WallStSmart

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

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Coinbase Global Inc generates 19% more annual revenue ($6.04B vs $5.06B). CBOE leads profitability with a 26.7% profit margin vs -16.3%. CBOE appears more attractively valued with a PEG of 2.64. CBOE earns a higher WallStSmart Score of 74/100 (B).

CBOE

Strong Buy

74

out of 100

Grade: B

Growth: 8.0Profit: 9.0Value: 4.3Quality: 7.5
Piotroski: 4/9Altman Z: 2.62

COIN

Avoid

35

out of 100

Grade: F

Growth: 7.3Profit: 2.5Value: 4.0Quality: 5.5
Piotroski: 2/9Altman Z: 1.78

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CBOE6 strengths · Avg: 9.2/10
Operating MarginProfitability
34.6%10/10

Strong operational efficiency at 34.6%

EPS GrowthGrowth
50.2%10/10

Earnings expanding 50.2% YoY

Return on EquityProfitability
24.1%9/10

Every $100 of equity generates 24 in profit

Profit MarginProfitability
26.7%9/10

Keeps 27 of every $100 in revenue as profit

Debt/EquityHealth
0.289/10

Conservative balance sheet, low leverage

Revenue GrowthGrowth
22.9%8/10

Revenue surging 22.9% year-over-year

COIN1 strengths · Avg: 10.0/10
EPS GrowthGrowth
430.6%10/10

Earnings expanding 430.6% YoY

Areas to Watch

CBOE2 concerns · Avg: 2.0/10
PEG RatioValuation
2.642/10

Expensive relative to growth rate

Free Cash FlowQuality
$-536.30M2/10

Negative free cash flow — burning cash

COIN4 concerns · Avg: 2.8/10
Altman Z-ScoreHealth
1.784/10

Distress zone — elevated risk

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
11.852/10

Expensive relative to growth rate

Return on EquityProfitability
-7.5%2/10

ROE of -7.5% — below average capital efficiency

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 26.7% and operating margin at 34.6%. Revenue growth of 22.9% demonstrates continued momentum.

Bull Case : COIN

The strongest argument for COIN centers on EPS Growth.

Bear Case : CBOE

The primary concerns for CBOE are PEG Ratio, Free Cash Flow.

Bear Case : COIN

The primary concerns for COIN are Altman Z-Score, Piotroski F-Score, PEG Ratio.

Key Dynamics to Monitor

CBOE profiles as a growth stock while COIN is a turnaround play — different risk/reward profiles.

COIN carries more volatility with a beta of 3.36 — expect wider price swings.

CBOE is growing revenue faster at 22.9% — sustainability is the question.

COIN generates stronger free cash flow (197M), providing more financial flexibility.

Bottom Line

CBOE scores higher overall (74/100 vs 35/100), backed by strong 26.7% margins and 22.9% revenue growth. Both earn "Strong Buy" and "Avoid" 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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