IREN
IREN Limited
There isn't enough reported data to score IREN yet.
MFC
Manulife Financial Corporation
There isn't enough reported data to score MFC yet.
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.
MFC Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Healthy | |
| N/A | |
| N/A |
MFC's profitability is currently healthy, but its revenue is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like MFC.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
MFC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.9x | $17.83 | -59% |
| Fair | 9x | $23.36 | -47% |
| Expensive | 16x | $41.54 | -5.4% |
| Current | 17x | $43.92 | — |
Historical ranges are pointers, not guarantees.
MFC's PE is 17x, but its earnings don't support one, so it isn't a reliable read right now.
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.
MFC Forward outlook
There aren't enough analyst estimates for MFC to show an outlook.
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.
MFC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $2.59 | +19% |
| Q1 2026 | $2.43 | +31% |
| Q4 2025 | $2.16 | +8.5% |
| Q3 2025 | $2.19 | +10% |
| Q2 2025 | $2.17 | +32% |
| Q1 2025 | $1.85 | +13% |
| Q4 2024 | $1.99 | +8.7% |
| Q3 2024 | $1.99 | +4.7% |
MFC 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'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.
MFC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $13.9B | -52% |
| Q1 2026 | $8.7B | +36% |
| Q4 2025 | $6B | +104% |
| Q3 2025 | $12.2B | +19% |
| Q2 2025 | $28.9B | +123% |
| Q1 2025 | $6.4B | -74% |
| Q3 2024 | $10.2B | -27% |
| Q2 2024 | $13B | -20% |
MFC's revenue has slid since its 2025 peak: $13.9B last quarter, down 52% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 14% | +8.6 points |
| Q1 2026 | 12% | +4.2 points |
| Q4 2025 | 22% | -28 points |
| Q3 2025 | 13% | -3.2 points |
| Q2 2025 | 5.5% | -2 points |
| Q1 2025 | 7.7% | +4.2 points |
| Q4 2024 | 50% | N/A |
| Q3 2024 | 16% | +10 points |
MFC 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.
MFC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $6.4B | +25% |
| Q1 2026 | $2.5B | -47% |
| Q4 2025 | $6B | +21% |
| Q3 2025 | $6.7B | +27% |
| Q2 2025 | $5.1B | 0% |
| Q1 2025 | $4.7B | +46% |
| Q4 2024 | $5B | +16% |
| Q3 2024 | $5.3B | +37% |
MFC 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 | — |
MFC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.2% | -38M shares |
| 1 year | -2.6% | -45M shares |
| 3 years | -11% | -210M shares |
| 5 years | -14% | -276M shares |
| Available history | -15% | -288M shares |
MFC has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $421.1M |
| Q1 2026 | $261.5M |
| Q4 2025 | $240.2M |
| Q3 2025 | $431M |
| Q2 2025 | $459.1M |
| Q1 2025 | $356.4M |
| Q4 2024 | $1B |
| Q3 2024 | $693.2M |
MFC spent $1.4B buying back its own shares over the past year, down 46% 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.
MFC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -1.4x | Net Cash |
| Q1 2026 | -1.3x | Net Cash |
| Q4 2025 | -0.0x | Net Cash |
| Q3 2025 | -1.7x | Net Cash |
| Q2 2025 | -1.4x | Net Cash |
| Q1 2025 | -1.7x | Net Cash |
| Q4 2024 | -1.6x | Net Cash |
| Q3 2024 | -1.4x | Net Cash |
MFC has the edge over IREN on leverage, with a lower net debt burden relative to earnings.
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).
MFC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 58.1 | Neutral |
| Stochastic | 56.6 | Neutral |
MFC's weekly RSI is 58 (neutral) and its Stochastic is 57 (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.
MFC PE vs Financial Services Sector
| Metric | MFC | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 13x | 30% above |
| PE % | 94 | 63 | 31 pts above |
MFC is trading at 17x earnings, a 30% premium to the Financial Services sector's median of 13x, though its earnings don't support one.
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.
MFC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $43.7 | 0.5% above |
| 20 week MA | $43.5 | 1% above |
| 50 week MA | $39.7 | 11% above |
| 100 week MA | $35.4 | 24% above |
| 200 week MA | $29.1 | 51% above |
MFC 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.
MFC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $20.1 | $17.5 | -13% |
| 2021 | $17.5 | $18.7 | +6.8% |
| 2022 | $18.7 | $17.9 | -4.4% |
| 2023 | $17.9 | $22.1 | +24% |
| 2024 | $22.1 | $30.7 | +39% |
| 2025 | $30.7 | $36.6 | +19% |
| 2026 YTD | $36.6 | $43.9 | +20% |
MFC has the edge over IREN on returns for 2026, with the stronger performance.