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Side-by-side financial comparison of CLEANSPARK, INC. (CLSK) and CARRIAGE SERVICES INC (CSV). Click either name above to swap in a different company.
CLEANSPARK, INC. is the larger business by last-quarter revenue ($181.2M vs $105.5M, roughly 1.7× CARRIAGE SERVICES INC). CARRIAGE SERVICES INC runs the higher net margin — 11.6% vs -209.0%, a 220.7% gap on every dollar of revenue. On growth, CLEANSPARK, INC. posted the faster year-over-year revenue change (11.6% vs 8.0%). CARRIAGE SERVICES INC produced more free cash flow last quarter ($6.2M vs $-198.1M). Over the past eight quarters, CLEANSPARK, INC.'s revenue compounded faster (106.4% CAGR vs 1.0%).
CleanSpark, Inc. is a U.S.-headquartered sustainable technology company operating two core business segments: low-carbon Bitcoin mining powered primarily by renewable and stranded energy resources, and end-to-end microgrid design, deployment, and operation services for commercial, industrial, and public sector clients across North America.
Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
CLSK vs CSV — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.2M | $105.5M |
| Net Profit | $-378.7M | $12.3M |
| Gross Margin | 47.2% | 34.8% |
| Operating Margin | -174.7% | 23.3% |
| Net Margin | -209.0% | 11.6% |
| Revenue YoY | 11.6% | 8.0% |
| Net Profit YoY | -253.5% | 24.5% |
| EPS (diluted) | — | $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 | $181.2M | $105.5M | ||
| Q3 25 | — | $102.7M | ||
| Q2 25 | — | $102.1M | ||
| Q1 25 | — | $107.1M | ||
| Q4 24 | — | $97.7M | ||
| Q3 24 | $89.3M | $100.7M | ||
| Q2 24 | $104.1M | $102.3M | ||
| Q1 24 | $111.8M | $103.5M |
| Q4 25 | $-378.7M | $12.3M | ||
| Q3 25 | — | $6.6M | ||
| Q2 25 | — | $11.7M | ||
| Q1 25 | — | $20.9M | ||
| Q4 24 | — | $9.9M | ||
| Q3 24 | $-62.2M | $9.9M | ||
| Q2 24 | $-236.2M | $6.3M | ||
| Q1 24 | $126.7M | $7.0M |
| Q4 25 | 47.2% | 34.8% | ||
| Q3 25 | — | 35.3% | ||
| Q2 25 | — | 35.2% | ||
| Q1 25 | — | 35.3% | ||
| Q4 24 | — | 34.4% | ||
| Q3 24 | 36.0% | 35.2% | ||
| Q2 24 | 56.6% | 36.2% | ||
| Q1 24 | 69.3% | 36.0% |
| Q4 25 | -174.7% | 23.3% | ||
| Q3 25 | — | 17.0% | ||
| Q2 25 | — | 23.5% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | -73.5% | 22.7% | ||
| Q2 24 | -239.2% | 18.0% | ||
| Q1 24 | — | 18.8% |
| Q4 25 | -209.0% | 11.6% | ||
| Q3 25 | — | 6.4% | ||
| Q2 25 | — | 11.5% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | -69.6% | 9.8% | ||
| Q2 24 | -226.9% | 6.1% | ||
| Q1 24 | 113.4% | 6.7% |
| Q4 25 | — | $0.76 | ||
| Q3 25 | — | $0.41 | ||
| Q2 25 | — | $0.74 | ||
| Q1 25 | — | $1.34 | ||
| Q4 24 | — | $0.62 | ||
| Q3 24 | — | $0.63 | ||
| Q2 24 | — | $0.40 | ||
| Q1 24 | — | $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 | $458.1M | $1.7M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $1.4B | $254.8M |
| Total Assets | $3.3B | $1.3B |
| Debt / EquityLower = less leverage | 1.29× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $458.1M | $1.7M | ||
| Q3 25 | — | $1.2M | ||
| Q2 25 | — | $1.4M | ||
| Q1 25 | — | $4.6M | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | $121.2M | $1.3M | ||
| Q2 24 | $126.1M | $1.5M | ||
| Q1 24 | — | $1.7M |
| Q4 25 | $1.8B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $7.2M | — | ||
| Q2 24 | $1.3M | — | ||
| Q1 24 | $5.1M | — |
| Q4 25 | $1.4B | $254.8M | ||
| Q3 25 | — | $242.1M | ||
| Q2 25 | — | $235.4M | ||
| Q1 25 | — | $223.1M | ||
| Q4 24 | — | $208.6M | ||
| Q3 24 | $1.8B | $198.1M | ||
| Q2 24 | $1.4B | $187.9M | ||
| Q1 24 | $1.5B | $179.6M |
| Q4 25 | $3.3B | $1.3B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.3B | ||
| Q3 24 | $2.0B | $1.3B | ||
| Q2 24 | $1.5B | $1.3B | ||
| Q1 24 | $1.5B | $1.3B |
| Q4 25 | 1.29× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.00× | — |
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 | $-161.1M | $14.1M |
| Free Cash FlowOCF − Capex | $-198.1M | $6.2M |
| FCF MarginFCF / Revenue | -109.3% | 5.9% |
| Capex IntensityCapex / Revenue | 20.4% | 7.5% |
| Cash ConversionOCF / Net Profit | — | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | $-626.9M | $40.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-161.1M | $14.1M | ||
| Q3 25 | — | $24.7M | ||
| Q2 25 | — | $8.1M | ||
| Q1 25 | — | $13.8M | ||
| Q4 24 | — | $9.3M | ||
| Q3 24 | $-233.7M | $20.9M | ||
| Q2 24 | $-58.4M | $2.2M | ||
| Q1 24 | $-44.8M | $19.7M |
| Q4 25 | $-198.1M | $6.2M | ||
| Q3 25 | — | $18.0M | ||
| Q2 25 | — | $5.2M | ||
| Q1 25 | — | $10.6M | ||
| Q4 24 | — | $4.9M | ||
| Q3 24 | $-299.8M | $16.2M | ||
| Q2 24 | $-68.7M | $-1.4M | ||
| Q1 24 | $-60.3M | $16.2M |
| Q4 25 | -109.3% | 5.9% | ||
| Q3 25 | — | 17.5% | ||
| Q2 25 | — | 5.1% | ||
| Q1 25 | — | 9.9% | ||
| Q4 24 | — | 5.0% | ||
| Q3 24 | -335.8% | 16.1% | ||
| Q2 24 | -66.0% | -1.4% | ||
| Q1 24 | -54.0% | 15.6% |
| Q4 25 | 20.4% | 7.5% | ||
| Q3 25 | — | 6.5% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 3.0% | ||
| Q4 24 | — | 4.5% | ||
| Q3 24 | 74.0% | 4.6% | ||
| Q2 24 | 9.9% | 3.5% | ||
| Q1 24 | 13.8% | 3.4% |
| Q4 25 | — | 1.15× | ||
| Q3 25 | — | 3.76× | ||
| Q2 25 | — | 0.69× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.94× | ||
| Q3 24 | — | 2.11× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | -0.35× | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLSK
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% |
