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Side-by-side financial comparison of Cboe Global Markets (CBOE) and Noble Corp plc (NE). Click either name above to swap in a different company.
Cboe Global Markets is the larger business by last-quarter revenue ($1.3B vs $764.4M, roughly 1.7× Noble Corp plc). Cboe Global Markets runs the higher net margin — 30.3% vs 11.3%, a 19.0% gap on every dollar of revenue. On growth, Cboe Global Markets posted the faster year-over-year revenue change (6.5% vs -17.6%). Over the past eight quarters, Cboe Global Markets's revenue compounded faster (14.3% CAGR vs 9.5%).
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.
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
CBOE vs NE — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $764.4M |
| Net Profit | $385.7M | $86.6M |
| Gross Margin | 57.3% | — |
| Operating Margin | 39.7% | 5.6% |
| Net Margin | 30.3% | 11.3% |
| Revenue YoY | 6.5% | -17.6% |
| Net Profit YoY | 53.9% | -10.4% |
| EPS (diluted) | $3.66 | $0.54 |
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 | $764.4M | ||
| Q3 25 | $1.1B | $798.0M | ||
| Q2 25 | $1.2B | $848.7M | ||
| Q1 25 | $1.2B | $874.5M | ||
| Q4 24 | $1.1B | $927.3M | ||
| Q3 24 | $1.1B | $800.5M | ||
| Q2 24 | $974.0M | $692.8M |
| Q1 26 | $385.7M | — | ||
| Q4 25 | $313.5M | $86.6M | ||
| Q3 25 | $300.8M | $-21.1M | ||
| Q2 25 | $235.1M | $42.9M | ||
| Q1 25 | $250.6M | $108.3M | ||
| Q4 24 | $196.5M | $96.6M | ||
| Q3 24 | $218.5M | $61.2M | ||
| Q2 24 | $140.4M | $195.0M |
| 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% | 5.6% | ||
| Q3 25 | 32.4% | 6.3% | ||
| Q2 25 | 28.9% | 15.9% | ||
| Q1 25 | 29.6% | 21.4% | ||
| Q4 24 | 27.0% | 18.4% | ||
| Q3 24 | 29.1% | 14.4% | ||
| Q2 24 | 21.6% | 30.3% |
| Q1 26 | 30.3% | — | ||
| Q4 25 | 26.0% | 11.3% | ||
| Q3 25 | 26.3% | -2.6% | ||
| Q2 25 | 20.0% | 5.1% | ||
| Q1 25 | 21.0% | 12.4% | ||
| Q4 24 | 17.7% | 10.4% | ||
| Q3 24 | 20.7% | 7.6% | ||
| Q2 24 | 14.4% | 28.1% |
| Q1 26 | $3.66 | — | ||
| Q4 25 | $2.97 | $0.54 | ||
| Q3 25 | $2.85 | $-0.13 | ||
| Q2 25 | $2.23 | $0.27 | ||
| Q1 25 | $2.37 | $0.67 | ||
| Q4 24 | $1.85 | $0.56 | ||
| Q3 24 | $2.07 | $0.40 | ||
| Q2 24 | $1.33 | $1.34 |
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 | $471.4M |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $5.4B | $4.5B |
| Total Assets | $11.1B | $7.5B |
| Debt / EquityLower = less leverage | 0.27× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.1B | — | ||
| Q4 25 | $2.3B | $471.4M | ||
| Q3 25 | $1.5B | $477.9M | ||
| Q2 25 | $1.5B | $338.2M | ||
| Q1 25 | $1.2B | $303.8M | ||
| Q4 24 | $1.0B | $247.3M | ||
| Q3 24 | $763.2M | $391.9M | ||
| Q2 24 | $698.3M | $162.9M |
| 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 | $4.5B | ||
| Q3 25 | $4.9B | $4.5B | ||
| Q2 25 | $4.7B | $4.6B | ||
| Q1 25 | $4.5B | $4.7B | ||
| Q4 24 | $4.3B | $4.7B | ||
| Q3 24 | $4.2B | $4.7B | ||
| Q2 24 | $4.0B | $4.0B |
| Q1 26 | $11.1B | — | ||
| Q4 25 | $9.3B | $7.5B | ||
| Q3 25 | $9.1B | $7.6B | ||
| Q2 25 | $9.0B | $7.7B | ||
| Q1 25 | $8.7B | $7.9B | ||
| Q4 24 | $7.8B | $8.0B | ||
| Q3 24 | $8.7B | $8.0B | ||
| Q2 24 | $9.3B | $5.6B |
| 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 | — | $187.1M |
| Free Cash FlowOCF − Capex | — | $35.4M |
| FCF MarginFCF / Revenue | — | 4.6% |
| Capex IntensityCapex / Revenue | — | 19.9% |
| Cash ConversionOCF / Net Profit | — | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | — | $432.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $352.1M | $187.1M | ||
| Q3 25 | $153.9M | $277.1M | ||
| Q2 25 | $333.7M | $216.4M | ||
| Q1 25 | $912.9M | $271.1M | ||
| Q4 24 | $-710.4M | $136.2M | ||
| Q3 24 | $-578.5M | $283.8M | ||
| Q2 24 | $1.5B | $106.8M |
| Q1 26 | — | — | ||
| Q4 25 | $332.1M | $35.4M | ||
| Q3 25 | $137.9M | $139.5M | ||
| Q2 25 | $313.4M | $99.8M | ||
| Q1 25 | $898.2M | $157.5M | ||
| Q4 24 | $-734.2M | $-4.4M | ||
| Q3 24 | $-590.5M | $156.8M | ||
| Q2 24 | $1.5B | $-34.3M |
| Q1 26 | — | — | ||
| Q4 25 | 27.6% | 4.6% | ||
| Q3 25 | 12.1% | 17.5% | ||
| Q2 25 | 26.7% | 11.8% | ||
| Q1 25 | 75.2% | 18.0% | ||
| Q4 24 | -66.3% | -0.5% | ||
| Q3 24 | -55.9% | 19.6% | ||
| Q2 24 | 151.6% | -4.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 19.9% | ||
| Q3 25 | 1.4% | 17.3% | ||
| Q2 25 | 1.7% | 13.7% | ||
| Q1 25 | 1.2% | 13.0% | ||
| Q4 24 | 2.1% | 15.2% | ||
| Q3 24 | 1.1% | 15.9% | ||
| Q2 24 | 1.8% | 20.4% |
| Q1 26 | — | — | ||
| Q4 25 | 1.12× | 2.16× | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 1.42× | 5.05× | ||
| Q1 25 | 3.64× | 2.50× | ||
| Q4 24 | -3.62× | 1.41× | ||
| Q3 24 | -2.65× | 4.64× | ||
| Q2 24 | 10.64× | 0.55× |
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% |
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
