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Side-by-side financial comparison of CME Group (CME) and GLOBAL PARTNERS LP (GLP). Click either name above to swap in a different company.

GLOBAL PARTNERS LP is the larger business by last-quarter revenue ($2.2B vs $1.9B, roughly 1.2× CME Group). GLOBAL PARTNERS LP runs the higher net margin — 1.1% vs 0.1%, a 1.1% gap on every dollar of revenue. On growth, CME Group posted the faster year-over-year revenue change (14.5% vs 7.0%). Over the past eight quarters, CME Group's revenue compounded faster (10.8% CAGR vs 0.2%).

CME Group Inc. is an American financial services company based in Chicago, Illinois. It operates financial derivatives exchanges, including the Chicago Mercantile Exchange (CME), the Chicago Board of Trade (CBOT), the New York Mercantile Exchange (NYMEX), and the Commodity Exchange (COMEX). The company owns 27% of S&P Dow Jones Indices. It is the world's largest operator of financial derivatives exchanges. Its exchanges are platforms for trading in agricultural products, currencies, energy, i...

Global Partners LP is an American energy supply company ranked 361 in the 2018 Fortune 500. The company is organized as a master limited partnership, and its operations focus on the importing of petroleum products and marketing them in North America. It wholesales products like crude oil, diesel oil, gasoline, heating oil and kerosene.

CME vs GLP — Head-to-Head

Bigger by revenue
GLP
GLP
1.2× larger
GLP
$2.2B
$1.9B
CME
Growing faster (revenue YoY)
CME
CME
+7.5% gap
CME
14.5%
7.0%
GLP
Higher net margin
GLP
GLP
1.1% more per $
GLP
1.1%
0.1%
CME
Faster 2-yr revenue CAGR
CME
CME
Annualised
CME
10.8%
0.2%
GLP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CME
CME
GLP
GLP
Revenue
$1.9B
$2.2B
Net Profit
$1.2M
$25.1M
Gross Margin
11.9%
Operating Margin
0.1%
2.6%
Net Margin
0.1%
1.1%
Revenue YoY
14.5%
7.0%
Net Profit YoY
20.7%
5.0%
EPS (diluted)

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
CME
CME
GLP
GLP
Q1 26
$1.9B
Q4 25
$1.6B
$2.2B
Q3 25
$1.5B
$2.2B
Q2 25
$1.7B
$2.1B
Q1 25
$1.6B
$2.2B
Q4 24
$1.5B
$2.1B
Q3 24
$1.6B
$2.1B
Q2 24
$1.5B
$2.3B
Net Profit
CME
CME
GLP
GLP
Q1 26
$1.2M
Q4 25
$1.2B
$25.1M
Q3 25
$908.0M
$29.0M
Q2 25
$1.0B
$25.2M
Q1 25
$956.2M
$18.7M
Q4 24
$874.6M
$23.9M
Q3 24
$912.8M
$45.9M
Q2 24
$883.2M
$46.1M
Gross Margin
CME
CME
GLP
GLP
Q1 26
Q4 25
11.9%
Q3 25
12.1%
Q2 25
13.1%
Q1 25
11.7%
Q4 24
13.0%
Q3 24
13.4%
Q2 24
12.6%
Operating Margin
CME
CME
GLP
GLP
Q1 26
0.1%
Q4 25
61.8%
2.6%
Q3 25
63.3%
2.7%
Q2 25
66.7%
2.9%
Q1 25
67.5%
2.6%
Q4 24
62.1%
2.8%
Q3 24
64.6%
3.9%
Q2 24
65.3%
3.7%
Net Margin
CME
CME
GLP
GLP
Q1 26
0.1%
Q4 25
71.7%
1.1%
Q3 25
59.1%
1.3%
Q2 25
60.6%
1.2%
Q1 25
58.2%
0.9%
Q4 24
57.3%
1.2%
Q3 24
57.6%
2.1%
Q2 24
57.6%
2.0%
EPS (diluted)
CME
CME
GLP
GLP
Q1 26
Q4 25
$3.24
Q3 25
$2.49
Q2 25
$2.81
Q1 25
$2.62
Q4 24
$2.40
Q3 24
$2.50
Q2 24
$2.42

Balance Sheet & Financial Strength

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

Metric
CME
CME
GLP
GLP
Cash + ST InvestmentsLiquidity on hand
$2.4B
Total DebtLower is stronger
$3.4B
Stockholders' EquityBook value
Total Assets
$202.0B
$3.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CME
CME
GLP
GLP
Q1 26
$2.4B
Q4 25
$4.5B
Q3 25
$2.6B
Q2 25
$2.1B
Q1 25
$1.5B
Q4 24
$3.0B
Q3 24
$2.4B
Q2 24
$1.9B
Total Debt
CME
CME
GLP
GLP
Q1 26
$3.4B
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
CME
CME
GLP
GLP
Q1 26
Q4 25
$28.7B
Q3 25
$28.2B
Q2 25
$27.7B
Q1 25
$27.0B
Q4 24
$26.5B
Q3 24
$28.2B
Q2 24
$27.6B
Total Assets
CME
CME
GLP
GLP
Q1 26
$202.0B
Q4 25
$198.4B
$3.9B
Q3 25
$187.1B
$3.7B
Q2 25
$179.9B
$3.8B
Q1 25
$157.8B
$3.8B
Q4 24
$137.4B
$3.8B
Q3 24
$137.8B
$3.7B
Q2 24
$123.4B
$3.8B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CME
CME
GLP
GLP
Operating Cash FlowLast quarter
$101.0M
Free Cash FlowOCF − Capex
$62.2M
FCF MarginFCF / Revenue
2.8%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
4.03×
TTM Free Cash FlowTrailing 4 quarters
$193.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CME
CME
GLP
GLP
Q1 26
Q4 25
$1.1B
$101.0M
Q3 25
$968.1M
$19.0M
Q2 25
$1.1B
$216.3M
Q1 25
$1.1B
$-51.6M
Q4 24
$1.0B
$67.2M
Q3 24
$1.0B
$122.7M
Q2 24
$776.9M
$24.3M
Free Cash Flow
CME
CME
GLP
GLP
Q1 26
Q4 25
$1.1B
$62.2M
Q3 25
$949.7M
$-678.0K
Q2 25
$1.0B
$201.3M
Q1 25
$1.1B
$-69.5M
Q4 24
$991.7M
$20.4M
Q3 24
$973.2M
$98.4M
Q2 24
$758.7M
$8.7M
FCF Margin
CME
CME
GLP
GLP
Q1 26
Q4 25
66.8%
2.8%
Q3 25
61.8%
-0.0%
Q2 25
61.5%
9.7%
Q1 25
67.1%
-3.2%
Q4 24
65.0%
1.0%
Q3 24
61.4%
4.6%
Q2 24
49.5%
0.4%
Capex Intensity
CME
CME
GLP
GLP
Q1 26
Q4 25
2.0%
1.8%
Q3 25
1.2%
0.9%
Q2 25
1.1%
0.7%
Q1 25
0.9%
0.8%
Q4 24
1.7%
2.3%
Q3 24
1.9%
1.1%
Q2 24
1.2%
0.7%
Cash Conversion
CME
CME
GLP
GLP
Q1 26
Q4 25
0.96×
4.03×
Q3 25
1.07×
0.66×
Q2 25
1.03×
8.58×
Q1 25
1.17×
-2.76×
Q4 24
1.16×
2.82×
Q3 24
1.10×
2.67×
Q2 24
0.88×
0.53×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CME
CME

Segment breakdown not available.

GLP
GLP

Gasoline$1.0B46%
Refined Petroleum Products Renewable Fuels Crude Oil And Propane$884.7M40%
Commercial Segment$187.6M8%
Station Operations$110.5M5%

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