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Side-by-side financial comparison of Cboe Global Markets (CBOE) and Reynolds Consumer Products Inc. (REYN). Click either name above to swap in a different company.

Cboe Global Markets is the larger business by last-quarter revenue ($1.3B vs $1.0B, roughly 1.2× Reynolds Consumer Products Inc.). Cboe Global Markets runs the higher net margin — 30.3% vs 11.4%, a 18.9% gap on every dollar of revenue. On growth, Cboe Global Markets posted the faster year-over-year revenue change (6.5% vs 1.2%). Over the past eight quarters, Cboe Global Markets's revenue compounded faster (14.3% CAGR vs 11.4%).

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.

The Rival Company is an American manufacturer of small appliances that produces products under the Bionaire, Crock-Pot, Fasco, Patton, Pollenex, Rival, Simer, and White Mountain brands. It became a wholly owned subsidiary of Holmes Products Corp. in 1999, and later became a brand of Sunbeam Products, a subsidiary of Jarden Corporation, which purchased Holmes in 2005. Jarden, in turn, merged with Newell Rubbermaid in 2016. It is now part of the Newell Brands company.

CBOE vs REYN — Head-to-Head

Bigger by revenue
CBOE
CBOE
1.2× larger
CBOE
$1.3B
$1.0B
REYN
Growing faster (revenue YoY)
CBOE
CBOE
+5.3% gap
CBOE
6.5%
1.2%
REYN
Higher net margin
CBOE
CBOE
18.9% more per $
CBOE
30.3%
11.4%
REYN
Faster 2-yr revenue CAGR
CBOE
CBOE
Annualised
CBOE
14.3%
11.4%
REYN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CBOE
CBOE
REYN
REYN
Revenue
$1.3B
$1.0B
Net Profit
$385.7M
$118.0M
Gross Margin
57.3%
25.7%
Operating Margin
39.7%
14.8%
Net Margin
30.3%
11.4%
Revenue YoY
6.5%
1.2%
Net Profit YoY
53.9%
-1.7%
EPS (diluted)
$3.66
$0.55

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.

Revenue
CBOE
CBOE
REYN
REYN
Q1 26
$1.3B
Q4 25
$1.2B
$1.0B
Q3 25
$1.1B
$931.0M
Q2 25
$1.2B
$938.0M
Q1 25
$1.2B
$818.0M
Q4 24
$1.1B
$1.0B
Q3 24
$1.1B
$910.0M
Q2 24
$974.0M
$930.0M
Net Profit
CBOE
CBOE
REYN
REYN
Q1 26
$385.7M
Q4 25
$313.5M
$118.0M
Q3 25
$300.8M
$79.0M
Q2 25
$235.1M
$73.0M
Q1 25
$250.6M
$31.0M
Q4 24
$196.5M
$120.0M
Q3 24
$218.5M
$86.0M
Q2 24
$140.4M
$97.0M
Gross Margin
CBOE
CBOE
REYN
REYN
Q1 26
57.3%
Q4 25
55.7%
25.7%
Q3 25
53.0%
25.0%
Q2 25
50.0%
24.1%
Q1 25
47.3%
23.1%
Q4 24
47.4%
27.6%
Q3 24
50.4%
26.3%
Q2 24
52.8%
27.5%
Operating Margin
CBOE
CBOE
REYN
REYN
Q1 26
39.7%
Q4 25
33.5%
14.8%
Q3 25
32.4%
11.0%
Q2 25
28.9%
10.2%
Q1 25
29.6%
5.1%
Q4 24
27.0%
15.5%
Q3 24
29.1%
12.4%
Q2 24
21.6%
12.4%
Net Margin
CBOE
CBOE
REYN
REYN
Q1 26
30.3%
Q4 25
26.0%
11.4%
Q3 25
26.3%
8.5%
Q2 25
20.0%
7.8%
Q1 25
21.0%
3.8%
Q4 24
17.7%
11.7%
Q3 24
20.7%
9.5%
Q2 24
14.4%
10.4%
EPS (diluted)
CBOE
CBOE
REYN
REYN
Q1 26
$3.66
Q4 25
$2.97
$0.55
Q3 25
$2.85
$0.38
Q2 25
$2.23
$0.35
Q1 25
$2.37
$0.15
Q4 24
$1.85
$0.57
Q3 24
$2.07
$0.41
Q2 24
$1.33
$0.46

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CBOE
CBOE
REYN
REYN
Cash + ST InvestmentsLiquidity on hand
$2.1B
$147.0M
Total DebtLower is stronger
$1.4B
$1.6B
Stockholders' EquityBook value
$5.4B
$2.3B
Total Assets
$11.1B
$4.9B
Debt / EquityLower = less leverage
0.27×
0.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBOE
CBOE
REYN
REYN
Q1 26
$2.1B
Q4 25
$2.3B
$147.0M
Q3 25
$1.5B
$53.0M
Q2 25
$1.5B
$57.0M
Q1 25
$1.2B
$58.0M
Q4 24
$1.0B
$137.0M
Q3 24
$763.2M
$96.0M
Q2 24
$698.3M
$101.0M
Total Debt
CBOE
CBOE
REYN
REYN
Q1 26
$1.4B
Q4 25
$1.4B
$1.6B
Q3 25
$1.4B
$1.6B
Q2 25
$1.4B
$1.6B
Q1 25
$1.4B
$1.6B
Q4 24
$1.4B
$1.7B
Q3 24
$1.4B
$1.7B
Q2 24
$1.4B
$1.8B
Stockholders' Equity
CBOE
CBOE
REYN
REYN
Q1 26
$5.4B
Q4 25
$5.1B
$2.3B
Q3 25
$4.9B
$2.2B
Q2 25
$4.7B
$2.1B
Q1 25
$4.5B
$2.1B
Q4 24
$4.3B
$2.1B
Q3 24
$4.2B
$2.1B
Q2 24
$4.0B
$2.0B
Total Assets
CBOE
CBOE
REYN
REYN
Q1 26
$11.1B
Q4 25
$9.3B
$4.9B
Q3 25
$9.1B
$4.9B
Q2 25
$9.0B
$4.9B
Q1 25
$8.7B
$4.8B
Q4 24
$7.8B
$4.9B
Q3 24
$8.7B
$4.8B
Q2 24
$9.3B
$4.9B
Debt / Equity
CBOE
CBOE
REYN
REYN
Q1 26
0.27×
Q4 25
0.28×
0.70×
Q3 25
0.30×
0.75×
Q2 25
0.31×
0.76×
Q1 25
0.32×
0.77×
Q4 24
0.34×
0.79×
Q3 24
0.34×
0.84×
Q2 24
0.36×
0.87×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CBOE
CBOE
REYN
REYN
Operating Cash FlowLast quarter
$237.0M
Free Cash FlowOCF − Capex
$200.0M
FCF MarginFCF / Revenue
19.3%
Capex IntensityCapex / Revenue
3.6%
Cash ConversionOCF / Net Profit
2.01×
TTM Free Cash FlowTrailing 4 quarters
$316.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBOE
CBOE
REYN
REYN
Q1 26
Q4 25
$352.1M
$237.0M
Q3 25
$153.9M
$93.0M
Q2 25
$333.7M
$91.0M
Q1 25
$912.9M
$56.0M
Q4 24
$-710.4M
$182.0M
Q3 24
$-578.5M
$124.0M
Q2 24
$1.5B
$84.0M
Free Cash Flow
CBOE
CBOE
REYN
REYN
Q1 26
Q4 25
$332.1M
$200.0M
Q3 25
$137.9M
$48.0M
Q2 25
$313.4M
$51.0M
Q1 25
$898.2M
$17.0M
Q4 24
$-734.2M
$141.0M
Q3 24
$-590.5M
$93.0M
Q2 24
$1.5B
$65.0M
FCF Margin
CBOE
CBOE
REYN
REYN
Q1 26
Q4 25
27.6%
19.3%
Q3 25
12.1%
5.2%
Q2 25
26.7%
5.4%
Q1 25
75.2%
2.1%
Q4 24
-66.3%
13.8%
Q3 24
-55.9%
10.2%
Q2 24
151.6%
7.0%
Capex Intensity
CBOE
CBOE
REYN
REYN
Q1 26
Q4 25
1.7%
3.6%
Q3 25
1.4%
4.8%
Q2 25
1.7%
4.3%
Q1 25
1.2%
4.8%
Q4 24
2.1%
4.0%
Q3 24
1.1%
3.4%
Q2 24
1.8%
2.0%
Cash Conversion
CBOE
CBOE
REYN
REYN
Q1 26
Q4 25
1.12×
2.01×
Q3 25
0.51×
1.18×
Q2 25
1.42×
1.25×
Q1 25
3.64×
1.81×
Q4 24
-3.62×
1.52×
Q3 24
-2.65×
1.44×
Q2 24
10.64×
0.87×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CBOE
CBOE

Derivatives markets$609.3M48%
Cash and spot markets$482.2M38%
Data Vantage$181.3M14%

REYN
REYN

Reynolds Cooking And Baking$397.0M38%
Hefty Waste And Storage$247.0M24%
Tableware Products$229.0M22%
Presto Products$164.0M16%

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