Compare Stocks

2 / 10
Try these comparisons:

Stock Comparison

IREN vs RIOT

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%
RIOT
Riot Platforms, Inc.

Financial - Capital Markets

Financial ServicesNASDAQ • US
Market Cap$8.98B
5Y Perf.-36.6%

IREN vs RIOT — Key Financials

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

Company Snapshot
IREN logoIREN
RIOT logoRIOT
IndustryFinancial - Capital MarketsFinancial - Capital Markets
Market Cap$20.26B$8.98B
Revenue (TTM)$501M$647M
Net Income (TTM)$-16M$-867M
Gross Margin68.3%-15.6%
Operating Margin3.5%-61.8%
Forward P/E149.3x
Total Debt$964M$280M
Cash & Equiv.$565M$234M

IREN vs RIOTLong-Term Stock Performance

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

IREN
RIOT
StockNov 21May 26Return
IREN Limited (IREN)100336.0+236.0%
Riot Platforms, Inc. (RIOT)10063.4-36.6%

Price return only. Dividends and distributions are not included.

Quick Verdict: IREN vs RIOT

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

Bottom line: IREN and RIOT are tied at the top with 3 categories each — the right choice depends on your priorities. Riot Platforms, Inc. is the stronger pick specifically for valuation and capital efficiency and profitability and margin quality. As sector peers, any of these can serve as alternatives in the same allocation.
IREN
IREN Limited
The Banking Pick

IREN has the current edge in this matchup, primarily because of its strength in 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
RIOT
Riot Platforms, Inc.
The Banking Pick

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

  • 7.8% 10Y total return vs IREN's 149.4%
  • Better valuation composite
  • Efficiency ratio 0.5% vs IREN's 0.6% (lower = leaner)
Best for: long-term compounding
See the full category breakdown
CategoryWinnerWhy
GrowthIREN logoIREN167.7% NII/revenue growth vs RIOT's 71.9%
ValueRIOT logoRIOTBetter valuation composite
Quality / MarginsRIOT logoRIOTEfficiency ratio 0.5% vs IREN's 0.6% (lower = leaner)
Stability / SafetyIREN logoIRENBeta 2.97 vs RIOT's 3.87
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)IREN logoIREN+8.4% vs RIOT's +201.2%
Efficiency (ROA)RIOT logoRIOTEfficiency ratio 0.5% vs IREN's 0.6%

IREN vs RIOT — Revenue Breakdown by Segment

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

IRENIREN Limited

Segment breakdown not available.

RIOTRiot Platforms, Inc.
FY 2025
Bitcoin Mining Segment
85.9%$576M
Engineering Segment
14.1%$94M

IREN vs RIOT — Financial Metrics

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

BEST OVERALLIRENLAGGINGRIOT

Income & Cash Flow (Last 12 Months)

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

RIOT and IREN operate at a comparable scale, with $647M and $501M in trailing revenue. IREN is the more profitable business, keeping 17.4% of every revenue dollar as net income compared to RIOT's -102.4%.

MetricIREN logoIRENIREN LimitedRIOT logoRIOTRiot Platforms, I…
RevenueTrailing 12 months$501M$647M
EBITDAEarnings before interest/tax$62M-$450M
Net IncomeAfter-tax profit-$16M-$867M
Free Cash FlowCash after capex-$260M-$1.0B
Gross MarginGross profit ÷ Revenue+68.3%-15.6%
Operating MarginEBIT ÷ Revenue+3.5%-61.8%
Net MarginNet income ÷ Revenue+17.4%-102.4%
FCF MarginFCF ÷ Revenue-2.2%-119.6%
Rev. Growth (YoY)Latest quarter vs prior year
EPS Growth (YoY)Latest quarter vs prior year-7.1%-60.0%
IREN leads this category, winning 3 of 5 comparable metrics.

Valuation Metrics

RIOT leads this category, winning 3 of 3 comparable metrics.
MetricIREN logoIRENIREN LimitedRIOT logoRIOTRiot Platforms, I…
Market CapShares × price$20.3B$9.0B
Enterprise ValueMkt cap + debt − cash$20.7B$9.0B
Trailing P/EPrice ÷ TTM EPS156.36x-12.14x
Forward P/EPrice ÷ next-FY EPS est.149.28x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple104.12x
Price / SalesMarket cap ÷ Revenue40.44x13.86x
Price / BookPrice ÷ Book value/share7.49x2.82x
Price / FCFMarket cap ÷ FCF
RIOT leads this category, winning 3 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 $-29 for RIOT. RIOT carries lower financial leverage with a 0.10x 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 RIOT's 3/9, reflecting solid financial health.

MetricIREN logoIRENIREN LimitedRIOT logoRIOTRiot Platforms, I…
ROE (TTM)Return on equity-0.6%-28.8%
ROA (TTM)Return on assets-0.2%-21.5%
ROICReturn on invested capital+0.7%-8.7%
ROCEReturn on capital employed+0.9%-11.0%
Piotroski ScoreFundamental quality 0–963
Debt / EquityFinancial leverage0.53x0.10x
Net DebtTotal debt minus cash$400M$46M
Cash & Equiv.Liquid assets$565M$234M
Total DebtShort + long-term debt$964M$280M
Interest CoverageEBIT ÷ Interest expense31.42x-16.47x
IREN leads this category, winning 6 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 $24,941 today (with dividends reinvested), compared to $7,078 for RIOT. Over the past 12 months, IREN leads with a +838.2% total return vs RIOT's +201.2%. The 3-year compound annual growth rate (CAGR) favors IREN at 164.9% vs RIOT's 31.2% — a key indicator of consistent wealth creation.

MetricIREN logoIRENIREN LimitedRIOT logoRIOTRiot Platforms, I…
YTD ReturnYear-to-date+42.8%+67.2%
1-Year ReturnPast 12 months+838.2%+201.2%
3-Year ReturnCumulative with dividends+1759.1%+125.7%
5-Year ReturnCumulative with dividends+149.4%-29.2%
10-Year ReturnCumulative with dividends+149.4%+778.2%
CAGR (3Y)Annualised 3-year return+164.9%+31.2%
IREN leads this category, winning 4 of 6 comparable metrics.

Risk & Volatility

Evenly matched — IREN and RIOT 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 RIOT's 3.87 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. RIOT currently trades 98.9% from its 52-week high vs IREN's 79.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricIREN logoIRENIREN LimitedRIOT logoRIOTRiot Platforms, I…
Beta (5Y)Sensitivity to S&P 5002.97x3.87x
52-Week HighHighest price in past year$76.87$23.94
52-Week LowLowest price in past year$6.01$7.66
% of 52W HighCurrent price vs 52-week peak+79.3%+98.9%
RSI (14)Momentum oscillator 0–10065.466.1
Avg Volume (50D)Average daily shares traded34.1M18.2M
Evenly matched — IREN and RIOT 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 RIOT as "Buy". Consensus price targets imply 23.9% upside for IREN (target: $76) vs 17.8% for RIOT (target: $28).

MetricIREN logoIRENIREN LimitedRIOT logoRIOTRiot Platforms, I…
Analyst RatingConsensus buy/hold/sellBuyBuy
Price TargetConsensus 12-month target$75.57$27.90
# AnalystsCovering analysts1318
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises2
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 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). RIOT leads in 1 (Valuation Metrics). 1 tied.

Best OverallIREN Limited (IREN)Leads 3 of 6 categories
Loading custom metrics...

IREN vs RIOT: Frequently Asked Questions

9 questions · data-driven answers · updated daily

01

Is IREN or RIOT a better buy right now?

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

7% revenue growth year-over-year, versus 71. 9% for Riot Platforms, Inc. (RIOT). 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 RIOT?

Over the past 5 years, IREN Limited (IREN) delivered a total return of +149.

4%, compared to -29. 2% for Riot Platforms, Inc. (RIOT). Over 10 years, the gap is even starker: RIOT returned +778. 2% 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 RIOT?

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

97β versus Riot Platforms, Inc. 's 3. 87β — meaning RIOT is approximately 30% more volatile than IREN relative to the S&P 500. On balance sheet safety, Riot Platforms, Inc. (RIOT) carries a lower debt/equity ratio of 10% versus 53% for IREN Limited — giving it more financial flexibility in a downturn.

04

Which is growing faster — IREN or RIOT?

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

7% 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.

05

Which has better profit margins — IREN or RIOT?

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: IREN leads at 3. 5% 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.

06

Is IREN or RIOT 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 RIOT?

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 RIOT 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 (+778. 2% 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 (RIOT: +778. 2%, 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 RIOT?

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.

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 both.

Stocks Like

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
Custom Screen

Beat Both

Find stocks that outperform IREN and RIOT on the metrics below

Revenue Growth>
%
(IREN: 167.7% · RIOT: 71.9%)

You Might Also Compare

Based on how these companies actually compete and overlap — not just which sector they're filed under.