CM
Canadian Imperial Bank of Commerce
There isn't enough reported data to score CM yet.
IREN
IREN Limited
There isn't enough reported data to score IREN yet.
CM Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
CM's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like CM.
IREN Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Weak | |
| N/A | |
| N/A |
IREN's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like IREN.
CM PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.7x | $69.03 | -41% |
| Fair | 11x | $80.72 | -30% |
| Expensive | 14x | $97.67 | -16% |
| Current | 16x | $116 | — |
Historical ranges are pointers, not guarantees.
CM's PE is 16x, but its earnings don't support one, so it isn't a reliable read right now.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
CM Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
CM has the edge over IREN on the outlook, with more favorable earnings expectations.
IREN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect IREN's losses to grow, with revenue growing. However, they disagree widely on these estimates.
CM Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $7.09 | +27% |
| Q1 2026 | $6.74 | +25% |
| Q4 2025 | $6.03 | +18% |
| Q3 2025 | $5.82 | +20% |
| Q2 2025 | $5.59 | +21% |
| Q1 2025 | $5.41 | +18% |
| Q4 2024 | $5.12 | +41% |
| Q3 2024 | $4.87 | +42% |
CM has the stronger earnings trend. Trailing diluted EPS is up 27% for CM versus IREN down 347%.
IREN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$3.96 | -347% |
| Q2 2026 | -$2.22 | -988% |
| Q1 2026 | $0.51 | +$1.10 |
| Q4 2025 | $1.18 | +$1.62 |
| Q3 2025 | $1.60 | +$1.99 |
| Q2 2025 | $0.25 | +$0.45 |
| Q1 2025 | -$0.59 | -$0.43 |
| Q4 2024 | -$0.44 | -$0.15 |
IREN has swung to a loss: it lost $3.96 per share over the past year, after a profit the year before.
CM Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $10.7B | +117% |
| Q1 2026 | $5.9B | +15% |
| Q4 2025 | $5.3B | +14% |
| Q3 2025 | $5.1B | +9.8% |
| Q2 2025 | $4.9B | +14% |
| Q1 2025 | $5.1B | +17% |
| Q4 2024 | $4.7B | +13% |
| Q3 2024 | $4.6B | +13% |
CM has the stronger quarterly revenue trend. Revenue is up 117% for CM versus down 5.1% for IREN.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 21% | -16 points |
| Q1 2026 | 42% | +2.8 points |
| Q4 2025 | 37% | +0.5 points |
| Q3 2025 | 37% | +0.5 points |
| Q2 2025 | 37% | +2.1 points |
| Q1 2025 | 39% | +4 points |
| Q4 2024 | 36% | +4.5 points |
| Q3 2024 | 37% | +6 points |
CM's operating margin was 21% last quarter, down 16 points from the same quarter a year ago, near the bottom of its range since 2019.
IREN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $228M | -5.1% |
| Q2 2026 | $137.2M | -27% |
| Q1 2026 | $144.8M | 0% |
| Q4 2025 | $184.7M | +59% |
| Q3 2025 | $240.3M | +355% |
| Q2 2025 | $187.3M | +230% |
| Q1 2025 | $144.8M | +168% |
| Q4 2024 | $116.1M | +176% |
IREN's revenue has held roughly level: $228M last quarter, down 5.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -82% | -50 points |
| Q2 2026 | -452% | -461 points |
| Q1 2026 | -161% | -180 points |
| Q4 2025 | -63% | -79 points |
| Q3 2025 | -32% | +57 points |
| Q2 2025 | 9% | +49 points |
| Q1 2025 | 19% | +8 points |
| Q4 2024 | 15% | +21 points |
IREN's operating margin was −82% last quarter, down 50 points from the same quarter a year ago.
CM Free Cash Flow
CM and IREN do not have enough comparable growth data to identify a winner.
IREN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$1.6B | -$1.6B |
| Q2 2026 | $482.2M | +2895% |
| Q1 2026 | -$873.8M | -$523.1M |
| Q4 2025 | -$468M | -$334M |
| Q3 2025 | -$38M | +$349.4M |
| Q2 2025 | $16.1M | +$179M |
| Q1 2025 | -$350.7M | -$128.7M |
| Q4 2024 | -$134M | -$105.2M |
IREN's free cash flow was −$2.5B over the past year, against −$507M the year before. Free cash flow isn't a meaningful measure for financial services companies like IREN.
CM Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.5% | -14M shares |
| 1 year | -2.7% | -25.3M shares |
| 3 years | +0.5% | +4.2M shares |
| 5 years | +2.1% | +18.7M shares |
| Available history | +2.9% | +25.6M shares |
CM has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $625.7M |
| Q4 2025 | $527.3M |
| Q3 2025 | $210.9M |
| Q2 2025 | — |
| Q1 2025 | $210.9M |
| Q4 2024 | — |
| Q3 2024 | $457M |
| Q2 2024 | $228.5M |
IREN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +26% | +82.4M shares |
| 1 year | +10% | +36.9M shares |
| 3 years | +511% | +333M shares |
| 5 years | +624% | +344M shares |
| Available history | +2346% | +382M shares |
IREN has 399M diluted shares, up 10% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
CM Net Leverage
IREN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2026 | 157.6x | High |
| Q4 2025 | 22.2x | High |
| Q3 2025 | 4.1x | High |
| Q2 2025 | 2.0x | Moderate |
| Q1 2025 | 3.3x | Elevated |
| Q4 2024 | -4.6x | Net Cash |
| Q3 2024 | -16.7x | Net Cash |
| Q2 2024 | -15.9x | Net Cash |
IREN's net debt is more than 20 years of its operating earnings (EBITDA), up from 3.3 years a year ago. Net leverage isn't a meaningful measure for financial services companies like IREN.
CM Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.1 | Neutral |
| Stochastic | 49.6 | Neutral |
CM's weekly RSI is 56 (neutral) and its Stochastic is 50 (neutral).
IREN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.3 | Neutral |
| Stochastic | 8.2 | Oversold |
IREN's weekly RSI is 33 (neutral) and its Stochastic is 8 (oversold).
CM PE vs Financial Services Sector
| Metric | CM | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 13x | 26% above |
| PE % | 98 | 63 | 35 pts above |
CM is trading at 16x earnings, a 26% premium to the Financial Services sector's median of 13x, though its earnings don't support one.
IREN PE vs Financial Services Sector
| Metric | IREN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
IREN has no meaningful PE right now: it lost money over the past year.
CM Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $113.5 | 2.2% above |
| 20 week MA | $115.9 | 0.2% above |
| 50 week MA | $106.9 | 8.5% above |
| 100 week MA | $88.3 | 31% above |
| 200 week MA | $67.9 | 71% above |
CM has the edge over IREN on trend strength, trading above more of its moving averages.
IREN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.8 | 35% below |
| 20 week MA | $36.2 | 46% below |
| 50 week MA | $42.8 | 54% below |
| 100 week MA | $32.0 | 39% below |
| 200 week MA | $19.1 | 2.1% above |
IREN has fallen below most of its moving averages, though it's still 2.1% above its 200-week average.
CM Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.4 | $43.7 | +5.5% |
| 2021 | $43.7 | $58.0 | +33% |
| 2022 | $58.0 | $41.0 | -29% |
| 2023 | $41.0 | $48.1 | +17% |
| 2024 | $48.1 | $62.9 | +31% |
| 2025 | $62.9 | $93.0 | +48% |
| 2026 YTD | $93.0 | $116.0 | +25% |
CM has the edge over IREN on returns for 2026, with the stronger performance.
IREN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $24.8 | $17.2 | -31% |
| 2022 | $17.2 | $1.19 | -93% |
| 2023 | $1.19 | $7.15 | +501% |
| 2024 | $7.15 | $10.7 | +50% |
| 2025 | $10.7 | $40.3 | +276% |
| 2026 YTD | $40.3 | $19.5 | -52% |
IREN's yearly returns have swung widely, from +501% in 2023 to −93% in 2022. It's down 52% so far in 2026.