Tradeweb Markets Inc. TW Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 162.3%+3.4pp | 158.9%+1.4pp | 157.5%+1.6pp | 155.9%-0.6pp | 156.5%+0.3pp | |
| Net margin | 140.3%+11.6pp | 128.7%+10.5pp | 118.2%+4.1pp | 114.1%+0.2pp | 113.9%+0.2pp | |
| Returns | ||||||
| Return on equity | 47.1%+4.7pp | 42.4%+4.2pp | 38.2%+2.3pp | 35.8%+1.5pp | 34.3%+1.5pp | |
| Return on invested capital | 56.9%+2.7pp | 54.1%+2.0pp | 52.2%+2.3pp | 49.9%+1.9pp | 48%+1.6pp | |
| Efficiency | ||||||
| Asset turnover | 1.1×0.0× | 1×0.0× | 1×0.0× | 1×0.0× | 0.9×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 0.1×0.0× | 0.1×0.0× | 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× | |
| 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% | |
| Price / earnings | 148.7×-31.7× | 180.4×-27.4× | 207.8×-21.2× | 229×+2.0× | 226.9×+5.5× | |
| Price / sales | 50.3×-5.7× | 56×-5.0× | 61×-4.3× | 65.3×+0.7× | 64.6×+1.7× | |
| Price / book | 16×-1.5× | 17.6×-1.3× | 18.9×-0.9× | 19.7×+0.9× | 18.8×+1.3× | |
| EV / EBITDA | 88.7×-12.1× | 100.8×-10.3× | 111.1×-9.4× | 120.5×+2.2× | 118.3×+4.2× | |
| Dividend yield | 1.6%+0.1pp | 1.5%+0.1pp | 1.3%+0.1pp | 1.2%0.0pp | 1.3%-0.1pp |
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.
