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TMX Group (X) Competitors

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C$53.38 -0.68 (-1.26%)
As of 08/14/2026 04:00 PM Eastern

X vs. CME, IGM, ONEX, GLXY, and CIX

Should you buy TMX Group stock or one of its competitors? TMX Group's main competitors and comparable companies include CME Group (CME), IGM Financial (IGM), Onex (ONEX), Galaxy Digital (GLXY), and CI Financial (CIX). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "capital markets" industry.

How does TMX Group compare to CME Group?

CME Group (CNSX:CME) and TMX Group (TSE:X) are both finance companies, but which is the superior investment? We will compare the two companies based on the strength of their profitability, earnings, dividends, media sentiment, risk, analyst recommendations, valuation and institutional ownership.

62.1% of TMX Group shares are held by institutional investors. 1.2% of TMX Group shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

In the previous week, TMX Group had 5 more articles in the media than CME Group. MarketBeat recorded 8 mentions for TMX Group and 3 mentions for CME Group. CME Group's average media sentiment score of 0.13 beat TMX Group's score of 0.13 indicating that CME Group is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
CME Group
0 Very Positive mention(s)
2 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
TMX Group
0 Very Positive mention(s)
3 Positive mention(s)
2 Neutral mention(s)
3 Negative mention(s)
0 Very Negative mention(s)
Neutral

TMX Group has a consensus target price of C$65.28, suggesting a potential upside of 22.29%. Given TMX Group's stronger consensus rating and higher probable upside, analysts clearly believe TMX Group is more favorable than CME Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
CME Group
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00
TMX Group
0 Sell rating(s)
2 Hold rating(s)
6 Buy rating(s)
1 Strong Buy rating(s)
2.89

TMX Group has a net margin of 16.84% compared to CME Group's net margin of 0.00%. TMX Group's return on equity of 3.81% beat CME Group's return on equity.

Company Net Margins Return on Equity Return on Assets
CME GroupN/A N/A N/A
TMX Group 16.84%3.81%2.76%

TMX Group has higher revenue and earnings than CME Group.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
CME GroupN/AN/AN/AN/AN/A
TMX GroupC$1.85B7.94C$482.27MC$2.1724.60

Summary

TMX Group beats CME Group on 11 of the 12 factors compared between the two stocks.

How does TMX Group compare to IGM Financial?

IGM Financial (TSE:IGM) and TMX Group (TSE:X) are both large-cap finance companies, but which is the superior business? We will contrast the two companies based on the strength of their media sentiment, valuation, analyst recommendations, profitability, risk, earnings, dividends and institutional ownership.

IGM Financial has a net margin of 29.82% compared to TMX Group's net margin of 16.84%. IGM Financial's return on equity of 12.91% beat TMX Group's return on equity.

Company Net Margins Return on Equity Return on Assets
IGM Financial29.82% 12.91% 4.51%
TMX Group 16.84%3.81%2.76%

IGM Financial has higher revenue and earnings than TMX Group. IGM Financial is trading at a lower price-to-earnings ratio than TMX Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
IGM FinancialC$4.09B5.03C$934.91MC$4.9418.02
TMX GroupC$1.85B7.94C$482.27MC$2.1724.60

IGM Financial has a beta of 1.041738, meaning that its stock price is 4% more volatile than the broader market. Comparatively, TMX Group has a beta of -0.151106, meaning that its stock price is 115% less volatile than the broader market.

IGM Financial currently has a consensus price target of C$82.00, suggesting a potential downside of 7.88%. TMX Group has a consensus price target of C$65.28, suggesting a potential upside of 22.29%. Given TMX Group's stronger consensus rating and higher possible upside, analysts clearly believe TMX Group is more favorable than IGM Financial.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
IGM Financial
0 Sell rating(s)
4 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.43
TMX Group
0 Sell rating(s)
2 Hold rating(s)
6 Buy rating(s)
1 Strong Buy rating(s)
2.89

In the previous week, TMX Group had 8 more articles in the media than IGM Financial. MarketBeat recorded 8 mentions for TMX Group and 0 mentions for IGM Financial. TMX Group's average media sentiment score of 0.13 beat IGM Financial's score of -1.33 indicating that TMX Group is being referred to more favorably in the news media.

Company Overall Sentiment
IGM Financial Negative
TMX Group Neutral

IGM Financial pays an annual dividend of C$2.37 per share and has a dividend yield of 2.7%. TMX Group pays an annual dividend of C$0.92 per share and has a dividend yield of 1.7%. IGM Financial pays out 47.9% of its earnings in the form of a dividend. TMX Group pays out 42.4% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

9.8% of IGM Financial shares are owned by institutional investors. Comparatively, 62.1% of TMX Group shares are owned by institutional investors. 66.6% of IGM Financial shares are owned by company insiders. Comparatively, 1.2% of TMX Group shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Summary

TMX Group beats IGM Financial on 10 of the 19 factors compared between the two stocks.

How does TMX Group compare to Onex?

Onex (TSE:ONEX) and TMX Group (TSE:X) are both finance companies, but which is the better business? We will contrast the two companies based on the strength of their analyst recommendations, risk, dividends, profitability, earnings, media sentiment, valuation and institutional ownership.

39.3% of Onex shares are held by institutional investors. Comparatively, 62.1% of TMX Group shares are held by institutional investors. 17.0% of Onex shares are held by company insiders. Comparatively, 1.2% of TMX Group shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Onex has a net margin of 96.42% compared to TMX Group's net margin of 16.84%. Onex's return on equity of 6.52% beat TMX Group's return on equity.

Company Net Margins Return on Equity Return on Assets
Onex96.42% 6.52% 4.04%
TMX Group 16.84%3.81%2.76%

Onex pays an annual dividend of C$0.29 per share and has a dividend yield of 0.3%. TMX Group pays an annual dividend of C$0.92 per share and has a dividend yield of 1.7%. Onex pays out 3.5% of its earnings in the form of a dividend. TMX Group pays out 42.4% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years.

Onex presently has a consensus target price of C$153.60, suggesting a potential upside of 32.98%. TMX Group has a consensus target price of C$65.28, suggesting a potential upside of 22.29%. Given Onex's higher probable upside, research analysts plainly believe Onex is more favorable than TMX Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Onex
0 Sell rating(s)
2 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.60
TMX Group
0 Sell rating(s)
2 Hold rating(s)
6 Buy rating(s)
1 Strong Buy rating(s)
2.89

In the previous week, Onex had 1 more articles in the media than TMX Group. MarketBeat recorded 9 mentions for Onex and 8 mentions for TMX Group. Onex's average media sentiment score of 0.39 beat TMX Group's score of 0.13 indicating that Onex is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Onex
1 Very Positive mention(s)
0 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
TMX Group
0 Very Positive mention(s)
3 Positive mention(s)
2 Neutral mention(s)
3 Negative mention(s)
0 Very Negative mention(s)
Neutral

Onex has a beta of 0.71334, suggesting that its stock price is 29% less volatile than the broader market. Comparatively, TMX Group has a beta of -0.151106, suggesting that its stock price is 115% less volatile than the broader market.

TMX Group has higher revenue and earnings than Onex. Onex is trading at a lower price-to-earnings ratio than TMX Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
OnexC$873M10.09C$441.34MC$8.2813.95
TMX GroupC$1.85B7.94C$482.27MC$2.1724.60

Summary

Onex beats TMX Group on 11 of the 19 factors compared between the two stocks.

How does TMX Group compare to Galaxy Digital?

TMX Group (TSE:X) and Galaxy Digital (TSE:GLXY) are both finance companies, but which is the better investment? We will compare the two businesses based on the strength of their media sentiment, earnings, analyst recommendations, dividends, valuation, institutional ownership, profitability and risk.

TMX Group currently has a consensus target price of C$65.28, indicating a potential upside of 22.29%. Given TMX Group's stronger consensus rating and higher probable upside, analysts plainly believe TMX Group is more favorable than Galaxy Digital.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
TMX Group
0 Sell rating(s)
2 Hold rating(s)
6 Buy rating(s)
1 Strong Buy rating(s)
2.89
Galaxy Digital
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00

62.1% of TMX Group shares are held by institutional investors. Comparatively, 56.6% of Galaxy Digital shares are held by institutional investors. 1.2% of TMX Group shares are held by company insiders. Comparatively, 2.1% of Galaxy Digital shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

In the previous week, TMX Group had 7 more articles in the media than Galaxy Digital. MarketBeat recorded 8 mentions for TMX Group and 1 mentions for Galaxy Digital. TMX Group's average media sentiment score of 0.13 beat Galaxy Digital's score of 0.00 indicating that TMX Group is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
TMX Group
0 Very Positive mention(s)
3 Positive mention(s)
2 Neutral mention(s)
3 Negative mention(s)
0 Very Negative mention(s)
Neutral
Galaxy Digital
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

TMX Group has a beta of -0.151106, meaning that its share price is 115% less volatile than the broader market. Comparatively, Galaxy Digital has a beta of 1.18511, meaning that its share price is 19% more volatile than the broader market.

Galaxy Digital has higher revenue and earnings than TMX Group. Galaxy Digital is trading at a lower price-to-earnings ratio than TMX Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
TMX GroupC$1.85B7.94C$482.27MC$2.1724.60
Galaxy DigitalC$43.76B0.12C$1.97B-C$0.61N/A

TMX Group has a net margin of 16.84% compared to Galaxy Digital's net margin of 0.57%. Galaxy Digital's return on equity of 18.71% beat TMX Group's return on equity.

Company Net Margins Return on Equity Return on Assets
TMX Group16.84% 3.81% 2.76%
Galaxy Digital 0.57%18.71%N/A

Summary

TMX Group beats Galaxy Digital on 12 of the 17 factors compared between the two stocks.

How does TMX Group compare to CI Financial?

TMX Group (TSE:X) and CI Financial (TSE:CIX) are both finance companies, but which is the superior business? We will contrast the two businesses based on the strength of their earnings, profitability, institutional ownership, valuation, media sentiment, dividends, analyst recommendations and risk.

In the previous week, TMX Group had 8 more articles in the media than CI Financial. MarketBeat recorded 8 mentions for TMX Group and 0 mentions for CI Financial. TMX Group's average media sentiment score of 0.13 beat CI Financial's score of 0.00 indicating that TMX Group is being referred to more favorably in the media.

Company Overall Sentiment
TMX Group Neutral
CI Financial Neutral

TMX Group has higher earnings, but lower revenue than CI Financial. CI Financial is trading at a lower price-to-earnings ratio than TMX Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
TMX GroupC$1.85B7.94C$482.27MC$2.1724.60
CI FinancialC$3.57B1.29-C$69.09M-C$0.48N/A

62.1% of TMX Group shares are held by institutional investors. Comparatively, 15.0% of CI Financial shares are held by institutional investors. 1.2% of TMX Group shares are held by company insiders. Comparatively, 15.8% of CI Financial shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

TMX Group presently has a consensus price target of C$65.28, suggesting a potential upside of 22.29%. Given TMX Group's stronger consensus rating and higher probable upside, equities research analysts plainly believe TMX Group is more favorable than CI Financial.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
TMX Group
0 Sell rating(s)
2 Hold rating(s)
6 Buy rating(s)
1 Strong Buy rating(s)
2.89
CI Financial
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
0.00

TMX Group pays an annual dividend of C$0.92 per share and has a dividend yield of 1.7%. CI Financial pays an annual dividend of C$0.80 per share and has a dividend yield of 2.5%. TMX Group pays out 42.4% of its earnings in the form of a dividend. CI Financial pays out -166.8% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. CI Financial has increased its dividend for 1 consecutive years. CI Financial is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

TMX Group has a net margin of 16.84% compared to CI Financial's net margin of 7.44%. CI Financial's return on equity of 30.09% beat TMX Group's return on equity.

Company Net Margins Return on Equity Return on Assets
TMX Group16.84% 3.81% 2.76%
CI Financial 7.44%30.09%4.87%

TMX Group has a beta of -0.151106, suggesting that its stock price is 115% less volatile than the broader market. Comparatively, CI Financial has a beta of 1.67, suggesting that its stock price is 67% more volatile than the broader market.

Summary

TMX Group beats CI Financial on 12 of the 20 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding X and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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X vs. The Competition

MetricTMX GroupCapital Markets IndustryFinance SectorTSE Exchange
Market CapC$14.70BC$5.70BC$14.10BC$12.54B
Dividend Yield1.81%7.37%5.87%6.20%
P/E Ratio24.6038.1329.3430.69
Price / Sales7.941,240.79514.949.75
Price / Cash15.9748.3337.4982.29
Price / Book2.863.693.684.60
Net IncomeC$482.27MC$417.15MC$1.31BC$299.09M
7 Day Performance2.38%0.56%0.73%0.93%
1 Month Performance5.33%0.71%1.52%4.00%
1 Year Performance-6.22%7.69%12.46%35.63%

TMX Group Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
X
TMX Group
3.692 of 5 stars
C$53.38
-1.3%
C$65.28
+22.3%
-6.2%C$14.70BC$1.85B24.6022,700
CME
CME Group
N/AN/AN/AN/A$0.00N/AN/A3,460
IGM
IGM Financial
1.4596 of 5 stars
C$89.50
+0.2%
C$82.00
-8.4%
+83.6%C$20.62BC$4.09B18.123,300
ONEX
Onex
3.4658 of 5 stars
C$114.86
+3.6%
C$150.00
+30.6%
+1.0%C$8.46BC$873M13.87492
GLXY
Galaxy Digital
N/AC$28.26
flat
N/AN/AC$5.39BC$43.76BN/A434

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This page (TSE:X) was last updated on 8/15/2026 by MarketBeat.com Staff.
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