IREN Ltd (IREN)vsTradeweb Markets Inc (TW)
IREN
IREN Ltd
$35.09
-6.30%
FINANCIAL SERVICES · Cap: $13.64B
TW
Tradeweb Markets Inc
$116.57
-0.91%
FINANCIAL SERVICES · Cap: $25.42B
Smart Verdict
WallStSmart Research — data-driven comparison
Tradeweb Markets Inc generates 171% more annual revenue ($2.05B vs $757.10M). IREN leads profitability with a 51.5% profit margin vs 39.6%. TW appears more attractively valued with a PEG of 3.02. TW earns a higher WallStSmart Score of 65/100 (C+).
IREN
Buy57
out of 100
Grade: C
TW
Buy65
out of 100
Grade: C+
Intrinsic Value Comparison
Multi-model valuation · Graham Formula
Margin of Safety
+42.4%
Fair Value
$67.39
Current Price
$35.09
$32.30 discount
Margin of Safety
+35.1%
Fair Value
$177.37
Current Price
$116.57
$60.80 discount
Key Strengths & Concerns
Side-by-side fundamental analysis
Key Strengths
Keeps 52 of every $100 in revenue as profit
Revenue surging 59.0% year-over-year
Every $100 of equity generates 21 in profit
Earnings expanding 42.9% YoY
Keeps 40 of every $100 in revenue as profit
Strong operational efficiency at 42.4%
Earnings expanding 128.8% YoY
Safe zone — low bankruptcy risk
Areas to Watch
Moderate valuation
Elevated debt levels
Expensive relative to growth rate
Negative free cash flow — burning cash
Premium valuation, high expectations priced in
Expensive relative to growth rate
Comparative Analysis Report
WallStSmart ResearchBull Case : IREN
The strongest argument for IREN centers on Profit Margin, Revenue Growth, Return on Equity. Profitability is solid with margins at 51.5% and operating margin at -45.8%. Revenue growth of 59.0% demonstrates continued momentum.
Bull Case : TW
The strongest argument for TW centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 39.6% and operating margin at 42.4%. Revenue growth of 12.5% demonstrates continued momentum.
Bear Case : IREN
The primary concerns for IREN are P/E Ratio, Debt/Equity, PEG Ratio. Debt-to-equity of 1.53 is elevated, increasing financial risk.
Bear Case : TW
The primary concerns for TW are P/E Ratio, PEG Ratio.
Key Dynamics to Monitor
IREN profiles as a growth stock while TW is a mature play — different risk/reward profiles.
IREN carries more volatility with a beta of 4.32 — expect wider price swings.
IREN is growing revenue faster at 59.0% — sustainability is the question.
TW generates stronger free cash flow (337M), providing more financial flexibility.
Bottom Line
TW scores higher overall (65/100 vs 57/100), backed by strong 39.6% margins and 12.5% revenue growth. IREN offers better value entry with a 42.4% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.
This analysis is generated from publicly available financial data. Not financial advice.
IREN Ltd
FINANCIAL SERVICES · CAPITAL MARKETS · USA
IREN Limited (Ticker: IREN) is a vertically integrated data-center and digital infrastructure company traded on the Nasdaq. Headquartered in Sydney, Australia, it develops, owns and operates large-scale, renewable-powered data centers across North America that support Bitcoin mining, AI cloud services, and high-performance computing workloads. Originally known as Iris Energy Limited before rebranding in 2024, IREN combines its energy infrastructure and computing platforms to generate revenue from cryptocurrency mining and increasingly from GPU-powered AI cloud offerings. The company has secured significant power capacity and major customer contracts as it pivots toward AI data-center growth while maintaining its legacy mining business.
Visit Website →Tradeweb Markets Inc
FINANCIAL SERVICES · CAPITAL MARKETS · USA
Tradeweb Markets Inc. creates and operates electronic marketplaces in the Americas, Europe, the Middle East, Africa, Asia Pacific and internationally.
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