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.

	FY'25	FY'24	FY'23	FY'22
Profitability
Operating margin	158.9%+2.7pp	156.2%+11.8pp	144.5%+6.9pp	137.6%+9.0pp
Net margin	128.7%+15.1pp	113.6%+4.0pp	109.7%+16.8pp	92.8%+6.9pp
EBITDA margin	209.3%+1.7pp	207.6%+5.1pp	202.5%+3.7pp	198.9%+4.8pp
Free cash flow margin	207.9%+6.8pp	201.1%-15.8pp	216.9%+16.3pp	200.6%-3.0pp
Returns
Return on equity	42.4%+9.6pp	32.8%+5.3pp	27.5%+4.6pp	22.9%+2.7pp
Return on assets	33.1%+7.4pp	25.7%+3.9pp	21.7%+3.8pp	17.9%+2.7pp
Return on invested capital	54.1%+7.7pp	46.4%+8.6pp	37.8%+5.4pp	32.4%+4.0pp
Efficiency
Asset turnover	1×+0.1×	0.9×+0.1×	0.8×0.0×	0.8×+0.1×
Leverage
Debt-to-equity	0.1×0.0×	0×0.0×	0×0.0×	0×0.0×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	-6.4×+0.6×	-7×+2.0×	-9×-2.0×	-7×-0.5×
Interest coverage	1,285.4×+641×	644.7×-324×	968.6×—	——
Per Share
Book value per share	$115.50+9.6%	$105.36+7.4%	$98.05+6.2%	$92.29+4.4%
Valuation
Market capitalization	$108.49B+9.6%	$98.97B+46.8%	$67.43B+13.2%	$59.57B-24.6%
Enterprise value	$101.9B+9.2%	$93.31B+51.2%	$61.7B+11.1%	$55.53B-26.7%
Price / earnings	180.4×-41.0×	221.4×+25.6×	195.8×-30.5×	226.3×-139×
Price / sales	56×-6.9×	62.9×+9.3×	53.6×+1.8×	51.8×-26.6×
Price / book	17.6×+0.1×	17.5×+4.5×	12.9×+0.5×	12.5×-4.8×
EV / EBITDA	100.8×-13.3×	114.1×+17.3×	96.8×-0.6×	97.4×-57.6×
EV / sales	52.6×-6.6×	59.2×+10.2×	49×+0.7×	48.3×-26.9×
Free cash flow yield	15.5%+2.7pp	12.8%-3.5pp	16.3%-0.1pp	16.4%+6.0pp
Earnings yield	9.7%+2.5pp	7.2%-1.0pp	8.2%+0.6pp	7.6%+3.2pp
Dividend yield	1.5%+0.1pp	1.3%-0.4pp	1.7%-0.1pp	1.8%+0.6pp
PEG ratio	5.3×-2.5×	7.7×+0.3×	7.4×-2.6×	10×+1.9×

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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.