COMP <GO>
CBOE vs COIN // NET PROFIT MARGIN
Cboe Global Markets Inc. (CBOE) VS. Coinbase Global, Inc. (NASDAQ) • 15-METRIC TALLY: CBOE 10
— COIN 2
▲ NET PROFIT MARGIN LEADER: CBOE
LAST: $349.22 (+4.08%) • MKT CAP: $37.52B
net-margins
23.30%
LAST: $137.83 (-3.98%) • MKT CAP: $38.00B
net-margins
-12.46%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (CBOE VS. COIN)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | CBOE | COIN | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 26.60% | 1.40% | +25.20 | CBOE | /roic <GO> |
| EV/EBITDA & P/E Valuation | 22.5x | 116.4x | -93.89 | CBOE | /valuation <GO> |
| Free Cash Flow Yield | 4.79% | 3.86% | +0.93 | CBOE | /fcf-yield <GO> |
| Operating Margin | 31.10% | 3.56% | +27.54 | CBOE | /operating-margins <GO> |
| Net Profit Margin ACTIVE | 23.30% | -12.46% | +35.76 | CBOE | /net-margins <GO> |
| Revenue Growth (YoY) | 15.40% | -26.62% | +42.02 | CBOE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.81% | 0.00% | +0.81 | CBOE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | 2.63 | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 9/9 | 3/9 | +6.00 | CBOE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | 13.93% | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 60.7 | 39.4 | +21.30 | CBOE | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.07 | 2.81 | -1.74 | COIN | /macro-sensitivity <GO> |
| Forward P/E Multiple | 26.8x | 64.0x | -37.22 | CBOE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $37.52B | $38.00B | -$485.6M | COIN | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | CBOE REV | COIN REV | CBOE GROSS % | COIN GROSS % | CBOE FCF | COIN FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $4.71B | $7.18B | 51.5% | — | $1.68B | $2.43B |
| FY 2024 | $4.09B | $6.56B | 50.6% | — | $1.04B | $3.10B |
| FY 2023 | $2.96B | $3.11B | — | — | $1.08B | $673.4M |
| FY 2022 | — | $3.19B | — | — | — | -$1.59B |
| FY 2021 | — | $7.84B | — | — | — | $4.04B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
CBOE // BETA 1.07
COIN // BETA 2.81