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.
IREN
IREN Limited
There isn't enough reported data to score IREN 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.
IREN Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| N/A | |
| N/A |
IREN's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like IREN.
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.
IREN PE Valuation
IREN 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 |
AJG has the edge over IREN on the outlook, with more favorable earnings expectations.
IREN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect IREN's losses to grow, 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 IREN on earnings quality, reporting a profit while its opponent remains loss making.
IREN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$3.96 | -347% |
| Q2 2026 | -$2.22 | -988% |
| Q1 2026 | $0.51 | +$1.10 |
| Q4 2025 | $1.18 | +$1.62 |
| Q3 2025 | $1.60 | +$1.99 |
| Q2 2025 | $0.25 | +$0.45 |
| Q1 2025 | -$0.59 | -$0.43 |
| Q4 2024 | -$0.44 | -$0.15 |
IREN has swung to a loss: it lost $3.96 per share over the past year, after a profit the year before.
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's revenue has grown year over year for 16 quarters in a row: $4B last quarter, up 18% from the same quarter a year ago.
| 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 IREN on profitability, with a higher operating margin.
IREN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $228M | -5.1% |
| Q2 2026 | $137.2M | -27% |
| Q1 2026 | $144.8M | 0% |
| Q4 2025 | $184.7M | +59% |
| Q3 2025 | $240.3M | +355% |
| Q2 2025 | $187.3M | +230% |
| Q1 2025 | $144.8M | +168% |
| Q4 2024 | $116.1M | +176% |
IREN's revenue has held roughly level: $228M last quarter, down 5.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -82% | -50 points |
| Q2 2026 | -452% | -461 points |
| Q1 2026 | -161% | -180 points |
| Q4 2025 | -63% | -79 points |
| Q3 2025 | -32% | +57 points |
| Q2 2025 | 9% | +49 points |
| Q1 2025 | 19% | +8 points |
| Q4 2024 | 15% | +21 points |
IREN's operating margin was −82% last quarter, down 50 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 IREN on cash generation, producing positive trailing cash flow while its opponent burns cash.
IREN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.6B | -$1.6B |
| Q2 2026 | $482.2M | +2895% |
| Q1 2026 | -$873.8M | -$523.1M |
| Q4 2025 | -$468M | -$334M |
| Q3 2025 | -$38M | +$349.4M |
| Q2 2025 | $16.1M | +$179M |
| Q1 2025 | -$350.7M | -$128.7M |
| Q4 2024 | -$134M | -$105.2M |
IREN's free cash flow was −$2.5B over the past year, against −$507M the year before. Free cash flow isn't a meaningful measure for financial services companies like IREN.
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 IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $100M |
| Q2 2026 | $170M |
| Q1 2026 | $310M |
IREN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +26% | +82.4M shares |
| 1 year | +10% | +36.9M shares |
| 3 years | +511% | +333M shares |
| 5 years | +624% | +344M shares |
| Available history | +2346% | +382M shares |
IREN has 399M diluted shares, up 10% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
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.
IREN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2026 | 157.6x | High |
| Q4 2025 | 22.2x | High |
| Q3 2025 | 4.1x | High |
| Q2 2025 | 2.0x | Moderate |
| Q1 2025 | 3.3x | Elevated |
| Q4 2024 | -4.6x | Net Cash |
| Q3 2024 | -16.7x | Net Cash |
| Q2 2024 | -15.9x | Net Cash |
IREN's net debt is more than 20 years of its operating earnings (EBITDA), up from 3.3 years a year ago. Net leverage isn't a meaningful measure for financial services companies like IREN.
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).
IREN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.3 | Neutral |
| Stochastic | 8.2 | Oversold |
IREN's weekly RSI is 33 (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.
IREN PE vs Financial Services Sector
| Metric | IREN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
IREN 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 IREN on trend strength, trading above more of its moving averages.
IREN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.8 | 35% below |
| 20 week MA | $36.2 | 46% below |
| 50 week MA | $42.8 | 54% below |
| 100 week MA | $32.0 | 39% below |
| 200 week MA | $19.1 | 2.1% above |
IREN has fallen below most of its moving averages, though it's still 2.1% above 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 IREN on returns for 2026, with the stronger performance.
IREN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $24.8 | $17.2 | -31% |
| 2022 | $17.2 | $1.19 | -93% |
| 2023 | $1.19 | $7.15 | +501% |
| 2024 | $7.15 | $10.7 | +50% |
| 2025 | $10.7 | $40.3 | +276% |
| 2026 YTD | $40.3 | $19.5 | -52% |
IREN's yearly returns have swung widely, from +501% in 2023 to −93% in 2022. It's down 52% so far in 2026.