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Side-by-side financial comparison of Cboe Global Markets (CBOE) and CRACKER BARREL OLD COUNTRY STORE, INC (CBRL). Click either name above to swap in a different company.

Cboe Global Markets is the larger business by last-quarter revenue ($1.3B vs $797.2M, roughly 1.6× CRACKER BARREL OLD COUNTRY STORE, INC). Cboe Global Markets runs the higher net margin — 30.3% vs -3.1%, a 33.4% gap on every dollar of revenue. On growth, Cboe Global Markets posted the faster year-over-year revenue change (6.5% vs -10.9%). Over the past eight quarters, Cboe Global Markets's revenue compounded faster (14.3% CAGR vs -2.4%).

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.

Cracker Barrel Old Country Store, Inc., doing business as Cracker Barrel, is an American chain of restaurant and gift stores with a Southern country theme. The company's headquarters are in Lebanon, Tennessee, where Cracker Barrel was founded by Dan Evins and Tommy Lowe in 1969. The chain's early locations were positioned near Interstate Highway exits in the Southeastern and Midwestern United States, but expanded across the country during the 1990s and 2000s. As of August 10, 2023, the compan...

CBOE vs CBRL — Head-to-Head

Bigger by revenue
CBOE
CBOE
1.6× larger
CBOE
$1.3B
$797.2M
CBRL
Growing faster (revenue YoY)
CBOE
CBOE
+17.4% gap
CBOE
6.5%
-10.9%
CBRL
Higher net margin
CBOE
CBOE
33.4% more per $
CBOE
30.3%
-3.1%
CBRL
Faster 2-yr revenue CAGR
CBOE
CBOE
Annualised
CBOE
14.3%
-2.4%
CBRL

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CBOE
CBOE
CBRL
CBRL
Revenue
$1.3B
$797.2M
Net Profit
$385.7M
$-24.6M
Gross Margin
57.3%
68.8%
Operating Margin
39.7%
-4.1%
Net Margin
30.3%
-3.1%
Revenue YoY
6.5%
-10.9%
Net Profit YoY
53.9%
-235.7%
EPS (diluted)
$3.66
$-1.10

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.

Revenue
CBOE
CBOE
CBRL
CBRL
Q1 26
$1.3B
Q4 25
$1.2B
$797.2M
Q3 25
$1.1B
Q2 25
$1.2B
$821.1M
Q1 25
$1.2B
$949.4M
Q4 24
$1.1B
Q3 24
$1.1B
$894.4M
Q2 24
$974.0M
$817.1M
Net Profit
CBOE
CBOE
CBRL
CBRL
Q1 26
$385.7M
Q4 25
$313.5M
$-24.6M
Q3 25
$300.8M
Q2 25
$235.1M
$12.6M
Q1 25
$250.6M
$22.2M
Q4 24
$196.5M
Q3 24
$218.5M
$18.1M
Q2 24
$140.4M
$-9.2M
Gross Margin
CBOE
CBOE
CBRL
CBRL
Q1 26
57.3%
Q4 25
55.7%
68.8%
Q3 25
53.0%
Q2 25
50.0%
69.9%
Q1 25
47.3%
67.4%
Q4 24
47.4%
Q3 24
50.4%
69.6%
Q2 24
52.8%
70.0%
Operating Margin
CBOE
CBOE
CBRL
CBRL
Q1 26
39.7%
Q4 25
33.5%
-4.1%
Q3 25
32.4%
Q2 25
28.9%
1.8%
Q1 25
29.6%
3.1%
Q4 24
27.0%
Q3 24
29.1%
2.5%
Q2 24
21.6%
-2.4%
Net Margin
CBOE
CBOE
CBRL
CBRL
Q1 26
30.3%
Q4 25
26.0%
-3.1%
Q3 25
26.3%
Q2 25
20.0%
1.5%
Q1 25
21.0%
2.3%
Q4 24
17.7%
Q3 24
20.7%
2.0%
Q2 24
14.4%
-1.1%
EPS (diluted)
CBOE
CBOE
CBRL
CBRL
Q1 26
$3.66
Q4 25
$2.97
$-1.10
Q3 25
$2.85
Q2 25
$2.23
$0.56
Q1 25
$2.37
$0.99
Q4 24
$1.85
Q3 24
$2.07
$0.80
Q2 24
$1.33
$-0.41

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CBOE
CBOE
CBRL
CBRL
Cash + ST InvestmentsLiquidity on hand
$2.1B
$8.9M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$5.4B
$428.8M
Total Assets
$11.1B
$2.2B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBOE
CBOE
CBRL
CBRL
Q1 26
$2.1B
Q4 25
$2.3B
$8.9M
Q3 25
$1.5B
Q2 25
$1.5B
$9.8M
Q1 25
$1.2B
$10.3M
Q4 24
$1.0B
Q3 24
$763.2M
$12.0M
Q2 24
$698.3M
$11.9M
Total Debt
CBOE
CBOE
CBRL
CBRL
Q1 26
$1.4B
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.4B
Stockholders' Equity
CBOE
CBOE
CBRL
CBRL
Q1 26
$5.4B
Q4 25
$5.1B
$428.8M
Q3 25
$4.9B
Q2 25
$4.7B
$469.3M
Q1 25
$4.5B
$460.9M
Q4 24
$4.3B
Q3 24
$4.2B
$440.1M
Q2 24
$4.0B
$426.6M
Total Assets
CBOE
CBOE
CBRL
CBRL
Q1 26
$11.1B
Q4 25
$9.3B
$2.2B
Q3 25
$9.1B
Q2 25
$9.0B
$2.1B
Q1 25
$8.7B
$2.1B
Q4 24
$7.8B
Q3 24
$8.7B
$2.2B
Q2 24
$9.3B
$2.2B
Debt / Equity
CBOE
CBOE
CBRL
CBRL
Q1 26
0.27×
Q4 25
0.28×
Q3 25
0.30×
Q2 25
0.31×
Q1 25
0.32×
Q4 24
0.34×
Q3 24
0.34×
Q2 24
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
CBOE
CBOE
CBRL
CBRL
Operating Cash FlowLast quarter
$-53.4M
Free Cash FlowOCF − Capex
$-88.9M
FCF MarginFCF / Revenue
-11.2%
Capex IntensityCapex / Revenue
4.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBOE
CBOE
CBRL
CBRL
Q1 26
Q4 25
$352.1M
$-53.4M
Q3 25
$153.9M
Q2 25
$333.7M
$23.0M
Q1 25
$912.9M
Q4 24
$-710.4M
Q3 24
$-578.5M
$69.5M
Q2 24
$1.5B
$37.6M
Free Cash Flow
CBOE
CBOE
CBRL
CBRL
Q1 26
Q4 25
$332.1M
$-88.9M
Q3 25
$137.9M
Q2 25
$313.4M
$-13.6M
Q1 25
$898.2M
Q4 24
$-734.2M
Q3 24
$-590.5M
$22.1M
Q2 24
$1.5B
$8.2M
FCF Margin
CBOE
CBOE
CBRL
CBRL
Q1 26
Q4 25
27.6%
-11.2%
Q3 25
12.1%
Q2 25
26.7%
-1.7%
Q1 25
75.2%
Q4 24
-66.3%
Q3 24
-55.9%
2.5%
Q2 24
151.6%
1.0%
Capex Intensity
CBOE
CBOE
CBRL
CBRL
Q1 26
Q4 25
1.7%
4.5%
Q3 25
1.4%
Q2 25
1.7%
4.5%
Q1 25
1.2%
Q4 24
2.1%
Q3 24
1.1%
5.3%
Q2 24
1.8%
3.6%
Cash Conversion
CBOE
CBOE
CBRL
CBRL
Q1 26
Q4 25
1.12×
Q3 25
0.51×
Q2 25
1.42×
1.83×
Q1 25
3.64×
Q4 24
-3.62×
Q3 24
-2.65×
3.83×
Q2 24
10.64×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CBOE
CBOE

Derivatives markets$609.3M48%
Cash and spot markets$482.2M38%
Data Vantage$181.3M14%

CBRL
CBRL

Restaurant$650.6M82%
Retail$146.6M18%

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