Top KingWin (WAI) Equity Ratio (2021 - 2025)
Top KingWin (WAI) posted Equity Ratio of 0.91 for Q4 2025, up 4.36% on a QoQ basis from 0.87 in Q2 2025, and up 6.0% year-over-year from 0.86 in Q4 2024.
Top KingWin (WAI) has 5 years of Equity Ratio data on file, last reported at 0.91 in Q4 2025.
- In Q4 2025, Equity Ratio rose 6.0% year-over-year to 0.91; the TTM figure through Dec 2025 stood at 0.91 (up 6.0% YoY), while the FY2025 annual figure was 0.91, up 6.0% from the prior year.
- Equity Ratio advanced to 0.91 in Q4 2025, from 0.87 in the prior quarter.
- Across five years, Equity Ratio topped out at 0.91 in Q4 2025 and bottomed at 0.37 in Q4 2022.
- A 5-year average of 0.71 and a median of 0.75 in 2023 frame the typical range for Equity Ratio.
- Annual changes were most pronounced in 2022 — Equity Ratio decreased 22.43% — and 2023, when it soared 95.97%.
- Year by year, Equity Ratio stood at 0.48 in 2021, then decreased by 22.43% to 0.37 in 2022, then soared by 95.97% to 0.72 in 2023, then advanced by 18.73% to 0.86 in 2024, then climbed by 6.0% to 0.91 in 2025.
- The last three Equity Ratio figures came in at 0.91 (Q4 2025), 0.87 (Q2 2025), and 0.86 (Q4 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | 0.07 |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | 0.06 |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | 0.10 |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 0.21 |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | 0.03 |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 0.04 |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | 0.30 |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 0.37 |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | 0.88 |
| 10 | Top KingWin | 1.85 Mn | -11.24 Mn | - | 0.91 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 0.91 |
| Jun 30, 2025 | 0.87 |
| Dec 31, 2024 | 0.86 |
| Jun 30, 2024 | 0.71 |
| Dec 31, 2023 | 0.72 |
| Jun 30, 2023 | 0.78 |
| Dec 31, 2022 | 0.37 |
| Dec 31, 2021 | 0.48 |