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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and Janus International Group, Inc. (JBI). Click either name above to swap in a different company.
Janus International Group, Inc. is the larger business by last-quarter revenue ($219.3M vs $162.5M, roughly 1.3× Bitcoin Depot Inc.). Janus International Group, Inc. runs the higher net margin — 6.9% vs 3.4%, a 3.5% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs -4.7%). Janus International Group, Inc. produced more free cash flow last quarter ($8.3M vs $2.5M). Over the past eight quarters, Bitcoin Depot Inc.'s revenue compounded faster (-4.9% CAGR vs -8.8%).
Bitcoin Depot Inc. is one of the largest cryptocurrency ATM operators across North America. It provides retail consumers with accessible in-person kiosks to buy and sell Bitcoin and other leading digital assets, alongside online crypto purchase services via bank transfer. Its self-service kiosks are located in high-traffic retail spaces including grocery stores, gas stations and convenience stores.
Janus Henderson is a British-American global asset management group headquartered in the City of London, United Kingdom. It offers a range of financial products to individuals, intermediary advisors, and institutional investors globally under the trade name Janus Henderson Investors.
BTM vs JBI — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $219.3M |
| Net Profit | $5.5M | $15.2M |
| Gross Margin | — | 39.1% |
| Operating Margin | 7.3% | 13.4% |
| Net Margin | 3.4% | 6.9% |
| Revenue YoY | 20.1% | -4.7% |
| Net Profit YoY | 690.4% | 28.8% |
| EPS (diluted) | $0.08 | $0.11 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q3 25 | $162.5M | $219.3M | ||
| Q2 25 | $172.1M | $228.1M | ||
| Q1 25 | $164.2M | $210.5M | ||
| Q4 24 | — | $230.8M | ||
| Q3 24 | $135.3M | $230.1M | ||
| Q2 24 | $163.1M | $248.4M | ||
| Q1 24 | $138.5M | $254.5M | ||
| Q4 23 | $148.4M | $263.8M |
| Q3 25 | $5.5M | $15.2M | ||
| Q2 25 | $6.1M | $20.7M | ||
| Q1 25 | $4.2M | $10.8M | ||
| Q4 24 | — | $300.0K | ||
| Q3 24 | $-939.0K | $11.8M | ||
| Q2 24 | $-2.6M | $27.6M | ||
| Q1 24 | $-1.5M | $30.7M | ||
| Q4 23 | $-8.3M | $35.7M |
| Q3 25 | — | 39.1% | ||
| Q2 25 | — | 40.9% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | — | 37.8% | ||
| Q3 24 | — | 39.6% | ||
| Q2 24 | — | 43.9% | ||
| Q1 24 | — | 43.4% | ||
| Q4 23 | — | 43.4% |
| Q3 25 | 7.3% | 13.4% | ||
| Q2 25 | 9.2% | 15.8% | ||
| Q1 25 | 10.8% | 12.0% | ||
| Q4 24 | — | 5.5% | ||
| Q3 24 | 4.1% | 11.6% | ||
| Q2 24 | 4.7% | 20.8% | ||
| Q1 24 | 0.5% | 21.8% | ||
| Q4 23 | 2.6% | 24.2% |
| Q3 25 | 3.4% | 6.9% | ||
| Q2 25 | 3.5% | 9.1% | ||
| Q1 25 | 2.6% | 5.1% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | -0.7% | 5.1% | ||
| Q2 24 | -1.6% | 11.1% | ||
| Q1 24 | -1.1% | 12.1% | ||
| Q4 23 | -5.6% | 13.5% |
| Q3 25 | $0.08 | $0.11 | ||
| Q2 25 | $0.16 | $0.15 | ||
| Q1 25 | $0.20 | $0.08 | ||
| Q4 24 | — | $0.01 | ||
| Q3 24 | $-0.05 | $0.08 | ||
| Q2 24 | $-0.13 | $0.19 | ||
| Q1 24 | $-0.25 | $0.21 | ||
| Q4 23 | — | $0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $59.3M | — |
| Total DebtLower is stronger | $67.5M | — |
| Stockholders' EquityBook value | $21.0M | $560.8M |
| Total Assets | $125.3M | $1.3B |
| Debt / EquityLower = less leverage | 3.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $59.3M | — | ||
| Q2 25 | $48.0M | — | ||
| Q1 25 | $35.0M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $32.2M | $102.1M | ||
| Q2 24 | $43.9M | $110.1M | ||
| Q1 24 | $42.2M | — | ||
| Q4 23 | $29.8M | $171.7M |
| Q3 25 | $67.5M | — | ||
| Q2 25 | $66.5M | — | ||
| Q1 25 | $56.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $44.5M | — | ||
| Q2 24 | $41.2M | — | ||
| Q1 24 | $37.6M | — | ||
| Q4 23 | $22.5M | — |
| Q3 25 | $21.0M | $560.8M | ||
| Q2 25 | $4.7M | $543.8M | ||
| Q1 25 | $-4.6M | $526.8M | ||
| Q4 24 | — | $518.8M | ||
| Q3 24 | $-7.9M | $526.6M | ||
| Q2 24 | $4.4M | $556.3M | ||
| Q1 24 | $5.0M | $535.4M | ||
| Q4 23 | — | $519.6M |
| Q3 25 | $125.3M | $1.3B | ||
| Q2 25 | $109.1M | $1.3B | ||
| Q1 25 | $89.7M | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $87.4M | $1.3B | ||
| Q2 24 | $97.5M | $1.3B | ||
| Q1 24 | $90.1M | $1.4B | ||
| Q4 23 | $74.3M | $1.4B |
| Q3 25 | 3.21× | — | ||
| Q2 25 | 14.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 9.27× | — | ||
| Q1 24 | 7.54× | — | ||
| Q4 23 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $6.6M | $15.0M |
| Free Cash FlowOCF − Capex | $2.5M | $8.3M |
| FCF MarginFCF / Revenue | 1.6% | 3.8% |
| Capex IntensityCapex / Revenue | 2.5% | 3.1% |
| Cash ConversionOCF / Net Profit | 1.20× | 0.99× |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $140.1M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | $6.6M | $15.0M | ||
| Q2 25 | $10.2M | $51.4M | ||
| Q1 25 | $16.3M | $48.3M | ||
| Q4 24 | — | $51.4M | ||
| Q3 24 | $5.8M | $43.0M | ||
| Q2 24 | $10.1M | $31.0M | ||
| Q1 24 | $1.3M | $28.6M | ||
| Q4 23 | $7.5M | $68.5M |
| Q3 25 | $2.5M | $8.3M | ||
| Q2 25 | $9.8M | $44.6M | ||
| Q1 25 | $15.9M | $41.9M | ||
| Q4 24 | — | $45.3M | ||
| Q3 24 | $-1.0M | $39.3M | ||
| Q2 24 | $7.6M | $25.3M | ||
| Q1 24 | $789.0K | $24.0M | ||
| Q4 23 | — | $63.0M |
| Q3 25 | 1.6% | 3.8% | ||
| Q2 25 | 5.7% | 19.6% | ||
| Q1 25 | 9.7% | 19.9% | ||
| Q4 24 | — | 19.6% | ||
| Q3 24 | -0.8% | 17.1% | ||
| Q2 24 | 4.7% | 10.2% | ||
| Q1 24 | 0.6% | 9.4% | ||
| Q4 23 | — | 23.9% |
| Q3 25 | 2.5% | 3.1% | ||
| Q2 25 | 0.2% | 3.0% | ||
| Q1 25 | 0.2% | 3.0% | ||
| Q4 24 | — | 2.6% | ||
| Q3 24 | 5.0% | 1.6% | ||
| Q2 24 | 1.5% | 2.3% | ||
| Q1 24 | 0.4% | 1.8% | ||
| Q4 23 | — | 2.1% |
| Q3 25 | 1.20× | 0.99× | ||
| Q2 25 | 1.67× | 2.48× | ||
| Q1 25 | 3.88× | 4.47× | ||
| Q4 24 | — | 171.33× | ||
| Q3 24 | — | 3.64× | ||
| Q2 24 | — | 1.12× | ||
| Q1 24 | — | 0.93× | ||
| Q4 23 | — | 1.92× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BTM
Segment breakdown not available.
JBI
| Self Storage New Construction | $72.3M | 33% |
| Commercial And Others | $65.5M | 30% |
| Self Storage R3 | $54.0M | 25% |
| Transferred At Point In Time | $15.5M | 7% |
| Transferred Over Time | $12.8M | 6% |
