IREN
IREN Limited
There isn't enough reported data to score IREN yet.
PFG
Principal Financial Group, Inc.
PFG's fundamentals are mixed: earnings per share grew 31%, while revenue grew 5.2%. At 13x earnings, it's trading in line with its usual 12x. 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.
PFG Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
PFG's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like PFG.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
PFG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.2x | $64.91 | -43% |
| Forward | 11x | $113 | — |
| Fair | 12x | $105 | -6.8% |
| Current | 13x | $113 | — |
| Expensive | 16x | $143 | +26% |
Historical ranges are pointers, not guarantees.
PFG's PE is in its fair range at 13x. If earnings grow as analysts expect, today's price would be 11x next year's earnings.
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.
PFG Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
PFG has the edge over IREN on the outlook, with more favorable earnings expectations.
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.
PFG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.84 | +9.6% |
| Q3 2026 | $8.98 | +31% |
| Q2 2026 | $7.02 | +41% |
| Q1 2026 | $6.97 | +49% |
| Q4 2025 | $5.25 | -21% |
| Q3 2025 | $6.87 | +$7.66 |
| Q2 2025 | $4.97 | -5.5% |
| Q1 2025 | $4.67 | -13% |
| Q4 2024 | $6.68 | +162% |
PFG 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 PFG on sales, with more consistent year-over-year improvement.
| 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.
PFG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.6B | +25% |
| Q2 2026 | $3.9B | +6.4% |
| Q1 2026 | $3.5B | -4.5% |
| Q4 2025 | $4.6B | -3.7% |
| Q3 2025 | $3.7B | +22% |
| Q2 2025 | $3.7B | -15% |
| Q1 2025 | $3.7B | -8.8% |
| Q4 2024 | $4.8B | +77% |
PFG's revenue is recovering but still below its 2022 peak: $4.6B last quarter, up 25% 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.
PFG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.5B | +52% |
| Q2 2026 | $2.1B | +156% |
| Q1 2026 | $187.1M | -81% |
| Q4 2025 | $1.7B | +20% |
| Q3 2025 | $1B | -11% |
| Q2 2025 | $811.9M | -43% |
| Q1 2025 | $977.3M | +67% |
| Q4 2024 | $1.5B | +55% |
PFG 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 | — |
PFG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -1.8M shares |
| 1 year | -3.7% | -8.3M shares |
| 3 years | -11% | -27.4M shares |
| 5 years | -20% | -55M shares |
| Available history | -23% | -64.1M shares |
PFG has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $251M |
| Q2 2026 | $257.7M |
| Q1 2026 | $235M |
| Q4 2025 | $275.4M |
| Q3 2025 | $227.7M |
| Q2 2025 | $159.3M |
| Q1 2025 | $240.3M |
| Q4 2024 | $306.1M |
PFG spent $1B buying back its own shares over the past year, up 9.2% 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.
PFG Net Leverage
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).
PFG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.4 | Neutral |
| Stochastic | 38.2 | Neutral |
PFG's weekly RSI is 57 (neutral) and its Stochastic is 38 (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.
PFG PE vs Financial Services Sector
| Metric | PFG | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 3.4% below |
| PE % | 65 | 63 | 2 pts above |
PFG 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.
PFG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $110.9 | 1.9% above |
| 20 week MA | $112.4 | 0.6% above |
| 50 week MA | $102.1 | 11% above |
| 100 week MA | $91.1 | 24% above |
| 200 week MA | $85.1 | 33% above |
PFG 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.
PFG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $54.8 | $48.5 | -11% |
| 2021 | $48.5 | $71.6 | +48% |
| 2022 | $71.6 | $85.6 | +20% |
| 2023 | $85.6 | $78.7 | -8.1% |
| 2024 | $78.7 | $77.7 | -1.2% |
| 2025 | $77.7 | $89.4 | +15% |
| 2026 YTD | $89.4 | $113.0 | +26% |
PFG has the edge over IREN on returns for 2026, with the stronger performance.