CBOE vs. MMC: A Head-to-Head Stock Comparison

Updated on November 18, 2025

Here’s a clear look at CBOE and MMC, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

Symbol	CBOE	MMC
Company Name	Cboe Global Markets, Inc.	Marsh & McLennan Companies, Inc.
Country	United States	United States
GICS Sector	Financials	Financials
GICS Industry	Capital Markets	Insurance
Market Capitalization	27.12 billion USD	87.26 billion USD
Exchange	Cboe US	NYSE
Listing Date	June 15, 2010	February 21, 1973
Security Type	Common Stock	Common Stock

Historical Performance

This chart compares the performance of CBOE and MMC 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.

CBOE vs. MMC: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	CBOE	MMC
5-Day Price Return	3.55%	-1.32%
13-Week Price Return	2.33%	-12.41%
26-Week Price Return	10.63%	-21.85%
52-Week Price Return	29.73%	-20.19%
Month-to-Date Return	5.50%	-0.02%
Year-to-Date Return	32.62%	-16.14%
10-Day Avg. Volume	0.20M	3.37M
3-Month Avg. Volume	0.25M	2.63M
3-Month Volatility	20.94%	23.14%
Beta	0.36	0.77

Profitability

Return on Equity (TTM)

CBOE

21.51%

Capital Markets Industry

Max: 38.97%
Q3: 22.24%
Median: 13.52%
Q1: 8.61%
Min: -4.25%

CBOE’s Return on Equity of 21.51% is on par with the norm for the Capital Markets industry, indicating its profitability relative to shareholder equity is typical for the sector.

MMC

28.30%

Insurance Industry

Max: 30.96%
Q3: 18.76%
Median: 14.22%
Q1: 10.34%
Min: 1.73%

In the upper quartile for the Insurance industry, MMC’s Return on Equity of 28.30% signals a highly effective use of shareholder capital to drive profitability compared to most of its peers.

CBOE vs. MMC: A comparison of their Return on Equity (TTM) against their respective Capital Markets and Insurance industry benchmarks.

Net Profit Margin (TTM)

CBOE

21.29%

Capital Markets Industry

Max: 69.91%
Q3: 37.24%
Median: 24.30%
Q1: 13.06%
Min: -15.18%

CBOE’s Net Profit Margin of 21.29% is aligned with the median group of its peers in the Capital Markets industry. This indicates its ability to convert revenue into profit is typical for the sector.

MMC

15.60%

Insurance Industry

Max: 26.78%
Q3: 14.69%
Median: 9.87%
Q1: 6.59%
Min: -3.51%

A Net Profit Margin of 15.60% places MMC in the upper quartile for the Insurance industry, signifying strong profitability and more effective cost management than most of its peers.

CBOE vs. MMC: A comparison of their Net Profit Margin (TTM) against their respective Capital Markets and Insurance industry benchmarks.

Operating Profit Margin (TTM)

CBOE

29.26%

Capital Markets Industry

Max: 84.86%
Q3: 47.16%
Median: 32.23%
Q1: 18.65%
Min: -21.87%

CBOE’s Operating Profit Margin of 29.26% is around the midpoint for the Capital Markets industry, indicating that its efficiency in managing core business operations is typical for the sector.

MMC

23.23%

Insurance Industry

Max: 34.52%
Q3: 20.17%
Median: 14.46%
Q1: 9.62%
Min: -2.51%

In the Insurance industry, Operating Profit Margin is often not the primary measure of operational efficiency.

CBOE vs. MMC: A comparison of their Operating Profit Margin (TTM) against their respective Capital Markets and Insurance industry benchmarks.

Profitability at a Glance

Symbol	CBOE	MMC
Return on Equity (TTM)	21.51%	28.30%
Return on Assets (TTM)	11.37%	7.15%
Net Profit Margin (TTM)	21.29%	15.60%
Operating Profit Margin (TTM)	29.26%	23.23%
Gross Profit Margin (TTM)	49.43%	--

Financial Strength

Current Ratio (MRQ)

CBOE

1.72

Capital Markets Industry

Max: 3.37
Q3: 1.81
Median: 1.01
Q1: 0.56
Min: 0.04

For the Capital Markets industry, the Current Ratio is often not the most suitable measure of short-term liquidity.

MMC

1.12

Insurance Industry

Max: 2.97
Q3: 1.37
Median: 0.54
Q1: 0.15
Min: 0.00

For the Insurance industry, the Current Ratio is often not the most suitable measure of short-term liquidity.

CBOE vs. MMC: A comparison of their Current Ratio (MRQ) against their respective Capital Markets and Insurance industry benchmarks.

Debt-to-Equity Ratio (MRQ)

CBOE

0.30

Capital Markets Industry

Max: 6.52
Q3: 2.79
Median: 0.96
Q1: 0.28
Min: 0.00

The Debt-to-Equity Ratio is often not the primary focus for assessing leverage in the Capital Markets industry.

MMC

1.29

Insurance Industry

Max: 1.25
Q3: 0.65
Median: 0.34
Q1: 0.23
Min: 0.00

The Debt-to-Equity Ratio is often not the primary focus for assessing leverage in the Insurance industry.

CBOE vs. MMC: A comparison of their Debt-to-Equity Ratio (MRQ) against their respective Capital Markets and Insurance industry benchmarks.

Interest Coverage Ratio (TTM)

CBOE

120.05

Capital Markets Industry

Max: 107.59
Q3: 48.41
Median: 10.85
Q1: 4.56
Min: -36.26

The Interest Coverage Ratio is often not a primary indicator of debt servicing capacity in the Capital Markets industry.

MMC

10.06

Insurance Industry

Max: 43.68
Q3: 21.45
Median: 9.67
Q1: 3.55
Min: -5.73

The Interest Coverage Ratio is often not a primary indicator of debt servicing capacity in the Insurance industry.

CBOE vs. MMC: A comparison of their Interest Coverage Ratio (TTM) against their respective Capital Markets and Insurance industry benchmarks.

Financial Strength at a Glance

Symbol	CBOE	MMC
Current Ratio (MRQ)	1.72	1.12
Quick Ratio (MRQ)	1.72	1.12
Debt-to-Equity Ratio (MRQ)	0.30	1.29
Interest Coverage Ratio (TTM)	120.05	10.06

Growth

Revenue Growth

CBOE vs. MMC: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

CBOE vs. MMC: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

CBOE

1.03%

Capital Markets Industry

Max: 9.02%
Q3: 4.54%
Median: 2.55%
Q1: 1.27%
Min: 0.00%

CBOE’s Dividend Yield of 1.03% is in the lower quartile for the Capital Markets industry. This suggests the company’s strategy likely favors retaining earnings for growth over providing a high dividend income.

MMC

1.91%

Insurance Industry

Max: 9.80%
Q3: 5.18%
Median: 3.58%
Q1: 2.07%
Min: 0.00%

MMC’s Dividend Yield of 1.91% is in the lower quartile for the Insurance industry. This suggests the company’s strategy likely favors retaining earnings for growth over providing a high dividend income.

CBOE vs. MMC: A comparison of their Dividend Yield (TTM) against their respective Capital Markets and Insurance industry benchmarks.

Dividend Payout Ratio (TTM)

CBOE

27.97%

Capital Markets Industry

Max: 199.38%
Q3: 99.28%
Median: 60.67%
Q1: 32.00%
Min: 0.00%

CBOE’s Dividend Payout Ratio of 27.97% is in the lower quartile for the Capital Markets industry. This suggests a conservative dividend policy, with a strategic focus on reinvesting profits for future growth.

MMC

40.17%

Insurance Industry

Max: 169.40%
Q3: 85.57%
Median: 53.26%
Q1: 23.68%
Min: 0.00%

MMC’s Dividend Payout Ratio of 40.17% is within the typical range for the Insurance industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

CBOE vs. MMC: A comparison of their Dividend Payout Ratio (TTM) against their respective Capital Markets and Insurance industry benchmarks.

Dividend at a Glance

Symbol	CBOE	MMC
Dividend Yield (TTM)	1.03%	1.91%
Dividend Payout Ratio (TTM)	27.97%	40.17%

Valuation

Price-to-Earnings Ratio (TTM)

CBOE

27.27

Capital Markets Industry

Max: 51.69
Q3: 29.42
Median: 17.58
Q1: 12.55
Min: 5.59

CBOE’s P/E Ratio of 27.27 is within the middle range for the Capital Markets industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

MMC

21.05

Insurance Industry

Max: 30.75
Q3: 18.11
Median: 12.67
Q1: 9.66
Min: 2.87

A P/E Ratio of 21.05 places MMC in the upper quartile for the Insurance industry. This high valuation relative to peers suggests the market holds elevated expectations for the company’s future growth.

CBOE vs. MMC: A comparison of their Price-to-Earnings Ratio (TTM) against their respective Capital Markets and Insurance industry benchmarks.

Price-to-Sales Ratio (TTM)

CBOE

5.81

Capital Markets Industry

Max: 14.65
Q3: 7.29
Median: 4.53
Q1: 2.26
Min: 0.04

CBOE’s P/S Ratio of 5.81 aligns with the market consensus for the Capital Markets industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

MMC

3.28

Insurance Industry

Max: 3.41
Q3: 1.88
Median: 1.22
Q1: 0.80
Min: 0.23

MMC’s P/S Ratio of 3.28 is in the upper echelon for the Insurance industry. This means the company is valued richly on its revenue stream compared to its peers, suggesting the stock is priced for a high level of future performance.

CBOE vs. MMC: A comparison of their Price-to-Sales Ratio (TTM) against their respective Capital Markets and Insurance industry benchmarks.

Price-to-Book Ratio (MRQ)

CBOE

5.25

Capital Markets Industry

Max: 10.83
Q3: 5.12
Median: 2.66
Q1: 1.19
Min: 0.37

CBOE’s P/B Ratio of 5.25 is in the upper tier for the Capital Markets industry. This indicates that investors are paying a premium relative to the company’s net assets, a valuation that hinges on its ability to generate superior profits.

MMC

6.52

Insurance Industry

Max: 4.57
Q3: 2.56
Median: 1.88
Q1: 1.20
Min: 0.17

At 6.52, MMC’s P/B Ratio is at an extreme premium to the Insurance industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

CBOE vs. MMC: A comparison of their Price-to-Book Ratio (MRQ) against their respective Capital Markets and Insurance industry benchmarks.

Valuation at a Glance

Symbol	CBOE	MMC
Price-to-Earnings Ratio (TTM)	27.27	21.05
Price-to-Sales Ratio (TTM)	5.81	3.28
Price-to-Book Ratio (MRQ)	5.25	6.52
Price-to-Free Cash Flow Ratio (TTM)	19.87	15.79