Fold Holdings Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Fold Holdings Inc (FLD) 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: Fold Holdings Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 10M vs 3,031M combined for tracked competitors (0.3% combined share).
- Scale: Fold Holdings Inc ranks #83 of 117 companies by market capitalization in the Miscellaneous Financial Services industry, holding 0.0% of industry market cap.
- Peer differentiation: Revenue per employee of $0.26M compares with $1.89M for the peer group (0.1x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
Fold Holdings Inc vs. its Competitors, Q2 2026
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 Fold Holdings Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Fold Holdings Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (4) | $12,345M | +12.3% · Accelerating |
| Similar-Size Competitors (6) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Fold Holdings Inc's competitor groups requires a Commercial License.
Fold Holdings Inc'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 |
|---|---|---|---|---|
| Fold Holdings Inc | - | - | - | Yes |
| Competitors combined (2) | ||||
| High-Confidence Competitors (6) | ||||
| 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.
FLD Stock Performance relative to its Competitors
FLD Stock Performance relative to High-Confidence Competitors
FLD Stock Performance relative to Similar-Size Competitors
Fold Holdings Inc's Comment on Competition and Industry Peers
Publicly Traded Peers of Fold Holdings Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Fold Holdings Inc | 27.59 | 10.46 |
| Equity Residential | 24,437.67 | 3,030.82 |
| Strategic Acquisitions Inc | 18.34 | 0.08 |
| SUBTOTAL | 24,483.60 | 3,041.36 |
Sources: Fold Holdings Inc'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 Fold Holdings Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Fold Holdings Inc's Competitors Named by the Company
Competitive relationships identified from SEC filings and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Discover | Named by the company | 85% |
| PayPal Holdings, Inc. | Named by the company | 85% |
| Block, Inc. | Named by the company | 85% |
| Gemini | Named by the company | 85% |
| Venmo | Named by the company | 85% |
| Discover Cash Back Debit Card | Named by the company | 85% |
| Payward, Inc. (d/b/a Kraken) | Named by the company | 85% |
| Coinbase Global, Inc. | Named by the company | 85% |
| Gemini Credit Card | Named by the company | 85% |
| Venmo Credit Card | Named by the company | 85% |
| Fidelity Crypto | Named by the company | 85% |
| Robinhood Markets, Inc. | Named by the company | 85% |
| Strategic Acquisitions Inc | Named by the company | 85% |
| Equity Residential | Named by the company | 85% |
Filing basis, confidence, active dates and source counts for Fold Holdings Inc'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.
Fold Holdings Inc'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 |
|---|---|---|---|
| Fold Holdings Inc | 28 | 261,540 | -1,776,834 |
| Equity Residential | 24,438 | 1,894,260 | 562,004 |
| Strategic Acquisitions Inc | 18 | 42,456 | -37,956 |
| PEERS TOTAL | 24,456 | 1,891,948 | 561,255 |
Fold Holdings Inc's Position in Industry Market Structure
Market-capitalization share and concentration across all 103 companies in Fold Holdings Inc's industry classification, broader than the peer set above. Market cap in millions of $.Fold Holdings Inc ranks #83 of 103 companies by market capitalization in its industry, holding 0.00 % of total industry market cap. The industry's Herfindahl-Hirschman Index (HHI) is 1,340, 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 | 206,484 | 32.25 % |
| 2 | Nu Holdings Ltd | 62,127 | 9.70 % |
| 3 | Coinbase Global Inc | 49,103 | 7.67 % |
| 4 | Eason Technology Limited | 37,872 | 5.91 % |
| 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% |
| 83 | Fold Holdings Inc | 28 | 0.00 % |
Market cap and industry share for the rest of Fold Holdings Inc's industry peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation) across CSIMarket's industry classification, market capitalization as of 2026-09-30.
Fold Holdings Inc'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 |
|---|---|---|---|
| 78 | Jiayin Group Inc | 73 | -86.54 % |
| 79 | American Bitcoin Corp | 51 | -82.51 % |
| 80 | Sol Strategies inc | 45 | - |
| 81 | Fg Nexus Inc | 38 | - |
| 82 | Big Digital Energy Inc | 1,234 | 12.3% |
| 83 | Fold Holdings Inc | 28 | -84.64 % |
| 84 | Orion Digital Corp | 1,234 | 12.3% |
| 85 | Atlasclear Holdings Inc | 1,234 | 12.3% |
| 86 | Pineapple Financial Inc | 1,234 | 12.3% |
| 87 | Canaan Inc | 1,234 | 12.3% |
| 88 | Aixcrypto Holdings Inc | 1,234 | 12.3% |
Market cap, return, momentum, beta and Sharpe ratio for the rest of Fold Holdings Inc's same-size peers requires a Commercial License.
Source: CSIMarket API (daily market-structure computation); returns and risk metrics as of 2026-09-30. Beta and Sharpe ratio are versus the broad U.S. equity market, not this industry.
Fold Holdings Inc'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. See the full Miscellaneous Financial Services industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 18.8x | - |
| EV / EBITDA | - | 15.3x | - |
| P/B | 0.7x | 3.1x | -2.4x |
| Return on Equity | -126.19 % | industry aggregate | -119.30 % |
| Return on Invested Capital | - | 0.32 % (avg) | - |
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.
Fold Holdings Inc'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 | - | - | - | - |
| Operating Margin | - | -49.10 % | - | -318.53 % |
| Return on Invested Capital | - | -0.72 % | -66.60 % | -18.69 % |
| 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.
Fold Holdings Inc's BCG Growth-Share Matrix
Relative market share (vs Fold Holdings Inc'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.
Fold Holdings Inc 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.
Fold Holdings Inc'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 1,340 (see Industry Market Structure & Concentration above) |
| Supplier Power | Not covered on this page | See Fold Holdings Inc's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Fold Holdings Inc'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.
Fold Holdings Inc'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.
Fold Holdings Inc 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.
Fold Holdings Inc'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 119.3 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).
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
- A meaningful share of tracked competitors (100.00 %) show financial-distress signals, a possible opening to gain share.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-9.4% annualized).
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.
Fold Holdings Inc'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 |
|---|---|---|---|
| Fold Holdings Inc | 0.63 | 1.12 | 0.30 |
| Equity Residential | 0.08 | 0.08 | 0.42 |
| Strategic Acquisitions Inc | 5.55 | 7.82 | - |
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.
Fold Holdings Inc'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 |
|---|---|---|---|
| Fold Holdings Inc | Q2 2026 | - | - |
| Equity Residential | Q2 2026 | -10.7 % | -40.8 % |
| Strategic Acquisitions Inc | Q2 2026 | - | - |
| PEERS TOTAL | -10.3 % | -48.2 % |
Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Fold Holdings Inc'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 |
|---|---|---|---|
| Fold Holdings Inc | Q2 2026 | - | +33.3 % |
| Equity Residential | Q2 2026 | +4.8 % | -80.8 % |
| Strategic Acquisitions Inc | Q2 2026 | - | - |
Fold Holdings Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Fold Holdings Inc | - | - | - |
| Equity Residential | 4.35% | 3.91% | 8.16% |
| Strategic Acquisitions Inc | - | - | - |
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).
Fold Holdings Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Fold Holdings Inc | - | 2.64 |
| Equity Residential | 27.68 | 8.06 |
| Strategic Acquisitions Inc | - | 215.96 |
| PEERS AVERAGE | 29.57 | 8.05 |
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.