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Side-by-side financial comparison of Cboe Global Markets (CBOE) and Symbotic Inc. (SYM). Click either name above to swap in a different company.
Cboe Global Markets is the larger business by last-quarter revenue ($1.3B vs $630.0M, roughly 2.0× Symbotic Inc.). Cboe Global Markets runs the higher net margin — 30.3% vs 2.1%, a 28.2% gap on every dollar of revenue. On growth, Symbotic Inc. posted the faster year-over-year revenue change (29.4% vs 6.5%). Over the past eight quarters, Cboe Global Markets's revenue compounded faster (14.3% CAGR vs 13.2%).
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.
Symbotic Inc. is an American robotics warehouse automation company based in Wilmington, Massachusetts.
CBOE vs SYM — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $630.0M |
| Net Profit | $385.7M | $13.4M |
| Gross Margin | 57.3% | 21.2% |
| Operating Margin | 39.7% | 79.9% |
| Net Margin | 30.3% | 2.1% |
| Revenue YoY | 6.5% | 29.4% |
| Net Profit YoY | 53.9% | 248.9% |
| EPS (diluted) | $3.66 | — |
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.
| Q1 26 | $1.3B | $630.0M | ||
| Q4 25 | $1.2B | $630.0M | ||
| Q3 25 | $1.1B | $618.5M | ||
| Q2 25 | $1.2B | $592.1M | ||
| Q1 25 | $1.2B | $549.7M | ||
| Q4 24 | $1.1B | $486.7M | ||
| Q3 24 | $1.1B | $503.6M | ||
| Q2 24 | $974.0M | $491.9M |
| Q1 26 | $385.7M | $13.4M | ||
| Q4 25 | $313.5M | $2.6M | ||
| Q3 25 | $300.8M | $-3.6M | ||
| Q2 25 | $235.1M | $-5.9M | ||
| Q1 25 | $250.6M | $-3.9M | ||
| Q4 24 | $196.5M | $-3.5M | ||
| Q3 24 | $218.5M | $-2.5M | ||
| Q2 24 | $140.4M | $-2.5M |
| Q1 26 | 57.3% | 21.2% | ||
| Q4 25 | 55.7% | 21.2% | ||
| Q3 25 | 53.0% | 20.6% | ||
| Q2 25 | 50.0% | 18.2% | ||
| Q1 25 | 47.3% | 19.6% | ||
| Q4 24 | 47.4% | 16.4% | ||
| Q3 24 | 50.4% | 12.7% | ||
| Q2 24 | 52.8% | 13.7% |
| Q1 26 | 39.7% | 79.9% | ||
| Q4 25 | 33.5% | 1.0% | ||
| Q3 25 | 32.4% | -3.5% | ||
| Q2 25 | 28.9% | -6.2% | ||
| Q1 25 | 29.6% | -5.8% | ||
| Q4 24 | 27.0% | -5.1% | ||
| Q3 24 | 29.1% | -4.3% | ||
| Q2 24 | 21.6% | -5.1% |
| Q1 26 | 30.3% | 2.1% | ||
| Q4 25 | 26.0% | 0.4% | ||
| Q3 25 | 26.3% | -0.6% | ||
| Q2 25 | 20.0% | -1.0% | ||
| Q1 25 | 21.0% | -0.7% | ||
| Q4 24 | 17.7% | -0.7% | ||
| Q3 24 | 20.7% | -0.5% | ||
| Q2 24 | 14.4% | -0.5% |
| Q1 26 | $3.66 | — | ||
| Q4 25 | $2.97 | $0.02 | ||
| Q3 25 | $2.85 | $-0.04 | ||
| Q2 25 | $2.23 | $-0.05 | ||
| Q1 25 | $2.37 | $-0.04 | ||
| Q4 24 | $1.85 | $-0.03 | ||
| Q3 24 | $2.07 | $-0.03 | ||
| Q2 24 | $1.33 | $-0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.1B | $1.8B |
| Total DebtLower is stronger | $1.4B | — |
| Stockholders' EquityBook value | $5.4B | $663.8M |
| Total Assets | $11.1B | $3.0B |
| Debt / EquityLower = less leverage | 0.27× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $2.1B | $1.8B | ||
| Q4 25 | $2.3B | $1.8B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.5B | $777.6M | ||
| Q1 25 | $1.2B | $954.9M | ||
| Q4 24 | $1.0B | $903.0M | ||
| Q3 24 | $763.2M | $727.3M | ||
| Q2 24 | $698.3M | $870.5M |
| Q1 26 | $1.4B | — | ||
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — |
| Q1 26 | $5.4B | $663.8M | ||
| Q4 25 | $5.1B | $663.8M | ||
| Q3 25 | $4.9B | $221.3M | ||
| Q2 25 | $4.7B | $210.8M | ||
| Q1 25 | $4.5B | $205.4M | ||
| Q4 24 | $4.3B | $196.5M | ||
| Q3 24 | $4.2B | $197.2M | ||
| Q2 24 | $4.0B | $418.7M |
| Q1 26 | $11.1B | $3.0B | ||
| Q4 25 | $9.3B | $3.0B | ||
| Q3 25 | $9.1B | $2.4B | ||
| Q2 25 | $9.0B | $1.8B | ||
| Q1 25 | $8.7B | $2.0B | ||
| Q4 24 | $7.8B | $1.7B | ||
| Q3 24 | $8.7B | $1.6B | ||
| Q2 24 | $9.3B | $1.6B |
| Q1 26 | 0.27× | — | ||
| Q4 25 | 0.28× | — | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.34× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $191.5M |
| Free Cash FlowOCF − Capex | — | $189.5M |
| FCF MarginFCF / Revenue | — | 30.1% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 14.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $191.5M | ||
| Q4 25 | $352.1M | $191.5M | ||
| Q3 25 | $153.9M | $530.7M | ||
| Q2 25 | $333.7M | $-138.3M | ||
| Q1 25 | $912.9M | $269.6M | ||
| Q4 24 | $-710.4M | $205.0M | ||
| Q3 24 | $-578.5M | $-99.4M | ||
| Q2 24 | $1.5B | $50.4M |
| Q1 26 | — | $189.5M | ||
| Q4 25 | $332.1M | — | ||
| Q3 25 | $137.9M | — | ||
| Q2 25 | $313.4M | — | ||
| Q1 25 | $898.2M | — | ||
| Q4 24 | $-734.2M | $197.7M | ||
| Q3 24 | $-590.5M | $-120.1M | ||
| Q2 24 | $1.5B | $33.5M |
| Q1 26 | — | 30.1% | ||
| Q4 25 | 27.6% | — | ||
| Q3 25 | 12.1% | — | ||
| Q2 25 | 26.7% | — | ||
| Q1 25 | 75.2% | — | ||
| Q4 24 | -66.3% | 40.6% | ||
| Q3 24 | -55.9% | -23.9% | ||
| Q2 24 | 151.6% | 6.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 2.1% | 1.5% | ||
| Q3 24 | 1.1% | 4.1% | ||
| Q2 24 | 1.8% | 3.4% |
| Q1 26 | — | 14.34× | ||
| Q4 25 | 1.12× | 73.61× | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 1.42× | — | ||
| Q1 25 | 3.64× | — | ||
| Q4 24 | -3.62× | — | ||
| Q3 24 | -2.65× | — | ||
| Q2 24 | 10.64× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CBOE
| Derivatives markets | $609.3M | 48% |
| Cash and spot markets | $482.2M | 38% |
| Data Vantage | $181.3M | 14% |
SYM
| Systems | $590.3M | 94% |
| Operation services | $28.8M | 5% |
| Software maintenance and support | $10.9M | 2% |
