vs
MarketAxess（MKTX）与GIBRALTAR INDUSTRIES, INC.（ROCK）财务数据对比。点击上方公司名可切换其他公司
GIBRALTAR INDUSTRIES, INC.的季度营收约是MarketAxess的1.1倍（$225.0M vs $209.4M），GIBRALTAR INDUSTRIES, INC.同比增速更快（24.9% vs 3.5%），MarketAxess自由现金流更多（$373.9M vs $26.2M），过去两年MarketAxess的营收复合增速更高（-0.2% vs -12.3%）
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。
直布罗陀工业公司是专业建筑、基础设施及可再生能源产品制造商与分销商，主营通风系统、屋面配件、太阳能安装支架、园林景观产品等，主要服务北美地区住宅、商业建筑及清洁能源市场，专注提供创新可持续的客户解决方案。
MKTX vs ROCK — 直观对比
营收规模更大
ROCK
是对方的1.1倍
$209.4M
营收增速更快
ROCK
高出21.5%
3.5%
自由现金流更多
MKTX
多$347.7M
$26.2M
两年增速更快
MKTX
近两年复合增速
-12.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $209.4M | $225.0M |
| 净利润 | $92.2M | — |
| 毛利率 | — | 25.3% |
| 营业利润率 | 36.3% | 7.9% |
| 净利率 | 44.0% | — |
| 营收同比 | 3.5% | 24.9% |
| 净利润同比 | 41.6% | — |
| 每股收益（稀释后） | $2.49 | — |
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MKTXROCK
| Q4 25 | $209.4M | $225.0M | ||
| Q3 25 | $208.8M | $310.9M | ||
| Q2 25 | $219.5M | $309.5M | ||
| Q1 25 | $208.6M | $290.0M | ||
| Q4 24 | $202.4M | $180.1M | ||
| Q3 24 | $206.7M | $277.1M | ||
| Q2 24 | $197.7M | $273.6M | ||
| Q1 24 | $210.3M | $292.5M |
净利润MKTXROCK
| Q4 25 | $92.2M | — | ||
| Q3 25 | $68.2M | $-89.1M | ||
| Q2 25 | $71.1M | $26.0M | ||
| Q1 25 | $15.1M | $21.1M | ||
| Q4 24 | $65.1M | — | ||
| Q3 24 | $71.5M | $34.0M | ||
| Q2 24 | $64.9M | $32.2M | ||
| Q1 24 | $72.6M | $24.9M |
毛利率MKTXROCK
| Q4 25 | — | 25.3% | ||
| Q3 25 | — | 26.6% | ||
| Q2 25 | — | 28.4% | ||
| Q1 25 | — | 26.8% | ||
| Q4 24 | — | 29.0% | ||
| Q3 24 | — | 29.4% | ||
| Q2 24 | — | 30.5% | ||
| Q1 24 | — | 28.9% |
营业利润率MKTXROCK
| Q4 25 | 36.3% | 7.9% | ||
| Q3 25 | 41.0% | 12.8% | ||
| Q2 25 | 41.9% | 12.8% | ||
| Q1 25 | 42.4% | 8.8% | ||
| Q4 24 | 39.5% | 13.3% | ||
| Q3 24 | 42.1% | 15.6% | ||
| Q2 24 | 41.2% | 14.9% | ||
| Q1 24 | 44.0% | 10.8% |
净利率MKTXROCK
| Q4 25 | 44.0% | — | ||
| Q3 25 | 32.6% | -28.6% | ||
| Q2 25 | 32.4% | 8.4% | ||
| Q1 25 | 7.2% | 7.3% | ||
| Q4 24 | 32.2% | — | ||
| Q3 24 | 34.6% | 12.3% | ||
| Q2 24 | 32.9% | 11.8% | ||
| Q1 24 | 34.5% | 8.5% |
每股收益（稀释后）MKTXROCK
| Q4 25 | $2.49 | — | ||
| Q3 25 | $1.84 | $-2.98 | ||
| Q2 25 | $1.91 | $0.87 | ||
| Q1 25 | $0.40 | — | ||
| Q4 24 | $1.74 | — | ||
| Q3 24 | $1.90 | $1.11 | ||
| Q2 24 | $1.72 | $1.05 | ||
| Q1 24 | $1.92 | — |
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 | $115.7M |
| 总债务越低越好 | — | $0 |
| 股东权益账面价值 | $1.1B | $950.4M |
| 总资产 | $1.9B | $1.4B |
| 负债/权益比越低杠杆越低 | — | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资MKTXROCK
| Q4 25 | $519.7M | $115.7M | ||
| Q3 25 | $473.3M | $89.4M | ||
| Q2 25 | $462.8M | $43.3M | ||
| Q1 25 | $486.2M | $25.1M | ||
| Q4 24 | $544.5M | $269.5M | ||
| Q3 24 | $446.3M | $228.9M | ||
| Q2 24 | $434.1M | $179.1M | ||
| Q1 24 | $376.7M | $146.7M |
总债务MKTXROCK
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | $0 | ||
| Q1 25 | — | $0 | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | $0 | ||
| Q2 24 | — | $0 | ||
| Q1 24 | — | $0 |
股东权益MKTXROCK
| Q4 25 | $1.1B | $950.4M | ||
| Q3 25 | $1.4B | $951.8M | ||
| Q2 25 | $1.4B | $1.0B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.4B | $1.0B | ||
| Q3 24 | $1.4B | $1.0B | ||
| Q2 24 | $1.3B | $975.7M | ||
| Q1 24 | $1.3B | $940.2M |
总资产MKTXROCK
| Q4 25 | $1.9B | $1.4B | ||
| Q3 25 | $2.0B | $1.4B | ||
| Q2 25 | $2.0B | $1.5B | ||
| Q1 25 | $1.9B | $1.4B | ||
| Q4 24 | $1.8B | $1.4B | ||
| Q3 24 | $1.8B | $1.4B | ||
| Q2 24 | $1.9B | $1.4B | ||
| Q1 24 | $1.9B | $1.3B |
负债/权益比MKTXROCK
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.00× |
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 | $35.5M |
| 自由现金流经营现金流 - 资本支出 | $373.9M | $26.2M |
| 自由现金流率自由现金流/营收 | 178.6% | 11.7% |
| 资本支出强度资本支出/营收 | 3.9% | 4.1% |
| 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 | $120.6M |
8季度趋势，按日历期对齐
经营现金流MKTXROCK
| Q4 25 | $382.1M | $35.5M | ||
| Q3 25 | $90.2M | $73.0M | ||
| Q2 25 | $103.7M | $44.9M | ||
| Q1 25 | $29.6M | $13.7M | ||
| Q4 24 | $385.2M | $19.9M | ||
| Q3 24 | $95.1M | $64.7M | ||
| Q2 24 | $118.8M | $36.5M | ||
| Q1 24 | $-4.9M | $53.2M |
自由现金流MKTXROCK
| Q4 25 | $373.9M | $26.2M | ||
| Q3 25 | $88.7M | $64.8M | ||
| Q2 25 | $102.5M | $27.3M | ||
| Q1 25 | $27.7M | $2.3M | ||
| Q4 24 | $375.3M | $14.1M | ||
| Q3 24 | $94.3M | $60.5M | ||
| Q2 24 | $111.2M | $33.5M | ||
| Q1 24 | $-6.1M | $48.8M |
自由现金流率MKTXROCK
| Q4 25 | 178.6% | 11.7% | ||
| Q3 25 | 42.5% | 20.8% | ||
| Q2 25 | 46.7% | 8.8% | ||
| Q1 25 | 13.3% | 0.8% | ||
| Q4 24 | 185.4% | 7.8% | ||
| Q3 24 | 45.6% | 21.8% | ||
| Q2 24 | 56.2% | 12.2% | ||
| Q1 24 | -2.9% | 16.7% |
资本支出强度MKTXROCK
| Q4 25 | 3.9% | 4.1% | ||
| Q3 25 | 0.7% | 2.6% | ||
| Q2 25 | 0.5% | 5.7% | ||
| Q1 25 | 0.9% | 3.9% | ||
| Q4 24 | 4.9% | 3.3% | ||
| Q3 24 | 0.4% | 1.5% | ||
| Q2 24 | 3.9% | 1.1% | ||
| Q1 24 | 0.6% | 1.5% |
现金转化率MKTXROCK
| Q4 25 | 4.14× | — | ||
| Q3 25 | 1.32× | — | ||
| Q2 25 | 1.46× | 1.73× | ||
| Q1 25 | 1.97× | 0.65× | ||
| Q4 24 | 5.91× | — | ||
| Q3 24 | 1.33× | 1.90× | ||
| Q2 24 | 1.83× | 1.13× | ||
| Q1 24 | -0.07× | 2.13× |
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% |
ROCK
| Transferred At Point In Time | $183.5M | 82% |
| Infrastructure | $22.5M | 10% |
| Other | $18.9M | 8% |
