vs
Side-by-side financial comparison of Cboe Global Markets (CBOE) and Installed Building Products, Inc. (IBP). Click either name above to swap in a different company.
Cboe Global Markets is the larger business by last-quarter revenue ($1.3B vs $747.5M, roughly 1.7× Installed Building Products, Inc.). Cboe Global Markets runs the higher net margin — 30.3% vs 10.2%, a 20.1% gap on every dollar of revenue. On growth, Cboe Global Markets posted the faster year-over-year revenue change (6.5% vs -0.4%). Over the past eight quarters, Cboe Global Markets's revenue compounded faster (14.3% CAGR vs 3.9%).
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.
Installed Building Products, Inc. is a leading US-based provider of professional installation services for building products. Core offerings include insulation, gutters, garage doors, fire protection systems and window treatments, serving residential new construction, repair & remodel, and commercial construction segments across most US regions.
CBOE vs IBP — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $747.5M |
| Net Profit | $385.7M | $76.6M |
| Gross Margin | 57.3% | 35.0% |
| Operating Margin | 39.7% | 14.6% |
| Net Margin | 30.3% | 10.2% |
| Revenue YoY | 6.5% | -0.4% |
| Net Profit YoY | 53.9% | 14.5% |
| EPS (diluted) | $3.66 | $2.81 |
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 | $747.5M | ||
| Q3 25 | $1.1B | $778.2M | ||
| Q2 25 | $1.2B | $760.3M | ||
| Q1 25 | $1.2B | $684.8M | ||
| Q4 24 | $1.1B | $750.2M | ||
| Q3 24 | $1.1B | $760.6M | ||
| Q2 24 | $974.0M | $737.6M |
| Q1 26 | $385.7M | — | ||
| Q4 25 | $313.5M | $76.6M | ||
| Q3 25 | $300.8M | $74.4M | ||
| Q2 25 | $235.1M | $69.0M | ||
| Q1 25 | $250.6M | $45.4M | ||
| Q4 24 | $196.5M | $66.9M | ||
| Q3 24 | $218.5M | $68.6M | ||
| Q2 24 | $140.4M | $65.2M |
| Q1 26 | 57.3% | — | ||
| Q4 25 | 55.7% | 35.0% | ||
| Q3 25 | 53.0% | 34.0% | ||
| Q2 25 | 50.0% | 34.2% | ||
| Q1 25 | 47.3% | 32.7% | ||
| Q4 24 | 47.4% | 33.6% | ||
| Q3 24 | 50.4% | 33.8% | ||
| Q2 24 | 52.8% | 34.1% |
| Q1 26 | 39.7% | — | ||
| Q4 25 | 33.5% | 14.6% | ||
| Q3 25 | 32.4% | 13.7% | ||
| Q2 25 | 28.9% | 13.3% | ||
| Q1 25 | 29.6% | 10.2% | ||
| Q4 24 | 27.0% | 13.1% | ||
| Q3 24 | 29.1% | 13.3% | ||
| Q2 24 | 21.6% | 12.9% |
| Q1 26 | 30.3% | — | ||
| Q4 25 | 26.0% | 10.2% | ||
| Q3 25 | 26.3% | 9.6% | ||
| Q2 25 | 20.0% | 9.1% | ||
| Q1 25 | 21.0% | 6.6% | ||
| Q4 24 | 17.7% | 8.9% | ||
| Q3 24 | 20.7% | 9.0% | ||
| Q2 24 | 14.4% | 8.8% |
| Q1 26 | $3.66 | — | ||
| Q4 25 | $2.97 | $2.81 | ||
| Q3 25 | $2.85 | $2.74 | ||
| Q2 25 | $2.23 | $2.52 | ||
| Q1 25 | $2.37 | $1.64 | ||
| Q4 24 | $1.85 | $2.39 | ||
| Q3 24 | $2.07 | $2.44 | ||
| Q2 24 | $1.33 | $2.30 |
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 | $321.9M |
| Total DebtLower is stronger | $1.4B | $886.6M |
| Stockholders' EquityBook value | $5.4B | $709.9M |
| Total Assets | $11.1B | $2.1B |
| Debt / EquityLower = less leverage | 0.27× | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.3B | $321.9M | ||
| Q3 25 | $1.5B | $333.3M | ||
| Q2 25 | $1.5B | $305.2M | ||
| Q1 25 | $1.2B | $298.7M | ||
| Q4 24 | $1.0B | $327.6M | ||
| Q3 24 | $763.2M | $406.2M | ||
| Q2 24 | $698.3M | $380.3M |
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | $886.6M | ||
| Q3 25 | $1.4B | $880.8M | ||
| Q2 25 | $1.4B | $876.1M | ||
| Q1 25 | $1.4B | $872.4M | ||
| Q4 24 | $1.4B | $874.8M | ||
| Q3 24 | $1.4B | $872.3M | ||
| Q2 24 | $1.4B | $875.8M |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.1B | $709.9M | ||
| Q3 25 | $4.9B | $678.6M | ||
| Q2 25 | $4.7B | $664.5M | ||
| Q1 25 | $4.5B | $660.9M | ||
| Q4 24 | $4.3B | $705.3M | ||
| Q3 24 | $4.2B | $716.4M | ||
| Q2 24 | $4.0B | $685.3M |
| Q1 26 | $11.1B | — | ||
| Q4 25 | $9.3B | $2.1B | ||
| Q3 25 | $9.1B | $2.1B | ||
| Q2 25 | $9.0B | $2.0B | ||
| Q1 25 | $8.7B | $2.0B | ||
| Q4 24 | $7.8B | $2.1B | ||
| Q3 24 | $8.7B | $2.1B | ||
| Q2 24 | $9.3B | $2.0B |
| Q1 26 | 0.27× | — | ||
| Q4 25 | 0.28× | 1.25× | ||
| Q3 25 | 0.30× | 1.30× | ||
| Q2 25 | 0.31× | 1.32× | ||
| Q1 25 | 0.32× | 1.32× | ||
| Q4 24 | 0.34× | 1.24× | ||
| Q3 24 | 0.34× | 1.22× | ||
| Q2 24 | 0.36× | 1.28× |
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 | — | $64.9M |
| Free Cash FlowOCF − Capex | — | $49.3M |
| FCF MarginFCF / Revenue | — | 6.6% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | 0.85× |
| TTM Free Cash FlowTrailing 4 quarters | — | $300.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $352.1M | $64.9M | ||
| Q3 25 | $153.9M | $124.0M | ||
| Q2 25 | $333.7M | $90.4M | ||
| Q1 25 | $912.9M | $92.1M | ||
| Q4 24 | $-710.4M | $74.8M | ||
| Q3 24 | $-578.5M | $101.4M | ||
| Q2 24 | $1.5B | $79.0M |
| Q1 26 | — | — | ||
| Q4 25 | $332.1M | $49.3M | ||
| Q3 25 | $137.9M | $104.8M | ||
| Q2 25 | $313.4M | $74.8M | ||
| Q1 25 | $898.2M | $71.9M | ||
| Q4 24 | $-734.2M | $52.9M | ||
| Q3 24 | $-590.5M | $77.3M | ||
| Q2 24 | $1.5B | $58.2M |
| Q1 26 | — | — | ||
| Q4 25 | 27.6% | 6.6% | ||
| Q3 25 | 12.1% | 13.5% | ||
| Q2 25 | 26.7% | 9.8% | ||
| Q1 25 | 75.2% | 10.5% | ||
| Q4 24 | -66.3% | 7.1% | ||
| Q3 24 | -55.9% | 10.2% | ||
| Q2 24 | 151.6% | 7.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 2.1% | ||
| Q3 25 | 1.4% | 2.5% | ||
| Q2 25 | 1.7% | 2.1% | ||
| Q1 25 | 1.2% | 2.9% | ||
| Q4 24 | 2.1% | 2.9% | ||
| Q3 24 | 1.1% | 3.2% | ||
| Q2 24 | 1.8% | 2.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.12× | 0.85× | ||
| Q3 25 | 0.51× | 1.67× | ||
| Q2 25 | 1.42× | 1.31× | ||
| Q1 25 | 3.64× | 2.03× | ||
| Q4 24 | -3.62× | 1.12× | ||
| Q3 24 | -2.65× | 1.48× | ||
| Q2 24 | 10.64× | 1.21× |
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% |
IBP
| Residential New Construction | $488.6M | 65% |
| Other Customer Installation | $67.8M | 9% |
| Shower Doors Shelving And Mirrors | $53.5M | 7% |
| Other Building Products | $47.7M | 6% |
| Fireproofing And Firestopping | $37.6M | 5% |
| Rain Gutters | $31.3M | 4% |
| Window Blinds | $18.0M | 2% |
| Related Party | $6.7M | 1% |
