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%+5.8pp | 158.9%+2.7pp | 157.5%+2.8pp | 155.9%+3.8pp | 156.5%+8.3pp | |
| Net margin | 140.3%+26.4pp | 128.7%+15.1pp | 118.2%+6.3pp | 114.1%+0.8pp | 113.9%+1.8pp | |
| Returns | ||||||
| Return on equity | 47.1%+12.8pp | 42.4%+9.6pp | 38.2%+7.2pp | 35.8%+5.9pp | 34.3%+5.6pp | |
| Return on invested capital | 56.9%+8.9pp | 54.1%+7.7pp | 52.2%+7.8pp | 49.9%+7.3pp | 48%+8.1pp | |
| Efficiency | ||||||
| Asset turnover | 1.1×+0.1× | 1×+0.1× | 1×+0.1× | 1×+0.1× | 0.9×+0.1× | |
| 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×-0.3× | -6.4×+0.6× | -6.1×+1.9× | -5.8×+3.2× | -6.3×+2.7× | |
| 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% | |
| Price / earnings | 148.7×-78.2× | 180.4×-41.0× | 207.8×-10.7× | 229×+22.6× | 226.9×+29.4× | |
| Price / sales | 50.3×-14.3× | 56×-6.9× | 61×-0.1× | 65.3×+6.9× | 64.6×+9.2× | |
| Price / book | 16×-2.7× | 17.6×+0.1× | 18.9×+2.6× | 19.7×+4.9× | 18.8×+5.1× | |
| EV / EBITDA | 88.7×-29.6× | 100.8×-13.3× | 111.1×+1.2× | 120.5×+16.5× | 118.3×+19.3× | |
| Dividend yield | 1.6%+0.3pp | 1.5%+0.1pp | 1.3%-0.1pp | 1.2%-0.3pp | 1.3%-0.4pp |
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.
