Coinbase Global, Inc. (COIN) vs S&P Global Inc. (SPGI)

Coinbase Global, Inc. and S&P Global Inc. are both Financial Data & Stock Exchanges companies. S&P Global Inc. is the larger, with a market value of $125.2B against $48.5B — 2.6× the size. Coinbase Global, Inc. has negative trailing earnings, so its P/E is not meaningful; S&P Global Inc. trades at 26.2×. S&P Global Inc. grew revenue faster over the last twelve months: 9.67% against −10.4%. S&P Global Inc. has the higher net margin (30.5% vs −15.7%) and the higher return on invested capital (10.5% vs 2.62%). Across the 19 metrics below, S&P Global Inc. leads on 12 and Coinbase Global, Inc. on 7.

Valuation

Metric COIN SPGI Financial Data & Stock Exchanges median
P/E n/m 26.19 23.59
P/S 7.26 7.87 6.89
P/B 3.49 4.01 4.00
Price to free cash flow 41.79 22.75 19.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (2.13%) 3.82% 4.04%
Free cash flow yield 2.39% 4.39% 4.39%

Profitability

Metric COIN SPGI Financial Data & Stock Exchanges median
Gross margin 86.35% 70.90% 70.90%
Operating margin 9.86% 44.43% 28.27%
Net margin (15.72%) 30.53% 22.52%
Free cash flow margin 22.97% 34.57% 28.57%
Return on equity (7.85%) 15.12% 15.12%
Return on assets (3.96%) 7.98% 6.82%
Return on invested capital 2.62% 10.50% 9.96%

Growth

Metric COIN SPGI Financial Data & Stock Exchanges median
Revenue growth (TTM) (10.35%) 9.67% 9.16%
EPS growth (last fiscal year) (53.06%) 18.70% 15.41%
Revenue growth, 5-year CAGR 41.24% 15.56% 8.62%
Net income growth, 5-year CAGR 31.35% 13.83% 10.27%

Health

Metric COIN SPGI Financial Data & Stock Exchanges median
Debt to equity 0.82 0.48 0.48
Current ratio 2.42 0.95 1.06
Net debt to EBITDA 0.66 1.47 1.19

Dividend

Metric COIN SPGI Financial Data & Stock Exchanges median
Dividend yield — 0.90% 1.28%
Payout ratio — 0.24 0.32

Size

Metric COIN SPGI Financial Data & Stock Exchanges median
Market cap 48.50b 125.23b 32.17b

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