WallStSmart

Miami International Holdings, Inc. (MIAX)vsMorgan Stanley (MS)

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Smart Verdict

WallStSmart Research — data-driven comparison

Morgan Stanley generates 5341% more annual revenue ($79.79B vs $1.47B). MS leads profitability with a 25.6% profit margin vs 9.7%. MS trades at a lower P/E of 14.3x. MS earns a higher WallStSmart Score of 72/100 (B).

MIAX

Buy

60

out of 100

Grade: C+

Growth: 8.7Profit: 7.0Value: 4.7Quality: 8.0
Piotroski: 4/9Altman Z: 2.34

MS

Strong Buy

72

out of 100

Grade: B

Growth: 7.3Profit: 8.0Value: 5.7Quality: 4.5
Piotroski: 5/9Altman Z: 0.38

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

MIAX5 strengths · Avg: 8.4/10
Debt/EquityHealth
0.0010/10

Conservative balance sheet, low leverage

Price/BookValuation
2.7x8/10

Reasonable price relative to book value

Operating MarginProfitability
23.4%8/10

Strong operational efficiency at 23.4%

Revenue GrowthGrowth
18.3%8/10

18.3% revenue growth

EPS GrowthGrowth
32.7%8/10

Earnings expanding 32.7% YoY

MS5 strengths · Avg: 9.0/10
Market CapQuality
$283.60B10/10

Mega-cap, among the largest globally

Operating MarginProfitability
39.9%10/10

Strong operational efficiency at 39.9%

Profit MarginProfitability
25.6%9/10

Keeps 26 of every $100 in revenue as profit

P/E RatioValuation
14.3x8/10

Attractively priced relative to earnings

Price/BookValuation
2.8x8/10

Reasonable price relative to book value

Areas to Watch

MIAX1 concerns · Avg: 4.0/10
P/E RatioValuation
30.9x4/10

Premium valuation, high expectations priced in

MS2 concerns · Avg: 3.0/10
PEG RatioValuation
1.764/10

Expensive relative to growth rate

Altman Z-ScoreHealth
0.382/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : MIAX

The strongest argument for MIAX centers on Debt/Equity, Price/Book, Operating Margin. Revenue growth of 18.3% 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 25.6% and operating margin at 39.9%. Revenue growth of 10.8% demonstrates continued momentum.

Bear Case : MIAX

The primary concerns for MIAX are P/E Ratio.

Bear Case : MS

The primary concerns for MS are PEG Ratio, Altman Z-Score.

Key Dynamics to Monitor

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

MIAX is growing revenue faster at 18.3% — sustainability is the question.

Monitor CAPITAL MARKETS industry trends, competitive dynamics, and regulatory changes.

Bottom Line

MS scores higher overall (72/100 vs 60/100), backed by strong 25.6% margins and 10.8% revenue growth. Both earn "Strong Buy" and "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.

Miami International Holdings, Inc.

FINANCIAL SERVICES · CAPITAL MARKETS · USA

Miami International Holdings, Inc. (MIAX) is a prominent player in the global financial services sector, recognized for operating the Miami International Exchange, which serves institutional investors in the options and derivatives markets. The company's commitment to leveraging advanced technology significantly enhances trading efficiency while addressing the evolving needs of its clients. MIAX emphasizes innovation, stringent risk management, and regulatory compliance, establishing itself as a trustworthy and competitive exchange in a dynamic marketplace. This strategic positioning allows MIAX to attract a diverse array of liquidity providers, strengthening its role in financial ecosystems worldwide.

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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