CIFR

Cipher Mining Inc.

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

WTW

Willis Towers Watson Public Limited Company

59
Fundamentals50/ 100
Valuation58/ 100
Upside potential60/ 100
Risk potential11/ 100

WTW's fundamentals are mixed: revenue grew 4.8%, but earnings per share fell 23%. At 20x earnings, it's trading below its usual 23x. 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.

WTW Fundamentals

MetricStatus
Stable
Healthy
N/A
N/A

WTW'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 WTW.

CIFR PE Valuation

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

WTW PE Valuation

CHEAPFAIREXPENSIVE60x120x181x241x
CHEAPFAIREXPENSIVE60x120x181x241x
LevelPEPriceVs current
Cheap13x$208-37%
Forward15x$329—
Current20x$329—
Fair23x$368+12%
Expensive27x$441+34%

Historical ranges are pointers, not guarantees.

WTW's PE is in its fair range at 20x. If earnings grow as analysts expect, today's price would be 15x next year's earnings, in its cheap range.

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.

WTW Forward outlook

MetricOutlook
Strongly improving
Growth
Growth
Strongly improving
Moderate
Moderate

Analysts expect earnings and revenue growth for WTW, 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 WTW's risk to reward.

WTW Risk to reward

ScenarioChangePrice
Upside+16%$382.89
Downside-11%$293.17

Calculated from the latest close: $328.78 on Nov 12.

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

WTW Earnings Per Share

Q4 2023: $9.95Q1 2024: $9.90Q2 2024: $10.38Q3 2024: $-7.35Q4 2024: $-0.96Q1 2025: $-0.46Q2 2025: $1.50Q3 2025: $21.05Q4 2025: $16.26Q1 2026: $17.03Q2 2026: $16.14Q3 2026: $16.27Forward: $21.62
Q4 2023: $9.95Q1 2024: $9.90Q2 2024: $10.38Q3 2024: $-7.35Q4 2024: $-0.96Q1 2025: $-0.46Q2 2025: $1.50Q3 2025: $21.05Q4 2025: $16.26Q1 2026: $17.03Q2 2026: $16.14Q3 2026: $16.27Forward: $21.62
QuarterTTM EPSYoY
Forward$21.62+33%
Q3 2026$16.27-23%
Q2 2026$16.14+976%
Q1 2026$17.03+$17.49
Q4 2025$16.26+$17.22
Q3 2025$21.05+$28.40
Q2 2025$1.50-86%
Q1 2025-$0.46-105%
Q4 2024-$0.96-110%

WTW 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.

WTW Quarterly Revenue

Q4 2023: $2.9BQ1 2024: $2.3BQ2 2024: $2.3BQ3 2024: $2.3BQ4 2024: $3BQ1 2025: $2.2BQ2 2025: $2.3BQ3 2025: $2.3BQ4 2025: $2.9BQ1 2026: $2.4BQ2 2026: $2.5BQ3 2026: $2.5B
Q4 2023: $2.9BQ1 2024: $2.3BQ2 2024: $2.3BQ3 2024: $2.3BQ4 2024: $3BQ1 2025: $2.2BQ2 2025: $2.3BQ3 2025: $2.3BQ4 2025: $2.9BQ1 2026: $2.4BQ2 2026: $2.5BQ3 2026: $2.5B
QuarterRevenueYoY
Q3 2026$2.5B+7.5%
Q2 2026$2.5B+9.1%
Q1 2026$2.4B+8.5%
Q4 2025$2.9B-3.3%
Q3 2025$2.3B0%
Q2 2025$2.3B-0.2%
Q1 2025$2.2B-5%
Q4 2024$3B+4.2%

WTW 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.

WTW Free Cash Flow

Q4 2023: $522MQ1 2024: $24MQ2 2024: $407MQ3 2024: $482MQ4 2024: $599MQ1 2025: −$86MQ2 2025: $303MQ3 2025: $621MQ4 2025: $708MQ1 2026: −$65MQ2 2026: $425MQ3 2026: $675M
Q4 2023: $522MQ1 2024: $24MQ2 2024: $407MQ3 2024: $482MQ4 2024: $599MQ1 2025: −$86MQ2 2025: $303MQ3 2025: $621MQ4 2025: $708MQ1 2026: −$65MQ2 2026: $425MQ3 2026: $675M
QuarterFree cash flowYoY
Q3 2026$675M+8.7%
Q2 2026$425M+40%
Q1 2026-$65M+$21M
Q4 2025$708M+18%
Q3 2025$621M+29%
Q2 2025$303M-26%
Q1 2025-$86M-458%
Q4 2024$599M+15%

WTW 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.

WTW Total Shares

Q4 2023: 106MQ1 2024: 104MQ2 2024: 103MQ3 2024: 102MQ4 2024: 102MQ1 2025: 101MQ2 2025: 100MQ3 2025: 98MQ4 2025: 99MQ1 2026: 96MQ2 2026: 94MQ3 2026: 94M
Q4 2023: 106MQ1 2024: 104MQ2 2024: 103MQ3 2024: 102MQ4 2024: 102MQ1 2025: 101MQ2 2025: 100MQ3 2025: 98MQ4 2025: 99MQ1 2026: 96MQ2 2026: 94MQ3 2026: 94M
PeriodChange %Net change
Quarterly0%--
1 year-4.1%-4M shares
3 years-10%-11M shares
5 years-27%-35M shares
Available history-28%-36M shares

WTW 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.

WTW Net Leverage

Q4 2023: 2.0xQ1 2024: 2.2xQ2 2024: 2.1xQ3 2024: 4.0xQ4 2024: 3.2xQ1 2025: 3.1xQ2 2025: 2.5xQ3 2025: 1.4xQ4 2025: 1.2xQ1 2026: 1.7xQ2 2026: 1.8xQ3 2026: 1.7x
Q4 2023: 2.0xQ1 2024: 2.2xQ2 2024: 2.1xQ3 2024: 4.0xQ4 2024: 3.2xQ1 2025: 3.1xQ2 2025: 2.5xQ3 2025: 1.4xQ4 2025: 1.2xQ1 2026: 1.7xQ2 2026: 1.8xQ3 2026: 1.7x
QuarterNet LeverageStatus
Q3 20261.7xHealthy
Q2 20261.8xHealthy
Q1 20261.7xHealthy
Q4 20251.2xHealthy
Q3 20251.4xHealthy
Q2 20252.5xModerate
Q1 20253.1xElevated
Q4 20243.2xElevated

WTW's net debt is about 1.7 years of its operating earnings (EBITDA), up from 1.4 years a year ago. Net leverage isn't a meaningful measure for financial services companies like WTW.

CIFR Weekly Momentum

MetricValueStatus
RSI34.4Neutral
Stochastic7.8Oversold

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

WTW Weekly Momentum

MetricValueStatus
RSI58.2Neutral
Stochastic64.5Neutral

WTW's weekly RSI is 58 (neutral) and its Stochastic is 65 (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.

WTW PE vs Financial Services Sector

MetricWTWSector medianRelative
PE20x13x55% above
PE %386325 pts below

WTW is trading at 20x earnings, a 55% 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.

WTW Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$312.75.1% above
20 week MA$316.24% above
50 week MA$302.58.7% above
100 week MA$311.75.5% above
200 week MA$282.017% above

WTW 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.

WTW Yearly ROI

YearStart priceEnd priceROI
2020$201.8$211.8+5%
2021$211.8$236.5+12%
2022$236.5$244.4+3.4%
2023$244.4$241.2-1.3%
2024$241.2$316.3+31%
2025$316.3$334.6+5.8%
2026 YTD$334.6$328.8-1.7%

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

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