In the fast-evolving software infrastructure sector, CoreWeave, Inc. (CRWV) and MongoDB, Inc. (MDB) stand out as dynamic players with distinct yet overlapping market roles. CoreWeave specializes in cloud platforms optimized for AI workloads, while MongoDB leads in database solutions for diverse environments. This comparison explores their innovation strategies and market positions to help you identify which company offers the most compelling investment opportunity in 2026.
Table of contents
Companies Overview
I will begin the comparison between CoreWeave and MongoDB by providing an overview of these two companies and their main differences.
CoreWeave Overview
CoreWeave, Inc. operates a cloud platform focused on scaling, support, and acceleration for generative AI workloads. The company provides infrastructure services including GPU and CPU compute, storage, networking, and virtual servers, targeting enterprises needing high-performance computing. Incorporated in 2017 and based in Livingston, New Jersey, CoreWeave serves niche AI and rendering sectors with a workforce of 881 employees and a market cap of $50.4B.
MongoDB Overview
MongoDB, Inc. offers a general-purpose database platform globally, including commercial and cloud-based database solutions like MongoDB Enterprise Advanced and MongoDB Atlas. Founded in 2007 and headquartered in New York City, MongoDB supports diverse deployment environments and provides consulting and training services. With 5,558 employees and a market cap of $32.5B, it caters broadly to enterprise database needs across cloud and on-premises setups.
Key similarities and differences
Both CoreWeave and MongoDB operate in the Software – Infrastructure sector, serving enterprise customers with scalable technology solutions. CoreWeave specializes in high-performance cloud infrastructure for AI workloads, while MongoDB focuses on database platforms across cloud and hybrid environments. CoreWeave is a newer, smaller firm with a higher beta, reflecting greater volatility, whereas MongoDB has a larger workforce and a longer market presence.
Income Statement Comparison
This table presents the most recent fiscal year income statement figures for CoreWeave, Inc. Class A Common Stock and MongoDB, Inc., highlighting key financial metrics for a clear comparison.
| Metric | CoreWeave, Inc. Class A Common Stock | MongoDB, Inc. |
|---|---|---|
| Market Cap | 50.4B | 32.5B |
| Revenue | 1.92B | 2.01B |
| EBITDA | 480M | -97M |
| EBIT | -383M | -124M |
| Net Income | -863M | -129M |
| EPS | -2.33 | -1.73 |
| Fiscal Year | 2024 | 2025 |
Income Statement Interpretations
CoreWeave, Inc. Class A Common Stock
CoreWeave’s revenue surged dramatically from $15.8M in 2022 to $1.92B in 2024, reflecting rapid expansion. Despite gross margin stability at 74.24%, net income remained negative, with a worsening net margin of -45.08%. The 2024 year showed strong revenue growth but persistent losses and unfavorable EBIT and interest expense margins.
MongoDB, Inc.
MongoDB’s revenue grew steadily from $590M in 2021 to $2.01B in 2025 with a consistent gross margin near 73.3%. Net income improved overall, with net margin at -6.43% in 2025, reflecting better profitability trends. The latest year saw positive growth in revenue, EBIT, and EPS, supported by efficient cost management and favorable interest expenses.
Which one has the stronger fundamentals?
MongoDB displays stronger fundamentals with consistent revenue growth, improving profitability, and a far smaller net loss margin compared to CoreWeave. CoreWeave shows impressive top-line growth but struggles with high costs, negative net income, and unfavorable margins. MongoDB’s more balanced margin profile and positive earnings growth suggest relatively sounder income statement health.
Financial Ratios Comparison
Below is a comparison of the most recent financial ratios for CoreWeave, Inc. Class A Common Stock (CRWV) and MongoDB, Inc. (MDB) for the fiscal year 2024/2025, highlighting key performance and financial health metrics.
| Ratios | CoreWeave, Inc. (CRWV) 2024 | MongoDB, Inc. (MDB) 2025 |
|---|---|---|
| ROE | 2.09% | -4.64% |
| ROIC | 2.08% | -7.36% |
| P/E | -18.73 | -157.88 |
| P/B | -39.11 | 7.32 |
| Current Ratio | 0.39 | 5.20 |
| Quick Ratio | 0.39 | 5.20 |
| D/E (Debt-to-Equity) | -25.68 | 0.01 |
| Debt-to-Assets | 59.56% | 1.06% |
| Interest Coverage | 0.90 | -26.70 |
| Asset Turnover | 0.11 | 0.58 |
| Fixed Asset Turnover | 0.13 | 24.78 |
| Payout ratio | -6.69% | 0% |
| Dividend yield | 0.36% | 0% |
Interpretation of the Ratios
CoreWeave, Inc. Class A Common Stock
CoreWeave exhibits mostly unfavorable ratios, including a low current ratio of 0.39 and high debt-to-assets at 59.56%, indicating liquidity and leverage concerns. However, it shows a strong return on equity of 208.77% and favorable price-to-earnings and price-to-book metrics. The company does not pay dividends, likely reflecting a growth focus and reinvestment strategy.
MongoDB, Inc.
MongoDB shows a mixed ratio profile with some strengths such as a high quick ratio of 5.2 and favorable fixed asset turnover of 24.78, but also weaknesses like negative returns on equity and invested capital, and unfavorable net margin of -6.43%. It does not pay dividends, which suggests prioritization of growth and reinvestment over shareholder payouts.
Which one has the best ratios?
Both companies have an overall unfavorable ratio profile, but CoreWeave’s exceptionally high return on equity contrasts with MongoDB’s negative profitability metrics. MongoDB benefits from stronger liquidity and asset turnover ratios. Neither company pays dividends, consistent with their growth strategies, making the comparative evaluation dependent on investor priorities rather than a clear ratio superiority.
Strategic Positioning
This section compares the strategic positioning of CoreWeave and MongoDB, including market position, key segments, and exposure to disruption:
CoreWeave, Inc. Class A Common Stock
- Market position and competitive pressure
- Key segments and business drivers
- Exposure to technological disruption
MongoDB, Inc.
- Market cap $50.4B, high beta 21.65, operates in cloud infrastructure for GenAI workloads
- Provides GPU/CPU compute, storage, networking, AI training, VFX rendering services
- Focused on emerging GenAI infrastructure, potentially sensitive to rapid tech changes
CoreWeave vs MongoDB Positioning
CoreWeave is specialized in scalable GenAI infrastructure, concentrating on high-performance workloads, while MongoDB has a diversified database platform addressing multiple cloud and enterprise segments. CoreWeave’s niche focus may limit diversification compared to MongoDB’s broader market reach.
Which has the best competitive advantage?
Both companies are currently shedding value as ROIC is below WACC; however, MongoDB shows a growing ROIC trend, indicating improving profitability, while CoreWeave’s ROIC remains stable but unfavorable.
Stock Comparison
The stock price movements of CoreWeave, Inc. Class A Common Stock (CRWV) and MongoDB, Inc. (MDB) over the past 12 months reveal contrasting trajectories, with CoreWeave displaying strong gains followed by recent weakness, while MongoDB shows an overall decline with recent positive momentum.
Trend Analysis
CoreWeave’s stock exhibited a bullish trend over the past year with a 153.08% gain, though its upward momentum decelerated. Notable volatility is reflected in a 35.67 std deviation, with prices ranging from 39.09 to 183.58.
MongoDB’s stock followed a bearish trend over the past year, declining by 11.46%, but recent performance indicates an accelerating upward trend with an 11.1% gain since November 2025. Volatility remains high with a 72.49 std deviation.
Comparing the two, CoreWeave delivered the highest market performance over the last 12 months despite recent corrections, while MongoDB’s overall trend remained negative but shows signs of recovery in the short term.
Target Prices
Analysts provide a clear target price consensus for CoreWeave, Inc. and MongoDB, Inc., reflecting optimistic growth expectations.
| Company | Target High | Target Low | Consensus |
|---|---|---|---|
| CoreWeave, Inc. Class A Common Stock | 175 | 68 | 115.79 |
| MongoDB, Inc. | 500 | 375 | 445.2 |
The consensus targets for both stocks exceed their current prices—CoreWeave at $101.23 versus a $115.79 consensus, and MongoDB at $399.76 versus a $445.2 consensus—indicating analysts generally expect upward price movement.
Analyst Opinions Comparison
This section compares analysts’ ratings and grades for CoreWeave, Inc. Class A Common Stock (CRWV) and MongoDB, Inc. (MDB):
Rating Comparison
CRWV Rating
- Rating: D+ with a very favorable status.
- Discounted Cash Flow Score: 1, very unfavorable.
- ROE Score: 1, very unfavorable.
- ROA Score: 1, very unfavorable.
- Debt To Equity Score: 1, very unfavorable.
- Overall Score: 1, very unfavorable.
MDB Rating
- Rating: C with a very favorable status.
- Discounted Cash Flow Score: 2, moderate.
- ROE Score: 1, very unfavorable.
- ROA Score: 1, very unfavorable.
- Debt To Equity Score: 4, favorable.
- Overall Score: 2, moderate.
Which one is the best rated?
Based on the provided data, MDB is better rated overall with a higher rating (C vs. D+), better discounted cash flow score, a more favorable debt-to-equity score, and a higher overall score than CRWV. However, both share low ROE and ROA scores.
Scores Comparison
The company scores comparison includes Altman Z-Score and Piotroski Score evaluations:
CRWV Scores
- Altman Z-Score: 0.80, in distress zone, high bankruptcy risk.
- Piotroski Score: 3, very weak financial strength.
MDB Scores
- Altman Z-Score: 30.24, in safe zone, very low bankruptcy risk.
- Piotroski Score: 4, average financial strength.
Which company has the best scores?
MDB has significantly better scores, with a very high Altman Z-Score indicating low bankruptcy risk and an average Piotroski Score. CRWV’s scores show distress and very weak financial strength, based strictly on the provided data.
Grades Comparison
Here is the grades comparison for CoreWeave, Inc. Class A Common Stock and MongoDB, Inc.:
CoreWeave, Inc. Class A Common Stock Grades
The following table summarizes recent grades assigned by major grading companies for CoreWeave:
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| Barclays | Maintain | Equal Weight | 2026-01-12 |
| Wells Fargo | Maintain | Overweight | 2026-01-08 |
| Jefferies | Maintain | Buy | 2026-01-05 |
| DA Davidson | Upgrade | Neutral | 2026-01-05 |
| Goldman Sachs | Maintain | Neutral | 2025-11-17 |
| HC Wainwright & Co. | Maintain | Buy | 2025-11-12 |
| Wells Fargo | Maintain | Overweight | 2025-11-12 |
| Barclays | Maintain | Equal Weight | 2025-11-12 |
| Loop Capital | Maintain | Buy | 2025-11-12 |
| B of A Securities | Maintain | Neutral | 2025-11-11 |
CoreWeave’s grades show a balanced outlook with a mix of Buy, Neutral, Overweight, and Equal Weight ratings, indicating varied analyst sentiment.
MongoDB, Inc. Grades
The table below details MongoDB’s recent grades by reputable grading firms:
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| Needham | Maintain | Buy | 2026-01-12 |
| Barclays | Maintain | Overweight | 2026-01-12 |
| Truist Securities | Maintain | Buy | 2026-01-07 |
| Needham | Maintain | Buy | 2026-01-06 |
| RBC Capital | Maintain | Outperform | 2026-01-05 |
| Argus Research | Maintain | Buy | 2025-12-04 |
| Citigroup | Maintain | Buy | 2025-12-03 |
| Goldman Sachs | Maintain | Buy | 2025-12-03 |
| Canaccord Genuity | Maintain | Buy | 2025-12-02 |
| Morgan Stanley | Maintain | Overweight | 2025-12-02 |
MongoDB consistently receives strong Buy and Outperform ratings, reflecting a broadly positive consensus from analysts.
Which company has the best grades?
MongoDB has received notably stronger and more consistent Buy and Outperform grades compared to CoreWeave’s mixed ratings. This stronger analyst confidence may influence investor perception of MongoDB’s growth potential and risk profile more favorably.
Strengths and Weaknesses
Below is a comparative table outlining the strengths and weaknesses of CoreWeave, Inc. Class A Common Stock (CRWV) and MongoDB, Inc. (MDB) based on the most recent data.
| Criterion | CoreWeave, Inc. (CRWV) | MongoDB, Inc. (MDB) |
|---|---|---|
| Diversification | Limited product range; primarily cloud GPU computing | Diversified revenue streams: Atlas cloud DB, subscriptions, services |
| Profitability | Negative net margin (-45.08%), ROIC 2.08%; value destroying | Negative net margin (-6.43%), declining ROIC (-7.36%); but improving profitability trend |
| Innovation | High ROE (208.77%) suggests strong operational efficiency | Strong innovation with rapidly growing Atlas revenue (1.4B in 2025) |
| Global presence | Smaller scale, less global footprint | Significant global presence with a large and growing customer base |
| Market Share | Niche market leader in cloud GPU infrastructure | Leading player in NoSQL database market, expanding cloud services |
Key takeaways: CoreWeave shows operational efficiency but struggles with profitability and scale, limiting diversification and global reach. MongoDB, while currently unprofitable, is expanding rapidly with a growing revenue base and diversified offerings, indicating improving long-term potential despite short-term challenges. Investors should weigh CoreWeave’s niche focus against MongoDB’s growth trajectory and innovation.
Risk Analysis
Below is a comparison of key risks for CoreWeave, Inc. Class A Common Stock (CRWV) and MongoDB, Inc. (MDB) based on the most recent data available.
| Metric | CoreWeave, Inc. (CRWV) | MongoDB, Inc. (MDB) |
|---|---|---|
| Market Risk | Very high beta at 21.65, indicating extreme volatility | Moderate beta at 1.38, typical market sensitivity |
| Debt level | High debt-to-assets ratio at 59.56%, unfavorable leverage | Very low debt-to-assets at 1.06%, strong balance sheet |
| Regulatory Risk | Moderate, typical for US tech sector | Moderate, standard compliance risks in software industry |
| Operational Risk | Low asset turnover (0.11), weak operational efficiency | Moderate asset turnover (0.58), better but not optimal |
| Environmental Risk | Moderate, no major exposure reported | Moderate, no major exposure reported |
| Geopolitical Risk | Low, primarily US-based operations | Low, primarily US-based operations |
In summary, CoreWeave faces the most impactful risks from its extremely high market volatility and elevated leverage, posing significant financial distress concerns. MongoDB shows better financial stability and lower market risk but has modest operational efficiency challenges. Investors should weigh CRWV’s high beta and debt carefully against MDB’s more moderate risk profile.
Which Stock to Choose?
CoreWeave, Inc. Class A Common Stock (CRWV) shows a strong income growth of 736.64% in one year with a favorable gross margin of 74.24%, yet suffers from negative net margin (-45.08%) and weak liquidity (current ratio 0.39). Its financial ratios are mostly unfavorable, with a high debt ratio and poor coverage, though ROE is notably favorable at 208.77%. The company’s rating is very unfavorable (D+), and it is assessed as value-destroying with no improvement in ROIC versus WACC.
MongoDB, Inc. (MDB) reports steady income growth of 19.22% in the last year and a similarly favorable gross margin of 73.32%. It maintains better liquidity (current ratio 5.2), a moderate debt profile, and mixed profitability metrics with a negative net margin (-6.43%) and unfavorable ROE (-4.64%). Its financial ratios are globally unfavorable but slightly better balanced than CRWV. The rating is more moderate (C), and although it currently destroys value, its ROIC shows a positive growth trend.
Investors focused on rapid growth might find CoreWeave’s sharp revenue expansion and high ROE suggestive, despite its liquidity and profitability challenges. Conversely, those prioritizing financial stability and improving profitability could interpret MongoDB’s more balanced ratios and improving ROIC as indicators of gradual value creation potential. Thus, the choice might depend on whether one prefers aggressive growth exposure or a more moderate, improving financial profile.
Disclaimer: Investment carries a risk of loss of initial capital. The past performance is not a reliable indicator of future results. Be sure to understand risks before making an investment decision.
Go Further
I encourage you to read the complete analyses of CoreWeave, Inc. Class A Common Stock and MongoDB, Inc. to enhance your investment decisions:
