WallStSmart

Bitcoin Depot Inc. (BTM)vsTradeweb Markets Inc (TW)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Tradeweb Markets Inc generates 233% more annual revenue ($2.05B vs $614.85M). TW leads profitability with a 39.6% profit margin vs -1.0%. TW earns a higher WallStSmart Score of 67/100 (B-).

BTM

Hold

43

out of 100

Grade: D

Growth: 3.3Profit: 6.0Value: 5.0Quality: 6.0
Piotroski: 5/9Altman Z: 8.50

TW

Strong Buy

67

out of 100

Grade: B-

Growth: 8.0Profit: 8.5Value: 7.3Quality: 7.8
Piotroski: 5/9Altman Z: 5.64
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for BTM.

TWUndervalued (+34.8%)

Margin of Safety

+34.8%

Fair Value

$176.44

Current Price

$119.95

$56.49 discount

UndervaluedFair: $176.44Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BTM3 strengths · Avg: 10.0/10
Price/BookValuation
1.1x10/10

Reasonable price relative to book value

Return on EquityProfitability
53.8%10/10

Every $100 of equity generates 54 in profit

Altman Z-ScoreHealth
8.5010/10

Safe zone — low bankruptcy risk

TW4 strengths · Avg: 10.0/10
Profit MarginProfitability
39.6%10/10

Keeps 40 of every $100 in revenue as profit

Operating MarginProfitability
42.4%10/10

Strong operational efficiency at 42.4%

EPS GrowthGrowth
128.8%10/10

Earnings expanding 128.8% YoY

Altman Z-ScoreHealth
5.6410/10

Safe zone — low bankruptcy risk

Areas to Watch

BTM4 concerns · Avg: 1.8/10
Market CapQuality
$32.69M3/10

Smaller company, higher risk/reward

Revenue GrowthGrowth
-15.2%2/10

Revenue declined 15.2%

Profit MarginProfitability
-1.0%1/10

Currently unprofitable

Operating MarginProfitability
-3.5%1/10

Operating margin of -3.5%

TW2 concerns · Avg: 3.0/10
P/E RatioValuation
32.7x4/10

Premium valuation, high expectations priced in

PEG RatioValuation
2.972/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : BTM

The strongest argument for BTM centers on Price/Book, Return on Equity, Altman Z-Score.

Bull Case : TW

The strongest argument for TW centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 39.6% and operating margin at 42.4%. Revenue growth of 12.5% demonstrates continued momentum.

Bear Case : BTM

The primary concerns for BTM are Market Cap, Revenue Growth, Profit Margin. Debt-to-equity of 3.89 is elevated, increasing financial risk.

Bear Case : TW

The primary concerns for TW are P/E Ratio, PEG Ratio.

Key Dynamics to Monitor

BTM profiles as a turnaround stock while TW is a mature play — different risk/reward profiles.

BTM carries more volatility with a beta of 0.95 — expect wider price swings.

TW is growing revenue faster at 12.5% — sustainability is the question.

TW generates stronger free cash flow (337M), providing more financial flexibility.

Bottom Line

TW scores higher overall (67/100 vs 43/100), backed by strong 39.6% margins and 12.5% revenue growth. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Bitcoin Depot Inc.

FINANCIAL SERVICES · CAPITAL MARKETS · USA

Bitcoin Depot Inc. owns and operates a network of cryptocurrency kiosks in North America. The company is headquartered in Atlanta, Georgia.

Tradeweb Markets Inc

FINANCIAL SERVICES · CAPITAL MARKETS · USA

Tradeweb Markets Inc. creates and operates electronic marketplaces in the Americas, Europe, the Middle East, Africa, Asia Pacific and internationally.

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