Cboe Global Markets CBOE Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 54.1%+2.6pp | 51.5%+2.1pp | 49.4%+0.7pp | 48.7%-0.5pp | 49.3%-1.3pp | |
| Operating margin | 33.8%+2.7pp | 31.1%+1.6pp | 29.5%+0.8pp | 28.7%+1.7pp | 27%+0.2pp | |
| Net margin | 25.8%+2.4pp | 23.3%+2.0pp | 21.3%+1.4pp | 19.9%+1.3pp | 18.6%-0.1pp | |
| EBITDA margin | 36.3%+2.6pp | 33.7%+1.6pp | 32.2%+0.8pp | 31.4%+1.5pp | 29.9%-0.2pp | |
| Free cash flow margin | 56.8%+21.2pp | 35.7%— | —— | —— | —— | |
| Returns | ||||||
| Return on equity | 25.1%+1.8pp | 23.4%+1.7pp | 21.6%+0.9pp | 20.7%+1.7pp | 19%+0.5pp | |
| Return on assets | 12.5%-0.4pp | 12.9%+1.8pp | 11.1%+1.2pp | 9.8%+0.3pp | 9.6%-0.4pp | |
| Return on invested capital | 48.8%+19.3pp | 29.5%-0.8pp | 30.4%-2.6pp | 33%+9.1pp | 23.8%+5.2pp | |
| Efficiency | ||||||
| Asset turnover | 0.5×-0.1× | 0.6×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | |
| Liquidity | ||||||
| Current ratio | 1.4×-0.5× | 1.9×+0.2× | 1.7×+0.1× | 1.6×0.0× | 1.6×-0.2× | |
| Quick ratio | 1.4×-0.5× | 1.9×+0.2× | 1.7×+0.1× | 1.6×0.0× | 1.6×-0.2× | |
| Cash ratio | 1.2×-0.4× | 1.6×+0.2× | 1.5×+0.2× | 1.2×0.0× | 1.3×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.3×0.0× | 0.4×0.0× | |
| Debt-to-assets | 0.1×0.0× | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | |
| Net debt / EBITDA | -2.3×-0.9× | -1.4×-0.4× | -1.1×-0.1× | -1×-0.1× | -0.8×-0.7× | |
| Interest coverage | 30.7×+2.6× | 28.1×+1.8× | 26.2×+1.0× | 25.3×+2.5× | 22.8×+1.5× | |
| Per Share | ||||||
| Book value per share | $51.18+4.7% | $48.89+5.0% | $46.57+4.8% | $44.43+4.9% | $42.36+4.4% | |
| Valuation | ||||||
| Market capitalization | $29.42B+12.0% | $26.27B+2.4% | $25.65B+6.8% | $24.01B+1.3% | $23.69B+15.8% | |
| Enterprise value | $25.39B+5.8% | $23.99B-0.4% | $24.08B+6.3% | $22.65B+0.1% | $22.63B+11.5% | |
| Price / earnings | 23.8×-0.1× | 23.9×-2.2× | 26.1×-0.6× | 26.7×-2.7× | 29.4×+2.7× | |
| Price / sales | 6.1×+0.6× | 5.6×0.0× | 5.6×+0.3× | 5.3×-0.2× | 5.5×+0.5× | |
| Price / book | 5.5×+0.4× | 5.1×-0.1× | 5.3×+0.1× | 5.1×-0.2× | 5.3×+0.5× | |
| EV / EBITDA | 14.6×-0.5× | 15.1×-1.1× | 16.2×+0.3× | 15.9×-1.5× | 17.5×+1.0× | |
| EV / sales | 5.3×+0.2× | 5.1×-0.1× | 5.2×+0.2× | 5×-0.2× | 5.2×+0.3× | |
| Free cash flow yield | 9.3%+2.9pp | 6.4%— | —— | —— | —— | |
| Earnings yield | 4.2%0.0pp | 4.2%+0.4pp | 3.8%+0.1pp | 3.8%+0.3pp | 3.4%-0.3pp | |
| Dividend yield | 1%-0.1pp | 1.1%0.0pp | 1.1%0.0pp | 1.1%0.0pp | 1.1%-0.1pp | |
| PEG ratio | 0.4×-0.1× | 0.5×-0.5× | 1×-0.6× | 1.6×-26.0× | 27.6×-30.6× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Cboe Global Markets's profit margins?
- Cboe Global Markets (CBOE) runs a 54.1% gross margin and a 33.8% operating margin, with a 25.8% net margin.
- Where do Cboe Global Markets's ratios come from?
- Every ratio is computed from Cboe Global Markets's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
