COMP <GO>
COIN vs IREN // ENTERPRISE SCALE & MARKET CAP
Coinbase Global, Inc. (NASDAQ) VS. IREN Limited (NASDAQ) • 15-METRIC TALLY: COIN 7
— IREN 4
▲ ENTERPRISE SCALE & MARKET CAP LEADER: COIN
LAST: $151.50 (+4.16%) • MKT CAP: $40.11B
market-cap
$40.11B
LAST: $21.71 (-11.24%) • MKT CAP: $8.91B
market-cap
$8.91B
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (COIN VS. IREN)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | COIN | IREN | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 1.40% | 1.20% | +0.20 | COIN | /roic <GO> |
| EV/EBITDA & P/E Valuation | 128.8x | 18.3x | +110.54 | IREN | /valuation <GO> |
| Free Cash Flow Yield | 3.51% | -3.08% | +6.59 | COIN | /fcf-yield <GO> |
| Operating Margin | 3.56% | 3.50% | +0.06 | COIN | /operating-margins <GO> |
| Net Profit Margin | -12.46% | 17.40% | -29.86 | IREN | /net-margins <GO> |
| Revenue Growth (YoY) | -26.62% | 167.70% | -194.32 | IREN | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 2.79 | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 3/9 | 8/9 | -5.00 | IREN | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 12.33% | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 40.6 | 30.5 | +10.15 | COIN | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 2.81 | 1.08 | +1.73 | COIN | /macro-sensitivity <GO> |
| Forward P/E Multiple | 64.0x | 102.6x | -38.58 | COIN | /forward-pe <GO> |
| Enterprise Scale & Market Cap ACTIVE | $40.11B | $8.91B | $31.20B | COIN | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | COIN REV | IREN REV | COIN GROSS % | IREN GROSS % | COIN FCF | IREN FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $7.18B | $501.0M | — | 68.3% | $2.43B | -$327.6M |
| FY 2024 | $6.56B | $187.2M | — | 53.5% | $3.10B | -$89.6M |
| FY 2023 | $3.11B | $75.5M | — | — | $673.4M | $2.3M |
| FY 2022 | $3.19B | — | — | — | -$1.59B | — |
| FY 2021 | $7.84B | — | — | — | $4.04B | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
COIN // BETA 2.81
IREN // BETA 1.08