176.08 USD
+1.42 (+0.81%)
176.08 USD
0 (0%)
Taking everything into account, MKTX scores 6 out of 10 in our fundamental rating. MKTX was compared to 237 industry peers in the Capital Markets industry. Both the health and profitability get an excellent rating, making MKTX a very profitable company, without any liquidiy or solvency issues. MKTX is valied quite expensively at the moment, while it does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- In the past year MKTX was profitable.
- MKTX had a positive operating cash flow in the past year.
- Each year in the past 5 years MKTX has been profitable.
- In the past 5 years MKTX always reported a positive cash flow from operatings.
1.2 Ratios
- MKTX has a Return On Assets of 10.90%. This is amongst the best in the industry. MKTX outperforms 91.14% of its industry peers.
- Looking at the Return On Equity, with a value of 15.93%, MKTX belongs to the top of the industry, outperforming 80.59% of the companies in the same industry.
- With an excellent Return On Invested Capital value of 19.04%, MKTX belongs to the best of the industry, outperforming 96.20% of the companies in the same industry.
- MKTX had an Average Return On Invested Capital over the past 3 years of 20.18%. This is significantly above the industry average of 7.16%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.9% | ||
| ROE | 15.93% | ||
| ROIC | 19.04% |
ROA(3y)14.56%
ROA(5y)16.61%
ROE(3y)20.95%
ROE(5y)23.79%
ROIC(3y)20.18%
ROIC(5y)23.06%
1.3 Margins
- The Profit Margin of MKTX (26.16%) is better than 68.78% of its industry peers.
- In the last couple of years the Profit Margin of MKTX has declined.
- MKTX's Operating Margin of 41.20% is fine compared to the rest of the industry. MKTX outperforms 74.26% of its industry peers.
- In the last couple of years the Operating Margin of MKTX has declined.
- The Gross Margin of MKTX (88.94%) is better than 93.67% of its industry peers.
- MKTX's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 41.2% | ||
| PM (TTM) | 26.16% | ||
| GM | 88.94% |
OM growth 3Y-4.74%
OM growth 5Y-3.2%
PM growth 3Y-3.1%
PM growth 5Y-3.48%
GM growth 3Y-1.77%
GM growth 5Y-1.24%
2. Health
2.1 Basic Checks
- MKTX has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, MKTX has less shares outstanding
- MKTX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
- MKTX has an Altman-Z score of 8.58. This indicates that MKTX is financially healthy and has little risk of bankruptcy at the moment.
- With an excellent Altman-Z score value of 8.58, MKTX belongs to the best of the industry, outperforming 92.83% of the companies in the same industry.
- There is no outstanding debt for MKTX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 8.58 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
- A Current Ratio of 2.07 indicates that MKTX has no problem at all paying its short term obligations.
- MKTX has a Current ratio of 2.07. This is in the better half of the industry: MKTX outperforms 73.42% of its industry peers.
- A Quick Ratio of 2.07 indicates that MKTX has no problem at all paying its short term obligations.
- Looking at the Quick ratio, with a value of 2.07, MKTX is in the better half of the industry, outperforming 73.84% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.07 | ||
| Quick Ratio | 2.07 |
3. Growth
3.1 Past
- MKTX shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -2.49%.
- The Earnings Per Share has been growing slightly by 6.13% on average over the past years.
- The Revenue has been growing slightly by 3.37% in the past year.
- The Revenue has been growing by 9.82% on average over the past years. This is quite good.
EPS 1Y (TTM)-2.49%
EPS 3Y2.4%
EPS 5Y6.13%
EPS Q2Q%-3.16%
Revenue 1Y (TTM)3.37%
Revenue growth 3Y5.33%
Revenue growth 5Y9.82%
Sales Q2Q%1.02%
3.2 Future
- Based on estimates for the next years, MKTX will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.38% on average per year.
- MKTX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.27% yearly.
EPS Next Y1.29%
EPS Next 2Y7.24%
EPS Next 3Y8.76%
EPS Next 5Y11.38%
Revenue Next Year3.79%
Revenue Next 2Y5.89%
Revenue Next 3Y6.65%
Revenue Next 5Y6.27%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 23.67 indicates a rather expensive valuation of MKTX.
- MKTX's Price/Earnings ratio is a bit more expensive when compared to the industry. MKTX is more expensive than 60.76% of the companies in the same industry.
- MKTX is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.47, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 21.06, MKTX is valued on the expensive side.
- The rest of the industry has a similar Price/Forward Earnings ratio as MKTX.
- MKTX is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.26, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.67 | ||
| Fwd PE | 21.06 |
4.2 Price Multiples
- MKTX's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. MKTX is cheaper than 81.86% of the companies in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of MKTX indicates a somewhat cheap valuation: MKTX is cheaper than 64.14% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.91 | ||
| EV/EBITDA | 14.58 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates MKTX does not grow enough to justify the current Price/Earnings ratio.
- MKTX has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)18.28
PEG (5Y)3.86
EPS Next 2Y7.24%
EPS Next 3Y8.76%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 1.74%, MKTX has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 6.12, MKTX has a dividend in line with its industry peers.
- MKTX's Dividend Yield is comparable with the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.74% |
5.2 History
- The dividend of MKTX is nicely growing with an annual growth rate of 8.13%!
- MKTX has been paying a dividend for at least 10 years, so it has a reliable track record.
- MKTX has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)8.13%
Div Incr Years11
Div Non Decr Years11
5.3 Sustainability
- MKTX pays out 52.32% of its income as dividend. This is a bit on the high side, but may be sustainable.
- MKTX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP52.32%
EPS Next 2Y7.24%
EPS Next 3Y8.76%
176.08
+1.42 (+0.81%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)11-07 2025-11-07/bmo
Earnings (Next)02-06 2026-02-06/amc
Inst Owners99.88%
Inst Owner Change0.18%
Ins Owners0.73%
Ins Owner Change3.1%
Market Cap6.54B
Revenue(TTM)839.26M
Net Income(TTM)219.53M
Analysts74.74
Price Target200.74 (14%)
Short Float %7.59%
Short Ratio4.13
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.74% |
Yearly Dividend2.98
Dividend Growth(5Y)8.13%
DP52.32%
Div Incr Years11
Div Non Decr Years11
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.15%
Min EPS beat(2)0.15%
Max EPS beat(2)6.14%
EPS beat(4)4
Avg EPS beat(4)2.18%
Min EPS beat(4)0.15%
Max EPS beat(4)6.14%
EPS beat(8)8
Avg EPS beat(8)3.67%
EPS beat(12)9
Avg EPS beat(12)2.17%
EPS beat(16)11
Avg EPS beat(16)1.63%
Revenue beat(2)0
Avg Revenue beat(2)-2.12%
Min Revenue beat(2)-2.19%
Max Revenue beat(2)-2.05%
Revenue beat(4)0
Avg Revenue beat(4)-2.49%
Min Revenue beat(4)-3.23%
Max Revenue beat(4)-2.05%
Revenue beat(8)0
Avg Revenue beat(8)-2.4%
Revenue beat(12)0
Avg Revenue beat(12)-2.29%
Revenue beat(16)0
Avg Revenue beat(16)-2.27%
PT rev (1m)-1.73%
PT rev (3m)-9.93%
EPS NQ rev (1m)-4.4%
EPS NQ rev (3m)-8.52%
EPS NY rev (1m)0.98%
EPS NY rev (3m)-3.7%
Revenue NQ rev (1m)-0.83%
Revenue NQ rev (3m)-1.11%
Revenue NY rev (1m)-0.23%
Revenue NY rev (3m)-0.75%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.67 | ||
| Fwd PE | 21.06 | ||
| P/S | 7.8 | ||
| P/FCF | 18.91 | ||
| P/OCF | 16.37 | ||
| P/B | 4.75 | ||
| P/tB | 6.69 | ||
| EV/EBITDA | 14.58 |
EPS(TTM)7.44
EY4.23%
EPS(NY)8.36
Fwd EY4.75%
FCF(TTM)9.31
FCFY5.29%
OCF(TTM)10.75
OCFY6.11%
SpS22.58
BVpS37.09
TBVpS26.34
PEG (NY)18.28
PEG (5Y)3.86
Graham Number78.79
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.9% | ||
| ROE | 15.93% | ||
| ROCE | 24.79% | ||
| ROIC | 19.04% | ||
| ROICexc | 28.81% | ||
| ROICexgc | 50.86% | ||
| OM | 41.2% | ||
| PM (TTM) | 26.16% | ||
| GM | 88.94% | ||
| FCFM | 41.23% |
ROA(3y)14.56%
ROA(5y)16.61%
ROE(3y)20.95%
ROE(5y)23.79%
ROIC(3y)20.18%
ROIC(5y)23.06%
ROICexc(3y)32.58%
ROICexc(5y)40.71%
ROICexgc(3y)54.23%
ROICexgc(5y)74.41%
ROCE(3y)26.28%
ROCE(5y)30.03%
ROICexgc growth 3Y-19.3%
ROICexgc growth 5Y-4.85%
ROICexc growth 3Y-13.78%
ROICexc growth 5Y-4.25%
OM growth 3Y-4.74%
OM growth 5Y-3.2%
PM growth 3Y-3.1%
PM growth 5Y-3.48%
GM growth 3Y-1.77%
GM growth 5Y-1.24%
F-Score5
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 76.08% | ||
| Cap/Sales | 6.4% | ||
| Interest Coverage | 402.56 | ||
| Cash Conversion | 96% | ||
| Profit Quality | 157.63% | ||
| Current Ratio | 2.07 | ||
| Quick Ratio | 2.07 | ||
| Altman-Z | 8.58 |
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)78.49%
Cap/Depr(5y)91.38%
Cap/Sales(3y)7.04%
Cap/Sales(5y)7%
Profit Quality(3y)107.91%
Profit Quality(5y)106.67%
High Growth Momentum
Growth
EPS 1Y (TTM)-2.49%
EPS 3Y2.4%
EPS 5Y6.13%
EPS Q2Q%-3.16%
EPS Next Y1.29%
EPS Next 2Y7.24%
EPS Next 3Y8.76%
EPS Next 5Y11.38%
Revenue 1Y (TTM)3.37%
Revenue growth 3Y5.33%
Revenue growth 5Y9.82%
Sales Q2Q%1.02%
Revenue Next Year3.79%
Revenue Next 2Y5.89%
Revenue Next 3Y6.65%
Revenue Next 5Y6.27%
EBIT growth 1Y2.33%
EBIT growth 3Y0.33%
EBIT growth 5Y6.3%
EBIT Next Year25.02%
EBIT Next 3Y14.31%
EBIT Next 5Y9.9%
FCF growth 1Y28.59%
FCF growth 3Y12.39%
FCF growth 5Y7.29%
OCF growth 1Y22.51%
OCF growth 3Y10.95%
OCF growth 5Y7.7%
MARKETAXESS HOLDINGS INC / MKTX FAQ
What is the ChartMill fundamental rating of MARKETAXESS HOLDINGS INC (MKTX) stock?
ChartMill assigns a fundamental rating of 6 / 10 to MKTX.
What is the valuation status of MARKETAXESS HOLDINGS INC (MKTX) stock?
ChartMill assigns a valuation rating of 3 / 10 to MARKETAXESS HOLDINGS INC (MKTX). This can be considered as Overvalued.
What is the profitability of MKTX stock?
MARKETAXESS HOLDINGS INC (MKTX) has a profitability rating of 7 / 10.
Can you provide the financial health for MKTX stock?
The financial health rating of MARKETAXESS HOLDINGS INC (MKTX) is 9 / 10.
Can you provide the expected EPS growth for MKTX stock?
The Earnings per Share (EPS) of MARKETAXESS HOLDINGS INC (MKTX) is expected to grow by 1.29% in the next year.