BX vs. TW: Blackstone vs. Tradeweb Markets Stock Comparison
How do Blackstone (BX) and Tradeweb Markets (TW) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Blackstone (BX) and Tradeweb Markets (TW) both belong to the Capital Markets industry, though BX is classified under Asset Management & Custody Banks while TW falls under Financial Exchanges & Data.
| Profile Item | BX | TW |
|---|---|---|
| Name | Blackstone Inc. | Tradeweb Markets Inc. Class A Common Stock |
| Country/Region | United States | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Financial Services | Financial Services |
| GICS Industry | Capital Markets | Capital Markets |
| GICS Sub-Industry | Asset Management & Custody Banks | Financial Exchanges & Data |
| Market Capitalization | 148.61 billion USD | 27.59 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | Nasdaq |
| Listing Date | June 22, 2007 | April 4, 2019 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | BX | TW |
|---|---|---|
| Total Return (1Y) | -11.29% | 17.01% |
| Total Return (3Y, Annualized) | 12.22% | 11.65% |
| Total Return (5Y, Annualized) | 0.26% | 6.31% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Blackstone (BX) has an aggressive beta of 1.50, indicating higher sensitivity to broad-market moves, while Tradeweb Markets (TW) is defensive at 0.54 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.
| Metric | BX | TW |
|---|---|---|
| Volatility (1Y, Annualized) | 38.63% | 30.82% |
| Beta (5Y) | 1.50 | 0.54 |
| Max Drawdown (5Y) | -49.29% | -48.64% |
| Avg. Volume (3M) | 4.75M | 1.37M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | BX | TW |
|---|---|---|
| Sharpe Ratio (1Y) | -0.40 | 0.41 |
| Sortino Ratio (1Y) | -0.57 | 0.60 |
Profitability
ROE (TTM)
Blackstone (BX) at 32.38% sits in the top ROE quartile, while Tradeweb Markets (TW) at 14.46% is closer to the peer norm — stronger capital efficiency for BX.
BX
Financial Services industry group
32.38%
- Max
- 44.78%
- BX
- 32.38%
- Q3
- 21.85%
- Median
- 12.91%
- Q1
- 4.48%
- Min
- -18.71%
TW
Financial Services industry group
14.46%
- Max
- 44.78%
- Q3
- 21.85%
- TW
- 14.46%
- Median
- 12.91%
- Q1
- 4.48%
- Min
- -18.71%
Net Margin (TTM)
Tradeweb Markets (TW) at 39.86% retains a top-quartile share of revenue as profit, ahead of Blackstone (BX) at 22.99%, which keeps about the industry-typical share.
BX
Financial Services industry group
22.99%
- Max
- 62.84%
- Q3
- 28.05%
- BX
- 22.99%
- Median
- 15.36%
- Q1
- 4.82%
- Min
- -28.52%
TW
Financial Services industry group
39.86%
- Max
- 62.84%
- TW
- 39.86%
- Q3
- 28.05%
- Median
- 15.36%
- Q1
- 4.82%
- Min
- -28.52%
Operating Margin (TTM)
Both Blackstone (BX) at 48.86% and Tradeweb Markets (TW) at 43.30% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
BX
Financial Services industry group
48.86%
- Max
- 107.33%
- Q3
- 55.90%
- BX
- 48.86%
- Median
- 30.09%
- Q1
- 14.60%
- Min
- -44.34%
TW
Financial Services industry group
43.30%
- Max
- 107.33%
- Q3
- 55.90%
- TW
- 43.30%
- Median
- 30.09%
- Q1
- 14.60%
- Min
- -44.34%
Profitability Metrics
| Metric | BX | TW |
|---|---|---|
| ROE (TTM) | 32.38% | 14.46% |
| ROA (TTM) | 14.27% | 12.57% |
| Net Margin (TTM) | 22.99% | 39.86% |
| Operating Margin (TTM) | 48.86% | 43.30% |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both Blackstone (BX) at 13.54% and Tradeweb Markets (TW) at 18.92% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Tradeweb Markets (TW) at 62.23% sits in the top EPS growth quartile, while Blackstone (BX) at 6.91% is closer to the peer norm — faster per-share earnings growth for TW.
Growth Metrics
| Metric | BX | TW |
|---|---|---|
| Revenue Growth (YoY) | 13.54% | 18.92% |
| Revenue Growth (3Y CAGR) | 20.27% | 19.97% |
| EPS Growth (YoY) | 6.91% | 62.23% |
| EPS Growth (3Y CAGR) | 17.92% | 36.69% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Blackstone (BX) in Financial Services and Tradeweb Markets (TW) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: Blackstone (BX) in Financial Services and Tradeweb Markets (TW) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | BX | TW |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Blackstone (BX) at 4.22% delivers top-quartile income for its industry, while Tradeweb Markets (TW) at 0.42% pays a more typical yield — both are credible income propositions, BX the richer one.
BX
Financial Services industry group
4.22%
- Max
- 9.77%
- BX
- 4.22%
- Q3
- 3.92%
- Median
- 1.09%
- Q1
- 0.00%
- Min
- 0.00%
TW
Financial Services industry group
0.42%
- Max
- 9.77%
- Q3
- 3.92%
- Median
- 1.09%
- TW
- 0.42%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Blackstone (BX) reports payout ratio above 100% at 111.19%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Tradeweb Markets (TW) reports 12.68%, ranking against industry peers normally.
BX
Financial Services industry group
111.19%
- Max
- 241.07%
- BX
- 111.19%
- Q3
- 97.36%
- Median
- 25.77%
- Q1
- 0.00%
- Min
- 0.00%
TW
Financial Services industry group
12.68%
- Max
- 241.07%
- Q3
- 97.36%
- Median
- 25.77%
- TW
- 12.68%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | BX | TW |
|---|---|---|
| Dividend Yield (TTM) | 4.22% | 0.42% |
| Dividend Payout Ratio (TTM) | 111.19% | 12.68% |
Valuation
P/E Ratio (TTM)
Both Blackstone (BX) at 26.61 and Tradeweb Markets (TW) at 29.98 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.
BX
Financial Services industry group
26.61
- Max
- 45.85
- BX
- 26.61
- Q3
- 24.64
- Median
- 15.37
- Q1
- 9.68
- Min
- 0.16
TW
Financial Services industry group
29.98
- Max
- 45.85
- TW
- 29.98
- Q3
- 24.64
- Median
- 15.37
- Q1
- 9.68
- Min
- 0.16
P/S Ratio (TTM)
Investors are paying well above the peer range per dollar of sales for both Blackstone (BX) at 9.61 and Tradeweb Markets (TW) at 12.10 — each P/S ratio clears its industry’s benchmark range.
BX
Financial Services industry group
9.61
- BX
- 9.61
- Max
- 9.23
- Q3
- 4.57
- Median
- 2.72
- Q1
- 1.28
- Min
- -0.55
TW
Financial Services industry group
12.10
- TW
- 12.10
- Max
- 9.23
- Q3
- 4.57
- Median
- 2.72
- Q1
- 1.28
- Min
- -0.55
P/B Ratio (MRQ)
Both look rich against book: Tradeweb Markets (TW) at 4.03 sits in the upper P/B ratio quartile, and Blackstone (BX) at 10.81 prices even higher, above its industry range.
BX
Financial Services industry group
10.81
- BX
- 10.81
- Max
- 7.79
- Q3
- 3.63
- Median
- 1.57
- Q1
- 0.81
- Min
- -0.39
TW
Financial Services industry group
4.03
- Max
- 7.79
- TW
- 4.03
- Q3
- 3.63
- Median
- 1.57
- Q1
- 0.81
- Min
- -0.39
Valuation Metrics
| Metric | BX | TW |
|---|---|---|
| P/E Ratio (TTM) | 26.61 | 29.98 |
| P/S Ratio (TTM) | 9.61 | 12.10 |
| P/B Ratio (MRQ) | 10.81 | 4.03 |
| Free Cash Flow Yield (TTM) | -- | -- |