Riot Platforms, Inc. (RIOT) vs TeraWulf Inc. (WULF)

Riot Platforms, Inc. and TeraWulf Inc. are both Capital Markets companies. Riot Platforms, Inc. and TeraWulf Inc. are of similar size ($8.9B and $8.3B). Riot Platforms, Inc. grew revenue faster over the last twelve months: 24.5% against 14.7%. Riot Platforms, Inc. has the higher net margin (−196.3% vs −1,179.9%) and the lower return on invested capital (−34.0% vs −9.95%). Across the 18 metrics below, Riot Platforms, Inc. leads on 15 and TeraWulf Inc. on 3.

Valuation

Metric RIOT WULF Capital Markets median
P/E n/m n/m 15.78
P/S 11.86 46.28 2.32
P/B 3.65 51.82 1.89
Price to free cash flow n/m n/m 6.25
EV/EBITDA n/m n/m 8.87
EV/Sales 12.27 61.12 2.28
Earnings yield (16.74%) (27.76%) (3.77%)
Free cash flow yield (9.11%) (31.40%) (1.49%)

Profitability

Metric RIOT WULF Capital Markets median
Gross margin 28.26% 69.26% 62.80%
Operating margin (199.22%) (250.37%) 0.00%
Net margin (196.28%) (1,179.94%) (0.55%)
Free cash flow margin (107.46%) (1,453.34%) 0.00%
Return on equity (48.24%) (1,247.13%) 0.00%
Return on assets (35.08%) (43.71%) 0.00%
Return on invested capital (34.02%) (9.95%) 0.00%

Growth

Metric RIOT WULF Capital Markets median
Revenue growth (TTM) 24.51% 14.65% 21.02%
EPS growth (last fiscal year) (673.53%) (690.48%) —
Revenue growth, 5-year CAGR 121.73% 57.07% 18.16%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric RIOT WULF Capital Markets median
Debt to equity 0.38 35.34 0.08
Current ratio 1.59 0.75 1.51
Net debt to EBITDA (0.87) (24.16) (0.24)

Dividend

Metric RIOT WULF Capital Markets median
Dividend yield — — 2.20%
Payout ratio 0.00 0.00 0.00

Size

Metric RIOT WULF Capital Markets median
Market cap 8.90b 8.25b 724.58m

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