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Side-by-side financial comparison of Allegion (ALLE) and Cboe Global Markets (CBOE). Click either name above to swap in a different company.
Cboe Global Markets is the larger business by last-quarter revenue ($1.2B vs $1.0B, roughly 1.2× Allegion). Cboe Global Markets runs the higher net margin — 26.0% vs 13.4%, a 12.7% gap on every dollar of revenue. On growth, Allegion posted the faster year-over-year revenue change (9.7% vs 8.7%). Over the past eight quarters, Cboe Global Markets's revenue compounded faster (12.2% CAGR vs 3.5%).
Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door closers, controls, and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors and door systems; and other accessories. The company sells its products and solutions to end-users in commercial, institutional, and residential facili...
Cboe Global Markets, Inc. is an American financial exchange operator headquartered in Chicago. It owns and operates a portfolio of exchanges and trading venues across equities, options, futures, and digital assets.
ALLE vs CBOE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.2B |
| Net Profit | $138.1M | $313.5M |
| Gross Margin | 44.0% | 55.7% |
| Operating Margin | 18.9% | 33.5% |
| Net Margin | 13.4% | 26.0% |
| Revenue YoY | 9.7% | 8.7% |
| Net Profit YoY | -6.8% | 59.5% |
| EPS (diluted) | — | $2.97 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $1.0B | — | ||
| Q4 25 | $1.0B | $1.2B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.0B | $1.2B | ||
| Q1 25 | $941.9M | $1.2B | ||
| Q4 24 | $945.6M | $1.1B | ||
| Q3 24 | $967.1M | $1.1B | ||
| Q2 24 | $965.6M | $974.0M |
| Q1 26 | $138.1M | — | ||
| Q4 25 | $147.5M | $313.5M | ||
| Q3 25 | $188.4M | $300.8M | ||
| Q2 25 | $159.7M | $235.1M | ||
| Q1 25 | $148.2M | $250.6M | ||
| Q4 24 | $144.1M | $196.5M | ||
| Q3 24 | $174.2M | $218.5M | ||
| Q2 24 | $155.4M | $140.4M |
| Q1 26 | 44.0% | — | ||
| Q4 25 | 44.5% | 55.7% | ||
| Q3 25 | 45.8% | 53.0% | ||
| Q2 25 | 45.6% | 50.0% | ||
| Q1 25 | 44.9% | 47.3% | ||
| Q4 24 | 44.1% | 47.4% | ||
| Q3 24 | 44.7% | 50.4% | ||
| Q2 24 | 44.4% | 52.8% |
| Q1 26 | 18.9% | — | ||
| Q4 25 | 20.3% | 33.5% | ||
| Q3 25 | 21.8% | 32.4% | ||
| Q2 25 | 21.5% | 28.9% | ||
| Q1 25 | 20.9% | 29.6% | ||
| Q4 24 | 19.5% | 27.0% | ||
| Q3 24 | 22.2% | 29.1% | ||
| Q2 24 | 21.6% | 21.6% |
| Q1 26 | 13.4% | — | ||
| Q4 25 | 14.3% | 26.0% | ||
| Q3 25 | 17.6% | 26.3% | ||
| Q2 25 | 15.6% | 20.0% | ||
| Q1 25 | 15.7% | 21.0% | ||
| Q4 24 | 15.2% | 17.7% | ||
| Q3 24 | 18.0% | 20.7% | ||
| Q2 24 | 16.1% | 14.4% |
| Q1 26 | — | — | ||
| Q4 25 | $1.70 | $2.97 | ||
| Q3 25 | $2.18 | $2.85 | ||
| Q2 25 | $1.85 | $2.23 | ||
| Q1 25 | $1.71 | $2.37 | ||
| Q4 24 | $1.65 | $1.85 | ||
| Q3 24 | $1.99 | $2.07 | ||
| Q2 24 | $1.77 | $1.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $308.9M | $2.3B |
| Total DebtLower is stronger | $2.0B | $1.4B |
| Stockholders' EquityBook value | $2.1B | $5.1B |
| Total Assets | $5.3B | $9.3B |
| Debt / EquityLower = less leverage | 0.97× | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $308.9M | — | ||
| Q4 25 | $356.2M | $2.3B | ||
| Q3 25 | $302.7M | $1.5B | ||
| Q2 25 | $656.8M | $1.5B | ||
| Q1 25 | $494.5M | $1.2B | ||
| Q4 24 | $503.8M | $1.0B | ||
| Q3 24 | $878.9M | $763.2M | ||
| Q2 24 | $747.5M | $698.3M |
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $1.4B | ||
| Q3 25 | $2.1B | $1.4B | ||
| Q2 25 | $2.1B | $1.4B | ||
| Q1 25 | $2.0B | $1.4B | ||
| Q4 24 | $2.0B | $1.4B | ||
| Q3 24 | $2.4B | $1.4B | ||
| Q2 24 | $2.4B | $1.4B |
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.1B | $5.1B | ||
| Q3 25 | $1.9B | $4.9B | ||
| Q2 25 | $1.8B | $4.7B | ||
| Q1 25 | $1.6B | $4.5B | ||
| Q4 24 | $1.5B | $4.3B | ||
| Q3 24 | $1.6B | $4.2B | ||
| Q2 24 | $1.4B | $4.0B |
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.2B | $9.3B | ||
| Q3 25 | $5.2B | $9.1B | ||
| Q2 25 | $4.9B | $9.0B | ||
| Q1 25 | $4.6B | $8.7B | ||
| Q4 24 | $4.5B | $7.8B | ||
| Q3 24 | $5.0B | $8.7B | ||
| Q2 24 | $4.8B | $9.3B |
| Q1 26 | 0.97× | — | ||
| Q4 25 | 0.96× | 0.28× | ||
| Q3 25 | 1.07× | 0.30× | ||
| Q2 25 | 1.16× | 0.31× | ||
| Q1 25 | 1.24× | 0.32× | ||
| Q4 24 | 1.33× | 0.34× | ||
| Q3 24 | 1.53× | 0.34× | ||
| Q2 24 | 1.69× | 0.36× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $101.3M | $352.1M |
| Free Cash FlowOCF − Capex | — | $332.1M |
| FCF MarginFCF / Revenue | — | 27.6% |
| Capex IntensityCapex / Revenue | 2.0% | 1.7% |
| Cash ConversionOCF / Net Profit | 0.73× | 1.12× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.7B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $101.3M | — | ||
| Q4 25 | $240.1M | $352.1M | ||
| Q3 25 | $229.5M | $153.9M | ||
| Q2 25 | $209.7M | $333.7M | ||
| Q1 25 | $104.5M | $912.9M | ||
| Q4 24 | $219.0M | $-710.4M | ||
| Q3 24 | $231.9M | $-578.5M | ||
| Q2 24 | $173.0M | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | $200.5M | $332.1M | ||
| Q3 25 | $209.8M | $137.9M | ||
| Q2 25 | $192.0M | $313.4M | ||
| Q1 25 | $83.4M | $898.2M | ||
| Q4 24 | $194.9M | $-734.2M | ||
| Q3 24 | $212.0M | $-590.5M | ||
| Q2 24 | $152.1M | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 19.4% | 27.6% | ||
| Q3 25 | 19.6% | 12.1% | ||
| Q2 25 | 18.8% | 26.7% | ||
| Q1 25 | 8.9% | 75.2% | ||
| Q4 24 | 20.6% | -66.3% | ||
| Q3 24 | 21.9% | -55.9% | ||
| Q2 24 | 15.8% | 151.6% |
| Q1 26 | 2.0% | — | ||
| Q4 25 | 3.8% | 1.7% | ||
| Q3 25 | 1.8% | 1.4% | ||
| Q2 25 | 1.7% | 1.7% | ||
| Q1 25 | 2.2% | 1.2% | ||
| Q4 24 | 2.5% | 2.1% | ||
| Q3 24 | 2.1% | 1.1% | ||
| Q2 24 | 2.2% | 1.8% |
| Q1 26 | 0.73× | — | ||
| Q4 25 | 1.63× | 1.12× | ||
| Q3 25 | 1.22× | 0.51× | ||
| Q2 25 | 1.31× | 1.42× | ||
| Q1 25 | 0.71× | 3.64× | ||
| Q4 24 | 1.52× | -3.62× | ||
| Q3 24 | 1.33× | -2.65× | ||
| Q2 24 | 1.11× | 10.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALLE
| Allegion Americas | $809.9M | 78% |
| Allegion International | $223.7M | 22% |
CBOE
| Liquidity Payments | $443.6M | 37% |
| Cash And Spot Markets | $431.3M | 36% |
| Transferred Over Time | $84.3M | 7% |
| Market Data Fees | $82.7M | 7% |
| Royalty Fees | $68.9M | 6% |
| Futures | $36.1M | 3% |
| Global FX | $24.4M | 2% |
| Other Revenue | $23.1M | 2% |
| Routing And Clearing | $20.1M | 2% |
