vs
Side-by-side financial comparison of Cboe Global Markets (CBOE) and KB HOME (KBH). Click either name above to swap in a different company.
KB HOME is the larger business by last-quarter revenue ($1.7B vs $1.3B, roughly 1.3× Cboe Global Markets). Cboe Global Markets runs the higher net margin — 30.3% vs 6.0%, a 24.3% gap on every dollar of revenue. On growth, Cboe Global Markets posted the faster year-over-year revenue change (6.5% vs -15.3%). Over the past eight quarters, Cboe Global Markets's revenue compounded faster (14.3% CAGR vs 7.4%).
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.
KB Home is an American homebuilding company founded in 1957 as Kaufman & Broad in Detroit, Michigan. It was the first company to be traded on the New York Stock Exchange as a home builder. Its headquarters are in Los Angeles, California.
CBOE vs KBH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $1.7B |
| Net Profit | $385.7M | $101.5M |
| Gross Margin | 57.3% | — |
| Operating Margin | 39.7% | — |
| Net Margin | 30.3% | 6.0% |
| Revenue YoY | 6.5% | -15.3% |
| Net Profit YoY | 53.9% | -46.7% |
| EPS (diluted) | $3.66 | $1.55 |
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 | $1.7B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.1B | $2.0B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $974.0M | $1.7B |
| Q1 26 | $385.7M | — | ||
| Q4 25 | $313.5M | $101.5M | ||
| Q3 25 | $300.8M | $109.8M | ||
| Q2 25 | $235.1M | $107.9M | ||
| Q1 25 | $250.6M | $109.6M | ||
| Q4 24 | $196.5M | $190.6M | ||
| Q3 24 | $218.5M | $157.3M | ||
| Q2 24 | $140.4M | $168.4M |
| Q1 26 | 57.3% | — | ||
| 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% | — | ||
| Q4 25 | 33.5% | — | ||
| Q3 25 | 32.4% | — | ||
| Q2 25 | 28.9% | — | ||
| Q1 25 | 29.6% | — | ||
| Q4 24 | 27.0% | — | ||
| Q3 24 | 29.1% | — | ||
| Q2 24 | 21.6% | — |
| Q1 26 | 30.3% | — | ||
| Q4 25 | 26.0% | 6.0% | ||
| Q3 25 | 26.3% | 6.8% | ||
| Q2 25 | 20.0% | 7.1% | ||
| Q1 25 | 21.0% | 7.9% | ||
| Q4 24 | 17.7% | 9.5% | ||
| Q3 24 | 20.7% | 9.0% | ||
| Q2 24 | 14.4% | 9.9% |
| Q1 26 | $3.66 | — | ||
| Q4 25 | $2.97 | $1.55 | ||
| Q3 25 | $2.85 | $1.61 | ||
| Q2 25 | $2.23 | $1.50 | ||
| Q1 25 | $2.37 | $1.49 | ||
| Q4 24 | $1.85 | $2.50 | ||
| Q3 24 | $2.07 | $2.04 | ||
| Q2 24 | $1.33 | $2.15 |
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 | — |
| Stockholders' EquityBook value | $5.4B | $3.9B |
| Total Assets | $11.1B | $6.7B |
| Debt / EquityLower = less leverage | 0.27× | — |
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 | — | ||
| Q2 24 | $698.3M | — |
| 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 | — |
| Q1 26 | $5.4B | — | ||
| Q4 25 | $5.1B | $3.9B | ||
| Q3 25 | $4.9B | $3.9B | ||
| Q2 25 | $4.7B | $4.0B | ||
| Q1 25 | $4.5B | $4.1B | ||
| Q4 24 | $4.3B | $4.1B | ||
| Q3 24 | $4.2B | $4.0B | ||
| Q2 24 | $4.0B | $4.0B |
| Q1 26 | $11.1B | — | ||
| Q4 25 | $9.3B | $6.7B | ||
| Q3 25 | $9.1B | $7.0B | ||
| Q2 25 | $9.0B | $7.0B | ||
| Q1 25 | $8.7B | $7.0B | ||
| Q4 24 | $7.8B | $6.9B | ||
| Q3 24 | $8.7B | $6.8B | ||
| Q2 24 | $9.3B | $6.8B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $303.8M |
| Free Cash FlowOCF − Capex | — | $290.1M |
| FCF MarginFCF / Revenue | — | 17.1% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | — | 2.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | $287.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $352.1M | $303.8M | ||
| Q3 25 | $153.9M | $197.7M | ||
| Q2 25 | $333.7M | $168.4M | ||
| Q1 25 | $912.9M | $-334.3M | ||
| Q4 24 | $-710.4M | $362.6M | ||
| Q3 24 | $-578.5M | $-89.9M | ||
| Q2 24 | $1.5B | $61.5M |
| Q1 26 | — | — | ||
| Q4 25 | $332.1M | $290.1M | ||
| Q3 25 | $137.9M | $185.8M | ||
| Q2 25 | $313.4M | $156.9M | ||
| Q1 25 | $898.2M | $-345.5M | ||
| Q4 24 | $-734.2M | $352.6M | ||
| Q3 24 | $-590.5M | $-99.4M | ||
| Q2 24 | $1.5B | $51.2M |
| Q1 26 | — | — | ||
| Q4 25 | 27.6% | 17.1% | ||
| Q3 25 | 12.1% | 11.5% | ||
| Q2 25 | 26.7% | 10.3% | ||
| Q1 25 | 75.2% | -24.8% | ||
| Q4 24 | -66.3% | 17.6% | ||
| Q3 24 | -55.9% | -5.7% | ||
| Q2 24 | 151.6% | 3.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 0.8% | ||
| Q3 25 | 1.4% | 0.7% | ||
| Q2 25 | 1.7% | 0.8% | ||
| Q1 25 | 1.2% | 0.8% | ||
| Q4 24 | 2.1% | 0.5% | ||
| Q3 24 | 1.1% | 0.5% | ||
| Q2 24 | 1.8% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.12× | 2.99× | ||
| Q3 25 | 0.51× | 1.80× | ||
| Q2 25 | 1.42× | 1.56× | ||
| Q1 25 | 3.64× | -3.05× | ||
| Q4 24 | -3.62× | 1.90× | ||
| Q3 24 | -2.65× | -0.57× | ||
| Q2 24 | 10.64× | 0.37× |
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% |
KBH
| Home Building | $1.7B | 99% |
| Financial Service | $8.7M | 1% |
