COIN
Coinbase
$153.14
▲ 5.3%Updated Today 11:30 AM ET
COIN at a glance — five pillars scored 0–100 from real filed financials.
Overall: Weak · 24/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▼ Down 44.7% over the last 12 months
Market Cap
$43.60B
P/E
50.5x
Forward P/E (est.)
72.14x
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
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 $43.60B.
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.
Evidence of durable competitive advantage in the filed financials (7 years of history).
The numbers don't show a durable competitive advantage — margins, growth, or returns on capital have been unstable or thin. Great returns are still possible; they just aren't protected.
16.6% average over the last 3 years
±40.3 pts around 4.0% across 7 years
grew in 4 of the last 6 year-over-year periods
positive in 5 of 7 years
5.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
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 $153.14, below its 50-day average ($178.84) and 200-day average ($230.97). 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 53 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 $10.90 (~7.1% 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 $139.18 (support) and sellers near $176.48 (resistance); its 52-week range is $139.18–$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.
4Y CAGR
-2.2%
Revenue moved from $533.74M in 2019 to $7.18B in 2025, a 54.2% 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?
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.
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.
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.
P/E
50.5x
P/S
6.22x
P/B
3.73x
EV / EBITDA
—
COIN trades at 50.5x trailing earnings (about 72.1x on estimated forward earnings), 6.2x sales, and 3.7x book value. That is a rich multiple that prices in a lot of future growth.
Where COIN sits versus its Financials sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 141 Financials companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How COIN stacks up against its Financials peers — valuation, profitability, and growth versus the sector median.
In the Financials sector (289 S&P 500 companies), COIN ranks #138 of 289 by our overall rating. It trades at a premium versus the sector on earnings (50.5x P/E vs. 15.8x median) with a lower return on equity (5.7% vs. 13.6%) and slower revenue growth (-5.8% vs. 15.9%).
P/E vs sector
50.5x
median 15.8x
ROE vs sector
5.7%
median 13.6%
Growth vs sector
-5.8%
median 15.9%
Sector rank
#138
of 289 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Financials companies by sub-industry and size. Sector median is across all 289 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $153.14 today · expected CAGR 1% – 11%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $7.40B | $7.62B | $7.85B | $8.08B | $8.33B |
| Net income | $1.33B | $1.37B | $1.41B | $1.45B | $1.50B |
| EPS | $4.68 | $4.82 | $4.96 | $5.11 | $5.26 |
| Share price (low) | $140.30 | $144.51 | $148.85 | $153.31 | $157.91 |
| Share price (high) | $233.84 | $240.85 | $248.08 | $255.52 | $263.18 |
| CAGR (low–high) | -8% / 53% | -3% / 25% | -1% / 17% | 0% / 14% | 1% / 11% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for COIN:
- As an established S&P 500 member in Financials, it brings scale and a long operating history.
The case against COIN:
- Revenue growth is slow/negative (-5.8%), limiting the upside engine.
- A rich 50.5x 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).
Valuation risk — at 50.5x 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.
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 50.5x earnings, which our model scores Weak (24/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 44 Wall Street analysts covering COIN recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more positive over the last three months (+5 pts of buy ratings).
Latest SEC Filings
COIN's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
COIN — frequently asked questions
Is COIN a good stock to buy?
We don't give buy or sell advice. Our model rates Coinbase Weak (24/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is COIN's rating on The Stocks School?
Coinbase currently scores 24/100 (Weak) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does COIN's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Coinbase's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for COIN calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this COIN analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell COIN. Always do your own research and consider a licensed professional.
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.