IREN (IREN) vs Tradeweb Markets (TW)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Tradeweb Markets (TW) has outperformed IREN (IREN) over the past year, gaining 2.7% versus a loss of 37.3%. Tradeweb Markets is the larger company by market cap ($23.20 billion vs $15.25 billion), about 1.5 times the size, while IREN is growing revenue faster (+41.1% vs +18.9%). Tradeweb Markets pays a dividend yielding 0.48%, while IREN does not currently pay one.
Tradeweb Markets converts more of its revenue into profit, with a net margin of 39.6% versus -99.4%.
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 | IREN | TW |
|---|---|---|
| Share price | $38.69 | $107.40 |
| Market cap | $15.25B | $23.20B |
| 1-day change | -6.27% | -0.13% |
| YTD return | +2.44% | -0.13% |
| 1-year return | -37.27% | +2.69% |
| 5-year return | — | +28.65% |
| P/E ratio (TTM) | — | 25.69 |
| Forward P/E | — | 23.21 |
| EPS (TTM) | $-2.22 | $4.18 |
| Dividend yield | 0.00% | 0.48% |
| Annual dividend | $0.00 | $0.52 |
| Revenue (latest FY) | $707.01M | $2.05B |
| Revenue growth (YoY) | +41.11% | +18.92% |
| Net income (latest FY) | $-702.62M | $812.79M |
| Gross margin | 68.92% | — |
| Operating margin | -148.05% | 40.70% |
| Net margin | -99.38% | 39.60% |
| 52-week high | $76.87 | $127.69 |
| 52-week low | $28.93 | $91.42 |
| Distance from 52-week high | -49.67% | -15.89% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +101.96% | +15.02% |
| Average volume | 42.36M | 1.42M |
| Shares outstanding | 394.06M | 114.04M |
| Employees | 685 | 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 IREN by 40.0 percentage points over the past year.
- Tradeweb Markets is more profitable, keeping 39.6 cents of every revenue dollar as net income versus -99.4 cents for IREN.
- IREN grew revenue faster in its latest fiscal year (+41.11% vs +18.92%).
About IREN
IREN stock →IREN Limited operates as a vertically integrated AI cloud services platform in Australia and Canada. It develops, owns, and operate data centers, including the associated land, grid connections, and substations, as well as buildings and cooling.
Finance · Finance: Consumer Services · 685 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
IREN vs TW FAQ
Which is bigger, IREN or Tradeweb Markets?
Tradeweb Markets (TW) is larger, with a market capitalization of $23.20B compared with $15.25B for IREN (IREN).
Which stock has performed better over the past year, IREN or TW?
TW returned +2.69% over the past 12 months, compared with -37.27% for IREN (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, IREN or Tradeweb Markets?
Tradeweb Markets pays a dividend yielding 0.48%, while IREN does not currently pay a regular dividend.
Are IREN and Tradeweb Markets in the same industry?
Both are in the Finance sector, but in different industries: Finance: Consumer Services for IREN and Investment Bankers/Brokers/Service for Tradeweb Markets.