COMP <GO>
MKTX vs BULL // OPERATING MARGIN
MarketAxess Holdings Inc. (NASDAQ) VS. Webull Corporation (Class A) (NASDAQ) • 15-METRIC TALLY: MKTX 7
— BULL 4
▲ OPERATING MARGIN LEADER: MKTX
LAST: $164.92 (+0.06%) • MKT CAP: $5.80B
operating-margins
40.40%
LAST: $5.33 (-3.62%) • MKT CAP: $2.88B
operating-margins
3.70%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (MKTX VS. BULL)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | MKTX | BULL | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 28.40% | 1.50% | +26.90 | MKTX | /roic <GO> |
| EV/EBITDA & P/E Valuation | 16.1x | 95.0x | -78.90 | MKTX | /valuation <GO> |
| Free Cash Flow Yield | 6.44% | 19.49% | -13.05 | BULL | /fcf-yield <GO> |
| Operating Margin ACTIVE | 40.40% | 3.70% | +36.70 | MKTX | /operating-margins <GO> |
| Net Profit Margin | 29.20% | 3.10% | +26.10 | MKTX | /net-margins <GO> |
| Revenue Growth (YoY) | 3.60% | 11.00% | -7.40 | BULL | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 8/9 | -1.00 | BULL | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 63.9 | 31.6 | +32.30 | MKTX | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.02 | 1.09 | -0.07 | BULL | /macro-sensitivity <GO> |
| Forward P/E Multiple | 21.9x | 108.2x | -86.30 | MKTX | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $5.80B | $2.88B | $2.92B | MKTX | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | MKTX REV | BULL REV | MKTX GROSS % | BULL GROSS % | MKTX FCF | BULL FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $846.3M | $0 | — | — | $373.9M | $561.5M |
| FY 2024 | $817.1M | $0 | — | — | $375.3M | $182.8M |
| FY 2023 | $752.5M | $0 | — | — | $299.9M | $470.6M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
MKTX // BETA 1.02
BULL // BETA 1.09