CBOE vs. LPLA: Cboe Global Markets vs. LPL Financial Stock Comparison
How do Cboe Global Markets (CBOE) and LPL Financial (LPLA) 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 LPL Financial (LPLA) both belong to the Capital Markets industry, though CBOE is classified under Financial Exchanges & Data while LPLA falls under Investment Banking & Brokerage.
| Profile Item | CBOE | LPLA |
|---|---|---|
| Name | Cboe Global Markets Inc. | LPL Financial Holdings Inc. |
| 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 | 23.01 billion USD |
| Currency | USD | USD |
| Exchange | Cboe | Nasdaq |
| Listing Date | June 15, 2010 | November 18, 2010 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CBOE | LPLA |
|---|---|---|
| Total Return (1Y) | 38.97% | -17.27% |
| Total Return (3Y, Annualized) | 27.34% | 11.10% |
| Total Return (5Y, Annualized) | 23.42% | 13.92% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CBOE | LPLA |
|---|---|---|
| Volatility (1Y, Annualized) | 36.53% | 39.22% |
| Beta (5Y) | 0.35 | 0.52 |
| Max Drawdown (5Y) | -36.73% | -33.18% |
| Avg. Volume (3M) | 1.14M | 855.76K |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CBOE | LPLA |
|---|---|---|
| Sharpe Ratio (1Y) | 0.95 | -0.55 |
| Sortino Ratio (1Y) | 1.37 | -0.70 |
Profitability
ROE (TTM)
Both Cboe Global Markets (CBOE) at 27.39% and LPL Financial (LPLA) at 25.66% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.
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%
LPLA
Financial Services industry group
25.66%
- Max
- 44.78%
- LPLA
- 25.66%
- Q3
- 21.85%
- Median
- 12.91%
- Q1
- 4.48%
- Min
- -18.71%
Net Margin (TTM)
Both Cboe Global Markets (CBOE) at 28.05% and LPL Financial (LPLA) at 6.97% 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%
LPLA
Financial Services industry group
6.97%
- Max
- 62.84%
- Q3
- 28.05%
- Median
- 15.36%
- LPLA
- 6.97%
- 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 LPL Financial (LPLA) at 10.85% 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%
LPLA
Financial Services industry group
10.85%
- Max
- 107.33%
- Q3
- 55.90%
- Median
- 30.09%
- Q1
- 14.60%
- LPLA
- 10.85%
- Min
- -44.34%
Profitability Metrics
| Metric | CBOE | LPLA |
|---|---|---|
| ROE (TTM) | 27.39% | 25.66% |
| ROA (TTM) | 11.84% | 7.35% |
| Net Margin (TTM) | 28.05% | 6.97% |
| Operating Margin (TTM) | 35.29% | 10.85% |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
LPL Financial (LPLA) at 37.18% sits in the top revenue growth quartile, while Cboe Global Markets (CBOE) at 15.13% is closer to the peer norm — faster top-line expansion for LPLA.
EPS Growth
Both Cboe Global Markets (CBOE) at 44.52% and LPL Financial (LPLA) at -22.17% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.
Growth Metrics
| Metric | CBOE | LPLA |
|---|---|---|
| Revenue Growth (YoY) | 15.13% | 37.18% |
| Revenue Growth (3Y CAGR) | 6.00% | 25.47% |
| EPS Growth (YoY) | 44.52% | -22.17% |
| EPS Growth (3Y CAGR) | 68.19% | 1.64% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Cboe Global Markets (CBOE) in Financial Services and LPL Financial (LPLA) 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 LPL Financial (LPLA) 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 | LPLA |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Cboe Global Markets (CBOE) at 0.86% and LPL Financial (LPLA) at 0.40% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
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%
LPLA
Financial Services industry group
0.40%
- Max
- 9.77%
- Q3
- 3.92%
- Median
- 1.09%
- LPLA
- 0.40%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Cboe Global Markets (CBOE) at 21.49% and LPL Financial (LPLA) at 6.88% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
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%
LPLA
Financial Services industry group
6.88%
- Max
- 241.07%
- Q3
- 97.36%
- Median
- 25.77%
- LPLA
- 6.88%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CBOE | LPLA |
|---|---|---|
| Dividend Yield (TTM) | 0.86% | 0.40% |
| Dividend Payout Ratio (TTM) | 21.49% | 6.88% |
Valuation
P/E Ratio (TTM)
LPL Financial (LPLA) at 16.93 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.
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
LPLA
Financial Services industry group
16.93
- Max
- 45.85
- Q3
- 24.64
- LPLA
- 16.93
- Median
- 15.37
- Q1
- 9.68
- Min
- 0.16
P/S Ratio (TTM)
LPL Financial (LPLA) at 1.15 looks cheap on sales in the lower P/S ratio quartile, while Cboe Global Markets (CBOE) at 6.98 looks rich in the upper quartile — a clear gap in price per dollar of revenue.
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
LPLA
Financial Services industry group
1.15
- Max
- 9.23
- Q3
- 4.57
- Median
- 2.72
- Q1
- 1.28
- LPLA
- 1.15
- Min
- -0.55
P/B Ratio (MRQ)
Both Cboe Global Markets (CBOE) at 6.22 and LPL Financial (LPLA) at 3.98 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
LPLA
Financial Services industry group
3.98
- Max
- 7.79
- LPLA
- 3.98
- Q3
- 3.63
- Median
- 1.57
- Q1
- 0.81
- Min
- -0.39
Valuation Metrics
| Metric | CBOE | LPLA |
|---|---|---|
| P/E Ratio (TTM) | 25.14 | 16.93 |
| P/S Ratio (TTM) | 6.98 | 1.15 |
| P/B Ratio (MRQ) | 6.22 | 3.98 |
| Free Cash Flow Yield (TTM) | -- | -- |