Cboe Global Markets, Inc. (CBOE) vs CME Group Inc. (CME)

Cboe Global Markets, Inc. and CME Group Inc. are both Financial Data & Stock Exchanges companies. CME Group Inc. is the larger, with a market value of $104.1B against $32.2B — 3.2× the size. Cboe Global Markets, Inc. trades at the lower P/E: 24.5× against 24.7×. Cboe Global Markets, Inc. grew revenue faster over the last twelve months: 11.7% against 5.10%. CME Group Inc. has the higher net margin (63.1% vs 26.6%) and the lower return on invested capital (9.96% vs 23.5%). Both pay a dividend; CME Group Inc. yields more (1.31% vs 0.96%). Across the 21 metrics below, Cboe Global Markets, Inc. leads on 14 and CME Group Inc. on 7.

Valuation

Metric CBOE CME Financial Data & Stock Exchanges median
P/E 24.50 24.74 23.59
P/S 6.52 15.65 6.89
P/B 5.87 4.00 4.00
Price to free cash flow 17.60 25.16 19.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.08% 4.04% 4.04%
Free cash flow yield 5.68% 3.97% 4.39%

Profitability

Metric CBOE CME Financial Data & Stock Exchanges median
Gross margin 54.08% 100.00% 70.90%
Operating margin 34.69% 65.10% 28.27%
Net margin 26.62% 63.11% 22.52%
Free cash flow margin 37.04% 62.20% 28.57%
Return on equity 26.19% 15.76% 15.12%
Return on assets 13.71% 2.28% 6.82%
Return on invested capital 23.45% 9.96% 9.96%

Growth

Metric CBOE CME Financial Data & Stock Exchanges median
Revenue growth (TTM) 11.68% 5.10% 9.16%
EPS growth (last fiscal year) 44.52% 15.41% 15.41%
Revenue growth, 5-year CAGR 6.59% 5.95% 8.62%
Net income growth, 5-year CAGR 18.58% 13.82% 10.27%

Health

Metric CBOE CME Financial Data & Stock Exchanges median
Debt to equity 0.26 0.13 0.48
Current ratio 1.57 1.02 1.06
Net debt to EBITDA (0.49) (0.25) 1.19

Dividend

Metric CBOE CME Financial Data & Stock Exchanges median
Dividend yield 0.96% 1.31% 1.28%
Payout ratio 0.24 0.33 0.32

Size

Metric CBOE CME Financial Data & Stock Exchanges median
Market cap 32.17b 104.08b 32.17b

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