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 its 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 competitors combined.
- Profitability: Its -85.3% net margin compares with 33.8% for the peer group.
- Scale: American Bitcoin ranks #75 of 116 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.
API endpoints for this dataset
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 American Bitcoin reports; 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 (10) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (6) | $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 354.9% 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
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| American Bitcoin Corp | - | Yes | Yes | No |
| Competitors combined (1) | ||||
| High-Confidence Competitors (20) | ||||
| Similar-Size Competitors (9) |
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
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 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 |
378.88 | 271.67 |
 Power Reit |
2.52 | 2.79 |
| SUBTOTAL | 381.40 | 274.46 |
Sources: see Methodology: Peer & Competitor Identification, Sourcing.
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 American Bitcoin reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Bitfarms Ltd. | Company report | 85% |
| Hive Blockchain Technologies Ltd. | Company report | 85% |
| Marathon Digital Holdings Inc. | Company report | 85% |
| Riot Blockchain Inc. | Company report | 85% |
| BitDigital | Company report | 85% |
| Dutchie | Company report | 85% |
| Metrc | Company report | 85% |
| Treez | Company report | 85% |
| BioTrackTHC | Company report | 85% |
| Cova Cannabis | Company report | 85% |
| Canna Advisors | Company report | 85% |
| Flowhub | Company report | 85% |
| Jane | Company report | 85% |
| New Frontier | Company report | 85% |
| 3 C | Company report | 85% |
| Headset | Company report | 85% |
| TILT Holdings | Company report | 85% |
| BDS Analytics | Company report | 85% |
| Nextec | Company report | 85% |
| Acumatica | Company report | 85% |
| Guardian | Company report | 85% |
| Guardian | Company report | 85% |
| Ample Organics | Company report | 85% |
| Trellis Solutions | Company report | 85% |
| Denver Relief | Company report | 85% |
| Medicine Man | Company report | 85% |
| Cannabis 365 | Company report | 85% |
| Greenbits | Company report | 85% |
| Kind Financial | Company report | 85% |
| Hive Digital Technologies Ltd | Company report | 85% |
| TZUP | Company report | 85% |
| Cipher Digital Inc | Company report | 85% |
| Sos Limited | Company report | 85% |
| Hyperscale Data Inc | Company report | 85% |
| Sharonai Holdings Inc | Company report | 85% |
| Core Scientific Inc | Company report | 85% |
| T-REX Acquisition Corp. | Company report | 85% |
| Soluna Holdings Inc | Company report | 85% |
| Datacentrex Inc | Company report | 85% |
| Bitdeer Technologies Group | Company report | 85% |
| Stronghold Digital Mining Inc | Company report | 85% |
| Mara Holdings Inc | Company report | 85% |
| Bit Digital Inc | Company report | 85% |
| Terawulf Inc | Company report | 85% |
| MIGI | Company report | 85% |
| Big Digital Energy Inc | Company report | 85% |
| Power Reit | Company report | 85% |
Company report basis, confidence, active dates and source counts for American Bitcoin's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
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 | 379 | 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 report. 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 reports (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 99 companies in American Bitcoin's industry classification, broader than the peer set above. Market cap in millions of $.American Bitcoin ranks #75 of 99 companies by market capitalization in its industry, holding 0.01 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,602, indicating a moderately concentrated market structure (see Methodology: Market Structure & Concentration).
| Rank | Company | Market Cap | Industry Share |
|---|---|---|---|
| 1 | American Express Company | 220,206 | 36.32 % |
| 2 | Nu Holdings Ltd | 60,655 | 10.00 % |
| 3 | Strategy Inc | 44,275 | 7.30 % |
| 4 | Coinbase Global Inc | 35,850 | 5.91 % |
| 5 | Federal National Mortgage Association Fannie Mae | 1,234 | 5.2% |
| 6 | Synchrony Financial | 1,234 | 5.2% |
| 7 | Sofi Technologies Inc | 1,234 | 5.2% |
| 8 | Eason Technology Limited | 1,234 | 5.2% |
| 9 | Circle Internet Group Inc | 1,234 | 5.2% |
| 10 | Federal Home Loan Mortgage Corporation | 1,234 | 5.2% |
| 75 | 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 |
|---|---|---|---|
| 70 | The Marygold Companies Inc | 85 | 94.09 % |
| 71 | Jiayin Group Inc | 78 | -84.01 % |
| 72 | Sui Group Holdings Limited | 77 | -61.69 % |
| 73 | Soluna Holdings Inc | 71 | -83.04 % |
| 74 | Yiren Digital Ltd | 1,234 | 12.3% |
| 76 | Btcs Inc | 1,234 | 12.3% |
| 77 | Exodus Movement Inc | 1,234 | 12.3% |
| 78 | Mega Matrix Corp | 1,234 | 12.3% |
| 79 | Beneficient | 1,234 | 12.3% |
| 80 | Sol Strategies 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 2026-11-09. 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 (127 companies). See the full Miscellaneous Financial Services industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 53.15 % | 39.33 % (avg) | +13.8 pp |
| Operating Margin | - | industry median | - |
| EBITDA Margin | -33.79 % | 7.22 % (avg) | -41.0 pp |
| Capital Intensity (Capex / Revenue) | 0.21 % | 5.13 % (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 (127 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. See the full Miscellaneous Financial Services industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 19.3x | - |
| EV / EBITDA | - | 13.4x | - |
| P/B | 0.1x | 2.9x | -2.7x |
| Return on Equity | -56.16 % | industry aggregate | -54.90 % |
| Return on Invested Capital | -15.66 % | -4.39 % (avg) | -11.27 % |
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 company reports.| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue Growth | - | - | 161.91 % | 81.28 % | 500.00 % |
| Operating Margin | - | 1.16 % | 38.19 % | -79.03 % | - |
| Return on Invested Capital | - | -142.07 % | 2.27 % | -1.48 % | -20.04 % |
| 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 BCG Growth-Share Matrix
See Methodology: BCG Growth-Share Matrix for how relative share and growth are calculated and thresholded.
American Bitcoin falls in the Dog quadrant: relative market share of 0.00x vs its largest competitor, in an industry growing revenue 2.8% (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. A caveat worth reading alongside this chart: American Express Company alone holds 36% of this industry's market cap. In an industry this dominated by one leader, the framework will place nearly every OTHER company in "Dog" or "Question Mark" purely because relative share is measured against that leader, regardless of how strong those other companies actually are on their own fundamentals. Check the Profitability, Valuation and Financial Strength sections above before treating this quadrant label as a verdict.
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 | Moderate | Industry HHI of 1,602 (see Industry Market Structure & Concentration above) |
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.21 % vs industry average 5.13 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on American Bitcoin's dedicated Suppliers and Customers pages, not here.
American Bitcoin's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
American Bitcoin falls in the Low attractiveness / Low strength cell: Harvest / Divest.
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
- Return on equity 54.9 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
- Industry dominated by American Express Company, holding 36.32 % of industry market cap.
Methodology: see Methodology: SWOT Analysis.
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 | - | 1.39 |
| Power Reit | - | 0.90 |
| PEERS AVERAGE | - | 1.39 |
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.