Cboe Global Markets, Inc. (CBOE) vs Northern Trust Corporation (NTRS)

CBOE and NTRS are evenly matched — 7 metrics each of 14.

A side-by-side comparison of Cboe Global Markets, Inc. and Northern Trust Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 9, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Compare

Total return — CBOE vs NTRS

growth of $100 · last 16y
CBOE +715.6%NTRS +264.7%CBOE compounded faster
05001kStart $10020132016201920222025$816$365
CBOE NTRS

CBOE vs NTRS: by the numbers

  • NTRS is the larger company ($33.84B vs $28.03B market cap).
  • NTRS trades at the lower earnings multiple (18.84 vs 22.63 P/E).
  • CBOE converts more revenue to profit (25.77% vs 12.83% net margin).
  • NTRS grew revenue faster over the past five years (18.70% vs 6.39% CAGR).
  • NTRS pays the higher dividend yield (1.78% vs 1.09%).

Which is better, CBOE or NTRS?

Metric tally: CBOE 7 · NTRS 7

It depends on what you're optimizing for:

ValueNTRS(lower P/E)
GrowthNTRS(faster 5Y revenue CAGR)
IncomeNTRS(higher dividend yield)
QualityCBOE(higher ROIC)

Metrics side by side

Valuation

MetricCBOENTRS
P/E ratio22.6318.84
Forward P/E19.5816.33
P/S ratio5.812.30
P/B ratio5.182.58
PEG ratio0.541.90

Profitability

MetricCBOENTRS
Gross margin52.22%57.34%
Operating margin34.30%17.23%
Net margin25.77%12.83%
ROE22.99%14.40%
ROIC15.31%5.04%

Dividends

MetricCBOENTRS
Dividend yield1.09%1.78%
Payout ratio27.53%36.41%

Growth (annualized)

MetricCBOENTRS
Revenue CAGR (5Y)6.39%18.70%
EPS CAGR (5Y)19.57%9.91%
Total return CAGR (5Y)19.50%13.38%

Frequently asked

Which is better, CBOE or NTRS?
It depends on your goal. value: NTRS (lower P/E); growth: NTRS (faster 5Y revenue CAGR); income: NTRS (higher dividend yield); quality: CBOE (higher ROIC). Across all compared metrics, they are evenly matched.
Is CBOE or NTRS cheaper?
On trailing earnings, NTRS is cheaper: CBOE trades at a 22.63 P/E and NTRS at 18.84.
Which has grown faster, CBOE or NTRS?
Over the past five years, NTRS grew revenue faster — CBOE at a 6.39% CAGR versus NTRS at 18.70%.
Does CBOE or NTRS pay a bigger dividend?
CBOE yields 1.09% and NTRS yields 1.78% based on trailing dividends and the latest price.
Is CBOE or NTRS more profitable?
CBOE runs the higher net margin — CBOE at 25.77% versus NTRS at 12.83%.
Which has been the better investment, CBOE or NTRS?
Over the past 10-year, CBOE delivered the higher annualized total return — CBOE at 16.16% versus NTRS at 13.87%. Past performance doesn't predict future results.

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified July 9, 2026.