LPL Financial Holdings Inc
LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at institutions in the United States. The company's brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education s… Read more
LPL Financial Holdings Inc (LPLA) - Net Assets
Latest net assets as of December 2025: $5.34 Billion USD
Based on the latest financial reports, LPL Financial Holdings Inc (LPLA) has net assets worth $5.34 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($18.49 Billion) and total liabilities ($13.15 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.34 Billion |
| % of Total Assets | 28.9% |
| Annual Growth Rate | 11.94% |
| 5-Year Change | 219.93% |
| 10-Year Change | 550.98% |
| Growth Volatility | 23.81 |
LPL Financial Holdings Inc - Net Assets Trend (2006–2025)
This chart illustrates how LPL Financial Holdings Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for LPL Financial Holdings Inc (2006–2025)
The table below shows the annual net assets of LPL Financial Holdings Inc from 2006 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $5.34 Billion | +82.37% |
| 2024-12-31 | $2.93 Billion | +40.96% |
| 2023-12-31 | $2.08 Billion | -4.09% |
| 2022-12-31 | $2.17 Billion | +29.75% |
| 2021-12-31 | $1.67 Billion | +27.05% |
| 2020-12-31 | $1.31 Billion | +28.42% |
| 2019-12-31 | $1.02 Billion | +5.11% |
| 2018-12-31 | $974.07 Million | +0.94% |
| 2017-12-31 | $965.01 Million | +17.54% |
| 2016-12-31 | $821.00 Million | +14.73% |
| 2015-12-31 | $715.61 Million | -26.35% |
| 2014-12-31 | $971.60 Million | -11.67% |
| 2013-12-31 | $1.10 Billion | -3.51% |
| 2012-12-31 | $1.14 Billion | -15.22% |
| 2011-12-31 | $1.34 Billion | +14.57% |
| 2010-12-31 | $1.17 Billion | +37.95% |
| 2009-12-31 | $850.88 Million | +7.66% |
| 2008-12-31 | $790.31 Million | +5.77% |
| 2007-12-31 | $747.17 Million | +19.18% |
| 2006-12-31 | $626.92 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to LPL Financial Holdings Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 17292.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.85 Billion | 109.48% |
| Common Stock | $136.00K | 0.00% |
| Total Equity | $5.34 Billion | 100.00% |
LPL Financial Holdings Inc Competitors by Market Cap
The table below lists competitors of LPL Financial Holdings Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jabil Inc
F:JBL
|
$23.44 Billion |
|
Steel Dynamics Inc
NASDAQ:STLD
|
$23.47 Billion |
|
Pan American Silver Corp.
NYSE:PAAS
|
$23.52 Billion |
|
CMS Energy Corporation
NYSE:CMS
|
$23.53 Billion |
|
Darden Restaurants Inc
NYSE:DRI
|
$23.37 Billion |
|
Airbus Group NV
PINK:EADSY
|
$23.34 Billion |
|
Erste Group Bank AG
PINK:EBKOF
|
$23.33 Billion |
|
Mitsui Fudosan Co. Ltd
PINK:MTSFF
|
$23.31 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LPL Financial Holdings Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,930,602,000 to 5,344,485,000, a change of 2,413,883,000 (82.4%).
- Net income of 863,024,000 contributed positively to equity growth.
- Dividend payments of 94,411,000 reduced retained earnings.
- Share repurchases of 133,488,000 reduced equity.
- New share issuances of 1,725,000,000 increased equity.
- Other factors increased equity by 53,758,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $863.02 Million | +16.15% |
| Dividends Paid | $94.41 Million | -1.77% |
| Share Repurchases | $133.49 Million | -2.5% |
| Share Issuances | $1.73 Billion | +32.28% |
| Other Changes | $53.76 Million | +1.01% |
| Total Change | $- | 82.37% |
Book Value vs Market Value Analysis
This analysis compares LPL Financial Holdings Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.35x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 46.54x to 4.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $6.31 | $293.82 | x |
| 2007-12-31 | $7.52 | $293.82 | x |
| 2008-12-31 | $7.96 | $293.82 | x |
| 2009-12-31 | $8.57 | $293.82 | x |
| 2010-12-31 | $13.12 | $293.82 | x |
| 2011-12-31 | $11.99 | $293.82 | x |
| 2012-12-31 | $10.26 | $293.82 | x |
| 2013-12-31 | $10.38 | $293.82 | x |
| 2014-12-31 | $9.56 | $293.82 | x |
| 2015-12-31 | $7.39 | $293.82 | x |
| 2016-12-31 | $9.12 | $293.82 | x |
| 2017-12-31 | $10.48 | $293.82 | x |
| 2018-12-31 | $10.75 | $293.82 | x |
| 2019-12-31 | $12.10 | $293.82 | x |
| 2020-12-31 | $16.29 | $293.82 | x |
| 2021-12-31 | $20.44 | $293.82 | x |
| 2022-12-31 | $26.67 | $293.82 | x |
| 2023-12-31 | $26.70 | $293.82 | x |
| 2024-12-31 | $38.85 | $293.82 | x |
| 2025-12-31 | $67.60 | $293.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LPL Financial Holdings Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.15%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.08%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 3.46x
- Recent ROE (16.15%) is below the historical average (22.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 5.37% | 1.93% | 0.62x | 4.46x | $-29.05 Million |
| 2007 | 8.17% | 2.25% | 0.83x | 4.40x | $-13.65 Million |
| 2008 | 5.76% | 1.46% | 0.92x | 4.28x | $-33.54 Million |
| 2009 | 5.58% | 1.73% | 0.82x | 3.92x | $-37.57 Million |
| 2010 | -4.84% | -1.83% | 0.85x | 3.11x | $-174.24 Million |
| 2011 | 12.67% | 4.90% | 0.91x | 2.84x | $35.91 Million |
| 2012 | 13.33% | 4.15% | 0.92x | 3.50x | $37.92 Million |
| 2013 | 16.53% | 4.39% | 1.02x | 3.68x | $71.86 Million |
| 2014 | 18.32% | 4.07% | 1.08x | 4.17x | $80.88 Million |
| 2015 | 23.59% | 3.95% | 0.95x | 6.31x | $97.22 Million |
| 2016 | 23.38% | 4.74% | 0.84x | 5.89x | $109.83 Million |
| 2017 | 24.75% | 5.58% | 0.80x | 5.55x | $142.36 Million |
| 2018 | 45.12% | 8.47% | 0.95x | 5.62x | $342.05 Million |
| 2019 | 54.68% | 9.95% | 0.96x | 5.74x | $457.49 Million |
| 2020 | 35.95% | 8.05% | 0.90x | 4.96x | $341.15 Million |
| 2021 | 27.53% | 5.96% | 0.97x | 4.78x | $292.81 Million |
| 2022 | 39.02% | 9.83% | 0.91x | 4.37x | $628.95 Million |
| 2023 | 51.29% | 10.61% | 0.97x | 5.00x | $858.35 Million |
| 2024 | 36.12% | 8.55% | 0.93x | 4.54x | $765.56 Million |
| 2025 | 16.15% | 5.08% | 0.92x | 3.46x | $328.58 Million |
Industry Comparison
This section compares LPL Financial Holdings Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $277,925,984
- Average return on equity (ROE) among peers: -4.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LPL Financial Holdings Inc (LPLA) | $5.34 Billion | 5.37% | 2.46x | $23.37 Billion |
| Armada Mercantile Ltd (AAMTF) | $197.80K | -9.79% | 0.44x | $3.53 Million |
| ABG Sundal Collier Holding ASA (ABGSF) | $1.65 Billion | 37.94% | 2.19x | $207.31 Million |
| Athena Bitcoin Global (ABIT) | $-1.06 Million | 0.00% | 0.00x | $16.38 Million |
| ABS-CBN Holdings Corporation (ABSOF) | $0.00 | 0.00% | 0.00x | $5.67 Million |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $204.84 Million |
| Abits Group Inc. (ABTS) | $6.57 Million | -41.72% | 0.18x | $4.62 Million |
| Argentex Group PLC (AGXTF) | $43.40 Million | -3.00% | 2.61x | $4.51 Million |
| Sphere 3D Corp (ANY) | $40.32 Million | -58.05% | 0.24x | $4.44 Million |
| Argo Blockchain PLC (ARBKF) | $27.19 Million | -15.14% | 0.01x | $2.16 Million |
| Arcane Crypto AB (ARCNF) | $-17.00K | 0.00% | 0.00x | $1.38 Million |