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Cboe Global Markets（CBOE）与Reddit, Inc.（RDDT）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Reddit, Inc.的1.8倍（$1.2B vs $663.0M），Reddit, Inc.净利率更高（30.8% vs 26.0%，领先4.7%），Reddit, Inc.同比增速更快（69.0% vs 8.7%），Cboe Global Markets自由现金流更多（$332.1M vs $311.0M），过去两年Reddit, Inc.的营收复合增速更高（53.6% 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。
Reddit是美国知名的社交新闻聚合与论坛类社交媒体平台，注册用户可发布链接、文字帖、图片、视频等各类内容，其他用户可对内容进行点赞或点踩，内容按主题归类到用户创建的子板块中，获赞更高的内容会排在板块前列，热度足够的内容还将展示在全站首页。
CBOE vs RDDT — 直观对比
营收规模更大
CBOE
是对方的1.8倍
$663.0M
营收增速更快
RDDT
高出60.3%
8.7%
净利率更高
RDDT
高出4.7%
26.0%
自由现金流更多
CBOE
多$21.1M
$311.0M
两年增速更快
RDDT
近两年复合增速
12.2%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $663.0M |
| 净利润 | $313.5M | $204.0M |
| 毛利率 | 55.7% | 100.0% |
| 营业利润率 | 33.5% | 0.0% |
| 净利率 | 26.0% | 30.8% |
| 营收同比 | 8.7% | 69.0% |
| 净利润同比 | 59.5% | 680.0% |
| 每股收益（稀释后） | $2.97 | $1.01 |
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CBOERDDT
| Q1 26 | — | $663.0M | ||
| Q4 25 | $1.2B | $725.6M | ||
| Q3 25 | $1.1B | $584.9M | ||
| Q2 25 | $1.2B | $499.6M | ||
| Q1 25 | $1.2B | $392.4M | ||
| Q4 24 | $1.1B | $427.7M | ||
| Q3 24 | $1.1B | $348.4M | ||
| Q2 24 | $974.0M | $281.2M |
净利润CBOERDDT
| Q1 26 | — | $204.0M | ||
| Q4 25 | $313.5M | $251.6M | ||
| Q3 25 | $300.8M | $162.7M | ||
| Q2 25 | $235.1M | $89.3M | ||
| Q1 25 | $250.6M | $26.2M | ||
| Q4 24 | $196.5M | $71.0M | ||
| Q3 24 | $218.5M | $29.9M | ||
| Q2 24 | $140.4M | $-10.1M |
毛利率CBOERDDT
| Q1 26 | — | 100.0% | ||
| Q4 25 | 55.7% | 91.9% | ||
| Q3 25 | 53.0% | 91.0% | ||
| Q2 25 | 50.0% | 90.8% | ||
| Q1 25 | 47.3% | 90.5% | ||
| Q4 24 | 47.4% | 92.6% | ||
| Q3 24 | 50.4% | 90.1% | ||
| Q2 24 | 52.8% | 89.5% |
营业利润率CBOERDDT
| Q1 26 | — | 0.0% | ||
| Q4 25 | 33.5% | 31.9% | ||
| Q3 25 | 32.4% | 23.7% | ||
| Q2 25 | 28.9% | 13.6% | ||
| Q1 25 | 29.6% | 1.0% | ||
| Q4 24 | 27.0% | 12.4% | ||
| Q3 24 | 29.1% | 2.0% | ||
| Q2 24 | 21.6% | -11.0% |
净利率CBOERDDT
| Q1 26 | — | 30.8% | ||
| Q4 25 | 26.0% | 34.7% | ||
| Q3 25 | 26.3% | 27.8% | ||
| Q2 25 | 20.0% | 17.9% | ||
| Q1 25 | 21.0% | 6.7% | ||
| Q4 24 | 17.7% | 16.6% | ||
| Q3 24 | 20.7% | 8.6% | ||
| Q2 24 | 14.4% | -3.6% |
每股收益（稀释后）CBOERDDT
| Q1 26 | — | $1.01 | ||
| Q4 25 | $2.97 | $1.24 | ||
| Q3 25 | $2.85 | $0.80 | ||
| Q2 25 | $2.23 | $0.45 | ||
| Q1 25 | $2.37 | $0.13 | ||
| Q4 24 | $1.85 | $4.76 | ||
| Q3 24 | $2.07 | $0.16 | ||
| Q2 24 | $1.33 | $-0.06 |
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 | $1.4B |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $5.1B | $3.2B |
| 总资产 | $9.3B | $3.5B |
| 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CBOERDDT
| Q1 26 | — | $1.4B | ||
| Q4 25 | $2.3B | $953.6M | ||
| Q3 25 | $1.5B | $911.7M | ||
| Q2 25 | $1.5B | $734.1M | ||
| Q1 25 | $1.2B | $635.7M | ||
| Q4 24 | $1.0B | $562.1M | ||
| Q3 24 | $763.2M | $515.9M | ||
| Q2 24 | $698.3M | $468.0M |
总债务CBOERDDT
| Q1 26 | — | — | ||
| 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 | — |
股东权益CBOERDDT
| Q1 26 | — | $3.2B | ||
| Q4 25 | $5.1B | $2.9B | ||
| Q3 25 | $4.9B | $2.6B | ||
| Q2 25 | $4.7B | $2.4B | ||
| Q1 25 | $4.5B | $2.2B | ||
| Q4 24 | $4.3B | $2.1B | ||
| Q3 24 | $4.2B | $2.0B | ||
| Q2 24 | $4.0B | $1.9B |
总资产CBOERDDT
| Q1 26 | — | $3.5B | ||
| Q4 25 | $9.3B | $3.2B | ||
| Q3 25 | $9.1B | $2.9B | ||
| Q2 25 | $9.0B | $2.6B | ||
| Q1 25 | $8.7B | $2.4B | ||
| Q4 24 | $7.8B | $2.3B | ||
| Q3 24 | $8.7B | $2.2B | ||
| Q2 24 | $9.3B | $2.1B |
负债/权益比CBOERDDT
| Q1 26 | — | — | ||
| 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× | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $332.1M | $311.0M |
| 自由现金流率自由现金流/营收 | 27.6% | 46.9% |
| 资本支出强度资本支出/营收 | 1.7% | — |
| 现金转化率经营现金流/净利润 | 1.12× | — |
| 过去12个月自由现金流最近4个季度 | $1.7B | $868.6M |
8季度趋势，按日历期对齐
经营现金流CBOERDDT
| Q1 26 | — | — | ||
| Q4 25 | $352.1M | $266.8M | ||
| Q3 25 | $153.9M | $185.2M | ||
| Q2 25 | $333.7M | $111.3M | ||
| Q1 25 | $912.9M | $127.6M | ||
| Q4 24 | $-710.4M | $90.0M | ||
| Q3 24 | $-578.5M | $71.6M | ||
| Q2 24 | $1.5B | $28.4M |
自由现金流CBOERDDT
| Q1 26 | — | $311.0M | ||
| Q4 25 | $332.1M | $263.6M | ||
| Q3 25 | $137.9M | $183.1M | ||
| Q2 25 | $313.4M | $110.8M | ||
| Q1 25 | $898.2M | $126.6M | ||
| Q4 24 | $-734.2M | $89.2M | ||
| Q3 24 | $-590.5M | $70.3M | ||
| Q2 24 | $1.5B | $27.2M |
自由现金流率CBOERDDT
| Q1 26 | — | 46.9% | ||
| Q4 25 | 27.6% | 36.3% | ||
| Q3 25 | 12.1% | 31.3% | ||
| Q2 25 | 26.7% | 22.2% | ||
| Q1 25 | 75.2% | 32.3% | ||
| Q4 24 | -66.3% | 20.8% | ||
| Q3 24 | -55.9% | 20.2% | ||
| Q2 24 | 151.6% | 9.7% |
资本支出强度CBOERDDT
| Q1 26 | — | — | ||
| Q4 25 | 1.7% | 0.4% | ||
| Q3 25 | 1.4% | 0.4% | ||
| Q2 25 | 1.7% | 0.1% | ||
| Q1 25 | 1.2% | 0.2% | ||
| Q4 24 | 2.1% | 0.2% | ||
| Q3 24 | 1.1% | 0.4% | ||
| Q2 24 | 1.8% | 0.4% |
现金转化率CBOERDDT
| Q1 26 | — | — | ||
| Q4 25 | 1.12× | 1.06× | ||
| Q3 25 | 0.51× | 1.14× | ||
| Q2 25 | 1.42× | 1.25× | ||
| Q1 25 | 3.64× | 4.88× | ||
| Q4 24 | -3.62× | 1.27× | ||
| Q3 24 | -2.65× | 2.40× | ||
| Q2 24 | 10.64× | — |
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% |
RDDT
暂无分部数据
