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Hut 8 (HUT) Competitors

Hut 8 logo
C$144.53 -5.45 (-3.63%)
As of 04:00 PM Eastern

HUT vs. CSU, DAY, DSG, OTEX, and TOI

Should you buy Hut 8 stock or one of its competitors? Hut 8's main competitors and comparable companies include Constellation Software (CSU), Dayforce (DAY), The Descartes Systems Group (DSG), Open Text (OTEX), and Topicus.com (TOI). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "application software" industry.

How does Hut 8 compare to Constellation Software?

Hut 8 (TSE:HUT) and Constellation Software (TSE:CSU) are both large-cap technology companies, but which is the better stock? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, risk, profitability, institutional ownership, media sentiment, earnings and dividends.

Constellation Software has higher revenue and earnings than Hut 8. Hut 8 is trading at a lower price-to-earnings ratio than Constellation Software, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hut 8C$317.95M51.18C$193.22M-C$5.40N/A
Constellation SoftwareC$12.64B4.67C$453.54MC$45.3361.45

39.0% of Hut 8 shares are owned by institutional investors. Comparatively, 68.1% of Constellation Software shares are owned by institutional investors. 60.2% of Hut 8 shares are owned by insiders. Comparatively, 5.7% of Constellation Software shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock is poised for long-term growth.

Constellation Software has a consensus price target of C$3,884.40, suggesting a potential upside of 39.46%. Given Constellation Software's higher possible upside, analysts clearly believe Constellation Software is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hut 8
0 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
6 Strong Buy rating(s)
3.63
Constellation Software
0 Sell rating(s)
1 Hold rating(s)
8 Buy rating(s)
0 Strong Buy rating(s)
2.89

Hut 8 has a beta of 4.581835, indicating that its share price is 358% more volatile than the broader market. Comparatively, Constellation Software has a beta of 0.590253, indicating that its share price is 41% less volatile than the broader market.

In the previous week, Hut 8 had 4 more articles in the media than Constellation Software. MarketBeat recorded 5 mentions for Hut 8 and 1 mentions for Constellation Software. Hut 8's average media sentiment score of 0.76 beat Constellation Software's score of 0.22 indicating that Hut 8 is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Hut 8
0 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Constellation Software
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral

Constellation Software has a net margin of 7.57% compared to Hut 8's net margin of -188.53%. Constellation Software's return on equity of 25.24% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8-188.53% -39.50% -4.25%
Constellation Software 7.57%25.24%7.87%

Summary

Constellation Software beats Hut 8 on 10 of the 17 factors compared between the two stocks.

How does Hut 8 compare to Dayforce?

Hut 8 (TSE:HUT) and Dayforce (TSE:DAY) are both large-cap technology companies, but which is the superior business? We will compare the two companies based on the strength of their media sentiment, analyst recommendations, risk, profitability, dividends, valuation, institutional ownership and earnings.

39.0% of Hut 8 shares are owned by institutional investors. Comparatively, 60.3% of Dayforce shares are owned by institutional investors. 60.2% of Hut 8 shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

In the previous week, Hut 8 had 5 more articles in the media than Dayforce. MarketBeat recorded 5 mentions for Hut 8 and 0 mentions for Dayforce. Hut 8's average media sentiment score of 0.76 beat Dayforce's score of 0.00 indicating that Hut 8 is being referred to more favorably in the media.

Company Overall Sentiment
Hut 8 Positive
Dayforce Neutral

Hut 8 has a beta of 4.581835, indicating that its stock price is 358% more volatile than the broader market. Comparatively, Dayforce has a beta of 0.993443, indicating that its stock price is 1% less volatile than the broader market.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Hut 8
0 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
6 Strong Buy rating(s)
3.63
Dayforce
0 Sell rating(s)
2 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00

Dayforce has a net margin of 0.00% compared to Hut 8's net margin of -188.53%. Dayforce's return on equity of 0.00% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
Hut 8-188.53% -39.50% -4.25%
Dayforce N/A N/A N/A

Hut 8 has higher earnings, but lower revenue than Dayforce. Dayforce is trading at a lower price-to-earnings ratio than Hut 8, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Hut 8C$317.95M51.18C$193.22M-C$5.40N/A
DayforceC$1.89B8.06-C$152.03M-C$0.95N/A

Summary

Hut 8 beats Dayforce on 10 of the 16 factors compared between the two stocks.

How does Hut 8 compare to The Descartes Systems Group?

The Descartes Systems Group (TSE:DSG) and Hut 8 (TSE:HUT) are both technology companies, but which is the superior business? We will contrast the two businesses based on the strength of their profitability, valuation, analyst recommendations, earnings, institutional ownership, risk, dividends and media sentiment.

The Descartes Systems Group has a net margin of 24.25% compared to Hut 8's net margin of -188.53%. The Descartes Systems Group's return on equity of 11.69% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
The Descartes Systems Group24.25% 11.69% 7.51%
Hut 8 -188.53%-39.50%-4.25%

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
The Descartes Systems Group
0 Sell rating(s)
0 Hold rating(s)
1 Buy rating(s)
4 Strong Buy rating(s)
3.80
Hut 8
0 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
6 Strong Buy rating(s)
3.63

66.4% of The Descartes Systems Group shares are held by institutional investors. Comparatively, 39.0% of Hut 8 shares are held by institutional investors. 0.0% of The Descartes Systems Group shares are held by company insiders. Comparatively, 60.2% of Hut 8 shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

The Descartes Systems Group has a beta of 0.142043, indicating that its stock price is 86% less volatile than the broader market. Comparatively, Hut 8 has a beta of 4.581835, indicating that its stock price is 358% more volatile than the broader market.

Hut 8 has lower revenue, but higher earnings than The Descartes Systems Group. Hut 8 is trading at a lower price-to-earnings ratio than The Descartes Systems Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
The Descartes Systems GroupC$775.17M12.48C$97.67MC$2.1552.61
Hut 8C$317.95M51.18C$193.22M-C$5.40N/A

In the previous week, The Descartes Systems Group and The Descartes Systems Group both had 5 articles in the media. Hut 8's average media sentiment score of 0.76 beat The Descartes Systems Group's score of 0.00 indicating that Hut 8 is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
The Descartes Systems Group
2 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Hut 8
0 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

The Descartes Systems Group beats Hut 8 on 8 of the 14 factors compared between the two stocks.

How does Hut 8 compare to Open Text?

Open Text (TSE:OTEX) and Hut 8 (TSE:HUT) are both technology companies, but which is the superior business? We will contrast the two businesses based on the strength of their profitability, valuation, analyst recommendations, earnings, institutional ownership, risk, dividends and media sentiment.

In the previous week, Hut 8 had 4 more articles in the media than Open Text. MarketBeat recorded 5 mentions for Hut 8 and 1 mentions for Open Text. Open Text's average media sentiment score of 0.95 beat Hut 8's score of 0.76 indicating that Open Text is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Open Text
0 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Hut 8
0 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

54.9% of Open Text shares are held by institutional investors. Comparatively, 39.0% of Hut 8 shares are held by institutional investors. 2.1% of Open Text shares are held by company insiders. Comparatively, 60.2% of Hut 8 shares are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Open Text has a net margin of 12.25% compared to Hut 8's net margin of -188.53%. Open Text's return on equity of 15.99% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
Open Text12.25% 15.99% 4.03%
Hut 8 -188.53%-39.50%-4.25%

Open Text has higher revenue and earnings than Hut 8. Hut 8 is trading at a lower price-to-earnings ratio than Open Text, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Open TextC$5.25B1.51C$455.93MC$2.5812.61
Hut 8C$317.95M51.18C$193.22M-C$5.40N/A

Open Text presently has a consensus price target of C$27.50, suggesting a potential downside of 15.49%. Given Open Text's higher probable upside, analysts clearly believe Open Text is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Open Text
0 Sell rating(s)
2 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
2.00
Hut 8
0 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
6 Strong Buy rating(s)
3.63

Open Text has a beta of 1.235534, indicating that its stock price is 24% more volatile than the broader market. Comparatively, Hut 8 has a beta of 4.581835, indicating that its stock price is 358% more volatile than the broader market.

Summary

Open Text beats Hut 8 on 10 of the 17 factors compared between the two stocks.

How does Hut 8 compare to Topicus.com?

Topicus.com (CVE:TOI) and Hut 8 (TSE:HUT) are both technology companies, but which is the superior investment? We will compare the two companies based on the strength of their profitability, dividends, risk, institutional ownership, valuation, analyst recommendations, earnings and media sentiment.

In the previous week, Hut 8 had 3 more articles in the media than Topicus.com. MarketBeat recorded 5 mentions for Hut 8 and 2 mentions for Topicus.com. Hut 8's average media sentiment score of 0.76 beat Topicus.com's score of 0.20 indicating that Hut 8 is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Topicus.com
0 Very Positive mention(s)
1 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Hut 8
0 Very Positive mention(s)
2 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive

21.0% of Topicus.com shares are held by institutional investors. Comparatively, 39.0% of Hut 8 shares are held by institutional investors. 60.2% of Hut 8 shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Topicus.com has a net margin of 0.00% compared to Hut 8's net margin of -188.53%. Topicus.com's return on equity of 0.00% beat Hut 8's return on equity.

Company Net Margins Return on Equity Return on Assets
Topicus.comN/A N/A N/A
Hut 8 -188.53%-39.50%-4.25%

Hut 8 has lower revenue, but higher earnings than Topicus.com. Hut 8 is trading at a lower price-to-earnings ratio than Topicus.com, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Topicus.comC$1.70B4.37C$35.08MC$0.42211.31
Hut 8C$317.95M51.18C$193.22M-C$5.40N/A

Topicus.com presently has a consensus price target of C$143.75, suggesting a potential upside of 61.97%. Given Topicus.com's higher possible upside, research analysts clearly believe Topicus.com is more favorable than Hut 8.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Topicus.com
0 Sell rating(s)
0 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
3.00
Hut 8
0 Sell rating(s)
1 Hold rating(s)
1 Buy rating(s)
6 Strong Buy rating(s)
3.63

Topicus.com has a beta of 0.060541, meaning that its stock price is 94% less volatile than the broader market. Comparatively, Hut 8 has a beta of 4.581835, meaning that its stock price is 358% more volatile than the broader market.

Summary

Hut 8 beats Topicus.com on 9 of the 17 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding HUT and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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HUT vs. The Competition

MetricHut 8Software IndustryTechnology SectorTSE Exchange
Market CapC$18.44BC$15.95BC$31.40BC$12.77B
Dividend YieldN/A3.41%2.75%6.27%
P/E Ratio-26.76142.7679.0140.36
Price / Sales51.181,288.96590.659.35
Price / Cash7.8647.5449.7082.29
Price / Book10.128.878.004.69
Net IncomeC$193.22MC$433.53MC$702.96MC$299.09M
7 Day Performance15.11%1.57%2.55%1.06%
1 Month Performance29.86%-1.45%-1.60%-2.36%
1 Year Performance194.84%-0.40%177.92%20.59%

Hut 8 Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
HUT
Hut 8
1.529 of 5 stars
C$144.53
-3.6%
N/A+186.6%C$18.44BC$317.95MN/A248
CSU
Constellation Software
3.3182 of 5 stars
C$2,783.20
-1.7%
C$3,884.40
+39.6%
-34.0%C$58.98BC$12.64B61.4069,000
DAY
Dayforce
N/AC$95.35
-1.1%
N/A+0.3%C$15.26BC$1.89BN/AN/A
DSG
The Descartes Systems Group
0.9732 of 5 stars
C$108.90
-2.2%
N/A-22.3%C$9.32BC$775.17M50.6550,800
OTEX
Open Text
1.497 of 5 stars
C$31.85
-3.3%
C$27.50
-13.7%
-37.9%C$7.73BC$5.25B12.3422,900

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This page (TSE:HUT) was last updated on 9/23/2026 by MarketBeat.com Staff.
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