Corp 2025 | 32.1M | +0% | — | 219% | — | — |
| SFST Southern First Bancshares Inc 2025 | 6.3M | +13% | — | 476% | — | — |
| MCY Mercury General Corp 2025 | 6.0B | +9% | 11% | 17% | 18% | -1.0× |
| CORZW Core Scientific, Inc./tx 2025 | 319.0M | -38% | -77% | -141% | — | — |
Other sectors
Your own portfolio, by sector
Signed in, the risk tab groups your holdings with this same classification: how much money and how much risk sits in each sector, and each company against its sector's median.
Sectors are grouped from each company's SEC industry code — our own grouping of public data, not the GICS classification. Only companies that file their accounts with the US Securities and Exchange Commission are covered: their filings are public, so they can be shown to anyone. A European share or an ETF files elsewhere, and is not here. Nothing on these pages is a recommendation to buy or sell anything.