IREN
IREN Limited
There isn't enough reported data to score IREN yet.
SLF
Sun Life Financial Inc.
SLF's fundamentals are mixed: revenue grew 12%, while its operating margin held steady at 11%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
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.
SLF Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
SLF's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like SLF.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
SLF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $44.53 | -39% |
| Fair | 14x | $57.21 | -22% |
| Expensive | 16x | $66.78 | -8.4% |
| Current | 18x | $72.88 | — |
Historical ranges are pointers, not guarantees.
SLF's PE is 18x, 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.
SLF Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Growth | |
| Weakening | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for SLF, 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.
SLF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $4.14 | +4.8% |
| Q1 2026 | $3.75 | -2.6% |
| Q4 2025 | $4.32 | +17% |
| Q3 2025 | $3.70 | -14% |
| Q2 2025 | $3.95 | +6.8% |
| Q1 2025 | $3.85 | +3.8% |
| Q4 2024 | $3.68 | -0.3% |
| Q3 2024 | $4.30 | +9.4% |
SLF 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 SLF 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.
SLF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $9.8B | +51% |
| Q1 2026 | $6.2B | -22% |
| Q4 2025 | $6.3B | +172% |
| Q3 2025 | $8.7B | -19% |
| Q2 2025 | $6.5B | +3.4% |
| Q1 2025 | $8B | +63% |
| Q4 2024 | $2.3B | -81% |
| Q3 2024 | $10.8B | +548% |
SLF's revenue is recovering but still below its 2023 peak: $9.8B last quarter, up 51% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 9.8% | -0.9 points |
| Q1 2026 | 9.5% | -1.5 points |
| Q4 2025 | 13% | -5.4 points |
| Q3 2025 | 12% | +1 points |
| Q2 2025 | 11% | +0.4 points |
| Q1 2025 | 11% | -6.2 points |
| Q4 2024 | 18% | +14 points |
| Q3 2024 | 11% | -39 points |
SLF 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.
SLF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $63.3M | -88% |
| Q1 2026 | $2.9B | +$3.2B |
| Q4 2025 | $3.7B | +823% |
| Q3 2025 | $804.3M | -64% |
| Q2 2025 | $539.9M | -54% |
| Q1 2025 | -$290.4M | -187% |
| Q4 2024 | $402.1M | -87% |
| Q3 2024 | $2.3B | +81% |
SLF 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 | — |
SLF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.4% | -13.6M shares |
| 1 year | -1.8% | -10M shares |
| 3 years | -5.3% | -31M shares |
| 5 years | -5.3% | -31M shares |
| Available history | -6.1% | -36M shares |
SLF has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $58.4M |
| Q1 2026 | — |
| Q4 2025 | $275.4M |
| Q3 2025 | $279.1M |
| Q2 2025 | $279.8M |
| Q1 2025 | $365.6M |
| Q4 2024 | $175.1M |
| Q3 2024 | $102.6M |
SLF spent $613M buying back its own shares over the past year, down 34% 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.
SLF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 0.0x | Very low |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | 1.7x | Healthy |
| Q3 2025 | -0.3x | Net Cash |
| Q2 2025 | -0.2x | Net Cash |
| Q1 2025 | -0.3x | Net Cash |
| Q4 2024 | 1.4x | Healthy |
| Q3 2024 | -0.8x | Net Cash |
SLF 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).
SLF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 43.0 | Neutral |
| Stochastic | 26.3 | Neutral |
SLF's weekly RSI is 43 (neutral) and its Stochastic is 26 (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.
SLF PE vs Financial Services Sector
| Metric | SLF | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 13x | 35% above |
| PE % | 93 | 63 | 30 pts above |
SLF is trading at 18x earnings, a 35% 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.
SLF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $77.4 | 5.8% below |
| 20 week MA | $79.4 | 8.2% below |
| 50 week MA | $72.0 | 1.2% above |
| 100 week MA | $65.8 | 11% above |
| 200 week MA | $58.6 | 24% above |
SLF 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.
SLF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $45.5 | $43.8 | -3.8% |
| 2021 | $43.8 | $54.6 | +25% |
| 2022 | $54.6 | $46.5 | -15% |
| 2023 | $46.5 | $51.9 | +12% |
| 2024 | $51.9 | $59.5 | +15% |
| 2025 | $59.5 | $62.6 | +5.3% |
| 2026 YTD | $62.6 | $72.9 | +16% |
SLF has the edge over IREN on returns for 2026, with the stronger performance.