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Side-by-side financial comparison of MarketAxess (MKTX) and STURM RUGER & CO INC (RGR). Click either name above to swap in a different company.
MarketAxess is the larger business by last-quarter revenue ($209.4M vs $151.1M, roughly 1.4× STURM RUGER & CO INC). On growth, STURM RUGER & CO INC posted the faster year-over-year revenue change (3.6% vs 3.5%). MarketAxess produced more free cash flow last quarter ($373.9M vs $12.3M). Over the past eight quarters, STURM RUGER & CO INC's revenue compounded faster (5.1% CAGR vs -0.2%).
MarketAxess Holdings Inc. 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. It enables institutional investors and broker-dealers to trade credit instruments, including corporate bonds, and other types of fixed income products.
Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.
MKTX vs RGR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $209.4M | $151.1M |
| Net Profit | $92.2M | — |
| Gross Margin | — | 17.8% |
| Operating Margin | 36.3% | 2.3% |
| Net Margin | 44.0% | — |
| Revenue YoY | 3.5% | 3.6% |
| Net Profit YoY | 41.6% | — |
| EPS (diluted) | $2.49 | $0.22 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $209.4M | $151.1M | ||
| Q3 25 | $208.8M | $126.8M | ||
| Q2 25 | $219.5M | $132.5M | ||
| Q1 25 | $208.6M | $135.7M | ||
| Q4 24 | $202.4M | $145.8M | ||
| Q3 24 | $206.7M | $122.3M | ||
| Q2 24 | $197.7M | $130.8M | ||
| Q1 24 | $210.3M | $136.8M |
| Q4 25 | $92.2M | — | ||
| Q3 25 | $68.2M | $1.6M | ||
| Q2 25 | $71.1M | $-17.2M | ||
| Q1 25 | $15.1M | $7.8M | ||
| Q4 24 | $65.1M | — | ||
| Q3 24 | $71.5M | $4.7M | ||
| Q2 24 | $64.9M | $8.3M | ||
| Q1 24 | $72.6M | $7.1M |
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 22.8% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 22.3% | ||
| Q1 24 | — | 21.5% |
| Q4 25 | 36.3% | 2.3% | ||
| Q3 25 | 41.0% | -2.7% | ||
| Q2 25 | 41.9% | -15.6% | ||
| Q1 25 | 42.4% | 6.2% | ||
| Q4 24 | 39.5% | 7.8% | ||
| Q3 24 | 42.1% | 3.1% | ||
| Q2 24 | 41.2% | 6.9% | ||
| Q1 24 | 44.0% | 5.5% |
| Q4 25 | 44.0% | — | ||
| Q3 25 | 32.6% | 1.2% | ||
| Q2 25 | 32.4% | -13.0% | ||
| Q1 25 | 7.2% | 5.7% | ||
| Q4 24 | 32.2% | — | ||
| Q3 24 | 34.6% | 3.9% | ||
| Q2 24 | 32.9% | 6.3% | ||
| Q1 24 | 34.5% | 5.2% |
| Q4 25 | $2.49 | $0.22 | ||
| Q3 25 | $1.84 | $0.10 | ||
| Q2 25 | $1.91 | $-1.05 | ||
| Q1 25 | $0.40 | $0.46 | ||
| Q4 24 | $1.74 | $0.62 | ||
| Q3 24 | $1.90 | $0.28 | ||
| Q2 24 | $1.72 | $0.47 | ||
| Q1 24 | $1.92 | $0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $519.7M | $92.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $283.8M |
| Total Assets | $1.9B | $342.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $519.7M | $92.5M | ||
| Q3 25 | $473.3M | $80.8M | ||
| Q2 25 | $462.8M | $101.4M | ||
| Q1 25 | $486.2M | $108.3M | ||
| Q4 24 | $544.5M | $105.5M | ||
| Q3 24 | $446.3M | $96.0M | ||
| Q2 24 | $434.1M | $105.6M | ||
| Q1 24 | $376.7M | $115.3M |
| Q4 25 | $1.1B | $283.8M | ||
| Q3 25 | $1.4B | $279.6M | ||
| Q2 25 | $1.4B | $289.3M | ||
| Q1 25 | $1.3B | $321.5M | ||
| Q4 24 | $1.4B | $319.6M | ||
| Q3 24 | $1.4B | $314.9M | ||
| Q2 24 | $1.3B | $321.5M | ||
| Q1 24 | $1.3B | $332.0M |
| Q4 25 | $1.9B | $342.0M | ||
| Q3 25 | $2.0B | $342.3M | ||
| Q2 25 | $2.0B | $349.5M | ||
| Q1 25 | $1.9B | $379.0M | ||
| Q4 24 | $1.8B | $384.0M | ||
| Q3 24 | $1.8B | $373.5M | ||
| Q2 24 | $1.9B | $376.7M | ||
| Q1 24 | $1.9B | $385.0M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $382.1M | $15.5M |
| Free Cash FlowOCF − Capex | $373.9M | $12.3M |
| FCF MarginFCF / Revenue | 178.6% | 8.2% |
| Capex IntensityCapex / Revenue | 3.9% | 2.1% |
| Cash ConversionOCF / Net Profit | 4.14× | — |
| TTM Free Cash FlowTrailing 4 quarters | $592.8M | $38.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $382.1M | $15.5M | ||
| Q3 25 | $90.2M | $12.9M | ||
| Q2 25 | $103.7M | $14.7M | ||
| Q1 25 | $29.6M | $11.1M | ||
| Q4 24 | $385.2M | $20.0M | ||
| Q3 24 | $95.1M | $9.4M | ||
| Q2 24 | $118.8M | $18.7M | ||
| Q1 24 | $-4.9M | $7.3M |
| Q4 25 | $373.9M | $12.3M | ||
| Q3 25 | $88.7M | $7.0M | ||
| Q2 25 | $102.5M | $9.1M | ||
| Q1 25 | $27.7M | $10.0M | ||
| Q4 24 | $375.3M | $16.4M | ||
| Q3 24 | $94.3M | $2.6M | ||
| Q2 24 | $111.2M | $10.1M | ||
| Q1 24 | $-6.1M | $5.6M |
| Q4 25 | 178.6% | 8.2% | ||
| Q3 25 | 42.5% | 5.5% | ||
| Q2 25 | 46.7% | 6.9% | ||
| Q1 25 | 13.3% | 7.4% | ||
| Q4 24 | 185.4% | 11.2% | ||
| Q3 24 | 45.6% | 2.1% | ||
| Q2 24 | 56.2% | 7.7% | ||
| Q1 24 | -2.9% | 4.1% |
| Q4 25 | 3.9% | 2.1% | ||
| Q3 25 | 0.7% | 4.6% | ||
| Q2 25 | 0.5% | 4.2% | ||
| Q1 25 | 0.9% | 0.8% | ||
| Q4 24 | 4.9% | 2.5% | ||
| Q3 24 | 0.4% | 5.5% | ||
| Q2 24 | 3.9% | 6.6% | ||
| Q1 24 | 0.6% | 1.3% |
| Q4 25 | 4.14× | — | ||
| Q3 25 | 1.32× | 8.15× | ||
| Q2 25 | 1.46× | — | ||
| Q1 25 | 1.97× | 1.43× | ||
| Q4 24 | 5.91× | — | ||
| Q3 24 | 1.33× | 1.98× | ||
| Q2 24 | 1.83× | 2.27× | ||
| Q1 24 | -0.07× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MKTX
| Commission Revenue | $181.3M | 87% |
| Information Services | $13.5M | 6% |
| Post Trade Services | $11.0M | 5% |
| Technology Services | $3.6M | 2% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
