LPL Financial Holdings LPLA Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Net margin | 23.3%-3.3pp | 26.6%-3.5pp | 30%-3.4pp | 33.4%-1.0pp | 34.4%-1.5pp | |
| EBITDA margin | 49.6%-4.3pp | 53.9%-4.5pp | 58.4%-4.3pp | 62.7%-1.3pp | 64%-1.9pp | |
| Returns | ||||||
| Return on equity | 92.1%-19.9pp | 112%-21.4pp | 133.4%-20.0pp | 153.4%-12.6pp | 166%-5.2pp | |
| Return on assets | 24.2%-3.2pp | 27.4%-3.5pp | 30.9%-3.8pp | 34.7%-1.6pp | 36.4%-1.4pp | |
| Return on invested capital | 70.1%-12.0pp | 82.1%-12.0pp | 94.1%-15.2pp | 109.2%-6.5pp | 115.7%-9.3pp | |
| Efficiency | ||||||
| Asset turnover | 4.2×+0.1× | 4.1×0.0× | 4.1×0.0× | 4.2×-0.1× | 4.2×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 5.7×-0.6× | 6.3×-0.6× | 6.8×-0.2× | 7×-0.4× | 7.4×+0.1× | |
| Debt-to-assets | 1.6×0.0× | 1.7×0.0× | 1.7×0.0× | 1.7×0.0× | 1.7×+0.1× | |
| Net debt / EBITDA | 7.8×+0.7× | 7.1×+0.7× | 6.4×+1.7× | 4.7×-0.3× | 4.9×+0.8× | |
| Interest coverage | 17.5×-2.2× | 19.7×-2.2× | 21.9×-3.2× | 25.1×-1.3× | 26.4×-2.2× | |
| Per Share | ||||||
| Book value per share | $264.17+12.4% | $235.08+13.9% | $206.33+14.4% | $180.34+19.8% | $150.49+8.3% | |
| Valuation | ||||||
| Market capitalization | $107.61B-0.3% | $107.92B+4.0% | $103.78B+9.8% | $94.55B+8.6% | $87.06B+5.7% | |
| Enterprise value | $122.84B+0.9% | $121.74B+4.7% | $116.26B+11.9% | $103.86B+7.5% | $96.65B+7.3% | |
| Price / earnings | 117.1×+4.3× | 112.8×+10.0× | 102.8×+14.7× | 88.1×+4.0× | 84.2×+3.0× | |
| Price / sales | 6.7×-0.5× | 7.2×-0.3× | 7.5×+0.2× | 7.3×+0.1× | 7.2×0.0× | |
| Price / book | 20.4×-3.6× | 24×-3.0× | 27×-1.0× | 28×-2.7× | 30.7×-0.9× | |
| EV / EBITDA | 62×+0.6× | 61.5×+3.0× | 58.4×+6.9× | 51.5×+1.4× | 50.1×+1.9× | |
| EV / sales | 7.6×-0.5× | 8.2×-0.3× | 8.4×+0.4× | 8.1×0.0× | 8×+0.1× | |
| Earnings yield | 13.8%-0.7pp | 14.6%-1.3pp | 15.9%-2.7pp | 18.5%-0.7pp | 19.3%-0.7pp | |
| Dividend yield | 1.4%0.0pp | 1.4%0.0pp | 1.4%-0.2pp | 1.6%-0.1pp | 1.7%-0.1pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- Where do LPL Financial Holdings's ratios come from?
- Every ratio is computed from LPL Financial Holdings's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
