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BGIN vs IREN
Revenue, margins, valuation, and 5-year total return — side by side.
Financial - Capital Markets
BGIN vs IREN — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Computer Hardware | Financial - Capital Markets |
| Market Cap | $357M | $18.86B |
| Revenue (TTM) | $302M | $501M |
| Net Income (TTM) | $66M | $402M |
| Gross Margin | 42.2% | 68.3% |
| Operating Margin | 27.0% | 3.5% |
| Forward P/E | 6.8x | 139.2x |
| Total Debt | $445K | $964M |
| Cash & Equiv. | $115M | $565M |
Quick Verdict: BGIN vs IREN
Each card shows where this stock fits in a portfolio — not just who wins on paper.
BGIN carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- beta 1.95
- Lower volatility, beta 1.95, Low D/E 0.2%, current ratio 3.21x
- Beta 1.95, current ratio 3.21x
IREN is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 167.7%, EPS growth 234.5%
- 132.5% 10Y total return vs BGIN's -20.6%
- 167.7% NII/revenue growth vs BGIN's 17.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 167.7% NII/revenue growth vs BGIN's 17.5% | |
| Value | Lower P/E (6.8x vs 139.2x) | |
| Quality / Margins | 21.8% margin vs IREN's 17.4% | |
| Stability / Safety | Beta 1.95 vs IREN's 2.97, lower leverage | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +7.7% vs BGIN's -20.6% | |
| Efficiency (ROA) | 28.5% ROA vs IREN's 9.9%, ROIC 61.8% vs 0.7% |
BGIN vs IREN — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
BGIN leads this category, winning 3 of 4 comparable metrics.
Income & Cash Flow (Last 12 Months)
IREN is the larger business by revenue, generating $501M annually — 1.7x BGIN's $302M. Profitability is closely matched — net margins range from 21.8% (BGIN) to 17.4% (IREN).
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $302M | $501M |
| EBITDAEarnings before interest/tax | — | $172M |
| Net IncomeAfter-tax profit | — | $402M |
| Free Cash FlowCash after capex | — | -$260M |
| Gross MarginGross profit ÷ Revenue | +42.2% | +68.3% |
| Operating MarginEBIT ÷ Revenue | +27.0% | +3.5% |
| Net MarginNet income ÷ Revenue | +21.8% | +17.4% |
| FCF MarginFCF ÷ Revenue | -70.2% | -2.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | — | -7.1% |
Valuation Metrics
BGIN leads this category, winning 4 of 4 comparable metrics.
Valuation Metrics
At 6.8x trailing earnings, BGIN trades at a 95% valuation discount to IREN's 145.8x P/E. On an enterprise value basis, BGIN's 2.7x EV/EBITDA is more attractive than IREN's 97.1x.
| Metric | ||
|---|---|---|
| Market CapShares × price | $357M | $18.9B |
| Enterprise ValueMkt cap + debt − cash | $243M | $19.3B |
| Trailing P/EPrice ÷ TTM EPS | 6.79x | 145.77x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 139.17x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 2.66x | 97.06x |
| Price / SalesMarket cap ÷ Revenue | 1.18x | 37.64x |
| Price / BookPrice ÷ Book value/share | 2.14x | 6.98x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
BGIN leads this category, winning 7 of 8 comparable metrics.
Profitability & Efficiency
BGIN delivers a 36.7% return on equity — every $100 of shareholder capital generates $37 in annual profit, vs $19 for IREN. BGIN carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to IREN's 0.53x. On the Piotroski fundamental quality scale (0–9), IREN scores 6/9 vs BGIN's 3/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +36.7% | +18.6% |
| ROA (TTM)Return on assets | +28.5% | +9.9% |
| ROICReturn on invested capital | +61.8% | +0.7% |
| ROCEReturn on capital employed | +45.4% | +0.9% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 6 |
| Debt / EquityFinancial leverage | 0.00x | 0.53x |
| Net DebtTotal debt minus cash | -$114M | $400M |
| Cash & Equiv.Liquid assets | $115M | $565M |
| Total DebtShort + long-term debt | $445,403 | $964M |
| Interest CoverageEBIT ÷ Interest expense | — | 16.60x |
Total Returns (Dividends Reinvested)
IREN leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in IREN five years ago would be worth $23,252 today (with dividends reinvested), compared to $7,944 for BGIN. Over the past 12 months, IREN leads with a +765.3% total return vs BGIN's -20.6%. The 3-year compound annual growth rate (CAGR) favors IREN at 158.8% vs BGIN's -7.4% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +44.9% | +33.1% |
| 1-Year ReturnPast 12 months | -20.6% | +765.3% |
| 3-Year ReturnCumulative with dividends | -20.6% | +1633.2% |
| 5-Year ReturnCumulative with dividends | -20.6% | +132.5% |
| 10-Year ReturnCumulative with dividends | -20.6% | +132.5% |
| CAGR (3Y)Annualised 3-year return | -7.4% | +158.8% |
Risk & Volatility
Evenly matched — BGIN and IREN each lead in 1 of 2 comparable metrics.
Risk & Volatility
BGIN is the less volatile stock with a 1.95 beta — it tends to amplify market swings less than IREN's 2.97 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. IREN currently trades 74.0% from its 52-week high vs BGIN's 60.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.95x | 2.97x |
| 52-Week HighHighest price in past year | $6.50 | $76.87 |
| 52-Week LowLowest price in past year | $2.08 | $6.36 |
| % of 52W HighCurrent price vs 52-week peak | +60.6% | +74.0% |
| RSI (14)Momentum oscillator 0–100 | 61.3 | 71.3 |
| Avg Volume (50D)Average daily shares traded | 17K | 34.5M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy |
| Price TargetConsensus 12-month target | — | $75.57 |
| # AnalystsCovering analysts | — | 13 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
BGIN leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). IREN leads in 1 (Total Returns). 1 tied.
BGIN vs IREN: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is BGIN or IREN a better buy right now?
For growth investors, IREN Limited (IREN) is the stronger pick with 167.
7% revenue growth year-over-year, versus 17. 5% for BGIN BLOCKCHAIN Ltd (BGIN). BGIN BLOCKCHAIN Ltd (BGIN) offers the better valuation at 6. 8x trailing P/E, making it the more compelling value choice. Analysts rate IREN Limited (IREN) a "Buy" — based on 13 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — BGIN or IREN?
On trailing P/E, BGIN BLOCKCHAIN Ltd (BGIN) is the cheapest at 6.
8x versus IREN Limited at 145. 8x.
03Which is the better long-term investment — BGIN or IREN?
Over the past 5 years, IREN Limited (IREN) delivered a total return of +132.
5%, compared to -20. 6% for BGIN BLOCKCHAIN Ltd (BGIN). Over 10 years, the gap is even starker: IREN returned +132. 5% versus BGIN's -20. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — BGIN or IREN?
By beta (market sensitivity over 5 years), BGIN BLOCKCHAIN Ltd (BGIN) is the lower-risk stock at 1.
95β versus IREN Limited's 2. 97β — meaning IREN is approximately 52% more volatile than BGIN relative to the S&P 500. On balance sheet safety, BGIN BLOCKCHAIN Ltd (BGIN) carries a lower debt/equity ratio of 0% versus 53% for IREN Limited — giving it more financial flexibility in a downturn.
05Which is growing faster — BGIN or IREN?
By revenue growth (latest reported year), IREN Limited (IREN) is pulling ahead at 167.
7% versus 17. 5% for BGIN BLOCKCHAIN Ltd (BGIN). On earnings-per-share growth, the picture is similar: IREN Limited grew EPS 234. 5% year-over-year, compared to -52. 5% for BGIN BLOCKCHAIN Ltd. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — BGIN or IREN?
BGIN BLOCKCHAIN Ltd (BGIN) is the more profitable company, earning 21.
8% net margin versus 17. 4% for IREN Limited — meaning it keeps 21. 8% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BGIN leads at 27. 0% versus 3. 5% for IREN. At the gross margin level — before operating expenses — IREN leads at 68. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Which pays a better dividend — BGIN or IREN?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
08Is BGIN or IREN better for a retirement portfolio?
For long-horizon retirement investors, IREN Limited (IREN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+132.
5% 10Y return). BGIN BLOCKCHAIN Ltd (BGIN) carries a higher beta of 1. 95 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (IREN: +132. 5%, BGIN: -20. 6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between BGIN and IREN?
These companies operate in different sectors (BGIN (Technology) and IREN (Financial Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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