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

How do MSCI (MSCI) 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

MSCI (MSCI) 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 MSCI (MSCI) and Tradeweb Markets (TW)
Profile ItemMSCITW
NameMSCI Inc.Tradeweb Markets Inc. Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupFinancial ServicesFinancial Services
GICS IndustryCapital MarketsCapital Markets
GICS Sub-IndustryFinancial Exchanges & DataFinancial Exchanges & Data
Market Capitalization46.60 billion USD27.59 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateNovember 15, 2007April 4, 2019
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

MSCI
TW
GSPC
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MSCI (MSCI) 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 MSCI (MSCI) and Tradeweb Markets (TW). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for MSCI (MSCI) and Tradeweb Markets (TW)
MetricMSCITW
Total Return (1Y)12.76%17.01%
Total Return (3Y, Annualized)9.86%11.65%
Total Return (5Y, Annualized)1.00%6.31%

Risk Profile

Drawdown History

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

Risk Metrics

Risk profile metrics for MSCI (MSCI) and Tradeweb Markets (TW)
MetricMSCITW
Volatility (1Y, Annualized)29.82%30.82%
Beta (5Y)1.170.54
Max Drawdown (5Y)-43.74%-48.64%
Avg. Volume (3M)590.34K1.37M

Risk-Adjusted Performance

Risk-Return Positioning

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MSCI 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 MSCI (MSCI) and Tradeweb Markets (TW)
MetricMSCITW
Sharpe Ratio (1Y)0.280.41
Sortino Ratio (1Y)0.400.60

Profitability

ROE (TTM)

Capital efficiency shows on one side only: Tradeweb Markets (TW) earns 14.46% on shareholders’ equity, ranked against its industry; MSCI (MSCI) has no ROE this period.

MSCI

Financial Services industry group

--

Max
44.78%
Q3
21.85%
Median
12.91%
Q1
4.48%
Min
-18.71%
MSCI
--

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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MSCI (MSCI) vs. Tradeweb Markets (TW): MSCI does not report ROE, so it has no value marker; TW is benchmarked against the Financial Services industry group.

Net Margin (TTM)

For every dollar of sales, both MSCI (MSCI) at 40.31% and Tradeweb Markets (TW) at 39.86% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

MSCI

Financial Services industry group

40.31%

Max
62.84%
MSCI
40.31%
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%
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MSCI (MSCI) vs. Tradeweb Markets (TW): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

MSCI (MSCI) at 56.41% operates in the top operating margin quartile, ahead of Tradeweb Markets (TW) at 43.30%, which runs around its industry’s norm.

MSCI

Financial Services industry group

56.41%

Max
107.33%
MSCI
56.41%
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%
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MSCI (MSCI) vs. Tradeweb Markets (TW): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for MSCI (MSCI) and Tradeweb Markets (TW)
MetricMSCITW
ROE (TTM)--14.46%
ROA (TTM)21.75%12.57%
Net Margin (TTM)40.31%39.86%
Operating Margin (TTM)56.41%43.30%
Gross Margin (TTM)----

Growth

Revenue Growth

Both MSCI (MSCI) at 9.75% 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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MSCI (MSCI) 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 MSCI (MSCI) at 11.67% is closer to the peer norm — faster per-share earnings growth for TW.

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

Growth Metrics

Growth metrics for MSCI (MSCI) and Tradeweb Markets (TW)
MetricMSCITW
Revenue Growth (YoY)9.75%18.92%
Revenue Growth (3Y CAGR)11.71%19.97%
EPS Growth (YoY)11.67%62.23%
EPS Growth (3Y CAGR)13.54%36.69%

Financial Strength

Current Ratio (MRQ)

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

Dividends

Dividend Yield (TTM)

Both MSCI (MSCI) at 1.21% and Tradeweb Markets (TW) at 0.42% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

MSCI

Financial Services industry group

1.21%

Max
9.77%
Q3
3.92%
MSCI
1.21%
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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MSCI (MSCI) vs. Tradeweb Markets (TW): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both MSCI (MSCI) at 42.04% 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.

MSCI

Financial Services industry group

42.04%

Max
241.07%
Q3
97.36%
MSCI
42.04%
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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MSCI (MSCI) vs. Tradeweb Markets (TW): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for MSCI (MSCI) and Tradeweb Markets (TW)
MetricMSCITW
Dividend Yield (TTM)1.21%0.42%
Dividend Payout Ratio (TTM)42.04%12.68%

Valuation

P/E Ratio (TTM)

Both MSCI (MSCI) at 33.90 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.

MSCI

Financial Services industry group

33.90

Max
45.85
MSCI
33.90
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
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MSCI (MSCI) 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 MSCI (MSCI) at 13.58 and Tradeweb Markets (TW) at 12.10 — each P/S ratio clears its industry’s benchmark range.

MSCI

Financial Services industry group

13.58

MSCI
13.58
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
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MSCI (MSCI) vs. Tradeweb Markets (TW): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

MSCI (MSCI) reports a negative P/B ratio of -15.24, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Tradeweb Markets (TW) reports 4.03, ranking against industry peers normally.

MSCI

Financial Services industry group

-15.24

Max
7.79
Q3
3.63
Median
1.57
Q1
0.81
Min
-0.39
MSCI
-15.24

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

Valuation Metrics

Valuation metrics for MSCI (MSCI) and Tradeweb Markets (TW)
MetricMSCITW
P/E Ratio (TTM)33.9029.98
P/S Ratio (TTM)13.5812.10
P/B Ratio (MRQ)-15.244.03
Free Cash Flow Yield (TTM)----