Miami International Holdings, Inc. (MIAX) vs PJT Partners Inc. (PJT)

Miami International Holdings, Inc. and PJT Partners Inc. are both Capital Markets companies. PJT Partners Inc. is the larger, with a market value of $3.5B against $3.1B — 1.1× the size. PJT Partners Inc. trades at the lower P/E: 17.9× against 26.0×. PJT Partners Inc. has the higher net margin (10.6% vs 9.70%) and the higher return on invested capital (33.1% vs 16.1%). Across the 17 metrics below, PJT Partners Inc. leads on 12 and Miami International Holdings, Inc. on 5.

Valuation

Metric MIAX PJT Capital Markets median
P/E 26.01 17.95 14.20
P/S 2.01 1.95 2.00
P/B 2.56 3.74 1.51
Price to free cash flow 12.24 5.56 6.36
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 3.84% 5.57% (3.94%)
Free cash flow yield 8.17% 17.99% (1.62%)

Profitability

Metric MIAX PJT Capital Markets median
Gross margin 34.35% 32.91% 62.80%
Operating margin 7.92% 21.01% 0.00%
Net margin 9.70% 10.58% (0.55%)
Free cash flow margin 16.43% 35.08% 0.00%
Return on equity 18.75% 21.79% 0.00%
Return on assets 17.78% 12.21% 0.00%
Return on invested capital 16.10% 33.13% 0.00%

Growth

Metric MIAX PJT Capital Markets median
Revenue growth (TTM) — 22.91% 20.70%
EPS growth (last fiscal year) (173.17%) 35.77% 22.92%
Revenue growth, 5-year CAGR — 10.24% 18.16%
Net income growth, 5-year CAGR — 8.92% 0.00%

Health

Metric MIAX PJT Capital Markets median
Debt to equity 0.00 0.00 0.08
Current ratio 2.61 2.08 1.50
Net debt to EBITDA (3.75) (1.44) (0.24)

Dividend

Metric MIAX PJT Capital Markets median
Dividend yield — 0.73% 1.36%
Payout ratio — 0.14 0.19

Size

Metric MIAX PJT Capital Markets median
Market cap 3.06b 3.48b 565.91m

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