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Side-by-side financial comparison of Cboe Global Markets (CBOE) and Host Hotels & Resorts (HST). Click either name above to swap in a different company.
Host Hotels & Resorts is the larger business by last-quarter revenue ($1.6B vs $1.3B, roughly 1.3× Cboe Global Markets). Host Hotels & Resorts runs the higher net margin — 30.5% vs 30.3%, a 0.2% gap on every dollar of revenue. On growth, Host Hotels & Resorts posted the faster year-over-year revenue change (11.6% vs 6.5%). Over the past eight quarters, Cboe Global Markets's revenue compounded faster (14.3% CAGR vs 5.9%).
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.
Host Hotels & Resorts, Inc., based in Bethesda, Maryland, is an American real estate investment trust that invests in hotels. As of December 31, 2024, the company owned 81 upscale hotels containing about 43,400 rooms in the United States, Brazil, and Canada.
CBOE vs HST — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.6B |
| Net Profit | $385.7M | $501.0M |
| Gross Margin | 57.3% | 98.7% |
| Operating Margin | 39.7% | 19.4% |
| Net Margin | 30.3% | 30.5% |
| Revenue YoY | 6.5% | 11.6% |
| Net Profit YoY | 53.9% | 99.2% |
| EPS (diluted) | $3.66 | $0.72 |
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 | $1.6B | ||
| Q4 25 | $1.2B | $1.6B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.2B | $1.6B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $974.0M | $1.5B |
| Q1 26 | $385.7M | $501.0M | ||
| Q4 25 | $313.5M | $135.0M | ||
| Q3 25 | $300.8M | $161.0M | ||
| Q2 25 | $235.1M | $221.0M | ||
| Q1 25 | $250.6M | $248.0M | ||
| Q4 24 | $196.5M | $108.0M | ||
| Q3 24 | $218.5M | $82.0M | ||
| Q2 24 | $140.4M | $239.0M |
| Q1 26 | 57.3% | 98.7% | ||
| Q4 25 | 55.7% | — | ||
| Q3 25 | 53.0% | — | ||
| Q2 25 | 50.0% | — | ||
| Q1 25 | 47.3% | — | ||
| Q4 24 | 47.4% | — | ||
| Q3 24 | 50.4% | — | ||
| Q2 24 | 52.8% | — |
| Q1 26 | 39.7% | 19.4% | ||
| Q4 25 | 33.5% | 12.0% | ||
| Q3 25 | 32.4% | 7.6% | ||
| Q2 25 | 28.9% | 17.5% | ||
| Q1 25 | 29.6% | 17.9% | ||
| Q4 24 | 27.0% | 11.0% | ||
| Q3 24 | 29.1% | 10.2% | ||
| Q2 24 | 21.6% | 19.9% |
| Q1 26 | 30.3% | 30.5% | ||
| Q4 25 | 26.0% | 8.4% | ||
| Q3 25 | 26.3% | 12.1% | ||
| Q2 25 | 20.0% | 13.9% | ||
| Q1 25 | 21.0% | 15.6% | ||
| Q4 24 | 17.7% | 7.6% | ||
| Q3 24 | 20.7% | 6.2% | ||
| Q2 24 | 14.4% | 16.3% |
| Q1 26 | $3.66 | $0.72 | ||
| Q4 25 | $2.97 | $0.20 | ||
| Q3 25 | $2.85 | $0.23 | ||
| Q2 25 | $2.23 | $0.32 | ||
| Q1 25 | $2.37 | $0.35 | ||
| Q4 24 | $1.85 | $0.15 | ||
| Q3 24 | $2.07 | $0.12 | ||
| Q2 24 | $1.33 | $0.34 |
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 | $1.7B |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $5.4B | $6.8B |
| Total Assets | $11.1B | $13.2B |
| Debt / EquityLower = less leverage | 0.27× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.1B | $1.7B | ||
| Q4 25 | $2.3B | $768.0M | ||
| Q3 25 | $1.5B | $539.0M | ||
| Q2 25 | $1.5B | $490.0M | ||
| Q1 25 | $1.2B | $428.0M | ||
| Q4 24 | $1.0B | $554.0M | ||
| Q3 24 | $763.2M | $564.0M | ||
| Q2 24 | $698.3M | $805.0M |
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $1.3B | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $896.0M | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — |
| Q1 26 | $5.4B | $6.8B | ||
| Q4 25 | $5.1B | $6.6B | ||
| Q3 25 | $4.9B | $6.7B | ||
| Q2 25 | $4.7B | $6.6B | ||
| Q1 25 | $4.5B | $6.7B | ||
| Q4 24 | $4.3B | $6.6B | ||
| Q3 24 | $4.2B | $6.7B | ||
| Q2 24 | $4.0B | $6.8B |
| Q1 26 | $11.1B | $13.2B | ||
| Q4 25 | $9.3B | $13.0B | ||
| Q3 25 | $9.1B | $13.0B | ||
| Q2 25 | $9.0B | $13.0B | ||
| Q1 25 | $8.7B | $12.9B | ||
| Q4 24 | $7.8B | $13.0B | ||
| Q3 24 | $8.7B | $13.1B | ||
| Q2 24 | $9.3B | $12.4B |
| Q1 26 | 0.27× | — | ||
| Q4 25 | 0.28× | 0.19× | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.34× | 0.14× | ||
| Q3 24 | 0.34× | — | ||
| Q2 24 | 0.36× | — |
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% |
HST
| Room | $943.0M | 57% |
| Food and beverage | $517.0M | 31% |
| Other | $159.0M | 10% |
| Condominium sales | $26.0M | 2% |
