Coinbase vs Moody's
Add, change or remove companies; up to four.
The short version
- Moody's is the larger business, with $7.7B of revenue in fiscal 2025 against $7.2B for Coinbase.
- Coinbase grew revenue faster (9.4%, against 8.9%).
- Moody's kept more of each dollar of sales as operating profit (43.4% operating margin, against 20.0%).
- Moody's turned more of its sales into free cash flow (33.4% FCF margin, against 31.9%).
- Moody's earned a higher return on the capital invested in it (31.1%, against 14.5%).
| Latest fiscal year | COIN · FY25 | MCO · FY25 |
|---|---|---|
| Size | ||
| Market cap | $43.3B | $83.8B |
| Revenue | $7.2B | $7.7B |
| Free cash flow | $2.3B | $2.6B |
| Net income | $1.3B | $2.5B |
| Growth | ||
| Revenue growth | 9.4% | 8.9% |
| 5-year growth | 41.2% | 7.5% |
| Share count change | 5.1% | −1.5% |
| Profitability | ||
| Gross margin | — | 74.4% |
| Operating margin | 20.0% | 43.4% |
| Net margin | 17.6% | 31.9% |
| FCF margin | 31.9% | 33.4% |
| Return on capital | 14.5% | 31.1% |
| Return on equity | 10.1% | 64.6% |
| Balance sheet | ||
| Net debt | −$3.9B | $4.5B |
| Net debt / EBITDA | −2.4x | 1.2x |
| Dividends and buybacks | $790M | $2.3B |
| Valuation & quality | ||
| P/E | — | 29.5x |
| Piotroski F-score | 4 | 9 |
Revenue
FY16
COIN —
MCO $3.6B
FY17
COIN —
MCO $4.2B
FY18
COIN —
MCO $4.4B
FY19
COIN $534M
MCO $4.8B
FY20
COIN $1.3B
MCO $5.4B
FY21
COIN $7.8B
MCO $6.2B
FY22
COIN $3.2B
MCO $5.5B
FY23
COIN $3.1B
MCO $5.9B
FY24
COIN $6.6B
MCO $7.1B
FY25
COIN $7.2B
MCO $7.7B
COIN
MCO
Operating margin
FY16
COIN —
MCO 18.1%
FY17
COIN —
MCO 43.3%
FY18
COIN —
MCO 42.0%
FY19
COIN −8.6%
MCO 41.4%
FY20
COIN 32.0%
MCO 44.5%
FY21
COIN 39.2%
MCO 45.7%
FY22
COIN −84.9%
MCO 34.4%
FY23
COIN −5.2%
MCO 36.1%
FY24
COIN 35.2%
MCO 40.6%
FY25
COIN 20.0%
MCO 43.4%
COIN
MCO
Free cash flow
FY16
COIN —
MCO $1.1B
FY17
COIN —
MCO $664M
FY18
COIN —
MCO $1.4B
FY19
COIN −$114M
MCO $1.6B
FY20
COIN $284M
MCO $2.0B
FY21
COIN $4.0B
MCO $1.9B
FY22
COIN −$1.6B
MCO $1.2B
FY23
COIN $673M
MCO $1.9B
FY24
COIN $3.0B
MCO $2.5B
FY25
COIN $2.3B
MCO $2.6B
COIN
MCO
Return on capital
FY16
COIN —
MCO —
FY17
COIN —
MCO 47.2%
FY18
COIN —
MCO —
FY19
COIN —
MCO —
FY20
COIN —
MCO 38.2%
FY21
COIN —
MCO 32.9%
FY22
COIN —
MCO 17.7%
FY23
COIN —
MCO 21.5%
FY24
COIN 43.3%
MCO 26.6%
FY25
COIN 14.5%
MCO 31.1%
COIN
MCO
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.