APAM
Artisan Partners Asset Management Inc.
APAM's fundamentals are mixed: revenue grew 8.7%, while its operating margin held steady at 33%. At 8.9x earnings, it's trading below its usual 12x. Analysts expect earnings to decline.
COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
APAM Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
APAM's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like APAM.
COIN Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Under pressure | |
| N/A | |
| N/A |
COIN's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like COIN.
APAM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.9x | $38.02 | -0.2% |
| Current | 8.9x | $38.10 | — |
| Forward | 10x | $38.10 | — |
| Fair | 12x | $50.23 | +32% |
| Expensive | 14x | $58.90 | +55% |
Historical ranges are pointers, not guarantees.
APAM's PE is in its cheap range at 8.9x. Analysts expect earnings to fall, which would put today's price at 10x next year's earnings, in its fair range.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
APAM Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Decline | |
| Stable | |
| Weakening | |
| Limited | |
| High |
Analysts expect APAM's earnings and profitability to decline, with its revenue holding steady.
COIN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Moderate | |
| Low |
COIN has the edge over APAM on the outlook, with more favorable earnings and profitability expectations.
APAM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.68 | -14% |
| Q3 2026 | $4.27 | +16% |
| Q2 2026 | $4.16 | +10% |
| Q1 2026 | $3.99 | +9.6% |
| Q4 2025 | $4.05 | +11% |
| Q3 2025 | $3.68 | +1.7% |
| Q2 2025 | $3.78 | +13% |
| Q1 2025 | $3.64 | +10% |
| Q4 2024 | $3.66 | +15% |
APAM has the edge over COIN on earnings quality, reporting a profit while its opponent remains loss making.
COIN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.36 | — |
| Q3 2026 | -$2.77 | -124% |
| Q2 2026 | -$3.78 | -137% |
| Q1 2026 | $2.72 | -49% |
| Q4 2025 | $4.45 | -53% |
| Q3 2025 | $11.54 | +94% |
| Q2 2025 | $10.32 | +82% |
| Q1 2025 | $5.32 | +4.1% |
| Q4 2024 | $9.48 | +2462% |
COIN has swung to a loss: it lost $2.77 per share over the past year, after a profit the year before.
APAM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $312.5M | +3.7% |
| Q2 2026 | $307.9M | +8.9% |
| Q1 2026 | $303M | +9.3% |
| Q4 2025 | $335.5M | +13% |
| Q3 2025 | $301.3M | +7.8% |
| Q2 2025 | $282.7M | +4.4% |
| Q1 2025 | $277.1M | +4.8% |
| Q4 2024 | $297.1M | +19% |
APAM has the edge over COIN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | +1.3 points |
| Q2 2026 | 27% | -0.7 points |
| Q1 2026 | 31% | -0.1 points |
| Q4 2025 | 39% | +2.5 points |
| Q3 2025 | 34% | +0.5 points |
| Q2 2025 | 28% | -3.8 points |
| Q1 2025 | 31% | +1.8 points |
| Q4 2024 | 37% | +6.1 points |
APAM has the edge over COIN on profitability, with a higher operating margin.
COIN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | -35% |
| Q2 2026 | $1.2B | -19% |
| Q1 2026 | $1.4B | -31% |
| Q4 2025 | $1.8B | -22% |
| Q3 2025 | $1.9B | +55% |
| Q2 2025 | $1.5B | +3.3% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +138% |
COIN's revenue has slid since its 2021 peak: $1.2B last quarter, down 35% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.1% | -21 points |
| Q2 2026 | -9.3% | -7.7 points |
| Q1 2026 | -1.5% | -36 points |
| Q4 2025 | 15% | -30 points |
| Q3 2025 | 26% | +12 points |
| Q2 2025 | -1.6% | -25 points |
| Q1 2025 | 35% | -12 points |
| Q4 2024 | 46% | +33 points |
COIN's operating margin was 5.1% last quarter, down 21 points from the same quarter a year ago.
APAM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $108.4M | +168% |
| Q2 2026 | $115.4M | +127% |
| Q1 2026 | $181.2M | +15% |
| Q4 2025 | -$77.3M | -311% |
| Q3 2025 | $40.4M | -64% |
| Q2 2025 | $50.9M | -32% |
| Q1 2025 | $157.7M | +7.3% |
| Q4 2024 | $36.7M | +$48.2M |
APAM has the edge over COIN on cash flow, with more consistent year-over-year improvement.
COIN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $405.5M | +$1.2B |
| Q2 2026 | $197.3M | -40% |
| Q1 2026 | $182.7M | +$365.5M |
| Q4 2025 | $3.1B | +218% |
| Q3 2025 | -$784.5M | -213% |
| Q2 2025 | $328.5M | -32% |
| Q1 2025 | -$182.7M | -144% |
| Q4 2024 | $964.6M | +$969.8M |
COIN's free cash flow was $3.9B over the past year, more than ten times what it generated the year before. Free cash flow isn't a meaningful measure for financial services companies like COIN.
APAM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | +24.4K shares |
| 1 year | +1.1% | +713K shares |
| 3 years | +4.5% | +2.9M shares |
| 5 years | +18% | +10M shares |
APAM has 66M diluted shares, up 1.1% from a year ago.
COIN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9.3% | +24.6M shares |
| 1 year | -1.4% | -4M shares |
| 3 years | +21% | +50.7M shares |
| 5 years | +15% | +37.4M shares |
| Available history | +330% | +221M shares |
COIN has the edge over APAM on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5.3M |
| Q2 2026 | $181.3M |
| Q1 2026 | $1.1B |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
| Q4 2019 | $10.5M |
APAM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.4x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -0.3x | Net Cash |
| Q4 2025 | -0.2x | Net Cash |
| Q3 2025 | -0.4x | Net Cash |
| Q2 2025 | -0.3x | Net Cash |
| Q1 2025 | -0.2x | Net Cash |
| Q4 2024 | -0.2x | Net Cash |
APAM has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like APAM.
COIN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -4.4x | Net Cash |
| Q2 2026 | -2.5x | Net Cash |
| Q1 2026 | -2.8x | Net Cash |
| Q4 2025 | -2.3x | Net Cash |
| Q3 2025 | -0.6x | Net Cash |
| Q2 2025 | -1.6x | Net Cash |
| Q1 2025 | -1.6x | Net Cash |
| Q4 2024 | -1.8x | Net Cash |
COIN has the edge over APAM on leverage, with a lower net debt burden relative to earnings.
APAM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.1 | Neutral |
| Stochastic | 52.8 | Neutral |
APAM's weekly RSI is 51 (neutral) and its Stochastic is 53 (neutral).
COIN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.3 | Neutral |
| Stochastic | 5.0 | Oversold |
COIN's weekly RSI is 35 (neutral) and its Stochastic is 5 (oversold).
APAM PE vs Financial Services Sector
| Metric | APAM | Sector median | Relative |
|---|---|---|---|
| PE | 8.9x | 13x | 31% below |
| PE % | 17 | 63 | 46 pts below |
APAM is trading at 8.9x earnings, a 31% discount to the Financial Services sector's median of 13x.
COIN PE vs Financial Services Sector
| Metric | COIN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
COIN has no meaningful PE right now: it lost money over the past year.
APAM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $35.5 | 7.3% above |
| 20 week MA | $38.0 | 0.3% above |
| 50 week MA | $38.8 | 1.8% below |
| 100 week MA | $40.8 | 6.6% below |
| 200 week MA | $40.3 | 5.5% below |
APAM has the edge over COIN on trend strength, trading above more of its moving averages.
COIN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $163.0 | 20% below |
| 20 week MA | $165.6 | 21% below |
| 50 week MA | $184.4 | 29% below |
| 100 week MA | $232.8 | 44% below |
| 200 week MA | $190.3 | 31% below |
COIN is in a downtrend: it's below all five of its weekly moving averages, and 31% below its 200-week average.
APAM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.2 | $49.9 | +55% |
| 2021 | $49.9 | $47.0 | -5.9% |
| 2022 | $47.0 | $30.8 | -34% |
| 2023 | $30.8 | $44.2 | +43% |
| 2024 | $44.2 | $44.0 | -0.5% |
| 2025 | $44.0 | $41.8 | -4.9% |
| 2026 YTD | $41.8 | $38.1 | -8.9% |
APAM has the edge over COIN on returns for 2026, with the stronger performance.
COIN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $342.0 | $268.2 | -22% |
| 2022 | $268.2 | $35.5 | -87% |
| 2023 | $35.5 | $173.9 | +390% |
| 2024 | $173.9 | $265.7 | +53% |
| 2025 | $265.7 | $236.9 | -11% |
| 2026 YTD | $236.9 | $130.7 | -45% |
COIN's yearly returns have swung widely, from +390% in 2023 to −87% in 2022. It's down 45% so far in 2026.