IREN

IREN Limited

There isn't enough reported data to score IREN yet.

NWBI

Northwest Bancshares, Inc.

67
Fundamentals78/ 100
Valuation62/ 100
Upside potential71/ 100
Risk potential10/ 100

NWBI's fundamentals are strong: its operating margin rose 13 points to 36% and revenue grew 15%. At 11x earnings, it's trading below its usual 14x. Analysts expect earnings growth.

IREN Fundamentals

MetricStatus
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.

NWBI Fundamentals

MetricStatus
Healthy
Strong
N/A
N/A

NWBI's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like NWBI.

IREN PE Valuation

IREN has no meaningful PE right now: it lost money over the past year.

NWBI PE Valuation

CHEAPFAIREXPENSIVE6.6x13x20x27x
CHEAPFAIREXPENSIVE6.6x13x20x27x
LevelPEPriceVs current
Cheap11x$14.43-4.7%
Current11x$15.13—
Forward11x$15.13—
Fair14x$18.28+21%
Expensive17x$22.33+48%

Historical ranges are pointers, not guarantees.

NWBI's PE is in its cheap range at 11.3x. If earnings grow as analysts expect, today's price would be 10.6x next year's earnings.

IREN Forward outlook

MetricOutlook
--
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.

NWBI Forward outlook

MetricOutlook
Improving
Growth
Growth
Improving
Limited
High

NWBI has the edge over IREN on the outlook, with more favorable earnings expectations.

IREN Risk to reward

ScenarioChangePrice
UpsideUnknown—
DownsideUnknown—

Calculated from the latest close: $19.48 on Nov 12.

There is not enough scenario data to compare IREN and NWBI's risk to reward.

NWBI Risk to reward

ScenarioChangePrice
Upside+25%$18.91
Downside-10%$13.59

Calculated from the latest close: $15.13 on Nov 12.

There is not enough scenario data to compare IREN and NWBI's risk to reward.

IREN Earnings Per Share

Q4 2023: $-0.29Q1 2024: $-0.16Q2 2024: $-0.20Q3 2024: $-0.39Q4 2024: $-0.44Q1 2025: $-0.59Q2 2025: $0.25Q3 2025: $1.60Q4 2025: $1.18Q1 2026: $0.51Q2 2026: $-2.22Q3 2026: $-3.96
Q4 2023: $-0.29Q1 2024: $-0.16Q2 2024: $-0.20Q3 2024: $-0.39Q4 2024: $-0.44Q1 2025: $-0.59Q2 2025: $0.25Q3 2025: $1.60Q4 2025: $1.18Q1 2026: $0.51Q2 2026: $-2.22Q3 2026: $-3.96
QuarterTTM EPSYoY
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.

NWBI Earnings Per Share

Q4 2023: $1.06Q1 2024: $1.03Q2 2024: $0.81Q3 2024: $0.76Q4 2024: $0.79Q1 2025: $0.90Q2 2025: $1.12Q3 2025: $0.88Q4 2025: $0.92Q1 2026: $0.92Q2 2026: $1.02Q3 2026: $1.34Forward: $1.43
Q4 2023: $1.06Q1 2024: $1.03Q2 2024: $0.81Q3 2024: $0.76Q4 2024: $0.79Q1 2025: $0.90Q2 2025: $1.12Q3 2025: $0.88Q4 2025: $0.92Q1 2026: $0.92Q2 2026: $1.02Q3 2026: $1.34Forward: $1.43
QuarterTTM EPSYoY
Forward$1.43+6.8%
Q3 2026$1.34+52%
Q2 2026$1.02-8.9%
Q1 2026$0.92+2.2%
Q4 2025$0.92+16%
Q3 2025$0.88+16%
Q2 2025$1.12+38%
Q1 2025$0.90-13%
Q4 2024$0.79-25%

NWBI has the edge over IREN on earnings quality, reporting a profit while its opponent remains loss making.

IREN Quarterly Revenue

Q4 2023: $42MQ1 2024: $54MQ2 2024: $57MQ3 2024: $53MQ4 2024: $116MQ1 2025: $145MQ2 2025: $187MQ3 2025: $240MQ4 2025: $185MQ1 2026: $145MQ2 2026: $137MQ3 2026: $228M
Q4 2023: $42MQ1 2024: $54MQ2 2024: $57MQ3 2024: $53MQ4 2024: $116MQ1 2025: $145MQ2 2025: $187MQ3 2025: $240MQ4 2025: $185MQ1 2026: $145MQ2 2026: $137MQ3 2026: $228M
QuarterRevenueYoY
Q3 2026$228M-5.1%
Q2 2026$137.2M-27%
Q1 2026$144.8M0%
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.

NWBI Quarterly Revenue

Q4 2023: $135MQ1 2024: $131MQ2 2024: $98MQ3 2024: $139MQ4 2024: $154MQ1 2025: $156MQ2 2025: $150MQ3 2025: $168MQ4 2025: $180MQ1 2026: $175MQ2 2026: $181MQ3 2026: $185M
Q4 2023: $135MQ1 2024: $131MQ2 2024: $98MQ3 2024: $139MQ4 2024: $154MQ1 2025: $156MQ2 2025: $150MQ3 2025: $168MQ4 2025: $180MQ1 2026: $175MQ2 2026: $181MQ3 2026: $185M
QuarterRevenueYoY
Q3 2026$184.9M+9.9%
Q2 2026$181.2M+20%
Q1 2026$175.1M+12%
Q4 2025$179.9M+17%
Q3 2025$168.2M+21%
Q2 2025$150.4M+53%
Q1 2025$156.2M+19%
Q4 2024$154.3M+14%

NWBI's revenue has grown year over year for eight quarters in a row: $185M last quarter, up 9.9% from the same quarter a year ago.

IREN Free Cash Flow

Q4 2023: −$29MQ1 2024: −$222MQ2 2024: −$163MQ3 2024: −$387MQ4 2024: −$134MQ1 2025: −$351MQ2 2025: $16MQ3 2025: −$38MQ4 2025: −$468MQ1 2026: −$874MQ2 2026: $482MQ3 2026: −$1.6B
Q4 2023: −$29MQ1 2024: −$222MQ2 2024: −$163MQ3 2024: −$387MQ4 2024: −$134MQ1 2025: −$351MQ2 2025: $16MQ3 2025: −$38MQ4 2025: −$468MQ1 2026: −$874MQ2 2026: $482MQ3 2026: −$1.6B
QuarterFree cash flowYoY
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.

NWBI Free Cash Flow

Q4 2023: --Q1 2024: $71MQ2 2024: $41MQ3 2024: $93MQ4 2024: --Q1 2025: $106MQ2 2025: −$6MQ3 2025: $38MQ4 2025: $4MQ1 2026: $70MQ2 2026: $26MQ3 2026: $19M
Q4 2023: --Q1 2024: $71MQ2 2024: $41MQ3 2024: $93MQ4 2024: --Q1 2025: $106MQ2 2025: −$6MQ3 2025: $38MQ4 2025: $4MQ1 2026: $70MQ2 2026: $26MQ3 2026: $19M
QuarterFree cash flowYoY
Q3 2026$18.9M-51%
Q2 2026$26.1M+$32.1M
Q1 2026$69.6M-34%
Q3 2025$38.3M-59%
Q2 2025-$6M-115%
Q1 2025$105.8M+50%
Q3 2024$93.3M+$98.3M
Q2 2024$40.7M+77%

NWBI has the edge over IREN on cash generation, producing positive trailing cash flow while its opponent burns cash.

IREN Total Shares

Q4 2023: 73MQ1 2024: 112MQ2 2024: 186MQ3 2024: 189MQ4 2024: 210MQ1 2025: 219MQ2 2025: 257MQ3 2025: 362MQ4 2025: 298MQ1 2026: 334MQ2 2026: 316MQ3 2026: 399M
Q4 2023: 73MQ1 2024: 112MQ2 2024: 186MQ3 2024: 189MQ4 2024: 210MQ1 2025: 219MQ2 2025: 257MQ3 2025: 362MQ4 2025: 298MQ1 2026: 334MQ2 2026: 316MQ3 2026: 399M
PeriodChange %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.

NWBI Total Shares

Q4 2023: 127MQ1 2024: 128MQ2 2024: 127MQ3 2024: 127MQ4 2024: 128MQ1 2025: 128MQ2 2025: 146MQ3 2025: 146MQ4 2025: 146MQ1 2026: 146MQ2 2026: 146MQ3 2026: 147M
Q4 2023: 127MQ1 2024: 128MQ2 2024: 127MQ3 2024: 127MQ4 2024: 128MQ1 2025: 128MQ2 2025: 146MQ3 2025: 146MQ4 2025: 146MQ1 2026: 146MQ2 2026: 146MQ3 2026: 147M
PeriodChange %Net change
Quarterly+0.1%+122K shares
1 year+0.3%+481K shares
3 years+15%+19.5M shares
5 years+15%+19.6M shares
Available history+38%+40.7M shares

NWBI has the edge over IREN on shareholder dilution, with a more favorable share count trend.

IREN Net Leverage

Q4 2023: -11.0xQ1 2024: -10.6xQ2 2024: -15.9xQ3 2024: -16.7xQ4 2024: -4.6xQ1 2025: 3.3xQ2 2025: 2.0xQ3 2025: 4.1xQ4 2025: 22.2xQ1 2026: 157.6x
Q4 2023: -11.0xQ1 2024: -10.6xQ2 2024: -15.9xQ3 2024: -16.7xQ4 2024: -4.6xQ1 2025: 3.3xQ2 2025: 2.0xQ3 2025: 4.1xQ4 2025: 22.2xQ1 2026: 157.6x
QuarterNet LeverageStatus
Q1 2026157.6xHigh
Q4 202522.2xHigh
Q3 20254.1xHigh
Q2 20252.0xModerate
Q1 20253.3xElevated
Q4 2024-4.6xNet Cash
Q3 2024-16.7xNet Cash
Q2 2024-15.9xNet 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.

NWBI Net Leverage

Q4 2023: 2.0xQ1 2024: 2.0xQ2 2024: 0.8xQ3 2024: 0.6xQ4 2024: 0.2xQ1 2025: -0.3xQ2 2025: 0.2xQ3 2025: 1.4xQ4 2025: -0.7xQ1 2026: -1.0xQ2 2026: -0.7xQ3 2026: -0.8x
Q4 2023: 2.0xQ1 2024: 2.0xQ2 2024: 0.8xQ3 2024: 0.6xQ4 2024: 0.2xQ1 2025: -0.3xQ2 2025: 0.2xQ3 2025: 1.4xQ4 2025: -0.7xQ1 2026: -1.0xQ2 2026: -0.7xQ3 2026: -0.8x
QuarterNet LeverageStatus
Q3 2026-0.8xNet Cash
Q2 2026-0.7xNet Cash
Q1 2026-1.0xNet Cash
Q4 2025-0.7xNet Cash
Q3 20251.4xHealthy
Q2 20250.2xVery low
Q1 2025-0.3xNet Cash
Q4 20240.2xVery low

NWBI has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like NWBI.

IREN Weekly Momentum

MetricValueStatus
RSI33.3Neutral
Stochastic8.2Oversold

IREN's weekly RSI is 33 (neutral) and its Stochastic is 8 (oversold).

NWBI Weekly Momentum

MetricValueStatus
RSI54.1Neutral
Stochastic43.8Neutral

NWBI's weekly RSI is 54 (neutral) and its Stochastic is 44 (neutral).

IREN PE vs Financial Services Sector

MetricIRENSector medianRelative
PEN/A13x—

IREN has no meaningful PE right now: it lost money over the past year.

NWBI PE vs Financial Services Sector

MetricNWBISector medianRelative
PE11x13x13% below
PE %316332 pts below

NWBI is trading at 11x earnings, a 13% discount to the Financial Services sector's median of 13x.

IREN Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$29.835% below
20 week MA$36.246% below
50 week MA$42.854% below
100 week MA$32.039% below
200 week MA$19.12.1% above

IREN has fallen below most of its moving averages, though it's still 2.1% above its 200-week average.

NWBI Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$15.20.1% below
20 week MA$15.31.3% below
50 week MA$14.08% above
100 week MA$13.215% above
200 week MA$12.620% above

NWBI has the edge over IREN on trend strength, trading above more of its moving averages.

IREN Yearly ROI

YearStart priceEnd priceROI
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.

NWBI Yearly ROI

YearStart priceEnd priceROI
2020$16.6$12.6-24%
2021$12.6$14.0+12%
2022$14.0$14.0+0.2%
2023$14.0$12.5-11%
2024$12.5$13.3+6.2%
2025$13.3$12.3-7.5%
2026 YTD$12.3$15.1+24%

NWBI has the edge over IREN on returns for 2026, with the stronger performance.

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