MIAMI INTERNATIONAL HOLDINGS, INC.
MIAX
Analytical Summary
MIAMI INTERNATIONAL HOLDINGS, INC. faces fundamental challenges with weakness in Profit Margin (%). The fundamentals warrant careful consideration of downside risks.
5-Year Financial Trajectory
QuarterlyBullish Indicators
- No bullish signals detected.
Bearish Risks
- Profit Margin (%)Profit Margin (%) is in the bottom quartile
Health Breakdown
Statement lens
Choose the reporting cadence, isolate a period range, or search directly for a metric.
| Metric | Q1 FY2026 Dec 31, 2025 10-Q ↗ | Q4 FY2025 Dec 31, 2025 10-K ↗ | Q3 FY2025 Dec 31, 2024 10-Q ↗ | Q4 FY2024 Dec 31, 2024 10-K ↗ | Q4 FY2023 Dec 31, 2023 10-K ↗ |
|---|---|---|---|---|---|
| Operating Margin (%) (%) |
6.8%
Caution
↓
Caution
Declining
Operating income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-73%)
|
18.6%
Good
Good
Operating income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-26%)
|
-0.4%
Weak
Weak
Operating income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-102%)
|
— | — |
| Effective Tax Rate (%) (%) |
-1.0%
Excellent
↑
Excellent
Improving
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
0.7%
Excellent
Excellent
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
-94.7%
Excellent
Excellent
Actual taxes paid relative to pre-tax income
Optimal:
15-25%
|
— | — |
| Profit Margin (%) (%) |
-6.5%
Weak
↑
Weak
Improving
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-130%)
|
-30.9%
Weak
Weak
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-240%)
|
-1.2%
Weak
Weak
Net income as a percentage of revenue
Optimal:
> 15%
vs Sector:
Below avg (-105%)
|
— | — |
| FCF Margin (%) (%) |
2.0%
Weak
Weak
Free cash flow as a percentage of revenue
Optimal:
> 10%
|
17.0%
Good
Good
Free cash flow as a percentage of revenue
Optimal:
> 10%
|
— | — | — |
| FCF / Net Income (x) |
-0.30x
Weak
Weak
Free cash flow relative to reported net income
Optimal:
> 1x
|
-0.55x
Weak
Weak
Free cash flow relative to reported net income
Optimal:
> 1x
|
— | — | — |
| Metric | Q1 FY2026 Dec 31, 2025 10-Q ↗ | Q4 FY2025 Dec 31, 2025 10-K ↗ | Q3 FY2025 Dec 31, 2024 10-Q ↗ | Q4 FY2024 Dec 31, 2024 10-K ↗ | Q4 FY2023 Dec 31, 2023 10-K ↗ |
|---|---|---|---|---|---|
| Return on Invested Capital (%) |
2.6%
Weak
↓
Weak
Declining
Return earned on debt + equity capital invested
Optimal:
> 10%
|
6710.2%
Excellent
Excellent
Return earned on debt + equity capital invested
Optimal:
> 10%
|
-6.1%
Weak
Weak
Return earned on debt + equity capital invested
Optimal:
> 10%
|
— | — |
| Return on Capital (%) (%) |
1.8%
Weak
↓
Weak
Declining
Operating profit relative to total assets
Optimal:
> 10%
|
8.1%
Fair
Fair
Operating profit relative to total assets
Optimal:
> 10%
|
-0.1%
Weak
Weak
Operating profit relative to total assets
Optimal:
> 10%
|
— | — |
| Return on Common Equity (%) (%) |
-2.4%
Weak
Weak
Profit generated per dollar of shareholder equity
Optimal:
> 15%
vs Sector:
Below avg (-120%)
|
— | — | — | — |
| Metric | Q1 FY2026 Dec 31, 2025 10-Q ↗ | Q4 FY2025 Dec 31, 2025 10-K ↗ | Q3 FY2025 Dec 31, 2024 10-Q ↗ | Q4 FY2024 Dec 31, 2024 10-K ↗ | Q4 FY2023 Dec 31, 2023 10-K ↗ |
|---|---|---|---|---|---|
| Debt to Equity (x) |
0.00x
Excellent
Excellent
Total debt relative to shareholder equity
Optimal:
< 0.6x
vs Sector:
Below avg (-100%)
|
— | — | — | — |
| Interest Coverage (x) |
5.05x
Good
↓
Good
Declining
Operating income divided by interest expense
Optimal:
> 5x
|
30.07x
Excellent
Excellent
Operating income divided by interest expense
Optimal:
> 5x
|
-0.54x
Weak
Weak
Operating income divided by interest expense
Optimal:
> 5x
|
— | — |
| Net Debt (USD) | $-128.25M | $-432.14M | $-88.06M | $-113.31M | $-59.29M |
| Debt / EBITDA (x) |
0.05x
Excellent
↓
Excellent
Declining
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
0.01x
Excellent
Excellent
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
7.58x
Weak
Weak
Debt relative to earnings before interest, taxes, depreciation
Optimal:
< 2x
|
— | — |
| Metric | Q1 FY2026 Dec 31, 2025 10-Q ↗ | Q4 FY2025 Dec 31, 2025 10-K ↗ | Q3 FY2025 Dec 31, 2024 10-Q ↗ | Q4 FY2024 Dec 31, 2024 10-K ↗ | Q4 FY2023 Dec 31, 2023 10-K ↗ |
|---|---|---|---|---|---|
| Sales/Revenue/Turnover (USD) | $327.08M | $547.90M | $276.66M | — | — |
| Depreciation Expense (USD) | $6.17M | $12.27M | $6.04M | — | — |
| Net Income, GAAP (USD) | $-21.42M | $-169.26M | $-3.20M | — | — |
| Operating Cash Flow (USD) | $11.19M | $95.43M | — | — | — |
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Open lens
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Signals
Key bullish and bearish indicators for MIAX
No bullish signals detected
Profit Margin (%) is in the bottom quartile
Percentile Rankings
How MIAX compares to all companies
Peer Comparison
MIAX vs similar peers
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Stack MIAX against similar companies across every metric on this page.
north_east Open comparisonbar_chart Data from SEC EDGAR XBRL filings
Synced 1 week ago 3 years · 5 quarters