FCNCA
First Citizens BancShares, Inc.
FCNCA's fundamentals are mixed: its operating margin rose 3 points to 33%, while revenue grew only 1.1%. At 12x earnings, it's trading right at its usual valuation. Analysts expect strong earnings growth.
IREN
IREN Limited
There isn't enough reported data to score IREN yet.
FCNCA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
FCNCA'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 FCNCA.
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.
FCNCA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.5x | $1,649 | -29% |
| Forward | 11x | $2,318 | — |
| Fair | 12x | $2,274 | -1.9% |
| Current | 12x | $2,318 | — |
| Expensive | 14x | $2,794 | +21% |
Historical ranges are pointers, not guarantees.
FCNCA's PE is in its fair range at 12x. If earnings grow as analysts expect, today's price would be 11x next year's earnings.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
FCNCA Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
FCNCA 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.
FCNCA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $208.95 | +7.3% |
| Q3 2026 | $194.71 | +15% |
| Q2 2026 | $186.56 | +10% |
| Q1 2026 | $173.40 | -0.7% |
| Q4 2025 | $165.24 | -13% |
| Q3 2025 | $169.10 | -3.1% |
| Q2 2025 | $169.44 | -6.8% |
| Q1 2025 | $174.62 | -3.1% |
| Q4 2024 | $189.41 | -76% |
FCNCA 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.
FCNCA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.4B | 0% |
| Q2 2026 | $2.4B | +2.5% |
| Q1 2026 | $2.3B | +0.7% |
| Q4 2025 | $2.4B | +1.2% |
| Q3 2025 | $2.4B | -0.5% |
| Q2 2025 | $2.4B | -3.5% |
| Q1 2025 | $2.3B | -6% |
| Q4 2024 | $2.4B | -1.9% |
FCNCA's revenue fell from its 2023 peak and has held roughly level since: $2.4B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 33% | +2.2 points |
| Q2 2026 | 37% | +4.7 points |
| Q1 2026 | 30% | +2.2 points |
| Q4 2025 | 33% | +2.7 points |
| Q3 2025 | 31% | -4.8 points |
| Q2 2025 | 32% | -7.9 points |
| Q1 2025 | 28% | -13 points |
| Q4 2024 | 31% | +1.5 points |
FCNCA 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 has the edge over FCNCA on sales, with more consistent year-over-year improvement.
| 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.
FCNCA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $689M | +1.6% |
| Q2 2026 | $941M | +28% |
| Q1 2026 | $31M | +$36M |
| Q4 2025 | $807M | -19% |
| Q3 2025 | $678M | -23% |
| Q2 2025 | $733M | +132% |
| Q1 2025 | -$5M | -101% |
| Q4 2024 | $991M | +43% |
FCNCA 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.
FCNCA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.5% | -285K shares |
| 1 year | -12% | -1.6M shares |
| 3 years | -23% | -3.3M shares |
| 5 years | +15% | +1.4M shares |
| Available history | +1% | +109K shares |
FCNCA has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $600M |
| Q2 2026 | $606M |
| Q1 2026 | $899M |
| Q4 2025 | $900M |
| Q3 2025 | $896M |
| Q2 2025 | $613M |
| Q1 2025 | $618M |
| Q4 2024 | $948M |
FCNCA spent $3B buying back its own shares over the past year, down 2.3% 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 | — |
FCNCA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.1x | High |
| Q2 2026 | 8.3x | High |
| Q1 2026 | 9.4x | High |
| Q4 2025 | 10.4x | High |
| Q3 2025 | 11.6x | High |
| Q2 2025 | 11.1x | High |
| Q1 2025 | 10.8x | High |
| Q4 2024 | 9.7x | High |
FCNCA's net debt is about 6.1 years of its operating earnings (EBITDA), down from 12 years a year ago. Net leverage isn't a meaningful measure for financial services companies like FCNCA.
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.
FCNCA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 61.7 | Neutral |
| Stochastic | 72.5 | Neutral |
FCNCA's weekly RSI is 62 (neutral) and its Stochastic is 73 (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).
FCNCA PE vs Financial Services Sector
| Metric | FCNCA | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 8.6% below |
| PE % | 54 | 63 | 9 pts below |
FCNCA is trading at 12x earnings, in line with 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.
FCNCA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $2,209.5 | 4.9% above |
| 20 week MA | $2,185.1 | 6.1% above |
| 50 week MA | $2,081.5 | 11% above |
| 100 week MA | $2,003.1 | 16% above |
| 200 week MA | $1,746.4 | 33% above |
FCNCA 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.
FCNCA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $530.5 | $593.1 | +12% |
| 2021 | $593.1 | $864.4 | +46% |
| 2022 | $864.4 | $751.1 | -13% |
| 2023 | $751.1 | $1,419.0 | +89% |
| 2024 | $1,419.0 | $2,132.4 | +50% |
| 2025 | $2,132.4 | $2,180.5 | +2.3% |
| 2026 YTD | $2,180.5 | $2,317.9 | +6.3% |
FCNCA 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.