Clear leader
20 companies value 31 bn revenue 83 bn margin -0.5% free cash flow -1.7 bn avg. score 1.8
CRCL holds 66.1% of the group's value, 3.4x the runner-up
| Rank | Ticker | Company | Share | Value | Revenue | Margin | FCF | 5 years | FCF/px | Yield | What it does · why it is here |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | CRCL | Circle Internet Group United States · score 7.0 | 66% | 21 bn | 2.9 bn | 15.5% | 0.8 bn | 3.7% | — | USDC stablecoin and payments infrastructure · Issuer of USDC, the world's 2nd largest stablecoin | |
| 2 | GLXY | Galaxy Digital United States · score 0.0 | 20% | 6.1 bn | 57 bn | -0.5% | -1.9 bn | -30.8% | — | Financial services and infrastructure for digital assets · Trading desk, custody and data centers for crypto and AI | |
| 3 | SECZ | Securitize Corp. United States · score 5.0 | 5% | 1.5 bn | — | — | — | — | — | — | Issuance and recordkeeping of securities on blockchain · Florida |
| 4 | BTGO | BITGO HOLDINGS, INC. United States · score 5.0 | 2% | 0.7 bn | 20 bn | — | — | — | — | — | Digital asset infrastructure for institutional clients · South Dakota — revenue of $19.9bn |
| 5 | CSHR | CoinShares PLC Jersey · score 6.8 | 2% | 0.5 bn | 0.1 bn | 9.3% | 0.1 bn | 24.4% | — | Digital asset management for institutional investors · Jersey — revenue of $137m | |
| 6 | OWLS | OBOOK HOLDINGS INC. Taiwan · score 0.0 | 1% | 0.4 bn | 0.0 bn | -405.3% | -0.0 bn | -3.1% | — | Cross-border stablecoin payments (OwlPay), hotel software and e-commerce, from Taiwan · Taiwan — revenue of $8m | |
| 7 | MFI | mF International Ltd Hong Kong · score 0.6 | 1% | 0.4 bn | 0.0 bn | -66x | 0.0 bn | -1.3% | — | Trading software in Hong Kong, with plans for Bitcoin Cash mining and crypto life insurance · Hong Kong — revenue of $4m | |
| 8 | BKKT | Bakkt, Inc. United States · score 0.0 | 1% | 0.2 bn | 2.3 bn | -1.3% | -0.1 bn | -34.4% | — | Financial infrastructure for institutional digital assets · Georgia — revenue of $2.3bn | |
| 9 | AMBR | Amber International Holding Ltd Singapore · score 0.1 | 1% | 0.2 bn | 0.1 bn | -2.2% | -0.0 bn | -11.4% | — | Digital asset management for institutional investors · Singapore — revenue of $57m | |
| 10 | DEFT | Defi Technologies, Inc. Canada · score 1.9 | 1% | 0.2 bn | 0.1 bn | 38.5% | -0.1 bn | -50.8% | — | Digital asset management and Web3 infrastructure, from Canada · Canada — revenue of $61m | |
| 11 | DVLT | Datavault AI Inc. United States · score 0.0 | 0% | 0.1 bn | 0.1 bn | -370.2% | -0.1 bn | -74.2% | — | Real-world asset tokenization and AI data monetization, successor to a wireless audio maker · Oregon — revenue of $47m | |
| 12 | MATH | Metalpha Technology Holding Ltd China · score 1.6 | 0% | 0.1 bn | 0.0 bn | 3.5% | -0.0 bn | -29.0% | — | Derivatives and digital asset management · China — revenue of $37m | |
| 13 | BTCS | BTCS Inc. United States · score 0.4 | 0% | 0.1 bn | 0.0 bn | -746.2% | -0.0 bn | -13.7% | 4.7% | Blockchain infrastructure and decentralized finance on Ethereum · Pennsylvania — revenue of $17m | |
| 14 | ANTA | Antalpha Platform Holding Co Singapore · score 2.5 | 0% | 0.0 bn | 0.1 bn | 30.7% | 0.0 bn | -8.5% | — | Lending and financial services for bitcoin mining · Singapore — revenue of $80m | |
| 15 | FRMM | FORUM MARKETS Inc United States · score 0.7 | 0% | 0.0 bn | 0.0 bn | — | -0.3 bn | -686.8% | — | Financial technology for real-world assets on blockchain · Florida — revenue of $7m | |
| 16 | PDC | Perpetuals.com Ltd Japan · score 0.0 | 0% | 0.0 bn | 0.0 bn | -11x | 0.0 bn | -19.2% | — | Tokenization of real-world assets · Japan — revenue of $2m | |
| 17 | STEX | Streamex Corp. United States · score 1.3 | 0% | 0.0 bn | — | — | -0.0 bn | -69.4% | — | Commodity tokenization and trading · Florida | |
| 18 | FFR | FF EAI Robotics Ecosystem Inc. United States · score 1.6 | 0% | 0.0 bn | — | — | -0.0 bn | -56.2% | — | Infrastructure bridging AI and blockchain; set to absorb Faraday Future's humanoid-robot business · California | |
| 19 | HODO | House of Doge Inc. United States · score 0.0 | 0% | 0.0 bn | — | — | -0.0 bn | -91.9% | — | Marketing and games tied to the Dogecoin brand · Florida | |
| 20 | OPNW | OpenWorld, Inc. United States · score 1.5 | — | — | 0.0 bn | -47.1% | 0.0 bn | — | — | Tokenization of real-world assets (solar power, AI computing); formerly VerifyMe, a perishables logistics firm · Florida — revenue of $11m |
Other industries in the same sector
- Sector overview
- Global banks (US) 4 companies
- Payments 7 companies
- International banks 22 companies
- Diversified holding companies 36 companies
- Continental European banks 5 companies
- Asian banks 6 companies
- Investment banks 13 companies
- Exchanges and financial data 12 companies
- Property and casualty insurance 27 companies
- Life insurance and annuities 24 companies
- Alternative assets and private equity 21 companies
- Traditional asset management 22 companies
and 31 industries more
- Insurance brokerage 27 companies
- Regional banks — US South 94 companies
- Regional banks — US Midwest 64 companies
- Brokerage and custody 16 companies
- Regional banks — US Northeast 75 companies
- UK banks 3 companies
- Indian banks 2 companies
- Payments infrastructure and fintech 26 companies
- Consumer credit and cards 18 companies
- Specialty insurance 29 companies
- Listed infrastructure 5 companies
- Custody and asset servicing 3 companies
- Digital and crypto brokerages 14 companies
- Digital banks 8 companies
- Regional banks — US West 50 companies
- Reinsurance 8 companies
- Crypto treasuries 50 companies
- Consumer lending fintech 22 companies
- BDCs (private credit) 50 companies
- Mortgage REITs (mREITs) 40 companies
- Crypto mining 34 companies
- Mortgage origination 11 companies
- Electronic trading platforms 3 companies
- Boutique investment banks 11 companies
- Title insurance 5 companies
- Cross-border remittances 5 companies
- Auto finance 4 companies
- Latin American fintech 3 companies
- Government-backed mortgage finance 3 companies
- Insurtech 4 companies
- Financial services (diversified) 3 companies
What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.
The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.
The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.