STT vs. TW: State Street vs. Tradeweb Markets Stock Comparison
How do State Street (STT) 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
State Street (STT) and Tradeweb Markets (TW) both belong to the Capital Markets industry, though STT is classified under Asset Management & Custody Banks while TW falls under Financial Exchanges & Data.
| Profile Item | STT | TW |
|---|---|---|
| Name | State Street Corporation 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 | Capital Markets | Capital Markets |
| GICS Sub-Industry | Asset Management & Custody Banks | Financial Exchanges & Data |
| Market Capitalization | 45.05 billion USD | 27.59 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | Nasdaq |
| Listing Date | March 17, 1980 | April 4, 2019 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | STT | TW |
|---|---|---|
| Total Return (1Y) | 49.16% | 17.01% |
| Total Return (3Y, Annualized) | 41.54% | 11.65% |
| Total Return (5Y, Annualized) | 16.00% | 6.31% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
State Street (STT) has an aggressive beta of 1.36, indicating higher sensitivity to broad-market moves, while Tradeweb Markets (TW) is defensive at 0.54 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.
| Metric | STT | TW |
|---|---|---|
| Volatility (1Y, Annualized) | 25.01% | 30.82% |
| Beta (5Y) | 1.36 | 0.54 |
| Max Drawdown (5Y) | -41.45% | -48.64% |
| Avg. Volume (3M) | 1.85M | 1.37M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | STT | TW |
|---|---|---|
| Sharpe Ratio (1Y) | 1.79 | 0.41 |
| Sortino Ratio (1Y) | 2.61 | 0.60 |
Profitability
ROE (TTM)
Both State Street (STT) at 13.08% 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.
STT
Financial Services industry group
13.08%
- Max
- 44.78%
- Q3
- 21.85%
- STT
- 13.08%
- 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%
Net Margin (TTM)
Tradeweb Markets (TW) at 39.86% retains a top-quartile share of revenue as profit, ahead of State Street (STT) at 23.78%, which keeps about the industry-typical share.
STT
Financial Services industry group
23.78%
- Max
- 62.84%
- Q3
- 28.05%
- STT
- 23.78%
- 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%
Operating Margin (TTM)
Both State Street (STT) at 34.63% and Tradeweb Markets (TW) at 43.30% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
STT
Financial Services industry group
34.63%
- Max
- 107.33%
- Q3
- 55.90%
- STT
- 34.63%
- 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 | STT | TW |
|---|---|---|
| ROE (TTM) | 13.08% | 14.46% |
| ROA (TTM) | 0.95% | 12.57% |
| Net Margin (TTM) | 23.78% | 39.86% |
| Operating Margin (TTM) | 34.63% | 43.30% |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both State Street (STT) at 8.10% 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.
EPS Growth
Tradeweb Markets (TW) at 62.23% sits in the top EPS growth quartile, while State Street (STT) at 14.49% is closer to the peer norm — faster per-share earnings growth for TW.
Growth Metrics
| Metric | STT | TW |
|---|---|---|
| Revenue Growth (YoY) | 8.10% | 18.92% |
| Revenue Growth (3Y CAGR) | 4.82% | 19.97% |
| EPS Growth (YoY) | 14.49% | 62.23% |
| EPS Growth (3Y CAGR) | 9.35% | 36.69% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: State Street (STT) 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: State Street (STT) 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 | STT | TW |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both State Street (STT) at 2.08% and Tradeweb Markets (TW) at 0.42% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
STT
Financial Services industry group
2.08%
- Max
- 9.77%
- Q3
- 3.92%
- STT
- 2.08%
- 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%
Dividend Payout Ratio (TTM)
Both State Street (STT) at 28.10% 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.
STT
Financial Services industry group
28.10%
- Max
- 241.07%
- Q3
- 97.36%
- STT
- 28.10%
- 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%
Dividend Metrics
| Metric | STT | TW |
|---|---|---|
| Dividend Yield (TTM) | 2.08% | 0.42% |
| Dividend Payout Ratio (TTM) | 28.10% | 12.68% |
Valuation
P/E Ratio (TTM)
State Street (STT) at 13.53 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.
STT
Financial Services industry group
13.53
- Max
- 45.85
- Q3
- 24.64
- Median
- 15.37
- STT
- 13.53
- 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
P/S Ratio (TTM)
State Street (STT) at 2.91 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.
STT
Financial Services industry group
2.91
- Max
- 9.23
- Q3
- 4.57
- STT
- 2.91
- 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)
State Street (STT) at 1.83 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.
STT
Financial Services industry group
1.83
- Max
- 7.79
- Q3
- 3.63
- STT
- 1.83
- 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 | STT | TW |
|---|---|---|
| P/E Ratio (TTM) | 13.53 | 29.98 |
| P/S Ratio (TTM) | 2.91 | 12.10 |
| P/B Ratio (MRQ) | 1.83 | 4.03 |
| Free Cash Flow Yield (TTM) | -- | -- |