FAF
First American Financial Corporation
FAF's fundamentals are strong: revenue grew 14% and earnings per share grew 52%. At 9.1x earnings, it's trading below its usual 12x. Analysts expect earnings growth.
IREN
IREN Limited
There isn't enough reported data to score IREN yet.
FAF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
FAF'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 FAF.
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.
FAF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.5x | $53.49 | -17% |
| Current | 9.1x | $64.40 | — |
| Forward | 9.8x | $64.40 | — |
| Fair | 11x | $81.06 | +26% |
| Expensive | 33x | $231 | +259% |
Historical ranges are pointers, not guarantees.
FAF's PE is in its cheap range at 9.1x. On analysts' estimates for next year's earnings, today's price would be 9.8x, in its fair range.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
FAF Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Growth | |
| Stable | |
| Stable | |
| Limited | |
| High |
Analysts expect FAF's earnings to grow, with its revenue and profitability 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.
FAF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.59 | -7.1% |
| Q3 2026 | $7.09 | +52% |
| Q2 2026 | $7.21 | +296% |
| Q1 2026 | $6.50 | +328% |
| Q4 2025 | $6.00 | +376% |
| Q3 2025 | $4.66 | +430% |
| Q2 2025 | $1.82 | -2.2% |
| Q1 2025 | $1.52 | -27% |
| Q4 2024 | $1.26 | -39% |
FAF 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.
FAF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.1B | +5.3% |
| Q2 2026 | $2.1B | +15% |
| Q1 2026 | $1.8B | +16% |
| Q4 2025 | $2B | +22% |
| Q3 2025 | $2B | +41% |
| Q2 2025 | $1.8B | +14% |
| Q1 2025 | $1.6B | +11% |
| Q4 2024 | $1.7B | +18% |
FAF's revenue has grown year over year for eight quarters in a row: $2.1B last quarter, up 5.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 11% | -1.6 points |
| Q2 2026 | 13% | +2.8 points |
| Q1 2026 | 8.8% | +2.7 points |
| Q4 2025 | 14% | +8.1 points |
| Q3 2025 | 12% | +23 points |
| Q2 2025 | 11% | +1.2 points |
| Q1 2025 | 6.1% | +2 points |
| Q4 2024 | 5.9% | +3.2 points |
FAF has the edge over IREN on profitability, with a higher operating margin.
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.
FAF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $196.6M | -12% |
| Q2 2026 | $317.4M | +2.6% |
| Q1 2026 | -$32.7M | +$61.8M |
| Q4 2025 | $324.5M | +22% |
| Q3 2025 | $223.1M | +20% |
| Q2 2025 | $309.4M | +47% |
| Q1 2025 | -$94.5M | -637% |
| Q4 2024 | $266.2M | +$366M |
FAF 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.
FAF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +200K shares |
| 1 year | +0.1% | +100K shares |
| 3 years | -1% | -1M shares |
| 5 years | -7.3% | -8.2M shares |
| Available history | -9.2% | -10.5M shares |
FAF has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.5M |
| Q2 2026 | $20.5M |
| Q1 2026 | $33.5M |
| Q4 2025 | — |
| Q3 2025 | $33.6M |
| Q2 2025 | $60.5M |
| Q1 2025 | $28.2M |
| Q4 2024 | $8.2M |
FAF spent $56M buying back its own shares over the past year, down 57% from 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 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 | — |
FAF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.5x | Net Cash |
| Q2 2026 | -2.2x | Net Cash |
| Q1 2026 | -2.2x | Net Cash |
| Q4 2025 | -1.3x | Net Cash |
| Q3 2025 | -3.4x | Net Cash |
| Q2 2025 | -4.4x | Net Cash |
| Q1 2025 | -5.0x | Net Cash |
| Q4 2024 | -4.6x | Net Cash |
FAF has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like FAF.
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.
FAF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.5 | Neutral |
| Stochastic | 29.9 | Neutral |
FAF's weekly RSI is 44 (neutral) and its Stochastic is 30 (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).
FAF PE vs Financial Services Sector
| Metric | FAF | Sector median | Relative |
|---|---|---|---|
| PE | 9.1x | 13x | 30% below |
| PE % | 32 | 63 | 31 pts below |
FAF is trading at 9.1x earnings, a 30% 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.
FAF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $64.4 | 0.1% above |
| 20 week MA | $69.3 | 7% below |
| 50 week MA | $66.8 | 3.5% below |
| 100 week MA | $64.5 | 0.1% below |
| 200 week MA | $61.8 | 4.3% above |
FAF 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.
FAF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $57.8 | $51.9 | -10% |
| 2021 | $51.9 | $76.4 | +47% |
| 2022 | $76.4 | $52.4 | -31% |
| 2023 | $52.4 | $64.4 | +23% |
| 2024 | $64.4 | $62.5 | -2.9% |
| 2025 | $62.5 | $61.9 | -1% |
| 2026 YTD | $61.9 | $64.4 | +4% |
FAF 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.