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Company Analysis

Tradeweb Markets Inc. TW

A comprehensive view of key metrics, scores, and financial health for Tradeweb Markets Inc.

Overview of Tradeweb Markets Inc.

TW NMS
Financial Services Capital Markets Framework: Asset Management & Capital Markets Large Cap
Tradeweb Markets Inc. (TW), is a Large Cap company, in the Capital Markets industry, last closed at $97.29, about 19.8% overvalued vs fair value, -33.4% 1Y return, placing in the top 25% of its sector.
Metrics P/E 28.4× Rev Growth 18.9% ROE 13.2% Gross Margin 67.3% Div Yield 0.45%
USD 97.29
-3.21%
(Delayed)
• Vol 90d: 32.4%
52-Week Range
Market Cap
$21.26B
Enterprise Value
$19.47B
Overall Score
View breakdown
Overall
Growth
Fair
Profitability
Good
Health
Fair
Efficiency
Fair
Valuation
Good
Growth
Fair
Profitability
Good
Health
Fair
Efficiency
Fair
Valuation
Good
Completeness: 82%
Confidence: 86%
Updated: Jul 5
Top Beats

Quick Facts

Website https://www.tradeweb.com
HQ New York, NY
Employees 1,569
Fiscal year Dec 31

Next Events

Earnings Jul 30

Fair Value Snapshot

Bear Base Bull
$59
$78
$107
Current: $97.29 -20% vs base

Engine Room Money Flow™

Large Cap

Asset Management & Capital Markets - Where revenue goes and how value is created

Flow Steps
Total Revenue
$2.1B
18.9%%
Operating Income (FRE Proxy)
$845.1M
23.2%%
EBITDA
$1.4B
45.8%%
Net Income
$812.8M
62.1%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Asset Management & Capital Markets

Quality & Reliability Indicators

Operating Margin (FRE Proxy)
41.2%
Excellent

Operating Income / Revenue — proxy for Fee-Related Earnings margin

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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$206.5M
25.4% of Net Income

Where It Leaks

Cash Flow Health some concerns
Moderate efficiency issues detected. Review active leaks below for improvement areas.
1
Active Leaks
0/1
Improving
0
High Impact
0
Critical
Moat Analysis Asset Management Specialized

Competitive Advantage Assessment

Evaluating Tradeweb Markets Inc.'s durable competitive advantages across 6 defense dimensions

Overall Moat Strength
72
/100
Moderate
Scores based on quantitative metrics and qualitative factors

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Fee Revenue Quality

Moderate
70
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For informational purposes only. Not investment advice.

Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Asset Managers, Capital Markets & Exchanges vs Industry Peers 100% Coverage
Trade-Off Triangle Visualization A ternary plot showing TW's balance between Growth (33.0%), Profitability (28.8%), and Safety (38.3%). Growth 33% Safety 38% Profitability 29%

Click axes to expand details. Marker shows current allocation.

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Growth

74th percentile vs peers
74
Key Signals
Rev Growth YoY 18.9% 70p EPS Growth YoY 62.1% 78p EPS CAGR 3Y 36.6% 86p Revenue CAGR 3Y 20.0% 64p
Strengths
  • EPS CAGR 3Y in top 20% of peers (36.6%, 86th percentile)
  • Interest Coverage Ratio in top 20% of peers (606.34, 96th percentile)
  • D/E Ratio in top 20% of peers (2.1%, 87th percentile)
  • Debt/Assets in top 20% of peers (1.7%, 90th percentile)
Risks

No significant risks identified for this axis.

Profitability

64th percentile vs peers
65
Key Signals
Strengths
Risks
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Safety

86th percentile vs peers
86
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Tradeweb Markets Inc..

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

  • Recently listed companies (IPOs, SPACs)
  • Shell companies or holding companies
  • Companies that haven't filed recent financials
  • Foreign companies with limited data coverage
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Bear
-
- - -
- upside
-
Base
$78.02
- - -
-19.8% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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