BitGo Holdings, Inc. (BTGO) vs UP Fintech Holding Limited (TIGR)

BitGo Holdings, Inc. and UP Fintech Holding Limited are both Capital Markets companies. BitGo Holdings, Inc. and UP Fintech Holding Limited are of similar size ($762.9M and $747.1M). BitGo Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; UP Fintech Holding Limited trades at 6.4×. UP Fintech Holding Limited has the higher net margin (16.2% vs −0.55%) and the higher return on invested capital (0.00% vs 0.00%). Across the 13 metrics below, UP Fintech Holding Limited leads on 11 and BitGo Holdings, Inc. on 2.

Valuation

Metric BTGO TIGR Capital Markets median
P/E n/m 6.43 14.20
P/S 0.04 1.05 2.00
P/B n/m 0.82 1.51
Price to free cash flow n/m 0.32 6.36
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (14.74%) 15.56% (3.94%)
Free cash flow yield (9.48%) 313.23% (1.62%)

Profitability

Metric BTGO TIGR Capital Markets median
Gross margin 37.64% 96.86% 62.80%
Operating margin 36.69% 43.97% 0.00%
Net margin (0.55%) 16.22% (0.55%)
Free cash flow margin (0.39%) 0.00% 0.00%
Return on equity 0.00% 13.60% 0.00%
Return on assets (3.02%) 1.22% 0.00%
Return on invested capital 0.00% 0.00% 0.00%

Growth

Metric BTGO TIGR Capital Markets median
Revenue growth (TTM) — 41.40% 20.70%
EPS growth (last fiscal year) (114.62%) 158.33% 22.92%
Revenue growth, 5-year CAGR — 34.61% 18.16%
Net income growth, 5-year CAGR — 60.46% 0.00%

Health

Metric BTGO TIGR Capital Markets median
Debt to equity 1.75 0.06 0.08
Current ratio 1.07 1.10 1.50
Net debt to EBITDA (329.19) (14.46) (0.24)

Dividend

Metric BTGO TIGR Capital Markets median
Dividend yield — — 1.36%
Payout ratio — — 0.19

Size

Metric BTGO TIGR Capital Markets median
Market cap 762.87m 747.10m 565.91m

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