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): 23.21%
EPS Trend (3Y Correlation): 97.6%

TW Revenue

Revenue Growth (3Y CAGR): 22.20%
Revenue Trend (3Y Correlation): 97.8%

Risk via 10d forecast
Volatility	24.9%
Value at Risk 5%th	38.7%

Reward
Sharpe Ratio	-0.56
Alpha	-30.99

Character
Hurst Exponent	0.241
Beta	0.858

Drawdowns 3y
Max DD	30.36%
Mean DD	5.79%

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	23,025m
Sub-Industry	Financial Exchanges & Data
IPO / Inception	2019-04-04
Return 12m vs S&P 500	-26.37%
Analyst Rating	4.0 of 5

TW Dividends

Dividend Yield	0.42%
Yield on Cost 5y	0.80%
Yield CAGR 5y	5.74%
Payout Consistency	98.6%
Payout Ratio	13.7%

TW Growth Ratios

CAGR	23.36%
CAGR/Max DD Calmar Ratio	0.77
CAGR/Mean DD Pain Ratio	4.04
Current Volume	1350k
Average Volume	1608k

Piotroski VR‑10 (Strict, 0-10) 5.5

Net Income (654.9m TTM) > 0 and > 6% of Revenue (6% = 119.7m TTM)

FCFTA 0.13 (>2.0%) and ΔFCFTA 2.07pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 100.6% (prev 72.90%; Δ 27.74pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.14 (>3.0%) and CFO 1.09b > Net Income 654.9m (YES >=105%, WARN >=100%)

Net Debt (-1.77b) to EBITDA (1.04b) ratio: -1.70 <= 3.0 (WARN <= 3.5)

Current Ratio 12.68 (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 -0.05% (target <= -2.0% for YES)

Gross Margin 66.39% (prev 76.40%; Δ -10.01pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 26.02% (prev 22.25%; Δ 3.76pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 372.6 (EBITDA TTM 1.04b / Interest Expense TTM 2.11m) >= 6 (WARN >= 3)

Altman Z'' 4.31

(A) 0.25 = (Total Current Assets 2.18b - Total Current Liabilities 171.9m) / Total Assets 8.00b

(B) 0.18 = Retained Earnings (Balance) 1.41b / Total Assets 8.00b

(D) 1.33 = Book Value of Equity 1.42b / Total Liabilities 1.06b

Total Rating: 4.31 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 80.06

1. Piotroski 5.50pt = 0.50

2. FCF Yield 4.87% = 2.43

3. FCF Margin 51.87% = 7.50

4. Debt/Equity 0.02 = 2.50

5. Debt/Ebitda -1.70 = 2.50

6. ROIC - WACC (= 1.20)% = 1.50

7. RoE 10.86% = 0.91

8. Rev. Trend 97.76% = 7.33

9. EPS Trend 97.64% = 4.88

What is the price of TW shares?

As of November 11, 2025, the stock is trading at USD 109.11 with a total of 1,350,030 shares traded.
Over the past week, the price has changed by +3.97%, over one month by +2.26%, over three months by -18.71% and over the past year by -15.18%.

Is Tradeweb Markets a good stock to buy?

Yes, based on ValueRay´s Fundamental Analyses, Tradeweb Markets (NASDAQ:TW) is currently (November 2025) a good stock to buy. It has a ValueRay Fundamental Rating of 80.06 and therefor a positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of TW is around 102.18 USD . This means that TW is currently overvalued and has a potential downside of -6.35%.

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	132.1	21.1%
Analysts Target Price	132.1	21.1%
ValueRay Target Price	114.6	5%

TW Fundamental Data Overview November 02, 2025

Market Cap USD = 23.03b (23.03b USD * 1.0 USD.USD)
P/E Trailing = 35.9693
P/E Forward = 31.25
P/S = 11.5562
P/B = 3.779
P/EG = 2.5043
Beta = 0.858
Revenue TTM = 1.99b USD
EBIT TTM = 786.5m USD
EBITDA TTM = 1.04b USD
Long Term Debt = 35.7m USD (from capitalLeaseObligations, last fiscal year)
Short Term Debt = 135.6m USD (from shortTermDebt, last quarter)
Debt = 135.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.77b USD (from netDebt column, last quarter)
Enterprise Value = 21.25b USD (23.03b + Debt 135.6m - CCE 1.91b)
Interest Coverage Ratio = 372.6 (Ebit TTM 786.5m / Interest Expense TTM 2.11m)
FCF Yield = 4.87% (FCF TTM 1.03b / Enterprise Value 21.25b)
FCF Margin = 51.87% (FCF TTM 1.03b / Revenue TTM 1.99b)
Net Margin = 32.83% (Net Income TTM 654.9m / Revenue TTM 1.99b)
Gross Margin = 66.39% ((Revenue TTM 1.99b - Cost of Revenue TTM 670.4m) / Revenue TTM)
Gross Margin QoQ = 66.25% (prev 66.92%)
Tobins Q-Ratio = 2.66 (Enterprise Value 21.25b / Total Assets 8.00b)
Interest Expense / Debt = 0.38% (Interest Expense 522.0k / Debt 135.6m)
Taxrate = 21.91% (59.1m / 269.6m)
NOPAT = 614.2m (EBIT 786.5m * (1 - 21.91%))
Current Ratio = 12.68 (Total Current Assets 2.18b / Total Current Liabilities 171.9m)
Debt / Equity = 0.02 (Debt 135.6m / totalStockholderEquity, last quarter 6.28b)
Debt / EBITDA = -1.70 (Net Debt -1.77b / EBITDA 1.04b)
Debt / FCF = -1.71 (Net Debt -1.77b / FCF TTM 1.03b)
Total Stockholder Equity = 6.03b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.19% (Net Income 654.9m / Total Assets 8.00b)
RoE = 10.86% (Net Income TTM 654.9m / Total Stockholder Equity 6.03b)
RoCE = 12.97% (EBIT 786.5m / Capital Employed (Equity 6.03b + L.T.Debt 35.7m))
RoIC = 10.33% (NOPAT 614.2m / Invested Capital 5.95b)
WACC = 9.13% (E(23.03b)/V(23.16b) * Re(9.18%) + D(135.6m)/V(23.16b) * Rd(0.38%) * (1-Tc(0.22)))
Discount Rate = 9.18% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.67%
[DCF Debug] Terminal Value 76.99% ; FCFE base≈939.7m ; Y1≈1.10b ; Y5≈1.66b
Fair Price DCF = 198.6 (DCF Value 23.14b / Shares Outstanding 116.5m; 5y FCF grow 18.05% → 3.0% )
EPS Correlation: 97.64 | EPS CAGR: 23.21% | SUE: 0.0 | # QB: 0
Revenue Correlation: 97.76 | Revenue CAGR: 22.20% | SUE: 0.38 | # QB: 0

Additional Sources for TW Stock

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