Head to Head Contrast: IREN (IREN) and Its Rivals

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

Profitability

This table compares IREN and its peers’ 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%	30.37%	-8.95%

Volatility & Risk

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

Analyst Ratings

This is a breakdown of current ratings and target prices for IREN and its peers, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
IREN	2	3	15	1	2.71
IREN Competitors	5484	21117	44061	1449	2.58

IREN presently has a consensus price target of $81.57, suggesting a potential upside of 82.57%. As a group, “Software” companies have a potential upside of 276.97%. Given IREN’s peers higher probable upside, analysts clearly believe IREN has less favorable growth aspects than its peers.

Institutional and Insider Ownership

41.1% of IREN shares are owned by institutional investors. Comparatively, 42.4% of shares of all “Software” companies are owned by institutional investors. 5.0% of IREN shares are owned by company insiders. Comparatively, 19.7% of shares of all “Software” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Valuation and Earnings

This table compares IREN and its peers gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
IREN	$707.01 million	-$702.62 million	-19.09
IREN Competitors	$1.81 billion	$387.51 million	102.47

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

Summary

IREN peers 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.