Bitcoin Depot Inc. (BTMCQ) vs IP Strategy Holdings, Inc. (IPST)

Bitcoin Depot Inc. and IP Strategy Holdings, Inc. are both Capital Markets companies. Bitcoin Depot Inc. is the larger, with a market value of $5.6M against $2.2M — 2.5× the size. IP Strategy Holdings, Inc. has negative trailing earnings, so its P/E is not meaningful; Bitcoin Depot Inc. trades at 0.0×. IP Strategy Holdings, Inc. grew revenue faster over the last twelve months: 37.9% against 7.17%. Bitcoin Depot Inc. has the higher net margin (−1.01% vs −1,880.0%) and the higher return on invested capital (0.00% vs −380.3%). Across the 17 metrics below, Bitcoin Depot Inc. leads on 14 and IP Strategy Holdings, Inc. on 3.

Valuation

Metric BTMCQ IPST Capital Markets median
P/E 0.01 n/m 15.78
P/S 0.00 0.17 2.32
P/B 0.01 0.06 1.89
Price to free cash flow 0.00 n/m 6.25
EV/EBITDA n/m n/m 8.87
EV/Sales (0.01) 0.18 2.28
Earnings yield 9,495.50% (10,086.23%) (3.77%)
Free cash flow yield 23,829.04% (1,644.20%) (1.49%)

Profitability

Metric BTMCQ IPST Capital Markets median
Gross margin 18.43% 60.13% 62.80%
Operating margin 6.70% (1,842.58%) 0.00%
Net margin (1.01%) (1,879.98%) (0.55%)
Free cash flow margin 5.54% (279.56%) 0.00%
Return on equity 243.91% (1,258.54%) 0.00%
Return on assets (5.87%) (578.24%) 0.00%
Return on invested capital 0.00% (380.26%) 0.00%

Growth

Metric BTMCQ IPST Capital Markets median
Revenue growth (TTM) 7.17% 37.89% 21.02%
EPS growth (last fiscal year) 80.71% 59.31% —
Revenue growth, 5-year CAGR — — 18.16%
Net income growth, 5-year CAGR — — 0.00%

Health

Metric BTMCQ IPST Capital Markets median
Debt to equity 4.72 0.01 0.08
Current ratio 1.26 0.43 1.51
Net debt to EBITDA (0.24) 0.00 (0.24)

Dividend

Metric BTMCQ IPST Capital Markets median
Dividend yield — — 2.20%
Payout ratio — — 0.00

Size

Metric BTMCQ IPST Capital Markets median
Market cap 5.58m 2.20m 724.58m

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