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 $52.3B against $9.7B — 5.4× the size. Coinbase Global, Inc. has negative trailing earnings, so its P/E is not meaningful; FactSet Research Systems Inc. trades at 17.9×. FactSet Research Systems Inc. grew revenue faster over the last twelve months: 6.62% against −10.4%. FactSet Research Systems Inc. has the higher net margin (23.2% vs −15.7%) and the higher return on invested capital (14.5% vs 2.62%). Across the 21 metrics below, FactSet Research Systems Inc. leads on 17 and Coinbase Global, Inc. on 4.

Valuation

Metric COIN FDS Financial Data & Stock Exchanges median
P/E n/m 17.90 21.77
P/S 8.18 4.05 7.79
P/B 3.93 4.85 3.85
Price to free cash flow 47.08 13.93 18.75
EV/EBITDA 60.84 11.78 15.55
EV/Sales 8.45 4.49 6.94
Earnings yield (1.89%) 5.59% 4.49%
Free cash flow yield 2.12% 7.18% 4.68%

Profitability

Metric COIN FDS Financial Data & Stock Exchanges median
Gross margin 86.35% 51.38% 70.90%
Operating margin 9.86% 29.55% 29.55%
Net margin (15.72%) 23.21% 23.21%
Free cash flow margin 22.97% 29.05% 29.05%
Return on equity (7.85%) 27.03% 15.34%
Return on assets (3.96%) 13.27% 6.82%
Return on invested capital 2.62% 14.45% 9.96%

Growth

Metric COIN FDS Financial Data & Stock Exchanges median
Revenue growth (TTM) (10.35%) 6.62% 9.16%
EPS growth (last fiscal year) (53.06%) 11.79% —
Revenue growth, 5-year CAGR (1.74%) 9.22% 7.76%
Net income growth, 5-year CAGR (19.04%) 9.87% 9.78%

Health

Metric COIN FDS Financial Data & Stock Exchanges median
Debt to equity 0.82 0.68 0.48
Current ratio 2.42 0.68 1.06
Net debt to EBITDA 0.66 1.08 1.08

Dividend

Metric COIN FDS Financial Data & Stock Exchanges median
Dividend yield — 0.86% 1.16%
Payout ratio 0.00 0.31 0.42

Size

Metric COIN FDS Financial Data & Stock Exchanges median
Market cap 52.33b 9.65b 27.94b

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