COIN vs FMCC
Coinbase Global, Inc. and Federal Home Loan Mortgage Corp., side by side — 7 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | COIN | FMCC |
|---|---|---|
| Revenue | $7.2B | $23.3B |
| Net income | $1.3B | $10.7B |
| Gross margin | · | · |
| Net margin | 17.6% | 46.1% |
| Return on equity | 10.1% | 16.5% |
| Diluted EPS | $4.45 | $0.02 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | · | · |
| Equity | $14.8B | $70.4B |
| Net debt / equity | −0.28× | 2.87× |
| Current ratio | 2.34× | · |
| Revenue CAGR 5y | 41.2% | 6.9% |
| Profit CAGR 5y | 31.4% | 7.9% |
FMCC bills 3.2× the revenue of COIN, and keeps more of each dollar of revenue as profit (46.1% against 17.6%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
7 years side by side
| Fiscal year | COIN | FMCC |
|---|---|---|
| FY2025 | $7.2B | $23.3B |
| FY2024 | $6.6B | $23.9B |
| FY2023 | $3.1B | $21.2B |
| FY2022 | $3.2B | $21.3B |
| FY2021 | $7.8B | $22.0B |
| FY2020 | $1.3B | $16.7B |
| FY2019 | $533.7M | $14.1B |
Bottom line
| Fiscal year | COIN | FMCC |
|---|---|---|
| FY2025 | $1.3B | $10.7B |
| FY2024 | $2.6B | $11.9B |
| FY2023 | $94.9M | $10.5B |
| FY2022 | $-2.6B | $9.3B |
| FY2021 | $3.6B | $12.1B |
| FY2020 | $322.3M | $7.3B |
| FY2019 | $-30.4M | $7.2B |
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$16,089,675,000 | FMCC |
| FY2024 | −$17,347,972,000 | FMCC |
| FY2023 | −$18,120,617,000 | FMCC |
| FY2022 | −$18,069,792,000 | FMCC |
| FY2021 | −$14,111,556,000 | FMCC |
| FY2020 | −$15,381,519,000 | FMCC |
| FY2019 | −$13,544,265,000 | FMCC |
FMCC has reported the higher revenue in every one of these 7 fiscal years. The gap has widened since the earliest year compared.
7 of 9 comparable fiscal years — a year missing data on either side is not counted.
7 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −28.6 pp | FMCC |
| FY2024 | −10.3 pp | FMCC |
| FY2023 | −46.6 pp | FMCC |
| FY2022 | −126.0 pp | FMCC |
| FY2021 | −8.9 pp | FMCC |
| FY2020 | −18.7 pp | FMCC |
| FY2019 | −56.9 pp | FMCC |
FMCC has kept the higher net margin in every one of these 7 fiscal years.
7 of 8 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
COIN's net margin has been more volatile than FMCC's over the 7 comparable fiscal years — 39.9 percentage points of standard deviation against 3.8.
7 of 8 comparable fiscal years — a year missing data on either side is not counted.
Year by year
FMCC led in net margin in every one of the 7 comparable fiscal years — a structural lead, not a recent swing.
7 of 8 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
COIN's return on equity has been more volatile than FMCC's over the 7 comparable fiscal years — 41.7 percentage points of standard deviation against 29.2.
7 of 9 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between COIN and FMCC over these 7 fiscal years — COIN led in 2 and FMCC in 5.
7 of 9 comparable fiscal years — a year missing data on either side is not counted.