COIN vs NU
Coinbase Global, Inc. and Nu Holdings Ltd., side by side — 6 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | COIN | NU |
|---|---|---|
| Revenue | $7.2B | $11.5B |
| Net income | $1.3B | $2.0B |
| Gross margin | · | 45.6% |
| Net margin | 17.6% | 17.1% |
| Return on equity | 10.1% | 28.1% |
| Diluted EPS | $4.45 | $0.40 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | · | · |
| Equity | $14.8B | $7.6B |
| Net debt / equity | −0.28× | −0.98× |
| Current ratio | 2.34× | · |
| Revenue CAGR 5y | 41.2% | 79.8% |
| Profit CAGR 5y | 31.4% | · |
NU bills 1.6× the revenue of COIN, and COIN keeps more of each dollar of revenue as profit (17.6% against 17.1%).
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.
6 years side by side
| Fiscal year | COIN | NU |
|---|---|---|
| FY2024 | $6.6B | $11.5B |
| FY2023 | $3.1B | $8.0B |
| FY2022 | $3.2B | $4.8B |
| FY2021 | $7.8B | $1.7B |
| FY2020 | $1.3B | $737.1M |
| FY2019 | $533.7M | $612.1M |
Bottom line
| Fiscal year | COIN | NU |
|---|---|---|
| FY2024 | $2.6B | $2.0B |
| FY2023 | $94.9M | $1.0B |
| FY2022 | $-2.6B | $-364.6M |
| FY2021 | $3.6B | $-165.0M |
| FY2020 | $322.3M | $-171.5M |
| FY2019 | $-30.4M | $-92.5M |
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | −$4,953,047,000 | NU |
| FY2023 | −$4,920,593,000 | NU |
| FY2022 | −$1,598,023,000 | NU |
| FY2021 | +$6,141,421,000 | COIN |
| FY2020 | +$540,348,000 | COIN |
| FY2019 | −$78,374,000 | NU |
The higher-revenue side has changed between COIN and NU over this period. The gap has widened since the earliest year compared.
6 of 7 comparable fiscal years — a year missing data on either side is not counted.
6 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2024 | +22.2 pp | COIN |
| FY2023 | −9.8 pp | NU |
| FY2022 | −74.6 pp | NU |
| FY2021 | +56.0 pp | COIN |
| FY2020 | +48.5 pp | COIN |
| FY2019 | +9.4 pp | COIN |
The higher net margin has changed hands between COIN and NU over this period.
6 of 7 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 NU's over the 6 comparable fiscal years — 42.8 percentage points of standard deviation against 14.5.
6 of 7 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between COIN and NU over these 6 fiscal years — COIN led in 4 and NU in 2.
6 of 7 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 NU's over the 6 comparable fiscal years — 44.8 percentage points of standard deviation against 20.3.
6 of 7 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 NU over these 6 fiscal years — COIN led in 4 and NU in 2.
6 of 7 comparable fiscal years — a year missing data on either side is not counted.