TW - Tradeweb Markets Inc.
NASDAQ
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Financial Services
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Capital Markets
New York,
United States
Type: Equity
TW price evolution
TW
| (in millions $) | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $1545.88 | $1707.47 | $1494.41 | $1397.4 |
| Short term investments | ||||
| Net receivables | $871.25 | $549.78 | $175.17 | $295.68 |
| Inventory | ||||
| Total current assets | $2528.19 | $2292.86 | $1691.85 | $1711.08 |
| Long term investments | ||||
| Property, plant & equipment | $55.52 | $58.77 | $55.56 | $56.25 |
| Goodwill & intangible assets | $4045.52 | $3951.65 | $3981.95 | $3935.24 |
| Total noncurrent assets | ||||
| Total investments | ||||
| Total assets | $7395.95 | $7059.54 | $6504.55 | $6490.5 |
| Current liabilities | ||||
| Accounts payable | $734.27 | $410.69 | $52.16 | $170.67 |
| Deferred revenue | $27.49 | $25.75 | $31.4 | $27.41 |
| Short long term debt | ||||
| Total current liabilities | $840.74 | $624.1 | $195.43 | $278.83 |
| Long term debt | ||||
| Total noncurrent liabilities | ||||
| Total debt | $24.7 | $49.08 | $22.04 | $23.29 |
| Total liabilities | $1319.92 | $1128.13 | $692.81 | $773.13 |
| Shareholders' equity | ||||
| Retained earnings | $745.24 | $640.38 | $570.15 | $495.48 |
| Other shareholder equity | -$7.52 | -$5.39 | -$10.84 | -$6.82 |
| Total shareholder equity | $5508.79 | $5373.76 | $5265.81 | $5182.46 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $1707.47 | $1258.23 | $973.05 | $792.28 |
| Short term investments | ||||
| Net receivables | $549.78 | $154.31 | $133.25 | $105.77 |
| Inventory | ||||
| Total current assets | $2292.86 | $1435.44 | $1122.51 | $909.61 |
| Long term investments | $21.1 | |||
| Property, plant & equipment | $58.77 | $62.35 | $51.56 | $63.25 |
| Goodwill & intangible assets | $3951.65 | $3994.91 | $4116.48 | $4044.86 |
| Total noncurrent assets | $4770.24 | |||
| Total investments | ||||
| Total assets | $7059.54 | $6260.13 | $5990.18 | $5679.85 |
| Current liabilities | ||||
| Accounts payable | $410.69 | $63.77 | $43.69 | $48.09 |
| Deferred revenue | $25.75 | $22.83 | $24.93 | $23.19 |
| Short long term debt | ||||
| Total current liabilities | $624.1 | $244.01 | $222.85 | $202.47 |
| Long term debt | ||||
| Total noncurrent liabilities | $458.22 | |||
| Total debt | $49.08 | $27.94 | $24.33 | $34.46 |
| Total liabilities | $1128.13 | $1306.34 | $681.24 | $660.69 |
| Shareholders' equity | ||||
| Retained earnings | $640.38 | $386.63 | $242.62 | $156.04 |
| Other shareholder equity | -$5.39 | -$10.11 | $1.6 | $4.31 |
| Total shareholder equity | $5373.76 | $4953.79 | $4645.6 | $4303.45 |
| (in millions $) | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $408.74 | $370 | $328.36 | $310.61 |
| Cost of revenue | $143.09 | $125.87 | $116.02 | $103.92 |
| Gross Profit | $265.65 | $244.13 | $212.34 | $206.69 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $36.84 | $44.95 | $30.57 | $33.8 |
| Total operating expenses | $97.97 | $102.5 | $87.6 | $90.35 |
| Operating income | $167.68 | $141.63 | $124.74 | $116.33 |
| Income from continuing operations | ||||
| EBIT | $171.5 | $106.59 | $109.81 | $103.02 |
| Income tax expense | $43.64 | $37.56 | $28.67 | $29.05 |
| Interest expense | $1.72 | -$20.29 | -$17.46 | -$15.11 |
| Net income | ||||
| Net income | $126.14 | $89.31 | $98.61 | $89.08 |
| Income (for common shares) | $126.14 | $89.31 | $98.61 | $89.08 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Jan 2022 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $1338.22 | $1188.78 | $892.66 | |
| Cost of revenue | $460.31 | $432.42 | $349.66 | |
| Gross Profit | $877.91 | $756.36 | $543 | |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $144.93 | $127.14 | $96.98 | |
| Total operating expenses | $372.64 | $343.79 | $279.65 | |
| Operating income | $505.27 | $412.57 | $263.36 | |
| Income from continuing operations | ||||
| EBIT | $427.99 | $374.95 | $222.69 | |
| Income tax expense | $128.48 | $77.52 | $56.07 | |
| Interest expense | -$65.35 | -$11.91 | $0.32 | |
| Net income | ||||
| Net income | $364.87 | $309.34 | $166.3 | |
| Income (for common shares) | $364.87 | $309.34 | $166.3 | |
| (in millions $) | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 |
|---|---|---|---|---|
| Net income | $126.14 | $89.31 | $98.61 | $89.08 |
| Operating activities | ||||
| Depreciation | $49.34 | $47.5 | $46.56 | $45.89 |
| Business acquisitions & disposals | -$89.22 | -$0.06 | -$69.65 | |
| Stock-based compensation | $16.4 | $20.46 | $17.35 | $15.71 |
| Total cash flows from operations | $37.91 | $244.76 | $217.39 | $213.1 |
| Investing activities | ||||
| Capital expenditures | -$17.27 | -$12.19 | -$17.9 | -$14.96 |
| Investments | -$0.5 | $1.1 | ||
| Total cash flows from investing | -$106.99 | -$12.26 | -$86.45 | -$17.35 |
| Financing activities | ||||
| Dividends paid | -$21.29 | -$19.08 | -$19.05 | -$19.05 |
| Sale and purchase of stock | $2.81 | $4.91 | -$2.41 | -$6.05 |
| Net borrowings | ||||
| Total cash flows from financing | -$90.77 | -$24.02 | -$30.85 | -$32.84 |
| Effect of exchange rate | -$1.74 | $4.58 | -$3.08 | $0.81 |
| Change in cash and equivalents | -$161.59 | $213.06 | $97.01 | $163.73 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $364.87 | $309.34 | $226.83 | $166.3 |
| Operating activities | ||||
| Depreciation | $185.35 | $178.88 | $171.31 | $153.79 |
| Business acquisitions & disposals | -$69.71 | -$207.76 | ||
| Stock-based compensation | $65.13 | $66.64 | $50.04 | $40.15 |
| Total cash flows from operations | $746.09 | $632.82 | $578.02 | $443.23 |
| Investing activities | ||||
| Capital expenditures | -$61.76 | -$60.1 | -$51.35 | -$42.54 |
| Investments | -$1.29 | -$20 | ||
| Total cash flows from investing | -$132.76 | -$60.1 | -$259.11 | -$62.54 |
| Financing activities | ||||
| Dividends paid | -$75.91 | -$66.01 | -$64.57 | -$58.09 |
| Sale and purchase of stock | -$19.97 | -$89.13 | $17.43 | $724.59 |
| Net borrowings | ||||
| Total cash flows from financing | -$168.17 | -$276.7 | -$136.1 | -$52.69 |
| Effect of exchange rate | $4.09 | -$10.84 | -$2.04 | $2.56 |
| Change in cash and equivalents | $449.24 | $285.18 | $180.77 | $330.57 |
News
Fundamentals
| Market cap | $26.08B |
|---|---|
| Enterprise value | $24.56B |
| Shares outstanding | 236.18M |
| Revenue | $1.42B |
|---|---|
| EBITDA | $680.20M |
| EBIT | $490.92M |
| Net Income | $403.15M |
| Revenue Q/Q | 24.14% |
| Revenue Y/Y | 17.50% |
| P/E ratio | 64.68 |
|---|---|
| EV/Sales | 17.32 |
| EV/EBITDA | 36.10 |
| EV/EBIT | 50.02 |
| P/S ratio | 18.39 |
| P/B ratio | 4.73 |
| Book/Share | 23.36 |
| Cash/Share | 6.55 |
| EPS | $1.71 |
|---|---|
| ROA | 5.87% |
| ROE | 7.56% |
| Debt/Equity | 0.21 |
|---|---|
| Net debt/EBITDA | -0.33 |
| Current ratio | 3.01 |
| Quick ratio | 3.01 |