CIRCLE INTERNET GROUP, INC. vs FinVolution Group, two Mortgage Finance stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
17.78 against nothing: FinVolution's multiple beside Circle's absent one frames the pair. FinVolution earns like a finished business, an 18.7% net margin and 10% return on assets matching Chinese borrowers to institutional lenders; Circle, the stablecoin issuer behind USDC, nets slightly negative while its $20B valuation prices the future of digital dollars rather than the trailing twelve months. Both are essentially debt-free. The market pays more than three FinVolutions for one Circle, which is a statement about jurisdiction and category: proven consumer credit in a distrusted market, or unproven monetary infrastructure in a beloved one. The income statements point one way, the valuations the other.
Comparison updated 2026-07-10.
| Metric | CRCL | FINV |
|---|---|---|
| Price | $73.52 | $4.80 |
| Market cap | $19.6B | $6.4B |
| Sector | Financial Services | Financial Services |
| Stage | Growth | Growth |
| P/E | — | 17.8 |
| P/B | 5.72 | 2.66 |
| P/S | 6.85 | 3.30 |
| EV/EBITDA | 52.9 | 613.1 |
| Revenue growth | +46.3% | +200.0% |
| Operating margin | 6.5% | — |
| Net margin | -2.8% | 18.7% |
| Return on equity | -2.3% | 15.1% |
| Return on assets | -0.1% | 10.0% |
| Debt / equity | 0.00 | 0.02 |
| Current ratio | 1.03 | — |
| Altman Z (solvency) | 0.21 | 4.33 |
| Piotroski F (quality) | 5 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.