The Charles Schwab Corporation
Security Brokers, Dealers & Flotation Companies
Charles Schwab is one of the largest retail-oriented financial-services companies in the US, with $11.9 trillion in client assets across its brokerage, banking, asset management, custody, financial advisory, and wealth management businesses at the end of 2025.
It is a $168B financial services company. Revenue grew 20.3% over the last year, and it keeps 39¢ of every dollar of sales as profit. It trades at 16.6× earnings — in the cheapest third of its own history.
- Website
- aboutschwab.com
- Location
- Westlake, TX
- Employees
- 33 700
- Sector
- Financial Services
- Founded
- 1971
- Next earnings
- Oct 15, 2026 · in 3d
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong profitability and quality.
Valuation62
- P/E vs own history15th pct · 25/25
- FCF yield6.4% · 20/25
- P/S5.6x · 12/25
- EV/EBITDA28.7x · 5/25
Growth72
- Revenue CAGR6.6% · 12/25
- Net income CAGR10.9% · 20/25
- EPS CAGR ~5Y16.3% · 20/25
- Fwd implied growth23.5% · 20/25
Profitability95
- ROIC34.6% · 25/25
- ROE20.4% · 20/25
- Net margin38.8% · 25/25
- Operating margin44.0% · 25/25
Health53
- Altman Z0.42 · 3/25
- Current ratio0.40 · 0/25
- Interest coverage17.2x · 25/25
- Net cash / debtNet cash · 25/25
Quality87
- Piotroski F7/9 · 22/25
- Beneish M-2.32 · 20/25
- FCF conversion107% · 25/25
- Margin stabilityσ 5.6% · 20/25
Moat70
- ROIC >12% years6/8 yrs · 20/25
- Median gross marginn/a · 0/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 25.3% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialBest year on record$8.85B net income
- Jul 1, 2020AcquisitionThe company acquired Wasmer, Schroeder & Company, an independent investment manager of fixed income…
- 2020IPOThe company began allowing investors to purchase fractional shares of companies listed on the S&P 500…
- FY2018FinancialRevenue crossed $10B$10.1B for the year
- FY2018FinancialBecame debt-freecash now exceeds total debt
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $1B$7.48B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- 2000MilestoneThe unit was renamed Schwab Capital Markets in 2000
- 1991AcquisitionThe company acquired Mayer & Schweitzer, a market making firm, allowing Schwab to execute its customers'…
- 1984ProductThe company launched 140 no-load mutual funds
- 1983AcquisitionThe first to offer round-clock order entry and quotation, it was purchased by Bank of America in 1983 for $55 million
- 1982ProductSchwab became the first to offer 24/7 order entry and quote service, its first international office was…
- 1972AcquisitionIn November of that year, Schwab and four others purchased all the stock from Commander Industries, Inc
- 1971FoundedThe firm was incorporated in California as First Commander Corporation, a wholly owned subsidiary of…
- 1971MilestoneFounded as First Commander Corporation in 1971 and renamed to Charles Schwab & Co
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (87.8%)
- Strongly profitable — 38.8% net margin
- Revenue growing 20.3% year over year
- Strong cash conversion — FCF is 41.5% of revenue
- Net cash position after subtracting debt from cash
Watch-outs
- Altman Z-Score 0.42 — elevated financial-distress risk
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+20.3% YoY
- Profitable — makes more than it spends$10.1B TTM
- Profit growing — earnings are higher than last year+10.1% YoY
- Generates cash — cash left after running and investing$10.8B TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$168B market cap
- Not printing shares — share count not ballooning — you keep your slice+26.1% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 0.4 — distress
- Pays a dividend — returns cash to shareholdersyield 1.44%
- Valuation not extreme — price not wildly above earningsP/E 16.6
Peer comparisonThe Charles Schwab Corporation vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| SCHW this company | $167.5B | 16.6 | +20.3% | 38.8% | Mixed |
| BRK.A Berkshire Hathaway Inc. | $1.1T | 11.6 | +3.9% | 22.3% | Mixed |
| BRK.B Berkshire Hathaway | $1.1T | 11.6 | +0.0% | 18.0% | Strong |
| JPM JPMorgan Chase & Co. | $886.2B | 13.6 | +13.5% | 32.6% | Strained |
| V VISA Inc. | $723.9B | 31.9 | +14.4% | 50.8% | Solid |
| MA Mastercard Incorporated | $516.4B | 31.7 | +16.0% | 46.3% | Mixed |
| BAC Bank of America Corporation | $380.4B | 11.3 | +15.9% | 27.8% | Mixed |
Head-to-head: SCHW vs BRK.A · SCHW vs BRK.B · SCHW vs JPM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/SCHW
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of SCHW on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $96.87 · market cap $168B.