AJG
Arthur J. Gallagher & Co.
AJG's fundamentals are mixed: revenue grew 26%, but its operating margin fell 2 points to 13%. At 42x earnings, it's trading above its usual 38x. Analysts expect earnings growth.
CIFR
Cipher Mining Inc.
There isn't enough reported data to score CIFR yet.
AJG Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
AJG's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like AJG.
CIFR Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Weak | |
| N/A | |
| N/A |
CIFR's revenue and profitability are currently weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like CIFR.
AJG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 19x | $277 | — |
| Cheap | 30x | $195 | -30% |
| Fair | 38x | $250 | -9.7% |
| Current | 42x | $277 | — |
| Expensive | 51x | $332 | +20% |
Historical ranges are pointers, not guarantees.
AJG's PE is in its expensive range at 42x. If earnings grow as analysts expect, today's price would be 19x next year's earnings, in its cheap range.
CIFR PE Valuation
CIFR has no meaningful PE right now: it lost money over the past year.
AJG Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Moderate | |
| High |
Analysts expect earnings and revenue growth for AJG, with profitability improving.
CIFR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect CIFR's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
AJG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $14.41 | +120% |
| Q3 2026 | $6.54 | +4.5% |
| Q2 2026 | $6.03 | -8.8% |
| Q1 2026 | $6.18 | -4.6% |
| Q4 2025 | $5.74 | -12% |
| Q3 2025 | $6.26 | +20% |
| Q2 2025 | $6.61 | +29% |
| Q1 2025 | $6.48 | +32% |
| Q4 2024 | $6.50 | +47% |
AJG has the edge over CIFR on earnings quality, reporting a profit while its opponent remains loss making.
CIFR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$3.06 | -$2.86 |
| Q2 2026 | -$2.85 | -$2.40 |
| Q1 2026 | -$2.32 | -$1.94 |
| Q4 2025 | -$2.15 | -$2.01 |
| Q3 2025 | -$0.20 | -$0.07 |
| Q2 2025 | -$0.45 | -850% |
| Q1 2025 | -$0.38 | -733% |
| Q4 2024 | -$0.14 | -$0.04 |
CIFR lost $3.06 per share over the past year, and its loss has widened in each of the last four quarters.
AJG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4B | +18% |
| Q2 2026 | $4B | +24% |
| Q1 2026 | $4.8B | +28% |
| Q4 2025 | $3.6B | +34% |
| Q3 2025 | $3.4B | +20% |
| Q2 2025 | $3.2B | +16% |
| Q1 2025 | $3.7B | +14% |
| Q4 2024 | $2.7B | +12% |
AJG has the edge over CIFR on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +2.6 points |
| Q2 2026 | 10% | -4.3 points |
| Q1 2026 | 22% | -1.5 points |
| Q4 2025 | 5% | -7.3 points |
| Q3 2025 | 10% | -4.1 points |
| Q2 2025 | 15% | +1.5 points |
| Q1 2025 | 23% | -0.3 points |
| Q4 2024 | 12% | +16 points |
AJG has the edge over CIFR on profitability, with a higher operating margin.
CIFR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $26.7M | -63% |
| Q2 2026 | $24.8M | -43% |
| Q1 2026 | $34.8M | -29% |
| Q4 2025 | $59.7M | +41% |
| Q3 2025 | $71.7M | +198% |
| Q2 2025 | $43.6M | +18% |
| Q1 2025 | $49M | +1.7% |
| Q4 2024 | $42.2M | -2.8% |
CIFR's revenue has slid since its 2025 peak: $27M last quarter, down 63% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -269% | -217 points |
| Q2 2026 | -316% | -212 points |
| Q1 2026 | -329% | -251 points |
| Q4 2025 | -503% | -544 points |
| Q3 2025 | -52% | +327 points |
| Q2 2025 | -104% | -60 points |
| Q1 2025 | -78% | -175 points |
| Q4 2024 | 40% | +4 points |
CIFR's operating margin was −269% last quarter, down 217 points from the same quarter a year ago.
AJG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +87% |
| Q2 2026 | -$41M | +$424.5M |
| Q1 2026 | $921M | +9.2% |
| Q4 2025 | $713.4M | +2.5% |
| Q3 2025 | $693.5M | -23% |
| Q2 2025 | -$465.5M | -631% |
| Q1 2025 | $843.6M | +11% |
| Q4 2024 | $695.7M | +7.4% |
AJG has the edge over CIFR on cash generation, producing positive trailing cash flow while its opponent burns cash.
CIFR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.7B | -$1.4B |
| Q2 2026 | -$653.8M | -$566.3M |
| Q1 2026 | -$462.5M | -$390.7M |
| Q4 2025 | -$280.3M | -$204.2M |
| Q3 2025 | -$256.2M | -$173.1M |
| Q2 2025 | -$87.5M | -$54.3M |
| Q1 2025 | -$71.8M | -$37.3M |
| Q4 2024 | -$76.1M | +$38M |
CIFR's free cash flow was −$3.1B over the past year, against −$492M the year before. Free cash flow isn't a meaningful measure for financial services companies like CIFR.
AJG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | +100K shares |
| 3 years | +19% | +41M shares |
| 5 years | +24% | +49.7M shares |
| Available history | +38% | +70.7M shares |
AJG has the edge over CIFR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $100M |
| Q2 2026 | $170M |
| Q1 2026 | $310M |
CIFR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7.4% | +30.3M shares |
| 1 year | +12% | +46.5M shares |
| 3 years | +75% | +188M shares |
| 5 years | +102% | +222M shares |
CIFR has 440M diluted shares, up 12% from a year ago, despite $151M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $19.7M |
| Q2 2026 | $45.2M |
| Q1 2026 | $3.8M |
| Q4 2025 | $82.3M |
| Q3 2025 | $3M |
| Q2 2025 | $3.2M |
| Q1 2025 | $1.1M |
| Q4 2024 | $16.9M |
CIFR spent $151M buying back its own shares over the past year, about six times what it spent the year before.
AJG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 3.2x | Elevated |
| Q2 2026 | 3.6x | Elevated |
| Q1 2026 | 3.5x | Elevated |
| Q4 2025 | 3.8x | Elevated |
| Q3 2025 | 3.8x | Elevated |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2025 | -1.3x | Net Cash |
| Q4 2024 | -0.8x | Net Cash |
AJG's net debt is about 3.2 years of its operating earnings (EBITDA), down from 3.8 years a year ago. Net leverage isn't a meaningful measure for financial services companies like AJG.
CIFR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2025 | -2.3x | Net Cash |
| Q1 2025 | 125.4x | High |
| Q4 2024 | 0.5x | Very low |
| Q3 2024 | -0.7x | Net Cash |
| Q2 2024 | -1.2x | Net Cash |
| Q1 2024 | -0.9x | Net Cash |
| Q4 2023 | -2.2x | Net Cash |
| Q2 2023 | -0.1x | Net Cash |
CIFR has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like CIFR.
AJG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 63.3 | Neutral |
| Stochastic | 85.8 | Overbought |
AJG's weekly RSI is 63 (neutral) and its Stochastic is 86 (overbought).
CIFR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.4 | Neutral |
| Stochastic | 7.8 | Oversold |
CIFR's weekly RSI is 34 (neutral) and its Stochastic is 8 (oversold).
AJG PE vs Financial Services Sector
| Metric | AJG | Sector median | Relative |
|---|---|---|---|
| PE | 42x | 13x | 226% above |
| PE % | 66 | 63 | 3 pts above |
AJG is trading at 42x earnings, a 226% premium to the Financial Services sector's median of 13x.
CIFR PE vs Financial Services Sector
| Metric | CIFR | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
CIFR has no meaningful PE right now: it lost money over the past year.
AJG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $256.0 | 8.3% above |
| 20 week MA | $253.9 | 9.2% above |
| 50 week MA | $237.6 | 17% above |
| 100 week MA | $271.8 | 2% above |
| 200 week MA | $256.1 | 8.3% above |
AJG has the edge over CIFR on trend strength, trading above more of its moving averages.
CIFR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.6 | 33% below |
| 20 week MA | $15.5 | 54% below |
| 50 week MA | $17.0 | 58% below |
| 100 week MA | $12.2 | 41% below |
| 200 week MA | $7.86 | 9% below |
CIFR is in a downtrend: it's below all five of its weekly moving averages, and 9% below its 200-week average.
AJG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $94.8 | $123.4 | +30% |
| 2021 | $123.4 | $166.5 | +35% |
| 2022 | $166.5 | $188.4 | +13% |
| 2023 | $188.4 | $224.9 | +19% |
| 2024 | $224.9 | $286.5 | +27% |
| 2025 | $286.5 | $261.5 | -8.7% |
| 2026 YTD | $261.5 | $277.3 | +6% |
AJG has the edge over CIFR on returns for 2026, with the stronger performance.
CIFR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.92 | $9.95 | +0.3% |
| 2021 | $9.95 | $5.21 | -48% |
| 2022 | $5.21 | $0.54 | -90% |
| 2023 | $0.54 | $4.13 | +665% |
| 2024 | $4.13 | $4.86 | +18% |
| 2025 | $4.86 | $15.2 | +213% |
| 2026 YTD | $15.2 | $7.15 | -53% |
CIFR's yearly returns have swung widely, from +665% in 2023 to −90% in 2022. It's down 53% so far in 2026.