Seek Returns

SPGI vs. TW: S&P Global vs. Tradeweb Markets Stock Comparison

How do S&P Global (SPGI) 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

S&P Global (SPGI) 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 S&P Global (SPGI) and Tradeweb Markets (TW)
Profile ItemSPGITW
NameS&P Global 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 Capitalization135.62 billion USD27.59 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateFebruary 21, 1973April 4, 2019
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

SPGI
TW
GSPC
Loading price history…
S&P Global (SPGI) 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 S&P Global (SPGI) and Tradeweb Markets (TW). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for S&P Global (SPGI) and Tradeweb Markets (TW). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for S&P Global (SPGI) and Tradeweb Markets (TW)
MetricSPGITW
Total Return (1Y)1.66%17.01%
Total Return (3Y, Annualized)9.75%11.65%
Total Return (5Y, Annualized)2.47%6.31%

Risk Profile

Drawdown History

SPGI
TW
GSPC
Loading price history…
S&P Global (SPGI) 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 S&P Global (SPGI) and Tradeweb Markets (TW). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for S&P Global (SPGI) and Tradeweb Markets (TW)
MetricSPGITW
Volatility (1Y, Annualized)31.02%30.82%
Beta (5Y)1.020.54
Max Drawdown (5Y)-39.76%-48.64%
Avg. Volume (3M)1.86M1.37M

Risk-Adjusted Performance

Risk-Return Positioning

Loading chart…
SPGI 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 S&P Global (SPGI) and Tradeweb Markets (TW)
MetricSPGITW
Sharpe Ratio (1Y)-0.080.41
Sortino Ratio (1Y)-0.110.60

Profitability

ROE (TTM)

Both S&P Global (SPGI) at 17.88% 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.

SPGI

Financial Services industry group

17.88%

Max
44.78%
Q3
21.85%
SPGI
17.88%
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…
S&P Global (SPGI) vs. Tradeweb Markets (TW): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both S&P Global (SPGI) at 30.60% 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.

SPGI

Financial Services industry group

30.60%

Max
62.84%
SPGI
30.60%
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%
Loading chart…
S&P Global (SPGI) vs. Tradeweb Markets (TW): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Both S&P Global (SPGI) at 48.21% and Tradeweb Markets (TW) at 43.30% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

SPGI

Financial Services industry group

48.21%

Max
107.33%
Q3
55.90%
SPGI
48.21%
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…
S&P Global (SPGI) vs. Tradeweb Markets (TW): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for S&P Global (SPGI) and Tradeweb Markets (TW)
MetricSPGITW
ROE (TTM)17.88%14.46%
ROA (TTM)8.33%12.57%
Net Margin (TTM)30.60%39.86%
Operating Margin (TTM)48.21%43.30%
Gross Margin (TTM)----

Growth

Revenue Growth

Both S&P Global (SPGI) at 7.94% 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.

Loading chart…
S&P Global (SPGI) 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 S&P Global (SPGI) at 18.70% is closer to the peer norm — faster per-share earnings growth for TW.

Loading chart…
S&P Global (SPGI) vs. Tradeweb Markets (TW): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for S&P Global (SPGI) and Tradeweb Markets (TW)
MetricSPGITW
Revenue Growth (YoY)7.94%18.92%
Revenue Growth (3Y CAGR)11.11%19.97%
EPS Growth (YoY)18.70%62.23%
EPS Growth (3Y CAGR)12.85%36.69%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: S&P Global (SPGI) 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: S&P Global (SPGI) 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 S&P Global (SPGI) and Tradeweb Markets (TW)
MetricSPGITW
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Both S&P Global (SPGI) at 0.82% and Tradeweb Markets (TW) at 0.42% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.

SPGI

Financial Services industry group

0.82%

Max
9.77%
Q3
3.92%
Median
1.09%
SPGI
0.82%
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…
S&P Global (SPGI) vs. Tradeweb Markets (TW): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Both S&P Global (SPGI) at 22.06% 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.

SPGI

Financial Services industry group

22.06%

Max
241.07%
Q3
97.36%
Median
25.77%
SPGI
22.06%
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…
S&P Global (SPGI) vs. Tradeweb Markets (TW): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for S&P Global (SPGI) and Tradeweb Markets (TW)
MetricSPGITW
Dividend Yield (TTM)0.82%0.42%
Dividend Payout Ratio (TTM)22.06%12.68%

Valuation

P/E Ratio (TTM)

Both S&P Global (SPGI) at 27.95 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.

SPGI

Financial Services industry group

27.95

Max
45.85
SPGI
27.95
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
Loading chart…
S&P Global (SPGI) vs. Tradeweb Markets (TW): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: S&P Global (SPGI) at 8.32 sits in the upper P/S ratio quartile, and Tradeweb Markets (TW) at 12.10 prices even higher, above its industry range.

SPGI

Financial Services industry group

8.32

Max
9.23
SPGI
8.32
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
Loading chart…
S&P Global (SPGI) vs. Tradeweb Markets (TW): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

Both S&P Global (SPGI) at 6.88 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.

SPGI

Financial Services industry group

6.88

Max
7.79
SPGI
6.88
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
Loading chart…
S&P Global (SPGI) vs. Tradeweb Markets (TW): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for S&P Global (SPGI) and Tradeweb Markets (TW)
MetricSPGITW
P/E Ratio (TTM)27.9529.98
P/S Ratio (TTM)8.3212.10
P/B Ratio (MRQ)6.884.03
Free Cash Flow Yield (TTM)----