COLB
Columbia Banking System, Inc.
COLB's fundamentals are strong: revenue grew 34% and earnings per share grew 31%. At 10x earnings, it's trading in line with its usual 11x. Analysts expect earnings growth.
IREN
IREN Limited
There isn't enough reported data to score IREN yet.
COLB Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
COLB's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like COLB.
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.
COLB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 9.4x | $30.59 | — |
| Cheap | 9.5x | $27.84 | -9% |
| Current | 10x | $30.59 | — |
| Fair | 11x | $32.87 | +7.5% |
| Expensive | 13x | $39.02 | +28% |
Historical ranges are pointers, not guarantees.
COLB's PE is in its cheap range at 10x. If earnings grow as analysts expect, today's price would be 9.4x next year's earnings.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
COLB Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect COLB's earnings to grow and its profitability to improve, with its revenue holding steady.
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.
COLB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.26 | +11% |
| Q3 2026 | $2.93 | +31% |
| Q2 2026 | $2.55 | +0.8% |
| Q1 2026 | $2.55 | +7.6% |
| Q4 2025 | $2.30 | -9.8% |
| Q3 2025 | $2.23 | -8.6% |
| Q2 2025 | $2.53 | +5.9% |
| Q1 2025 | $2.37 | -3.7% |
| Q4 2024 | $2.55 | +43% |
COLB has the edge over IREN on earnings quality, reporting a profit while its opponent remains loss making.
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.
COLB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $695M | +19% |
| Q2 2026 | $677M | +33% |
| Q1 2026 | $677M | +38% |
| Q4 2025 | $717M | +47% |
| Q3 2025 | $582M | +17% |
| Q2 2025 | $510.9M | +8.2% |
| Q1 2025 | $491.4M | +3.7% |
| Q4 2024 | $487.1M | -6.2% |
COLB's revenue has grown year over year for seven quarters in a row: $695M last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2022 | 46% | +13 points |
| Q3 2022 | 44% | +1.1 points |
| Q2 2022 | 43% | -3.5 points |
| Q1 2022 | 43% | -0.8 points |
| Q4 2021 | 33% | -16 points |
| Q3 2021 | 42% | +5.3 points |
| Q2 2021 | 47% | +19 points |
| Q1 2021 | 44% | +31 points |
COLB's operating margin was 46% last quarter, up 13 points from the same quarter a year ago.
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.
COLB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $365M | +55% |
| Q2 2026 | $295M | +176% |
| Q1 2026 | $494M | +305% |
| Q4 2025 | $281M | +9.8% |
| Q3 2025 | $236.2M | +251% |
| Q2 2025 | $106.8M | -29% |
| Q1 2025 | $122M | -34% |
| Q3 2024 | $67.2M | -81% |
COLB has the edge over IREN on cash generation, producing positive trailing cash flow while its opponent burns cash.
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.
COLB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.1% | -6.1M shares |
| 1 year | +17% | +41.4M shares |
| 3 years | +34% | +71.7M shares |
| 5 years | +294% | +209M shares |
| Available history | +289% | +208M shares |
COLB has 280M diluted shares, up 17% from a year ago, despite $721M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $203M |
| Q2 2026 | $203M |
| Q1 2026 | $215M |
| Q4 2025 | $100M |
| Q3 2025 | $399,000 |
| Q2 2025 | $1.9M |
| Q1 2025 | $6.7M |
| Q4 2024 | $81,000 |
COLB spent $721M buying back its own shares over the past year, more than ten times what it spent the year before.
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 the edge over COLB on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
COLB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2022 | -0.8x | Net Cash |
| Q3 2022 | -0.9x | Net Cash |
| Q2 2022 | -1.3x | Net Cash |
| Q1 2022 | -3.3x | Net Cash |
| Q4 2021 | -2.9x | Net Cash |
| Q3 2021 | -3.0x | Net Cash |
| Q2 2021 | -2.9x | Net Cash |
| Q1 2021 | -3.5x | Net Cash |
COLB has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like COLB.
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.
COLB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.7 | Neutral |
| Stochastic | 56.8 | Neutral |
COLB's weekly RSI is 53 (neutral) and its Stochastic is 57 (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).
COLB PE vs Financial Services Sector
| Metric | COLB | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 13x | 20% below |
| PE % | 31 | 63 | 32 pts below |
COLB is trading at 10x earnings, a 20% discount to the Financial Services sector's median of 13x.
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.
COLB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $29.8 | 2.8% above |
| 20 week MA | $30.7 | 0.2% below |
| 50 week MA | $29.8 | 2.7% above |
| 100 week MA | $27.6 | 11% above |
| 200 week MA | $25.2 | 21% above |
COLB 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.
COLB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $40.8 | $34.7 | -15% |
| 2021 | $34.7 | $32.3 | -6.8% |
| 2022 | $32.3 | $29.5 | -8.8% |
| 2023 | $29.5 | $26.7 | -9.6% |
| 2024 | $26.7 | $27.1 | +1.7% |
| 2025 | $27.1 | $28.6 | +5.3% |
| 2026 YTD | $28.6 | $30.6 | +7% |
COLB 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.