Cboe Global Markets, Inc. (CBOE) vs FactSet Research Systems Inc. (FDS)

Cboe Global Markets, Inc. and FactSet Research Systems Inc. are both Financial Data & Stock Exchanges companies. Cboe Global Markets, Inc. is the larger, with a market value of $36.8B against $12.0B — 3.1× the size. FactSet Research Systems Inc. trades at the lower P/E: 23.2× against 25.0×. Cboe Global Markets, Inc. grew revenue faster over the last twelve months: 14.3% against 6.65%. Cboe Global Markets, Inc. has the higher net margin (27.9% vs 21.5%) and the higher return on invested capital (25.7% vs 14.1%). Both pay a dividend; FactSet Research Systems Inc. yields more (1.33% vs 0.86%). Across the 21 metrics below, Cboe Global Markets, Inc. leads on 15 and FactSet Research Systems Inc. on 6.

Valuation

Metric CBOE FDS Financial Data & Stock Exchanges median
P/E 24.98 23.22 24.85
P/S 6.97 5.00 6.75
P/B 6.21 6.18 4.56
Price to free cash flow 14.53 17.49 20.23
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.00% 4.31% 4.00%
Free cash flow yield 6.88% 5.72% 4.59%

Profitability

Metric CBOE FDS Financial Data & Stock Exchanges median
Gross margin 53.88% 50.61% 72.83%
Operating margin 36.37% 28.27% 29.06%
Net margin 27.94% 21.54% 25.36%
Free cash flow margin 47.94% 28.57% 32.14%
Return on equity 27.28% 25.47% 17.00%
Return on assets 14.53% 12.64% 8.22%
Return on invested capital 25.71% 14.08% 10.55%

Growth

Metric CBOE FDS Financial Data & Stock Exchanges median
Revenue growth (TTM) 14.31% 6.65% 10.44%
EPS growth (last fiscal year) 44.52% (6.30%) 13.54%
Revenue growth, 5-year CAGR 6.59% 9.24% 9.24%
Net income growth, 5-year CAGR 18.58% 5.95% 10.85%

Health

Metric CBOE FDS Financial Data & Stock Exchanges median
Debt to equity 0.24 0.68 0.67
Current ratio 1.61 0.60 1.04
Net debt to EBITDA (0.49) 1.21 1.20

Dividend

Metric CBOE FDS Financial Data & Stock Exchanges median
Dividend yield 0.86% 1.33% 1.13%
Payout ratio 0.21 0.31 0.29

Size

Metric CBOE FDS Financial Data & Stock Exchanges median
Market cap 36.84b 12.00b 38.07b

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