CME vs. TW: CME vs. Tradeweb Markets Stock Comparison

November 11, 2026

How do CME (CME) 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

CME (CME) and Tradeweb Markets (TW) are both classified in the Financial Exchanges & Data sub-industry within the broader Capital Markets industry, placing them in the closest GICS peer bucket.

Company profile comparison for CME (CME) and Tradeweb Markets (TW)
Profile Item	CME	TW
Name	CME Group Inc. Class A Common Stock	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	Financial Exchanges & Data	Financial Exchanges & Data
Market Capitalization	109.49 billion USD	27.59 billion USD
Currency	USD	USD
Exchange	Nasdaq	Nasdaq
Listing Date	December 6, 2002	April 4, 2019
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CME

GSPC

CME (CME) vs. Tradeweb Markets (TW), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for CME (CME) and Tradeweb Markets (TW). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for CME (CME) and Tradeweb Markets (TW). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for CME (CME) and Tradeweb Markets (TW)
Metric	CME	TW
Total Return (1Y)	14.24%	17.01%
Total Return (3Y, Annualized)	16.88%	11.65%
Total Return (5Y, Annualized)	11.09%	6.31%

Risk Profile

Drawdown History

CME

GSPC

CME (CME) vs. Tradeweb Markets (TW), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for CME (CME) and Tradeweb Markets (TW). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for CME (CME) and Tradeweb Markets (TW)
Metric	CME	TW
Volatility (1Y, Annualized)	24.87%	30.82%
Beta (5Y)	0.16	0.54
Max Drawdown (5Y)	-31.74%	-48.64%
Avg. Volume (3M)	1.91M	1.37M

Risk-Adjusted Performance

Risk-Return Positioning

CME and TW are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for CME (CME) and Tradeweb Markets (TW)
Metric	CME	TW
Sharpe Ratio (1Y)	0.40	0.41
Sortino Ratio (1Y)	0.56	0.60

Profitability

ROE (TTM)

Both CME (CME) at 16.13% 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.

CME

Financial Services industry group

16.13%

Max: 44.78%
Q3: 21.85%
CME: 16.13%
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%

CME (CME) vs. Tradeweb Markets (TW): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

CME (CME) at 63.48% keeps the most of each sales dollar — above its industry’s net margin range — and Tradeweb Markets (TW) at 39.86% also retains a top-quartile share.

CME

Financial Services industry group

63.48%

CME: 63.48%
Max: 62.84%
Q3: 28.05%
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%

CME (CME) vs. Tradeweb Markets (TW): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

CME (CME) at 65.85% operates in the top operating margin quartile, ahead of Tradeweb Markets (TW) at 43.30%, which runs around its industry’s norm.

CME

Financial Services industry group

65.85%

Max: 107.33%
CME: 65.85%
Q3: 55.90%
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%

CME (CME) vs. Tradeweb Markets (TW): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for CME (CME) and Tradeweb Markets (TW)
Metric	CME	TW
ROE (TTM)	16.13%	14.46%
ROA (TTM)	1.52%	12.57%
Net Margin (TTM)	63.48%	39.86%
Operating Margin (TTM)	65.85%	43.30%
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Both CME (CME) at 6.37% 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.

CME (CME) vs. Tradeweb Markets (TW): A comparison of their Revenue Growth across different time periods.

EPS Growth

Tradeweb Markets (TW) at 62.23% sits in the top EPS growth quartile, while CME (CME) at 15.41% is closer to the peer norm — faster per-share earnings growth for TW.

CME (CME) vs. Tradeweb Markets (TW): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for CME (CME) and Tradeweb Markets (TW)
Metric	CME	TW
Revenue Growth (YoY)	6.37%	18.92%
Revenue Growth (3Y CAGR)	9.11%	19.97%
EPS Growth (YoY)	15.41%	62.23%
EPS Growth (3Y CAGR)	14.68%	36.69%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: CME (CME) 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: CME (CME) 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

Financial strength metrics for CME (CME) and Tradeweb Markets (TW)
Metric	CME	TW
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Both CME (CME) at 1.68% and Tradeweb Markets (TW) at 0.42% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

CME

Financial Services industry group

1.68%

Max: 9.77%
Q3: 3.92%
CME: 1.68%
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%

CME (CME) vs. Tradeweb Markets (TW): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both CME (CME) at 92.62% and Tradeweb Markets (TW) at 12.68% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

CME

Financial Services industry group

92.62%

Max: 241.07%
Q3: 97.36%
CME: 92.62%
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%

CME (CME) vs. Tradeweb Markets (TW): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for CME (CME) and Tradeweb Markets (TW)
Metric	CME	TW
Dividend Yield (TTM)	1.68%	0.42%
Dividend Payout Ratio (TTM)	92.62%	12.68%

Valuation

P/E Ratio (TTM)

Both CME (CME) at 25.07 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.

CME

Financial Services industry group

25.07

Max: 45.85
CME: 25.07
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

CME (CME) vs. Tradeweb Markets (TW): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Investors are paying well above the peer range per dollar of sales for both CME (CME) at 15.74 and Tradeweb Markets (TW) at 12.10 — each P/S ratio clears its industry’s benchmark range.

CME

Financial Services industry group

15.74

CME: 15.74
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

CME (CME) vs. Tradeweb Markets (TW): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

Both CME (CME) at 4.12 and Tradeweb Markets (TW) at 4.03 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

CME

Financial Services industry group

4.12

Max: 7.79
CME: 4.12
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

CME (CME) vs. Tradeweb Markets (TW): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for CME (CME) and Tradeweb Markets (TW)
Metric	CME	TW
P/E Ratio (TTM)	25.07	29.98
P/S Ratio (TTM)	15.74	12.10
P/B Ratio (MRQ)	4.12	4.03
Free Cash Flow Yield (TTM)	--	--