Coinbase Global, Inc. (COIN) vs FactSet Research Systems Inc. (FDS)

Coinbase Global, Inc. and FactSet Research Systems Inc. are both Financial Data & Stock Exchanges companies. Coinbase Global, Inc. is the larger, with a market value of $48.5B against $10.7B — 4.5× the size. Coinbase Global, Inc. has negative trailing earnings, so its P/E is not meaningful; FactSet Research Systems Inc. trades at 20.6×. FactSet Research Systems Inc. grew revenue faster over the last twelve months: 6.65% against −10.4%. FactSet Research Systems Inc. has the higher net margin (21.5% vs −15.7%) and the higher return on invested capital (14.1% vs 2.62%). Across the 19 metrics below, FactSet Research Systems Inc. leads on 13 and Coinbase Global, Inc. on 6.

Valuation

Metric COIN FDS Financial Data & Stock Exchanges median
P/E n/m 20.65 23.59
P/S 7.26 4.31 6.89
P/B 3.49 5.26 4.00
Price to free cash flow 41.79 15.10 19.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (2.13%) 4.84% 4.04%
Free cash flow yield 2.39% 6.62% 4.39%

Profitability

Metric COIN FDS Financial Data & Stock Exchanges median
Gross margin 86.35% 50.61% 70.90%
Operating margin 9.86% 28.27% 28.27%
Net margin (15.72%) 21.54% 22.52%
Free cash flow margin 22.97% 28.57% 28.57%
Return on equity (7.85%) 0.00% 15.12%
Return on assets (3.96%) 12.63% 6.82%
Return on invested capital 2.62% 14.08% 9.96%

Growth

Metric COIN FDS Financial Data & Stock Exchanges median
Revenue growth (TTM) (10.35%) 6.65% 9.16%
EPS growth (last fiscal year) (53.06%) (6.29%) 15.41%
Revenue growth, 5-year CAGR 41.24% 9.24% 8.62%
Net income growth, 5-year CAGR 31.35% 5.95% 10.27%

Health

Metric COIN FDS Financial Data & Stock Exchanges median
Debt to equity 0.82 0.68 0.48
Current ratio 2.42 0.60 1.06
Net debt to EBITDA 0.66 1.21 1.19

Dividend

Metric COIN FDS Financial Data & Stock Exchanges median
Dividend yield — 1.50% 1.28%
Payout ratio — 0.31 0.32

Size

Metric COIN FDS Financial Data & Stock Exchanges median
Market cap 48.50b 10.73b 32.17b

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