MetaCap

Bullish (BLSH) vs WEX (WEX)

Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.

Summary

WEX (WEX) has outperformed Bullish (BLSH) over the past year, gaining 8.0% versus a loss of 51.1%. WEX is the larger company by market cap ($5.79 billion vs $4.83 billion), about 1.2 times the size. On valuation, WEX trades at a lower forward P/E (8.0x vs 44.8x for Bullish).

WEX converts more of its revenue into profit, with a net margin of 11.4% versus -0.3%.

Summary generated from market data by MetaCap's automated system. Methodology

Relative performance

BLSH-53.74%WEX+7.30%
+33%-20%-73%
Oct 6, 20251 yearOct 7, 2026
BLSH-54.24%WEX-2.53%
+19%-27%-73%
Aug 11, 20255 yearsOct 5, 2026

Percent change in share price from the first common trading day shown; excludes dividends.

Head-to-head

BLSH versus WEX key metrics
MetricBLSHWEX
Share price$31.82$169.96
Market cap$4.83B$5.79B
1-day change-4.67%-0.89%
YTD return-15.98%+14.08%
1-year return-51.12%+7.99%
5-year return—-11.90%
P/E ratio (TTM)—16.95
Forward P/E44.828.02
EPS (TTM)$-9.70$10.03
Dividend yield0.00%0.00%
Annual dividend$0.00$0.00
Revenue (latest FY)$244.81B$2.66B
Revenue growth (YoY)-2.15%+1.24%
Net income (latest FY)$-764.68M$304.10M
Gross margin0.03%58.64%
Operating margin—24.95%
Net margin-0.31%11.43%
52-week high$70.50$203.99
52-week low$20.55$125.29
Distance from 52-week high-54.87%-16.68%
Analyst consensusbuybuy
Avg. price target upside+28.28%+14.94%
Average volume1.49M647.03K
Shares outstanding151.65M34.08M
Employees3946,600
SectorFinanceConsumer Discretionary
IndustryFinance: Consumer ServicesBusiness Services

Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.

Key differences

  • WEX has outperformed BLSH by 59.1 percentage points over the past year.
  • WEX is more profitable, keeping 11.4 cents of every revenue dollar as net income versus -0.3 cents for Bullish.
  • The two companies sit in different sectors: Bullish in Finance and WEX in Consumer Discretionary.

About Bullish

BLSH stock →

Bullish, a global digital asset platform that provides market infrastructure and information services in United States. The company operates Bullish Exchange, a digital assets spot and derivatives exchange that integrates a central limit order book matching engine with automated market making to provide deep and predictable liquidity.

Finance · Finance: Consumer Services · 394 employees

About WEX

WEX stock →

WEX Inc. operates a commerce platform in the United States and internationally.

Consumer Discretionary · Business Services · 6,600 employees

BLSH vs WEX FAQ

Which is bigger, Bullish or WEX?

WEX (WEX) is larger, with a market capitalization of $5.79B compared with $4.83B for Bullish (BLSH).

Which stock has performed better over the past year, BLSH or WEX?

WEX returned +7.99% over the past 12 months, compared with -51.12% for BLSH (price return, excluding dividends). Past performance does not predict future results.

Are Bullish and WEX in the same industry?

No. Bullish is in the Finance sector, while WEX is in Consumer Discretionary.

More comparisons