COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
WTM
White Mountains Insurance Group, Ltd.
WTM's fundamentals are strong and it looks cheap: trading at 6.0x earnings, below its usual 8.3x.
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.
WTM Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
WTM's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like WTM.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
WTM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.8x | $1,792 | -20% |
| Current | 6x | $2,247 | — |
| Fair | 8.2x | $3,092 | +38% |
| Expensive | 24x | $9,021 | +302% |
Historical ranges are pointers, not guarantees.
WTM's PE is in its fair range at 6.0x.
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.
WTM Forward outlook
There aren't enough analyst estimates for WTM to show an outlook.
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.
WTM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $375.30 | +593% |
| Q2 2026 | $437.19 | +449% |
| Q1 2026 | $404.36 | +3697% |
| Q4 2025 | $430.14 | +379% |
| Q3 2025 | $54.14 | -79% |
| Q2 2025 | $79.64 | -59% |
| Q1 2025 | $10.65 | -95% |
| Q4 2024 | $89.79 | -55% |
WTM 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 has the edge over WTM on profitability, with a higher operating margin.
WTM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $641.1M | -26% |
| Q2 2026 | $844.6M | +23% |
| Q1 2026 | $517.8M | -10% |
| Q4 2025 | $1.6B | +348% |
| Q3 2025 | $864.2M | +3% |
| Q2 2025 | $689.2M | +74% |
| Q1 2025 | $577.8M | -11% |
| Q4 2024 | $358M | -51% |
WTM has the edge over COIN on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -3.6% | -24 points |
| Q2 2026 | 30% | +4.7 points |
| Q1 2026 | -4.9% | -17 points |
| Q4 2025 | 56% | +90 points |
| Q3 2025 | 21% | -7.8 points |
| Q2 2025 | 26% | +34 points |
| Q1 2025 | 13% | -23 points |
| Q4 2024 | -34% | -78 points |
WTM's operating margin was −3.6% last quarter, down 24 points from the same quarter a year ago.
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 WTM on cash flow, with more consistent year-over-year improvement.
WTM Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $356.6M | -0.8% |
| Q2 2026 | -$55.5M | -131% |
| Q1 2026 | $30.5M | +$70.7M |
| Q4 2025 | $53.9M | -16% |
| Q3 2025 | $359.3M | +33% |
| Q2 2025 | $177.5M | -18% |
| Q1 2025 | -$40.2M | -210% |
| Q4 2024 | $64.1M | +162% |
WTM's free cash flow was $386M over the past year, down 31% from the year before. Free cash flow isn't a meaningful measure for financial services companies like WTM.
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 |
WTM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.2% | -52.5K shares |
| 1 year | -7.4% | -187K shares |
| 3 years | -6.7% | -168K shares |
| 5 years | -23% | -697K shares |
| Available history | -25% | -786K shares |
WTM has the edge over COIN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $190.9M |
| Q1 2026 | $25.9M |
| Q4 2025 | $192.7M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $9.9M |
| Q4 2024 | $200,000 |
WTM spent $410M buying back its own shares over the past year, more than ten 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 WTM on leverage, with a lower net debt burden relative to earnings.
WTM Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.6x | Very low |
| Q4 2025 | 0.5x | Very low |
| Q3 2025 | 1.3x | Healthy |
| Q2 2025 | 1.0x | Very low |
| Q1 2025 | 2.2x | Moderate |
| Q4 2024 | 0.9x | Very low |
WTM's net debt is less than a year of its operating earnings (EBITDA), down from 1.3 years a year ago. Net leverage isn't a meaningful measure for financial services companies like WTM.
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).
WTM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 60.9 | Neutral |
| Stochastic | 75.8 | Neutral |
WTM's weekly RSI is 61 (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.
WTM PE vs Financial Services Sector
| Metric | WTM | Sector median | Relative |
|---|---|---|---|
| PE | 6x | 13x | 54% below |
| PE % | 39 | 63 | 24 pts below |
WTM is trading at 6.0x earnings, a 54% 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.
WTM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2,156.7 | 4.2% above |
| 20 week MA | $2,143.8 | 4.8% above |
| 50 week MA | $2,134.0 | 5.3% above |
| 100 week MA | $1,986.9 | 13% above |
| 200 week MA | $1,803.2 | 25% above |
WTM 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.
WTM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $1,098.0 | $985.8 | -10% |
| 2021 | $985.8 | $1,012.4 | +2.7% |
| 2022 | $1,012.4 | $1,394.8 | +38% |
| 2023 | $1,394.8 | $1,505.0 | +7.9% |
| 2024 | $1,505.0 | $1,918.7 | +27% |
| 2025 | $1,918.7 | $2,062.3 | +7.5% |
| 2026 YTD | $2,062.3 | $2,246.5 | +8.9% |
WTM has the edge over COIN on returns for 2026, with the stronger performance.