Top 15 Capital Markets Financial Stocks
Marvin's rules picked 15 capital markets stocks, led by Gold.com, Virtu Financial and Evercore. They are ranked by Overall score, which compares each company with others in its own industry.
Capital markets companies work in the plumbing of finance. They trade securities, advise on deals, run exchanges and trading platforms, or help investors buy and sell. This list covers the 15 companies in the Financial - Capital Markets industry that Marvin's rules rank highest today.
The businesses here differ a lot. Some are investment banks, some are brokers, and some are trading venues or market makers. A margin or debt level that is normal for one type can look odd for another, so read each figure with the business model in mind.
Some figures are missing for certain companies, and each blurb says so where it matters. Marvin's scores describe how a company compares with its industry peers today. They are not forecasts or recommendations.
The list
How Marvin ranked these stocks
Marvin included companies above roughly three hundred million dollars in size and ranked them by Overall score, with the highest first. All three scores (Overall, Quality and Opportunity) run from zero to one hundred and are relative to each company's own industry. A high score means a company looks strong compared with other capital markets firms, not compared with every stock in the market.
Companies above about $300 million in size, ranked by Marvin scores (0-100, relative to each company's own industry). The Financial - Capital Markets industry, highest Overall score first.
The stocks, one by one
Gold.com, Inc. GOLD
Gold.com has the top Overall score of 97, with Opportunity at 97 and Quality at 67. Revenue grew 132.4% last fiscal year. Caution: gross margin is only 1.8%, so little of each sales dollar is kept after direct costs. Return on equity is 9.4%.
Virtu Financial, Inc. VIRT
Virtu Financial has an Overall score of 94 and a Quality score of 84. Revenue grew 26.2% and return on equity is a high 29.5%. Caution: debt-to-equity of 1.23 means it relies on more borrowing than some peers on this list, such as Stifel.
Evercore Inc. EVR
Evercore pairs a Quality score of 90 with an operating margin of 21.4% and return on equity of 40.1%, which suggests strong profitability. Revenue grew 29.4%. Caution: its Opportunity score of 86 is lower than its Quality score, and debt data is not available.
Morgan Stanley MS
Morgan Stanley has a Quality score of 88 and an operating margin of 33.5%, pointing to strong profitability. Revenue growth of 14.4% is more modest than many peers here, and return on equity is 17.3%. Caution: debt-to-equity of 3.29 is among the higher levels on this list.
BGC Group, Inc BGC
BGC Group shows revenue growth of 30.0% and return on equity of 18.0%, backed by a Quality score of 78. Caution: debt-to-equity is 1.60, and margin figures are not available, so its profitability is harder to judge fully.
Moelis & Company MC
Moelis & Company has a return on equity of 50.7%, the highest on this list, along with a Quality score of 80 and an Opportunity score of 79. Caution: revenue growth, margin and debt figures are not available, so the picture is incomplete.
Oppenheimer Holdings Inc. OPY
Oppenheimer has an Opportunity score of 90 and revenue growth of 14.4%. Caution: profitability looks modest, with an operating margin of 8.3% and return on equity of 10.5%, and its Quality score is 73. Debt data is not available.
StoneX Group Inc. SNEX
StoneX Group grew revenue 32.5% and has an Opportunity score of 93, with return on equity of 18.5%. Caution: its operating margin is just 0.4% and gross margin is 3.6%, so profits per sales dollar are very thin. Debt-to-equity is 0.72.
Stifel Financial Corp SF
Stifel Financial has a Quality score of 86, an operating margin of 18.2% and a low debt-to-equity ratio of 0.24. Return on equity is 15.9%. Caution: revenue growth of 6.7% is among the slowest on this list.
LPL Financial Holdings Inc. LPLA
LPL Financial grew revenue 37.2% and earns a return on equity of 17.5%, with a Quality score of 94. Caution: debt-to-equity is 1.33, and operating and other margin figures are not available, so profitability per sales dollar is unclear.
The Charles Schwab Corporation SCHW
Charles Schwab has a Quality score of 96 and an operating margin of 50.2%, both very strong. Revenue grew 22.0% and debt-to-equity is 0.45. Caution: its Opportunity score of 52 is much lower than its Quality score.
Tradeweb Markets Inc. TW
Tradeweb Markets has a Quality score of 92, an operating margin of 43.7% and almost no debt, with debt-to-equity of 0.02. Revenue grew 18.9%. Caution: its Opportunity score of 36 is one of the lowest here, and return on equity is 13.5%.
Robinhood Markets, Inc. HOOD
Robinhood Markets grew revenue 51.6%, one of the faster rates on this list, and earns a return on equity of 21.7%. Its Quality score is 75 and Opportunity is 48. Caution: margin and debt figures are not available, so profitability and leverage are unclear.
Figure Technology Solutions, Inc. Class A Common Stock FIGR
Figure Technology Solutions grew revenue 48.7% and has an operating margin of 28.4%, with return on equity of 16.8%. Debt-to-equity is 0.68. Caution: its Quality score of 69 and Opportunity score of 65 are lower than most peers here.
Miami International Holdings, Inc. MIAX
Miami International Holdings has a Quality score of 82 and very little debt, with debt-to-equity of 0.02. Gross margin is 34.3%. Caution: operating margin is only 7.9% and its Opportunity score is 40, the lowest on this list.
Common questions
What does a capital markets company do?
Capital markets companies help money move between investors, companies and governments. Depending on the firm, that can mean trading securities, advising on mergers, running exchanges and trading platforms, or providing brokerage services.
What do Marvin's Quality and Opportunity scores mean?
Quality describes the strength of a company's business, such as profitability and financial health, compared with other companies in its industry. Opportunity is a separate score on the same scale. Overall combines the scores. None of them is a prediction or a recommendation.
Why are some figures missing for certain stocks?
Not every company reports every figure in a way that fits the same measures. Banks and brokers, for example, often don't have a clear gross margin or free cash flow margin. When a figure is missing, Marvin leaves it out instead of guessing, so check the company's own reports for the full picture.
Keep reading
- Top 20 Financial Services Stocks, Ranked by Marvin Scores
- Top 15 Financial Services Stocks by Marvin's Opportunity Score
- Top 15 Financial Services Stocks Right Now
- Top 15 Financial Services Companies With the Strongest Businesses
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Marvin's scores (0-100) compare each company with others in its industry today. Growth and margin figures come from SEC filings. This is general information, not personal investment advice or a recommendation to buy or sell anything. Do your own research.