Coinbase Global vs Robinhood Markets (COIN vs HOOD)
Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.
Coinbase Global is the larger company by revenue ($7.2B vs $4.5B). Robinhood Markets carries the larger market value ($93.1B vs $46.7B). Robinhood Markets has grown revenue faster over the last 4 fiscal years (+146.4% cumulative vs -8.4%). Coinbase Global trades at the lower trailing P/E (39.7x vs 45.8x).
About Coinbase Global
Coinbase Global, Inc. operates a platform that allows retail consumers, institutional clients, and developers to trade and manage crypto assets as well as other financial products like stocks, commodity futures, and derivatives. The company offers various trading experiences, including simple and advanced interfaces, and provides institutional services through its prime brokerage and multiple exchanges. Coinbase also supports blockchain-based products such as the Base decentralized Ethereum blockchain and a self-custodial wallet app, and it generates revenue from transaction fees, subscription products, and staking services.
About Robinhood Markets
Robinhood Markets, Inc. operates a mobile-first financial services platform that offers commission-free trading of U.S.-listed stocks, ETFs, options, and other asset classes. The company provides features such as fractional trading, recurring investments, margin investing, and retirement accounts, serving individual investors including beginners and more experienced traders. Robinhood also offers 24-hour trading, joint investing accounts, prediction markets, and futures trading to expand access to financial markets.
Head to head (COIN FY2025 vs HOOD FY2025)
| Metric | COINFY2025 | HOODFY2025 |
|---|---|---|
| Revenue | $7.18B | $4.47B |
| Revenue growth (YoY) | 9.4% | 51.6% |
| Gross margin | — | — |
| Operating margin | 20.0% | — |
| Net margin | 17.6% | 42.1% |
| Net income | $1.26B | $1.88B |
| Diluted EPS | $4.45 | $2.05 |
| FCF margin | — | — |
| ROE | 8.5% | 20.6% |
| Long-term debt / equity | 0.40× | — |
| Market cap | $46.65B | $93.06B |
| P/E | 39.7× | 45.8× |
Fundamentals are from each company’s SEC filings (COIN FY2025, HOOD FY2025). ROE is net income over fiscal-year-end equity; long-term debt / equity counts non-current term debt only. P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
Five-year trend (as reported)
| Revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| COIN | $7.84B | $3.19B | $3.11B | $6.56B | $7.18B |
| HOOD | $1.81B | $1.36B | $1.86B | $2.95B | $4.47B |
Peer standing
Where each company ranks among the 425 Financials companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.
| Metric | COIN | HOOD |
|---|---|---|
| Net margin | 17.6%55th percentile of 377 | 42.1%94th percentile of 377 |
| Revenue growth (YoY) | +9.4%48th percentile of 420 | +51.6%88th percentile of 420 |
| ROE | 8.5%44th percentile of 375 | 20.6%86th percentile of 375 |
| P/E | 39.7×91st percentile of 318 | 45.8×92nd percentile of 318 |
| Short interest (days to cover) | 3.27d37th percentile of 420 | 2.19d19th percentile of 420 |
Short interest
| FINRA settlement data | COIN | HOOD |
|---|---|---|
| Shares sold short | 22.9M | 33.1M |
| Change vs prior settlement | +5.2% | -0.1% |
| Days to cover | 3.27 | 2.19 |
| As of settlement | 2026-08-14 | 2026-08-14 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.
Insider activity (last 90 days)
| Form 4 activity (codes P/S) | COIN | HOOD |
|---|---|---|
| Buys | 0 | 1 ($20.2M) |
| Sells | 31 ($7.4M) | 47 ($65.4M) |
Non-derivative purchases (code P) and sales (code S) reported on SEC Form 4, which may be open-market or private (grants, exercises and tax withholding excluded). For context, about 15% of covered companies saw any reported insider purchase (code P) in a 90-day window.
Held by the same investors
8 tracked 13F managers hold both Coinbase Global and Robinhood Markets as of their latest quarterly filings: AQR Capital Management, ARK Investment Management, Citadel Advisors, D. E. Shaw, Gotham Asset Management, Millennium Management, Renaissance Technologies, Two Sigma Investments. See which superinvestors hold your own portfolio with the smart money checker.
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.