BMO
Bank of Montreal
BMO's fundamentals are mixed: its operating margin rose 3 points to 17%, but revenue fell 3.5%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
CIFR
Cipher Mining Inc.
There isn't enough reported data to score CIFR yet.
BMO Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
BMO's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like BMO.
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.
BMO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.3x | $75.31 | -56% |
| Fair | 13x | $118 | -32% |
| Expensive | 17x | $151 | -13% |
| Current | 19x | $173 | — |
Historical ranges are pointers, not guarantees.
BMO's PE is 19x, but its earnings don't support one, so it isn't a reliable read right now.
CIFR PE Valuation
CIFR has no meaningful PE right now: it lost money over the past year.
BMO Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for BMO, 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.
BMO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $9.12 | +20% |
| Q1 2026 | $8.42 | +13% |
| Q4 2025 | $8.03 | +20% |
| Q3 2025 | $8.04 | +32% |
| Q2 2025 | $7.57 | +30% |
| Q1 2025 | $7.47 | +48% |
| Q4 2024 | $6.69 | +71% |
| Q3 2024 | $6.07 | -14% |
BMO has the stronger earnings trend. Trailing diluted EPS is up 20% for BMO versus CIFR down 1,630%.
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.
BMO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $13.6B | +0.2% |
| Q1 2026 | $13.6B | -5.5% |
| Q4 2025 | $13.6B | -2.4% |
| Q3 2025 | $13.5B | -6.2% |
| Q2 2025 | $13.5B | -1.7% |
| Q1 2025 | $14.4B | +8.8% |
| Q4 2024 | $13.9B | +4% |
| Q3 2024 | $14.4B | +14% |
BMO has the stronger quarterly revenue trend. Revenue is up 0.2% for BMO versus down 63% for CIFR.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 18% | +4.6 points |
| Q1 2026 | 17% | +3.4 points |
| Q4 2025 | 16% | +0.5 points |
| Q3 2025 | 16% | +4.1 points |
| Q2 2025 | 14% | +1.2 points |
| Q1 2025 | 14% | +5 points |
| Q4 2024 | 15% | +3.8 points |
| Q3 2024 | 12% | +0.9 points |
BMO's operating margin was 18% last quarter, up 4.6 points from the same quarter a year ago.
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.
BMO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $6.1B | +$8.6B |
| Q1 2026 | $995.5M | -68% |
| Q4 2025 | $8.6B | +187% |
| Q3 2025 | -$3.2B | -386% |
| Q2 2025 | -$2.6B | -199% |
| Q1 2025 | $3.2B | -71% |
| Q4 2024 | $3B | +42% |
| Q3 2024 | $1.1B | -84% |
BMO has the stronger cash trend. Its trailing FCF is down 25% versus its history, compared with CIFR at down 974%.
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.
BMO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -2.2% | -16.3M shares |
| 3 years | -0.4% | -2.6M shares |
| 5 years | +9.6% | +62.1M shares |
| Available history | +11% | +69.7M shares |
BMO has the edge over CIFR on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $815.5M |
| Q1 2026 | $1.6B |
| Q4 2025 | $972.3M |
| Q3 2025 | $625M |
| Q2 2025 | $677M |
| Q1 2025 | $337.5M |
| Q4 2024 | — |
| Q3 2024 | — |
BMO spent $4B buying back its own shares over the past year, about four times what it spent the year before.
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.
BMO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 6.6x | High |
| Q1 2026 | 4.3x | High |
| Q4 2025 | 25.1x | High |
| Q3 2025 | 24.2x | High |
| Q2 2025 | 25.0x | High |
| Q1 2025 | 24.7x | High |
| Q4 2024 | 26.2x | High |
| Q3 2024 | 27.6x | High |
BMO's net debt is about 6.6 years of its operating earnings (EBITDA), down from more than 20 years a year ago. Net leverage isn't a meaningful measure for financial services companies like BMO.
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.
BMO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.6 | Neutral |
| Stochastic | 44.0 | Neutral |
BMO's weekly RSI is 58 (neutral) and its Stochastic is 44 (neutral).
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).
BMO PE vs Financial Services Sector
| Metric | BMO | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 13x | 46% above |
| PE % | 94 | 63 | 31 pts above |
BMO is trading at 19x earnings, a 46% premium to the Financial Services sector's median of 13x, though its earnings don't support one.
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.
BMO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $169.0 | 2.3% above |
| 20 week MA | $174.1 | 0.7% below |
| 50 week MA | $156.8 | 10% above |
| 100 week MA | $132.9 | 30% above |
| 200 week MA | $111.4 | 55% above |
BMO 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.
BMO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $77.2 | $75.9 | -1.7% |
| 2021 | $75.9 | $105.9 | +40% |
| 2022 | $105.9 | $90.3 | -15% |
| 2023 | $90.3 | $98.9 | +9.6% |
| 2024 | $98.9 | $97.1 | -1.9% |
| 2025 | $97.1 | $130.9 | +35% |
| 2026 YTD | $130.9 | $172.9 | +32% |
BMO 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.