Coinbase Global, Inc. (COIN) vs MarketWise, Inc. (MKTW)

Coinbase Global, Inc. and MarketWise, Inc. are both Financial Data & Stock Exchanges companies. Coinbase Global, Inc. is the larger, with a market value of $52.3B against $302.1M — 173.2× the size. Coinbase Global, Inc. has negative trailing earnings, so its P/E is not meaningful; MarketWise, Inc. trades at 21.9×. Coinbase Global, Inc. grew revenue faster over the last twelve months: −10.4% against −11.3%. MarketWise, Inc. has the higher net margin (0.70% vs −15.7%) and the lower return on invested capital (0.00% vs 2.62%). Across the 20 metrics below, MarketWise, Inc. leads on 13 and Coinbase Global, Inc. on 7.

Valuation

Metric COIN MKTW Financial Data & Stock Exchanges median
P/E n/m 21.87 21.77
P/S 8.18 0.17 7.79
P/B 3.93 n/m 3.85
Price to free cash flow 47.08 1.24 18.75
EV/EBITDA 60.84 0.87 15.55
EV/Sales 8.45 0.08 6.94
Earnings yield (1.89%) 4.57% 4.49%
Free cash flow yield 2.12% 80.38% 4.68%

Profitability

Metric COIN MKTW Financial Data & Stock Exchanges median
Gross margin 86.35% 86.23% 70.90%
Operating margin 9.86% 8.08% 29.55%
Net margin (15.72%) 0.70% 23.21%
Free cash flow margin 22.97% 13.89% 29.05%
Return on equity (7.85%) (0.90%) 15.34%
Return on assets (3.96%) 1.12% 6.82%
Return on invested capital 2.62% 0.00% 9.96%

Growth

Metric COIN MKTW Financial Data & Stock Exchanges median
Revenue growth (TTM) (10.35%) (11.34%) 9.16%
EPS growth (last fiscal year) (53.06%) (35.83%) —
Revenue growth, 5-year CAGR (1.74%) (2.06%) 7.76%
Net income growth, 5-year CAGR (19.04%) 0.00% 9.78%

Health

Metric COIN MKTW Financial Data & Stock Exchanges median
Debt to equity 0.82 0.00 0.48
Current ratio 2.42 0.35 1.06
Net debt to EBITDA 0.66 (1.08) 1.08

Dividend

Metric COIN MKTW Financial Data & Stock Exchanges median
Dividend yield — 7.93% 1.16%
Payout ratio 0.00 1.00 0.42

Size

Metric COIN MKTW Financial Data & Stock Exchanges median
Market cap 52.33b 302.08m 27.94b

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