Miami International (MIAX)
Market Price (3/17/2026): $39.69 | Market Cap: $3.2 BilSector: Financials | Industry: Diversified Capital Markets
Miami International (MIAX)
Market Price (3/17/2026): $39.69Market Cap: $3.2 BilSector: FinancialsIndustry: Diversified Capital Markets
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -13% | Weak multi-year price returns2Y Excs Rtn is -2.4%, 3Y Excs Rtn is -43% | Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.2% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% | Key risksMIAX key risks include [1] regulatory changes neutralizing its technological edge, Show more. | |
| Low stock price volatilityVol 12M is 41% | ||
| Megatrend and thematic driversMegatrends include AI in Financial Services, Cybersecurity, and Markets & Betting. Themes include Algorithmic Trading, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -13% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12% |
| Low stock price volatilityVol 12M is 41% |
| Megatrend and thematic driversMegatrends include AI in Financial Services, Cybersecurity, and Markets & Betting. Themes include Algorithmic Trading, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -2.4%, 3Y Excs Rtn is -43% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.2% |
| Key risksMIAX key risks include [1] regulatory changes neutralizing its technological edge, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Miami International (MIAX) stock has lost about 15% since 11/30/2025 because of the following key factors:
1. Miami International Holdings, Inc. (MIAX) faced investor uncertainty regarding its long-term profitability and revenue growth despite reporting strong adjusted financial results for Q4 2025. While adjusted diluted EPS for Q4 2025 was $0.52, significantly beating the forecasted $0.33, the company reported a GAAP diluted EPS loss of ($1.00) for the full year 2025 and a trailing twelve-month EPS loss of ($0.82) on $1.4 billion revenue. Analyst forecasts project a potential revenue decline of approximately 24.3% per year over the next three years, raising concerns about sustaining profitability.
2. The company experienced mixed trading volume trends and declining market share in key segments. While MIAX options exchanges saw a 46.5% year-over-year increase in average daily volume (ADV) in Q4 2025, reaching a market share record of 18.2%, other segments showed weakness. Specifically, November 2025 options ADV decreased by 16.4% from October 2025, and MIAX Futures ADV declined by 23.2% year-over-year in November 2025 and 38.5% year-over-year in February 2026. Additionally, MIAX Pearl's equities market share dropped from 1.1% to 0.9% in February 2026, and revenue per contract (RPC) decreased slightly from 10.3¢ to 10.0¢. These shifts suggest challenges in maintaining consistent growth and market penetration across all trading platforms.
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1. Miami International Holdings, Inc. (MIAX) faced investor uncertainty regarding its long-term profitability and revenue growth despite reporting strong adjusted financial results for Q4 2025. While adjusted diluted EPS for Q4 2025 was $0.52, significantly beating the forecasted $0.33, the company reported a GAAP diluted EPS loss of ($1.00) for the full year 2025 and a trailing twelve-month EPS loss of ($0.82) on $1.4 billion revenue. Analyst forecasts project a potential revenue decline of approximately 24.3% per year over the next three years, raising concerns about sustaining profitability.
2. The company experienced mixed trading volume trends and declining market share in key segments. While MIAX options exchanges saw a 46.5% year-over-year increase in average daily volume (ADV) in Q4 2025, reaching a market share record of 18.2%, other segments showed weakness. Specifically, November 2025 options ADV decreased by 16.4% from October 2025, and MIAX Futures ADV declined by 23.2% year-over-year in November 2025 and 38.5% year-over-year in February 2026. Additionally, MIAX Pearl's equities market share dropped from 1.1% to 0.9% in February 2026, and revenue per contract (RPC) decreased slightly from 10.3¢ to 10.0¢. These shifts suggest challenges in maintaining consistent growth and market penetration across all trading platforms.
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Stock Movement Drivers
Fundamental Drivers
The -13.4% change in MIAX stock from 11/30/2025 to 3/16/2026 was primarily driven by a -13.2% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 11302025 | 3162026 | Change |
|---|---|---|---|
| Stock Price ($) | 45.61 | 39.49 | -13.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,319 | 1,364 | 3.5% |
| P/S Multiple | 2.4 | 2.3 | -3.5% |
| Shares Outstanding (Mil) | 70 | 81 | -13.2% |
| Cumulative Contribution | -13.4% |
Market Drivers
11/30/2025 to 3/16/2026| Return | Correlation | |
|---|---|---|
| MIAX | -13.4% | |
| Market (SPY) | -2.1% | 18.9% |
| Sector (XLF) | -7.6% | 32.4% |
Fundamental Drivers
The 5.1% change in MIAX stock from 8/31/2025 to 3/16/2026 was primarily driven by a 19.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 8312025 | 3162026 | Change |
|---|---|---|---|
| Stock Price ($) | 37.58 | 39.49 | 5.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,140 | 1,364 | 19.6% |
| P/S Multiple | 2.6 | 2.3 | -10.6% |
| Shares Outstanding (Mil) | 79 | 81 | -1.7% |
| Cumulative Contribution | 5.1% |
Market Drivers
8/31/2025 to 3/16/2026| Return | Correlation | |
|---|---|---|
| MIAX | 5.1% | |
| Market (SPY) | 4.0% | 20.6% |
| Sector (XLF) | -8.4% | 31.7% |
Fundamental Drivers
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Market Drivers
2/28/2025 to 3/16/2026| Return | Correlation | |
|---|---|---|
| MIAX | ||
| Market (SPY) | 13.6% | 16.9% |
| Sector (XLF) | -4.5% | 29.3% |
Fundamental Drivers
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Market Drivers
2/28/2023 to 3/16/2026| Return | Correlation | |
|---|---|---|
| MIAX | ||
| Market (SPY) | 75.1% | 16.9% |
| Sector (XLF) | 44.3% | 29.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MIAX Return | - | - | - | - | 44% | -13% | 25% |
| Peers Return | 38% | -15% | 25% | 20% | 22% | 5% | 123% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -3% | 77% |
Monthly Win Rates [3] | |||||||
| MIAX Win Rate | - | - | - | - | 80% | 33% | |
| Peers Win Rate | 58% | 38% | 65% | 52% | 67% | 42% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| MIAX Max Drawdown | - | - | - | - | 0% | -14% | |
| Peers Max Drawdown | -3% | -27% | -9% | -5% | -6% | -8% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -3% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ICE, CME, NDAQ, CBOE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/16/2026 (YTD)
How Low Can It Go
MIAX has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -26.9% | -25.4% |
| % Gain to Breakeven | 36.7% | 34.1% |
| Time to Breakeven | 525 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -43.3% | -33.9% |
| % Gain to Breakeven | 76.5% | 51.3% |
| Time to Breakeven | 295 days | 148 days |
| 2018 Correction | ||
| % Loss | -26.1% | -19.8% |
| % Gain to Breakeven | 35.2% | 24.7% |
| Time to Breakeven | 338 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -83.7% | -56.8% |
| % Gain to Breakeven | 515.2% | 131.3% |
| Time to Breakeven | 4,470 days | 1,480 days |
Compare to ICE, CME, NDAQ, CBOE
In The Past
SPDR Select Sector Fund's stock fell -26.9% during the 2022 Inflation Shock from a high on 1/12/2022. A -26.9% loss requires a 36.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Miami International (MIAX)
We are a technology-driven leader in building and operating regulated financial marketplaces across multiple asset classes and geographies. Our MIAX Exchanges, MIAX Futures and BSX marketplaces are enabled by our in-house built, proprietary technology. We believe the speed and performance of our proprietary technology coupled with our fully integrated, award-winning customer service, sets us apart from our competitors. Our MIAX Exchange trading platform was originally built to meet the high-performance quoting demands of the U.S. options trading industry. We are regarded as a market leader relative to many of our peers with respect to our technology, based on feedback from our customers. We differentiate our trading platform with our throughput, latency, reliability and wire-order determinism. We maintain a broad portfolio of U.S. exchange and clearing licenses, in both securities and futures. We operate markets across a diverse number of asset classes including options and cash equities as well as futures and options on futures. Our markets currently include: options on our exchanges regulated by the Securities and Exchange Commission (the “SEC”) through MIAX Options®, MIAX Pearl®, MIAX Emerald®, and MIAX Sapphire™; U.S. equities through MIAX Pearl Equities — also regulated by the SEC; U.S. futures and options on futures through MIAX Futures Exchange, LLC (“MIAX Futures,” formerly the Minneapolis Grain Exchange, LLC (“MGEX”)), which is regulated by the Commodity Futures Trading Commission (the “CFTC”); and international listings through The Bermuda Stock Exchange (“BSX”), which is regulated by the Bermuda Monetary Authority (the “BMA”), and The International Stock Exchange Group Limited (“TISEG”), which via its subsidiary, The International Stock Exchange Authority Limited (“TISEA”), is regulated by the Guernsey Financial Services Commission (“GFSC”). We also own Dorman Trading, LLC (“Dorman Trading”), a full-service Futures Commission Merchant (“FCM”) registered with the CFTC and the National Futures Association (“NFA”) and LedgerX LLC d/b/a MIAX Derivatives Exchange (“MIAXdx”), which is regulated by the CFTC, where we have the ability to list for trading fully collateralized U.S. futures, options on futures and swaps. We entered into a master index services license agreement in July 2024 (the “Bloomberg License Agreement”) with Bloomberg Index Services Limited (“Bloomberg”) to develop a suite of proprietary products, including index futures, options on futures, and cash index options, based on Bloomberg’s portfolio of indexes as agreed to by the parties from time to time (the “Bloomberg Products”). Pursuant to a service schedule product license entered into in July 2024 (the “Service Schedule”) under the Bloomberg License Agreement, we have a ten year exclusive license to list futures, options on futures, and cash-settled index options on (i) the Bloomberg 500 Index (the “B500 Index”) and (ii) the Bloomberg US Large Cap Volatility Index (the “B500 Volatility Index”). We have the right to list these proprietary products on any of our affiliated U.S. exchanges in North and South America. The ten-year term under the Service Schedule does not expire until the tenth anniversary of the date the first product is listed. The Service Schedule also provides for automatic three-year renewal terms, provided certain minimum revenue thresholds are met. The first Bloomberg Products we plan to exclusively list are futures and cash-settled index options on the B500 Index. We expect to launch futures on the B500 Index in the fourth quarter of 2025 or in the first quarter of 2026 on MIAX Futures, cash-settled index options on the B500 Index in the first half of 2026 on MIAX Options, and options on futures on the B500 Index on MIAX Futures targeted for the second half of 2026, subject to certain regulatory filings. We plan to have the Bloomberg Products cleared at The Options Clearing Corporation (“OCC”), also subject to certain regulatory filings. We currently list Hard Red Spring Wheat futures and options on futures contracts on MIAX Futures. We offer clearing services for U.S. futures and options on futures through the MIAX Futures derivatives clearing organization license (“MIAX Futures Clearing”), and may offer clearing for fully collateralized futures, options on futures and swaps through the MIAXdx derivatives clearing organization license (“MIAXdx Clearing”). In addition to the Bloomberg Products, we are developing other new products for our markets and plan to expand our suite of proprietary and other products on MIAX Futures and MIAXdx, and may enter into additional clearing as a service agreements with other futures markets. New MIAX Futures products will be traded on our own MIAX Futures Onyx trading system (“MIAX Futures Onyx”), which we launched on June 29, 2025. Since launching our first options exchange in 2012, MIAX has grown to be the 14th largest global derivatives exchange operator as of June 30, 2025, as measured by the total number of futures and options contracts traded on exchanges as reported by the Futures Industry Association (the “FIA”). In 2024, trading in multi-listed U.S. options on our MIAX Exchanges totaled 1.69 billion contracts, a 6.5% increase from the 2023 total and a 30.1% increase from the 2022 total. Total volume of futures and options on futures on the MIAX Futures exchange reached 3.2 million contracts in 2024, an increase of 10.2% from the 2023 total and a 3.2% decrease from the 2022 total. For the six months ended June 30, 2025, trading in multi-listed U.S. options on our exchanges totaled 1.1 billion contracts, a 30.5% increase from the same period in 2024. Total volume of futures and options on futures on the MIAX Futures exchange was 2.2 million contracts for the six months ended June 30, 2025, an increase of 36.6% from the same period in 2024. MIAX has a strong track record of organic growth. By increasing scale and launching new marketplaces, we have been able to substantially grow our transaction volume. Our average daily volume in U.S. options on the MIAX Exchanges increased from 1.0 million contracts in 2015 to 6.7 million contracts in 2024, a compound annual growth rate of 23.5%. Our average daily volume in U.S. options on the MIAX Exchanges in 2024 was 6.7 million contracts, as compared to 6.3 million contracts in 2023 and 5.2 million contracts in 2022. For the six months ended June 30, 2025, our average daily volume in U.S. options on the MIAX Exchanges was 8.7 million contracts, as compared to 6.5 million contracts in the same period in 2024. Our revenue consists primarily of transaction fees, access fees, and market data fees related to transactions executed on our exchanges. Our principal executive offices are located in Princeton, New Jersey.
AI Analysis | Feedback
A fast-growing, tech-driven financial exchange operator, similar to a modern **CME Group** or **Nasdaq**.
The global infrastructure provider for trading various financial products, akin to a specialized and agile **Intercontinental Exchange (ICE)**.
AI Analysis | Feedback
- U.S. Options Exchanges: Miami International operates multiple regulated platforms for the trading of U.S. options contracts.
- U.S. Equities Exchange: The company operates a regulated platform dedicated to the trading of U.S. cash equities.
- Futures and Options on Futures Exchanges: Miami International operates regulated U.S. and international exchanges for trading futures and options on futures, including agricultural commodities and proprietary index products.
- Proprietary Bloomberg Index Products: The company offers exclusive listings of futures, options on futures, and cash-settled index options based on specific Bloomberg indexes.
- Fully Collateralized Derivatives Trading Platform: MIAX provides a regulated platform for listing and trading fully collateralized U.S. futures, options on futures, and swaps.
- Derivatives Clearing Services: The company offers clearing services for U.S. futures, options on futures, and potentially fully collateralized derivatives through its affiliated clearing organizations.
- Futures Commission Merchant (FCM) Services: Through its subsidiary Dorman Trading, Miami International provides full-service brokerage for futures and options on futures.
AI Analysis | Feedback
Miami International (MIAX) operates regulated financial marketplaces and primarily serves other companies, specifically financial institutions, rather than individual retail investors directly.
The provided company description does not explicitly name specific major customer companies or include their symbols. However, based on MIAX's business model and revenue streams (transaction fees, access fees, and market data fees related to transactions executed on its exchanges), its major customers are typically financial institutions such as:
- Broker-dealers
- Market Makers
- Proprietary Trading Firms
- Futures Commission Merchants (FCMs)
These types of firms are the direct participants who connect to MIAX's exchanges to execute trades, provide liquidity, and consume market data.
AI Analysis | Feedback
Thomas P. Gallagher, Chairman and Chief Executive Officer
Thomas P. Gallagher is one of the principal founders of Miami International Holdings (MIH) and the MIAX Exchanges, having served as Chairman of the Board of Directors of MIH and the MIAX Exchanges since 2008 and as Chief Executive Officer since 2012. Prior to joining the company full-time in December 2012, Mr. Gallagher was a founding partner of the law firm Gallagher, Briody & Butler, a corporate and securities law firm. He has been instrumental in sourcing capital for MIH and assembling its team of seasoned industry professionals. Under his leadership, MIAX has grown from a single options exchange to a global exchange group operating eight exchanges across options, futures, and equities. He also serves as Chairman and Chief Executive Officer for several MIAX subsidiaries.
Lance Emmons, Executive Vice President, Chief Financial Officer
Lance Emmons has served as the Company's Executive Vice President, Chief Financial Officer since March 2020. Before joining MIAX, he held Chief Financial Officer positions at several startups, including Princeton Identity from June 2018 to April 2019. From March 2004 to December 2016, Mr. Emmons worked at International Securities Exchange, where his most recent role was Senior Vice President, Finance and Administration, Controller.
Shelly Brown, Executive Vice President, Chief Strategy Officer
Shelly Brown was appointed Executive Vice President, Chief Strategy Officer in November 2025 and also serves as Chief Executive Officer for MIAX Futures. He previously held the role of Executive Vice President, Strategic Planning and Business Development from April 2011 until November 2025. Mr. Brown joined the company in 2011 and has significantly contributed to the growth of its options business. Before his time at MIAX, he was the Director of Business Management for PEAK6 Investments, a Chicago-based trading firm, where he led options execution from September 2009 to February 2011.
Barbara J. Comly, Executive Vice President, General Counsel and Corporate Secretary
Barbara J. Comly holds the position of Executive Vice President, General Counsel and Corporate Secretary at MIAX.
Edward Deitzel, Executive Vice President, Chief Regulatory Officer and Chief Compliance Officer
Edward Deitzel is the Executive Vice President, Chief Regulatory Officer, and Chief Compliance Officer for the MIAX Exchanges. He has served as Chief Regulatory Officer since March 2009 and as Chief Compliance Officer for the MIAX Exchanges since October 2015. Prior to joining MIH, Mr. Deitzel held various surveillance positions at the Philadelphia Stock Exchange from January 1997 through March 2009.
AI Analysis | Feedback
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- Reliance on Success of Bloomberg Products and License Renewal: Miami International has a ten-year exclusive license agreement with Bloomberg to develop and list proprietary products based on Bloomberg indexes, such as futures and cash-settled index options on the B500 Index. The continuity of this license beyond the initial term is contingent upon meeting "certain minimum revenue thresholds." Failure to successfully launch these products on schedule, achieve sufficient market acceptance, or meet the specified revenue targets could lead to the non-renewal of this exclusive agreement, significantly impacting the company's planned future growth and product expansion strategy.
- Competitive Market and Technology Dependency: The company operates in a highly competitive global derivatives exchange market and relies heavily on its proprietary technology for speed, performance, and differentiation. A key risk is the potential for competitors to develop superior technology, or for MIAX's technology to fail or become obsolete, which could erode its competitive advantage, market share, and transaction volumes. Furthermore, revenue is primarily derived from transaction, access, and market data fees, making the business susceptible to declines in overall trading activity due to market conditions or increased competition.
- Regulatory and Compliance Risks: As a financial market infrastructure provider operating multiple exchanges and clearing services regulated by various authorities (including the SEC, CFTC, BMA, and GFSC), Miami International faces significant regulatory risk. Changes in financial market regulations, difficulties in obtaining or maintaining necessary licenses and approvals for existing and new products (such as the planned Bloomberg Products), or increased compliance costs could adversely affect its operations and financial performance.
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Miami International (MIAX) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives and the continued strength of its existing markets.
Here are 3-5 expected drivers of future revenue growth:
- Exclusive Launch of Bloomberg-Indexed Proprietary Products: A significant driver will be the rollout of new proprietary products under a ten-year exclusive license agreement with Bloomberg. This includes futures and cash-settled index options on the Bloomberg 500 Index (B500 Index) and the Bloomberg US Large Cap Volatility Index (B500 Volatility Index). The company expects to launch futures on the B500 Index in the fourth quarter of 2025 or the first quarter of 2026 on MIAX Futures, followed by cash-settled index options on the B500 Index in the first half of 2026 on MIAX Options, and options on futures on the B500 Index targeted for the second half of 2026 on MIAX Futures.
- Expansion of Proprietary and Other Products on MIAX Futures and MIAXdx: Beyond the Bloomberg products, MIAX is actively developing and plans to expand its suite of other proprietary products on MIAX Futures and MIAXdx. This includes the potential to enter into additional clearing as a service agreements with other futures markets, further diversifying its product offerings and revenue streams.
- Sustained Organic Growth in U.S. Options and Futures Markets: MIAX has a strong track record of organic growth, substantially increasing transaction volume by scaling its operations and launching new marketplaces. This trend is expected to continue, building on the significant increases observed in trading volumes for multi-listed U.S. options (30.5% increase in H1 2025 compared to H1 2024) and futures and options on futures on the MIAX Futures exchange (36.6% increase in H1 2025 compared to H1 2024). The launch of the MIAX Futures Onyx trading system in June 2025 is also expected to support growth in new MIAX Futures products.
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No information is available regarding capital allocation decisions for Miami International (MIAX) within the requested categories for the last 3-5 years in the provided text.Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Miami International Earnings Notes | 12/27/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to MIAX.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02282026 | NDAQ | Nasdaq | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02272026 | JEF | Jefferies Financial | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | PAYO | Payoneer Global | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | FOUR | Shift4 Payments | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02202026 | COIN | Coinbase Global | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 2.6% | 2.6% | -6.5% |
| 08312025 | MIAX | Miami International | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 13.4% | 13.4% | -7.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 160.97 |
| Mkt Cap | 49.0 |
| Rev LTM | 6,521 |
| Op Inc LTM | 2,431 |
| FCF LTM | 1,989 |
| FCF 3Y Avg | 1,753 |
| CFO LTM | 2,255 |
| CFO 3Y Avg | 1,963 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.7% |
| Rev Chg 3Y Avg | 9.7% |
| Rev Chg Q | 8.1% |
| QoQ Delta Rev Chg LTM | 1.9% |
| Op Mgn LTM | 32.1% |
| Op Mgn 3Y Avg | 29.7% |
| QoQ Delta Op Mgn LTM | 1.0% |
| CFO/Rev LTM | 36.9% |
| CFO/Rev 3Y Avg | 30.9% |
| FCF/Rev LTM | 30.6% |
| FCF/Rev 3Y Avg | 29.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 49.0 |
| P/S | 6.5 |
| P/EBIT | 18.9 |
| P/E | 27.6 |
| P/CFO | 19.6 |
| Total Yield | 4.8% |
| Dividend Yield | 1.2% |
| FCF Yield 3Y Avg | 4.3% |
| D/E | 0.1 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 6.0% |
| 3M Rtn | -0.3% |
| 6M Rtn | 6.0% |
| 12M Rtn | 26.0% |
| 3Y Rtn | 71.8% |
| 1M Excs Rtn | 9.4% |
| 3M Excs Rtn | 1.6% |
| 6M Excs Rtn | 3.7% |
| 12M Excs Rtn | 4.1% |
| 3Y Excs Rtn | -3.8% |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Stahl, Murray | Horizon Kinetics Asset Management LLC | Buy | 12152025 | 41.00 | 2,439 | 99,999 | 186,974,924 | Form | |
| 2 | Stahl, Murray | Horizon Kinetics Asset Management LLC | Buy | 10062025 | 41.97 | 2 | 84 | 191,296,112 | Form | |
| 3 | Stahl, Murray | Horizon Kinetics Asset Management LLC | Buy | 9302025 | 41.76 | 4 | 167 | 190,338,864 | Form | |
| 4 | Stahl, Murray | Horizon Kinetics Asset Management LLC | Buy | 9302025 | 36.10 | 34,470 | 1,244,367 | 164,540,876 | Form | |
| 5 | Emmons, Lance | EVP and CFO | son | Buy | 8182025 | 31.44 | 4 | 126 | 126 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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