vs
MarketAxess（MKTX）与STURM RUGER & CO INC（RGR）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STURM RUGER & CO INC的1.4倍（$209.4M vs $151.1M），STURM RUGER & CO INC同比增速更快（3.6% vs 3.5%），MarketAxess自由现金流更多（$373.9M vs $12.3M），过去两年STURM RUGER & CO INC的营收复合增速更高（5.1% 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。
鲁格公司（Ruger）是总部位于美国康涅狄格州绍斯波特的枪械制造企业，除总部外，还在新罕布什尔州纽波特、北卡罗来纳州梅约丹以及亚利桑那州普雷斯科特设有生产工厂。公司由亚历山大·麦考密克·斯特姆与威廉·B·鲁格于1949年共同创立，自1969年起公开上市交易。
MKTX vs RGR — 直观对比
营收规模更大
MKTX
是对方的1.4倍
$151.1M
营收增速更快
RGR
高出0.2%
3.5%
自由现金流更多
MKTX
多$361.6M
$12.3M
两年增速更快
RGR
近两年复合增速
-0.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $209.4M | $151.1M |
| 净利润 | $92.2M | — |
| 毛利率 | — | 17.8% |
| 营业利润率 | 36.3% | 2.3% |
| 净利率 | 44.0% | — |
| 营收同比 | 3.5% | 3.6% |
| 净利润同比 | 41.6% | — |
| 每股收益（稀释后） | $2.49 | $0.22 |
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MKTXRGR
| 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 |
净利润MKTXRGR
| 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 |
毛利率MKTXRGR
| 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% |
营业利润率MKTXRGR
| 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% |
净利率MKTXRGR
| 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% |
每股收益（稀释后）MKTXRGR
| 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 |
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 | $92.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.1B | $283.8M |
| 总资产 | $1.9B | $342.0M |
| 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MKTXRGR
| 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 |
股东权益MKTXRGR
| 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 |
总资产MKTXRGR
| 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 |
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 | $15.5M |
| 自由现金流经营现金流 - 资本支出 | $373.9M | $12.3M |
| 自由现金流率自由现金流/营收 | 178.6% | 8.2% |
| 资本支出强度资本支出/营收 | 3.9% | 2.1% |
| 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 | $38.5M |
8季度趋势，按日历期对齐
经营现金流MKTXRGR
| 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 |
自由现金流MKTXRGR
| 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 |
自由现金流率MKTXRGR
| 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% |
资本支出强度MKTXRGR
| 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% |
现金转化率MKTXRGR
| 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× |
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% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
