Morgan Stanley (MS) 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
Morgan Stanley (MS) has outperformed Tradeweb Markets (TW) over the past year, gaining 21.6% versus a gain of 2.7%. Over five years, MS leads with a +84.8% price change compared with +28.7% for TW. Morgan Stanley is the larger company by market cap ($297.95 billion vs $23.20 billion), about 12.8 times the size, while Tradeweb Markets is growing revenue faster (+18.9% vs +14.4%).
On valuation, Morgan Stanley trades at a lower forward P/E (14.0x vs 23.2x for Tradeweb Markets). Morgan Stanley offers the higher dividend yield (2.19% vs 0.48%). Tradeweb Markets converts more of its revenue into profit, with a net margin of 39.6% versus 23.9%.
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 | MS | TW |
|---|---|---|
| Share price | $189.71 | $107.40 |
| Market cap | $297.95B | $23.20B |
| 1-day change | -0.69% | -0.13% |
| YTD return | +6.86% | -0.13% |
| 1-year return | +21.63% | +2.69% |
| 5-year return | +84.80% | +28.67% |
| P/E ratio (TTM) | 15.32 | 25.69 |
| Forward P/E | 13.98 | 23.21 |
| EPS (TTM) | $12.38 | $4.18 |
| Dividend yield | 2.19% | 0.48% |
| Annual dividend | $4.15 | $0.52 |
| Revenue (latest FY) | $70.64B | $2.05B |
| Revenue growth (YoY) | +14.38% | +18.92% |
| Net income (latest FY) | $16.86B | $812.79M |
| Operating margin | — | 40.70% |
| Net margin | 23.87% | 39.60% |
| 52-week high | $232.25 | $127.69 |
| 52-week low | $151.84 | $91.42 |
| Distance from 52-week high | -18.32% | -15.89% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +18.33% | +15.02% |
| Average volume | 5.14M | 1.42M |
| Shares outstanding | 1.57B | 114.04M |
| Employees | 83,000 | 1,613 |
| Sector | Finance | Finance |
| Industry | Investment Bankers/Brokers/Service | 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
- Morgan Stanley is about 12.8 times larger than Tradeweb Markets by market value ($297.95B vs $23.20B).
- MS has outperformed TW by 18.9 percentage points over the past year.
- Tradeweb Markets trades at a higher earnings multiple (25.7x vs 15.3x trailing P/E).
- Morgan Stanley offers a meaningfully higher dividend yield (2.19% vs 0.48%).
- Tradeweb Markets is more profitable, keeping 39.6 cents of every revenue dollar as net income versus 23.9 cents for Morgan Stanley.
About Morgan Stanley
MS stock →Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Asia, Europe, the Middle East, and Africa. It operates through Institutional Securities, Wealth Management, and Investment Management segments.
Finance · Investment Bankers/Brokers/Service · 83,000 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
MS vs TW FAQ
Which is bigger, Morgan Stanley or Tradeweb Markets?
Morgan Stanley (MS) is larger, with a market capitalization of $297.95B compared with $23.20B for Tradeweb Markets (TW).
Which stock has performed better over the past year, MS or TW?
MS returned +21.63% over the past 12 months, compared with +2.69% for TW (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MS or TW?
MS has the lower trailing P/E at 15.3, versus 25.7 for TW. 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, Morgan Stanley or Tradeweb Markets?
Morgan Stanley has the higher yield at 2.19%, compared with 0.48% for Tradeweb Markets.
Are Morgan Stanley and Tradeweb Markets in the same industry?
Yes. Both are classified in the Investment Bankers/Brokers/Service industry within the Finance sector.