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Cboe Global Markets（CBOE）与罗致恒富（RHI）财务数据对比。点击上方公司名可切换其他公司
罗致恒富的季度营收约是Cboe Global Markets的1.1倍（$1.3B vs $1.2B），Cboe Global Markets同比增速更快（8.7% vs -5.8%），Cboe Global Markets自由现金流更多（$332.1M vs $170.8M），过去两年Cboe Global Markets的营收复合增速更高（12.2% vs -6.1%）
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。
罗致恒富是1948年成立的国际人力资源咨询机构，总部位于加利福尼亚州门洛帕克和圣拉蒙，是全球规模领先的会计与金融领域人才派遣服务商之一，在全球范围内设有超过345个办公点。
CBOE vs RHI — 直观对比
营收规模更大
RHI
是对方的1.1倍
$1.2B
营收增速更快
CBOE
高出14.5%
-5.8%
自由现金流更多
CBOE
多$161.3M
$170.8M
两年增速更快
CBOE
近两年复合增速
-6.1%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $1.3B |
| 净利润 | $313.5M | — |
| 毛利率 | 55.7% | 37.6% |
| 营业利润率 | 33.5% | 1.7% |
| 净利率 | 26.0% | — |
| 营收同比 | 8.7% | -5.8% |
| 净利润同比 | 59.5% | — |
| 每股收益（稀释后） | $2.97 | $0.32 |
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CBOERHI
| Q4 25 | $1.2B | $1.3B | ||
| Q3 25 | $1.1B | $1.4B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $974.0M | $1.5B | ||
| Q1 24 | $957.2M | $1.5B |
净利润CBOERHI
| Q4 25 | $313.5M | — | ||
| Q3 25 | $300.8M | $42.9M | ||
| Q2 25 | $235.1M | $41.0M | ||
| Q1 25 | $250.6M | $17.4M | ||
| Q4 24 | $196.5M | — | ||
| Q3 24 | $218.5M | $65.5M | ||
| Q2 24 | $140.4M | $68.2M | ||
| Q1 24 | $209.5M | $63.7M |
毛利率CBOERHI
| Q4 25 | 55.7% | 37.6% | ||
| Q3 25 | 53.0% | 37.2% | ||
| Q2 25 | 50.0% | 37.2% | ||
| Q1 25 | 47.3% | 36.9% | ||
| Q4 24 | 47.4% | 38.8% | ||
| Q3 24 | 50.4% | 39.0% | ||
| Q2 24 | 52.8% | 39.2% | ||
| Q1 24 | 52.5% | 38.1% |
营业利润率CBOERHI
| Q4 25 | 33.5% | 1.7% | ||
| Q3 25 | 32.4% | 1.0% | ||
| Q2 25 | 28.9% | 0.1% | ||
| Q1 25 | 29.6% | 2.9% | ||
| Q4 24 | 27.0% | 4.7% | ||
| Q3 24 | 29.1% | 4.1% | ||
| Q2 24 | 21.6% | 5.1% | ||
| Q1 24 | 29.5% | 2.8% |
净利率CBOERHI
| Q4 25 | 26.0% | — | ||
| Q3 25 | 26.3% | 3.2% | ||
| Q2 25 | 20.0% | 3.0% | ||
| Q1 25 | 21.0% | 1.3% | ||
| Q4 24 | 17.7% | — | ||
| Q3 24 | 20.7% | 4.5% | ||
| Q2 24 | 14.4% | 4.6% | ||
| Q1 24 | 21.9% | 4.3% |
每股收益（稀释后）CBOERHI
| Q4 25 | $2.97 | $0.32 | ||
| Q3 25 | $2.85 | $0.43 | ||
| Q2 25 | $2.23 | $0.41 | ||
| Q1 25 | $2.37 | $0.17 | ||
| Q4 24 | $1.85 | $0.53 | ||
| Q3 24 | $2.07 | $0.64 | ||
| Q2 24 | $1.33 | $0.66 | ||
| Q1 24 | $1.96 | $0.61 |
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 | $464.4M |
| 总债务越低越好 | $1.4B | — |
| 股东权益账面价值 | $5.1B | $1.3B |
| 总资产 | $9.3B | $2.9B |
| 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CBOERHI
| Q4 25 | $2.3B | $464.4M | ||
| Q3 25 | $1.5B | $365.3M | ||
| Q2 25 | $1.5B | $380.5M | ||
| Q1 25 | $1.2B | $342.5M | ||
| Q4 24 | $1.0B | $537.6M | ||
| Q3 24 | $763.2M | $570.5M | ||
| Q2 24 | $698.3M | $547.4M | ||
| Q1 24 | $595.1M | $540.9M |
总债务CBOERHI
| 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CBOERHI
| Q4 25 | $5.1B | $1.3B | ||
| Q3 25 | $4.9B | $1.3B | ||
| Q2 25 | $4.7B | $1.3B | ||
| Q1 25 | $4.5B | $1.3B | ||
| Q4 24 | $4.3B | $1.4B | ||
| Q3 24 | $4.2B | $1.5B | ||
| Q2 24 | $4.0B | $1.5B | ||
| Q1 24 | $4.0B | $1.5B |
总资产CBOERHI
| Q4 25 | $9.3B | $2.9B | ||
| Q3 25 | $9.1B | $2.8B | ||
| Q2 25 | $9.0B | $2.8B | ||
| Q1 25 | $8.7B | $2.7B | ||
| Q4 24 | $7.8B | $2.9B | ||
| Q3 24 | $8.7B | $3.0B | ||
| Q2 24 | $9.3B | $2.9B | ||
| Q1 24 | $8.2B | $2.9B |
负债/权益比CBOERHI
| 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 | $182.5M |
| 自由现金流经营现金流 - 资本支出 | $332.1M | $170.8M |
| 自由现金流率自由现金流/营收 | 27.6% | 13.1% |
| 资本支出强度资本支出/营收 | 1.7% | 0.9% |
| 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 | $266.8M |
8季度趋势，按日历期对齐
经营现金流CBOERHI
| Q4 25 | $352.1M | $182.5M | ||
| Q3 25 | $153.9M | $77.4M | ||
| Q2 25 | $333.7M | $119.4M | ||
| Q1 25 | $912.9M | $-59.3M | ||
| Q4 24 | $-710.4M | $154.8M | ||
| Q3 24 | $-578.5M | $129.6M | ||
| Q2 24 | $1.5B | $142.0M | ||
| Q1 24 | $895.6M | $-15.9M |
自由现金流CBOERHI
| Q4 25 | $332.1M | $170.8M | ||
| Q3 25 | $137.9M | $63.6M | ||
| Q2 25 | $313.4M | $104.2M | ||
| Q1 25 | $898.2M | $-71.7M | ||
| Q4 24 | $-734.2M | $140.5M | ||
| Q3 24 | $-590.5M | $111.8M | ||
| Q2 24 | $1.5B | $129.6M | ||
| Q1 24 | $888.3M | $-27.7M |
自由现金流率CBOERHI
| Q4 25 | 27.6% | 13.1% | ||
| Q3 25 | 12.1% | 4.7% | ||
| Q2 25 | 26.7% | 7.6% | ||
| Q1 25 | 75.2% | -5.3% | ||
| Q4 24 | -66.3% | 10.2% | ||
| Q3 24 | -55.9% | 7.6% | ||
| Q2 24 | 151.6% | 8.8% | ||
| Q1 24 | 92.8% | -1.9% |
资本支出强度CBOERHI
| Q4 25 | 1.7% | 0.9% | ||
| Q3 25 | 1.4% | 1.0% | ||
| Q2 25 | 1.7% | 1.1% | ||
| Q1 25 | 1.2% | 0.9% | ||
| Q4 24 | 2.1% | 1.0% | ||
| Q3 24 | 1.1% | 1.2% | ||
| Q2 24 | 1.8% | 0.8% | ||
| Q1 24 | 0.8% | 0.8% |
现金转化率CBOERHI
| Q4 25 | 1.12× | — | ||
| Q3 25 | 0.51× | 1.80× | ||
| Q2 25 | 1.42× | 2.91× | ||
| Q1 25 | 3.64× | -3.42× | ||
| Q4 24 | -3.62× | — | ||
| Q3 24 | -2.65× | 1.98× | ||
| Q2 24 | 10.64× | 2.08× | ||
| Q1 24 | 4.27× | -0.25× |
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% |
RHI
| Finance And Accounting | $535.2M | 41% |
| Protiviti | $479.0M | 37% |
| Technology | $156.4M | 12% |
| Permanent Placement Talent Solutions | $102.6M | 8% |
| Other | $29.2M | 2% |
