BitMine Immersion Technologies, Inc. (BMNR) vs Circle Internet Group, Inc. (CRCL)

BitMine Immersion Technologies, Inc. and Circle Internet Group, Inc. are both Capital Markets companies. Circle Internet Group, Inc. is the larger, with a market value of $23.6B against $16.9B — 1.4× the size. BitMine Immersion Technologies, Inc. has negative trailing earnings, so its P/E is not meaningful; Circle Internet Group, Inc. trades at 46.6×. BitMine Immersion Technologies, Inc. grew revenue faster over the last twelve months: 1,022.4% against 37.5%. Circle Internet Group, Inc. has the higher net margin (15.5% vs −14,335.1%) and the higher return on invested capital (0.00% vs −49.7%). Across the 16 metrics below, Circle Internet Group, Inc. leads on 10 and BitMine Immersion Technologies, Inc. on 6.

Valuation

Metric BMNR CRCL Capital Markets median
P/E n/m 46.60 15.78
P/S 248.51 7.60 2.32
P/B 1.31 6.29 1.89
Price to free cash flow n/m 31.80 6.25
EV/EBITDA n/m n/m 8.87
EV/Sales 241.34 (18.47) 2.28
Earnings yield (31.87%) 2.15% (3.77%)
Free cash flow yield (127.65%) 3.14% (1.49%)

Profitability

Metric BMNR CRCL Capital Markets median
Gross margin 84.36% 40.51% 62.80%
Operating margin (14,505.12%) 7.42% 0.00%
Net margin (14,335.08%) 15.53% (0.55%)
Free cash flow margin (31,722.36%) 23.90% 0.00%
Return on equity (151.21%) 15.35% 0.00%
Return on assets (150.74%) 0.64% 0.00%
Return on invested capital (49.71%) 0.00% 0.00%

Growth

Metric BMNR CRCL Capital Markets median
Revenue growth (TTM) 1,022.39% 37.54% 21.02%
EPS growth (last fiscal year) 1,114.09% (120.65%) —
Revenue growth, 5-year CAGR — — 18.16%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric BMNR CRCL Capital Markets median
Debt to equity 0.00 0.00 0.08
Current ratio 36.68 1.03 1.51
Net debt to EBITDA (1.15) 3,906.55 (0.24)

Dividend

Metric BMNR CRCL Capital Markets median
Dividend yield — — 2.20%
Payout ratio — — 0.00

Size

Metric BMNR CRCL Capital Markets median
Market cap 16.91b 23.61b 724.58m

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