ARCC
Ares Capital Corporation
ARCC's fundamentals are mixed, but it looks expensive: trading at 16x earnings, above its usual 9.9x. Analysts expect earnings to hold roughly steady.
COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
ARCC Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Healthy | |
| N/A | |
| N/A |
ARCC's profitability is currently healthy, but its revenue is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like ARCC.
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.
ARCC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.2x | $7.54 | -61% |
| Fair | 9.8x | $11.94 | -38% |
| Forward | 9.9x | $19.11 | — |
| Expensive | 15x | $17.95 | -6.1% |
| Current | 16x | $19.11 | — |
Historical ranges are pointers, not guarantees.
ARCC's PE is in its expensive range at 16x. On analysts' estimates for next year's earnings, today's price would be 9.9x, in its fair range.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
ARCC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Stable | |
| Stable | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect ARCC's profitability to weaken, with its earnings and revenue holding steady.
COIN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Moderate | |
| Low |
COIN has the edge over ARCC on the outlook, with more favorable earnings and profitability expectations.
ARCC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.92 | +58% |
| Q3 2026 | $1.22 | -39% |
| Q2 2026 | $1.35 | -34% |
| Q1 2026 | $1.63 | -20% |
| Q4 2025 | $1.86 | -24% |
| Q3 2025 | $1.99 | -24% |
| Q2 2025 | $2.04 | -29% |
| Q1 2025 | $2.04 | -30% |
| Q4 2024 | $2.44 | -9% |
ARCC 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.
ARCC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2022 | $230M | -61% |
| Q1 2022 | $375M | -27% |
| Q4 2021 | $505M | +6.1% |
| Q3 2021 | $444M | -17% |
| Q2 2021 | $585M | +59% |
| Q4 2020 | $476M | +61% |
COIN has the stronger quarterly revenue trend. Revenue is down 61% for ARCC versus down 35% for COIN.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2022 | 53% | -31 points |
| Q1 2022 | 60% | -14 points |
| Q4 2021 | 77% | -3.6 points |
| Q3 2021 | 76% | -7.3 points |
| Q2 2021 | 84% | +7 points |
| Q1 2021 | 73% | N/A |
| Q4 2020 | 81% | +11 points |
| Q3 2020 | 84% | N/A |
ARCC's operating margin was 53% last quarter, down 31 points from the same quarter a year ago, near the bottom of its range since 2019.
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.
ARCC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.1B | +$1.8B |
| Q2 2026 | $336M | +$554M |
| Q1 2026 | $184M | +$483M |
| Q4 2025 | -$427M | -$159M |
| Q3 2025 | -$773M | -$252M |
| Q2 2025 | -$218M | +$1.1B |
| Q1 2025 | -$299M | -$278M |
| Q4 2024 | -$268M | +$91M |
ARCC 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.
ARCC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +2M shares |
| 1 year | +1.6% | +11M shares |
| 3 years | +24% | +138M shares |
| 5 years | +59% | +267M shares |
| Available history | +68% | +291M shares |
ARCC has 720M diluted shares, up 1.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
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 ARCC 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 |
ARCC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 10.9x | High |
| Q1 2022 | 6.9x | High |
| Q4 2021 | 6.8x | High |
| Q3 2021 | 5.6x | High |
| Q2 2021 | 5.3x | High |
| Q1 2021 | 5.2x | High |
| Q4 2020 | 16.6x | High |
| Q3 2020 | 23.1x | High |
ARCC's net debt is about 11 years of its operating earnings (EBITDA), up from 5.3 years a year ago. Net leverage isn't a meaningful measure for financial services companies like ARCC.
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 more cash than debt. Net leverage isn't a meaningful measure for financial services companies like COIN.
ARCC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.4 | Neutral |
| Stochastic | 42.5 | Neutral |
ARCC's weekly RSI is 49 (neutral) and its Stochastic is 42 (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).
ARCC PE vs Financial Services Sector
| Metric | ARCC | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 13x | 20% above |
| PE % | 87 | 63 | 24 pts above |
ARCC is trading at 16x earnings, a 20% premium 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.
ARCC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.9 | 1% above |
| 20 week MA | $19.2 | 0.6% below |
| 50 week MA | $19.2 | 0.5% below |
| 100 week MA | $20.5 | 6.6% below |
| 200 week MA | $20.2 | 5.4% below |
ARCC 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.
ARCC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $18.6 | $16.4 | -12% |
| 2021 | $16.4 | $20.7 | +26% |
| 2022 | $20.7 | $18.7 | -9.6% |
| 2023 | $18.7 | $20.0 | +7.2% |
| 2024 | $20.0 | $22.0 | +9.9% |
| 2025 | $22.0 | $20.2 | -8.3% |
| 2026 YTD | $20.2 | $19.1 | -5.4% |
ARCC 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.