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LPL Financial Holdings LPLA Return on invested capital

Return on invested capital at other companies

Charles Schwab Corporation logo
Charles Schwab CorporationSCHW
107%-70.0pp
T Rowe Price Group logo
T Rowe Price GroupTROW
22.7%0.0pp
BEN
Franklin ResourcesBEN
4%+1.4pp
Northern Trust logo
Northern TrustNTRS
56.8%-37.7pp
PNC Financial Services logo
PNC Financial ServicesPNC
18.1%-4.3pp
Blackrock logo
BlackrockBLK
10.9%

Other financials

Income statement

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Revenue$4.9B+34.6%
Net income$356.4M+11.9%
EPS (diluted)$4.43+4.5%

Balance sheet

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Cash & equivalents$2.9B+1.8%
Total debt$7.4B+24.4%
Total equity$5.7B+82.0%
Total assets$18.8B+34.9%

Cash flow

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Operating cash flow$290.4M-14.5%
CapEx$165.8M+38.8%
Free cash flow$124.6M-43.4%

Valuation

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Market cap$24.35B-1.3%
Enterprise value$28.86B+4.0%
P/E27×+4.4×
P/S1.3×-0.5×

Profitability

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Net margin4.9%-3.3pp

Returns & leverage

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Return on equity20.5%-19.9pp
Debt / equity1.3×-0.6×

Where this comes from

Calculated from LPL Financial Holdings’s reported figures.

Based on trailing twelve months.

The official record: LPL Financial Holdings’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is LPL Financial Holdings's return on invested capital?
LPL Financial Holdings (LPLA) reported return on invested capital of 14.8% in Q1 2026.
How has LPL Financial Holdings's return on invested capital changed year-over-year?
LPL Financial Holdings's return on invested capital decreased by 44.7% year-over-year, from 26.7% to 14.8%.
What is the long-term trend for LPL Financial Holdings's return on invested capital?
Over 4 years (2021 to 2025), LPL Financial Holdings's return on invested capital has grown at a -2.3% compound annual growth rate (CAGR), from 90.1% to 82.1%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.