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Cboe Global Markets（CBOE）与Roper Technologies（ROP）财务数据对比。点击上方公司名可切换其他公司
Roper Technologies的季度营收约是Cboe Global Markets的1.7倍（$2.1B vs $1.2B），Cboe Global Markets净利率更高（26.0% vs 15.8%，领先10.2%），Roper Technologies同比增速更快（11.3% vs 8.7%），Roper Technologies自由现金流更多（$507.0M vs $332.1M），过去两年Cboe Global Markets的营收复合增速更高（12.2% vs 10.5%）
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。
罗珀技术公司是一家专注于科技领域的控股企业，通过持有并运营多家不同细分赛道的科技公司，在科技产业投资与资产管理领域形成了成熟的业务体系，在全球相关市场具备较高的行业影响力。
CBOE vs ROP — 直观对比
营收规模更大
ROP
是对方的1.7倍
$1.2B
营收增速更快
ROP
高出2.6%
8.7%
净利率更高
CBOE
高出10.2%
15.8%
自由现金流更多
ROP
多$174.9M
$332.1M
两年增速更快
CBOE
近两年复合增速
10.5%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $2.1B |
| 净利润 | $313.5M | $331.0M |
| 毛利率 | 55.7% | 69.4% |
| 营业利润率 | 33.5% | 27.2% |
| 净利率 | 26.0% | 15.8% |
| 营收同比 | 8.7% | 11.3% |
| 净利润同比 | 59.5% | 53.7% |
| 每股收益（稀释后） | $2.97 | $4.87 |
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CBOEROP
| Q1 26 | — | $2.1B | ||
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $1.1B | $2.0B | ||
| Q2 25 | $1.2B | $1.9B | ||
| Q1 25 | $1.2B | $1.9B | ||
| Q4 24 | $1.1B | $1.9B | ||
| Q3 24 | $1.1B | $1.8B | ||
| Q2 24 | $974.0M | $1.7B |
净利润CBOEROP
| Q1 26 | — | $331.0M | ||
| Q4 25 | $313.5M | $428.4M | ||
| Q3 25 | $300.8M | $398.5M | ||
| Q2 25 | $235.1M | $378.3M | ||
| Q1 25 | $250.6M | $331.1M | ||
| Q4 24 | $196.5M | $462.3M | ||
| Q3 24 | $218.5M | $367.9M | ||
| Q2 24 | $140.4M | $337.1M |
毛利率CBOEROP
| Q1 26 | — | 69.4% | ||
| Q4 25 | 55.7% | 69.5% | ||
| Q3 25 | 53.0% | 69.5% | ||
| Q2 25 | 50.0% | 69.2% | ||
| Q1 25 | 47.3% | 68.7% | ||
| Q4 24 | 47.4% | 68.3% | ||
| Q3 24 | 50.4% | 69.2% | ||
| Q2 24 | 52.8% | 69.5% |
营业利润率CBOEROP
| Q1 26 | — | 27.2% | ||
| Q4 25 | 33.5% | 28.6% | ||
| Q3 25 | 32.4% | 28.4% | ||
| Q2 25 | 28.9% | 28.2% | ||
| Q1 25 | 29.6% | 27.9% | ||
| Q4 24 | 27.0% | 28.0% | ||
| Q3 24 | 29.1% | 28.1% | ||
| Q2 24 | 21.6% | 28.8% |
净利率CBOEROP
| Q1 26 | — | 15.8% | ||
| Q4 25 | 26.0% | 20.8% | ||
| Q3 25 | 26.3% | 19.8% | ||
| Q2 25 | 20.0% | 19.5% | ||
| Q1 25 | 21.0% | 17.6% | ||
| Q4 24 | 17.7% | 24.6% | ||
| Q3 24 | 20.7% | 20.8% | ||
| Q2 24 | 14.4% | 19.6% |
每股收益（稀释后）CBOEROP
| Q1 26 | — | $4.87 | ||
| Q4 25 | $2.97 | $3.97 | ||
| Q3 25 | $2.85 | $3.68 | ||
| Q2 25 | $2.23 | $3.49 | ||
| Q1 25 | $2.37 | $3.06 | ||
| Q4 24 | $1.85 | $4.29 | ||
| Q3 24 | $2.07 | $3.40 | ||
| Q2 24 | $1.33 | $3.12 |
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 | $382.9M |
| 总债务越低越好 | $1.4B | $9.7B |
| 股东权益账面价值 | $5.1B | $18.8B |
| 总资产 | $9.3B | $34.6B |
| 负债/权益比越低杠杆越低 | 0.28× | 0.52× |
8季度趋势，按日历期对齐
现金及短期投资CBOEROP
| Q1 26 | — | $382.9M | ||
| Q4 25 | $2.3B | $297.4M | ||
| Q3 25 | $1.5B | $320.0M | ||
| Q2 25 | $1.5B | $242.4M | ||
| Q1 25 | $1.2B | $372.8M | ||
| Q4 24 | $1.0B | $188.2M | ||
| Q3 24 | $763.2M | $269.6M | ||
| Q2 24 | $698.3M | $251.5M |
总债务CBOEROP
| Q1 26 | — | $9.7B | ||
| Q4 25 | $1.4B | $9.3B | ||
| Q3 25 | $1.4B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $1.4B | $7.6B | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.4B | — |
股东权益CBOEROP
| Q1 26 | — | $18.8B | ||
| Q4 25 | $5.1B | $19.9B | ||
| Q3 25 | $4.9B | $20.0B | ||
| Q2 25 | $4.7B | $19.6B | ||
| Q1 25 | $4.5B | $19.2B | ||
| Q4 24 | $4.3B | $18.9B | ||
| Q3 24 | $4.2B | $18.5B | ||
| Q2 24 | $4.0B | $18.1B |
总资产CBOEROP
| Q1 26 | — | $34.6B | ||
| Q4 25 | $9.3B | $34.6B | ||
| Q3 25 | $9.1B | $34.6B | ||
| Q2 25 | $9.0B | $33.2B | ||
| Q1 25 | $8.7B | $31.4B | ||
| Q4 24 | $7.8B | $31.3B | ||
| Q3 24 | $8.7B | $31.6B | ||
| Q2 24 | $9.3B | $29.8B |
负债/权益比CBOEROP
| Q1 26 | — | 0.52× | ||
| Q4 25 | 0.28× | 0.47× | ||
| Q3 25 | 0.30× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.32× | — | ||
| Q4 24 | 0.34× | 0.40× | ||
| 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 | $507.0M |
| 自由现金流率自由现金流/营收 | 27.6% | 24.2% |
| 资本支出强度资本支出/营收 | 1.7% | 0.5% |
| 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 | — |
8季度趋势，按日历期对齐
经营现金流CBOEROP
| Q1 26 | — | — | ||
| Q4 25 | $352.1M | $738.0M | ||
| Q3 25 | $153.9M | $869.5M | ||
| Q2 25 | $333.7M | $404.1M | ||
| Q1 25 | $912.9M | $528.7M | ||
| Q4 24 | $-710.4M | $722.2M | ||
| Q3 24 | $-578.5M | $755.4M | ||
| Q2 24 | $1.5B | $384.1M |
自由现金流CBOEROP
| Q1 26 | — | $507.0M | ||
| Q4 25 | $332.1M | — | ||
| Q3 25 | $137.9M | — | ||
| Q2 25 | $313.4M | — | ||
| Q1 25 | $898.2M | — | ||
| Q4 24 | $-734.2M | — | ||
| Q3 24 | $-590.5M | — | ||
| Q2 24 | $1.5B | — |
自由现金流率CBOEROP
| Q1 26 | — | 24.2% | ||
| Q4 25 | 27.6% | — | ||
| Q3 25 | 12.1% | — | ||
| Q2 25 | 26.7% | — | ||
| Q1 25 | 75.2% | — | ||
| Q4 24 | -66.3% | — | ||
| Q3 24 | -55.9% | — | ||
| Q2 24 | 151.6% | — |
资本支出强度CBOEROP
| Q1 26 | — | 0.5% | ||
| Q4 25 | 1.7% | — | ||
| Q3 25 | 1.4% | — | ||
| Q2 25 | 1.7% | — | ||
| Q1 25 | 1.2% | — | ||
| Q4 24 | 2.1% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | 1.8% | — |
现金转化率CBOEROP
| Q1 26 | — | — | ||
| Q4 25 | 1.12× | 1.72× | ||
| Q3 25 | 0.51× | 2.18× | ||
| Q2 25 | 1.42× | 1.07× | ||
| Q1 25 | 3.64× | 1.60× | ||
| Q4 24 | -3.62× | 1.56× | ||
| Q3 24 | -2.65× | 2.05× | ||
| Q2 24 | 10.64× | 1.14× |
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% |
ROP
暂无分部数据
