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Side-by-side financial comparison of CME Group (CME) and DENTSPLY SIRONA Inc. (XRAY). Click either name above to swap in a different company.

CME Group is the larger business by last-quarter revenue ($1.9B vs $961.0M, roughly 2.0× DENTSPLY SIRONA Inc.). CME Group runs the higher net margin — 0.1% vs -15.2%, a 15.3% gap on every dollar of revenue. On growth, CME Group posted the faster year-over-year revenue change (14.5% vs 6.2%). Over the past eight quarters, CME Group's revenue compounded faster (10.8% CAGR vs 0.4%).

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...

Dentsply Sirona Inc. is an American dental equipment manufacturer and dental consumables producer that markets its products in over 120 countries. It has factories in 21 countries. The present company is largely the result of a merger in 1993 in which Gendex Corporation acquired Dentsply International Inc. for $590 million.

CME vs XRAY — Head-to-Head

Bigger by revenue
CME
CME
2.0× larger
CME
$1.9B
$961.0M
XRAY
Growing faster (revenue YoY)
CME
CME
+8.3% gap
CME
14.5%
6.2%
XRAY
Higher net margin
CME
CME
15.3% more per $
CME
0.1%
-15.2%
XRAY
Faster 2-yr revenue CAGR
CME
CME
Annualised
CME
10.8%
0.4%
XRAY

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CME
CME
XRAY
XRAY
Revenue
$1.9B
$961.0M
Net Profit
$1.2M
$-146.0M
Gross Margin
46.1%
Operating Margin
0.1%
-14.5%
Net Margin
0.1%
-15.2%
Revenue YoY
14.5%
6.2%
Net Profit YoY
20.7%
66.0%
EPS (diluted)
$-0.74

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
XRAY
XRAY
Q1 26
$1.9B
Q4 25
$1.6B
$961.0M
Q3 25
$1.5B
$904.0M
Q2 25
$1.7B
$936.0M
Q1 25
$1.6B
$879.0M
Q4 24
$1.5B
$905.0M
Q3 24
$1.6B
$951.0M
Q2 24
$1.5B
$984.0M
Net Profit
CME
CME
XRAY
XRAY
Q1 26
$1.2M
Q4 25
$1.2B
$-146.0M
Q3 25
$908.0M
$-427.0M
Q2 25
$1.0B
$-45.0M
Q1 25
$956.2M
$20.0M
Q4 24
$874.6M
$-430.0M
Q3 24
$912.8M
$-494.0M
Q2 24
$883.2M
$-4.0M
Gross Margin
CME
CME
XRAY
XRAY
Q1 26
Q4 25
46.1%
Q3 25
48.8%
Q2 25
52.4%
Q1 25
53.0%
Q4 24
49.3%
Q3 24
52.1%
Q2 24
51.9%
Operating Margin
CME
CME
XRAY
XRAY
Q1 26
0.1%
Q4 25
61.8%
-14.5%
Q3 25
63.3%
-24.1%
Q2 25
66.7%
-13.7%
Q1 25
67.5%
7.2%
Q4 24
62.1%
-56.2%
Q3 24
64.6%
-48.6%
Q2 24
65.3%
5.1%
Net Margin
CME
CME
XRAY
XRAY
Q1 26
0.1%
Q4 25
71.7%
-15.2%
Q3 25
59.1%
-47.2%
Q2 25
60.6%
-4.8%
Q1 25
58.2%
2.3%
Q4 24
57.3%
-47.5%
Q3 24
57.6%
-51.9%
Q2 24
57.6%
-0.4%
EPS (diluted)
CME
CME
XRAY
XRAY
Q1 26
Q4 25
$3.24
$-0.74
Q3 25
$2.49
$-2.14
Q2 25
$2.81
$-0.22
Q1 25
$2.62
$0.10
Q4 24
$2.40
$-2.09
Q3 24
$2.50
$-2.46
Q2 24
$2.42
$-0.02

Balance Sheet & Financial Strength

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

Metric
CME
CME
XRAY
XRAY
Cash + ST InvestmentsLiquidity on hand
$2.4B
$326.0M
Total DebtLower is stronger
$3.4B
$2.3B
Stockholders' EquityBook value
$1.3B
Total Assets
$202.0B
$5.4B
Debt / EquityLower = less leverage
1.70×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CME
CME
XRAY
XRAY
Q1 26
$2.4B
Q4 25
$4.5B
$326.0M
Q3 25
$2.6B
$363.0M
Q2 25
$2.1B
$359.0M
Q1 25
$1.5B
$398.0M
Q4 24
$3.0B
$272.0M
Q3 24
$2.4B
$296.0M
Q2 24
$1.9B
$279.0M
Total Debt
CME
CME
XRAY
XRAY
Q1 26
$3.4B
Q4 25
$2.3B
Q3 25
Q2 25
Q1 25
Q4 24
$1.7B
Q3 24
Q2 24
Stockholders' Equity
CME
CME
XRAY
XRAY
Q1 26
Q4 25
$28.7B
$1.3B
Q3 25
$28.2B
$1.5B
Q2 25
$27.7B
$2.0B
Q1 25
$27.0B
$2.0B
Q4 24
$26.5B
$1.9B
Q3 24
$28.2B
$2.5B
Q2 24
$27.6B
$3.1B
Total Assets
CME
CME
XRAY
XRAY
Q1 26
$202.0B
Q4 25
$198.4B
$5.4B
Q3 25
$187.1B
$5.7B
Q2 25
$179.9B
$6.1B
Q1 25
$157.8B
$6.0B
Q4 24
$137.4B
$5.8B
Q3 24
$137.8B
$6.6B
Q2 24
$123.4B
$6.9B
Debt / Equity
CME
CME
XRAY
XRAY
Q1 26
Q4 25
1.70×
Q3 25
Q2 25
Q1 25
Q4 24
0.90×
Q3 24
Q2 24

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
XRAY
XRAY
Operating Cash FlowLast quarter
$101.0M
Free Cash FlowOCF − Capex
$60.0M
FCF MarginFCF / Revenue
6.2%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$104.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CME
CME
XRAY
XRAY
Q1 26
Q4 25
$1.1B
$101.0M
Q3 25
$968.1M
$79.0M
Q2 25
$1.1B
$48.0M
Q1 25
$1.1B
$7.0M
Q4 24
$1.0B
$87.0M
Q3 24
$1.0B
$141.0M
Q2 24
$776.9M
$208.0M
Free Cash Flow
CME
CME
XRAY
XRAY
Q1 26
Q4 25
$1.1B
$60.0M
Q3 25
$949.7M
$40.0M
Q2 25
$1.0B
$16.0M
Q1 25
$1.1B
$-12.0M
Q4 24
$991.7M
$36.0M
Q3 24
$973.2M
$98.0M
Q2 24
$758.7M
$156.0M
FCF Margin
CME
CME
XRAY
XRAY
Q1 26
Q4 25
66.8%
6.2%
Q3 25
61.8%
4.4%
Q2 25
61.5%
1.7%
Q1 25
67.1%
-1.4%
Q4 24
65.0%
4.0%
Q3 24
61.4%
10.3%
Q2 24
49.5%
15.9%
Capex Intensity
CME
CME
XRAY
XRAY
Q1 26
Q4 25
2.0%
4.3%
Q3 25
1.2%
4.3%
Q2 25
1.1%
3.4%
Q1 25
0.9%
2.2%
Q4 24
1.7%
5.6%
Q3 24
1.9%
4.5%
Q2 24
1.2%
5.3%
Cash Conversion
CME
CME
XRAY
XRAY
Q1 26
Q4 25
0.96×
Q3 25
1.07×
Q2 25
1.03×
Q1 25
1.17×
0.35×
Q4 24
1.16×
Q3 24
1.10×
Q2 24
0.88×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CME
CME

Segment breakdown not available.

XRAY
XRAY

Essential Dental Solutions$372.0M39%
Equipment And Instruments$160.0M17%
Implants And Prosthetics$150.0M16%
CADCAM$139.0M14%
Wellspect Healthcare$88.0M9%
Orthodontics$52.0M5%

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