CME Group Inc. (CME) vs Coinbase Global, Inc. (COIN)

CME Group Inc. and Coinbase Global, Inc. are both Financial Data & Stock Exchanges companies. CME Group Inc. is the larger, with a market value of $96.5B against $52.3B — 1.8× the size. Coinbase Global, Inc. has negative trailing earnings, so its P/E is not meaningful; CME Group Inc. trades at 22.3×. CME Group Inc. grew revenue faster over the last twelve months: 5.10% against −10.4%. CME Group Inc. has the higher net margin (63.1% vs −15.7%) and the higher return on invested capital (9.96% vs 2.62%). Across the 21 metrics below, CME Group Inc. leads on 18 and Coinbase Global, Inc. on 3.

Valuation

Metric CME COIN Financial Data & Stock Exchanges median
P/E 22.28 n/m 21.77
P/S 14.10 8.18 7.79
P/B 3.60 3.93 3.85
Price to free cash flow 22.67 47.08 18.75
EV/EBITDA 20.38 60.84 15.55
EV/Sales 14.27 8.45 6.94
Earnings yield 4.49% (1.89%) 4.49%
Free cash flow yield 4.41% 2.12% 4.68%

Profitability

Metric CME COIN Financial Data & Stock Exchanges median
Gross margin 100.00% 86.35% 70.90%
Operating margin 65.10% 9.86% 29.55%
Net margin 63.11% (15.72%) 23.21%
Free cash flow margin 62.20% 22.97% 29.05%
Return on equity 15.76% (7.85%) 15.34%
Return on assets 2.28% (3.96%) 6.82%
Return on invested capital 9.96% 2.62% 9.96%

Growth

Metric CME COIN Financial Data & Stock Exchanges median
Revenue growth (TTM) 5.10% (10.35%) 9.16%
EPS growth (last fiscal year) 15.41% (53.06%) —
Revenue growth, 5-year CAGR 5.95% (1.74%) 7.76%
Net income growth, 5-year CAGR 13.82% (19.04%) 9.78%

Health

Metric CME COIN Financial Data & Stock Exchanges median
Debt to equity 0.13 0.82 0.48
Current ratio 1.02 2.42 1.06
Net debt to EBITDA (0.25) 0.66 1.08

Dividend

Metric CME COIN Financial Data & Stock Exchanges median
Dividend yield 4.58% — 1.16%
Payout ratio 1.06 0.00 0.42

Size

Metric CME COIN Financial Data & Stock Exchanges median
Market cap 96.48b 52.33b 27.94b

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