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Side-by-side financial comparison of Allstate (ALL) and Cipher Mining Inc. (CIFR). Click either name above to swap in a different company.

Allstate is the larger business by last-quarter revenue ($17.3B vs $59.7M, roughly 290.5× Cipher Mining Inc.). Allstate runs the higher net margin — 22.1% vs -1229.6%, a 1251.7% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 5.1%). Allstate produced more free cash flow last quarter ($2.9B vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs 6.6%).

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 ...

Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.

ALL vs CIFR — Head-to-Head

Bigger by revenue
ALL
ALL
290.5× larger
ALL
$17.3B
$59.7M
CIFR
Growing faster (revenue YoY)
CIFR
CIFR
+36.3% gap
CIFR
41.4%
5.1%
ALL
Higher net margin
ALL
ALL
1251.7% more per $
ALL
22.1%
-1229.6%
CIFR
More free cash flow
ALL
ALL
$3.6B more FCF
ALL
$2.9B
$-695.9M
CIFR
Faster 2-yr revenue CAGR
CIFR
CIFR
Annualised
CIFR
11.4%
6.6%
ALL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALL
ALL
CIFR
CIFR
Revenue
$17.3B
$59.7M
Net Profit
$3.8B
$-734.2M
Gross Margin
59.4%
Operating Margin
-503.4%
Net Margin
22.1%
-1229.6%
Revenue YoY
5.1%
41.4%
Net Profit YoY
98.8%
-4293.1%
EPS (diluted)
$14.24
$-1.91

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.

Revenue
ALL
ALL
CIFR
CIFR
Q4 25
$17.3B
$59.7M
Q3 25
$17.3B
$71.7M
Q2 25
$16.6B
$43.6M
Q1 25
$16.5B
$49.0M
Q4 24
$16.5B
$42.2M
Q3 24
$16.6B
$24.1M
Q2 24
$15.7B
$36.8M
Q1 24
$15.3B
$48.1M
Net Profit
ALL
ALL
CIFR
CIFR
Q4 25
$3.8B
$-734.2M
Q3 25
$3.7B
$-3.3M
Q2 25
$2.1B
$-45.8M
Q1 25
$595.0M
$-39.0M
Q4 24
$1.9B
$17.5M
Q3 24
$1.2B
$-86.8M
Q2 24
$331.0M
$-15.3M
Q1 24
$1.2B
$39.9M
Gross Margin
ALL
ALL
CIFR
CIFR
Q4 25
59.4%
Q3 25
62.7%
Q2 25
64.8%
Q1 25
69.6%
Q4 24
56.9%
Q3 24
37.5%
Q2 24
61.2%
Q1 24
69.2%
Operating Margin
ALL
ALL
CIFR
CIFR
Q4 25
-503.4%
Q3 25
-52.5%
Q2 25
-103.9%
Q1 25
-77.8%
Q4 24
40.5%
Q3 24
-379.2%
Q2 24
-43.9%
Q1 24
97.2%
Net Margin
ALL
ALL
CIFR
CIFR
Q4 25
22.1%
-1229.6%
Q3 25
21.7%
-4.6%
Q2 25
12.7%
-105.1%
Q1 25
3.6%
-79.6%
Q4 24
11.7%
41.5%
Q3 24
7.2%
-359.9%
Q2 24
2.1%
-41.5%
Q1 24
8.0%
82.9%
EPS (diluted)
ALL
ALL
CIFR
CIFR
Q4 25
$14.24
$-1.91
Q3 25
$13.95
$-0.01
Q2 25
$7.76
$-0.12
Q1 25
$2.11
$-0.11
Q4 24
$7.07
$0.04
Q3 24
$4.33
$-0.26
Q2 24
$1.13
$-0.05
Q1 24
$4.46
$0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ALL
ALL
CIFR
CIFR
Cash + ST InvestmentsLiquidity on hand
$4.9B
$628.3M
Total DebtLower is stronger
$7.5B
$2.7B
Stockholders' EquityBook value
$30.6B
$805.5M
Total Assets
$119.8B
$4.3B
Debt / EquityLower = less leverage
0.24×
3.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALL
ALL
CIFR
CIFR
Q4 25
$4.9B
$628.3M
Q3 25
$8.7B
$1.2B
Q2 25
$9.6B
$62.7M
Q1 25
$6.5B
$23.2M
Q4 24
$4.5B
$5.6M
Q3 24
$7.0B
$25.3M
Q2 24
$5.3B
$122.6M
Q1 24
$4.3B
$88.7M
Total Debt
ALL
ALL
CIFR
CIFR
Q4 25
$7.5B
$2.7B
Q3 25
$8.1B
$1.0B
Q2 25
$8.1B
$167.1M
Q1 25
$8.1B
Q4 24
$8.1B
$0
Q3 24
$8.1B
Q2 24
$8.1B
Q1 24
$7.9B
Stockholders' Equity
ALL
ALL
CIFR
CIFR
Q4 25
$30.6B
$805.5M
Q3 25
$27.5B
$783.2M
Q2 25
$24.0B
$748.9M
Q1 25
$22.1B
$734.8M
Q4 24
$21.4B
$682.0M
Q3 24
$20.9B
$672.0M
Q2 24
$18.6B
$690.8M
Q1 24
$18.6B
$600.9M
Total Assets
ALL
ALL
CIFR
CIFR
Q4 25
$119.8B
$4.3B
Q3 25
$120.4B
$2.8B
Q2 25
$115.9B
$1.0B
Q1 25
$115.2B
$913.8M
Q4 24
$111.6B
$855.4M
Q3 24
$113.7B
$775.4M
Q2 24
$108.4B
$775.6M
Q1 24
$105.2B
$677.1M
Debt / Equity
ALL
ALL
CIFR
CIFR
Q4 25
0.24×
3.37×
Q3 25
0.29×
1.31×
Q2 25
0.34×
0.22×
Q1 25
0.37×
Q4 24
0.38×
0.00×
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
ALL
ALL
CIFR
CIFR
Operating Cash FlowLast quarter
$3.0B
$-207.9M
Free Cash FlowOCF − Capex
$2.9B
$-695.9M
FCF MarginFCF / Revenue
16.7%
-1165.4%
Capex IntensityCapex / Revenue
0.5%
817.1%
Cash ConversionOCF / Net Profit
0.78×
TTM Free Cash FlowTrailing 4 quarters
$9.9B
$-1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALL
ALL
CIFR
CIFR
Q4 25
$3.0B
$-207.9M
Q3 25
$3.3B
$-50.1M
Q2 25
$1.9B
$-56.2M
Q1 25
$2.0B
$-47.2M
Q4 24
$1.7B
$-87.5M
Q3 24
$3.2B
$-6.5M
Q2 24
$2.4B
$-25.4M
Q1 24
$1.7B
$-26.6M
Free Cash Flow
ALL
ALL
CIFR
CIFR
Q4 25
$2.9B
$-695.9M
Q3 25
$3.2B
$-256.2M
Q2 25
$1.9B
$-87.5M
Q1 25
$1.9B
$-71.8M
Q4 24
$1.7B
$-227.0M
Q3 24
$3.1B
$-83.2M
Q2 24
$2.3B
$-33.2M
Q1 24
$1.6B
$-34.5M
FCF Margin
ALL
ALL
CIFR
CIFR
Q4 25
16.7%
-1165.4%
Q3 25
18.8%
-357.3%
Q2 25
11.3%
-200.9%
Q1 25
11.4%
-146.7%
Q4 24
10.0%
-537.6%
Q3 24
18.9%
-345.0%
Q2 24
14.7%
-90.2%
Q1 24
10.6%
-71.7%
Capex Intensity
ALL
ALL
CIFR
CIFR
Q4 25
0.5%
817.1%
Q3 25
0.3%
287.5%
Q2 25
0.0%
71.8%
Q1 25
0.6%
50.2%
Q4 24
0.3%
330.4%
Q3 24
0.4%
317.8%
Q2 24
0.4%
21.4%
Q1 24
0.3%
16.4%
Cash Conversion
ALL
ALL
CIFR
CIFR
Q4 25
0.78×
Q3 25
0.88×
Q2 25
0.89×
Q1 25
3.30×
Q4 24
0.88×
-5.00×
Q3 24
2.69×
Q2 24
7.13×
Q1 24
1.37×
-0.67×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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