Riot Platforms, Inc. (RIOT) vs Virtu Financial, Inc. (VIRT)

Riot Platforms, Inc. and Virtu Financial, Inc. are both Capital Markets companies. Riot Platforms, Inc. and Virtu Financial, Inc. are of similar size ($8.9B and $8.2B). Riot Platforms, Inc. has negative trailing earnings, so its P/E is not meaningful; Virtu Financial, Inc. trades at 8.9×. Riot Platforms, Inc. grew revenue faster over the last twelve months: 24.5% against 20.8%. Virtu Financial, Inc. has the higher net margin (12.7% vs −196.3%) and the higher return on invested capital (0.00% vs −34.0%). Across the 19 metrics below, Virtu Financial, Inc. leads on 14 and Riot Platforms, Inc. on 5.

Valuation

Metric RIOT VIRT Capital Markets median
P/E n/m 8.87 15.78
P/S 11.86 1.15 2.32
P/B 3.65 2.01 1.89
Price to free cash flow n/m 9.78 6.25
EV/EBITDA n/m n/m 8.87
EV/Sales 12.27 (0.01) 2.28
Earnings yield (16.74%) 11.27% (3.77%)
Free cash flow yield (9.11%) 10.23% (1.49%)

Profitability

Metric RIOT VIRT Capital Markets median
Gross margin 28.26% 81.77% 62.80%
Operating margin (199.22%) 49.26% 0.00%
Net margin (196.28%) 12.70% (0.55%)
Free cash flow margin (107.46%) 11.73% 0.00%
Return on equity (48.24%) 26.18% 0.00%
Return on assets (35.08%) 2.22% 0.00%
Return on invested capital (34.02%) 0.00% 0.00%

Growth

Metric RIOT VIRT Capital Markets median
Revenue growth (TTM) 24.51% 20.76% 21.02%
EPS growth (last fiscal year) (673.53%) 72.73% —
Revenue growth, 5-year CAGR 121.73% 2.32% 18.16%
Net income growth, 5-year CAGR 0.00% (7.58%) 0.00%

Health

Metric RIOT VIRT Capital Markets median
Debt to equity 0.38 0.87 0.08
Current ratio 1.59 0.45 1.51
Net debt to EBITDA (0.87) (1.76) (0.24)

Dividend

Metric RIOT VIRT Capital Markets median
Dividend yield — 5.78% 2.20%
Payout ratio 0.00 0.69 0.00

Size

Metric RIOT VIRT Capital Markets median
Market cap 8.90b 8.17b 724.58m

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