ARCC vs. CBOE: A Head-to-Head Stock Comparison
Updated onHere’s a clear look at ARCC and CBOE, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.
Company Overview
CBOE’s market capitalization of 24.23 billion USD is significantly greater than ARCC’s 15.56 billion USD, highlighting its more substantial market valuation.
ARCC’s beta of 0.73 points to significantly higher volatility compared to CBOE (beta: 0.43), suggesting ARCC has greater potential for both gains and losses relative to market movements.
| Symbol | ARCC | CBOE |
|---|---|---|
| Company Name | Ares Capital Corporation | Cboe Global Markets, Inc. |
| Country | US | US |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Financial - Data & Stock Exchanges |
| CEO | Kort Schnabel | Craig Steven Donohue |
| Price | 22.41 USD | 231.37 USD |
| Market Cap | 15.56 billion USD | 24.23 billion USD |
| Beta | 0.73 | 0.43 |
| Exchange | NASDAQ | AMEX |
| IPO Date | October 5, 2004 | June 15, 2010 |
| ADR | No | No |
Historical Performance
This chart compares the performance of ARCC and CBOE by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period.
Data is adjusted for dividends and splits.
Profitability
Return on Equity
ARCC
11.03%
Asset Management Industry
- Max
- 34.25%
- Q3
- 18.22%
- Median
- 11.24%
- Q1
- 5.81%
- Min
- -5.72%
ARCC’s Return on Equity of 11.03% is on par with the norm for the Asset Management industry, indicating its profitability relative to shareholder equity is typical for the sector.
CBOE
18.98%
Financial - Data & Stock Exchanges Industry
- Max
- 26.26%
- Q3
- 23.14%
- Median
- 14.33%
- Q1
- 11.12%
- Min
- -0.64%
CBOE’s Return on Equity of 18.98% is on par with the norm for the Financial - Data & Stock Exchanges industry, indicating its profitability relative to shareholder equity is typical for the sector.
Return on Invested Capital
ARCC
208.60%
Asset Management Industry
- Max
- 42.18%
- Q3
- 20.06%
- Median
- 8.68%
- Q1
- 3.13%
- Min
- -16.42%
ARCC’s Return on Invested Capital of 208.60% is exceptionally high, placing it well beyond the typical range for the Asset Management industry. This demonstrates an outstanding ability to deploy capital efficiently and create significant value.
CBOE
13.45%
Financial - Data & Stock Exchanges Industry
- Max
- 18.31%
- Q3
- 14.86%
- Median
- 11.07%
- Q1
- 6.75%
- Min
- 4.04%
CBOE’s Return on Invested Capital of 13.45% is in line with the norm for the Financial - Data & Stock Exchanges industry, reflecting a standard level of efficiency in generating profits from its capital base.
Net Profit Margin
ARCC
67.48%
Asset Management Industry
- Max
- 91.66%
- Q3
- 57.81%
- Median
- 29.48%
- Q1
- 15.70%
- Min
- -27.65%
A Net Profit Margin of 67.48% places ARCC in the upper quartile for the Asset Management industry, signifying strong profitability and more effective cost management than most of its peers.
CBOE
18.58%
Financial - Data & Stock Exchanges Industry
- Max
- 39.08%
- Q3
- 31.63%
- Median
- 23.20%
- Q1
- 18.09%
- Min
- -0.88%
CBOE’s Net Profit Margin of 18.58% is aligned with the median group of its peers in the Financial - Data & Stock Exchanges industry. This indicates its ability to convert revenue into profit is typical for the sector.
Operating Profit Margin
ARCC
91.13%
Asset Management Industry
- Max
- 99.76%
- Q3
- 78.28%
- Median
- 34.76%
- Q1
- 21.75%
- Min
- -48.25%
An Operating Profit Margin of 91.13% places ARCC in the upper quartile for the Asset Management industry. This signals a strong ability to translate revenue into operating profit, outperforming most of its competitors in core business efficiency.
CBOE
28.89%
Financial - Data & Stock Exchanges Industry
- Max
- 53.68%
- Q3
- 40.45%
- Median
- 31.81%
- Q1
- 24.66%
- Min
- 9.71%
CBOE’s Operating Profit Margin of 28.89% is around the midpoint for the Financial - Data & Stock Exchanges industry, indicating that its efficiency in managing core business operations is typical for the sector.
Profitability at a Glance
| Symbol | ARCC | CBOE |
|---|---|---|
| Return on Equity (TTM) | 11.03% | 18.98% |
| Return on Assets (TTM) | 5.08% | 9.29% |
| Return on Invested Capital (TTM) | 208.60% | 13.45% |
| Net Profit Margin (TTM) | 67.48% | 18.58% |
| Operating Profit Margin (TTM) | 91.13% | 28.89% |
| Gross Profit Margin (TTM) | 95.92% | 56.33% |
Financial Strength
Current Ratio
ARCC
--
Asset Management Industry
- Max
- 12.44
- Q3
- 5.76
- Median
- 3.04
- Q1
- 1.03
- Min
- 0.01
Current Ratio data for ARCC is currently unavailable.
CBOE
1.60
Financial - Data & Stock Exchanges Industry
- Max
- 1.60
- Q3
- 1.57
- Median
- 1.06
- Q1
- 0.96
- Min
- 0.62
CBOE’s Current Ratio of 1.60 is in the upper quartile for the Financial - Data & Stock Exchanges industry. This signifies a strong liquidity position, suggesting the company is well-equipped to cover its immediate liabilities compared to its peers.
Debt-to-Equity Ratio
ARCC
--
Asset Management Industry
- Max
- 2.62
- Q3
- 1.42
- Median
- 0.76
- Q1
- 0.34
- Min
- 0.01
Debt-to-Equity Ratio data for ARCC is currently unavailable.
CBOE
0.36
Financial - Data & Stock Exchanges Industry
- Max
- 1.09
- Q3
- 0.80
- Median
- 0.62
- Q1
- 0.36
- Min
- 0.04
CBOE’s Debt-to-Equity Ratio of 0.36 is typical for the Financial - Data & Stock Exchanges industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.
Interest Coverage Ratio
ARCC
3.77
Asset Management Industry
- Max
- 13.30
- Q3
- 6.30
- Median
- 2.71
- Q1
- 1.00
- Min
- -6.91
ARCC’s Interest Coverage Ratio of 3.77 is positioned comfortably within the norm for the Asset Management industry, indicating a standard and healthy capacity to cover its interest payments.
CBOE
24.40
Financial - Data & Stock Exchanges Industry
- Max
- 27.44
- Q3
- 22.05
- Median
- 10.08
- Q1
- 6.79
- Min
- 1.01
CBOE’s Interest Coverage Ratio of 24.40 is in the upper quartile for the Financial - Data & Stock Exchanges industry, signifying a strong and healthy capacity to meet its interest payments from operating profits.
Financial Strength at a Glance
| Symbol | ARCC | CBOE |
|---|---|---|
| Current Ratio (TTM) | -- | 1.60 |
| Quick Ratio (TTM) | -- | 1.60 |
| Debt-to-Equity Ratio (TTM) | -- | 0.36 |
| Debt-to-Asset Ratio (TTM) | -- | 0.19 |
| Net Debt-to-EBITDA Ratio (TTM) | -0.35 | 0.40 |
| Interest Coverage Ratio (TTM) | 3.77 | 24.40 |
Growth
The following charts compare key year-over-year (YoY) growth metrics for ARCC and CBOE. These metrics are based on the companies’ annual financial reports.
Revenue Growth
Earnings Per Share (EPS) Growth
Free Cash Flow Growth
Dividend
Dividend Yield
ARCC
8.57%
Asset Management Industry
- Max
- 26.09%
- Q3
- 11.60%
- Median
- 6.37%
- Q1
- 2.75%
- Min
- 0.00%
ARCC’s Dividend Yield of 8.57% is consistent with its peers in the Asset Management industry, providing a dividend return that is standard for its sector.
CBOE
1.09%
Financial - Data & Stock Exchanges Industry
- Max
- 3.86%
- Q3
- 1.44%
- Median
- 1.06%
- Q1
- 0.73%
- Min
- 0.00%
CBOE’s Dividend Yield of 1.09% is consistent with its peers in the Financial - Data & Stock Exchanges industry, providing a dividend return that is standard for its sector.
Dividend Payout Ratio
ARCC
81.85%
Asset Management Industry
- Max
- 1,034.88%
- Q3
- 127.70%
- Median
- 75.15%
- Q1
- 34.21%
- Min
- 0.00%
ARCC’s Dividend Payout Ratio of 81.85% is within the typical range for the Asset Management industry, suggesting a balanced approach between shareholder payouts and company reinvestment.
CBOE
31.97%
Financial - Data & Stock Exchanges Industry
- Max
- 106.40%
- Q3
- 44.44%
- Median
- 31.97%
- Q1
- 29.26%
- Min
- 0.00%
CBOE’s Dividend Payout Ratio of 31.97% is within the typical range for the Financial - Data & Stock Exchanges industry, suggesting a balanced approach between shareholder payouts and company reinvestment.
Dividend at a Glance
| Symbol | ARCC | CBOE |
|---|---|---|
| Dividend Yield (TTM) | 8.57% | 1.09% |
| Dividend Payout Ratio (TTM) | 81.85% | 31.97% |
Valuation
Price-to-Earnings Ratio
ARCC
10.53
Asset Management Industry
- Max
- 38.72
- Q3
- 23.40
- Median
- 11.45
- Q1
- 8.80
- Min
- 1.54
ARCC’s P/E Ratio of 10.53 is within the middle range for the Asset Management industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.
CBOE
30.10
Financial - Data & Stock Exchanges Industry
- Max
- 41.71
- Q3
- 40.17
- Median
- 37.47
- Q1
- 30.61
- Min
- 16.74
In the lower quartile for the Financial - Data & Stock Exchanges industry, CBOE’s P/E Ratio of 30.10 suggests the stock may be undervalued compared to its peers, potentially presenting an attractive entry point for investors.
Forward P/E to Growth Ratio
ARCC
-7.92
Asset Management Industry
- Max
- 6.38
- Q3
- 3.23
- Median
- 1.55
- Q1
- 0.89
- Min
- 0.02
ARCC has a negative Forward PEG Ratio of -7.92. This typically results from negative earnings or forecasts of declining future earnings, making the ratio not meaningful for valuation.
CBOE
4.00
Financial - Data & Stock Exchanges Industry
- Max
- 4.54
- Q3
- 4.09
- Median
- 4.06
- Q1
- 3.33
- Min
- 2.36
CBOE’s Forward PEG Ratio of 4.00 is within the middle range of its peers in the Financial - Data & Stock Exchanges industry. This suggests a reasonable balance between the stock’s price and its expected growth, aligning with sector valuation norms.
Price-to-Sales Ratio
ARCC
7.30
Asset Management Industry
- Max
- 13.75
- Q3
- 7.92
- Median
- 4.87
- Q1
- 3.51
- Min
- 0.02
ARCC’s P/S Ratio of 7.30 aligns with the market consensus for the Asset Management industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.
CBOE
5.59
Financial - Data & Stock Exchanges Industry
- Max
- 15.75
- Q3
- 12.42
- Median
- 9.37
- Q1
- 6.34
- Min
- 1.69
In the lower quartile for the Financial - Data & Stock Exchanges industry, CBOE’s P/S Ratio of 5.59 indicates its revenue is valued more conservatively than most of its peers. This could present a compelling opportunity if the market has overlooked its sales-generating capabilities.
Price-to-Book Ratio
ARCC
1.11
Asset Management Industry
- Max
- 5.33
- Q3
- 2.75
- Median
- 1.06
- Q1
- 0.87
- Min
- 0.00
The P/B Ratio is often not a primary valuation metric for the Asset Management industry.
CBOE
5.44
Financial - Data & Stock Exchanges Industry
- Max
- 8.57
- Q3
- 8.05
- Median
- 4.77
- Q1
- 3.69
- Min
- 1.19
CBOE’s P/B Ratio of 5.44 is within the conventional range for the Financial - Data & Stock Exchanges industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.
Valuation at a Glance
| Symbol | ARCC | CBOE |
|---|---|---|
| Price-to-Earnings Ratio (P/E, TTM) | 10.53 | 30.10 |
| Forward PEG Ratio (TTM) | -7.92 | 4.00 |
| Price-to-Sales Ratio (P/S, TTM) | 7.30 | 5.59 |
| Price-to-Book Ratio (P/B, TTM) | 1.11 | 5.44 |
| Price-to-Free Cash Flow Ratio (P/FCF, TTM) | -6.47 | 13.61 |
| EV-to-EBITDA (TTM) | 8.15 | 17.69 |
| EV-to-Sales (TTM) | 7.00 | 5.72 |