COMP <GO>
MKTX vs MS // RETURN ON INVESTED CAPITAL (ROIC)
MarketAxess Holdings Inc. (NASDAQ) VS. Morgan Stanley (NYSE) • 15-METRIC TALLY: MKTX 8
— MS 5
▲ RETURN ON INVESTED CAPITAL (ROIC) LEADER: MKTX
LAST: $165.30 (+0.23%) • MKT CAP: $5.80B
roic
28.40%
LAST: $184.30 (-3.00%) • MKT CAP: $298.41B
roic
3.00%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (MKTX VS. MS)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | MKTX | MS | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 41.00% | 41.00% | 0.00 | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) ACTIVE | 28.40% | 3.00% | +25.40 | MKTX | /roic <GO> |
| EV/EBITDA & P/E Valuation | 16.1x | 31.0x | -14.90 | MKTX | /valuation <GO> |
| Free Cash Flow Yield | 6.44% | -7.25% | +13.69 | MKTX | /fcf-yield <GO> |
| Operating Margin | 40.40% | 24.60% | +15.80 | MKTX | /operating-margins <GO> |
| Net Profit Margin | 29.20% | 20.20% | +9.00 | MKTX | /net-margins <GO> |
| Revenue Growth (YoY) | 3.60% | 5.50% | -1.90 | MS | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 2.21% | -2.21 | MS | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 6.91 | 0.46 | +6.45 | MKTX | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 5/9 | +2.00 | MKTX | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 7.00% | 7.00% | 0.00 | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 73.1 | 43.3 | +29.80 | MKTX | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.02 | 1.04 | -0.02 | MS | /macro-sensitivity <GO> |
| Forward P/E Multiple | 21.9x | 16.5x | +5.40 | MS | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $5.80B | $298.41B | -$292.60B | MS | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | MKTX REV | MS REV | MKTX GROSS % | MS GROSS % | MKTX FCF | MS FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $846.3M | $0 | 44.0% | — | $373.9M | -$17.89B |
| FY 2024 | $817.1M | $0 | 44.0% | — | $375.3M | $1.36B |
| FY 2023 | $752.5M | $0 | 44.0% | — | $299.9M | -$33.54B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
MKTX // BETA 1.02
MS // BETA 1.04