Skip to content
OpenCapital
Get started

Tradeweb Markets Inc. TW Ratios & Valuation

Income StatementBalance SheetCash FlowRatiosSegments
QuarterlyAnnualTTM
YoYQoQ
SimplifiedDetailed
TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Operating margin162.3%+3.4pp158.9%+1.4pp157.5%+1.6pp155.9%-0.6pp156.5%+0.3pp
Net margin140.3%+11.6pp128.7%+10.5pp118.2%+4.1pp114.1%+0.2pp113.9%+0.2pp
EBITDA margin211.4%+2.1pp209.3%+0.9pp208.4%+1.7pp206.7%-0.6pp207.3%-0.3pp
Free cash flow margin213.3%+5.4pp207.9%+5.3pp202.6%+0.8pp201.7%+1.3pp200.4%-0.6pp
Returns
Return on equity47.1%+4.7pp42.4%+4.2pp38.2%+2.3pp35.8%+1.5pp34.3%+1.5pp
Return on assets37.1%+4.0pp33.1%+3.5pp29.6%+1.7pp27.9%+1.0pp26.9%+1.2pp
Return on invested capital56.9%+2.7pp54.1%+2.0pp52.2%+2.3pp49.9%+1.9pp48%+1.6pp
Efficiency
Asset turnover1.1×0.0×1×0.0×1×0.0×1×0.0×0.9×0.0×
Leverage
Debt-to-equity0.1×0.0×0.1×0.0×0×0.0×0×0.0×0×0.0×
Debt-to-assets0.1×0.0×0×0.0×0×0.0×0×0.0×0×0.0×
Net debt / EBITDA-6.6×-0.2×-6.4×-0.3×-6.1×-0.3×-5.8×+0.5×-6.3×+0.7×
Interest coverage1,522.8×+237×1,285.4×+272×1,013.4×+236×777.4×+71.8×705.6×+61.0×
Per Share
Book value per share$118.90+2.9%$115.50+2.9%$112.20+2.5%$109.49+2.0%$107.33+1.9%
Valuation
Market capitalization$101.88B-6.1%$108.49B-4.4%$113.45B-2.3%$116.13B+7.0%$108.49B+9.6%
Enterprise value$94.76B-7.0%$101.9B-5.2%$107.5B-3.0%$110.8B+7.5%$103.08B+10.5%
Price / earnings148.7×-31.7×180.4×-27.4×207.8×-21.2×229×+2.0×226.9×+5.5×
Price / sales50.3×-5.7×56×-5.0×61×-4.3×65.3×+0.7×64.6×+1.7×
Price / book16×-1.5×17.6×-1.3×18.9×-0.9×19.7×+0.9×18.8×+1.3×
EV / EBITDA88.7×-12.1×100.8×-10.3×111.1×-9.4×120.5×+2.2×118.3×+4.2×
EV / sales46.8×-5.9×52.6×-5.2×57.8×-4.5×62.3×+1.0×61.3×+2.1×
Free cash flow yield17.3%+1.8pp15.5%+1.8pp13.6%+1.2pp12.4%-0.1pp12.5%-0.3pp
Earnings yield11.5%+1.8pp9.7%+1.7pp8%+1.0pp7%-0.1pp7.1%-0.2pp
Dividend yield1.6%+0.1pp1.5%+0.1pp1.3%+0.1pp1.2%0.0pp1.3%-0.1pp
PEG ratio3.7×-1.6×5.3×-1.0×6.3×-1.6×7.9×+0.1×7.8×+0.1×

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Questions, answered.

Where do Tradeweb Markets Inc.'s ratios come from?
Every ratio is computed from Tradeweb Markets Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.