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

Hasbro is the larger business by last-quarter revenue ($1.4B vs $1.3B, roughly 1.1× Cboe Global Markets). Cboe Global Markets runs the higher net margin — 30.3% vs 13.9%, a 16.4% gap on every dollar of revenue. On growth, Hasbro posted the faster year-over-year revenue change (31.3% vs 6.5%). Over the past eight quarters, Hasbro's revenue compounded faster (38.2% 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.

Hasbro, Inc. is an American multinational toy manufacturing and entertainment holding company founded on December 6, 1923 by Henry, Hillel and Herman Hassenfeld and is incorporated and headquartered in Pawtucket, Rhode Island. Hasbro owns the trademarks and products of Kenner, Milton Bradley, Parker Brothers, and Wizards of the Coast, among others. As of August 2020, over 81.5% of its shares were held by large financial institutions.

CBOE vs HAS — Head-to-Head

Bigger by revenue
HAS
HAS
1.1× larger
HAS
$1.4B
$1.3B
CBOE
Growing faster (revenue YoY)
HAS
HAS
+24.7% gap
HAS
31.3%
6.5%
CBOE
Higher net margin
CBOE
CBOE
16.4% more per $
CBOE
30.3%
13.9%
HAS
Faster 2-yr revenue CAGR
HAS
HAS
Annualised
HAS
38.2%
14.3%
CBOE

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CBOE
CBOE
HAS
HAS
Revenue
$1.3B
$1.4B
Net Profit
$385.7M
$201.6M
Gross Margin
57.3%
68.7%
Operating Margin
39.7%
20.6%
Net Margin
30.3%
13.9%
Revenue YoY
6.5%
31.3%
Net Profit YoY
53.9%
687.8%
EPS (diluted)
$3.66
$1.46

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
HAS
HAS
Q1 26
$1.3B
Q4 25
$1.2B
$1.4B
Q3 25
$1.1B
$1.4B
Q2 25
$1.2B
$980.8M
Q1 25
$1.2B
$887.1M
Q4 24
$1.1B
$1.1B
Q3 24
$1.1B
$1.3B
Q2 24
$974.0M
$995.3M
Net Profit
CBOE
CBOE
HAS
HAS
Q1 26
$385.7M
Q4 25
$313.5M
$201.6M
Q3 25
$300.8M
$233.2M
Q2 25
$235.1M
$-855.8M
Q1 25
$250.6M
$98.6M
Q4 24
$196.5M
$-34.3M
Q3 24
$218.5M
$223.2M
Q2 24
$140.4M
$138.5M
Gross Margin
CBOE
CBOE
HAS
HAS
Q1 26
57.3%
Q4 25
55.7%
68.7%
Q3 25
53.0%
70.1%
Q2 25
50.0%
77.0%
Q1 25
47.3%
76.9%
Q4 24
47.4%
67.4%
Q3 24
50.4%
70.4%
Q2 24
52.8%
76.1%
Operating Margin
CBOE
CBOE
HAS
HAS
Q1 26
39.7%
Q4 25
33.5%
20.6%
Q3 25
32.4%
24.6%
Q2 25
28.9%
-81.4%
Q1 25
29.6%
19.2%
Q4 24
27.0%
5.4%
Q3 24
29.1%
23.6%
Q2 24
21.6%
21.3%
Net Margin
CBOE
CBOE
HAS
HAS
Q1 26
30.3%
Q4 25
26.0%
13.9%
Q3 25
26.3%
16.8%
Q2 25
20.0%
-87.3%
Q1 25
21.0%
11.1%
Q4 24
17.7%
-3.1%
Q3 24
20.7%
17.4%
Q2 24
14.4%
13.9%
EPS (diluted)
CBOE
CBOE
HAS
HAS
Q1 26
$3.66
Q4 25
$2.97
$1.46
Q3 25
$2.85
$1.64
Q2 25
$2.23
$-6.10
Q1 25
$2.37
$0.70
Q4 24
$1.85
$-0.25
Q3 24
$2.07
$1.59
Q2 24
$1.33
$0.99

Balance Sheet & Financial Strength

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

Metric
CBOE
CBOE
HAS
HAS
Cash + ST InvestmentsLiquidity on hand
$2.1B
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$5.4B
$565.5M
Total Assets
$11.1B
$5.6B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBOE
CBOE
HAS
HAS
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
Q2 24
$698.3M
Total Debt
CBOE
CBOE
HAS
HAS
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
HAS
HAS
Q1 26
$5.4B
Q4 25
$5.1B
$565.5M
Q3 25
$4.9B
$433.8M
Q2 25
$4.7B
$269.7M
Q1 25
$4.5B
$1.2B
Q4 24
$4.3B
$1.2B
Q3 24
$4.2B
$1.3B
Q2 24
$4.0B
$1.2B
Total Assets
CBOE
CBOE
HAS
HAS
Q1 26
$11.1B
Q4 25
$9.3B
$5.6B
Q3 25
$9.1B
$5.5B
Q2 25
$9.0B
$5.2B
Q1 25
$8.7B
$6.0B
Q4 24
$7.8B
$6.3B
Q3 24
$8.7B
$7.2B
Q2 24
$9.3B
$6.9B
Debt / Equity
CBOE
CBOE
HAS
HAS
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
HAS
HAS
Operating Cash FlowLast quarter
$403.2M
Free Cash FlowOCF − Capex
$389.5M
FCF MarginFCF / Revenue
26.9%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
2.00×
TTM Free Cash FlowTrailing 4 quarters
$829.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBOE
CBOE
HAS
HAS
Q1 26
Q4 25
$352.1M
$403.2M
Q3 25
$153.9M
$280.6M
Q2 25
$333.7M
$71.3M
Q1 25
$912.9M
$138.1M
Q4 24
$-710.4M
$259.8M
Q3 24
$-578.5M
$222.5M
Q2 24
$1.5B
$187.3M
Free Cash Flow
CBOE
CBOE
HAS
HAS
Q1 26
Q4 25
$332.1M
$389.5M
Q3 25
$137.9M
$260.9M
Q2 25
$313.4M
$55.2M
Q1 25
$898.2M
$124.3M
Q4 24
$-734.2M
$200.8M
Q3 24
$-590.5M
$174.0M
Q2 24
$1.5B
$135.4M
FCF Margin
CBOE
CBOE
HAS
HAS
Q1 26
Q4 25
27.6%
26.9%
Q3 25
12.1%
18.8%
Q2 25
26.7%
5.6%
Q1 25
75.2%
14.0%
Q4 24
-66.3%
18.2%
Q3 24
-55.9%
13.6%
Q2 24
151.6%
13.6%
Capex Intensity
CBOE
CBOE
HAS
HAS
Q1 26
Q4 25
1.7%
0.9%
Q3 25
1.4%
1.4%
Q2 25
1.7%
1.6%
Q1 25
1.2%
1.6%
Q4 24
2.1%
5.4%
Q3 24
1.1%
3.8%
Q2 24
1.8%
5.2%
Cash Conversion
CBOE
CBOE
HAS
HAS
Q1 26
Q4 25
1.12×
2.00×
Q3 25
0.51×
1.20×
Q2 25
1.42×
Q1 25
3.64×
1.40×
Q4 24
-3.62×
Q3 24
-2.65×
1.00×
Q2 24
10.64×
1.35×

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%

HAS
HAS

Grow Brands$1.1B75%
Optimize Brands$188.7M13%
Digital And Licensing Gaming$135.7M9%
Class Of Principal Product Family Brands$13.1M1%
Filmand TV$2.4M0%

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