Bit Digital, Inc. (BTBT) vs Gemini Space Station, Inc. (GEMI)

Bit Digital, Inc. and Gemini Space Station, Inc. are both Capital Markets companies. Gemini Space Station, Inc. is the larger, with a market value of $737.1M against $645.5M — 1.1× the size. Bit Digital, Inc. has the higher net margin (−237.2% vs −250.1%) and the higher return on invested capital (−19.6% vs −38.4%). Across the 16 metrics below, Gemini Space Station, Inc. leads on 9 and Bit Digital, Inc. on 7.

Valuation

Metric BTBT GEMI Capital Markets median
P/E n/m n/m 15.78
P/S 5.02 3.25 2.32
P/B 1.18 1.43 1.89
Price to free cash flow n/m n/m 6.25
EV/EBITDA n/m n/m 8.87
EV/Sales 7.86 4.16 2.28
Earnings yield (59.66%) (175.27%) (3.77%)
Free cash flow yield (119.00%) (46.58%) (1.49%)

Profitability

Metric BTBT GEMI Capital Markets median
Gross margin 57.64% 100.00% 62.80%
Operating margin (225.29%) (195.12%) 0.00%
Net margin (237.20%) (250.13%) (0.55%)
Free cash flow margin (596.79%) (151.39%) 0.00%
Return on equity (50.79%) 316.18% 0.00%
Return on assets (29.74%) (68.82%) 0.00%
Return on invested capital (19.62%) (38.35%) 0.00%

Growth

Metric BTBT GEMI Capital Markets median
Revenue growth (TTM) 23.59% — 21.02%
EPS growth (last fiscal year) (263.16%) 51.86% —
Revenue growth, 5-year CAGR 40.07% — 18.16%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric BTBT GEMI Capital Markets median
Debt to equity 0.83 1.03 0.08
Current ratio 1.51 1.30 1.51
Net debt to EBITDA 7.85 (0.84) (0.24)

Dividend

Metric BTBT GEMI Capital Markets median
Dividend yield — — 2.20%
Payout ratio 0.00 — 0.00

Size

Metric BTBT GEMI Capital Markets median
Market cap 645.53m 737.13m 724.58m

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