IREN
IREN Limited
There isn't enough reported data to score IREN yet.
MET
MetLife, Inc.
MET's fundamentals are mixed: revenue grew 15%, while its operating margin held steady at 8.2%. At 13x earnings, it's trading below its usual 15x. Analysts expect earnings growth.
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.
MET Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
MET's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like MET.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
MET PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8x | $61.38 | -40% |
| Forward | 9.4x | $102 | — |
| Current | 13x | $102 | — |
| Fair | 15x | $115 | +13% |
| Expensive | 25x | $191 | +88% |
Historical ranges are pointers, not guarantees.
MET's PE is in its fair range at 13x. If earnings grow as analysts expect, today's price would be 9.4x next year's earnings, in its cheap range.
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.
MET Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect MET's earnings to grow and its profitability to improve, with its revenue holding steady.
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.
MET Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.87 | +42% |
| Q3 2026 | $7.68 | +45% |
| Q2 2026 | $5.23 | -11% |
| Q1 2026 | $5.17 | -16% |
| Q4 2025 | $4.71 | -21% |
| Q3 2025 | $5.28 | +6.5% |
| Q2 2025 | $5.87 | +58% |
| Q1 2025 | $6.12 | +110% |
| Q4 2024 | $5.94 | +225% |
MET has the edge over IREN on earnings quality, reporting a profit while its opponent remains loss making.
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 MET on sales, with stronger typical year-over-year growth.
| 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.
MET Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $20.5B | +18% |
| Q2 2026 | $19.2B | +10% |
| Q1 2026 | $19.1B | +2.7% |
| Q4 2025 | $23.8B | +28% |
| Q3 2025 | $17.4B | -5.9% |
| Q2 2025 | $17.3B | -2.7% |
| Q1 2025 | $18.6B | +16% |
| Q4 2024 | $18.7B | -1.9% |
MET's revenue has grown year over year for four quarters in a row: $20.5B last quarter, up 18% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 8.9% | -0.6 points |
| Q2 2026 | 8.4% | +0.3 points |
| Q1 2026 | 8.6% | +0.9 points |
| Q4 2025 | 7% | -0.4 points |
| Q3 2025 | 9.5% | -1.3 points |
| Q2 2025 | 8% | +1.3 points |
| Q1 2025 | 7.6% | +1.1 points |
| Q4 2024 | 7.4% | +2.5 points |
MET has the edge over IREN on profitability, with a higher operating margin.
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.
MET Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2B | -44% |
| Q2 2026 | $2.2B | +1.9% |
| Q1 2026 | $2.7B | -37% |
| Q4 2025 | $7.1B | +53% |
| Q3 2025 | $3.6B | -14% |
| Q2 2025 | $2.2B | -37% |
| Q1 2025 | $4.3B | +83% |
| Q4 2024 | $4.6B | -11% |
MET has the edge over IREN on cash generation, producing positive trailing cash flow while its opponent burns cash.
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 | — |
MET Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -7M shares |
| 1 year | -4.4% | -29.2M shares |
| 3 years | -15% | -116M shares |
| 5 years | -26% | -221M shares |
| Available history | -32% | -305M shares |
MET has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $651M |
| Q2 2026 | $722M |
| Q1 2026 | $755M |
| Q4 2025 | $460M |
| Q3 2025 | $502M |
| Q2 2025 | $510M |
| Q1 2025 | $1.4B |
| Q4 2024 | $406M |
MET spent $2.6B buying back its own shares over the past year, down 8.5% from the year before.
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.
MET Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.1x | Net Cash |
| Q2 2026 | -2.0x | Net Cash |
| Q1 2026 | -2.6x | Net Cash |
| Q4 2025 | -2.8x | Net Cash |
| Q3 2025 | -2.6x | Net Cash |
| Q2 2025 | -2.7x | Net Cash |
| Q1 2025 | -2.7x | Net Cash |
| Q4 2024 | -3.3x | Net Cash |
MET has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like MET.
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).
MET Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 65.6 | Neutral |
| Stochastic | 58.9 | Neutral |
MET's weekly RSI is 66 (neutral) and its Stochastic is 59 (neutral).
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.
MET PE vs Financial Services Sector
| Metric | MET | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 1.8% above |
| PE % | 41 | 63 | 22 pts below |
MET is trading at 13x earnings, in line with the Financial Services sector's median of 13x.
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.
MET Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $98.8 | 3.1% above |
| 20 week MA | $96.8 | 5.3% above |
| 50 week MA | $85.6 | 19% above |
| 100 week MA | $82.5 | 23% above |
| 200 week MA | $75.3 | 35% above |
MET has the edge over IREN on trend strength, trading above more of its moving averages.
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.
MET Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $50.8 | $46.3 | -8.9% |
| 2021 | $46.3 | $61.8 | +33% |
| 2022 | $61.8 | $72.3 | +17% |
| 2023 | $72.3 | $66.1 | -8.5% |
| 2024 | $66.1 | $82.3 | +24% |
| 2025 | $82.3 | $80.3 | -2.4% |
| 2026 YTD | $80.3 | $101.9 | +27% |
MET has the edge over IREN on returns for 2026, with the stronger performance.