TRADEWEB MARKETS INC-CLASS A (TW) Fundamental Analysis & Valuation

NASDAQ:TW • US8926721064

Current stock price

111.44 USD
-1.85 (-1.63%)
At close:
111.44 USD
0 (0%)
After Hours:

This TW fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. TW Profitability Analysis

1.1 Basic Checks

  • In the past year TW was profitable.
  • In the past year TW had a positive cash flow from operations.
  • TW had positive earnings in each of the past 5 years.
  • TW had a positive operating cash flow in each of the past 5 years.
TW Yearly Net Income VS EBIT VS OCF VS FCFTW Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 9.90%, TW belongs to the top of the industry, outperforming 84.10% of the companies in the same industry.
  • With a decent Return On Equity value of 12.46%, TW is doing good in the industry, outperforming 68.20% of the companies in the same industry.
  • TW has a better Return On Invested Capital (8.42%) than 80.75% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for TW is in line with the industry average of 7.30%.
  • The last Return On Invested Capital (8.42%) for TW is above the 3 year average (7.37%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 9.9%
ROE 12.46%
ROIC 8.42%
ROA(3y)7.32%
ROA(5y)6.14%
ROE(3y)9.3%
ROE(5y)7.8%
ROIC(3y)7.37%
ROIC(5y)6.44%
TW Yearly ROA, ROE, ROICTW Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 39.50%, TW belongs to the top of the industry, outperforming 84.94% of the companies in the same industry.
  • In the last couple of years the Profit Margin of TW has grown nicely.
  • Looking at the Operating Margin, with a value of 40.51%, TW is in the better half of the industry, outperforming 72.38% of the companies in the same industry.
  • TW's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 40.51%
PM (TTM) 39.5%
GM N/A
OM growth 3Y5.29%
OM growth 5Y6.54%
PM growth 3Y15.03%
PM growth 5Y16.26%
GM growth 3YN/A
GM growth 5YN/A
TW Yearly Profit, Operating, Gross MarginsTW Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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9

2. TW Health Analysis

2.1 Basic Checks

  • TW has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for TW has been increased compared to 5 years ago.
  • TW has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
TW Yearly Shares OutstandingTW Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
TW Yearly Total Debt VS Total AssetsTW Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • An Altman-Z score of 9.73 indicates that TW is not in any danger for bankruptcy at the moment.
  • The Altman-Z score of TW (9.73) is better than 94.14% of its industry peers.
  • TW has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 9.73
ROIC/WACCN/A
WACCN/A
TW Yearly LT Debt VS Equity VS FCFTW Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.3 Liquidity

  • TW has a Current Ratio of 4.12. This indicates that TW is financially healthy and has no problem in meeting its short term obligations.
  • TW has a Current ratio of 4.12. This is amongst the best in the industry. TW outperforms 85.36% of its industry peers.
  • TW has a Quick Ratio of 4.12. This indicates that TW is financially healthy and has no problem in meeting its short term obligations.
  • The Quick ratio of TW (4.12) is better than 85.77% of its industry peers.
Industry RankSector Rank
Current Ratio 4.12
Quick Ratio 4.12
TW Yearly Current Assets VS Current LiabilitesTW Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. TW Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 18.84% over the past year.
  • The Earnings Per Share has been growing by 21.51% on average over the past years. This is a very strong growth
  • TW shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 18.92%.
  • TW shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 18.12% yearly.
EPS 1Y (TTM)18.84%
EPS 3Y22.45%
EPS 5Y21.51%
EPS Q2Q%14.47%
Revenue 1Y (TTM)18.92%
Revenue growth 3Y19.96%
Revenue growth 5Y18.12%
Sales Q2Q%12.48%

3.2 Future

  • The Earnings Per Share is expected to grow by 16.73% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 9.89% on average over the next years. This is quite good.
EPS Next Y19.09%
EPS Next 2Y15.45%
EPS Next 3Y14.26%
EPS Next 5Y16.73%
Revenue Next Year14.58%
Revenue Next 2Y12.6%
Revenue Next 3Y11.56%
Revenue Next 5Y9.89%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
TW Yearly Revenue VS EstimatesTW Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1B 2B 3B
TW Yearly EPS VS EstimatesTW Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2 4 6

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2

4. TW Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 32.12, which means the current valuation is very expensive for TW.
  • TW's Price/Earnings ratio is a bit more expensive when compared to the industry. TW is more expensive than 75.73% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 27.35, TW is valued at the same level.
  • TW is valuated quite expensively with a Price/Forward Earnings ratio of 26.97.
  • Based on the Price/Forward Earnings ratio, TW is valued a bit more expensive than the industry average as 68.20% of the companies are valued more cheaply.
  • TW is valuated rather expensively when we compare the Price/Forward Earnings ratio to 22.23, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 32.12
Fwd PE 26.97
TW Price Earnings VS Forward Price EarningsTW Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • TW's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. TW is cheaper than 66.53% of the companies in the same industry.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as TW.
Industry RankSector Rank
P/FCF 22.29
EV/EBITDA 20.33
TW Per share dataTW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • TW's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • TW has a very decent profitability rating, which may justify a higher PE ratio.
  • TW's earnings are expected to grow with 14.26% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.68
PEG (5Y)1.49
EPS Next 2Y15.45%
EPS Next 3Y14.26%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. TW Dividend Analysis

5.1 Amount

  • TW has a yearly dividend return of 0.49%, which is pretty low.
  • Compared to an average industry Dividend Yield of 6.53, TW is paying slightly less dividend.
  • Compared to an average S&P500 Dividend Yield of 1.82, TW's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.49%

5.2 History

  • On average, the dividend of TW grows each year by 11.02%, which is quite nice.
  • TW has been paying a dividend for at least 10 years, so it has a reliable track record.
  • TW has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)11.02%
Div Incr Years3
Div Non Decr Years6
TW Yearly Dividends per shareTW Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4

5.3 Sustainability

  • 12.62% of the earnings are spent on dividend by TW. This is a low number and sustainable payout ratio.
  • The dividend of TW is growing, but earnings are growing more, so the dividend growth is sustainable.
DP12.62%
EPS Next 2Y15.45%
EPS Next 3Y14.26%
TW Yearly Income VS Free CF VS DividendTW Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
TW Dividend Payout.TW Dividend Payout, showing the Payout Ratio.TW Dividend Payout.PayoutRetained Earnings

More info and screens

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TW Fundamentals: All Metrics, Ratios and Statistics

TRADEWEB MARKETS INC-CLASS A

NASDAQ:TW (4/27/2026, 8:21:27 PM)

After market: 111.44 0 (0%)

111.44

-1.85 (-1.63%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-05
Earnings (Next)04-29
Inst Owners102.07%
Inst Owner Change-0.09%
Ins Owners0.25%
Ins Owner Change-0.27%
Market Cap23.73B
Revenue(TTM)2.05B
Net Income(TTM)810.66M
Analysts77.27
Price Target136.76 (22.72%)
Short Float %1.97%
Short Ratio1.49
Dividend
Industry RankSector Rank
Dividend Yield 0.49%
Yearly Dividend0.43
Dividend Growth(5Y)11.02%
DP12.62%
Div Incr Years3
Div Non Decr Years6
Ex-Date03-02
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)0.95%
Min EPS beat(2)0%
Max EPS beat(2)1.9%
EPS beat(4)2
Avg EPS beat(4)-0.54%
Min EPS beat(4)-2.43%
Max EPS beat(4)1.9%
EPS beat(8)2
Avg EPS beat(8)-1.38%
EPS beat(12)3
Avg EPS beat(12)-1.54%
EPS beat(16)5
Avg EPS beat(16)-1.18%
Revenue beat(2)0
Avg Revenue beat(2)-2.59%
Min Revenue beat(2)-3.34%
Max Revenue beat(2)-1.85%
Revenue beat(4)0
Avg Revenue beat(4)-2.82%
Min Revenue beat(4)-3.34%
Max Revenue beat(4)-1.85%
Revenue beat(8)0
Avg Revenue beat(8)-3.04%
Revenue beat(12)0
Avg Revenue beat(12)-2.97%
Revenue beat(16)0
Avg Revenue beat(16)-2.97%
PT rev (1m)1.9%
PT rev (3m)3.14%
EPS NQ rev (1m)5.62%
EPS NQ rev (3m)13.78%
EPS NY rev (1m)0.25%
EPS NY rev (3m)5.31%
Revenue NQ rev (1m)3.23%
Revenue NQ rev (3m)7.18%
Revenue NY rev (1m)1.3%
Revenue NY rev (3m)3.46%
Valuation
Industry RankSector Rank
PE 32.12
Fwd PE 26.97
P/S 11.56
P/FCF 22.29
P/OCF 20.33
P/B 3.65
P/tB 12.24
EV/EBITDA 20.33
EPS(TTM)3.47
EY3.11%
EPS(NY)4.13
Fwd EY3.71%
FCF(TTM)5
FCFY4.49%
OCF(TTM)5.48
OCFY4.92%
SpS9.64
BVpS30.56
TBVpS9.11
PEG (NY)1.68
PEG (5Y)1.49
Graham Number48.8441 (-56.17%)
Profitability
Industry RankSector Rank
ROA 9.9%
ROE 12.46%
ROCE 10.93%
ROIC 8.42%
ROICexc 11.72%
ROICexgc 85%
OM 40.51%
PM (TTM) 39.5%
GM N/A
FCFM 51.87%
ROA(3y)7.32%
ROA(5y)6.14%
ROE(3y)9.3%
ROE(5y)7.8%
ROIC(3y)7.37%
ROIC(5y)6.44%
ROICexc(3y)9.87%
ROICexc(5y)8.42%
ROICexgc(3y)75.56%
ROICexgc(5y)64.41%
ROCE(3y)9.59%
ROCE(5y)8.37%
ROICexgc growth 3Y21.06%
ROICexgc growth 5Y17.56%
ROICexc growth 3Y20.44%
ROICexc growth 5Y21.93%
OM growth 3Y5.29%
OM growth 5Y6.54%
PM growth 3Y15.03%
PM growth 5Y16.26%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.25
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 41.21%
Cap/Sales 5.02%
Interest Coverage 326.44
Cash Conversion 107.95%
Profit Quality 131.32%
Current Ratio 4.12
Quick Ratio 4.12
Altman-Z 9.73
F-Score9
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)38.31%
Cap/Depr(5y)35.69%
Cap/Sales(3y)4.93%
Cap/Sales(5y)4.92%
Profit Quality(3y)160.1%
Profit Quality(5y)179.56%
High Growth Momentum
Growth
EPS 1Y (TTM)18.84%
EPS 3Y22.45%
EPS 5Y21.51%
EPS Q2Q%14.47%
EPS Next Y19.09%
EPS Next 2Y15.45%
EPS Next 3Y14.26%
EPS Next 5Y16.73%
Revenue 1Y (TTM)18.92%
Revenue growth 3Y19.96%
Revenue growth 5Y18.12%
Sales Q2Q%12.48%
Revenue Next Year14.58%
Revenue Next 2Y12.6%
Revenue Next 3Y11.56%
Revenue Next 5Y9.89%
EBIT growth 1Y21.82%
EBIT growth 3Y26.31%
EBIT growth 5Y25.85%
EBIT Next Year22.54%
EBIT Next 3Y14.56%
EBIT Next 5Y12.69%
FCF growth 1Y31.61%
FCF growth 3Y22.96%
FCF growth 5Y21.58%
OCF growth 1Y30.06%
OCF growth 3Y22.65%
OCF growth 5Y21.38%

TRADEWEB MARKETS INC-CLASS A / TW Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for TRADEWEB MARKETS INC-CLASS A?

ChartMill assigns a fundamental rating of 7 / 10 to TW.


Can you provide the valuation status for TRADEWEB MARKETS INC-CLASS A?

ChartMill assigns a valuation rating of 2 / 10 to TRADEWEB MARKETS INC-CLASS A (TW). This can be considered as Overvalued.


How profitable is TRADEWEB MARKETS INC-CLASS A (TW) stock?

TRADEWEB MARKETS INC-CLASS A (TW) has a profitability rating of 7 / 10.


What is the valuation of TRADEWEB MARKETS INC-CLASS A based on its PE and PB ratios?

The Price/Earnings (PE) ratio for TRADEWEB MARKETS INC-CLASS A (TW) is 32.12 and the Price/Book (PB) ratio is 3.65.


How sustainable is the dividend of TRADEWEB MARKETS INC-CLASS A (TW) stock?

The dividend rating of TRADEWEB MARKETS INC-CLASS A (TW) is 5 / 10 and the dividend payout ratio is 12.62%.