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	23.7%
Value at Risk 5%th	36.8%
Relative Tail Risk	-5.84%

Reward TTM
Sharpe Ratio	-0.56
Alpha	-21.52

Character TTM
Hurst Exponent	0.406
Beta	0.429
Beta Downside	0.811

Drawdowns 3y
Max DD	30.36%
Mean DD	5.96%
Median DD	3.83%

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	24,039m
Sub-Industry	Financial Exchanges & Data
IPO / Inception	2019-04-04
Return 12m vs S&P 500	-26.5%
Analyst Rating	4.0 of 5

TW Dividends

Dividend Yield	0.53%
Yield on Cost 5y	1.01%
Yield CAGR 5y	5.74%
Payout Consistency	98.6%
Payout Ratio	14.3%

TW Growth Ratios

CAGR 3y	24.95%
CAGR/Max DD Calmar Ratio	0.82
CAGR/Mean DD Pain Ratio	4.18
Current Volume	1351.1k
Average Volume	1350k

Piotroski VR‑10 (Strict, 0-10) 7.0

Net Income (630.0m 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 82.69% (prev 72.90%; Δ 9.79pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.14 (>3.0%) and CFO 1.09b > Net Income 630.0m (YES >=105%, WARN >=100%)

Net Debt (-1.77b) to EBITDA (1.18b) ratio: -1.50 <= 3.0 (WARN <= 3.5)

Current Ratio 4.11 (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 66.13% (prev 64.07%; Δ 2.06pp) >=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 440.8 (EBITDA TTM 1.18b / Interest Expense TTM 2.11m) >= 6 (WARN >= 3)

Altman Z'' 4.14

(A) 0.21 = (Total Current Assets 2.18b - Total Current Liabilities 529.9m) / 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: 4.14 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 85.53

1. Piotroski 7.0pt = 2.0

2. FCF Yield 4.65% = 2.32

3. FCF Margin 51.87% = 7.50

4. Debt/Equity 0.02 = 2.50

5. Debt/Ebitda -1.50 = 2.50

6. ROIC - WACC (= 4.49)% = 5.62

7. RoE 10.45% = 0.87

8. Rev. Trend 97.76% = 7.33

9. EPS Trend 97.64% = 4.88

What is the price of TW shares?

As of November 18, 2025, the stock is trading at USD 109.65 with a total of 1,351,091 shares traded.
Over the past week, the price has changed by +0.13%, over one month by +2.55%, over three months by -14.76% and over the past year by -15.74%.

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 85.53 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 105.61 USD . This means that TW is currently overvalued and has a potential downside of -3.68%.

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	131	19.5%
Analysts Target Price	131	19.5%
ValueRay Target Price	116.8	6.5%

TW Fundamental Data Overview November 17, 2025

Market Cap USD = 24.04b (24.04b USD * 1.0 USD.USD)
P/E Trailing = 37.2517
P/E Forward = 31.25
P/S = 12.065
P/B = 3.7215
P/EG = 2.5021
Beta = 0.838
Revenue TTM = 1.99b USD
EBIT TTM = 930.6m USD
EBITDA TTM = 1.18b USD
Long Term Debt = 135.6m USD (from capitalLeaseObligations, last quarter)
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 = 22.27b USD (24.04b + Debt 135.6m - CCE 1.91b)
Interest Coverage Ratio = 440.8 (Ebit TTM 930.6m / Interest Expense TTM 2.11m)
FCF Yield = 4.65% (FCF TTM 1.03b / Enterprise Value 22.27b)
FCF Margin = 51.87% (FCF TTM 1.03b / Revenue TTM 1.99b)
Net Margin = 31.59% (Net Income TTM 630.0m / Revenue TTM 1.99b)
Gross Margin = 66.13% ((Revenue TTM 1.99b - Cost of Revenue TTM 675.5m) / Revenue TTM)
Gross Margin QoQ = 66.25% (prev 66.92%)
Tobins Q-Ratio = 2.78 (Enterprise Value 22.27b / Total Assets 8.00b)
Interest Expense / Debt = 0.38% (Interest Expense 522.0k / Debt 135.6m)
Taxrate = 21.91% (59.1m / 269.6m)
NOPAT = 726.7m (EBIT 930.6m * (1 - 21.91%))
Current Ratio = 4.11 (Total Current Assets 2.18b / Total Current Liabilities 529.9m)
Debt / Equity = 0.02 (Debt 135.6m / totalStockholderEquity, last quarter 6.28b)
Debt / EBITDA = -1.50 (Net Debt -1.77b / EBITDA 1.18b)
Debt / FCF = -1.71 (Net Debt -1.77b / FCF TTM 1.03b)
Total Stockholder Equity = 6.03b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.88% (Net Income 630.0m / Total Assets 8.00b)
RoE = 10.45% (Net Income TTM 630.0m / Total Stockholder Equity 6.03b)
RoCE = 15.10% (EBIT 930.6m / Capital Employed (Equity 6.03b + L.T.Debt 135.6m))
RoIC = 12.05% (NOPAT 726.7m / Invested Capital 6.03b)
WACC = 7.56% (E(24.04b)/V(24.17b) * Re(7.60%) + D(135.6m)/V(24.17b) * Rd(0.38%) * (1-Tc(0.22)))
Discount Rate = 7.60% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 0.27%
[DCF Debug] Terminal Value 80.69% ; FCFE base≈939.7m ; Y1≈1.10b ; Y5≈1.66b
Fair Price DCF = 244.3 (DCF Value 28.46b / 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