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Stock Comparison

IREN vs HUT

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

Live fundamentals10-year financials5-year price chart
IREN
IREN Limited

Financial - Capital Markets

Financial ServicesNASDAQ • AU
Market Cap$20.26B
5Y Perf.+236.0%
HUT
Hut 8 Corp.

Financial - Capital Markets

Financial ServicesNASDAQ • US
Market Cap$12.08B
5Y Perf.+80.8%

IREN vs HUT — Key Financials

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

Company Snapshot
IREN logoIREN
HUT logoHUT
IndustryFinancial - Capital MarketsFinancial - Capital Markets
Market Cap$20.26B$12.08B
Revenue (TTM)$501M$15M
Net Income (TTM)$-16M$-312M
Gross Margin68.3%-6.1%
Operating Margin3.5%-21.0%
Forward P/E149.3x
Total Debt$964M$429M
Cash & Equiv.$565M$45M

IREN vs HUTLong-Term Stock Performance

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

IREN
HUT
StockNov 21May 26Return
IREN Limited (IREN)100336.0+236.0%
Hut 8 Corp. (HUT)100180.8+80.8%

Price return only. Dividends and distributions are not included.

Quick Verdict: IREN vs HUT

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

Bottom line: IREN leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. Hut 8 Corp. is the stronger pick specifically for valuation and capital efficiency. As sector peers, any of these can serve as alternatives in the same allocation.
IREN
IREN Limited
The Banking Pick

IREN carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.

  • beta 2.97
  • Rev growth 167.7%, EPS growth 234.5%
  • Lower volatility, beta 2.97, Low D/E 53.1%, current ratio 4.29x
Best for: income & stability and growth exposure
HUT
Hut 8 Corp.
The Banking Pick

HUT is the clearest fit if your priority is long-term compounding.

  • 5.1% 10Y total return vs IREN's 149.4%
  • Better valuation composite
Best for: long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthIREN logoIREN167.7% NII/revenue growth vs HUT's -90.7%
ValueHUT logoHUTBetter valuation composite
Quality / MarginsIREN logoIRENEfficiency ratio 0.6% vs HUT's 14.9% (lower = leaner)
Stability / SafetyIREN logoIRENBeta 2.97 vs HUT's 4.51
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)IREN logoIREN+8.4% vs HUT's +7.5%
Efficiency (ROA)IREN logoIRENEfficiency ratio 0.6% vs HUT's 14.9%

IREN vs HUT — Revenue Breakdown by Segment

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

IRENIREN Limited

Segment breakdown not available.

HUTHut 8 Corp.
FY 2025
High Performance Computing, Colocation And Cloud
86.1%$202M
Power
9.9%$23M
Digital Infrastructure
4.1%$10M

IREN vs HUT — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLIRENLAGGINGHUT

Income & Cash Flow (Last 12 Months)

IREN leads this category, winning 4 of 5 comparable metrics.

IREN is the larger business by revenue, generating $501M annually — 33.2x HUT's $15M. IREN is the more profitable business, keeping 17.4% of every revenue dollar as net income compared to HUT's -15.0%.

MetricIREN logoIRENIREN LimitedHUT logoHUTHut 8 Corp.
RevenueTrailing 12 months$501M$15M
EBITDAEarnings before interest/tax$62M-$389M
Net IncomeAfter-tax profit-$16M-$312M
Free Cash FlowCash after capex-$260M-$892M
Gross MarginGross profit ÷ Revenue+68.3%-6.1%
Operating MarginEBIT ÷ Revenue+3.5%-21.0%
Net MarginNet income ÷ Revenue+17.4%-15.0%
FCF MarginFCF ÷ Revenue-2.2%-22.7%
Rev. Growth (YoY)Latest quarter vs prior year
EPS Growth (YoY)Latest quarter vs prior year-7.1%-52.3%
IREN leads this category, winning 4 of 5 comparable metrics.

Valuation Metrics

HUT leads this category, winning 2 of 3 comparable metrics.
MetricIREN logoIRENIREN LimitedHUT logoHUTHut 8 Corp.
Market CapShares × price$20.3B$12.1B
Enterprise ValueMkt cap + debt − cash$20.7B$12.5B
Trailing P/EPrice ÷ TTM EPS156.36x-50.91x
Forward P/EPrice ÷ next-FY EPS est.149.28x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple104.12x
Price / SalesMarket cap ÷ Revenue40.44x801.01x
Price / BookPrice ÷ Book value/share7.49x6.79x
Price / FCFMarket cap ÷ FCF
HUT leads this category, winning 2 of 3 comparable metrics.

Profitability & Efficiency

IREN leads this category, winning 6 of 9 comparable metrics.

IREN delivers a -0.6% return on equity — every $100 of shareholder capital generates $-1 in annual profit, vs $-18 for HUT. HUT carries lower financial leverage with a 0.25x 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 HUT's 2/9, reflecting solid financial health.

MetricIREN logoIRENIREN LimitedHUT logoHUTHut 8 Corp.
ROE (TTM)Return on equity-0.6%-17.7%
ROA (TTM)Return on assets-0.2%-11.2%
ROICReturn on invested capital+0.7%-13.8%
ROCEReturn on capital employed+0.9%-17.0%
Piotroski ScoreFundamental quality 0–962
Debt / EquityFinancial leverage0.53x0.25x
Net DebtTotal debt minus cash$400M$384M
Cash & Equiv.Liquid assets$565M$45M
Total DebtShort + long-term debt$964M$429M
Interest CoverageEBIT ÷ Interest expense31.42x-9.18x
IREN leads this category, winning 6 of 9 comparable metrics.

Total Returns (Dividends Reinvested)

Evenly matched — IREN and HUT each lead in 3 of 6 comparable metrics.

A $10,000 investment in HUT five years ago would be worth $46,024 today (with dividends reinvested), compared to $24,941 for IREN. Over the past 12 months, IREN leads with a +838.2% total return vs HUT's +753.8%. The 3-year compound annual growth rate (CAGR) favors IREN at 164.9% vs HUT's 130.0% — a key indicator of consistent wealth creation.

MetricIREN logoIRENIREN LimitedHUT logoHUTHut 8 Corp.
YTD ReturnYear-to-date+42.8%+112.5%
1-Year ReturnPast 12 months+838.2%+753.8%
3-Year ReturnCumulative with dividends+1759.1%+1117.2%
5-Year ReturnCumulative with dividends+149.4%+360.2%
10-Year ReturnCumulative with dividends+149.4%+505.6%
CAGR (3Y)Annualised 3-year return+164.9%+130.0%
Evenly matched — IREN and HUT each lead in 3 of 6 comparable metrics.

Risk & Volatility

Evenly matched — IREN and HUT each lead in 1 of 2 comparable metrics.

IREN is the less volatile stock with a 2.97 beta — it tends to amplify market swings less than HUT's 4.51 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. HUT currently trades 97.9% from its 52-week high vs IREN's 79.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricIREN logoIRENIREN LimitedHUT logoHUTHut 8 Corp.
Beta (5Y)Sensitivity to S&P 5002.97x4.51x
52-Week HighHighest price in past year$76.87$111.33
52-Week LowLowest price in past year$6.01$12.23
% of 52W HighCurrent price vs 52-week peak+79.3%+97.9%
RSI (14)Momentum oscillator 0–10065.467.2
Avg Volume (50D)Average daily shares traded34.1M4.6M
Evenly matched — IREN and HUT each lead in 1 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Wall Street rates IREN as "Buy" and HUT as "Buy". Consensus price targets imply 23.9% upside for IREN (target: $76) vs -27.9% for HUT (target: $79).

MetricIREN logoIRENIREN LimitedHUT logoHUTHut 8 Corp.
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$75.57$78.50
# AnalystsCovering analysts1315
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

IREN leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). HUT leads in 1 (Valuation Metrics). 2 tied.

Best OverallIREN Limited (IREN)Leads 2 of 6 categories
Loading custom metrics...

IREN vs HUT: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is IREN or HUT a better buy right now?

For growth investors, IREN Limited (IREN) is the stronger pick with 167.

7% revenue growth year-over-year, versus -90. 7% for Hut 8 Corp. (HUT). IREN Limited (IREN) offers the better valuation at 156. 4x trailing P/E (149. 3x 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.

02

Which is the better long-term investment — IREN or HUT?

Over the past 5 years, Hut 8 Corp.

(HUT) delivered a total return of +360. 2%, compared to +149. 4% for IREN Limited (IREN). Over 10 years, the gap is even starker: HUT returned +505. 6% versus IREN's +149. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

03

Which is safer — IREN or HUT?

By beta (market sensitivity over 5 years), IREN Limited (IREN) is the lower-risk stock at 2.

97β versus Hut 8 Corp. 's 4. 51β — meaning HUT is approximately 52% more volatile than IREN relative to the S&P 500. On balance sheet safety, Hut 8 Corp. (HUT) carries a lower debt/equity ratio of 25% versus 53% for IREN Limited — giving it more financial flexibility in a downturn.

04

Which is growing faster — IREN or HUT?

By revenue growth (latest reported year), IREN Limited (IREN) is pulling ahead at 167.

7% versus -90. 7% for Hut 8 Corp. (HUT). On earnings-per-share growth, the picture is similar: IREN Limited grew EPS 234. 5% year-over-year, compared to -162. 9% for Hut 8 Corp.. 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.

05

Which has better profit margins — IREN or HUT?

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

4% net margin versus -1499. 6% for Hut 8 Corp. — 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 -21. 0% for HUT. 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.

06

Is IREN or HUT more undervalued right now?

Analyst consensus price targets imply the most upside for IREN: 23.

9% to $75. 57.

07

Which pays a better dividend — IREN or HUT?

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.

08

Is IREN or HUT better for a retirement portfolio?

For long-horizon retirement investors, Hut 8 Corp.

(HUT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+505. 6% 10Y return). 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 (HUT: +505. 6%, IREN: +149. 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.

09

What are the main differences between IREN and HUT?

Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: IREN is a mid-cap high-growth stock; HUT is a mid-cap quality compounder stock. 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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IREN

High-Growth Compounder

  • Sector: Financial Services
  • Market Cap > $100B
  • Revenue Growth > 83%
  • Net Margin > 10%
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HUT

Quality Business

  • Sector: Financial Services
  • Market Cap > $100B
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Revenue Growth>
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(IREN: 167.7% · HUT: -90.7%)

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