BLSH vs CGNT vs COIN Stock Comparison

Bullish, Cognyte Software and Coinbase Global Prices as of Oct 27, 2026 Peers: Industry group
BLSH Bullish
$28.97 -22.9% 1M -48.6% 1Y
Market cap
$3.66B
P/E
–
Revenue (TTM)
$190.34B
Div. yield
–
Blockchain Infrastructure Technology
1 win
CGNT Cognyte Software Ltd.
$10.19 +19.6% 1M +20.3% 1Y
Market cap
$727.28M
P/E
208.4x
Revenue (TTM)
$421.71M
Div. yield
–
Analytics and BI Technology
6 wins
COIN Coinbase Global, Inc.
$161.09 -17.4% 1M -55.4% 1Y
Market cap
$42.56B
P/E
–
Revenue (TTM)
$6.28B
Div. yield
–
Blockchain Infrastructure Technology
3 wins

Head to Head

10 decided of 12

Cognyte Software leads on 6 of the 12 questions below (Cognyte Software 6, Coinbase Global 3, Bullish 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBLSHCGNTCOINLeader
Larger companyMarket capitalisation $3.66B $727.28M $42.56B COIN
Cheaper on earningsLower P/E, profitable companies only -2.6x 208.4x -43.5x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 69.0x 21.2x — CGNT
Faster revenue growthRevenue growth, trailing twelve months -26.5% +12.0% -10.4% CGNT
More profitableNet margin, trailing twelve months -0.7% 0.8% -15.6% CGNT
Better return on capitalReturn on invested capital -4.8% — 2.4% COIN
Less leveragedLower net debt / EBITDA 2.6x — -2.7x COIN
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -48.6% +20.3% -55.4% CGNT
Better 5-year returnAnnualised price return, 5 years — -12.8%/yr -12.8%/yr CGNT
Less volatileAnnualised volatility, 1 year 73.1% 52.2% 71.1% CGNT
Higher overall scoreMean of the five percentile scores vs peers 63/100 57/100 60/100 BLSH

Percentile Scorecard

BLSHCGNTCOIN

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisBLSHCGNTCOIN
Valuation 76 #25 of 99 57 #44 of 101 53 #47 of 99
Growth 33 #63 of 94 90 #11 of 97 58 #40 of 94
Profitability 47 #48 of 90 63 #35 of 94 57 #39 of 90
Financial Health 95 #6 of 105 60 #44 of 108 76 #26 of 105
Shareholder Returns – 14 #55 of 64 55 #28 of 61
Overall 63 57 60
  • BLSH ranked among 109 companies in Fintech
  • CGNT ranked among 114 companies in Business Applications
  • COIN ranked among 109 companies in Fintech

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodBLSHCGNTCOINSPY
1 month -22.9%+19.6%-17.4% -0.2%
3 months +27.8%+14.2%-4.1% +3.9%
6 months -27.2%+6.7%-17.0% +8.2%
Year to date -23.5%+8.4%-28.8% +12.9%
1 year -48.6%+20.3%-55.4% +12.3%
3 years —+153.5%+127.6% +87.4%
3 years, per year —+36.4%+31.6% +23.3%
5 years —-49.5%-49.5% +67.9%
5 years, per year —-12.8%-12.8% +10.9%

Risk

MeasureBLSHCGNTCOINSPY
Volatility, 1Y 73.1%52.2%71.1% 12.7%
Downside volatility, 1Y 70.7%56.6%66.7% 12.7%
Beta vs S&P 500, 1Y 2.731.312.84 1.00
Return / volatility, 1Y -0.660.39-0.78 0.97
Max drawdown, 5Y -70.8%-89.3%-90.9% -25.4%
From 52-week high -48.6%-16.7%-55.4% -1.2%
52-week high $56.31$12.24$361.43 $779.14
52-week low $21.79$6.34$141.09 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleBLSHCGNTCOIN
P/E now vs peer median -2.7xmedian 20.0x 212.9xmedian 28.3x -43.4xmedian 20.0x
P/S now vs peer median 0.0xmedian 2.3x 1.8xmedian 2.8x 6.8xmedian 2.3x
EV/EBITDA now vs peer median -34.3xmedian 17.5x 21.8xmedian 17.3x 47.0xmedian 17.5x
P/FCF now vs peer median 38.4xmedian 15.9x 25.7xmedian 15.8x 24.8xmedian 15.9x
P/B now vs peer median 1.8xmedian 2.0x 3.4xmedian 3.2x 3.2xmedian 2.0x
PEG now vs peer median —median 1.03 7.90median 0.85 -3.61median 1.03

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsBLSHCGNTCOIN
Revenue $190.34B $421.71M $6.28B
Gross profit $71.94M $307.70M –
Operating income -$124.59M $17.43M $619.38M
Net income -$1.43B $4.85M -$987.77M
Free cash flow $113.88M $28.96M $1.71B
R&D – $127.59M $1.93B
EPS (diluted) $-10.84 $0.05 $-3.71
Cash & equivalents $86.61M $102.17M $8.61B
Total debt $11.00K – $6.48B
Shares (diluted) 127.72M 72.91M 263.41M
Enterprise value -$1.16B $292.46M -$630.03M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricBLSHCGNTCOIN
P/E -2.7x 212.9x -43.4x
P/FCF 38.4x 25.7x 24.8x
P/Operating cash flow 35.5x 18.0x 24.8x
P/S 0.0x 1.8x 6.8x
P/B 1.8x 3.4x 3.2x
P/Tangible book 1.8x 3.5x 3.7x
EV/EBITDA -34.3x 21.8x 47.0x
EV/EBIT -32.6x 36.9x 64.9x
EV/Revenue 0.0x 1.5x 6.4x
EV/FCF 35.6x 22.2x 23.5x
EV/Operating cash flow 33.0x 15.5x 23.5x
PEG (3Y EPS CAGR) – 7.90 -3.61

Growth

14 metrics
MetricBLSHCGNTCOIN
Revenue growth (1Y) -26.5% 12.0% -10.4%
Revenue CAGR (3Y) – 12.7% 32.5%
Gross profit growth (1Y) -17.9% 15.3% –
Gross profit CAGR (3Y) – 17.1% –
Operating income growth (1Y) -57.2% 406.0% -67.1%
Operating income CAGR (3Y) – 31.9% 35.2%
Net income growth (1Y) -858.6% 202.7% -134.5%
Net income CAGR (3Y) – 27.4% 8.2%
EPS growth (1Y) -755.9% 201.4% -136.1%
EPS CAGR (3Y) – 26.9% 12.0%
Operating cash flow growth (1Y) 190.7% 56.8% -48.1%
Operating cash flow CAGR (3Y) – 38.0% 73.7%
Free cash flow growth (1Y) 171.4% 53.0% -48.1%
Free cash flow CAGR (3Y) – 66.3% 73.9%

Profitability

14 metrics
MetricBLSHCGNTCOIN
Gross margin 0.0% 73.0% –
EBITDA margin -0.1% 7.0% 13.6%
Operating margin -0.1% 4.1% 9.9%
Pretax margin -0.8% 3.1% -19.8%
Net margin -0.7% 0.8% -15.6%
FCF margin 0.1% 6.9% 27.3%
Operating cash flow margin 0.1% 9.8% 27.3%
Return on equity -55.4% 2.2% -7.4%
Return on assets -44.5% 0.9% -3.6%
Return on invested capital -4.8% – 2.4%
Return on capital employed -4.0% 5.9% 3.0%
Asset turnover 59.3x 0.8x 0.2x
Cash conversion (OCF / net income) -0.1x 8.5x -1.7x
Stock comp / revenue 0.0% 5.3% 14.9%

Financial Health

11 metrics
MetricBLSHCGNTCOIN
Debt / assets 0.0% – 24.5%
Debt / equity 0.0x – 0.5x
Net debt / EBITDA 2.6x – -2.7x
Debt / FCF 0.0x – 3.8x
Liabilities / assets 20.6% 56.6% 50.6%
Equity / assets 79.4% 43.4% 49.4%
Interest coverage -2.2x 113.9x 6.9x
Current ratio 23.5x 1.3x 2.4x
Quick ratio 2.5x 0.5x 1.3x
Cash ratio 2.5x 0.5x 1.2x
Altman Z-score 65.13 2.25 2.98

Shareholder Returns

7 metrics
MetricBLSHCGNTCOIN
Dividend yield – – –
Net buyback yield – -2.7% 2.9%
Shareholder yield – -2.7% 2.9%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusBLSHCGNTCOIN
Forward P/E 69.0xFY2026 21.2xFY2026 –
EPS, next fiscal year $0.42FY2026 $0.48FY2026 $-2.52FY2026
EPS growth, next FY +40.0%FY2026 +71.4%FY2026 -156.6%FY2026
EPS growth, the year after +95.2% +68.8% –
Revenue, next fiscal year $364.64MFY2026 $426.78MFY2026 $5.52BFY2026
Revenue growth, next FY +26.4%FY2026 +6.7%FY2026 -23.1%FY2026
Revenue growth, the year after +5.7% +18.3% +17.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBLSHCGNTCOIN
Held by institutions 32.8% 67.2% 65.4%
Institutions holding 175 133 1,118
Change in shares held, QoQ +7.8% -2.8% +2.2%
Institutions buying 87 75 469
Institutions selling 70 33 452
Buyers to sellers 1.24 2.27 1.04

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

BLSHCGNTCOIN
BLSH 1.00 0.30 0.70
CGNT 0.30 1.00 0.36
COIN 0.70 0.36 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BLSH, CGNT and COIN?

Coinbase Global (COIN) is the largest by market capitalisation: Bullish (BLSH) $3.66B, Cognyte Software (CGNT) $727.28M, Coinbase Global (COIN) $42.56B.

Which company is growing faster?

Cognyte Software (CGNT) grew revenue fastest over the trailing twelve months: Bullish (BLSH) -26.5%, Cognyte Software (CGNT) +12.0%, Coinbase Global (COIN) -10.4%.

Which company is more profitable?

Cognyte Software (CGNT) has the highest net margin (Bullish (BLSH) -0.7%, Cognyte Software (CGNT) 0.8%, Coinbase Global (COIN) -15.6%). On return on invested capital, Coinbase Global (COIN) leads (Bullish (BLSH) -4.8%, Coinbase Global (COIN) 2.4%).

Which stock has performed better?

Over the past year Cognyte Software (CGNT) returned the most: Bullish (BLSH) -48.6%, Cognyte Software (CGNT) +20.3%, Coinbase Global (COIN) -55.4%. Over five years, Cognyte Software (CGNT) compounded fastest (Cognyte Software (CGNT) -12.8%/yr, Coinbase Global (COIN) -12.8%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Cognyte Software (CGNT) has been the steadiest (Bullish (BLSH) 73.1%, Cognyte Software (CGNT) 52.2%, Coinbase Global (COIN) 71.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BLSH, CGNT and COIN?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Cognyte Software (CGNT) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.