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Side-by-side financial comparison of Cboe Global Markets (CBOE) and Dole plc (DOLE). Click either name above to swap in a different company.

Dole plc is the larger business by last-quarter revenue ($2.3B vs $1.2B, roughly 1.9× Cboe Global Markets). Cboe Global Markets runs the higher net margin — 26.0% vs 0.2%, a 25.8% gap on every dollar of revenue. On growth, Dole plc posted the faster year-over-year revenue change (10.5% vs 8.7%). Cboe Global Markets produced more free cash flow last quarter ($332.1M vs $66.5M). Over the past eight quarters, Cboe Global Markets's revenue compounded faster (12.2% CAGR vs 3.2%).

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.

Dole plc is an Irish-American agricultural multinational corporation headquartered in Dublin, Ireland. The company is among the world's largest producers of fruit and vegetables, operating with 38,500 full-time and seasonal employees who supply some 300 products in 75 countries. Dole reported 2021 revenues of $6.5 billion.

CBOE vs DOLE — Head-to-Head

Bigger by revenue
DOLE
DOLE
1.9× larger
DOLE
$2.3B
$1.2B
CBOE
Growing faster (revenue YoY)
DOLE
DOLE
+1.8% gap
DOLE
10.5%
8.7%
CBOE
Higher net margin
CBOE
CBOE
25.8% more per $
CBOE
26.0%
0.2%
DOLE
More free cash flow
CBOE
CBOE
$265.6M more FCF
CBOE
$332.1M
$66.5M
DOLE
Faster 2-yr revenue CAGR
CBOE
CBOE
Annualised
CBOE
12.2%
3.2%
DOLE

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
CBOE
CBOE
DOLE
DOLE
Revenue
$1.2B
$2.3B
Net Profit
$313.5M
$5.1M
Gross Margin
55.7%
6.8%
Operating Margin
33.5%
1.1%
Net Margin
26.0%
0.2%
Revenue YoY
8.7%
10.5%
Net Profit YoY
59.5%
-64.6%
EPS (diluted)
$2.97
$0.05

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
DOLE
DOLE
Q4 25
$1.2B
Q3 25
$1.1B
$2.3B
Q2 25
$1.2B
$2.4B
Q1 25
$1.2B
$2.1B
Q4 24
$1.1B
Q3 24
$1.1B
$2.1B
Q2 24
$974.0M
$2.1B
Q1 24
$957.2M
$2.1B
Net Profit
CBOE
CBOE
DOLE
DOLE
Q4 25
$313.5M
Q3 25
$300.8M
$5.1M
Q2 25
$235.1M
$10.0M
Q1 25
$250.6M
$38.9M
Q4 24
$196.5M
Q3 24
$218.5M
$14.4M
Q2 24
$140.4M
$80.1M
Q1 24
$209.5M
$70.1M
Gross Margin
CBOE
CBOE
DOLE
DOLE
Q4 25
55.7%
Q3 25
53.0%
6.8%
Q2 25
50.0%
9.0%
Q1 25
47.3%
8.7%
Q4 24
47.4%
Q3 24
50.4%
8.0%
Q2 24
52.8%
9.4%
Q1 24
52.5%
9.2%
Operating Margin
CBOE
CBOE
DOLE
DOLE
Q4 25
33.5%
Q3 25
32.4%
1.1%
Q2 25
28.9%
4.3%
Q1 25
29.6%
3.2%
Q4 24
27.0%
Q3 24
29.1%
2.3%
Q2 24
21.6%
4.0%
Q1 24
29.5%
5.3%
Net Margin
CBOE
CBOE
DOLE
DOLE
Q4 25
26.0%
Q3 25
26.3%
0.2%
Q2 25
20.0%
0.4%
Q1 25
21.0%
1.9%
Q4 24
17.7%
Q3 24
20.7%
0.7%
Q2 24
14.4%
3.8%
Q1 24
21.9%
3.3%
EPS (diluted)
CBOE
CBOE
DOLE
DOLE
Q4 25
$2.97
Q3 25
$2.85
$0.05
Q2 25
$2.23
$0.10
Q1 25
$2.37
$0.41
Q4 24
$1.85
Q3 24
$2.07
$0.15
Q2 24
$1.33
$0.84
Q1 24
$1.96
$0.74

Balance Sheet & Financial Strength

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

Metric
CBOE
CBOE
DOLE
DOLE
Cash + ST InvestmentsLiquidity on hand
$2.3B
$321.0M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$5.1B
$1.4B
Total Assets
$9.3B
$4.5B
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBOE
CBOE
DOLE
DOLE
Q4 25
$2.3B
Q3 25
$1.5B
$321.0M
Q2 25
$1.5B
$323.1M
Q1 25
$1.2B
$261.0M
Q4 24
$1.0B
Q3 24
$763.2M
$266.4M
Q2 24
$698.3M
$225.8M
Q1 24
$595.1M
$245.5M
Total Debt
CBOE
CBOE
DOLE
DOLE
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
Q1 24
$1.4B
Stockholders' Equity
CBOE
CBOE
DOLE
DOLE
Q4 25
$5.1B
Q3 25
$4.9B
$1.4B
Q2 25
$4.7B
$1.4B
Q1 25
$4.5B
$1.3B
Q4 24
$4.3B
Q3 24
$4.2B
$1.4B
Q2 24
$4.0B
$1.4B
Q1 24
$4.0B
$1.3B
Total Assets
CBOE
CBOE
DOLE
DOLE
Q4 25
$9.3B
Q3 25
$9.1B
$4.5B
Q2 25
$9.0B
$4.7B
Q1 25
$8.7B
$4.5B
Q4 24
$7.8B
Q3 24
$8.7B
$4.5B
Q2 24
$9.3B
$4.4B
Q1 24
$8.2B
$4.5B
Debt / Equity
CBOE
CBOE
DOLE
DOLE
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×
Q1 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
DOLE
DOLE
Operating Cash FlowLast quarter
$352.1M
$87.4M
Free Cash FlowOCF − Capex
$332.1M
$66.5M
FCF MarginFCF / Revenue
27.6%
2.9%
Capex IntensityCapex / Revenue
1.7%
0.9%
Cash ConversionOCF / Net Profit
1.12×
17.12×
TTM Free Cash FlowTrailing 4 quarters
$1.7B
$13.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBOE
CBOE
DOLE
DOLE
Q4 25
$352.1M
Q3 25
$153.9M
$87.4M
Q2 25
$333.7M
$18.3M
Q1 25
$912.9M
$-78.8M
Q4 24
$-710.4M
Q3 24
$-578.5M
$101.0M
Q2 24
$1.5B
$40.2M
Q1 24
$895.6M
$-35.0M
Free Cash Flow
CBOE
CBOE
DOLE
DOLE
Q4 25
$332.1M
Q3 25
$137.9M
$66.5M
Q2 25
$313.4M
$-1.0M
Q1 25
$898.2M
$-131.6M
Q4 24
$-734.2M
Q3 24
$-590.5M
$79.9M
Q2 24
$1.5B
$22.8M
Q1 24
$888.3M
$-53.2M
FCF Margin
CBOE
CBOE
DOLE
DOLE
Q4 25
27.6%
Q3 25
12.1%
2.9%
Q2 25
26.7%
-0.0%
Q1 25
75.2%
-6.3%
Q4 24
-66.3%
Q3 24
-55.9%
3.9%
Q2 24
151.6%
1.1%
Q1 24
92.8%
-2.5%
Capex Intensity
CBOE
CBOE
DOLE
DOLE
Q4 25
1.7%
Q3 25
1.4%
0.9%
Q2 25
1.7%
0.8%
Q1 25
1.2%
2.5%
Q4 24
2.1%
Q3 24
1.1%
1.0%
Q2 24
1.8%
0.8%
Q1 24
0.8%
0.9%
Cash Conversion
CBOE
CBOE
DOLE
DOLE
Q4 25
1.12×
Q3 25
0.51×
17.12×
Q2 25
1.42×
1.84×
Q1 25
3.64×
-2.02×
Q4 24
-3.62×
Q3 24
-2.65×
7.01×
Q2 24
10.64×
0.50×
Q1 24
4.27×
-0.50×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CBOE
CBOE

Liquidity Payments$443.6M37%
Cash And Spot Markets$431.3M36%
Transferred Over Time$84.3M7%
Market Data Fees$82.7M7%
Royalty Fees$68.9M6%
Futures$36.1M3%
Global FX$24.4M2%
Other Revenue$23.1M2%
Routing And Clearing$20.1M2%

DOLE
DOLE

Segment breakdown not available.

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