FDS vs. TW: FactSet Research Systems vs. Tradeweb Markets Stock Comparison
How do FactSet Research Systems (FDS) 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
FactSet Research Systems (FDS) 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.
| Profile Item | FDS | TW |
|---|---|---|
| Name | FactSet Research Systems 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 | Financial Exchanges & Data | Financial Exchanges & Data |
| Market Capitalization | 11.56 billion USD | 27.59 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | Nasdaq |
| Listing Date | June 28, 1996 | April 4, 2019 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | FDS | TW |
|---|---|---|
| Total Return (1Y) | 27.49% | 17.01% |
| Total Return (3Y, Annualized) | -8.71% | 11.65% |
| Total Return (5Y, Annualized) | -4.88% | 6.31% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | FDS | TW |
|---|---|---|
| Volatility (1Y, Annualized) | 48.03% | 30.82% |
| Beta (5Y) | 0.69 | 0.54 |
| Max Drawdown (5Y) | -61.13% | -48.64% |
| Avg. Volume (3M) | 803.71K | 1.37M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | FDS | TW |
|---|---|---|
| Sharpe Ratio (1Y) | 0.48 | 0.41 |
| Sortino Ratio (1Y) | 0.71 | 0.60 |
Profitability
ROE (TTM)
FactSet Research Systems (FDS) at 25.48% sits in the top ROE quartile, while Tradeweb Markets (TW) at 14.46% is closer to the peer norm — stronger capital efficiency for FDS.
FDS
Financial Services industry group
25.48%
- Max
- 44.78%
- FDS
- 25.48%
- 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 FactSet Research Systems (FDS) at 21.54%, which keeps about the industry-typical share.
FDS
Financial Services industry group
21.54%
- Max
- 62.84%
- Q3
- 28.05%
- FDS
- 21.54%
- 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 FactSet Research Systems (FDS) at 22.22% and Tradeweb Markets (TW) at 43.30% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
FDS
Financial Services industry group
22.22%
- Max
- 107.33%
- Q3
- 55.90%
- Median
- 30.09%
- FDS
- 22.22%
- 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 | FDS | TW |
|---|---|---|
| ROE (TTM) | 25.48% | 14.46% |
| ROA (TTM) | 10.65% | 12.57% |
| Net Margin (TTM) | 21.54% | 39.86% |
| Operating Margin (TTM) | 22.22% | 43.30% |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both FactSet Research Systems (FDS) at 6.65% 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 FactSet Research Systems (FDS) at -6.30% is closer to the peer norm — faster per-share earnings growth for TW.
Growth Metrics
| Metric | FDS | TW |
|---|---|---|
| Revenue Growth (YoY) | 6.65% | 18.92% |
| Revenue Growth (3Y CAGR) | 5.89% | 19.97% |
| EPS Growth (YoY) | -6.30% | 62.23% |
| EPS Growth (3Y CAGR) | 6.59% | 36.69% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: FactSet Research Systems (FDS) 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: FactSet Research Systems (FDS) 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 | FDS | TW |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both FactSet Research Systems (FDS) at 1.33% and Tradeweb Markets (TW) at 0.42% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
FDS
Financial Services industry group
1.33%
- Max
- 9.77%
- Q3
- 3.92%
- FDS
- 1.33%
- 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)
Both FactSet Research Systems (FDS) at 31.02% 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.
FDS
Financial Services industry group
31.02%
- Max
- 241.07%
- Q3
- 97.36%
- FDS
- 31.02%
- 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 | FDS | TW |
|---|---|---|
| Dividend Yield (TTM) | 1.33% | 0.42% |
| Dividend Payout Ratio (TTM) | 31.02% | 12.68% |
Valuation
P/E Ratio (TTM)
FactSet Research Systems (FDS) at 22.50 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.
FDS
Financial Services industry group
22.50
- Max
- 45.85
- Q3
- 24.64
- FDS
- 22.50
- 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: FactSet Research Systems (FDS) at 4.67 sits in the upper P/S ratio quartile, and Tradeweb Markets (TW) at 12.10 prices even higher, above its industry range.
FDS
Financial Services industry group
4.67
- Max
- 9.23
- FDS
- 4.67
- 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 FactSet Research Systems (FDS) at 5.77 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.
FDS
Financial Services industry group
5.77
- Max
- 7.79
- FDS
- 5.77
- 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 | FDS | TW |
|---|---|---|
| P/E Ratio (TTM) | 22.50 | 29.98 |
| P/S Ratio (TTM) | 4.67 | 12.10 |
| P/B Ratio (MRQ) | 5.77 | 4.03 |
| Free Cash Flow Yield (TTM) | -- | -- |