COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
INDB
Independent Bank Corp.
INDB's fundamentals are strong: revenue grew 31% and its operating margin rose 12 points to 41%. At 12x earnings, it's trading below its usual 15x. 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.
INDB Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
INDB's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like INDB.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
INDB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $67.21 | -20% |
| Forward | 10x | $84.12 | — |
| Current | 12x | $84.12 | — |
| Fair | 15x | $100 | +19% |
| Expensive | 18x | $122 | +44% |
Historical ranges are pointers, not guarantees.
INDB's PE is in its cheap range at 12x. If earnings grow as analysts expect, today's price would be 10x 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.
INDB Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect INDB's earnings to grow and its profitability to improve, with its revenue holding steady.
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.
INDB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.09 | +20% |
| Q3 2026 | $6.74 | +64% |
| Q2 2026 | $5.53 | +25% |
| Q1 2026 | $5.03 | +13% |
| Q4 2025 | $4.44 | -1.8% |
| Q3 2025 | $4.11 | -11% |
| Q2 2025 | $4.43 | -11% |
| Q1 2025 | $4.44 | -14% |
| Q4 2024 | $4.52 | -17% |
INDB 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.
INDB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $261.9M | +7.5% |
| Q2 2026 | $253.3M | +39% |
| Q1 2026 | $252.7M | +42% |
| Q4 2025 | $253.9M | +44% |
| Q3 2025 | $243.7M | +39% |
| Q2 2025 | $181.8M | +6.8% |
| Q1 2025 | $178M | +6.4% |
| Q4 2024 | $176.9M | -0.2% |
INDB has the edge over COIN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 45% | +27 points |
| Q2 2026 | 42% | +6 points |
| Q1 2026 | 41% | +9.2 points |
| Q4 2025 | 37% | +1.8 points |
| Q3 2025 | 18% | -13 points |
| Q2 2025 | 36% | -2.8 points |
| Q1 2025 | 32% | -5.2 points |
| Q4 2024 | 36% | -4.5 points |
INDB 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.
INDB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $99.6M | +100% |
| Q2 2026 | $67M | -35% |
| Q1 2026 | $111.6M | +887% |
| Q4 2025 | $75.5M | +107% |
| Q3 2025 | $49.7M | -23% |
| Q2 2025 | $102.5M | +66% |
| Q1 2025 | $11.3M | -76% |
| Q4 2024 | $36.5M | -23% |
INDB's free cash flow was $354M over the past year, up 77% from the year before. Free cash flow isn't a meaningful measure for financial services companies like INDB.
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 288M diluted shares, down 1.4% from a year ago.
| 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 |
INDB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.7% | -820K shares |
| 1 year | -5.4% | -2.7M shares |
| 3 years | +7% | +3.1M shares |
| 5 years | +43% | +14.2M shares |
| Available history | +37% | +12.8M shares |
INDB has the edge over COIN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $57.4M |
| Q2 2026 | $75M |
| Q1 2026 | $63.3M |
| Q4 2025 | $37.5M |
| Q3 2025 | $23.4M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
INDB spent $233M buying back its own shares over the past year, about 10 times what it spent 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 INDB on leverage, with a lower net debt burden relative to earnings.
INDB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 1.0x | Very low |
| Q1 2026 | 1.4x | Healthy |
| Q4 2025 | 0.4x | Very low |
| Q3 2025 | 1.9x | Healthy |
| Q2 2025 | 1.7x | Healthy |
| Q1 2025 | 2.1x | Moderate |
| Q4 2024 | -0.4x | Net Cash |
INDB's net debt is less than a year of its operating earnings (EBITDA), down from 1.9 years a year ago. Net leverage isn't a meaningful measure for financial services companies like INDB.
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).
INDB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.1 | Neutral |
| Stochastic | 66.4 | Neutral |
INDB's weekly RSI is 56 (neutral) and its Stochastic is 66 (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.
INDB PE vs Financial Services Sector
| Metric | INDB | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 4.1% below |
| PE % | 31 | 63 | 32 pts below |
INDB is trading at 12x earnings, in line with 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.
INDB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $81.6 | 3.1% above |
| 20 week MA | $82.9 | 1.4% above |
| 50 week MA | $80.2 | 4.9% above |
| 100 week MA | $72.9 | 15% above |
| 200 week MA | $65.4 | 29% above |
INDB 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.
INDB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $83.8 | $74.0 | -12% |
| 2021 | $74.0 | $79.8 | +7.9% |
| 2022 | $79.8 | $84.8 | +6.2% |
| 2023 | $84.8 | $65.8 | -22% |
| 2024 | $65.8 | $65.0 | -1.2% |
| 2025 | $65.0 | $75.7 | +16% |
| 2026 YTD | $75.7 | $84.1 | +11% |
INDB has the edge over COIN on returns for 2026, with the stronger performance.