Marketaxess Holdings (MKTX) Ratios
Marketaxess Holdings Ratios
MX:MKTX's free cash flow for Q2 2026 was $14.80M. For the 2026 fiscal year, MX:MKTX's free cash flow was decreased by $-12.01M and operating cash flow was $26.81M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 1.84 | 4.41 | 2.31 | 2.76 | 3.05 |
| Quick Ratio | 1.84 | 4.41 | 2.31 | 2.76 | 3.05 |
| Cash Ratio | 0.89 | 2.10 | 0.77 | 1.11 | 1.49 |
| Solvency Ratio | 0.51 | 0.89 | 0.46 | 0.60 | 0.65 |
| Operating Cash Flow Ratio | 0.65 | 1.48 | 0.57 | 0.75 | 0.83 |
| Short-Term Operating Cash Flow Coverage | 1.74 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Current Asset Value | $ 429.00M | $ 745.38M | $ 623.04M | $ 543.80M | $ 551.17M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.16 | 0.04 | 0.04 | 0.05 | 0.06 |
| Debt-to-Equity Ratio | 0.25 | 0.05 | 0.06 | 0.08 | 0.08 |
| Debt-to-Capital Ratio | 0.20 | 0.05 | 0.06 | 0.07 | 0.08 |
| Long-Term Debt-to-Capital Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial Leverage Ratio | 1.58 | 1.29 | 1.56 | 1.49 | 1.47 |
| Debt Service Coverage Ratio | 1.50 | 222.51 | 169.67 | 454.40 | 378.83 |
| Interest Coverage Ratio | 235.35 | 211.66 | 158.86 | 466.97 | 400.52 |
| Debt to Market Cap | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Debt Per Share | 7.78 | 1.97 | 2.17 | 2.23 | 2.38 |
| Net Debt to EBITDA | -0.52 | -1.07 | -0.90 | -0.86 | -1.06 |
| Profitability Margins | |||||
| Gross Profit Margin | 69.88% | 70.13% | 70.24% | 72.19% | 73.25% |
| EBIT Margin | 43.39% | 44.28% | 44.47% | 47.19% | 47.90% |
| EBITDA Margin | 53.31% | 54.11% | 54.63% | 56.54% | 56.51% |
| Operating Profit Margin | 41.21% | 41.43% | 41.86% | 45.51% | 48.25% |
| Pretax Profit Margin | 43.22% | 44.08% | 44.21% | 47.10% | 47.77% |
| Net Profit Margin | 29.04% | 33.52% | 34.29% | 34.84% | 36.90% |
| Continuous Operations Profit Margin | 29.08% | 33.52% | 34.29% | 34.84% | 36.90% |
| Net Income Per EBT | 67.20% | 76.05% | 77.56% | 73.97% | 77.23% |
| EBT Per EBIT | 104.87% | 106.39% | 105.61% | 103.49% | 99.02% |
| Return on Assets (ROA) | 13.64% | 15.32% | 12.81% | 15.56% | 16.85% |
| Return on Equity (ROE) | 21.53% | 19.74% | 19.96% | 23.15% | 24.77% |
| Return on Capital Employed (ROCE) | 28.61% | 22.16% | 21.99% | 26.79% | 28.35% |
| Return on Invested Capital (ROIC) | 16.31% | 16.85% | 17.05% | 19.82% | 21.90% |
| Return on Tangible Assets | 17.44% | 18.85% | 15.55% | 18.47% | 20.48% |
| Earnings Yield | 3.70% | 3.23% | 2.35% | 2.39% | 1.67% |
| Efficiency Ratios | |||||
| Receivables Turnover | 1.83 | 2.39 | 1.14 | 1.54 | 1.73 |
| Payables Turnover | 1.28 | 6.55 | 6.05 | 3.61 | 2.63 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 7.55 | 4.94 | 4.54 | 4.32 | 4.18 |
| Asset Turnover | 0.47 | 0.46 | 0.37 | 0.45 | 0.46 |
| Working Capital Turnover Ratio | 1.23 | 0.99 | 1.04 | 1.04 | 1.02 |
| Cash Conversion Cycle | -85.52 | 96.83 | 261.05 | 135.75 | 71.78 |
| Days of Sales Outstanding | 199.40 | 152.58 | 321.39 | 236.73 | 210.80 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 284.92 | 55.75 | 60.33 | 100.97 | 139.02 |
| Operating Cycle | 199.40 | 152.58 | 321.39 | 236.73 | 210.80 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 10.38 | 10.25 | 8.89 | 7.72 | 7.52 |
| Free Cash Flow Per Share | 10.16 | 8.74 | 7.49 | 6.33 | 6.17 |
| Dividend Paid and CapEx Coverage Ratio | 3.10 | 2.28 | 2.06 | 1.83 | 1.88 |
| Capital Expenditure Coverage Ratio | 46.58 | 6.81 | 6.36 | 5.58 | 5.57 |
| Operating Cash Flow Coverage Ratio | 1.34 | 5.30 | 4.19 | 3.50 | 3.19 |
| Operating Cash Flow to Sales Ratio | 0.45 | 0.47 | 0.44 | 0.40 | 0.40 |
| Free Cash Flow Yield | 5.60% | 3.87% | 2.56% | 2.27% | 1.50% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 27.21 | 31.01 | 42.61 | 41.76 | 59.82 |
| Price-to-Sales (P/S) Ratio | 7.86 | 10.39 | 14.61 | 14.55 | 22.07 |
| Price-to-Book (P/B) Ratio | 5.82 | 6.12 | 8.50 | 9.67 | 14.81 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 17.84 | 25.86 | 39.08 | 44.02 | 66.64 |
| Price-to-Operating Cash Flow Ratio | 17.46 | 22.06 | 32.94 | 36.13 | 54.68 |
| Price-to-Earnings Growth (PEG) Ratio | -3.15 | 5.07 | 14.98 | -14.37 | -4.24 |
| Enterprise Value Multiple | 14.22 | 18.14 | 25.84 | 24.87 | 37.99 |
| Enterprise Value | 6.44B | 8.03B | 10.62B | 10.10B | 15.01B |
| EV to EBITDA | 14.22 | 18.14 | 25.84 | 24.87 | 37.99 |
| EV to Sales | 7.58 | 9.81 | 14.12 | 14.06 | 21.47 |
| EV to Free Cash Flow | 17.22 | 24.42 | 37.76 | 42.56 | 64.83 |
| EV to Operating Cash Flow | 16.85 | 20.84 | 31.83 | 34.92 | 53.20 |
| Tangible Book Value Per Share | 20.75 | 28.03 | 24.96 | 22.11 | 20.53 |
| Shareholders’ Equity Per Share | 31.12 | 36.93 | 34.44 | 28.85 | 27.76 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.33 | 0.24 | 0.22 | 0.26 | 0.23 |
| Revenue Per Share | 23.07 | 21.75 | 20.04 | 19.17 | 18.63 |
| Net Income Per Share | 6.70 | 7.29 | 6.87 | 6.68 | 6.88 |
| Tax Burden | 0.67 | 0.76 | 0.78 | 0.74 | 0.77 |
| Interest Burden | 1.00 | 1.00 | 0.99 | 1.00 | 1.00 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A to Revenue | 0.00 | 0.00 | 0.09 | 0.17 | 0.16 |
| Stock-Based Compensation to Revenue | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Income Quality | 1.55 | 1.41 | 1.29 | 1.16 | 1.09 |
Currency in USD