Circle Internet Group, Inc. (CRCL) vs The Goldman Sachs Group, Inc. (GS)

Circle Internet Group, Inc. and The Goldman Sachs Group, Inc. are both Capital Markets companies. The Goldman Sachs Group, Inc. is the larger, with a market value of $250.6B against $17.7B — 14.1× the size. The Goldman Sachs Group, Inc. trades at the lower P/E: 12.3× against 36.1×. Circle Internet Group, Inc. grew revenue faster over the last twelve months: 25.1% against 18.7%. The Goldman Sachs Group, Inc. has the higher net margin (30.6% vs 15.3%) and the higher return on invested capital (0.00% vs 0.00%). Across the 16 metrics below, The Goldman Sachs Group, Inc. leads on 12 and Circle Internet Group, Inc. on 4.

Valuation

Metric CRCL GS Capital Markets median
P/E 36.13 12.30 14.23
P/S 5.65 3.68 2.10
P/B 4.43 2.33 1.40
Price to free cash flow 25.65 n/m 8.80
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 2.77% 8.13% (8.06%)
Free cash flow yield 3.90% (15.38%) (1.15%)

Profitability

Metric CRCL GS Capital Markets median
Gross margin 44.16% 100.00% 68.15%
Operating margin 11.31% 40.04% 0.00%
Net margin 15.27% 30.57% (0.34%)
Free cash flow margin 22.02% (56.63%) 0.00%
Return on equity 13.44% 19.42% 0.00%
Return on assets 0.60% 1.07% 0.00%
Return on invested capital 0.00% 0.00% 0.00%

Growth

Metric CRCL GS Capital Markets median
Revenue growth (TTM) 25.12% 18.74% 19.72%
EPS growth (last fiscal year) (246.67%) 26.59% 16.79%
Revenue growth, 5-year CAGR — 5.52% 17.41%
Net income growth, 5-year CAGR — 12.83% 0.00%

Health

Metric CRCL GS Capital Markets median
Debt to equity 0.00 2.82 0.07
Current ratio 1.04 1.10 1.51
Net debt to EBITDA 3,906.55 (8.86) (0.03)

Dividend

Metric CRCL GS Capital Markets median
Dividend yield — 2.08% 1.60%
Payout ratio — 0.26 0.19

Size

Metric CRCL GS Capital Markets median
Market cap 17.72b 250.64b 502.20m

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