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Stock Comparison

ELWS vs IREN vs RIOT vs BTBT

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
ELWS
Earlyworks Co., Ltd

Software - Application

TechnologyNASDAQ • JP
Market Cap$80M
5Y Perf.-46.5%
IREN
IREN Limited

Financial - Capital Markets

Financial ServicesNASDAQ • AU
Market Cap$18.86B
5Y Perf.+706.9%
RIOT
Riot Platforms, Inc.

Financial - Capital Markets

Financial ServicesNASDAQ • US
Market Cap$9.14B
5Y Perf.-16.5%
BTBT
Bit Digital, Inc.

Financial - Capital Markets

Financial ServicesNASDAQ • US
Market Cap$589M
5Y Perf.-54.2%

ELWS vs IREN vs RIOT vs BTBT — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
ELWS logoELWS
IREN logoIREN
RIOT logoRIOT
BTBT logoBTBT
IndustrySoftware - ApplicationFinancial - Capital MarketsFinancial - Capital MarketsFinancial - Capital Markets
Market Cap$80M$18.86B$9.14B$589M
Revenue (TTM)$235M$501M$647M$164M
Net Income (TTM)$-872M$402M$-867M$137M
Gross Margin64.8%68.3%-15.6%61.9%
Operating Margin-412.6%3.5%-61.8%16.8%
Forward P/E139.2x9.2x
Total Debt$52M$964M$280M$14M
Cash & Equiv.$104M$565M$234M$95M

ELWS vs IREN vs RIOT vs BTBTLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

ELWS
IREN
RIOT
BTBT
StockJul 23Feb 26Return
Earlyworks Co., Ltd (ELWS)10053.5-46.5%
IREN Limited (IREN)100806.9+706.9%
Riot Platforms, Inc. (RIOT)10083.5-16.5%
Bit Digital, Inc. (BTBT)10045.8-54.2%

Price return only. Dividends and distributions are not included.

Quick Verdict: ELWS vs IREN vs RIOT vs BTBT

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: BTBT leads in 4 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. IREN Limited is the stronger pick specifically for profitability and margin quality and recent price momentum and sentiment. ELWS also leads in specific categories worth noting. This set spans 2 sectors — these stocks serve different portfolio roles, not just different price points.
ELWS
Earlyworks Co., Ltd
The Defensive Pick

ELWS is the clearest fit if your priority is defensive.

  • Beta 1.66, current ratio 1.74x
  • Beta 1.66 vs RIOT's 3.87
Best for: defensive
IREN
IREN Limited
The Banking Pick

IREN is the #2 pick in this set and the best alternative if quality and momentum is your priority.

  • 17.4% margin vs ELWS's -370.8%
  • +7.7% vs BTBT's -9.0%
Best for: quality and momentum
RIOT
Riot Platforms, Inc.
The Banking Pick

RIOT is the clearest fit if your priority is income & stability and long-term compounding.

  • Dividend streak 2 yrs, beta 3.87
  • 7.9% 10Y total return vs IREN's 132.5%
Best for: income & stability and long-term compounding
BTBT
Bit Digital, Inc.
The Banking Pick

BTBT carries the broadest edge in this set and is the clearest fit for growth exposure and sleep-well-at-night.

  • Rev growth 264.6%, EPS growth 225.0%
  • Lower volatility, beta 3.37, Low D/E 3.0%, current ratio 5.39x
  • 264.6% NII/revenue growth vs RIOT's 71.9%
  • Better valuation composite
Best for: growth exposure and sleep-well-at-night
See the full category breakdown
CategoryWinnerWhy
GrowthBTBT logoBTBT264.6% NII/revenue growth vs RIOT's 71.9%
ValueBTBT logoBTBTBetter valuation composite
Quality / MarginsIREN logoIREN17.4% margin vs ELWS's -370.8%
Stability / SafetyELWS logoELWSBeta 1.66 vs RIOT's 3.87
DividendsBTBT logoBTBT0.3% yield; the other 3 pay no meaningful dividend
Momentum (1Y)IREN logoIREN+7.7% vs BTBT's -9.0%
Efficiency (ROA)BTBT logoBTBT19.0% ROA vs ELWS's -151.4%, ROIC 6.5% vs -190.5%

ELWS vs IREN vs RIOT vs BTBT — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

ELWSEarlyworks Co., Ltd
FY 2025
Software and Software Development Costs
100.0%$375M
IRENIREN Limited

Segment breakdown not available.

RIOTRiot Platforms, Inc.
FY 2025
Bitcoin Mining Segment
85.9%$576M
Engineering Segment
14.1%$94M
BTBTBit Digital, Inc.
FY 2024
Other Member
100.0%$550,260

ELWS vs IREN vs RIOT vs BTBT — Financial Metrics

Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLBTBTLAGGINGELWS

Income & Cash Flow (Last 12 Months)

BTBT leads this category, winning 3 of 5 comparable metrics.

RIOT is the larger business by revenue, generating $647M annually — 4.0x BTBT's $164M. IREN is the more profitable business, keeping 17.4% of every revenue dollar as net income compared to ELWS's -3.7%.

MetricELWS logoELWSEarlyworks Co., L…IREN logoIRENIREN LimitedRIOT logoRIOTRiot Platforms, I…BTBT logoBTBTBit Digital, Inc.
RevenueTrailing 12 months$235M$501M$647M$164M
EBITDAEarnings before interest/tax-$968M$172M-$450M$166M
Net IncomeAfter-tax profit-$872M$402M-$867M$137M
Free Cash FlowCash after capex-$828M-$260M-$1.0B-$448M
Gross MarginGross profit ÷ Revenue+64.8%+68.3%-15.6%+61.9%
Operating MarginEBIT ÷ Revenue-4.1%+3.5%-61.8%+16.8%
Net MarginNet income ÷ Revenue-3.7%+17.4%-102.4%+17.3%
FCF MarginFCF ÷ Revenue-3.5%-2.2%-119.6%-65.3%
Rev. Growth (YoY)Latest quarter vs prior year+7.9%
EPS Growth (YoY)Latest quarter vs prior year+2.9%-7.1%-60.0%+2.8%
BTBT leads this category, winning 3 of 5 comparable metrics.

Valuation Metrics

BTBT leads this category, winning 3 of 4 comparable metrics.

At 9.2x trailing earnings, BTBT trades at a 94% valuation discount to IREN's 145.8x P/E. On an enterprise value basis, BTBT's 8.5x EV/EBITDA is more attractive than IREN's 97.1x.

MetricELWS logoELWSEarlyworks Co., L…IREN logoIRENIREN LimitedRIOT logoRIOTRiot Platforms, I…BTBT logoBTBTBit Digital, Inc.
Market CapShares × price$80M$18.9B$9.1B$589M
Enterprise ValueMkt cap + debt − cash$79M$19.3B$9.2B$508M
Trailing P/EPrice ÷ TTM EPS145.77x-12.36x9.15x
Forward P/EPrice ÷ next-FY EPS est.139.17x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple97.06x8.49x
Price / SalesMarket cap ÷ Revenue28.31x37.64x14.12x3.60x
Price / BookPrice ÷ Book value/share168.38x6.98x2.87x0.56x
Price / FCFMarket cap ÷ FCF
BTBT leads this category, winning 3 of 4 comparable metrics.

Profitability & Efficiency

BTBT leads this category, winning 8 of 9 comparable metrics.

BTBT delivers a 21.4% return on equity — every $100 of shareholder capital generates $21 in annual profit, vs $-3 for ELWS. BTBT carries lower financial leverage with a 0.03x 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 RIOT's 3/9, reflecting solid financial health.

MetricELWS logoELWSEarlyworks Co., L…IREN logoIRENIREN LimitedRIOT logoRIOTRiot Platforms, I…BTBT logoBTBTBit Digital, Inc.
ROE (TTM)Return on equity-2.6%+18.6%-28.8%+21.4%
ROA (TTM)Return on assets-151.4%+9.9%-21.5%+19.0%
ROICReturn on invested capital-190.5%+0.7%-8.7%+6.5%
ROCEReturn on capital employed-100.3%+0.9%-11.0%+8.5%
Piotroski ScoreFundamental quality 0–94636
Debt / EquityFinancial leverage0.70x0.53x0.10x0.03x
Net DebtTotal debt minus cash-$53M$400M$46M-$81M
Cash & Equiv.Liquid assets$104M$565M$234M$95M
Total DebtShort + long-term debt$52M$964M$280M$14M
Interest CoverageEBIT ÷ Interest expense-1.11x16.60x-16.47x
BTBT leads this category, winning 8 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

IREN leads this category, winning 4 of 6 comparable metrics.

A $10,000 investment in IREN five years ago would be worth $23,252 today (with dividends reinvested), compared to $1,543 for BTBT. Over the past 12 months, IREN leads with a +765.3% total return vs BTBT's -9.0%. 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.

MetricELWS logoELWSEarlyworks Co., L…IREN logoIRENIREN LimitedRIOT logoRIOTRiot Platforms, I…BTBT logoBTBTBit Digital, Inc.
YTD ReturnYear-to-date-18.8%+33.1%+70.3%-10.3%
1-Year ReturnPast 12 months+183.2%+765.3%+207.5%-9.0%
3-Year ReturnCumulative with dividends-70.6%+1633.2%+129.8%-19.7%
5-Year ReturnCumulative with dividends-70.6%+132.5%-27.8%-84.6%
10-Year ReturnCumulative with dividends-70.6%+132.5%+787.3%-60.4%
CAGR (3Y)Annualised 3-year return-33.5%+158.8%+32.0%-7.1%
IREN leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

Evenly matched — ELWS and RIOT each lead in 1 of 2 comparable metrics.

ELWS is the less volatile stock with a 1.66 beta — it tends to amplify market swings less than RIOT's 3.87 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. RIOT currently trades 99.9% from its 52-week high vs BTBT's 40.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricELWS logoELWSEarlyworks Co., L…IREN logoIRENIREN LimitedRIOT logoRIOTRiot Platforms, I…BTBT logoBTBTBit Digital, Inc.
Beta (5Y)Sensitivity to S&P 5001.66x2.97x3.87x3.37x
52-Week HighHighest price in past year$10.50$76.87$24.14$4.55
52-Week LowLowest price in past year$1.64$6.36$7.68$1.25
% of 52W HighCurrent price vs 52-week peak+50.4%+74.0%+99.9%+40.2%
RSI (14)Momentum oscillator 0–10047.171.374.569.1
Avg Volume (50D)Average daily shares traded73K34.5M18.4M18.5M
Evenly matched — ELWS and RIOT each lead in 1 of 2 comparable metrics.

Analyst Outlook

RIOT leads this category, winning 1 of 1 comparable metric.

Analyst consensus: IREN as "Buy", RIOT as "Buy", BTBT as "Buy". Consensus price targets imply 173.2% upside for BTBT (target: $5) vs 15.7% for RIOT (target: $28). BTBT is the only dividend payer here at 0.31% yield — a key consideration for income-focused portfolios.

MetricELWS logoELWSEarlyworks Co., L…IREN logoIRENIREN LimitedRIOT logoRIOTRiot Platforms, I…BTBT logoBTBTBit Digital, Inc.
Analyst RatingConsensus buy/hold/sellBuyBuyBuy
Price TargetConsensus 12-month target$75.57$27.90$5.00
# AnalystsCovering analysts13182
Dividend YieldAnnual dividend ÷ price+0.3%
Dividend StreakConsecutive years of raises20
Dividend / ShareAnnual DPS$0.01
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%+0.0%0.0%
RIOT leads this category, winning 1 of 1 comparable metric.
Key Takeaway

BTBT leads in 3 of 6 categories (Income & Cash Flow, Valuation Metrics). IREN leads in 1 (Total Returns). 1 tied.

Best OverallBit Digital, Inc. (BTBT)Leads 3 of 6 categories
Loading custom metrics...

ELWS vs IREN vs RIOT vs BTBT: Key Questions Answered

10 questions · data-driven answers · updated daily

01

Is ELWS or IREN or RIOT or BTBT a better buy right now?

For growth investors, Bit Digital, Inc.

(BTBT) is the stronger pick with 264. 6% revenue growth year-over-year, versus 71. 9% for Riot Platforms, Inc. (RIOT). Bit Digital, Inc. (BTBT) offers the better valuation at 9. 2x 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.

02

Which has the better valuation — ELWS or IREN or RIOT or BTBT?

On trailing P/E, Bit Digital, Inc.

(BTBT) is the cheapest at 9. 2x versus IREN Limited at 145. 8x.

03

Which is the better long-term investment — ELWS or IREN or RIOT or BTBT?

Over the past 5 years, IREN Limited (IREN) delivered a total return of +132.

5%, compared to -84. 6% for Bit Digital, Inc. (BTBT). Over 10 years, the gap is even starker: RIOT returned +787. 3% 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.

04

Which is safer — ELWS or IREN or RIOT or BTBT?

By beta (market sensitivity over 5 years), Earlyworks Co.

, Ltd (ELWS) is the lower-risk stock at 1. 66β versus Riot Platforms, Inc. 's 3. 87β — meaning RIOT is approximately 134% more volatile than ELWS relative to the S&P 500. On balance sheet safety, Bit Digital, Inc. (BTBT) carries a lower debt/equity ratio of 3% versus 70% for Earlyworks Co. , Ltd — giving it more financial flexibility in a downturn.

05

Which is growing faster — ELWS or IREN or RIOT or BTBT?

By revenue growth (latest reported year), Bit Digital, Inc.

(BTBT) is pulling ahead at 264. 6% versus 71. 9% for Riot Platforms, Inc. (RIOT). On earnings-per-share growth, the picture is similar: IREN Limited grew EPS 234. 5% year-over-year, compared to -673. 5% for Riot Platforms, Inc.. 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.

06

Which has better profit margins — ELWS or IREN or RIOT or BTBT?

IREN Limited (IREN) is the more profitable company, earning 17.

4% net margin versus -102. 4% for Riot Platforms, Inc. — meaning it keeps 17. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BTBT leads at 16. 8% versus -61. 8% for RIOT. 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.

07

Is ELWS or IREN or RIOT or BTBT more undervalued right now?

Analyst consensus price targets imply the most upside for BTBT: 173.

2% to $5. 00.

08

Which pays a better dividend — ELWS or IREN or RIOT or BTBT?

In this comparison, BTBT (0.

3% yield) pays a dividend. ELWS, IREN, RIOT do not pay a meaningful dividend and should not be held primarily for income.

09

Is ELWS or IREN or RIOT or BTBT better for a retirement portfolio?

For long-horizon retirement investors, Riot Platforms, Inc.

(RIOT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+787. 3% 10Y return). Bit Digital, Inc. (BTBT) carries a higher beta of 3. 37 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (RIOT: +787. 3%, BTBT: -60. 4%), 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.

10

What are the main differences between ELWS and IREN and RIOT and BTBT?

These companies operate in different sectors (ELWS (Technology) and IREN (Financial Services) and RIOT (Financial Services) and BTBT (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.

Find Stocks Like These

Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform all of them.

Stocks Like

ELWS

High-Growth Disruptor

  • Sector: Technology
  • Market Cap > $100B
  • Revenue Growth > 394%
  • Gross Margin > 38%
Run This Screen
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IREN

High-Growth Compounder

  • Sector: Financial Services
  • Market Cap > $100B
  • Revenue Growth > 83%
  • Net Margin > 10%
Run This Screen
Stocks Like

RIOT

High-Growth Disruptor

  • Sector: Financial Services
  • Market Cap > $100B
  • Revenue Growth > 35%
Run This Screen
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BTBT

High-Growth Compounder

  • Sector: Financial Services
  • Market Cap > $100B
  • Revenue Growth > 132%
  • Net Margin > 10%
Run This Screen
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Beat Both

Find stocks that outperform ELWS and IREN and RIOT and BTBT on the metrics below

Revenue Growth>
%
(ELWS: 789.9% · IREN: 167.7%)

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