Circle Internet Group (CRCL) vs Tradeweb Markets (TW)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Tradeweb Markets (TW) has outperformed Circle Internet Group (CRCL) over the past year, gaining 2.7% versus a loss of 46.3%. Tradeweb Markets is the larger company by market cap ($23.69 billion vs $20.52 billion), about 1.2 times the size, while Circle Internet Group is growing revenue faster (+63.9% vs +18.9%). On valuation, Tradeweb Markets trades at a lower forward P/E (23.7x vs 57.2x for Circle Internet Group).
Tradeweb Markets pays a dividend yielding 0.47%, while Circle Internet Group does not currently pay one. Tradeweb Markets converts more of its revenue into profit, with a net margin of 39.6% versus -2.5%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CRCL | TW |
|---|---|---|
| Share price | $80.84 | $109.68 |
| Market cap | $20.52B | $23.69B |
| 1-day change | 0.00% | +2.12% |
| YTD return | +1.94% | -0.13% |
| 1-year return | -46.27% | +2.69% |
| 5-year return | — | +28.65% |
| P/E ratio (TTM) | 55.37 | 26.24 |
| Forward P/E | 57.25 | 23.67 |
| EPS (TTM) | $1.46 | $4.18 |
| Dividend yield | 0.00% | 0.47% |
| Annual dividend | $0.00 | $0.52 |
| Revenue (latest FY) | $2.75B | $2.05B |
| Revenue growth (YoY) | +63.86% | +18.92% |
| Net income (latest FY) | $-69.51M | $812.79M |
| Operating margin | -3.51% | 40.70% |
| Net margin | -2.53% | 39.60% |
| 52-week high | $159.47 | $127.69 |
| 52-week low | $49.90 | $91.42 |
| Distance from 52-week high | -49.31% | -14.10% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +30.58% | +12.63% |
| Average volume | 13.75M | 1.41M |
| Shares outstanding | 234.69M | 114.04M |
| Employees | 1,100 | 1,613 |
| Sector | Finance | Finance |
| Industry | Finance: Consumer Services | Investment Bankers/Brokers/Service |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- TW has outperformed CRCL by 49.0 percentage points over the past year.
- Circle Internet Group trades at a higher earnings multiple (55.4x vs 26.2x trailing P/E).
- Tradeweb Markets is more profitable, keeping 39.6 cents of every revenue dollar as net income versus -2.5 cents for Circle Internet Group.
- Circle Internet Group grew revenue faster in its latest fiscal year (+63.86% vs +18.92%).
About Circle Internet Group
CRCL stock →Circle Internet Group, Inc. operates as a platform, network, and market infrastructure for stablecoin and blockchain applications.
Finance · Finance: Consumer Services · 1,100 employees
About Tradeweb Markets
TW stock →Tradeweb Markets Inc. builds and operates electronic marketplaces in the United States and internationally.
Finance · Investment Bankers/Brokers/Service · 1,613 employees
CRCL vs TW FAQ
Which is bigger, Circle Internet Group or Tradeweb Markets?
Tradeweb Markets (TW) is larger, with a market capitalization of $23.69B compared with $20.52B for Circle Internet Group (CRCL).
Which stock has performed better over the past year, CRCL or TW?
TW returned +2.69% over the past 12 months, compared with -46.27% for CRCL (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CRCL or TW?
TW has the lower trailing P/E at 26.2, versus 55.4 for CRCL. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Circle Internet Group or Tradeweb Markets?
Tradeweb Markets pays a dividend yielding 0.47%, while Circle Internet Group does not currently pay a regular dividend.
Are Circle Internet Group and Tradeweb Markets in the same industry?
Both are in the Finance sector, but in different industries: Finance: Consumer Services for Circle Internet Group and Investment Bankers/Brokers/Service for Tradeweb Markets.