COMP <GO>
TW vs HSBC // OPTIONS IMPLIED MOVE & PUT/CALL SKEW
Tradeweb Markets Inc. (NASDAQ) VS. HSBC Holdings plc. (NYSE) • 15-METRIC TALLY: TW 8
— HSBC 5
▲ OPTIONS IMPLIED MOVE & PUT/CALL SKEW LEADER: HSBC
LAST: $122.54 (+3.08%) • MKT CAP: $27.82B
options-implied-move
6.90%
LAST: $85.42 (-1.36%) • MKT CAP: $297.33B
options-implied-move
6.60%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (TW VS. HSBC)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | TW | HSBC | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 41.00% | 41.00% | 0.00 | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 13.60% | 9.90% | +3.70 | TW | /roic <GO> |
| EV/EBITDA & P/E Valuation | 30.1x | 21.0x | +9.10 | HSBC | /valuation <GO> |
| Free Cash Flow Yield | 4.05% | 2.21% | +1.84 | TW | /fcf-yield <GO> |
| Operating Margin | 40.70% | 13.90% | +26.80 | TW | /operating-margins <GO> |
| Net Profit Margin | 39.60% | 10.90% | +28.70 | TW | /net-margins <GO> |
| Revenue Growth (YoY) | 18.90% | 23.10% | -4.20 | HSBC | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 17.94 | 3.74 | +14.20 | TW | /balance-sheet <GO> |
| Piotroski F-Score Quality | 9/9 | 8/9 | +1.00 | TW | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew ACTIVE | 6.90% | 6.60% | +0.30 | HSBC | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 71.1 | 25.0 | +46.10 | TW | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.99 | 0.92 | +0.07 | TW | /macro-sensitivity <GO> |
| Forward P/E Multiple | 28.7x | 27.6x | +1.10 | HSBC | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $27.82B | $297.33B | -$269.51B | HSBC | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | TW REV | HSBC REV | TW GROSS % | HSBC GROSS % | TW FCF | HSBC FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $2.05B | — | 44.0% | — | $1.13B | — |
| FY 2024 | $1.73B | — | 44.0% | — | $856.8M | — |
| FY 2023 | $1.34B | — | 44.0% | — | $685.9M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
TW // BETA 0.99
HSBC // BETA 0.92