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Cboe Global Markets（CBOE）与Centuri Holdings, Inc.（CTRI）财务数据对比。点击上方公司名可切换其他公司
Cboe Global Markets的季度营收约是Centuri Holdings, Inc.的1.4倍（$1.2B vs $858.6M），Cboe Global Markets净利率更高（26.0% vs 3.5%，领先22.5%），Centuri Holdings, Inc.同比增速更快（19.7% vs 8.7%），Cboe Global Markets自由现金流更多（$332.1M vs $66.3M），过去两年Centuri Holdings, Inc.的营收复合增速更高（27.5% vs 12.2%）
Cboe Global Markets是总部位于美国芝加哥的金融交易所运营集团，旗下拥有并运营多类交易所及交易场所，业务覆盖股票、期权、期货、数字资产等多个交易领域，为全球市场参与者提供专业交易服务支持。
Centuri Holdings前身为Allied Leisure，是美国街机游戏制造商，总部位于佛罗里达州海厄利亚。20世纪80年代初，它是美国排名前六的投币式街机视频游戏设备供应商之一。1980年，原Taito美国总裁埃德·米勒与合伙人比尔·奥利吉斯收购Allied Leisure后，将其更名为Centuri。
CBOE vs CTRI — 直观对比
营收规模更大
CBOE
是对方的1.4倍
$858.6M
营收增速更快
CTRI
高出11.0%
8.7%
净利率更高
CBOE
高出22.5%
3.5%
自由现金流更多
CBOE
多$265.8M
$66.3M
两年增速更快
CTRI
近两年复合增速
12.2%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $858.6M |
| 净利润 | $313.5M | $30.4M |
| 毛利率 | 55.7% | 9.4% |
| 营业利润率 | 33.5% | 4.3% |
| 净利率 | 26.0% | 3.5% |
| 营收同比 | 8.7% | 19.7% |
| 净利润同比 | 59.5% | 194.1% |
| 每股收益（稀释后） | $2.97 | $0.34 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CBOECTRI
| Q4 25 | $1.2B | $858.6M | ||
| Q3 25 | $1.1B | $850.0M | ||
| Q2 25 | $1.2B | $724.1M | ||
| Q1 25 | $1.2B | $550.1M | ||
| Q4 24 | $1.1B | $717.1M | ||
| Q3 24 | $1.1B | $720.1M | ||
| Q2 24 | $974.0M | $672.1M | ||
| Q1 24 | $957.2M | $528.0M |
净利润CBOECTRI
| Q4 25 | $313.5M | $30.4M | ||
| Q3 25 | $300.8M | $2.1M | ||
| Q2 25 | $235.1M | $8.1M | ||
| Q1 25 | $250.6M | $-17.9M | ||
| Q4 24 | $196.5M | $10.3M | ||
| Q3 24 | $218.5M | $-3.7M | ||
| Q2 24 | $140.4M | $11.7M | ||
| Q1 24 | $209.5M | $-25.1M |
毛利率CBOECTRI
| Q4 25 | 55.7% | 9.4% | ||
| Q3 25 | 53.0% | 9.2% | ||
| Q2 25 | 50.0% | 9.4% | ||
| Q1 25 | 47.3% | 3.7% | ||
| Q4 24 | 47.4% | 9.9% | ||
| Q3 24 | 50.4% | 10.5% | ||
| Q2 24 | 52.8% | 9.0% | ||
| Q1 24 | 52.5% | 2.5% |
营业利润率CBOECTRI
| Q4 25 | 33.5% | 4.3% | ||
| Q3 25 | 32.4% | 4.3% | ||
| Q2 25 | 28.9% | 4.4% | ||
| Q1 25 | 29.6% | -2.3% | ||
| Q4 24 | 27.0% | 4.7% | ||
| Q3 24 | 29.1% | 5.8% | ||
| Q2 24 | 21.6% | 4.9% | ||
| Q1 24 | 29.5% | -4.2% |
净利率CBOECTRI
| Q4 25 | 26.0% | 3.5% | ||
| Q3 25 | 26.3% | 0.2% | ||
| Q2 25 | 20.0% | 1.1% | ||
| Q1 25 | 21.0% | -3.3% | ||
| Q4 24 | 17.7% | 1.4% | ||
| Q3 24 | 20.7% | -0.5% | ||
| Q2 24 | 14.4% | 1.7% | ||
| Q1 24 | 21.9% | -4.7% |
每股收益（稀释后）CBOECTRI
| Q4 25 | $2.97 | $0.34 | ||
| Q3 25 | $2.85 | $0.02 | ||
| Q2 25 | $2.23 | $0.09 | ||
| Q1 25 | $2.37 | $-0.20 | ||
| Q4 24 | $1.85 | $0.17 | ||
| Q3 24 | $2.07 | $-0.04 | ||
| Q2 24 | $1.33 | $0.14 | ||
| Q1 24 | $1.96 | $-0.35 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $2.3B | $126.6M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $5.1B | $873.0M |
| 总资产 | $9.3B | $2.4B |
| 负债/权益比越低杠杆越低 | 0.28× | — |
8季度趋势，按日历期对齐
现金及短期投资CBOECTRI
| Q4 25 | $2.3B | $126.6M | ||
| Q3 25 | $1.5B | $16.1M | ||
| Q2 25 | $1.5B | $28.3M | ||
| Q1 25 | $1.2B | $15.3M | ||
| Q4 24 | $1.0B | $49.0M | ||
| Q3 24 | $763.2M | $52.5M | ||
| Q2 24 | $698.3M | $30.9M | ||
| Q1 24 | $595.1M | $18.4M |
总债务CBOECTRI
| 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 24 | $1.4B | — |
股东权益CBOECTRI
| Q4 25 | $5.1B | $873.0M | ||
| Q3 25 | $4.9B | $585.2M | ||
| Q2 25 | $4.7B | $567.1M | ||
| Q1 25 | $4.5B | $536.5M | ||
| Q4 24 | $4.3B | $555.6M | ||
| Q3 24 | $4.2B | $527.3M | ||
| Q2 24 | $4.0B | $530.4M | ||
| Q1 24 | $4.0B | $197.8M |
总资产CBOECTRI
| Q4 25 | $9.3B | $2.4B | ||
| Q3 25 | $9.1B | $2.2B | ||
| Q2 25 | $9.0B | $2.1B | ||
| Q1 25 | $8.7B | $2.0B | ||
| Q4 24 | $7.8B | $2.1B | ||
| Q3 24 | $8.7B | $2.1B | ||
| Q2 24 | $9.3B | $2.2B | ||
| Q1 24 | $8.2B | $2.1B |
负债/权益比CBOECTRI
| 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× | — | ||
| Q1 24 | 0.36× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $352.1M | $83.9M |
| 自由现金流经营现金流 - 资本支出 | $332.1M | $66.3M |
| 自由现金流率自由现金流/营收 | 27.6% | 7.7% |
| 资本支出强度资本支出/营收 | 1.7% | 2.0% |
| 现金转化率经营现金流/净利润 | 1.12× | 2.76× |
| 过去12个月自由现金流最近4个季度 | $1.7B | $-8.2M |
8季度趋势，按日历期对齐
经营现金流CBOECTRI
| Q4 25 | $352.1M | $83.9M | ||
| Q3 25 | $153.9M | $5.2M | ||
| Q2 25 | $333.7M | $-27.7M | ||
| Q1 25 | $912.9M | $16.7M | ||
| Q4 24 | $-710.4M | $61.0M | ||
| Q3 24 | $-578.5M | $180.2M | ||
| Q2 24 | $1.5B | $-56.6M | ||
| Q1 24 | $895.6M | $-26.5M |
自由现金流CBOECTRI
| Q4 25 | $332.1M | $66.3M | ||
| Q3 25 | $137.9M | $-18.4M | ||
| Q2 25 | $313.4M | $-48.5M | ||
| Q1 25 | $898.2M | $-7.7M | ||
| Q4 24 | $-734.2M | $27.8M | ||
| Q3 24 | $-590.5M | $160.7M | ||
| Q2 24 | $1.5B | $-76.9M | ||
| Q1 24 | $888.3M | $-52.7M |
自由现金流率CBOECTRI
| Q4 25 | 27.6% | 7.7% | ||
| Q3 25 | 12.1% | -2.2% | ||
| Q2 25 | 26.7% | -6.7% | ||
| Q1 25 | 75.2% | -1.4% | ||
| Q4 24 | -66.3% | 3.9% | ||
| Q3 24 | -55.9% | 22.3% | ||
| Q2 24 | 151.6% | -11.4% | ||
| Q1 24 | 92.8% | -10.0% |
资本支出强度CBOECTRI
| Q4 25 | 1.7% | 2.0% | ||
| Q3 25 | 1.4% | 2.8% | ||
| Q2 25 | 1.7% | 2.9% | ||
| Q1 25 | 1.2% | 4.4% | ||
| Q4 24 | 2.1% | 4.6% | ||
| Q3 24 | 1.1% | 2.7% | ||
| Q2 24 | 1.8% | 3.0% | ||
| Q1 24 | 0.8% | 5.0% |
现金转化率CBOECTRI
| Q4 25 | 1.12× | 2.76× | ||
| Q3 25 | 0.51× | 2.48× | ||
| Q2 25 | 1.42× | -3.43× | ||
| Q1 25 | 3.64× | — | ||
| Q4 24 | -3.62× | 5.90× | ||
| Q3 24 | -2.65× | — | ||
| Q2 24 | 10.64× | -4.84× | ||
| Q1 24 | 4.27× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CBOE
| Liquidity Payments | $443.6M | 37% |
| Cash And Spot Markets | $431.3M | 36% |
| Transferred Over Time | $84.3M | 7% |
| Market Data Fees | $82.7M | 7% |
| Royalty Fees | $68.9M | 6% |
| Futures | $36.1M | 3% |
| Global FX | $24.4M | 2% |
| Other Revenue | $23.1M | 2% |
| Routing And Clearing | $20.1M | 2% |
CTRI
| Master Services Agreement | $660.7M | 77% |
| Non Union Electric Segment | $163.4M | 19% |
| Related Party | $25.6M | 3% |
