Financial - Capital Markets
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MIGI vs IREN
Revenue, margins, valuation, and 5-year total return — side by side.
Financial - Capital Markets
MIGI vs IREN — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Financial - Capital Markets | Financial - Capital Markets |
| Market Cap | $4M | $20.26B |
| Revenue (TTM) | $59M | $501M |
| Net Income (TTM) | $-13M | $-16M |
| Gross Margin | 34.2% | 68.3% |
| Operating Margin | -52.6% | 3.5% |
| Forward P/E | — | 149.3x |
| Total Debt | $25M | $964M |
| Cash & Equiv. | $6M | $565M |
MIGI vs IREN — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Nov 21 | May 26 | Return |
|---|---|---|---|
| Mawson Infrastructu… (MIGI) | 100 | 0.4 | -99.6% |
| IREN Limited (IREN) | 100 | 188.9 | +88.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: MIGI vs IREN
Each card shows where this stock fits in a portfolio — not just who wins on paper.
In this particular matchup, MIGI is outpaced on most metrics by others in the set.
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%
- 149.4% 10Y total return vs MIGI's -100.0%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 167.7% NII/revenue growth vs MIGI's 36.0% | |
| Quality / Margins | Efficiency ratio 0.6% vs MIGI's 0.9% (lower = leaner) | |
| Stability / Safety | Beta 2.97 vs MIGI's 4.10 | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +8.4% vs MIGI's -60.5% | |
| Efficiency (ROA) | Efficiency ratio 0.6% vs MIGI's 0.9% |
MIGI 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 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
IREN is the larger business by revenue, generating $501M annually — 8.5x MIGI's $59M. IREN is the more profitable business, keeping 17.4% of every revenue dollar as net income compared to MIGI's -77.8%.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $59M | $501M |
| EBITDAEarnings before interest/tax | -$2M | $62M |
| Net IncomeAfter-tax profit | -$13M | -$16M |
| Free Cash FlowCash after capex | -$3M | -$260M |
| Gross MarginGross profit ÷ Revenue | +34.2% | +68.3% |
| Operating MarginEBIT ÷ Revenue | -52.6% | +3.5% |
| Net MarginNet income ÷ Revenue | -77.8% | +17.4% |
| FCF MarginFCF ÷ Revenue | +2.7% | -2.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +101.5% | -7.1% |
Valuation Metrics
MIGI leads this category, winning 2 of 2 comparable metrics.
Valuation Metrics
| Metric | ||
|---|---|---|
| Market CapShares × price | $4M | $20.3B |
| Enterprise ValueMkt cap + debt − cash | $23M | $20.7B |
| Trailing P/EPrice ÷ TTM EPS | -0.09x | 156.36x |
| 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 | 0.07x | 40.44x |
| Price / BookPrice ÷ Book value/share | — | 7.49x |
| Price / FCFMarket cap ÷ FCF | 2.62x | — |
Profitability & Efficiency
IREN leads this category, winning 6 of 8 comparable metrics.
Profitability & Efficiency
IREN delivers a -0.6% return on equity — every $100 of shareholder capital generates $-1 in annual profit, vs $-3 for MIGI. On the Piotroski fundamental quality scale (0–9), IREN scores 6/9 vs MIGI's 4/9, reflecting solid financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | -3.4% | -0.6% |
| ROA (TTM)Return on assets | -24.1% | -0.2% |
| ROICReturn on invested capital | -62.9% | +0.7% |
| ROCEReturn on capital employed | -2.0% | +0.9% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 6 |
| Debt / EquityFinancial leverage | — | 0.53x |
| Net DebtTotal debt minus cash | $19M | $400M |
| Cash & Equiv.Liquid assets | $6M | $565M |
| Total DebtShort + long-term debt | $25M | $964M |
| Interest CoverageEBIT ÷ Interest expense | -2.77x | 31.42x |
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 $24,941 today (with dividends reinvested), compared to $40 for MIGI. Over the past 12 months, IREN leads with a +838.2% total return vs MIGI's -60.5%. The 3-year compound annual growth rate (CAGR) favors IREN at 164.9% vs MIGI's -55.9% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | +3.7% | +42.8% |
| 1-Year ReturnPast 12 months | -60.5% | +838.2% |
| 3-Year ReturnCumulative with dividends | -91.4% | +1759.1% |
| 5-Year ReturnCumulative with dividends | -99.6% | +149.4% |
| 10-Year ReturnCumulative with dividends | -100.0% | +149.4% |
| CAGR (3Y)Annualised 3-year return | -55.9% | +164.9% |
Risk & Volatility
IREN leads this category, winning 2 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 MIGI's 4.10 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. IREN currently trades 79.3% from its 52-week high vs MIGI's 11.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 4.10x | 2.97x |
| 52-Week HighHighest price in past year | $40.00 | $76.87 |
| 52-Week LowLowest price in past year | $1.70 | $6.01 |
| % of 52W HighCurrent price vs 52-week peak | +11.8% | +79.3% |
| RSI (14)Momentum oscillator 0–100 | 49.5 | 65.4 |
| Avg Volume (50D)Average daily shares traded | 658K | 34.1M |
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 | 0 | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
IREN leads in 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). MIGI leads in 1 (Valuation Metrics).
MIGI vs IREN: Frequently Asked Questions
8 questions · data-driven answers · updated daily
01Is MIGI 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 36. 0% for Mawson Infrastructure Group, Inc. (MIGI). 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 — MIGI or IREN?
Over the past 5 years, IREN Limited (IREN) delivered a total return of +149.
4%, compared to -99. 6% for Mawson Infrastructure Group, Inc. (MIGI). Over 10 years, the gap is even starker: IREN returned +149. 4% versus MIGI's -100. 0%. 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 — MIGI or IREN?
By beta (market sensitivity over 5 years), IREN Limited (IREN) is the lower-risk stock at 2.
97β versus Mawson Infrastructure Group, Inc. 's 4. 10β — meaning MIGI is approximately 38% more volatile than IREN relative to the S&P 500.
04Which is growing faster — MIGI or IREN?
By revenue growth (latest reported year), IREN Limited (IREN) is pulling ahead at 167.
7% versus 36. 0% for Mawson Infrastructure Group, Inc. (MIGI). On earnings-per-share growth, the picture is similar: IREN Limited grew EPS 234. 5% year-over-year, compared to 32. 9% for Mawson Infrastructure Group, 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.
05Which has better profit margins — MIGI or IREN?
IREN Limited (IREN) is the more profitable company, earning 17.
4% net margin versus -77. 8% for Mawson Infrastructure Group, 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 -52. 6% for MIGI. 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 — MIGI 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 MIGI or IREN better for a retirement portfolio?
For long-horizon retirement investors, IREN Limited (IREN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+149.
4% 10Y return). Mawson Infrastructure Group, Inc. (MIGI) carries a higher beta of 4. 10 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (IREN: +149. 4%, MIGI: -100. 0%), 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 MIGI and IREN?
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.
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