MARKETAXESS HOLDINGS INC

MKTX

MarketAxess Holdings Inc., together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer firms in the United States, the United Kingdom, and internationally. The company offers trading technology to access liquidity on its platforms in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.

About the company

Country: United StatesPrice: $165.22Market Cap: $5.8B

Investment snapshot

29%positive consensus

Scored 1d ago

Positive

BUY / PASS

Neutral / negative

4 / 7

NEUTRAL / FAIL

Median fair value

$123.13

-25.5% vs price

Models with upside

3 / 17

Positive margin of safety

Strongest signal

8 of 12 pass — Graham, Lynch, Dreman +1 more object

Key risk

7 of 8 flag MKTX's growth — Graham, Lynch, Dreman +4 more

Framework analysis

Verdict	Meaning
BUY	Positive purchase signal: the framework's buy requirements are met.
PASS	The company clears the framework's checklist or screen, but the framework does not produce a buy signal. For valuation frameworks this often means margin of safety is missing, insufficient, or unavailable; some screen-only frameworks have no intrinsic-value BUY state.
NEUTRAL	Neither a positive nor negative conclusion. It does not mean to hold an existing position.
FAIL	The company does not clear the framework's requirements.
Ranked	Ranked strategies do not use PASS: selected cohort is BUY, outside the cohort is FAIL, and unranked is NEUTRAL.

Current investor scores use trailing 12-month flows and the latest balance sheet where supported. Multi-year and EPS tests retain annual history; each framework shows its financial basis below. Intrinsic values use annual financials.

Metric	Graham Defensive Value	Buffett Quality Compounder	Lynch GARP	Greenblatt Magic Formula	Piotroski F-Score	Dreman Contrarian Value	Munger Quality Focus	Pabrai Dhandho Framework	Akre Three-Legged Stool	Marks Risk-Aware Value	Ackman Activist Value	Templeton Global Bargain Hunter	Sleep Scale Economies Shared	Asness Systematic Factors	Neff Low-P/E Total Return	Schloss Asset-Value Discipline	O'Shaughnessy Systematic Factor Composite
Verdict	FAIL	PASS	FAIL	Not ranked	PASS	FAIL	BUY	FAIL	BUY	FAIL	NEUTRAL	PASS	NEUTRAL	NEUTRAL	FAIL	NEUTRAL	FAIL
Score
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Intrinsic Value (annual)			N/A		N/A								N/A	N/A	N/A	N/A	N/A
Margin of Safety	-138.9%	+24.1%	N/A	-125.0%	N/A	-59.1%	-16.0%	-15.7%	+44.4%	-85.9%	+5.7%	-61.1%	N/A	N/A	N/A	N/A	N/A
Financial Basis	TTM ended 2026-09-30 · Annual history · FY 2025 Latest source filing: 2026-11-06 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-09-30 Latest source filing: 2026-11-06 Score computed: 2026-11-14	Annual history · FY 2025 · Balance sheet at 2026-09-30 · TTM ended 2026-09-30 vs 2025-09-30 · TTM ended 2026-09-30 Latest source filing: 2026-11-06 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-02-24 Score computed: 2026-11-14	Annual history · FY 2025 Latest source filing: 2026-02-24 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Market data at 2026-11-01 Latest source filing: 2026-11-06 Score computed: 2026-11-14	Qualitative assessment · Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 Latest source filing: 2026-11-06 Score computed: 2026-11-14	Qualitative assessment · Annual history · FY 2025 Latest source filing: 2026-02-24 Score computed: 2026-11-14	Annual history · FY 2025 · Qualitative assessment · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 Latest source filing: 2026-11-06 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-09-30 · Qualitative assessment Latest source filing: 2026-11-06 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Market data at 2026-11-01 Latest source filing: 2026-11-06 Score computed: 2026-11-14	Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 · Balance sheet at 2026-09-30 Latest source filing: 2026-11-06 Score computed: 2026-11-14	Annual history · FY 2025 · Qualitative assessment Latest source filing: 2026-02-24 Score computed: 2026-11-14	TTM ended 2026-09-30 · Balance sheet at 2026-09-30 · Price history 2025-01-01–2026-11-01 · Annual history · FY 2025 Latest source filing: 2026-11-06 Score computed: 2026-11-14	Annual history · FY 2025 · TTM ended 2026-09-30 Latest source filing: 2026-11-06 Score computed: 2026-11-14	Annual history · FY 2025 · Balance sheet at 2026-09-30 Latest source filing: 2026-11-06 Score computed: 2026-11-14	TTM ended 2026-09-30 · Annual history · FY 2025 · Price history 2025-01-01–2026-11-01 Latest source filing: 2026-11-06 Score computed: 2026-11-14

Where It Passes

Debt & Leverage67% pass✓ 11✗ 4▾
8 of 12 pass — Graham, Lynch, Dreman +1 more object
LT Debt vs Net Current Assets
✗GrahamLT Debt <= Net Current Assets
Debt/Equity & Interest CoverageD/E: 0.07, IC: 47.6x
✓BuffettD/E < 0.5 AND Interest Coverage > 5x
Total Debt / Equity0.07
✓Lynch< 0.33
Cash - Long-term Debt
✗LynchPositive preferred
LT Debt / Total Assets Change0.00% -> 0.00%
✓PiotroskiDecreased YoY
Current Assets / Current Liabilities
✗Dreman> 1.5✗SchlossCurrent ratio >= 1.50x (app cutoff)
Total Debt / Shareholders' Equity0.07
✓Dreman< 0.8✓Templeton< 1.0 (fixed cap; proxy for below-sector-median leverage)✓SchlossD/E < 1.00x
Debt Levels0.07
✓MungerDebt/Equity < 0.5✓AkreDebt/Equity < 0.3
Interest Coverage & Debt/EBITDAIC=47.6x, D/EBITDA=0.2x
✓MarksInterest Coverage > 3x; Debt/EBITDA < 4x
Total Debt / Shareholders Equity0.07
✓Ackman<= 1.0
Negative debt-to-equity (higher means less debt)-0.0722; #1144/4210 (top 27.2%)
✓AsnessTop 30% of eligible cross-section
Cash Flow60% pass✓ 8✗ 4▾
6 of 10 pass — Lynch, Dreman, Pabrai +1 more object
Free Cash Flow Proxy$315.1M
✓BuffettPositive and growing
FCF Positive and Growing$352.4M
✗LynchPositive and growing
Operating Cash Flow$382.1M
✓PiotroskiCFO > 0
(CFO / Total Assets) vs ROACFO/Assets=19.75%, ROA=12.75%
✓PiotroskiCFO/Assets > ROA
Price / (CFO / Shares)15.5x
✗Dreman< 8x
P/E or FCF YieldP/E=24.9x, FCF Yield=6.4%
✗PabraiP/E < 15 or FCF Yield > 10%
FCF Positive17/17 years FCF positive
✓MarksPositive FCF in majority of recent years
(OCF - CapEx) / Market Cap6.0%
✓Ackman>= 4%
Price / FCF per Share15.8x
✓Ackman<= 25
Positive Operating Cash Flow frequency22/22 years positive
✓SleepPositive OCF in >= 70% of available years
Operating Cash Flow - Capital Expenditures$352.4M
✓Neff> $0 (app proxy for a strong fundamental case)
(Operating cash flow - capex) / market capitalization+6.06%; #1343/4519 (top 29.7%)
✗OshaughnessyTop 10% of eligible cross-section

Where It Falls Short

Growth13% pass✓ 2✗ 11▾
7 of 8 flag MKTX's growth — Graham, Lynch, Dreman +4 more
EPS Growth (3-yr avg, 10-yr window)
✗Graham>= 33% growth
Basic earnings-growth PEG (dividends excluded)P/E 24.9x (growth N/A)
✗Lynch< 1.0 (ideally < 0.5)
3-5 Year EPS CAGR-3.3%
✗Lynch15-30% (Fast Grower); > 0% to pass
Inventory Growth vs Revenue GrowthN/A (no inventory)
✓LynchInventory growth < Revenue growth
EPS Growth Direction
✗DremanPositive over recent years
EPS CAGR
✗Dreman> 5% annualized
Positive Net Income Frequency22/22 years positive
✓MarksPositive net income in >= 7 of last 10 years
3yr Median Revenue Growth4.8%
✗Ackman>= 5%
Positive EPS Growth Frequency2/5 years with positive EPS growth
✗AckmanPositive EPS growth in >= 3 of last 5 years
5-Year EPS CAGR-3.3% CAGR over 5 years
✗Templeton> 0% (5-year EPS CAGR)
Revenue growth vs. gross and operating margin trendrevenue up, operating margin 41.9% -> 40.4%
✗SleepRevenue rising; gross margin flat or falling; operating margin holding
5-year Revenue CAGR4.2%
✗SleepCAGR > 7%
3-5 Year Diluted EPS CAGR-3.3% over 5 years
✗Neff7%-20% annualized
Valuation15% pass✓ 5✗ 23▾
11 of 13 flag MKTX's valuation — Graham, Lynch, Greenblatt +8 more
Net income / market capitalization+5.02%; #1682/6340 (top 26.5%)
✓AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
Price / 3-yr avg EPS23.9x
✗Graham<= 15x
Price-to-Book Ratio5.2x
✗Graham<= 1.5x
P/E x P/B123.10
✗Graham<= 22.5
Basic earnings-growth PEG (dividends excluded)P/E 24.9x (growth N/A)
✗Lynch< 1.0 (ideally < 0.5)
EBIT / Enterprise Value6.2%
✗Greenblatt> 10%
Earnings Yield + ROC AssessmentEY=6.2%, ROC=None
✗GreenblattBoth EY > 10% and ROC > 25%
Price / EPS24.9x
✗Dreman< 12x✗Templeton< 12x (fixed ceiling; proxy for the market's cheapest 40%)
Price / (CFO / Shares)15.5x
✗Dreman< 8x
Price / Book Value per Share5.2x
✗Dreman< 1.2x✗Templeton< 1.5x✗SchlossP/B <= 0.80x (app cutoff)
Valuation ReasonablenessP/E=24.9x, OE Yield=5.3%
✓MungerP/E < 25 or Owner Earnings Yield > 5%
P/E or FCF YieldP/E=24.9x, FCF Yield=6.4%
✗PabraiP/E < 15 or FCF Yield > 10%
P/B or P/E vs. Historical AverageP/E=24.9x, P/B=5.2x
✗MarksP/E < 15 or P/B < 2.0
Discount to Intrinsic Value-59.1% (IV=$103.85 vs Price=$165.22)
✗Marks>= 20% below intrinsic value
Price / FCF per Share15.8x
✓Ackman<= 25
Price vs. Trailing Low105% of trailing low ($157.19)
✓Templeton<= 120% of trailing low (certified split-adjusted live window)
Positive book equity / market capitalization+0.2192; #4092/6449 (top 63.5%)
✗AsnessTop 30% of eligible cross-section
Price / Diluted EPS24.9x
✗NeffP/E <= 15x (app proxy for a P/E 40%-60% below the market)
(EPS CAGR % + Dividend Yield %) / P/E-0.05
✗Neff> 0.7 (Neff's published traditional edge)
Price / Tangible Book Value per Share7.87x
✗SchlossP/TBV <= 1.00x (app cutoff)
Book Value per Share Change+27.4%
✓SchlossLatest BVPS >= earliest BVPS over >= 3 years (app rule)
Revenue / market capitalization+0.1499; #4059/5247 (top 77.4%)
✗OshaughnessyTop 10% of eligible cross-section
(Operating cash flow - capex) / market capitalization+6.06%; #1343/4519 (top 29.7%)
✗OshaughnessyTop 10% of eligible cross-section
Trailing six-month price return through the evaluation date+5.11%; #2148/6202 (top 34.6%)
✗OshaughnessyTop 10% of eligible cross-section
Profitability25% pass✓ 15✗ 20▾
12 of 16 flag MKTX's profitability — Graham, Buffett, Lynch +9 more
Net income / market capitalization+5.02%; #1682/6340 (top 26.5%)
✓AsnessTop 30% of eligible cross-section✗OshaughnessyTop 10% of eligible cross-section
Positive EPS (10 years)21/26 years positive
✗GrahamPositive EPS every year for 10 years
EPS Growth (3-yr avg, 10-yr window)
✗Graham>= 33% growth
Net Income Positive (10+ years)22/26 years positive
✗BuffettPositive every year for 10+ years
ROE (up to 5-year arithmetic mean)21.8%
✓Buffett> 15% arithmetic mean (app rule)
Operating Margin (10-yr trend)40.4% (latest)
✗BuffettStable or rising over 10 years
Free Cash Flow Proxy$315.1M
✓BuffettPositive and growing
Earnings Variance (10-yr CoV)
✗BuffettCoV < 0.3
Retained Earnings Effectiveness
✗Buffett$1 retained -> > $1 market value created
Basic earnings-growth PEG (dividends excluded)P/E 24.9x (growth N/A)
✗Lynch< 1.0 (ideally < 0.5)
3-5 Year EPS CAGR-3.3%
✗Lynch15-30% (Fast Grower); > 0% to pass
ROE22.9%
✓Lynch> 15%
EBIT / Enterprise Value6.2%
✗Greenblatt> 10%
Earnings Yield + ROC AssessmentEY=6.2%, ROC=None
✗GreenblattBoth EY > 10% and ROC > 25%
Net Income / Total Assets12.75%
✓PiotroskiROA > 0
ROA Change YoY15.32% -> 12.75% (delta: -2.58%)
✗PiotroskiCurrent ROA > Prior ROA
(CFO / Total Assets) vs ROACFO/Assets=19.75%, ROA=12.75%
✓PiotroskiCFO/Assets > ROA
Gross Margin Change YoY
✗PiotroskiImproved YoY
Pre-Tax Income / Revenue40.0%
✓Dreman>= 8%
Net Income / Shareholders' Equity22.9%
✓Dreman> 12%
Margin of SafetyP/E=24.9x, P/B=5.2x
✗PabraiP/B < 1.5 or P/E < 15
Return on Equity20.4% (3-yr avg)
✓AkreROE > 20% (3-year avg)
Discount to Intrinsic Value-59.1% (IV=$103.85 vs Price=$165.22)
✗Marks>= 20% below intrinsic value
Positive Net Income Frequency22/22 years positive
✓MarksPositive net income in >= 7 of last 10 years
Operating Income / Revenue39.1%
✓Ackman>= 15%
Net Income / Shareholders Equity22.9%
✓Ackman>= 15%
5-Year EPS CAGR-3.3% CAGR over 5 years
✗Templeton> 0% (5-year EPS CAGR)
Operating Margin Trend41.9% (2023) -> 40.4% (2025)
✗TempletonNon-negative operating-margin trend over 3 years
Revenue growth vs. gross and operating margin trendrevenue up, operating margin 41.9% -> 40.4%
✗SleepRevenue rising; gross margin flat or falling; operating margin holding
Gross profit / total assets
✗AsnessTop 30% of eligible cross-section
Net income / positive book equity+22.91%; #679/5226 (top 13.0%)
✓AsnessTop 30% of eligible cross-section
Negative 5-year standard deviation of ROA-0.0162; #1222/5884 (top 20.8%)
✓AsnessTop 30% of eligible cross-section
3-5 Year Diluted EPS CAGR-3.3% over 5 years
✗Neff7%-20% annualized
Positive Diluted-EPS Years10/10 years positive
✓Schloss>= 70% positive over 5-10 observed years (app rule)
Valuation models30% pass✓ 3✗ 7▾
Models split on MKTX at $165.22 — fair values range $69.17–$297.05
Graham fair value$69.17
✗Graham-138.9% margin vs $165.22
Buffett fair value$217.68
✓Buffett+24.1% margin vs $165.22
Greenblatt fair value$73.44
✗Greenblatt-125.0% margin vs $165.22
Dreman fair value$103.85
✗Dreman-59.1% margin vs $165.22
Munger fair value$142.40
✗Munger-16.0% margin vs $165.22
Pabrai fair value$142.83
✗Pabrai-15.7% margin vs $165.22
Akre fair value$297.05
✓Akre+44.4% margin vs $165.22
Marks fair value$88.86
✗Marks-85.9% margin vs $165.22
Ackman fair value$175.20
✓Ackman+5.7% margin vs $165.22
Templeton fair value$102.57
✗Templeton-61.1% margin vs $165.22
Verdicts42% pass✓ 5✗ 7▾
Split decision: 7 FAIL · 4 NEUTRAL · 3 PASS · 2 BUY
Overall verdict
✗GrahamFAIL (2/9)✓BuffettPASS (5/9)✗LynchFAIL (3/7)•GreenblattNot ranked✓PiotroskiPASS (F-Score 5)✗DremanFAIL (4/11)✓MungerBUY (4/4)✗PabraiFAIL (1/3)✓AkreBUY (5/6)✗MarksFAIL (3/5)•AckmanNEUTRAL (7/9)✓TempletonPASS (4/8)•SleepNEUTRAL (4/6)•AsnessNEUTRAL (Not ranked)✗NeffFAIL (3/6)•SchlossNEUTRAL (4/7)✗OshaughnessyFAIL (Rank #275/963 (Top 28.6%))
Efficiency50% pass✓ 6✗ 5▾
4 of 8 pass — Graham, Greenblatt, Piotroski +1 more object
Current Ratio
✗Graham>= 2.0
ROIC (3-5 yr avg)35.8%
✓Buffett> 10%
ROIC - WACC+25.8%
✓BuffettPositive (WACC = 10%)
EBIT / (NWC + Net Fixed Assets)
✗Greenblatt> 25%
Current Ratio Change YoY
✗PiotroskiIncreased YoY
Revenue / Total Assets Change YoY0.46x -> 0.44x
✗PiotroskiImproved YoY
Current Assets / Current Liabilities
✗Dreman> 1.5
Return on Invested Capital19.7%
✓Munger> 15%
ROIC (high and growing)FY2023: ROIC=19.2%; FY2024: ROIC=19.4%; FY2025: ROIC=19.8%
✓AkreLatest 3 consecutive FYs: ROIC > 15% in each
Reinvestment Rate x ROIC12.2% (RR=62% x ROIC=19.7%)
✓AkreReinvestment Rate * ROIC > 10%
ROIC (5-year)3/3 years above 12% (latest 19.8%)
✓SleepROIC > 12% in a majority of years

Business & financials

Financial snapshot: annual FY 2025. Current investor scores may use newer quarterly data.

Company Profile

Industry: Trading

SIC Sector: Security & Commodity Brokers

Size: Mid Cap($5.8B)

Revenue: $846.3M+3.6% YoY

Net Income: $246.6M-10.0% YoY

Financial Snapshot

Operating Margin40.4%

Return on Equity21.5%

Debt / Equity0.19

Current Ratio--

EPS (Diluted)$6.64−8.8% 1y

Buybacks (1y)$420.0M

Buybacks (2y)$495.5M

Shares Retired5.0% / 5.6% 2y

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Shareholder Return

Fiscal 2025

Retired 5.0% of shares last year, 5.6% over two.

Buybacks: $420.0M
Dividends: $115.2M

What drove EPS

A buyback raises earnings per share without the company earning more. This splits each year's change into the two.

FY22

−1.8% = −3.0% + 1.2%

FY23

3.0% = 3.1% + −0.1%

FY24

6.3% = 6.2% + 0.0%

FY25

−8.8% = −10.0% + 1.4%

Earnings Fewer shares More shares

Share count is the denominator the filer used for diluted EPS, recovered as net income ÷ EPS — not the balance-sheet count, which is a point-in-time figure and would put the timing difference into this split. Years with a loss are omitted: a smaller share count makes a loss per share larger, so the decomposition inverts.

Company Financials

Latest TTM and quarters alongside annual years

TTM sums four consecutive quarters and uses the latest quarter-end balances. Quarter columns show three-month results; annual columns show full-year totals. Growth compares the same period a year earlier. EPS is not added for TTM; full-year ratios are blank for quarters.

The latest annual period end is unavailable. Showing the latest fiscal cycle’s quarters; quarter and annual columns may overlap. Quarterly shows the full quarter history.

Metric	TTM · 2026-09-30 2025-10-01 – 2026-09-30 Sources · derived quarter values 10-K · 2026-02-24 10-Q · 2026-05-07 10-Q · 2026-08-07 10-Q · 2026-11-06 Derived from cumulative filings: revenue, net income, operating income, ebit, pre tax income, interest expense, operating cash flow, depreciation amortization, capex, dividends paid, buybacks.	Q3 FY 2026 2026-07-01 – 2026-09-30 Sources · derived quarter values 10-Q · 2026-11-06 Derived from cumulative filings: operating cash flow, capex, dividends paid, buybacks.	Q2 FY 2026 2026-04-01 – 2026-06-30 Sources · derived quarter values 10-Q · 2026-08-07 Derived from cumulative filings: operating cash flow, capex, dividends paid, buybacks.	Q1 FY 2026 2026-01-01 – 2026-03-31 Sources 10-Q · 2026-05-07	FY 2025 Sources 10-K · 2026-02-24	FY 2024 Sources 10-K · 2025-02-24	FY 2023 Sources 10-K · 2024-02-22	FY 2022 Sources 10-K · 2023-02-22	FY 2021 Sources 10-K · 2023-02-22
Market Cap	$5.8Bcurrent	--	--	--	$6.0Best.	$8.1Best.	$8.3Best.	$13.1Best.	$12.4Best.
Revenue	$871.6M↑4%	$210.4M↑1%	$218.4M	$233.4M↑12%	$846.3M↑4%	$817.1M↑9%	$752.5M↑5%	$718.3M↑3%	$699.0M
Operating Income	$341.2M↓1%	$74.4M↓13%	$89.9M↓2%	$100.9M↑14%	$341.8M	$340.9M↑8%	$315.0M↓4%	$326.9M↓3%	$337.2M
Net Income	$292.1M↑33%	$53.9M↓21%	$68.1M↓4%	$77.9M↑417%	$246.6M↓10%	$274.2M↑6%	$258.1M↑3%	$250.2M↓3%	$257.9M
EPS (Diluted)	--	$1.53↓17%	$1.93↑1%	$2.20↑450%	$6.64↓9%	$7.28↑6%	$6.85↑3%	$6.65↓2%	$6.77
Gross Margin	—	—	—	—	—	—	—	—	—
Operating Margin	39.1%↓5%	35.4%↓14%	41.1%↓2%	43.2%↑2%	40.4%↓3%	41.7%	41.9%↓8%	45.5%↓6%	48.2%
ROE	22.9%↑44%	—	—	—	21.5%↑9%	19.7%↓1%	20.0%↓14%	23.1%↓7%	24.8%
Total Debt	$92.0M	$92.0M	$115.9M↑413879%	$228.3M↑393434%	$220.0M↑258724%	$85.0K↓56%	$192.0K	--	--
Shareholders' Equity	$1.3B↓8%	$1.3B↓8%	$1.2B↓11%	$1.2B↓12%	$1.1B↓17%	$1.4B↑7%	$1.3B↑20%	$1.1B↑4%	$1.0B
Current Ratio	—	—	—	—	—	—	—	—	—
Debt / Equity	0.07	0.07	0.09↑463088%	0.19↑445309%	0.19↑313619%	0.00↓59%	0.00	—	—
Operating Cash Flow	$357.4M↓11%	$247.3M↑174%	$26.8M↓74%	-$75.3M↓354%	$382.1M↓1%	$385.2M↑15%	$333.8M↑15%	$289.2M↑3%	$282.1M
Free Cash Flow	$352.4M↓11%	$246.7M↑178%	$26.2M↓74%	-$75.6M↓373%	$373.9M	$375.3M↑16%	$324.4M↑18%	$276.1M↑4%	$264.6M

Score history

Historical Score Timeline

Industry peers

Industry Peers

Similar companies in Trading

MKTX vs Peers — Financial Grading

Revenue$846.3MMedian

Net Income$246.6MMedian

ROE21.5%Top 25%

D/E0.19Top 25%

Op. Margin40.4%Median

Curr. Ratio—

Company	Market Cap	Price	Revenue	Net Income	ROE	D/E	Op. Margin	Curr. Ratio	Graham	Buffett	Lynch	Greenblatt	Piotroski	Dreman
REALTY INCOME CORPO	$56.1B	$58.82	$5.7B	$1.1B	2.7%	0.63	16.8%	—	2/7	1/9	3/7	0/3	F-Score 6	4/10
Ventas, Inc.VTR	$47.0B	$88.92	$5.8B	$261.5M	2.1%	1.04	3.5%	—	2/7	1/9	2/7	0/3	F-Score 6	2/10
RAYMOND JAMES FINANCIAL INCRJF	$32.4B	$168.64	$15.9B	$2.1B	17.1%	0.28	—	—	3/9	3/9	3/7	1/3	F-Score 6	4/11
ROYAL GOLD INCRGLD	$21.7B	$256.89	$1.0B	$466.3M	6.5%	0.13	61.9%	3.12	4/9	2/9	4/7	0/3	F-Score 4	4/11
iShares Ethereum Trust ETFETHA	$19.4B	$44.02	—	$2.3B	—	—	—	—	—	—	—	—	—	—
KIMCO REALTY CORPKIM	$17.0B	$25.55	$2.1B	$584.7M	5.6%	0.74	36.0%	—	3/7	2/9	4/7	0/3	F-Score 7	5/10
LandBridge Co LLCLB	$5.6B	$73.15	$199.1M	$30.1M	8.9%	1.65	59.5%	4.87	2/9	3/9	2/7	0/3	F-Score 6	3/11
Digital Turbine, Inc.APPS	$927.6M	$7.61	$565.3M	$37.7M	-19.6%	1.88	6.0%	1.16	1/9	2/9	2/7	1/3	F-Score 7	0/11