Cboe Global Markets CBOE Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 203.8%-0.2pp | 199%-7.8pp | 198.1%-9.0pp | 200.4%-4.1pp | 204%+4.7pp | |
| Operating margin | 123.1%+13.8pp | 116.3%+4.8pp | 112%-0.7pp | 110.1%-1.5pp | 109.3%+0.2pp | |
| Net margin | 90.3%+13.0pp | 83.1%+3.2pp | 78.4%-3.0pp | 76.9%-3.4pp | 77.2%+0.4pp | |
| EBITDA margin | 133.6%+10.8pp | 127.2%+1.0pp | 123.5%-4.7pp | 122.6%-5.5pp | 122.8%-3.2pp | |
| Returns | ||||||
| Return on equity | 90.9%+13.8pp | 84.7%+5.6pp | 79.9%-1.2pp | 77.8%-3.8pp | 77.1%-3.3pp | |
| Return on assets | 46.3%+7.8pp | 43.4%+4.6pp | 40.5%+1.2pp | 38.9%-0.3pp | 38.5%-0.3pp | |
| Return on invested capital | 141.7%+54.6pp | 116.7%+34.8pp | 105.8%+24.6pp | 98.7%+24.1pp | 87.1%+20.4pp | |
| Efficiency | ||||||
| Asset turnover | 2.1×+0.1× | 2.1×+0.1× | 2.1×+0.1× | 2×+0.1× | 2×0.0× | |
| Liquidity | ||||||
| Current ratio | 6.5×+0.5× | 6.8×+1.0× | 6.7×+1.3× | 6.3×+1.1× | 6×+0.8× | |
| Quick ratio | 6.5×+0.5× | 6.8×+1.0× | 6.7×+1.3× | 6.3×+1.1× | 6×+0.8× | |
| Cash ratio | 5.6×+0.8× | 5.6×+1.1× | 5.2×+1.0× | 5×+0.9× | 4.8×+1.5× | |
| Leverage | ||||||
| Debt-to-equity | 1.3×-0.2× | 1.3×-0.2× | 1.4×-0.2× | 1.5×-0.2× | 1.5×-0.2× | |
| Debt-to-assets | 0.7×-0.1× | 0.7×0.0× | 0.7×0.0× | 0.8×0.0× | 0.7×-0.1× | |
| Net debt / EBITDA | -5.8×-2.4× | -4.3×-1.3× | -3×-0.3× | -2.9×-1.1× | -3.4×-4.3× | |
| Interest coverage | 110.2×+25.5× | 102.4×+1.0× | 95.6×— | 90.5×— | 84.7×— | |
| Per Share | ||||||
| Book value per share | $191.06+18.6% | $182.25+16.3% | $173.92+13.2% | $167.40+12.1% | $161.12+10.6% | |
| Valuation | ||||||
| Market capitalization | $105.34B+25.6% | $99.62B+25.1% | $93.81B+20.2% | $89.85B+23.2% | $83.85B+20.6% | |
| Enterprise value | $96.11B+20.6% | $93.34B+22.8% | $89.64B+19.8% | $86.07B+21.5% | $79.66B+13.0% | |
| Price / earnings | 100.4×-6.9× | 106×+3.7× | 108.9×+8.5× | 110.6×+14.6× | 107.3×+12.3× | |
| Price / sales | 22.6×+1.9× | 21.9×+1.5× | 21.3×+0.9× | 21.2×+2.0× | 20.7×+2.4× | |
| Price / book | 21×+1.2× | 20.8×+1.6× | 20.5×+1.3× | 20.4×+2.0× | 19.7×+1.8× | |
| EV / EBITDA | 61.8×-2.3× | 64.7×+2.9× | 66.1×+5.0× | 66.5×+8.1× | 64.1×+5.2× | |
| EV / sales | 20.6×+1.0× | 20.5×+1.0× | 20.4×+0.8× | 20.4×+1.6× | 19.6×+1.1× | |
| Earnings yield | 16%+1.0pp | 15.2%-0.5pp | 14.7%-1.3pp | 14.5%-2.2pp | 15%-1.9pp | |
| Dividend yield | 4.3%-0.5pp | 4.3%-0.5pp | 4.5%-0.3pp | 4.5%-0.5pp | 4.7%-0.4pp | |
| PEG ratio | 3.6×-86.2× | 30.7×-31.7× | 88.3×+84.0× | 90.1×+88.4× | 89.8×+89.3× |
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.
