LPLA vs. TROW: LPL Financial vs. T. Rowe Price Stock Comparison
How do LPL Financial (LPLA) and T. Rowe Price (TROW) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
LPL Financial (LPLA) and T. Rowe Price (TROW) both belong to the Capital Markets industry, though LPLA is classified under Investment Banking & Brokerage while TROW falls under Asset Management & Custody Banks.
| Profile Item | LPLA | TROW |
|---|---|---|
| Name | LPL Financial Holdings Inc. | T. Rowe Price Group Inc. |
| Country/Region | United States | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Financial Services | Financial Services |
| GICS Industry | Capital Markets | Capital Markets |
| GICS Sub-Industry | Investment Banking & Brokerage | Asset Management & Custody Banks |
| Market Capitalization | 23.01 billion USD | 23.13 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | November 18, 2010 | April 2, 1986 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | LPLA | TROW |
|---|---|---|
| Total Return (1Y) | -17.27% | 14.59% |
| Total Return (3Y, Annualized) | 11.10% | 11.26% |
| Total Return (5Y, Annualized) | 13.92% | -8.60% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
T. Rowe Price (TROW) has an aggressive beta of 1.39, indicating higher sensitivity to broad-market moves, while LPL Financial (LPLA) is defensive at 0.52 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.
| Metric | LPLA | TROW |
|---|---|---|
| Volatility (1Y, Annualized) | 39.22% | 24.99% |
| Beta (5Y) | 0.52 | 1.39 |
| Max Drawdown (5Y) | -33.18% | -57.57% |
| Avg. Volume (3M) | 855.76K | 1.72M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | LPLA | TROW |
|---|---|---|
| Sharpe Ratio (1Y) | -0.55 | 0.41 |
| Sortino Ratio (1Y) | -0.70 | 0.58 |
Profitability
ROE (TTM)
LPL Financial (LPLA) at 25.66% sits in the top ROE quartile, while T. Rowe Price (TROW) at 18.20% is closer to the peer norm — stronger capital efficiency for LPLA.
LPLA
Financial Services industry group
25.66%
- Max
- 44.78%
- LPLA
- 25.66%
- Q3
- 21.85%
- Median
- 12.91%
- Q1
- 4.48%
- Min
- -18.71%
TROW
Financial Services industry group
18.20%
- Max
- 44.78%
- Q3
- 21.85%
- TROW
- 18.20%
- Median
- 12.91%
- Q1
- 4.48%
- Min
- -18.71%
Net Margin (TTM)
T. Rowe Price (TROW) at 28.40% retains a top-quartile share of revenue as profit, ahead of LPL Financial (LPLA) at 6.97%, which keeps about the industry-typical share.
LPLA
Financial Services industry group
6.97%
- Max
- 62.84%
- Q3
- 28.05%
- Median
- 15.36%
- LPLA
- 6.97%
- Q1
- 4.82%
- Min
- -28.52%
TROW
Financial Services industry group
28.40%
- Max
- 62.84%
- TROW
- 28.40%
- Q3
- 28.05%
- Median
- 15.36%
- Q1
- 4.82%
- Min
- -28.52%
Operating Margin (TTM)
T. Rowe Price (TROW) at 38.60% runs core operations around its industry’s norm, while LPL Financial (LPLA) at 10.85% operates in the bottom quartile.
LPLA
Financial Services industry group
10.85%
- Max
- 107.33%
- Q3
- 55.90%
- Median
- 30.09%
- Q1
- 14.60%
- LPLA
- 10.85%
- Min
- -44.34%
TROW
Financial Services industry group
38.60%
- Max
- 107.33%
- Q3
- 55.90%
- TROW
- 38.60%
- Median
- 30.09%
- Q1
- 14.60%
- Min
- -44.34%
Profitability Metrics
| Metric | LPLA | TROW |
|---|---|---|
| ROE (TTM) | 25.66% | 18.20% |
| ROA (TTM) | 7.35% | 10.67% |
| Net Margin (TTM) | 6.97% | 28.40% |
| Operating Margin (TTM) | 10.85% | 38.60% |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
LPL Financial (LPLA) at 37.18% sits in the top revenue growth quartile, while T. Rowe Price (TROW) at 3.12% is closer to the peer norm — faster top-line expansion for LPLA.
EPS Growth
Both LPL Financial (LPLA) at -22.17% and T. Rowe Price (TROW) at 0.98% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | LPLA | TROW |
|---|---|---|
| Revenue Growth (YoY) | 37.18% | 3.12% |
| Revenue Growth (3Y CAGR) | 25.47% | 4.08% |
| EPS Growth (YoY) | -22.17% | 0.98% |
| EPS Growth (3Y CAGR) | 1.64% | 11.31% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: LPL Financial (LPLA) in Financial Services and T. Rowe Price (TROW) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: LPL Financial (LPLA) in Financial Services and T. Rowe Price (TROW) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | LPLA | TROW |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
T. Rowe Price (TROW) at 4.76% delivers top-quartile income for its industry, while LPL Financial (LPLA) at 0.40% pays a more typical yield — both are credible income propositions, TROW the richer one.
LPLA
Financial Services industry group
0.40%
- Max
- 9.77%
- Q3
- 3.92%
- Median
- 1.09%
- LPLA
- 0.40%
- Q1
- 0.00%
- Min
- 0.00%
TROW
Financial Services industry group
4.76%
- Max
- 9.77%
- TROW
- 4.76%
- Q3
- 3.92%
- Median
- 1.09%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both LPL Financial (LPLA) at 6.88% and T. Rowe Price (TROW) at 52.33% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
LPLA
Financial Services industry group
6.88%
- Max
- 241.07%
- Q3
- 97.36%
- Median
- 25.77%
- LPLA
- 6.88%
- Q1
- 0.00%
- Min
- 0.00%
TROW
Financial Services industry group
52.33%
- Max
- 241.07%
- Q3
- 97.36%
- TROW
- 52.33%
- Median
- 25.77%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | LPLA | TROW |
|---|---|---|
| Dividend Yield (TTM) | 0.40% | 4.76% |
| Dividend Payout Ratio (TTM) | 6.88% | 52.33% |
Valuation
P/E Ratio (TTM)
Both LPL Financial (LPLA) at 16.93 and T. Rowe Price (TROW) at 10.97 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
LPLA
Financial Services industry group
16.93
- Max
- 45.85
- Q3
- 24.64
- LPLA
- 16.93
- Median
- 15.37
- Q1
- 9.68
- Min
- 0.16
TROW
Financial Services industry group
10.97
- Max
- 45.85
- Q3
- 24.64
- Median
- 15.37
- TROW
- 10.97
- Q1
- 9.68
- Min
- 0.16
P/S Ratio (TTM)
LPL Financial (LPLA) at 1.15 sits in the cheaper P/S ratio quartile while T. Rowe Price (TROW) at 3.00 prices around its industry’s middle — LPLA costs less per dollar of sales, though read it alongside growth and margins.
LPLA
Financial Services industry group
1.15
- Max
- 9.23
- Q3
- 4.57
- Median
- 2.72
- Q1
- 1.28
- LPLA
- 1.15
- Min
- -0.55
TROW
Financial Services industry group
3.00
- Max
- 9.23
- Q3
- 4.57
- TROW
- 3.00
- Median
- 2.72
- Q1
- 1.28
- Min
- -0.55
P/B Ratio (MRQ)
T. Rowe Price (TROW) at 2.03 is valued about in line with its industry on P/B ratio, while LPL Financial (LPLA) at 3.98 carries an above-peer premium to book — LPLA is pricier on assets.
LPLA
Financial Services industry group
3.98
- Max
- 7.79
- LPLA
- 3.98
- Q3
- 3.63
- Median
- 1.57
- Q1
- 0.81
- Min
- -0.39
TROW
Financial Services industry group
2.03
- Max
- 7.79
- Q3
- 3.63
- TROW
- 2.03
- Median
- 1.57
- Q1
- 0.81
- Min
- -0.39
Valuation Metrics
| Metric | LPLA | TROW |
|---|---|---|
| P/E Ratio (TTM) | 16.93 | 10.97 |
| P/S Ratio (TTM) | 1.15 | 3.00 |
| P/B Ratio (MRQ) | 3.98 | 2.03 |
| Free Cash Flow Yield (TTM) | -- | -- |