CIFR

Cipher Mining Inc.

There isn't enough reported data to score CIFR yet.

EIG

Employers Holdings, Inc.

30
Fundamentals28/ 100
Valuation9/ 100
Upside potential52/ 100
Risk potential13/ 100

EIG's fundamentals are weak and it looks expensive: trading at 26x earnings, more than twice its usual 11x. Analysts expect earnings to hold roughly steady.

CIFR Fundamentals

MetricStatus
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.

EIG Fundamentals

MetricStatus
Under pressure
Stable
N/A
N/A

EIG's profitability is currently stable, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like EIG.

CIFR PE Valuation

CIFR has no meaningful PE right now: it lost money over the past year.

EIG PE Valuation

CHEAPFAIREXPENSIVE29x59x88x117x
CHEAPFAIREXPENSIVE29x59x88x117x
LevelPEPriceVs current
Cheap8.8x$16.04-66%
Fair10x$19.10-60%
Forward21x$47.36—
Expensive22x$39.61-16%
Current26x$47.36—

Historical ranges are pointers, not guarantees.

EIG's PE is in its expensive range at 26x. On analysts' estimates for next year's earnings, today's price would be 21x.

CIFR Forward outlook

MetricOutlook
--
Losses shrinking
Strong growth
Strongly improving
Limited
Low

CIFR has the edge over EIG on the outlook, with more favorable earnings and revenue expectations.

EIG Forward outlook

MetricOutlook
Improving
Stable
Decline
Improving
Limited
High

Analysts expect EIG's profitability to improve, but its revenue to decline.

CIFR Risk to reward

ScenarioChangePrice
UpsideUnknown—
DownsideUnknown—

Calculated from the latest close: $7.15 on Nov 12.

There is not enough scenario data to compare CIFR and EIG's risk to reward.

EIG Risk to reward

ScenarioChangePrice
Upside+14%$54.13
Downside-13%$41.08

Calculated from the latest close: $47.36 on Nov 12.

There is not enough scenario data to compare CIFR and EIG's risk to reward.

CIFR Earnings Per Share

Q4 2023: $-0.10Q1 2024: $0.06Q2 2024: $0.06Q3 2024: $-0.13Q4 2024: $-0.14Q1 2025: $-0.38Q2 2025: $-0.45Q3 2025: $-0.20Q4 2025: $-2.15Q1 2026: $-2.32Q2 2026: $-2.85Q3 2026: $-3.06
Q4 2023: $-0.10Q1 2024: $0.06Q2 2024: $0.06Q3 2024: $-0.13Q4 2024: $-0.14Q1 2025: $-0.38Q2 2025: $-0.45Q3 2025: $-0.20Q4 2025: $-2.15Q1 2026: $-2.32Q2 2026: $-2.85Q3 2026: $-3.06
QuarterTTM EPSYoY
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.

EIG Earnings Per Share

Q4 2023: $4.45Q1 2024: $4.70Q2 2024: $4.65Q3 2024: $5.32Q4 2024: $4.71Q1 2025: $4.12Q2 2025: $4.10Q3 2025: $2.53Q4 2025: $0.46Q1 2026: $0.46Q2 2026: $0.82Q3 2026: $1.82Forward: $2.21
Q4 2023: $4.45Q1 2024: $4.70Q2 2024: $4.65Q3 2024: $5.32Q4 2024: $4.71Q1 2025: $4.12Q2 2025: $4.10Q3 2025: $2.53Q4 2025: $0.46Q1 2026: $0.46Q2 2026: $0.82Q3 2026: $1.82Forward: $2.21
QuarterTTM EPSYoY
Forward$2.21+21%
Q3 2026$1.82-28%
Q2 2026$0.82-80%
Q1 2026$0.46-89%
Q4 2025$0.46-90%
Q3 2025$2.53-52%
Q2 2025$4.10-12%
Q1 2025$4.12-12%
Q4 2024$4.71+5.8%

EIG has the edge over CIFR on earnings quality, reporting a profit while its opponent remains loss making.

CIFR Quarterly Revenue

Q4 2023: $43MQ1 2024: $48MQ2 2024: $37MQ3 2024: $24MQ4 2024: $42MQ1 2025: $49MQ2 2025: $44MQ3 2025: $72MQ4 2025: $60MQ1 2026: $35MQ2 2026: $25MQ3 2026: $27M
Q4 2023: $43MQ1 2024: $48MQ2 2024: $37MQ3 2024: $24MQ4 2024: $42MQ1 2025: $49MQ2 2025: $44MQ3 2025: $72MQ4 2025: $60MQ1 2026: $35MQ2 2026: $25MQ3 2026: $27M
QuarterRevenueYoY
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 has the edge over EIG on sales, with more consistent year-over-year improvement.

EIG Quarterly Revenue

Q4 2023: $226MQ1 2024: $223MQ2 2024: $217MQ3 2024: $224MQ4 2024: $217MQ1 2025: $203MQ2 2025: $246MQ3 2025: $239MQ4 2025: $171MQ1 2026: $208MQ2 2026: $220MQ3 2026: $189M
Q4 2023: $226MQ1 2024: $223MQ2 2024: $217MQ3 2024: $224MQ4 2024: $217MQ1 2025: $203MQ2 2025: $246MQ3 2025: $239MQ4 2025: $171MQ1 2026: $208MQ2 2026: $220MQ3 2026: $189M
QuarterRevenueYoY
Q3 2026$189.3M-21%
Q2 2026$220.2M-11%
Q1 2026$207.6M+2.5%
Q4 2025$170.5M-21%
Q3 2025$239.3M+6.8%
Q2 2025$246.3M+14%
Q1 2025$202.6M-9.2%
Q4 2024$216.6M-4%

EIG's revenue has slid since its 2025 peak: $189M last quarter, down 21% from the same quarter a year ago.

CIFR Free Cash Flow

Q4 2023: −$114MQ1 2024: −$35MQ2 2024: −$33MQ3 2024: −$83MQ4 2024: −$76MQ1 2025: −$72MQ2 2025: −$88MQ3 2025: −$256MQ4 2025: −$280MQ1 2026: −$462MQ2 2026: −$654MQ3 2026: −$1.7B
Q4 2023: −$114MQ1 2024: −$35MQ2 2024: −$33MQ3 2024: −$83MQ4 2024: −$76MQ1 2025: −$72MQ2 2025: −$88MQ3 2025: −$256MQ4 2025: −$280MQ1 2026: −$462MQ2 2026: −$654MQ3 2026: −$1.7B
QuarterFree cash flowYoY
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 has the edge over EIG on cash flow, with more consistent year-over-year improvement.

EIG Free Cash Flow

Q4 2023: $27MQ1 2024: −$700,000Q2 2024: --Q3 2024: $50MQ4 2024: $11MQ1 2025: $14MQ2 2025: −$900,000Q3 2025: $29MQ4 2025: $500,000Q1 2026: $1MQ2 2026: −$11MQ3 2026: −$12M
Q4 2023: $27MQ1 2024: −$700,000Q2 2024: --Q3 2024: $50MQ4 2024: $11MQ1 2025: $14MQ2 2025: −$900,000Q3 2025: $29MQ4 2025: $500,000Q1 2026: $1MQ2 2026: −$11MQ3 2026: −$12M
QuarterFree cash flowYoY
Q3 2026-$12.2M-142%
Q2 2026-$10.9M-$10M
Q1 2026$1.3M-91%
Q4 2025$500K-96%
Q3 2025$28.8M-43%
Q1 2025$14.1M+$14.8M
Q4 2024$11.4M-58%
Q3 2024$50.1M+105%

EIG's free cash flow was −$21M over the past year, against $53M the year before. Free cash flow isn't a meaningful measure for financial services companies like EIG.

CIFR Total Shares

Q4 2023: 252MQ1 2024: 304MQ2 2024: 314MQ3 2024: 333MQ4 2024: 323MQ1 2025: 361MQ2 2025: 375MQ3 2025: 393MQ4 2025: 382MQ1 2026: 405MQ2 2026: 409MQ3 2026: 440M
Q4 2023: 252MQ1 2024: 304MQ2 2024: 314MQ3 2024: 333MQ4 2024: 323MQ1 2025: 361MQ2 2025: 375MQ3 2025: 393MQ4 2025: 382MQ1 2026: 405MQ2 2026: 409MQ3 2026: 440M
PeriodChange %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.

EIG Total Shares

Q4 2023: 27MQ1 2024: 26MQ2 2024: 25MQ3 2024: 25MQ4 2024: 25MQ1 2025: 25MQ2 2025: 24MQ3 2025: 23MQ4 2025: 24MQ1 2026: 20MQ2 2026: 18MQ3 2026: 18M
Q4 2023: 27MQ1 2024: 26MQ2 2024: 25MQ3 2024: 25MQ4 2024: 25MQ1 2025: 25MQ2 2025: 24MQ3 2025: 23MQ4 2025: 24MQ1 2026: 20MQ2 2026: 18MQ3 2026: 18M
PeriodChange %Net change
Quarterly-1.2%-228K shares
1 year-23%-5.3M shares
3 years-31%-8.1M shares
5 years-37%-10.4M shares
Available history-44%-14.5M shares

EIG has the edge over CIFR on shareholder dilution, with a more favorable share count trend.

CIFR Net Leverage

Q4 2023: -2.2xQ1 2024: -0.9xQ2 2024: -1.2xQ3 2024: -0.7xQ4 2024: 0.5xQ1 2025: 125.4xQ3 2025: -2.3x
Q4 2023: -2.2xQ1 2024: -0.9xQ2 2024: -1.2xQ3 2024: -0.7xQ4 2024: 0.5xQ1 2025: 125.4xQ3 2025: -2.3x
QuarterNet LeverageStatus
Q3 2025-2.3xNet Cash
Q1 2025125.4xHigh
Q4 20240.5xVery low
Q3 2024-0.7xNet Cash
Q2 2024-1.2xNet Cash
Q1 2024-0.9xNet Cash
Q4 2023-2.2xNet Cash
Q2 2023-0.1xNet Cash

CIFR has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like CIFR.

EIG Net Leverage

Q4 2023: -1.5xQ1 2024: -0.7xQ2 2025: -0.5xQ3 2025: -1.7xQ4 2025: -4.8xQ1 2026: -1.2xQ2 2026: 0.6xQ3 2026: 1.1x
Q4 2023: -1.5xQ1 2024: -0.7xQ2 2025: -0.5xQ3 2025: -1.7xQ4 2025: -4.8xQ1 2026: -1.2xQ2 2026: 0.6xQ3 2026: 1.1x
QuarterNet LeverageStatus
Q3 20261.1xHealthy
Q2 20260.6xVery low
Q1 2026-1.2xNet Cash
Q4 2025-4.8xNet Cash
Q3 2025-1.7xNet Cash
Q2 2025-0.5xNet Cash
Q1 2024-0.7xNet Cash
Q4 2023-1.5xNet Cash

EIG's net debt is about 1.1 years of its operating earnings (EBITDA), after holding more cash than debt a year ago. Net leverage isn't a meaningful measure for financial services companies like EIG.

CIFR Weekly Momentum

MetricValueStatus
RSI34.4Neutral
Stochastic7.8Oversold

CIFR's weekly RSI is 34 (neutral) and its Stochastic is 8 (oversold).

EIG Weekly Momentum

MetricValueStatus
RSI49.0Neutral
Stochastic21.3Neutral

EIG's weekly RSI is 49 (neutral) and its Stochastic is 21 (neutral).

CIFR PE vs Financial Services Sector

MetricCIFRSector medianRelative
PEN/A13x—

CIFR has no meaningful PE right now: it lost money over the past year.

EIG PE vs Financial Services Sector

MetricEIGSector medianRelative
PE26x13x100% above
PE %906327 pts above

EIG is trading at 26x earnings, a 100% premium to the Financial Services sector's median of 13x.

CIFR Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$10.633% below
20 week MA$15.554% below
50 week MA$17.058% below
100 week MA$12.241% below
200 week MA$7.869% below

CIFR is in a downtrend: it's below all five of its weekly moving averages, and 9% below its 200-week average.

EIG Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$48.62.5% below
20 week MA$49.33.9% below
50 week MA$45.44.2% above
100 week MA$45.73.6% above
200 week MA$44.27.2% above

EIG has the edge over CIFR on trend strength, trading above more of its moving averages.

CIFR Yearly ROI

YearStart priceEnd priceROI
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.

EIG Yearly ROI

YearStart priceEnd priceROI
2020$41.6$31.9-23%
2021$31.9$40.6+27%
2022$40.6$43.5+7.3%
2023$43.5$39.4-9.5%
2024$39.4$50.9+29%
2025$50.9$42.9-16%
2026 YTD$42.9$47.4+10%

EIG has the edge over CIFR on returns for 2026, with the stronger performance.

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