COIN
Coinbase Global, Inc.
Financial - Data & Stock Exchanges
Market Cap$43.08B
5Y Perf.-45.1%
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MSTR
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Stock Comparison
COIN vs MSTR
Revenue, margins, valuation, and 5-year total return — side by side.
MSTR
Strategy Inc
Software - Application
Market Cap$32.51B
5Y Perf.+48.1%
COIN vs MSTR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | COIN | MSTR |
|---|---|---|
| Industry | Financial - Data & Stock Exchanges | Software - Application |
| Market Cap | $43.08B | $32.51B |
| Revenue (TTM) | $5.81B | $490M |
| Net Income (TTM) | $801M | $-12.36B |
| Gross Margin | 75.9% | 68.1% |
| Operating Margin | 0.4% | 94.2% |
| Forward P/E | 254.3x | 2.2x |
| Total Debt | $7.83B | $8.28B |
| Cash & Equiv. | $11.29B | $2.30B |
COIN vs MSTR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
COIN
MSTR
| Stock | Apr 21 | Jul 26 | Return |
|---|---|---|---|
| Coinbase Global, In… (COIN) | 100 | 54.9 | -45.1% |
| Strategy Inc (MSTR) | 100 | 148.1 | +48.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: COIN vs MSTR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: COIN leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Strategy Inc is the stronger pick specifically for valuation and capital efficiency and capital preservation and lower volatility. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
🥇COIN emerged as the overall leader. Track its performance:
COIN
Coinbase Global, Inc.
The Growth Play
COIN carries the broadest edge in this set and is the clearest fit for growth exposure.
- Rev growth 9.4%, EPS growth -53.1%
- 9.4% revenue growth vs MSTR's 3.0%
- 13.8% margin vs MSTR's -25.2%
Best for: growth exposure
MSTR
Strategy Inc
The Income Pick
MSTR is the clearest fit if your priority is income & stability and long-term compounding.
- Dividend streak 1 yrs, beta 2.97, yield 1.3%
- 460.2% 10Y total return vs COIN's -50.2%
- Lower volatility, beta 2.97, Low D/E 16.2%, current ratio 5.62x
Best for: income & stability and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | COIN | 9.4% revenue growth vs MSTR's 3.0% |
| Value | MSTR | Lower P/E (2.2x vs 254.3x) |
| Quality / Margins | COIN | 13.8% margin vs MSTR's -25.2% |
| Stability / Safety | MSTR | Beta 2.97 vs COIN's 3.05, lower leverage |
| Dividends | MSTR | 1.3% yield; 1-year raise streak; the other pay no meaningful dividend |
| Momentum (1Y) | COIN | -54.2% vs MSTR's -75.4% |
| Efficiency (ROA) | COIN | 2.8% ROA vs MSTR's -19.4%, ROIC 5.7% vs -9.9% |
COIN vs MSTR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
COIN vs MSTR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLMSTRLAGGINGCOIN
COINCoinbase Global, Inc.
1leads
MSTRStrategy Inc
3leads
6 Total Categories
CATEGORYLEADERvs COINMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
MSTR3/5
Valuation MetricsMultiples, price ratios, and targets
MSTR3/4
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
COIN8/9
Total Returns1Y, 3Y, 5Y total returns with dividends
MSTR4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
MSTR leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
COIN is the larger business by revenue, generating $5.8B annually — 11.8x MSTR's $490M. COIN is the more profitable business, keeping 13.8% of every revenue dollar as net income compared to MSTR's -25.2%.
| Metric | COINCoinbase Global, … | MSTRStrategy Inc |
|---|---|---|
| RevenueTrailing 12 months | $5.8B | $490M |
| EBITDAEarnings before interest/tax | $248M | $480M |
| Net IncomeAfter-tax profit | $801M | -$12.4B |
| Free Cash FlowCash after capex | $2.8B | $7.6B |
| Gross MarginGross profit ÷ Revenue | +75.9% | +68.1% |
| Operating MarginEBIT ÷ Revenue | +0.4% | +94.2% |
| Net MarginNet income ÷ Revenue | +13.8% | -25.2% |
| FCF MarginFCF ÷ Revenue | +48.0% | +15.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | +11.9% |
| EPS Growth (YoY)Latest quarter vs prior year | -7.2% | -132.0% |
MSTR leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
MSTR leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
| Metric | COINCoinbase Global, … | MSTRStrategy Inc |
|---|---|---|
| Market CapShares × price | $43.1B | $32.5B |
| Enterprise ValueMkt cap + debt − cash | $39.6B | $38.5B |
| Trailing P/EPrice ÷ TTM EPS | 36.74x | -6.39x |
| Forward P/EPrice ÷ next-FY EPS est. | 254.25x | 2.16x |
| PEG RatioP/E ÷ EPS growth rate | 0.73x | — |
| EV / EBITDAEnterprise value multiple | 24.40x | — |
| Price / SalesMarket cap ÷ Revenue | 6.00x | 68.12x |
| Price / BookPrice ÷ Book value/share | 3.17x | 0.56x |
| Price / FCFMarket cap ÷ FCF | 17.75x | — |
MSTR leads this category, winning 3 of 4 comparable metrics.
Profitability & Efficiency
COIN leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
COIN delivers a 5.7% return on equity — every $100 of shareholder capital generates $6 in annual profit, vs $-24 for MSTR. MSTR carries lower financial leverage with a 0.16x debt-to-equity ratio, signaling a more conservative balance sheet compared to COIN's 0.53x. On the Piotroski fundamental quality scale (0–9), COIN scores 4/9 vs MSTR's 3/9, reflecting mixed financial health.
| Metric | COINCoinbase Global, … | MSTRStrategy Inc |
|---|---|---|
| ROE (TTM)Return on equity | +5.7% | -24.1% |
| ROA (TTM)Return on assets | +2.8% | -19.4% |
| ROICReturn on invested capital | +5.7% | -9.9% |
| ROCEReturn on capital employed | +8.1% | -12.6% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 3 |
| Debt / EquityFinancial leverage | 0.53x | 0.16x |
| Net DebtTotal debt minus cash | -$3.5B | $6.0B |
| Cash & Equiv.Liquid assets | $11.3B | $2.3B |
| Total DebtShort + long-term debt | $7.8B | $8.3B |
| Interest CoverageEBIT ÷ Interest expense | 11.92x | 9.05x |
COIN leads this category, winning 8 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
MSTR leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in MSTR five years ago would be worth $15,215 today (with dividends reinvested), compared to $6,489 for COIN. Over the past 12 months, COIN leads with a -54.2% total return vs MSTR's -75.4%. The 3-year compound annual growth rate (CAGR) favors MSTR at 45.5% vs COIN's 34.3% — a key indicator of consistent wealth creation.
| Metric | COINCoinbase Global, … | MSTRStrategy Inc |
|---|---|---|
| YTD ReturnYear-to-date | -30.9% | -38.1% |
| 1-Year ReturnPast 12 months | -54.2% | -75.4% |
| 3-Year ReturnCumulative with dividends | +107.7% | +155.7% |
| 5-Year ReturnCumulative with dividends | -35.1% | +52.1% |
| 10-Year ReturnCumulative with dividends | -50.2% | +460.2% |
| CAGR (3Y)Annualised 3-year return | +34.3% | +45.5% |
MSTR leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — COIN and MSTR each lead in 1 of 2 comparable metrics.
Risk & Volatility
MSTR is the less volatile stock with a 2.97 beta — it tends to amplify market swings less than COIN's 3.05 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. COIN currently trades 36.8% from its 52-week high vs MSTR's 21.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | COINCoinbase Global, … | MSTRStrategy Inc |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 3.05x | 2.97x |
| 52-Week HighHighest price in past year | $444.65 | $457.22 |
| 52-Week LowLowest price in past year | $139.18 | $81.81 |
| % of 52W HighCurrent price vs 52-week peak | +36.8% | +21.3% |
| RSI (14)Momentum oscillator 0–100 | 52.8 | 40.6 |
| Avg Volume (50D)Average daily shares traded | 8.6M | 18.0M |
Evenly matched — COIN and MSTR each lead in 1 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates COIN as "Buy" and MSTR as "Buy". Consensus price targets imply 152.5% upside for MSTR (target: $246) vs 44.3% for COIN (target: $236). MSTR is the only dividend payer here at 1.33% yield — a key consideration for income-focused portfolios.
| Metric | COINCoinbase Global, … | MSTRStrategy Inc |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $235.94 | $245.83 |
| # AnalystsCovering analysts | 38 | 29 |
| Dividend YieldAnnual dividend ÷ price | — | +1.3% |
| Dividend StreakConsecutive years of raises | — | 1 |
| Dividend / ShareAnnual DPS | — | $1.30 |
| Buyback YieldShare repurchases ÷ mkt cap | +1.8% | 0.0% |
Insufficient data to determine a leader in this category.
Key Takeaway
MSTR leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). COIN leads in 1 (Profitability & Efficiency). 1 tied.
Best OverallStrategy Inc (MSTR)Leads 3 of 6 categories
Custom Comparison: COIN vs MSTR
Compare on any lens — Growth, Value, Income, or pick from 130+ individual metrics.
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COIN vs MSTR: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is COIN or MSTR a better buy right now?
For growth investors, Coinbase Global, Inc.
(COIN) is the stronger pick with 9. 4% revenue growth year-over-year, versus 3. 0% for Strategy Inc (MSTR). Coinbase Global, Inc. (COIN) offers the better valuation at 36. 7x trailing P/E (254. 3x forward), making it the more compelling value choice. Analysts rate Coinbase Global, Inc. (COIN) a "Buy" — based on 38 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — COIN or MSTR?
On forward P/E, Strategy Inc is actually cheaper at 2.
2x — notably different from the trailing picture, reflecting expected earnings growth.
03Which is the better long-term investment — COIN or MSTR?
Over the past 5 years, Strategy Inc (MSTR) delivered a total return of +52.
1%, compared to -35. 1% for Coinbase Global, Inc. (COIN). Over 10 years, the gap is even starker: MSTR returned +460. 2% versus COIN's -50. 2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — COIN or MSTR?
By beta (market sensitivity over 5 years), Strategy Inc (MSTR) is the lower-risk stock at 2.
97β versus Coinbase Global, Inc. 's 3. 05β — meaning COIN is approximately 3% more volatile than MSTR relative to the S&P 500. On balance sheet safety, Strategy Inc (MSTR) carries a lower debt/equity ratio of 16% versus 53% for Coinbase Global, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — COIN or MSTR?
By revenue growth (latest reported year), Coinbase Global, Inc.
(COIN) is pulling ahead at 9. 4% versus 3. 0% for Strategy Inc (MSTR). On earnings-per-share growth, the picture is similar: Coinbase Global, Inc. grew EPS -53. 1% year-over-year, compared to -151. 3% for Strategy Inc. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — COIN or MSTR?
Coinbase Global, Inc.
(COIN) is the more profitable company, earning 17. 6% net margin versus -844. 8% for Strategy Inc — meaning it keeps 17. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: COIN leads at 20. 0% versus -1140. 8% for MSTR. At the gross margin level — before operating expenses — COIN leads at 74. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is COIN or MSTR more undervalued right now?
On forward earnings alone, Strategy Inc (MSTR) trades at 2.
2x forward P/E versus 254. 3x for Coinbase Global, Inc. — 252. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MSTR: 152. 5% to $245. 83.
08Which pays a better dividend — COIN or MSTR?
In this comparison, MSTR (1.
3% yield) pays a dividend. COIN does not pay a meaningful dividend and should not be held primarily for income.
09Is COIN or MSTR better for a retirement portfolio?
For long-horizon retirement investors, Strategy Inc (MSTR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (1.
3% yield, +460. 2% 10Y return). Coinbase Global, Inc. (COIN) carries a higher beta of 3. 05 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (MSTR: +460. 2%, COIN: -50. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between COIN and MSTR?
These companies operate in different sectors (COIN (Financial Services) and MSTR (Technology)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
MSTR pays a dividend while COIN does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.