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Tradeweb Markets Inc. TW

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Price alert · TW

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127.56 USD +0.57 (+0.45%)

At closeNov 5, 2026, 6:44 PM EST

128.00 +0.44 +0.34%

After hours · Nov 5, 6:44 PM ET

126.32 Day range 128.97
91.42 52-week range 128.97
YTD
+18.62%
1 year
+22.17%

Financial health

Altman Z-Score

16.44 Safe zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

9 / 9 Strong

Nine pass/fail tests of profitability, leverage and efficiency.

Rating

A-4 / 5 overall

  • DCF 4
  • Return on Equity 4
  • Return on Assets 5
  • Debt / Equity 5
  • P/E 1
  • P/B 1

Valuation

P/E 28.2×
FY 2016: 87.3×FY 2017: 96.8×FY 2018: 27.8×FY 2019: 39.6×FY 2020: 67.9×FY 2021: 88.6×FY 2022: 43.3×FY 2023: 52.5×FY 2024: 55.5×FY 2025: 28.2×
FY 2016 5y median 52.5× FY 2025
P/S 11.2×
FY 2016: 16.5×FY 2017: 16.1×FY 2018: 6.7×FY 2019: 8.8×FY 2020: 12.6×FY 2021: 18.7×FY 2022: 11.2×FY 2023: 14.3×FY 2024: 16.2×FY 2025: 11.2×
FY 2016 5y median 14.3× FY 2025
P/B 3.5×
FY 2016: 7.9×FY 2017: 8.2×FY 2018: 1.0×FY 2019: 2.0×FY 2020: 2.6×FY 2021: 4.3×FY 2022: 2.7×FY 2023: 3.6×FY 2024: 4.8×FY 2025: 3.5×
FY 2016 5y median 3.6× FY 2025
P/FCF 20.3×
FY 2016: 59.6×FY 2017: 44.2×FY 2018: 18.8×FY 2019: 25.7×FY 2020: 28.1×FY 2021: 38.3×FY 2022: 23.3×FY 2023: 28.0×FY 2024: 32.6×FY 2025: 20.3×
FY 2016 5y median 28.0× FY 2025
EV/EBITDA 14.8×
FY 2016: 44.9×FY 2017: 49.4×FY 2018: 15.8×FY 2019: 17.7×FY 2020: 24.5×FY 2021: 35.4×FY 2022: 19.6×FY 2023: 25.7×FY 2024: 27.2×FY 2025: 14.8×
FY 2016 5y median 25.7× FY 2025
EV/Sales 10.3×
FY 2016: 15.9×FY 2017: 15.4×FY 2018: 6.1×FY 2019: 8.3×FY 2020: 11.8×FY 2021: 17.9×FY 2022: 10.2×FY 2023: 13.1×FY 2024: 15.4×FY 2025: 10.3×
FY 2016 5y median 13.1× FY 2025
FCF Yield 4.9%
FY 2016: 1.7%FY 2017: 2.3%FY 2018: 5.3%FY 2019: 3.9%FY 2020: 3.6%FY 2021: 2.6%FY 2022: 4.3%FY 2023: 3.6%FY 2024: 3.1%FY 2025: 4.9%
FY 2016 5y median 3.6% FY 2025

Profitability

Gross Margin 67.3%
FY 2016: 53.6%FY 2017: 50.6%FY 2018: 56.0%FY 2019: 57.5%FY 2020: 60.8%FY 2021: 62.2%FY 2022: 63.6%FY 2023: 65.6%FY 2024: 65.7%FY 2025: 67.3%
FY 2016 5y median 65.6% FY 2025
Operating Margin 41.2%
FY 2016: 18.9%FY 2017: 17.7%FY 2018: 26.2%FY 2019: 24.5%FY 2020: 29.5%FY 2021: 33.3%FY 2022: 34.7%FY 2023: 37.8%FY 2024: 39.3%FY 2025: 41.2%
FY 2016 5y median 37.8% FY 2025
Net Margin 39.6%
FY 2016: 18.9%FY 2017: 16.6%FY 2018: 24.3%FY 2019: 10.8%FY 2020: 18.6%FY 2021: 21.1%FY 2022: 26.0%FY 2023: 27.3%FY 2024: 29.1%FY 2025: 39.6%
FY 2016 5y median 27.3% FY 2025
ROE 12.5%
FY 2016: 9.1%FY 2017: 8.5%FY 2018: 3.5%FY 2019: 2.5%FY 2020: 3.9%FY 2021: 4.9%FY 2022: 6.2%FY 2023: 6.8%FY 2024: 8.6%FY 2025: 12.5%
FY 2016 5y median 6.8% FY 2025
ROIC 9.3%
FY 2016: 8.7%FY 2017: 8.3%FY 2018: 3.4%FY 2019: 3.0%FY 2020: 3.8%FY 2021: 4.6%FY 2022: 5.6%FY 2023: 6.0%FY 2024: 7.5%FY 2025: 9.3%
FY 2016 5y median 6.0% FY 2025
ROA 9.9%
FY 2016: 7.1%FY 2017: 6.4%FY 2018: 3.2%FY 2019: 1.6%FY 2020: 2.9%FY 2021: 3.8%FY 2022: 4.9%FY 2023: 5.2%FY 2024: 6.9%FY 2025: 9.9%
FY 2016 5y median 5.2% FY 2025

Growth (YoY)

Revenue 18.9%
FY 2016: 0.0%FY 2017: 2.5%FY 2018: 30.4%FY 2019: 17.9%FY 2020: 15.1%FY 2021: 20.6%FY 2022: 10.4%FY 2023: 12.6%FY 2024: 29.0%FY 2025: 18.9%
FY 2016 FY 2025
Operating Income 24.6%
FY 2016: 0.0%FY 2017: -4.3%FY 2018: 93.4%FY 2019: 10.2%FY 2020: 38.7%FY 2021: 36.3%FY 2022: 15.0%FY 2023: 22.5%FY 2024: 34.2%FY 2025: 24.6%
FY 2016 FY 2025
EPS (diluted) 61.5%
FY 2016: 0.0%FY 2017: -9.8%FY 2018: 248.6%FY 2019: -14.0%FY 2020: -20.7%FY 2021: 23.9%FY 2022: 35.8%FY 2023: 15.5%FY 2024: 36.8%FY 2025: 61.5%
FY 2016 FY 2025
Free Cash Flow 31.5%
FY 2016: 0.0%FY 2017: 34.8%FY 2018: 27.9%FY 2019: 13.3%FY 2020: 50.3%FY 2021: 31.4%FY 2022: 8.7%FY 2023: 19.5%FY 2024: 25.2%FY 2025: 31.5%
FY 2016 FY 2025

Financial Health

Current Ratio 4.9×
FY 2016: 1.5×FY 2017: 1.4×FY 2018: 1.8×FY 2019: 2.7×FY 2020: 4.2×FY 2021: 5.0×FY 2022: 6.0×FY 2023: 3.7×FY 2024: 4.0×FY 2025: 4.9×
FY 2016 5y median 4.9× FY 2025
Quick Ratio 4.9×
FY 2016: 1.5×FY 2017: 1.4×FY 2018: 1.8×FY 2019: 2.7×FY 2020: 4.2×FY 2021: 5.0×FY 2022: 6.0×FY 2023: 3.7×FY 2024: 4.0×FY 2025: 4.9×
FY 2016 5y median 4.9× FY 2025
Debt / Equity 0.0×
FY 2016: 0.0×FY 2017: 0.0×FY 2018: 0.0×FY 2019: 0.0×FY 2020: 0.0×FY 2021: 0.0×FY 2022: 0.0×FY 2023: 0.0×FY 2024: 0.0×FY 2025: 0.0×
FY 2016 5y median 0.0× FY 2025
Net Debt / EBITDA -1.3×
FY 2016: -1.7×FY 2017: -2.2×FY 2018: -1.6×FY 2019: -1.2×FY 2020: -1.8×FY 2021: -1.7×FY 2022: -2.0×FY 2023: -2.4×FY 2024: -1.3×FY 2025: -1.3×
FY 2016 5y median -1.7× FY 2025
Interest Coverage 435×
FY 2016: 69.6×FY 2017: 196×FY 2018: 0.0×FY 2019: 0.0×FY 2020: 0.0×FY 2021: 0.0×FY 2022: 229×FY 2023: 247×FY 2024: 158×FY 2025: 435×
FY 2016 5y median 229× FY 2025

Dividends

Dividend Yield 0.4%
FY 2016: 1.6%FY 2017: 1.9%FY 2018: 4.0%FY 2019: 2.3%FY 2020: 0.5%FY 2021: 0.3%FY 2022: 0.5%FY 2023: 0.4%FY 2024: 0.3%FY 2025: 0.4%
FY 2016 5y median 0.4% FY 2025
Payout Ratio 12.6%
FY 2016: 139.5%FY 2017: 181.7%FY 2018: 110.0%FY 2019: 186.2%FY 2020: 34.9%FY 2021: 28.5%FY 2022: 21.3%FY 2023: 20.8%FY 2024: 17.0%FY 2025: 12.6%
FY 2016 5y median 20.8% FY 2025

Annual · latest fiscal year ends 2025-12-31