Stock Analysis
Tradeweb Markets Inc. Class A Common StockTW
P/E 26.69×· 5Y range 22.44–90.57×· bottom 8% of history
Sector: Financial Services · Industry: Security & Commodity Brokers, Dealers, Exchanges & Services
AnalystsBuy24 analystsP/E 26.7× sits at the 8th percentile of its 5.0513347022587265-year history.
PMP Verdict
Strong business, attractive price
Strengths
- Quality92
- Growth90
High-quality business at an attractive price.
Bull Case
- ✓Piotroski F-Score 7/9 — high earnings quality
- ✓Altman Z 15.3 — safe-zone balance sheet
- ✓Revenue CAGR 17.5% — durable top-line growth
- ✓Interest coverage 97.6× — debt well covered
- ✓P/E 26.7× at bottom 8% of 5-year history
What's happening with TW
Profile
Strong earnings quality, growth, profitability and financial health.
How is each axis scored?
- Valuation52/100 · Moderate
- P/E vs own history (8th pct)25/25
- FCF yield (4.8%)12/25
- P/S (10.8x)5/25
- EV/EBIT (n/a)10/25
- Growth90/100 · Strong
- Revenue CAGR (17.5%)20/25
- Net income CAGR (37.6%)25/25
- EPS CAGR 5Y (36.3%)25/25
- Fwd implied growth (18.9%)20/25
- Profitability82/100 · Strong
- ROIC (17.2%)20/25
- ROE (13.8%)12/25
- Net margin (40.7%)25/25
- Operating margin (43.7%)25/25
- Financial Health75/100 · Strong
- Altman Z (15.30)25/25
- Current ratio (4.84)25/25
- Interest coverage (97.6x)25/25
- Net cash / debt (n/a)0/25
- Quality92/100 · Strong
- Piotroski F (7/9)22/25
- Beneish M (-2.53)25/25
- FCF conversion (128%)25/25
- Margin stability (σ 7.5%)20/25
- Moat63/100 · Moderate
- ROIC >12% years (2/7 yrs)0/25
- Median gross margin (34.7%)13/25
- FCF-positive years (7/7 yrs)25/25
- Worst-year net margin (worst 10.8%)25/25
About Tradeweb Markets Inc. Class A Common Stock
Founded in 1998 and headquartered in New York City, Tradeweb Markets is a leading fixed-income trading platform. Show more
While it does offer electronic processing for some voice-negotiated trades, the company focuses primarily on providing electronic trading networks that connect broker/dealers, institutional clients, and retail customers. While the company offers trading in a wide variety of products, the bulk of its business is in US and European government debt, mortgage-backed securities, interest-rate swaps, and US and international corporate bonds. The firm also sells fixed-income trading and price data, primarily through a deal with Refinitiv's Eikon service.
Headquarters: NEW YORK, NY · Employees: 1,569 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
52CP/E (TTM)26.7xC
Grade C: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 22.4x–90.6x · 8th pct
P/FCF24.4xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield4.8%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 2.4%–6.0% · 86th pct
P/S (TTM)10.85xD
Grade D: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 9.0x–20.4x · 12th pct
EV/EBITDA19.9xC
Grade C: ExpensiveEnterprise value / EBITDA (Finnhub) — capital-structure neutral
EV/Sales10.9xD
Grade D: Very expensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E22.5xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio3.68xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio1.66B
Grade B: FairFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield0.42%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio12.3%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
82AROIC17.2%A
Grade A: MoatNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE13.8%C
Grade C: AverageReturn on Equity. Neg. equity = heavy buybacks
ROA11.0%A
Grade A: StrongReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin40.7%A
Grade A: HighNet Income / Revenue
Operating Margin43.7%A
Grade A: HighTTM EBIT / TTM Revenue
Gross Margin43.7%C
Grade C: AverageGross Profit / Revenue
FCF Margin51.9%A
Grade A: HighFCF / Revenue
True FCF Margin46.9%A
Grade A: HighTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
90A+Revenue CAGR17.5%A
Grade A: HighCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR37.6%A
Grade A: HighCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)36.3%A
Grade A: HighCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth18.9%C
Grade C: MedAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)+2.3%C
Grade C: DilutiveShare count change over 5Y
SBC / Net Income12.2%C
Grade C: MedStock-based comp/Net income. >30% = dilution risk
SBC / Revenue5.0%C
Grade C: MedTTM stock-based comp / TTM Revenue
Financial Health
75B+Altman Z-Score15.30A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio4.84xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio4.84xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage97.6xA
Grade A: StrongEBIT/Interest. >10 Strong
Debt Repayment—
Years to repay net debt via FCF
Net Debt/EBIT—
Leverage. <2x Low, >4x High
Debt/Equity0.00xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt—
Cash covers how much of total debt. >1 = could repay all debt from cash
Quality
92A+Piotroski F-Score7/9A
Grade A: StrongFinancial strength 0–9. >7 Strong
Beneish M-Score-2.53A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion127.6%A
Grade A: StrongFCF / Net Income
Margin Stability7.5%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue2.3%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.27xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Dixon Troy Filed | Dixon Troy | SellOpen market sale | -2584 | |
Dixon Troy Filed | Dixon Troy | SellOpen market sale | -546 | |
Peterson Justin Filed | Peterson Justin | SellOpen market sale | -21221 | |
BERNS STEVEN Filed | BERNS STEVEN | SellOpen market sale | -425 | |
Yared Rana Filed | Yared Rana | Grant / award | +1.6K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Ganeles Scott Filed | Ganeles Scott | Grant / award | +1.6K | |
Opoku Lisa Filed | Opoku Lisa | Grant / award | +1.6K | |
Repetto Richard H Filed | Repetto Richard H | Grant / award | +1.6K |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
63BROIC >12% Years2/7 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)34.7%C
Grade C: ModerateMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years7/7 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor10.8%A
Grade A: DurableWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$4.25
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$9.03
Cash & short-term investments per share (Finnhub)
Book Value / Share$28.34
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt—
Total debt obligations (short + long term)
Cash & Equiv.$2.08B
Cash and short-term investments
Net Debt—
Total Debt minus Cash. Negative = Net Cash position
Total Equity$6.51B
Shareholders' equity (book value)
Asset / Liability8.19xA
Grade A: SolidTotal Assets / Total Liabilities
Market
Market Cap$23.94B
Current Market Capitalization
Beta0.61B
Grade B: DefensivePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 16, 2026
Key Insights: Tradeweb Markets Inc. Class A Common Stock (TW)
TW is up 1.33% in after-hours trading. Tradeweb Markets Inc. Class A Common Stock meets 7 of 9 Piotroski F-Score criteria, placing its fundamental strength in the top tier of US-listed stocks. Altman Z-Score of 15.30 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk.
- Beneish M-Score of -2.53 suggests a low likelihood of earnings manipulation.
- Revenue has compounded at roughly 18% annually, with net income growing about 38% per year — a strong growth profile.
- Tradeweb Markets Inc. Class A Common Stock converts about 52% of revenue into free cash flow — strong cash generation.
See how TW ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all TW moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 5 | Regular | 107.09 | +4.76% | 2.80 |
| Oct 5 | After-hours | 107.11 | +4.78% | 2.81 |
| Sep 22 | Regular | 99.65 | -4.60% | -2.96 |
| Sep 22 | After-hours | 99.49 | -4.75% | -3.06 |
Frequently Asked Questions about TW
What is the current Tradeweb Markets Inc. Class A Common Stock (TW) stock price?
TW is trading at $113.49 in after-hours trading, up 1.33% on the session. PreMarketPrice tracks TW pre-market, intraday and after-hours prices.
Is TW stock a buy right now?
PreMarketPrice's quantitative model rates Tradeweb Markets Inc. Class A Common Stock's financial health at 75/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is TW stock overvalued?
Tradeweb Markets Inc. Class A Common Stock trades at a trailing P/E of 26.7 and our valuation score rates it 52/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Tradeweb Markets Inc. Class A Common Stock report earnings?
No confirmed earnings date is currently scheduled for TW. The Earnings section lists recent reports and updates as dates are announced.
What sector does Tradeweb Markets Inc. Class A Common Stock operate in?
Tradeweb Markets Inc. Class A Common Stock operates in the Financial Services sector, within the Security & Commodity Brokers, Dealers, Exchanges & Services industry. The Related Stocks section lists sector peers for comparison.
What does Tradeweb Markets Inc. Class A Common Stock do?
Founded in 1998 and headquartered in New York City, Tradeweb Markets is a leading fixed-income trading platform.
About Tradeweb Markets Inc. Class A Common Stock (TW) Stock
Tradeweb Markets Inc. Class A Common Stock (TW) is a US-listed stock operating in the Financial Services sector, specifically the Security & Commodity Brokers, Dealers, Exchanges & Services industry. As of the latest update, Tradeweb Markets Inc. Class A Common Stock is trading at $113.49, up 1.33% on the day with a market capitalization of $23.9 billion. The financial health score for TW is 75/100, which indicates excellent financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for TW stock.
TW Stock Analysis & Key Metrics
On PreMarketPrice, you can track Tradeweb Markets Inc. Class A Common Stock (TW) across multiple dimensions:
- Pre-market price & movement: Real-time TW stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for TW with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Tradeweb Markets Inc. Class A Common Stock across multiple reporting periods.
- Financial health score: A composite score of 75/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for TW.
- Sector peers: Compare TW against 6 other financial services stocks on key financial metrics.
Is TW a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Tradeweb Markets Inc. Class A Common Stock (TW) as an investment. The financial health score of 75/100 suggests excellent financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Tradeweb Markets Inc. Class A Common Stock (TW) trades on NYSE. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.