WallStSmart

Cboe Global Markets Inc (CBOE)vsCoinbase Global Inc (COIN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Coinbase Global Inc generates 31% more annual revenue ($6.29B vs $4.79B). CBOE leads profitability with a 25.8% profit margin vs 12.7%. COIN appears more attractively valued with a PEG of 1.01. CBOE earns a higher WallStSmart Score of 70/100 (B-).

CBOE

Strong Buy

70

out of 100

Grade: B-

Growth: 7.3Profit: 9.0Value: 5.0Quality: 8.5
Piotroski: 4/9Altman Z: 2.58

COIN

Hold

50

out of 100

Grade: D+

Growth: 7.3Profit: 4.0Value: 4.3Quality: 6.0
Piotroski: 2/9Altman Z: 1.78

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CBOE5 strengths · Avg: 9.4/10
Operating MarginProfitability
39.7%10/10

Strong operational efficiency at 39.7%

EPS GrowthGrowth
54.4%10/10

Earnings expanding 54.4% YoY

Return on EquityProfitability
23.0%9/10

Every $100 of equity generates 23 in profit

Profit MarginProfitability
25.8%9/10

Keeps 26 of every $100 in revenue as profit

Debt/EquityHealth
0.299/10

Conservative balance sheet, low leverage

COIN2 strengths · Avg: 9.0/10
EPS GrowthGrowth
430.6%10/10

Earnings expanding 430.6% YoY

Price/BookValuation
3.0x8/10

Reasonable price relative to book value

Areas to Watch

CBOE2 concerns · Avg: 4.0/10
PEG RatioValuation
2.134/10

Expensive relative to growth rate

P/E RatioValuation
25.2x4/10

Moderate valuation

COIN4 concerns · Avg: 3.0/10
Altman Z-ScoreHealth
1.784/10

Distress zone — elevated risk

Return on EquityProfitability
5.9%3/10

ROE of 5.9% — below average capital efficiency

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

P/E RatioValuation
64.2x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : CBOE

The strongest argument for CBOE centers on Operating Margin, EPS Growth, Return on Equity. Profitability is solid with margins at 25.8% and operating margin at 39.7%.

Bull Case : COIN

The strongest argument for COIN centers on EPS Growth, Price/Book. PEG of 1.01 suggests the stock is reasonably priced for its growth.

Bear Case : CBOE

The primary concerns for CBOE are PEG Ratio, P/E Ratio.

Bear Case : COIN

The primary concerns for COIN are Altman Z-Score, Return on Equity, Piotroski F-Score. A P/E of 64.2x leaves little room for execution misses.

Key Dynamics to Monitor

CBOE profiles as a mature stock while COIN is a declining play — different risk/reward profiles.

COIN carries more volatility with a beta of 3.38 — expect wider price swings.

CBOE is growing revenue faster at 6.5% — sustainability is the question.

COIN generates stronger free cash flow (183M), providing more financial flexibility.

Bottom Line

CBOE scores higher overall (70/100 vs 50/100), backed by strong 25.8% margins. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Cboe Global Markets Inc

FINANCIAL SERVICES · FINANCIAL DATA & STOCK EXCHANGES · USA

Cboe Global Markets is an American company that owns the Chicago Board Options Exchange and the stock exchange operator BATS Global Markets.

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Coinbase Global Inc

FINANCIAL SERVICES · FINANCIAL DATA & STOCK EXCHANGES · USA

Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy. The company is headquartered in Wilmington, Delaware.

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