MarketAxess Holdings Inc. (MKTX) vs Piper Sandler Companies (PIPR)
MarketAxess Holdings Inc. and Piper Sandler Companies are both Capital Markets companies. MarketAxess Holdings Inc. is the larger, with a market value of $5.8B against $5.0B — 1.1× the size. Piper Sandler Companies trades at the lower P/E: 15.9× against 19.3×. Piper Sandler Companies grew revenue faster over the last twelve months: 32.4% against 3.93%. MarketAxess Holdings Inc. has the higher net margin (35.2% vs 14.5%) and the lower return on invested capital (24.8% vs 26.1%). Both pay a dividend; Piper Sandler Companies yields more (3.12% vs 1.35%). Across the 23 metrics below, Piper Sandler Companies leads on 18 and MarketAxess Holdings Inc. on 5.
Valuation
Profitability
| Metric | MKTX | PIPR | Capital Markets median |
|---|---|---|---|
| Gross margin | 100.00% | 99.05% | 62.80% |
| Operating margin | 40.50% | 24.96% | 0.00% |
| Net margin | 35.22% | 14.53% | (0.55%) |
| Free cash flow margin | 16.39% | 23.02% | 0.00% |
| Return on equity | 23.34% | 20.72% | 0.00% |
| Return on assets | 13.94% | 14.34% | 0.00% |
| Return on invested capital | 24.79% | 26.13% | 0.00% |
Growth
Health
Dividend
Size
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