Hut 8 Corp. (HUT) vs StoneX Group Inc. (SNEX)

Hut 8 Corp. and StoneX Group Inc. are both Capital Markets companies. Hut 8 Corp. is the larger, with a market value of $9.4B against $7.2B — 1.3× the size. Hut 8 Corp. has negative trailing earnings, so its P/E is not meaningful; StoneX Group Inc. trades at 12.8×. Hut 8 Corp. grew revenue faster over the last twelve months: 129.5% against 20.6%. StoneX Group Inc. has the higher net margin (0.32% vs −188.7%) and the higher return on invested capital (0.00% vs −27.5%). Across the 18 metrics below, StoneX Group Inc. leads on 14 and Hut 8 Corp. on 4.

Valuation

Metric HUT SNEX Capital Markets median
P/E n/m 12.79 14.20
P/S 25.27 0.04 2.00
P/B 4.58 2.33 1.51
Price to free cash flow n/m 1.75 6.36
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (8.01%) 7.82% (3.94%)
Free cash flow yield (9.90%) 57.13% (1.62%)

Profitability

Metric HUT SNEX Capital Markets median
Gross margin 55.95% 3.03% 62.80%
Operating margin (295.30%) 1.70% 0.00%
Net margin (188.65%) 0.32% (0.55%)
Free cash flow margin (251.08%) 2.40% 0.00%
Return on equity (38.18%) 21.15% 0.00%
Return on assets (10.00%) 1.16% 0.00%
Return on invested capital (27.46%) 0.00% 0.00%

Growth

Metric HUT SNEX Capital Markets median
Revenue growth (TTM) 129.50% 20.58% 20.70%
EPS growth (last fiscal year) (161.67%) 10.99% 22.92%
Revenue growth, 5-year CAGR 30.64% 19.58% 18.16%
Net income growth, 5-year CAGR 0.00% 12.28% 0.00%

Health

Metric HUT SNEX Capital Markets median
Debt to equity 4.22 1.45 0.08
Current ratio 19.35 1.82 1.50
Net debt to EBITDA (0.74) (7.72) (0.24)

Dividend

Metric HUT SNEX Capital Markets median
Dividend yield — — 1.36%
Payout ratio — — 0.19

Size

Metric HUT SNEX Capital Markets median
Market cap 9.38b 7.23b 565.91m

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