COMP <GO>
CBOE vs BRK-B // ALTMAN Z-SCORE & DEBT/EQUITY
Cboe Global Markets Inc. (CBOE) VS. Berkshire Hathaway Inc. (NYSE) • 15-METRIC TALLY: CBOE 9
— BRK-B 5
▲ ALTMAN Z-SCORE & DEBT/EQUITY LEADER: CBOE
LAST: $335.53 (+6.77%) • MKT CAP: $35.14B
balance-sheet
6.89
LAST: $542.49 (+0.10%) • MKT CAP: $1.16T
balance-sheet
2.85
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (CBOE VS. BRK-B)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | CBOE | BRK-B | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 51.50% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 26.60% | 11.47% | +15.13 | CBOE | /roic <GO> |
| EV/EBITDA & P/E Valuation | 22.5x | 9.7x | +12.82 | BRK-B | /valuation <GO> |
| Free Cash Flow Yield | 4.79% | 2.09% | +2.70 | CBOE | /fcf-yield <GO> |
| Operating Margin | 31.10% | 27.80% | +3.30 | CBOE | /operating-margins <GO> |
| Net Profit Margin | 23.30% | 22.30% | +1.00 | CBOE | /net-margins <GO> |
| Revenue Growth (YoY) | 15.40% | 3.93% | +11.47 | CBOE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.81% | 0.00% | +0.81 | CBOE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity ACTIVE | 6.89 | 2.85 | +4.04 | CBOE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 9/9 | 4/9 | +5.00 | CBOE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 7.10% | 3.55% | +3.55 | BRK-B | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 63.9 | 66.8 | -2.94 | BRK-B | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.07 | 0.61 | +0.46 | CBOE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 26.8x | 24.3x | +2.46 | BRK-B | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $35.14B | $1.16T | -$1.12T | BRK-B | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | CBOE REV | BRK-B REV | CBOE GROSS % | BRK-B GROSS % | CBOE FCF | BRK-B FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $4.71B | $371.44B | 51.5% | — | $1.68B | $25.04B |
| FY 2024 | $4.09B | $371.43B | 50.6% | — | $1.04B | $11.62B |
| FY 2023 | $0 | $364.48B | — | — | $1.08B | $29.79B |
| FY 2022 | — | $302.02B | — | — | — | $21.89B |
| FY 2021 | — | $276.19B | — | — | — | $26.15B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
CBOE // BETA 1.07
BRK-B // BETA 0.61