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TW

NEUTRAL
$115.12 Live
Tradeweb Markets Inc. · NASDAQ
Target $135.07 (+17.3%)
$97.06 52W Range $149.25

At a glance

Key valuation, profitability, growth, and risk metrics.

Updated Apr 21, 2026
Market cap
$25.1B
P/E
30.45
ROE
13.6%
Profit margin
39.6%
Debt/Equity
0.02
Dividend yield
0.49%

AI Analysis

AI-powered fundamental assessment

Confidence
85%
Tradeweb Markets Inc. presents a profile of exceptional operational efficiency and financial stability, though it currently trades at a premium. The Piotroski F-Score of 4/9 indicates stable financial health, while the absence of an Altman Z-Score is offset by a negligible Debt/Equity ratio of 0.02. The stock is trading slightly above its growth-based intrinsic value ($111.51) and significantly above its defensive Graham Number ($51.04), suggesting that current pricing relies heavily on future growth expectations. While fundamental margins are elite, bearish insider activity and a 0/100 technical trend suggest short-term caution.

Key Strengths

Elite profitability margins (Gross: 93.74%, Operating: 42.36%)
Near-zero leverage with a Debt/Equity ratio of 0.02
Exceptional liquidity evidenced by a Current Ratio of 4.84
Remarkable earnings consistency with beats across 25 available quarters
Strong analyst consensus with a target price of $135.07

Key Risks

High valuation multiples (P/S of 12.24 and PEG of 2.85)
Bearish insider sentiment with C-suite selling (CFO and CTO)
Strongly bearish technical trend (0/100 score)
Significant gap between current price and defensive fair value (Graham Number)
Recent 1-year price decline of 10.7%
AI Fair Value Estimate
Based on comprehensive analysis
$118.31
+2.8% above current price

Performance Snowflake

Multi-dimensional analysis across 5 key categories

Overall
60
Strong
Value
40
Future
75
Past
80
Health
70
Dividend
35
AI Verdict
High-Quality Compounder at a Premium
Key drivers: Operational Efficiency, Balance Sheet Strength, Valuation Premium, Insider Selling
Confidence
90%
Value
40/100

Ref P/E 30.46, PEG 2.85, Graham Number $51.04

Positives
  • Forward P/E (25.16) is lower than trailing P/E
Watchpoints
  • PEG ratio of 2.85 indicates overvaluation relative to growth
  • Price/Sales of 12.24 is very high
  • Trades at >2x the Graham Number
Future
75/100

Ref Growth rates and Earnings Track Record

Positives
  • Massive YoY Earnings Growth (128.8%)
  • Consistent quarterly earnings beats
Watchpoints
  • Revenue growth (12.5%) is modest compared to earnings spikes
Past
80/100

Ref Historical price changes

Positives
  • Strong 5-year (+47.4%) and 3-year (+61.1%) returns
  • Long-term stability in EPS progression
Watchpoints
  • Negative 1-year price performance
Health
70/100

Ref Piotroski F-Score 4/9, Debt/Equity 0.02

Positives
  • Extremely low Debt/Equity (0.02)
  • Very high Current Ratio (4.84)
Watchpoints
  • Piotroski F-Score of 4/9 is only 'Stable', not 'Strong'
Dividend
35/100

Ref Yield 0.49%, Payout 12.7%

Positives
  • Very sustainable payout ratio (12.7%)
Watchpoints
  • Negligible dividend yield (0.49%)

Stock Price & Analyst Targets

Real-time price movements and analyst price targets

Current Price
$115.12
Analyst Target
$135.07
Upside/Downside
+17.3%

Multi-Horizon Performance vs Peers

Price momentum across 5Y → 1W horizons for TW and closest competitors.

Updated 2026-04-20
TW
Tradeweb Markets Inc.
Primary
5Y
+47.4%
3Y
+61.1%
1Y
-10.7%
6M
+6.0%
1M
-8.0%
1W
-7.2%
CIN
Cincinnati Financial Corporation
Peer
5Y
+73.4%
3Y
+55.3%
1Y
+29.4%
6M
-2.2%
1M
-1.3%
1W
+1.8%
SOF
SoFi Technologies, Inc.
Peer
5Y
+26.2%
3Y
+224.9%
1Y
+77.0%
6M
-26.8%
1M
+13.1%
1W
+19.8%
LPL
LPL Financial Holdings Inc.
Peer
5Y
+123.1%
3Y
+60.7%
1Y
+3.9%
6M
+1.5%
1M
+11.4%
1W
+9.3%
BRO
Brown & Brown, Inc.
Peer
5Y
+71.6%
3Y
+37.5%
1Y
-24.3%
6M
-23.1%
1M
-2.0%
1W
-1.0%

Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.

Historical Performance Trends

Long-term financial metrics and growth patterns

Revenue & Net Income

Profit & Operating Margins

Return on Equity (ROE)

Quarterly Revenue Growth

Historical data shows last 12 quarters (3 years)

Valuation Metrics

Key valuation ratios and pricing indicators

P/E Ratio
30.45
Forward P/E
25.16
PEG Ratio
2.85
P/B Ratio
3.76
P/S Ratio
12.24
EV/Revenue
11.4
EV/EBITDA
N/A
Market Cap
$25.1B

Profitability

Profit margins and return metrics

Profit Margin 39.64%
Operating Margin 42.36%
Gross Margin 93.74%
ROE 13.56%
ROA 11.92%

Growth

Revenue and earnings growth rates

Revenue Growth +12.5%
Earnings Growth +128.8%
Q/Q Revenue Growth +12.48%
Q/Q Earnings Growth +128.5%

Financial Health

Balance sheet strength and liquidity metrics

Debt/Equity
0.02
Low debt
Current Ratio
4.84
Strong
Quick Ratio
4.73
Excellent
Cash/Share
$8.97

Financial Statement Flow

Interactive flow visualization showing how money moves through the company Q4 2025

Revenue
$0.5B
Gross Margin
69.4%
Op. Margin
44.3%
Net Margin
62.4%
Total Assets
$8.2B
Liabilities
$1.0B
Equity
$6.5B
Debt/Equity
0.15x
Operating CF
$0.4B
CapEx
$-0.0B
Free Cash Flow
$0.3B
FCF Yield
90%

Quarterly Earnings History

EPS performance vs analyst estimates

2026-04-29
$N/A
2026-02-05
$0.87
+3.0% surprise
2025-10-30
$0.87
+4.9% surprise
2025-07-30
$0.87
+1.3% surprise

Financial Services Sector Comparison

Comparing TW against 579 companies in the Financial Services sector (106 bullish, 239 neutral, 234 bearish)
P/E Ratio
30.45
This Stock
vs
41.68
Sector Avg
-26.9% (Discount)
Return on Equity (ROE)
13.56%
This Stock
vs
-0.24%
Sector Avg
-5682.4% (Below Avg)
Profit Margin
39.64%
This Stock
vs
47.47%
Sector Avg
-16.5% (Weaker)
Debt to Equity
0.02
This Stock
vs
1.36
Sector Avg
-98.4% (Less Debt)
Revenue Growth
12.5%
This Stock
vs
39.3%
Sector Avg
-68.2% (Slower)
Current Ratio
4.84
This Stock
vs
3.65
Sector Avg
+32.8% (Stronger)

Similar Companies

Peer comparison within the same industry

Recent Insider Trading

Insider buy and sell transactions from the last 6 months

PETERSON JUSTIN
Chief Technology Officer
Sell
2026-04-15
21,221 shares · $2,560,496
FURBER SARA
Chief Financial Officer
Sell
2026-03-23
6,525 shares · $816,047
FRIEDMAN DOUGLAS L
Officer
Sell
2026-03-23
2,811 shares · $351,566
PETERSON JUSTIN
Chief Technology Officer
Sell
2026-03-20
1,005 shares · $125,761
DIXON TROY
Officer
Sell
2026-03-20
2,584 shares · $324,938
CLACK AMY
Officer
Sell
2026-03-20
271 shares · $34,078
PETERSON JUSTIN
Chief Technology Officer
Sell
2026-03-18
3,212 shares · $400,716
FURBER SARA
Chief Financial Officer
Stock Award
2026-03-17
6 shares
HULT WILLIAM
Chief Executive Officer
Stock Award
2026-03-17
17 shares
FRIEDMAN DOUGLAS L
Officer
Stock Award
2026-03-17
1 shares
BRUNI ENRICO
Officer
Stock Award
2026-03-17
6 shares
PETERSON JUSTIN
Chief Technology Officer
Stock Award
2026-03-17
3 shares
CLACK AMY
Officer
Stock Award
2026-03-17
3 shares
FURBER SARA
Chief Financial Officer
Stock Award
2026-03-13
12,019 shares
HULT WILLIAM
Chief Executive Officer
Stock Award
2026-03-13
37,611 shares
Insider transactions can signal confidence or concerns about company prospects

SEC Filings

Recent regulatory filings from the SEC EDGAR database

DEF 14A
DEF 14A
2026-03-26

TW filed a definitive proxy statement (DEF 14A) on March 26, 2026, providing shareholders with necessary information and voting materials for the upcoming annual meeting.

10-K
10-K
2026-02-05

TW submitted its annual 10-K filing on February 5, 2026. The provided excerpts do not contain specific financial highlights or detailed risk factors.

8-K
8-K
2026-02-05
8-K
8-K
2026-01-06
10-Q
10-Q
2025-10-30

TW expects FY2025 capital expenditures between $99 million and $109 million, a 17% increase over FY2024 primarily driven by a one-time NYC headquarters relocation. As of September 30, 2025, the company reported operating lease liabilities of $135.6 million. Key risks include regulatory compliance obligations for its U.S. subsidiaries registered as broker-dealers and swap execution facilities under SEC and CFTC rules.

8-K
8-K
2025-10-30

TW filed an 8-K on October 30, 2025, likely to announce its third-quarter financial results.

10-Q
10-Q
2025-07-30

TW reports operating lease liabilities of $32.3 million as of June 30, 2025, with an additional $159.2 million in future commitments for a new New York City headquarters commencing in Q3 2025. FY 2025 capital expenditures are projected between $99 million and $109 million, a 17% increase over FY 2024 driven by technology investments and the new headquarters. Primary financial risks include these substantial long-term lease obligations and increased capital spending requirements.

8-K
8-K
2025-07-30

TW filed an 8-K on July 30, 2025, likely to report its second-quarter financial results.

8-K
8-K
2025-05-21
10-Q
10-Q
2025-04-30
8-K
8-K
2025-04-30

Taiwan Semiconductor Manufacturing Company (TSMC) likely reported its first-quarter 2025 financial results.

DEF 14A
DEF 14A
2025-03-27
8-K
8-K
2025-03-07
10-K
10-K
2025-02-07
8-K
8-K
2025-02-06
Data sourced from SEC EDGAR. AI summaries generated automatically.

Wall Street Analysts

Professional analyst ratings and price targets

Consensus
BUY
14 analysts
Morgan Stanley
2026-04-10
Maintains
Equal-Weight Equal-Weight
TD Cowen
2026-04-09
down
Buy Hold
Barclays
2026-04-08
Maintains
Equal-Weight Equal-Weight
Morgan Stanley
2026-02-10
Maintains
Equal-Weight Equal-Weight
JP Morgan
2026-02-06
Maintains
Overweight Overweight
Piper Sandler
2026-02-06
Maintains
Neutral Neutral
TD Cowen
2026-01-14
Maintains
Buy Buy
UBS
2026-01-09
Maintains
Buy Buy
Barclays
2026-01-08
Maintains
Equal-Weight Equal-Weight
Barclays
2025-12-12
down
Overweight Equal-Weight

Past News Coverage

Recent headlines mentioning TW from our newsroom.

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