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Side-by-side financial comparison of IREN Ltd (IREN) and TOOTSIE ROLL INDUSTRIES INC (TR). Click either name above to swap in a different company.
TOOTSIE ROLL INDUSTRIES INC is the larger business by last-quarter revenue ($196.3M vs $184.7M, roughly 1.1× IREN Ltd). TOOTSIE ROLL INDUSTRIES INC runs the higher net margin — 14.7% vs -84.1%, a 98.8% gap on every dollar of revenue. On growth, IREN Ltd posted the faster year-over-year revenue change (59.0% vs 1.5%). TOOTSIE ROLL INDUSTRIES INC produced more free cash flow last quarter ($61.0M 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.
Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.
IREN vs TR — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $184.7M | $196.3M |
| Net Profit | $-155.4M | $28.8M |
| Gross Margin | 64.4% | 35.7% |
| Operating Margin | -63.0% | 17.0% |
| Net Margin | -84.1% | 14.7% |
| Revenue YoY | 59.0% | 1.5% |
| Net Profit YoY | -610.0% | 27.9% |
| EPS (diluted) | $-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 | $184.7M | $196.3M | ||
| Q3 25 | $240.3M | $232.7M | ||
| Q2 25 | — | $155.1M | ||
| Q1 25 | — | $148.5M | ||
| Q4 24 | $116.1M | $193.4M | ||
| Q3 24 | $52.8M | $225.9M | ||
| Q2 24 | — | $150.7M | ||
| Q1 24 | $54.3M | $153.2M |
| Q4 25 | $-155.4M | $28.8M | ||
| Q3 25 | $384.6M | $35.7M | ||
| Q2 25 | — | $17.5M | ||
| Q1 25 | — | $18.1M | ||
| Q4 24 | $-21.9M | $22.5M | ||
| Q3 24 | $-51.7M | $32.8M | ||
| Q2 24 | — | $15.6M | ||
| Q1 24 | $8.6M | $15.8M |
| Q4 25 | 64.4% | 35.7% | ||
| Q3 25 | 66.4% | 34.1% | ||
| Q2 25 | — | 36.4% | ||
| Q1 25 | — | 35.3% | ||
| Q4 24 | 72.2% | 39.1% | ||
| Q3 24 | 39.6% | 34.1% | ||
| Q2 24 | — | 33.5% | ||
| Q1 24 | — | 32.7% |
| Q4 25 | -63.0% | 17.0% | ||
| Q3 25 | -31.8% | 13.9% | ||
| Q2 25 | — | 7.8% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | 14.9% | 20.0% | ||
| Q3 24 | -89.2% | 15.6% | ||
| Q2 24 | — | 10.2% | ||
| Q1 24 | 11.1% | 7.3% |
| Q4 25 | -84.1% | 14.7% | ||
| Q3 25 | 160.1% | 15.3% | ||
| Q2 25 | — | 11.3% | ||
| Q1 25 | — | 12.2% | ||
| Q4 24 | -18.8% | 11.6% | ||
| Q3 24 | -98.0% | 14.5% | ||
| Q2 24 | — | 10.4% | ||
| Q1 24 | 15.9% | 10.3% |
| Q4 25 | $-0.52 | — | ||
| Q3 25 | $1.08 | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-0.10 | — | ||
| Q3 24 | $-0.27 | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $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 | $3.3B | $176.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $941.0M |
| Total Assets | $7.0B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.3B | $176.6M | ||
| Q3 25 | $1.0B | $119.8M | ||
| Q2 25 | — | $170.5M | ||
| Q1 25 | — | $176.6M | ||
| Q4 24 | $427.3M | $194.6M | ||
| Q3 24 | $98.6M | $163.2M | ||
| Q2 24 | — | $131.2M | ||
| Q1 24 | $259.7M | $159.4M |
| Q4 25 | $2.5B | $941.0M | ||
| Q3 25 | $2.9B | $918.9M | ||
| Q2 25 | — | $893.1M | ||
| Q1 25 | — | $879.4M | ||
| Q4 24 | $1.2B | $870.7M | ||
| Q3 24 | $1.1B | $870.2M | ||
| Q2 24 | — | $841.4M | ||
| Q1 24 | $677.2M | $834.4M |
| Q4 25 | $7.0B | $1.3B | ||
| Q3 25 | $4.3B | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $1.9B | $1.1B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | $723.6M | $1.1B |
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 | $73.3M |
| Free Cash FlowOCF − Capex | $-468.0M | $61.0M |
| FCF MarginFCF / Revenue | -253.4% | 31.1% |
| Capex IntensityCapex / Revenue | 292.2% | 6.3% |
| Cash ConversionOCF / Net Profit | — | 2.55× |
| TTM Free Cash FlowTrailing 4 quarters | $-701.2M | $96.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $71.7M | $73.3M | ||
| Q3 25 | $142.4M | $62.2M | ||
| Q2 25 | — | $-8.5M | ||
| Q1 25 | — | $3.6M | ||
| Q4 24 | $53.6M | $68.8M | ||
| Q3 24 | $-3.9M | $61.3M | ||
| Q2 24 | — | $-12.6M | ||
| Q1 24 | $-27.1M | $21.4M |
| Q4 25 | $-468.0M | $61.0M | ||
| Q3 25 | $-38.0M | $50.7M | ||
| Q2 25 | — | $-16.0M | ||
| Q1 25 | — | $750.0K | ||
| Q4 24 | $-85.5M | $64.7M | ||
| Q3 24 | $-109.7M | $55.8M | ||
| Q2 24 | — | $-16.6M | ||
| Q1 24 | $-108.3M | $16.9M |
| Q4 25 | -253.4% | 31.1% | ||
| Q3 25 | -15.8% | 21.8% | ||
| Q2 25 | — | -10.3% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | -73.6% | 33.5% | ||
| Q3 24 | -208.0% | 24.7% | ||
| Q2 24 | — | -11.0% | ||
| Q1 24 | -199.4% | 11.0% |
| Q4 25 | 292.2% | 6.3% | ||
| Q3 25 | 75.0% | 5.0% | ||
| Q2 25 | — | 4.8% | ||
| Q1 25 | — | 1.9% | ||
| Q4 24 | 119.7% | 2.1% | ||
| Q3 24 | 200.6% | 2.4% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | 149.5% | 2.9% |
| Q4 25 | — | 2.55× | ||
| Q3 25 | 0.37× | 1.74× | ||
| Q2 25 | — | -0.49× | ||
| Q1 25 | — | 0.20× | ||
| Q4 24 | — | 3.06× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | -0.81× | ||
| Q1 24 | -3.13× | 1.35× |
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% |
TR
| Products | $194.3M | 99% |
| Rental And Royalty | $1.9M | 1% |
