Broadridge Financial Solutions (BR)
Market Price (2/6/2026): $193.49 | Market Cap: $22.6 BilSector: Industrials | Industry: Data Processing & Outsourced Services
Broadridge Financial Solutions (BR)
Market Price (2/6/2026): $193.49Market Cap: $22.6 BilSector: IndustrialsIndustry: Data Processing & Outsourced Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.6%, FCF Yield is 5.8% | Weak multi-year price returns2Y Excs Rtn is -39%, 3Y Excs Rtn is -31% | Key risksBR key risks include [1] high client concentration, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18% | ||
| Low stock price volatilityVol 12M is 23% | ||
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, Crypto & Blockchain, and Automation & Robotics. Themes include Wealth Management Technology, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.6%, FCF Yield is 5.8% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 20%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 18% |
| Low stock price volatilityVol 12M is 23% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, Crypto & Blockchain, and Automation & Robotics. Themes include Wealth Management Technology, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -39%, 3Y Excs Rtn is -31% |
| Key risksBR key risks include [1] high client concentration, Show more. |
Qualitative Assessment
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Broadridge Financial Solutions (BR) stock has lost about 10% since 10/31/2025 because of the following key factors:
1. Margin Compression and Operating Income Decline: Broadridge Financial Solutions experienced a decrease in operating income and a contraction in both GAAP and adjusted operating margins during the second quarter of fiscal year 2026. This decline was primarily driven by higher distribution costs, increased postage rates, and a reduction in event-driven revenue within its Investor Communication Solutions (ICS) segment.
2. Modest Adjusted EPS Growth: While the company reported a significant increase in diluted earnings per share (EPS) for Q2 FY26, largely attributed to non-operating gains from digital asset holdings, the adjusted EPS growth was a more modest 2%. This indicated that core operational profitability growth was not as strong as the headline numbers suggested to investors.
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1. Margin Compression and Operating Income Decline: Broadridge Financial Solutions experienced a decrease in operating income and a contraction in both GAAP and adjusted operating margins during the second quarter of fiscal year 2026. This decline was primarily driven by higher distribution costs, increased postage rates, and a reduction in event-driven revenue within its Investor Communication Solutions (ICS) segment.
2. Modest Adjusted EPS Growth: While the company reported a significant increase in diluted earnings per share (EPS) for Q2 FY26, largely attributed to non-operating gains from digital asset holdings, the adjusted EPS growth was a more modest 2%. This indicated that core operational profitability growth was not as strong as the headline numbers suggested to investors.
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Stock Movement Drivers
Fundamental Drivers
The -11.8% change in BR stock from 10/31/2025 to 2/5/2026 was primarily driven by a -30.8% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 219.47 | 193.54 | -11.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,889 | 7,180 | 4.2% |
| Net Income Margin (%) | 12.2% | 14.9% | 22.0% |
| P/E Multiple | 30.6 | 21.2 | -30.8% |
| Shares Outstanding (Mil) | 117 | 117 | 0.3% |
| Cumulative Contribution | -11.8% |
Market Drivers
10/31/2025 to 2/5/2026| Return | Correlation | |
|---|---|---|
| BR | -11.8% | |
| Market (SPY) | -0.7% | 21.2% |
| Sector (XLI) | 8.6% | 8.2% |
Fundamental Drivers
The -21.2% change in BR stock from 7/31/2025 to 2/5/2026 was primarily driven by a -42.0% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 245.51 | 193.54 | -21.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,768 | 7,180 | 6.1% |
| Net Income Margin (%) | 11.7% | 14.9% | 27.6% |
| P/E Multiple | 36.5 | 21.2 | -42.0% |
| Shares Outstanding (Mil) | 117 | 117 | 0.3% |
| Cumulative Contribution | -21.2% |
Market Drivers
7/31/2025 to 2/5/2026| Return | Correlation | |
|---|---|---|
| BR | -21.2% | |
| Market (SPY) | 7.5% | 18.4% |
| Sector (XLI) | 11.2% | 17.2% |
Fundamental Drivers
The -17.5% change in BR stock from 1/31/2025 to 2/5/2026 was primarily driven by a -41.5% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 234.51 | 193.54 | -17.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6,683 | 7,180 | 7.4% |
| Net Income Margin (%) | 11.4% | 14.9% | 30.9% |
| P/E Multiple | 36.2 | 21.2 | -41.5% |
| Shares Outstanding (Mil) | 117 | 117 | 0.3% |
| Cumulative Contribution | -17.5% |
Market Drivers
1/31/2025 to 2/5/2026| Return | Correlation | |
|---|---|---|
| BR | -17.5% | |
| Market (SPY) | 13.6% | 49.4% |
| Sector (XLI) | 22.9% | 49.4% |
Fundamental Drivers
The 35.3% change in BR stock from 1/31/2023 to 2/5/2026 was primarily driven by a 65.0% change in the company's Net Income Margin (%).| (LTM values as of) | 1312023 | 2052026 | Change |
|---|---|---|---|
| Stock Price ($) | 143.03 | 193.54 | 35.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,800 | 7,180 | 23.8% |
| Net Income Margin (%) | 9.0% | 14.9% | 65.0% |
| P/E Multiple | 32.2 | 21.2 | -34.2% |
| Shares Outstanding (Mil) | 118 | 117 | 0.6% |
| Cumulative Contribution | 35.3% |
Market Drivers
1/31/2023 to 2/5/2026| Return | Correlation | |
|---|---|---|
| BR | 35.3% | |
| Market (SPY) | 72.9% | 48.2% |
| Sector (XLI) | 72.5% | 51.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BR Return | 21% | -25% | 56% | 12% | 0% | -15% | 35% |
| Peers Return | 42% | -22% | 25% | 24% | -26% | -14% | 9% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 1% | 83% |
Monthly Win Rates [3] | |||||||
| BR Win Rate | 67% | 42% | 67% | 42% | 67% | 0% | |
| Peers Win Rate | 62% | 45% | 60% | 55% | 48% | 10% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BR Max Drawdown | -9% | -26% | -1% | -7% | -4% | -17% | |
| Peers Max Drawdown | -14% | -36% | -9% | -6% | -37% | -16% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SSNC, FISV, FIS, DFIN, FDS. See BR Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/5/2026 (YTD)
How Low Can It Go
| Event | BR | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -27.7% | -25.4% |
| % Gain to Breakeven | 38.3% | 34.1% |
| Time to Breakeven | 437 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -36.4% | -33.9% |
| % Gain to Breakeven | 57.3% | 51.3% |
| Time to Breakeven | 126 days | 148 days |
| 2018 Correction | ||
| % Loss | -33.4% | -19.8% |
| % Gain to Breakeven | 50.0% | 24.7% |
| Time to Breakeven | 596 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -59.4% | -56.8% |
| % Gain to Breakeven | 146.4% | 131.3% |
| Time to Breakeven | 529 days | 1,480 days |
Compare to SSNC, FISV, FIS, DFIN, FDS
In The Past
Broadridge Financial Solutions's stock fell -27.7% during the 2022 Inflation Shock from a high on 12/27/2021. A -27.7% loss requires a 38.3% gain to breakeven.
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About Broadridge Financial Solutions (BR)
Broadridge Financial Solutions, Inc. provides investor communications and technology-driven solutions for the financial services industry worldwide. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and offers ProxyEdge, an electronic proxy delivery and voting solution. It also distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions; and provides content management, composition, and omni-channel distribution of regulatory, marketing, and transactional information, as well as mutual fund trade processing services. This segment offers data and analytics solutions; solutions for public corporations and mutual funds; financial reporting document composition and management solutions; SEC disclosure and filing services; registrar, stock transfer, and record-keeping services; and omni-channel customer communications solutions, as well as operates Broadridge Communications Cloud platform that creates, delivers, and manages communications and customer engagement activities. The company's Global Technology and Operations segment offers desktop productivity tools, data aggregation, performance reporting, portfolio management, order capture and execution, trade confirmation, margin, cash management, clearance and settlement, asset servicing, reference data management, reconciliations, securities financing and collateral optimization, compliance and regulatory reporting, and portfolio accounting and custody-related services. It also provides business process outsourcing services; technology solutions, such as portfolio management, compliance, and operational workflow solutions; and capital market and wealth management solutions. The company was founded in 1962 and is headquartered in Lake Success, New York.
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The ADP for financial services and investor communications.
The Experian of investor communications and financial back-office processing.
The FedEx or UPS for critical shareholder communications and proxy voting.
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- Investor Communications Solutions: Facilitates the distribution of proxy materials, regulatory documents, and corporate actions information to investors, ensuring regulatory compliance for companies.
- Capital Markets Post-Trade Processing: Provides technology platforms for the clearance, settlement, and reconciliation of equities, fixed income, and derivatives transactions globally.
- Wealth Management Platforms: Offers integrated solutions supporting wealth advisors and firms with client onboarding, performance reporting, and trade order management.
- Asset Management Operations: Delivers technology and services to streamline portfolio management, data aggregation, compliance, and regulatory reporting for asset managers.
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Broadridge Financial Solutions (BR) primarily sells its services to other companies within the financial services industry. Given the nature of its business as a critical infrastructure and communications provider, Broadridge serves a vast number of financial institutions globally. While the company does not publicly disclose the names of its specific customers due to client confidentiality, it states that it serves a significant majority of the largest firms across various segments of the financial market.
Based on Broadridge's described operations and market dominance, its major customer categories and prominent examples of public companies that are highly likely to leverage Broadridge's solutions include:
-
Broker-Dealers: Firms that facilitate the buying and selling of securities for clients, requiring extensive investor communications, trade processing, and regulatory compliance.
- Morgan Stanley (MS)
- Goldman Sachs Group, Inc. (GS)
- The Charles Schwab Corporation (SCHW)
- Bank of America Corporation (BAC) - for its Merrill brokerage arm
-
Asset & Wealth Managers: Institutions managing investment portfolios for individuals and institutions, needing support for fund processing, data analytics, and client reporting.
- BlackRock, Inc. (BLK)
- T. Rowe Price Group, Inc. (TROW)
- State Street Corporation (STT) - for its asset management and custody divisions
-
Banks (especially Investment Banks and Custodian Banks): Large financial institutions offering a range of services from capital markets to custody, utilizing Broadridge for trading, settlement, and investor communication infrastructure.
- JPMorgan Chase & Co. (JPM)
- Citigroup Inc. (C)
- Wells Fargo & Company (WFC)
-
Corporate Issuers: Publicly traded companies that need to manage shareholder communications, proxy solicitations, and annual meeting processes.
- Apple Inc. (AAPL)
- Microsoft Corporation (MSFT)
- Amazon.com, Inc. (AMZN)
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Timothy C. Gokey, Chief Executive Officer
Tim Gokey was appointed Chief Executive Officer of Broadridge in January 2019 and was elected to the Broadridge Board of Directors in the same year. Prior to this role, he served as President of Broadridge from 2017 to 2020 and as Chief Operating Officer from 2012 to 2019. He joined Broadridge in 2010 as Chief Corporate Development Officer, where he was responsible for the company's growth initiatives. Before joining Broadridge, Mr. Gokey was the President of the Retail Tax business at H&R Block. He also spent 13 years at McKinsey & Company. Mr. Gokey currently serves on the Board of C.H. Robinson Worldwide, Inc.
Ashima Ghei, Chief Financial Officer
Ashima Ghei was appointed Chief Financial Officer of Broadridge, effective immediately, in December 2024, after serving as Interim CFO since July 1, 2024. She joined Broadridge in January 2022 as CFO of Broadridge's Investor Communications business ("ICS"). Before joining Broadridge, Ms. Ghei had an 18-year career at American Express, where her most recent role was Head of Merchant Pricing for the Americas.
Chris Perry, President
Chris Perry has served as President of Broadridge since 2020. He joined Broadridge in 2014 and is responsible for client relationships and the company's go-to-market strategy.
Thomas Carey, Corporate Vice President, President of Global Technology and Operations
Tom Carey assumed responsibility for all aspects of the Global Technology and Operations business segment in 2018. He joined a predecessor company in 1992 in Technology and has held various leadership roles across Broadridge, including serving as President of Broadridge International.
Doug DeSchutter, President, Investor Communication Solutions
Doug DeSchutter has been with Broadridge and its predecessors since 2002. He was instrumental in creating and leading Broadridge's Customer Communications business. In 2023, he became Co-President of Broadridge's Investor Communication Solutions segment ("ICS"), and in July 2025, he was named President, Investor Communication Solutions.
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The key risks to Broadridge Financial Solutions (BR) include client concentration, cybersecurity threats, and the need for continuous technological advancement within a competitive landscape.
- Client Concentration Risk: A significant portion of Broadridge's revenue is derived from a limited number of clients. Its top 20 clients account for approximately 60% of its total revenue, creating vulnerability to industry downturns or the potential deterioration of these key client relationships.
- Cybersecurity Risks: As a major provider of technology-driven solutions that process sensitive financial data, Broadridge is highly susceptible to cybersecurity threats. These include data breaches and ransomware attacks, which could lead to severe reputational damage, loss of client trust, and significant financial liabilities.
- Competitive Landscape and Technological Advancement: Broadridge operates in a dynamic and highly competitive financial technology (fintech) sector. To maintain its market leadership and profitability, the company must continually innovate and upgrade its offerings to differentiate itself from numerous competitors and keep pace with rapid technological changes, such as advancements in AI and blockchain. Failure to do so could impact its competitive position and financial performance.
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Broadridge Financial Solutions (BR) operates within several significant addressable markets for its financial technology and operations, and investor communication solutions.
The estimated addressable market sizes for Broadridge's main products and services are as follows:
- Investor Communications Platforms: The global market size for Investor Communications Platforms was valued at approximately $4.1 billion in 2024 and is projected to reach $10.1 billion by 2033.
- Proxy Voting Platforms: The global Proxy Voting Platforms market was valued at an estimated $1.02 billion in 2024, with a forecast to reach $2.67 billion by 2033.
- Regulatory Reporting-as-a-Service: The global Regulatory Reporting-as-a-Service market was valued at $7 billion in 2024 and is projected to reach $15 billion by 2037.
- Wealth Management Software: The global wealth management software market size was estimated at $5.5 billion in 2024 and is projected to reach $12.07 billion by 2030. North America held the largest share of this market in 2024.
- Capital Markets Technology Solutions: The global capital markets technology solutions market was valued at $126.52 billion in 2024 and is projected to grow to $223.35 billion by 2032. North America accounted for approximately 42% of this global market in 2024.
- Asset Management Systems: The global Asset Management System market was valued at $16.97 billion in 2024 and is projected to grow to $26.41 billion by 2030.
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Broadridge Financial Solutions (BR) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Modernization of Wealth Management: Broadridge is focusing on modernizing wealth management through solutions like Wealth InFocus/omni-channel communications and expanding its presence in markets such as Canada, partly through strategic acquisitions like SIS. The acquisition of SIS has been highlighted as a crucial factor in the significant surge in Wealth and Investment Management revenues. This strategic focus aims to enhance its offerings and client onboarding in the wealth management sector.
- Digital Assets and Tokenization: The company views digital assets and tokenization as emerging growth drivers and "megatrends" for the next decade. Broadridge has already recognized new revenue streams from its work as a Super Validator on the Canton Network, indicating its active participation and investment in this evolving space.
- Simplification and Innovation in Capital Markets: Broadridge is committed to simplifying and innovating capital markets, including initiatives like Distributed Ledger Repo. Growth in this segment is driven by new sales, higher trading volumes, and advancements in tokenization efforts.
- Democratization and Digitization of Governance and Investor Communication Solutions (ICS): Growth in recurring revenue within ICS is fueled by regulatory solutions, data-driven fund solutions, issuer solutions, and customer communications. This also includes capitalizing on continued growth in equity and fund investments by mainstream investors and enhancing digital communications.
- Strong Closed Sales and Growing Pipeline: Broadridge consistently reports robust closed sales and maintains a strong sales pipeline, which directly contributes to future recurring revenue growth. The company has provided guidance for substantial closed sales, underscoring the ongoing demand for its solutions and its ability to secure new business.
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Share Repurchases
- In fiscal year 2025, Broadridge repurchased $100 million of its shares.
- The company repurchased $450 million of its shares in fiscal year 2024.
- Share buybacks were $24.3 million in fiscal year 2023 and $22.8 million in fiscal year 2022.
Outbound Investments
- In fiscal year 2025, Broadridge invested in strategic mergers and acquisitions to strengthen its wealth business in Canada.
- In July 2025, Broadridge announced the proposed acquisition of Acolin Group Holdco Limited, a European provider of cross-border fund distribution and regulatory services, to create a pan-European fund distribution network.
- The company completed three tuck-in acquisitions in fiscal year 2024.
Capital Expenditures
- Broadridge's annual capital expenditures were $75.2 million in 2023, $73.1 million in 2022, and $100.7 million in 2021.
- Capital expenditures are primarily focused on maintaining existing and expanding to new property, plant, and equipment.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 66.71 |
| Mkt Cap | 20.4 |
| Rev LTM | 6,664 |
| Op Inc LTM | 1,332 |
| FCF LTM | 1,308 |
| FCF 3Y Avg | 923 |
| CFO LTM | 1,508 |
| CFO 3Y Avg | 1,262 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.5% |
| Rev Chg 3Y Avg | 6.5% |
| Rev Chg Q | 6.3% |
| QoQ Delta Rev Chg LTM | 1.6% |
| Op Mgn LTM | 21.1% |
| Op Mgn 3Y Avg | 20.2% |
| QoQ Delta Op Mgn LTM | -0.4% |
| CFO/Rev LTM | 25.5% |
| CFO/Rev 3Y Avg | 21.8% |
| FCF/Rev LTM | 19.7% |
| FCF/Rev 3Y Avg | 17.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 20.4 |
| P/S | 2.8 |
| P/EBIT | 14.0 |
| P/E | 21.3 |
| P/CFO | 10.2 |
| Total Yield | 6.3% |
| Dividend Yield | 1.6% |
| FCF Yield 3Y Avg | 5.1% |
| D/E | 0.3 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -15.2% |
| 3M Rtn | -10.7% |
| 6M Rtn | -26.7% |
| 12M Rtn | -34.2% |
| 3Y Rtn | -13.7% |
| 1M Excs Rtn | -13.1% |
| 3M Excs Rtn | -12.9% |
| 6M Excs Rtn | -33.8% |
| 12M Excs Rtn | -45.5% |
| 3Y Excs Rtn | -78.2% |
Comparison Analyses
Price Behavior
Price Behavior
| Market Price | $193.54 | |
| Market Cap ($ Bil) | 22.6 | |
| First Trading Date | 02/23/2007 | |
| Distance from 52W High | -26.9% | |
| 50 Days | 200 Days | |
| DMA Price | $219.32 | $233.89 |
| DMA Trend | down | down |
| Distance from DMA | -11.8% | -17.3% |
| 3M | 1YR | |
| Volatility | 22.8% | 23.2% |
| Downside Capture | 114.83 | 68.79 |
| Upside Capture | 41.54 | 39.35 |
| Correlation (SPY) | 29.6% | 50.1% |
BR Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.28 | 0.97 | 0.39 | 0.33 | 0.59 | 0.64 |
| Up Beta | 0.59 | -0.33 | -0.23 | 0.51 | 0.64 | 0.63 |
| Down Beta | 1.92 | 1.14 | 0.17 | 0.18 | 0.59 | 0.65 |
| Up Capture | -51% | 26% | 27% | -2% | 28% | 33% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 6 | 15 | 28 | 53 | 121 | 389 |
| Down Capture | 256% | 196% | 100% | 76% | 76% | 86% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 14 | 26 | 33 | 72 | 130 | 361 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BR | |
|---|---|---|---|---|
| BR | -18.3% | 23.1% | -0.94 | - |
| Sector ETF (XLI) | 24.2% | 19.0% | 1.01 | 49.6% |
| Equity (SPY) | 13.6% | 19.3% | 0.54 | 49.4% |
| Gold (GLD) | 69.7% | 24.7% | 2.11 | -5.9% |
| Commodities (DBC) | 7.1% | 16.6% | 0.24 | 0.3% |
| Real Estate (VNQ) | 4.4% | 16.5% | 0.09 | 53.1% |
| Bitcoin (BTCUSD) | -26.6% | 40.5% | -0.66 | 19.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BR | |
|---|---|---|---|---|
| BR | 8.3% | 22.5% | 0.32 | - |
| Sector ETF (XLI) | 16.4% | 17.1% | 0.77 | 58.3% |
| Equity (SPY) | 14.4% | 17.0% | 0.67 | 60.6% |
| Gold (GLD) | 20.8% | 16.9% | 1.01 | 6.2% |
| Commodities (DBC) | 11.7% | 18.9% | 0.50 | 7.1% |
| Real Estate (VNQ) | 5.2% | 18.8% | 0.18 | 57.5% |
| Bitcoin (BTCUSD) | 16.0% | 57.4% | 0.49 | 22.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BR | |
|---|---|---|---|---|
| BR | 15.9% | 23.3% | 0.63 | - |
| Sector ETF (XLI) | 15.2% | 19.8% | 0.68 | 59.7% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 64.2% |
| Gold (GLD) | 15.4% | 15.5% | 0.83 | 2.7% |
| Commodities (DBC) | 7.9% | 17.6% | 0.37 | 15.9% |
| Real Estate (VNQ) | 6.0% | 20.7% | 0.26 | 53.4% |
| Bitcoin (BTCUSD) | 69.0% | 66.5% | 1.08 | 13.0% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 2/3/2026 | -6.2% | ||
| 11/4/2025 | 0.8% | 0.9% | 4.4% |
| 8/5/2025 | 6.8% | 6.0% | 0.5% |
| 5/1/2025 | -5.9% | -2.6% | 0.2% |
| 1/31/2025 | -0.4% | 0.4% | 2.4% |
| 11/5/2024 | 4.1% | 7.9% | 11.1% |
| 8/6/2024 | 4.8% | 1.3% | 1.6% |
| 5/8/2024 | -5.4% | -0.7% | -1.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 13 | 14 |
| # Negative | 11 | 11 | 10 |
| Median Positive | 4.1% | 4.3% | 2.2% |
| Median Negative | -5.0% | -2.9% | -2.3% |
| Max Positive | 7.9% | 10.0% | 14.6% |
| Max Negative | -8.0% | -8.8% | -17.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/03/2026 | 10-Q |
| 09/30/2025 | 11/04/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-K |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 01/31/2025 | 10-Q |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-K |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/01/2024 | 10-Q |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-K |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 02/02/2023 | 10-Q |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/12/2022 | 10-K |
| 03/31/2022 | 05/03/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Carey, Thomas P | Corporate VP | Direct | Sell | 12042025 | 229.26 | 10,214 | 2,341,618 | 1,381,495 | Form |
| 2 | Perry, Christopher John | President | Direct | Sell | 11182025 | 226.00 | 3,984 | 900,384 | 10,131,246 | Form |
| 3 | Gokey, Timothy C | CEO | Direct | Sell | 8262025 | 258.37 | 5,674 | 1,466,010 | 37,021,025 | Form |
| 4 | Gokey, Timothy C | CEO | Direct | Sell | 8182025 | 260.87 | 5,675 | 1,480,428 | 38,858,688 | Form |
| 5 | Gokey, Timothy C | CEO | Direct | Sell | 8152025 | 262.46 | 39,251 | 10,301,629 | 39,466,445 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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