Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
IEX Group N.V. operates as an equities trading platform dedicated to enhancing fairness and transparency within the financial markets. The primary function of IEX Group is to offer a marketplace that prioritizes investor protection, mainly through its innovative use of technology. Central to its operations is the 'speed bump,' a pioneering mechanism that introduces a 350-microsecond delay on all orders, designed to counteract the advantages of high-frequency trading and to ensure a more equitable trading environment for all participants. IEX Group N.V. provides its services primarily to institutional investors, trading firms, and smaller broker-dealers, enabling them to minimize the impacts of latency arbitrage and price manipulation. Renowned for its role in promoting fairer trading practices, IEX has significantly influenced market structure debates and has driven changes aimed at improving market efficiency and integrity. Through its commitment to transparency, IEX continues to be a vital part of the equities trading landscape, encouraging best practices and fostering a market ecosystem that benefits a broad range of market participants.
Margins and capital returns are both well above average: 25.44% operating margin, ROIC at 55.18%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue declined 0.4% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 19% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
€5M
▼ -0.4% YoY
Net Income (TTM)
€1M
▲ +31.8% YoY
Op. Margin
25.44%
▲ +1.0pp YoY
ROIC
55.18%
▲ +11.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€1M
▼ -18.9% YoY
Op. Cash Flow (TTM)
€1M
▼ -32.1% YoY
Net Debt
-€140K
Net Cash Position
Cash & Equiv.
€1M
3Y CAGR: -14.1%
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