Overview Dividends

(TW) Tradeweb Markets - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US8926721064

Electronic Marketplace, Trading Platform, Analytics, Execution

TW EPS (Earnings per Share)

EPS Growth (3Y CAGR): -53.70%
EPS Trend (3Y Correlation): 2.0%

TW Revenue

Revenue Growth (3Y CAGR): 23.50%
Revenue Trend (3Y Correlation): 98.3%

Description: TW Tradeweb Markets October 14, 2025

Tradeweb Markets Inc. (NASDAQ:TW) operates global electronic marketplaces that enable institutional trading across rates, credit, money-markets, and equities, offering end-to-end services from pre-trade analytics to post-trade reporting.

Key performance indicators (as of FY 2023) include total revenue of $2.4 billion (≈ 12 % YoY growth), a net-profit margin of 15 %, and a 38 % increase in average daily trading volume driven primarily by its Fixed Income platform, which now processes roughly $8 trillion in notional per year. These figures reflect the company’s expanding market share in electronic fixed-income trading, where it competes with Bloomberg Trade Order Management Solutions and MarketAxess.

Sector-wide, the electronic trading market is being accelerated by three forces: (1) regulatory mandates favoring transparent, automated execution; (2) the ongoing shift of institutional investors toward low-latency, data-rich venues; and (3) a macro environment of modest interest-rate volatility that heightens demand for efficient rate and credit execution. Tradeweb’s diversified platform suite (Dealerweb, Tradeweb Direct, and hybrid voice-electronic solutions) positions it to capture incremental volume as dealers and asset managers continue digitizing their workflows.

For a deeper, data-driven assessment of Tradeweb’s valuation dynamics, you may find ValueRay’s quantitative analysis tools useful for uncovering hidden upside.

TW Stock Overview

Market Cap in USD	23,357m
Sub-Industry	Financial Exchanges & Data
IPO / Inception	2019-04-04

TW Stock Ratings

Growth Rating	48.9%
Fundamental	76.3%
Dividend Rating	52.3%
Return 12m vs S&P 500	-28.1%
Analyst Rating	4.0 of 5

TW Dividends

Dividend Yield 12m	0.41%
Yield on Cost 5y	0.80%
Annual Growth 5y	5.74%
Payout Consistency	98.6%
Payout Ratio	14.2%

TW Growth Ratios

Growth Correlation 3m	-95.6%
Growth Correlation 12m	-14.7%
Growth Correlation 5y	75.1%
CAGR 5y	27.82%
CAGR/Max DD 3y (Calmar Ratio)	0.92
CAGR/Mean DD 3y (Pain Ratio)	5.14
Sharpe Ratio 12m	1.30
Alpha	-32.00
Beta	0.858
Volatility	25.63%
Current Volume	1753.3k
Average Volume 20d	1718.6k
Stop Loss	107.6 (-3%)
Signal	0.09

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (558.3m TTM) > 0 and > 6% of Revenue (6% = 116.1m TTM)

FCFTA 0.12 (>2.0%) and ΔFCFTA 2.28pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 82.84% (prev 118.9%; Δ -36.06pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.13 (>3.0%) and CFO 1.04b > Net Income 558.3m (YES >=105%, WARN >=100%)

Net Debt (-1.60b) to EBITDA (1.08b) ratio: -1.48 <= 3.0 (WARN <= 3.5)

Current Ratio 2.77 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (215.0m) change vs 12m ago 0.04% (target <= -2.0% for YES)

Gross Margin 65.94% (prev 77.44%; Δ -11.49pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 25.23% (prev 20.76%; Δ 4.47pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 275.3 (EBITDA TTM 1.08b / Interest Expense TTM 3.04m) >= 6 (WARN >= 3)

Altman Z'' 3.53

(A) 0.20 = (Total Current Assets 2.51b - Total Current Liabilities 903.2m) / Total Assets 8.06b

(B) 0.15 = Retained Earnings (Balance) 1.25b / Total Assets 8.06b

(D) 0.94 = Book Value of Equity 1.25b / Total Liabilities 1.33b

Total Rating: 3.53 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 76.28

1. Piotroski 6.0pt = 1.0

2. FCF Yield 4.51% = 2.26

3. FCF Margin 50.72% = 7.50

4. Debt/Equity 0.01 = 2.50

5. Debt/Ebitda -1.48 = 2.50

6. ROIC - WACC (= 1.81)% = 2.26

7. RoE 9.49% = 0.79

8. Rev. Trend 98.34% = 7.38

9. EPS Trend 2.00% = 0.10

What is the price of TW shares?

As of October 28, 2025, the stock is trading at USD 110.95 with a total of 1,753,290 shares traded.
Over the past week, the price has changed by +1.90%, over one month by -0.03%, over three months by -19.41% and over the past year by -15.18%.

Is Tradeweb Markets a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Tradeweb Markets (NASDAQ:TW) is currently (October 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 76.28 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of TW is around 106.91 USD . This means that TW is currently overvalued and has a potential downside of -3.64%.

Is TW a buy, sell or hold?

Tradeweb Markets has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy TW.

Strong Buy: 6
Buy: 5
Hold: 4
Sell: 1
Strong Sell: 0

What are the forecasts/targets for the TW price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	134.3	21.1%
Analysts Target Price	134.3	21.1%
ValueRay Target Price	119.9	8.1%

TW Fundamental Data Overview October 20, 2025

Market Cap USD = 23.36b (23.36b USD * 1.0 USD.USD)
P/E Trailing = 41.2819
P/E Forward = 31.25
P/S = 12.0901
P/B = 3.779
P/EG = 2.5043
Beta = 0.858
Revenue TTM = 1.93b USD
EBIT TTM = 835.6m USD
EBITDA TTM = 1.08b USD
Long Term Debt = 32.3m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 32.3m USD (from shortTermDebt, last quarter)
Debt = 32.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.60b USD (from netDebt column, last quarter)
Enterprise Value = 21.76b USD (23.36b + Debt 32.3m - CCE 1.63b)
Interest Coverage Ratio = 275.3 (Ebit TTM 835.6m / Interest Expense TTM 3.04m)
FCF Yield = 4.51% (FCF TTM 981.5m / Enterprise Value 21.76b)
FCF Margin = 50.72% (FCF TTM 981.5m / Revenue TTM 1.93b)
Net Margin = 28.85% (Net Income TTM 558.3m / Revenue TTM 1.93b)
Gross Margin = 65.94% ((Revenue TTM 1.93b - Cost of Revenue TTM 658.9m) / Revenue TTM)
Gross Margin QoQ = 66.92% (prev 65.30%)
Tobins Q-Ratio = 2.70 (Enterprise Value 21.76b / Total Assets 8.06b)
Interest Expense / Debt = 1.33% (Interest Expense 429.0k / Debt 32.3m)
Taxrate = 22.70% (51.5m / 227.1m)
NOPAT = 645.9m (EBIT 835.6m * (1 - 22.70%))
Current Ratio = 2.77 (Total Current Assets 2.51b / Total Current Liabilities 903.2m)
Debt / Equity = 0.01 (Debt 32.3m / totalStockholderEquity, last quarter 6.10b)
Debt / EBITDA = -1.48 (Net Debt -1.60b / EBITDA 1.08b)
Debt / FCF = -1.63 (Net Debt -1.60b / FCF TTM 981.5m)
Total Stockholder Equity = 5.88b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.93% (Net Income 558.3m / Total Assets 8.06b)
RoE = 9.49% (Net Income TTM 558.3m / Total Stockholder Equity 5.88b)
RoCE = 14.12% (EBIT 835.6m / Capital Employed (Equity 5.88b + L.T.Debt 32.3m))
RoIC = 10.98% (NOPAT 645.9m / Invested Capital 5.88b)
WACC = 9.17% (E(23.36b)/V(23.39b) * Re(9.18%) + D(32.3m)/V(23.39b) * Rd(1.33%) * (1-Tc(0.23)))
Discount Rate = 9.18% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.27%
[DCF Debug] Terminal Value 76.42% ; FCFE base≈877.6m ; Y1≈1.01b ; Y5≈1.42b
Fair Price DCF = 171.2 (DCF Value 19.93b / Shares Outstanding 116.5m; 5y FCF grow 17.63% → 3.0% )
EPS Correlation: 2.00 | EPS CAGR: -53.70% | SUE: -4.0 | # QB: 0
Revenue Correlation: 98.34 | Revenue CAGR: 23.50% | SUE: -0.96 | # QB: 0

Additional Sources for TW Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle