Virtu Financial, Inc. (VIRT) vs TeraWulf Inc. (WULF)

Virtu Financial, Inc. and TeraWulf Inc. are both Capital Markets companies. Virtu Financial, Inc. and TeraWulf Inc. are of similar size ($8.3B and $8.2B). TeraWulf Inc. has negative trailing earnings, so its P/E is not meaningful; Virtu Financial, Inc. trades at 8.9×. Virtu Financial, Inc. grew revenue faster over the last twelve months: 20.8% against 14.7%. Virtu Financial, Inc. has the higher net margin (12.7% vs −1,179.9%) and the higher return on invested capital (0.00% vs −9.95%). Across the 19 metrics below, Virtu Financial, Inc. leads on 15 and TeraWulf Inc. on 4.

Valuation

Metric VIRT WULF Capital Markets median
P/E 8.87 n/m 15.78
P/S 1.15 46.28 2.32
P/B 2.01 51.82 1.89
Price to free cash flow 9.78 n/m 6.25
EV/EBITDA n/m n/m 8.87
EV/Sales (0.01) 61.12 2.28
Earnings yield 11.27% (27.76%) (3.77%)
Free cash flow yield 10.23% (31.40%) (1.49%)

Profitability

Metric VIRT WULF Capital Markets median
Gross margin 81.77% 69.26% 62.80%
Operating margin 49.26% (250.37%) 0.00%
Net margin 12.70% (1,179.94%) (0.55%)
Free cash flow margin 11.73% (1,453.34%) 0.00%
Return on equity 26.18% (1,247.13%) 0.00%
Return on assets 2.22% (43.71%) 0.00%
Return on invested capital 0.00% (9.95%) 0.00%

Growth

Metric VIRT WULF Capital Markets median
Revenue growth (TTM) 20.76% 14.65% 21.02%
EPS growth (last fiscal year) 72.73% (690.48%) —
Revenue growth, 5-year CAGR 2.32% 57.07% 18.16%
Net income growth, 5-year CAGR (7.58%) 0.00% 0.00%

Health

Metric VIRT WULF Capital Markets median
Debt to equity 0.87 35.34 0.08
Current ratio 0.45 0.75 1.51
Net debt to EBITDA (1.76) (24.16) (0.24)

Dividend

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

Size

Metric VIRT WULF Capital Markets median
Market cap 8.17b 8.25b 724.58m

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