IBKR
Daily closes · 1Y (252 sessions) · +35.5% · range 60.16–97.41
The Businesswhat the company reports
Business & cash flow
| OCF / assets | 7.8% |
|---|---|
| FCF / revenue | 154.7% |
| Gross margin | 93.0% |
| ROIC | 19.6% |
| Forward P/E | 28.8 |
This company does not report capital expenditure in the standard filing tag, so free cash flow cannot be derived and FCF/assets is not shown — common for asset managers, REITs, insurers and utilities. OCF/assets is shown instead, and it is the other measure Brown Bear's testing found to survive. Assets are from the latest annual filing (FY2025).
Price vs Earnings growth
Price has run ahead of forward EPS growth by 12.1pp
Confidence 95.0/100
Drivers
| Forward EPS growth | +23.4% |
|---|---|
| Trailing price return (1y) | +35.5% |
| Forward P/E compression | +19.0% |
Figures
| Trailing EPS | 2.58 |
|---|---|
| Forward EPS | 3.18 |
| Trailing P/E | 35.53 |
| Forward P/E | 28.79 |
Revisions
Stable (-0.2%, 10 dates)
Takeaway Price has moved further than forward earnings growth currently justifies — worth weighing against the rest of the entry case.
Reported earnings
Revenue Derived Q4
12 quarters to Q1 26. Revenue and net income share one scale, so the gap between them is the margin.
| Quarter ending | Revenue | YoY | Net income | EPS (GAAP) | EPS reported | vs consensus | Filed |
|---|---|---|---|---|---|---|---|
| 2026-03-31 | 699.00m | +18.1% | — | — | 0.60 | -2.2% | 2026-05-07 |
| 2025-12-31 (derived) | 667.00m | +19.5% | — | — | 0.65 | +7.8% | 2026-02-27 |
| 2025-09-30 | 603.00m | +18.9% | — | — | 0.57 | +3.1% | 2025-11-05 |
| 2025-06-30 | 578.00m | +21.9% | — | — | — | — | 2025-08-06 |
| 2025-03-31 | 592.00m | +35.2% | — | — | — | — | 2025-05-08 |
| 2024-12-31 (derived) | 558.00m | +38.5% | — | — | — | — | 2025-02-27 |
| 2024-09-30 | 507.00m | +31.7% | — | — | — | — | 2024-11-07 |
| 2024-06-30 | 474.00m | +28.5% | — | — | — | — | 2024-08-05 |
| 2024-03-31 | 438.00m | — | — | — | — | — | 2024-05-06 |
| 2023-12-31 (derived) | 403.00m | — | — | — | — | — | 2024-02-27 |
| 2023-09-30 | 385.00m | — | — | — | — | — | 2023-11-06 |
| 2023-06-30 | 369.00m | — | — | — | — | — | 2023-08-08 |
Earnings response
| Typical move around a filing | ±1.6% |
|---|---|
| On an ordinary two days | ±1.8% — filings move it 0.9× as much |
| Direction | 6 up, 6 down over 12 filings |
Revenue up year on year Revenue down Price move around the filing separate scales — a crossing means nothing
| Quarter ending | Filed | Revenue YoY | Move around filing | Next 20 sessions vs SPY |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-07 | +18.1% | -3.0% | +3.4% |
| 2025-09-30 | 2025-11-05 | +18.9% | -1.2% | -9.9% |
| 2025-06-30 | 2025-08-06 | +21.9% | +0.8% | -8.6% |
| 2025-03-31 | 2025-05-08 | +35.2% | +3.2% | +4.2% |
| 2024-09-30 | 2024-11-07 | +31.7% | -1.1% | +5.2% |
| 2024-06-30 | 2024-08-05 | +28.5% | -1.8% | +8.3% |
| 2024-03-31 | 2024-05-06 | +9.5% | +0.3% | +0.9% |
| 2023-09-30 | 2023-11-06 | +5.5% | +2.7% | -5.8% |
| 2023-06-30 | 2023-08-08 | +1.1% | -0.2% | +3.7% |
| 2023-03-31 | 2023-05-08 | -0.5% | +1.9% | -0.3% |
| 2022-09-30 | 2022-11-08 | +1.4% | -2.2% | -8.2% |
| 2022-06-30 | 2022-08-09 | +0.8% | +1.5% | +13.0% |
Share count
Diluted shares Return since the previous filing
| Direction | Growing — shares issued |
|---|---|
| Diluted shares | 448.4M as at 2026-03-31 |
| Change over 1 year | +2.0% |
| Change over 3 years | +7.7% |
| Public float | $23.76bn as at 2025-06-30 (10-K) |
Counts are restated for the 4:1 split of 2025-06-18, which would otherwise read as a share issuance.
The Pricewhat the chart is doingTop ↑
Price Levels
| Strategy | Current Price Reasonable |
|---|---|
| Reference band | 90.29 — 92.58 |
| Protective stop | 84.31 (Structure, 7.8% risk) |
| Support | 85.88 (4 touches, 6.7% away) |
| Resistance | 95.12 (3.8% away) |
Takeaway The shares are nearer the ceiling than the floor: about 3.8% below 95.12, where sellers have turned up before, and 6.7% above 85.88, where buyers have stepped in before. That floor has held 4 times, which is how it was spotted. If someone bought at today's price and sold if it dropped through the level below, they would be about 7.8% out of pocket. That is all this figure means — an illustration of the risk, not a price to sell at.
Levels are computed from price structure. They describe where the engine locates support and extension — they are not targets, and not advice.
Ichimoku Cloud (Adaptive)
| Daily cloud | Price ABOVE the cloud | periods 8/22/44 (85% of classic 9/26/52) |
|---|---|
| Lines | Tenkan/Kijun BULL | cloud twist BEAR |
| Cloud event | Fresh up breakout 0d ago |
| Cloud thickness | 19% percentile (thin — little structure to fight through) |
| Chikou span | Not clear of price from 26 periods ago |
| Weekly cloud | Price ABOVE the weekly cloud (context only, not scored) |
Takeaway The stock is trading above its cloud — a shaded band drawn from several of its own moving averages, currently 89.94 to 91.25. Being above it means the medium-term picture is pointing upwards, and that band is the first place the stock has recent support if it slips back. Its shorter-term averages agree with that.
Trailing returns
| 21 days | -4.1% |
|---|---|
| 63 days | +8.4% |
| 126 days | +18.7% |
| 252 days | +38.5% |
| Below 252d high | 5.9% |
Trend context
| Position | Far above trend |
|---|---|
| Extension | Extremely extended |
| Trend slope | Rising |
| Direction of travel | Holding its deviation |
Takeaway Extreme upside extension above Kalman fair trend; entry risk is elevated.
Volatility
| State | In a squeeze |
|---|---|
| Current band width | 10.2% of price |
| Recent tightest | 10.2% (0 sessions ago, narrower than 91.0% of its history) |
| Expansion since | 1.00× |
| Band | 85.62 — 94.86 |
Takeaway Lately this share price has been swinging around inside a range roughly 10% wide, and it recently went unusually quiet — calmer than it has been 91% of the time. When a stock goes quiet like this, its next move tends to look big by comparison. But quiet says nothing about which way it will go: Brown Bear tested calm-before-a-move as a reason to buy, and it did not work.
Historical trends
History begins when the site started recording, not when the company listed, so a short line means a short record and nothing more.
Who's Tradingthe flow behind the priceTop ↑
Insider activity
| Activity | No filings in the window |
|---|---|
| Buy filings | 0 |
| Sell filings | 0 |
Open-market Form 4 purchases and sales over the last 75 days, read from SEC EDGAR Form 4. Grants, option exercises, gifts and shares withheld for tax are excluded — they are compensation mechanics, not a decision to buy or sell. Reported Form 4 activity. Brown Bear tested insider cluster-buying as a return signal and rejected it as era-unstable; shown as fact, not signal.
Volume confirmation
| Volume-price trend | Above its signal line |
|---|---|
| Confirmation | Marginal |
| Event | Absorption (3 session(s) ago) |
|---|---|
| Volume percentile | 97% |
| Range percentile | 34% |
| Close within the bar | 95% of range |
| Event level | 85.37 (held) |
Takeaway Slightly more shares change hands on rising days than on falling ones, but the gap is too small to read anything into. There was also a day 3 session(s) ago when a great many shares changed hands and the price barely moved — buyers took everything that was offered without the price falling, and it has held since.
Options Positioning
No binary-event flag
IBKR: no binary-event flag. Near IV 39%, far IV 40% (ratio 0.97), implied move 4.9%.
| Implied volatility | 39% near (9d) · 40% far (128d) |
|---|---|
| Term structure | 0.97× near/far |
| Historical volatility | 42% |
| Implied vs historical | 0.91× |
| Implied move | ±4.9% by 2026-08-21 |
| Implied move vs ATR | 0.47× |
| Skew | Flat (1.01×) |
| Call wall | 95.00 (+3.6% away) |
| Put wall | 85.00 (-7.3% away) |
| Gamma pin | 90.00 |
Takeaway Insuring against a move in this stock costs less for the next few weeks than for the next few months, which is the normal state of affairs and suggests no particular date is worrying anyone. Options traders are positioned for a move of around 4.9% in either direction by 2026-08-21.
Chain as at 2026-08-12. This is a risk read on whether a specific event is being priced — not a directional view.
Context & Methodthe record, and how it was builtTop ↑
Relative Rotation
Early Stock Rotation
Rotation health 56.1/100; Mixed Rotation.
| Rotation health | 56.1 |
|---|---|
| Rotation strength | 73.5 |
| Leg | Quadrant | RS-Ratio | RS-Mom |
|---|---|---|---|
| Stock vs sector | Improving | 91.3 | 111.1 |
| Stock vs SPY | Improving | 86.5 | 120.2 |
| Sector vs SPY | Lagging | 76.4 | 91.0 |
Direction of travel: North-East / strengthening leadership
Position only. Brown Bear's RRG redesign programme is closed — five constructions, none beat an appropriate null — so this section describes where the name sits, and is not a signal.
News Headlines
- Loading headlines\u2026
Headlines are supplied by third-party feeds and are not written, ranked or interpreted by Brown Bear. They feed no score on this page.
Detailed Scoring
Positive signals
- Piotroski F-score 4/9 (+5.0)
- Insider conviction score (+9.0)
- Gross margin quality: 93.0% (+22.0)
- ROIC quality: 19.6% (+12.5)
- FCF margin quality: 154.7% (+20.0)
- Gross margin improving by 4.0 pts (+2.0)
- FCF margin improving by 61.0 pts (+5.0)
- High earnings quality (accrual ratio -0.073) (+5.0)
- Accrual ratio improving (-0.05 -> -0.07) (+5.0)
- Track 1: MACD histogram state (0.06) (+3.0)
- Track 1: relative strength trend improving (+5.0)
- Track 1: bullish DI spread 4.0 (+1.0)
- Track 1: relative momentum rank 0.76 (+3.4)
- Track 1: Bullish MACD divergence (+12.0)
- Track 1: EMA20 reclaim distance 1.7% (+6.7)
- Track 1: MACD histogram acceleration 0.68 (+7.0)
- Track 1: MACD line/signal repair quality (+10.0)
- Track 1: MACD slope improving (+1.0)
- Track 1: RSI recovery 49.8, 5-day change +7.4 (+5.9)
- Track 1: VPT strength 0.03 (+0.7)
- Track 1: price above EMA50 by 2.6% (+1.6)
- Track 1: EMA50 support proximity 2.6% (+2.8)
- Track 1: constructive pullback zone (+15.0)
- Track 1: Bollinger position 0.65 (+2.8)
Negative signals
- Track 1: weak volume confirmation (0.59x average)
- Track 1: negative 20-day momentum acceleration (-0.11)
- Track 1: weak/falling ADX (17.1, flat)
- Track 1: EMA20 slope deteriorating -0.5%
- Track 1: EMA50 slope deteriorating -0.2%
- Below-average Altman Z-score (2.44)
- ROIC improving by -4.2 pts (+-5.0)
Chase risk is not elevated for this name, so extension penalties are omitted from the negative signals above.