Do analysts prefer DAY or HUT?

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Dayforce 0 Sell rating(s) 3 Hold rating(s) 0 Buy rating(s) 0 Strong Buy rating(s) 2.00 Hut 8 0 Sell rating(s) 0 Hold rating(s) 1 Buy rating(s) 3 Strong Buy rating(s) 3.75

Which has better earnings and valuation, DAY or HUT?

Hut 8 has lower revenue, but higher earnings 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. Company Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Dayforce C$1.89B 8.06 -C$152.03M -C$0.95 N/A Hut 8 C$317.95M 44.97 C$193.22M -C$5.40 N/A

Is DAY or HUT more profitable?

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 Dayforce N/A N/A N/A Hut 8 -188.53% -39.50% -4.25%

Do analysts recommend DSG or HUT?

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) 0 Hold rating(s) 1 Buy rating(s) 3 Strong Buy rating(s) 3.75

Which has preferable valuation & earnings, DSG or HUT?

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. Company Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio The Descartes Systems Group C$753.87M 12.65 C$97.67M C$2.01 55.39 Hut 8 C$317.95M 44.97 C$193.22M -C$5.40 N/A

Do analysts rate TOI or HUT?

Topicus.com presently has a consensus target price of C$143.75, indicating a potential upside of 35.21%. Given Topicus.com's higher probable upside, equities 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) 0 Hold rating(s) 1 Buy rating(s) 3 Strong Buy rating(s) 3.75

Which has higher earnings & valuation, TOI or HUT?

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. Company Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Topicus.com C$1.70B 5.23 C$35.08M C$0.42 253.14 Hut 8 C$317.95M 44.97 C$193.22M -C$5.40 N/A

Is TOI or HUT more profitable?

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.com N/A N/A N/A Hut 8 -188.53% -39.50% -4.25%

Does the media refer more to TOI or HUT?

In the previous week, Hut 8 had 17 more articles in the media than Topicus.com. MarketBeat recorded 23 mentions for Hut 8 and 6 mentions for Topicus.com. Hut 8's average media sentiment score of 0.62 beat Topicus.com's score of 0.17 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 1 Very Positive mention(s) 0 Positive mention(s) 2 Neutral mention(s) 1 Negative mention(s) 0 Very Negative mention(s) Neutral Hut 8 1 Very Positive mention(s) 0 Positive mention(s) 5 Neutral mention(s) 2 Negative mention(s) 0 Very Negative mention(s) Positive

Do analysts prefer HUT or OTEX?

Open Text has a consensus target price of C$27.50, suggesting a potential downside of 19.38%. 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 Hut 8 0 Sell rating(s) 0 Hold rating(s) 1 Buy rating(s) 3 Strong Buy rating(s) 3.75 Open Text 0 Sell rating(s) 2 Hold rating(s) 0 Buy rating(s) 0 Strong Buy rating(s) 2.00

Which has stronger earnings and valuation, HUT or OTEX?

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. Company Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Hut 8 C$317.95M 44.97 C$193.22M -C$5.40 N/A Open Text C$5.25B 1.57 C$455.93M C$2.58 13.22

Is HUT or OTEX more profitable?

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 Hut 8 -188.53% -39.50% -4.25% Open Text 12.25% 15.99% 4.03%

Do analysts rate BITF or HUT?

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Bitfarms 0 Sell rating(s) 0 Hold rating(s) 0 Buy rating(s) 0 Strong Buy rating(s) 0.00 Hut 8 0 Sell rating(s) 0 Hold rating(s) 1 Buy rating(s) 3 Strong Buy rating(s) 3.75

Which has preferable valuation and earnings, BITF or HUT?

Hut 8 has higher revenue and earnings than Bitfarms. Hut 8 is trading at a lower price-to-earnings ratio than Bitfarms, indicating that it is currently the more affordable of the two stocks. Company Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Bitfarms C$229.28M 21.67 -C$110.66M -C$0.52 N/A Hut 8 C$317.95M 44.97 C$193.22M -C$5.40 N/A

Is BITF or HUT more profitable?

Bitfarms has a net margin of -160.41% compared to Hut 8's net margin of -188.53%. Hut 8's return on equity of -39.50% beat Bitfarms' return on equity. Company Net Margins Return on Equity Return on Assets Bitfarms -160.41% -56.78% -10.66% Hut 8 -188.53% -39.50% -4.25%

Hut 8 (HUT) Competitors

C$127.00 +7.44 (+6.22%)

As of 11:13 AM Eastern

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

Should you buy Hut 8 stock or one of its competitors? Hut 8's main competitors and comparable companies include Dayforce (DAY), The Descartes Systems Group (DSG), Topicus.com (TOI), Open Text (OTEX), and Bitfarms (BITF). 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 Dayforce?

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

Hut 8 has lower revenue, but higher earnings 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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Dayforce	C$1.89B	8.06	-C$152.03M	-C$0.95	N/A
Hut 8	C$317.95M	44.97	C$193.22M	-C$5.40	N/A

In the previous week, Hut 8 had 23 more articles in the media than Dayforce. MarketBeat recorded 23 mentions for Hut 8 and 0 mentions for Dayforce. Hut 8's average media sentiment score of 0.62 beat Dayforce's score of 0.00 indicating that Hut 8 is being referred to more favorably in the news media.

Company	Overall Sentiment
Dayforce	Neutral
Hut 8	Positive

60.3% of Dayforce shares are owned by institutional investors. Comparatively, 37.7% of Hut 8 shares are owned by institutional investors. 60.2% of Hut 8 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.

Dayforce has a beta of 0.993443, meaning that its stock price is 1% 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.

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Dayforce	0 Sell rating(s)	3 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	2.00
Hut 8	0 Sell rating(s)	0 Hold rating(s)	1 Buy rating(s)	3 Strong Buy rating(s)	3.75

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
Dayforce	N/A	N/A	N/A
Hut 8	-188.53%	-39.50%	-4.25%

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 companies based on the strength of their dividends, institutional ownership, media sentiment, valuation, earnings, analyst recommendations, risk and profitability.

The Descartes Systems Group has a beta of 0.138981, suggesting that its share price is 86% less volatile than the broader market. Comparatively, Hut 8 has a beta of 4.581835, suggesting that its share price is 358% more volatile than the broader market.

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)	0 Hold rating(s)	1 Buy rating(s)	3 Strong Buy rating(s)	3.75

65.9% of The Descartes Systems Group shares are held by institutional investors. Comparatively, 37.7% of Hut 8 shares are held by institutional investors. 0.0% of The Descartes Systems Group shares are held by insiders. Comparatively, 60.2% of Hut 8 shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

The Descartes Systems Group has a net margin of 23.35% compared to Hut 8's net margin of -188.53%. The Descartes Systems Group's return on equity of 11.26% beat Hut 8's return on equity.

Company	Net Margins	Return on Equity	Return on Assets
The Descartes Systems Group	23.35%	11.26%	7.51%
Hut 8	-188.53%	-39.50%	-4.25%

In the previous week, Hut 8 had 23 more articles in the media than The Descartes Systems Group. MarketBeat recorded 23 mentions for Hut 8 and 0 mentions for The Descartes Systems Group. Hut 8's average media sentiment score of 0.62 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	Overall Sentiment
The Descartes Systems Group	Neutral
Hut 8	Positive

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
The Descartes Systems Group	C$753.87M	12.65	C$97.67M	C$2.01	55.39
Hut 8	C$317.95M	44.97	C$193.22M	-C$5.40	N/A

Summary

The Descartes Systems Group beats Hut 8 on 9 of the 15 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 better investment? We will contrast the two businesses based on the strength of their profitability, risk, earnings, valuation, analyst recommendations, media sentiment, dividends and institutional ownership.

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.com	N/A	N/A	N/A
Hut 8	-188.53%	-39.50%	-4.25%

Topicus.com has a beta of 0.081974, suggesting that its share price is 92% less volatile than the broader market. Comparatively, Hut 8 has a beta of 4.581835, suggesting that its share price is 358% more volatile than the broader market.

21.9% of Topicus.com shares are owned by institutional investors. Comparatively, 37.7% of Hut 8 shares are owned by institutional investors. 60.2% of Hut 8 shares are owned 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.

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Topicus.com	C$1.70B	5.23	C$35.08M	C$0.42	253.14
Hut 8	C$317.95M	44.97	C$193.22M	-C$5.40	N/A

In the previous week, Hut 8 had 17 more articles in the media than Topicus.com. MarketBeat recorded 23 mentions for Hut 8 and 6 mentions for Topicus.com. Hut 8's average media sentiment score of 0.62 beat Topicus.com's score of 0.17 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	1 Very Positive mention(s)	0 Positive mention(s)	2 Neutral mention(s)	1 Negative mention(s)	0 Very Negative mention(s)	Neutral
Hut 8	1 Very Positive mention(s)	0 Positive mention(s)	5 Neutral mention(s)	2 Negative mention(s)	0 Very Negative mention(s)	Positive

Topicus.com presently has a consensus target price of C$143.75, indicating a potential upside of 35.21%. Given Topicus.com's higher probable upside, equities 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)	0 Hold rating(s)	1 Buy rating(s)	3 Strong Buy rating(s)	3.75

Summary

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

How does Hut 8 compare to Open Text?

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

Open Text has a consensus target price of C$27.50, suggesting a potential downside of 19.38%. 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
Hut 8	0 Sell rating(s)	0 Hold rating(s)	1 Buy rating(s)	3 Strong Buy rating(s)	3.75
Open Text	0 Sell rating(s)	2 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	2.00

In the previous week, Hut 8 had 22 more articles in the media than Open Text. MarketBeat recorded 23 mentions for Hut 8 and 1 mentions for Open Text. Open Text's average media sentiment score of 0.69 beat Hut 8's score of 0.62 indicating that Open Text is being referred to more favorably in the news media.

Company	Overall Sentiment
Hut 8	Positive
Open Text	Positive

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
Hut 8	-188.53%	-39.50%	-4.25%
Open Text	12.25%	15.99%	4.03%

37.7% of Hut 8 shares are owned by institutional investors. Comparatively, 59.4% of Open Text shares are owned by institutional investors. 60.2% of Hut 8 shares are owned by company insiders. Comparatively, 2.1% of Open Text shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

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.

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Hut 8	C$317.95M	44.97	C$193.22M	-C$5.40	N/A
Open Text	C$5.25B	1.57	C$455.93M	C$2.58	13.22

Hut 8 has a beta of 4.581835, indicating that its stock price is 358% more volatile than the broader market. Comparatively, Open Text has a beta of 1.285215, indicating that its stock price is 29% 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 Bitfarms?

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

In the previous week, Hut 8 had 23 more articles in the media than Bitfarms. MarketBeat recorded 23 mentions for Hut 8 and 0 mentions for Bitfarms. Hut 8's average media sentiment score of 0.62 beat Bitfarms' score of 0.00 indicating that Hut 8 is being referred to more favorably in the news media.

Company	Overall Sentiment
Bitfarms	Neutral
Hut 8	Positive

11.7% of Bitfarms shares are held by institutional investors. Comparatively, 37.7% of Hut 8 shares are held by institutional investors. 23.4% of Bitfarms shares are held by insiders. Comparatively, 60.2% of Hut 8 shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

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

Company	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Bitfarms	C$229.28M	21.67	-C$110.66M	-C$0.52	N/A
Hut 8	C$317.95M	44.97	C$193.22M	-C$5.40	N/A

Company	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Bitfarms	0 Sell rating(s)	0 Hold rating(s)	0 Buy rating(s)	0 Strong Buy rating(s)	0.00
Hut 8	0 Sell rating(s)	0 Hold rating(s)	1 Buy rating(s)	3 Strong Buy rating(s)	3.75

Bitfarms has a net margin of -160.41% compared to Hut 8's net margin of -188.53%. Hut 8's return on equity of -39.50% beat Bitfarms' return on equity.

Company	Net Margins	Return on Equity	Return on Assets
Bitfarms	-160.41%	-56.78%	-10.66%
Hut 8	-188.53%	-39.50%	-4.25%

Bitfarms has a beta of 3.414688, indicating that its stock price is 241% 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

Hut 8 beats Bitfarms on 13 of the 16 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.

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.

HUT vs. The Competition

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Metric	Hut 8	Software Industry	Technology Sector	TSE Exchange
Market Cap	C$14.30B	C$15.89B	C$29.79B	C$12.64B
Dividend Yield	N/A	3.42%	2.73%	6.20%
P/E Ratio	-23.52	127.20	75.19	35.12
Price / Sales	44.97	1,303.76	599.87	9.92
Price / Cash	7.86	43.91	50.51	82.29
Price / Book	8.90	8.55	8.21	4.63
Net Income	C$193.22M	C$436.04M	C$677.77M	C$299.09M
7 Day Performance	-10.79%	1.07%	1.10%	2.79%
1 Month Performance	-12.21%	2.10%	0.48%	3.37%
1 Year Performance	347.97%	9.60%	198.08%	36.79%

Hut 8 Competitors List

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Company	MarketRank	Share Price	Analysts' Price Target	1Y Price Performance	Market Cap	Revenue	P/E Ratio	Employee Count	Indicator(s)
HUT Hut 8	1.325 of 5 stars	C$127.00 +6.2%	N/A	+346.6%	C$14.30B	C$317.95M	N/A	219	Analyst Revision Gap Up
DAY Dayforce	N/A	C$95.35 -1.1%	N/A	N/A	C$15.26B	C$1.89B	N/A	N/A
DSG The Descartes Systems Group	1.0048 of 5 stars	C$110.01 +1.0%	N/A	-20.0%	C$9.43B	C$753.87M	54.73	50,800
TOI Topicus.com	1.8727 of 5 stars	C$100.14 -0.3%	C$143.75 +43.5%	N/A	C$8.35B	C$1.63B	270.65	N/A
OTEX Open Text	1.3902 of 5 stars	C$34.09 -5.4%	C$27.50 -19.3%	-18.9%	C$8.27B	C$5.21B	16.55	22,900	Earnings Report

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This page (TSE:HUT) was last updated on 8/11/2026 by MarketBeat.com Staff.

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Hut 8 (HUT) Competitors