FUNDAMENTAL ANALYSIS
CME
CME Group
Last Updated: 2026-10-29View stock page →
FUNDAMENTAL RATING
FUNDAMENTAL SCORE
Bearish
29 / 100
Summary
CME Group's Altman Z-score is 0.59 and sits in the distress zone, below the model's threshold of 1.10, which raises near-term solvency attention. The company has grown revenue and net income across recent annual filings: revenue compounded at 9.11% a year (CAGR, compound annual growth rate) and net income at 14.81% a year. Latest annual revenue rose 6.4% and net income rose 15.5%, and the most recent quarter reported $1.04B in net income with a QoQ (quarter-over-quarter) decline of 0.5%. Assets cover liabilities 1.17 times, a thin cushion, and the Piotroski F-Score of 3 on a 0 to 9 quality scale indicates low earnings-quality signals. Net margin of 62.5% is unusually high for Financials, reflecting exchange and data-licensing economics, and the price-to-earnings ratio of 26.25 is approximately in line with the S&P 500 average. The next earnings report must show whether operating cash flow and balance-sheet trends lift the Altman Z-score above the distress threshold or whether solvency risk persists.
Revenue — Annual Comparison
Net Income — Annual Comparison
Quarterly Detail Charts
Quarterly Revenue
Quarterly Net Income
Piotroski F-Score Breakdown 3/9 · Neutral
✓ Profitability — Net income positive this fiscal year Pass
✗ Return on Assets — Return on Assets improved year-over-year Fail
✓ Cash flow positive — Cash from operations positive this fiscal year Pass
✗ Earnings quality — Cash from operations exceeds net income Fail
· Leverage down — Long-term debt / total assets improved N/A
✓ Liquidity up — Current ratio improved year-over-year Pass
✗ No share dilution — Share count did not increase year-over-year Fail
· Margin up — Gross margin expanded year-over-year N/A
✗ Asset efficiency — Asset turnover improved year-over-year Fail
Data Source
This dashboard applies a modified 9-signal Piotroski F-Score (Piotroski, 2000) and Altman Z-Score models. Fundamental filing data is sourced from the SEC's EDGAR XBRL database (primary), with API Ninjas as backup for freshly-filed 10-Ks not yet in SEC. Live price, market cap, and EPS display use Tiingo end-of-day data. This page is informational analysis, not investment advice. See Financial Disclaimer.
Recent Filings
2026-10-23 10-Q
2026-07-24 10-Q
2026-04-24 10-Q
2026-02-26 10-K
2025-10-24 10-Q
2025-02-27 10-K
2024-02-28 10-K
2023-02-27 10-K
Formula & Methodology
Trend inputAnnual revenue and net income year-over-year direction contributes 20% of the score.
Piotroski inputModified 9-test Piotroski F-Score (Quality) contributes 40% of the score.
Altman inputAltman Z-Score (Distress) contributes 40% of the score.
Rating ruleFormula: Trend (20%) + Piotroski F-Score (40%) + Altman Z-Score (40%). Trend blends annual revenue and net income year-over-year direction. Piotroski is the modified 9-test variant (7 classic + 2 cash-flow tests). Altman uses the 1968 Z-Score with Safe/Grey/Distress zones. Combined blend uses ±0.45 thresholds: Bullish at +0.45 or higher, Bearish at -0.45 or lower, Neutral in between. Missing sub-signals count as Neutral (0) and weights are not re-normalized — a company with fewer available signals must earn its rating from stronger reads on the remaining pillars.