BMNR vs SNDK Stock Comparison

Bitmine Immersion Technologies and Sandisk Prices as of Oct 26, 2026 Peers: Industry group
SNDK Sandisk Corp
$1,255.58 -29.4% 1M +574.5% 1Y
Market cap
$191.25B
P/E
16.7x
Revenue (TTM)
$20.25B
Div. yield
–
Server and Storage Hardware Technology
4 wins

Head to Head

6 decided of 12

Sandisk leads on 4 of the 12 questions below (Sandisk 4, Bitmine Immersion Technologies 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionBMNRSNDKLeader
Larger companyMarket capitalisation $11.65B $191.25B SNDK
Cheaper on earningsLower P/E, profitable companies only -1.3x 16.7x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 6.1x –
Faster revenue growthRevenue growth, trailing twelve months +1,022.4% +175.3% BMNR
More profitableNet margin, trailing twelve months -14,334.2% 56.5% SNDK
Better return on capitalReturn on invested capital — 73.7% –
Less leveragedLower net debt / EBITDA — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -58.4% +574.5% SNDK
Better 5-year returnAnnualised price return, 5 years — — –
Less volatileAnnualised volatility, 1 year 89.7% 111.7% BMNR
Higher overall scoreMean of the five percentile scores vs peers 35/100 79/100 SNDK

Percentile Scorecard

BMNRSNDK

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

AxisBMNRSNDK
Valuation 17 #82 of 99 66 #39 of 111
Growth 14 #81 of 94 100 #1 of 108
Profitability 10 #81 of 90 100 #1 of 104
Financial Health 99 #2 of 105 82 #22 of 115
Shareholder Returns – 49 #42 of 81
Overall 35 79
  • BMNR ranked among 109 companies in Fintech
  • SNDK ranked among 121 companies in Computer Hardware

Price Performance

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

Returns

PeriodBMNRSNDKSPY
1 month -23.9%-29.4% -0.8%
3 months +17.0%-1.8% +3.5%
6 months -2.8%+17.3% +7.0%
Year to date -22.8%+428.9% +12.2%
1 year -58.4%+574.5% +13.0%

Risk

MeasureBMNRSNDKSPY
Volatility, 1Y 89.7%111.7% 12.7%
Downside volatility, 1Y 88.3%105.8% 12.7%
Beta vs S&P 500, 1Y 3.843.98 1.00
Return / volatility, 1Y -0.655.14 1.02
Max drawdown, 5Y -90.1%-56.5% -25.4%
From 52-week high -61.0%-46.2% -1.8%
52-week high $53.71$2,335.00 $779.14
52-week low $13.31$175.53 $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.

MultipleBMNRSNDK
P/E now vs peer median -1.3xmedian 20.6x 16.1xmedian 32.0x
P/S now vs peer median 198.4xmedian 2.3x 9.1xmedian 2.8x
EV/EBITDA now vs peer median -1.3xmedian 15.4x 14.2xmedian 19.4x
P/FCF now vs peer median -41.2xmedian 16.4x 15.9xmedian 29.0x
P/B now vs peer median 1.0xmedian 1.9x 11.6xmedian 2.9x
PEG now vs peer median 0.01median 1.05 —median 1.13

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 monthsBMNRSNDK
Revenue $61.19M $20.25B
Gross profit $51.63M $14.47B
Operating income -$8.88B $12.39B
Net income -$8.75B $11.43B
Free cash flow -$294.56M $11.49B
R&D – $1.33B
EPS (diluted) $-19.76 $73.76
Cash & equivalents $340.29M $4.76B
Shares (diluted) 443.95M 155.00M
Enterprise value $9.03B $179.77B

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
MetricBMNRSNDK
P/E -1.3x 16.1x
P/FCF -41.2x 15.9x
P/Operating cash flow -41.4x 15.7x
P/S 198.4x 9.1x
P/B 1.0x 11.6x
P/Tangible book 16.7x 11.6x
EV/EBITDA -1.3x 14.2x
EV/EBIT -1.3x 14.4x
EV/Revenue 192.9x 8.8x
EV/FCF -40.1x 15.5x
EV/Operating cash flow -40.3x 15.3x
PEG (3Y EPS CAGR) 0.01 –

Growth

14 metrics
MetricBMNRSNDK
Revenue growth (1Y) 1,022% 175.3%
Revenue CAGR (3Y) 409.8% –
Gross profit growth (1Y) 4,925% 554.2%
Gross profit CAGR (3Y) 915.3% –
Operating income growth (1Y) -303,259% 999.7%
Operating income CAGR (3Y) -1,575% –
Net income growth (1Y) -245,329% 796.7%
Net income CAGR (3Y) -1,536% –
EPS growth (1Y) -507.2% 751.8%
EPS CAGR (3Y) -189.0% –
Operating cash flow growth (1Y) -18,616% 13,794%
Operating cash flow CAGR (3Y) -465.8% –
Free cash flow growth (1Y) -18,922% 9,678%
Free cash flow CAGR (3Y) -369.4% –

Profitability

14 metrics
MetricBMNRSNDK
Gross margin 84.4% 71.5%
EBITDA margin -14,504% 62.0%
Operating margin -14,505% 61.2%
Pretax margin -14,307% 64.3%
Net margin -14,334% 56.5%
FCF margin -481.4% 56.8%
Operating cash flow margin -479.0% 57.6%
Return on equity -81.6% 77.5%
Return on assets -81.3% 57.8%
Return on invested capital – 73.7%
Return on capital employed -82.6% 87.2%
Asset turnover 0.0x 1.0x
Cash conversion (OCF / net income) 0.0x 1.0x
Stock comp / revenue 24.6% 1.1%

Financial Health

11 metrics
MetricBMNRSNDK
Debt / assets – –
Debt / equity – –
Net debt / EBITDA – –
Debt / FCF – –
Liabilities / assets 0.3% 30.1%
Equity / assets 99.7% 69.9%
Interest coverage – 169.7x
Current ratio 36.7x 2.3x
Quick ratio 28.0x 12.2x
Cash ratio 28.0x 0.9x
Altman Z-score 238.32 19.94

Shareholder Returns

7 metrics
MetricBMNRSNDK
Dividend yield 0.0% –
Net buyback yield -102.7% 0.0%
Shareholder yield -102.6% 0.0%
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.

ConsensusBMNRSNDK
Forward P/E – 6.1xFY2027
EPS, next fiscal year $-22.41FY2026 $204.34FY2027
EPS growth, next FY -267.4%FY2026 +188.3%FY2027
EPS growth, the year after – +35.4%
Revenue, next fiscal year $127.50MFY2026 $50.54BFY2027
Revenue growth, next FY +1,990.2%FY2026 +149.6%FY2027
Revenue growth, the year after +380.0% +9.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersBMNRSNDK
Held by institutions 42.5% 74.3%
Institutions holding 438 1,816
Change in shares held, QoQ +24.4% -1.9%
Institutions buying 276 1,269
Institutions selling 93 457
Buyers to sellers 2.97 2.78

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.

BMNRSNDK
BMNR 1.00 0.27
SNDK 0.27 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, BMNR and SNDK?

Sandisk (SNDK) is the largest by market capitalisation: Bitmine Immersion Technologies (BMNR) $11.65B, Sandisk (SNDK) $191.25B.

Which company is growing faster?

Bitmine Immersion Technologies (BMNR) grew revenue fastest over the trailing twelve months: Bitmine Immersion Technologies (BMNR) +1,022.4%, Sandisk (SNDK) +175.3%.

Which company is more profitable?

Sandisk (SNDK) has the highest net margin (Bitmine Immersion Technologies (BMNR) -14,334.2%, Sandisk (SNDK) 56.5%).

Which stock has performed better?

Over the past year Sandisk (SNDK) returned the most: Bitmine Immersion Technologies (BMNR) -58.4%, Sandisk (SNDK) +574.5%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Bitmine Immersion Technologies (BMNR) has been the steadiest (Bitmine Immersion Technologies (BMNR) 89.7%, Sandisk (SNDK) 111.7%). Volatility measures how widely the price swings, not the risk of the business.

Do BMNR and SNDK move together?

Their daily returns over the past year have a correlation of 0.27, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, BMNR and SNDK?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Sandisk (SNDK) leads on 4. 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.