COMP <GO>
COIN vs IBKR // GROSS PROFIT MARGIN
Coinbase Global, Inc. (NASDAQ) VS. Interactive Brokers Group Inc. (NASDAQ) • 15-METRIC TALLY: COIN 5
— IBKR 7
■ METRIC PARITY
LAST: $137.83 (-3.98%) • MKT CAP: $38.00B
gross-margins
—
LAST: $74.83 (-2.69%) • MKT CAP: $34.84B
gross-margins
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (COIN VS. IBKR)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | COIN | IBKR | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin ACTIVE | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 1.40% | 0.30% | +1.10 | COIN | /roic <GO> |
| EV/EBITDA & P/E Valuation | 116.4x | 95.0x | +21.39 | IBKR | /valuation <GO> |
| Free Cash Flow Yield | 3.86% | 22.00% | -18.14 | IBKR | /fcf-yield <GO> |
| Operating Margin | 3.56% | 13.90% | -10.34 | IBKR | /operating-margins <GO> |
| Net Profit Margin | -12.46% | 10.90% | -23.36 | IBKR | /net-margins <GO> |
| Revenue Growth (YoY) | -26.62% | 23.40% | -50.02 | IBKR | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.36% | -0.36 | IBKR | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 2.63 | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 3/9 | 7/9 | -4.00 | IBKR | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 13.93% | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 39.4 | 37.9 | +1.50 | COIN | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 2.81 | 0.92 | +1.89 | COIN | /macro-sensitivity <GO> |
| Forward P/E Multiple | 64.0x | 117.3x | -53.28 | COIN | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $38.00B | $34.84B | $3.16B | COIN | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | COIN REV | IBKR REV | COIN GROSS % | IBKR GROSS % | COIN FCF | IBKR FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $7.18B | $2.44B | — | — | $2.43B | $15.70B |
| FY 2024 | $6.56B | $1.98B | — | — | $3.10B | $8.64B |
| FY 2023 | $3.11B | $1.56B | — | — | $673.4M | $4.47B |
| FY 2022 | $3.19B | — | — | — | -$1.59B | — |
| FY 2021 | $7.84B | — | — | — | $4.04B | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
COIN // BETA 2.81
IBKR // BETA 0.92