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 $36.2B against $12.0B — 3.0× the size. Coinbase Global, Inc. has negative trailing earnings, so its P/E is not meaningful; FactSet Research Systems Inc. trades at 23.2×. FactSet Research Systems Inc. grew revenue faster over the last twelve months: 6.65% against −26.6%. FactSet Research Systems Inc. has the higher net margin (21.5% vs −12.5%) and the higher return on invested capital (14.1% vs 0.77%). 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 23.22 24.85
P/S 6.51 5.00 6.75
P/B 2.63 6.18 4.56
Price to free cash flow 46.46 17.49 20.23
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (1.89%) 4.31% 4.00%
Free cash flow yield 2.15% 5.72% 4.59%

Profitability

Metric COIN FDS Financial Data & Stock Exchanges median
Gross margin 85.81% 50.61% 72.83%
Operating margin 3.56% 28.27% 29.06%
Net margin (12.46%) 21.54% 25.36%
Free cash flow margin 20.25% 28.57% 32.14%
Return on equity (4.68%) 25.47% 17.00%
Return on assets (2.39%) 12.64% 8.22%
Return on invested capital 0.77% 14.08% 10.55%

Growth

Metric COIN FDS Financial Data & Stock Exchanges median
Revenue growth (TTM) (26.62%) 6.65% 10.44%
EPS growth (last fiscal year) (53.06%) (6.30%) 13.54%
Revenue growth, 5-year CAGR 41.24% 9.24% 9.24%
Net income growth, 5-year CAGR 31.35% 5.95% 10.85%

Health

Metric COIN FDS Financial Data & Stock Exchanges median
Debt to equity 0.80 0.68 0.67
Current ratio 2.42 0.60 1.04
Net debt to EBITDA 0.66 1.21 1.20

Dividend

Metric COIN FDS Financial Data & Stock Exchanges median
Dividend yield — 1.33% 1.13%
Payout ratio — 0.31 0.29

Size

Metric COIN FDS Financial Data & Stock Exchanges median
Market cap 36.22b 12.00b 38.07b

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