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Side-by-side financial comparison of Cboe Global Markets (CBOE) and DONALDSON Co INC (DCI). Click either name above to swap in a different company.
Cboe Global Markets is the larger business by last-quarter revenue ($1.3B vs $935.4M, roughly 1.4× DONALDSON Co INC). Cboe Global Markets runs the higher net margin — 30.3% vs 12.2%, a 18.1% gap on every dollar of revenue. On growth, Cboe Global Markets posted the faster year-over-year revenue change (6.5% vs 3.9%). Over the past eight quarters, Cboe Global Markets's revenue compounded faster (14.3% CAGR vs 3.3%).
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.
Donaldson Company, Inc. is a filtration company engaged in the production and marketing of filtration products used in a variety of industry sectors, including commercial/industrial, aerospace, chemical, alternative energy (windmills), food & beverage, and pharmaceuticals. Also the company's research division, located in Minneapolis, Minn., participated in defense-related projects for various military applications.
CBOE vs DCI — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $935.4M |
| Net Profit | $385.7M | $113.9M |
| Gross Margin | 57.3% | 35.2% |
| Operating Margin | 39.7% | 16.0% |
| Net Margin | 30.3% | 12.2% |
| Revenue YoY | 6.5% | 3.9% |
| Net Profit YoY | 53.9% | 15.1% |
| EPS (diluted) | $3.66 | $0.97 |
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 | $1.3B | — | ||
| Q4 25 | $1.2B | $935.4M | ||
| Q3 25 | $1.1B | $980.7M | ||
| Q2 25 | $1.2B | $940.1M | ||
| Q1 25 | $1.2B | $870.0M | ||
| Q4 24 | $1.1B | $900.1M | ||
| Q3 24 | $1.1B | $935.4M | ||
| Q2 24 | $974.0M | $927.9M |
| Q1 26 | $385.7M | — | ||
| Q4 25 | $313.5M | $113.9M | ||
| Q3 25 | $300.8M | $114.3M | ||
| Q2 25 | $235.1M | $57.8M | ||
| Q1 25 | $250.6M | $95.9M | ||
| Q4 24 | $196.5M | $99.0M | ||
| Q3 24 | $218.5M | $109.7M | ||
| Q2 24 | $140.4M | $113.5M |
| Q1 26 | 57.3% | — | ||
| Q4 25 | 55.7% | 35.2% | ||
| Q3 25 | 53.0% | 34.5% | ||
| Q2 25 | 50.0% | 34.2% | ||
| Q1 25 | 47.3% | 35.2% | ||
| Q4 24 | 47.4% | 35.5% | ||
| Q3 24 | 50.4% | 35.8% | ||
| Q2 24 | 52.8% | 35.6% |
| Q1 26 | 39.7% | — | ||
| Q4 25 | 33.5% | 16.0% | ||
| Q3 25 | 32.4% | 15.5% | ||
| Q2 25 | 28.9% | 9.3% | ||
| Q1 25 | 29.6% | 14.4% | ||
| Q4 24 | 27.0% | 14.5% | ||
| Q3 24 | 29.1% | 15.6% | ||
| Q2 24 | 21.6% | 15.5% |
| Q1 26 | 30.3% | — | ||
| Q4 25 | 26.0% | 12.2% | ||
| Q3 25 | 26.3% | 11.7% | ||
| Q2 25 | 20.0% | 6.1% | ||
| Q1 25 | 21.0% | 11.0% | ||
| Q4 24 | 17.7% | 11.0% | ||
| Q3 24 | 20.7% | 11.7% | ||
| Q2 24 | 14.4% | 12.2% |
| Q1 26 | $3.66 | — | ||
| Q4 25 | $2.97 | $0.97 | ||
| Q3 25 | $2.85 | $0.97 | ||
| Q2 25 | $2.23 | $0.48 | ||
| Q1 25 | $2.37 | $0.79 | ||
| Q4 24 | $1.85 | $0.81 | ||
| Q3 24 | $2.07 | $0.90 | ||
| Q2 24 | $1.33 | $0.92 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.1B | $210.7M |
| Total DebtLower is stronger | $1.4B | $671.5M |
| Stockholders' EquityBook value | $5.4B | $1.5B |
| Total Assets | $11.1B | $3.0B |
| Debt / EquityLower = less leverage | 0.27× | 0.44× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.3B | $210.7M | ||
| Q3 25 | $1.5B | $180.4M | ||
| Q2 25 | $1.5B | $178.5M | ||
| Q1 25 | $1.2B | $189.1M | ||
| Q4 24 | $1.0B | $221.2M | ||
| Q3 24 | $763.2M | $232.7M | ||
| Q2 24 | $698.3M | $223.7M |
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $671.5M | ||
| Q3 25 | $1.4B | $630.4M | ||
| Q2 25 | $1.4B | $638.8M | ||
| Q1 25 | $1.4B | $514.7M | ||
| Q4 24 | $1.4B | $538.6M | ||
| Q3 24 | $1.4B | $483.4M | ||
| Q2 24 | $1.4B | $481.8M |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.1B | $1.5B | ||
| Q3 25 | $4.9B | $1.5B | ||
| Q2 25 | $4.7B | $1.5B | ||
| Q1 25 | $4.5B | $1.5B | ||
| Q4 24 | $4.3B | $1.5B | ||
| Q3 24 | $4.2B | $1.5B | ||
| Q2 24 | $4.0B | $1.5B |
| Q1 26 | $11.1B | — | ||
| Q4 25 | $9.3B | $3.0B | ||
| Q3 25 | $9.1B | $3.0B | ||
| Q2 25 | $9.0B | $3.0B | ||
| Q1 25 | $8.7B | $3.0B | ||
| Q4 24 | $7.8B | $3.0B | ||
| Q3 24 | $8.7B | $2.9B | ||
| Q2 24 | $9.3B | $2.9B |
| Q1 26 | 0.27× | — | ||
| Q4 25 | 0.28× | 0.44× | ||
| Q3 25 | 0.30× | 0.43× | ||
| Q2 25 | 0.31× | 0.44× | ||
| Q1 25 | 0.32× | 0.33× | ||
| Q4 24 | 0.34× | 0.35× | ||
| Q3 24 | 0.34× | 0.32× | ||
| Q2 24 | 0.36× | 0.32× |
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 | — | $125.4M |
| Free Cash FlowOCF − Capex | — | $111.2M |
| FCF MarginFCF / Revenue | — | 11.9% |
| Capex IntensityCapex / Revenue | — | 1.5% |
| Cash ConversionOCF / Net Profit | — | 1.10× |
| TTM Free Cash FlowTrailing 4 quarters | — | $403.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $352.1M | $125.4M | ||
| Q3 25 | $153.9M | $167.8M | ||
| Q2 25 | $333.7M | $87.7M | ||
| Q1 25 | $912.9M | $90.4M | ||
| Q4 24 | $-710.4M | $72.9M | ||
| Q3 24 | $-578.5M | $126.0M | ||
| Q2 24 | $1.5B | $141.5M |
| Q1 26 | — | — | ||
| Q4 25 | $332.1M | $111.2M | ||
| Q3 25 | $137.9M | $147.5M | ||
| Q2 25 | $313.4M | $73.0M | ||
| Q1 25 | $898.2M | $71.5M | ||
| Q4 24 | $-734.2M | $47.9M | ||
| Q3 24 | $-590.5M | $106.2M | ||
| Q2 24 | $1.5B | $120.2M |
| Q1 26 | — | — | ||
| Q4 25 | 27.6% | 11.9% | ||
| Q3 25 | 12.1% | 15.0% | ||
| Q2 25 | 26.7% | 7.8% | ||
| Q1 25 | 75.2% | 8.2% | ||
| Q4 24 | -66.3% | 5.3% | ||
| Q3 24 | -55.9% | 11.4% | ||
| Q2 24 | 151.6% | 13.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 1.5% | ||
| Q3 25 | 1.4% | 2.1% | ||
| Q2 25 | 1.7% | 1.6% | ||
| Q1 25 | 1.2% | 2.2% | ||
| Q4 24 | 2.1% | 2.8% | ||
| Q3 24 | 1.1% | 2.1% | ||
| Q2 24 | 1.8% | 2.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.12× | 1.10× | ||
| Q3 25 | 0.51× | 1.47× | ||
| Q2 25 | 1.42× | 1.52× | ||
| Q1 25 | 3.64× | 0.94× | ||
| Q4 24 | -3.62× | 0.74× | ||
| Q3 24 | -2.65× | 1.15× | ||
| Q2 24 | 10.64× | 1.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBOE
| Derivatives markets | $609.3M | 48% |
| Cash and spot markets | $482.2M | 38% |
| Data Vantage | $181.3M | 14% |
DCI
| Aftermarket Products | $447.1M | 48% |
| Industrial Filtration Solutions Products | $222.6M | 24% |
| Off Road Products | $86.5M | 9% |
| Life Sciences Segment | $80.0M | 9% |
| Other | $39.1M | 4% |
| Aerospace And Defense Products | $37.1M | 4% |
| On Road Products | $23.0M | 2% |
