RKT vs. TW: Rocket vs. Tradeweb Markets Stock Comparison
How do Rocket (RKT) 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
Rocket (RKT) and Tradeweb Markets (TW) both fall under the Financial Services industry group, but RKT is classified in Financial Services while TW is classified in Capital Markets.
| Profile Item | RKT | TW |
|---|---|---|
| Name | Rocket Companies Inc. Class A Common Stock | 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 | Commercial & Residential Mortgage Finance | Financial Exchanges & Data |
| Market Capitalization | 42.74 billion USD | 27.59 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | Nasdaq |
| Listing Date | August 6, 2020 | April 4, 2019 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | RKT | TW |
|---|---|---|
| Total Return (1Y) | -7.27% | 17.01% |
| Total Return (3Y, Annualized) | 26.30% | 11.65% |
| Total Return (5Y, Annualized) | 0.22% | 6.31% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Rocket (RKT) has a highly aggressive beta of 2.19, indicating much higher sensitivity to broad-market moves, while Tradeweb Markets (TW) is defensive at 0.54 and tends to be less market-sensitive — a wide gap in beta profiles.
| Metric | RKT | TW |
|---|---|---|
| Volatility (1Y, Annualized) | 58.88% | 30.82% |
| Beta (5Y) | 2.19 | 0.54 |
| Max Drawdown (5Y) | -59.90% | -48.64% |
| Avg. Volume (3M) | 34.27M | 1.37M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | RKT | TW |
|---|---|---|
| Sharpe Ratio (1Y) | -0.20 | 0.41 |
| Sortino Ratio (1Y) | -0.29 | 0.60 |
Profitability
ROE (TTM)
Both Rocket (RKT) at 7.86% 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.
RKT
Financial Services industry group
7.86%
- Max
- 44.78%
- Q3
- 21.85%
- Median
- 12.91%
- RKT
- 7.86%
- 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 Rocket (RKT) at 11.02%, which keeps about the industry-typical share.
RKT
Financial Services industry group
11.02%
- Max
- 62.84%
- Q3
- 28.05%
- Median
- 15.36%
- RKT
- 11.02%
- 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 Rocket (RKT) at 43.54% and Tradeweb Markets (TW) at 43.30% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
RKT
Financial Services industry group
43.54%
- Max
- 107.33%
- Q3
- 55.90%
- RKT
- 43.54%
- 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 | RKT | TW |
|---|---|---|
| ROE (TTM) | 7.86% | 14.46% |
| ROA (TTM) | 4.45% | 12.57% |
| Net Margin (TTM) | 11.02% | 39.86% |
| Operating Margin (TTM) | 43.54% | 43.30% |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Rocket (RKT) at 26.87% sits in the top revenue growth quartile, while Tradeweb Markets (TW) at 18.92% is closer to the peer norm — faster top-line expansion for RKT.
EPS Growth
Tradeweb Markets (TW) at 62.23% sits in the top EPS growth quartile, while Rocket (RKT) at -123.81% is in the bottom quartile, showing a clear gap in earnings momentum.
Growth Metrics
| Metric | RKT | TW |
|---|---|---|
| Revenue Growth (YoY) | 26.87% | 18.92% |
| Revenue Growth (3Y CAGR) | 3.25% | 19.97% |
| EPS Growth (YoY) | -123.81% | 62.23% |
| EPS Growth (3Y CAGR) | -- | 36.69% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Rocket (RKT) 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: Rocket (RKT) 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 | RKT | TW |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Rocket (RKT) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Tradeweb Markets (TW) reports a yield of 0.42%, ranking against industry peers normally.
RKT
Financial Services industry group
0.00%
- Max
- 9.77%
- Q3
- 3.92%
- Median
- 1.09%
- RKT
- 0.00%
- 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)
Rocket (RKT) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Tradeweb Markets (TW) reports a payout of 12.68%, ranking against industry peers normally.
RKT
Financial Services industry group
0.00%
- Max
- 241.07%
- Q3
- 97.36%
- Median
- 25.77%
- RKT
- 0.00%
- 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 | RKT | TW |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.42% |
| Dividend Payout Ratio (TTM) | 0.00% | 12.68% |
Valuation
P/E Ratio (TTM)
An earnings multiple is available for just one side: Tradeweb Markets (TW) trades at 29.98 times trailing earnings, ranked against its peers, while Rocket (RKT) has no P/E ratio this period.
RKT
Financial Services industry group
--
- Max
- 45.85
- Q3
- 24.64
- Median
- 15.37
- Q1
- 9.68
- Min
- 0.16
- RKT
- --
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)
Rocket (RKT) at 3.61 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.
RKT
Financial Services industry group
3.61
- Max
- 9.23
- Q3
- 4.57
- RKT
- 3.61
- 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)
Rocket (RKT) at 1.76 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.
RKT
Financial Services industry group
1.76
- Max
- 7.79
- Q3
- 3.63
- RKT
- 1.76
- 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 | RKT | TW |
|---|---|---|
| P/E Ratio (TTM) | -- | 29.98 |
| P/S Ratio (TTM) | 3.61 | 12.10 |
| P/B Ratio (MRQ) | 1.76 | 4.03 |
| Free Cash Flow Yield (TTM) | -- | -- |