Iris Energy IREN Ratios & Valuation
| FY'25 | FY'24 | FY'23 | ||
|---|---|---|---|---|
| Profitability | ||||
| Gross margin | 68.3%+14.8pp | 53.5%+5.7pp | 47.8%— | |
| Operating margin | 3.5%+18.0pp | -14.5%+194pp | -208.2%— | |
| Net margin | 17.4%+32.8pp | -15.4%+212pp | -227.6%— | |
| EBITDA margin | 39.6%+27.2pp | 12.4%+180pp | -167.6%— | |
| Free cash flow margin | -65.4%-17.5pp | -47.9%+98.2pp | -146.1%— | |
| Returns | ||||
| Return on equity | 6%+10.1pp | -4.1%+42.1pp | -46.3%— | |
| Return on assets | 4.2%— | —— | —— | |
| Return on invested capital | 1.8%— | —— | —— | |
| Efficiency | ||||
| Asset turnover | 0.2×— | —— | —— | |
| Liquidity | ||||
| Current ratio | 4.3×-4.6× | 8.9×— | —— | |
| Quick ratio | 4.3×-4.6× | 8.9×— | —— | |
| Cash ratio | 3.8×-4.1× | 7.9×— | —— | |
| Leverage | ||||
| Debt-to-equity | 0×0.0× | 0×— | —— | |
| Debt-to-assets | 0×0.0× | 0×— | —— | |
| Net debt / EBITDA | -2.8×+14.5× | -17.4×— | —— | |
| Interest coverage | 1.6×+279× | -277.9×-268× | -9.7×— | |
| Per Share | ||||
| Book value per share | $8.14-26.1% | $11.01+97.5% | $5.58— | |
| Valuation | ||||
| Market capitalization | $2.79B+68.7% | $1.65B+142% | $683.08M+39.1% | |
| Enterprise value | $2.23B+78.0% | $1.25B— | —— | |
| Price / earnings | 32.1×— | —— | —— | |
| Price / sales | 5.6×-3.3× | 8.8×-0.2× | 9×— | |
| Price / book | 1.5×0.0× | 1.5×-0.7× | 2.2×+1.1× | |
| EV / EBITDA | 11.2×-42.6× | 53.9×— | —— | |
| EV / sales | 4.4×-2.2× | 6.7×— | —— | |
| Free cash flow yield | -11.7%-6.3pp | -5.4%+10.7pp | -16.2%— | |
| Earnings yield | 3.1%+4.9pp | -1.7%+23.4pp | -25.2%— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Iris Energy's profit margins?
- Iris Energy (IREN) runs a 68.4% gross margin and a -54.0% operating margin, with a 20.9% net margin.
- Where do Iris Energy's ratios come from?
- Every ratio is computed from Iris Energy's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
