Miami International Holdings, Inc. (MIAX) vs Hyperliquid Strategies Inc (PURR)

Miami International Holdings, Inc. and Hyperliquid Strategies Inc are both Capital Markets companies. Miami International Holdings, Inc. is the larger, with a market value of $3.5B against $2.4B — 1.4× the size. Hyperliquid Strategies Inc has negative trailing earnings, so its P/E is not meaningful; Miami International Holdings, Inc. trades at 10.7×. Hyperliquid Strategies Inc grew revenue faster over the last twelve months: 2,702.3% against 18.2%. Miami International Holdings, Inc. has the higher net margin (19.8% vs −4,730.2%) and the higher return on invested capital (21.2% vs −10.2%). Across the 16 metrics below, Miami International Holdings, Inc. leads on 10 and Hyperliquid Strategies Inc on 6.

Valuation

Metric MIAX PURR Capital Markets median
P/E 10.72 n/m 14.35
P/S 2.27 262.16 2.07
P/B 2.80 1.46 1.36
Price to free cash flow 16.29 n/m 9.28
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.33% (121.61%) (8.28%)
Free cash flow yield 6.14% (1.81%) (1.12%)

Profitability

Metric MIAX PURR Capital Markets median
Gross margin 34.95% 100.00% 68.15%
Operating margin 10.89% (2,473.03%) 0.00%
Net margin 19.75% (4,730.17%) (0.34%)
Free cash flow margin 13.94% (447.26%) 0.00%
Return on equity 28.93% (52.69%) 0.00%
Return on assets 20.88% 0.00% 0.00%
Return on invested capital 21.20% (10.16%) 0.00%

Growth

Metric MIAX PURR Capital Markets median
Revenue growth (TTM) 18.22% 2,702.30% 19.72%
EPS growth (last fiscal year) (173.17%) 181.82% 16.79%
Revenue growth, 5-year CAGR — 81.25% 17.41%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric MIAX PURR Capital Markets median
Debt to equity 0.00 0.00 0.07
Current ratio 3.10 18.22 1.51
Net debt to EBITDA (3.75) (0.28) (0.03)

Dividend

Metric MIAX PURR Capital Markets median
Dividend yield — — 1.58%
Payout ratio — — 0.19

Size

Metric MIAX PURR Capital Markets median
Market cap 3.45b 2.44b 527.01m

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