vs
Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) and Cipher Mining Inc. (CIFR). Click either name above to swap in a different company.
AMPCO PITTSBURGH CORP is the larger business by last-quarter revenue ($104.4M vs $59.7M, roughly 1.7× Cipher Mining Inc.). AMPCO PITTSBURGH CORP runs the higher net margin — -55.2% vs -1229.6%, a 1174.4% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 11.5%). AMPCO PITTSBURGH CORP produced more free cash flow last quarter ($-64.0K vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs -2.6%).
Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania. It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small compa...
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
AP vs CIFR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.4M | $59.7M |
| Net Profit | $-57.7M | $-734.2M |
| Gross Margin | — | 59.4% |
| Operating Margin | -54.0% | -503.4% |
| Net Margin | -55.2% | -1229.6% |
| Revenue YoY | 11.5% | 41.4% |
| Net Profit YoY | -1958.9% | -4293.1% |
| EPS (diluted) | $-2.87 | $-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.
| Q4 25 | $104.4M | $59.7M | ||
| Q3 25 | $103.7M | $71.7M | ||
| Q2 25 | $108.9M | $43.6M | ||
| Q1 25 | $99.2M | $49.0M | ||
| Q4 24 | $93.6M | $42.2M | ||
| Q3 24 | $92.1M | $24.1M | ||
| Q2 24 | $107.1M | $36.8M | ||
| Q1 24 | $110.0M | $48.1M |
| Q4 25 | $-57.7M | $-734.2M | ||
| Q3 25 | $-2.2M | $-3.3M | ||
| Q2 25 | $-7.3M | $-45.8M | ||
| Q1 25 | $1.1M | $-39.0M | ||
| Q4 24 | $3.1M | $17.5M | ||
| Q3 24 | $-2.0M | $-86.8M | ||
| Q2 24 | $2.0M | $-15.3M | ||
| Q1 24 | $-2.7M | $39.9M |
| 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% |
| Q4 25 | -54.0% | -503.4% | ||
| Q3 25 | 1.1% | -52.5% | ||
| Q2 25 | -2.8% | -103.9% | ||
| Q1 25 | 3.9% | -77.8% | ||
| Q4 24 | 5.5% | 40.5% | ||
| Q3 24 | 2.0% | -379.2% | ||
| Q2 24 | 4.7% | -43.9% | ||
| Q1 24 | 0.1% | 97.2% |
| Q4 25 | -55.2% | -1229.6% | ||
| Q3 25 | -2.1% | -4.6% | ||
| Q2 25 | -6.7% | -105.1% | ||
| Q1 25 | 1.2% | -79.6% | ||
| Q4 24 | 3.3% | 41.5% | ||
| Q3 24 | -2.1% | -359.9% | ||
| Q2 24 | 1.9% | -41.5% | ||
| Q1 24 | -2.5% | 82.9% |
| Q4 25 | $-2.87 | $-1.91 | ||
| Q3 25 | $-0.11 | $-0.01 | ||
| Q2 25 | $-0.36 | $-0.12 | ||
| Q1 25 | $0.06 | $-0.11 | ||
| Q4 24 | $0.16 | $0.04 | ||
| Q3 24 | $-0.10 | $-0.26 | ||
| Q2 24 | $0.10 | $-0.05 | ||
| Q1 24 | $-0.14 | $0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.7M | $628.3M |
| Total DebtLower is stronger | $117.9M | $2.7B |
| Stockholders' EquityBook value | $32.6M | $805.5M |
| Total Assets | $495.4M | $4.3B |
| Debt / EquityLower = less leverage | 3.61× | 3.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.7M | $628.3M | ||
| Q3 25 | $15.0M | $1.2B | ||
| Q2 25 | $9.9M | $62.7M | ||
| Q1 25 | $7.1M | $23.2M | ||
| Q4 24 | $15.4M | $5.6M | ||
| Q3 24 | $11.8M | $25.3M | ||
| Q2 24 | $7.9M | $122.6M | ||
| Q1 24 | $10.8M | $88.7M |
| Q4 25 | $117.9M | $2.7B | ||
| Q3 25 | $119.0M | $1.0B | ||
| Q2 25 | $115.9M | $167.1M | ||
| Q1 25 | $115.0M | — | ||
| Q4 24 | $116.4M | $0 | ||
| Q3 24 | $116.0M | — | ||
| Q2 24 | $119.4M | — | ||
| Q1 24 | $116.2M | — |
| Q4 25 | $32.6M | $805.5M | ||
| Q3 25 | $60.1M | $783.2M | ||
| Q2 25 | $62.7M | $748.9M | ||
| Q1 25 | $64.6M | $734.8M | ||
| Q4 24 | $58.9M | $682.0M | ||
| Q3 24 | $61.3M | $672.0M | ||
| Q2 24 | $58.0M | $690.8M | ||
| Q1 24 | $56.3M | $600.9M |
| Q4 25 | $495.4M | $4.3B | ||
| Q3 25 | $524.4M | $2.8B | ||
| Q2 25 | $537.2M | $1.0B | ||
| Q1 25 | $536.2M | $913.8M | ||
| Q4 24 | $530.9M | $855.4M | ||
| Q3 24 | $547.4M | $775.4M | ||
| Q2 24 | $560.8M | $775.6M | ||
| Q1 24 | $565.8M | $677.1M |
| Q4 25 | 3.61× | 3.37× | ||
| Q3 25 | 1.98× | 1.31× | ||
| Q2 25 | 1.85× | 0.22× | ||
| Q1 25 | 1.78× | — | ||
| Q4 24 | 1.98× | 0.00× | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 2.06× | — | ||
| Q1 24 | 2.06× | — |
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 | $2.7M | $-207.9M |
| Free Cash FlowOCF − Capex | $-64.0K | $-695.9M |
| FCF MarginFCF / Revenue | -0.1% | -1165.4% |
| Capex IntensityCapex / Revenue | 2.7% | 817.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-8.1M | $-1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.7M | $-207.9M | ||
| Q3 25 | $6.3M | $-50.1M | ||
| Q2 25 | $-2.3M | $-56.2M | ||
| Q1 25 | $-5.3M | $-47.2M | ||
| Q4 24 | $7.5M | $-87.5M | ||
| Q3 24 | $11.4M | $-6.5M | ||
| Q2 24 | $-5.3M | $-25.4M | ||
| Q1 24 | $4.5M | $-26.6M |
| Q4 25 | $-64.0K | $-695.9M | ||
| Q3 25 | $3.3M | $-256.2M | ||
| Q2 25 | $-3.8M | $-87.5M | ||
| Q1 25 | $-7.5M | $-71.8M | ||
| Q4 24 | $3.7M | $-227.0M | ||
| Q3 24 | $8.4M | $-83.2M | ||
| Q2 24 | $-8.0M | $-33.2M | ||
| Q1 24 | $1.7M | $-34.5M |
| Q4 25 | -0.1% | -1165.4% | ||
| Q3 25 | 3.2% | -357.3% | ||
| Q2 25 | -3.5% | -200.9% | ||
| Q1 25 | -7.5% | -146.7% | ||
| Q4 24 | 4.0% | -537.6% | ||
| Q3 24 | 9.1% | -345.0% | ||
| Q2 24 | -7.5% | -90.2% | ||
| Q1 24 | 1.5% | -71.7% |
| Q4 25 | 2.7% | 817.1% | ||
| Q3 25 | 2.9% | 287.5% | ||
| Q2 25 | 1.3% | 71.8% | ||
| Q1 25 | 2.2% | 50.2% | ||
| Q4 24 | 4.0% | 330.4% | ||
| Q3 24 | 3.2% | 317.8% | ||
| Q2 24 | 2.5% | 21.4% | ||
| Q1 24 | 2.6% | 16.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.62× | — | ||
| Q4 24 | 2.40× | -5.00× | ||
| Q3 24 | — | — | ||
| Q2 24 | -2.64× | — | ||
| Q1 24 | — | -0.67× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AP
| Forged And Cast Mill Rolls | $67.0M | 64% |
| Air Handling Systems | $14.3M | 14% |
| Heat Exchange Coils | $13.1M | 13% |
| Centrifugal Pumps | $10.3M | 10% |
| Forged Engineered Products | $4.0M | 4% |
CIFR
Segment breakdown not available.
