TW vs. VIRT: Tradeweb Markets vs. Virtu Financial Stock Comparison
How do Tradeweb Markets (TW) and Virtu Financial (VIRT) 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
Tradeweb Markets (TW) and Virtu Financial (VIRT) both belong to the Capital Markets industry, though TW is classified under Financial Exchanges & Data while VIRT falls under Investment Banking & Brokerage.
| Profile Item | TW | VIRT |
|---|---|---|
| Name | Tradeweb Markets Inc. Class A Common Stock | Virtu Financial 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 | Financial Exchanges & Data | Investment Banking & Brokerage |
| Market Capitalization | 27.59 billion USD | 11.67 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | April 4, 2019 | April 16, 2015 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | TW | VIRT |
|---|---|---|
| Total Return (1Y) | 17.01% | 57.98% |
| Total Return (3Y, Annualized) | 11.65% | 51.24% |
| Total Return (5Y, Annualized) | 6.31% | 19.25% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | TW | VIRT |
|---|---|---|
| Volatility (1Y, Annualized) | 30.82% | 37.43% |
| Beta (5Y) | 0.54 | 0.69 |
| Max Drawdown (5Y) | -48.64% | -54.52% |
| Avg. Volume (3M) | 1.37M | 1.26M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | TW | VIRT |
|---|---|---|
| Sharpe Ratio (1Y) | 0.41 | 1.43 |
| Sortino Ratio (1Y) | 0.60 | 2.27 |
Profitability
ROE (TTM)
Virtu Financial (VIRT) at 57.03% clears its industry range for ROE, a sharper capital-efficiency signal than Tradeweb Markets (TW) at 14.46%, which is closer to a typical peer reading.
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%
VIRT
Financial Services industry group
57.03%
- VIRT
- 57.03%
- Max
- 44.78%
- Q3
- 21.85%
- 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 Virtu Financial (VIRT) at 17.96%, which keeps about the industry-typical share.
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%
VIRT
Financial Services industry group
17.96%
- Max
- 62.84%
- Q3
- 28.05%
- VIRT
- 17.96%
- Median
- 15.36%
- Q1
- 4.82%
- Min
- -28.52%
Operating Margin (TTM)
Both Tradeweb Markets (TW) at 43.30% and Virtu Financial (VIRT) at 36.32% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
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%
VIRT
Financial Services industry group
36.32%
- Max
- 107.33%
- Q3
- 55.90%
- VIRT
- 36.32%
- Median
- 30.09%
- Q1
- 14.60%
- Min
- -44.34%
Profitability Metrics
| Metric | TW | VIRT |
|---|---|---|
| ROE (TTM) | 14.46% | 57.03% |
| ROA (TTM) | 12.57% | 5.01% |
| Net Margin (TTM) | 39.86% | 17.96% |
| Operating Margin (TTM) | 43.30% | 36.32% |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both Tradeweb Markets (TW) at 18.92% and Virtu Financial (VIRT) at 26.25% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Both Tradeweb Markets (TW) at 62.23% and Virtu Financial (VIRT) at 72.73% sit in the top peer quartile for EPS growth, so each is compounding per-share earnings faster than typical industry peers.
Growth Metrics
| Metric | TW | VIRT |
|---|---|---|
| Revenue Growth (YoY) | 18.92% | 26.25% |
| Revenue Growth (3Y CAGR) | 19.97% | 15.38% |
| EPS Growth (YoY) | 62.23% | 72.73% |
| EPS Growth (3Y CAGR) | 36.69% | 28.11% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Tradeweb Markets (TW) in Financial Services and Virtu Financial (VIRT) 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: Tradeweb Markets (TW) in Financial Services and Virtu Financial (VIRT) 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 | TW | VIRT |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Tradeweb Markets (TW) at 0.42% and Virtu Financial (VIRT) at 1.78% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
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%
VIRT
Financial Services industry group
1.78%
- Max
- 9.77%
- Q3
- 3.92%
- VIRT
- 1.78%
- Median
- 1.09%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Tradeweb Markets (TW) at 12.68% and Virtu Financial (VIRT) at 15.95% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
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%
VIRT
Financial Services industry group
15.95%
- Max
- 241.07%
- Q3
- 97.36%
- Median
- 25.77%
- VIRT
- 15.95%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | TW | VIRT |
|---|---|---|
| Dividend Yield (TTM) | 0.42% | 1.78% |
| Dividend Payout Ratio (TTM) | 12.68% | 15.95% |
Valuation
P/E Ratio (TTM)
Virtu Financial (VIRT) at 7.92 sits in the cheaper P/E ratio quartile, while Tradeweb Markets (TW) at 29.98 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.
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
VIRT
Financial Services industry group
7.92
- Max
- 45.85
- Q3
- 24.64
- Median
- 15.37
- Q1
- 9.68
- VIRT
- 7.92
- Min
- 0.16
P/S Ratio (TTM)
Virtu Financial (VIRT) 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.
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
VIRT
Financial Services industry group
3.35
- Max
- 9.23
- Q3
- 4.57
- VIRT
- 3.35
- Median
- 2.72
- Q1
- 1.28
- Min
- -0.55
P/B Ratio (MRQ)
Virtu Financial (VIRT) at 1.92 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.
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
VIRT
Financial Services industry group
1.92
- Max
- 7.79
- Q3
- 3.63
- VIRT
- 1.92
- Median
- 1.57
- Q1
- 0.81
- Min
- -0.39
Valuation Metrics
| Metric | TW | VIRT |
|---|---|---|
| P/E Ratio (TTM) | 29.98 | 7.92 |
| P/S Ratio (TTM) | 12.10 | 3.35 |
| P/B Ratio (MRQ) | 4.03 | 1.92 |
| Free Cash Flow Yield (TTM) | -- | -- |