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MS vs. TW: Morgan Stanley vs. Tradeweb Markets Stock Comparison

How do Morgan Stanley (MS) 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

Morgan Stanley (MS) and Tradeweb Markets (TW) both belong to the Capital Markets industry, though MS is classified under Investment Banking & Brokerage while TW falls under Financial Exchanges & Data.

Company profile comparison for Morgan Stanley (MS) and Tradeweb Markets (TW)
Profile ItemMSTW
NameMorgan Stanley Common StockTradeweb Markets Inc. Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupFinancial ServicesFinancial Services
GICS IndustryCapital MarketsCapital Markets
GICS Sub-IndustryInvestment Banking & BrokerageFinancial Exchanges & Data
Market Capitalization283.60 billion USD27.59 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateFebruary 23, 1993April 4, 2019
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

MS
TW
GSPC
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Morgan Stanley (MS) 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 Morgan Stanley (MS) and Tradeweb Markets (TW). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Morgan Stanley (MS) and Tradeweb Markets (TW)
MetricMSTW
Total Return (1Y)19.44%17.01%
Total Return (3Y, Annualized)40.69%11.65%
Total Return (5Y, Annualized)17.38%6.31%

Risk Profile

Drawdown History

MS
TW
GSPC
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Morgan Stanley (MS) 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 Morgan Stanley (MS) and Tradeweb Markets (TW). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Morgan Stanley (MS) and Tradeweb Markets (TW)
MetricMSTW
Volatility (1Y, Annualized)29.73%30.82%
Beta (5Y)1.210.54
Max Drawdown (5Y)-32.38%-48.64%
Avg. Volume (3M)5.37M1.37M

Risk-Adjusted Performance

Risk-Return Positioning

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MS 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 Morgan Stanley (MS) and Tradeweb Markets (TW)
MetricMSTW
Sharpe Ratio (1Y)0.510.41
Sortino Ratio (1Y)0.730.60

Profitability

ROE (TTM)

Both Morgan Stanley (MS) at 18.04% 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.

MS

Financial Services industry group

18.04%

Max
44.78%
Q3
21.85%
MS
18.04%
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%
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Morgan Stanley (MS) vs. Tradeweb Markets (TW): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

Tradeweb Markets (TW) at 39.86% retains a top-quartile share of revenue as profit, ahead of Morgan Stanley (MS) at 25.63%, which keeps about the industry-typical share.

MS

Financial Services industry group

25.63%

Max
62.84%
Q3
28.05%
MS
25.63%
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%
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Morgan Stanley (MS) vs. Tradeweb Markets (TW): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Both Morgan Stanley (MS) at 39.00% and Tradeweb Markets (TW) at 43.30% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

MS

Financial Services industry group

39.00%

Max
107.33%
Q3
55.90%
MS
39.00%
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%
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Morgan Stanley (MS) vs. Tradeweb Markets (TW): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Morgan Stanley (MS) and Tradeweb Markets (TW)
MetricMSTW
ROE (TTM)18.04%14.46%
ROA (TTM)1.35%12.57%
Net Margin (TTM)25.63%39.86%
Operating Margin (TTM)39.00%43.30%
Gross Margin (TTM)----

Growth

Revenue Growth

Both Morgan Stanley (MS) at 14.48% 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.

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Morgan Stanley (MS) 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 Morgan Stanley (MS) at 28.43% is closer to the peer norm — faster per-share earnings growth for TW.

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

Growth Metrics

Growth metrics for Morgan Stanley (MS) and Tradeweb Markets (TW)
MetricMSTW
Revenue Growth (YoY)14.48%18.92%
Revenue Growth (3Y CAGR)9.52%19.97%
EPS Growth (YoY)28.43%62.23%
EPS Growth (3Y CAGR)18.41%36.69%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Morgan Stanley (MS) 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: Morgan Stanley (MS) 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 Morgan Stanley (MS) and Tradeweb Markets (TW)
MetricMSTW
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Both Morgan Stanley (MS) at 2.40% and Tradeweb Markets (TW) at 0.42% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

MS

Financial Services industry group

2.40%

Max
9.77%
Q3
3.92%
MS
2.40%
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%
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Morgan Stanley (MS) vs. Tradeweb Markets (TW): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Morgan Stanley (MS) at 32.91% 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.

MS

Financial Services industry group

32.91%

Max
241.07%
Q3
97.36%
MS
32.91%
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%
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Morgan Stanley (MS) vs. Tradeweb Markets (TW): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for Morgan Stanley (MS) and Tradeweb Markets (TW)
MetricMSTW
Dividend Yield (TTM)2.40%0.42%
Dividend Payout Ratio (TTM)32.91%12.68%

Valuation

P/E Ratio (TTM)

Morgan Stanley (MS) at 14.39 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.

MS

Financial Services industry group

14.39

Max
45.85
Q3
24.64
Median
15.37
MS
14.39
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
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Morgan Stanley (MS) vs. Tradeweb Markets (TW): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Morgan Stanley (MS) at 3.55 prices around its industry’s typical P/S ratio, while Tradeweb Markets (TW) at 12.10 clears its benchmark range — TW looks notably rich on sales.

MS

Financial Services industry group

3.55

Max
9.23
Q3
4.57
MS
3.55
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
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Morgan Stanley (MS) vs. Tradeweb Markets (TW): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

Morgan Stanley (MS) at 2.65 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.

MS

Financial Services industry group

2.65

Max
7.79
Q3
3.63
MS
2.65
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
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Morgan Stanley (MS) vs. Tradeweb Markets (TW): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Morgan Stanley (MS) and Tradeweb Markets (TW)
MetricMSTW
P/E Ratio (TTM)14.3929.98
P/S Ratio (TTM)3.5512.10
P/B Ratio (MRQ)2.654.03
Free Cash Flow Yield (TTM)----