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Side-by-side financial comparison of Cboe Global Markets (CBOE) and Everus Construction Group, Inc. (ECG). Click either name above to swap in a different company.
Cboe Global Markets is the larger business by last-quarter revenue ($1.3B vs $1.0B, roughly 1.3× Everus Construction Group, Inc.). Cboe Global Markets runs the higher net margin — 30.3% vs 5.5%, a 24.8% gap on every dollar of revenue. On growth, Everus Construction Group, Inc. posted the faster year-over-year revenue change (33.2% vs 6.5%). Over the past eight quarters, Everus Construction Group, Inc.'s revenue compounded faster (27.1% CAGR vs 14.3%).
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.
CBOE vs ECG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.0B |
| Net Profit | $385.7M | $55.3M |
| Gross Margin | 57.3% | 11.6% |
| Operating Margin | 39.7% | 6.8% |
| Net Margin | 30.3% | 5.5% |
| Revenue YoY | 6.5% | 33.2% |
| Net Profit YoY | 53.9% | 60.4% |
| EPS (diluted) | $3.66 | $1.09 |
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 | $1.0B | ||
| Q3 25 | $1.1B | $986.8M | ||
| Q2 25 | $1.2B | $921.5M | ||
| Q1 25 | $1.2B | $826.6M | ||
| Q4 24 | $1.1B | $759.6M | ||
| Q3 24 | $1.1B | $761.0M | ||
| Q2 24 | $974.0M | $703.4M |
| Q1 26 | $385.7M | — | ||
| Q4 25 | $313.5M | $55.3M | ||
| Q3 25 | $300.8M | $57.0M | ||
| Q2 25 | $235.1M | $52.8M | ||
| Q1 25 | $250.6M | $36.7M | ||
| Q4 24 | $196.5M | $34.5M | ||
| Q3 24 | $218.5M | $41.8M | ||
| Q2 24 | $140.4M | $39.0M |
| Q1 26 | 57.3% | — | ||
| Q4 25 | 55.7% | 11.6% | ||
| Q3 25 | 53.0% | 12.6% | ||
| Q2 25 | 50.0% | 13.0% | ||
| Q1 25 | 47.3% | 11.2% | ||
| Q4 24 | 47.4% | 11.4% | ||
| Q3 24 | 50.4% | 11.8% | ||
| Q2 24 | 52.8% | 12.6% |
| Q1 26 | 39.7% | — | ||
| Q4 25 | 33.5% | 6.8% | ||
| Q3 25 | 32.4% | 7.3% | ||
| Q2 25 | 28.9% | 7.9% | ||
| Q1 25 | 29.6% | 6.2% | ||
| Q4 24 | 27.0% | 6.1% | ||
| Q3 24 | 29.1% | 7.1% | ||
| Q2 24 | 21.6% | 7.3% |
| Q1 26 | 30.3% | — | ||
| Q4 25 | 26.0% | 5.5% | ||
| Q3 25 | 26.3% | 5.8% | ||
| Q2 25 | 20.0% | 5.7% | ||
| Q1 25 | 21.0% | 4.4% | ||
| Q4 24 | 17.7% | 4.5% | ||
| Q3 24 | 20.7% | 5.5% | ||
| Q2 24 | 14.4% | 5.5% |
| Q1 26 | $3.66 | — | ||
| Q4 25 | $2.97 | $1.09 | ||
| Q3 25 | $2.85 | $1.11 | ||
| Q2 25 | $2.23 | $1.03 | ||
| Q1 25 | $2.37 | $0.72 | ||
| Q4 24 | $1.85 | $0.68 | ||
| Q3 24 | $2.07 | $0.82 | ||
| Q2 24 | $1.33 | $0.76 |
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 | — |
| Total DebtLower is stronger | $1.4B | $281.5M |
| Stockholders' EquityBook value | $5.4B | $629.8M |
| Total Assets | $11.1B | $1.7B |
| Debt / EquityLower = less leverage | 0.27× | 0.45× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.5B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $763.2M | $553.0K | ||
| Q2 24 | $698.3M | — |
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $281.5M | ||
| Q3 25 | $1.4B | $285.1M | ||
| Q2 25 | $1.4B | $288.6M | ||
| Q1 25 | $1.4B | $292.1M | ||
| Q4 24 | $1.4B | $295.6M | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.1B | $629.8M | ||
| Q3 25 | $4.9B | $573.0M | ||
| Q2 25 | $4.7B | $514.4M | ||
| Q1 25 | $4.5B | $460.2M | ||
| Q4 24 | $4.3B | $422.6M | ||
| Q3 24 | $4.2B | $453.3M | ||
| Q2 24 | $4.0B | $490.0M |
| Q1 26 | $11.1B | — | ||
| Q4 25 | $9.3B | $1.7B | ||
| Q3 25 | $9.1B | $1.6B | ||
| Q2 25 | $9.0B | $1.5B | ||
| Q1 25 | $8.7B | $1.4B | ||
| Q4 24 | $7.8B | $1.3B | ||
| Q3 24 | $8.7B | $1.3B | ||
| Q2 24 | $9.3B | — |
| Q1 26 | 0.27× | — | ||
| Q4 25 | 0.28× | 0.45× | ||
| Q3 25 | 0.30× | 0.50× | ||
| Q2 25 | 0.31× | 0.56× | ||
| Q1 25 | 0.32× | 0.63× | ||
| Q4 24 | 0.34× | 0.70× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $48.2M |
| Free Cash FlowOCF − Capex | — | $23.5M |
| FCF MarginFCF / Revenue | — | 2.3% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | — | 0.87× |
| TTM Free Cash FlowTrailing 4 quarters | — | $90.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $352.1M | $48.2M | ||
| Q3 25 | $153.9M | $76.2M | ||
| Q2 25 | $333.7M | $25.3M | ||
| Q1 25 | $912.9M | $7.1M | ||
| Q4 24 | $-710.4M | — | ||
| Q3 24 | $-578.5M | $78.9M | ||
| Q2 24 | $1.5B | — |
| Q1 26 | — | — | ||
| Q4 25 | $332.1M | $23.5M | ||
| Q3 25 | $137.9M | $65.7M | ||
| Q2 25 | $313.4M | $12.3M | ||
| Q1 25 | $898.2M | $-11.4M | ||
| Q4 24 | $-734.2M | — | ||
| Q3 24 | $-590.5M | $60.9M | ||
| Q2 24 | $1.5B | — |
| Q1 26 | — | — | ||
| Q4 25 | 27.6% | 2.3% | ||
| Q3 25 | 12.1% | 6.7% | ||
| Q2 25 | 26.7% | 1.3% | ||
| Q1 25 | 75.2% | -1.4% | ||
| Q4 24 | -66.3% | — | ||
| Q3 24 | -55.9% | 8.0% | ||
| Q2 24 | 151.6% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 2.4% | ||
| Q3 25 | 1.4% | 1.1% | ||
| Q2 25 | 1.7% | 1.4% | ||
| Q1 25 | 1.2% | 2.2% | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 1.1% | 2.4% | ||
| Q2 24 | 1.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.12× | 0.87× | ||
| Q3 25 | 0.51× | 1.34× | ||
| Q2 25 | 1.42× | 0.48× | ||
| Q1 25 | 3.64× | 0.19× | ||
| Q4 24 | -3.62× | — | ||
| Q3 24 | -2.65× | 1.89× | ||
| Q2 24 | 10.64× | — |
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% |
ECG
| Commercial | $594.5M | 59% |
| Utility | $203.5M | 20% |
| Industrial | $82.8M | 8% |
| Institutional | $66.1M | 7% |
| Service And Other | $28.4M | 3% |
| Transportation | $24.2M | 2% |
| Renewables | $19.8M | 2% |
