Which is better, MKTX or TW?

On the Buffett-Fit framework, Tradeweb Markets Inc. (TW) currently grades higher than MKTX — 73/100 (B grade) vs 72/100 (B). That said, "better" depends on which framework you trust — MKTX wins on Charlie Munger and Terry Smith; TW wins on Warren Buffett, Benjamin Graham, Philip Fisher, Peter Lynch, and Joel Greenblatt. The full pillar breakdown is on this page.

Should I buy MKTX or TW?

This page is an educational comparison, not investment advice. Both MKTX and TW are graded against the same Buffett 5-pillar framework (moat, earnings durability, management quality, financial health, valuation) plus six other documented investor frameworks. Read the side-by-side breakdown to see which one matches the criteria you care about most — and always do your own research before making any investment decision.

Is MKTX better than TW for value investing?

The two are close on the headline Buffett-Fit score (72/100 vs 73/100), so "better for value investing" depends on which pillar you weight most. The five Buffett pillars + six other frameworks are broken down side-by-side on this page so you can pick the one that fits your style.

What's the difference between MKTX and TW on Warren Buffett's framework?

Both stocks are evaluated on the same five pillars: economic moat (durable competitive advantage), earnings durability (consistent profitability), management quality (capital allocation), financial health (conservative balance sheet), and valuation (margin of safety). MKTX currently scores 72/100 (B grade); TW scores 73/100 (B grade). The "Where each wins" section on this page breaks down which pillar each stock dominates.

Which has the stronger moat, MKTX or TW?

Moat strength is one of the five pillars in the Buffett-Fit score on this page. MKTX and TW are each scored on ROIC sustainability, gross-margin durability, and qualitative signals like brand strength, switching costs, network effects, and regulatory barriers. The pillar breakdown on this page shows the moat sub-score side-by-side so you can see which one has the more durable competitive advantage.

Which is more undervalued, MKTX or TW?

Valuation is one of the five Buffett-Fit pillars on this page. Both stocks are scored on owner-earnings yield, price-to-intrinsic-value vs the underlying compounding rate, and the margin of safety relative to a conservative DCF. The valuation sub-score in the table below tells you which one currently trades at a more attractive price relative to its underlying business quality.

Are MKTX and TW both Financial Services stocks?

Yes — both MarketAxess Holdings Inc. (MKTX) and Tradeweb Markets Inc. (TW) operate in the Financial Services sector. That makes this a direct sector-peer comparison, which is the apples-to-apples way to use the Buffett-Fit framework: the score weighs each stock against its sector's specific quality and valuation benchmarks (sector-relative bonus), so the cross-stock comparison isn't distorted by inter-sector base-rate differences.

Is this MKTX vs TW comparison investment advice?

No. This page is an educational pattern-match against documented public frameworks (Buffett, Graham, Fisher, Lynch, Greenblatt, Munger, Smith), not personalised investment advice. The scores reflect how closely each stock matches each framework's documented criteria — they are not buy/hold/sell recommendations. Always do your own research and consult a licensed financial adviser for personalised advice.

Stock comparison

MarketAxess Holdings

Tradeweb Markets

Scored across Buffett, Graham, Lynch and Greenblatt - plus a side-by-side metric table covering valuation, quality, growth and balance sheet.

MKTX

Market cap

$4.87B

Sector

Financials

Tradeweb Markets

Market cap

$22.63B

Sector

Financials

Overall winner

Tradeweb Markets TW

Wins on the combined sum of fit scores across all four strategies. Per-strategy breakdown below.

Fit scores by strategy

Strategy	MKTX	TW	Winner
Warren Buffett	72B	73B	TW
Benjamin Graham	73B	78B	TW
Philip Fisher	52C	77C	TW
Peter Lynch	29F	60C	TW
Joel Greenblatt	37D	48D	TW
Charlie Munger	63C	54D	MKTX
Terry Smith	66B	62D	MKTX

Side-by-side metrics

Metric	MKTX	TW
Market cap	$4.87B	$22.63B
P/E (TTM)	15.8x	27.1x
EV/EBIT	13.7x	25.9x
ROIC (TTM)	12.93%	9.57%
Gross margin	70.47%	67.98%
Net margin	35.34%	40.25%
Revenue CAGR 5y	4.91%	17.51%
EPS CAGR 5y	-0.81%	35.51%
Debt / Equity	0.2x	0.0x
Dividend yield	2.21%	0.45%

Where each one wins

The metrics with the biggest gap between the two - sorted so the most decisive edges read first.

MKTX leads on

Dividend yield2.21%vs 0.45%+80%
EV/EBIT13.7xvs 25.9x+47%
P/E (TTM)15.8xvs 27.1x+42%
ROIC (TTM)12.93%vs 9.57%+26%

TW leads on

EPS CAGR 5y35.51%vs -0.81%+102%
Debt / Equity0.0xvs 0.2x+91%
Market cap$22.63Bvs $4.87B+78%
Revenue CAGR 5y17.51%vs 4.91%+72%

Educational tool. Fit scores are deterministic projections from public financials onto each investor's published criteria - not personal recommendations or advice.

MarketAxess Holdings

Tradeweb Markets

Fit scores by strategy

Side-by-side metrics

Where each one wins

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Key terms in this analysis