IREN Limited (IREN) vs Tradeweb Markets Inc. (TW)
IREN Limited and Tradeweb Markets Inc. are both Capital Markets companies. Tradeweb Markets Inc. is the larger, with a market value of $23.7B against $18.4B — 1.3× the size. IREN Limited has negative trailing earnings, so its P/E is not meaningful; Tradeweb Markets Inc. trades at 24.1×. IREN Limited grew revenue faster over the last twelve months: 41.1% against 14.0%. Tradeweb Markets Inc. has the higher net margin (40.7% vs −99.4%) and the higher return on invested capital (11.4% vs −5.53%). Across the 20 metrics below, Tradeweb Markets Inc. leads on 18 and IREN Limited on 2.
Valuation
Profitability
| Metric | IREN | TW | Capital Markets median |
|---|---|---|---|
| Gross margin | 68.92% | 100.00% | 62.80% |
| Operating margin | (54.17%) | 43.68% | 0.00% |
| Net margin | (99.38%) | 40.66% | (0.55%) |
| Free cash flow margin | (123.59%) | 48.75% | 0.00% |
| Return on equity | (23.41%) | 12.76% | 0.00% |
| Return on assets | (7.50%) | 11.00% | 0.00% |
| Return on invested capital | (5.53%) | 11.41% | 0.00% |
Growth
Health
Dividend
Size
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