EQH vs. TW: Equitable vs. Tradeweb Markets Stock Comparison
How do Equitable (EQH) 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
Equitable (EQH) and Tradeweb Markets (TW) both fall under the Financial Services industry group, but EQH is classified in Financial Services while TW is classified in Capital Markets.
| Profile Item | EQH | TW |
|---|---|---|
| Name | Equitable Holdings 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 | Financial Services | Capital Markets |
| GICS Sub-Industry | Diversified Financial Services | Financial Exchanges & Data |
| Market Capitalization | 14.04 billion USD | 27.59 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | Nasdaq |
| Listing Date | May 10, 2018 | April 4, 2019 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | EQH | TW |
|---|---|---|
| Total Return (1Y) | 26.35% | 17.01% |
| Total Return (3Y, Annualized) | 32.07% | 11.65% |
| Total Return (5Y, Annualized) | 12.88% | 6.31% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | EQH | TW |
|---|---|---|
| Volatility (1Y, Annualized) | 33.44% | 30.82% |
| Beta (5Y) | 1.04 | 0.54 |
| Max Drawdown (5Y) | -35.85% | -48.64% |
| Avg. Volume (3M) | 2.71M | 1.37M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | EQH | TW |
|---|---|---|
| Sharpe Ratio (1Y) | 0.66 | 0.41 |
| Sortino Ratio (1Y) | 0.94 | 0.60 |
Profitability
ROE (TTM)
Equitable (EQH) at 171.08% clears its industry range for ROE, a sharper capital-efficiency signal than Tradeweb Markets (TW) at 14.46%, which is closer to a typical peer reading.
EQH
Financial Services industry group
171.08%
- EQH
- 171.08%
- Max
- 44.78%
- 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 Equitable (EQH) at 11.52%, which keeps about the industry-typical share.
EQH
Financial Services industry group
11.52%
- Max
- 62.84%
- Q3
- 28.05%
- Median
- 15.36%
- EQH
- 11.52%
- 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 Equitable (EQH) at 37.18% and Tradeweb Markets (TW) at 43.30% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
EQH
Financial Services industry group
37.18%
- Max
- 107.33%
- Q3
- 55.90%
- EQH
- 37.18%
- 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 | EQH | TW |
|---|---|---|
| ROE (TTM) | 171.08% | 14.46% |
| ROA (TTM) | 0.45% | 12.57% |
| Net Margin (TTM) | 11.52% | 39.86% |
| Operating Margin (TTM) | 37.18% | 43.30% |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Tradeweb Markets (TW) at 18.92% is around its peer norm for revenue growth, while Equitable (EQH) at -6.12% 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 Equitable (EQH) at -227.78% falls below its industry range — a large difference in per-share earnings trajectories.
Growth Metrics
| Metric | EQH | TW |
|---|---|---|
| Revenue Growth (YoY) | -6.12% | 18.92% |
| Revenue Growth (3Y CAGR) | -2.65% | 19.97% |
| EPS Growth (YoY) | -227.78% | 62.23% |
| EPS Growth (3Y CAGR) | -- | 36.69% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Equitable (EQH) 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: Equitable (EQH) 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 | EQH | TW |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Equitable (EQH) at 0.51% and Tradeweb Markets (TW) at 0.42% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
EQH
Financial Services industry group
0.51%
- Max
- 9.77%
- Q3
- 3.92%
- Median
- 1.09%
- EQH
- 0.51%
- 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)
Both Equitable (EQH) at 22.49% 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.
EQH
Financial Services industry group
22.49%
- Max
- 241.07%
- Q3
- 97.36%
- Median
- 25.77%
- EQH
- 22.49%
- 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 | EQH | TW |
|---|---|---|
| Dividend Yield (TTM) | 0.51% | 0.42% |
| Dividend Payout Ratio (TTM) | 22.49% | 12.68% |
Valuation
P/E Ratio (TTM)
Equitable (EQH) at 10.39 is near its industry’s usual P/E ratio, while Tradeweb Markets (TW) at 29.98 sits in the richer quartile — TW needs stronger growth or earnings quality to justify the premium.
EQH
Financial Services industry group
10.39
- Max
- 45.85
- Q3
- 24.64
- Median
- 15.37
- EQH
- 10.39
- 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)
Equitable (EQH) at 1.08 sits in the cheaper P/S ratio quartile while Tradeweb Markets (TW) at 12.10 prices above its industry range — a wide gap in sales valuation between them.
EQH
Financial Services industry group
1.08
- Max
- 9.23
- Q3
- 4.57
- Median
- 2.72
- Q1
- 1.28
- EQH
- 1.08
- 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)
Equitable (EQH) reports a negative P/B ratio of -4.92, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Tradeweb Markets (TW) reports 4.03, ranking against industry peers normally.
EQH
Financial Services industry group
-4.92
- Max
- 7.79
- Q3
- 3.63
- Median
- 1.57
- Q1
- 0.81
- Min
- -0.39
- EQH
- -4.92
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 | EQH | TW |
|---|---|---|
| P/E Ratio (TTM) | 10.39 | 29.98 |
| P/S Ratio (TTM) | 1.08 | 12.10 |
| P/B Ratio (MRQ) | -4.92 | 4.03 |
| Free Cash Flow Yield (TTM) | -- | -- |