Hut 8 Corp. (HUT) vs Virtu Financial, Inc. (VIRT)

Hut 8 Corp. and Virtu Financial, Inc. are both Capital Markets companies. Hut 8 Corp. and Virtu Financial, Inc. are of similar size ($9.4B and $8.9B). Hut 8 Corp. has negative trailing earnings, so its P/E is not meaningful; Virtu Financial, Inc. trades at 9.4×. Hut 8 Corp. grew revenue faster over the last twelve months: 129.5% against 20.8%. Virtu Financial, Inc. has the higher net margin (12.7% vs −188.7%) and the higher return on invested capital (0.00% vs −27.5%). Across the 18 metrics below, Virtu Financial, Inc. leads on 14 and Hut 8 Corp. on 4.

Valuation

Metric HUT VIRT Capital Markets median
P/E n/m 9.43 14.20
P/S 25.27 1.22 2.00
P/B 4.58 2.14 1.51
Price to free cash flow n/m 10.39 6.36
EV/EBITDA — — —
EV/Sales — — —
Earnings yield (8.01%) 10.61% (3.94%)
Free cash flow yield (9.90%) 9.62% (1.62%)

Profitability

Metric HUT VIRT Capital Markets median
Gross margin 55.95% 81.77% 62.80%
Operating margin (295.30%) 49.26% 0.00%
Net margin (188.65%) 12.70% (0.55%)
Free cash flow margin (251.08%) 11.73% 0.00%
Return on equity (38.18%) 26.18% 0.00%
Return on assets (10.00%) 2.22% 0.00%
Return on invested capital (27.46%) 0.00% 0.00%

Growth

Metric HUT VIRT Capital Markets median
Revenue growth (TTM) 129.50% 20.76% 20.70%
EPS growth (last fiscal year) (161.67%) 72.73% 22.92%
Revenue growth, 5-year CAGR 30.64% 2.32% 18.16%
Net income growth, 5-year CAGR 0.00% (7.58%) 0.00%

Health

Metric HUT VIRT Capital Markets median
Debt to equity 4.22 0.87 0.08
Current ratio 19.35 0.45 1.50
Net debt to EBITDA (0.74) (1.76) (0.24)

Dividend

Metric HUT VIRT Capital Markets median
Dividend yield — 1.69% 1.36%
Payout ratio — 0.16 0.19

Size

Metric HUT VIRT Capital Markets median
Market cap 9.38b 8.91b 565.91m

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