WallStSmart

Tradeweb Markets Inc (TW)vsTerawulf Inc (WULF)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Tradeweb Markets Inc generates 1117% more annual revenue ($2.05B vs $168.46M). TW leads profitability with a 39.6% profit margin vs 0.0%. TW earns a higher WallStSmart Score of 67/100 (B-).

TW

Strong Buy

67

out of 100

Grade: B-

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

WULF

Avoid

24

out of 100

Grade: F

Growth: 6.0Profit: 2.5Value: 5.0Quality: 3.0
Piotroski: 2/9Altman Z: -0.46
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

TWUndervalued (+34.8%)

Margin of Safety

+34.8%

Fair Value

$176.44

Current Price

$119.95

$56.49 discount

UndervaluedFair: $176.44Overvalued

Intrinsic value data unavailable for WULF.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

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

WULF0 strengths · Avg: 0/10

No standout strengths identified

Areas to Watch

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

WULF4 concerns · Avg: 3.5/10
Revenue GrowthGrowth
2.4%4/10

2.4% revenue growth

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Profit MarginProfitability
0.0%3/10

0.0% margin — thin

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

Comparative Analysis Report

WallStSmart Research

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.

Bull Case : WULF

WULF has a balanced fundamental profile.

Bear Case : TW

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

Bear Case : WULF

The primary concerns for WULF are Revenue Growth, EPS Growth, Profit Margin. Debt-to-equity of 4.39 is elevated, increasing financial risk.

Key Dynamics to Monitor

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

WULF carries more volatility with a beta of 4.30 — 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 24/100), 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.

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.

Terawulf Inc

FINANCIAL SERVICES · CAPITAL MARKETS · USA

Terawulf Inc. is a bitcoin mining company. The company is headquartered in Easton, Maryland.

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