Tradeweb Markets(TW)
$130.60+0.97 (+0.75%)
TW
Tradeweb Markets financials statements
$130.60
At close:+0.97 (+0.75%)
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Tradeweb Markets (TW) Ratios
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Tradeweb Markets Ratios
TW's free cash flow for Q3 2026 was $318.14M. For the 2026 fiscal year, TW's free cash flow was decreased by $-29.17M and operating cash flow was $347.32M. See a summary of the company’s cash flow.
| Ratios | Dec 25 | Dec 24 | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|---|---|
| Liquidity Ratios | |||||
| Current Ratio | 4.94 | 4.04 | 3.69 | 6.01 | 5.03 |
| Quick Ratio | 4.94 | 4.04 | 3.69 | 6.01 | 5.03 |
| Cash Ratio | 4.39 | 3.21 | 2.74 | 5.27 | 4.35 |
| Solvency Ratio | 1.06 | 0.83 | 0.49 | 0.68 | 0.58 |
| Operating Cash Flow Ratio | 2.46 | 2.15 | 1.20 | 2.65 | 2.59 |
| Short-Term Operating Cash Flow Coverage | 0.00 | 0.00 | 34.52 | 0.00 | 0.00 |
| Net Current Asset Value | $ 1.34B | $ 816.97M | $ 1.17B | $ 722.63M | $ 442.27M |
| Leverage Ratios | |||||
| Debt-to-Assets Ratio | 0.03 | 0.00 | 0.01 | 0.00 | 0.00 |
| Debt-to-Equity Ratio | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 |
| Debt-to-Capital Ratio | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 |
| Long-Term Debt-to-Capital Ratio | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial Leverage Ratio | 1.26 | 1.25 | 1.31 | 1.26 | 1.29 |
| Debt Service Coverage Ratio | 604.65 | 185.61 | 23.36 | 299.33 | 0.00 |
| Interest Coverage Ratio | 435.41 | 158.45 | 246.83 | 228.57 | 0.00 |
| Debt to Market Cap | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Debt Per Share | 1.31 | 0.19 | 0.24 | 0.14 | 0.12 |
| Net Debt to EBITDA | -1.27 | -1.33 | -2.43 | -1.99 | -1.75 |
| Profitability Margins | |||||
| Gross Profit Margin | 67.32% | 65.66% | 65.60% | 63.62% | 62.17% |
| EBIT Margin | 57.34% | 43.96% | 37.05% | 36.92% | 34.52% |
| EBITDA Margin | 69.53% | 56.70% | 50.90% | 51.97% | 50.43% |
| Operating Profit Margin | 41.18% | 39.28% | 37.76% | 34.71% | 33.33% |
| Pretax Profit Margin | 57.25% | 43.71% | 40.95% | 36.77% | 34.37% |
| Net Profit Margin | 39.60% | 29.06% | 27.27% | 26.02% | 21.07% |
| Continuous Operations Profit Margin | 44.90% | 33.02% | 31.35% | 30.25% | 25.37% |
| Net Income Per EBT | 69.18% | 66.48% | 66.58% | 70.77% | 61.31% |
| EBT Per EBIT | 139.03% | 111.26% | 108.45% | 105.95% | 103.11% |
| Return on Assets (ROA) | 9.92% | 6.90% | 5.17% | 4.94% | 3.79% |
| Return on Equity (ROE) | 12.49% | 8.65% | 6.79% | 6.24% | 4.88% |
| Return on Capital Employed (ROCE) | 10.95% | 9.90% | 7.85% | 6.85% | 6.22% |
| Return on Invested Capital (ROIC) | 9.27% | 7.48% | 5.99% | 5.64% | 4.59% |
| Return on Tangible Assets | 20.89% | 19.74% | 11.74% | 13.66% | 12.11% |
| Earnings Yield | 3.54% | 1.80% | 1.90% | 2.32% | 1.12% |
| Efficiency Ratios | |||||
| Receivables Turnover | 7.96 | 5.95 | 2.43 | 7.70 | 8.28 |
| Payables Turnover | 3.58 | 3.63 | 1.12 | 6.78 | 10.49 |
| Inventory Turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Fixed Asset Turnover | 16.68 | 21.70 | 22.77 | 19.07 | 20.88 |
| Asset Turnover | 0.25 | 0.24 | 0.19 | 0.19 | 0.18 |
| Working Capital Turnover Ratio | 1.31 | 1.17 | 0.93 | 1.13 | 1.35 |
| Cash Conversion Cycle | -56.07 | -39.10 | -174.71 | -6.45 | 9.26 |
| Days of Sales Outstanding | 45.85 | 61.34 | 149.90 | 47.38 | 44.06 |
| Days of Inventory Outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Days of Payables Outstanding | 101.93 | 100.45 | 324.61 | 53.83 | 34.80 |
| Operating Cycle | 45.85 | 61.34 | 149.90 | 47.38 | 44.06 |
| Cash Flow Ratios | |||||
| Operating Cash Flow Per Share | 5.48 | 4.21 | 3.54 | 3.08 | 2.87 |
| Free Cash Flow Per Share | 5.29 | 4.02 | 3.25 | 2.79 | 2.61 |
| Dividend Paid and CapEx Coverage Ratio | 8.17 | 7.11 | 5.42 | 5.02 | 4.99 |
| Capital Expenditure Coverage Ratio | 28.79 | 21.92 | 12.08 | 10.53 | 11.26 |
| Operating Cash Flow Coverage Ratio | 4.20 | 25.11 | 15.20 | 22.65 | 23.76 |
| Operating Cash Flow to Sales Ratio | 0.57 | 0.52 | 0.56 | 0.53 | 0.54 |
| Free Cash Flow Yield | 4.92% | 3.07% | 3.57% | 4.29% | 2.61% |
| Valuation Ratios | |||||
| Price-to-Earnings (P/E) Ratio | 28.23 | 55.47 | 52.50 | 43.15 | 88.92 |
| Price-to-Sales (P/S) Ratio | 11.17 | 16.16 | 14.32 | 11.23 | 18.74 |
| Price-to-Book (P/B) Ratio | 3.52 | 4.81 | 3.56 | 2.69 | 4.34 |
| Price-to-Free Cash Flow (P/FCF) Ratio | 20.34 | 32.55 | 27.99 | 23.31 | 38.30 |
| Price-to-Operating Cash Flow Ratio | 19.64 | 31.07 | 25.68 | 21.09 | 34.90 |
| Price-to-Earnings Growth (PEG) Ratio | 0.46 | 1.52 | 3.42 | 1.32 | 3.90 |
| Enterprise Value Multiple | 14.80 | 27.16 | 25.69 | 19.61 | 35.41 |
| Enterprise Value | 21.12B | 26.58B | 17.50B | 12.12B | 19.22B |
| EV to EBITDA | 14.80 | 27.16 | 25.69 | 19.61 | 35.41 |
| EV to Sales | 10.29 | 15.40 | 13.08 | 10.19 | 17.86 |
| EV to Free Cash Flow | 18.74 | 31.03 | 25.57 | 21.16 | 36.50 |
| EV to Operating Cash Flow | 18.09 | 29.61 | 23.45 | 19.15 | 33.25 |
| Tangible Book Value Per Share | 13.56 | 7.84 | 9.39 | 7.55 | 5.92 |
| Shareholders’ Equity Per Share | 30.52 | 27.23 | 25.49 | 24.10 | 23.06 |
| Tax and Other Ratios | |||||
| Effective Tax Rate | 0.22 | 0.24 | 0.23 | 0.18 | 0.26 |
| Revenue Per Share | 9.63 | 8.10 | 6.35 | 5.78 | 5.34 |
| Net Income Per Share | 3.81 | 2.35 | 1.73 | 1.50 | 1.13 |
| Tax Burden | 0.69 | 0.66 | 0.67 | 0.71 | 0.61 |
| Interest Burden | 1.00 | 0.99 | 1.11 | 1.00 | 1.00 |
| Research & Development to Revenue | 0.00 | 0.00 | 0.04 | 0.00 | 0.00 |
| SG&A to Revenue | 0.14 | 0.14 | 0.07 | 0.14 | 0.13 |
| Stock-Based Compensation to Revenue | 0.05 | 0.05 | 0.05 | 0.06 | 0.05 |
| Income Quality | 1.44 | 1.58 | 1.78 | 1.76 | 2.12 |
Currency in USD
