FNF
Fidelity National Financial, Inc.
FNF's fundamentals are mixed: its operating margin rose 6 points to 17%, but earnings per share fell 5.8%. At 11x earnings, it's trading below its usual 15x. Analysts expect earnings to hold roughly steady.
IREN
IREN Limited
There isn't enough reported data to score IREN yet.
FNF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
FNF'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 FNF.
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.
FNF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.9x | $23.18 | -46% |
| Forward | 8.3x | $43.10 | — |
| Current | 11x | $43.10 | — |
| Fair | 14x | $56.61 | +31% |
| Expensive | 21x | $82.71 | +92% |
Historical ranges are pointers, not guarantees.
FNF's PE is in its fair range at 11x. On analysts' estimates for next year's earnings, today's price would be 8.3x, in its cheap range.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
FNF Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect FNF's earnings, revenue and profitability to hold roughly 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.
FNF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.18 | +32% |
| Q3 2026 | $3.91 | -5.8% |
| Q2 2026 | $2.82 | -26% |
| Q1 2026 | $2.73 | -30% |
| Q4 2025 | $2.12 | -53% |
| Q3 2025 | $4.15 | +57% |
| Q2 2025 | $3.80 | +18% |
| Q1 2025 | $3.90 | +33% |
| Q4 2024 | $4.48 | +143% |
FNF 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.
FNF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.6B | -11% |
| Q2 2026 | $4.1B | +11% |
| Q1 2026 | $3.2B | +18% |
| Q4 2025 | $4.1B | +12% |
| Q3 2025 | $4B | +12% |
| Q2 2025 | $3.6B | +15% |
| Q1 2025 | $2.7B | -17% |
| Q4 2024 | $3.6B | +5.5% |
FNF's revenue is growing: $3.6B last quarter, down 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 35% | +24 points |
| Q2 2026 | 8.3% | -2.2 points |
| Q1 2026 | 15% | +11 points |
| Q4 2025 | 11% | -6.5 points |
| Q3 2025 | 11% | +2.6 points |
| Q2 2025 | 11% | -4 points |
| Q1 2025 | 4.1% | -6 points |
| Q4 2024 | 18% | +23 points |
FNF 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.
FNF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +8.4% |
| Q2 2026 | $1.9B | -1.3% |
| Q1 2026 | $875M | -22% |
| Q4 2025 | $1.5B | +0.7% |
| Q3 2025 | $1.3B | -45% |
| Q2 2025 | $1.9B | +39% |
| Q1 2025 | $1.1B | -30% |
| Q4 2024 | $1.5B | -34% |
FNF 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.
FNF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | -4.6% | -13M shares |
| 3 years | -5% | -14M shares |
| 5 years | -13% | -40.4M shares |
| Available history | -10% | -30.2M shares |
FNF has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $6M |
| Q2 2026 | $60M |
| Q1 2026 | $78M |
| Q4 2025 | $30M |
| Q3 2025 | $43M |
| Q2 2025 | $154M |
| Q1 2025 | $24M |
| Q4 2024 | — |
FNF spent $174M buying back its own shares over the past year, down 21% 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 | — |
FNF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.4x | Very low |
| Q2 2026 | 0.3x | Very low |
| Q1 2026 | 0.7x | Very low |
| Q4 2025 | 0.8x | Very low |
| Q3 2025 | 0.4x | Very low |
| Q2 2025 | 0.5x | Very low |
| Q1 2025 | -0.0x | Net Cash |
| Q4 2024 | 0.3x | Very low |
FNF's net debt is less than a year of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like FNF.
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.
FNF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.1 | Neutral |
| Stochastic | 33.1 | Neutral |
FNF's weekly RSI is 43 (neutral) and its Stochastic is 33 (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).
FNF PE vs Financial Services Sector
| Metric | FNF | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 15% below |
| PE % | 37 | 63 | 26 pts below |
FNF is trading at 11x earnings, a 15% 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.
FNF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $40.9 | 5.3% above |
| 20 week MA | $45.4 | 5% below |
| 50 week MA | $48.8 | 12% below |
| 100 week MA | $53.6 | 20% below |
| 200 week MA | $50.3 | 14% below |
FNF has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 14% below its 200-week average.
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.
FNF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $43.3 | $37.0 | -15% |
| 2021 | $37.0 | $48.9 | +32% |
| 2022 | $48.9 | $37.8 | -23% |
| 2023 | $37.8 | $51.0 | +35% |
| 2024 | $51.0 | $56.3 | +10% |
| 2025 | $56.3 | $54.9 | -2.5% |
| 2026 YTD | $54.9 | $43.1 | -21% |
FNF 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.