CIFR
Cipher Mining Inc.
There isn't enough reported data to score CIFR yet.
HBNC
Horizon Bancorp, Inc.
HBNC's fundamentals are mixed: revenue grew 38%, while earnings per share more than tripled. At 11x earnings, it's trading in line with its usual 10x. Analysts expect earnings growth.
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.
HBNC Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Strong | |
| N/A | |
| N/A |
HBNC's profitability is currently strong. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like HBNC.
CIFR PE Valuation
CIFR has no meaningful PE right now: it lost money over the past year.
HBNC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.8x | $13.59 | -36% |
| Forward | 9.6x | $21.19 | — |
| Fair | 10x | $20.01 | -5.6% |
| Current | 11x | $21.19 | — |
| Expensive | 19x | $38.49 | +82% |
Historical ranges are pointers, not guarantees.
HBNC's PE is in its fair range at 11x. If earnings grow as analysts expect, today's price would be 9.6x next year's earnings.
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.
HBNC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for HBNC, with profitability improving.
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 |
HBNC has the stronger earnings trend. Trailing diluted EPS is down 1,630% for CIFR versus HBNC up 326%.
HBNC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.20 | +10% |
| Q2 2025 | $1.17 | +172% |
| Q1 2025 | $1.02 | +89% |
| Q4 2024 | $0.80 | +25% |
| Q3 2024 | $0.47 | -72% |
| Q2 2024 | $0.43 | -77% |
| Q1 2024 | $0.54 | -73% |
| Q4 2023 | $0.64 | -70% |
| Q3 2023 | $1.70 | -21% |
HBNC earned $2.00 per share over the past year, about four times what it earned the year before.
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% |
HBNC has the stronger quarterly revenue trend. Revenue is down 63% for CIFR versus up 16% for HBNC.
| 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.
HBNC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $75.5M | +14% |
| Q1 2026 | $73.5M | +6.9% |
| Q4 2025 | $74.9M | +210% |
| Q2 2025 | $66.3M | +19% |
| Q1 2025 | $68.8M | +29% |
| Q4 2024 | $24.2M | +11% |
| Q3 2024 | $58.4M | +8.3% |
| Q2 2024 | $55.8M | -2.4% |
HBNC's revenue has grown year over year for eight quarters in a row: $77M last quarter, up 16% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 44% | N/A |
| Q2 2026 | 41% | +3.9 points |
| Q1 2026 | 44% | +3.2 points |
| Q4 2025 | 44% | +134 points |
| Q2 2025 | 37% | +8.4 points |
| Q1 2025 | 41% | +12 points |
| Q4 2024 | -91% | -4.5 points |
| Q3 2024 | 31% | -1.4 points |
HBNC has the edge over CIFR on profitability, with a higher operating margin.
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 |
HBNC has the stronger cash trend. Its trailing FCF is up 52% versus its history, compared with CIFR at down 974%.
HBNC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $31.3M | +73% |
| Q1 2026 | $20.7M | +47% |
| Q4 2025 | $32.6M | +$82.8M |
| Q2 2025 | $18.1M | +20% |
| Q1 2025 | $14.1M | +163% |
| Q4 2024 | -$50.2M | -468% |
| Q3 2024 | $31M | +8.1% |
| Q2 2024 | $15.1M | +7.1% |
HBNC's free cash flow was $111M over the past year, about nine times what it generated the year before. Free cash flow isn't a meaningful measure for financial services companies like HBNC.
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 the edge over HBNC on shareholder dilution, with a more favorable share count trend.
| 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.
HBNC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +53.7K shares |
| 1 year | +17% | +7.3M shares |
| 3 years | +17% | +7.6M shares |
| 5 years | +16% | +7.2M shares |
| Available history | +14% | +6.3M shares |
HBNC has 51M diluted shares, up 17% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
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.
HBNC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.5x | Net Cash |
| Q2 2025 | -2.4x | Net Cash |
| Q1 2025 | -3.4x | Net Cash |
| Q4 2024 | 24.9x | High |
| Q3 2024 | -5.7x | Net Cash |
| Q2 2024 | -3.6x | Net Cash |
| Q1 2024 | -6.0x | Net Cash |
| Q4 2023 | 16.6x | High |
HBNC has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like HBNC.
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).
HBNC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 66.5 | Neutral |
| Stochastic | 76.2 | Neutral |
HBNC's weekly RSI is 67 (neutral) and its Stochastic is 76 (neutral).
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.
HBNC PE vs Financial Services Sector
| Metric | HBNC | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 19% below |
| PE % | 60 | 63 | 3 pts below |
HBNC is trading at 11x earnings, a 19% discount to the Financial Services sector's median of 13x.
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.
HBNC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $20.1 | 5.6% above |
| 20 week MA | $20.0 | 6% above |
| 50 week MA | $18.7 | 14% above |
| 100 week MA | $17.2 | 23% above |
| 200 week MA | $15.0 | 41% above |
HBNC has the edge over CIFR on trend strength, trading above more of its moving averages.
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.
HBNC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.0 | $15.6 | -18% |
| 2021 | $15.6 | $20.7 | +33% |
| 2022 | $20.7 | $15.2 | -26% |
| 2023 | $15.2 | $14.3 | -6% |
| 2024 | $14.3 | $16.1 | +12% |
| 2025 | $16.1 | $17.5 | +8.5% |
| 2026 YTD | $17.5 | $21.2 | +21% |
HBNC has the edge over CIFR on returns for 2026, with the stronger performance.