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Stock Comparison

MIGI vs IREN

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

Live fundamentals10-year financials5-year price chart
MIGI
Mawson Infrastructure Group, Inc.

Financial - Capital Markets

Financial ServicesNASDAQ • AU
Market Cap$4M
5Y Perf.-99.6%
IREN
IREN Limited

Financial - Capital Markets

Financial ServicesNASDAQ • AU
Market Cap$20.26B
5Y Perf.+88.9%

MIGI vs IREN — Key Financials

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

Company Snapshot
MIGI logoMIGI
IREN logoIREN
IndustryFinancial - Capital MarketsFinancial - Capital Markets
Market Cap$4M$20.26B
Revenue (TTM)$59M$501M
Net Income (TTM)$-13M$-16M
Gross Margin34.2%68.3%
Operating Margin-52.6%3.5%
Forward P/E149.3x
Total Debt$25M$964M
Cash & Equiv.$6M$565M

MIGI vs IRENLong-Term Stock Performance

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

MIGI
IREN
StockNov 21May 26Return
Mawson Infrastructu… (MIGI)1000.4-99.6%
IREN Limited (IREN)100188.9+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.

Bottom line: IREN leads in 5 of 6 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. As sector peers, any of these can serve as alternatives in the same allocation.
MIGI
Mawson Infrastructure Group, Inc.
The Financial Play

In this particular matchup, MIGI is outpaced on most metrics by others in the set.

Best for: financial services exposure
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%
  • 149.4% 10Y total return vs MIGI's -100.0%
Best for: income & stability and growth exposure
See the full category breakdown
CategoryWinnerWhy
GrowthIREN logoIREN167.7% NII/revenue growth vs MIGI's 36.0%
Quality / MarginsIREN logoIRENEfficiency ratio 0.6% vs MIGI's 0.9% (lower = leaner)
Stability / SafetyIREN logoIRENBeta 2.97 vs MIGI's 4.10
DividendsTieNeither stock pays a meaningful dividend
Momentum (1Y)IREN logoIREN+8.4% vs MIGI's -60.5%
Efficiency (ROA)IREN logoIRENEfficiency 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.

BEST OVERALLIRENLAGGINGMIGI

Income & Cash Flow (Last 12 Months)

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

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%.

MetricMIGI logoMIGIMawson Infrastruc…IREN logoIRENIREN Limited
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%
IREN leads this category, winning 3 of 5 comparable metrics.

Valuation Metrics

MIGI leads this category, winning 2 of 2 comparable metrics.
MetricMIGI logoMIGIMawson Infrastruc…IREN logoIRENIREN Limited
Market CapShares × price$4M$20.3B
Enterprise ValueMkt cap + debt − cash$23M$20.7B
Trailing P/EPrice ÷ TTM EPS-0.09x156.36x
Forward P/EPrice ÷ next-FY EPS est.149.28x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple104.12x
Price / SalesMarket cap ÷ Revenue0.07x40.44x
Price / BookPrice ÷ Book value/share7.49x
Price / FCFMarket cap ÷ FCF2.62x
MIGI leads this category, winning 2 of 2 comparable metrics.

Profitability & Efficiency

IREN leads this category, winning 6 of 8 comparable metrics.

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.

MetricMIGI logoMIGIMawson Infrastruc…IREN logoIRENIREN Limited
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 0–946
Debt / EquityFinancial leverage0.53x
Net DebtTotal debt minus cash$19M$400M
Cash & Equiv.Liquid assets$6M$565M
Total DebtShort + long-term debt$25M$964M
Interest CoverageEBIT ÷ Interest expense-2.77x31.42x
IREN leads this category, winning 6 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

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

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.

MetricMIGI logoMIGIMawson Infrastruc…IREN logoIRENIREN Limited
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%
IREN leads this category, winning 6 of 6 comparable metrics.

Risk & Volatility

IREN leads this category, winning 2 of 2 comparable metrics.

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.

MetricMIGI logoMIGIMawson Infrastruc…IREN logoIRENIREN Limited
Beta (5Y)Sensitivity to S&P 5004.10x2.97x
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 0–10049.565.4
Avg Volume (50D)Average daily shares traded658K34.1M
IREN leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.
MetricMIGI logoMIGIMawson Infrastruc…IREN logoIRENIREN Limited
Analyst RatingConsensus buy/hold/sellBuy
Price TargetConsensus 12-month target$75.57
# AnalystsCovering analysts13
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises0
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 4 of 6 categories (Income & Cash Flow, Profitability & Efficiency). MIGI leads in 1 (Valuation Metrics).

Best OverallIREN Limited (IREN)Leads 4 of 6 categories
Loading custom metrics...

MIGI vs IREN: Frequently Asked Questions

8 questions · data-driven answers · updated daily

01

Is 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.

02

Which 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.

03

Which 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.

04

Which 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.

05

Which 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.

06

Which 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.

07

Is 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.

08

What 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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Stocks Like

MIGI

High-Growth Disruptor

  • Sector: Financial Services
  • Market Cap > $100B
  • Revenue Growth > 18%
  • Gross Margin > 20%
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IREN

High-Growth Compounder

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

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Revenue Growth>
%
(MIGI: 36.0% · IREN: 167.7%)

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