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IRENIREN -1.04%67 FCF Margin % is -883.94% as of Mar. 2026. GuruFocus rates IREN with a GF Score™ of 67/100 and a GF Value™ of $12.37 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 773 Capital Markets companies, IREN ranks worse than 92.11% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. IREN's Free Cash Flow for the
three
months ended in Mar. 2026 was $-1,279.9 Mil. IREN's Revenue for the
three
months ended in Mar. 2026 was $144.8 Mil. Therefore, IREN's FCF Margin % for the quarter that ended in Mar. 2026 was -883.94%.
The historical rank and industry rank for IREN's FCF Margin % or its related term are showing as below:
IREN'
s FCF Margin % Range Over the Past 10 Years
Min: -1004.74 Med: -230.64 Max: -146.12
Current: -322.04
During the past 6 years, the highest FCF Margin % of IREN was -146.12%. The lowest was -1004.74%. And the median was -230.64%.
IREN's FCF Margin % is ranked worse than 92.11% of 773
companies
in the Capital Markets industry
Industry Median: 1.17
vs IREN: -322.04
IREN FCF Margin % Related Terms
IREN FCF Margin % Historical Data
* Premium members only.
The historical data trend for IREN's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Capital Markets subindustry, IREN's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
IREN FCF Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, IREN's FCF Margin % distribution charts can be found below:
* The bar in red indicates where IREN's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
IREN (IREN) has a FCF Margin % of -883.94% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on IREN and its competitors. According to the industry distribution chart, IREN ranks #712 out of 773 companies in the Capital Markets industry, placing it in the top 92.1%.
Is IREN's FCF Margin % too high?
IREN's current FCF Margin % is -883.94%. Based on the distribution chart, IREN ranks #712 out of 773 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, IREN has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IREN's FCF Margin % compare to CRCL and HUT?
According to the Capital Markets industry distribution chart, IREN ranks #712 out of 773 companies for FCF Margin %. This places IREN in the lower half of its industry. The industry median FCF Margin % is 1.17. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Capital Markets company?
The median FCF Margin % among Capital Markets companies is 1.17, based on 773 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on IREN and its competitors. For the Capital Markets industry, the median FCF Margin % is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IREN's current FCF Margin % is -883.94%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IREN stock overvalued right now?
Based on GuruFocus' analysis, IREN (IREN) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.37, compared to a current price of $38.61 — trading 212.1% above its estimated fair value. The current FCF Margin % is -883.94%. IREN's overall GF Score™ is 67/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For IREN (IREN), the current FCF Margin % is -883.94% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is IREN (IREN) Overvalued in 2026?
Based on GuruFocus' analysis, IREN stock appears to be overvalued.
The current stock price of $38.61 is trading 212.1% above its estimated GF Value™ of $12.37.
GuruFocus considers IREN to be Significantly Overvalued.
Key valuation signals for IREN:
FCF Margin %: -883.94%
GF Value™: $12.37 vs. price of $38.61 (212.1% above fair value)
No single metric tells the full story. See the IREN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IREN owns data centers powered by renewable energy in Canada and the US for bitcoin mining and AI cloud infrastructure. The company is in the process of converting its existing bitcoin capacity for AI purposes and securing new power and land supply to expand its data center operation. IREN works closely with industry leaders in AI, such as Microsoft, to support their cloud infrastructure ambitions.
67GF Score
Get the complete analysis for IREN
FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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