CG vs. TW: Carlyle vs. Tradeweb Markets Stock Comparison
How do Carlyle (CG) 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
Carlyle (CG) and Tradeweb Markets (TW) both belong to the Capital Markets industry, though CG is classified under Asset Management & Custody Banks while TW falls under Financial Exchanges & Data.
| Profile Item | CG | TW |
|---|---|---|
| Name | The Carlyle Group 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 | 14.04 billion USD | 27.59 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | May 3, 2012 | April 4, 2019 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CG | TW |
|---|---|---|
| Total Return (1Y) | -17.79% | 17.01% |
| Total Return (3Y, Annualized) | 15.29% | 11.65% |
| Total Return (5Y, Annualized) | -3.77% | 6.31% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Carlyle (CG) has an aggressive beta of 1.82, 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 | CG | TW |
|---|---|---|
| Volatility (1Y, Annualized) | 37.89% | 30.82% |
| Beta (5Y) | 1.82 | 0.54 |
| Max Drawdown (5Y) | -56.75% | -48.64% |
| Avg. Volume (3M) | 3.48M | 1.37M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CG | TW |
|---|---|---|
| Sharpe Ratio (1Y) | -0.58 | 0.41 |
| Sortino Ratio (1Y) | -0.81 | 0.60 |
Profitability
ROE (TTM)
Both Carlyle (CG) at 5.23% and Tradeweb Markets (TW) at 14.46% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.
CG
Financial Services industry group
5.23%
- Max
- 44.78%
- Q3
- 21.85%
- Median
- 12.91%
- CG
- 5.23%
- 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 Carlyle (CG) at 12.81%, which keeps about the industry-typical share.
CG
Financial Services industry group
12.81%
- Max
- 62.84%
- Q3
- 28.05%
- Median
- 15.36%
- CG
- 12.81%
- 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)
Carlyle (CG) reports a negative operating margin of -52.93%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Tradeweb Markets (TW) reports 43.30%, ranking against industry peers normally.
CG
Financial Services industry group
-52.93%
- Max
- 107.33%
- Q3
- 55.90%
- Median
- 30.09%
- Q1
- 14.60%
- Min
- -44.34%
- CG
- -52.93%
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 | CG | TW |
|---|---|---|
| ROE (TTM) | 5.23% | 14.46% |
| ROA (TTM) | 1.27% | 12.57% |
| Net Margin (TTM) | 12.81% | 39.86% |
| Operating Margin (TTM) | -52.93% | 43.30% |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Tradeweb Markets (TW) at 18.92% is around its peer norm for revenue growth, while Carlyle (CG) at -5.56% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
Tradeweb Markets (TW) at 62.23% sits in the top EPS growth quartile, while Carlyle (CG) at -21.30% is closer to the peer norm — faster per-share earnings growth for TW.
Growth Metrics
| Metric | CG | TW |
|---|---|---|
| Revenue Growth (YoY) | -5.56% | 18.92% |
| Revenue Growth (3Y CAGR) | -1.43% | 19.97% |
| EPS Growth (YoY) | -21.30% | 62.23% |
| EPS Growth (3Y CAGR) | -13.34% | 36.69% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Carlyle (CG) 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: Carlyle (CG) 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 | CG | TW |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Carlyle (CG) at 3.50% and Tradeweb Markets (TW) at 0.42% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
CG
Financial Services industry group
3.50%
- Max
- 9.77%
- Q3
- 3.92%
- CG
- 3.50%
- 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)
Carlyle (CG) reports payout ratio above 100% at 147.37%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Tradeweb Markets (TW) reports 12.68%, ranking against industry peers normally.
CG
Financial Services industry group
147.37%
- Max
- 241.07%
- CG
- 147.37%
- 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 | CG | TW |
|---|---|---|
| Dividend Yield (TTM) | 3.50% | 0.42% |
| Dividend Payout Ratio (TTM) | 147.37% | 12.68% |
Valuation
P/E Ratio (TTM)
Both Carlyle (CG) at 40.93 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.
CG
Financial Services industry group
40.93
- Max
- 45.85
- CG
- 40.93
- 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)
Both look expensive on sales: Carlyle (CG) at 5.06 sits in the upper P/S ratio quartile, and Tradeweb Markets (TW) at 12.10 prices even higher, above its industry range.
CG
Financial Services industry group
5.06
- Max
- 9.23
- CG
- 5.06
- 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)
Carlyle (CG) at 2.81 is valued about in line with its industry on P/B ratio, while Tradeweb Markets (TW) at 4.03 carries an above-peer premium to book — TW is pricier on assets.
CG
Financial Services industry group
2.81
- Max
- 7.79
- Q3
- 3.63
- CG
- 2.81
- 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 | CG | TW |
|---|---|---|
| P/E Ratio (TTM) | 40.93 | 29.98 |
| P/S Ratio (TTM) | 5.06 | 12.10 |
| P/B Ratio (MRQ) | 2.81 | 4.03 |
| Free Cash Flow Yield (TTM) | -- | -- |