CRCL vs. IREN: A Head-to-Head Stock Comparison

Updated on October 8, 2025

Here’s a clear look at CRCL and IREN, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

Symbol	CRCL	IREN
Company Name	Circle Internet Group	IREN Limited
Country	United States	Australia
GICS Sector	Information Technology	Information Technology
GICS Industry	Software	Software
Market Capitalization	37.19 billion USD	15.71 billion USD
Exchange	NYSE	NasdaqGS
Listing Date	June 5, 2025	November 17, 2021
Security Type	Common Stock	Common Stock

Historical Performance

This chart compares the performance of CRCL and IREN by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

CRCL vs. IREN: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	CRCL	IREN
5-Day Price Return	12.02%	23.06%
13-Week Price Return	-28.42%	240.71%
26-Week Price Return	--	769.73%
52-Week Price Return	--	636.61%
Month-to-Date Return	12.02%	23.06%
Year-to-Date Return	78.43%	488.09%
10-Day Avg. Volume	10.82M	42.74M
3-Month Avg. Volume	21.04M	29.15M
3-Month Volatility	95.45%	91.75%
Beta	-3.43	4.23

Profitability

Return on Equity (TTM)

CRCL

Software Industry

Max: 66.28%
Q3: 21.28%
Median: 9.33%
Q1: -8.77%
Min: -48.16%

Return on Equity data for CRCL is currently unavailable.

IREN

5.54%

Software Industry

Max: 66.28%
Q3: 21.28%
Median: 9.33%
Q1: -8.77%
Min: -48.16%

IREN’s Return on Equity of 5.54% is on par with the norm for the Software industry, indicating its profitability relative to shareholder equity is typical for the sector.

CRCL vs. IREN: A comparison of their Return on Equity (TTM) against the Software industry benchmark.

Net Profit Margin (TTM)

CRCL

-8.98%

Software Industry

Max: 51.92%
Q3: 19.23%
Median: 6.98%
Q1: -7.14%
Min: -41.00%

CRCL has a negative Net Profit Margin of -8.98%, indicating the company is operating at a net loss as its expenses exceeded its revenues.

IREN

9.52%

Software Industry

Max: 51.92%
Q3: 19.23%
Median: 6.98%
Q1: -7.14%
Min: -41.00%

IREN’s Net Profit Margin of 9.52% is aligned with the median group of its peers in the Software industry. This indicates its ability to convert revenue into profit is typical for the sector.

CRCL vs. IREN: A comparison of their Net Profit Margin (TTM) against the Software industry benchmark.

Operating Profit Margin (TTM)

CRCL

-2.10%

Software Industry

Max: 60.40%
Q3: 21.25%
Median: 9.90%
Q1: -4.97%
Min: -43.50%

CRCL has a negative Operating Profit Margin of -2.10%. This signifies the company is unprofitable at the operational level, as its core business expenses exceed its revenue.

IREN

4.76%

Software Industry

Max: 60.40%
Q3: 21.25%
Median: 9.90%
Q1: -4.97%
Min: -43.50%

IREN’s Operating Profit Margin of 4.76% is around the midpoint for the Software industry, indicating that its efficiency in managing core business operations is typical for the sector.

CRCL vs. IREN: A comparison of their Operating Profit Margin (TTM) against the Software industry benchmark.

Profitability at a Glance

Symbol	CRCL	IREN
Return on Equity (TTM)	--	5.54%
Return on Assets (TTM)	--	3.89%
Net Profit Margin (TTM)	-8.98%	9.52%
Operating Profit Margin (TTM)	-2.10%	4.76%
Gross Profit Margin (TTM)	--	--

Financial Strength

Current Ratio (MRQ)

CRCL

1.03

Software Industry

Max: 4.29
Q3: 2.37
Median: 1.40
Q1: 1.03
Min: 0.25

CRCL’s Current Ratio of 1.03 falls into the lower quartile for the Software industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.

IREN

4.29

Software Industry

Max: 4.29
Q3: 2.37
Median: 1.40
Q1: 1.03
Min: 0.25

IREN’s Current Ratio of 4.29 is in the upper quartile for the Software industry. This signifies a strong liquidity position, suggesting the company is well-equipped to cover its immediate liabilities compared to its peers.

CRCL vs. IREN: A comparison of their Current Ratio (MRQ) against the Software industry benchmark.

Debt-to-Equity Ratio (MRQ)

CRCL

0.09

Software Industry

Max: 2.16
Q3: 0.86
Median: 0.31
Q1: 0.00
Min: 0.00

CRCL’s Debt-to-Equity Ratio of 0.09 is typical for the Software industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

IREN

0.53

Software Industry

Max: 2.16
Q3: 0.86
Median: 0.31
Q1: 0.00
Min: 0.00

IREN’s Debt-to-Equity Ratio of 0.53 is typical for the Software industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

CRCL vs. IREN: A comparison of their Debt-to-Equity Ratio (MRQ) against the Software industry benchmark.

Interest Coverage Ratio (TTM)

CRCL

Software Industry

Max: 89.65
Q3: 32.64
Median: 1.00
Q1: -9.84
Min: -71.23

Interest Coverage Ratio data for CRCL is currently unavailable.

IREN

-9.84

Software Industry

Max: 89.65
Q3: 32.64
Median: 1.00
Q1: -9.84
Min: -71.23

IREN has a negative Interest Coverage Ratio of -9.84. This indicates that its earnings were insufficient to cover even its operational costs, let alone its interest payments, signaling significant financial distress.

CRCL vs. IREN: A comparison of their Interest Coverage Ratio (TTM) against the Software industry benchmark.

Financial Strength at a Glance

Symbol	CRCL	IREN
Current Ratio (MRQ)	1.03	4.29
Quick Ratio (MRQ)	1.03	4.07
Debt-to-Equity Ratio (MRQ)	0.09	0.53
Interest Coverage Ratio (TTM)	--	-9.84

Growth

Revenue Growth

CRCL vs. IREN: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

CRCL vs. IREN: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

CRCL

0.00%

Software Industry

Max: 0.22%
Q3: 0.11%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

CRCL currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

IREN

0.00%

Software Industry

Max: 0.22%
Q3: 0.11%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

IREN currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

CRCL vs. IREN: A comparison of their Dividend Yield (TTM) against the Software industry benchmark.

Dividend Payout Ratio (TTM)

CRCL

0.00%

Software Industry

Max: 3.29%
Q3: 2.41%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

CRCL has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.

IREN

0.00%

Software Industry

Max: 3.29%
Q3: 2.41%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

IREN has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.

CRCL vs. IREN: A comparison of their Dividend Payout Ratio (TTM) against the Software industry benchmark.

Dividend at a Glance

Symbol	CRCL	IREN
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

Price-to-Earnings Ratio (TTM)

CRCL

Software Industry

Max: 145.74
Q3: 94.88
Median: 45.35
Q1: 26.66
Min: 8.80

P/E Ratio data for CRCL is currently unavailable.

IREN

199.77

Software Industry

Max: 145.74
Q3: 94.88
Median: 45.35
Q1: 26.66
Min: 8.80

At 199.77, IREN’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Software industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.

CRCL vs. IREN: A comparison of their Price-to-Earnings Ratio (TTM) against the Software industry benchmark.

Price-to-Sales Ratio (TTM)

CRCL

10.80

Software Industry

Max: 25.67
Q3: 13.68
Median: 8.28
Q1: 4.95
Min: 0.90

CRCL’s P/S Ratio of 10.80 aligns with the market consensus for the Software industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

IREN

19.01

Software Industry

Max: 25.67
Q3: 13.68
Median: 8.28
Q1: 4.95
Min: 0.90

IREN’s P/S Ratio of 19.01 is in the upper echelon for the Software industry. This means the company is valued richly on its revenue stream compared to its peers, suggesting the stock is priced for a high level of future performance.

CRCL vs. IREN: A comparison of their Price-to-Sales Ratio (TTM) against the Software industry benchmark.

Price-to-Book Ratio (MRQ)

CRCL

17.02

Software Industry

Max: 30.67
Q3: 14.92
Median: 8.52
Q1: 3.89
Min: 0.38

CRCL’s P/B Ratio of 17.02 is in the upper tier for the Software industry. This indicates that investors are paying a premium relative to the company’s net assets, a valuation that hinges on its ability to generate superior profits.

IREN

1.80

Software Industry

Max: 30.67
Q3: 14.92
Median: 8.52
Q1: 3.89
Min: 0.38

IREN’s P/B Ratio of 1.80 is in the lower quartile for the Software industry. From a value investing perspective, this is favorable, as it suggests the stock is trading at a discount to its net asset value and may offer a greater margin of safety.

CRCL vs. IREN: A comparison of their Price-to-Book Ratio (MRQ) against the Software industry benchmark.

Valuation at a Glance

Symbol	CRCL	IREN
Price-to-Earnings Ratio (TTM)	--	199.77
Price-to-Sales Ratio (TTM)	10.80	19.01
Price-to-Book Ratio (MRQ)	17.02	1.80
Price-to-Free Cash Flow Ratio (TTM)	64.13	--