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Side-by-side financial comparison of Cboe Global Markets (CBOE) and RPM INTERNATIONAL INC (RPM). Click either name above to swap in a different company.

RPM INTERNATIONAL INC is the larger business by last-quarter revenue ($1.9B vs $1.2B, roughly 1.6× Cboe Global Markets). Cboe Global Markets runs the higher net margin — 26.0% vs 8.4%, a 17.6% gap on every dollar of revenue. On growth, Cboe Global Markets posted the faster year-over-year revenue change (8.7% vs 3.5%). Cboe Global Markets produced more free cash flow last quarter ($332.1M vs $296.4M). Over the past eight quarters, Cboe Global Markets's revenue compounded faster (12.2% CAGR vs 12.0%).

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.

BVS Entertainment, Inc., formerly known as Saban Productions, Saban International and Saban Entertainment, is a subsidiary of the Walt Disney Company. Founded on April 24, 1980, as a music production company by Haim Saban and Shuki Levy, it slowly transitioned to or gravitated towards television production and distribution, where it is most known for producing and distributing children's programs for Fox Family/ABC Family and defunct channels Fox Kids and Jetix.

CBOE vs RPM — Head-to-Head

Bigger by revenue
RPM
RPM
1.6× larger
RPM
$1.9B
$1.2B
CBOE
Growing faster (revenue YoY)
CBOE
CBOE
+5.2% gap
CBOE
8.7%
3.5%
RPM
Higher net margin
CBOE
CBOE
17.6% more per $
CBOE
26.0%
8.4%
RPM
More free cash flow
CBOE
CBOE
$35.7M more FCF
CBOE
$332.1M
$296.4M
RPM
Faster 2-yr revenue CAGR
CBOE
CBOE
Annualised
CBOE
12.2%
12.0%
RPM

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
CBOE
CBOE
RPM
RPM
Revenue
$1.2B
$1.9B
Net Profit
$313.5M
$161.2M
Gross Margin
55.7%
40.8%
Operating Margin
33.5%
11.0%
Net Margin
26.0%
8.4%
Revenue YoY
8.7%
3.5%
Net Profit YoY
59.5%
-12.0%
EPS (diluted)
$2.97
$1.26

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
RPM
RPM
Q4 25
$1.2B
$1.9B
Q3 25
$1.1B
$2.1B
Q2 25
$1.2B
$2.1B
Q1 25
$1.2B
$1.5B
Q4 24
$1.1B
$1.8B
Q3 24
$1.1B
$2.0B
Q2 24
$974.0M
$2.0B
Q1 24
$957.2M
$1.5B
Net Profit
CBOE
CBOE
RPM
RPM
Q4 25
$313.5M
$161.2M
Q3 25
$300.8M
$227.6M
Q2 25
$235.1M
$225.8M
Q1 25
$250.6M
$52.0M
Q4 24
$196.5M
$183.2M
Q3 24
$218.5M
$227.7M
Q2 24
$140.4M
$180.6M
Q1 24
$209.5M
$61.2M
Gross Margin
CBOE
CBOE
RPM
RPM
Q4 25
55.7%
40.8%
Q3 25
53.0%
42.3%
Q2 25
50.0%
42.4%
Q1 25
47.3%
38.4%
Q4 24
47.4%
41.4%
Q3 24
50.4%
42.5%
Q2 24
52.8%
41.4%
Q1 24
52.5%
39.9%
Operating Margin
CBOE
CBOE
RPM
RPM
Q4 25
33.5%
11.0%
Q3 25
32.4%
14.1%
Q2 25
28.9%
11.9%
Q1 25
29.6%
2.8%
Q4 24
27.0%
11.5%
Q3 24
29.1%
14.8%
Q2 24
21.6%
11.9%
Q1 24
29.5%
5.5%
Net Margin
CBOE
CBOE
RPM
RPM
Q4 25
26.0%
8.4%
Q3 25
26.3%
10.8%
Q2 25
20.0%
10.8%
Q1 25
21.0%
3.5%
Q4 24
17.7%
9.9%
Q3 24
20.7%
11.6%
Q2 24
14.4%
9.0%
Q1 24
21.9%
4.0%
EPS (diluted)
CBOE
CBOE
RPM
RPM
Q4 25
$2.97
$1.26
Q3 25
$2.85
$1.77
Q2 25
$2.23
$1.76
Q1 25
$2.37
$0.40
Q4 24
$1.85
$1.42
Q3 24
$2.07
$1.77
Q2 24
$1.33
$1.40
Q1 24
$1.96
$0.47

Balance Sheet & Financial Strength

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

Metric
CBOE
CBOE
RPM
RPM
Cash + ST InvestmentsLiquidity on hand
$2.3B
$316.6M
Total DebtLower is stronger
$1.4B
$2.5B
Stockholders' EquityBook value
$5.1B
$3.1B
Total Assets
$9.3B
$7.9B
Debt / EquityLower = less leverage
0.28×
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBOE
CBOE
RPM
RPM
Q4 25
$2.3B
$316.6M
Q3 25
$1.5B
$297.1M
Q2 25
$1.5B
$302.1M
Q1 25
$1.2B
$241.9M
Q4 24
$1.0B
$268.7M
Q3 24
$763.2M
$231.6M
Q2 24
$698.3M
$237.4M
Q1 24
$595.1M
$248.9M
Total Debt
CBOE
CBOE
RPM
RPM
Q4 25
$1.4B
$2.5B
Q3 25
$1.4B
$2.7B
Q2 25
$1.4B
$2.6B
Q1 25
$1.4B
$2.1B
Q4 24
$1.4B
$2.0B
Q3 24
$1.4B
$2.0B
Q2 24
$1.4B
$2.0B
Q1 24
$1.4B
$2.2B
Stockholders' Equity
CBOE
CBOE
RPM
RPM
Q4 25
$5.1B
$3.1B
Q3 25
$4.9B
$3.1B
Q2 25
$4.7B
$2.9B
Q1 25
$4.5B
$2.7B
Q4 24
$4.3B
$2.7B
Q3 24
$4.2B
$2.6B
Q2 24
$4.0B
$2.5B
Q1 24
$4.0B
$2.3B
Total Assets
CBOE
CBOE
RPM
RPM
Q4 25
$9.3B
$7.9B
Q3 25
$9.1B
$7.9B
Q2 25
$9.0B
$7.8B
Q1 25
$8.7B
$6.6B
Q4 24
$7.8B
$6.7B
Q3 24
$8.7B
$6.6B
Q2 24
$9.3B
$6.6B
Q1 24
$8.2B
$6.4B
Debt / Equity
CBOE
CBOE
RPM
RPM
Q4 25
0.28×
0.80×
Q3 25
0.30×
0.87×
Q2 25
0.31×
0.91×
Q1 25
0.32×
0.78×
Q4 24
0.34×
0.74×
Q3 24
0.34×
0.77×
Q2 24
0.36×
0.79×
Q1 24
0.36×
0.93×

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
RPM
RPM
Operating Cash FlowLast quarter
$352.1M
$345.7M
Free Cash FlowOCF − Capex
$332.1M
$296.4M
FCF MarginFCF / Revenue
27.6%
15.5%
Capex IntensityCapex / Revenue
1.7%
2.6%
Cash ConversionOCF / Net Profit
1.12×
2.14×
TTM Free Cash FlowTrailing 4 quarters
$1.7B
$582.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBOE
CBOE
RPM
RPM
Q4 25
$352.1M
$345.7M
Q3 25
$153.9M
$237.5M
Q2 25
$333.7M
$149.2M
Q1 25
$912.9M
$91.5M
Q4 24
$-710.4M
$279.4M
Q3 24
$-578.5M
$248.1M
Q2 24
$1.5B
$181.2M
Q1 24
$895.6M
$173.4M
Free Cash Flow
CBOE
CBOE
RPM
RPM
Q4 25
$332.1M
$296.4M
Q3 25
$137.9M
$175.0M
Q2 25
$313.4M
$78.2M
Q1 25
$898.2M
$33.3M
Q4 24
$-734.2M
$229.5M
Q3 24
$-590.5M
$197.3M
Q2 24
$1.5B
$105.3M
Q1 24
$888.3M
$124.6M
FCF Margin
CBOE
CBOE
RPM
RPM
Q4 25
27.6%
15.5%
Q3 25
12.1%
8.3%
Q2 25
26.7%
3.8%
Q1 25
75.2%
2.3%
Q4 24
-66.3%
12.4%
Q3 24
-55.9%
10.0%
Q2 24
151.6%
5.2%
Q1 24
92.8%
8.2%
Capex Intensity
CBOE
CBOE
RPM
RPM
Q4 25
1.7%
2.6%
Q3 25
1.4%
3.0%
Q2 25
1.7%
3.4%
Q1 25
1.2%
3.9%
Q4 24
2.1%
2.7%
Q3 24
1.1%
2.6%
Q2 24
1.8%
3.8%
Q1 24
0.8%
3.2%
Cash Conversion
CBOE
CBOE
RPM
RPM
Q4 25
1.12×
2.14×
Q3 25
0.51×
1.04×
Q2 25
1.42×
0.66×
Q1 25
3.64×
1.76×
Q4 24
-3.62×
1.53×
Q3 24
-2.65×
1.09×
Q2 24
10.64×
1.00×
Q1 24
4.27×
2.83×

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%

RPM
RPM

Construction Products Group Segment$737.4M39%
Consumer Segment$638.6M33%
Performance Coatings Group Segment$533.8M28%

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