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MarketAxess（MKTX）与RESOURCES CONNECTION, INC.（RGP）财务数据对比。点击上方公司名可切换其他公司
MarketAxess的季度营收约是RESOURCES CONNECTION, INC.的1.8倍（$209.4M vs $117.7M），MarketAxess净利率更高（44.0% vs -10.8%，领先54.8%），MarketAxess同比增速更快（3.5% vs -19.2%），MarketAxess自由现金流更多（$373.9M vs $15.6M），过去两年MarketAxess的营收复合增速更高（-0.2% vs -11.8%）
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。
RGP原名 Resources Global Professionals，是 Resources Connection, Inc. 的核心运营主体，面向全球客户提供多领域专业咨询服务，覆盖财务会计、信息管理、治理风险合规、人力资本、法务监管、企业咨询与重组、战略传播以及供应链管理等板块。
MKTX vs RGP — 直观对比
营收规模更大
MKTX
是对方的1.8倍
$117.7M
营收增速更快
MKTX
高出22.6%
-19.2%
净利率更高
MKTX
高出54.8%
-10.8%
自由现金流更多
MKTX
多$358.4M
$15.6M
两年增速更快
MKTX
近两年复合增速
-11.8%
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $209.4M | $117.7M |
| 净利润 | $92.2M | $-12.7M |
| 毛利率 | — | 37.1% |
| 营业利润率 | 36.3% | -10.3% |
| 净利率 | 44.0% | -10.8% |
| 营收同比 | 3.5% | -19.2% |
| 净利润同比 | 41.6% | 81.6% |
| 每股收益（稀释后） | $2.49 | $-0.38 |
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MKTXRGP
| Q4 25 | $209.4M | $117.7M | ||
| Q3 25 | $208.8M | $120.2M | ||
| Q2 25 | $219.5M | $139.3M | ||
| Q1 25 | $208.6M | $129.4M | ||
| Q4 24 | $202.4M | $145.6M | ||
| Q3 24 | $206.7M | $136.9M | ||
| Q2 24 | $197.7M | $148.2M | ||
| Q1 24 | $210.3M | $151.3M |
净利润MKTXRGP
| Q4 25 | $92.2M | $-12.7M | ||
| Q3 25 | $68.2M | $-2.4M | ||
| Q2 25 | $71.1M | $-73.3M | ||
| Q1 25 | $15.1M | $-44.1M | ||
| Q4 24 | $65.1M | $-68.7M | ||
| Q3 24 | $71.5M | $-5.7M | ||
| Q2 24 | $64.9M | $10.5M | ||
| Q1 24 | $72.6M | $2.5M |
毛利率MKTXRGP
| Q4 25 | — | 37.1% | ||
| Q3 25 | — | 39.5% | ||
| Q2 25 | — | 40.2% | ||
| Q1 25 | — | 35.1% | ||
| Q4 24 | — | 38.5% | ||
| Q3 24 | — | 36.5% | ||
| Q2 24 | — | 40.2% | ||
| Q1 24 | — | 37.0% |
营业利润率MKTXRGP
| Q4 25 | 36.3% | -10.3% | ||
| Q3 25 | 41.0% | -1.7% | ||
| Q2 25 | 41.9% | -47.0% | ||
| Q1 25 | 42.4% | -38.4% | ||
| Q4 24 | 39.5% | -52.7% | ||
| Q3 24 | 42.1% | -3.5% | ||
| Q2 24 | 41.2% | 7.6% | ||
| Q1 24 | 44.0% | 2.8% |
净利率MKTXRGP
| Q4 25 | 44.0% | -10.8% | ||
| Q3 25 | 32.6% | -2.0% | ||
| Q2 25 | 32.4% | -52.6% | ||
| Q1 25 | 7.2% | -34.0% | ||
| Q4 24 | 32.2% | -47.2% | ||
| Q3 24 | 34.6% | -4.2% | ||
| Q2 24 | 32.9% | 7.1% | ||
| Q1 24 | 34.5% | 1.7% |
每股收益（稀释后）MKTXRGP
| Q4 25 | $2.49 | $-0.38 | ||
| Q3 25 | $1.84 | $-0.07 | ||
| Q2 25 | $1.91 | $-2.21 | ||
| Q1 25 | $0.40 | $-1.34 | ||
| Q4 24 | $1.74 | $-2.08 | ||
| Q3 24 | $1.90 | $-0.17 | ||
| Q2 24 | $1.72 | $0.31 | ||
| Q1 24 | $1.92 | $0.08 |
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 | $89.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $194.6M |
| 总资产 | $1.9B | $289.3M |
| 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MKTXRGP
| Q4 25 | $519.7M | $89.8M | ||
| Q3 25 | $473.3M | $77.5M | ||
| Q2 25 | $462.8M | $86.1M | ||
| Q1 25 | $486.2M | $72.5M | ||
| Q4 24 | $544.5M | $78.2M | ||
| Q3 24 | $446.3M | $89.6M | ||
| Q2 24 | $434.1M | $108.9M | ||
| Q1 24 | $376.7M | $113.8M |
股东权益MKTXRGP
| Q4 25 | $1.1B | $194.6M | ||
| Q3 25 | $1.4B | $206.4M | ||
| Q2 25 | $1.4B | $207.1M | ||
| Q1 25 | $1.3B | $277.8M | ||
| Q4 24 | $1.4B | $325.7M | ||
| Q3 24 | $1.4B | $407.2M | ||
| Q2 24 | $1.3B | $418.8M | ||
| Q1 24 | $1.3B | $414.9M |
总资产MKTXRGP
| Q4 25 | $1.9B | $289.3M | ||
| Q3 25 | $2.0B | $287.2M | ||
| Q2 25 | $2.0B | $304.7M | ||
| Q1 25 | $1.9B | $375.6M | ||
| Q4 24 | $1.8B | $424.9M | ||
| Q3 24 | $1.8B | $512.9M | ||
| Q2 24 | $1.9B | $510.9M | ||
| Q1 24 | $1.9B | $523.2M |
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 | $15.9M |
| 自由现金流经营现金流 - 资本支出 | $373.9M | $15.6M |
| 自由现金流率自由现金流/营收 | 178.6% | 13.2% |
| 资本支出强度资本支出/营收 | 3.9% | 0.3% |
| 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 | $24.3M |
8季度趋势，按日历期对齐
经营现金流MKTXRGP
| Q4 25 | $382.1M | $15.9M | ||
| Q3 25 | $90.2M | $-7.8M | ||
| Q2 25 | $103.7M | $16.8M | ||
| Q1 25 | $29.6M | $659.0K | ||
| Q4 24 | $385.2M | $1.8M | ||
| Q3 24 | $95.1M | $-309.0K | ||
| Q2 24 | $118.8M | $3.2M | ||
| Q1 24 | $-4.9M | $20.5M |
自由现金流MKTXRGP
| Q4 25 | $373.9M | $15.6M | ||
| Q3 25 | $88.7M | $-8.0M | ||
| Q2 25 | $102.5M | $16.5M | ||
| Q1 25 | $27.7M | $238.0K | ||
| Q4 24 | $375.3M | $61.0K | ||
| Q3 24 | $94.3M | $-575.0K | ||
| Q2 24 | $111.2M | $3.0M | ||
| Q1 24 | $-6.1M | $20.4M |
自由现金流率MKTXRGP
| Q4 25 | 178.6% | 13.2% | ||
| Q3 25 | 42.5% | -6.6% | ||
| Q2 25 | 46.7% | 11.8% | ||
| Q1 25 | 13.3% | 0.2% | ||
| Q4 24 | 185.4% | 0.0% | ||
| Q3 24 | 45.6% | -0.4% | ||
| Q2 24 | 56.2% | 2.1% | ||
| Q1 24 | -2.9% | 13.5% |
资本支出强度MKTXRGP
| Q4 25 | 3.9% | 0.3% | ||
| Q3 25 | 0.7% | 0.1% | ||
| Q2 25 | 0.5% | 0.2% | ||
| Q1 25 | 0.9% | 0.3% | ||
| Q4 24 | 4.9% | 1.2% | ||
| Q3 24 | 0.4% | 0.2% | ||
| Q2 24 | 3.9% | 0.1% | ||
| Q1 24 | 0.6% | 0.1% |
现金转化率MKTXRGP
| Q4 25 | 4.14× | — | ||
| Q3 25 | 1.32× | — | ||
| Q2 25 | 1.46× | — | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 5.91× | — | ||
| Q3 24 | 1.33× | — | ||
| Q2 24 | 1.83× | 0.30× | ||
| Q1 24 | -0.07× | 8.04× |
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% |
RGP
| US | $93.7M | 80% |
| Non Us | $24.0M | 20% |
