Financial - Capital Markets
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IREN vs HUT
Revenue, margins, valuation, and 5-year total return — side by side.
Financial - Capital Markets
IREN vs HUT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Financial - Capital Markets | Financial - Capital Markets |
| Market Cap | $20.26B | $12.08B |
| Revenue (TTM) | $501M | $15M |
| Net Income (TTM) | $-16M | $-312M |
| Gross Margin | 68.3% | -6.1% |
| Operating Margin | 3.5% | -21.0% |
| Forward P/E | 149.3x | — |
| Total Debt | $964M | $429M |
| Cash & Equiv. | $565M | $45M |
IREN vs HUT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Nov 21 | May 26 | Return |
|---|---|---|---|
| IREN Limited (IREN) | 100 | 336.0 | +236.0% |
| Hut 8 Corp. (HUT) | 100 | 180.8 | +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.
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
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
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 167.7% NII/revenue growth vs HUT's -90.7% | |
| Value | Better valuation composite | |
| Quality / Margins | Efficiency ratio 0.6% vs HUT's 14.9% (lower = leaner) | |
| Stability / Safety | Beta 2.97 vs HUT's 4.51 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +8.4% vs HUT's +7.5% | |
| Efficiency (ROA) | Efficiency 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
Segment breakdown not available.
IREN vs HUT — 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 — 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%.
| Metric | ||
|---|---|---|
| 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% |
Valuation Metrics
HUT leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $20.3B | $12.1B |
| Enterprise ValueMkt cap + debt − cash | $20.7B | $12.5B |
| Trailing P/EPrice ÷ TTM EPS | 156.36x | -50.91x |
| Forward P/EPrice ÷ next-FY EPS est. | 149.28x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 104.12x | — |
| Price / SalesMarket cap ÷ Revenue | 40.44x | 801.01x |
| Price / BookPrice ÷ Book value/share | 7.49x | 6.79x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
IREN leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
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.
| Metric | ||
|---|---|---|
| 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 0–9 | 6 | 2 |
| Debt / EquityFinancial leverage | 0.53x | 0.25x |
| Net DebtTotal debt minus cash | $400M | $384M |
| Cash & Equiv.Liquid assets | $565M | $45M |
| Total DebtShort + long-term debt | $964M | $429M |
| Interest CoverageEBIT ÷ Interest expense | 31.42x | -9.18x |
Total Returns (Dividends Reinvested)
Evenly matched — IREN and HUT each lead in 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
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.
| Metric | ||
|---|---|---|
| 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% |
Risk & Volatility
Evenly matched — IREN and HUT each lead in 1 of 2 comparable metrics.
Risk & Volatility
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.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.97x | 4.51x |
| 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 0–100 | 65.4 | 67.2 |
| Avg Volume (50D)Average daily shares traded | 34.1M | 4.6M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
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).
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $75.57 | $78.50 |
| # AnalystsCovering analysts | 13 | 15 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
IREN leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). HUT leads in 1 (Valuation Metrics). 2 tied.
IREN vs HUT: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is 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.
02Which 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.
03Which 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.
04Which 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.
05Which 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.
06Is IREN or HUT more undervalued right now?
Analyst consensus price targets imply the most upside for IREN: 23.
9% to $75. 57.
07Which 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.
08Is 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.
09What 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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