MarketAxess vs Virtu Financial
MKTX and VIRT 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 MKTX and VIRT compare
Virtu Financial is the larger company, worth 1.6 times as much as MarketAxess ($9.2B against $5.8B).
On earnings, Virtu Financial is cheaper: it trades at 8.7× trailing earnings, against 20.2× for MarketAxess.
Virtu Financial grew revenue faster over the last twelve months (26.1% versus 3.9% for MarketAxess).
MarketAxess keeps more of each dollar of sales as profit, with a net margin of 33.5% compared with 14.2% at Virtu Financial.
Both pay dividends: MarketAxess yields 2.3% and Virtu Financial 1.6%.
MarketAxess scores higher on the StockData Score (14 against 12 for Virtu Financial), 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 | MKTX | VIRT |
|---|---|---|
| Size and price | ||
| Market cap | $5.8B | $9.2B |
| Share price | $165.31 | $59.51 |
| Change, 1 year | −2.3% | 65.5% |
| Change, 5 years | −54.1% | 108% |
| Beta (5Y) | 0.62 | 0.61 |
| Employees | 868 | 1,027 |
| StockData Score | ||
| Total score | 14 (better) | 12 |
| Valuation score | 3 | 3 |
| Growth score | 1 | 4 (better) |
| Performance score | 4 (better) | 3 |
| Health score | 4 (better) | 0 |
| Dividend score | 2 | 2 |
| Valuation | ||
| P/E | 20.2× | 8.7× (better) |
| P/S | 6.7× | 2.1× (better) |
| P/B | 4.6× (better) | 4.6× |
| EV/EBITDA | 13.2× | – |
| P/FCF | 16.5× | 10.5× (better) |
| PEG | – | 0.31 |
| FCF yield | 6.1% | 9.5% (better) |
| Fair value | $194.08 | $73.54 |
| Margin of safety | 14.8% | 19.1% (better) |
| Growth | ||
| Revenue growth (TTM) | 3.9% | 26.1% (better) |
| Revenue growth, 5Y average | 4.2% (better) | 2.3% |
| Net income growth (TTM) | 33.0% | 48.2% (better) |
| EPS growth (TTM) | 38.9% | 47.7% (better) |
| EPS growth, 5Y average | −3.3% | −0.12% (better) |
| Profitability | ||
| Operating margin | 39.1% | – |
| Net margin | 33.5% (better) | 14.2% |
| FCF margin | 40.4% (better) | 19.9% |
| Return on equity | 22.0% | 36.1% (better) |
| Return on invested capital | 30.3% | – |
| Financial health | ||
| Debt / equity | 0.07 | – |
| Net debt / EBITDA | −0.69 | – |
| Interest coverage | 47.6× | – |
| Altman Z-score | 5.44 (better) | 0.50 |
| Piotroski F-score | 6 | 6 |
| Dividends and buybacks | ||
| Dividend yield | 2.3% (better) | 1.6% |
| Years of dividend growth | 12 (better) | 0 |
| Dividend growth, 5Y average | 4.8% (better) | 0.00% |
| Buyback yield | 5.2% (better) | 0.00% |
| Shareholder yield | 7.5% (better) | 1.6% |
| Ownership | ||
| Held by institutions | 111% | 52.9% |
| Held by insiders | 2.5% | 98.6% |
| Insider net buying, 12 months | −$1.2M (better) | −$14.9M |
| Short interest, % of float | 11.4% | 255% |
Go deeper
- MKTX stock overview
- MKTX income statement
- MKTX valuation and score
- VIRT stock overview
- VIRT income statement
- VIRT valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.