COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
HBNC
Horizon Bancorp, Inc.
HBNC's fundamentals are mixed: revenue grew 38%, while earnings per share more than tripled. At 11x earnings, it's trading in line with its usual 10x. Analysts expect earnings growth.
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.
HBNC Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Strong | |
| N/A | |
| N/A |
HBNC's profitability is currently strong. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like HBNC.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
HBNC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.8x | $13.59 | -36% |
| Forward | 9.6x | $21.19 | — |
| Fair | 10x | $20.01 | -5.6% |
| Current | 11x | $21.19 | — |
| Expensive | 19x | $38.49 | +82% |
Historical ranges are pointers, not guarantees.
HBNC's PE is in its fair range at 11x. If earnings grow as analysts expect, today's price would be 9.6x next year's earnings.
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.
HBNC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
HBNC has the edge over COIN on the outlook, with more favorable revenue expectations.
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% |
HBNC has the stronger earnings trend. Trailing diluted EPS is down 124% for COIN versus HBNC up 326%.
HBNC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.20 | +10% |
| Q2 2025 | $1.17 | +172% |
| Q1 2025 | $1.02 | +89% |
| Q4 2024 | $0.80 | +25% |
| Q3 2024 | $0.47 | -72% |
| Q2 2024 | $0.43 | -77% |
| Q1 2024 | $0.54 | -73% |
| Q4 2023 | $0.64 | -70% |
| Q3 2023 | $1.70 | -21% |
HBNC earned $2.00 per share over the past year, about four times what it earned the year before.
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% |
HBNC has the stronger quarterly revenue trend. Revenue is down 35% for COIN versus up 16% for HBNC.
| 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.
HBNC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $75.5M | +14% |
| Q1 2026 | $73.5M | +6.9% |
| Q4 2025 | $74.9M | +210% |
| Q2 2025 | $66.3M | +19% |
| Q1 2025 | $68.8M | +29% |
| Q4 2024 | $24.2M | +11% |
| Q3 2024 | $58.4M | +8.3% |
| Q2 2024 | $55.8M | -2.4% |
HBNC's revenue has grown year over year for eight quarters in a row: $77M last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 44% | N/A |
| Q2 2026 | 41% | +3.9 points |
| Q1 2026 | 44% | +3.2 points |
| Q4 2025 | 44% | +134 points |
| Q2 2025 | 37% | +8.4 points |
| Q1 2025 | 41% | +12 points |
| Q4 2024 | -91% | -4.5 points |
| Q3 2024 | 31% | -1.4 points |
HBNC 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 |
HBNC has the stronger cash trend. Its trailing FCF is up 52% versus its history, compared with COIN at up 35%.
HBNC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $31.3M | +73% |
| Q1 2026 | $20.7M | +47% |
| Q4 2025 | $32.6M | +$82.8M |
| Q2 2025 | $18.1M | +20% |
| Q1 2025 | $14.1M | +163% |
| Q4 2024 | -$50.2M | -468% |
| Q3 2024 | $31M | +8.1% |
| Q2 2024 | $15.1M | +7.1% |
HBNC's free cash flow was $111M over the past year, about nine times what it generated the year before. Free cash flow isn't a meaningful measure for financial services companies like HBNC.
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 HBNC 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 |
HBNC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +53.7K shares |
| 1 year | +17% | +7.3M shares |
| 3 years | +17% | +7.6M shares |
| 5 years | +16% | +7.2M shares |
| Available history | +14% | +6.3M shares |
HBNC has 51M diluted shares, up 17% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
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 HBNC on leverage, with a lower net debt burden relative to earnings.
HBNC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.5x | Net Cash |
| Q2 2025 | -2.4x | Net Cash |
| Q1 2025 | -3.4x | Net Cash |
| Q4 2024 | 24.9x | High |
| Q3 2024 | -5.7x | Net Cash |
| Q2 2024 | -3.6x | Net Cash |
| Q1 2024 | -6.0x | Net Cash |
| Q4 2023 | 16.6x | High |
HBNC has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like HBNC.
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).
HBNC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 66.5 | Neutral |
| Stochastic | 76.2 | Neutral |
HBNC's weekly RSI is 67 (neutral) and its Stochastic is 76 (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.
HBNC PE vs Financial Services Sector
| Metric | HBNC | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 19% below |
| PE % | 60 | 63 | 3 pts below |
HBNC is trading at 11x earnings, a 19% 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.
HBNC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $20.1 | 5.6% above |
| 20 week MA | $20.0 | 6% above |
| 50 week MA | $18.7 | 14% above |
| 100 week MA | $17.2 | 23% above |
| 200 week MA | $15.0 | 41% above |
HBNC 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.
HBNC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.0 | $15.6 | -18% |
| 2021 | $15.6 | $20.7 | +33% |
| 2022 | $20.7 | $15.2 | -26% |
| 2023 | $15.2 | $14.3 | -6% |
| 2024 | $14.3 | $16.1 | +12% |
| 2025 | $16.1 | $17.5 | +8.5% |
| 2026 YTD | $17.5 | $21.2 | +21% |
HBNC has the edge over COIN on returns for 2026, with the stronger performance.