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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%+5.8pp158.9%+2.7pp157.5%+2.8pp155.9%+3.8pp156.5%+8.3pp
Net margin140.3%+26.4pp128.7%+15.1pp118.2%+6.3pp114.1%+0.8pp113.9%+1.8pp
EBITDA margin211.4%+4.1pp209.3%+1.7pp208.4%+1.2pp206.7%+0.1pp207.3%+2.6pp
Free cash flow margin213.3%+12.9pp207.9%+6.8pp202.6%-3.2pp201.7%-6.8pp200.4%-12.6pp
Returns
Return on equity47.1%+12.8pp42.4%+9.6pp38.2%+7.2pp35.8%+5.9pp34.3%+5.6pp
Return on assets37.1%+10.2pp33.1%+7.4pp29.6%+5.4pp27.9%+4.4pp26.9%+4.3pp
Return on invested capital56.9%+8.9pp54.1%+7.7pp52.2%+7.8pp49.9%+7.3pp48%+8.1pp
Efficiency
Asset turnover1.1×+0.1×1×+0.1×1×+0.1×1×+0.1×0.9×+0.1×
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×-0.3×-6.4×+0.6×-6.1×+1.9×-5.8×+3.2×-6.3×+2.7×
Interest coverage1,522.8×+817×1,285.4×+641×1,013.4×+280×777.4×-59.9×705.6×-194×
Per Share
Book value per share$118.90+10.8%$115.50+9.6%$112.20+8.3%$109.49+7.6%$107.33+7.4%
Valuation
Market capitalization$101.88B-6.1%$108.49B+9.6%$113.45B+25.6%$116.13B+43.5%$108.49B+48.9%
Enterprise value$94.76B-8.1%$101.9B+9.2%$107.5B+27.5%$110.8B+48.6%$103.08B+54.2%
Price / earnings148.7×-78.2×180.4×-41.0×207.8×-10.7×229×+22.6×226.9×+29.4×
Price / sales50.3×-14.3×56×-6.9×61×-0.1×65.3×+6.9×64.6×+9.2×
Price / book16×-2.7×17.6×+0.1×18.9×+2.6×19.7×+4.9×18.8×+5.1×
EV / EBITDA88.7×-29.6×100.8×-13.3×111.1×+1.2×120.5×+16.5×118.3×+19.3×
EV / sales46.8×-14.5×52.6×-6.6×57.8×+0.9×62.3×+8.5×61.3×+10.6×
Free cash flow yield17.3%+4.8pp15.5%+2.7pp13.6%+0.1pp12.4%-2.0pp12.5%-3.1pp
Earnings yield11.5%+4.4pp9.7%+2.5pp8%+0.6pp7%-0.8pp7.1%-1.1pp
Dividend yield1.6%+0.3pp1.5%+0.1pp1.3%-0.1pp1.2%-0.3pp1.3%-0.4pp
PEG ratio3.7×-4.1×5.3×-2.5×6.3×-2.9×7.9×0.0×7.8×+0.2×

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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.