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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and CARRIAGE SERVICES INC (CSV). Click either name above to swap in a different company.
CARRIAGE SERVICES INC is the larger business by last-quarter revenue ($105.5M vs $59.7M, roughly 1.8× Cipher Mining Inc.). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -1229.6%, a 1241.2% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 8.0%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs 1.0%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
CIFR vs CSV — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $105.5M |
| Net Profit | $-734.2M | $12.3M |
| Gross Margin | 59.4% | 34.8% |
| Operating Margin | -503.4% | 23.3% |
| Net Margin | -1229.6% | 11.6% |
| Revenue YoY | 41.4% | 8.0% |
| Net Profit YoY | -4293.1% | 24.5% |
| EPS (diluted) | $-1.91 | $0.76 |
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 | $59.7M | $105.5M | ||
| Q3 25 | $71.7M | $102.7M | ||
| Q2 25 | $43.6M | $102.1M | ||
| Q1 25 | $49.0M | $107.1M | ||
| Q4 24 | $42.2M | $97.7M | ||
| Q3 24 | $24.1M | $100.7M | ||
| Q2 24 | $36.8M | $102.3M | ||
| Q1 24 | $48.1M | $103.5M |
| Q4 25 | $-734.2M | $12.3M | ||
| Q3 25 | $-3.3M | $6.6M | ||
| Q2 25 | $-45.8M | $11.7M | ||
| Q1 25 | $-39.0M | $20.9M | ||
| Q4 24 | $17.5M | $9.9M | ||
| Q3 24 | $-86.8M | $9.9M | ||
| Q2 24 | $-15.3M | $6.3M | ||
| Q1 24 | $39.9M | $7.0M |
| Q4 25 | 59.4% | 34.8% | ||
| Q3 25 | 62.7% | 35.3% | ||
| Q2 25 | 64.8% | 35.2% | ||
| Q1 25 | 69.6% | 35.3% | ||
| Q4 24 | 56.9% | 34.4% | ||
| Q3 24 | 37.5% | 35.2% | ||
| Q2 24 | 61.2% | 36.2% | ||
| Q1 24 | 69.2% | 36.0% |
| Q4 25 | -503.4% | 23.3% | ||
| Q3 25 | -52.5% | 17.0% | ||
| Q2 25 | -103.9% | 23.5% | ||
| Q1 25 | -77.8% | 29.5% | ||
| Q4 24 | 40.5% | 21.6% | ||
| Q3 24 | -379.2% | 22.7% | ||
| Q2 24 | -43.9% | 18.0% | ||
| Q1 24 | 97.2% | 18.8% |
| Q4 25 | -1229.6% | 11.6% | ||
| Q3 25 | -4.6% | 6.4% | ||
| Q2 25 | -105.1% | 11.5% | ||
| Q1 25 | -79.6% | 19.5% | ||
| Q4 24 | 41.5% | 10.1% | ||
| Q3 24 | -359.9% | 9.8% | ||
| Q2 24 | -41.5% | 6.1% | ||
| Q1 24 | 82.9% | 6.7% |
| Q4 25 | $-1.91 | $0.76 | ||
| Q3 25 | $-0.01 | $0.41 | ||
| Q2 25 | $-0.12 | $0.74 | ||
| Q1 25 | $-0.11 | $1.34 | ||
| Q4 24 | $0.04 | $0.62 | ||
| Q3 24 | $-0.26 | $0.63 | ||
| Q2 24 | $-0.05 | $0.40 | ||
| Q1 24 | $0.13 | $0.45 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $628.3M | $1.7M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $805.5M | $254.8M |
| Total Assets | $4.3B | $1.3B |
| Debt / EquityLower = less leverage | 3.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $1.7M | ||
| Q3 25 | $1.2B | $1.2M | ||
| Q2 25 | $62.7M | $1.4M | ||
| Q1 25 | $23.2M | $4.6M | ||
| Q4 24 | $5.6M | $1.2M | ||
| Q3 24 | $25.3M | $1.3M | ||
| Q2 24 | $122.6M | $1.5M | ||
| Q1 24 | $88.7M | $1.7M |
| Q4 25 | $2.7B | — | ||
| Q3 25 | $1.0B | — | ||
| Q2 25 | $167.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $805.5M | $254.8M | ||
| Q3 25 | $783.2M | $242.1M | ||
| Q2 25 | $748.9M | $235.4M | ||
| Q1 25 | $734.8M | $223.1M | ||
| Q4 24 | $682.0M | $208.6M | ||
| Q3 24 | $672.0M | $198.1M | ||
| Q2 24 | $690.8M | $187.9M | ||
| Q1 24 | $600.9M | $179.6M |
| Q4 25 | $4.3B | $1.3B | ||
| Q3 25 | $2.8B | $1.3B | ||
| Q2 25 | $1.0B | $1.3B | ||
| Q1 25 | $913.8M | $1.3B | ||
| Q4 24 | $855.4M | $1.3B | ||
| Q3 24 | $775.4M | $1.3B | ||
| Q2 24 | $775.6M | $1.3B | ||
| Q1 24 | $677.1M | $1.3B |
| Q4 25 | 3.37× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 0.22× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-207.9M | $14.1M |
| Free Cash FlowOCF − Capex | $-695.9M | $6.2M |
| FCF MarginFCF / Revenue | -1165.4% | 5.9% |
| Capex IntensityCapex / Revenue | 817.1% | 7.5% |
| Cash ConversionOCF / Net Profit | — | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $40.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $14.1M | ||
| Q3 25 | $-50.1M | $24.7M | ||
| Q2 25 | $-56.2M | $8.1M | ||
| Q1 25 | $-47.2M | $13.8M | ||
| Q4 24 | $-87.5M | $9.3M | ||
| Q3 24 | $-6.5M | $20.9M | ||
| Q2 24 | $-25.4M | $2.2M | ||
| Q1 24 | $-26.6M | $19.7M |
| Q4 25 | $-695.9M | $6.2M | ||
| Q3 25 | $-256.2M | $18.0M | ||
| Q2 25 | $-87.5M | $5.2M | ||
| Q1 25 | $-71.8M | $10.6M | ||
| Q4 24 | $-227.0M | $4.9M | ||
| Q3 24 | $-83.2M | $16.2M | ||
| Q2 24 | $-33.2M | $-1.4M | ||
| Q1 24 | $-34.5M | $16.2M |
| Q4 25 | -1165.4% | 5.9% | ||
| Q3 25 | -357.3% | 17.5% | ||
| Q2 25 | -200.9% | 5.1% | ||
| Q1 25 | -146.7% | 9.9% | ||
| Q4 24 | -537.6% | 5.0% | ||
| Q3 24 | -345.0% | 16.1% | ||
| Q2 24 | -90.2% | -1.4% | ||
| Q1 24 | -71.7% | 15.6% |
| Q4 25 | 817.1% | 7.5% | ||
| Q3 25 | 287.5% | 6.5% | ||
| Q2 25 | 71.8% | 2.8% | ||
| Q1 25 | 50.2% | 3.0% | ||
| Q4 24 | 330.4% | 4.5% | ||
| Q3 24 | 317.8% | 4.6% | ||
| Q2 24 | 21.4% | 3.5% | ||
| Q1 24 | 16.4% | 3.4% |
| Q4 25 | — | 1.15× | ||
| Q3 25 | — | 3.76× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | -5.00× | 0.94× | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | -0.67× | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CIFR
Segment breakdown not available.
CSV
| Propertyand Merchandise | $47.8M | 45% |
| Cemetery Interment Rights | $24.8M | 23% |
| Merchandise | $18.9M | 18% |
| Other Revenue | $10.2M | 10% |
| Other | $3.9M | 4% |
