WallStSmart

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

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Nasdaq Inc generates 11% more annual revenue ($5.61B vs $5.06B). NDAQ leads profitability with a 35.0% profit margin vs 26.7%. NDAQ appears more attractively valued with a PEG of 1.70. 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

NDAQ

Strong Buy

67

out of 100

Grade: B-

Growth: 6.0Profit: 8.5Value: 5.0Quality: 5.0
Piotroski: 7/9Altman Z: 1.35

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

NDAQ3 strengths · Avg: 9.7/10
Profit MarginProfitability
35.0%10/10

Keeps 35 of every $100 in revenue as profit

Operating MarginProfitability
49.3%10/10

Strong operational efficiency at 49.3%

Market CapQuality
$50.97B9/10

Large-cap with strong market position

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

NDAQ3 concerns · Avg: 3.3/10
PEG RatioValuation
1.704/10

Expensive relative to growth rate

P/E RatioValuation
26.6x4/10

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

Bull Case : NDAQ

The strongest argument for NDAQ centers on Profit Margin, Operating Margin, Market Cap. Profitability is solid with margins at 35.0% and operating margin at 49.3%. Revenue growth of 14.9% demonstrates continued momentum.

Bear Case : CBOE

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

Bear Case : NDAQ

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

Key Dynamics to Monitor

CBOE profiles as a growth stock while NDAQ is a mature play — different risk/reward profiles.

NDAQ carries more volatility with a beta of 0.97 — expect wider price swings.

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

NDAQ generates stronger free cash flow (634M), providing more financial flexibility.

Bottom Line

CBOE scores higher overall (74/100 vs 67/100), backed by strong 26.7% margins and 22.9% revenue growth. 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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