COIN vs. NLY: Coinbase Global vs. Annaly Capital Management Stock Comparison

Company Profile

Coinbase Global (COIN) and Annaly Capital Management (NLY) both fall under the Financial Services industry group, but COIN is classified in Capital Markets while NLY is classified in Mortgage Real Estate Investment Trusts (REITs).

Annaly Capital Management (NLY) has more than two decades of public-market history since October 8, 1997, whereas Coinbase Global (COIN) listed on April 14, 2021 and has a much shorter record to draw on.

Coinbase Global (COIN) is an ordinary operating company, while Annaly Capital Management (NLY) is a REIT — read its payout ratio and P/E alongside FFO (funds from operations) rather than comparing them directly to COIN’s multiples.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Coinbase Global (COIN) carries a highly aggressive beta of 3.33, indicating much higher sensitivity to broad-market moves, whereas Annaly Capital Management (NLY) is closer to market-like at 1.22 — a noticeable difference in market-sensitivity profile.

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Coinbase Global (COIN) reports a negative ROE of -4.68%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Annaly Capital Management (NLY) reports 7.35%, ranking against industry peers normally.

Coinbase Global (COIN) reports a negative net margin of -12.89%, usually indicating a net loss over the period. Meanwhile Annaly Capital Management (NLY) reports 80.27%, ranking against industry peers normally.

Coinbase Global (COIN) reports a negative operating margin of -1.42%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Annaly Capital Management (NLY) reports 107.33%, ranking against industry peers normally.

Profitability Metrics

Growth

Annaly Capital Management (NLY) at 87.29% clears its industry range for revenue growth, far stronger top-line momentum than Coinbase Global (COIN) at 9.40%, which is closer to a typical peer reading.

Annaly Capital Management (NLY) at 80.25% sits in the top EPS growth quartile, while Coinbase Global (COIN) at -53.06% is in the bottom quartile, showing a clear gap in earnings momentum.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: Coinbase Global (COIN) in Financial Services and Annaly Capital Management (NLY) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

debt-to-equity ratio is set aside for both: Coinbase Global (COIN) in Financial Services and Annaly Capital Management (NLY) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Dividends

Coinbase Global (COIN) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Annaly Capital Management (NLY) reports a yield of 15.38%, ranking against industry peers normally.

Annaly Capital Management (NLY) reports payout ratio above 100% at 201.39%, meaning dividends exceeded current-period earnings; Coinbase Global (COIN) pays no dividend (payout 0.00%).

Dividend Metrics

Valuation

An earnings multiple is available for just one side: Annaly Capital Management (NLY) trades at 13.02 times trailing earnings, ranked against its peers, while Coinbase Global (COIN) has no P/E ratio this period.

Both look expensive on sales: Coinbase Global (COIN) at 6.56 sits in the upper P/S ratio quartile, and Annaly Capital Management (NLY) at 10.62 prices even higher, above its industry range.

On P/B ratio, both Coinbase Global (COIN) at 2.56 and Annaly Capital Management (NLY) at 1.05 are valued close to their industries’ norm against book — neither stands out from peers.

Valuation Metrics