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ELWS vs IREN
Revenue, margins, valuation, and 5-year total return — side by side.
Financial - Capital Markets
ELWS vs IREN — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Software - Application | Financial - Capital Markets |
| Market Cap | $80M | $18.86B |
| Revenue (TTM) | $235M | $501M |
| Net Income (TTM) | $-872M | $402M |
| Gross Margin | 64.8% | 68.3% |
| Operating Margin | -412.6% | 3.5% |
| Forward P/E | — | 139.2x |
| Total Debt | $52M | $964M |
| Cash & Equiv. | $104M | $565M |
ELWS vs IREN — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Jul 23 | Feb 26 | Return |
|---|---|---|---|
| Earlyworks Co., Ltd (ELWS) | 100 | 53.5 | -46.5% |
| IREN Limited (IREN) | 100 | 806.9 | +706.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ELWS vs IREN
Each card shows where this stock fits in a portfolio — not just who wins on paper.
ELWS is the clearest fit if your priority is income & stability and sleep-well-at-night.
- beta 1.66
- Lower volatility, beta 1.66, Low D/E 70.0%, current ratio 1.74x
- Beta 1.66, current ratio 1.74x
IREN carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 167.7%, EPS growth 234.5%
- 132.5% 10Y total return vs ELWS's -70.6%
- 167.7% NII/revenue growth vs ELWS's 145.5%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 167.7% NII/revenue growth vs ELWS's 145.5% | |
| Quality / Margins | 17.4% margin vs ELWS's -370.8% | |
| Stability / Safety | Beta 1.66 vs IREN's 2.97 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +7.7% vs ELWS's +183.2% | |
| Efficiency (ROA) | 9.9% ROA vs ELWS's -151.4%, ROIC 0.7% vs -190.5% |
ELWS vs IREN — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
ELWS 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)
IREN leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
IREN is the larger business by revenue, generating $501M annually — 2.1x ELWS's $235M. IREN is the more profitable business, keeping 17.4% of every revenue dollar as net income compared to ELWS's -3.7%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $235M | $501M |
| EBITDAEarnings before interest/tax | -$968M | $172M |
| Net IncomeAfter-tax profit | -$872M | $402M |
| Free Cash FlowCash after capex | -$828M | -$260M |
| Gross MarginGross profit ÷ Revenue | +64.8% | +68.3% |
| Operating MarginEBIT ÷ Revenue | -4.1% | +3.5% |
| Net MarginNet income ÷ Revenue | -3.7% | +17.4% |
| FCF MarginFCF ÷ Revenue | -3.5% | -2.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +7.9% | — |
| EPS Growth (YoY)Latest quarter vs prior year | +2.9% | -7.1% |
Valuation Metrics
Evenly matched — ELWS and IREN each lead in 1 of 2 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $80M | $18.9B |
| Enterprise ValueMkt cap + debt − cash | $79M | $19.3B |
| Trailing P/EPrice ÷ TTM EPS | — | 145.77x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 139.17x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | 97.06x |
| Price / SalesMarket cap ÷ Revenue | 28.31x | 37.64x |
| Price / BookPrice ÷ Book value/share | 168.38x | 6.98x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
IREN leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
IREN delivers a 18.6% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $-3 for ELWS. IREN carries lower financial leverage with a 0.53x debt-to-equity ratio, signaling a more conservative balance sheet compared to ELWS's 0.70x. On the Piotroski fundamental quality scale (0–9), IREN scores 6/9 vs ELWS's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -2.6% | +18.6% |
| ROA (TTM)Return on assets | -151.4% | +9.9% |
| ROICReturn on invested capital | -190.5% | +0.7% |
| ROCEReturn on capital employed | -100.3% | +0.9% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 6 |
| Debt / EquityFinancial leverage | 0.70x | 0.53x |
| Net DebtTotal debt minus cash | -$53M | $400M |
| Cash & Equiv.Liquid assets | $104M | $565M |
| Total DebtShort + long-term debt | $52M | $964M |
| Interest CoverageEBIT ÷ Interest expense | -1.11x | 16.60x |
Total Returns (Dividends Reinvested)
IREN leads this category, winning 6 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 $2,942 for ELWS. Over the past 12 months, IREN leads with a +765.3% total return vs ELWS's +183.2%. The 3-year compound annual growth rate (CAGR) favors IREN at 158.8% vs ELWS's -33.5% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -18.8% | +33.1% |
| 1-Year ReturnPast 12 months | +183.2% | +765.3% |
| 3-Year ReturnCumulative with dividends | -70.6% | +1633.2% |
| 5-Year ReturnCumulative with dividends | -70.6% | +132.5% |
| 10-Year ReturnCumulative with dividends | -70.6% | +132.5% |
| CAGR (3Y)Annualised 3-year return | -33.5% | +158.8% |
Risk & Volatility
Evenly matched — ELWS and IREN each lead in 1 of 2 comparable metrics.
Risk & Volatility
ELWS is the less volatile stock with a 1.66 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 ELWS's 50.4% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.66x | 2.97x |
| 52-Week HighHighest price in past year | $10.50 | $76.87 |
| 52-Week LowLowest price in past year | $1.64 | $6.36 |
| % of 52W HighCurrent price vs 52-week peak | +50.4% | +74.0% |
| RSI (14)Momentum oscillator 0–100 | 47.1 | 71.3 |
| Avg Volume (50D)Average daily shares traded | 73K | 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% |
IREN leads in 3 of 6 categories — strongest in Income & Cash Flow and Profitability & Efficiency. 2 categories are tied.
ELWS vs IREN: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is ELWS 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 145. 5% for Earlyworks Co. , Ltd (ELWS). IREN Limited (IREN) offers the better valuation at 145. 8x trailing P/E (139. 2x forward), 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 is the better long-term investment — ELWS or IREN?
Over the past 5 years, IREN Limited (IREN) delivered a total return of +132.
5%, compared to -70. 6% for Earlyworks Co. , Ltd (ELWS). Over 10 years, the gap is even starker: IREN returned +132. 5% versus ELWS's -70. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — ELWS or IREN?
By beta (market sensitivity over 5 years), Earlyworks Co.
, Ltd (ELWS) is the lower-risk stock at 1. 66β versus IREN Limited's 2. 97β — meaning IREN is approximately 79% more volatile than ELWS relative to the S&P 500. On balance sheet safety, IREN Limited (IREN) carries a lower debt/equity ratio of 53% versus 70% for Earlyworks Co. , Ltd — giving it more financial flexibility in a downturn.
04Which is growing faster — ELWS or IREN?
By revenue growth (latest reported year), IREN Limited (IREN) is pulling ahead at 167.
7% versus 145. 5% for Earlyworks Co. , Ltd (ELWS). On earnings-per-share growth, the picture is similar: IREN Limited grew EPS 234. 5% year-over-year, compared to 100. 0% for Earlyworks Co. , 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.
05Which has better profit margins — ELWS or IREN?
IREN Limited (IREN) is the more profitable company, earning 17.
4% net margin versus -58. 3% for Earlyworks Co. , Ltd — meaning it keeps 17. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: IREN leads at 3. 5% versus -55. 8% for ELWS. 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.
06Which pays a better dividend — ELWS 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.
07Is ELWS or IREN better for a retirement portfolio?
For long-horizon retirement investors, Earlyworks Co.
, Ltd (ELWS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding. IREN Limited (IREN) carries a higher beta of 2. 97 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (ELWS: -70. 6%, IREN: +132. 5%), 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.
08What are the main differences between ELWS and IREN?
These companies operate in different sectors (ELWS (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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