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BTM vs. LQDT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between BTM and LQDT is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Performance

BTM vs. LQDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitcoin Depot Inc. (BTM) and Liquidity Services, Inc. (LQDT). The values are adjusted to include any dividend payments, if applicable.

-50.00%0.00%50.00%100.00%December2025FebruaryMarchAprilMay
-53.19%
54.61%
BTM
LQDT

Key characteristics

Sharpe Ratio

BTM:

-0.09

LQDT:

0.76

Sortino Ratio

BTM:

0.67

LQDT:

1.65

Omega Ratio

BTM:

1.08

LQDT:

1.22

Calmar Ratio

BTM:

-0.03

LQDT:

0.56

Martin Ratio

BTM:

-0.07

LQDT:

4.21

Ulcer Index

BTM:

33.00%

LQDT:

9.49%

Daily Std Dev

BTM:

89.29%

LQDT:

48.08%

Max Drawdown

BTM:

-76.50%

LQDT:

-95.31%

Current Drawdown

BTM:

-61.06%

LQDT:

-60.91%

Fundamentals

Market Cap

BTM:

$32.29M

LQDT:

$995.43M

EPS

BTM:

-$0.60

LQDT:

$0.75

PS Ratio

BTM:

0.06

LQDT:

2.40

PB Ratio

BTM:

0.00

LQDT:

5.26

Total Revenue (TTM)

BTM:

$571.99M

LQDT:

$322.87M

Gross Profit (TTM)

BTM:

$98.65M

LQDT:

$148.30M

EBITDA (TTM)

BTM:

$43.54M

LQDT:

$31.59M

Returns By Period

In the year-to-date period, BTM achieves a 4.32% return, which is significantly higher than LQDT's -21.00% return.


BTM

YTD

4.32%

1M

44.44%

6M

-2.87%

1Y

-7.65%

5Y*

N/A

10Y*

N/A

LQDT

YTD

-21.00%

1M

-16.42%

6M

3.61%

1Y

36.20%

5Y*

39.84%

10Y*

9.32%

*Annualized

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Risk-Adjusted Performance

BTM vs. LQDT — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTM
The Risk-Adjusted Performance Rank of BTM is 5252
Overall Rank
The Sharpe Ratio Rank of BTM is 4747
Sharpe Ratio Rank
The Sortino Ratio Rank of BTM is 5757
Sortino Ratio Rank
The Omega Ratio Rank of BTM is 5555
Omega Ratio Rank
The Calmar Ratio Rank of BTM is 4949
Calmar Ratio Rank
The Martin Ratio Rank of BTM is 5050
Martin Ratio Rank

LQDT
The Risk-Adjusted Performance Rank of LQDT is 7979
Overall Rank
The Sharpe Ratio Rank of LQDT is 7979
Sharpe Ratio Rank
The Sortino Ratio Rank of LQDT is 8080
Sortino Ratio Rank
The Omega Ratio Rank of LQDT is 7979
Omega Ratio Rank
The Calmar Ratio Rank of LQDT is 7575
Calmar Ratio Rank
The Martin Ratio Rank of LQDT is 8484
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BTM vs. LQDT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitcoin Depot Inc. (BTM) and Liquidity Services, Inc. (LQDT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


The current BTM Sharpe Ratio is -0.09, which is lower than the LQDT Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of BTM and LQDT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
-0.09
0.76
BTM
LQDT

Dividends

BTM vs. LQDT - Dividend Comparison

Neither BTM nor LQDT has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

BTM vs. LQDT - Drawdown Comparison

The maximum BTM drawdown since its inception was -76.50%, smaller than the maximum LQDT drawdown of -95.31%. Use the drawdown chart below to compare losses from any high point for BTM and LQDT. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%December2025FebruaryMarchAprilMay
-61.06%
-32.17%
BTM
LQDT

Volatility

BTM vs. LQDT - Volatility Comparison

Bitcoin Depot Inc. (BTM) has a higher volatility of 22.45% compared to Liquidity Services, Inc. (LQDT) at 16.21%. This indicates that BTM's price experiences larger fluctuations and is considered to be riskier than LQDT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%December2025FebruaryMarchAprilMay
22.45%
16.21%
BTM
LQDT

Financials

BTM vs. LQDT - Financials Comparison

This section allows you to compare key financial metrics between Bitcoin Depot Inc. and Liquidity Services, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


50.00M100.00M150.00M200.00MJulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025
136.83M
122.33M
(BTM) Total Revenue
(LQDT) Total Revenue
Values in USD except per share items

BTM vs. LQDT - Profitability Comparison

The chart below illustrates the profitability comparison between Bitcoin Depot Inc. and Liquidity Services, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Gross Margin
Operating Margin
Net Margin
Quarterly
Annual

20.0%40.0%60.0%80.0%100.0%JulyOctober2021AprilJulyOctober2022AprilJulyOctober2023AprilJulyOctober2024AprilJulyOctober2025
18.6%
41.0%
(BTM) Gross Margin
(LQDT) Gross Margin
BTM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Bitcoin Depot Inc. reported a gross profit of 25.41M and revenue of 136.83M. Therefore, the gross margin over that period was 18.6%.

LQDT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on May 2025, Liquidity Services, Inc. reported a gross profit of 50.17M and revenue of 122.33M. Therefore, the gross margin over that period was 41.0%.

BTM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Bitcoin Depot Inc. reported an operating income of 10.43M and revenue of 136.83M, resulting in an operating margin of 7.6%.

LQDT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on May 2025, Liquidity Services, Inc. reported an operating income of 7.09M and revenue of 122.33M, resulting in an operating margin of 5.8%.

BTM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Bitcoin Depot Inc. reported a net income of -6.65M and revenue of 136.83M, resulting in a net margin of -4.9%.

LQDT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on May 2025, Liquidity Services, Inc. reported a net income of 5.81M and revenue of 122.33M, resulting in a net margin of 4.8%.