SCHWAB CHARLES CORP
SCHW · Other · $179.8B mkt cap · FY2025 filings · Not rated ·
Not rated
We don't have enough comparable filing data to score at least four of the five filters for SCHW, so we don't publish a composite. Missing: pricingPower, returnsOnCapital. No composite: 2 components abstained (pricingPower: Not enough years of gross-margin data to score pricing power.; returnsOnCapital: Not enough years of ROIC data to score returns on capital.).
20 years of fundamentals
The business, in plain English
Across the filed record, revenue grew from $5.0B (FY2007) to $23.9B (FY2025) — about 9.1% a year compounded over 18 years.
The balance sheet carried $31.0B of total debt in FY2025 against $8.9B of owner earnings — roughly 3.5 years of owner earnings to retire it all. Balance-Sheet Safety scores it 78/100.
The share count rose 47.0% between FY2009 and FY2025 — existing owners have been diluted over the record. Capital Discipline scores it 60/100.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
Not disclosed in SCHW’s filings for these years — we don’t estimate it.
Not disclosed in SCHW’s filings for these years — we don’t estimate it.
Gaps in a line mean that item isn’t in SCHW’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Moat Score history
No composite readings yet — SCHW’s filings don’t give the engine enough comparable data to score, and we log that honestly instead of guessing a number.
Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars
- Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
- Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026
Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.
Track record
How SCHWAB CHARLES CORP’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.
How to read this: each dot is what the engine would have scored SCHW on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.
Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The indexed price path isn't available for this company yet; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.
What followed, in the years it rated Wide
In the reconstructed history shown, SCHW did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.
Other context
Not ranked — SCHW doesn’t have enough comparable filing data for a composite score, so we don’t place it on the board.
Other leaders by Moat Score
- #1FHI Federated Hermes, Inc.95.8 out of 100, Wide moatWide moat
- #2MORN MORNINGSTAR, INC.90.2 out of 100, Wide moatWide moat
- #3MKTX MARKETAXESS HOLDINGS INC.86.2 out of 100, Wide moatWide moat
Common questions about SCHW
- Does SCHWAB CHARLES CORP have an economic moat?
- We don't publish a Moat Score for SCHWAB CHARLES CORP (SCHW): its SEC filings don't provide enough comparable data to score at least four of the five filters, and the Index records each gap rather than a guessed number. Missing inputs: pricing power, returns on capital.
- Is SCHW trading below the conservative owner-earnings estimate?
- The conservative owner-earnings floor is $37.68 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $102.63, that is 172% above owner-earnings floor. The model also publishes a capped-growth comparison, but the floor is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
- How has SCHW's Moat Score changed over time?
- The record logs 12 readings since Jul 17, 2026, none with a composite — SCHW hasn't had enough comparable filing data to score. No tier changes on record yet. (Methodology upgrades on Jul 20, 2026, Jul 23, 2026 re-based the score; readings across engine versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.