BLSH vs NEXN vs SMWB Stock Comparison

Bullish, Nexxen International and Similarweb Prices as of Oct 29, 2026 Peers: Industry group
BLSH Bullish
$28.49 -20.2% 1M -45.8% 1Y
Market cap
$3.04B
P/E
–
Revenue (TTM)
$190.34B
Div. yield
–
Blockchain Infrastructure Technology
1 win
SMWB Similarweb Ltd.
$8.98 +16.6% 1M +6.4% 1Y
Market cap
$740.45M
P/E
–
Revenue (TTM)
$295.61M
Div. yield
–
Analytics and BI Technology
1 win

Head to Head

8 decided of 12

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

QuestionBLSHNEXNSMWBLeader
Larger companyMarket capitalisation $3.04B $526.93M $740.45M BLSH
Cheaper on earningsLower P/E, profitable companies only -2.2x 0.1x -34.0x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 67.8x 8.9x 40.8x NEXN
Faster revenue growthRevenue growth, trailing twelve months -26.5% +3.0% +10.2% SMWB
More profitableNet margin, trailing twelve months -0.7% 950.3% -7.4% NEXN
Better return on capitalReturn on invested capital -4.8% — — –
Less leveragedLower net debt / EBITDA 2.6x — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -45.8% +7.6% +6.4% NEXN
Better 5-year returnAnnualised price return, 5 years — -14.1%/yr -14.1%/yr NEXN
Less volatileAnnualised volatility, 1 year 73.0% 45.0% 80.9% NEXN
Higher overall scoreMean of the five percentile scores vs peers 63/100 73/100 36/100 NEXN

Percentile Scorecard

BLSHNEXNSMWB

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

AxisBLSHNEXNSMWB
Valuation 77 #24 of 99 90 #17 of 166 28 #73 of 101
Growth 32 #64 of 94 36 #99 of 153 64 #36 of 97
Profitability 47 #48 of 90 81 #30 of 153 41 #55 of 93
Financial Health 95 #6 of 105 58 #76 of 179 24 #82 of 108
Shareholder Returns – 100 #1 of 91 21 #50 of 63
Overall 63 73 36
  • BLSH ranked among 109 companies in Fintech
  • NEXN ranked among 185 companies in Internet Platforms
  • SMWB ranked among 114 companies in Business Applications

Price Performance

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

Returns

PeriodBLSHNEXNSMWBSPY
1 month -20.2%-0.7%+16.6% +0.7%
3 months +26.0%-15.4%+23.7% +3.7%
6 months -24.5%+20.8%+219.6% +7.1%
Year to date -24.8%+35.6%+19.9% +12.8%
1 year -45.8%+7.6%+6.4% +11.9%
3 years —+172.9%+76.8% +85.2%
3 years, per year —+39.8%+20.9% +22.8%
5 years —-53.2%-53.3% +67.6%
5 years, per year —-14.1%-14.1% +10.9%

Risk

MeasureBLSHNEXNSMWBSPY
Volatility, 1Y 73.0%45.0%80.9% 12.7%
Downside volatility, 1Y 70.4%51.8%89.3% 12.6%
Beta vs S&P 500, 1Y 2.740.731.79 1.00
Return / volatility, 1Y -0.630.170.08 0.94
Max drawdown, 5Y -70.8%-84.5%-88.4% -25.4%
From 52-week high -45.8%-19.0%-3.1% -1.2%
52-week high $52.57$10.95$9.27 $779.14
52-week low $21.79$5.70$2.33 $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.

MultipleBLSHNEXNSMWB
P/E now vs peer median -2.6xmedian 19.5x 0.1xmedian 16.7x -35.0xmedian 28.0x
P/S now vs peer median 0.0xmedian 2.2x 1.3xmedian 1.4x 2.6xmedian 2.8x
EV/EBITDA now vs peer median -33.7xmedian 17.8x 3.7xmedian 12.7x -307.5xmedian 16.9x
P/FCF now vs peer median 37.7xmedian 16.1x 4.3xmedian 10.5x 50.6xmedian 15.9x
P/B now vs peer median 1.7xmedian 2.0x 1.0xmedian 1.7x 34.3xmedian 3.2x
PEG now vs peer median —median 0.98 0.00median 0.39 -1.16median 0.89

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 monthsBLSHNEXNSMWB
Revenue $190.34B $382.86M $295.61M
Gross profit $71.94M $315.91M $235.99M
Operating income -$124.59M $19.59M -$11.06M
Net income -$1.43B $13.07M -$21.78M
Free cash flow $113.88M $115.13M $15.44M
R&D – $60.09M $73.83M
EPS (diluted) $-10.84 $59.59 $-0.26
Cash & equivalents $86.61M $132.04M $73.90M
Total debt $11.00K – –
Shares (diluted) 127.72M 61.06M 84.82M
Enterprise value -$1.78B -$129.71M $463.41M

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
MetricBLSHNEXNSMWB
P/E -2.6x 0.1x -35.0x
P/FCF 37.7x 4.3x 50.6x
P/Operating cash flow 34.9x 4.4x 55.1x
P/S 0.0x 1.3x 2.6x
P/B 1.7x 1.0x 34.3x
P/Tangible book 1.8x 3.0x 34.3x
EV/EBITDA -33.7x 3.7x -307.5x
EV/EBIT -32.0x 16.4x -63.9x
EV/Revenue 0.0x 0.8x 2.4x
EV/FCF 35.0x 2.8x 45.8x
EV/Operating cash flow 32.4x 2.8x 49.9x
PEG (3Y EPS CAGR) – 0.00 -1.16

Growth

14 metrics
MetricBLSHNEXNSMWB
Revenue growth (1Y) -26.5% 3.0% 10.2%
Revenue CAGR (3Y) – 4.6% 12.5%
Gross profit growth (1Y) -17.9% -0.5% 12.1%
Gross profit CAGR (3Y) – 5.1% 14.6%
Operating income growth (1Y) -57.2% -63.2% 50.2%
Operating income CAGR (3Y) – -4.1% 42.5%
Net income growth (1Y) -858.6% -73.7% 25.1%
Net income CAGR (3Y) – 38.8% 27.5%
EPS growth (1Y) -755.9% -51.9% 28.7%
EPS CAGR (3Y) – 38.6% 30.2%
Operating cash flow growth (1Y) 190.7% -11.7% -30.9%
Operating cash flow CAGR (3Y) – 41.0% 33.8%
Free cash flow growth (1Y) 171.4% -6.2% -29.0%
Free cash flow CAGR (3Y) – 48.1% 33.7%

Profitability

14 metrics
MetricBLSHNEXNSMWB
Gross margin 0.0% 82.5% 79.8%
EBITDA margin -0.1% 22.5% -0.8%
Operating margin -0.1% 5.1% -3.7%
Pretax margin -0.8% 2.2% -5.9%
Net margin -0.7% 950.3% -7.4%
FCF margin 0.1% 30.1% 5.2%
Operating cash flow margin 0.1% 29.7% 4.8%
Return on equity -55.4% 2.8% -108.3%
Return on assets -44.5% 1.7% -8.8%
Return on invested capital -4.8% – –
Return on capital employed -4.0% 4.1% -19.5%
Asset turnover 59.3x 0.5x 1.1x
Cash conversion (OCF / net income) -0.1x 8.7x -0.7x
Stock comp / revenue 0.0% 4.9% 6.2%

Financial Health

11 metrics
MetricBLSHNEXNSMWB
Debt / assets 0.0% – –
Debt / equity 0.0x – –
Net debt / EBITDA 2.6x – –
Debt / FCF 0.0x – –
Liabilities / assets 20.6% 39.5% 91.9%
Equity / assets 79.4% 60.5% 8.1%
Interest coverage -2.2x 8.5x –
Current ratio 23.5x 1.3x 0.8x
Quick ratio 2.5x 1.4x 0.6x
Cash ratio 2.5x 0.6x 0.3x
Altman Z-score 65.06 1.99 0.48

Shareholder Returns

7 metrics
MetricBLSHNEXNSMWB
Dividend yield – – –
Net buyback yield – 33.4% -0.3%
Shareholder yield – 33.4% -0.3%
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.

ConsensusBLSHNEXNSMWB
Forward P/E 67.8xFY2026 8.9xFY2026 40.8xFY2026
EPS, next fiscal year $0.42FY2026 $1.00FY2026 $0.22FY2026
EPS growth, next FY +40.0%FY2026 +2.0%FY2026 +266.7%FY2026
EPS growth, the year after +95.2% +27.0% +36.4%
Revenue, next fiscal year $364.64MFY2026 $373.87MFY2026 $332.14MFY2026
Revenue growth, next FY +26.4%FY2026 +5.9%FY2026 +17.5%FY2026
Revenue growth, the year after +5.7% +8.1% +0.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBLSHNEXNSMWB
Held by institutions 32.8% 62.6% 45.9%
Institutions holding 176 126 68
Change in shares held, QoQ +7.8% +7.7% -7.8%
Institutions buying 87 79 36
Institutions selling 70 30 18
Buyers to sellers 1.24 2.63 2.00

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.

BLSHNEXNSMWB
BLSH 1.00 0.15 0.20
NEXN 0.15 1.00 0.22
SMWB 0.20 0.22 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, BLSH, NEXN and SMWB?

Bullish (BLSH) is the largest by market capitalisation: Bullish (BLSH) $3.04B, Nexxen International (NEXN) $526.93M, Similarweb (SMWB) $740.45M.

Which company is growing faster?

Similarweb (SMWB) grew revenue fastest over the trailing twelve months: Bullish (BLSH) -26.5%, Nexxen International (NEXN) +3.0%, Similarweb (SMWB) +10.2%.

Which company is more profitable?

Nexxen International (NEXN) has the highest net margin (Bullish (BLSH) -0.7%, Nexxen International (NEXN) 950.3%, Similarweb (SMWB) -7.4%).

Which stock has performed better?

Over the past year Nexxen International (NEXN) returned the most: Bullish (BLSH) -45.8%, Nexxen International (NEXN) +7.6%, Similarweb (SMWB) +6.4%. Over five years, Nexxen International (NEXN) compounded fastest (Nexxen International (NEXN) -14.1%/yr, Similarweb (SMWB) -14.1%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Nexxen International (NEXN) has been the steadiest (Bullish (BLSH) 73.0%, Nexxen International (NEXN) 45.0%, Similarweb (SMWB) 80.9%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, BLSH, NEXN and SMWB?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Nexxen International (NEXN) 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.