BITCOIN DEPOT INC (BTM) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:BTM • US09174P1057

0.8735 USD
-0.1 (-9.9%)
At close: Feb 4, 2026
0.87 USD
0 (-0.4%)
Pre-Market: 2/5/2026, 8:20:39 AM
Fundamental Rating

6

BTM gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 80 industry peers in the Commercial Services & Supplies industry. BTM has an excellent profitability rating, but there are some minor concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on BTM. This makes BTM very considerable for value investing!


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • BTM had positive earnings in the past year.
  • In the past year BTM had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: BTM reported negative net income in multiple years.
  • In the past 5 years BTM always reported a positive cash flow from operatings.
BTM Yearly Net Income VS EBIT VS OCF VS FCFBTM Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 0 20M -20M 40M

1.2 Ratios

  • BTM's Return On Assets of 7.31% is fine compared to the rest of the industry. BTM outperforms 78.75% of its industry peers.
  • BTM has a Return On Equity of 49.42%. This is amongst the best in the industry. BTM outperforms 98.75% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 60.99%, BTM belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for BTM is significantly above the industry average of 10.58%.
  • The last Return On Invested Capital (60.99%) for BTM is well below the 3 year average (74.55%), which needs to be investigated, but indicates that BTM had better years and this may not be a problem.
Industry RankSector Rank
ROA 7.31%
ROE 49.42%
ROIC 60.99%
ROA(3y)-15.14%
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)74.55%
ROIC(5y)N/A
BTM Yearly ROA, ROE, ROICBTM Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 0 50 100 150

1.3 Margins

  • BTM has a Profit Margin (1.44%) which is in line with its industry peers.
  • BTM has a Operating Margin of 9.10%. This is in the better half of the industry: BTM outperforms 66.25% of its industry peers.
  • In the last couple of years the Operating Margin of BTM has grown nicely.
  • With a Gross Margin value of 19.43%, BTM is not doing good in the industry: 78.75% of the companies in the same industry are doing better.
  • BTM's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 9.1%
PM (TTM) 1.44%
GM 19.43%
OM growth 3Y6.04%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y11.73%
GM growth 5YN/A
BTM Yearly Profit, Operating, Gross MarginsBTM Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 5 10 15

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

6

2. Health

2.1 Basic Checks

  • BTM has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • Compared to 1 year ago, BTM has more shares outstanding
  • The debt/assets ratio for BTM is higher compared to a year ago.
BTM Yearly Shares OutstandingBTM Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 2024 5M 10M 15M 20M
BTM Yearly Total Debt VS Total AssetsBTM Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 2024 20M 40M 60M 80M 100M

2.2 Solvency

  • BTM has an Altman-Z score of 7.00. This indicates that BTM is financially healthy and has little risk of bankruptcy at the moment.
  • BTM has a better Altman-Z score (7.00) than 87.50% of its industry peers.
  • BTM has a debt to FCF ratio of 2.15. This is a good value and a sign of high solvency as BTM would need 2.15 years to pay back of all of its debts.
  • BTM has a Debt to FCF ratio of 2.15. This is in the better half of the industry: BTM outperforms 80.00% of its industry peers.
  • BTM has a Debt/Equity ratio of 3.25. This is a high value indicating a heavy dependency on external financing.
  • The Debt to Equity ratio of BTM (3.25) is worse than 85.00% of its industry peers.
  • Although BTM does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 3.25
Debt/FCF 2.15
Altman-Z 7
ROIC/WACC4.29
WACC14.2%
BTM Yearly LT Debt VS Equity VS FCFBTM Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 0 20M -20M 40M

2.3 Liquidity

  • A Current Ratio of 1.88 indicates that BTM should not have too much problems paying its short term obligations.
  • The Current ratio of BTM (1.88) is better than 66.25% of its industry peers.
  • BTM has a Quick Ratio of 1.88. This is a normal value and indicates that BTM is financially healthy and should not expect problems in meeting its short term obligations.
  • BTM has a Quick ratio of 1.88. This is in the better half of the industry: BTM outperforms 76.25% of its industry peers.
Industry RankSector Rank
Current Ratio 1.88
Quick Ratio 1.88
BTM Yearly Current Assets VS Current LiabilitesBTM Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 2024 10M 20M 30M 40M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 131.51% over the past year.
  • Looking at the last year, BTM shows a quite strong growth in Revenue. The Revenue has grown by 8.60% in the last year.
  • The Revenue has been growing slightly by 1.48% on average over the past years.
EPS 1Y (TTM)131.51%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%260%
Revenue 1Y (TTM)8.6%
Revenue growth 3Y1.48%
Revenue growth 5YN/A
Sales Q2Q%20.12%

3.2 Future

  • The Earnings Per Share is expected to grow by 47.15% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, BTM will show a decrease in Revenue. The Revenue will decrease by -1.12% on average per year.
EPS Next Y167.95%
EPS Next 2Y47.15%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.62%
Revenue Next 2Y-1.12%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
BTM Yearly Revenue VS EstimatesBTM Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2020 2021 2022 2023 2024 2025 2026 200M 400M 600M
BTM Yearly EPS VS EstimatesBTM Yearly EPS VS EstimatesYearly EPS VS Estimates 2023 2024 2025 2026 0 0.2 -0.2 -0.4

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Find the best growth stocksShow best growing peers

9

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 3.80 indicates a rather cheap valuation of BTM.
  • Based on the Price/Earnings ratio, BTM is valued cheaper than 97.50% of the companies in the same industry.
  • BTM's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.25.
  • A Price/Forward Earnings ratio of 9.61 indicates a reasonable valuation of BTM.
  • Based on the Price/Forward Earnings ratio, BTM is valued cheaply inside the industry as 90.00% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 27.50. BTM is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 3.8
Fwd PE 9.61
BTM Price Earnings VS Forward Price EarningsBTM Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • 98.75% of the companies in the same industry are more expensive than BTM, based on the Enterprise Value to EBITDA ratio.
  • BTM's Price/Free Cash Flow ratio is rather cheap when compared to the industry. BTM is cheaper than 98.75% of the companies in the same industry.
Industry RankSector Rank
P/FCF 1.96
EV/EBITDA 1.14
BTM Per share dataBTM EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • BTM's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • BTM has a very decent profitability rating, which may justify a higher PE ratio.
  • BTM's earnings are expected to grow with 47.15% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.02
PEG (5Y)N/A
EPS Next 2Y47.15%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • BTM does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

BITCOIN DEPOT INC

NASDAQ:BTM (2/4/2026, 8:06:28 PM)

Premarket: 0.87 0 (-0.4%)

0.8735

-0.1 (-9.9%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryCommercial Services & Supplies
Earnings (Last)11-13
Earnings (Next)03-09
Inst Owners36.27%
Inst Owner Change1.98%
Ins Owners3.23%
Ins Owner Change24.2%
Market Cap63.95M
Revenue(TTM)635.64M
Net Income(TTM)9.16M
Analysts77.14
Price Target4.01 (359.07%)
Short Float %5.62%
Short Ratio1.67
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-11.72%
Min EPS beat(2)-16.62%
Max EPS beat(2)-6.81%
EPS beat(4)1
Avg EPS beat(4)-210.26%
Min EPS beat(4)-931.68%
Max EPS beat(4)114.08%
EPS beat(8)1
Avg EPS beat(8)-472.9%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)3.38%
Min Revenue beat(2)0.06%
Max Revenue beat(2)6.7%
Revenue beat(4)4
Avg Revenue beat(4)4.25%
Min Revenue beat(4)0.06%
Max Revenue beat(4)7.2%
Revenue beat(8)6
Avg Revenue beat(8)2.41%
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-47.56%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-342.44%
EPS NY rev (1m)0%
EPS NY rev (3m)-11.9%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-20.67%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-2.65%
Valuation
Industry RankSector Rank
PE 3.8
Fwd PE 9.61
P/S 0.1
P/FCF 1.96
P/OCF 1.67
P/B 3.45
P/tB 7.41
EV/EBITDA 1.14
EPS(TTM)0.23
EY26.33%
EPS(NY)0.09
Fwd EY10.41%
FCF(TTM)0.45
FCFY50.99%
OCF(TTM)0.52
OCFY59.93%
SpS8.68
BVpS0.25
TBVpS0.12
PEG (NY)0.02
PEG (5Y)N/A
Graham Number1.14
Profitability
Industry RankSector Rank
ROA 7.31%
ROE 49.42%
ROCE 69.58%
ROIC 60.99%
ROICexc 212.37%
ROICexgc 362.89%
OM 9.1%
PM (TTM) 1.44%
GM 19.43%
FCFM 5.13%
ROA(3y)-15.14%
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)74.55%
ROIC(5y)N/A
ROICexc(3y)871.35%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)85.05%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y59.71%
ROICexc growth 5YN/A
OM growth 3Y6.04%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y11.73%
GM growth 5YN/A
F-Score7
Asset Turnover5.07
Health
Industry RankSector Rank
Debt/Equity 3.25
Debt/FCF 2.15
Debt/EBITDA 0.92
Cap/Depr 75.71%
Cap/Sales 0.9%
Interest Coverage 4.84
Cash Conversion 58.59%
Profit Quality 355.99%
Current Ratio 1.88
Quick Ratio 1.88
Altman-Z 7
F-Score7
WACC14.2%
ROIC/WACC4.29
Cap/Depr(3y)37.6%
Cap/Depr(5y)47.02%
Cap/Sales(3y)0.68%
Cap/Sales(5y)0.81%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)131.51%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%260%
EPS Next Y167.95%
EPS Next 2Y47.15%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)8.6%
Revenue growth 3Y1.48%
Revenue growth 5YN/A
Sales Q2Q%20.12%
Revenue Next Year7.62%
Revenue Next 2Y-1.12%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y126.7%
EBIT growth 3Y7.61%
EBIT growth 5YN/A
EBIT Next Year201.19%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-23.61%
FCF growth 3Y-8.41%
FCF growth 5YN/A
OCF growth 1Y-10.52%
OCF growth 3Y-1.07%
OCF growth 5YN/A

BITCOIN DEPOT INC / BTM FAQ

Can you provide the ChartMill fundamental rating for BITCOIN DEPOT INC?

ChartMill assigns a fundamental rating of 6 / 10 to BTM.


What is the valuation status for BTM stock?

ChartMill assigns a valuation rating of 9 / 10 to BITCOIN DEPOT INC (BTM). This can be considered as Undervalued.


Can you provide the profitability details for BITCOIN DEPOT INC?

BITCOIN DEPOT INC (BTM) has a profitability rating of 7 / 10.


Can you provide the PE and PB ratios for BTM stock?

The Price/Earnings (PE) ratio for BITCOIN DEPOT INC (BTM) is 3.8 and the Price/Book (PB) ratio is 3.45.


What is the financial health of BITCOIN DEPOT INC (BTM) stock?

The financial health rating of BITCOIN DEPOT INC (BTM) is 6 / 10.