BFC
Bank First Corporation
BFC's fundamentals are mixed, but it looks expensive: trading at 19x earnings, above its usual 15x. Analysts expect strong earnings growth.
COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
BFC Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
BFC's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like BFC.
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.
BFC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $95.95 | -36% |
| Forward | 13x | $150 | — |
| Fair | 15x | $119 | -21% |
| Expensive | 18x | $146 | -3% |
| Current | 19x | $150 | — |
Historical ranges are pointers, not guarantees.
BFC's PE is in its expensive range at 19x. If earnings grow as analysts expect, today's price would be 13x next year's earnings, in its cheap range.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
BFC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for BFC, but weaker profitability.
COIN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect COIN's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
BFC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $11.60 | +45% |
| Q3 2026 | $8.01 | +13% |
| Q2 2026 | $7.69 | +11% |
| Q1 2026 | $7.19 | +5.6% |
| Q4 2025 | $7.23 | +11% |
| Q3 2025 | $7.11 | -13% |
| Q2 2025 | $6.93 | -13% |
| Q1 2025 | $6.81 | -12% |
| Q4 2024 | $6.50 | -11% |
BFC 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.
BFC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $65.3M | +48% |
| Q2 2026 | $65M | +56% |
| Q1 2026 | $63.7M | +48% |
| Q4 2025 | $44.9M | +12% |
| Q3 2025 | $44.2M | +8.4% |
| Q2 2025 | $41.6M | +7% |
| Q1 2025 | $43.1M | +14% |
| Q4 2024 | $40.1M | -47% |
BFC has the edge over COIN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 46% | -5.1 points |
| Q2 2026 | 47% | -2.5 points |
| Q1 2026 | 39% | -13 points |
| Q4 2025 | 51% | -3.4 points |
| Q3 2025 | 51% | +0.1 points |
| Q2 2025 | 50% | -1.3 points |
| Q1 2025 | 51% | +5.7 points |
| Q4 2024 | 54% | -6.7 points |
BFC 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.
BFC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $26M | +109% |
| Q2 2026 | $20.7M | +151% |
| Q1 2026 | -$16.9M | -521% |
| Q4 2025 | $26.3M | -4% |
| Q3 2025 | $12.5M | -26% |
| Q2 2025 | $8.2M | -40% |
| Q1 2025 | $4M | +628% |
| Q4 2024 | $27.4M | +51% |
BFC's free cash flow was $56M over the past year, up 7.7% from the year before. Free cash flow isn't a meaningful measure for financial services companies like BFC.
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.
BFC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -62.8K shares |
| 1 year | +13% | +1.2M shares |
| 3 years | +6.8% | +700K shares |
| 5 years | +45% | +3.4M shares |
| Available history | +60% | +4.2M shares |
BFC has 11M diluted shares, up 13% from a year ago, despite $24M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $412,000 |
| Q2 2026 | $20.4M |
| Q1 2026 | $3.1M |
| Q4 2025 | $1,000 |
| Q3 2025 | — |
| Q2 2025 | $15.7M |
| Q1 2025 | $6.4M |
| Q4 2024 | — |
BFC spent $24M buying back its own shares over the past year, up 8.2% from the year before.
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 BFC 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 |
BFC Net Leverage
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.
BFC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.3 | Neutral |
| Stochastic | 68.5 | Neutral |
BFC's weekly RSI is 53 (neutral) and its Stochastic is 68 (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).
BFC PE vs Financial Services Sector
| Metric | BFC | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 13x | 44% above |
| PE % | 89 | 63 | 26 pts above |
BFC is trading at 19x earnings, a 44% 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.
BFC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $149.0 | 0.7% above |
| 20 week MA | $151.1 | 0.7% below |
| 50 week MA | $143.2 | 4.8% above |
| 100 week MA | $128.5 | 17% above |
| 200 week MA | $106.1 | 41% above |
BFC 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.
BFC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $69.3 | $68.1 | -1.7% |
| 2021 | $68.1 | $70.5 | +3.5% |
| 2022 | $70.5 | $93.0 | +32% |
| 2023 | $93.0 | $86.7 | -6.8% |
| 2024 | $86.7 | $98.7 | +14% |
| 2025 | $98.7 | $126.9 | +29% |
| 2026 YTD | $126.9 | $150.0 | +18% |
BFC 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.