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Side-by-side financial comparison of Cboe Global Markets (CBOE) and SERVICE CORP INTERNATIONAL (SCI). Click either name above to swap in a different company.
Cboe Global Markets is the larger business by last-quarter revenue ($1.2B vs $1.1B, roughly 1.1× SERVICE CORP INTERNATIONAL). Cboe Global Markets runs the higher net margin — 26.0% vs 14.3%, a 11.7% gap on every dollar of revenue. On growth, Cboe Global Markets posted the faster year-over-year revenue change (8.7% vs 1.7%). Cboe Global Markets produced more free cash flow last quarter ($332.1M vs $87.2M). Over the past eight quarters, Cboe Global Markets's revenue compounded faster (12.2% CAGR vs 3.1%).
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.
International Distribution Services Limited is a British company providing postal and courier services. IDS was created in 2013 by the UK government as a new holding company of Royal Mail, and a majority of its shares were then sold on the London Stock Exchange, with the government initially retaining a 30 per cent at the time. As of April 2025, IDS is owned and operated by Czech-based EP Group, owned by Daniel Křetínský.
CBOE vs SCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.1B |
| Net Profit | $313.5M | $159.4M |
| Gross Margin | 55.7% | 28.0% |
| Operating Margin | 33.5% | 24.8% |
| Net Margin | 26.0% | 14.3% |
| Revenue YoY | 8.7% | 1.7% |
| Net Profit YoY | 59.5% | 5.3% |
| EPS (diluted) | $2.97 | $1.13 |
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 | $1.1B | ||
| Q3 25 | $1.1B | $1.1B | ||
| Q2 25 | $1.2B | $1.1B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $974.0M | $1.0B | ||
| Q1 24 | $957.2M | $1.0B |
| Q4 25 | $313.5M | $159.4M | ||
| Q3 25 | $300.8M | $117.5M | ||
| Q2 25 | $235.1M | $122.9M | ||
| Q1 25 | $250.6M | $142.9M | ||
| Q4 24 | $196.5M | $151.4M | ||
| Q3 24 | $218.5M | $117.8M | ||
| Q2 24 | $140.4M | $118.2M | ||
| Q1 24 | $209.5M | $131.3M |
| Q4 25 | 55.7% | 28.0% | ||
| Q3 25 | 53.0% | 25.1% | ||
| Q2 25 | 50.0% | 25.5% | ||
| Q1 25 | 47.3% | 27.1% | ||
| Q4 24 | 47.4% | 28.0% | ||
| Q3 24 | 50.4% | 24.9% | ||
| Q2 24 | 52.8% | 24.9% | ||
| Q1 24 | 52.5% | 26.2% |
| Q4 25 | 33.5% | 24.8% | ||
| Q3 25 | 32.4% | 21.4% | ||
| Q2 25 | 28.9% | 21.1% | ||
| Q1 25 | 29.6% | 23.4% | ||
| Q4 24 | 27.0% | 24.0% | ||
| Q3 24 | 29.1% | 20.9% | ||
| Q2 24 | 21.6% | 21.4% | ||
| Q1 24 | 29.5% | 22.2% |
| Q4 25 | 26.0% | 14.3% | ||
| Q3 25 | 26.3% | 11.1% | ||
| Q2 25 | 20.0% | 11.5% | ||
| Q1 25 | 21.0% | 13.3% | ||
| Q4 24 | 17.7% | 13.8% | ||
| Q3 24 | 20.7% | 11.6% | ||
| Q2 24 | 14.4% | 11.4% | ||
| Q1 24 | 21.9% | 12.6% |
| Q4 25 | $2.97 | $1.13 | ||
| Q3 25 | $2.85 | $0.83 | ||
| Q2 25 | $2.23 | $0.86 | ||
| Q1 25 | $2.37 | $0.98 | ||
| Q4 24 | $1.85 | $1.02 | ||
| Q3 24 | $2.07 | $0.81 | ||
| Q2 24 | $1.33 | $0.81 | ||
| Q1 24 | $1.96 | $0.89 |
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 | $243.6M |
| Total DebtLower is stronger | $1.4B | $5.1B |
| Stockholders' EquityBook value | $5.1B | $1.6B |
| Total Assets | $9.3B | $18.7B |
| Debt / EquityLower = less leverage | 0.28× | 3.10× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.3B | $243.6M | ||
| Q3 25 | $1.5B | $241.3M | ||
| Q2 25 | $1.5B | $255.4M | ||
| Q1 25 | $1.2B | $227.2M | ||
| Q4 24 | $1.0B | $218.8M | ||
| Q3 24 | $763.2M | $185.4M | ||
| Q2 24 | $698.3M | $184.4M | ||
| Q1 24 | $595.1M | $205.6M |
| Q4 25 | $1.4B | $5.1B | ||
| Q3 25 | $1.4B | $5.0B | ||
| Q2 25 | $1.4B | $5.0B | ||
| Q1 25 | $1.4B | $4.7B | ||
| Q4 24 | $1.4B | $4.8B | ||
| Q3 24 | $1.4B | $4.7B | ||
| Q2 24 | $1.4B | $4.7B | ||
| Q1 24 | $1.4B | $4.6B |
| Q4 25 | $5.1B | $1.6B | ||
| Q3 25 | $4.9B | $1.6B | ||
| Q2 25 | $4.7B | $1.6B | ||
| Q1 25 | $4.5B | $1.7B | ||
| Q4 24 | $4.3B | $1.7B | ||
| Q3 24 | $4.2B | $1.6B | ||
| Q2 24 | $4.0B | $1.5B | ||
| Q1 24 | $4.0B | $1.6B |
| Q4 25 | $9.3B | $18.7B | ||
| Q3 25 | $9.1B | $18.4B | ||
| Q2 25 | $9.0B | $18.0B | ||
| Q1 25 | $8.7B | $17.3B | ||
| Q4 24 | $7.8B | $17.4B | ||
| Q3 24 | $8.7B | $17.4B | ||
| Q2 24 | $9.3B | $16.8B | ||
| Q1 24 | $8.2B | $16.7B |
| Q4 25 | 0.28× | 3.10× | ||
| Q3 25 | 0.30× | 3.17× | ||
| Q2 25 | 0.31× | 3.19× | ||
| Q1 25 | 0.32× | 2.87× | ||
| Q4 24 | 0.34× | 2.83× | ||
| Q3 24 | 0.34× | 2.92× | ||
| Q2 24 | 0.36× | 3.05× | ||
| Q1 24 | 0.36× | 2.90× |
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 | $212.9M |
| Free Cash FlowOCF − Capex | $332.1M | $87.2M |
| FCF MarginFCF / Revenue | 27.6% | 7.8% |
| Capex IntensityCapex / Revenue | 1.7% | 11.3% |
| Cash ConversionOCF / Net Profit | 1.12× | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | $1.7B | $554.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $352.1M | $212.9M | ||
| Q3 25 | $153.9M | $252.3M | ||
| Q2 25 | $333.7M | $166.4M | ||
| Q1 25 | $912.9M | $311.1M | ||
| Q4 24 | $-710.4M | $264.1M | ||
| Q3 24 | $-578.5M | $263.8M | ||
| Q2 24 | $1.5B | $196.9M | ||
| Q1 24 | $895.6M | $220.1M |
| Q4 25 | $332.1M | $87.2M | ||
| Q3 25 | $137.9M | $150.7M | ||
| Q2 25 | $313.4M | $83.4M | ||
| Q1 25 | $898.2M | $233.0M | ||
| Q4 24 | $-734.2M | $151.8M | ||
| Q3 24 | $-590.5M | $162.8M | ||
| Q2 24 | $1.5B | $100.8M | ||
| Q1 24 | $888.3M | $140.3M |
| Q4 25 | 27.6% | 7.8% | ||
| Q3 25 | 12.1% | 14.2% | ||
| Q2 25 | 26.7% | 7.8% | ||
| Q1 25 | 75.2% | 21.7% | ||
| Q4 24 | -66.3% | 13.9% | ||
| Q3 24 | -55.9% | 16.1% | ||
| Q2 24 | 151.6% | 9.7% | ||
| Q1 24 | 92.8% | 13.4% |
| Q4 25 | 1.7% | 11.3% | ||
| Q3 25 | 1.4% | 9.6% | ||
| Q2 25 | 1.7% | 7.8% | ||
| Q1 25 | 1.2% | 7.3% | ||
| Q4 24 | 2.1% | 10.3% | ||
| Q3 24 | 1.1% | 10.0% | ||
| Q2 24 | 1.8% | 9.3% | ||
| Q1 24 | 0.8% | 7.6% |
| Q4 25 | 1.12× | 1.34× | ||
| Q3 25 | 0.51× | 2.15× | ||
| Q2 25 | 1.42× | 1.35× | ||
| Q1 25 | 3.64× | 2.18× | ||
| Q4 24 | -3.62× | 1.75× | ||
| Q3 24 | -2.65× | 2.24× | ||
| Q2 24 | 10.64× | 1.67× | ||
| Q1 24 | 4.27× | 1.68× |
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% |
SCI
| Cemetery | $510.9M | 46% |
| Funeral Matured Preneed Revenue | $196.5M | 18% |
| Cemetery Recognized Preneed Merchandise And Service Revenue | $107.4M | 10% |
| Cemetery Atneed Revenue | $104.9M | 9% |
| CA | $56.4M | 5% |
| Funeral Other Revenue | $54.6M | 5% |
| Cemetery Other Revenue | $40.2M | 4% |
| Nonfuneral Home Revenue | $28.1M | 3% |
| Non Funeral Home Preneed Sales Revenue | $22.0M | 2% |
