WallStSmart

MarketAxess Holdings Inc (MKTX)vsTradeweb Markets Inc (TW)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Tradeweb Markets Inc generates 142% more annual revenue ($2.05B vs $846.27M). TW leads profitability with a 39.6% profit margin vs 29.1%. MKTX appears more attractively valued with a PEG of 1.46. TW earns a higher WallStSmart Score of 67/100 (B-).

MKTX

Strong Buy

67

out of 100

Grade: B-

Growth: 6.7Profit: 9.0Value: 10.0Quality: 7.3
Piotroski: 4/9Altman Z: 4.93

TW

Strong Buy

67

out of 100

Grade: B-

Growth: 8.0Profit: 8.5Value: 7.3Quality: 7.8
Piotroski: 5/9Altman Z: 5.64
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

MKTXUndervalued (+42.6%)

Margin of Safety

+42.6%

Fair Value

$311.22

Current Price

$166.11

$145.11 discount

UndervaluedFair: $311.22Overvalued
TWUndervalued (+34.8%)

Margin of Safety

+34.8%

Fair Value

$176.44

Current Price

$119.95

$56.49 discount

UndervaluedFair: $176.44Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

MKTX4 strengths · Avg: 9.3/10
Operating MarginProfitability
36.8%10/10

Strong operational efficiency at 36.8%

Altman Z-ScoreHealth
4.9310/10

Safe zone — low bankruptcy risk

Profit MarginProfitability
29.1%9/10

Keeps 29 of every $100 in revenue as profit

EPS GrowthGrowth
45.3%8/10

Earnings expanding 45.3% YoY

TW4 strengths · Avg: 10.0/10
Profit MarginProfitability
39.6%10/10

Keeps 40 of every $100 in revenue as profit

Operating MarginProfitability
42.4%10/10

Strong operational efficiency at 42.4%

EPS GrowthGrowth
128.8%10/10

Earnings expanding 128.8% YoY

Altman Z-ScoreHealth
5.6410/10

Safe zone — low bankruptcy risk

Areas to Watch

MKTX2 concerns · Avg: 4.0/10
P/E RatioValuation
25.1x4/10

Moderate valuation

Revenue GrowthGrowth
3.5%4/10

3.5% revenue growth

TW2 concerns · Avg: 3.0/10
P/E RatioValuation
32.7x4/10

Premium valuation, high expectations priced in

PEG RatioValuation
2.972/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : MKTX

The strongest argument for MKTX centers on Operating Margin, Altman Z-Score, Profit Margin. Profitability is solid with margins at 29.1% and operating margin at 36.8%. PEG of 1.46 suggests the stock is reasonably priced for its growth.

Bull Case : TW

The strongest argument for TW centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 39.6% and operating margin at 42.4%. Revenue growth of 12.5% demonstrates continued momentum.

Bear Case : MKTX

The primary concerns for MKTX are P/E Ratio, Revenue Growth.

Bear Case : TW

The primary concerns for TW are P/E Ratio, PEG Ratio.

Key Dynamics to Monitor

MKTX profiles as a value stock while TW is a mature play — different risk/reward profiles.

MKTX carries more volatility with a beta of 0.97 — expect wider price swings.

TW is growing revenue faster at 12.5% — sustainability is the question.

TW generates stronger free cash flow (337M), providing more financial flexibility.

Bottom Line

MKTX scores higher overall (67/100 vs 67/100), backed by strong 29.1% margins. TW offers better value entry with a 34.8% margin of safety. 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.

Tradeweb Markets Inc

FINANCIAL SERVICES · CAPITAL MARKETS · USA

Tradeweb Markets Inc. creates and operates electronic marketplaces in the Americas, Europe, the Middle East, Africa, Asia Pacific and internationally.

Want to dig deeper into these stocks?