Miami International Holdings
MIAX
30.18
-0.61
-1.98%
Miami International Holdings
US · MIAX
#2409 by market cap
Listed 2025
30.18
-0.61
-1.98%
Live - 5344 symbols - heartbeat 96s ago
· 2026-10-08 08:26
Pre-market
30.18
0.00%
After-hours
30.15
-0.10%
- Market cap
- 2.99B
- P/E (TTM)i
- 20.91
- P/Bi
- 2.60
- EPSi
- -0.82
- Div yieldi
- 0.00%
- 52W posi
- 3%
Reader sentiment
Are you bullish or bearish on MIAX?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 5.87, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 6 years
Latest year +19.65% YoY
Margins
- Gross margin
- 31.56%
- Operating margin
- 6.95%
- Net margin
- -5.13%
Key ratios & quality
- Altman Z-Scorei
- 5.87
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | 452.36M | 751.54M | 797.92M | 1.04B | 1.14B | 1.36B |
| Gross profit | 113.80M | 181.34M | 195.64M | 232.47M | 275.64M | 430.53M |
| Selling & admin expenses | 82.26M | 122.25M | 151.00M | 189.07M | 225.93M | 270.92M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 2.77M | 23.72M | 7.75M | -143.00K | -2.83M | 94.87M |
| Pretax profit | -44.89M | -90.58M | 50.11M | -22.07M | 105.08M | -68.58M |
| Tax | -12.82M | 2.98M | -7.22M | -697.00K | 3.10M | 1.45M |
| Net profit | -32.07M | -93.56M | 57.33M | -21.37M | 101.99M | -70.03M |
| Basic EPS | 0 | -1 | 1 | 0 | 1 | -1 |
| Diluted EPS | -0.40 | -1.18 | 0.72 | -0.26 | 1.29 | -1.00 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 327.08M | 327.78M | 339.78M | 369.43M | 369.69M | 387.63M |
| Gross profit | 91.88M | 104.66M | 109.48M | 124.50M | 128.59M | 141.11M |
| Selling & admin expenses | 55.22M | 59.34M | 92.27M | 64.09M | 65.05M | 64.34M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | 22.95M | 29.54M | -305.00K | 42.69M | 45.97M | 57.80M |
| Pretax profit | -21.21M | 24.66M | -102.89M | 30.87M | 100.05M | 28.78M |
| Tax | 210.00K | 1.13M | -810.00K | 922.00K | -70.18M | -15.43M |
| Net profit | -21.42M | 23.53M | -102.08M | 29.94M | 170.22M | 44.21M |
| Basic EPS | 0 | 0 | -1 | 1 | 2 | 0 |
| Diluted EPS | -0.27 | 0.30 | -1.46 | 0.51 | 1.56 | 0.40 |
Balance sheet
| Line item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total current assets | 182.38M | 313.69M | 478.73M | 386.18M | 572.82M | 855.21M |
| Cash & ST investments | 51.18M | 160.90M | 126.45M | 59.29M | 150.34M | 433.65M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 391.91M | 535.27M | 755.37M | 719.84M | 973.65M | 1.26B |
| Total current liabilities | 164.54M | 185.78M | 393.31M | 448.94M | 405.22M | 337.26M |
| Short-term debt | 9.86M | 17.51M | 36.41M | 116.85M | 11.54M | 8.20M |
| Long-term debt | 86.24M | 149.08M | 115.51M | 6.18M | 32.27M | -- |
| Total liabilities | 453,493,000.00 | 648,815,000.00 | 755,480,000.00 | 556,062,000.00 | 606,034,000.00 | 378,408,000.00 |
| Total equity | -61.59M | -113.54M | -107.00K | 163.78M | 367.62M | 881.02M |
| Retained earnings | -611.75M | -705.16M | -647.61M | -668.50M | -562.31M | -632.34M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 545.41M | 573.68M | 792.02M | 855.21M | 971.37M | 1.10B |
| Cash & ST investments | 129.76M | 195.32M | 401.48M | 433.65M | 550.79M | 660.46M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 923.67M | 1.02B | 1.23B | 1.26B | 1.44B | 1.60B |
| Total current liabilities | 340.62M | 347.88M | 349.29M | 337.26M | 350.90M | 423.17M |
| Short-term debt | 10.88M | 11.29M | 11.25M | 8.20M | 8.14M | 7.95M |
| Long-term debt | 33.22M | 69.25M | 1.51M | -- | -- | -- |
| Total liabilities | 543,909,000.00 | 603,324,000.00 | 393,361,000.00 | 378,408,000.00 | 378,624,000.00 | 450,086,000.00 |
| Total equity | 379.76M | 418.27M | 831.91M | 881.02M | 1.07B | 1.15B |
| Retained earnings | -583.73M | -560.20M | -662.28M | -632.34M | -462.12M | -417.91M |
Cash flow
| Line item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | 120.34M | 24.23M | 121.63M | -49.20M | 111.44M | 167.83M |
| Depreciation & amortization | 17.36M | 21.06M | 20.28M | 21.03M | 23.37M | 29.38M |
| Free cash flow | 102.46M | 6.17M | 101.60M | -75.09M | 72.43M | 132.97M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 14.25M | 21.84M | 9.57M | 16.44M | 10.04M | 381.33M |
| Ending cash balance | 131.09M | 247.74M | 306.09M | 176.14M | 276.40M | 557.58M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 11.19M | 54.95M | 54.70M | 46.99M | 60.87M | 122.77M |
| Depreciation & amortization | 6.17M | 6.94M | 8.23M | 8.04M | 8.09M | 8.78M |
| Free cash flow | 3.05M | 39.58M | 50.18M | 40.16M | 46.60M | 103.96M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 70.00K | 4.24M | 372.86M | 4.16M | 20.43M | 36.79M |
| Ending cash balance | 277.53M | 299.91M | 524.35M | 557.58M | 670.70M | 804.29M |
Returns & efficiency
| Line item | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| ROE %i | -- | -- | -- | -31.28 | 38.37 | -11.22 |
| ROA %i | -8.14 | -18.93 | 5.50 | -3.34 | 11.57 | -6.27 |
| ROIC %i | -- | -- | -- | -4.72 | 32.17 | -10.61 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -6.82 | -8.54 | 5.77 | -1.08 | 10.44 | -4.08 |
| FCF / sales %i | 22.65 | 0.75 | 11.78 | -- | 6.35 | 9.75 |
| Current ratioi | 1.11 | 1.69 | 1.22 | 0.86 | 1.41 | 2.54 |
| Quick ratioi | 0.59 | 1.18 | 0.72 | 0.53 | 0.94 | 1.95 |
| Debt / assetsi | 25.18 | 31.12 | 20.11 | 17.09 | 4.50 | 0.65 |
| LT debt / equityi | -- | -- | 42,779.63 | 3.76 | 8.78 | -- |
| Interest coveragei | -2.20 | -3.63 | 2.31 | -0.71 | 8.53 | -4.32 |
| Revenue CAGR (3Y) %i | -- | -- | -- | 32.02 | 14.90 | 19.57 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | 127.26 | 9.38 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 22.55 | 0.47 | -16.39 | -11.22 | 16.83 | 18.14 |
| ROA %i | 9.27 | 0.18 | -9.26 | -6.27 | 10.27 | 10.85 |
| ROIC %i | 22.52 | 2.43 | -14.29 | -10.61 | 16.28 | 16.96 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 8.64 | 1.67 | -6.00 | -4.08 | 4.35 | 4.12 |
| FCF / sales %i | 4.12 | 0.52 | 9.31 | 9.75 | 12.55 | 16.43 |
| Current ratioi | 1.60 | 1.65 | 2.27 | 2.54 | 2.77 | 2.61 |
| Quick ratioi | 1.02 | 1.21 | 1.77 | 1.95 | 2.28 | 2.15 |
| Debt / assetsi | 4.77 | 7.88 | 1.04 | 0.65 | 0.56 | 0.50 |
| LT debt / equityi | 8.75 | 16.56 | 0.18 | -- | -- | -- |
| Interest coveragei | 7.27 | 1.32 | -4.62 | -4.32 | 7.20 | 16.59 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Options is the largest reported line at 81.65% of revenue, across 5 reported segments.
- The next-largest line, Equities, is a distant second at 10.47% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Options81.65%
Equities10.47%
Futures6.34%
International1.48%
Quote time 2026-10-08 08:26:00 · For reference only, not investment advice and not tailored to your situation.