HFWA
Heritage Financial Corporation
HFWA's fundamentals are strong: revenue grew 33% and earnings per share grew 22%. At 14x earnings, it's trading in line with its usual 14x. Analysts expect that strong growth to continue.
IREN
IREN Limited
There isn't enough reported data to score IREN yet.
HFWA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| N/A | |
| N/A |
HFWA's revenue and profitability are currently strong. Free cash flow and net leverage aren't meaningful measures for financial services companies like HFWA.
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.
HFWA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.1x | $18.36 | -35% |
| Forward | 11x | $28.21 | — |
| Fair | 14x | $27.25 | -3.4% |
| Current | 14x | $28.21 | — |
| Expensive | 18x | $35.45 | +26% |
Historical ranges are pointers, not guarantees.
HFWA's PE is in its fair range at 14x. 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.
HFWA Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
HFWA 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.
HFWA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.50 | +24% |
| Q3 2026 | $2.01 | +22% |
| Q2 2026 | $2.10 | +47% |
| Q1 2026 | $2.04 | +38% |
| Q4 2025 | $1.96 | +58% |
| Q3 2025 | $1.65 | +53% |
| Q2 2025 | $1.43 | +13% |
| Q1 2025 | $1.48 | +11% |
| Q4 2024 | $1.24 | -29% |
HFWA 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.
HFWA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $86.5M | +32% |
| Q2 2026 | $84.1M | +49% |
| Q1 2026 | $77.9M | +35% |
| Q4 2025 | $66.3M | +16% |
| Q3 2025 | $65.7M | +20% |
| Q2 2025 | $56.5M | +0.3% |
| Q1 2025 | $57.6M | +18% |
| Q4 2024 | $57.1M | +12% |
HFWA's revenue has grown year over year for eight quarters in a row: $87M last quarter, up 32% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 26% | -8.2 points |
| Q2 2026 | 25% | -1 points |
| Q1 2026 | 29% | +0.7 points |
| Q4 2025 | 39% | +10 points |
| Q3 2025 | 34% | +10 points |
| Q2 2025 | 26% | -2.8 points |
| Q1 2025 | 28% | +14 points |
| Q4 2024 | 29% | +16 points |
HFWA 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.
HFWA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $28.4M | +16% |
| Q2 2026 | $21.1M | +0.9% |
| Q1 2026 | $12.7M | -30% |
| Q4 2025 | $22.3M | +12% |
| Q3 2025 | $24.4M | +5% |
| Q2 2025 | $20.9M | +250% |
| Q1 2025 | $18.1M | +51% |
| Q4 2024 | $19.8M | -34% |
HFWA 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.
HFWA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -329K shares |
| 1 year | +20% | +6.8M shares |
| 3 years | +17% | +6.1M shares |
| 5 years | +15% | +5.3M shares |
| Available history | +11% | +4.2M shares |
HFWA has 41M diluted shares, up 20% from a year ago, despite $21M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $10.3M |
| Q2 2026 | $10.1M |
| Q1 2026 | $960,000 |
| Q4 2025 | $44,000 |
| Q3 2025 | $24,000 |
| Q2 2025 | $4.6M |
| Q1 2025 | $838,000 |
| Q4 2024 | $4.4M |
HFWA spent $21M buying back its own shares over the past year, up 118% 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 the edge over HFWA 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 | — |
HFWA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.7x | Net Cash |
| Q2 2026 | -0.4x | Net Cash |
| Q1 2026 | -2.9x | Net Cash |
| Q4 2025 | -2.7x | Net Cash |
| Q3 2025 | -1.5x | Net Cash |
| Q2 2025 | 0.2x | Very low |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 4.9x | High |
HFWA has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like HFWA.
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.
HFWA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.1 | Neutral |
| Stochastic | 45.1 | Neutral |
HFWA's weekly RSI is 50 (neutral) and its Stochastic is 45 (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).
HFWA PE vs Financial Services Sector
| Metric | HFWA | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 7.8% above |
| PE % | 55 | 63 | 8 pts below |
HFWA is trading at 14x 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.
HFWA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $28.2 | 0% above |
| 20 week MA | $28.9 | 2.4% below |
| 50 week MA | $27.4 | 2.9% above |
| 100 week MA | $25.5 | 10% above |
| 200 week MA | $22.8 | 24% above |
HFWA 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.
HFWA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $28.2 | $23.0 | -18% |
| 2021 | $23.0 | $24.0 | +4.4% |
| 2022 | $24.0 | $30.8 | +28% |
| 2023 | $30.8 | $21.4 | -31% |
| 2024 | $21.4 | $24.3 | +14% |
| 2025 | $24.3 | $24.5 | +0.6% |
| 2026 YTD | $24.5 | $28.2 | +15% |
HFWA 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.