COMP <GO>
CBOE vs TW // NET PROFIT MARGIN
Cboe Global Markets Inc. (CBOE) VS. Tradeweb Markets Inc. (NASDAQ) • 15-METRIC TALLY: CBOE 7
— TW 4
▲ NET PROFIT MARGIN LEADER: TW
LAST: $335.53 (+6.77%) • MKT CAP: $35.14B
net-margins
23.30%
LAST: $122.54 (+3.08%) • MKT CAP: $27.82B
net-margins
39.60%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (CBOE VS. TW)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | CBOE | TW | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 26.60% | 13.60% | +13.00 | CBOE | /roic <GO> |
| EV/EBITDA & P/E Valuation | 22.5x | 30.1x | -7.60 | CBOE | /valuation <GO> |
| Free Cash Flow Yield | 4.79% | 4.05% | +0.74 | CBOE | /fcf-yield <GO> |
| Operating Margin | 31.10% | 40.70% | -9.60 | TW | /operating-margins <GO> |
| Net Profit Margin ACTIVE | 23.30% | 39.60% | -16.30 | TW | /net-margins <GO> |
| Revenue Growth (YoY) | 15.40% | 18.90% | -3.50 | TW | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.81% | 0.00% | +0.81 | CBOE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 9/9 | 9/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 52.9 | 60.3 | -7.40 | TW | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.07 | 0.99 | +0.08 | CBOE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 26.8x | 28.7x | -1.90 | CBOE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $35.14B | $27.82B | $7.32B | CBOE | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | CBOE REV | TW REV | CBOE GROSS % | TW GROSS % | CBOE FCF | TW FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $4.71B | $2.05B | 51.5% | — | $1.68B | $1.13B |
| FY 2024 | $4.09B | $1.73B | 50.6% | — | $1.04B | $856.8M |
| FY 2023 | $0 | $1.34B | — | — | $1.08B | $685.9M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
CBOE // BETA 1.07
TW // BETA 0.99