WallStSmart

MarketAxess Holdings Inc (MKTX)vsRoyal Bank of Canada (RY)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Royal Bank of Canada generates 7618% more annual revenue ($67.15B vs $870.02M). MKTX leads profitability with a 35.2% profit margin vs 33.9%. MKTX appears more attractively valued with a PEG of 1.23. RY earns a higher WallStSmart Score of 63/100 (C+).

MKTX

Buy

62

out of 100

Grade: C+

Growth: 4.0Profit: 9.5Value: 5.7Quality: 7.5
Piotroski: 3/9Altman Z: 3.73

RY

Buy

63

out of 100

Grade: C+

Growth: 7.3Profit: 8.0Value: 5.0Quality: 5.0
Piotroski: 4/9Altman Z: -0.50

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

MKTX5 strengths · Avg: 9.6/10
Profit MarginProfitability
35.2%10/10

Keeps 35 of every $100 in revenue as profit

Operating MarginProfitability
41.9%10/10

Strong operational efficiency at 41.9%

Altman Z-ScoreHealth
3.7310/10

Safe zone — low bankruptcy risk

Return on EquityProfitability
26.0%9/10

Every $100 of equity generates 26 in profit

Debt/EquityHealth
0.149/10

Conservative balance sheet, low leverage

RY4 strengths · Avg: 9.5/10
Market CapQuality
$291.55B10/10

Mega-cap, among the largest globally

Profit MarginProfitability
33.9%10/10

Keeps 34 of every $100 in revenue as profit

Operating MarginProfitability
46.4%10/10

Strong operational efficiency at 46.4%

Price/BookValuation
2.9x8/10

Reasonable price relative to book value

Areas to Watch

MKTX3 concerns · Avg: 3.0/10
EPS GrowthGrowth
1.0%4/10

1.0% earnings growth

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Revenue GrowthGrowth
-0.5%2/10

Revenue declined 0.5%

RY4 concerns · Avg: 2.3/10
PEG RatioValuation
2.354/10

Expensive relative to growth rate

Free Cash FlowQuality
$-28.67B2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
-0.502/10

Distress zone — elevated risk

Debt/EquityHealth
2.881/10

Elevated debt levels

Comparative Analysis Report

WallStSmart Research

Bull Case : MKTX

The strongest argument for MKTX centers on Profit Margin, Operating Margin, Altman Z-Score. Profitability is solid with margins at 35.2% and operating margin at 41.9%. PEG of 1.23 suggests the stock is reasonably priced for its growth.

Bull Case : RY

The strongest argument for RY centers on Market Cap, Profit Margin, Operating Margin. Profitability is solid with margins at 33.9% and operating margin at 46.4%.

Bear Case : MKTX

The primary concerns for MKTX are EPS Growth, Piotroski F-Score, Revenue Growth.

Bear Case : RY

The primary concerns for RY are PEG Ratio, Free Cash Flow, Altman Z-Score. Debt-to-equity of 2.88 is elevated, increasing financial risk.

Key Dynamics to Monitor

MKTX profiles as a declining stock while RY is a mature play — different risk/reward profiles.

RY carries more volatility with a beta of 0.92 — expect wider price swings.

RY is growing revenue faster at 8.9% — sustainability is the question.

MKTX generates stronger free cash flow (15M), providing more financial flexibility.

Bottom Line

RY scores higher overall (63/100 vs 62/100), backed by strong 33.9% margins. Both earn "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.

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.

Royal Bank of Canada

FINANCIAL SERVICES · BANKS - DIVERSIFIED · USA

Royal Bank of Canada is a globally diversified financial services company. The company is headquartered in Toronto, Canada.

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