CIFR

Cipher Mining Inc.

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

ONB

Old National Bancorp

66
Fundamentals80/ 100
Valuation57/ 100
Upside potential64/ 100
Risk potential13/ 100

ONB's fundamentals are strong: revenue grew 22% and its operating margin rose 10 points to 43%. At 10x earnings, it's trading below its usual 12x. Analysts expect earnings growth.

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.

ONB Fundamentals

MetricStatus
Stable
Strong
N/A
N/A

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

CIFR PE Valuation

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

ONB PE Valuation

CHEAPFAIREXPENSIVE4.9x9.9x15x20x
CHEAPFAIREXPENSIVE4.9x9.9x15x20x
LevelPEPriceVs current
Cheap9x$22.15-11%
Forward9.2x$24.94—
Current10x$24.94—
Fair12x$28.68+15%
Expensive14x$34.10+37%

Historical ranges are pointers, not guarantees.

ONB's PE is in its cheap range at 10x. If earnings grow as analysts expect, today's price would be 9.2x next year's earnings.

CIFR Forward outlook

MetricOutlook
--
Losses shrinking
Strong growth
Strongly improving
Limited
Low

CIFR has the edge over ONB on the outlook, with more favorable revenue expectations.

ONB Forward outlook

MetricOutlook
Improving
Growth
Stable
Strongly improving
Limited
Moderate

Analysts expect ONB's earnings to grow and its profitability to improve, with its revenue holding steady.

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 ONB's risk to reward.

ONB Risk to reward

ScenarioChangePrice
Upside+23%$30.67
Downside-13%$21.71

Calculated from the latest close: $24.94 on Nov 12.

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

ONB Earnings Per Share

Q4 2023: $1.94Q1 2024: $1.85Q2 2024: $1.70Q3 2024: $1.65Q4 2024: $1.68Q1 2025: $1.72Q2 2025: $1.69Q3 2025: $1.71Q4 2025: $1.79Q1 2026: $1.94Q2 2026: $2.25Q3 2026: $2.45Forward: $2.72
Q4 2023: $1.94Q1 2024: $1.85Q2 2024: $1.70Q3 2024: $1.65Q4 2024: $1.68Q1 2025: $1.72Q2 2025: $1.69Q3 2025: $1.71Q4 2025: $1.79Q1 2026: $1.94Q2 2026: $2.25Q3 2026: $2.45Forward: $2.72
QuarterTTM EPSYoY
Forward$2.72+11%
Q3 2026$2.45+43%
Q2 2026$2.25+33%
Q1 2026$1.94+13%
Q4 2025$1.79+6.5%
Q3 2025$1.71+3.6%
Q2 2025$1.69-0.6%
Q1 2025$1.72-7%
Q4 2024$1.68-13%

ONB 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.

ONB Quarterly Revenue

Q4 2023: $465MQ1 2024: $434MQ2 2024: $476MQ3 2024: $486MQ4 2024: $490MQ1 2025: $481MQ2 2025: $647MQ3 2025: $705MQ4 2025: $691MQ1 2026: $695MQ2 2026: $733MQ3 2026: $713M
Q4 2023: $465MQ1 2024: $434MQ2 2024: $476MQ3 2024: $486MQ4 2024: $490MQ1 2025: $481MQ2 2025: $647MQ3 2025: $705MQ4 2025: $691MQ1 2026: $695MQ2 2026: $733MQ3 2026: $713M
QuarterRevenueYoY
Q3 2026$712.7M+1.1%
Q2 2026$732.6M+13%
Q1 2026$694.9M+44%
Q4 2025$690.6M+41%
Q3 2025$705.1M+45%
Q2 2025$647.3M+36%
Q1 2025$481.4M+11%
Q4 2024$489.9M+5.5%

ONB 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.

ONB Free Cash Flow

Q4 2023: $63MQ1 2024: $96MQ2 2024: $152MQ3 2024: $116MQ4 2024: $229MQ1 2025: $102MQ2 2025: $64MQ3 2025: $334MQ4 2025: $137MQ1 2026: $193MQ2 2026: $276MQ3 2026: $373M
Q4 2023: $63MQ1 2024: $96MQ2 2024: $152MQ3 2024: $116MQ4 2024: $229MQ1 2025: $102MQ2 2025: $64MQ3 2025: $334MQ4 2025: $137MQ1 2026: $193MQ2 2026: $276MQ3 2026: $373M
QuarterFree cash flowYoY
Q3 2026$373.2M+12%
Q2 2026$275.9M+330%
Q1 2026$193.3M+89%
Q4 2025$137.3M-40%
Q3 2025$333.6M+188%
Q2 2025$64.1M-58%
Q1 2025$102.4M+7%
Q4 2024$229M+266%

ONB 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 440M diluted shares, up 12% from a year ago, despite $151M in buybacks over the past year.

ONB Total Shares

Q4 2023: 292MQ1 2024: 292MQ2 2024: 316MQ3 2024: 317MQ4 2024: 311MQ1 2025: 321MQ2 2025: 361MQ3 2025: 390MQ4 2025: 365MQ1 2026: 388MQ2 2026: 383MQ3 2026: 381M
Q4 2023: 292MQ1 2024: 292MQ2 2024: 316MQ3 2024: 317MQ4 2024: 311MQ1 2025: 321MQ2 2025: 361MQ3 2025: 390MQ4 2025: 365MQ1 2026: 388MQ2 2026: 383MQ3 2026: 381M
PeriodChange %Net change
Quarterly-0.6%-2.4M shares
1 year-2.5%-9.6M shares
3 years+31%+89.2M shares
5 years+130%+215M shares
Available history+124%+211M shares

ONB 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.

ONB Net Leverage

Q4 2023: 4.8xQ1 2024: 5.2xQ2 2024: 5.9xQ3 2024: 5.3xQ4 2024: 5.3xQ1 2025: 5.1xQ2 2025: 6.2xQ3 2025: 5.6xQ4 2025: 5.5xQ1 2026: 5.1xQ2 2026: 4.8xQ3 2026: 3.8x
Q4 2023: 4.8xQ1 2024: 5.2xQ2 2024: 5.9xQ3 2024: 5.3xQ4 2024: 5.3xQ1 2025: 5.1xQ2 2025: 6.2xQ3 2025: 5.6xQ4 2025: 5.5xQ1 2026: 5.1xQ2 2026: 4.8xQ3 2026: 3.8x
QuarterNet LeverageStatus
Q3 20263.8xElevated
Q2 20264.8xHigh
Q1 20265.1xHigh
Q4 20255.5xHigh
Q3 20255.6xHigh
Q2 20256.2xHigh
Q1 20255.1xHigh
Q4 20245.3xHigh

ONB's net debt is about 3.8 years of its operating earnings (EBITDA), down from 5.6 years a year ago. Net leverage isn't a meaningful measure for financial services companies like ONB.

CIFR Weekly Momentum

MetricValueStatus
RSI34.4Neutral
Stochastic7.8Oversold

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

ONB Weekly Momentum

MetricValueStatus
RSI48.8Neutral
Stochastic28.1Neutral

ONB's weekly RSI is 49 (neutral) and its Stochastic is 28 (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.

ONB PE vs Financial Services Sector

MetricONBSector medianRelative
PE10x13x22% below
PE %286335 pts below

ONB is trading at 10x earnings, a 22% discount 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.

ONB Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$25.00.4% below
20 week MA$25.73.1% below
50 week MA$24.42.1% above
100 week MA$23.08.4% above
200 week MA$19.826% above

ONB 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.

ONB Yearly ROI

YearStart priceEnd priceROI
2020$18.3$16.6-9.3%
2021$16.6$17.9+8.1%
2022$17.9$17.8-0.7%
2023$17.8$16.9-5%
2024$16.9$21.8+29%
2025$21.8$23.0+5.6%
2026 YTD$23.0$24.9+8.5%

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

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