Tradeweb Markets Inc (TW) - Net Assets
Based on the latest financial reports, Tradeweb Markets Inc (TW) has net assets worth $7.19 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.19 Billion) and total liabilities ($1.00 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore TW asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $7.19 Billion |
| % of Total Assets | 87.79% |
| Annual Growth Rate | 21.9% |
| 5-Year Change | 35.42% |
| 10-Year Change | 593.0% |
| Growth Volatility | 85.86 |
Tradeweb Markets Inc - Net Assets Trend (1999–2025)
This chart illustrates how Tradeweb Markets Inc's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Tradeweb Markets Inc to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Tradeweb Markets Inc (1999–2025)
The table below shows the annual net assets of Tradeweb Markets Inc from 1999 to 2025. For live valuation and market cap data, see TW stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $7.19 Billion | +12.35% |
| 2024-12-31 | $6.40 Billion | +7.88% |
| 2023-12-31 | $5.93 Billion | +6.94% |
| 2022-12-31 | $5.55 Billion | +4.47% |
| 2021-12-31 | $5.31 Billion | +5.77% |
| 2020-12-31 | $5.02 Billion | +9.28% |
| 2019-12-31 | $4.59 Billion | +0.14% |
| 2018-12-31 | $4.59 Billion | +358.76% |
| 2017-12-31 | $999.77 Million | -3.63% |
| 2016-12-31 | $1.04 Billion | -64.80% |
| 2014-12-31 | $2.95 Billion | -5.25% |
| 2013-12-31 | $3.11 Billion | +13.34% |
| 2012-12-31 | $2.74 Billion | +11.70% |
| 2011-12-31 | $2.46 Billion | -5.58% |
| 2010-12-31 | $2.60 Billion | +32.47% |
| 2009-12-31 | $1.96 Billion | +130.15% |
| 2008-12-31 | $853.64 Million | -13.28% |
| 2007-12-31 | $984.39 Million | +25.00% |
| 2006-12-31 | $787.52 Million | +21.39% |
| 2005-12-31 | $648.76 Million | +177.01% |
| 2004-12-31 | $234.20 Million | -4.48% |
| 2003-12-31 | $245.18 Million | +61.58% |
| 2002-12-31 | $151.74 Million | -4.70% |
| 2001-12-31 | $159.22 Million | +33.28% |
| 2000-12-31 | $119.47 Million | +186.42% |
| 1999-12-31 | $41.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tradeweb Markets Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 160104400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.60 Billion | 24.60% |
| Common Stock | $2.00K | 0.00% |
| Other Comprehensive Income | $10.90 Million | 0.17% |
| Other Components | $4.90 Billion | 75.23% |
| Total Equity | $6.51 Billion | 100.00% |
Tradeweb Markets Inc Competitors by Market Cap
The table below lists competitors of Tradeweb Markets Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NortonLifeLock Inc
F:SYM
|
$11.63 Billion |
|
DraftKings Inc
NASDAQ:DKNG
|
$11.64 Billion |
|
Rubrik, Inc.
NYSE:RBRK
|
$11.65 Billion |
|
WH GROU LTD SP.ADR /20
F:0WHS
|
$11.65 Billion |
|
Ambuja Cements Limited
NSE:AMBUJACEM
|
$11.61 Billion |
|
CENTRICA ADR NEW 2004/4
F:CENN
|
$11.61 Billion |
|
Turkiye Garanti Bankasi A.S.
IS:GARAN
|
$11.61 Billion |
|
Generac Holdings Inc
NYSE:GNRC
|
$11.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tradeweb Markets Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,800,192,000 to 6,507,755,000, a change of 707,563,000 (12.2%).
- Net income of 812,792,000 contributed positively to equity growth.
- Dividend payments of 102,344,000 reduced retained earnings.
- Share repurchases of 104,173,000 reduced equity.
- Other comprehensive income increased equity by 20,880,000.
- Other factors increased equity by 80,408,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $812.79 Million | +12.49% |
| Dividends Paid | $102.34 Million | -1.57% |
| Share Repurchases | $104.17 Million | -1.6% |
| Other Comprehensive Income | $20.88 Million | +0.32% |
| Other Changes | $80.41 Million | +1.24% |
| Total Change | $- | 12.20% |
Book Value vs Market Value Analysis
This analysis compares Tradeweb Markets Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.32x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 22.29x to 3.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | $4.51 | $100.50 | x |
| 2017-12-31 | $4.34 | $100.50 | x |
| 2018-12-31 | $37.06 | $100.50 | x |
| 2019-12-31 | $21.58 | $100.50 | x |
| 2020-12-31 | $22.86 | $100.50 | x |
| 2021-12-31 | $22.41 | $100.50 | x |
| 2022-12-31 | $23.77 | $100.50 | x |
| 2023-12-31 | $25.27 | $100.50 | x |
| 2024-12-31 | $26.99 | $100.50 | x |
| 2025-12-31 | $30.28 | $100.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tradeweb Markets Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 39.60%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.26x
- Recent ROE (12.49%) is below the historical average (14.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 44.97% | 2.97% | 1.89x | 8.01x | $14.41 Million |
| 2000 | 37.43% | 6.35% | 1.81x | 3.26x | $32.56 Million |
| 2001 | 29.57% | 6.63% | 1.63x | 2.74x | $31.16 Million |
| 2002 | 37.67% | 8.06% | 1.38x | 3.39x | $41.99 Million |
| 2003 | 20.63% | 7.21% | 1.37x | 2.09x | $26.07 Million |
| 2004 | 22.27% | 7.07% | 1.19x | 2.64x | $28.74 Million |
| 2005 | 13.44% | 6.86% | 1.03x | 1.91x | $22.31 Million |
| 2006 | 14.76% | 7.82% | 0.97x | 1.94x | $37.52 Million |
| 2007 | 15.79% | 8.83% | 1.03x | 1.74x | $57.00 Million |
| 2008 | 17.16% | 8.74% | 1.03x | 1.91x | $61.09 Million |
| 2009 | 6.17% | 5.05% | 0.52x | 2.34x | $-74.96 Million |
| 2010 | 7.50% | 5.97% | 0.64x | 1.97x | $-64.72 Million |
| 2011 | 10.70% | 7.61% | 0.64x | 2.20x | $16.96 Million |
| 2012 | 11.70% | 8.86% | 0.67x | 1.96x | $46.36 Million |
| 2013 | 11.60% | 10.32% | 0.62x | 1.82x | $49.61 Million |
| 2014 | 13.13% | 10.56% | 0.68x | 1.84x | $91.78 Million |
| 2016 | 9.09% | 18.93% | 0.37x | 1.29x | $-9.31 Million |
| 2017 | 8.48% | 16.58% | 0.38x | 1.33x | $-15.00 Million |
| 2018 | 3.49% | 24.25% | 0.13x | 1.09x | $-297.77 Million |
| 2019 | 2.48% | 10.80% | 0.15x | 1.51x | $-254.09 Million |
| 2020 | 3.86% | 18.63% | 0.16x | 1.32x | $-264.05 Million |
| 2021 | 4.88% | 21.07% | 0.18x | 1.29x | $-237.73 Million |
| 2022 | 6.24% | 26.02% | 0.19x | 1.26x | $-186.04 Million |
| 2023 | 6.79% | 27.27% | 0.19x | 1.31x | $-172.51 Million |
| 2024 | 8.65% | 29.06% | 0.24x | 1.25x | $-78.51 Million |
| 2025 | 12.49% | 39.60% | 0.25x | 1.26x | $162.02 Million |
Industry Comparison
This section compares Tradeweb Markets Inc's net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $226,924,840
- Average return on equity (ROE) among peers: -42.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tradeweb Markets Inc (TW) | $7.19 Billion | 44.97% | 0.14x | $11.62 Billion |
| American Bitcoin Corp (ABTC) | $1.02 Billion | 42.26% | 0.09x | $1.47 Billion |
| Abits Group Inc. (ABTS) | $-10.16K | 0.00% | 0.00x | $3.02 Million |
| Sphere 3D Corp (ANY) | $269.63 Million | -6.41% | 0.02x | $16.09 Million |
| Argo Blockchain PLC ADR (ARBK) | $27.19 Million | -15.14% | 0.01x | $957.54K |
| AtlasClear Holdings, Inc. (ATCH) | $19.58K | -110.73% | 9.25x | $32.53 Million |
| Prestige Wealth Inc. (AURE) | $3.04 Million | -226.15% | 1.08x | $36.85 Million |
| Solowin Holdings (AXG) | $1.46 Million | -5.68% | 8.37x | $475.90 Million |
| BGC Group Inc. (BGC) | $581.92 Million | -0.52% | 3.73x | $4.26 Billion |
| Big Digital Energy, Inc. (BGDE) | $76.17 Million | -69.27% | 0.75x | $30.01 Million |
| Bitfarms Ltd (BITF) | $294.76 Million | -35.29% | 0.28x | $1.21 Billion |
About Tradeweb Markets Inc
Tradeweb Markets Inc. builds and operates electronic marketplaces in the United States and internationally. The company offers marketplaces that facilitate trading products across various asset classes, including rates, credit, equities, and money markets. It also provides pre-trade data and analytics, such as AI-Price, SNAP+, iNAV for ETFs, integrations, and LSEG market data; and trade execution… Read more