What is Miami International Holdings, Inc.'s (MIAX) StockRank?

MoatMap's StockRank for Miami International Holdings, Inc. (MIAX) is 27/100, with a Sell signal. This is a composite score combining Quality (57), Value (20), and Momentum (40) factor ranks across MoatMap's 20,000+ stock universe.

Does Miami International Holdings, Inc. have an economic moat?

Miami International Holdings, Inc. (MIAX) has a Quality factor score of 57/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Miami International Holdings, Inc. a buy, hold, or sell?

MoatMap's current signal for Miami International Holdings, Inc. (MIAX) is Sell, based on a StockRank of 27/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is Miami International Holdings, Inc. in?

Miami International Holdings, Inc. (MIAX) operates in the Financial Services sector, specifically the Capital Markets industry (United States).

Company Deep Dive

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MIAX

SELL

Miami International Holdings, Inc. · Financial Services · United States · $3.7B · Avg Vol: $112M/d

StockRank

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P/E (TTM)

32.6x

ROE

16.8%

D/E

0.0x

Dividend %

—

COMPANY DESCRIPTION

Miami International Holdings, Inc. (MIAX) is a leading developer and operator of regulated financial exchanges, specializing in options, equities, and futures trading. The company's competitive moat is built on its proprietary, ultra-low latency trading technology platform, which offers industry-leading execution speeds and reliability to market makers and institutional traders. By expanding its suite of proprietary products, such as SPIKES volatility index products, MIAX has established itself as a highly competitive alternative to legacy exchange operators.

FINANCIAL SUMMARY (USD)

Year	2022	2023	2024	2025	CAGR	TTM	2026E	2027E	Fwd CAGR
Revenue	797.9M	1.0B	1.1B	1.4B	19.6%	1.4B	1.7B	1.9B	16.9%
EPS	0.72	-0.26	1.29	-1.00	33.2%	1.32	1.55	1.82	12.3%
Shares	79.4M	79.4M	79.4M	85.5M	+7.7%	96.8M	—	—	—
Debt	151.9M	123.0M	43.8M	8.2M	-62.2%	22.7M	—	—	—
Equity	0.3M	164.6M	367.6M	881.0M	1379.6%	—	—	—	—
Op CF	121.6M	-49.2M	111.4M	167.8M	11.3%	217.5M	—	—	—
Inv CF	-53.9M	-64.1M	-40.6M	-101.3M	—	—	—	—	—
Fin CF	-9.4M	-16.6M	29.4M	214.8M	—	—	—	—	—

Loading 1Y...

PRICE (1Y)-14.4%

SMA 50SMA 200

$42.99

RSI (14)

67.2

52W High

$57.14

From 52W High

0.8%

SCORE BREAKDOWN

Quality

ROIC

-6.0%3.9

ROE

16.8%78.7

GP/Assets

37.1%92.9

Op. Margin

12.4%29.0

FCF/Assets

11.1%83.0

Piotroski

430.8

Int. Cover

-4.3x9.3

D/E Ratio

0.02x90.4

Current Ratio

2.77x65.2

Value

P/E (TTM)

32.6x12.1

EV/EBITDA

21.3x12.7

P/FCF

26.3x21.7

P/B

3.8x10.9

P/S

3.0x59.4

Div Yield

—N/A

Momentum

52W High %

75%20.9

RS 6M

-12%28.9

SMA 50/200

1.03x52.5

EPS Rev 4W

0.0%70.2

EPS Rev 12W

—N/A

EPS Improve

+38%66.6

Q Growth

—N/A

FUNDAMENTALS

Market Cap

$3.7B

P/E (Forward)

23.6x

Gross Margin

33.2%

SECTOR PEERS

Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of MIAX are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
MIAX	Miami International Holdings, Inc.(you)	$3.7B	27	SELL
CLSK	CleanSpark, Inc.	$4.2B	23	SELL
LAZ	Lazard, Inc.	$3.9B	38	HOLD
MARA.MX	MARA Holdings, Inc.	$5.5B	21	SELL
FIGR	Figure Technology Solutions, Inc.	$5.9B	21	SELL
PURR	Hyperliquid Strategies Inc.	$1.7B	24	SELL
PJT	PJT Partners Inc.	$6.2B	37	HOLD
JEF	Jefferies Financial Group Inc.	$10.0B	26	SELL
ABTC	American Bitcoin Corp	$1.3B	28	SELL
RIOT.MX	Riot Platforms, Inc.	$10.8B	29	SELL

Peer medians: ROE 10.1% · P/E 13.9x · Gross margin 0.0%

Miami International Holdings, Inc. (MIAX) — Stock Score Summary

Miami International Holdings, Inc. (MIAX) has a MoatMap StockRank of 27/100 based on Quality (57/100), Value (20/100), and Momentum (40/100) factor scores. The current signal is SELL.

Key Financial Metrics

Price	$42.99
Market Cap	$3.7B
P/E (TTM)	32.57
P/E (Forward)	23.59
Price/Book	3.80
Return on Equity	16.8%
Return on Invested Capital	-6.0%
Debt/Equity	2.13
Gross Margin	33.2%
Operating Margin	12.4%
Revenue Growth	13.0%
Free Cash Flow	$139M

Miami International Holdings, Inc. operates in the Capital Markets industry, part of the Financial Services sector (United States).

Frequently Asked Questions

What is Miami International Holdings, Inc.’s (MIAX) StockRank?: MoatMap’s StockRank for Miami International Holdings, Inc. (MIAX) is 27/100, with a Sell signal. It is a composite of Quality (57), Value (20), and Momentum (40) factor ranks across MoatMap’s 20,000+ stock universe.
Does Miami International Holdings, Inc. have an economic moat?: Miami International Holdings, Inc. (MIAX) has a Quality factor score of 57/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Miami International Holdings, Inc. a buy, hold, or sell?: MoatMap’s current signal for Miami International Holdings, Inc. (MIAX) is Sell, based on a StockRank of 27/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Miami International Holdings, Inc. in?: Miami International Holdings, Inc. (MIAX) operates in the Financial Services sector, specifically the Capital Markets industry (United States).