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

Cboe Global Markets is the larger business by last-quarter revenue ($1.3B vs $1.0B, roughly 1.2× Skyworks Solutions). Cboe Global Markets runs the higher net margin — 30.3% vs 7.6%, a 22.7% gap on every dollar of revenue. On growth, Skyworks Solutions posted the faster year-over-year revenue change (8.6% vs 6.5%). Over the past eight quarters, Cboe Global Markets's revenue compounded faster (14.3% CAGR vs -0.5%).

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.

Skyworks Solutions, Inc. is an American semiconductor company headquartered in Irvine, California, United States. The company's shares are listed on the Nasdaq Global Select Market under the ticker symbol SWKS and is a constituent of the S&P 500.

CBOE vs SWKS — Head-to-Head

Bigger by revenue
CBOE
CBOE
1.2× larger
CBOE
$1.3B
$1.0B
SWKS
Growing faster (revenue YoY)
SWKS
SWKS
+2.1% gap
SWKS
8.6%
6.5%
CBOE
Higher net margin
CBOE
CBOE
22.7% more per $
CBOE
30.3%
7.6%
SWKS
Faster 2-yr revenue CAGR
CBOE
CBOE
Annualised
CBOE
14.3%
-0.5%
SWKS

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CBOE
CBOE
SWKS
SWKS
Revenue
$1.3B
$1.0B
Net Profit
$385.7M
$79.2M
Gross Margin
57.3%
41.3%
Operating Margin
39.7%
10.0%
Net Margin
30.3%
7.6%
Revenue YoY
6.5%
8.6%
Net Profit YoY
53.9%
15.3%
EPS (diluted)
$3.66
$0.53

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
SWKS
SWKS
Q1 26
$1.3B
$1.0B
Q4 25
$1.2B
$1.1B
Q3 25
$1.1B
Q2 25
$1.2B
$965.0M
Q1 25
$1.2B
$953.2M
Q4 24
$1.1B
$1.1B
Q3 24
$1.1B
$1.0B
Q2 24
$974.0M
$905.5M
Net Profit
CBOE
CBOE
SWKS
SWKS
Q1 26
$385.7M
$79.2M
Q4 25
$313.5M
$141.4M
Q3 25
$300.8M
Q2 25
$235.1M
$105.0M
Q1 25
$250.6M
$68.7M
Q4 24
$196.5M
$162.0M
Q3 24
$218.5M
$60.5M
Q2 24
$140.4M
$120.9M
Gross Margin
CBOE
CBOE
SWKS
SWKS
Q1 26
57.3%
41.3%
Q4 25
55.7%
40.7%
Q3 25
53.0%
Q2 25
50.0%
41.6%
Q1 25
47.3%
41.1%
Q4 24
47.4%
41.4%
Q3 24
50.4%
41.9%
Q2 24
52.8%
40.2%
Operating Margin
CBOE
CBOE
SWKS
SWKS
Q1 26
39.7%
10.0%
Q4 25
33.5%
10.1%
Q3 25
32.4%
Q2 25
28.9%
11.5%
Q1 25
29.6%
10.2%
Q4 24
27.0%
16.9%
Q3 24
29.1%
5.8%
Q2 24
21.6%
14.4%
Net Margin
CBOE
CBOE
SWKS
SWKS
Q1 26
30.3%
7.6%
Q4 25
26.0%
12.9%
Q3 25
26.3%
Q2 25
20.0%
10.9%
Q1 25
21.0%
7.2%
Q4 24
17.7%
15.2%
Q3 24
20.7%
5.9%
Q2 24
14.4%
13.4%
EPS (diluted)
CBOE
CBOE
SWKS
SWKS
Q1 26
$3.66
$0.53
Q4 25
$2.97
$0.95
Q3 25
$2.85
Q2 25
$2.23
$0.70
Q1 25
$2.37
$0.43
Q4 24
$1.85
$1.00
Q3 24
$2.07
$0.36
Q2 24
$1.33
$0.75

Balance Sheet & Financial Strength

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

Metric
CBOE
CBOE
SWKS
SWKS
Cash + ST InvestmentsLiquidity on hand
$2.1B
$1.6B
Total DebtLower is stronger
$1.4B
$496.6M
Stockholders' EquityBook value
$5.4B
$5.8B
Total Assets
$11.1B
$7.9B
Debt / EquityLower = less leverage
0.27×
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBOE
CBOE
SWKS
SWKS
Q1 26
$2.1B
$1.6B
Q4 25
$2.3B
$1.4B
Q3 25
$1.5B
Q2 25
$1.5B
$1.3B
Q1 25
$1.2B
$1.5B
Q4 24
$1.0B
$1.7B
Q3 24
$763.2M
$1.6B
Q2 24
$698.3M
$1.3B
Total Debt
CBOE
CBOE
SWKS
SWKS
Q1 26
$1.4B
$496.6M
Q4 25
$1.4B
$496.4M
Q3 25
$1.4B
Q2 25
$1.4B
$496.2M
Q1 25
$1.4B
$995.1M
Q4 24
$1.4B
$994.7M
Q3 24
$1.4B
$994.3M
Q2 24
$1.4B
$994.0M
Stockholders' Equity
CBOE
CBOE
SWKS
SWKS
Q1 26
$5.4B
$5.8B
Q4 25
$5.1B
$5.8B
Q3 25
$4.9B
Q2 25
$4.7B
$5.7B
Q1 25
$4.5B
$5.9B
Q4 24
$4.3B
$6.4B
Q3 24
$4.2B
$6.3B
Q2 24
$4.0B
$6.3B
Total Assets
CBOE
CBOE
SWKS
SWKS
Q1 26
$11.1B
$7.9B
Q4 25
$9.3B
$7.9B
Q3 25
$9.1B
Q2 25
$9.0B
$7.7B
Q1 25
$8.7B
$7.9B
Q4 24
$7.8B
$8.3B
Q3 24
$8.7B
$8.3B
Q2 24
$9.3B
$8.2B
Debt / Equity
CBOE
CBOE
SWKS
SWKS
Q1 26
0.27×
0.09×
Q4 25
0.28×
0.09×
Q3 25
0.30×
Q2 25
0.31×
0.09×
Q1 25
0.32×
0.17×
Q4 24
0.34×
0.16×
Q3 24
0.34×
0.16×
Q2 24
0.36×
0.16×

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
SWKS
SWKS
Operating Cash FlowLast quarter
$395.5M
Free Cash FlowOCF − Capex
$339.0M
FCF MarginFCF / Revenue
32.7%
Capex IntensityCapex / Revenue
5.5%
Cash ConversionOCF / Net Profit
4.99×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBOE
CBOE
SWKS
SWKS
Q1 26
$395.5M
Q4 25
$352.1M
$200.0M
Q3 25
$153.9M
Q2 25
$333.7M
$314.2M
Q1 25
$912.9M
$409.4M
Q4 24
$-710.4M
$377.2M
Q3 24
$-578.5M
$476.1M
Q2 24
$1.5B
$273.4M
Free Cash Flow
CBOE
CBOE
SWKS
SWKS
Q1 26
$339.0M
Q4 25
$332.1M
$144.0M
Q3 25
$137.9M
Q2 25
$313.4M
$252.7M
Q1 25
$898.2M
$370.9M
Q4 24
$-734.2M
$338.2M
Q3 24
$-590.5M
$393.3M
Q2 24
$1.5B
$249.0M
FCF Margin
CBOE
CBOE
SWKS
SWKS
Q1 26
32.7%
Q4 25
27.6%
13.1%
Q3 25
12.1%
Q2 25
26.7%
26.2%
Q1 25
75.2%
38.9%
Q4 24
-66.3%
31.7%
Q3 24
-55.9%
38.4%
Q2 24
151.6%
27.5%
Capex Intensity
CBOE
CBOE
SWKS
SWKS
Q1 26
5.5%
Q4 25
1.7%
5.1%
Q3 25
1.4%
Q2 25
1.7%
6.4%
Q1 25
1.2%
4.0%
Q4 24
2.1%
3.6%
Q3 24
1.1%
8.1%
Q2 24
1.8%
2.7%
Cash Conversion
CBOE
CBOE
SWKS
SWKS
Q1 26
4.99×
Q4 25
1.12×
1.41×
Q3 25
0.51×
Q2 25
1.42×
2.99×
Q1 25
3.64×
5.96×
Q4 24
-3.62×
2.33×
Q3 24
-2.65×
7.87×
Q2 24
10.64×
2.26×

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%

SWKS
SWKS

Sales Channel Through Intermediary$915.6M88%
Sales Channel Directly To Consumer$119.8M12%

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