Tradeweb Markets Inc. TW

101.09 1.35 1.35% as of 25 Sep

Market cap: $23.7B
P/E: 24.1×

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Dividend Champion (3y) Cash Flow Champion (3y)

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Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
P/E ratio	188.47	188.47	188.47	62.64	68.63	89.41	43.27	51.60	55.71	28.23
P/S ratio	11.62	11.62	11.62	8.85	12.62	18.74	11.30	14.06	16.16	11.17
P/FCF ratio	34.96	34.96	34.96	25.74	28.12	38.30	23.45	27.50	34.48	21.54
P/Operating CF	(377.52)	(377.52)	(377.52)	56.92	80.65	105.24	64.58	76.88	98.89	64.42
P/B ratio	1.72	1.72	1.72	1.49	2.24	3.80	2.42	3.17	4.36	3.19
Price to Tangible BV	13.95	13.95	13.95	11.13	9.86	14.96	7.93	8.91	14.17	7.93
EV/Sales	11.14	11.14	11.14	8.28	11.76	17.86	10.26	12.80	15.39	10.17
EV/EBITDA	28.24	28.24	28.24	19.51	25.16	36.26	20.63	24.81	29.59	19.22
EV/Operating CF	28.21	28.21	28.21	20.65	23.68	33.25	19.28	22.96	29.60	17.87
EV/FCF	33.53	33.53	33.53	24.09	26.20	36.50	21.31	25.04	32.85	19.60
Quick Ratio	1.43	1.35	1.72	2.80	4.44	4.94	5.91	3.63	3.91	4.96
Current Ratio	1.47	1.38	1.75	2.84	4.49	5.03	6.01	3.69	4.04	5.08
Net Debt/EBITDA	(1.70)	(2.24)	(1.62)	(1.40)	(1.90)	(1.84)	(2.13)	(2.47)	(1.49)	(1.92)
Debt/Assets	2.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Debt/Equity	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Asset Turnover	0.37	0.76	0.26	0.15	0.17	0.18	0.19	0.20	0.24	0.27
Operating CF/Net income	1.84	2.68	1.74	3.71	2.67	2.55	2.05	2.04	1.79	1.44
Capex/Depreciation	0.00	(0.59)	(0.51)	(0.32)	(0.28)	(0.30)	(0.34)	(0.33)	(0.40)	(0.41)
Interest Coverage	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ROE	9.27%	8.32%	5.74%	1.83%	3.46%	4.39%	5.70%	6.36%	8.13%	11.96%
ROA	7.06%	12.66%	6.38%	1.66%	3.09%	3.89%	5.05%	5.48%	7.00%	10.52%
ROIC	0.00%	0.00%	2.59%	2.87%	3.89%	5.17%	6.01%	7.48%	8.38%	10.23%
Return on Tangible Assets	59.34%	56.52%	48.08%	19.66%	22.44%	24.36%	25.05%	21.40%	38.15%	40.36%
Average Days of Receivables	58.59	53.54	145.31	58.10	43.20	44.06	47.38	149.90	61.34	47.39
Research and Development Expense of Revenue	0.00%	5.95%	5.55%	5.07%	5.32%	5.22%	5.54%	5.79%	5.71%	6.25%
Selling, General and Administrative Expense of Revenue	64.65%	62.79%	55.81%	52.49%	47.95%	45.53%	44.71%	42.60%	42.26%	40.86%
Intangible Assets out of Total Assets	0.65	0.00	0.82	0.78	0.68	0.66	0.62	0.54	0.61	0.52
Share Based Compensation of Revenue	0.00%	0.00%	0.00%	6.42%	4.40%	4.83%	5.61%	4.87%	5.19%	5.04%
Graham Net Nets	0.04	0.04	0.04	0.01	0.02	0.02	0.05	0.06	0.03	0.06
Graham Number	0.00	0.00	0.00	22.73	23.87	25.77	30.28	33.09	39.85	53.76
Earnings Yield	0.53%	0.53%	0.53%	1.60%	1.46%	1.12%	2.31%	1.94%	1.79%	3.54%
Free Cash Flow Yield	2.86%	2.86%	2.86%	3.89%	3.56%	2.61%	4.26%	3.64%	2.90%	4.64%
Revenue per Share	3.44	3.53	4.60	5.24	4.95	5.34	5.78	6.35	8.10	9.63
Operating CF per Share	1.20	1.57	1.94	2.10	2.46	2.87	3.08	3.54	4.21	5.48
Capex per Share	0.00	(0.28)	(0.29)	(0.30)	(0.24)	(0.25)	(0.29)	(0.29)	(0.42)	(0.48)
Free Cash Flow per Share	1.20	1.29	1.65	1.80	2.22	2.61	2.79	3.25	3.80	4.99
Cash per Share	2.27	2.48	2.88	3.12	4.39	4.83	6.12	8.10	6.30	9.78
Shareholders Equity per Share	7.17	0.00	31.97	31.03	27.82	26.36	26.98	28.14	30.04	33.72
Interest Debt per Share	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share	7.17	0.00	31.97	31.03	27.82	26.36	26.98	28.14	30.04	33.72
Free Cash Flow	171.85	183.96	235.29	266.54	400.70	526.67	572.73	684.33	808.87	1,064.55
Working Capital	132.00	121.00	293.52	385.65	707.14	900.06	1,197.55	1,671.48	1,268.45	1,935.87
Capital Expenditures	(35.35)	(40.62)	(42.10)	(44.46)	(42.54)	(51.35)	(60.10)	(61.76)	(88.87)	(103.09)
Net Current Asset Value	132.00	438.00	259.71	92.30	248.92	442.27	722.63	1,165.73	816.97	1,410.18
EV/EBIT	44.58	44.58	44.58	33.83	39.86	53.57	29.58	33.91	39.19	24.98
Capex to Sales	0.00	0.08	0.06	0.06	0.05	0.05	0.05	0.05	0.05	0.05
Net Profit Margin	18.93%	16.58%	24.25%	10.80%	18.63%	21.07%	26.02%	27.27%	29.06%	39.60%
Price to Operating Income	46.48	46.48	46.48	36.14	42.78	56.21	32.56	37.24	41.13	27.45
Other line items
Depreciation/Fixed assets	3.23	2.54	2.15	3.45	4.55	5.52	4.78	5.52	4.79	3.20
Cash ROIC	10.65%	55.81%	4.80%	5.35%	7.05%	8.71%	8.75%	9.33%	11.00%	11.75%
Accounts Receivable Turnover	6.43	6.59	3.92	4.03	7.79	9.14	8.36	3.80	4.11	7.38
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	—	—	—	—	—	0.00	0.00	—	—	—
Average Days of Payables	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days of Inventory on Hand	—	—	—	—	—	0.00	0.00	—	—	—
Average Receivables	76.50	76.50	167.89	192.62	114.55	117.80	142.12	351.95	419.83	278.27
Average Payables	31.00	31.00	37.27	37.69	37.76	40.76	42.76	52.10	76.40	139.63
Average Assets	1,319.00	660.50	2,498.57	5,046.24	5,387.59	5,835.02	6,125.16	6,659.83	7,163.77	7,728.78
Average Common Equity	1,005.50	1,005.50	2,779.17	4,582.54	4,805.95	5,164.05	5,427.63	5,738.86	6,165.15	6,794.06

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Tradeweb Markets Inc. TW