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Coinbase Global, Inc. COIN Return on invested capital

Return on invested capital at other companies

CME Group logo
CME GroupCME
15.4%+1.6pp
Block logo
BlockXYZ
6.5%-1.1pp
Intercontinental Exchange logo
Intercontinental ExchangeICE
8.5%+1.4pp
MicroStrategy logo
MicroStrategyMSTR
5.8%
Tradeweb Markets Inc. logo
Tradeweb Markets Inc.TW
15.2%+2.7pp
State Street logo
State StreetSTT
20.6%-2.4pp

Other financials

Income statement

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Revenue$1.4B-30.5%
Operating income-$21.4M-103%
Net income-$394.1M-701%
EPS (diluted)-$1.49-721%

Balance sheet

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Cash & equivalents$10.2B-23.3%
Total debt$6.5B+50.5%
Total equity$13.5B+28.8%
Total assets$28.8B+32.8%

Cash flow

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Operating cash flow$182.7M-78.6%

Valuation

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Market cap$43.45B+5.5%
Enterprise value$39.75B+22.1%
P/E28.3×-1.2×
P/S6.6×+0.7×

Profitability

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Operating margin10.8%-21.6pp
Net margin41.9%+12.2pp

Returns & leverage

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Return on equity26%+4.7pp
Debt / equity0.5×+0.1×
Current ratio2.1×-0.4×

Where this comes from

Calculated from Coinbase Global, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Coinbase Global, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Coinbase Global, Inc.'s return on invested capital?
Coinbase Global, Inc. (COIN) reported return on invested capital of 12.6% in Q1 2026.
How has Coinbase Global, Inc.'s return on invested capital changed year-over-year?
Coinbase Global, Inc.'s return on invested capital decreased by 93.8% year-over-year, from 203.9% to 12.6%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.