Galaxy Digital Inc. (GLXY) vs Stifel Financial Corporation (SF)

Galaxy Digital Inc. and Stifel Financial Corporation are both Capital Markets companies. Galaxy Digital Inc. and Stifel Financial Corporation are of similar size ($10.6B and $9.9B). Galaxy Digital Inc. has negative trailing earnings, so its P/E is not meaningful; Stifel Financial Corporation trades at 11.9×. Stifel Financial Corporation grew revenue faster over the last twelve months: 15.4% against 3.68%. Stifel Financial Corporation has the higher net margin (15.5% vs −0.34%) and the higher return on invested capital (16.0% vs −7.30%). Across the 17 metrics below, Stifel Financial Corporation leads on 13 and Galaxy Digital Inc. on 4.

Valuation

Metric GLXY SF Capital Markets median
P/E n/m 11.86 15.78
P/S 0.08 1.83 2.32
P/B 1.72 2.04 1.89
Price to free cash flow n/m 38.32 6.25
EV/EBITDA n/m 6.77 8.87
EV/Sales 0.09 1.70 2.28
Earnings yield (2.62%) 8.43% (3.77%)
Free cash flow yield (40.35%) 2.61% (1.49%)

Profitability

Metric GLXY SF Capital Markets median
Gross margin 0.40% 98.95% 62.80%
Operating margin (0.53%) 20.60% 0.00%
Net margin (0.34%) 15.48% (0.55%)
Free cash flow margin (3.29%) 4.78% 0.00%
Return on equity (7.22%) 17.90% 0.00%
Return on assets (1.94%) 2.16% 0.00%
Return on invested capital (7.30%) 16.01% 0.00%

Growth

Metric GLXY SF Capital Markets median
Revenue growth (TTM) 3.68% 15.40% 21.02%
EPS growth (last fiscal year) (162.76%) (6.08%) —
Revenue growth, 5-year CAGR — 8.07% 18.16%
Net income growth, 5-year CAGR — 6.30% 0.00%

Health

Metric GLXY SF Capital Markets median
Debt to equity 1.14 0.29 0.08
Current ratio 1.50 0.88 1.51
Net debt to EBITDA 3.17 (1.36) (0.24)

Dividend

Metric GLXY SF Capital Markets median
Dividend yield — 2.20% 2.20%
Payout ratio — 0.26 0.00

Size

Metric GLXY SF Capital Markets median
Market cap 9.90b 10.56b 724.58m

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