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

NASDAQ:TW • US8926721064

Current stock price

123.33 USD
-0.83 (-0.67%)
At close:
123.33 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.
  • Each year in the past 5 years TW has been profitable.
  • Each year in the past 5 years TW 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 2025 200M 400M 600M 800M 1B

1.2 Ratios

  • TW has a better Return On Assets (9.90%) than 83.68% of its industry peers.
  • TW's Return On Equity of 12.46% is fine compared to the rest of the industry. TW outperforms 68.62% of its industry peers.
  • TW has a Return On Invested Capital of 8.42%. This is amongst the best in the industry. TW outperforms 81.17% of its industry peers.
  • TW had an Average Return On Invested Capital over the past 3 years of 7.37%. This is in line with the industry average of 7.28%.
  • 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

  • TW's Profit Margin of 39.50% is amongst the best of the industry. TW outperforms 85.36% of its industry peers.
  • In the last couple of years the Profit Margin of TW has grown nicely.
  • The Operating Margin of TW (40.51%) is better than 72.80% of its industry peers.
  • 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

  • Compared to 1 year ago, TW has less shares outstanding
  • TW has more shares outstanding than it did 5 years ago.
  • 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.
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

  • TW has an Altman-Z score of 10.48. This indicates that TW is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 10.48, TW belongs to the best of the industry, outperforming 94.14% of the companies in the same industry.
  • 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 10.48
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 86.19% 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.
  • With an excellent Quick ratio value of 4.12, TW belongs to the best of the industry, outperforming 86.19% of the companies in the same industry.
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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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%.
  • The Revenue has been growing by 18.12% on average over the past years. This is quite good.
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

  • TW is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 15.91% yearly.
  • Based on estimates for the next years, TW will show a quite strong growth in Revenue. The Revenue will grow by 9.49% on average per year.
EPS Next Y18.79%
EPS Next 2Y15.49%
EPS Next 3Y14.24%
EPS Next 5Y15.91%
Revenue Next Year13.11%
Revenue Next 2Y11.88%
Revenue Next 3Y10.71%
Revenue Next 5Y9.49%

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

  • TW is valuated quite expensively with a Price/Earnings ratio of 35.54.
  • Based on the Price/Earnings ratio, TW is valued a bit more expensive than the industry average as 77.41% of the companies are valued more cheaply.
  • The average S&P500 Price/Earnings ratio is at 25.50. TW is valued slightly more expensive when compared to this.
  • A Price/Forward Earnings ratio of 29.92 indicates a quite expensive valuation of TW.
  • 71.13% of the companies in the same industry are cheaper than TW, based on the Price/Forward Earnings ratio.
  • TW's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 22.67.
Industry RankSector Rank
PE 35.54
Fwd PE 29.92
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TW indicates a somewhat cheap valuation: TW is cheaper than 66.53% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TW is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 24.63
EV/EBITDA 22.26
TW Per share dataTW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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 14.24% in the coming years.
PEG (NY)1.89
PEG (5Y)1.65
EPS Next 2Y15.49%
EPS Next 3Y14.24%

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

5

5. TW Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.44%, TW is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 6.72, TW is paying slightly less dividend.
  • With a Dividend Yield of 0.44, TW pays less dividend than the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 0.44%

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.
  • As TW did not decrease their dividend in the past 5 years, we can say the dividend looks stable.
Dividend Growth(5Y)11.02%
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 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 2Y15.49%
EPS Next 3Y14.24%
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

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TW Fundamentals: All Metrics, Ratios and Statistics

TRADEWEB MARKETS INC-CLASS A

NASDAQ:TW (3/24/2026, 8:05:03 PM)

After market: 123.33 0 (0%)

123.33

-0.83 (-0.67%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-05
Earnings (Next)04-29
Inst Owners102.47%
Inst Owner Change0.16%
Ins Owners0.15%
Ins Owner Change-0.09%
Market Cap26.22B
Revenue(TTM)2.05B
Net Income(TTM)810.66M
Analysts77.27
Price Target134.22 (8.83%)
Short Float %2.25%
Short Ratio1.65
Dividend
Industry RankSector Rank
Dividend Yield 0.44%
Yearly Dividend0.43
Dividend Growth(5Y)11.02%
DP12.62%
Div Incr Years2
Div Non Decr Years5
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)2.12%
PT rev (3m)1.58%
EPS NQ rev (1m)2.17%
EPS NQ rev (3m)5.33%
EPS NY rev (1m)4.64%
EPS NY rev (3m)5.05%
Revenue NQ rev (1m)1.13%
Revenue NQ rev (3m)3.25%
Revenue NY rev (1m)1.88%
Revenue NY rev (3m)2.18%
Valuation
Industry RankSector Rank
PE 35.54
Fwd PE 29.92
P/S 12.77
P/FCF 24.63
P/OCF 22.45
P/B 4.03
P/tB 13.52
EV/EBITDA 22.26
EPS(TTM)3.47
EY2.81%
EPS(NY)4.12
Fwd EY3.34%
FCF(TTM)5.01
FCFY4.06%
OCF(TTM)5.49
OCFY4.45%
SpS9.65
BVpS30.61
TBVpS9.12
PEG (NY)1.89
PEG (5Y)1.65
Graham Number48.89
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 10.48
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 Y18.79%
EPS Next 2Y15.49%
EPS Next 3Y14.24%
EPS Next 5Y15.91%
Revenue 1Y (TTM)18.92%
Revenue growth 3Y19.96%
Revenue growth 5Y18.12%
Sales Q2Q%12.48%
Revenue Next Year13.11%
Revenue Next 2Y11.88%
Revenue Next 3Y10.71%
Revenue Next 5Y9.49%
EBIT growth 1Y21.82%
EBIT growth 3Y26.31%
EBIT growth 5Y25.85%
EBIT Next Year22.25%
EBIT Next 3Y14.56%
EBIT Next 5Y12.11%
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.


What is the profitability of TW stock?

TRADEWEB MARKETS INC-CLASS A (TW) has a profitability rating of 7 / 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 35.54 and the Price/Book (PB) ratio is 4.03.


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 18.79% in the next year.