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Side-by-side financial comparison of Cboe Global Markets (CBOE) and Rollins, Inc. (ROL). Click either name above to swap in a different company.

Cboe Global Markets is the larger business by last-quarter revenue ($1.2B vs $906.4M, roughly 1.3× Rollins, Inc.). Cboe Global Markets runs the higher net margin — 26.0% vs 11.9%, a 14.1% gap on every dollar of revenue. On growth, Rollins, Inc. posted the faster year-over-year revenue change (10.2% vs 8.7%). Cboe Global Markets produced more free cash flow last quarter ($332.1M vs $111.2M). Over the past eight quarters, Cboe Global Markets's revenue compounded faster (12.2% CAGR vs 0.8%).

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.

Rollins, Inc. is a North American pest control company serving residential and commercial clients. Operating globally through its wholly owned subsidiaries, Orkin, Inc., PCO Services, HomeTeam Pest Defense, Western Pest Services, Industrial Fumigant Company, TruTech, Critter Control, Crane, Waltham, OPC Services, PermaTreat, Northwest Exterminating, McCall Service and Clark Pest Control, as well UK subsidiaries Integrated Pest Management Limited, Safeguard Pest Control, NBC Environment, Europ...

CBOE vs ROL — Head-to-Head

Bigger by revenue
CBOE
CBOE
1.3× larger
CBOE
$1.2B
$906.4M
ROL
Growing faster (revenue YoY)
ROL
ROL
+1.5% gap
ROL
10.2%
8.7%
CBOE
Higher net margin
CBOE
CBOE
14.1% more per $
CBOE
26.0%
11.9%
ROL
More free cash flow
CBOE
CBOE
$220.9M more FCF
CBOE
$332.1M
$111.2M
ROL
Faster 2-yr revenue CAGR
CBOE
CBOE
Annualised
CBOE
12.2%
0.8%
ROL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CBOE
CBOE
ROL
ROL
Revenue
$1.2B
$906.4M
Net Profit
$313.5M
$107.8M
Gross Margin
55.7%
Operating Margin
33.5%
16.1%
Net Margin
26.0%
11.9%
Revenue YoY
8.7%
10.2%
Net Profit YoY
59.5%
2.5%
EPS (diluted)
$2.97
$0.22

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
ROL
ROL
Q1 26
$906.4M
Q4 25
$1.2B
$912.9M
Q3 25
$1.1B
$1.0B
Q2 25
$1.2B
$999.5M
Q1 25
$1.2B
$822.5M
Q4 24
$1.1B
$832.2M
Q3 24
$1.1B
$916.3M
Q2 24
$974.0M
$891.9M
Net Profit
CBOE
CBOE
ROL
ROL
Q1 26
$107.8M
Q4 25
$313.5M
$116.4M
Q3 25
$300.8M
$163.5M
Q2 25
$235.1M
$141.5M
Q1 25
$250.6M
$105.2M
Q4 24
$196.5M
$105.7M
Q3 24
$218.5M
$136.9M
Q2 24
$140.4M
$129.4M
Gross Margin
CBOE
CBOE
ROL
ROL
Q1 26
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%
Operating Margin
CBOE
CBOE
ROL
ROL
Q1 26
16.1%
Q4 25
33.5%
17.5%
Q3 25
32.4%
21.9%
Q2 25
28.9%
19.8%
Q1 25
29.6%
17.3%
Q4 24
27.0%
18.1%
Q3 24
29.1%
20.9%
Q2 24
21.6%
20.4%
Net Margin
CBOE
CBOE
ROL
ROL
Q1 26
11.9%
Q4 25
26.0%
12.8%
Q3 25
26.3%
15.9%
Q2 25
20.0%
14.2%
Q1 25
21.0%
12.8%
Q4 24
17.7%
12.7%
Q3 24
20.7%
14.9%
Q2 24
14.4%
14.5%
EPS (diluted)
CBOE
CBOE
ROL
ROL
Q1 26
$0.22
Q4 25
$2.97
$0.24
Q3 25
$2.85
$0.34
Q2 25
$2.23
$0.29
Q1 25
$2.37
$0.22
Q4 24
$1.85
$0.22
Q3 24
$2.07
$0.28
Q2 24
$1.33
$0.27

Balance Sheet & Financial Strength

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

Metric
CBOE
CBOE
ROL
ROL
Cash + ST InvestmentsLiquidity on hand
$2.3B
$116.5M
Total DebtLower is stronger
$1.4B
$650.6M
Stockholders' EquityBook value
$5.1B
$1.4B
Total Assets
$9.3B
$3.2B
Debt / EquityLower = less leverage
0.28×
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBOE
CBOE
ROL
ROL
Q1 26
$116.5M
Q4 25
$2.3B
$100.0M
Q3 25
$1.5B
$127.4M
Q2 25
$1.5B
$123.0M
Q1 25
$1.2B
$201.2M
Q4 24
$1.0B
$89.6M
Q3 24
$763.2M
$95.3M
Q2 24
$698.3M
$106.7M
Total Debt
CBOE
CBOE
ROL
ROL
Q1 26
$650.6M
Q4 25
$1.4B
$486.1M
Q3 25
$1.4B
$485.7M
Q2 25
$1.4B
$485.3M
Q1 25
$1.4B
$485.5M
Q4 24
$1.4B
$395.3M
Q3 24
$1.4B
Q2 24
$1.4B
Stockholders' Equity
CBOE
CBOE
ROL
ROL
Q1 26
$1.4B
Q4 25
$5.1B
$1.4B
Q3 25
$4.9B
$1.5B
Q2 25
$4.7B
$1.4B
Q1 25
$4.5B
$1.4B
Q4 24
$4.3B
$1.3B
Q3 24
$4.2B
$1.3B
Q2 24
$4.0B
$1.2B
Total Assets
CBOE
CBOE
ROL
ROL
Q1 26
$3.2B
Q4 25
$9.3B
$3.1B
Q3 25
$9.1B
$3.2B
Q2 25
$9.0B
$3.2B
Q1 25
$8.7B
$2.9B
Q4 24
$7.8B
$2.8B
Q3 24
$8.7B
$2.8B
Q2 24
$9.3B
$2.8B
Debt / Equity
CBOE
CBOE
ROL
ROL
Q1 26
0.47×
Q4 25
0.28×
0.35×
Q3 25
0.30×
0.32×
Q2 25
0.31×
0.34×
Q1 25
0.32×
0.36×
Q4 24
0.34×
0.30×
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
CBOE
CBOE
ROL
ROL
Operating Cash FlowLast quarter
$352.1M
$118.4M
Free Cash FlowOCF − Capex
$332.1M
$111.2M
FCF MarginFCF / Revenue
27.6%
12.3%
Capex IntensityCapex / Revenue
1.7%
0.8%
Cash ConversionOCF / Net Profit
1.12×
1.10×
TTM Free Cash FlowTrailing 4 quarters
$1.7B
$621.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBOE
CBOE
ROL
ROL
Q1 26
$118.4M
Q4 25
$352.1M
$164.7M
Q3 25
$153.9M
$191.3M
Q2 25
$333.7M
$175.1M
Q1 25
$912.9M
$146.9M
Q4 24
$-710.4M
$188.2M
Q3 24
$-578.5M
$146.9M
Q2 24
$1.5B
$145.1M
Free Cash Flow
CBOE
CBOE
ROL
ROL
Q1 26
$111.2M
Q4 25
$332.1M
$159.0M
Q3 25
$137.9M
$182.8M
Q2 25
$313.4M
$168.0M
Q1 25
$898.2M
$140.1M
Q4 24
$-734.2M
$184.0M
Q3 24
$-590.5M
$139.4M
Q2 24
$1.5B
$136.4M
FCF Margin
CBOE
CBOE
ROL
ROL
Q1 26
12.3%
Q4 25
27.6%
17.4%
Q3 25
12.1%
17.8%
Q2 25
26.7%
16.8%
Q1 25
75.2%
17.0%
Q4 24
-66.3%
22.1%
Q3 24
-55.9%
15.2%
Q2 24
151.6%
15.3%
Capex Intensity
CBOE
CBOE
ROL
ROL
Q1 26
0.8%
Q4 25
1.7%
0.6%
Q3 25
1.4%
0.8%
Q2 25
1.7%
0.7%
Q1 25
1.2%
0.8%
Q4 24
2.1%
0.5%
Q3 24
1.1%
0.8%
Q2 24
1.8%
1.0%
Cash Conversion
CBOE
CBOE
ROL
ROL
Q1 26
1.10×
Q4 25
1.12×
1.41×
Q3 25
0.51×
1.17×
Q2 25
1.42×
1.24×
Q1 25
3.64×
1.40×
Q4 24
-3.62×
1.78×
Q3 24
-2.65×
1.07×
Q2 24
10.64×
1.12×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CBOE
CBOE

Liquidity Payments$443.6M37%
Cash And Spot Markets$431.3M36%
Transferred Over Time$84.3M7%
Market Data Fees$82.7M7%
Royalty Fees$68.9M6%
Futures$36.1M3%
Global FX$24.4M2%
Other Revenue$23.1M2%
Routing And Clearing$20.1M2%

ROL
ROL

Segment breakdown not available.

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