CME Group

CME’s balance sheet is very strong. End-2024 net liquidity was essentially zero–CME had $3.1B cash versus $3.4B debt, implying minimal leverage on a ~$85B market cap. This is extremely conservative for a financial services company.

CME’s financial metrics are robust, with all clearinghouse units required to hold large prefunded accounts, further strengthening their position. We see virtually no risk of financial distress, so CME scores very high here.