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Side-by-side financial comparison of Cipher Mining Inc. (CIFR) and Proficient Auto Logistics, Inc (PAL). Click either name above to swap in a different company.

Proficient Auto Logistics, Inc is the larger business by last-quarter revenue ($91.5M vs $59.7M, roughly 1.5× Cipher Mining Inc.). Proficient Auto Logistics, Inc runs the higher net margin — -1.5% vs -1229.6%, a 1228.1% gap on every dollar of revenue.

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

Proficient Auto Logistics, Inc. is a specialized automotive sector logistics provider. It offers tailored solutions including finished vehicle transport, auto parts storage and distribution, and supply chain support for automotive industry stakeholders, prioritizing reliable, efficient service delivery.

CIFR vs PAL — Head-to-Head

Bigger by revenue
PAL
PAL
1.5× larger
PAL
$91.5M
$59.7M
CIFR
Higher net margin
PAL
PAL
1228.1% more per $
PAL
-1.5%
-1229.6%
CIFR

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
CIFR
CIFR
PAL
PAL
Revenue
$59.7M
$91.5M
Net Profit
$-734.2M
$-1.4M
Gross Margin
59.4%
Operating Margin
-503.4%
-2.4%
Net Margin
-1229.6%
-1.5%
Revenue YoY
41.4%
Net Profit YoY
-4293.1%
EPS (diluted)
$-1.91
$-0.05

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
CIFR
CIFR
PAL
PAL
Q4 25
$59.7M
Q3 25
$71.7M
Q2 25
$43.6M
Q1 25
$49.0M
Q4 24
$42.2M
Q3 24
$24.1M
$91.5M
Q2 24
$36.8M
Q1 24
$48.1M
Net Profit
CIFR
CIFR
PAL
PAL
Q4 25
$-734.2M
Q3 25
$-3.3M
Q2 25
$-45.8M
Q1 25
$-39.0M
Q4 24
$17.5M
Q3 24
$-86.8M
$-1.4M
Q2 24
$-15.3M
Q1 24
$39.9M
Gross Margin
CIFR
CIFR
PAL
PAL
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
CIFR
CIFR
PAL
PAL
Q4 25
-503.4%
Q3 25
-52.5%
Q2 25
-103.9%
Q1 25
-77.8%
Q4 24
40.5%
Q3 24
-379.2%
-2.4%
Q2 24
-43.9%
Q1 24
97.2%
Net Margin
CIFR
CIFR
PAL
PAL
Q4 25
-1229.6%
Q3 25
-4.6%
Q2 25
-105.1%
Q1 25
-79.6%
Q4 24
41.5%
Q3 24
-359.9%
-1.5%
Q2 24
-41.5%
Q1 24
82.9%
EPS (diluted)
CIFR
CIFR
PAL
PAL
Q4 25
$-1.91
Q3 25
$-0.01
Q2 25
$-0.12
Q1 25
$-0.11
Q4 24
$0.04
Q3 24
$-0.26
$-0.05
Q2 24
$-0.05
Q1 24
$0.13

Balance Sheet & Financial Strength

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

Metric
CIFR
CIFR
PAL
PAL
Cash + ST InvestmentsLiquidity on hand
$628.3M
$16.8M
Total DebtLower is stronger
$2.7B
$64.0M
Stockholders' EquityBook value
$805.5M
$338.5M
Total Assets
$4.3B
$498.2M
Debt / EquityLower = less leverage
3.37×
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CIFR
CIFR
PAL
PAL
Q4 25
$628.3M
Q3 25
$1.2B
Q2 25
$62.7M
Q1 25
$23.2M
Q4 24
$5.6M
Q3 24
$25.3M
$16.8M
Q2 24
$122.6M
Q1 24
$88.7M
Total Debt
CIFR
CIFR
PAL
PAL
Q4 25
$2.7B
Q3 25
$1.0B
Q2 25
$167.1M
Q1 25
Q4 24
$0
Q3 24
$64.0M
Q2 24
Q1 24
Stockholders' Equity
CIFR
CIFR
PAL
PAL
Q4 25
$805.5M
Q3 25
$783.2M
Q2 25
$748.9M
Q1 25
$734.8M
Q4 24
$682.0M
Q3 24
$672.0M
$338.5M
Q2 24
$690.8M
Q1 24
$600.9M
Total Assets
CIFR
CIFR
PAL
PAL
Q4 25
$4.3B
Q3 25
$2.8B
Q2 25
$1.0B
Q1 25
$913.8M
Q4 24
$855.4M
Q3 24
$775.4M
$498.2M
Q2 24
$775.6M
Q1 24
$677.1M
Debt / Equity
CIFR
CIFR
PAL
PAL
Q4 25
3.37×
Q3 25
1.31×
Q2 25
0.22×
Q1 25
Q4 24
0.00×
Q3 24
0.19×
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
CIFR
CIFR
PAL
PAL
Operating Cash FlowLast quarter
$-207.9M
Free Cash FlowOCF − Capex
$-695.9M
FCF MarginFCF / Revenue
-1165.4%
Capex IntensityCapex / Revenue
817.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CIFR
CIFR
PAL
PAL
Q4 25
$-207.9M
Q3 25
$-50.1M
Q2 25
$-56.2M
Q1 25
$-47.2M
Q4 24
$-87.5M
Q3 24
$-6.5M
Q2 24
$-25.4M
Q1 24
$-26.6M
Free Cash Flow
CIFR
CIFR
PAL
PAL
Q4 25
$-695.9M
Q3 25
$-256.2M
Q2 25
$-87.5M
Q1 25
$-71.8M
Q4 24
$-227.0M
Q3 24
$-83.2M
Q2 24
$-33.2M
Q1 24
$-34.5M
FCF Margin
CIFR
CIFR
PAL
PAL
Q4 25
-1165.4%
Q3 25
-357.3%
Q2 25
-200.9%
Q1 25
-146.7%
Q4 24
-537.6%
Q3 24
-345.0%
Q2 24
-90.2%
Q1 24
-71.7%
Capex Intensity
CIFR
CIFR
PAL
PAL
Q4 25
817.1%
Q3 25
287.5%
Q2 25
71.8%
Q1 25
50.2%
Q4 24
330.4%
Q3 24
317.8%
Q2 24
21.4%
Q1 24
16.4%
Cash Conversion
CIFR
CIFR
PAL
PAL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-5.00×
Q3 24
Q2 24
Q1 24
-0.67×

Financial Flow Comparison

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

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