Coinbase
COIN · Financial Exchanges & Data
$164.45
2.7%Robinhood
HOOD · Investment Banking & Brokerage
$95.07
1.6%The short version
- Coinbase is the larger business, with $7.2B of revenue in fiscal 2025 against $4.5B for Robinhood, about 1.6 times as much.
- Robinhood grew revenue faster (51.6%, against 9.4%).
- Robinhood turned more of its sales into free cash flow (36.3% FCF margin, against 31.9% FCF margin).
| Latest fiscal year | COIN · FY25 | HOOD · FY25 |
|---|---|---|
| Size | ||
| Market cap | $43.3B | $86.7B |
| Revenue | $7.2B | $4.5B |
| Free cash flow | $2.3B | $1.6B |
| Net income | $1.3B | $1.9B |
| Growth | ||
| Revenue growth | 9.4% | 51.6% |
| 5-year growth | 41.2% | 36.1% |
| Share count change | 5.1% | 1.4% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 20.0% | — |
| Net margin | 17.6% | 42.1% |
| FCF margin | 31.9% | 36.3% |
| Return on capital | 14.5% | — |
| Return on equity | 10.1% | 22.0% |
| Balance sheet | ||
| Net debt | −$3.9B | — |
| Net debt / EBITDA | −2.4x | — |
| Dividends and buybacks | $790M | $653M |
| Valuation & quality | ||
| P/E | — | 41.9x |
| Piotroski F-score | 4 | — |
FY19
COIN $534M
HOOD $278M
FY20
COIN $1.3B
HOOD $958M
FY21
COIN $7.8B
HOOD $1.8B
FY22
COIN $3.2B
HOOD $1.4B
FY23
COIN $3.1B
HOOD $1.9B
FY24
COIN $6.6B
HOOD $3.0B
FY25
COIN $7.2B
HOOD $4.5B
COIN
HOOD
FY19
COIN −8.6%
HOOD —
FY20
COIN 32.0%
HOOD —
FY21
COIN 39.2%
HOOD —
FY22
COIN −84.9%
HOOD —
FY23
COIN −5.2%
HOOD —
FY24
COIN 35.2%
HOOD —
FY25
COIN 20.0%
HOOD —
COIN
HOOD
FY19
COIN −$114M
HOOD $1.3B
FY20
COIN $284M
HOOD $1.9B
FY21
COIN $4.0B
HOOD −$948M
FY22
COIN −$1.6B
HOOD −$880M
FY23
COIN $673M
HOOD $1.2B
FY24
COIN $3.0B
HOOD −$170M
FY25
COIN $2.3B
HOOD $1.6B
COIN
HOOD
FY19
COIN —
HOOD —
FY20
COIN —
HOOD —
FY21
COIN —
HOOD —
FY22
COIN —
HOOD —
FY23
COIN —
HOOD —
FY24
COIN 43.3%
HOOD —
FY25
COIN 14.5%
HOOD —
COIN
HOOD
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.