Seek Returns

CRCL vs. CRWV: Circle Internet vs. CoreWeave Stock Comparison

How do Circle Internet (CRCL) and CoreWeave (CRWV) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Circle Internet (CRCL) and CoreWeave (CRWV) both fall under the Software & Services industry group, but CRCL is classified in Software while CRWV is classified in IT Services.

Company profile comparison for Circle Internet (CRCL) and CoreWeave (CRWV)
Profile ItemCRCLCRWV
NameCircle Internet Group, Inc. Class ACoreWeave Inc. Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSoftware & ServicesSoftware & Services
GICS IndustrySoftwareIT Services
GICS Sub-IndustryApplication SoftwareInternet Services & Infrastructure
Market Capitalization17.41 billion USD25.59 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateJune 5, 2025March 28, 2025
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CRCL
CRWV
GSPC
Loading price history…
Circle Internet (CRCL) vs. CoreWeave (CRWV), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…
Trailing total returns for Circle Internet (CRCL) and CoreWeave (CRWV). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for Circle Internet (CRCL) and CoreWeave (CRWV). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Circle Internet (CRCL) and CoreWeave (CRWV)
MetricCRCLCRWV
Total Return (1Y)-33.88%-52.69%
Total Return (3Y, Annualized)----
Total Return (5Y, Annualized)----

Risk Profile

Drawdown History

CRCL
CRWV
GSPC
Loading price history…
Circle Internet (CRCL) vs. CoreWeave (CRWV), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…
Distribution of monthly total returns for Circle Internet (CRCL) and CoreWeave (CRWV). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

CoreWeave (CRWV) carries a highly aggressive beta of 7.43, indicating much higher sensitivity to broad-market moves, whereas Circle Internet (CRCL) is closer to market-like at 0.84 — a noticeable difference in market-sensitivity profile.

Risk profile metrics for Circle Internet (CRCL) and CoreWeave (CRWV)
MetricCRCLCRWV
Volatility (1Y, Annualized)96.01%98.61%
Beta (5Y)0.847.43
Max Drawdown (5Y)-80.93%-76.22%
Avg. Volume (3M)12.74M40.98M

Risk-Adjusted Performance

Risk-Return Positioning

Loading chart…
CRCL and CRWV are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Circle Internet (CRCL) and CoreWeave (CRWV)
MetricCRCLCRWV
Sharpe Ratio (1Y)-0.40-0.58
Sortino Ratio (1Y)-0.61-0.86

Profitability

ROE (TTM)

CoreWeave (CRWV) reports a negative ROE of -43.60%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Circle Internet (CRCL) reports 13.44%, ranking against industry peers normally.

CRCL

Software & Services industry group

13.44%

Max
53.85%
Q3
17.90%
CRCL
13.44%
Median
6.59%
Q1
-9.59%
Min
-50.52%

CRWV

Software & Services industry group

-43.60%

Max
53.85%
Q3
17.90%
Median
6.59%
Q1
-9.59%
CRWV
-43.60%
Min
-50.52%
Loading chart…
Circle Internet (CRCL) vs. CoreWeave (CRWV): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

CoreWeave (CRWV) reports a negative net margin of -25.40%, usually indicating a net loss over the period. Meanwhile Circle Internet (CRCL) reports 15.28%, ranking against industry peers normally.

CRCL

Software & Services industry group

15.28%

Max
41.17%
CRCL
15.28%
Q3
15.28%
Median
4.63%
Q1
-5.42%
Min
-33.17%

CRWV

Software & Services industry group

-25.40%

Max
41.17%
Q3
15.28%
Median
4.63%
Q1
-5.42%
CRWV
-25.40%
Min
-33.17%
Loading chart…
Circle Internet (CRCL) vs. CoreWeave (CRWV): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

CoreWeave (CRWV) reports a negative operating margin of -1.90%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Circle Internet (CRCL) reports 24.09%, ranking against industry peers normally.

CRCL

Software & Services industry group

24.09%

Max
46.89%
CRCL
24.09%
Q3
17.64%
Median
8.73%
Q1
-2.13%
Min
-30.45%

CRWV

Software & Services industry group

-1.90%

Max
46.89%
Q3
17.64%
Median
8.73%
CRWV
-1.90%
Q1
-2.13%
Min
-30.45%
Loading chart…
Circle Internet (CRCL) vs. CoreWeave (CRWV): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Circle Internet (CRCL) and CoreWeave (CRWV)
MetricCRCLCRWV
ROE (TTM)13.44%-43.60%
ROA (TTM)0.28%-0.24%
Net Margin (TTM)15.28%-25.40%
Operating Margin (TTM)24.09%-1.90%
Gross Margin (TTM)26.58%67.42%

Growth

Revenue Growth

Both Circle Internet (CRCL) at 63.86% and CoreWeave (CRWV) at 167.94% are expanding revenue faster than their entire industry benchmark ranges for revenue growth — exceptional top-line momentum on both sides, though growth that far above the peer range is worth checking for one-off boosts such as acquisitions.

Loading chart…
Circle Internet (CRCL) vs. CoreWeave (CRWV): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Circle Internet (CRCL) reports EPS growth of -640.54%, ranked against its industry; CoreWeave (CRWV) has no EPS growth figure this period.

Loading chart…
Circle Internet (CRCL) vs. CoreWeave (CRWV): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Circle Internet (CRCL) and CoreWeave (CRWV)
MetricCRCLCRWV
Revenue Growth (YoY)63.86%167.94%
Revenue Growth (3Y CAGR)52.66%586.92%
EPS Growth (YoY)-640.54%--
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

Circle Internet (CRCL) at 1.04 keeps current ratio within its industry’s typical mid-range, while CoreWeave (CRWV) at 0.46 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for CRWV.

CRCL

Software & Services industry group

1.04

Max
5.11
Q3
2.77
Median
1.67
CRCL
1.04
Q1
1.01
Min
0.03

CRWV

Software & Services industry group

0.46

Max
5.11
Q3
2.77
Median
1.67
Q1
1.01
CRWV
0.46
Min
0.03
Loading chart…
Circle Internet (CRCL) vs. CoreWeave (CRWV): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Circle Internet (CRCL) at 0.00 keeps leverage in the lower quartile, while CoreWeave (CRWV) at 10.27 is above its industry debt-to-equity ratio range.

CRCL

Software & Services industry group

0.00

Max
2.52
Q3
1.13
Median
0.40
Q1
0.07
CRCL
0.00
Min
0.00

CRWV

Software & Services industry group

10.27

CRWV
10.27
Max
2.52
Q3
1.13
Median
0.40
Q1
0.07
Min
0.00
Loading chart…
Circle Internet (CRCL) vs. CoreWeave (CRWV): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Circle Internet (CRCL) and CoreWeave (CRWV)
MetricCRCLCRWV
Current Ratio (MRQ)1.040.46
Debt / Equity (MRQ)0.0010.27
Net Debt / EBITDA-4.6812.16

Dividends

Dividend Yield (TTM)

Neither Circle Internet (CRCL) nor CoreWeave (CRWV) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

CRCL

Software & Services industry group

0.00%

CRCL
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

CRWV

Software & Services industry group

0.00%

CRWV
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Loading chart…
Circle Internet (CRCL) vs. CoreWeave (CRWV): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Circle Internet (CRCL) nor CoreWeave (CRWV) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

CRCL

Software & Services industry group

0.00%

CRCL
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

CRWV

Software & Services industry group

0.00%

CRWV
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Loading chart…
Circle Internet (CRCL) vs. CoreWeave (CRWV): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Circle Internet (CRCL) and CoreWeave (CRWV)
MetricCRCLCRWV
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Circle Internet (CRCL) trades at 40.89 times trailing earnings, ranked against its peers, while CoreWeave (CRWV) has no P/E ratio this period.

CRCL

Software & Services industry group

40.89

Max
112.94
Q3
60.32
CRCL
40.89
Median
32.91
Q1
18.77
Min
6.69

CRWV

Software & Services industry group

--

Max
112.94
Q3
60.32
Median
32.91
Q1
18.77
Min
6.69
CRWV
--
Loading chart…
Circle Internet (CRCL) vs. CoreWeave (CRWV): CRWV does not report P/E ratio, so it has no value marker; CRCL is benchmarked against the Software & Services industry group.

P/S Ratio (TTM)

On P/S ratio, both Circle Internet (CRCL) at 5.75 and CoreWeave (CRWV) at 3.37 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

CRCL

Software & Services industry group

5.75

Max
17.91
Q3
8.78
CRCL
5.75
Median
4.25
Q1
2.23
Min
0.02

CRWV

Software & Services industry group

3.37

Max
17.91
Q3
8.78
Median
4.25
CRWV
3.37
Q1
2.23
Min
0.02
Loading chart…
Circle Internet (CRCL) vs. CoreWeave (CRWV): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Circle Internet (CRCL) at 4.50 and CoreWeave (CRWV) at 5.09 are valued close to their industries’ norm against book — neither stands out from peers.

CRCL

Software & Services industry group

4.50

Max
16.63
Q3
8.50
CRCL
4.50
Median
4.30
Q1
1.92
Min
-3.90

CRWV

Software & Services industry group

5.09

Max
16.63
Q3
8.50
CRWV
5.09
Median
4.30
Q1
1.92
Min
-3.90
Loading chart…
Circle Internet (CRCL) vs. CoreWeave (CRWV): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Circle Internet (CRCL) and CoreWeave (CRWV)
MetricCRCLCRWV
P/E Ratio (TTM)40.89--
P/S Ratio (TTM)5.753.37
P/B Ratio (MRQ)4.505.09
Free Cash Flow Yield (TTM)1.43%-35.51%