COMP <GO>
MKTX vs SNEX // 10Y YIELD & FRED MACRO BETA
MarketAxess Holdings Inc. (NASDAQ) VS. StoneX Group Inc. (NASDAQ) • 15-METRIC TALLY: MKTX 6
— SNEX 4
▲ 10Y YIELD & FRED MACRO BETA LEADER: MKTX
LAST: $165.48 (+0.11%) • MKT CAP: $5.82B
macro-sensitivity
1.02
LAST: $53.91 (+2.04%) • MKT CAP: $6.37B
macro-sensitivity
0.90
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (MKTX VS. SNEX)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | MKTX | SNEX | 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 | 56.1x | -40.00 | MKTX | /valuation <GO> |
| Free Cash Flow Yield | 6.44% | 22.00% | -15.56 | SNEX | /fcf-yield <GO> |
| Operating Margin | 40.40% | 0.30% | +40.10 | MKTX | /operating-margins <GO> |
| Net Profit Margin | 29.20% | 0.20% | +29.00 | MKTX | /net-margins <GO> |
| Revenue Growth (YoY) | 3.60% | 32.50% | -28.90 | SNEX | /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 | 7/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 68.5 | 29.3 | +39.20 | MKTX | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta ACTIVE | 1.02 | 0.90 | +0.12 | MKTX | /macro-sensitivity <GO> |
| Forward P/E Multiple | 21.9x | 18.2x | +3.70 | SNEX | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $5.82B | $6.37B | -$554.8M | SNEX | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | MKTX REV | SNEX REV | MKTX GROSS % | SNEX GROSS % | MKTX FCF | SNEX FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $846.3M | $132.38B | — | 3.1% | $373.9M | $4.32B |
| FY 2024 | $817.1M | $99.89B | — | 3.4% | $375.3M | $441.7M |
| FY 2023 | $752.5M | $60.86B | — | — | $299.9M | -$2.76B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
MKTX // BETA 1.02
SNEX // BETA 0.90