Galaxy Digital Inc. (GLXY) vs Hut 8 Corp. (HUT)

Galaxy Digital Inc. and Hut 8 Corp. are both Capital Markets companies. Hut 8 Corp. is the larger, with a market value of $12.7B against $9.9B — 1.3× the size. Hut 8 Corp. grew revenue faster over the last twelve months: 129.5% against 3.68%. Galaxy Digital Inc. has the higher net margin (−0.34% vs −188.7%) and the higher return on invested capital (−7.30% vs −27.5%). Across the 17 metrics below, Galaxy Digital Inc. leads on 11 and Hut 8 Corp. on 6.

Valuation

Metric GLXY HUT Capital Markets median
P/E n/m n/m 15.78
P/S 0.08 36.08 2.32
P/B 1.72 6.54 1.89
Price to free cash flow n/m n/m 6.25
EV/EBITDA n/m n/m 8.87
EV/Sales 0.09 37.28 2.28
Earnings yield (2.62%) (5.61%) (3.77%)
Free cash flow yield (40.35%) (6.94%) (1.49%)

Profitability

Metric GLXY HUT Capital Markets median
Gross margin 0.40% 55.95% 62.80%
Operating margin (0.53%) (295.30%) 0.00%
Net margin (0.34%) (188.65%) (0.55%)
Free cash flow margin (3.29%) (251.08%) 0.00%
Return on equity (7.22%) (38.18%) 0.00%
Return on assets (1.94%) (10.00%) 0.00%
Return on invested capital (7.30%) (27.46%) 0.00%

Growth

Metric GLXY HUT Capital Markets median
Revenue growth (TTM) 3.68% 129.50% 21.02%
EPS growth (last fiscal year) (162.76%) (161.67%) —
Revenue growth, 5-year CAGR — 30.64% 18.16%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric GLXY HUT Capital Markets median
Debt to equity 1.14 4.22 0.08
Current ratio 1.50 19.35 1.51
Net debt to EBITDA 3.17 (0.74) (0.24)

Dividend

Metric GLXY HUT Capital Markets median
Dividend yield — — 2.20%
Payout ratio — 0.00 0.00

Size

Metric GLXY HUT Capital Markets median
Market cap 9.90b 12.72b 724.58m

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