CME vs CM vs MKTX Stock Comparison

Cme, Canadian Imperial Bank Of Commerce and Marketaxess Holdings Prices as of Oct 26, 2026 Peers: Industry group
CME Cme Group Inc.
$308.06 +16.5% 1M +14.3% 1Y
Market cap
$104.98B
P/E
23.8x
Revenue (TTM)
$6.97B
Div. yield
–
Exchanges Financial Services
3 wins

Head to Head

11 decided of 12

Canadian Imperial Bank Of Commerce leads on 8 of the 12 questions below (Canadian Imperial Bank Of Commerce 8, Cme 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCMECMMKTXLeader
Larger companyMarket capitalisation $104.98B $108.98B $5.81B CM
Cheaper on earningsLower P/E, profitable companies only 23.8x 15.6x 19.9x CM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 26.2x 16.5x 20.2x CM
Faster revenue growthRevenue growth, trailing twelve months +9.0% +15.7% +3.9% CM
More profitableNet margin, trailing twelve months 63.3% 29.9% — CME
Better return on capitalReturn on invested capital 11.7% 26.3% — CM
Less leveragedLower net debt / EBITDA 0.2x 1.0x — CME
Higher dividend yieldTrailing dividend yield 0.00% 0.03% 0.00% –
Better 1-year returnPrice return, last 12 months +14.3% +40.4% -3.2% CM
Better 5-year returnAnnualised price return, 5 years +7.3%/yr +13.8%/yr -16.4%/yr CM
Less volatileAnnualised volatility, 1 year 25.0% 21.8% 36.5% CM
Higher overall scoreMean of the five percentile scores vs peers 62/100 52/100 48/100 CME

Percentile Scorecard

CMECMMKTX

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisCMECMMKTX
Valuation 42 #57 of 97 26 #267 of 362 30 #68 of 97
Growth 27 #50 of 68 75 #57 of 221 21 #54 of 68
Profitability 92 #6 of 67 89 #22 of 200 88 #9 of 67
Financial Health 55 #44 of 97 11 #180 of 203 –
Shareholder Returns 92 #4 of 40 59 #142 of 342 51 #20 of 40
Overall 62 52 48
  • CME ranked among 112 companies in Capital Markets
  • CM ranked among 370 companies in Banking
  • MKTX ranked among 112 companies in Capital Markets

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodCMECMMKTXSPY
1 month +16.5%+1.7%+0.5% -0.8%
3 months +20.6%-2.3%+39.9% +3.5%
6 months +9.3%+4.7%+3.1% +7.0%
Year to date +12.8%+27.5%-9.0% +12.2%
1 year +14.3%+40.4%-3.2% +13.0%
3 years +47.4%+232.7%-19.9% +86.3%
3 years, per year +13.8%+49.3%-7.1% +23.1%
5 years +41.9%+90.4%-59.1% +68.6%
5 years, per year +7.3%+13.8%-16.4% +11.0%
10 years +199.6%+207.1%+7.8% +258.0%
10 years, per year +11.6%+11.9%+0.7% +13.6%

Risk

MeasureCMECMMKTXSPY
Volatility, 1Y 25.0%21.8%36.5% 12.7%
Downside volatility, 1Y 26.8%23.0%28.1% 12.7%
Beta vs S&P 500, 1Y -0.360.830.16 1.00
Return / volatility, 1Y 0.571.86-0.09 1.02
Max drawdown, 5Y -33.1%-47.4%-73.7% -25.4%
From 52-week high -5.6%-6.6%-14.8% -1.8%
52-week high $326.46$123.74$193.61 $779.14
52-week low $218.58$82.39$109.09 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleCMECMMKTX
P/E now vs peer median 25.0xmedian 29.4x 15.5xmedian 12.1x 19.9xmedian 29.4x
P/S now vs peer median 15.8xmedian 2.9x 4.6xmedian 3.4x 6.7xmedian 2.9x
EV/EBITDA now vs peer median 22.9xmedian 13.7x 4.3xmedian 5.0x —median 13.7x
P/FCF now vs peer median 25.4xmedian 16.0x 10.4xmedian 11.0x 29.7xmedian 16.0x
P/B now vs peer median 4.1xmedian 2.3x 2.2xmedian 1.2x 4.6xmedian 2.3x
PEG now vs peer median 1.82median 0.52 0.59median 1.36 2.50median 0.52

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsCMECMMKTX
Revenue $6.97B $23.35B $871.61M
Operating income $4.58B – $341.21M
Net income $4.42B $7.33B –
Free cash flow $4.33B $10.29B –
EPS (diluted) $12.31 $7.41 $8.29
Cash & equivalents $2.20B $10.94B $381.05M
Total debt $13.69B $45.66B –
Shares (diluted) 358.64M 940.68M 35.24M
Enterprise value $93.32B $68.06B $5.81B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricCMECMMKTX
P/E 25.0x 15.5x 19.9x
P/FCF 25.4x 10.4x 29.7x
P/Operating cash flow 24.9x 10.4x –
P/S 15.8x 4.6x 6.7x
P/B 4.1x 2.2x 4.6x
P/Tangible book 4.6x 2.3x 4.9x
EV/EBITDA 22.9x 4.3x –
EV/EBIT 24.3x 4.5x –
EV/Revenue 15.9x 6.1x 6.7x
EV/FCF 25.7x 13.7x –
EV/Operating cash flow 25.1x 13.7x –
PEG (3Y EPS CAGR) 1.82 0.59 2.50

Growth

14 metrics
MetricCMECMMKTX
Revenue growth (1Y) 9.0% 15.7% 3.9%
Revenue CAGR (3Y) 9.2% 11.1% 5.9%
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) 10.1% – -1.3%
Operating income CAGR (3Y) 12.2% – 2.6%
Net income growth (1Y) 17.3% 25.5% –
Net income CAGR (3Y) 13.1% 27.5% –
EPS growth (1Y) 19.4% 24.8% 40.2%
EPS CAGR (3Y) 13.7% 26.4% 8.0%
Operating cash flow growth (1Y) 6.4% -16.2% –
Operating cash flow CAGR (3Y) 9.3% 15.7% –
Free cash flow growth (1Y) 6.1% -16.2% –
Free cash flow CAGR (3Y) 9.4% 15.7% –

Profitability

14 metrics
MetricCMECMMKTX
Gross margin – – –
EBITDA margin 69.8% 142.0% –
Operating margin 65.7% – –
Pretax margin 82.8% 39.0% –
Net margin 63.3% 29.9% –
FCF margin 62.1% 44.1% –
Operating cash flow margin 63.5% 44.1% –
Return on equity 16.6% 15.3% 23.3%
Return on assets 2.3% 0.9% 12.5%
Return on invested capital 11.7% 26.3% –
Return on capital employed 12.3% – –
Asset turnover 0.0x 0.0x 0.4x
Cash conversion (OCF / net income) 1.0x 1.4x –
Stock comp / revenue 1.4% 0.1% –

Financial Health

11 metrics
MetricCMECMMKTX
Debt / assets 1.8% 5.4% –
Debt / equity 0.1x 1.0x –
Net debt / EBITDA 0.2x 1.0x –
Debt / FCF 0.8x 4.4x –
Liabilities / assets 86.2% 94.3% 43.3%
Equity / assets 13.8% 5.7% 56.0%
Interest coverage 26.2x 1.4x –
Current ratio 1.0x – –
Quick ratio 0.0x – –
Cash ratio 0.0x – –
Altman Z-score 0.58 – –

Shareholder Returns

7 metrics
MetricCMECMMKTX
Dividend yield 3.2% 3.7% 1.9%
Net buyback yield – -0.7% –
Shareholder yield 3.2% 3.0% 1.9%
Payout ratio (earnings) – 42.4% –
Payout ratio (FCF) – 30.2% –
Dividend growth (1Y) – 12.8% –
Dividend CAGR (3Y) – 19.6% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusCMECMMKTX
Forward P/E 26.2xFY2026 16.5xFY2026 20.2xFY2026
EPS, next fiscal year $11.74FY2026 $7.02FY2026 $8.17FY2026
EPS growth, next FY +4.8%FY2026 +14.3%FY2026 +10.6%FY2026
EPS growth, the year after +19.0% +12.4% +10.0%
Revenue, next fiscal year $7.27BFY2026 $25.13BFY2026 $944.60MFY2026
Revenue growth, next FY +11.6%FY2026 +20.9%FY2026 +11.7%FY2026
Revenue growth, the year after +7.0% -5.9% -2.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCMECMMKTX
Held by institutions 88.9% 45.6% 100.0%
Institutions holding 1,691 566 394
Change in shares held, QoQ +0.4% 0.0% +2.3%
Institutions buying 822 291 189
Institutions selling 655 172 164
Buyers to sellers 1.25 1.69 1.15

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

CMECMMKTX
CME 1.00 0.01 0.31
CM 0.01 1.00 0.06
MKTX 0.31 0.06 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CME, CM and MKTX?

Canadian Imperial Bank Of Commerce (CM) is the largest by market capitalisation: Cme (CME) $104.98B, Canadian Imperial Bank Of Commerce (CM) $108.98B, Marketaxess Holdings (MKTX) $5.81B.

Which stock is cheaper, CME, CM and MKTX?

Canadian Imperial Bank Of Commerce (CM) trades on the lowest price-to-earnings ratio (Cme (CME) 23.8x, Canadian Imperial Bank Of Commerce (CM) 15.6x, Marketaxess Holdings (MKTX) 19.9x). On next year's consensus earnings, Canadian Imperial Bank Of Commerce (CM) is cheapest (Cme (CME) 26.2x, Canadian Imperial Bank Of Commerce (CM) 16.5x, Marketaxess Holdings (MKTX) 20.2x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Canadian Imperial Bank Of Commerce (CM) grew revenue fastest over the trailing twelve months: Cme (CME) +9.0%, Canadian Imperial Bank Of Commerce (CM) +15.7%, Marketaxess Holdings (MKTX) +3.9%.

Which company is more profitable?

Cme (CME) has the highest net margin (Cme (CME) 63.3%, Canadian Imperial Bank Of Commerce (CM) 29.9%). On return on invested capital, Canadian Imperial Bank Of Commerce (CM) leads (Cme (CME) 11.7%, Canadian Imperial Bank Of Commerce (CM) 26.3%).

Which stock has performed better?

Over the past year Canadian Imperial Bank Of Commerce (CM) returned the most: Cme (CME) +14.3%, Canadian Imperial Bank Of Commerce (CM) +40.4%, Marketaxess Holdings (MKTX) -3.2%. Over five years, Canadian Imperial Bank Of Commerce (CM) compounded fastest (Cme (CME) +7.3%/yr, Canadian Imperial Bank Of Commerce (CM) +13.8%/yr, Marketaxess Holdings (MKTX) -16.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Cme (CME) 0.00%, Canadian Imperial Bank Of Commerce (CM) 0.03%, Marketaxess Holdings (MKTX) 0.00%. Cme (CME) and Marketaxess Holdings (MKTX) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Canadian Imperial Bank Of Commerce (CM) has been the steadiest (Cme (CME) 25.0%, Canadian Imperial Bank Of Commerce (CM) 21.8%, Marketaxess Holdings (MKTX) 36.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, CME, CM and MKTX?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Canadian Imperial Bank Of Commerce (CM) leads on 8. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.