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Side-by-side financial comparison of Cboe Global Markets (CBOE) and Cooper-Standard Holdings Inc. (CPS). Click either name above to swap in a different company.

Cboe Global Markets is the larger business by last-quarter revenue ($1.3B vs $672.4M, roughly 1.9× Cooper-Standard Holdings Inc.). Cboe Global Markets runs the higher net margin — 30.3% vs 0.5%, a 29.8% gap on every dollar of revenue. On growth, Cboe Global Markets posted the faster year-over-year revenue change (6.5% vs 1.8%).

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.

Cooper Standard Automotive Inc., headquartered in Novi, Michigan, is a leading global supplier of systems and components for the automotive industry. Products include rubber and plastic sealing, fuel and brake lines, fluid transfer hoses and anti-vibration systems. Cooper Standard employs approximately 32,000 people globally and operates in 20 countries around the world. During World War II Standard Products produced 247,100 M1 Carbines, with the receiver of the carbines marked: "STD. PRO". T...

CBOE vs CPS — Head-to-Head

Bigger by revenue
CBOE
CBOE
1.9× larger
CBOE
$1.3B
$672.4M
CPS
Growing faster (revenue YoY)
CBOE
CBOE
+4.8% gap
CBOE
6.5%
1.8%
CPS
Higher net margin
CBOE
CBOE
29.8% more per $
CBOE
30.3%
0.5%
CPS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CBOE
CBOE
CPS
CPS
Revenue
$1.3B
$672.4M
Net Profit
$385.7M
$3.3M
Gross Margin
57.3%
10.4%
Operating Margin
39.7%
0.1%
Net Margin
30.3%
0.5%
Revenue YoY
6.5%
1.8%
Net Profit YoY
53.9%
-91.7%
EPS (diluted)
$3.66
$0.19

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
CPS
CPS
Q1 26
$1.3B
Q4 25
$1.2B
$672.4M
Q3 25
$1.1B
$695.5M
Q2 25
$1.2B
$706.0M
Q1 25
$1.2B
$667.1M
Q4 24
$1.1B
$660.8M
Q3 24
$1.1B
Q2 24
$974.0M
Net Profit
CBOE
CBOE
CPS
CPS
Q1 26
$385.7M
Q4 25
$313.5M
$3.3M
Q3 25
$300.8M
$-7.6M
Q2 25
$235.1M
$-1.4M
Q1 25
$250.6M
$1.6M
Q4 24
$196.5M
$40.2M
Q3 24
$218.5M
Q2 24
$140.4M
Gross Margin
CBOE
CBOE
CPS
CPS
Q1 26
57.3%
Q4 25
55.7%
10.4%
Q3 25
53.0%
12.5%
Q2 25
50.0%
13.2%
Q1 25
47.3%
11.6%
Q4 24
47.4%
12.4%
Q3 24
50.4%
Q2 24
52.8%
Operating Margin
CBOE
CBOE
CPS
CPS
Q1 26
39.7%
Q4 25
33.5%
0.1%
Q3 25
32.4%
3.8%
Q2 25
28.9%
5.3%
Q1 25
29.6%
3.3%
Q4 24
27.0%
4.8%
Q3 24
29.1%
Q2 24
21.6%
Net Margin
CBOE
CBOE
CPS
CPS
Q1 26
30.3%
Q4 25
26.0%
0.5%
Q3 25
26.3%
-1.1%
Q2 25
20.0%
-0.2%
Q1 25
21.0%
0.2%
Q4 24
17.7%
6.1%
Q3 24
20.7%
Q2 24
14.4%
EPS (diluted)
CBOE
CBOE
CPS
CPS
Q1 26
$3.66
Q4 25
$2.97
$0.19
Q3 25
$2.85
$-0.43
Q2 25
$2.23
$-0.08
Q1 25
$2.37
$0.09
Q4 24
$1.85
$2.30
Q3 24
$2.07
Q2 24
$1.33

Balance Sheet & Financial Strength

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

Metric
CBOE
CBOE
CPS
CPS
Cash + ST InvestmentsLiquidity on hand
$2.1B
$191.7M
Total DebtLower is stronger
$1.4B
$1.0B
Stockholders' EquityBook value
$5.4B
$-83.5M
Total Assets
$11.1B
$1.8B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBOE
CBOE
CPS
CPS
Q1 26
$2.1B
Q4 25
$2.3B
$191.7M
Q3 25
$1.5B
$147.6M
Q2 25
$1.5B
$121.6M
Q1 25
$1.2B
$140.4M
Q4 24
$1.0B
$170.0M
Q3 24
$763.2M
Q2 24
$698.3M
Total Debt
CBOE
CBOE
CPS
CPS
Q1 26
$1.4B
Q4 25
$1.4B
$1.0B
Q3 25
$1.4B
$1.1B
Q2 25
$1.4B
$1.1B
Q1 25
$1.4B
$1.1B
Q4 24
$1.4B
$1.1B
Q3 24
$1.4B
Q2 24
$1.4B
Stockholders' Equity
CBOE
CBOE
CPS
CPS
Q1 26
$5.4B
Q4 25
$5.1B
$-83.5M
Q3 25
$4.9B
$-102.3M
Q2 25
$4.7B
$-97.6M
Q1 25
$4.5B
$-114.7M
Q4 24
$4.3B
$-125.8M
Q3 24
$4.2B
Q2 24
$4.0B
Total Assets
CBOE
CBOE
CPS
CPS
Q1 26
$11.1B
Q4 25
$9.3B
$1.8B
Q3 25
$9.1B
$1.9B
Q2 25
$9.0B
$1.8B
Q1 25
$8.7B
$1.8B
Q4 24
$7.8B
$1.7B
Q3 24
$8.7B
Q2 24
$9.3B
Debt / Equity
CBOE
CBOE
CPS
CPS
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
CPS
CPS
Operating Cash FlowLast quarter
$56.2M
Free Cash FlowOCF − Capex
$44.6M
FCF MarginFCF / Revenue
6.6%
Capex IntensityCapex / Revenue
1.7%
Cash ConversionOCF / Net Profit
16.90×
TTM Free Cash FlowTrailing 4 quarters
$16.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBOE
CBOE
CPS
CPS
Q1 26
Q4 25
$352.1M
$56.2M
Q3 25
$153.9M
$38.6M
Q2 25
$333.7M
$-15.6M
Q1 25
$912.9M
$-14.9M
Q4 24
$-710.4M
$74.7M
Q3 24
$-578.5M
Q2 24
$1.5B
Free Cash Flow
CBOE
CBOE
CPS
CPS
Q1 26
Q4 25
$332.1M
$44.6M
Q3 25
$137.9M
$27.4M
Q2 25
$313.4M
$-23.4M
Q1 25
$898.2M
$-32.4M
Q4 24
$-734.2M
$63.2M
Q3 24
$-590.5M
Q2 24
$1.5B
FCF Margin
CBOE
CBOE
CPS
CPS
Q1 26
Q4 25
27.6%
6.6%
Q3 25
12.1%
3.9%
Q2 25
26.7%
-3.3%
Q1 25
75.2%
-4.9%
Q4 24
-66.3%
9.6%
Q3 24
-55.9%
Q2 24
151.6%
Capex Intensity
CBOE
CBOE
CPS
CPS
Q1 26
Q4 25
1.7%
1.7%
Q3 25
1.4%
1.6%
Q2 25
1.7%
1.1%
Q1 25
1.2%
2.6%
Q4 24
2.1%
1.7%
Q3 24
1.1%
Q2 24
1.8%
Cash Conversion
CBOE
CBOE
CPS
CPS
Q1 26
Q4 25
1.12×
16.90×
Q3 25
0.51×
Q2 25
1.42×
Q1 25
3.64×
-9.57×
Q4 24
-3.62×
1.86×
Q3 24
-2.65×
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%

CPS
CPS

Sealing Systems$357.8M53%
Fluid Handling Systems$297.1M44%
Corporate And Other Segment$17.4M3%
Commercial$6.6M1%

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