MKTXMarketAxess Holdings Inc.
$164.58-6.4% 1Y
$164.58
$109.0952 weeks$192.55
Is the business good?
Mixed
1 to watch, 1 neutral, 2 without dataThe checks split: nothing decisive, though margins compressing.
Margin direction, 3 years−3.8 pts
Negative operating leverage, costs are rising faster than sales, squeezing margins as it grows.
Where ROE comes from12% ROA
Margin-driven, fat margins on slower asset turns. ROE 22% = margin × turnover × leverage.
All from derived.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
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