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

NASDAQ:TW • US8926721064

Current stock price

125.15 USD
-0.86 (-0.68%)
At close:
125.15 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.
  • 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's Return On Assets of 9.90% is amongst the best of the industry. TW outperforms 83.88% of its industry peers.
  • TW has a better Return On Equity (12.46%) than 69.01% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 8.42%, TW belongs to the top of the industry, outperforming 80.99% of the companies in the same industry.
  • 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 7.14%.
  • The 3 year average ROIC (7.37%) for TW is below the current ROIC(8.42%), indicating increased profibility in the last year.
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 85.54% 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 73.55% of its industry peers.
  • In the last couple of years the Operating Margin of TW has grown nicely.
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.
  • 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 10.68. This indicates that TW is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 10.68, TW belongs to the top of the industry, outperforming 92.56% of the companies in the same industry.
  • 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 10.68
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

  • A Current Ratio of 4.12 indicates that TW has no problem at all paying its short term obligations.
  • TW has a better Current ratio (4.12) than 85.95% 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.
  • TW has a Quick ratio of 4.12. This is amongst the best in the industry. TW outperforms 85.95% 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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6

3. TW Growth Analysis

3.1 Past

  • TW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 18.84%, which is quite good.
  • TW shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.51% yearly.
  • The Revenue has grown by 18.92% in the past year. This is quite good.
  • 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 Year12.87%
Revenue Next 2Y11.84%
Revenue Next 3Y10.67%
Revenue Next 5Y9.49%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of 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 36.07, which means the current valuation is very expensive for TW.
  • Compared to the rest of the industry, the Price/Earnings ratio of TW indicates a slightly more expensive valuation: TW is more expensive than 76.86% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 25.23, TW is valued a bit more expensive.
  • A Price/Forward Earnings ratio of 30.36 indicates a quite expensive valuation of TW.
  • Based on the Price/Forward Earnings ratio, TW is valued a bit more expensive than 70.66% of the companies in the same industry.
  • TW's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 23.28.
Industry RankSector Rank
PE 36.07
Fwd PE 30.36
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

  • Based on the Enterprise Value to EBITDA ratio, TW is valued a bit cheaper than 66.94% of the companies 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 24.99
EV/EBITDA 22.79
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)1.92
PEG (5Y)1.68
EPS Next 2Y15.49%
EPS Next 3Y14.24%

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 0.45%, which is pretty low.
  • TW's Dividend Yield is slightly below the industry average, which is at 6.94.
  • Compared to an average S&P500 Dividend Yield of 1.91, TW's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.45%

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.
  • TW's earnings are growing more than its dividend. This makes the dividend growth 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 (3/20/2026, 8:26:12 PM)

After market: 125.15 0 (0%)

125.15

-0.86 (-0.68%)

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-0.31%
Market Cap26.61B
Revenue(TTM)2.05B
Net Income(TTM)810.66M
Analysts77.27
Price Target134.22 (7.25%)
Short Float %2.25%
Short Ratio1.65
Dividend
Industry RankSector Rank
Dividend Yield 0.45%
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)0.8%
EPS NQ rev (1m)1.67%
EPS NQ rev (3m)4.73%
EPS NY rev (1m)4.64%
EPS NY rev (3m)4.91%
Revenue NQ rev (1m)1.13%
Revenue NQ rev (3m)2.98%
Revenue NY rev (1m)1.66%
Revenue NY rev (3m)1.79%
Valuation
Industry RankSector Rank
PE 36.07
Fwd PE 30.36
P/S 12.96
P/FCF 24.99
P/OCF 22.79
P/B 4.09
P/tB 13.72
EV/EBITDA 22.79
EPS(TTM)3.47
EY2.77%
EPS(NY)4.12
Fwd EY3.29%
FCF(TTM)5.01
FCFY4%
OCF(TTM)5.49
OCFY4.39%
SpS9.65
BVpS30.61
TBVpS9.12
PEG (NY)1.92
PEG (5Y)1.68
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 10.68
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 Year12.87%
Revenue Next 2Y11.84%
Revenue Next 3Y10.67%
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 36.07 and the Price/Book (PB) ratio is 4.09.


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.