COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
USB
U.S. Bancorp
USB's fundamentals are mixed: its operating margin rose 2 points to 35%, while earnings per share grew 17%. At 12x earnings, it's trading right at its usual valuation. 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.
USB Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
USB's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like USB.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
USB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 10x | $51.43 | -15% |
| Forward | 11x | $60.47 | — |
| Fair | 12x | $60.09 | -0.6% |
| Current | 12x | $60.47 | — |
| Expensive | 14x | $71.44 | +18% |
Historical ranges are pointers, not guarantees.
USB's PE is in its fair range at 12x. If earnings grow as analysts expect, today's price would be 11x next year's earnings, in its cheap 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.
USB Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Moderate | |
| Moderate |
USB 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% |
COIN has swung to a loss: it lost $2.77 per share over the past year, after a profit the year before.
USB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.70 | +11% |
| Q3 2026 | $5.13 | +17% |
| Q2 2026 | $5.01 | +20% |
| Q1 2026 | $4.77 | +18% |
| Q4 2025 | $4.62 | +22% |
| Q3 2025 | $4.37 | +34% |
| Q2 2025 | $4.18 | +33% |
| Q1 2025 | $4.04 | +34% |
| Q4 2024 | $3.79 | +16% |
USB 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.
USB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $7.9B | +8.9% |
| Q2 2026 | $7.7B | +10% |
| Q1 2026 | $7.3B | +4.8% |
| Q4 2025 | $7.3B | +5.1% |
| Q3 2025 | $7.3B | +6.8% |
| Q2 2025 | $7B | +2% |
| Q1 2025 | $6.9B | +3.6% |
| Q4 2024 | $7B | +3.7% |
USB has the edge over COIN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | +0.6 points |
| Q2 2026 | 35% | +2.5 points |
| Q1 2026 | 33% | +2.2 points |
| Q4 2025 | 35% | +4.3 points |
| Q3 2025 | 35% | +4.4 points |
| Q2 2025 | 33% | +2.8 points |
| Q1 2025 | 31% | +6.1 points |
| Q4 2024 | 30% | +15 points |
USB 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.
USB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.8B | +12% |
| Q2 2026 | $4.8B | +137% |
| Q1 2026 | $1.3B | +$1.6B |
| Q4 2025 | $2.8B | -40% |
| Q3 2025 | $3.4B | +249% |
| Q2 2025 | $2B | -29% |
| Q1 2025 | -$285M | -111% |
| Q4 2024 | $4.8B | +1046% |
USB 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 USB 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 |
USB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +4M shares |
| 1 year | +0.1% | +2M shares |
| 3 years | +0.6% | +10M shares |
| 5 years | +5.1% | +75M shares |
| Available history | -1.5% | -24M shares |
USB has 1.6B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1M |
| Q2 2026 | $201M |
| Q1 2026 | $276M |
| Q4 2025 | $122M |
| Q3 2025 | $101M |
| Q2 2025 | $106M |
| Q1 2025 | $160M |
| Q4 2024 | $122M |
USB spent $600M buying back its own shares over the past year, up 23% 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 USB on leverage, with a lower net debt burden relative to earnings.
USB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.5x | Net Cash |
| Q2 2026 | -2.6x | Net Cash |
| Q1 2026 | -2.9x | Net Cash |
| Q4 2025 | -2.9x | Net Cash |
| Q3 2025 | -5.1x | Net Cash |
| Q2 2025 | -4.5x | Net Cash |
| Q1 2025 | -3.5x | Net Cash |
| Q4 2024 | -4.6x | Net Cash |
USB has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like USB.
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).
USB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.9 | Neutral |
| Stochastic | 39.8 | Neutral |
USB's weekly RSI is 54 (neutral) and its Stochastic is 40 (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.
USB PE vs Financial Services Sector
| Metric | USB | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 9.4% below |
| PE % | 51 | 63 | 12 pts below |
USB 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.
USB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $59.0 | 2.6% above |
| 20 week MA | $61.3 | 1.4% below |
| 50 week MA | $57.6 | 4.9% above |
| 100 week MA | $51.7 | 17% above |
| 200 week MA | $46.1 | 31% above |
USB 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.
USB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $59.7 | $46.5 | -22% |
| 2021 | $46.5 | $56.3 | +21% |
| 2022 | $56.3 | $43.2 | -23% |
| 2023 | $43.2 | $43.3 | +0.2% |
| 2024 | $43.3 | $48.5 | +12% |
| 2025 | $48.5 | $55.0 | +13% |
| 2026 YTD | $55.0 | $60.5 | +10% |
USB has the edge over COIN on returns for 2026, with the stronger performance.