Tradeweb Markets Inc. TW

Financial — Capital Markets

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

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Tradeweb Markets Inc. TW