ITG (ITG)
Market Price (9/21/2026): $12.4 | Market Cap: $600.7 MilSector: Industrials | Industry: Construction & Engineering
ITG (ITG)
Market Price (9/21/2026): $12.4Market Cap: $600.7 MilSector: IndustrialsIndustry: Construction & Engineering
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Wealth Management Technology, and Algorithmic Trading. | Weak multi-year price returns2Y Excs Rtn is -94%, 3Y Excs Rtn is -129% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 142% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.8%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.4% |
| Megatrend and thematic driversMegatrends include Fintech & Digital Payments, and AI in Financial Services. Themes include Wealth Management Technology, and Algorithmic Trading. |
| Weak multi-year price returns2Y Excs Rtn is -94%, 3Y Excs Rtn is -129% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 142% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -2.8%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.4% |
Qualitative Assessment
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Updated on 9/10/2026
ITG (ITG) stock has lost about 60% since 5/31/2026 because of the following key factors:
1. Initial Public Offering (IPO) Underperformance and Volatility.
ITG's IPO was priced at $16.00 per share on July 1, 2026, falling below its initial marketed range of $19.00 to $22.00. The stock experienced an immediate decline, dropping 4.98% on July 2, 2026, after trading began. Subsequently, it reached a 52-week low of $10.37 by July 17, 2026, and as of August 31, 2026, traded around $12.18 to $12.30, representing approximately a 23.75% decrease from its IPO price. This post-IPO volatility and failure to maintain initial value significantly contributed to the stock's overall depreciation.
2. Significant Decline in Profitability Despite Revenue Growth.
For fiscal Q2 2026, which ended on June 30, 2026, ITG reported a net income of $1.8 million, an 84.6% decrease from $11.6 million in fiscal Q2 2025. This resulted in a net loss of $11.37 million for the first six months of fiscal 2026, a stark reversal from a net income of $13.18 million in the corresponding prior year period. This occurred despite revenue increasing by 38% year-over-year to $404.6 million. The company also missed analysts' consensus earnings per share (EPS) estimates for fiscal Q2 2026, reporting $0.01 compared to a consensus of $0.12.
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ITG (ITG) stock has lost about 60% since 5/31/2026 because of the following key factors:
1. Initial Public Offering (IPO) Underperformance and Volatility.
ITG's IPO was priced at $16.00 per share on July 1, 2026, falling below its initial marketed range of $19.00 to $22.00. The stock experienced an immediate decline, dropping 4.98% on July 2, 2026, after trading began. Subsequently, it reached a 52-week low of $10.37 by July 17, 2026, and as of August 31, 2026, traded around $12.18 to $12.30, representing approximately a 23.75% decrease from its IPO price. This post-IPO volatility and failure to maintain initial value significantly contributed to the stock's overall depreciation.
2. Significant Decline in Profitability Despite Revenue Growth.
For fiscal Q2 2026, which ended on June 30, 2026, ITG reported a net income of $1.8 million, an 84.6% decrease from $11.6 million in fiscal Q2 2025. This resulted in a net loss of $11.37 million for the first six months of fiscal 2026, a stark reversal from a net income of $13.18 million in the corresponding prior year period. This occurred despite revenue increasing by 38% year-over-year to $404.6 million. The company also missed analysts' consensus earnings per share (EPS) estimates for fiscal Q2 2026, reporting $0.01 compared to a consensus of $0.12.
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Updated on 9/10/2026
ITG (ITG) stock has lost about 60% since 5/31/2026 because of the following key factors:
1. Initial Public Offering (IPO) Underperformance and Volatility.
ITG's IPO was priced at $16.00 per share on July 1, 2026, falling below its initial marketed range of $19.00 to $22.00. The stock experienced an immediate decline, dropping 4.98% on July 2, 2026, after trading began. Subsequently, it reached a 52-week low of $10.37 by July 17, 2026, and as of August 31, 2026, traded around $12.18 to $12.30, representing approximately a 23.75% decrease from its IPO price. This post-IPO volatility and failure to maintain initial value significantly contributed to the stock's overall depreciation.
2. Significant Decline in Profitability Despite Revenue Growth.
For fiscal Q2 2026, which ended on June 30, 2026, ITG reported a net income of $1.8 million, an 84.6% decrease from $11.6 million in fiscal Q2 2025. This resulted in a net loss of $11.37 million for the first six months of fiscal 2026, a stark reversal from a net income of $13.18 million in the corresponding prior year period. This occurred despite revenue increasing by 38% year-over-year to $404.6 million. The company also missed analysts' consensus earnings per share (EPS) estimates for fiscal Q2 2026, reporting $0.01 compared to a consensus of $0.12.
3. Negative Operating Cash Flow and Eroding Margins.
ITG reported a negative operating cash flow of $47.0 million for the first six months of fiscal 2026, a substantial shift from a positive $11.7 million in the prior year period. Additionally, the Adjusted EBITDA margin declined to 12.9% in fiscal Q2 2026 from 14.7% in Q2 2025. This margin contraction was attributed to new business start-up costs and changes in revenue mix from recent acquisitions, likely raising investor concerns regarding the company's financial health and operational efficiency.
4. Customer Concentration Risk.
The IPO prospectus highlighted that two major customers, Comcast and Charter Communications, accounted for a substantial percentage of ITG's revenue. This high customer concentration can be perceived as a significant risk by investors, potentially amplifying concerns during periods of market uncertainty or operational challenges and contributing to a downward sentiment.
Show less
ITG (ITG) stock has lost about 60% since 5/31/2026 because of the following key factors:
1. Initial Public Offering (IPO) Underperformance and Volatility.
ITG's IPO was priced at $16.00 per share on July 1, 2026, falling below its initial marketed range of $19.00 to $22.00. The stock experienced an immediate decline, dropping 4.98% on July 2, 2026, after trading began. Subsequently, it reached a 52-week low of $10.37 by July 17, 2026, and as of August 31, 2026, traded around $12.18 to $12.30, representing approximately a 23.75% decrease from its IPO price. This post-IPO volatility and failure to maintain initial value significantly contributed to the stock's overall depreciation.
2. Significant Decline in Profitability Despite Revenue Growth.
For fiscal Q2 2026, which ended on June 30, 2026, ITG reported a net income of $1.8 million, an 84.6% decrease from $11.6 million in fiscal Q2 2025. This resulted in a net loss of $11.37 million for the first six months of fiscal 2026, a stark reversal from a net income of $13.18 million in the corresponding prior year period. This occurred despite revenue increasing by 38% year-over-year to $404.6 million. The company also missed analysts' consensus earnings per share (EPS) estimates for fiscal Q2 2026, reporting $0.01 compared to a consensus of $0.12.
3. Negative Operating Cash Flow and Eroding Margins.
ITG reported a negative operating cash flow of $47.0 million for the first six months of fiscal 2026, a substantial shift from a positive $11.7 million in the prior year period. Additionally, the Adjusted EBITDA margin declined to 12.9% in fiscal Q2 2026 from 14.7% in Q2 2025. This margin contraction was attributed to new business start-up costs and changes in revenue mix from recent acquisitions, likely raising investor concerns regarding the company's financial health and operational efficiency.
4. Customer Concentration Risk.
The IPO prospectus highlighted that two major customers, Comcast and Charter Communications, accounted for a substantial percentage of ITG's revenue. This high customer concentration can be perceived as a significant risk by investors, potentially amplifying concerns during periods of market uncertainty or operational challenges and contributing to a downward sentiment.
Show less
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
5/31/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| ITG | -58.2% | |
| Market (SPY) | 0.9% | 18.0% |
| Sector (XLI) | -2.0% | 18.4% |
Fundamental Drivers
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Market Drivers
2/28/2026 to 9/20/2026| Return | Correlation | |
|---|---|---|
| ITG | -58.2% | |
| Market (SPY) | 11.6% | 18.0% |
| Sector (XLI) | -3.9% | 18.4% |
Fundamental Drivers
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Market Drivers
8/31/2025 to 9/20/2026| Return | Correlation | |
|---|---|---|
| ITG | -58.2% | |
| Market (SPY) | 19.4% | 18.0% |
| Sector (XLI) | 12.8% | 18.4% |
Fundamental Drivers
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Market Drivers
8/31/2023 to 9/20/2026| Return | Correlation | |
|---|---|---|
| ITG | -58.2% | |
| Market (SPY) | 75.6% | 18.0% |
| Sector (XLI) | 63.4% | 18.4% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ITG Return | 0% | 0% | 0% | 0% | 0% | -59% | -59% |
| Peers Return | 55% | 15% | 43% | 61% | 52% | 28% | 694% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 103% |
Monthly Win Rates [3] | |||||||
| ITG Win Rate | 0% | 0% | 0% | 0% | 0% | 11% | |
| Peers Win Rate | 60% | 57% | 70% | 63% | 62% | 53% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 44% | |
Max Drawdowns [4] | |||||||
| ITG Max Drawdown | 0% | 0% | 0% | 0% | 0% | -65% | |
| Peers Max Drawdown | -25% | -27% | -25% | -16% | -36% | -31% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DY, FLR, GVA, PWR, FIX.
[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 9/18/2026 (YTD)
How Low Can It Go
| Event | ITG | S&P 500 |
|---|---|---|
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -23.1% | -12.2% |
| % Gain to Breakeven | 30.1% | 13.9% |
| Time to Breakeven | 49 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -24.9% | -6.8% |
| % Gain to Breakeven | 33.1% | 7.3% |
| Time to Breakeven | 49 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -21.4% | -17.9% |
| % Gain to Breakeven | 27.3% | 21.8% |
| Time to Breakeven | 24 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -16.3% | -15.4% |
| % Gain to Breakeven | 19.5% | 18.2% |
| Time to Breakeven | 180 days | 125 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -19.2% | -8.6% |
| % Gain to Breakeven | 23.8% | 9.5% |
| Time to Breakeven | 104 days | 47 days |
In The Past
ITG's stock fell 0.0% during the Q4 2018 Fed Policy Error / Growth Scare. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | ITG | S&P 500 |
|---|---|---|
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -23.1% | -12.2% |
| % Gain to Breakeven | 30.1% | 13.9% |
| Time to Breakeven | 49 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -24.9% | -6.8% |
| % Gain to Breakeven | 33.1% | 7.3% |
| Time to Breakeven | 49 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -21.4% | -17.9% |
| % Gain to Breakeven | 27.3% | 21.8% |
| Time to Breakeven | 24 days | 123 days |
In The Past
ITG's stock fell 0.0% during the Q4 2018 Fed Policy Error / Growth Scare. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About ITG (ITG)
Investment Technology Group (ITG) is an independent broker and financial technology company operating globally across the United States, Canada, Europe, and the Asia Pacific. ITG provides a suite of solutions primarily to asset managers and broker-dealers, focusing on enhancing trade execution services, optimizing workflow technology, and delivering comprehensive analytics. Essentially, ITG helps financial institutions manage their trading operations more efficiently and intelligently, covering aspects from pre-trade analysis to post-trade processing.
The company's offerings span the entire trading lifecycle. Key execution services include ITG Algorithms and ITG Smart Router for sophisticated equity trading, POSIT for anonymous equity crossing, and ITG Derivatives for futures and options. For workflow and order management, ITG provides Execution Management Systems (EMS) for multi-asset trading, Order Management Systems (OMS) like ITG Position Manager, and the ITG Net financial communications network. Analytics solutions, such as ITG Trading Analytics and ITG Portfolio Analytics, provide crucial insights for pre-trade decision-making, in-trade performance enhancement, and portfolio construction. Additional services encompass commission management, securities lending, and institutional broker-dealer services.
ITG's primary customers are asset managers and broker-dealers who require sophisticated tools to navigate complex financial markets. By integrating execution services, advanced technology for order and portfolio management, and robust data analytics, ITG empowers these clients to improve their investment performance, ensure compliance, and streamline operational processes. The company essentially acts as a technology and execution partner, helping financial professionals make informed decisions and execute trades more effectively across various asset classes and geographies.
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AWS for institutional trading and portfolio management.
Stripe for institutional stock trading.
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- ITG Algorithms & Smart Router: Provides automated trading strategies for efficient order execution.
- POSIT: Offers a crossing network for continuous and scheduled execution of non-displayed equity orders with price improvement.
- ITG Derivatives: Enables electronic trading of listed futures and options.
- Execution Management System (EMS): Delivers multi-asset trading capabilities for institutional clients.
- Order Management System (OMS): Combines portfolio management, compliance functionality, and a financial services communications network.
- ITG Trading Analytics: Enhances execution performance with pre-trade, during-trade, and post-trade analytics and risk models.
- ITG Portfolio Analytics: Assists asset managers with tasks like portfolio construction, optimization, and decision-making.
- ITG Commission Manager: A web-based portal designed for managing commission workflows.
- ITG RFQ-hub: A platform for requesting quotes across global-listed and over-the-counter financial instruments.
- Securities Lending Services: Provides services for the lending and borrowing of securities.
- ITG Net: A financial communications network connecting the financial community.
- ITG Single Ticket Clearing: Offers a broker-neutral operational service for clearing trades.
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ITG (Investment Technology Group, Inc.) primarily sells its financial technology solutions and services to other companies within the financial industry.
Based on the provided company description, its major customers are broadly categorized as:
- Asset Managers: These are firms that manage investment portfolios for individuals and institutions. ITG offers them solutions for portfolio management, investment research, pre-trade analytics, and post-trade analytics and processing.
- Broker-Dealers: Financial firms that execute trades on behalf of clients or for their own accounts. ITG provides them with execution services, workflow technology, and various analytical tools.
- Institutional Investors and the broader Financial Community: This category encompasses financial institutions, including those mentioned above, that utilize ITG's comprehensive suite of services such as its Execution Management System, Order Management System, financial communications network (ITG Net), and platforms like ITG RFQ-hub.
The provided background information does not list the specific names of ITG's customer companies.
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Francis J. Troise, Chief Executive Officer
Francis J. Troise served as the CEO and President of ITG, joining the company in January 2016. He previously had a significant tenure at ITG from 1997 to 2005. Before rejoining, he was a managing director and head of J.P. Morgan Execution Services from 2010 to October 2015. His career also includes leadership roles in electronic trading at Barclays Capital and Lehman Brothers, and management consulting at Booz Allen and Accenture. After ITG's acquisition, he became CEO and board member of Pico Quantitative Trading and later, in 2024, President of global capital markets at Broadridge Financial Solutions.
Steven Vigliotti, Chief Financial Officer
Steven Vigliotti served as the Chief Financial Officer and Chief Administrative Officer of ITG, having joined the company in January 2010. He possesses over 20 years of experience as a CFO for both publicly traded and private equity-backed companies. He is a Certified Public Accountant.
Rob Boardman, Chief Executive Officer, ITG Europe
Rob Boardman was the Chief Executive Officer of ITG Europe, having joined ITG in 2006 as Head of Algorithmic Sales. He advanced to lead the electronic trading business and became EMEA CEO in 2010. Prior to ITG, he spent 12 years at Goldman Sachs, starting in 1994, where he worked on deploying trading technology. He was also a founder member of the European FIX Protocol organization.
Tom Shpetner, Chief Compliance Officer
Tom Shpetner served as the Chief Compliance Officer of ITG, a role he assumed in April 2016.
Hatice Unal, Managing Director, Global Technology Infrastructure
Hatice Unal served as the Managing Director, Global Technology Infrastructure for ITG, having started in April.
Francis J. Troise served as the CEO and President of ITG, joining the company in January 2016. He previously had a significant tenure at ITG from 1997 to 2005. Before rejoining, he was a managing director and head of J.P. Morgan Execution Services from 2010 to October 2015. His career also includes leadership roles in electronic trading at Barclays Capital and Lehman Brothers, and management consulting at Booz Allen and Accenture. After ITG's acquisition, he became CEO and board member of Pico Quantitative Trading and later, in 2024, President of global capital markets at Broadridge Financial Solutions.
Steven Vigliotti, Chief Financial Officer
Steven Vigliotti served as the Chief Financial Officer and Chief Administrative Officer of ITG, having joined the company in January 2010. He possesses over 20 years of experience as a CFO for both publicly traded and private equity-backed companies. He is a Certified Public Accountant.
Rob Boardman, Chief Executive Officer, ITG Europe
Rob Boardman was the Chief Executive Officer of ITG Europe, having joined ITG in 2006 as Head of Algorithmic Sales. He advanced to lead the electronic trading business and became EMEA CEO in 2010. Prior to ITG, he spent 12 years at Goldman Sachs, starting in 1994, where he worked on deploying trading technology. He was also a founder member of the European FIX Protocol organization.
Tom Shpetner, Chief Compliance Officer
Tom Shpetner served as the Chief Compliance Officer of ITG, a role he assumed in April 2016.
Hatice Unal, Managing Director, Global Technology Infrastructure
Hatice Unal served as the Managing Director, Global Technology Infrastructure for ITG, having started in April.
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The emergence of blockchain-based digital asset trading platforms and decentralized finance (DeFi) protocols presents a clear emerging threat to ITG. As financial institutions increasingly explore and adopt tokenized assets and on-chain trading solutions, the traditional intermediary role played by ITG through its execution services (e.g., ITG Algorithms, ITG Smart Router, POSIT) and clearing services (e.g., ITG Single Ticket Clearing) could be significantly diminished or disintermediated. DeFi aims to create a new, peer-to-peer financial market infrastructure that could bypass many of the conventional broker-dealer and market technology services ITG currently provides, offering alternative execution and settlement mechanisms that are faster, cheaper, and more transparent.
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Here are the addressable market sizes for ITG's main products and services:
-
Execution Services (including Algorithmic Trading and Dark Pools):
- The global algorithmic trading market was estimated at USD 21.06 billion in 2024 and is projected to reach USD 42.99 billion by 2030.
- In 2023, North America held a dominant share of over 33% of the algorithmic trading market, with revenues amounting to USD 4.3 billion.
- For dark pools and off-exchange venues, nearly half of all trading activity in the U.S. occurred in these venues as of February 2022. The North America dark pool and off-exchange volume analysis market was valued at USD 2.57 billion in 2025 and is projected to reach USD 4.87 billion by 2034.
-
Workflow Technology:
- Execution Management System (EMS): The global market for Execution Management Systems was valued at approximately USD 3.5 billion in 2023 and is projected to reach around USD 10.2 billion by 2032. North America accounted for approximately 40% of the global EMS market share in 2023.
- Order Management System (OMS): The global Order Management Systems market was valued at USD 3.8 billion in 2025 and is projected to reach USD 9.1 billion by 2034. North America held the dominant position in the global OMS market in 2025, accounting for 38.5% of total revenues.
-
Analytics (Financial Analytics Software):
- The global financial analytics market size was valued at USD 13.7 billion in 2025 and is estimated to reach USD 30.1 billion by 2034.
- North America currently dominates the financial analytics market, holding a significant market share of over 34.0% in 2025.
-
Commission Management (Sales Commission Software):
- The global sales commission software market was valued at USD 5.26 billion in 2024 and is anticipated to reach USD 9.38 billion by 2032.
- North America holds approximately 38% of the global sales commission software market.
-
Securities Lending Services:
- The global Securities Lending Services market size is expected to grow at a CAGR of 7.90% from 2025 to 2034, with a market size of USD 260 billion in 2025 and a forecast to reach USD 520 billion by 2034.
-
Institutional Broker-Dealer Services:
- The global investment banking & brokerage industry market size was USD 423.0 billion in 2026.
-
Data-driven Investment Research:
- The market research sector, as part of the broader insights industry, accounted for approximately USD 54 billion globally as of 2023.
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Peer Outperformance in Construction & Engineering
ITG has trailed 90% of its 30 Construction & Engineering peers over 5Y. Construction & Engineering ranks 1st of 23 industries in Industrials by median 5Y return. That makes it one of the strongest corners of the sector.
Share of Construction & Engineering constituents that ITG has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
6%
of 35 industry peers · -58.2% return
3Y
9%
of 32 industry peers · -58.2% return
5Y
10%
of 30 industry peers · -58.2% return
No Construction & Engineering peer with a comparable growth profile has beaten ITG by more than 20pp over 5Y.
Median price return by industry across the Industrials sector, ranked by 5Y. Construction & Engineering is ITG's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering ← | 31 | 7.0% | 104.6% | 189.6% | FIX 2338% · STRL 2296% · CDNL 2275% |
| Marine Transportation | 5 | 88.1% | 65.8% | 180.5% | HOS 44163% · MATX 208% · SFL 181% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 11.7% | 58.9% | 128.8% | CAT 364% · ALSN 258% · WAB 236% |
| Aerospace & Defense | 55 | -6.5% | 68.9% | 75.0% | ATI 1076% · FTAI 1008% · HWM 661% |
| Rail Transportation | 7 | 29.3% | 58.4% | 59.0% | FSTR 147% · CSX 70% · RAIL 69% |
| Trading Companies & Distributors | 19 | 4.3% | 37.2% | 50.9% | DXPE 581% · AIT 305% · WCC 222% |
| Industrial Machinery & Supplies & Components | 72 | 9.1% | 51.5% | 43.2% | CRS 1278% · PSIX 1091% · EROC 652% |
| Diversified Support Services | 33 | 13.4% | 34.2% | 36.0% | LIME 3498% · TH 459% · WLFC 363% |
| Passenger Ground Transportation | 3 | -28.4% | 46.2% | 31.6% | UBER 59% · CAR 32% · LYFT -72% |
| Cargo Ground Transportation | 16 | 34.4% | 2.3% | 27.6% | R 251% · XPO 242% · CVLG 163% |
| Electrical Components & Equipment | 41 | 3.4% | 58.5% | 24.2% | POWL 2383% · BE 1333% · VRT 958% |
| Building Products | 33 | -14.7% | 3.4% | 20.0% | LMB 728% · GFF 398% · PPIH 301% |
| Industrial Conglomerates | 17 | 7.9% | 6.5% | 7.9% | RCMT 524% · CSW 142% · DD 76% |
| Agricultural & Farm Machinery | 17 | 6.4% | 4.5% | -2.4% | BLBD 214% · DE 117% · GENC 58% |
| Environmental & Facilities Services | 29 | -11.1% | 24.2% | -7.2% | CECO 929% · ADUR 404% · NVRI 376% |
| Research & Consulting Services | 13 | -12.7% | -22.8% | -10.5% | HURN 219% · CRAI 92% · GRNQ 67% |
| Data Processing & Outsourced Services | 6 | -33.4% | -14.8% | -24.6% | EXLS 46% · BR 10% · G -23% |
| Passenger Airlines | 11 | 3.2% | 13.3% | -27.7% | LTM 3169% · UAL 145% · SKYW 113% |
| Office Services & Supplies | 9 | 7.4% | 12.6% | -32.7% | PBI 202% · TILE 148% · HNI 51% |
| Human Resource & Employment Services | 22 | 6.5% | -15.5% | -36.3% | BBSI 89% · ADP 54% · PAYX 25% |
| Air Freight & Logistics | 12 | -18.0% | -19.7% | -39.1% | CHRW 97% · EXPD 67% · FDX 66% |
| Security & Alarm Services | 10 | -37.7% | 22.8% | -44.9% | CIX 157% · MG 128% · BCO 68% |
| Airport Services | 3 | -75.1% | -78.7% | -61.9% | JOBY -35% · ASLE -62% · UP -100% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 203.88 |
| Mkt Cap | 8.2 |
| Rev LTM | 9,054 |
| Op Inc LTM | 415 |
| FCF LTM | 470 |
| FCF 3Y Avg | 326 |
| CFO LTM | 662 |
| CFO 3Y Avg | 456 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 26.3% |
| Rev Chg 3Y Avg | 20.0% |
| Rev Chg Q | 41.1% |
| QoQ Delta Rev Chg LTM | 9.2% |
| Op Inc Chg LTM | 38.3% |
| Op Inc Chg 3Y Avg | 79.5% |
| Op Mgn LTM | 6.0% |
| Op Mgn 3Y Avg | 5.6% |
| QoQ Delta Op Mgn LTM | 0.5% |
| CFO/Rev LTM | 10.0% |
| CFO/Rev 3Y Avg | 8.9% |
| FCF/Rev LTM | 7.0% |
| FCF/Rev 3Y Avg | 6.5% |
Price Behavior
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ITG Betas & Captures as of 8/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.79 | 1.51 | 0.80 | 0.43 | 0.25 | 0.06 |
| Up Beta | -2.44 | 1.98 | 0.98 | 0.38 | 0.29 | 0.05 |
| Down Beta | -1.08 | -3.80 | -3.73 | -2.10 | -1.03 | -0.25 |
| Up Capture | 344% | 108% | 63% | 24% | 11% | 1% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 11 | 19 | 19 | 19 | 19 | 19 |
| Down Capture | 638% | 421% | 362% | 211% | 132% | 73% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 10 | 23 | 24 | 24 | 24 | 24 |
[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 ITG | |
|---|---|---|---|---|
| ITG | -28.7% | 85.4% | -1.43 | - |
| Sector ETF (XLI) | 13.5% | 17.2% | 0.57 | 18.4% |
| Equity (SPY) | 16.9% | 12.9% | 0.94 | 18.0% |
| Gold (GLD) | 19.1% | 29.3% | 0.60 | 25.0% |
| Commodities (DBC) | 46.3% | 20.6% | 1.73 | 8.7% |
| Real Estate (VNQ) | 4.9% | 13.6% | 0.10 | -33.1% |
| Bitcoin (BTCUSD) | -30.6% | 44.3% | -0.70 | 5.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ITG | |
|---|---|---|---|---|
| ITG | -6.5% | 85.4% | -1.43 | - |
| Sector ETF (XLI) | 12.4% | 17.6% | 0.54 | 18.4% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 18.0% |
| Gold (GLD) | 19.1% | 18.8% | 0.83 | 25.0% |
| Commodities (DBC) | 11.2% | 19.5% | 0.45 | 8.7% |
| Real Estate (VNQ) | 1.1% | 18.8% | -0.05 | -33.1% |
| Bitcoin (BTCUSD) | 12.5% | 52.5% | 0.42 | 5.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ITG | |
|---|---|---|---|---|
| ITG | 3.7% | 38.0% | 0.47 | - |
| Sector ETF (XLI) | 13.1% | 20.1% | 0.57 | 20.2% |
| Equity (SPY) | 15.1% | 18.0% | 0.72 | 19.1% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 2.2% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 2.7% |
| Real Estate (VNQ) | 4.4% | 20.7% | 0.18 | -1.2% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | 3.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 9/15/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2026 | -3.9% | -2.9% | 3.6% |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 1 |
| # Negative | 1 | 1 | 0 |
| Median Positive | 3.6% | ||
| Median Negative | -3.9% | -2.9% | |
| Max Positive | 3.6% | ||
| Max Negative | -3.9% | -2.9% | |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/12/2026 | -3.9% | -2.9% | 3.6% |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 1 |
| # Negative | 1 | 1 | 0 |
| Median Positive | 3.6% | ||
| Median Negative | -3.9% | -2.9% | |
| Max Positive | 3.6% | ||
| Max Negative | -3.9% | -2.9% | |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Construction & Engineering Resources |
| Engineering News-Record (ENR) |
| Construction Dive |
| Civil Engineering Magazine |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.
Core Cache Last Updated: 9/20/2026