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Side-by-side financial comparison of Cboe Global Markets (CBOE) and Sensata Technologies Holding plc (ST). Click either name above to swap in a different company.

Cboe Global Markets is the larger business by last-quarter revenue ($1.3B vs $934.8M, roughly 1.4× Sensata Technologies Holding plc). Cboe Global Markets runs the higher net margin — 30.3% vs 9.3%, a 21.0% gap on every dollar of revenue. On growth, Cboe Global Markets posted the faster year-over-year revenue change (6.5% vs 2.6%). Over the past eight quarters, Cboe Global Markets's revenue compounded faster (14.3% CAGR vs -5.0%).

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.

Sensata Technologies Holding plc is a global industrial technology company that designs, manufactures and sells a broad portfolio of sensing, electrical protection and control solutions. Its products serve automotive, industrial, aerospace, HVAC, telecommunications and heavy vehicle end markets, catering to manufacturing and enterprise clients across the world.

CBOE vs ST — Head-to-Head

Bigger by revenue
CBOE
CBOE
1.4× larger
CBOE
$1.3B
$934.8M
ST
Growing faster (revenue YoY)
CBOE
CBOE
+3.9% gap
CBOE
6.5%
2.6%
ST
Higher net margin
CBOE
CBOE
21.0% more per $
CBOE
30.3%
9.3%
ST
Faster 2-yr revenue CAGR
CBOE
CBOE
Annualised
CBOE
14.3%
-5.0%
ST

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CBOE
CBOE
ST
ST
Revenue
$1.3B
$934.8M
Net Profit
$385.7M
$87.1M
Gross Margin
57.3%
30.6%
Operating Margin
39.7%
15.1%
Net Margin
30.3%
9.3%
Revenue YoY
6.5%
2.6%
Net Profit YoY
53.9%
24.6%
EPS (diluted)
$3.66
$0.59

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
ST
ST
Q1 26
$1.3B
$934.8M
Q4 25
$1.2B
$917.9M
Q3 25
$1.1B
$932.0M
Q2 25
$1.2B
$943.4M
Q1 25
$1.2B
$911.3M
Q4 24
$1.1B
$907.7M
Q3 24
$1.1B
$982.8M
Q2 24
$974.0M
$1.0B
Net Profit
CBOE
CBOE
ST
ST
Q1 26
$385.7M
$87.1M
Q4 25
$313.5M
$63.2M
Q3 25
$300.8M
$-162.5M
Q2 25
$235.1M
$60.7M
Q1 25
$250.6M
$69.9M
Q4 24
$196.5M
$5.8M
Q3 24
$218.5M
$-25.0M
Q2 24
$140.4M
$71.7M
Gross Margin
CBOE
CBOE
ST
ST
Q1 26
57.3%
30.6%
Q4 25
55.7%
29.0%
Q3 25
53.0%
27.8%
Q2 25
50.0%
30.3%
Q1 25
47.3%
29.9%
Q4 24
47.4%
27.1%
Q3 24
50.4%
28.6%
Q2 24
52.8%
30.0%
Operating Margin
CBOE
CBOE
ST
ST
Q1 26
39.7%
15.1%
Q4 25
33.5%
10.9%
Q3 25
32.4%
-13.2%
Q2 25
28.9%
14.6%
Q1 25
29.6%
13.4%
Q4 24
27.0%
8.1%
Q3 24
29.1%
-20.3%
Q2 24
21.6%
12.5%
Net Margin
CBOE
CBOE
ST
ST
Q1 26
30.3%
9.3%
Q4 25
26.0%
6.9%
Q3 25
26.3%
-17.4%
Q2 25
20.0%
6.4%
Q1 25
21.0%
7.7%
Q4 24
17.7%
0.6%
Q3 24
20.7%
-2.5%
Q2 24
14.4%
6.9%
EPS (diluted)
CBOE
CBOE
ST
ST
Q1 26
$3.66
$0.59
Q4 25
$2.97
$0.45
Q3 25
$2.85
$-1.12
Q2 25
$2.23
$0.41
Q1 25
$2.37
$0.47
Q4 24
$1.85
$0.05
Q3 24
$2.07
$-0.17
Q2 24
$1.33
$0.47

Balance Sheet & Financial Strength

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

Metric
CBOE
CBOE
ST
ST
Cash + ST InvestmentsLiquidity on hand
$2.1B
$635.1M
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$5.4B
$2.9B
Total Assets
$11.1B
$6.8B
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBOE
CBOE
ST
ST
Q1 26
$2.1B
$635.1M
Q4 25
$2.3B
$573.0M
Q3 25
$1.5B
$791.3M
Q2 25
$1.5B
$661.8M
Q1 25
$1.2B
$588.1M
Q4 24
$1.0B
$593.7M
Q3 24
$763.2M
$506.2M
Q2 24
$698.3M
$1.0B
Total Debt
CBOE
CBOE
ST
ST
Q1 26
$1.4B
Q4 25
$1.4B
$2.8B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
$3.2B
Q3 24
$1.4B
Q2 24
$1.4B
Stockholders' Equity
CBOE
CBOE
ST
ST
Q1 26
$5.4B
$2.9B
Q4 25
$5.1B
$2.8B
Q3 25
$4.9B
$2.7B
Q2 25
$4.7B
$2.9B
Q1 25
$4.5B
$2.8B
Q4 24
$4.3B
$2.9B
Q3 24
$4.2B
$3.0B
Q2 24
$4.0B
$3.0B
Total Assets
CBOE
CBOE
ST
ST
Q1 26
$11.1B
$6.8B
Q4 25
$9.3B
$6.8B
Q3 25
$9.1B
$7.1B
Q2 25
$9.0B
$7.3B
Q1 25
$8.7B
$7.2B
Q4 24
$7.8B
$7.1B
Q3 24
$8.7B
$7.3B
Q2 24
$9.3B
$8.2B
Debt / Equity
CBOE
CBOE
ST
ST
Q1 26
0.27×
Q4 25
0.28×
1.02×
Q3 25
0.30×
Q2 25
0.31×
Q1 25
0.32×
Q4 24
0.34×
1.11×
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
ST
ST
Operating Cash FlowLast quarter
$122.5M
Free Cash FlowOCF − Capex
$104.6M
FCF MarginFCF / Revenue
11.2%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.41×
TTM Free Cash FlowTrailing 4 quarters
$508.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBOE
CBOE
ST
ST
Q1 26
$122.5M
Q4 25
$352.1M
$201.5M
Q3 25
$153.9M
$159.9M
Q2 25
$333.7M
$140.9M
Q1 25
$912.9M
$119.2M
Q4 24
$-710.4M
$170.7M
Q3 24
$-578.5M
$130.9M
Q2 24
$1.5B
$143.5M
Free Cash Flow
CBOE
CBOE
ST
ST
Q1 26
$104.6M
Q4 25
$332.1M
$151.9M
Q3 25
$137.9M
$136.2M
Q2 25
$313.4M
$115.5M
Q1 25
$898.2M
$86.6M
Q4 24
$-734.2M
$138.9M
Q3 24
$-590.5M
$91.3M
Q2 24
$1.5B
$98.4M
FCF Margin
CBOE
CBOE
ST
ST
Q1 26
11.2%
Q4 25
27.6%
16.6%
Q3 25
12.1%
14.6%
Q2 25
26.7%
12.2%
Q1 25
75.2%
9.5%
Q4 24
-66.3%
15.3%
Q3 24
-55.9%
9.3%
Q2 24
151.6%
9.5%
Capex Intensity
CBOE
CBOE
ST
ST
Q1 26
Q4 25
1.7%
5.4%
Q3 25
1.4%
2.5%
Q2 25
1.7%
2.7%
Q1 25
1.2%
3.6%
Q4 24
2.1%
3.5%
Q3 24
1.1%
4.0%
Q2 24
1.8%
4.4%
Cash Conversion
CBOE
CBOE
ST
ST
Q1 26
1.41×
Q4 25
1.12×
3.19×
Q3 25
0.51×
Q2 25
1.42×
2.32×
Q1 25
3.64×
1.70×
Q4 24
-3.62×
29.50×
Q3 24
-2.65×
Q2 24
10.64×
2.00×

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%

ST
ST

Segment breakdown not available.

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