CIRCLE INTERNET GROUP, INC. vs Nu Holdings Ltd., two Mortgage Finance stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Nu earns 25.8% on equity banking Latin America's underbanked; Circle earns negative 2.3% minting the digital dollar, and the return gap is a maturity gap: Nu crossed to franchise economics years ago, a 17.1% net margin at 32 times earnings, while Circle's reserves-interest model is still finding its bottom line. The market weighs $63B of Nu against $20B of Circle, both debt-free, both effectively new institutions built on smartphones. The pair prices two frontier-finance theses at different chapters: one already compounding customers into profit, the other holding a possibly-priceless position that has yet to print its first meaningful earnings year.
Comparison updated 2026-07-10.
| Metric | CRCL | NU |
|---|---|---|
| Price | $73.52 | $13.15 |
| Market cap | $19.6B | $63.0B |
| Sector | Financial Services | Financial Services |
| Stage | Growth | Growth |
| P/E | — | 32.0 |
| P/B | 5.72 | 8.24 |
| P/S | 6.85 | 5.47 |
| EV/EBITDA | 52.9 | — |
| Revenue growth | +46.3% | +105.9% |
| Gross margin | — | 45.6% |
| Operating margin | 6.5% | — |
| Net margin | -2.8% | 17.1% |
| Return on equity | -2.3% | 25.8% |
| Return on assets | -0.1% | 4.0% |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 1.03 | — |
| Altman Z (solvency) | 0.21 | 1.12 |
| Piotroski F (quality) | 5 / 9 | 9 / 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.