WallStSmart

MarketAxess Holdings Inc (MKTX)vsMorgan Stanley (MS)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Morgan Stanley generates 8300% more annual revenue ($73.17B vs $871.07M). MKTX leads profitability with a 35.5% profit margin vs 24.7%. MKTX appears more attractively valued with a PEG of 1.01. MKTX earns a higher WallStSmart Score of 76/100 (B+).

MKTX

Strong Buy

76

out of 100

Grade: B+

Growth: 7.3Profit: 9.5Value: 6.3Quality: 8.5
Piotroski: 3/9Altman Z: 3.73

MS

Strong Buy

71

out of 100

Grade: B

Growth: 9.3Profit: 7.5Value: 4.3Quality: 4.0
Piotroski: 5/9Altman Z: 0.38

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

MKTX6 strengths · Avg: 9.7/10
Profit MarginProfitability
35.5%10/10

Keeps 36 of every $100 in revenue as profit

Operating MarginProfitability
43.9%10/10

Strong operational efficiency at 43.9%

EPS GrowthGrowth
450.0%10/10

Earnings expanding 450.0% YoY

Altman Z-ScoreHealth
3.7310/10

Safe zone — low bankruptcy risk

Return on EquityProfitability
26.0%9/10

Every $100 of equity generates 26 in profit

Debt/EquityHealth
0.259/10

Conservative balance sheet, low leverage

MS5 strengths · Avg: 9.0/10
Market CapQuality
$339.08B10/10

Mega-cap, among the largest globally

Operating MarginProfitability
40.6%10/10

Strong operational efficiency at 40.6%

Profit MarginProfitability
24.7%9/10

Keeps 25 of every $100 in revenue as profit

Revenue GrowthGrowth
16.3%8/10

16.3% revenue growth

EPS GrowthGrowth
31.9%8/10

Earnings expanding 31.9% YoY

Areas to Watch

MKTX2 concerns · Avg: 2.5/10
Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Free Cash FlowQuality
$-75.59M2/10

Negative free cash flow — burning cash

MS4 concerns · Avg: 1.8/10
PEG RatioValuation
2.542/10

Expensive relative to growth rate

Free Cash FlowQuality
$-7.85B2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
0.382/10

Distress zone — elevated risk

Debt/EquityHealth
3.451/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : MKTX

The strongest argument for MKTX centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 35.5% and operating margin at 43.9%. Revenue growth of 11.9% demonstrates continued momentum.

Bull Case : MS

The strongest argument for MS centers on Market Cap, Operating Margin, Profit Margin. Profitability is solid with margins at 24.7% and operating margin at 40.6%. Revenue growth of 16.3% demonstrates continued momentum.

Bear Case : MKTX

The primary concerns for MKTX are Piotroski F-Score, Free Cash Flow.

Bear Case : MS

The primary concerns for MS are PEG Ratio, Free Cash Flow, Altman Z-Score. Debt-to-equity of 3.45 is elevated, increasing financial risk.

Key Dynamics to Monitor

MKTX profiles as a mature stock while MS is a growth play — different risk/reward profiles.

MS carries more volatility with a beta of 1.21 — expect wider price swings.

MS is growing revenue faster at 16.3% — sustainability is the question.

MKTX generates stronger free cash flow (-76M), providing more financial flexibility.

Bottom Line

MKTX scores higher overall (76/100 vs 71/100), backed by strong 35.5% margins and 11.9% revenue growth. Both earn "Strong Buy" and "Strong Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

MarketAxess Holdings Inc

FINANCIAL SERVICES · CAPITAL MARKETS · USA

MarketAxess Holdings Inc. (MarketAxess) is an international financial technology company that operates an electronic trading platform for the institutional credit markets, and also provides market data and post-trade services.

Morgan Stanley

FINANCIAL SERVICES · CAPITAL MARKETS · USA

Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in the Morgan Stanley Building, Midtown Manhattan, New York City.

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