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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and ENNIS, INC. (EBF). Click either name above to swap in a different company.
ENNIS, INC. is the larger business by last-quarter revenue ($100.2M vs $59.7M, roughly 1.7× Cipher Mining Inc.). ENNIS, INC. runs the higher net margin — 10.8% vs -1229.6%, a 1240.4% gap on every dollar of revenue. On growth, Cipher Mining Inc. posted the faster year-over-year revenue change (41.4% vs 0.4%). ENNIS, INC. produced more free cash flow last quarter ($15.7M vs $-695.9M). Over the past eight quarters, Cipher Mining Inc.'s revenue compounded faster (11.4% CAGR vs 1.4%).
Cipher Mining, Inc. operates as a Bitcoin mining ecosystem in the United States. The firm is developing a cryptocurrency business.
ENNIS, INC. (ticker EBF) is a leading North American provider of printed business products and related services. Its offerings include custom business forms, pressure-sensitive labels, marketing collateral, promotional items, and branded packaging, serving clients across retail, healthcare, financial services, and small business segments.
CIFR vs EBF — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $59.7M | $100.2M |
| Net Profit | $-734.2M | $10.8M |
| Gross Margin | 59.4% | 31.9% |
| Operating Margin | -503.4% | 15.0% |
| Net Margin | -1229.6% | 10.8% |
| Revenue YoY | 41.4% | 0.4% |
| Net Profit YoY | -4293.1% | 6.1% |
| EPS (diluted) | $-1.91 | $0.42 |
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 | $100.2M | ||
| Q3 25 | $71.7M | $98.7M | ||
| Q2 25 | $43.6M | $97.2M | ||
| Q1 25 | $49.0M | $92.7M | ||
| Q4 24 | $42.2M | $99.8M | ||
| Q3 24 | $24.1M | $99.0M | ||
| Q2 24 | $36.8M | $103.1M | ||
| Q1 24 | $48.1M | $97.4M |
| Q4 25 | $-734.2M | $10.8M | ||
| Q3 25 | $-3.3M | $13.2M | ||
| Q2 25 | $-45.8M | $9.8M | ||
| Q1 25 | $-39.0M | $9.0M | ||
| Q4 24 | $17.5M | $10.2M | ||
| Q3 24 | $-86.8M | $10.3M | ||
| Q2 24 | $-15.3M | $10.7M | ||
| Q1 24 | $39.9M | $10.1M |
| Q4 25 | 59.4% | 31.9% | ||
| Q3 25 | 62.7% | 30.5% | ||
| Q2 25 | 64.8% | 31.1% | ||
| Q1 25 | 69.6% | 29.5% | ||
| Q4 24 | 56.9% | 29.3% | ||
| Q3 24 | 37.5% | 30.1% | ||
| Q2 24 | 61.2% | 30.0% | ||
| Q1 24 | 69.2% | 28.4% |
| Q4 25 | -503.4% | 15.0% | ||
| Q3 25 | -52.5% | 12.5% | ||
| Q2 25 | -103.9% | 13.7% | ||
| Q1 25 | -77.8% | 13.0% | ||
| Q4 24 | 40.5% | 13.1% | ||
| Q3 24 | -379.2% | 13.3% | ||
| Q2 24 | -43.9% | 13.3% | ||
| Q1 24 | 97.2% | 13.3% |
| Q4 25 | -1229.6% | 10.8% | ||
| Q3 25 | -4.6% | 13.3% | ||
| Q2 25 | -105.1% | 10.1% | ||
| Q1 25 | -79.6% | 9.7% | ||
| Q4 24 | 41.5% | 10.2% | ||
| Q3 24 | -359.9% | 10.4% | ||
| Q2 24 | -41.5% | 10.4% | ||
| Q1 24 | 82.9% | 10.4% |
| Q4 25 | $-1.91 | $0.42 | ||
| Q3 25 | $-0.01 | $0.51 | ||
| Q2 25 | $-0.12 | $0.38 | ||
| Q1 25 | $-0.11 | $0.34 | ||
| Q4 24 | $0.04 | $0.39 | ||
| Q3 24 | $-0.26 | $0.40 | ||
| Q2 24 | $-0.05 | $0.41 | ||
| Q1 24 | $0.13 | $0.39 |
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 | $31.3M |
| Total DebtLower is stronger | $2.7B | — |
| Stockholders' EquityBook value | $805.5M | $304.8M |
| Total Assets | $4.3B | $354.3M |
| Debt / EquityLower = less leverage | 3.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $628.3M | $31.3M | ||
| Q3 25 | $1.2B | $31.9M | ||
| Q2 25 | $62.7M | $32.6M | ||
| Q1 25 | $23.2M | $72.5M | ||
| Q4 24 | $5.6M | $68.6M | ||
| Q3 24 | $25.3M | $122.6M | ||
| Q2 24 | $122.6M | $123.7M | ||
| Q1 24 | $88.7M | $110.9M |
| 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 | $304.8M | ||
| Q3 25 | $783.2M | $305.4M | ||
| Q2 25 | $748.9M | $301.2M | ||
| Q1 25 | $734.8M | $302.0M | ||
| Q4 24 | $682.0M | $297.7M | ||
| Q3 24 | $672.0M | $358.4M | ||
| Q2 24 | $690.8M | $354.4M | ||
| Q1 24 | $600.9M | $349.8M |
| Q4 25 | $4.3B | $354.3M | ||
| Q3 25 | $2.8B | $361.8M | ||
| Q2 25 | $1.0B | $361.7M | ||
| Q1 25 | $913.8M | $348.9M | ||
| Q4 24 | $855.4M | $346.1M | ||
| Q3 24 | $775.4M | $406.8M | ||
| Q2 24 | $775.6M | $406.2M | ||
| Q1 24 | $677.1M | $399.2M |
| 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 | $16.4M |
| Free Cash FlowOCF − Capex | $-695.9M | $15.7M |
| FCF MarginFCF / Revenue | -1165.4% | 15.7% |
| Capex IntensityCapex / Revenue | 817.1% | 0.7% |
| Cash ConversionOCF / Net Profit | — | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.1B | $42.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-207.9M | $16.4M | ||
| Q3 25 | $-50.1M | $10.5M | ||
| Q2 25 | $-56.2M | $8.0M | ||
| Q1 25 | $-47.2M | $12.8M | ||
| Q4 24 | $-87.5M | $18.2M | ||
| Q3 24 | $-6.5M | $11.8M | ||
| Q2 24 | $-25.4M | $23.1M | ||
| Q1 24 | $-26.6M | $16.6M |
| Q4 25 | $-695.9M | $15.7M | ||
| Q3 25 | $-256.2M | $9.0M | ||
| Q2 25 | $-87.5M | $6.6M | ||
| Q1 25 | $-71.8M | $11.1M | ||
| Q4 24 | $-227.0M | $17.5M | ||
| Q3 24 | $-83.2M | $10.7M | ||
| Q2 24 | $-33.2M | $20.6M | ||
| Q1 24 | $-34.5M | $15.0M |
| Q4 25 | -1165.4% | 15.7% | ||
| Q3 25 | -357.3% | 9.2% | ||
| Q2 25 | -200.9% | 6.8% | ||
| Q1 25 | -146.7% | 12.0% | ||
| Q4 24 | -537.6% | 17.6% | ||
| Q3 24 | -345.0% | 10.8% | ||
| Q2 24 | -90.2% | 20.0% | ||
| Q1 24 | -71.7% | 15.3% |
| Q4 25 | 817.1% | 0.7% | ||
| Q3 25 | 287.5% | 1.4% | ||
| Q2 25 | 71.8% | 1.4% | ||
| Q1 25 | 50.2% | 1.8% | ||
| Q4 24 | 330.4% | 0.6% | ||
| Q3 24 | 317.8% | 1.1% | ||
| Q2 24 | 21.4% | 2.4% | ||
| Q1 24 | 16.4% | 1.7% |
| Q4 25 | — | 1.52× | ||
| Q3 25 | — | 0.80× | ||
| Q2 25 | — | 0.81× | ||
| Q1 25 | — | 1.41× | ||
| Q4 24 | -5.00× | 1.78× | ||
| Q3 24 | — | 1.15× | ||
| Q2 24 | — | 2.16× | ||
| Q1 24 | -0.67× | 1.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
