Interactive Brokers vs MarketAxess
IBKR and MKTX side by side, both in security brokers, dealers, and flotation. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How IBKR and MKTX compare
Interactive Brokers is the larger company, worth 6.4 times as much as MarketAxess ($37.1B against $5.8B).
On earnings, MarketAxess is cheaper: it trades at 20.2× trailing earnings, against 31.5× for Interactive Brokers.
Interactive Brokers grew revenue faster over the last twelve months (20.8% versus 3.9% for MarketAxess).
Both pay dividends: Interactive Brokers yields 0.41% and MarketAxess 2.3%.
MarketAxess scores higher on the StockData Score (14 against 9 for Interactive Brokers), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | IBKR | MKTX |
|---|---|---|
| Size and price | ||
| Market cap | $37.1B | $5.8B |
| Share price | $81.79 | $165.22 |
| Change, 1 year | 12.5% | −2.7% |
| Change, 5 years | 339% | −54.1% |
| Beta (5Y) | 1.15 | 0.62 |
| Employees | 3,182 | 868 |
| StockData Score | ||
| Total score | 9 | 14 (better) |
| Valuation score | 0 | 3 (better) |
| Growth score | 3 (better) | 1 |
| Performance score | 0 | 4 (better) |
| Health score | 4 | 4 |
| Dividend score | 2 | 2 |
| Valuation | ||
| P/E | 31.5× | 20.2× (better) |
| P/S | 13.2× | 6.7× (better) |
| P/B | 6.0× | 4.6× (better) |
| EV/EBITDA | – | 13.2× |
| P/FCF | – | 16.5× |
| PEG | 0.94 | – |
| FCF yield | – | 6.1% |
| Fair value | $49.62 | $192.81 |
| Margin of safety | −64.8% | 14.3% (better) |
| Growth | ||
| Revenue growth (TTM) | 20.8% (better) | 3.9% |
| Revenue growth, 5Y average | 13.6% (better) | 4.2% |
| Net income growth (TTM) | – | 33.0% |
| EPS growth (TTM) | 25.6% | 38.9% (better) |
| EPS growth, 5Y average | 29.7% (better) | −3.3% |
| Profitability | ||
| Operating margin | – | 39.1% |
| Net margin | – | 33.5% |
| FCF margin | – | 40.4% |
| Return on equity | – | 22.0% |
| Return on invested capital | – | 30.3% |
| Financial health | ||
| Debt / equity | 0.00 | 0.07 (better) |
| Net debt / EBITDA | – | −0.69 |
| Interest coverage | – | 47.6× |
| Altman Z-score | 0.14 | 5.43 (better) |
| Piotroski F-score | – | 6 |
| Dividends and buybacks | ||
| Dividend yield | 0.41% | 2.3% (better) |
| Years of dividend growth | – | 12 |
| Dividend growth, 5Y average | – | 4.8% |
| Buyback yield | – | 5.2% |
| Shareholder yield | 0.41% | 7.5% (better) |
| Ownership | ||
| Held by institutions | 85.7% | 111% |
| Held by insiders | 2.1% | 2.5% |
| Insider net buying, 12 months | −$34.8M | −$1.2M (better) |
| Superinvestors holding | 5 | – |
| Short interest, % of float | 3.2% | 11.4% |
Go deeper
- IBKR stock overview
- IBKR income statement
- IBKR valuation and score
- MKTX stock overview
- MKTX income statement
- MKTX valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.