COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
WAL
Western Alliance Bancorporation
WAL's fundamentals are mixed: revenue grew 18%, but its operating margin fell 1 points to 31%. At 8.2x earnings, it's trading below its usual 9.4x. Analysts expect earnings growth, though they disagree widely on how much.
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.
WAL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
WAL's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like WAL.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
WAL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.2x | $65.13 | -12% |
| Forward | 7.2x | $74.39 | — |
| Current | 8.2x | $74.39 | — |
| Fair | 9.4x | $84.88 | +14% |
| Expensive | 13x | $118 | +58% |
Historical ranges are pointers, not guarantees.
WAL's PE is in its cheap range at 8.2x. If earnings grow as analysts expect, today's price would be 7.2x 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.
WAL Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
WAL 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.
WAL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.33 | +14% |
| Q3 2026 | $9.05 | +12% |
| Q2 2026 | $8.88 | +17% |
| Q1 2026 | $8.59 | +18% |
| Q4 2025 | $8.73 | +23% |
| Q3 2025 | $8.08 | +25% |
| Q2 2025 | $7.60 | +14% |
| Q1 2025 | $7.28 | +6.1% |
| Q4 2024 | $7.09 | +8.4% |
WAL 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.
WAL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1B | +8.1% |
| Q2 2026 | $995.7M | +18% |
| Q1 2026 | $1B | +31% |
| Q4 2025 | $980.9M | +17% |
| Q3 2025 | $938.2M | +14% |
| Q2 2025 | $845.9M | +9.6% |
| Q1 2025 | $778M | +6.8% |
| Q4 2024 | $838.4M | +23% |
WAL has the edge over COIN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 33% | 0 points |
| Q2 2026 | 33% | -1.1 points |
| Q1 2026 | 23% | -9 points |
| Q4 2025 | 36% | +5.3 points |
| Q3 2025 | 33% | +2.8 points |
| Q2 2025 | 34% | +2.3 points |
| Q1 2025 | 32% | -0.1 points |
| Q4 2024 | 31% | 0 points |
WAL 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 has the edge over WAL on cash generation, producing positive trailing cash flow while its opponent burns cash.
WAL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $769.9M | +$1.4B |
| Q2 2026 | -$356.1M | +$1.6M |
| Q1 2026 | -$507.2M | +$1.1B |
| Q4 2025 | -$69.8M | +$551.9M |
| Q3 2025 | -$597.4M | +$470.6M |
| Q2 2025 | -$357.7M | +$388.1M |
| Q1 2025 | -$1.7B | -$1.3B |
| Q4 2024 | -$621.7M | -282% |
WAL's free cash flow was −$163M over the past year, against −$3.2B the year before. Free cash flow isn't a meaningful measure for financial services companies like WAL.
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 |
WAL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -200K shares |
| 1 year | -1.8% | -2M shares |
| 3 years | -0.6% | -700K shares |
| 5 years | +3.8% | +3.9M shares |
| Available history | +4.5% | +4.7M shares |
WAL has the edge over COIN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $93.1M |
| Q2 2026 | $2.3M |
| Q1 2026 | $50.3M |
| Q4 2025 | $57.5M |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | — |
| Q1 2021 | — |
WAL spent $203M buying back its own shares over the past year.
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 WAL on leverage, with a lower net debt burden relative to earnings.
WAL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.8x | Elevated |
| Q2 2026 | 4.3x | High |
| Q1 2026 | 3.9x | Elevated |
| Q4 2025 | 3.6x | Elevated |
| Q3 2025 | 2.8x | Moderate |
| Q2 2025 | 4.9x | High |
| Q1 2025 | 3.4x | Elevated |
| Q4 2024 | 4.8x | High |
WAL's net debt is about 3.8 years of its operating earnings (EBITDA), up from 2.8 years a year ago. Net leverage isn't a meaningful measure for financial services companies like WAL.
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).
WAL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.8 | Neutral |
| Stochastic | 30.1 | Neutral |
WAL's weekly RSI is 41 (neutral) and its Stochastic is 30 (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.
WAL PE vs Financial Services Sector
| Metric | WAL | Sector median | Relative |
|---|---|---|---|
| PE | 8.2x | 13x | 37% below |
| PE % | 26 | 63 | 37 pts below |
WAL is trading at 8.2x earnings, a 37% 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.
WAL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $75.6 | 1.7% below |
| 20 week MA | $78.7 | 5.5% below |
| 50 week MA | $80.5 | 7.6% below |
| 100 week MA | $80.3 | 7.4% below |
| 200 week MA | $70.1 | 6.2% above |
WAL 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.
WAL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $57.0 | $59.9 | +5.1% |
| 2021 | $59.9 | $105.7 | +76% |
| 2022 | $105.7 | $58.1 | -45% |
| 2023 | $58.1 | $65.8 | +13% |
| 2024 | $65.8 | $83.7 | +27% |
| 2025 | $83.7 | $86.6 | +3.4% |
| 2026 YTD | $86.6 | $74.4 | -14% |
WAL has the edge over COIN on returns for 2026, with the stronger performance.