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Side-by-side financial comparison of Allstate (ALL) and IREN Ltd (IREN). Click either name above to swap in a different company.
Allstate is the larger business by last-quarter revenue ($17.3B vs $184.7M, roughly 93.9× IREN Ltd). Allstate runs the higher net margin — 22.1% vs -84.1%, a 106.2% gap on every dollar of revenue. On growth, IREN Ltd posted the faster year-over-year revenue change (59.0% vs 5.1%). Allstate produced more free cash flow last quarter ($2.9B vs $-468.0M).
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. The company operates through Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability segments. The Allstate Protection segment offers private passenger auto and homeowners insurance; specialty auto products, including motorcycle, trailer, motor home, and off-road vehicle insurance; other personal ...
IREN Ltd. is a vertically integrated data center business powering the future of Bitcoin, AI and beyond with renewable energy. It is strategically located in renewable-rich, fiber-connected regions across the US and Canada.
ALL vs IREN — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $17.3B | $184.7M |
| Net Profit | $3.8B | $-155.4M |
| Gross Margin | — | 64.4% |
| Operating Margin | — | -63.0% |
| Net Margin | 22.1% | -84.1% |
| Revenue YoY | 5.1% | 59.0% |
| Net Profit YoY | 98.8% | -610.0% |
| EPS (diluted) | $14.24 | $-0.52 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $17.3B | $184.7M | ||
| Q3 25 | $17.3B | $240.3M | ||
| Q2 25 | $16.6B | — | ||
| Q1 25 | $16.5B | — | ||
| Q4 24 | $16.5B | $116.1M | ||
| Q3 24 | $16.6B | $52.8M | ||
| Q2 24 | $15.7B | — | ||
| Q1 24 | $15.3B | $54.3M |
| Q4 25 | $3.8B | $-155.4M | ||
| Q3 25 | $3.7B | $384.6M | ||
| Q2 25 | $2.1B | — | ||
| Q1 25 | $595.0M | — | ||
| Q4 24 | $1.9B | $-21.9M | ||
| Q3 24 | $1.2B | $-51.7M | ||
| Q2 24 | $331.0M | — | ||
| Q1 24 | $1.2B | $8.6M |
| Q4 25 | — | 64.4% | ||
| Q3 25 | — | 66.4% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 72.2% | ||
| Q3 24 | — | 39.6% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | -63.0% | ||
| Q3 25 | — | -31.8% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 14.9% | ||
| Q3 24 | — | -89.2% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 11.1% |
| Q4 25 | 22.1% | -84.1% | ||
| Q3 25 | 21.7% | 160.1% | ||
| Q2 25 | 12.7% | — | ||
| Q1 25 | 3.6% | — | ||
| Q4 24 | 11.7% | -18.8% | ||
| Q3 24 | 7.2% | -98.0% | ||
| Q2 24 | 2.1% | — | ||
| Q1 24 | 8.0% | 15.9% |
| Q4 25 | $14.24 | $-0.52 | ||
| Q3 25 | $13.95 | $1.08 | ||
| Q2 25 | $7.76 | — | ||
| Q1 25 | $2.11 | — | ||
| Q4 24 | $7.07 | $-0.10 | ||
| Q3 24 | $4.33 | $-0.27 | ||
| Q2 24 | $1.13 | — | ||
| Q1 24 | $4.46 | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.9B | $3.3B |
| Total DebtLower is stronger | $7.5B | — |
| Stockholders' EquityBook value | $30.6B | $2.5B |
| Total Assets | $119.8B | $7.0B |
| Debt / EquityLower = less leverage | 0.24× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9B | $3.3B | ||
| Q3 25 | $8.7B | $1.0B | ||
| Q2 25 | $9.6B | — | ||
| Q1 25 | $6.5B | — | ||
| Q4 24 | $4.5B | $427.3M | ||
| Q3 24 | $7.0B | $98.6M | ||
| Q2 24 | $5.3B | — | ||
| Q1 24 | $4.3B | $259.7M |
| Q4 25 | $7.5B | — | ||
| Q3 25 | $8.1B | — | ||
| Q2 25 | $8.1B | — | ||
| Q1 25 | $8.1B | — | ||
| Q4 24 | $8.1B | — | ||
| Q3 24 | $8.1B | — | ||
| Q2 24 | $8.1B | — | ||
| Q1 24 | $7.9B | — |
| Q4 25 | $30.6B | $2.5B | ||
| Q3 25 | $27.5B | $2.9B | ||
| Q2 25 | $24.0B | — | ||
| Q1 25 | $22.1B | — | ||
| Q4 24 | $21.4B | $1.2B | ||
| Q3 24 | $20.9B | $1.1B | ||
| Q2 24 | $18.6B | — | ||
| Q1 24 | $18.6B | $677.2M |
| Q4 25 | $119.8B | $7.0B | ||
| Q3 25 | $120.4B | $4.3B | ||
| Q2 25 | $115.9B | — | ||
| Q1 25 | $115.2B | — | ||
| Q4 24 | $111.6B | $1.9B | ||
| Q3 24 | $113.7B | $1.3B | ||
| Q2 24 | $108.4B | — | ||
| Q1 24 | $105.2B | $723.6M |
| Q4 25 | 0.24× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 0.37× | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.43× | — | ||
| Q1 24 | 0.43× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $3.0B | $71.7M |
| Free Cash FlowOCF − Capex | $2.9B | $-468.0M |
| FCF MarginFCF / Revenue | 16.7% | -253.4% |
| Capex IntensityCapex / Revenue | 0.5% | 292.2% |
| Cash ConversionOCF / Net Profit | 0.78× | — |
| TTM Free Cash FlowTrailing 4 quarters | $9.9B | $-701.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0B | $71.7M | ||
| Q3 25 | $3.3B | $142.4M | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $1.7B | $53.6M | ||
| Q3 24 | $3.2B | $-3.9M | ||
| Q2 24 | $2.4B | — | ||
| Q1 24 | $1.7B | $-27.1M |
| Q4 25 | $2.9B | $-468.0M | ||
| Q3 25 | $3.2B | $-38.0M | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $1.9B | — | ||
| Q4 24 | $1.7B | $-85.5M | ||
| Q3 24 | $3.1B | $-109.7M | ||
| Q2 24 | $2.3B | — | ||
| Q1 24 | $1.6B | $-108.3M |
| Q4 25 | 16.7% | -253.4% | ||
| Q3 25 | 18.8% | -15.8% | ||
| Q2 25 | 11.3% | — | ||
| Q1 25 | 11.4% | — | ||
| Q4 24 | 10.0% | -73.6% | ||
| Q3 24 | 18.9% | -208.0% | ||
| Q2 24 | 14.7% | — | ||
| Q1 24 | 10.6% | -199.4% |
| Q4 25 | 0.5% | 292.2% | ||
| Q3 25 | 0.3% | 75.0% | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.6% | — | ||
| Q4 24 | 0.3% | 119.7% | ||
| Q3 24 | 0.4% | 200.6% | ||
| Q2 24 | 0.4% | — | ||
| Q1 24 | 0.3% | 149.5% |
| Q4 25 | 0.78× | — | ||
| Q3 25 | 0.88× | 0.37× | ||
| Q2 25 | 0.89× | — | ||
| Q1 25 | 3.30× | — | ||
| Q4 24 | 0.88× | — | ||
| Q3 24 | 2.69× | — | ||
| Q2 24 | 7.13× | — | ||
| Q1 24 | 1.37× | -3.13× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALL
Segment breakdown not available.
IREN
| Bitcoin Mining Revenue | $167.4M | 91% |
| AI Cloud Services | $17.3M | 9% |
