WallStSmart

Cboe Global Markets Inc (CBOE)vsNasdaq Inc (NDAQ)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Nasdaq Inc generates 13% more annual revenue ($5.42B vs $4.79B). NDAQ leads profitability with a 35.3% profit margin vs 25.8%. CBOE appears more attractively valued with a PEG of 2.13. 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

NDAQ

Strong Buy

69

out of 100

Grade: B-

Growth: 7.3Profit: 8.5Value: 5.0Quality: 7.0
Piotroski: 7/9Altman Z: 1.35

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

NDAQ3 strengths · Avg: 9.3/10
Profit MarginProfitability
35.3%10/10

Keeps 35 of every $100 in revenue as profit

Operating MarginProfitability
48.4%10/10

Strong operational efficiency at 48.4%

EPS GrowthGrowth
33.8%8/10

Earnings expanding 33.8% YoY

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

NDAQ3 concerns · Avg: 3.3/10
PEG RatioValuation
2.264/10

Expensive relative to growth rate

P/E RatioValuation
26.5x4/10

Moderate valuation

Altman Z-ScoreHealth
1.352/10

Distress zone — elevated risk

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 : NDAQ

The strongest argument for NDAQ centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 35.3% and operating margin at 48.4%. Revenue growth of 13.7% demonstrates continued momentum.

Bear Case : CBOE

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

Bear Case : NDAQ

The primary concerns for NDAQ are PEG Ratio, P/E Ratio, Altman Z-Score.

Key Dynamics to Monitor

NDAQ carries more volatility with a beta of 0.99 — expect wider price swings.

NDAQ is growing revenue faster at 13.7% — sustainability is the question.

NDAQ generates stronger free cash flow (629M), providing more financial flexibility.

Monitor FINANCIAL DATA & STOCK EXCHANGES industry trends, competitive dynamics, and regulatory changes.

Bottom Line

CBOE scores higher overall (70/100 vs 69/100), backed by strong 25.8% margins. Both earn "Strong Buy" and "Strong Buy" 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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Nasdaq Inc

FINANCIAL SERVICES · FINANCIAL DATA & STOCK EXCHANGES · USA

Nasdaq, Inc. is an American multinational financial services corporation that owns and operates stock exchanges in the United States and Europe. It is headquartered in New York City.

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