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Side-by-side financial comparison of Cboe Global Markets (CBOE) and Life Time Group Holdings, Inc. (LTH). Click either name above to swap in a different company.
Cboe Global Markets is the larger business by last-quarter revenue ($1.3B vs $788.7M, roughly 1.6× Life Time Group Holdings, Inc.). Cboe Global Markets runs the higher net margin — 30.3% vs 11.2%, a 19.1% gap on every dollar of revenue. On growth, Life Time Group Holdings, Inc. posted the faster year-over-year revenue change (11.7% vs 6.5%). Over the past eight quarters, Cboe Global Markets's revenue compounded faster (14.3% CAGR vs 8.7%).
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.
Life Time Group Holdings, Inc. operates a network of premium athletic, fitness and wellness destinations across the United States. It offers diverse services including state-of-the-art gym facilities, group exercise classes, personal training, spa treatments, nutrition coaching, youth programs and co-working spaces for consumers pursuing holistic healthy lifestyles.
CBOE vs LTH — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $788.7M |
| Net Profit | $385.7M | $88.1M |
| Gross Margin | 57.3% | — |
| Operating Margin | 39.7% | 17.1% |
| Net Margin | 30.3% | 11.2% |
| Revenue YoY | 6.5% | 11.7% |
| Net Profit YoY | 53.9% | 15.8% |
| EPS (diluted) | $3.66 | $0.39 |
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 | $788.7M | ||
| Q4 25 | $1.2B | $745.1M | ||
| Q3 25 | $1.1B | $782.6M | ||
| Q2 25 | $1.2B | $761.5M | ||
| Q1 25 | $1.2B | $706.0M | ||
| Q4 24 | $1.1B | $663.3M | ||
| Q3 24 | $1.1B | $693.2M | ||
| Q2 24 | $974.0M | $667.8M |
| Q1 26 | $385.7M | $88.1M | ||
| Q4 25 | $313.5M | $123.0M | ||
| Q3 25 | $300.8M | $102.4M | ||
| Q2 25 | $235.1M | $72.1M | ||
| Q1 25 | $250.6M | $76.1M | ||
| Q4 24 | $196.5M | $37.2M | ||
| Q3 24 | $218.5M | $41.4M | ||
| Q2 24 | $140.4M | $52.8M |
| Q1 26 | 57.3% | — | ||
| Q4 25 | 55.7% | 49.1% | ||
| Q3 25 | 53.0% | 47.1% | ||
| Q2 25 | 50.0% | 47.0% | ||
| Q1 25 | 47.3% | 47.5% | ||
| Q4 24 | 47.4% | 48.2% | ||
| Q3 24 | 50.4% | 46.5% | ||
| Q2 24 | 52.8% | 46.8% |
| Q1 26 | 39.7% | 17.1% | ||
| Q4 25 | 33.5% | 17.4% | ||
| Q3 25 | 32.4% | 17.3% | ||
| Q2 25 | 28.9% | 14.2% | ||
| Q1 25 | 29.6% | 15.2% | ||
| Q4 24 | 27.0% | 13.1% | ||
| Q3 24 | 29.1% | 13.5% | ||
| Q2 24 | 21.6% | 15.7% |
| Q1 26 | 30.3% | 11.2% | ||
| Q4 25 | 26.0% | 16.5% | ||
| Q3 25 | 26.3% | 13.1% | ||
| Q2 25 | 20.0% | 9.5% | ||
| Q1 25 | 21.0% | 10.8% | ||
| Q4 24 | 17.7% | 5.6% | ||
| Q3 24 | 20.7% | 6.0% | ||
| Q2 24 | 14.4% | 7.9% |
| Q1 26 | $3.66 | $0.39 | ||
| Q4 25 | $2.97 | $0.55 | ||
| Q3 25 | $2.85 | $0.45 | ||
| Q2 25 | $2.23 | $0.32 | ||
| Q1 25 | $2.37 | $0.34 | ||
| Q4 24 | $1.85 | $0.17 | ||
| Q3 24 | $2.07 | $0.19 | ||
| Q2 24 | $1.33 | $0.26 |
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 | $120.0M |
| Total DebtLower is stronger | $1.4B | $1.5B |
| Stockholders' EquityBook value | $5.4B | $3.2B |
| Total Assets | $11.1B | $8.1B |
| Debt / EquityLower = less leverage | 0.27× | 0.46× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.1B | $120.0M | ||
| Q4 25 | $2.3B | $204.8M | ||
| Q3 25 | $1.5B | $218.9M | ||
| Q2 25 | $1.5B | $175.5M | ||
| Q1 25 | $1.2B | $59.0M | ||
| Q4 24 | $1.0B | $10.9M | ||
| Q3 24 | $763.2M | $120.9M | ||
| Q2 24 | $698.3M | $34.5M |
| Q1 26 | $1.4B | $1.5B | ||
| Q4 25 | $1.4B | $1.5B | ||
| Q3 25 | $1.4B | $1.5B | ||
| Q2 25 | $1.4B | $1.5B | ||
| Q1 25 | $1.4B | $1.5B | ||
| Q4 24 | $1.4B | $1.5B | ||
| Q3 24 | $1.4B | $1.7B | ||
| Q2 24 | $1.4B | $1.8B |
| Q1 26 | $5.4B | $3.2B | ||
| Q4 25 | $5.1B | $3.1B | ||
| Q3 25 | $4.9B | $3.0B | ||
| Q2 25 | $4.7B | $2.9B | ||
| Q1 25 | $4.5B | $2.7B | ||
| Q4 24 | $4.3B | $2.6B | ||
| Q3 24 | $4.2B | $2.6B | ||
| Q2 24 | $4.0B | $2.4B |
| Q1 26 | $11.1B | $8.1B | ||
| Q4 25 | $9.3B | $8.0B | ||
| Q3 25 | $9.1B | $7.8B | ||
| Q2 25 | $9.0B | $7.6B | ||
| Q1 25 | $8.7B | $7.3B | ||
| Q4 24 | $7.8B | $7.2B | ||
| Q3 24 | $8.7B | $7.2B | ||
| Q2 24 | $9.3B | $7.1B |
| Q1 26 | 0.27× | 0.46× | ||
| Q4 25 | 0.28× | 0.48× | ||
| Q3 25 | 0.30× | 0.51× | ||
| Q2 25 | 0.31× | 0.53× | ||
| Q1 25 | 0.32× | 0.56× | ||
| Q4 24 | 0.34× | 0.59× | ||
| Q3 24 | 0.34× | 0.64× | ||
| Q2 24 | 0.36× | 0.78× |
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 | — | $198.8M |
| Free Cash FlowOCF − Capex | — | $-61.2M |
| FCF MarginFCF / Revenue | — | -7.8% |
| Capex IntensityCapex / Revenue | — | 26.0% |
| Cash ConversionOCF / Net Profit | — | 2.26× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-123.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $198.8M | ||
| Q4 25 | $352.1M | $239.9M | ||
| Q3 25 | $153.9M | $251.1M | ||
| Q2 25 | $333.7M | $195.7M | ||
| Q1 25 | $912.9M | $183.9M | ||
| Q4 24 | $-710.4M | $163.1M | ||
| Q3 24 | $-578.5M | $151.1M | ||
| Q2 24 | $1.5B | $170.4M |
| Q1 26 | — | $-61.2M | ||
| Q4 25 | $332.1M | $-64.6M | ||
| Q3 25 | $137.9M | $28.6M | ||
| Q2 25 | $313.4M | $-26.3M | ||
| Q1 25 | $898.2M | $41.4M | ||
| Q4 24 | $-734.2M | $26.8M | ||
| Q3 24 | $-590.5M | $64.0M | ||
| Q2 24 | $1.5B | $26.1M |
| Q1 26 | — | -7.8% | ||
| Q4 25 | 27.6% | -8.7% | ||
| Q3 25 | 12.1% | 3.7% | ||
| Q2 25 | 26.7% | -3.5% | ||
| Q1 25 | 75.2% | 5.9% | ||
| Q4 24 | -66.3% | 4.0% | ||
| Q3 24 | -55.9% | 9.2% | ||
| Q2 24 | 151.6% | 3.9% |
| Q1 26 | — | 26.0% | ||
| Q4 25 | 1.7% | 40.9% | ||
| Q3 25 | 1.4% | 28.4% | ||
| Q2 25 | 1.7% | 29.2% | ||
| Q1 25 | 1.2% | 20.2% | ||
| Q4 24 | 2.1% | 20.6% | ||
| Q3 24 | 1.1% | 12.6% | ||
| Q2 24 | 1.8% | 21.6% |
| Q1 26 | — | 2.26× | ||
| Q4 25 | 1.12× | 1.95× | ||
| Q3 25 | 0.51× | 2.45× | ||
| Q2 25 | 1.42× | 2.71× | ||
| Q1 25 | 3.64× | 2.41× | ||
| Q4 24 | -3.62× | 4.39× | ||
| Q3 24 | -2.65× | 3.65× | ||
| Q2 24 | 10.64× | 3.23× |
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% |
LTH
| Center revenue | $767.6M | 97% |
| Other revenue | $21.1M | 3% |
