MarketAxess Holdings [MKTX] vs Morgan Stanley [MS] Detailed Stock Comparison

MarketAxess Holdings Inc.

NASDAQ
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Morgan Stanley

NYSE
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TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: MarketAxess Holdings Inc. wins in 7 metrics, Morgan Stanley wins in 12 metrics, with 0 ties. Morgan Stanley appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric MarketAxess Holdings Inc. Morgan Stanley Better
P/E Ratio (TTM) 24.75 17.31 Morgan Stanley
Price-to-Book Ratio 5.13 2.97 Morgan Stanley
Debt-to-Equity Ratio 24.60 455.75 MarketAxess Holdings Inc.
PEG Ratio 0.55 0.53 Morgan Stanley
EV/EBITDA 13.03 N/A N/A
Profit Margin (TTM) 29.14% 24.75% MarketAxess Holdings Inc.
Operating Margin (TTM) 36.82% 40.62% Morgan Stanley
EBITDA Margin (TTM) 36.82% 40.62% Morgan Stanley
Return on Equity 19.39% 14.42% MarketAxess Holdings Inc.
Return on Assets (TTM) 11.64% 1.14% MarketAxess Holdings Inc.
Free Cash Flow (TTM) $324.13M $-20.79B MarketAxess Holdings Inc.
Dividend Yield 2.15% 2.15% MarketAxess Holdings Inc.
1-Year Return -46.33% 65.29% Morgan Stanley
Price-to-Sales Ratio (TTM) 7.22 4.15 Morgan Stanley
Enterprise Value $5.52B $225.65B Morgan Stanley
EV/Revenue Ratio 6.52 3.08 Morgan Stanley
Gross Profit Margin (TTM) 58.80% N/A N/A
Revenue per Share (TTM) $23 $47 Morgan Stanley
Earnings per Share (Diluted) $6.64 $11.04 Morgan Stanley
Beta (Stock Volatility) 1.00 1.18 MarketAxess Holdings Inc.
Short % of Float 6.58% 0.00% Morgan Stanley

MarketAxess Holdings Inc. vs Morgan Stanley Stock Performance Analysis

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MKTX
MS

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
MarketAxess Holdings Inc.0.09%4.16%-12.60%-32.90%-32.48%-32.23%
Morgan Stanley1.84%2.70%13.23%40.00%22.61%19.84%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
MarketAxess Holdings Inc.-46.33%-56.38%-73.11%-13.95%436.34%1,000.00%
Morgan Stanley65.29%142.98%154.54%745.67%837.54%275.57%

Performance & Financial Health Analysis: MarketAxess Holdings Inc. vs Morgan Stanley

MetricMKTXMS
Market Information
Market Cap i$6.08B$299.55B
Market Cap CategoryMid capMega cap
10 Day Avg. Volume i392,3726,501,123
90 Day Avg. Volume i444,2416,965,138
Last Close$121.00$217.98
52 Week Range$113.29 - $226.64$129.66 - $220.60
% from 52W High-46.61%-1.19%
All-Time High$606.45 (Nov 09, 2020)$220.60 (Jun 15, 2026)
% from All-Time High-80.05%-1.19%
Growth Metrics
Quarterly Revenue Growth0.04%0.16%
Quarterly Earnings Growth0.42%0.29%
Financial Health
Profit Margin (TTM) i0.29%0.25%
Operating Margin (TTM) i0.37%0.41%
Return on Equity (TTM) i0.19%0.14%
Debt to Equity (MRQ) i24.60455.75
Cash & Liquidity
Book Value per Share (MRQ)$32.02$64.37
Cash per Share (MRQ)$17.46$379.99
Operating Cash Flow (TTM) i$382.14M$-95,740,000,000
Levered Free Cash Flow (TTM) i$224.41M$16.25B
Dividends
Last 12-Month Dividend Yield i2.15%2.15%
Last 12-Month Dividend i$3.82$3.93

Valuation & Enterprise Metrics Analysis: MarketAxess Holdings Inc. vs Morgan Stanley

MetricMKTX (Apr 24, 2026)MS (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i24.7517.31
Forward P/E i17.9815.16
PEG Ratio i0.550.53
Price to Sales (TTM) i7.224.15
Price to Book (MRQ) i5.132.97
Market Capitalization
Market Capitalization i$6.08B$299.55B
Enterprise Value i$5.52B$225.65B
Enterprise Value Metrics
Enterprise to Revenue i6.523.08
Enterprise to EBITDA i13.03N/A
Risk & Other Metrics
Beta i1.001.18
Book Value per Share (MRQ) i$32.02$64.37

Financial Statements Comparison: MarketAxess Holdings Inc. vs Morgan Stanley

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricMKTX (2025)MS (2025)
Revenue/Sales i846.27M65.97B
Cost of Goods Sold i343.41MN/A
COGS % of Revenue i40.6%0.0%
Gross Profit i502.85MN/A
Gross Margin i59.4%0.0%
Research & Development iN/AN/A
Operating Income (EBIT) i341.84MN/A
Operating Margin i40.4%0.0%
EBITDA i452.70MN/A
EBITDA Margin i53.5%0.0%
Pre-Tax Income i367.00M21.95B
Pre-Tax Income % of Revenue i43.4%33.3%
Income Tax i120.08M4.93B
Income Tax % of Revenue i14.2%7.5%
Net Income (Profit) i246.91M17.03B
Profit Margin i29.2%25.8%

Balance Sheet & Liquidity Metrics

MetricMKTX (2025)MS (2025)
Cash & Equivalents i519.73M81.31B
Total Current Assets i1.16BN/A
Total Current Assets % of Revenue i136.9%0.0%
Total Current Liabilities i417.81MN/A
Total Current Liabilities % of Revenue i49.4%0.0%
Long-Term Debt i284.94M349.39B
Long-Term Debt % of Revenue i33.7%529.7%
Total Shareholders Equity i1.16B112.65B
Retained Earnings i1.54B115.09B
Retained Earnings % of Revenue i181.8%174.5%
Property, Plant & Equipment i020.00M

Cash Flow Statement Comparison

MetricMKTX (2025)MS (2025)
Operating Cash Flow i351.03M-95.74B
Operating Cash Flow % of Revenue i41.5%-145.1%
Capital Expenditures i-8.20M-2.90B
Free Cash Flow i324.13M-20.79B
FCF Margin i38.3%-31.5%
Debt Repayment i0-99.39B
Common Stock Repurchase i-420.02M-5.84B

Short Interest & Institutional Ownership Analysis

MetricMKTXMS
Shares Short i2.03M13,702
Short Ratio i4.420.00
Short % of Float i6.58%0.00%
Shares Outstanding i35.78M1.58B
Float Shares i32.28M1.20B
% Held by Insiders i2.50%24.27%
% Held by Institutions i105.73%63.01%
% Held by Public i-8.23%12.72%

Dividend Analysis & Yield Comparison: MarketAxess Holdings Inc. vs Morgan Stanley

MetricMKTXMS
Last 12-Month Dividend i$3.82$3.93
Last 12-Month Dividend Yield i2.15%2.15%
3-Year Avg Annual Dividend i$2.98$3.63
3-Year Avg Dividend Yield i0.35%0.83%
3-Year Total Dividends i$8.94$10.90
Ex-Dividend DateFeb 18, 2026Jan 30, 2026