Chicago Mercantile Exchange Holdings

With investors rushing to hedge their bets and with derivatives growing like mad, the Chicago Mercantile Exchange finds itself one of the most important bourses in the world. Revenues climbed 22% last year, as net income jumped 33%. The exchange, whose stock has surged more than 50%, to over 560 a share, since the beginning of 2006, has become the market of choice for investors who use futures contracts to speculate on—or protect themselves from—changes in interest rates, currencies, agricultural prices, and equity indexes. CEO Craig Donohue’s challenge: closing an $8 billion deal for the Chicago Board of Trade, which will vault the Merc ahead of Europe’s Euronext to be the global No. 1 in futures and derivatives. But first it must convince the regulators that uniting the nation’s two leading futures markets is not monopolistic in a world where competitors are not across town, but around the globe.

Overall Grade


Market Data


Market Value

$18.8 Billion




Sales Growth Rate**



12-Month Sales

$1.1 Billion

12-Month Net Income

$0.4 Billion

Total Return Past 12 Months


Past 36 Months


Economic SectorFinancials
IndustrySpecialized Finance
The overall sector letter grade reflects how the weighted average of the return on income, or return on equity, and sales growth grades compare with others in the same sector. For the overall grade as well as the ROE/ROI and sales growth grades, an "A" places a company in the top 7% of its sector and an "A-" in the top 14% of the sector. The actual ranking was done using the underlying numerical measures. Grades are for information only.
* For nonfinancial companies, three-year average pretax operating profit before interest and special items as a percentage of average invested capital. For financial companies, pretax profits as a percentage of average shareholder's equity.
*Three-year average annual sales growth based on the most recently reported 36 months, calculated using the least-squares method.

Craig S. Donohue

Craig S. Donohue, 45

CEO since January 2004

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Data as of 2/28/07 provided by Standard & Poor's Compustat