Cboe Global Markets vs Tradeweb Markets
CBOE and TW side by side, both in security & commodity brokers, dealers, exchanges & services. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How CBOE and TW compare
Cboe Global Markets is the larger company, worth 1.2 times as much as Tradeweb Markets ($35.0B against $28.7B).
On earnings, Cboe Global Markets is cheaper: it trades at 23.9× trailing earnings, against 28.8× for Tradeweb Markets.
Tradeweb Markets grew revenue faster over the last twelve months (14.4% versus 14.3% for Cboe Global Markets).
Tradeweb Markets keeps more of each dollar of sales as profit, with a net margin of 39.8% compared with 28.0% at Cboe Global Markets.
Both pay dividends: Cboe Global Markets yields 0.69% and Tradeweb Markets 0.44%.
Cboe Global Markets scores higher on the StockData Score (23 against 17 for Tradeweb Markets), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | CBOE | TW |
|---|---|---|
| Size and price | ||
| Market cap | $35.0B | $28.7B |
| Share price | $335.53 | $122.54 |
| Change, 1 year | 44.2% | 16.2% |
| Change, 5 years | 152% | 29.7% |
| Beta (5Y) | 0.25 | 0.66 |
| Employees | 1,661 | 1,569 |
| StockData Score | ||
| Total score | 23 (better) | 17 |
| Valuation score | 3 | 3 |
| Growth score | 4 (better) | 3 |
| Performance score | 6 (better) | 4 |
| Health score | 6 (better) | 5 |
| Dividend score | 4 (better) | 2 |
| Valuation | ||
| P/E | 23.9× (better) | 28.8× |
| P/S | 6.6× (better) | 12.6× |
| P/B | 5.9× | 4.3× (better) |
| EV/EBITDA | 16.6× (better) | 21.8× |
| P/FCF | 13.9× (better) | 24.8× |
| PEG | 0.35 (better) | 0.78 |
| FCF yield | 7.2% (better) | 4.0% |
| Fair value | $323.98 | $131.06 |
| Margin of safety | −3.6% | 6.5% (better) |
| Growth | ||
| Revenue growth (TTM) | 14.3% | 14.4% (better) |
| Revenue growth, 5Y average | 6.6% | 18.1% (better) |
| Net income growth (TTM) | 50.6% (better) | 44.3% |
| EPS growth (TTM) | 51.0% (better) | 45.9% |
| EPS growth, 5Y average | 19.5% | 33.8% (better) |
| Profitability | ||
| Gross margin | 53.9% | – |
| Operating margin | 36.4% | 44.1% (better) |
| Net margin | 28.0% | 39.8% (better) |
| FCF margin | 47.9% | 50.6% (better) |
| Return on equity | 27.4% (better) | 14.1% |
| Return on invested capital | 36.2% (better) | 17.7% |
| Financial health | ||
| Debt / equity | 0.24 (better) | 0.00 |
| Net debt / EBITDA | −0.62 | – |
| Interest coverage | 36.3× | 490× (better) |
| Current ratio | 1.61 | – |
| Altman Z-score | 5.82 | 16.65 (better) |
| Piotroski F-score | 9 (better) | 7 |
| Dividends and buybacks | ||
| Dividend yield | 0.69% (better) | 0.44% |
| Payout ratio | 21.4% | – |
| Years of dividend growth | 11 (better) | 3 |
| Dividend growth, 5Y average | 11.6% (better) | 8.4% |
| Buyback yield | 0.38% | 1.9% (better) |
| Shareholder yield | 1.1% | 2.4% (better) |
| Ownership | ||
| Held by institutions | 89.2% | 50.0% |
| Held by insiders | 0.25% | 51.4% |
| Insider net buying, 12 months | −$2.3M (better) | −$44.6M |
| Superinvestors holding | 1 | 2 (better) |
| Short interest, % of float | 3.2% | 3.0% |
Go deeper
- CBOE stock overview
- CBOE income statement
- CBOE valuation and score
- TW stock overview
- TW income statement
- TW valuation and score
Other comparisons
For information only, not investment advice. Check the source filings before relying on any figure.