Circle Internet Group vs Western Union
Western Union is the larger business, with $4.05bn of revenue in fiscal 2025 against $2.75bn for Circle Internet Group (1.5 times as much). Circle Internet Group grew faster (63.9% against -3.8%). Western Union kept more of each dollar of sales as profit: a net margin of 12.3% against -2.5%. Circle Internet Group carries less debt relative to equity (1.1% against 301.2%).
| Latest fiscal year | Circle Internet GroupCRCL, 2025 | Western UnionWU, 2025 |
|---|---|---|
| Revenue | $2.75bn | $4.05bn |
| Revenue growth | 63.9% | -3.8% |
| Net income | −$69.5m | $500m |
| Operating margin | -3.5% | 18.7% |
| Net margin | -2.5% | 12.3% |
| Return on equity | -3.6% | 51.9% |
| Free cash flow | $530m | $505m |
| Cash | $1.53bn | $1.23bn |
| Total debt | $36.8m | $2.88bn |
| Debt to equity | 1.1% | 301.2% |
| Dividend per share | — | $0.94 |
| Dividend yield | — | 15.4% |
| Share buybacks | $0 | $235m |
| Employees | 1,100 | — |
| Market value | $20.35bn | $1.95bn |
| Price vs our value range | — | Below our value range |
| Moat score | — | 69 (Moderate) |
| Insider trades, 12 months | 0 buys, 257 sales | 1 buys, 4 sales |