vs
MarketAxess（MKTX）与LiveRamp Holdings, Inc.（RAMP）财务数据对比。点击上方公司名可切换其他公司
LiveRamp Holdings, Inc.的季度营收约是MarketAxess的1.0倍（$212.2M vs $209.4M），MarketAxess净利率更高（44.0% vs 18.8%，领先25.3%），LiveRamp Holdings, Inc.同比增速更快（8.6% vs 3.5%），过去两年LiveRamp Holdings, Inc.的营收复合增速更高（11.1% vs -0.2%）
MarketAxess Holdings Inc.是一家国际金融科技企业，运营面向机构信贷市场的电子交易平台，同时提供市场数据及交易后服务，支持机构投资者、经纪自营商开展企业债券等各类固定收益类信用工具的交易。
LiveRamp Holdings, Inc.是一家美国SaaS企业，核心业务为提供数据连接平台，服务涵盖数据导入、线下数据线上迁移等能力，助力企业开展营销相关的数据应用，为品牌及营销从业者的数字化运营提供技术支撑。
MKTX vs RAMP — 直观对比
营收规模更大
RAMP
是对方的1.0倍
$209.4M
营收增速更快
RAMP
高出5.1%
3.5%
净利率更高
MKTX
高出25.3%
18.8%
两年增速更快
RAMP
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q3 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $209.4M | $212.2M |
| 净利润 | $92.2M | $39.9M |
| 毛利率 | — | 71.9% |
| 营业利润率 | 36.3% | 18.6% |
| 净利率 | 44.0% | 18.8% |
| 营收同比 | 3.5% | 8.6% |
| 净利润同比 | 41.6% | 255.7% |
| 每股收益（稀释后） | $2.49 | $0.62 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MKTXRAMP
| Q4 25 | $209.4M | $212.2M | ||
| Q3 25 | $208.8M | $199.8M | ||
| Q2 25 | $219.5M | $194.8M | ||
| Q1 25 | $208.6M | $188.7M | ||
| Q4 24 | $202.4M | $195.4M | ||
| Q3 24 | $206.7M | $185.5M | ||
| Q2 24 | $197.7M | $176.0M | ||
| Q1 24 | $210.3M | $171.9M |
净利润MKTXRAMP
| Q4 25 | $92.2M | $39.9M | ||
| Q3 25 | $68.2M | $27.4M | ||
| Q2 25 | $71.1M | $7.7M | ||
| Q1 25 | $15.1M | $-6.3M | ||
| Q4 24 | $65.1M | $11.2M | ||
| Q3 24 | $71.5M | $1.7M | ||
| Q2 24 | $64.9M | $-7.5M | ||
| Q1 24 | $72.6M | $-5.4M |
毛利率MKTXRAMP
| Q4 25 | — | 71.9% | ||
| Q3 25 | — | 70.2% | ||
| Q2 25 | — | 70.1% | ||
| Q1 25 | — | 69.3% | ||
| Q4 24 | — | 71.9% | ||
| Q3 24 | — | 72.4% | ||
| Q2 24 | — | 70.6% | ||
| Q1 24 | — | 72.2% |
营业利润率MKTXRAMP
| Q4 25 | 36.3% | 18.6% | ||
| Q3 25 | 41.0% | 10.7% | ||
| Q2 25 | 41.9% | 3.7% | ||
| Q1 25 | 42.4% | -6.1% | ||
| Q4 24 | 39.5% | 7.5% | ||
| Q3 24 | 42.1% | 4.0% | ||
| Q2 24 | 41.2% | -3.0% | ||
| Q1 24 | 44.0% | -8.3% |
净利率MKTXRAMP
| Q4 25 | 44.0% | 18.8% | ||
| Q3 25 | 32.6% | 13.7% | ||
| Q2 25 | 32.4% | 4.0% | ||
| Q1 25 | 7.2% | -3.3% | ||
| Q4 24 | 32.2% | 5.7% | ||
| Q3 24 | 34.6% | 0.9% | ||
| Q2 24 | 32.9% | -4.3% | ||
| Q1 24 | 34.5% | -3.1% |
每股收益（稀释后）MKTXRAMP
| Q4 25 | $2.49 | $0.62 | ||
| Q3 25 | $1.84 | $0.42 | ||
| Q2 25 | $1.91 | $0.12 | ||
| Q1 25 | $0.40 | $-0.10 | ||
| Q4 24 | $1.74 | $0.17 | ||
| Q3 24 | $1.90 | $0.03 | ||
| Q2 24 | $1.72 | $-0.11 | ||
| Q1 24 | $1.92 | $-0.09 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $519.7M | $403.4M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $962.3M |
| 总资产 | $1.9B | $1.3B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资MKTXRAMP
| Q4 25 | $519.7M | $403.4M | ||
| Q3 25 | $473.3M | $376.9M | ||
| Q2 25 | $462.8M | $371.1M | ||
| Q1 25 | $486.2M | $420.8M | ||
| Q4 24 | $544.5M | $384.3M | ||
| Q3 24 | $446.3M | $348.4M | ||
| Q2 24 | $434.1M | $342.7M | ||
| Q1 24 | $376.7M | $368.9M |
股东权益MKTXRAMP
| Q4 25 | $1.1B | $962.3M | ||
| Q3 25 | $1.4B | $943.8M | ||
| Q2 25 | $1.4B | $947.8M | ||
| Q1 25 | $1.3B | $948.9M | ||
| Q4 24 | $1.4B | $957.7M | ||
| Q3 24 | $1.4B | $932.1M | ||
| Q2 24 | $1.3B | $951.9M | ||
| Q1 24 | $1.3B | $949.1M |
总资产MKTXRAMP
| Q4 25 | $1.9B | $1.3B | ||
| Q3 25 | $2.0B | $1.2B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $1.9B | $1.3B | ||
| Q4 24 | $1.8B | $1.3B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.9B | $1.2B | ||
| Q1 24 | $1.9B | $1.2B |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $382.1M | — |
| 自由现金流经营现金流 - 资本支出 | $373.9M | — |
| 自由现金流率自由现金流/营收 | 178.6% | — |
| 资本支出强度资本支出/营收 | 3.9% | 0.1% |
| 现金转化率经营现金流/净利润 | 4.14× | — |
| 过去12个月自由现金流最近4个季度 | $592.8M | — |
8季度趋势，按日历期对齐
经营现金流MKTXRAMP
| Q4 25 | $382.1M | — | ||
| Q3 25 | $90.2M | $57.4M | ||
| Q2 25 | $103.7M | $-15.8M | ||
| Q1 25 | $29.6M | — | ||
| Q4 24 | $385.2M | $45.1M | ||
| Q3 24 | $95.1M | $55.6M | ||
| Q2 24 | $118.8M | $-9.3M | ||
| Q1 24 | $-4.9M | — |
自由现金流MKTXRAMP
| Q4 25 | $373.9M | — | ||
| Q3 25 | $88.7M | $56.8M | ||
| Q2 25 | $102.5M | $-16.2M | ||
| Q1 25 | $27.7M | — | ||
| Q4 24 | $375.3M | $44.8M | ||
| Q3 24 | $94.3M | $55.4M | ||
| Q2 24 | $111.2M | $-9.6M | ||
| Q1 24 | $-6.1M | — |
自由现金流率MKTXRAMP
| Q4 25 | 178.6% | — | ||
| Q3 25 | 42.5% | 28.4% | ||
| Q2 25 | 46.7% | -8.3% | ||
| Q1 25 | 13.3% | — | ||
| Q4 24 | 185.4% | 22.9% | ||
| Q3 24 | 45.6% | 29.8% | ||
| Q2 24 | 56.2% | -5.4% | ||
| Q1 24 | -2.9% | — |
资本支出强度MKTXRAMP
| Q4 25 | 3.9% | 0.1% | ||
| Q3 25 | 0.7% | 0.3% | ||
| Q2 25 | 0.5% | 0.2% | ||
| Q1 25 | 0.9% | 0.2% | ||
| Q4 24 | 4.9% | 0.1% | ||
| Q3 24 | 0.4% | 0.1% | ||
| Q2 24 | 3.9% | 0.1% | ||
| Q1 24 | 0.6% | 1.0% |
现金转化率MKTXRAMP
| Q4 25 | 4.14× | — | ||
| Q3 25 | 1.32× | 2.09× | ||
| Q2 25 | 1.46× | -2.04× | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 5.91× | 4.02× | ||
| Q3 24 | 1.33× | 32.10× | ||
| Q2 24 | 1.83× | — | ||
| Q1 24 | -0.07× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
MKTX
| Commission Revenue | $181.3M | 87% |
| Information Services | $13.5M | 6% |
| Post Trade Services | $11.0M | 5% |
| Technology Services | $3.6M | 2% |
RAMP
暂无分部数据
