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BRK.B vs. CBOE: Berkshire Hathaway vs. Cboe Global Markets Stock Comparison

How do Berkshire Hathaway (BRK.B) and Cboe Global Markets (CBOE) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Berkshire Hathaway (BRK.B) and Cboe Global Markets (CBOE) both fall under the Financial Services industry group, but BRK.B is classified in Financial Services while CBOE is classified in Capital Markets.

Company profile comparison for Berkshire Hathaway (BRK.B) and Cboe Global Markets (CBOE)
Profile ItemBRK.BCBOE
NameBerkshire Hathaway Inc. Class BCboe Global Markets Inc.
Country/RegionUnited StatesUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupFinancial ServicesFinancial Services
GICS IndustryFinancial ServicesCapital Markets
GICS Sub-IndustryMulti-Sector HoldingsFinancial Exchanges & Data
Market Capitalization1,222.11 billion USD36.86 billion USD
CurrencyUSDUSD
ExchangeNYSECboe
Listing DateMay 9, 1996June 15, 2010
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

BRK.B
CBOE
GSPC
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Berkshire Hathaway (BRK.B) vs. Cboe Global Markets (CBOE), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Berkshire Hathaway (BRK.B) and Cboe Global Markets (CBOE). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Berkshire Hathaway (BRK.B) and Cboe Global Markets (CBOE). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Berkshire Hathaway (BRK.B) and Cboe Global Markets (CBOE)
MetricBRK.BCBOE
Total Return (1Y)14.06%38.97%
Total Return (3Y, Annualized)17.80%27.34%
Total Return (5Y, Annualized)14.73%23.42%

Risk Profile

Drawdown History

BRK.B
CBOE
GSPC
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Berkshire Hathaway (BRK.B) vs. Cboe Global Markets (CBOE), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Berkshire Hathaway (BRK.B) and Cboe Global Markets (CBOE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Berkshire Hathaway (BRK.B) and Cboe Global Markets (CBOE)
MetricBRK.BCBOE
Volatility (1Y, Annualized)15.13%36.53%
Beta (5Y)0.560.35
Max Drawdown (5Y)-26.58%-36.73%
Avg. Volume (3M)4.56M1.14M

Risk-Adjusted Performance

Risk-Return Positioning

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BRK.B and CBOE are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Berkshire Hathaway (BRK.B) and Cboe Global Markets (CBOE)
MetricBRK.BCBOE
Sharpe Ratio (1Y)0.650.95
Sortino Ratio (1Y)0.971.37

Profitability

ROE (TTM)

Cboe Global Markets (CBOE) at 27.39% sits in the top ROE quartile, while Berkshire Hathaway (BRK.B) at 12.12% is closer to the peer norm — stronger capital efficiency for CBOE.

BRK.B

Financial Services industry group

12.12%

Max
44.78%
Q3
21.85%
Median
12.91%
BRK.B
12.12%
Q1
4.48%
Min
-18.71%

CBOE

Financial Services industry group

27.39%

Max
44.78%
CBOE
27.39%
Q3
21.85%
Median
12.91%
Q1
4.48%
Min
-18.71%
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Berkshire Hathaway (BRK.B) vs. Cboe Global Markets (CBOE): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

Both Berkshire Hathaway (BRK.B) at 22.30% and Cboe Global Markets (CBOE) at 28.05% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

BRK.B

Financial Services industry group

22.30%

Max
62.84%
Q3
28.05%
BRK.B
22.30%
Median
15.36%
Q1
4.82%
Min
-28.52%

CBOE

Financial Services industry group

28.05%

Max
62.84%
Q3
28.05%
CBOE
28.05%
Median
15.36%
Q1
4.82%
Min
-28.52%
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Berkshire Hathaway (BRK.B) vs. Cboe Global Markets (CBOE): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Both Berkshire Hathaway (BRK.B) at 32.56% and Cboe Global Markets (CBOE) at 35.29% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

BRK.B

Financial Services industry group

32.56%

Max
107.33%
Q3
55.90%
BRK.B
32.56%
Median
30.09%
Q1
14.60%
Min
-44.34%

CBOE

Financial Services industry group

35.29%

Max
107.33%
Q3
55.90%
CBOE
35.29%
Median
30.09%
Q1
14.60%
Min
-44.34%
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Berkshire Hathaway (BRK.B) vs. Cboe Global Markets (CBOE): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Berkshire Hathaway (BRK.B) and Cboe Global Markets (CBOE)
MetricBRK.BCBOE
ROE (TTM)12.12%27.39%
ROA (TTM)6.01%11.84%
Net Margin (TTM)22.30%28.05%
Operating Margin (TTM)32.56%35.29%
Gross Margin (TTM)----

Growth

Revenue Growth

Cboe Global Markets (CBOE) at 15.13% is around its peer norm for revenue growth, while Berkshire Hathaway (BRK.B) at -3.23% drops into the bottom quartile, signaling weaker demand or pricing momentum.

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Berkshire Hathaway (BRK.B) vs. Cboe Global Markets (CBOE): A comparison of their Revenue Growth across different time periods.

EPS Growth

Cboe Global Markets (CBOE) at 44.52% is around its peer norm for EPS growth, while Berkshire Hathaway (BRK.B) at -24.78% drops into the bottom quartile, signaling weaker earnings momentum.

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Berkshire Hathaway (BRK.B) vs. Cboe Global Markets (CBOE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Berkshire Hathaway (BRK.B) and Cboe Global Markets (CBOE)
MetricBRK.BCBOE
Revenue Growth (YoY)-3.23%15.13%
Revenue Growth (3Y CAGR)20.59%6.00%
EPS Growth (YoY)-24.78%44.52%
EPS Growth (3Y CAGR)--68.19%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Berkshire Hathaway (BRK.B) in Financial Services and Cboe Global Markets (CBOE) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for both: Berkshire Hathaway (BRK.B) in Financial Services and Cboe Global Markets (CBOE) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Financial strength metrics for Berkshire Hathaway (BRK.B) and Cboe Global Markets (CBOE)
MetricBRK.BCBOE
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Berkshire Hathaway (BRK.B) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Cboe Global Markets (CBOE) reports a yield of 0.86%, ranking against industry peers normally.

BRK.B

Financial Services industry group

0.00%

Max
9.77%
Q3
3.92%
Median
1.09%
BRK.B
0.00%
Q1
0.00%
Min
0.00%

CBOE

Financial Services industry group

0.86%

Max
9.77%
Q3
3.92%
Median
1.09%
CBOE
0.86%
Q1
0.00%
Min
0.00%
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Berkshire Hathaway (BRK.B) vs. Cboe Global Markets (CBOE): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Berkshire Hathaway (BRK.B) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Cboe Global Markets (CBOE) reports a payout of 21.49%, ranking against industry peers normally.

BRK.B

Financial Services industry group

0.00%

Max
241.07%
Q3
97.36%
Median
25.77%
BRK.B
0.00%
Q1
0.00%
Min
0.00%

CBOE

Financial Services industry group

21.49%

Max
241.07%
Q3
97.36%
Median
25.77%
CBOE
21.49%
Q1
0.00%
Min
0.00%
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Berkshire Hathaway (BRK.B) vs. Cboe Global Markets (CBOE): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for Berkshire Hathaway (BRK.B) and Cboe Global Markets (CBOE)
MetricBRK.BCBOE
Dividend Yield (TTM)0.00%0.86%
Dividend Payout Ratio (TTM)0.00%21.49%

Valuation

P/E Ratio (TTM)

Berkshire Hathaway (BRK.B) at 14.36 is near its industry’s usual P/E ratio, while Cboe Global Markets (CBOE) at 25.14 sits in the richer quartile — CBOE needs stronger growth or earnings quality to justify the premium.

BRK.B

Financial Services industry group

14.36

Max
45.85
Q3
24.64
Median
15.37
BRK.B
14.36
Q1
9.68
Min
0.16

CBOE

Financial Services industry group

25.14

Max
45.85
CBOE
25.14
Q3
24.64
Median
15.37
Q1
9.68
Min
0.16
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Berkshire Hathaway (BRK.B) vs. Cboe Global Markets (CBOE): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Berkshire Hathaway (BRK.B) at 3.18 is priced about in line with its industry on P/S ratio, while Cboe Global Markets (CBOE) at 6.98 sits in the pricier quartile — CBOE costs more per dollar of sales.

BRK.B

Financial Services industry group

3.18

Max
9.23
Q3
4.57
BRK.B
3.18
Median
2.72
Q1
1.28
Min
-0.55

CBOE

Financial Services industry group

6.98

Max
9.23
CBOE
6.98
Q3
4.57
Median
2.72
Q1
1.28
Min
-0.55
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Berkshire Hathaway (BRK.B) vs. Cboe Global Markets (CBOE): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

Berkshire Hathaway (BRK.B) at 0.00 looks cheap against book in the lower P/B ratio quartile, while Cboe Global Markets (CBOE) at 6.22 carries a premium in the upper quartile — a clear price-to-book gap.

BRK.B

Financial Services industry group

0.00

Max
7.79
Q3
3.63
Median
1.57
Q1
0.81
BRK.B
0.00
Min
-0.39

CBOE

Financial Services industry group

6.22

Max
7.79
CBOE
6.22
Q3
3.63
Median
1.57
Q1
0.81
Min
-0.39
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Berkshire Hathaway (BRK.B) vs. Cboe Global Markets (CBOE): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Berkshire Hathaway (BRK.B) and Cboe Global Markets (CBOE)
MetricBRK.BCBOE
P/E Ratio (TTM)14.3625.14
P/S Ratio (TTM)3.186.98
P/B Ratio (MRQ)0.006.22
Free Cash Flow Yield (TTM)----