COMP <GO>
COIN vs IBIT // 10Y YIELD & FRED MACRO BETA
Coinbase Global, Inc. (NASDAQ) VS. iShares Bitcoin Trust ETF (NASDAQ) • 15-METRIC TALLY: COIN 1
— IBIT 2
■ METRIC PARITY
LAST: $151.50 (+4.16%) • MKT CAP: $40.11B
macro-sensitivity
2.81
LAST: $43.35 (-0.02%) • MKT CAP: $52.00B
macro-sensitivity
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (COIN VS. IBIT)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | COIN | IBIT | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 1.40% | — | — | TIE | /roic <GO> |
| EV/EBITDA & P/E Valuation | 128.8x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 3.51% | — | — | TIE | /fcf-yield <GO> |
| Operating Margin | 3.56% | — | — | TIE | /operating-margins <GO> |
| Net Profit Margin | -12.46% | — | — | TIE | /net-margins <GO> |
| Revenue Growth (YoY) | -26.62% | — | — | TIE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 1.30% | -1.30 | IBIT | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 2.79 | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 3/9 | — | — | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 12.33% | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 40.6 | 36.6 | +4.05 | COIN | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta ACTIVE | 2.81 | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 64.0x | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $40.11B | $52.00B | -$11.89B | IBIT | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | COIN REV | IBIT REV | COIN GROSS % | IBIT GROSS % | COIN FCF | IBIT FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $7.18B | — | — | — | $2.43B | — |
| FY 2024 | $6.56B | — | — | — | $3.10B | — |
| FY 2023 | $3.11B | — | — | — | $673.4M | — |
| FY 2022 | $3.19B | — | — | — | -$1.59B | — |
| FY 2021 | $7.84B | — | — | — | $4.04B | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
COIN // BETA 2.81
IBIT // BETA —