MarketAxess Holdings Inc. (MKTX) vs Virtu Financial, Inc. (VIRT)
MarketAxess Holdings Inc. and Virtu Financial, Inc. are both Capital Markets companies. Virtu Financial, Inc. is the larger, with a market value of $8.2B against $5.8B — 1.4× the size. Virtu Financial, Inc. trades at the lower P/E: 8.9× against 19.3×. Virtu Financial, Inc. grew revenue faster over the last twelve months: 20.8% against 3.93%. MarketAxess Holdings Inc. has the higher net margin (35.2% vs 12.7%) and the higher return on invested capital (24.8% vs 0.00%). Both pay a dividend; Virtu Financial, Inc. yields more (5.78% vs 1.35%). Across the 22 metrics below, Virtu Financial, Inc. leads on 13 and MarketAxess Holdings Inc. on 9.
Valuation
Profitability
| Metric | MKTX | VIRT | Capital Markets median |
|---|---|---|---|
| Gross margin | 100.00% | 81.77% | 62.80% |
| Operating margin | 40.50% | 49.26% | 0.00% |
| Net margin | 35.22% | 12.70% | (0.55%) |
| Free cash flow margin | 16.39% | 11.73% | 0.00% |
| Return on equity | 23.34% | 26.18% | 0.00% |
| Return on assets | 13.94% | 2.22% | 0.00% |
| Return on invested capital | 24.79% | 0.00% | 0.00% |
Growth
Health
Dividend
Size
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