COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
FSBW
FS Bancorp, Inc.
FSBW's fundamentals are mixed, but it looks expensive: trading at 11x earnings, above its usual 8.0x. Analysts expect earnings to hold roughly steady.
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.
FSBW Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
FSBW's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like FSBW.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
FSBW PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.9x | $26.31 | -39% |
| Fair | 8x | $30.39 | -30% |
| Expensive | 9.7x | $36.97 | -14% |
| Forward | 10x | $43.21 | — |
| Current | 11x | $43.21 | — |
Historical ranges are pointers, not guarantees.
FSBW's PE is in its expensive range at 11x. On analysts' estimates for next year's earnings, today's price would be 10x.
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.
FSBW Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Stable | |
| Growth | |
| Strongly weakening | |
| Limited | |
| Moderate |
Analysts expect FSBW's revenue to grow, but its profitability to weaken.
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.
FSBW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.30 | +13% |
| Q3 2026 | $3.80 | -6.4% |
| Q2 2026 | $4.35 | +4.3% |
| Q1 2026 | $4.30 | -0.2% |
| Q4 2025 | $4.29 | -1.6% |
| Q3 2025 | $4.06 | -14% |
| Q2 2025 | $4.17 | -8.4% |
| Q1 2025 | $4.31 | -5.9% |
| Q4 2024 | $4.36 | -4.4% |
FSBW has the edge over COIN on earnings quality, reporting a profit while its opponent remains loss making.
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.
FSBW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $41.9M | +6.6% |
| Q2 2026 | $38.8M | +4.1% |
| Q1 2026 | $37.9M | +5.1% |
| Q4 2025 | $40M | +12% |
| Q3 2025 | $39.3M | +5.6% |
| Q2 2025 | $37.3M | +2.8% |
| Q1 2025 | $36.1M | +1.8% |
| Q4 2024 | $35.7M | -0.5% |
FSBW has the edge over COIN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 15% | -15 points |
| Q2 2026 | 26% | -0.3 points |
| Q1 2026 | 26% | -0.1 points |
| Q4 2025 | 26% | -1.8 points |
| Q3 2025 | 30% | +3 points |
| Q2 2025 | 26% | -5.1 points |
| Q1 2025 | 26% | -3.5 points |
| Q4 2024 | 28% | -6.1 points |
FSBW has the edge over COIN on profitability, with a higher operating margin.
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.
FSBW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $31.8M | -24% |
| Q2 2026 | $51.4M | +778% |
| Q1 2026 | $8.4M | +7.8% |
| Q4 2025 | -$3.4M | -108% |
| Q3 2025 | $41.6M | +$42.9M |
| Q2 2025 | $5.9M | -40% |
| Q1 2025 | $7.8M | +$7.9M |
| Q4 2024 | $40.7M | +229% |
FSBW has the edge over COIN on cash flow, with more consistent year-over-year improvement.
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 FSBW 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 |
FSBW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.6% | +194K shares |
| 1 year | +0.7% | +54.3K shares |
| 3 years | -1.3% | -103K shares |
| 5 years | -9.1% | -770K shares |
| Available history | -15% | -1.4M shares |
FSBW has 8M diluted shares, up 0.7% from a year ago, despite $8M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $2M |
| Q2 2026 | $3.6M |
| Q1 2026 | $620,000 |
| Q4 2025 | $1.5M |
| Q3 2025 | $4.9M |
| Q2 2025 | $5.2M |
| Q1 2025 | $3.8M |
| Q4 2024 | — |
FSBW spent $8M buying back its own shares over the past year, down 44% from the year before.
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 FSBW on leverage, with a lower net debt burden relative to earnings.
FSBW Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 8.0x | High |
| Q2 2026 | 6.6x | High |
| Q1 2026 | 3.3x | Elevated |
| Q4 2025 | 5.3x | High |
| Q3 2025 | 2.2x | Moderate |
| Q2 2025 | 5.0x | High |
| Q1 2025 | 1.1x | Healthy |
| Q4 2024 | 12.0x | High |
FSBW's net debt is about 8.0 years of its operating earnings (EBITDA), up from 2.2 years a year ago. Net leverage isn't a meaningful measure for financial services companies like FSBW.
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).
FSBW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.9 | Neutral |
| Stochastic | 50.9 | Neutral |
FSBW's weekly RSI is 51 (neutral) and its Stochastic is 51 (neutral).
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.
FSBW PE vs Financial Services Sector
| Metric | FSBW | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 13% below |
| PE % | 99 | 63 | 36 pts above |
FSBW is trading at 11x earnings, a 13% discount to the Financial Services sector's median of 13x.
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.
FSBW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $44.0 | 1.8% below |
| 20 week MA | $43.6 | 1% below |
| 50 week MA | $42.0 | 2.8% above |
| 100 week MA | $40.8 | 5.8% above |
| 200 week MA | $37.9 | 14% above |
FSBW has the edge over COIN on trend strength, trading above more of its moving averages.
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.
FSBW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $31.5 | $29.0 | -8.1% |
| 2021 | $29.0 | $33.2 | +15% |
| 2022 | $33.2 | $33.1 | -0.4% |
| 2023 | $33.1 | $37.0 | +12% |
| 2024 | $37.0 | $41.0 | +11% |
| 2025 | $41.0 | $42.2 | +2.8% |
| 2026 YTD | $42.2 | $43.2 | +2.5% |
FSBW has the edge over COIN on returns for 2026, with the stronger performance.