Cme Group Inc.

Finance
Investment Bankers/Brokers/Service
www.cmegroup.com

Earnings Score
Moat Score
Safety Score

Market Cap $102.30B
PE 29
Debt $3.42B
Cash $122.11B
EV -$16.39B
FCF $3.83B

Earnings

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Sales & Net Margins

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Earnings	$3.58B
EBIT	$4.67B
ROE	13%
ROA	3%
FCF	$3.83B
Equity	$27.03B
Growth Stability	78%
PE	28.57
PEG	2.27
PB	3.78
P/FCF	26.74
P/S	16.28
Price/Cash	1.19
Debt/Equity	0.13
Debt/FCF	0.89
Net Margins	57%
Op. Margins	74%
Earnings CAGR	7%
Sales Growth YoY	10%
Sales Growth QoQ	8%
Sales CAGR	6%
FCF CAGR	10%
Equity CAGR	4%
Earnings Stability	0.28
Earnings Growth YoY	12%
Earnings Growth QoQ	9%
Earnings CAGR 5Y	13%

Sales CAGR 5Y	6%
FCF CAGR 5Y	11%
Equity CAGR 5Y	0%
Earnings CAGR 3Y	10%
Sales CAGR 3Y	10%
FCF CAGR 3Y	14%
Equity CAGR 3Y	-1%
Market Cap	$102.30B
Revenue	$6.28B
Dividend Yield	4%
Payout Ratio	107%
Assets	$157.83B
Total Debt	$3.42B
Cash	$122.11B
Shares Outstanding	359.01M
EV	-16.39B
Earnings Score	12%
Moat Score	73%
Safety Score	95%
Final Score	60%
Working Capital	2.03B
Current Ratio	1.02
Shares Growth 3y	0%
Equity Growth QoQ	2%
Equity Growth YoY	-0%

Assets & ROA

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Stockholders Equity & ROE

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Based in Chicago, CME Group operates exchanges giving investors, suppliers, and businesses the ability to trade futures and derivatives based on interest rates, equity indexes, foreign currencies, energy, metals, and commodities. The CME was founded in 1898 and in 2002 completed its initial public offering. Since then, CME Group has consolidated parts of the industry by merging with crosstown rival, CBOT Holdings in 2007 before acquiring Nymex Holdings in 2008 and NEX in 2018. In addition, the company has a 27% stake in S&P/Dow Jones Indices LLC, making the Chicago Mercantile Exchange the exclusive venue to trade and clear S&P futures contracts. Through CME's acquisition of NEX in 2018 it has also expanded into cash foreign exchange, fixed income trading, and collateral optimization.

SEC Filings

Direct access to Cme Group Inc. (CME) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2025
- 10-Q Mar 31
2024
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Cme Group Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Cme Group Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 7%

Stability 28%

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Cme Group Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Cme Group Inc..

Years

Calculation mode

= $75B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$3.8B	$4.2B	$4.6B	$5.1B	$5.5B	$6.1B	$6.7B	$7.3B	$8B	$8.8B	$9.7B	$97B
DCF		$3.8B	$3.8B	$3.8B	$3.8B	$3.8B	$3.8B	$3.8B	$3.8B	$3.7B	$3.7B	$37B
Value	$75B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Net Margins	37%	43%	111%	46%	43%	43%	56%	53%	57%	57%	57%
ROA	-	3%	3%	4%	4%	2%	2%	2%	3%	3%	3%
ROE	-	8%	18%	8%	8%	8%	10%	10%	12%	13%	13%

Good Net Margins (57.49%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	TTM
Debt over FCF	-	1.37	1.27	1.89	1.54	1.37	1.51	1.16	1.01	0.95	0.89
Debt over Equity	0.11	0.11	0.1	0.17	0.14	0.13	0.13	0.13	0.13	0.13	0.13
Growth Stability	-	-	-	86%	84%	78%	100%	100%	100%	100%	78%

Good Debt/FCF ratio (0.89)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.13)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (78%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	12/2024	CAGR 5Y
Revenue YoY growth	-	8%	1%	18%	13%	0%	-4%	7%	11%	10%	6%
Earnings YoY growth	-	23%	165%	-52%	8%	-1%	24%	2%	20%	9%	13%
Equity YoY growth	-	-1%	10%	16%	1%	1%	4%	-2%	-1%	-1%	0%
FCF YoY growth	-	16%	8%	32%	4%	4%	-10%	30%	14%	6%	11%