COMP <GO>
IBKR vs CBOE // EV/EBITDA & P/E VALUATION
Interactive Brokers Group Inc. (NASDAQ) VS. Cboe Global Markets Inc. (CBOE) • 15-METRIC TALLY: IBKR 3
— CBOE 9
▲ EV/EBITDA & P/E VALUATION LEADER: CBOE
LAST: $76.90 (-5.96%) • MKT CAP: $37.05B
valuation
95.0x
LAST: $335.53 (+6.77%) • MKT CAP: $35.14B
valuation
22.5x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (IBKR VS. CBOE)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | IBKR | CBOE | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 0.30% | 26.60% | -26.30 | CBOE | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 95.0x | 22.5x | +72.50 | CBOE | /valuation <GO> |
| Free Cash Flow Yield | 22.00% | 4.79% | +17.21 | IBKR | /fcf-yield <GO> |
| Operating Margin | 13.90% | 31.10% | -17.20 | CBOE | /operating-margins <GO> |
| Net Profit Margin | 10.90% | 23.30% | -12.40 | CBOE | /net-margins <GO> |
| Revenue Growth (YoY) | 23.40% | 15.40% | +8.00 | IBKR | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.36% | 0.81% | -0.45 | CBOE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 9/9 | -2.00 | CBOE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 45.2 | 52.9 | -7.70 | CBOE | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.92 | 1.07 | -0.15 | CBOE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 117.3x | 26.8x | +90.50 | CBOE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $37.05B | $35.14B | $1.91B | IBKR | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | IBKR REV | CBOE REV | IBKR GROSS % | CBOE GROSS % | IBKR FCF | CBOE FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $2.44B | $4.71B | — | 51.5% | $15.70B | $1.68B |
| FY 2024 | $1.98B | $4.09B | — | 50.6% | $8.64B | $1.04B |
| FY 2023 | $1.56B | $0 | — | — | $4.47B | $1.08B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
IBKR // BETA 0.92
CBOE // BETA 1.07