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Side-by-side financial comparison of IREN Ltd (IREN) and OXFORD INDUSTRIES INC (OXM). Click either name above to swap in a different company.
OXFORD INDUSTRIES INC is the larger business by last-quarter revenue ($307.3M vs $184.7M, roughly 1.7× IREN Ltd). OXFORD INDUSTRIES INC runs the higher net margin — -20.7% vs -84.1%, a 63.4% gap on every dollar of revenue. On growth, IREN Ltd posted the faster year-over-year revenue change (59.0% vs -0.2%). OXFORD INDUSTRIES INC produced more free cash flow last quarter ($-47.9M vs $-468.0M).
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.
Oxford Industries, Inc. is a publicly traded clothing company in the United States that specializes in high-end clothing and apparel. The company carries many major labels, including Tommy Bahama, Lilly Pulitzer, Johnny Was and Southern Tide.
IREN vs OXM — Head-to-Head
Income Statement — Q2 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $184.7M | $307.3M |
| Net Profit | $-155.4M | $-63.7M |
| Gross Margin | 64.4% | 60.3% |
| Operating Margin | -63.0% | -27.7% |
| Net Margin | -84.1% | -20.7% |
| Revenue YoY | 59.0% | -0.2% |
| Net Profit YoY | -610.0% | -1517.6% |
| EPS (diluted) | $-0.52 | $-4.28 |
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 | $184.7M | $307.3M | ||
| Q3 25 | $240.3M | $403.1M | ||
| Q2 25 | — | $392.9M | ||
| Q4 24 | $116.1M | $308.0M | ||
| Q3 24 | $52.8M | $419.9M | ||
| Q2 24 | — | $398.2M | ||
| Q1 24 | $54.3M | $404.4M | ||
| Q4 23 | $42.6M | $326.6M |
| Q4 25 | $-155.4M | $-63.7M | ||
| Q3 25 | $384.6M | $16.7M | ||
| Q2 25 | — | $26.2M | ||
| Q4 24 | $-21.9M | $-3.9M | ||
| Q3 24 | $-51.7M | $40.6M | ||
| Q2 24 | — | $38.4M | ||
| Q1 24 | $8.6M | $-60.1M | ||
| Q4 23 | $-5.2M | $10.8M |
| Q4 25 | 64.4% | 60.3% | ||
| Q3 25 | 66.4% | 61.4% | ||
| Q2 25 | — | 64.2% | ||
| Q4 24 | 72.2% | 63.1% | ||
| Q3 24 | 39.6% | 63.1% | ||
| Q2 24 | — | 64.9% | ||
| Q1 24 | — | 60.9% | ||
| Q4 23 | — | 62.9% |
| Q4 25 | -63.0% | -27.7% | ||
| Q3 25 | -31.8% | 6.3% | ||
| Q2 25 | — | 9.2% | ||
| Q4 24 | 14.9% | -2.0% | ||
| Q3 24 | -89.2% | 12.5% | ||
| Q2 24 | — | 13.2% | ||
| Q1 24 | 11.1% | -20.1% | ||
| Q4 23 | -5.2% | 4.4% |
| Q4 25 | -84.1% | -20.7% | ||
| Q3 25 | 160.1% | 4.1% | ||
| Q2 25 | — | 6.7% | ||
| Q4 24 | -18.8% | -1.3% | ||
| Q3 24 | -98.0% | 9.7% | ||
| Q2 24 | — | 9.6% | ||
| Q1 24 | 15.9% | -14.9% | ||
| Q4 23 | -12.3% | 3.3% |
| Q4 25 | $-0.52 | $-4.28 | ||
| Q3 25 | $1.08 | $1.12 | ||
| Q2 25 | — | $1.70 | ||
| Q4 24 | $-0.10 | $-0.25 | ||
| Q3 24 | $-0.27 | $2.57 | ||
| Q2 24 | — | $2.42 | ||
| Q1 24 | $0.00 | $-3.72 | ||
| Q4 23 | $-0.00 | $0.68 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.3B | $8.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $528.0M |
| Total Assets | $7.0B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.3B | $8.0M | ||
| Q3 25 | $1.0B | $6.9M | ||
| Q2 25 | — | $8.2M | ||
| Q4 24 | $427.3M | $7.0M | ||
| Q3 24 | $98.6M | $18.4M | ||
| Q2 24 | — | $7.7M | ||
| Q1 24 | $259.7M | $7.6M | ||
| Q4 23 | $90.3M | $7.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $29.0M | ||
| Q4 23 | — | — |
| Q4 25 | $2.5B | $528.0M | ||
| Q3 25 | $2.9B | $597.1M | ||
| Q2 25 | — | $592.4M | ||
| Q4 24 | $1.2B | $612.2M | ||
| Q3 24 | $1.1B | $621.6M | ||
| Q2 24 | — | $592.9M | ||
| Q1 24 | $677.2M | $560.9M | ||
| Q4 23 | $381.8M | $627.1M |
| Q4 25 | $7.0B | $1.3B | ||
| Q3 25 | $4.3B | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q4 24 | $1.9B | $1.2B | ||
| Q3 24 | $1.3B | $1.2B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | $723.6M | $1.1B | ||
| Q4 23 | $417.2M | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.05× | ||
| Q4 23 | — | — |
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 | $71.7M | $-9.1M |
| Free Cash FlowOCF − Capex | $-468.0M | $-47.9M |
| FCF MarginFCF / Revenue | -253.4% | -15.6% |
| Capex IntensityCapex / Revenue | 292.2% | 12.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-701.2M | $-79.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $71.7M | $-9.1M | ||
| Q3 25 | $142.4M | $83.5M | ||
| Q2 25 | — | $-3.9M | ||
| Q4 24 | $53.6M | $-18.2M | ||
| Q3 24 | $-3.9M | $88.8M | ||
| Q2 24 | — | $32.9M | ||
| Q1 24 | $-27.1M | $74.9M | ||
| Q4 23 | $17.4M | $16.9M |
| Q4 25 | $-468.0M | $-47.9M | ||
| Q3 25 | $-38.0M | $52.3M | ||
| Q2 25 | — | $-27.4M | ||
| Q4 24 | $-85.5M | $-56.9M | ||
| Q3 24 | $-109.7M | $47.2M | ||
| Q2 24 | — | $21.0M | ||
| Q1 24 | $-108.3M | $55.3M | ||
| Q4 23 | — | $-6.2M |
| Q4 25 | -253.4% | -15.6% | ||
| Q3 25 | -15.8% | 13.0% | ||
| Q2 25 | — | -7.0% | ||
| Q4 24 | -73.6% | -18.5% | ||
| Q3 24 | -208.0% | 11.2% | ||
| Q2 24 | — | 5.3% | ||
| Q1 24 | -199.4% | 13.7% | ||
| Q4 23 | — | -1.9% |
| Q4 25 | 292.2% | 12.6% | ||
| Q3 25 | 75.0% | 7.7% | ||
| Q2 25 | — | 6.0% | ||
| Q4 24 | 119.7% | 12.6% | ||
| Q3 24 | 200.6% | 9.9% | ||
| Q2 24 | — | 3.0% | ||
| Q1 24 | 149.5% | 4.8% | ||
| Q4 23 | — | 7.1% |
| Q4 25 | — | — | ||
| Q3 25 | 0.37× | 5.00× | ||
| Q2 25 | — | -0.15× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.19× | ||
| Q2 24 | — | 0.86× | ||
| Q1 24 | -3.13× | — | ||
| Q4 23 | — | 1.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IREN
| Bitcoin Mining Revenue | $167.4M | 91% |
| AI Cloud Services | $17.3M | 9% |
OXM
| Sales Channel Retail | $162.9M | 53% |
| Sales Channel Wholesale | $61.3M | 20% |
| Johnny Was | $45.4M | 15% |
| Sales Channel Food And Beverage | $29.3M | 10% |
| Other Foreign Countries | $9.0M | 3% |
