CIFR

Cipher Mining Inc.

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

HFWA

Heritage Financial Corporation

65
Fundamentals66/ 100
Valuation52/ 100
Upside potential74/ 100
Risk potential12/ 100

HFWA's fundamentals are strong: revenue grew 33% and earnings per share grew 22%. At 14x earnings, it's trading in line with its usual 14x. Analysts expect that strong growth to continue.

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.

HFWA Fundamentals

MetricStatus
Strong
Strong
N/A
N/A

HFWA's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like HFWA.

CIFR PE Valuation

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

HFWA PE Valuation

CHEAPFAIREXPENSIVE6.4x13x19x26x
CHEAPFAIREXPENSIVE6.4x13x19x26x
LevelPEPriceVs current
Cheap9.1x$18.36-35%
Forward11x$28.21—
Fair14x$27.25-3.4%
Current14x$28.21—
Expensive18x$35.45+26%

Historical ranges are pointers, not guarantees.

HFWA's PE is in its fair range at 14x. If earnings grow as analysts expect, today's price would be 11x next year's earnings.

CIFR Forward outlook

MetricOutlook
--
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.

HFWA Forward outlook

MetricOutlook
Improving
Strong growth
Growth
Strongly improving
Limited
Moderate

Analysts expect earnings and revenue growth for HFWA, with profitability improving.

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 HFWA's risk to reward.

HFWA Risk to reward

ScenarioChangePrice
Upside+34%$37.72
Downside-12%$24.88

Calculated from the latest close: $28.21 on Nov 12.

There is not enough scenario data to compare CIFR and HFWA'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.

HFWA Earnings Per Share

Q4 2023: $1.75Q1 2024: $1.33Q2 2024: $1.26Q3 2024: $1.08Q4 2024: $1.24Q1 2025: $1.48Q2 2025: $1.43Q3 2025: $1.65Q4 2025: $1.96Q1 2026: $2.04Q2 2026: $2.10Q3 2026: $2.01Forward: $2.50
Q4 2023: $1.75Q1 2024: $1.33Q2 2024: $1.26Q3 2024: $1.08Q4 2024: $1.24Q1 2025: $1.48Q2 2025: $1.43Q3 2025: $1.65Q4 2025: $1.96Q1 2026: $2.04Q2 2026: $2.10Q3 2026: $2.01Forward: $2.50
QuarterTTM EPSYoY
Forward$2.50+24%
Q3 2026$2.01+22%
Q2 2026$2.10+47%
Q1 2026$2.04+38%
Q4 2025$1.96+58%
Q3 2025$1.65+53%
Q2 2025$1.43+13%
Q1 2025$1.48+11%
Q4 2024$1.24-29%

HFWA 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's revenue has slid since its 2025 peak: $27M last quarter, down 63% from the same quarter a year ago.

HFWA Quarterly Revenue

Q4 2023: $51MQ1 2024: $49MQ2 2024: $56MQ3 2024: $55MQ4 2024: $57MQ1 2025: $58MQ2 2025: $57MQ3 2025: $66MQ4 2025: $66MQ1 2026: $78MQ2 2026: $84MQ3 2026: $87M
Q4 2023: $51MQ1 2024: $49MQ2 2024: $56MQ3 2024: $55MQ4 2024: $57MQ1 2025: $58MQ2 2025: $57MQ3 2025: $66MQ4 2025: $66MQ1 2026: $78MQ2 2026: $84MQ3 2026: $87M
QuarterRevenueYoY
Q3 2026$86.5M+32%
Q2 2026$84.1M+49%
Q1 2026$77.9M+35%
Q4 2025$66.3M+16%
Q3 2025$65.7M+20%
Q2 2025$56.5M+0.3%
Q1 2025$57.6M+18%
Q4 2024$57.1M+12%

HFWA has the edge over CIFR on sales, with more consistent year-over-year improvement.

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'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.

HFWA Free Cash Flow

Q4 2023: $30MQ1 2024: $12MQ2 2024: $6MQ3 2024: $23MQ4 2024: $20MQ1 2025: $18MQ2 2025: $21MQ3 2025: $24MQ4 2025: $22MQ1 2026: $13MQ2 2026: $21MQ3 2026: $28M
Q4 2023: $30MQ1 2024: $12MQ2 2024: $6MQ3 2024: $23MQ4 2024: $20MQ1 2025: $18MQ2 2025: $21MQ3 2025: $24MQ4 2025: $22MQ1 2026: $13MQ2 2026: $21MQ3 2026: $28M
QuarterFree cash flowYoY
Q3 2026$28.4M+16%
Q2 2026$21.1M+0.9%
Q1 2026$12.7M-30%
Q4 2025$22.3M+12%
Q3 2025$24.4M+5%
Q2 2025$20.9M+250%
Q1 2025$18.1M+51%
Q4 2024$19.8M-34%

HFWA has the edge over CIFR on cash generation, producing positive trailing cash flow while its opponent burns cash.

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 the edge over HFWA on shareholder dilution, with a more favorable share count trend.

HFWA Total Shares

Q4 2023: 35MQ1 2024: 35MQ2 2024: 35MQ3 2024: 35MQ4 2024: 35MQ1 2025: 35MQ2 2025: 34MQ3 2025: 34MQ4 2025: 34MQ1 2026: 39MQ2 2026: 42MQ3 2026: 41M
Q4 2023: 35MQ1 2024: 35MQ2 2024: 35MQ3 2024: 35MQ4 2024: 35MQ1 2025: 35MQ2 2025: 34MQ3 2025: 34MQ4 2025: 34MQ1 2026: 39MQ2 2026: 42MQ3 2026: 41M
PeriodChange %Net change
Quarterly-0.8%-329K shares
1 year+20%+6.8M shares
3 years+17%+6.1M shares
5 years+15%+5.3M shares
Available history+11%+4.2M shares

HFWA has 41M diluted shares, up 20% from a year ago, despite $21M in buybacks over the past year.

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.

HFWA Net Leverage

Q4 2023: 3.6xQ1 2024: 5.4xQ2 2024: 7.2xQ3 2024: 4.6xQ4 2024: 4.9xQ1 2025: 0.3xQ2 2025: 0.2xQ3 2025: -1.5xQ4 2025: -2.7xQ1 2026: -2.9xQ2 2026: -0.4xQ3 2026: -0.7x
Q4 2023: 3.6xQ1 2024: 5.4xQ2 2024: 7.2xQ3 2024: 4.6xQ4 2024: 4.9xQ1 2025: 0.3xQ2 2025: 0.2xQ3 2025: -1.5xQ4 2025: -2.7xQ1 2026: -2.9xQ2 2026: -0.4xQ3 2026: -0.7x
QuarterNet LeverageStatus
Q3 2026-0.7xNet Cash
Q2 2026-0.4xNet Cash
Q1 2026-2.9xNet Cash
Q4 2025-2.7xNet Cash
Q3 2025-1.5xNet Cash
Q2 20250.2xVery low
Q1 20250.3xVery low
Q4 20244.9xHigh

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

CIFR Weekly Momentum

MetricValueStatus
RSI34.4Neutral
Stochastic7.8Oversold

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

HFWA Weekly Momentum

MetricValueStatus
RSI50.1Neutral
Stochastic45.1Neutral

HFWA's weekly RSI is 50 (neutral) and its Stochastic is 45 (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.

HFWA PE vs Financial Services Sector

MetricHFWASector medianRelative
PE14x13x7.8% above
PE %55638 pts below

HFWA is trading at 14x earnings, in line with 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.

HFWA Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$28.20% above
20 week MA$28.92.4% below
50 week MA$27.42.9% above
100 week MA$25.510% above
200 week MA$22.824% above

HFWA 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.

HFWA Yearly ROI

YearStart priceEnd priceROI
2020$28.2$23.0-18%
2021$23.0$24.0+4.4%
2022$24.0$30.8+28%
2023$30.8$21.4-31%
2024$21.4$24.3+14%
2025$24.3$24.5+0.6%
2026 YTD$24.5$28.2+15%

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

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