IREN
IREN Limited
There isn't enough reported data to score IREN yet.
NTB
The Bank of N.T. Butterfield & Son Limited
There isn't enough reported data to score NTB 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.
NTB Fundamentals
| Metric | Status |
|---|---|
| Unavailable | |
| Strong | |
| N/A | |
| N/A |
NTB's profitability is currently strong. There isn't enough data to rate its revenue. Free cash flow and net leverage aren't meaningful measures for financial services companies like NTB.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
NTB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.7x | $36.77 | -35% |
| Forward | 8.6x | $56.25 | — |
| Fair | 8.9x | $48.90 | -13% |
| Current | 10x | $56.25 | — |
| Expensive | 11x | $61.43 | +9.2% |
Historical ranges are pointers, not guarantees.
NTB's PE is 10x, 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.
NTB Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Strong growth | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for NTB, but weaker profitability.
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.
NTB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.55 | +20% |
| Q4 2025 | $5.47 | +16% |
| Q4 2024 | $4.71 | +2.8% |
| Q4 2023 | $4.58 | +6.8% |
| Q4 2022 | $4.29 | +32% |
| Q4 2021 | $3.26 | +12% |
| Q4 2020 | $2.90 | -12% |
| Q4 2019 | $3.30 | -5.7% |
| Q4 2018 | $3.50 | +27% |
NTB has the edge over IREN in the latest year-over-year earnings comparison.
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.
NTB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $606.8M | +4.6% |
| Q4 2024 | $579.9M | +0.2% |
| Q4 2023 | $578.6M | +5.3% |
| Q4 2022 | $549.3M | +9.9% |
| Q4 2021 | $499.7M | +1.1% |
| Q4 2020 | $494.2M | -7.2% |
| Q4 2019 | $532.6M | +2.9% |
| Q4 2018 | $517.8M | +14% |
NTB has the edge over IREN in the latest year-over-year revenue comparison.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2025 | 39% | +6 points |
| Q4 2024 | 38% | +7.8 points |
| Q4 2023 | 39% | +6.1 points |
| Q4 2022 | 40% | +1.7 points |
| Q4 2021 | 33% | -0.8 points |
| Q4 2020 | 30% | +1.3 points |
| Q4 2019 | 33% | N/A |
| Q4 2018 | 38% | N/A |
NTB's operating margin was 39% last quarter, up 6 points from the same quarter a year ago.
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.
NTB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q4 2018 | $277.8M | +25% |
| Q4 2017 | $222.5M | +32% |
NTB and IREN do not have enough comparable growth data to identify a winner.
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 | — |
NTB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -8.2% | -3.6M shares |
| 1 year | -20% | -10M shares |
NTB has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2025 | $146.7M |
| Q4 2024 | $155.3M |
| Q4 2023 | $88.6M |
| Q4 2022 | $3.9M |
| Q4 2021 | $19.8M |
| Q4 2020 | $86.6M |
| Q4 2019 | $81.5M |
| Q4 2018 | $48.4M |
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.
NTB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | -6.2x | Net Cash |
| Q4 2024 | -7.2x | Net Cash |
| Q4 2023 | -5.9x | Net Cash |
| Q4 2022 | -7.5x | Net Cash |
| Q4 2021 | -8.5x | Net Cash |
| Q4 2020 | -14.7x | Net Cash |
| Q4 2019 | -10.7x | Net Cash |
| Q4 2018 | -7.9x | Net Cash |
NTB 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).
NTB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.9 | Neutral |
| Stochastic | 8.3 | Oversold |
NTB's weekly RSI is 46 (neutral) and its Stochastic is 8 (oversold).
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.
NTB PE vs Financial Services Sector
| Metric | NTB | Sector median | Relative |
|---|---|---|---|
| PE | 10x | 13x | 21% below |
| PE % | 68 | 63 | 5 pts above |
NTB is trading at 10x earnings, a 21% discount 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.
NTB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $57.6 | 2.4% below |
| 20 week MA | $59.5 | 5.5% below |
| 50 week MA | $55.9 | 0.7% above |
| 100 week MA | $48.7 | 15% above |
| 200 week MA | $40.2 | 40% above |
NTB 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.
NTB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $36.9 | $31.2 | -16% |
| 2021 | $31.2 | $38.0 | +22% |
| 2022 | $38.0 | $30.0 | -21% |
| 2023 | $30.0 | $32.0 | +6.8% |
| 2024 | $32.0 | $36.8 | +15% |
| 2025 | $36.8 | $50.5 | +37% |
| 2026 YTD | $50.5 | $56.3 | +11% |
NTB has the edge over IREN on returns for 2026, with the stronger performance.