TW
HoldFallen FavouriteTradeweb Markets Inc. · Financial Services · United States · $21.7B
$107.40 -0.1% · close 7 Oct · scored 9 Oct
Fallen Favourite: A good business, still expensive, and the price is falling.
Read our full research report on TW (Jun 2026), freeDoes StockRank work? Each month we publish how every decile did, whichever way it went. See the record →
ABOUT TRADEWEB MARKETS INC.
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Tradeweb Markets Inc. operates leading electronic marketplaces for institutional fixed income, derivatives, and exchange-traded funds, connecting a broad network of market participants. Its competitive moat is built upon a powerful network effect, deep liquidity pools, and proprietary technology that offers efficient price discovery and trade execution across a wide range of asset classes. Tradeweb is a dominant player in the electronification of wholesale financial markets.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.2B | 1.3B | 1.7B | 2.1B | 20.0% | 2.2B | 2.3B | 2.6B | 12.9% |
| EPS | 1.50 | 1.73 | 2.35 | 3.81 | 36.4% | 4.19 | 4.45 | 5.07 | 15.3% |
| Shares | 207.7M | 212.0M | 212.9M | 212.4M | +2.3% | — | — | — | — |
| Debt | 27.9M | 27.5M | 35.7M | 139.2M | 70.8% | 150.3M | — | — | — |
| Equity | 5.0B | 5.4B | 5.8B | 6.5B | 9.5% | — | — | — | — |
| Op CF | 632.8M | 746.1M | 897.7M | 1.2B | 22.7% | 1.2B | — | — | — |
| Inv CF | -60.1M | -132.8M | -969.2M | -126.5M | — | — | — | — | — |
| Fin CF | -276.7M | -168.2M | -290.3M | -307.5M | — | — | — | — | — |
Calmer than 71% of stocks we rank over the past year (31% a year).
How this is worked out
What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of TW are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| TW | Tradeweb Markets Inc.(you) | $21.7B | 42 | Hold |
| LPLA | LPL Financial Holdings Inc. | $23.8B | 50 | Hold |
| JEF | Jefferies Financial Group Inc. | $9.6B | 44 | Hold |
| EVR | Evercore Inc. | $10.0B | 39 | Hold |
| GLXY | Galaxy Digital | $15.2B | 27 | Sell |
| SNEX | StoneX Group Inc. | $8.2B | 38 | Hold |
| HLI | Houlihan Lokey, Inc. | $9.1B | 36 | Hold |
| FIGR | Figure Technology Solutions, Inc. | $7.8B | 38 | Hold |
| SF | Stifel Financial Corp. | $10.9B | 54 | Hold |
| BMNR | Bitmine Immersion Technologies, Inc. | $16.6B | 20 | Strong Sell |
Peer medians: ROE 9.5% · P/E 12.3x · Gross margin 100.0%
Company Deep Dive
Read the full research report: business segments breakdown, earnings transcripts review, management credibility analysis, competitive landscape, and scenarios.