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Stock Comparison · Structural lead, mixed market

Nasdaq vs Tradeweb Markets: Which Stock Looks Stronger in 2026?

Tradeweb Markets holds the cleaner structural position, with profitability as the main driver and growth adding further support. Nasdaq still has the edge on stability, which keeps the comparison from looking entirely one-sided. The market setup is currently leaning toward Nasdaq, which does not confirm the structural lead. That leaves a split case: the structural lead stays with Tradeweb Markets, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the Russell 1000 universe, making them directly comparable.

Updated 2026-05-17

The lead is spread across profitability and growth, rather than sitting in one isolated gap. The overall score gap is 12 points in favour of Tradeweb Markets Inc..

Trajectory Similarity
0.73
Similar
Peer-set rank: #3
within Nasdaq, Inc.'s functional peer set

These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.

A solid similarity means the pair shares a clearly comparable long-term financial profile, even if individual dimensions still differ.

The clearest structural overlap shows up in investment intensity and recent revenue growth.

Similarity drivers
investment intensityrecent revenue growth
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
NDAQ
Nasdaq, Inc.
51
Peer-Score
Signal qualitylow
Peer basis: Russell 1000
vs
TW
Tradeweb Markets Inc.
63
Peer-Score
Signal qualitylow
Peer basis: Russell 1000

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: NDAQ vs TW Profitability 48 77 Stability 58 43 Valuation 55 62 Growth 43 64 NDAQ TW
Gap Ranking
#1 Profitability +29
#2 Growth +21
#3 Stability +15
#4 Valuation +7
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for NDAQ and TW Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer NDAQTW Relative valuation Structural strength

The setup stays mixed because structure and the price setup do not align cleanly in one direction.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where NDAQ and TW each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY NDAQ Elevated · below norm 0th 50th 100th 22 pct gap TW Elevated · below norm 0th 50th 100th 94th 72nd
Today TW sits in the upper-middle of its own 5-year history (72nd percentile), while NDAQ sits higher in its own history (94th). Within each stock's own 5-year context, TW is at a historically more favourable entry position than NDAQ. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Profitability
Both profiles are strong on profitability, but Tradeweb Markets Inc. leads clearly.
Growth
On growth, the same pattern holds: both rank well, but Tradeweb Markets Inc. still sits higher.
Profitability — Dominant Gap
NDAQ
48
TW
77
Gap+29in favour of TW

Capital efficiency adds support, with a 43-point ROIC advantage.

What keeps the gap from being one-sided

A meaningful counterforce remains in stability, which keeps the comparison from looking completely one-sided.

What this means for the comparison

Profitability is the clearest driver of the lead, with growth adding further support — though stability still provides a real counterweight.

Explore full peer positioning in AssetNext

Break down the NDAQ vs TW comparison across all dimensions with the full interactive tool.

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Similar profitability-and-growth comparisons

Explore how NDAQ and TW each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.