TRADEWEB MARKETS INC-CLASS A (TW) Stock Fundamental Analysis

NASDAQ:TW • US8926721064

119.47 USD
+0.52 (+0.44%)
At close: Feb 20, 2026
119.47 USD
0 (0%)
After Hours: 2/20/2026, 8:08:28 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

6

Taking everything into account, TW scores 6 out of 10 in our fundamental rating. TW was compared to 238 industry peers in the Capital Markets industry. While TW has a great health rating, its profitability is only average at the moment. While showing a medium growth rate, TW is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • In the past year TW was profitable.
  • In the past year TW had a positive cash flow from operations.
  • Of the past 5 years TW 4 years were profitable.
  • Of the past 5 years TW 4 years had a positive operating cash flow.
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 200M 400M 600M 800M

1.2 Ratios

  • The Return On Assets of TW (7.85%) is better than 80.59% of its industry peers.
  • TW has a Return On Equity of 9.99%. This is comparable to the rest of the industry: TW outperforms 59.92% of its industry peers.
  • TW has a better Return On Invested Capital (8.26%) than 82.70% 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 7.31%.
  • The 3 year average ROIC (6.25%) for TW is below the current ROIC(8.26%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 7.85%
ROE 9.99%
ROIC 8.26%
ROA(3y)5.66%
ROA(5y)4.74%
ROE(3y)7.22%
ROE(5y)6.08%
ROIC(3y)6.25%
ROIC(5y)5.43%
TW Yearly ROA, ROE, ROICTW Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8

1.3 Margins

  • With a decent Profit Margin value of 31.45%, TW is doing good in the industry, outperforming 78.48% of the companies in the same industry.
  • TW's Profit Margin has improved in the last couple of years.
  • TW has a Operating Margin of 40.10%. This is in the better half of the industry: TW outperforms 72.15% of its industry peers.
  • TW's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 40.1%
PM (TTM) 31.45%
GM N/A
OM growth 3Y5.86%
OM growth 5Y10.07%
PM growth 3Y11.28%
PM growth 5Y21.86%
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 10 20 30

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

8

2. Health

2.1 Basic Checks

  • 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 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 2B 4B 6B

2.2 Solvency

  • TW has an Altman-Z score of 9.93. This indicates that TW is financially healthy and has little risk of bankruptcy at the moment.
  • TW's Altman-Z score of 9.93 is amongst the best of the industry. TW outperforms 92.83% of its industry peers.
  • There is no outstanding debt for TW. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 9.93
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 1B 2B 3B 4B 5B

2.3 Liquidity

  • A Current Ratio of 3.71 indicates that TW has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 3.71, TW belongs to the top of the industry, outperforming 82.70% of the companies in the same industry.
  • A Quick Ratio of 3.71 indicates that TW has no problem at all paying its short term obligations.
  • With an excellent Quick ratio value of 3.71, TW belongs to the best of the industry, outperforming 82.70% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.71
Quick Ratio 3.71
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 500M 1B 1.5B 2B

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

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 18.84% over the past year.
  • TW shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.51% yearly.
EPS 1Y (TTM)18.84%
EPS 3Y22.45%
EPS 5Y21.51%
EPS Q2Q%14.47%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%12.48%

3.2 Future

  • The Earnings Per Share is expected to grow by 15.91% on average over the next years. This is quite good.
  • TW is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.27% yearly.
EPS Next Y13.52%
EPS Next 2Y12.68%
EPS Next 3Y15.57%
EPS Next 5Y15.91%
Revenue Next Year11.03%
Revenue Next 2Y10.88%
Revenue Next 3Y9.8%
Revenue Next 5Y10.27%

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.
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

More info and screens

Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 34.43, TW can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Earnings ratio of TW indicates a slightly more expensive valuation: TW is more expensive than 75.95% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.99, TW is valued a bit more expensive.
  • With a Price/Forward Earnings ratio of 30.33, TW can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TW indicates a slightly more expensive valuation: TW is more expensive than 69.62% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.06, TW is valued at the same level.
Industry RankSector Rank
PE 34.43
Fwd PE 30.33
TW Price Earnings VS Forward Price EarningsTW Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • 68.78% of the companies in the same industry are more expensive than TW, based on the Enterprise Value to EBITDA ratio.
  • TW's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 25.72
EV/EBITDA 22.15
TW Per share dataTW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • TW has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as TW's earnings are expected to grow with 15.57% in the coming years.
PEG (NY)2.55
PEG (5Y)1.6
EPS Next 2Y12.68%
EPS Next 3Y15.57%

More info and screens

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

5

5. Dividend

5.1 Amount

  • TW has a yearly dividend return of 0.48%, which is pretty low.
  • TW's Dividend Yield is slightly below the industry average, which is at 6.09.
  • Compared to an average S&P500 Dividend Yield of 1.81, TW's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.48%

5.2 History

  • The dividend of TW is nicely growing with an annual growth rate of 10.06%!
  • TW has been paying a dividend for at least 10 years, so it has a reliable track record.
  • As TW did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)10.06%
Div Incr Years2
Div Non Decr Years5
TW Yearly Dividends per shareTW Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4

5.3 Sustainability

  • 15.64% 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.
DP15.64%
EPS Next 2Y12.68%
EPS Next 3Y15.57%
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 200M 400M 600M 800M
TW Dividend Payout.TW Dividend Payout, showing the Payout Ratio.TW Dividend Payout.PayoutRetained Earnings

More info and screens

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TRADEWEB MARKETS INC-CLASS A

NASDAQ:TW (2/20/2026, 8:08:28 PM)

After market: 119.47 0 (0%)

119.47

+0.52 (+0.44%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-05
Earnings (Next)04-29
Inst Owners101.15%
Inst Owner Change-4.98%
Ins Owners0.1%
Ins Owner Change-0.22%
Market Cap25.40B
Revenue(TTM)N/A
Net Income(TTM)627.35M
Analysts77.27
Price Target131.42 (10%)
Short Float %1.99%
Short Ratio1.61
Dividend
Industry RankSector Rank
Dividend Yield 0.48%
Yearly Dividend0.36
Dividend Growth(5Y)10.06%
DP15.64%
Div Incr Years2
Div Non Decr Years5
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.14%
Min EPS beat(2)-1.62%
Max EPS beat(2)1.9%
EPS beat(4)1
Avg EPS beat(4)-0.72%
Min EPS beat(4)-2.43%
Max EPS beat(4)1.9%
EPS beat(8)1
Avg EPS beat(8)-1.68%
EPS beat(12)3
Avg EPS beat(12)-1.25%
EPS beat(16)4
Avg EPS beat(16)-1.39%
Revenue beat(2)0
Avg Revenue beat(2)-3.08%
Min Revenue beat(2)-3.34%
Max Revenue beat(2)-2.82%
Revenue beat(4)0
Avg Revenue beat(4)-3.03%
Min Revenue beat(4)-3.34%
Max Revenue beat(4)-2.67%
Revenue beat(8)0
Avg Revenue beat(8)-3.22%
Revenue beat(12)0
Avg Revenue beat(12)-3.05%
Revenue beat(16)0
Avg Revenue beat(16)-3.07%
PT rev (1m)-0.53%
PT rev (3m)-4.15%
EPS NQ rev (1m)0.37%
EPS NQ rev (3m)1.22%
EPS NY rev (1m)0.02%
EPS NY rev (3m)0.33%
Revenue NQ rev (1m)0.3%
Revenue NQ rev (3m)0.11%
Revenue NY rev (1m)0.09%
Revenue NY rev (3m)-0.24%
Valuation
Industry RankSector Rank
PE 34.43
Fwd PE 30.33
P/S 12.73
P/FCF 25.72
P/OCF 23.22
P/B 4.04
P/tB 15.16
EV/EBITDA 22.15
EPS(TTM)3.47
EY2.9%
EPS(NY)3.94
Fwd EY3.3%
FCF(TTM)4.64
FCFY3.89%
OCF(TTM)5.14
OCFY4.31%
SpS9.38
BVpS29.54
TBVpS7.88
PEG (NY)2.55
PEG (5Y)1.6
Graham Number48.03
Profitability
Industry RankSector Rank
ROA 7.85%
ROE 9.99%
ROCE 10.86%
ROIC 8.26%
ROICexc 11.28%
ROICexgc 106.06%
OM 40.1%
PM (TTM) 31.45%
GM N/A
FCFM 49.51%
ROA(3y)5.66%
ROA(5y)4.74%
ROE(3y)7.22%
ROE(5y)6.08%
ROIC(3y)6.25%
ROIC(5y)5.43%
ROICexc(3y)8.1%
ROICexc(5y)6.86%
ROICexgc(3y)62.43%
ROICexgc(5y)54.31%
ROCE(3y)8.23%
ROCE(5y)7.14%
ROICexgc growth 3Y21.61%
ROICexgc growth 5Y6.29%
ROICexc growth 3Y18.56%
ROICexc growth 5Y23.81%
OM growth 3Y5.86%
OM growth 5Y10.07%
PM growth 3Y11.28%
PM growth 5Y21.86%
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 42%
Cap/Sales 5.33%
Interest Coverage 313.39
Cash Conversion 103.9%
Profit Quality 157.4%
Current Ratio 3.71
Quick Ratio 3.71
Altman-Z 9.93
F-Score9
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)35.77%
Cap/Depr(5y)32.98%
Cap/Sales(3y)4.94%
Cap/Sales(5y)4.87%
Profit Quality(3y)178.16%
Profit Quality(5y)201.53%
High Growth Momentum
Growth
EPS 1Y (TTM)18.84%
EPS 3Y22.45%
EPS 5Y21.51%
EPS Q2Q%14.47%
EPS Next Y13.52%
EPS Next 2Y12.68%
EPS Next 3Y15.57%
EPS Next 5Y15.91%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%12.48%
Revenue Next Year11.03%
Revenue Next 2Y10.88%
Revenue Next 3Y9.8%
Revenue Next 5Y10.27%
EBIT growth 1Y26.14%
EBIT growth 3Y23.91%
EBIT growth 5Y29.17%
EBIT Next Year28.13%
EBIT Next 3Y16.93%
EBIT Next 5Y13.85%
FCF growth 1Y53.1%
FCF growth 3Y15.37%
FCF growth 5Y24.86%
OCF growth 1Y54.2%
OCF growth 3Y15.81%
OCF growth 5Y23.62%

TRADEWEB MARKETS INC-CLASS A / TW FAQ

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

ChartMill assigns a fundamental rating of 6 / 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.


What is the profitability of TW stock?

TRADEWEB MARKETS INC-CLASS A (TW) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for TW stock?

The Price/Earnings (PE) ratio for TRADEWEB MARKETS INC-CLASS A (TW) is 34.43 and the Price/Book (PB) ratio is 4.04.


Can you provide the expected EPS growth for TW stock?

The Earnings per Share (EPS) of TRADEWEB MARKETS INC-CLASS A (TW) is expected to grow by 13.52% in the next year.