American Bitcoin Corp. (ABTC) vs BitGo Holdings, Inc. (BTGO)

American Bitcoin Corp. and BitGo Holdings, Inc. are both Capital Markets companies. BitGo Holdings, Inc. is the larger, with a market value of $936.8M against $712.0M — 1.3× the size. BitGo Holdings, Inc. has the higher net margin (−0.55% vs −71.8%) and the higher return on invested capital (0.00% vs −27.7%). Across the 15 metrics below, BitGo Holdings, Inc. leads on 12 and American Bitcoin Corp. on 3.

Valuation

Metric ABTC BTGO Capital Markets median
P/E n/m n/m 15.78
P/S 2.39 0.05 2.32
P/B 0.97 n/m 1.89
Price to free cash flow n/m n/m 6.25
EV/EBITDA n/m n/m 8.87
EV/Sales 2.37 (0.19) 2.28
Earnings yield (32.87%) (11.55%) (3.77%)
Free cash flow yield (87.67%) (7.43%) (1.49%)

Profitability

Metric ABTC BTGO Capital Markets median
Gross margin 52.66% 37.64% 62.80%
Operating margin (106.64%) 36.69% 0.00%
Net margin (71.75%) (0.55%) (0.55%)
Free cash flow margin (209.92%) (0.39%) 0.00%
Return on equity (58.97%) 0.00% 0.00%
Return on assets (29.63%) (3.02%) 0.00%
Return on invested capital (27.70%) 0.00% 0.00%

Growth

Metric ABTC BTGO Capital Markets median
Revenue growth (TTM) 168.57% — 21.02%
EPS growth (last fiscal year) 93.33% (114.62%) —
Revenue growth, 5-year CAGR 60.06% — 18.16%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric ABTC BTGO Capital Markets median
Debt to equity 0.00 1.75 0.08
Current ratio 0.19 1.07 1.51
Net debt to EBITDA 0.02 (329.19) (0.24)

Dividend

Metric ABTC BTGO Capital Markets median
Dividend yield — — 2.20%
Payout ratio 0.00 — 0.00

Size

Metric ABTC BTGO Capital Markets median
Market cap 712.02m 936.84m 724.58m

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