BHF
Brighthouse Financial, Inc.
BHF's fundamentals are weak: its operating margin fell 4 points to 14% and earnings per share fell 31%. At 4.5x earnings, it's trading right at its usual valuation. Analysts expect earnings to decline, though they disagree widely on how much.
IREN
IREN Limited
There isn't enough reported data to score IREN yet.
BHF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| N/A | |
| N/A |
BHF's revenue and profitability are currently stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like BHF.
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.
BHF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 1.7x | $16.67 | -62% |
| Forward | 2.4x | $44.10 | — |
| Fair | 4.4x | $43.35 | -1.7% |
| Current | 4.5x | $44.10 | — |
| Expensive | 7.2x | $70.02 | +59% |
Historical ranges are pointers, not guarantees.
BHF's PE is in its fair range at 4.5x. On analysts' estimates for next year's earnings, today's price would be 2.4x, in its cheap range.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
BHF Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Decline | |
| Stable | |
| Weakening | |
| Limited | |
| Low |
Analysts expect BHF's earnings and profitability to decline, with its revenue holding steady. However, they disagree widely on these estimates.
IREN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
IREN has the edge over BHF on the outlook, with more favorable revenue and profitability expectations.
BHF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $18.60 | +91% |
| Q3 2026 | $9.76 | -31% |
| Q2 2026 | $12.44 | +43% |
| Q1 2026 | -$3.07 | -139% |
| Q4 2025 | $5.71 | +23% |
| Q3 2025 | $14.14 | +$34.47 |
| Q2 2025 | $8.72 | +$24.63 |
| Q1 2025 | $7.82 | +$26.86 |
| Q4 2024 | $4.64 | +$23.18 |
BHF 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.
BHF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $853M | -53% |
| Q2 2026 | $1.6B | +86% |
| Q1 2026 | $1.5B | -36% |
| Q4 2025 | $1.7B | +40% |
| Q3 2025 | $1.8B | -10% |
| Q2 2025 | $871M | -39% |
| Q1 2025 | $2.4B | +3130% |
| Q4 2024 | $1.2B | -14% |
BHF's revenue has slid since its 2020 peak: $853M last quarter, down 53% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 47% | +15 points |
| Q2 2026 | 76% | +65 points |
| Q1 2026 | -65% | -50 points |
| Q4 2025 | 8.9% | -60 points |
| Q3 2025 | 32% | +23 points |
| Q2 2025 | 11% | +9.7 points |
| Q1 2025 | -15% | +815 points |
| Q4 2024 | 69% | +153 points |
BHF 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 has the edge over BHF on sales, with more consistent year-over-year improvement.
| 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.
BHF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$476M | -507% |
| Q2 2026 | -$431M | -$430M |
| Q1 2026 | -$221M | -251% |
| Q4 2025 | -$3M | +$115M |
| Q3 2025 | $117M | +388% |
| Q2 2025 | -$1M | -100% |
| Q1 2025 | $146M | +$676M |
| Q4 2024 | -$118M | -178% |
BHF's free cash flow was −$1.1B over the past year, against $144M the year before. Free cash flow isn't a meaningful measure for financial services companies like BHF.
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.
BHF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +41.8K shares |
| 1 year | +0.6% | +369K shares |
| 3 years | -12% | -7.9M shares |
| 5 years | -30% | -25.4M shares |
| Available history | -49% | -54.6M shares |
BHF has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $43M |
| Q1 2025 | $59M |
| Q4 2024 | $60M |
BHF hasn't bought back shares in the past year.
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 | — |
BHF Net Leverage
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.
BHF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 27.9 | Oversold |
| Stochastic | 10.5 | Oversold |
BHF's weekly RSI is 28 (oversold) and its Stochastic is 11 (oversold).
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).
BHF PE vs Financial Services Sector
| Metric | BHF | Sector median | Relative |
|---|---|---|---|
| PE | 4.5x | 13x | 65% below |
| PE % | 52 | 63 | 11 pts below |
BHF is trading at 4.5x earnings, a 65% discount 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.
BHF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $47.0 | 6.1% below |
| 20 week MA | $53.7 | 18% below |
| 50 week MA | $59.1 | 25% below |
| 100 week MA | $56.6 | 22% below |
| 200 week MA | $52.3 | 16% below |
BHF is in a downtrend: it's below all five of its weekly moving averages, and 16% below its 200-week average.
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 the edge over BHF on trend strength, trading above more of its moving averages.
BHF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $39.5 | $35.4 | -10% |
| 2021 | $35.4 | $52.2 | +47% |
| 2022 | $52.2 | $51.1 | -2.1% |
| 2023 | $51.1 | $52.9 | +3.5% |
| 2024 | $52.9 | $48.2 | -8.9% |
| 2025 | $48.2 | $64.9 | +34% |
| 2026 YTD | $64.9 | $44.1 | -32% |
BHF 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.