BGC
BGC Group, Inc
BGC's fundamentals are strong and it looks cheap: trading at 23x earnings, below its usual 36x. Analysts expect earnings growth.
COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
BGC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
BGC'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 BGC.
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.
BGC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7.2x | $11.14 | — |
| Cheap | 22x | $10.67 | -4.2% |
| Current | 23x | $11.14 | — |
| Fair | 36x | $17.43 | +56% |
| Expensive | 68x | $33.15 | +198% |
Historical ranges are pointers, not guarantees.
BGC's PE is in its cheap range at 23x. If earnings grow as analysts expect, today's price would be 7.2x next year's earnings.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
BGC Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
BGC has the edge over COIN on the outlook, with more favorable revenue expectations.
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.
BGC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.54 | +215% |
| Q3 2026 | $0.49 | +53% |
| Q2 2026 | $0.41 | +41% |
| Q1 2026 | $0.37 | +42% |
| Q4 2025 | $0.31 | +24% |
| Q3 2025 | $0.32 | +28% |
| Q2 2025 | $0.29 | +16% |
| Q1 2025 | $0.26 | +117% |
| Q4 2024 | $0.25 | +257% |
BGC 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.
BGC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $832.6M | +13% |
| Q2 2026 | $845.5M | +7.8% |
| Q1 2026 | $955.5M | +44% |
| Q4 2025 | $756.4M | +32% |
| Q3 2025 | $736.8M | +31% |
| Q2 2025 | $784M | +42% |
| Q1 2025 | $664.2M | +15% |
| Q4 2024 | $572.3M | +11% |
BGC has the edge over COIN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +7.2 points |
| Q2 2026 | 12% | +2.1 points |
| Q1 2026 | 12% | 0 points |
| Q4 2025 | 3.3% | -1.5 points |
| Q3 2025 | 4.5% | +1 points |
| Q2 2025 | 9.6% | -0.4 points |
| Q1 2025 | 12% | -0.3 points |
| Q4 2024 | 4.8% | -1.4 points |
BGC 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.
BGC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $205.9M | +50% |
| Q2 2026 | $156.7M | +141% |
| Q1 2026 | $15.4M | +$19.8M |
| Q4 2025 | $175.1M | -29% |
| Q3 2025 | $137.2M | +74% |
| Q2 2025 | $65M | +$128.4M |
| Q1 2025 | -$4.4M | -118% |
| Q4 2024 | $245.6M | +46% |
BGC 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.
BGC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -2.6M shares |
| 1 year | -0.4% | -2.1M shares |
| 3 years | -0.3% | -1.2M shares |
| 5 years | -14% | -80.7M shares |
| Available history | +38% | +132M shares |
BGC has 476M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $121.3M |
| Q2 2026 | $112.4M |
| Q1 2026 | $2.3M |
| Q4 2025 | $68M |
| Q3 2025 | $41.9M |
| Q2 2025 | $148.5M |
| Q1 2025 | $23.1M |
| Q4 2024 | $50M |
BGC spent $304M buying back its own shares over the past year, up 15% 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 BGC 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 |
BGC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.2x | Moderate |
| Q2 2026 | 2.7x | Moderate |
| Q1 2026 | 2.8x | Moderate |
| Q4 2025 | 3.0x | Moderate |
| Q3 2025 | 3.4x | Elevated |
| Q2 2025 | 3.8x | Elevated |
| Q1 2025 | 2.7x | Moderate |
| Q4 2024 | 2.5x | Moderate |
BGC's net debt is about 2.1 years of its operating earnings (EBITDA), down from 3.4 years a year ago. Net leverage isn't a meaningful measure for financial services companies like BGC.
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 BGC on leverage, with a lower net debt burden relative to earnings.
BGC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.8 | Neutral |
| Stochastic | 34.5 | Neutral |
BGC's weekly RSI is 49 (neutral) and its Stochastic is 34 (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).
BGC PE vs Financial Services Sector
| Metric | BGC | Sector median | Relative |
|---|---|---|---|
| PE | 23x | 13x | 75% above |
| PE % | 16 | 63 | 47 pts below |
BGC is trading at 23x earnings, a 75% 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.
BGC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.4 | 2.5% below |
| 20 week MA | $11.5 | 3% below |
| 50 week MA | $10.6 | 4.9% above |
| 100 week MA | $10.0 | 11% above |
| 200 week MA | $8.45 | 32% above |
BGC 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.
BGC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.90 | $4.15 | -30% |
| 2021 | $4.15 | $4.62 | +11% |
| 2022 | $4.62 | $3.83 | -17% |
| 2023 | $3.83 | $7.22 | +89% |
| 2024 | $7.22 | $9.10 | +26% |
| 2025 | $9.10 | $9.09 | -0.1% |
| 2026 YTD | $9.09 | $11.1 | +23% |
BGC 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.