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COIN

S&P 500
Weak · 24/100

Coinbase

Financials
Financial Exchanges & Data

$164.84

1.0%

Updated Today 7:15 PM ET

Price — Past Year

▼ Down 44.7% over the last 12 months

Price 50-day average 200-day averageSource: Yahoo Finance · refreshed daily
Key Metrics

Market Cap

$43.01B

P/E

53.84x

Forward P/E (est.)

76.91x

ROE

5.7%

Revenue Growth

-5.8%

EPS Growth

-50.6%

Profit Margin

12.2%

FCF Yield

-1.5%

Debt / Equity

0.52x

ROIC

5.0%

Interest Coverage

17.34x

Current Ratio

2.14x

Dividend Yield

Implied Growth (rev. DCF)

Rating Score

24/100

Technical Analysis (Educational)
Research

Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what COIN's chart says today, with each tool explained.

Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. COIN trades near $164.84, below its 50-day average ($185.20) and 200-day average ($238.12). Price below both averages is a downtrend — momentum is against buyers for now.

Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 34 it is in neutral territory — neither stretched nor washed out.

MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.

Volatility — ATR. Average True Range is the typical daily move. COIN's is $10.86 (~6.6% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.

Support & resistance. Over the last month COIN found buyers near $147.88 (support) and sellers near $195.70 (resistance); its 52-week range is $139.36–$444.65. A decisive break beyond either edge often marks the next move.

Volume. The latest session traded 1.1× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.

Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.

Business Overview
Research

Coinbase (COIN) is a large-cap company in the Financial Exchanges & Data industry, part of the Financials sector of the S&P 500, with a market value around $43.01B.

In its latest reported year it generated about $7.18B in revenue and $1.26B in net profit.

Our model rates COIN Weak (24/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.

Revenue Growth
Research

4Y CAGR

-2.2%

Revenue moved from $7.84B in 2021 to $7.18B in 2025, a -2.2% compound annual growth rate. The most recent year declined 5.8% year over year. Shrinking revenue is worth a closer look — is it cyclical or structural?

Profitability
Research

Gross Margin

86.1%

Operating Margin

20.0%

Net Margin

17.6%

ROE

5.7%

Coinbase keeps about 12.2% of each sales dollar as net profit, with a 86.1% gross margin and 20.0% operating margin. Return on equity is 5.7% and return on invested capital about 5.0%. Margins are moderate — typical of a competitive but profitable business.

Debt Analysis
Research

Total Debt

$7.20B

Net Debt

-$3.01B

Net cash position

Net Debt / EBITDA

-2.09x

Debt / Equity

0.52x

Leverage: debt-to-equity is 0.5x, and operating profit covers interest about 17.3x, with a current ratio of 2.1x. That is a moderate, manageable debt load for most businesses. It carries roughly $7.20B of total debt against $10.21B of cash.

Cash Flow Analysis
Research

Operating CF

$2.43B

Free Cash Flow

$2.43B

FCF Margin

33.8%

In the latest year Coinbase produced about $2.43B of operating cash flow and $2.43B of free cash flow after capital spending. That is a free-cash-flow yield of about -1.5% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.

Valuation Analysis
Research

P/E

53.84x

P/S

6.22x

P/B

3.98x

EV / EBITDA

25.61x

COIN trades at 53.8x trailing earnings (about 76.9x on estimated forward earnings), 6.2x sales, and 4.0x book value. That is a rich multiple that prices in a lot of future growth.

Metrics vs. Typical Range

Where this stock sits versus what most companies trade at.

TTM P/E
53.8xExpensive
Forward P/E
76.9xExpensive
P/S ratio
6.2xExpensive
Revenue growth
-5.8%Weak
EPS growth
-50.6%Weak
Gross margin
86.1%Strong
Net margin
12.2%Strong
ROE
5.7%Weak

Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.

Sector Peer Comparison

How COIN stacks up against its Financials peers — valuation, profitability, and growth versus the sector median.

In the Financials sector (76 S&P 500 companies), COIN ranks #75 of 76 by our overall rating. It trades at a premium versus the sector on earnings (53.8x P/E vs. 15.2x median) with a lower return on equity (5.7% vs. 15.3%) and slower revenue growth (-5.8% vs. 9.1%).

P/E vs sector

53.8x

median 15.2x

ROE vs sector

5.7%

median 15.3%

Growth vs sector

-5.8%

median 9.1%

Sector rank

#75

of 76 by rating

CompanyP/ERev Gr.Rating
COINThis stock53.8x-5.8%Weak· 24
MSCI32.2x10.9%Favorable· 61
NDAQ24.3x6.3%Favorable· 66
CBOE23.3x10.6%Strong· 76
ICE19.1x7.3%Strong· 72
MCO31.6x8.9%Favorable· 62
CME20.7x24.6%Strong· 81
SPGI25.5x8.5%Favorable· 65
Financials median15.2x9.1%65/100

Valuation vs. quality map

sector medianMSCINDAQCBOEICEMCOCMESPGICOINP/E — cheaper ←→ pricierROE — more profitable ↑

The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.

Compare side by side

Peers are the closest Financials companies by sub-industry and size. Sector median is across all 76 S&P 500 names in the sector. Educational, not a recommendation.

5-Year Projection Model

Project revenue → earnings → price. Edit the assumptions to build your own case.

2030 price target (Base Case)

$182.05$307.20

vs. $164.84 today · expected CAGR 2%13%

Metric20262027202820292030
Revenue$7.40B$7.62B$7.85B$8.08B$8.33B
Net income$1.33B$1.37B$1.41B$1.45B$1.50B
EPS$5.05$5.21$5.36$5.52$5.69
Share price (low)$161.74$166.60$171.60$176.74$182.05
Share price (high)$272.94$281.13$289.57$298.25$307.20
CAGR (low–high)-2% / 66%1% / 31%1% / 21%2% / 16%2% / 13%

Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.

Bull Case

The case for COIN:

  • As an established S&P 500 member in Financials, it brings scale and a long operating history.
Bear Case

The case against COIN:

  • Revenue growth is slow/negative (-5.8%), limiting the upside engine.
  • A rich 53.8x earnings multiple prices in a lot of growth.
  • Limited free cash flow at today's price.
  • Our model's overall read is Weak (24/100).
Key Risks
Research

Valuation risk — at 53.8x earnings, disappointing results could compress the multiple.

Growth risk — sluggish revenue (-5.8%) leaves little margin for execution missteps.

Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.

Investment Thesis
Research

On balance, the fundamentals screen weakly: Coinbase is a large-cap financials business with shrinking revenue, with solid profitability, and a sound balance sheet. It trades at 53.8x earnings, which our model scores Weak (24/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.

Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.

Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.