MarketAxess Holdings (MKTX) Fundamental Analysis: Revenue, Earnings & Valuation

7.28 / 10

Outperform

Fundamentally, MKTX scores 7.3/10 and is rated Outperform. Strengths include high inventory turnover, strong current (4.32) and quick (2.28) ratios, robust gross margin (100%) and solid asset returns (~18%). Weak points are a negative Asset‑MV differential and declining diluted EPS YoY (-8.8%).

Analysis Checks(8/10)

Inventory turnover ratio

Value103.94

Score2/3

Weight5.96%

1M Return1.58%

Gross profit margin (%)

Value100.00

Score3/3

Weight15.02%

1M Return3.89%

Quick ratio

Value2.28

Score2/3

Weight5.95%

1M Return1.58%

Rate of return on total assets (%)

Value18.48

Score3/3

Weight26.83%

1M Return6.03%

Fixed assets turnover ratio

Value7.70

Score2/3

Weight4.85%

1M Return1.28%

Annualized return on total assets (%)

Value18.48

Score3/3

Weight26.83%

1M Return6.03%

Diluted earnings per share (YoY growth rate %)

Value-8.79

Score0/3

Weight3.42%

1M Return0.93%

Asset-MV

Value-0.55

Score0/3

Weight-4.30%

1M Return-1.25%

Current assets / Total assets (%)

Value37.03

Score3/3

Weight8.47%

1M Return2.34%

Current ratio

Value4.32

Score3/3

Weight6.96%

1M Return1.91%

Is MKTX undervalued or overvalued?

MKTX scores 7.28/10 on fundamentals and holds a Discounted valuation at present. Backed by its 19.37% ROE, 29.18% net margin, 23.66 P/E ratio, 5.04 P/B ratio, and -8.64% earnings growth, these metrics solidify its Outperform investment rating.