BitGo Holdings, Inc. (BTGO) vs Gemini Space Station, Inc. (GEMI)

BitGo Holdings, Inc. and Gemini Space Station, Inc. are both Capital Markets companies. BitGo Holdings, Inc. is the larger, with a market value of $936.8M against $737.1M — 1.3× the size. BitGo Holdings, Inc. has the higher net margin (−0.55% vs −250.1%) and the higher return on invested capital (0.00% vs −38.4%). Across the 15 metrics below, BitGo Holdings, Inc. leads on 10 and Gemini Space Station, Inc. on 5.

Valuation

Metric BTGO GEMI Capital Markets median
P/E n/m n/m 15.78
P/S 0.05 3.25 2.32
P/B n/m 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 (0.19) 4.16 2.28
Earnings yield (11.55%) (175.27%) (3.77%)
Free cash flow yield (7.43%) (46.58%) (1.49%)

Profitability

Metric BTGO GEMI Capital Markets median
Gross margin 37.64% 100.00% 62.80%
Operating margin 36.69% (195.12%) 0.00%
Net margin (0.55%) (250.13%) (0.55%)
Free cash flow margin (0.39%) (151.39%) 0.00%
Return on equity 0.00% 316.18% 0.00%
Return on assets (3.02%) (68.82%) 0.00%
Return on invested capital 0.00% (38.35%) 0.00%

Growth

Metric BTGO GEMI Capital Markets median
Revenue growth (TTM) — — 21.02%
EPS growth (last fiscal year) (114.62%) 51.86% —
Revenue growth, 5-year CAGR — — 18.16%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric BTGO GEMI Capital Markets median
Debt to equity 1.75 1.03 0.08
Current ratio 1.07 1.30 1.51
Net debt to EBITDA (329.19) (0.84) (0.24)

Dividend

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

Size

Metric BTGO GEMI Capital Markets median
Market cap 936.84m 737.13m 724.58m

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