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Tradeweb Markets Inc. TW Ratios & Valuation

FY'25FY'24FY'23FY'22
Profitability
Operating margin158.9%+2.7pp156.2%+11.8pp144.5%+6.9pp137.6%+9.0pp
Net margin128.7%+15.1pp113.6%+4.0pp109.7%+16.8pp92.8%+6.9pp
Returns
Return on equity42.4%+9.6pp32.8%+5.3pp27.5%+4.6pp22.9%+2.7pp
Return on invested capital54.1%+7.7pp46.4%+8.6pp37.8%+5.4pp32.4%+4.0pp
Efficiency
Asset turnover+0.1×0.9×+0.1×0.8×0.0×0.8×+0.1×
Leverage
Debt-to-equity0.1×0.0×0.0×0.0×0.0×
Net debt / EBITDA-6.4×+0.6×-7×+2.0×-9×-2.0×-7×-0.5×
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%
Price / earnings180.4×-41.0×221.4×+25.6×195.8×-30.5×226.3×-139×
Price / sales56×-6.9×62.9×+9.3×53.6×+1.8×51.8×-26.6×
Price / book17.6×+0.1×17.5×+4.5×12.9×+0.5×12.5×-4.8×
EV / EBITDA100.8×-13.3×114.1×+17.3×96.8×-0.6×97.4×-57.6×
Dividend yield1.5%+0.1pp1.3%-0.4pp1.7%-0.1pp1.8%+0.6pp

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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.