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Cboe Global Markets, Inc.

CBOE

$286.18 ▼ -2.43 (-0.84%) at close

18 Visible periods

34 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Excellent

Bullish

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Analytical Summary

Cboe Global Markets, Inc. shows strong fundamentals with top-quartile Return on Common Equity (%) and Profit Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $30.0B

Dividend Yield 0.94%

Revenue Growth 15.1% ↗

Op. Margin 31.1% ↗

ROIC 15.7% ↗

FCF / Share $16.06 ↗

Trailing P/E 27.4x

Price / Book 5.8x

FCF Yield 5.6%

Debt / Equity 0.28

info Valuation on last close. End-of-day price, Aug 7, 2026.

18-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$4.71B

↑ +15.1% —

Net Income Profit after all expenses

$1.10B

↑ +43.8% —

Operating Margin Operating profit as % of sales

31.1%

↑ +16.0% 87th

FCF / Share Free cash flow per share

$16.06

↑ +62.4% —

Long-Term Debt Long-term obligations

$1.44B

— +0.1% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↑

Returns ↑

Financial Health →

Cash Quality ↑

Dividend History

Dividend / share · sourced from SEC filings

$2.70 Latest / share

+14.4% YoY

+11.9% 11-yr CAGR

FY 2014

$0.88

FY 2015

$0.96

FY 2016

$1.04

FY 2017

$1.16

FY 2018

$1.34

FY 2019

$1.56

FY 2020

$1.80

FY 2021

$1.96

FY 2022

$2.10

FY 2023

$2.36

FY 2024

$2.70

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue Growth YoY (%)	15.1% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+152%)	8.5% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+42%)	-4.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-178%)	13.3% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+121%)	2.0% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-67%)	37.3% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+522%)	-9.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-264%)	24.2% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+304%)	217.0% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+3517%)	10.8% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+80%)	2.8% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-53%)	7.9% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+32%)	11.7% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+94%)	0.8% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-86%)	16.3% Good Good Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+171%)	2.6% Caution Caution Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-57%)	—	—
EPS Growth YoY (%)	44.5% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	1.1% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	225.5% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-55.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	15.2% Good ↑ Good Improving Year-over-year change in earnings per share Optimal: > 10%	27.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-11.4% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	2.2% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	63.0% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-7.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	11.3% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	11.1% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	11.8% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	17.1% Good → Good Stable Year-over-year change in earnings per share Optimal: > 10%	47.6% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-12.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	43.8% Excellent ↓ Excellent Declining Year-over-year change in net income	0.5% Caution ↓ Caution Declining Year-over-year change in net income	224.0% Excellent ↑ Excellent Improving Year-over-year change in net income	-55.6% Weak ↓ Weak Declining Year-over-year change in net income	13.0% Fair ↑ Fair Improving Year-over-year change in net income	24.9% Good ↓ Good Declining Year-over-year change in net income	-12.1% Weak ↓ Weak Declining Year-over-year change in net income	6.2% Fair ↓ Fair Declining Year-over-year change in net income	115.0% Excellent ↑ Excellent Improving Year-over-year change in net income	-8.9% Weak ↓ Weak Declining Year-over-year change in net income	8.1% Fair ↓ Fair Declining Year-over-year change in net income	7.8% Fair ↓ Fair Declining Year-over-year change in net income	11.8% Fair ↓ Fair Declining Year-over-year change in net income	12.9% Fair ↓ Fair Declining Year-over-year change in net income	40.3% Excellent Excellent Year-over-year change in net income	-6.6% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	62.4% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	1.6% Caution ↓ Caution Declining Year-over-year change in free cash flow	75.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	9.0% Fair ↓ Fair Declining Year-over-year change in free cash flow	-60.6% Weak ↓ Weak Declining Year-over-year change in free cash flow	141.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	20.4% Good ↓ Good Declining Year-over-year change in free cash flow	41.9% Excellent Excellent Year-over-year change in free cash flow	38.1% Excellent Excellent Year-over-year change in free cash flow	—	—	—	—	—	60.2% Excellent Excellent Year-over-year change in free cash flow	13.4% Fair Fair Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	6.0% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	5.4% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	3.3% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	16.6% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	8.1% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	15.4% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	52.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	63.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	53.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	7.1% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	7.4% Fair → Fair Stable Compound annual revenue growth over 3 years	6.7% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	9.4% Fair Fair Compound annual revenue growth over 3 years	6.3% Fair Fair Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	6.6% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	10.4% Good ↓ Good Declining Compound annual revenue growth over 5 years	6.4% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	12.2% Excellent ↓ Excellent Declining Compound annual revenue growth over 5 years	37.8% Excellent → Excellent Stable Compound annual revenue growth over 5 years	40.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	32.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	37.1% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	34.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	6.7% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	7.7% Fair Fair Compound annual revenue growth over 5 years	7.7% Fair Fair Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	68.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	13.7% Good ↑ Good Improving Compound annual EPS growth over 3 years	18.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-13.1% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	9.3% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	5.0% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	13.9% Good ↑ Good Improving Compound annual EPS growth over 3 years	15.4% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	18.7% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	4.5% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	11.4% Good ↓ Good Declining Compound annual EPS growth over 3 years	13.3% Good ↓ Good Declining Compound annual EPS growth over 3 years	24.5% Excellent Excellent Compound annual EPS growth over 3 years	15.0% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Operating Margin (%) (%)	31.1% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+24%)	26.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+7%)	28.0% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+12%)	12.4% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	23.1% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-8%)	19.3% Good → Good Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-23%)	21.5% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-14%)	21.6% Good ↓ Good Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-13%)	16.7% Fair ↓ Fair Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-33%)	42.4% Excellent ↓ Excellent Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+70%)	50.4% Excellent → Excellent Stable Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+102%)	50.8% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+103%)	50.0% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+100%)	47.6% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+91%)	47.6% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+90%)	38.3% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+53%)	41.7% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+67%)	—
Effective Tax Rate (%) (%)	29.8% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	29.4% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	27.3% Caution ↓ Caution Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	45.7% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	30.0% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	29.1% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	26.0% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	25.6% Caution ↑ Caution Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-19.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	39.4% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	36.7% Weak → Weak Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	38.7% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	38.0% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	35.1% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—
Profit Margin (%) (%)	23.3% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+6%)	18.7% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-15%)	20.2% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-8%)	5.9% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-73%)	15.1% Good → Good Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-31%)	13.7% Fair ↓ Fair Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-38%)	15.0% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-32%)	15.4% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-30%)	18.0% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-18%)	26.6% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+21%)	32.3% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+47%)	30.7% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+40%)	30.8% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+40%)	30.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+40%)	27.4% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+25%)	22.7% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	25.0% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+14%)	—
FCF Margin (%) (%)	35.7% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	25.4% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	27.3% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	14.9% Fair ↓ Fair Declining Free cash flow as a percentage of revenue Optimal: > 10%	15.6% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	41.2% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	23.9% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	18.0% Good ↓ Good Declining Free cash flow as a percentage of revenue Optimal: > 10%	15.1% Good Good Free cash flow as a percentage of revenue Optimal: > 10%	26.3% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—	40.0% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	30.9% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	26.5% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.53x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.36x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	1.35x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	2.52x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.03x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	3.01x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.59x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	1.17x Fair ↑ Fair Improving Free cash flow relative to reported net income Optimal: > 1x	0.84x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	0.99x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—	—	—	—	1.46x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	1.36x Good Good Free cash flow relative to reported net income Optimal: > 1x	1.06x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Return on Invested Capital (%)	15.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	13.6% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	14.2% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	5.1% Caution ↓ Caution Declining Return earned on debt + equity capital invested Optimal: > 10%	11.5% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	10.3% Good → Good Stable Return earned on debt + equity capital invested Optimal: > 10%	9.4% Fair ↓ Fair Declining Return earned on debt + equity capital invested Optimal: > 10%	10.0% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	10.2% Good ↓ Good Declining Return earned on debt + equity capital invested Optimal: > 10%	56.8% Excellent ↓ Excellent Declining Return earned on debt + equity capital invested Optimal: > 10%	78.0% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	76.9% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	62.3% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	66.2% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—	—	—	—
Return on Capital (%) (%)	15.8% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	14.1% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	14.1% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	7.0% Caution ↓ Caution Declining Operating profit relative to total assets Optimal: > 10%	11.8% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	10.2% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	10.5% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	11.3% Good ↓ Good Declining Operating profit relative to total assets Optimal: > 10%	7.1% Fair ↓ Fair Declining Operating profit relative to total assets Optimal: > 10%	62.6% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	83.1% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	81.7% Excellent ↑ Excellent Improving Operating profit relative to total assets Optimal: > 10%	64.7% Excellent ↓ Excellent Declining Operating profit relative to total assets Optimal: > 10%	72.0% Excellent → Excellent Stable Operating profit relative to total assets Optimal: > 10%	73.7% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	65.9% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	21.4% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+78%)	17.9% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+49%)	19.1% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+59%)	6.8% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-43%)	14.7% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+22%)	14.0% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+17%)	11.2% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-7%)	13.2% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+10%)	12.9% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+8%)	58.8% Excellent ↓ Excellent Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+390%)	79.0% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+558%)	75.9% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+532%)	61.9% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+415%)	65.8% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+449%)	—	—	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Debt to Equity (x)	0.28x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-77%)	0.34x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-72%)	0.36x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-70%)	0.50x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-58%)	0.36x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-70%)	0.36x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-70%)	0.26x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-78%)	0.38x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-69%)	0.40x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-67%)	—	—	—	—	—	—	—	—	—
Interest Coverage (x)	28.05x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	21.33x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	16.95x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	8.16x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	16.79x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	17.11x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	14.21x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	14.80x Excellent ↓ Excellent Declining Operating income divided by interest expense Optimal: > 5x	8.73x Good ↓ Good Declining Operating income divided by interest expense Optimal: > 5x	52.32x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	7440.19x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—	—	—	274.89x Excellent ↑ Excellent Improving Operating income divided by interest expense Optimal: > 5x	186.76x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	202.95x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-773.60M	$520.70M	$896.00M	$1.31B	$957.40M	$958.50M	$638.30M	$940.30M	$1.09B	$-97.30M	$-102.25M	$-147.93M	$-221.34M	$-135.60M	$-134.94M	$-53.79M	$-383.73M	$-281.42M
Debt / EBITDA (x)	0.91x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.17x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.18x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.65x Fair ↑ Fair Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.33x Good → Good Stable Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.47x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.22x Good ↓ Good Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.51x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	2.19x Fair Fair Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	—	—	—	—	—	—

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Revenue per Share (USD)	$45.03	$38.96	$35.67	$37.24	$32.66	$31.41	$22.41	$24.77	$20.79	$8.64	$7.64	$7.23	$6.55	$5.86	$5.65	$4.56	$4.70	—
Basic EPS, GAAP (USD)	$10.46	$7.24	$7.16	$2.20	$4.93	$4.28	$3.35	$3.78	$3.70	$2.27	$2.46	$2.21	$1.99	$1.78	$1.52	$1.03	$1.17	—
Free Cash Flow per Share (USD)	$16.06	$9.89	$9.74	$5.56	$5.10	$12.94	$5.37	$4.46	$3.14	$2.28	—	—	—	—	$2.26	$1.41	$1.24	—
Dividend per Share (USD)	$2.70	$2.36	$2.10	$1.96	$1.80	$1.56	$1.34	$1.16	$1.04	$0.96	$0.88	—	—	—	—	—	—	—
Book Value per Share (USD)	$49.10	$40.88	$37.76	$32.71	$33.80	$31.21	$30.32	$29.04	$27.59	$3.91	$3.16	$2.93	$3.26	$2.73	—	—	—	—
Tangible Book Value per Share (USD)	$6.60	$-2.12	$-6.80	$-12.46	$-10.21	$-11.88	$-8.28	$-10.49	$-13.30	$3.48	$3.04	$2.93	$3.26	$2.73	—	—	—	—
Basic Weighted Avg Shares (shares)	104.70M	105.10M	105.80M	106.30M	107.00M	109.10M	111.40M	111.80M	107.20M	81.40M	83.08M	85.41M	87.33M	87.46M	89.99M	95.75M	90.73M	—
Dividend Payout Ratio (%)	25.8% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	32.6% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	29.3% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	89.1% Caution ↑ Caution Improving Dividends paid as a percentage of earnings Optimal: 30-60%	36.5% Good → Good Stable Dividends paid as a percentage of earnings Optimal: 30-60%	36.4% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	40.0% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	30.7% Good ↓ Good Declining Dividends paid as a percentage of earnings Optimal: 30-60%	28.1% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	42.3% Good Good Dividends paid as a percentage of earnings Optimal: 30-60%	35.8% Good Good Dividends paid as a percentage of earnings Optimal: 30-60%	—	—	—	—	—	—	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Working Capital (USD)	$2.06B	$1.08B	$595.90M	$78.80M	$362.00M	$253.50M	$326.00M	$87.80M	$100.70M	$145.20M	$130.12M	$170.44M	$201.40M	$150.76M	$137.40M	$61.12M	—	—
LT Debt (USD)	$1.44B	$1.44B	$1.44B	$1.74B	$1.30B	$1.20B	$867.60M	$1.22B	$1.24B	—	—	—	—	—	—	—	—	—
Total Equity (USD)	$5.14B	$4.28B	$3.98B	$3.47B	$3.60B	$3.35B	$3.36B	$3.24B	$3.11B	$317.90M	$259.64M	$250.07M	$284.52M	$239.12M	—	—	—	—

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗
Sales/Revenue/Turnover (USD)	$4.71B	$4.09B	$3.77B	$3.96B	$3.49B	$3.43B	$2.50B	$2.77B	$2.23B	$703.10M	$634.54M	$617.23M	$572.05M	$512.34M	$508.14M	$437.10M	$426.08M	—
Depreciation Expense (USD)	$122.40M	$133.00M	$158.00M	$166.80M	$167.40M	$158.50M	$176.60M	$204.00M	$192.20M	$44.40M	—	—	—	—	—	—	—	—
Net Income, GAAP (USD)	$1.10B	$764.90M	$761.40M	$235.00M	$529.00M	$468.20M	$374.90M	$426.50M	$401.70M	$186.80M	$205.02M	$189.71M	$176.00M	$157.40M	$139.41M	$99.40M	$106.45M	—
Operating Cash Flow (USD)	$1.75B	$1.10B	$1.08B	$651.10M	$596.80M	$1.46B	$632.80M	$534.70M	$374.40M	$229.60M	—	—	—	—	$203.13M	$134.91M	$112.77M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 18 years · 68 quarters

Cboe Global Markets, Inc.

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