Q: In a recent response to another member you mentioned "IBKR is almost twice the size of HOOD ($99B vs. $56B market cap, respectively)".
I ended up looking into IBKR and HOOD a bit more and discovered this about IBKR:
Depending on the data platform, some list the IBKR market cap as ~$25B and others list it as ~$99B. This has to do with whether you consider both public and private shareholders counts when calculating market cap.
I learned that GAAP handles this where the non controlling interests are removed from the income statement ("less net income attributable to non-controlling interests" which was $2.652B for 2024 leaving $765B Net Income) to leave only the net income attributable to IBKR public share holders. The bigger chunk goes to IBG Holdings controlled solely by Thomas Peterffy.
Based on this I believe IBKR is half the size of HOOD, at least the portion that common shareholders attribute earnings too.
How do you think about companies structured like this?
I ended up looking into IBKR and HOOD a bit more and discovered this about IBKR:
Depending on the data platform, some list the IBKR market cap as ~$25B and others list it as ~$99B. This has to do with whether you consider both public and private shareholders counts when calculating market cap.
I learned that GAAP handles this where the non controlling interests are removed from the income statement ("less net income attributable to non-controlling interests" which was $2.652B for 2024 leaving $765B Net Income) to leave only the net income attributable to IBKR public share holders. The bigger chunk goes to IBG Holdings controlled solely by Thomas Peterffy.
Based on this I believe IBKR is half the size of HOOD, at least the portion that common shareholders attribute earnings too.
How do you think about companies structured like this?
Q: For a buy today, which one, or both and why?
Thanks Again
Thanks Again
Q: Good Morning,
Please comment on Robinhood's latest earnings.
Thank you.
Please comment on Robinhood's latest earnings.
Thank you.