American Bitcoin's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of American Bitcoin (ABTC) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: American Bitcoin vs Its Competitors
- TTM: Trailing 12-month revenue of 272M vs 3M combined for tracked competitors (99.0% combined share).
- Trending: Latest-quarter revenue run-rate is holding steady (-1.3% annualized vs trailing 12 months), vs accelerating (+85.0%) for its tracked peer group.
- Growth: American Bitcoin generated 121.3% revenue growth year over year in Q2 2026, vs 154.5% for its tracked competitors combined.
- Profitability: Its -85.3% net margin compares with 33.8% for the peer group.
- Scale: American Bitcoin ranks #79 of 117 companies by market capitalization in the Miscellaneous Financial Services industry, holding 0.0% of industry market cap.
- Peer revenue share: American Bitcoin accounted for 98.1% of combined revenue among its tracked peer group, down from 98.4% a year earlier.
- Peer differentiation: Revenue per employee of $135.84M compares with $1.39M for the peer group (97.4x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
ABTC Sales vs. its Competitors, Q2 2026
American Bitcoin reported revenue growth of 121.28 % year on year in Q2 2026, below its competitors' combined revenue growth of 154.50 %.
With a net margin of -85.28 %, American Bitcoin reported lower profitability than its competitors (33.77 %).
American Bitcoin generated 98.11 % of the combined sales of its peer group, down from 98.35 % a year earlier.
American Bitcoin vs. its Competitors, Q2 2026
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in an SEC filing; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across American Bitcoin and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| American Bitcoin Corp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (2) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (7) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (3) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across American Bitcoin's competitor groups requires a Commercial License.
For context: the Miscellaneous Financial Services industry grew revenue 293.3% year over year, combined, vs 121.3% for American Bitcoin. American Bitcoin's share of combined industry revenue moved from 0.04% to 0.02%, a loss of 0.02 percentage points.
American Bitcoin's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| American Bitcoin Corp | No | Yes | Yes | - |
| Competitors combined (1) | ||||
| High-Confidence Competitors (5) | ||||
| Similar-Size Competitors (9) | ||||
| Similar Growth & Profitability (8) | 75.00 % (6 of 8) | 100.00 % (8 of 8) | 100.00 % (8 of 8) | 0.00 % (0 of 7) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
ABTC Stock Performance relative to its Competitors
ABTC Stock Performance relative to High-Confidence Competitors
ABTC Stock Performance relative to Similar-Size Competitors
ABTC Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Power Reit | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for American Bitcoin's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
American Bitcoin's Comment on Competition and Industry Peers
Publicly Traded Peers of American Bitcoin Corp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| American Bitcoin Corp | 631.95 | 271.67 |
| Power Reit | 2.53 | 2.79 |
| SUBTOTAL | 634.48 | 274.46 |
Sources: American Bitcoin Corp's official press releases and regulatory filings; CSIMarket.com's market research; and the financial filings and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on American Bitcoin Corp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
American Bitcoin's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Cannabis 365 | Named by the company | 85% |
| Greenbits | Named by the company | 85% |
| Jane | Named by the company | 85% |
| New Frontier | Named by the company | 85% |
| Trellis Solutions | Named by the company | 85% |
| Acumatica | Named by the company | 85% |
| Bitfarms Ltd. | Named by the company | 85% |
| Dutchie | Named by the company | 85% |
| Hive Blockchain Technologies Ltd. | Named by the company | 85% |
| Medicine Man | Named by the company | 85% |
| TILT Holdings | Named by the company | 85% |
| BioTrackTHC | Named by the company | 85% |
| Cova Cannabis | Named by the company | 85% |
| Guardian | Named by the company | 85% |
| Kind Financial | Named by the company | 85% |
| Nextec | Named by the company | 85% |
| Ample Organics | Named by the company | 85% |
| Canna Advisors | Named by the company | 85% |
| Flowhub | Named by the company | 85% |
| Hut 8 Mining Corp. | Named by the company | 85% |
| Metrc | Named by the company | 85% |
| Treez | Named by the company | 85% |
| 3 C | Named by the company | 85% |
| BitDigital | Named by the company | 85% |
| Denver Relief | Named by the company | 85% |
| Headset | Named by the company | 85% |
| Marathon Digital Holdings Inc. | Named by the company | 85% |
| Riot Blockchain Inc. | Named by the company | 85% |
| Guardian | Named by the company | 85% |
| BDS Analytics | Named by the company | 85% |
| Power Reit | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for American Bitcoin's named competitors require a Commercial License.
Methodology: relationships are extracted from SEC filings (named-competitor disclosures) and corroborating sources. Named by the company = explicitly disclosed as a competitor; Inferred = derived from corroborating signals. Confidence reflects evidence strength.
American Bitcoin's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| American Bitcoin Corp | 632 | 135,837,000 | -183,104,000 |
| Power Reit | 3 | 1,394,696 | -780,303 |
| PEERS TOTAL | 3 | 1,394,696 | -780,303 |
American Bitcoin's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent filing. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| American Bitcoin Corp | US 100.00 % |
Source: revenue geography as reported in each company's SEC filings (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
American Bitcoin's Position in Industry Market Structure
Market-capitalization share and concentration across all 103 companies in American Bitcoin's industry classification, broader than the peer set above. Market cap in millions of $.American Bitcoin ranks #79 of 103 companies by market capitalization in its industry, holding 0.01 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,294, indicating a unconcentrated market structure (U.S. antitrust guidance: below 1,500 unconcentrated, 1,500 to 2,500 moderately concentrated, above 2,500 highly concentrated).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | American Express Company | 207,244 | 31.55 % |
| 2 | Nu Holdings Ltd | 61,219 | 9.32 % |
| 3 | Coinbase Global Inc | 51,945 | 7.91 % |
| 4 | Eason Technology Limited | 38,113 | 5.80 % |
| 5 | Strategy Inc | 1,234 | 5.2% |
| 6 | Federal National Mortgage Association Fannie Mae | 1,234 | 5.2% |
| 7 | Synchrony Financial | 1,234 | 5.2% |
| 8 | Circle Internet Group Inc | 1,234 | 5.2% |
| 9 | Sofi Technologies Inc | 1,234 | 5.2% |
| 10 | Bitmine Immersion Technologies Inc | 1,234 | 5.2% |
| 79 | American Bitcoin Corp | 51 | 0.01 % |
Market cap and industry share for the rest of American Bitcoin's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-06-26.
American Bitcoin's Same-Size Peers & Stock Performance
Peers chosen by closeness in market-cap rank within the same industry classification (not the named-competitor list above). Trailing 12-month total return, 3-month price momentum, beta and Sharpe ratio vs the broad U.S. market.| Rank | Company | Market Cap | TTM Return |
|---|---|---|---|
| 74 | The Marygold Companies Inc | 89 | 97.79 % |
| 75 | Amber International Holding Limited | 83 | -50.36 % |
| 76 | Exodus Movement Inc | 82 | -72.98 % |
| 77 | Jiayin Group Inc | 78 | -86.10 % |
| 78 | Btcs Inc | 1,234 | 12.3% |
| 79 | American Bitcoin Corp | 51 | -82.51 % |
| 80 | Fg Nexus Inc | 1,234 | 12.3% |
| 81 | Sol Strategies inc | 1,234 | 12.3% |
| 82 | Aixcrypto Holdings Inc | 1,234 | 12.3% |
| 83 | Big Digital Energy Inc | 1,234 | 12.3% |
| 84 | Fold Holdings Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of American Bitcoin's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-28. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
American Bitcoin's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Miscellaneous Financial Services industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (80 companies).| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 53.70 % | 53.42 % (avg) | +0.3 pp |
| Operating Margin | -102.52 % | industry median | -102.1 pp |
| EBITDA Margin | -25.75 % | 2.15 % (avg) | -27.9 pp |
| Capital Intensity (Capex / Revenue) | 0.00 % | 4.86 % (avg) | -4.9 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
American Bitcoin's Valuation vs Competitive Position
Valuation multiples vs the Miscellaneous Financial Services industry average (80 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 18.8x | - |
| EV / EBITDA | - | 15.3x | - |
| P/B | 0.0x | 3.1x | -3.0x |
| Return on Equity | -65.31 % | industry aggregate | -69.22 % |
| Return on Invested Capital | -15.74 % | 0.51 % (avg) | -16.25 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
American Bitcoin's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in SEC filings.| Metric | 2021 | 2022 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | - | - | 81.28 % | 449.04 % |
| Operating Margin | - | 1.16 % | -79.03 % | -145.91 % |
| Return on Invested Capital | - | -142.07 % | 90.73 % | -26.28 % |
| P/E | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
American Bitcoin's Strategic Group Map
Every company in American Bitcoin's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. American Bitcoin is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
American Bitcoin's BCG Growth-Share Matrix
Relative market share (vs American Bitcoin's largest competitor by market cap) against industry revenue growth, using the standard textbook thresholds (1.0x share, 10% growth) a common framework, not a precision instrument.
American Bitcoin falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 3.4% (median, trailing 12 months).
Source: CSIMarket API (market-cap share and industry revenue growth). The 10% growth and 1.0x share lines are standard textbook thresholds, not derived from this industry's own distribution.
American Bitcoin's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Competitive Rivalry | High | Industry HHI of 1,294 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.00 % vs industry average 4.86 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See American Bitcoin's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See American Bitcoin's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
American Bitcoin's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
American Bitcoin falls in the Low attractiveness / Medium strength cell: Harvest.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
American Bitcoin's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
No rule matched.
Weaknesses
- Operating margin 102.1 points below the industry median.
- Return on equity 69.2 points below the industry aggregate.
- Underperforming the U.S.A. 500 over the trailing 12 months.
- Low relative market share vs the industry leader (0.00x).
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
American Bitcoin's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| American Bitcoin Corp | 0.10 | 0.15 | - |
| Power Reit | 1.98 | 1.98 | 3.96 |
Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
American Bitcoin's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| American Bitcoin Corp | Q2 2026 | +121.3 % | - |
| Power Reit | Q2 2026 | +154.5 % | +35.7 % |
| PEERS TOTAL | +121.8 % | - |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
American Bitcoin's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| American Bitcoin Corp | Q2 2026 | +121.7 % | - |
| Power Reit | Q2 2026 | - | - |
American Bitcoin's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| American Bitcoin Corp | - | - | - |
| Power Reit | - | - | - |
ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
American Bitcoin's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| American Bitcoin Corp | - | 2.33 |
| Power Reit | - | 0.91 |
| PEERS AVERAGE | - | 2.31 |
P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.