Seek Returns

NTRS vs. TW: Northern Trust vs. Tradeweb Markets Stock Comparison

How do Northern Trust (NTRS) 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

Northern Trust (NTRS) and Tradeweb Markets (TW) both belong to the Capital Markets industry, though NTRS is classified under Asset Management & Custody Banks while TW falls under Financial Exchanges & Data.

Company profile comparison for Northern Trust (NTRS) and Tradeweb Markets (TW)
Profile ItemNTRSTW
NameNorthern Trust CorporationTradeweb Markets Inc. Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupFinancial ServicesFinancial Services
GICS IndustryCapital MarketsCapital Markets
GICS Sub-IndustryAsset Management & Custody BanksFinancial Exchanges & Data
Market Capitalization31.29 billion USD27.59 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateMarch 17, 1980April 4, 2019
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

NTRS
TW
GSPC
Loading price history…
Northern Trust (NTRS) 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

Loading price history…
Trailing total returns for Northern Trust (NTRS) and Tradeweb Markets (TW). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for Northern Trust (NTRS) and Tradeweb Markets (TW). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Northern Trust (NTRS) and Tradeweb Markets (TW)
MetricNTRSTW
Total Return (1Y)39.45%17.01%
Total Return (3Y, Annualized)40.68%11.65%
Total Return (5Y, Annualized)11.05%6.31%

Risk Profile

Drawdown History

NTRS
TW
GSPC
Loading price history…
Northern Trust (NTRS) 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

Loading price history…
Distribution of monthly total returns for Northern Trust (NTRS) and Tradeweb Markets (TW). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Northern Trust (NTRS) and Tradeweb Markets (TW)
MetricNTRSTW
Volatility (1Y, Annualized)24.90%30.82%
Beta (5Y)1.180.54
Max Drawdown (5Y)-50.03%-48.64%
Avg. Volume (3M)1.11M1.37M

Risk-Adjusted Performance

Risk-Return Positioning

Loading chart…
NTRS 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 Northern Trust (NTRS) and Tradeweb Markets (TW)
MetricNTRSTW
Sharpe Ratio (1Y)1.410.41
Sortino Ratio (1Y)2.170.60

Profitability

ROE (TTM)

Both Northern Trust (NTRS) at 18.44% 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.

NTRS

Financial Services industry group

18.44%

Max
44.78%
Q3
21.85%
NTRS
18.44%
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%
Loading chart…
Northern Trust (NTRS) 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 Northern Trust (NTRS) at 26.00%, which keeps about the industry-typical share.

NTRS

Financial Services industry group

26.00%

Max
62.84%
Q3
28.05%
NTRS
26.00%
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%
Loading chart…
Northern Trust (NTRS) vs. Tradeweb Markets (TW): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Both Northern Trust (NTRS) at 34.80% and Tradeweb Markets (TW) at 43.30% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

NTRS

Financial Services industry group

34.80%

Max
107.33%
Q3
55.90%
NTRS
34.80%
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%
Loading chart…
Northern Trust (NTRS) vs. Tradeweb Markets (TW): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Northern Trust (NTRS) and Tradeweb Markets (TW)
MetricNTRSTW
ROE (TTM)18.44%14.46%
ROA (TTM)1.44%12.57%
Net Margin (TTM)26.00%39.86%
Operating Margin (TTM)34.80%43.30%
Gross Margin (TTM)----

Growth

Revenue Growth

Tradeweb Markets (TW) at 18.92% is around its peer norm for revenue growth, while Northern Trust (NTRS) at -2.46% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Loading chart…
Northern Trust (NTRS) 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 Northern Trust (NTRS) at -10.54% is closer to the peer norm — faster per-share earnings growth for TW.

Loading chart…
Northern Trust (NTRS) vs. Tradeweb Markets (TW): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Northern Trust (NTRS) and Tradeweb Markets (TW)
MetricNTRSTW
Revenue Growth (YoY)-2.46%18.92%
Revenue Growth (3Y CAGR)6.15%19.97%
EPS Growth (YoY)-10.54%62.23%
EPS Growth (3Y CAGR)12.49%36.69%

Financial Strength

Current Ratio (MRQ)

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

Dividends

Dividend Yield (TTM)

Both Northern Trust (NTRS) at 1.91% and Tradeweb Markets (TW) at 0.42% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

NTRS

Financial Services industry group

1.91%

Max
9.77%
Q3
3.92%
NTRS
1.91%
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%
Loading chart…
Northern Trust (NTRS) vs. Tradeweb Markets (TW): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both Northern Trust (NTRS) at 25.73% 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.

NTRS

Financial Services industry group

25.73%

Max
241.07%
Q3
97.36%
Median
25.77%
NTRS
25.73%
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%
Loading chart…
Northern Trust (NTRS) vs. Tradeweb Markets (TW): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for Northern Trust (NTRS) and Tradeweb Markets (TW)
MetricNTRSTW
Dividend Yield (TTM)1.91%0.42%
Dividend Payout Ratio (TTM)25.73%12.68%

Valuation

P/E Ratio (TTM)

Northern Trust (NTRS) at 13.55 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.

NTRS

Financial Services industry group

13.55

Max
45.85
Q3
24.64
Median
15.37
NTRS
13.55
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
Loading chart…
Northern Trust (NTRS) vs. Tradeweb Markets (TW): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Northern Trust (NTRS) at 3.35 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.

NTRS

Financial Services industry group

3.35

Max
9.23
Q3
4.57
NTRS
3.35
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
Loading chart…
Northern Trust (NTRS) vs. Tradeweb Markets (TW): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

Northern Trust (NTRS) at 2.51 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.

NTRS

Financial Services industry group

2.51

Max
7.79
Q3
3.63
NTRS
2.51
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
Loading chart…
Northern Trust (NTRS) vs. Tradeweb Markets (TW): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Northern Trust (NTRS) and Tradeweb Markets (TW)
MetricNTRSTW
P/E Ratio (TTM)13.5529.98
P/S Ratio (TTM)3.3512.10
P/B Ratio (MRQ)2.514.03
Free Cash Flow Yield (TTM)----