The Charles Schwab Corporation

SCHW

The Charles Schwab Corporation, together with its subsidiaries, provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The company operates in two segments, Investor Services and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, banking and trust, retirement plan, and other corporate brokerage services; equity compensation plan sponsors full-service recordkeeping for stock plans, stock options, restricted stock, performance shares, and stock appreciation rights; and retail investor and mutual fund clearing services, as well as compliance solutions. The Advisor Services segment offers custodial, trading, banking, and support services; and retirement business and corporate brokerage retirement services. This segment provides brokerage accounts with equity and fixed income, margin lending, options, and futures and forex trading; cash management capabilities comprising third-party certificates of deposit; third-party and proprietary mutual funds; plus mutual fund trading and clearing services; and exchange-traded funds (ETFs), including proprietary and third-party ETFs. It also offers advice solutions, such as managed portfolios of proprietary and third-party mutual funds and ETFs, separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and portfolio management. In addition, this segment provides banking products and services, including checking and savings accounts, first lien residential real estate mortgage loans, home equity lines of credit, and pledged asset lines; and trust services comprising trust custody services, personal trust reporting services, and administrative trustee services. As of December 31, 2021, the Company had approximately 400 domestic branch offices in 48 states and the District of Columbia, as well as locations in Puerto Rico, the United Kingdom, Hong Kong, and Singapore. The Charles Schwab Corporation was incorporated in 1971 and is headquartered in Westlake, Texas.

加载图表中...

📊 估值

关键估值指标

EV/EBITDA (TTM)

Enterprise Value, EBITDA and Ratio

EV/EBIT (TTM)

Enterprise Value, EBIT and Ratio

P/E Ratio (TTM)

Market Cap, Net Income and Ratio

P/B Ratio (Quarterly)

Market Cap, Book Value and Ratio

P/TBV - Price to Tangible Book Value (Quarterly)

Market Cap, Tangible Book Value and Ratio

Price / OCF (TTM)

Market Cap, Operating Cash Flow and Ratio

📈 成长

营收、盈利和每股成长指标

Revenue (Quarterly)

Quarterly Revenue

Net Income (Quarterly)

Quarterly Net Income

EPS (Quarterly)

Earnings Per Share

FCF/Share (Quarterly)

Free Cash Flow Per Share

BVPS Growth YoY

(BVPS_current / BVPS_1y_ago) - 1

TBVPS Growth YoY

(TBVPS_current / TBVPS_1y_ago) - 1

💰 盈利

利润率和净资产收益率

Operating Margin (TTM)

Revenue, Operating Income and Operating Margin

Net Profit Margin (TTM)

Revenue, Net Income and Net Profit Margin

ROE (TTM)

Equity, Net Income and Return on Equity

ROA (TTM)

Assets, Net Income and Return on Assets

ROTCE - Return on Tangible Common Equity (TTM)

Net Income, Tangible Common Equity and ROTCE

💵 现金质量

现金流质量和转换指标

OCF/NI Ratio (TTM)

Operating Cash Flow, Net Income and Ratio

OCF-to-Debt - Operating Cash Flow to Debt Ratio (TTM)

Operating Cash Flow, Total Debt and Ratio

OCF-to-Assets - Operating Cash Flow to Assets Ratio (TTM)

Operating Cash Flow, Total Assets and Ratio

🛡️ 财务韧性

债务、流动性和财务健康度

Debt/Equity (quarterly)

Total Debt, Total Equity and Debt/Equity Ratio

Altman Z-Score

Financial Distress Prediction Model

Debt-to-Assets Ratio (MRQ)

Total Debt, Total Assets and Debt-to-Assets Ratio

Liquidity-to-Assets Ratio (MRQ)

Current Assets, Total Assets and Liquidity-to-Assets Ratio

⚙️ 运营与资本效率

资产利用率、营运资本、ROIC和资本效率

ROIC (TTM)

NOPAT, Invested Capital and Return on Invested Capital

Asset Turnover (TTM)

Revenue, Total Assets and Turnover Ratio

SG&A/Revenue - SG&A Efficiency (TTM)

SG&A Expenses, Revenue and Ratio

Operating Expense Ratio (TTM)

Operating Expenses, Revenue and Ratio

Cost-to-Income Ratio (TTM)

Operating Expenses, Operating Income and Ratio

Revenue per Employee (Quarterly)

Revenue and Revenue per Employee

🎁 股东回报

股息、股票回购、稀释和内部人交易活动

Dividend Yield (TTM)

Dividend Per Share, Share Price and Dividend Yield

Buyback Yield (TTM)

Net Buyback and Buyback Yield

TSR - Total Shareholder Return (1Y)

(Price_end + Dividends_TTM) / Price_start - 1

Dividend Growth CAGR (3Y)

(Dividend_end / Dividend_start)^(1/3) - 1

利润瀑布图分析

加载图表中...

盈利能力指标 Profitability Margins

营业利润率 Operating Income Margini

43.67%

营业利润 Operating Income = $3.19B

营业收入 Revenue = $7.30B

税前利润率 Pre-tax Profit Margini

43.67%

税前利润 Income Before Tax = $3.19B

营业收入 Revenue = $7.30B

净利润率 Net Profit Margini

33.96%

净利润 Net Income = $2.48B

营业收入 Revenue = $7.30B

税务指标 Tax Metrics

应计税率 Effective Tax Ratei

22.24%

所得税费用 Income Tax Expense = $0.71B

税前利润 Income Before Tax = $3.19B

现金税率 TTM Cash Tax Rate (TTM)i

12.58%

实际缴纳所得税 Income Taxes Paid (TTM) = $1.53B

税前利润 Income Before Tax (TTM) = $12.19B

银行核心盈利指标 Financial Sector PPNR Metrics

拨备前净收入（监管口径） PPNRi

$3.19B

PPNR = Net Interest Income + Non-Interest Income - Non-Interest Expense

net interest income: $3.14B | non interest income: $3.34B | non interest expense: $3.29B

PPNR利润率 PPNR Margini

43.67%

拨备前净收入 PPNR = $3.19B

营业收入 Revenue = $7.30B

PPNR资产回报率 PPNR / Avg Assetsi

0.67%

PPNR ROA = PPNR / Avg Total Assets

ppnr: $3.19B | avg total assets: $478.11B

成本效率指标 Cost Efficiency Metrics

效率比率（银行口径） Efficiency Ratioi

45.12%

非利息费用 Non-Interest Expense = $3.29B

营业收入 Revenue = $7.30B

成本收入比（非银） Cost-to-Incomei

45.12%

运营费用 Operating Expenses = $3.29B

营业收入 Revenue = $7.30B

成本资产比（UBPR思想） Cost-to-Assetsi

0.69%

运营费用 Operating Expenses = $3.29B

平均总资产 Avg Total Assets = $478.11B

运营杠杆指标 Operating Leverage Metrics

运营杠杆 (YoY) Operating JAWSi

5.00%

收入增长率 Revenue Growth (YoY) = 9.77%

费用增长率 Expense Growth (YoY) = 4.77%

营业利润率扩张 (YoY) Operating Margin Expansioni

6.75pp

当前营业利润率 Current Operating Margin = 43.67%

去年同期营业利润率 Prior Operating Margin = 36.92%

盈利质量指标 Earnings Quality Metrics

盈利质量 (OCF/NI) Earnings Qualityi

2.96x

经营现金流 Operating Cash Flow = $7.34B

净利润 Net Income = $2.48B

应计项/平均资产 (Sloan) Accruals / Avg Assetsi

-1.02%

Accruals / Avg Assets = (Net Income - OCF) / Avg Total Assets

net income: $2.48B | operating cash flow: $7.34B | avg total assets: $478.11B

波动性指标 Volatility Metrics

PPNR波动率 (8Q) PPNR Volatilityi

0.28x

核心收入波动率 (8Q) Core Revenue Volatilityi

0.04x

员工生产力指标 Employee Productivity Metrics

人均收入 TTM Revenue per Employeei

N/A

Revenue per Employee = Revenue (TTM) / Employee Count

revenue TTM: $28.32B | employee count: N/A

人均运营费用 TTM OpEx per Employeei

N/A

OpEx per Employee = Operating Expenses (TTM) / Employee Count

operating expenses TTM: $11.60B | employee count: N/A

加载图表中...

资本充足性 Capital Adequacy

有形普通股权 Tangible Common Equity (TCE)i

$22.76B

有形资产 Tangible Assets (TA)i

$473.61B

TCE/TA比率 TCE / TA Ratioi

4.81%

🔴 风险 Risk

有形普通股权 TCE = $22.76B

有形资产 TA = $473.61B

杠杆指标 Leverage

股权资产比 Equity / Assets (E/A)i

9.98%

股东权益 Total Equity = $49.23B

总资产 Total Assets = $493.32B

资产股权倍数 Assets / Equity (A/E)i

10.02x

总资产 Total Assets = $493.32B

股东权益 Total Equity = $49.23B

资本质量 Capital Quality

AOCI侵蚀度 AOCI / TCEi

-47.26%

🔴 风险 Risk

AOCI = $-10.76B

有形普通股权 TCE = $22.76B

商誉无形占比 (Goodwill + Intangibles) / Equityi

40.04%

⚠️ 警告 Warning

商誉+无形资产 GW+Intangibles = $19.71B

股东权益 Total Equity = $49.23B

流动性 Liquidity

高流动性缓冲 Liquidity Buffer (HQLA proxy)i

13.65%

⚠️ 警告 Warning

现金+短投 Cash+ST Inv = $67.33B

总资产 Total Assets = $493.32B

资金结构 Funding Structure

批发资金依赖度 Wholesale Funding Ratio (Core)i

7.42%

✅ 健康 Healthy

短期+长期债务 ST+LT Debt = $32.94B

总负债 Total Liabilities = $444.08B

证券类资产占比 Securities / Assetsi

59.48%

🔴 风险 Risk

短投+长投 ST+LT Inv = $293.41B

总资产 Total Assets = $493.32B

风险调整 Risk-Adjusted

风险调整后TCE Risk-Adjusted TCE (ATCE)i

$12.00B

ATCE/TA比率 ATCE / TAi

2.53%

风险调整TCE ATCE = $12.00B

有形资产 TA = $473.61B

ATCE剪刀差 ATCE Scissor Spreadi

228 bps

🔴 风险 Risk

TCE/TA = 481.00%

ATCE/TA = 253.00%

现金流瀑布图

加载图表中...

流入

流出

小计

起止点

现金流生成能力 Cash Generation Capability

盈利现金含量 Earnings Cash Contenti

1.09x

经营现金流 TTM Operating Cash Flow (TTM) = $10.29B

净利润 TTM Net Income (TTM) = $9.42B

现金流资产收益率 Cash Flow ROA (CFROA)i

2.09%

经营现金流 TTM Operating Cash Flow (TTM) = $10.29B

平均总资产 Average Total Assets = $492.16B

流动性／偿债能力 Liquidity / Solvency

现金流充足率 Cash Flow Adequacyi

0.67x

经营现金流 TTM Operating Cash Flow (TTM) = $10.29B

CapEx + 债务偿还 + 分红 CapEx + Debt Repayment + Dividends = $15.27B

经营现金流覆盖短期债务比 OCF / Short-Term Debti

0.69x

经营现金流 TTM Operating Cash Flow (TTM) = $10.29B

短期债务 Short-Term Debt = $15.00B

持续性／稳定性 Sustainability / Stability

经营现金流增长率 OCF Growth Rate (YoY)i

15.46%

当期季度 Current Quarter OCF = $7.34B

去年同期 Same Quarter Last Year OCF = $6.36B

经营现金流波动性 OCF Volatility (CV)i

3.74x

加载中...

The Charles Schwab Corporation

🔍 商业模式深度分析 (杜邦模型)

财务可视化指标

📊 估值

EV/EBITDA (TTM)

EV/EBIT (TTM)

P/E Ratio (TTM)

P/B Ratio (Quarterly)

P/TBV - Price to Tangible Book Value (Quarterly)

Price / OCF (TTM)

📈 成长

Revenue (Quarterly)

Net Income (Quarterly)

EPS (Quarterly)

FCF/Share (Quarterly)

BVPS Growth YoY

TBVPS Growth YoY

💰 盈利

Operating Margin (TTM)

Net Profit Margin (TTM)

ROE (TTM)

ROA (TTM)

ROTCE - Return on Tangible Common Equity (TTM)

💵 现金质量

OCF/NI Ratio (TTM)

OCF-to-Debt - Operating Cash Flow to Debt Ratio (TTM)

OCF-to-Assets - Operating Cash Flow to Assets Ratio (TTM)

🛡️ 财务韧性

Debt/Equity (quarterly)

Altman Z-Score

Debt-to-Assets Ratio (MRQ)

Liquidity-to-Assets Ratio (MRQ)

⚙️ 运营与资本效率

ROIC (TTM)

Asset Turnover (TTM)

SG&A/Revenue - SG&A Efficiency (TTM)

Operating Expense Ratio (TTM)

Cost-to-Income Ratio (TTM)

Revenue per Employee (Quarterly)

🎁 股东回报

Dividend Yield (TTM)

Buyback Yield (TTM)

TSR - Total Shareholder Return (1Y)

Dividend Growth CAGR (3Y)

利润表分析

利润瀑布图分析

资产负债表分析

现金流量表分析