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Side-by-side financial comparison of Bitcoin Depot Inc. (BTM) and ROGERS CORP (ROG). Click either name above to swap in a different company.
ROGERS CORP is the larger business by last-quarter revenue ($200.5M vs $162.5M, roughly 1.2× Bitcoin Depot Inc.). Bitcoin Depot Inc. runs the higher net margin — 3.4% vs 2.2%, a 1.2% gap on every dollar of revenue. On growth, Bitcoin Depot Inc. posted the faster year-over-year revenue change (20.1% vs 5.2%). Bitcoin Depot Inc. produced more free cash flow last quarter ($2.5M vs $1.1M). Over the past eight quarters, ROGERS CORP's revenue compounded faster (-3.3% CAGR vs -4.9%).
Bitcoin Depot Inc. is one of the largest cryptocurrency ATM operators across North America. It provides retail consumers with accessible in-person kiosks to buy and sell Bitcoin and other leading digital assets, alongside online crypto purchase services via bank transfer. Its self-service kiosks are located in high-traffic retail spaces including grocery stores, gas stations and convenience stores.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
BTM vs ROG — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $162.5M | $200.5M |
| Net Profit | $5.5M | $4.5M |
| Gross Margin | — | 32.2% |
| Operating Margin | 7.3% | — |
| Net Margin | 3.4% | 2.2% |
| Revenue YoY | 20.1% | 5.2% |
| Net Profit YoY | 690.4% | 421.4% |
| EPS (diluted) | $0.08 | $0.25 |
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.
| Q1 26 | — | $200.5M | ||
| Q4 25 | — | $201.5M | ||
| Q3 25 | $162.5M | $216.0M | ||
| Q2 25 | $172.1M | $202.8M | ||
| Q1 25 | $164.2M | $190.5M | ||
| Q4 24 | — | $192.2M | ||
| Q3 24 | $135.3M | $210.3M | ||
| Q2 24 | $163.1M | $214.2M |
| Q1 26 | — | $4.5M | ||
| Q4 25 | — | $4.6M | ||
| Q3 25 | $5.5M | $8.6M | ||
| Q2 25 | $6.1M | $-73.6M | ||
| Q1 25 | $4.2M | $-1.4M | ||
| Q4 24 | — | $-500.0K | ||
| Q3 24 | $-939.0K | $10.7M | ||
| Q2 24 | $-2.6M | $8.1M |
| Q1 26 | — | 32.2% | ||
| Q4 25 | — | 31.5% | ||
| Q3 25 | — | 33.5% | ||
| Q2 25 | — | 31.6% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 32.1% | ||
| Q3 24 | — | 35.2% | ||
| Q2 24 | — | 34.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.5% | ||
| Q3 25 | 7.3% | 7.3% | ||
| Q2 25 | 9.2% | -33.3% | ||
| Q1 25 | 10.8% | -0.2% | ||
| Q4 24 | — | -6.6% | ||
| Q3 24 | 4.1% | 6.9% | ||
| Q2 24 | 4.7% | 5.3% |
| Q1 26 | — | 2.2% | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | 3.4% | 4.0% | ||
| Q2 25 | 3.5% | -36.3% | ||
| Q1 25 | 2.6% | -0.7% | ||
| Q4 24 | — | -0.3% | ||
| Q3 24 | -0.7% | 5.1% | ||
| Q2 24 | -1.6% | 3.8% |
| Q1 26 | — | $0.25 | ||
| Q4 25 | — | $0.20 | ||
| Q3 25 | $0.08 | $0.48 | ||
| Q2 25 | $0.16 | $-4.00 | ||
| Q1 25 | $0.20 | $-0.08 | ||
| Q4 24 | — | $-0.04 | ||
| Q3 24 | $-0.05 | $0.58 | ||
| Q2 24 | $-0.13 | $0.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $59.3M | $195.8M |
| Total DebtLower is stronger | $67.5M | — |
| Stockholders' EquityBook value | $21.0M | $1.2B |
| Total Assets | $125.3M | $1.4B |
| Debt / EquityLower = less leverage | 3.21× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $195.8M | ||
| Q4 25 | — | $197.0M | ||
| Q3 25 | $59.3M | $167.8M | ||
| Q2 25 | $48.0M | $157.2M | ||
| Q1 25 | $35.0M | $175.6M | ||
| Q4 24 | — | $159.8M | ||
| Q3 24 | $32.2M | $146.4M | ||
| Q2 24 | $43.9M | $119.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $67.5M | — | ||
| Q2 25 | $66.5M | — | ||
| Q1 25 | $56.2M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $44.5M | — | ||
| Q2 24 | $41.2M | — |
| Q1 26 | — | $1.2B | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | $21.0M | $1.2B | ||
| Q2 25 | $4.7M | $1.2B | ||
| Q1 25 | $-4.6M | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $-7.9M | $1.3B | ||
| Q2 24 | $4.4M | $1.3B |
| Q1 26 | — | $1.4B | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $125.3M | $1.4B | ||
| Q2 25 | $109.1M | $1.5B | ||
| Q1 25 | $89.7M | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | $87.4M | $1.5B | ||
| Q2 24 | $97.5M | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 3.21× | — | ||
| Q2 25 | 14.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 9.27× | — |
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 | $6.6M | $5.8M |
| Free Cash FlowOCF − Capex | $2.5M | $1.1M |
| FCF MarginFCF / Revenue | 1.6% | 0.5% |
| Capex IntensityCapex / Revenue | 2.5% | 2.3% |
| Cash ConversionOCF / Net Profit | 1.20× | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $27.1M | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $5.8M | ||
| Q4 25 | — | $46.9M | ||
| Q3 25 | $6.6M | $28.9M | ||
| Q2 25 | $10.2M | $13.7M | ||
| Q1 25 | $16.3M | $11.7M | ||
| Q4 24 | — | $33.7M | ||
| Q3 24 | $5.8M | $42.4M | ||
| Q2 24 | $10.1M | $22.9M |
| Q1 26 | — | $1.1M | ||
| Q4 25 | — | $42.2M | ||
| Q3 25 | $2.5M | $21.2M | ||
| Q2 25 | $9.8M | $5.6M | ||
| Q1 25 | $15.9M | $2.1M | ||
| Q4 24 | — | $18.3M | ||
| Q3 24 | $-1.0M | $25.2M | ||
| Q2 24 | $7.6M | $8.8M |
| Q1 26 | — | 0.5% | ||
| Q4 25 | — | 20.9% | ||
| Q3 25 | 1.6% | 9.8% | ||
| Q2 25 | 5.7% | 2.8% | ||
| Q1 25 | 9.7% | 1.1% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | -0.8% | 12.0% | ||
| Q2 24 | 4.7% | 4.1% |
| Q1 26 | — | 2.3% | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | 2.5% | 3.6% | ||
| Q2 25 | 0.2% | 4.0% | ||
| Q1 25 | 0.2% | 5.0% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | 5.0% | 8.2% | ||
| Q2 24 | 1.5% | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | — | 10.20× | ||
| Q3 25 | 1.20× | 3.36× | ||
| Q2 25 | 1.67× | — | ||
| Q1 25 | 3.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.96× | ||
| Q2 24 | — | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
