CIFR

Cipher Mining Inc.

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

VOYA

Voya Financial, Inc.

51
Fundamentals49/ 100
Valuation31/ 100
Upside potential63/ 100
Risk potential11/ 100

VOYA's fundamentals are mixed, but it looks expensive: trading at 16x earnings, above its usual 12x. Analysts expect strong 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.

VOYA Fundamentals

MetricStatus
Stable
Healthy
N/A
N/A

VOYA'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 VOYA.

CIFR PE Valuation

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

VOYA PE Valuation

CHEAPFAIREXPENSIVE4.8x9.5x14x19x
CHEAPFAIREXPENSIVE4.8x9.5x14x19x
LevelPEPriceVs current
Cheap7.7x$47.81-53%
Forward9.4x$102—
Fair12x$73.20-28%
Expensive15x$93.42-8.6%
Current16x$102—

Historical ranges are pointers, not guarantees.

VOYA's PE is in its expensive range at 16x. If earnings grow as analysts expect, today's price would be 9.4x next year's earnings, in its cheap range.

CIFR Forward outlook

MetricOutlook
--
Losses shrinking
Strong growth
Strongly improving
Limited
Low

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

VOYA Forward outlook

MetricOutlook
Strongly improving
Strong growth
Stable
Strongly improving
Limited
Moderate

Analysts expect VOYA'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 VOYA's risk to reward.

VOYA Risk to reward

ScenarioChangePrice
Upside+19%$121.40
Downside-11%$90.78

Calculated from the latest close: $102.22 on Nov 12.

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

VOYA Earnings Per Share

Q4 2023: $5.42Q1 2024: $7.03Q2 2024: $7.58Q3 2024: $6.27Q4 2024: $6.17Q1 2025: $5.35Q2 2025: $5.05Q3 2025: $5.87Q4 2025: $6.29Q1 2026: $6.62Q2 2026: $5.93Q3 2026: $6.22Forward: $10.92
Q4 2023: $5.42Q1 2024: $7.03Q2 2024: $7.58Q3 2024: $6.27Q4 2024: $6.17Q1 2025: $5.35Q2 2025: $5.05Q3 2025: $5.87Q4 2025: $6.29Q1 2026: $6.62Q2 2026: $5.93Q3 2026: $6.22Forward: $10.92
QuarterTTM EPSYoY
Forward$10.92+76%
Q3 2026$6.22+6%
Q2 2026$5.93+17%
Q1 2026$6.62+24%
Q4 2025$6.29+1.9%
Q3 2025$5.87-6.4%
Q2 2025$5.05-33%
Q1 2025$5.35-24%
Q4 2024$6.17+14%

VOYA 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.

VOYA Quarterly Revenue

Q4 2023: $1.8BQ1 2024: $2.1BQ2 2024: $2BQ3 2024: $2BQ4 2024: $2BQ1 2025: $2BQ2 2025: $2BQ3 2025: $2.1BQ4 2025: $2.1BQ1 2026: $2BQ2 2026: $1.9BQ3 2026: $2B
Q4 2023: $1.8BQ1 2024: $2.1BQ2 2024: $2BQ3 2024: $2BQ4 2024: $2BQ1 2025: $2BQ2 2025: $2BQ3 2025: $2.1BQ4 2025: $2.1BQ1 2026: $2BQ2 2026: $1.9BQ3 2026: $2B
QuarterRevenueYoY
Q3 2026$2B-4.8%
Q2 2026$1.9B-4.3%
Q1 2026$2B+3.1%
Q4 2025$2.1B+5%
Q3 2025$2.1B+8.8%
Q2 2025$2B-2.6%
Q1 2025$2B-4%
Q4 2024$2B+11%

VOYA has the edge over CIFR on sales, with stronger typical year-over-year growth.

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.

VOYA Free Cash Flow

Q4 2023: $364MQ1 2024: $231MQ2 2024: $316MQ3 2024: $719MQ4 2024: $79MQ1 2025: −$179MQ2 2025: $742MQ3 2025: $168MQ4 2025: $557MQ1 2026: −$36MQ2 2026: $503MQ3 2026: $644M
Q4 2023: $364MQ1 2024: $231MQ2 2024: $316MQ3 2024: $719MQ4 2024: $79MQ1 2025: −$179MQ2 2025: $742MQ3 2025: $168MQ4 2025: $557MQ1 2026: −$36MQ2 2026: $503MQ3 2026: $644M
QuarterFree cash flowYoY
Q3 2026$644M+283%
Q2 2026$503M-32%
Q1 2026-$36M+$143M
Q4 2025$557M+605%
Q3 2025$168M-77%
Q2 2025$742M+135%
Q1 2025-$179M-177%
Q4 2024$79M-78%

VOYA 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.

VOYA Total Shares

Q4 2023: 109MQ1 2024: 105MQ2 2024: 102MQ3 2024: 100MQ4 2024: 101MQ1 2025: 98MQ2 2025: 98MQ3 2025: 97MQ4 2025: 97MQ1 2026: 95MQ2 2026: 92MQ3 2026: 92M
Q4 2023: 109MQ1 2024: 105MQ2 2024: 102MQ3 2024: 100MQ4 2024: 101MQ1 2025: 98MQ2 2025: 98MQ3 2025: 97MQ4 2025: 97MQ1 2026: 95MQ2 2026: 92MQ3 2026: 92M
PeriodChange %Net change
Quarterly0%--
1 year-5.2%-5.1M shares
3 years-15%-16.1M shares
5 years-25%-30.1M shares
Available history-37%-54.7M shares

VOYA 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.

VOYA Net Leverage

CIFR Weekly Momentum

MetricValueStatus
RSI34.4Neutral
Stochastic7.8Oversold

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

VOYA Weekly Momentum

MetricValueStatus
RSI64.9Neutral
Stochastic55.4Neutral

VOYA's weekly RSI is 65 (neutral) and its Stochastic is 55 (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.

VOYA PE vs Financial Services Sector

MetricVOYASector medianRelative
PE16x13x26% above
PE %916328 pts above

VOYA is trading at 16x earnings, a 26% 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.

VOYA Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$97.25.2% above
20 week MA$99.03.3% above
50 week MA$85.520% above
100 week MA$77.632% above
200 week MA$74.937% above

VOYA 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.

VOYA Yearly ROI

YearStart priceEnd priceROI
2020$60.5$57.4-5.1%
2021$57.4$67.6+18%
2022$67.6$61.9-8.5%
2023$61.9$73.0+18%
2024$73.0$68.6-6%
2025$68.6$75.1+9.5%
2026 YTD$75.1$102.2+36%

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

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