Cboe Global Markets, Inc. (CBOE) vs Intercontinental Exchange Inc. (ICE)

Cboe Global Markets, Inc. and Intercontinental Exchange Inc. are both Financial Data & Stock Exchanges companies. Intercontinental Exchange Inc. is the larger, with a market value of $97.2B against $36.8B — 2.6× the size. Intercontinental Exchange Inc. trades at the lower P/E: 23.6× against 25.0×. Cboe Global Markets, Inc. grew revenue faster over the last twelve months: 14.3% against 11.9%. Intercontinental Exchange Inc. has the higher net margin (38.1% vs 27.9%) and the lower return on invested capital (8.08% vs 25.7%). Both pay a dividend; Intercontinental Exchange Inc. yields more (1.17% vs 0.86%). Across the 21 metrics below, Cboe Global Markets, Inc. leads on 13 and Intercontinental Exchange Inc. on 8.

Valuation

Metric CBOE ICE Financial Data & Stock Exchanges median
P/E 24.98 23.56 24.85
P/S 6.97 8.96 6.75
P/B 6.21 3.26 4.56
Price to free cash flow 14.53 20.23 20.23
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 4.00% 4.24% 4.00%
Free cash flow yield 6.88% 4.94% 4.59%

Profitability

Metric CBOE ICE Financial Data & Stock Exchanges median
Gross margin 53.88% 98.65% 72.83%
Operating margin 36.37% 52.26% 29.06%
Net margin 27.94% 38.14% 25.36%
Free cash flow margin 47.94% 44.27% 32.14%
Return on equity 27.28% 14.20% 17.00%
Return on assets 14.53% 2.62% 8.22%
Return on invested capital 25.71% 8.08% 10.55%

Growth

Metric CBOE ICE Financial Data & Stock Exchanges median
Revenue growth (TTM) 14.31% 11.92% 10.44%
EPS growth (last fiscal year) 44.52% 20.71% 13.54%
Revenue growth, 5-year CAGR 6.59% 10.47% 9.24%
Net income growth, 5-year CAGR 18.58% 9.68% 10.85%

Health

Metric CBOE ICE Financial Data & Stock Exchanges median
Debt to equity 0.24 0.68 0.67
Current ratio 1.61 1.03 1.04
Net debt to EBITDA (0.49) 2.53 1.20

Dividend

Metric CBOE ICE Financial Data & Stock Exchanges median
Dividend yield 0.86% 1.17% 1.13%
Payout ratio 0.21 0.28 0.29

Size

Metric CBOE ICE Financial Data & Stock Exchanges median
Market cap 36.84b 97.24b 38.07b

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack