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MIAMI INTERNATIONAL HOLDINGS, INC.

MIAX

$44.17 ▼ -1.24 (-2.73%) at close

3 Visible periods

22 Metrics

Peer-ranked Benchmarks

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Health

Weak

Bearish

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Analytical Summary

MIAMI INTERNATIONAL HOLDINGS, INC. faces fundamental challenges with weakness in Profit Margin (%). The fundamentals warrant careful consideration of downside risks.

Market Cap $3.1B

Dividend Yield —

Revenue Growth 19.6% ↗

Op. Margin 6.7% ↗

ROIC 6227.6% ↗

FCF / Share $2.08 ↗

Trailing P/E —

Price / Book —

FCF Yield 4.7%

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

3-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$1.36B

↑ +19.6% —

Net Income Profit after all expenses

$-70.03M

↓ -168.6% —

Operating Margin Operating profit as % of sales

6.7%

↑ +2820.9% 48th

FCF / Share Free cash flow per share

$2.08

↑ +48.8% —

Long-Term Debt Long-term obligations

$1.51M

↓ -95.9% —

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Bullish Indicators

No bullish signals detected.

warning

Bearish Risks

Profit Margin (%)Profit Margin (%) is in the bottom quartile

Health Breakdown

Profitability ↓

Financial Health

Cash Quality

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📈 Is growth accelerating? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗
Revenue Growth YoY (%)	19.6% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+227%)	9.5% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+59%)	—
FCF Growth YoY (%)	48.8% Excellent Excellent Year-over-year change in free cash flow	N/M	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗
Operating Margin (%) (%)	6.7% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-73%)	-0.2% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-101%)	-0.3% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-101%)
Effective Tax Rate (%) (%)	-2.1% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.9% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	3.2% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%
Profit Margin (%) (%)	-5.1% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-123%)	9.0% Caution Caution Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-59%)	-2.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-109%)
FCF Margin (%) (%)	10.6% Fair ↑ Fair Improving Free cash flow as a percentage of revenue Optimal: > 10%	7.4% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	-6.3% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%
FCF / Net Income (x)	-2.07x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.83x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	3.13x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x

🎯 Is capital allocation efficient? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗
Return on Invested Capital (%)	6227.6% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	-7.4% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	7.3% Fair Fair Operating profit relative to total assets Optimal: > 10%	-0.3% Weak Weak Operating profit relative to total assets Optimal: > 10%	—

⚖️ Is the balance sheet risky? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗
Interest Coverage (x)	7.16x Good ↑ Good Improving Operating income divided by interest expense Optimal: > 5x	-0.20x Weak Weak Operating income divided by interest expense Optimal: > 5x	-0.15x Weak Weak Operating income divided by interest expense Optimal: > 5x
Net Debt (USD)	$-432.14M	$-113.31M	$-59.29M
Debt / EBITDA (x)	0.01x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.80x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—

📊 What does each share earn? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗
Revenue per Share (USD)	$19.53	$18.78	$18.44
Basic EPS, GAAP (USD)	$-1.00	$1.68	$-0.37
Free Cash Flow per Share (USD)	$2.08	$1.40	$-1.16
Basic Weighted Avg Shares (shares)	69.84M	60.70M	56.46M

🏦 How resilient is the balance sheet? 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗
Working Capital (USD)	$517.95M	$167.59M	—
LT Debt (USD)	$1.51M	$37.03M	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗
Sales/Revenue/Turnover (USD)	$1.36B	$1.14B	$1.04B
Depreciation Expense (USD)	$29.38M	$23.37M	$21.03M
Net Income, GAAP (USD)	$-70.03M	$102.12M	$-20.89M
Operating Cash Flow (USD)	$167.83M	$111.44M	$-49.20M

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Synced 1 week ago 3 years · 5 quarters

MIAMI INTERNATIONAL HOLDINGS, INC.

Analytical Summary

3-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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