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TONX vs HUT
Revenue, margins, valuation, and 5-year total return — side by side.
Financial - Capital Markets
TONX vs HUT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Asset Management | Financial - Capital Markets |
| Market Cap | $184M | $11.22B |
| Revenue (TTM) | $895K | $15M |
| Net Income (TTM) | $76M | $-312M |
| Gross Margin | 75.0% | -6.1% |
| Operating Margin | -13.0% | -21.0% |
| Total Debt | $464K | $429M |
| Cash & Equiv. | $8M | $45M |
TONX vs HUT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| TON Strategy Co. (TONX) | 100 | 0.0 | -100.0% |
| Hut 8 Corp. (HUT) | 100 | 1606.0 | +1506.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TONX vs HUT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
TONX carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- beta 1.81
- Rev growth 13.2%, EPS growth 100.0%
- Lower volatility, beta 1.81, Low D/E 2.9%, current ratio 3.84x
HUT is the clearest fit if your priority is long-term compounding.
- 462.4% 10Y total return vs TONX's -100.0%
- +7.0% vs TONX's -41.9%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 13.2% NII/revenue growth vs HUT's -90.7% | |
| Value | Better valuation composite | |
| Quality / Margins | Efficiency ratio 13.8% vs HUT's 14.9% (lower = leaner) | |
| Stability / Safety | Beta 1.81 vs HUT's 4.51, lower leverage | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +7.0% vs TONX's -41.9% | |
| Efficiency (ROA) | Efficiency ratio 13.8% vs HUT's 14.9% |
TONX vs HUT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
TONX vs HUT — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
TONX leads this category, winning 5 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
HUT is the larger business by revenue, generating $15M annually — 16.9x TONX's $895,000. Profitability is closely matched — net margins range from -11.5% (TONX) to -15.0% (HUT).
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $895,000 | $15M |
| EBITDAEarnings before interest/tax | -$30M | -$389M |
| Net IncomeAfter-tax profit | $76M | -$312M |
| Free Cash FlowCash after capex | -$15M | -$892M |
| Gross MarginGross profit ÷ Revenue | +75.0% | -6.1% |
| Operating MarginEBIT ÷ Revenue | -13.0% | -21.0% |
| Net MarginNet income ÷ Revenue | -11.5% | -15.0% |
| FCF MarginFCF ÷ Revenue | -10.2% | -22.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +158.4% | -52.3% |
Valuation Metrics
TONX leads this category, winning 3 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $184M | $11.2B |
| Enterprise ValueMkt cap + debt − cash | $177M | $11.6B |
| Trailing P/EPrice ÷ TTM EPS | -186.78x | -47.28x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | — |
| Price / SalesMarket cap ÷ Revenue | 205.28x | 743.95x |
| Price / BookPrice ÷ Book value/share | 0.12x | 6.31x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
TONX leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
TONX delivers a 44.2% return on equity — every $100 of shareholder capital generates $44 in annual profit, vs $-18 for HUT. TONX carries lower financial leverage with a 0.03x debt-to-equity ratio, signaling a more conservative balance sheet compared to HUT's 0.25x. On the Piotroski fundamental quality scale (0–9), TONX scores 6/9 vs HUT's 2/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +44.2% | -17.7% |
| ROA (TTM)Return on assets | +42.1% | -11.2% |
| ROICReturn on invested capital | -79.4% | -13.8% |
| ROCEReturn on capital employed | -116.5% | -17.0% |
| Piotroski ScoreFundamental quality 0–9 | 6 | 2 |
| Debt / EquityFinancial leverage | 0.03x | 0.25x |
| Net DebtTotal debt minus cash | -$7M | $384M |
| Cash & Equiv.Liquid assets | $8M | $45M |
| Total DebtShort + long-term debt | $464,000 | $429M |
| Interest CoverageEBIT ÷ Interest expense | 45245.50x | -9.18x |
Total Returns (Dividends Reinvested)
HUT leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in HUT five years ago would be worth $39,601 today (with dividends reinvested), compared to $4 for TONX. Over the past 12 months, HUT leads with a +699.2% total return vs TONX's -41.9%. The 3-year compound annual growth rate (CAGR) favors HUT at 124.4% vs TONX's -78.7% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +34.9% | +97.3% |
| 1-Year ReturnPast 12 months | -41.9% | +699.2% |
| 3-Year ReturnCumulative with dividends | -99.0% | +1030.5% |
| 5-Year ReturnCumulative with dividends | -100.0% | +296.0% |
| 10-Year ReturnCumulative with dividends | -100.0% | +462.4% |
| CAGR (3Y)Annualised 3-year return | -78.7% | +124.4% |
Risk & Volatility
Evenly matched — TONX and HUT each lead in 1 of 2 comparable metrics.
Risk & Volatility
TONX is the less volatile stock with a 1.81 beta — it tends to amplify market swings less than HUT's 4.51 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. HUT currently trades 90.9% from its 52-week high vs TONX's 10.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.81x | 4.51x |
| 52-Week HighHighest price in past year | $29.77 | $111.33 |
| 52-Week LowLowest price in past year | $1.75 | $12.45 |
| % of 52W HighCurrent price vs 52-week peak | +10.9% | +90.9% |
| RSI (14)Momentum oscillator 0–100 | 68.2 | 82.5 |
| Avg Volume (50D)Average daily shares traded | 408K | 4.6M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates TONX as "Buy" and HUT as "Buy".
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | — | $78.50 |
| # AnalystsCovering analysts | 2 | 15 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
TONX leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). HUT leads in 1 (Total Returns). 1 tied.
TONX vs HUT: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is TONX or HUT a better buy right now?
For growth investors, TON Strategy Co.
(TONX) is the stronger pick with 1321% revenue growth year-over-year, versus -90. 7% for Hut 8 Corp. (HUT). Analysts rate TON Strategy Co. (TONX) a "Buy" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — TONX or HUT?
Over the past 5 years, Hut 8 Corp.
(HUT) delivered a total return of +296. 0%, compared to -100. 0% for TON Strategy Co. (TONX). Over 10 years, the gap is even starker: HUT returned +462. 4% versus TONX's -100. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — TONX or HUT?
By beta (market sensitivity over 5 years), TON Strategy Co.
(TONX) is the lower-risk stock at 1. 81β versus Hut 8 Corp. 's 4. 51β — meaning HUT is approximately 149% more volatile than TONX relative to the S&P 500. On balance sheet safety, TON Strategy Co. (TONX) carries a lower debt/equity ratio of 3% versus 25% for Hut 8 Corp. — giving it more financial flexibility in a downturn.
04Which is growing faster — TONX or HUT?
By revenue growth (latest reported year), TON Strategy Co.
(TONX) is pulling ahead at 1321% versus -90. 7% for Hut 8 Corp. (HUT). On earnings-per-share growth, the picture is similar: TON Strategy Co. grew EPS 100. 0% year-over-year, compared to -162. 9% for Hut 8 Corp.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — TONX or HUT?
TON Strategy Co.
(TONX) is the more profitable company, earning -1154. 1% net margin versus -1499. 6% for Hut 8 Corp. — meaning it keeps -1154. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TONX leads at -1301. 0% versus -21. 0% for HUT. At the gross margin level — before operating expenses — TONX leads at 75. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — TONX or HUT?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
07Is TONX or HUT better for a retirement portfolio?
For long-horizon retirement investors, Hut 8 Corp.
(HUT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+462. 4% 10Y return). TON Strategy Co. (TONX) carries a higher beta of 1. 81 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (HUT: +462. 4%, TONX: -100. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between TONX and HUT?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: TONX is a small-cap high-growth stock; HUT is a mid-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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