IREN
IREN Limited
There isn't enough reported data to score IREN yet.
TRV
The Travelers Companies, Inc.
TRV's fundamentals are strong: its operating margin rose 6 points to 21% and earnings per share grew 50%. At 11x earnings, it's trading below its usual 13x. 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.
TRV Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
TRV's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like TRV.
IREN PE Valuation
IREN has no meaningful PE right now: it lost money over the past year.
TRV PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $407 | +0.9% |
| Current | 11x | $403 | — |
| Fair | 13x | $505 | +25% |
| Forward | 13x | $403 | — |
| Expensive | 16x | $603 | +50% |
Historical ranges are pointers, not guarantees.
TRV's PE is in its cheap range at 11x. On analysts' estimates for next year's earnings, today's price would be 13x, in its fair range.
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.
TRV Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Growth | |
| Stable | |
| Improving | |
| Moderate | |
| Moderate |
Analysts expect TRV's earnings to grow and its profitability to improve, with its revenue holding steady.
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.
TRV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $30.64 | -19% |
| Q3 2026 | $38.04 | +50% |
| Q2 2026 | $37.24 | +65% |
| Q1 2026 | $33.51 | +82% |
| Q4 2025 | $27.43 | +28% |
| Q3 2025 | $25.43 | +30% |
| Q2 2025 | $22.61 | +43% |
| Q1 2025 | $18.37 | +36% |
| Q4 2024 | $21.47 | +68% |
TRV 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.
TRV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $12.4B | -0.5% |
| Q2 2026 | $12.2B | +0.3% |
| Q1 2026 | $11.9B | +1% |
| Q4 2025 | $12.4B | +3.5% |
| Q3 2025 | $12.5B | +4.8% |
| Q2 2025 | $12.1B | +7.4% |
| Q1 2025 | $11.8B | +5.2% |
| Q4 2024 | $12B | +9.9% |
TRV's revenue grew through 2024 and has held roughly level since: $12.4B last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 19% | +0.3 points |
| Q2 2026 | 23% | +7.3 points |
| Q1 2026 | 18% | +14 points |
| Q4 2025 | 25% | +3.4 points |
| Q3 2025 | 19% | +5.7 points |
| Q2 2025 | 16% | +9.7 points |
| Q1 2025 | 4% | -8.2 points |
| Q4 2024 | 22% | +3.1 points |
TRV 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.
TRV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3.9B | -8.3% |
| Q2 2026 | $1.9B | -18% |
| Q1 2026 | $2.2B | +62% |
| Q4 2025 | $2.7B | +30% |
| Q3 2025 | $4.2B | +9.1% |
| Q2 2025 | $2.3B | +39% |
| Q1 2025 | $1.4B | -6.7% |
| Q4 2024 | $2.1B | -1.9% |
TRV 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 | — |
TRV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.4% | -3M shares |
| 1 year | -7.4% | -16.9M shares |
| 3 years | -8.9% | -20.5M shares |
| 5 years | -16% | -39.5M shares |
| Available history | -20% | -51.7M shares |
TRV has the edge over IREN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.5B |
| Q2 2026 | $1.3B |
| Q1 2026 | $1.8B |
| Q4 2025 | $1.6B |
| Q3 2025 | $619M |
| Q2 2025 | $500M |
| Q1 2025 | $250M |
| Q4 2024 | $256M |
TRV spent $6.2B buying back its own shares over the past year, about four times what it spent 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.
TRV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.1x | Net Cash |
| Q2 2026 | -0.1x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -0.1x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.1x | Net Cash |
| Q4 2024 | -0.1x | Net Cash |
TRV has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like TRV.
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).
TRV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 70.5 | Overbought |
| Stochastic | 73.3 | Neutral |
TRV's weekly RSI is 70 (overbought) and its Stochastic is 73 (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.
TRV PE vs Financial Services Sector
| Metric | TRV | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 19% below |
| PE % | 15 | 63 | 48 pts below |
TRV is trading at 11x earnings, a 19% discount to 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.
TRV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $384.3 | 4.9% above |
| 20 week MA | $374.7 | 7.6% above |
| 50 week MA | $327.7 | 23% above |
| 100 week MA | $295.1 | 37% above |
| 200 week MA | $247.2 | 63% above |
TRV 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.
TRV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $136.8 | $138.5 | +1.2% |
| 2021 | $138.5 | $154.7 | +12% |
| 2022 | $154.7 | $189.5 | +23% |
| 2023 | $189.5 | $190.5 | +0.5% |
| 2024 | $190.5 | $241.4 | +27% |
| 2025 | $241.4 | $292.1 | +21% |
| 2026 YTD | $292.1 | $403.2 | +38% |
TRV has the edge over IREN on returns for 2026, with the stronger performance.