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Side-by-side financial comparison of Cboe Global Markets (CBOE) and RANGE RESOURCES CORP (RRC). Click either name above to swap in a different company.
Cboe Global Markets is the larger business by last-quarter revenue ($1.2B vs $786.9M, roughly 1.5× RANGE RESOURCES CORP). Cboe Global Markets runs the higher net margin — 26.0% vs 22.8%, a 3.3% gap on every dollar of revenue. On growth, RANGE RESOURCES CORP posted the faster year-over-year revenue change (18.0% vs 8.7%). Over the past eight quarters, RANGE RESOURCES CORP's revenue compounded faster (14.6% CAGR vs 12.2%).
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.
Range Resources Corporation is a natural gas exploration and production company, the headquartered is in Fort Worth, Texas. It operates in the Marcellus Formation, where it is the largest land owners.
CBOE vs RRC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $786.9M |
| Net Profit | $313.5M | $179.1M |
| Gross Margin | 55.7% | 94.5% |
| Operating Margin | 33.5% | — |
| Net Margin | 26.0% | 22.8% |
| Revenue YoY | 8.7% | 18.0% |
| Net Profit YoY | 59.5% | 88.8% |
| EPS (diluted) | $2.97 | $0.75 |
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.
| Q4 25 | $1.2B | $786.9M | ||
| Q3 25 | $1.1B | $655.3M | ||
| Q2 25 | $1.2B | $699.6M | ||
| Q1 25 | $1.2B | $846.3M | ||
| Q4 24 | $1.1B | $667.0M | ||
| Q3 24 | $1.1B | $567.9M | ||
| Q2 24 | $974.0M | $513.2M | ||
| Q1 24 | $957.2M | $598.8M |
| Q4 25 | $313.5M | $179.1M | ||
| Q3 25 | $300.8M | $144.3M | ||
| Q2 25 | $235.1M | $237.6M | ||
| Q1 25 | $250.6M | $97.1M | ||
| Q4 24 | $196.5M | $94.8M | ||
| Q3 24 | $218.5M | $50.7M | ||
| Q2 24 | $140.4M | $28.7M | ||
| Q1 24 | $209.5M | $92.1M |
| Q4 25 | 55.7% | 94.5% | ||
| Q3 25 | 53.0% | 92.5% | ||
| Q2 25 | 50.0% | 95.0% | ||
| Q1 25 | 47.3% | 93.1% | ||
| Q4 24 | 47.4% | 93.7% | ||
| Q3 24 | 50.4% | 94.3% | ||
| Q2 24 | 52.8% | 93.4% | ||
| Q1 24 | 52.5% | 94.7% |
| Q4 25 | 33.5% | — | ||
| Q3 25 | 32.4% | — | ||
| Q2 25 | 28.9% | — | ||
| Q1 25 | 29.6% | — | ||
| Q4 24 | 27.0% | — | ||
| Q3 24 | 29.1% | — | ||
| Q2 24 | 21.6% | — | ||
| Q1 24 | 29.5% | — |
| Q4 25 | 26.0% | 22.8% | ||
| Q3 25 | 26.3% | 22.0% | ||
| Q2 25 | 20.0% | 34.0% | ||
| Q1 25 | 21.0% | 11.5% | ||
| Q4 24 | 17.7% | 14.2% | ||
| Q3 24 | 20.7% | 8.9% | ||
| Q2 24 | 14.4% | 5.6% | ||
| Q1 24 | 21.9% | 15.4% |
| Q4 25 | $2.97 | $0.75 | ||
| Q3 25 | $2.85 | $0.60 | ||
| Q2 25 | $2.23 | $0.99 | ||
| Q1 25 | $2.37 | $0.40 | ||
| Q4 24 | $1.85 | $0.38 | ||
| Q3 24 | $2.07 | $0.21 | ||
| Q2 24 | $1.33 | $0.12 | ||
| Q1 24 | $1.96 | $0.38 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.3B | $204.0K |
| Total DebtLower is stronger | $1.4B | $1.2B |
| Stockholders' EquityBook value | $5.1B | $4.3B |
| Total Assets | $9.3B | $7.4B |
| Debt / EquityLower = less leverage | 0.28× | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3B | $204.0K | ||
| Q3 25 | $1.5B | $175.0K | ||
| Q2 25 | $1.5B | $134.0K | ||
| Q1 25 | $1.2B | $344.6M | ||
| Q4 24 | $1.0B | $304.5M | ||
| Q3 24 | $763.2M | $277.4M | ||
| Q2 24 | $698.3M | $251.1M | ||
| Q1 24 | $595.1M | $343.1M |
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.4B | $1.2B | ||
| Q2 25 | $1.4B | $1.2B | ||
| Q1 25 | $1.4B | $1.7B | ||
| Q4 24 | $1.4B | $1.7B | ||
| Q3 24 | $1.4B | $1.7B | ||
| Q2 24 | $1.4B | $1.7B | ||
| Q1 24 | $1.4B | $1.8B |
| Q4 25 | $5.1B | $4.3B | ||
| Q3 25 | $4.9B | $4.2B | ||
| Q2 25 | $4.7B | $4.1B | ||
| Q1 25 | $4.5B | $3.9B | ||
| Q4 24 | $4.3B | $3.9B | ||
| Q3 24 | $4.2B | $3.9B | ||
| Q2 24 | $4.0B | $3.9B | ||
| Q1 24 | $4.0B | $3.8B |
| Q4 25 | $9.3B | $7.4B | ||
| Q3 25 | $9.1B | $7.2B | ||
| Q2 25 | $9.0B | $7.1B | ||
| Q1 25 | $8.7B | $7.4B | ||
| Q4 24 | $7.8B | $7.3B | ||
| Q3 24 | $8.7B | $7.2B | ||
| Q2 24 | $9.3B | $7.3B | ||
| Q1 24 | $8.2B | $7.4B |
| Q4 25 | 0.28× | 0.28× | ||
| Q3 25 | 0.30× | 0.29× | ||
| Q2 25 | 0.31× | 0.29× | ||
| Q1 25 | 0.32× | 0.43× | ||
| Q4 24 | 0.34× | 0.43× | ||
| Q3 24 | 0.34× | 0.44× | ||
| Q2 24 | 0.36× | 0.44× | ||
| Q1 24 | 0.36× | 0.46× |
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 | $352.1M | $257.5M |
| Free Cash FlowOCF − Capex | $332.1M | — |
| FCF MarginFCF / Revenue | 27.6% | — |
| Capex IntensityCapex / Revenue | 1.7% | — |
| Cash ConversionOCF / Net Profit | 1.12× | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7B | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $352.1M | $257.5M | ||
| Q3 25 | $153.9M | $247.5M | ||
| Q2 25 | $333.7M | $336.2M | ||
| Q1 25 | $912.9M | $330.1M | ||
| Q4 24 | $-710.4M | $217.9M | ||
| Q3 24 | $-578.5M | $245.9M | ||
| Q2 24 | $1.5B | $148.8M | ||
| Q1 24 | $895.6M | $331.9M |
| Q4 25 | $332.1M | — | ||
| Q3 25 | $137.9M | — | ||
| Q2 25 | $313.4M | — | ||
| Q1 25 | $898.2M | — | ||
| Q4 24 | $-734.2M | — | ||
| Q3 24 | $-590.5M | — | ||
| Q2 24 | $1.5B | — | ||
| Q1 24 | $888.3M | — |
| Q4 25 | 27.6% | — | ||
| Q3 25 | 12.1% | — | ||
| Q2 25 | 26.7% | — | ||
| Q1 25 | 75.2% | — | ||
| Q4 24 | -66.3% | — | ||
| Q3 24 | -55.9% | — | ||
| Q2 24 | 151.6% | — | ||
| Q1 24 | 92.8% | — |
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 1.8% | — | ||
| Q1 24 | 0.8% | — |
| Q4 25 | 1.12× | 1.44× | ||
| Q3 25 | 0.51× | 1.72× | ||
| Q2 25 | 1.42× | 1.42× | ||
| Q1 25 | 3.64× | 3.40× | ||
| Q4 24 | -3.62× | 2.30× | ||
| Q3 24 | -2.65× | 4.85× | ||
| Q2 24 | 10.64× | 5.18× | ||
| Q1 24 | 4.27× | 3.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBOE
| Liquidity Payments | $443.6M | 37% |
| Cash And Spot Markets | $431.3M | 36% |
| Transferred Over Time | $84.3M | 7% |
| Market Data Fees | $82.7M | 7% |
| Royalty Fees | $68.9M | 6% |
| Futures | $36.1M | 3% |
| Global FX | $24.4M | 2% |
| Other Revenue | $23.1M | 2% |
| Routing And Clearing | $20.1M | 2% |
RRC
| Natural Gas Natural Gas Liquids And Oil Sales | $745.5M | 95% |
| Brokered Natural Gas And Marketing | $41.3M | 5% |
