COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
MAIN
Main Street Capital Corporation
MAIN's fundamentals are mixed: earnings per share grew 20%, but its operating margin fell 6 points to 72%. At 12x earnings, it's trading right at its usual valuation. 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.
MAIN Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| N/A | |
| N/A |
MAIN's profitability is currently strong, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like MAIN.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
MAIN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.3x | $44.46 | -21% |
| Fair | 12x | $56.85 | +1.1% |
| Current | 12x | $56.23 | — |
| Expensive | 15x | $70.68 | +26% |
| Forward | 15x | $56.23 | — |
Historical ranges are pointers, not guarantees.
MAIN's PE is in its fair range at 12x. On analysts' estimates for next year's earnings, today's price would be 15x, in its expensive range.
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.
MAIN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect MAIN'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.
MAIN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.76 | -21% |
| Q3 2026 | $4.78 | +20% |
| Q2 2026 | $4.50 | +12% |
| Q1 2026 | $3.91 | -3.5% |
| Q4 2025 | $3.99 | -2.4% |
| Q3 2025 | $4.00 | -3.1% |
| Q2 2025 | $4.03 | -2.2% |
| Q1 2025 | $4.05 | -2.9% |
| Q4 2024 | $4.09 | -1.2% |
MAIN 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 has the stronger quarterly revenue trend. Revenue is down 35% for COIN versus down 57% for MAIN.
| 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.
MAIN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2022 | $55.5M | -57% |
| Q1 2022 | $97.5M | +20% |
| Q4 2021 | $135.5M | +32% |
| Q3 2021 | $123.7M | +22% |
| Q2 2021 | $129.7M | +129% |
| Q4 2020 | $102.8M | +183% |
MAIN's revenue has held roughly level: $56M last quarter, down 57% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2022 | 45% | -36 points |
| Q1 2022 | 72% | +0.6 points |
| Q4 2021 | 77% | -0.6 points |
| Q3 2021 | 78% | -1 points |
| Q2 2021 | 81% | +17 points |
| Q1 2021 | 72% | N/A |
| Q4 2020 | 78% | +37 points |
| Q3 2020 | 79% | N/A |
MAIN's operating margin was 45% last quarter, down 36 points from the same quarter a year ago, near the bottom of its range since 2019.
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 has the edge over MAIN on cash generation, producing positive trailing cash flow while its opponent burns cash.
MAIN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $71.5M | -21% |
| Q2 2026 | $116.6M | +14% |
| Q1 2026 | -$138.5M | -$118.1M |
| Q4 2025 | -$218.5M | -251% |
| Q3 2025 | $90.6M | +25% |
| Q2 2025 | $102.5M | +$289M |
| Q1 2025 | -$20.4M | +$97.7M |
| Q4 2024 | $145M | -5.6% |
MAIN's free cash flow was −$169M over the past year, against $318M the year before. Free cash flow isn't a meaningful measure for financial services companies like MAIN.
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 MAIN 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 |
MAIN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.5% | +503K shares |
| 1 year | +4.6% | +4.1M shares |
| 3 years | +13% | +10.8M shares |
| 5 years | +36% | +24.7M shares |
| Available history | +47% | +30M shares |
MAIN has 94M diluted shares, up 4.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2022 | — |
| Q1 2022 | — |
| Q4 2021 | $256,000 |
| Q3 2021 | $575,000 |
| Q2 2021 | $4.5M |
| Q1 2021 | $7,000 |
| Q4 2020 | $124,000 |
| Q3 2020 | — |
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.
MAIN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2022 | 6.1x | High |
| Q1 2022 | 4.8x | High |
| Q4 2021 | 4.8x | High |
| Q3 2021 | 4.1x | High |
| Q2 2021 | 4.2x | High |
| Q1 2021 | 4.9x | High |
| Q4 2020 | 71.9x | High |
| Q4 2019 | 8.0x | High |
MAIN's net debt is about 6.1 years of its operating earnings (EBITDA), up from 4.2 years a year ago. Net leverage isn't a meaningful measure for financial services companies like MAIN.
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).
MAIN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.8 | Neutral |
| Stochastic | 52.2 | Neutral |
MAIN's weekly RSI is 53 (neutral) and its Stochastic is 52 (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.
MAIN PE vs Financial Services Sector
| Metric | MAIN | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 9.7% below |
| PE % | 46 | 63 | 17 pts below |
MAIN 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.
MAIN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $55.0 | 2.3% above |
| 20 week MA | $55.6 | 1.1% above |
| 50 week MA | $56.1 | 0.2% above |
| 100 week MA | $57.8 | 2.7% below |
| 200 week MA | $51.3 | 9.7% above |
MAIN 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.
MAIN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $43.4 | $31.1 | -28% |
| 2021 | $31.1 | $44.0 | +41% |
| 2022 | $44.0 | $36.8 | -16% |
| 2023 | $36.8 | $43.2 | +18% |
| 2024 | $43.2 | $57.9 | +34% |
| 2025 | $57.9 | $60.8 | +5% |
| 2026 YTD | $60.8 | $56.2 | -7.5% |
MAIN has the edge over COIN on returns for 2026, with the stronger performance.