Financial Comparison: IREN (IREN) & Its Peers

IREN (NASDAQ:IREN) is one of 959 publicly-traded companies in the “Software” industry, but how does it weigh in compared to its competitors? We will compare IREN to related businesses based on the strength of its valuation, dividends, earnings, institutional ownership, risk, profitability and analyst recommendations.

Institutional & Insider Ownership

41.1% of IREN shares are owned by institutional investors. Comparatively, 42.3% of shares of all “Software” companies are owned by institutional investors. 5.0% of IREN shares are owned by company insiders. Comparatively, 19.8% of shares of all “Software” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Profitability

This table compares IREN and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
IREN	-99.38%	-15.46%	-5.51%
IREN Competitors	-629.75%	30.33%	-8.95%

Risk & Volatility

IREN has a beta of 4.28, suggesting that its share price is 328% more volatile than the S&P 500. Comparatively, IREN’s competitors have a beta of 1.19, suggesting that their average share price is 19% more volatile than the S&P 500.

Analyst Recommendations

This is a summary of current ratings and target prices for IREN and its competitors, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
IREN	2	3	15	1	2.71
IREN Competitors	5486	21124	44084	1450	2.58

IREN currently has a consensus target price of $81.57, indicating a potential upside of 73.82%. As a group, “Software” companies have a potential upside of 289.57%. Given IREN’s competitors higher possible upside, analysts plainly believe IREN has less favorable growth aspects than its competitors.

Earnings and Valuation

This table compares IREN and its competitors revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
IREN	$707.01 million	-$702.62 million	-20.06
IREN Competitors	$1.84 billion	$387.61 million	102.52

IREN’s competitors have higher revenue and earnings than IREN. IREN is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Summary

IREN competitors beat IREN on 7 of the 13 factors compared.

About IREN

IREN Limited, formerly known as Iris Energy Limited, owns and operates bitcoin mining data centers. The company was incorporated in 2018 and is headquartered in Sydney, Australia.