CBOE vs. FRHC: Cboe Global Markets vs. Freedom Stock Comparison
How do Cboe Global Markets (CBOE) and Freedom (FRHC) 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
Cboe Global Markets (CBOE) and Freedom (FRHC) both belong to the Capital Markets industry, though CBOE is classified under Financial Exchanges & Data while FRHC falls under Investment Banking & Brokerage.
| Profile Item | CBOE | FRHC |
|---|---|---|
| Name | Cboe Global Markets Inc. | Freedom Holding Corp. |
| Country/Region | United States | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Financial Services | Financial Services |
| GICS Industry | Capital Markets | Capital Markets |
| GICS Sub-Industry | Financial Exchanges & Data | Investment Banking & Brokerage |
| Market Capitalization | 36.86 billion USD | 11.41 billion USD |
| Currency | USD | USD |
| Exchange | Cboe | Nasdaq |
| Listing Date | June 15, 2010 | February 7, 2018 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CBOE | FRHC |
|---|---|---|
| Total Return (1Y) | 38.97% | 18.04% |
| Total Return (3Y, Annualized) | 27.34% | 28.04% |
| Total Return (5Y, Annualized) | 23.42% | 18.95% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CBOE | FRHC |
|---|---|---|
| Volatility (1Y, Annualized) | 36.53% | 47.01% |
| Beta (5Y) | 0.35 | 0.71 |
| Max Drawdown (5Y) | -36.73% | -45.80% |
| Avg. Volume (3M) | 1.14M | 108.35K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CBOE | FRHC |
|---|---|---|
| Sharpe Ratio (1Y) | 0.95 | 0.29 |
| Sortino Ratio (1Y) | 1.37 | 0.45 |
Profitability
ROE (TTM)
Cboe Global Markets (CBOE) at 27.39% sits in the top ROE quartile, while Freedom (FRHC) at 10.68% is closer to the peer norm — stronger capital efficiency for CBOE.
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%
FRHC
Financial Services industry group
10.68%
- Max
- 44.78%
- Q3
- 21.85%
- Median
- 12.91%
- FRHC
- 10.68%
- Q1
- 4.48%
- Min
- -18.71%
Net Margin (TTM)
Both Cboe Global Markets (CBOE) at 28.05% and Freedom (FRHC) at 8.43% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
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%
FRHC
Financial Services industry group
8.43%
- Max
- 62.84%
- Q3
- 28.05%
- Median
- 15.36%
- FRHC
- 8.43%
- Q1
- 4.82%
- Min
- -28.52%
Operating Margin (TTM)
Cboe Global Markets (CBOE) at 35.29% runs core operations around its industry’s norm, while Freedom (FRHC) at 5.01% operates in the bottom quartile.
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%
FRHC
Financial Services industry group
5.01%
- Max
- 107.33%
- Q3
- 55.90%
- Median
- 30.09%
- Q1
- 14.60%
- FRHC
- 5.01%
- Min
- -44.34%
Profitability Metrics
| Metric | CBOE | FRHC |
|---|---|---|
| ROE (TTM) | 27.39% | 10.68% |
| ROA (TTM) | 11.84% | 1.24% |
| Net Margin (TTM) | 28.05% | 8.43% |
| Operating Margin (TTM) | 35.29% | 5.01% |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both Cboe Global Markets (CBOE) at 15.13% and Freedom (FRHC) at 8.97% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Freedom (FRHC) at 98.93% sits in the top EPS growth quartile, while Cboe Global Markets (CBOE) at 44.52% is closer to the peer norm — faster per-share earnings growth for FRHC.
Growth Metrics
| Metric | CBOE | FRHC |
|---|---|---|
| Revenue Growth (YoY) | 15.13% | 8.97% |
| Revenue Growth (3Y CAGR) | 6.00% | 39.61% |
| EPS Growth (YoY) | 44.52% | 98.93% |
| EPS Growth (3Y CAGR) | 68.19% | -10.08% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Cboe Global Markets (CBOE) in Financial Services and Freedom (FRHC) 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: Cboe Global Markets (CBOE) in Financial Services and Freedom (FRHC) 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
| Metric | CBOE | FRHC |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Freedom (FRHC) 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.
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%
FRHC
Financial Services industry group
0.00%
- Max
- 9.77%
- Q3
- 3.92%
- Median
- 1.09%
- FRHC
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Freedom (FRHC) 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.
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%
FRHC
Financial Services industry group
0.00%
- Max
- 241.07%
- Q3
- 97.36%
- Median
- 25.77%
- FRHC
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CBOE | FRHC |
|---|---|---|
| Dividend Yield (TTM) | 0.86% | 0.00% |
| Dividend Payout Ratio (TTM) | 21.49% | 0.00% |
Valuation
P/E Ratio (TTM)
Both look expensive on trailing earnings: Cboe Global Markets (CBOE) at 25.14 sits in the richer P/E ratio quartile, and Freedom (FRHC) at 70.97 is richer still, above its industry range.
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
FRHC
Financial Services industry group
70.97
- FRHC
- 70.97
- Max
- 45.85
- Q3
- 24.64
- Median
- 15.37
- Q1
- 9.68
- Min
- 0.16
P/S Ratio (TTM)
Both Cboe Global Markets (CBOE) at 6.98 and Freedom (FRHC) at 6.51 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.
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
FRHC
Financial Services industry group
6.51
- Max
- 9.23
- FRHC
- 6.51
- Q3
- 4.57
- Median
- 2.72
- Q1
- 1.28
- Min
- -0.55
P/B Ratio (MRQ)
Both Cboe Global Markets (CBOE) at 6.22 and Freedom (FRHC) at 7.16 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.
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
FRHC
Financial Services industry group
7.16
- Max
- 7.79
- FRHC
- 7.16
- Q3
- 3.63
- Median
- 1.57
- Q1
- 0.81
- Min
- -0.39
Valuation Metrics
| Metric | CBOE | FRHC |
|---|---|---|
| P/E Ratio (TTM) | 25.14 | 70.97 |
| P/S Ratio (TTM) | 6.98 | 6.51 |
| P/B Ratio (MRQ) | 6.22 | 7.16 |
| Free Cash Flow Yield (TTM) | -- | -- |