WallStSmart

Perella Weinberg Partners (PWP)vsTradeweb Markets Inc (TW)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Tradeweb Markets Inc generates 173% more annual revenue ($2.05B vs $750.90M). TW leads profitability with a 39.6% profit margin vs 4.7%. TW trades at a lower P/E of 32.7x. TW earns a higher WallStSmart Score of 67/100 (B-).

PWP

Avoid

32

out of 100

Grade: F

Growth: 3.3Profit: 6.0Value: 5.7Quality: 4.8
Piotroski: 2/9

TW

Strong Buy

67

out of 100

Grade: B-

Growth: 8.0Profit: 8.5Value: 7.3Quality: 7.8
Piotroski: 5/9Altman Z: 5.64
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

PWPSignificantly Overvalued (-640.9%)

Margin of Safety

-640.9%

Fair Value

$3.20

Current Price

$17.43

$14.23 premium

UndervaluedFair: $3.20Overvalued
TWUndervalued (+34.8%)

Margin of Safety

+34.8%

Fair Value

$176.44

Current Price

$119.95

$56.49 discount

UndervaluedFair: $176.44Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

PWP0 strengths · Avg: 0/10

No standout strengths identified

TW4 strengths · Avg: 10.0/10
Profit MarginProfitability
39.6%10/10

Keeps 40 of every $100 in revenue as profit

Operating MarginProfitability
42.4%10/10

Strong operational efficiency at 42.4%

EPS GrowthGrowth
128.8%10/10

Earnings expanding 128.8% YoY

Altman Z-ScoreHealth
5.6410/10

Safe zone — low bankruptcy risk

Areas to Watch

PWP4 concerns · Avg: 3.3/10
P/E RatioValuation
37.1x4/10

Premium valuation, high expectations priced in

Market CapQuality
$1.60B3/10

Smaller company, higher risk/reward

Profit MarginProfitability
4.7%3/10

4.7% margin — thin

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

TW2 concerns · Avg: 3.0/10
P/E RatioValuation
32.7x4/10

Premium valuation, high expectations priced in

PEG RatioValuation
2.972/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : PWP

PWP has a balanced fundamental profile.

Bull Case : TW

The strongest argument for TW centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 39.6% and operating margin at 42.4%. Revenue growth of 12.5% demonstrates continued momentum.

Bear Case : PWP

The primary concerns for PWP are P/E Ratio, Market Cap, Profit Margin. Thin 4.7% margins leave little buffer for downturns.

Bear Case : TW

The primary concerns for TW are P/E Ratio, PEG Ratio.

Key Dynamics to Monitor

PWP profiles as a value stock while TW is a mature play — different risk/reward profiles.

PWP carries more volatility with a beta of 1.69 — expect wider price swings.

TW is growing revenue faster at 12.5% — sustainability is the question.

TW generates stronger free cash flow (337M), providing more financial flexibility.

Bottom Line

TW scores higher overall (67/100 vs 32/100), backed by strong 39.6% margins and 12.5% revenue growth. Both earn "Strong Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Perella Weinberg Partners

FINANCIAL SERVICES · CAPITAL MARKETS · USA

Perella Weinberg Partners (PWP) is a leading independent advisory and asset management firm noted for its deep expertise in mergers and acquisitions, restructuring, and capital raising across a variety of sectors. Leveraging its extensive global reach and strong client relationships, PWP delivers customized solutions that drive value and enhance outcomes for its clients. Committed to a client-first philosophy, the firm has established itself as a trusted partner in the financial landscape, making it an attractive investment opportunity for those seeking exposure to a well-respected player poised for growth in favorable market conditions.

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Tradeweb Markets Inc

FINANCIAL SERVICES · CAPITAL MARKETS · USA

Tradeweb Markets Inc. creates and operates electronic marketplaces in the Americas, Europe, the Middle East, Africa, Asia Pacific and internationally.

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