CBOE vs. NTRS: Cboe Global Markets vs. Northern Trust Stock Comparison
How do Cboe Global Markets (CBOE) and Northern Trust (NTRS) 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 Northern Trust (NTRS) both belong to the Capital Markets industry, though CBOE is classified under Financial Exchanges & Data while NTRS falls under Asset Management & Custody Banks.
| Profile Item | CBOE | NTRS |
|---|---|---|
| Name | Cboe Global Markets Inc. | Northern Trust Corporation |
| 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 | Asset Management & Custody Banks |
| Market Capitalization | 36.86 billion USD | 31.29 billion USD |
| Currency | USD | USD |
| Exchange | Cboe | Nasdaq |
| Listing Date | June 15, 2010 | March 17, 1980 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CBOE | NTRS |
|---|---|---|
| Total Return (1Y) | 38.97% | 39.45% |
| Total Return (3Y, Annualized) | 27.34% | 40.68% |
| Total Return (5Y, Annualized) | 23.42% | 11.05% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CBOE | NTRS |
|---|---|---|
| Volatility (1Y, Annualized) | 36.53% | 24.90% |
| Beta (5Y) | 0.35 | 1.18 |
| Max Drawdown (5Y) | -36.73% | -50.03% |
| Avg. Volume (3M) | 1.14M | 1.11M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CBOE | NTRS |
|---|---|---|
| Sharpe Ratio (1Y) | 0.95 | 1.41 |
| Sortino Ratio (1Y) | 1.37 | 2.17 |
Profitability
ROE (TTM)
Cboe Global Markets (CBOE) at 27.39% sits in the top ROE quartile, while Northern Trust (NTRS) at 18.44% 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%
NTRS
Financial Services industry group
18.44%
- Max
- 44.78%
- Q3
- 21.85%
- NTRS
- 18.44%
- Median
- 12.91%
- Q1
- 4.48%
- Min
- -18.71%
Net Margin (TTM)
Both Cboe Global Markets (CBOE) at 28.05% and Northern Trust (NTRS) at 26.00% 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%
NTRS
Financial Services industry group
26.00%
- Max
- 62.84%
- Q3
- 28.05%
- NTRS
- 26.00%
- Median
- 15.36%
- Q1
- 4.82%
- Min
- -28.52%
Operating Margin (TTM)
Both Cboe Global Markets (CBOE) at 35.29% and Northern Trust (NTRS) at 34.80% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
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%
NTRS
Financial Services industry group
34.80%
- Max
- 107.33%
- Q3
- 55.90%
- NTRS
- 34.80%
- Median
- 30.09%
- Q1
- 14.60%
- Min
- -44.34%
Profitability Metrics
| Metric | CBOE | NTRS |
|---|---|---|
| ROE (TTM) | 27.39% | 18.44% |
| ROA (TTM) | 11.84% | 1.44% |
| Net Margin (TTM) | 28.05% | 26.00% |
| Operating Margin (TTM) | 35.29% | 34.80% |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Cboe Global Markets (CBOE) at 15.13% is around its peer norm for revenue growth, while Northern Trust (NTRS) at -2.46% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
Both Cboe Global Markets (CBOE) at 44.52% and Northern Trust (NTRS) at -10.54% 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 | NTRS |
|---|---|---|
| Revenue Growth (YoY) | 15.13% | -2.46% |
| Revenue Growth (3Y CAGR) | 6.00% | 6.15% |
| EPS Growth (YoY) | 44.52% | -10.54% |
| EPS Growth (3Y CAGR) | 68.19% | 12.49% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Cboe Global Markets (CBOE) in Financial Services and Northern Trust (NTRS) 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 Northern Trust (NTRS) 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 | NTRS |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Both Cboe Global Markets (CBOE) at 0.86% and Northern Trust (NTRS) at 1.91% 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%
NTRS
Financial Services industry group
1.91%
- Max
- 9.77%
- Q3
- 3.92%
- NTRS
- 1.91%
- Median
- 1.09%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Cboe Global Markets (CBOE) at 21.49% and Northern Trust (NTRS) at 25.73% 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%
NTRS
Financial Services industry group
25.73%
- Max
- 241.07%
- Q3
- 97.36%
- Median
- 25.77%
- NTRS
- 25.73%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CBOE | NTRS |
|---|---|---|
| Dividend Yield (TTM) | 0.86% | 1.91% |
| Dividend Payout Ratio (TTM) | 21.49% | 25.73% |
Valuation
P/E Ratio (TTM)
Northern Trust (NTRS) at 13.55 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
NTRS
Financial Services industry group
13.55
- Max
- 45.85
- Q3
- 24.64
- Median
- 15.37
- NTRS
- 13.55
- Q1
- 9.68
- Min
- 0.16
P/S Ratio (TTM)
Northern Trust (NTRS) at 3.35 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.
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
NTRS
Financial Services industry group
3.35
- Max
- 9.23
- Q3
- 4.57
- NTRS
- 3.35
- Median
- 2.72
- Q1
- 1.28
- Min
- -0.55
P/B Ratio (MRQ)
Northern Trust (NTRS) at 2.51 is valued about in line with its industry on P/B ratio, while Cboe Global Markets (CBOE) at 6.22 carries an above-peer premium to book — CBOE is pricier on assets.
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
NTRS
Financial Services industry group
2.51
- Max
- 7.79
- Q3
- 3.63
- NTRS
- 2.51
- Median
- 1.57
- Q1
- 0.81
- Min
- -0.39
Valuation Metrics
| Metric | CBOE | NTRS |
|---|---|---|
| P/E Ratio (TTM) | 25.14 | 13.55 |
| P/S Ratio (TTM) | 6.98 | 3.35 |
| P/B Ratio (MRQ) | 6.22 | 2.51 |
| Free Cash Flow Yield (TTM) | -- | -- |