vs
Side-by-side financial comparison of CLEANSPARK, INC. (CLSK) and ESCO TECHNOLOGIES INC (ESE). Click either name above to swap in a different company.
ESCO TECHNOLOGIES INC is the larger business by last-quarter revenue ($289.7M vs $181.2M, roughly 1.6× CLEANSPARK, INC.). ESCO TECHNOLOGIES INC runs the higher net margin — 9.9% vs -209.0%, a 218.9% gap on every dollar of revenue. On growth, ESCO TECHNOLOGIES INC posted the faster year-over-year revenue change (17.3% vs 11.6%). ESCO TECHNOLOGIES INC produced more free cash flow last quarter ($63.0M vs $-198.1M). Over the past eight quarters, CLEANSPARK, INC.'s revenue compounded faster (106.4% CAGR vs 7.8%).
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.
Esco is a Singaporean brand that develops, manufactures, and sells products and services for laboratories.
CLSK vs ESE — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $181.2M | $289.7M |
| Net Profit | $-378.7M | $28.7M |
| Gross Margin | 47.2% | 41.4% |
| Operating Margin | -174.7% | 13.2% |
| Net Margin | -209.0% | 9.9% |
| Revenue YoY | 11.6% | 17.3% |
| Net Profit YoY | -253.5% | 22.2% |
| EPS (diluted) | — | $1.11 |
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 | $289.7M | ||
| Q3 25 | — | $286.5M | ||
| Q2 25 | — | $296.3M | ||
| Q1 25 | — | $265.5M | ||
| Q4 24 | — | $247.0M | ||
| Q3 24 | $89.3M | $298.5M | ||
| Q2 24 | $104.1M | $260.8M | ||
| Q1 24 | $111.8M | $249.1M |
| Q4 25 | $-378.7M | $28.7M | ||
| Q3 25 | — | $218.7M | ||
| Q2 25 | — | $26.1M | ||
| Q1 25 | — | $31.0M | ||
| Q4 24 | — | $23.5M | ||
| Q3 24 | $-62.2M | $34.3M | ||
| Q2 24 | $-236.2M | $29.2M | ||
| Q1 24 | $126.7M | $23.2M |
| Q4 25 | 47.2% | 41.4% | ||
| Q3 25 | — | 45.9% | ||
| Q2 25 | — | 41.2% | ||
| Q1 25 | — | 41.1% | ||
| Q4 24 | — | 39.8% | ||
| Q3 24 | 36.0% | 40.1% | ||
| Q2 24 | 56.6% | 39.6% | ||
| Q1 24 | 69.3% | 38.8% |
| Q4 25 | -174.7% | 13.2% | ||
| Q3 25 | — | 17.2% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | 15.3% | ||
| Q4 24 | — | 11.4% | ||
| Q3 24 | -73.5% | 14.8% | ||
| Q2 24 | -239.2% | 14.3% | ||
| Q1 24 | — | 11.7% |
| Q4 25 | -209.0% | 9.9% | ||
| Q3 25 | — | 76.3% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | -69.6% | 11.5% | ||
| Q2 24 | -226.9% | 11.2% | ||
| Q1 24 | 113.4% | 9.3% |
| Q4 25 | — | $1.11 | ||
| Q3 25 | — | $8.43 | ||
| Q2 25 | — | $1.01 | ||
| Q1 25 | — | $1.20 | ||
| Q4 24 | — | $0.91 | ||
| Q3 24 | — | $1.32 | ||
| Q2 24 | — | $1.13 | ||
| Q1 24 | — | $0.90 |
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 | $103.8M |
| Total DebtLower is stronger | $1.8B | $145.5M |
| Stockholders' EquityBook value | $1.4B | $1.6B |
| Total Assets | $3.3B | $2.4B |
| Debt / EquityLower = less leverage | 1.29× | 0.09× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $458.1M | $103.8M | ||
| Q3 25 | — | $101.3M | ||
| Q2 25 | — | $78.7M | ||
| Q1 25 | — | $57.4M | ||
| Q4 24 | — | $71.3M | ||
| Q3 24 | $121.2M | $66.0M | ||
| Q2 24 | $126.1M | $63.0M | ||
| Q1 24 | — | $59.4M |
| Q4 25 | $1.8B | $145.5M | ||
| Q3 25 | — | $186.0M | ||
| Q2 25 | — | $525.0M | ||
| Q1 25 | — | $88.0M | ||
| Q4 24 | — | $112.0M | ||
| Q3 24 | $7.2M | $122.0M | ||
| Q2 24 | $1.3M | $173.0M | ||
| Q1 24 | $5.1M | $191.0M |
| Q4 25 | $1.4B | $1.6B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | $1.8B | $1.2B | ||
| Q2 24 | $1.4B | $1.2B | ||
| Q1 24 | $1.5B | $1.2B |
| Q4 25 | $3.3B | $2.4B | ||
| Q3 25 | — | $2.4B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | $2.0B | $1.8B | ||
| Q2 24 | $1.5B | $1.8B | ||
| Q1 24 | $1.5B | $1.8B |
| Q4 25 | 1.29× | 0.09× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.40× | ||
| Q1 25 | — | 0.07× | ||
| Q4 24 | — | 0.09× | ||
| Q3 24 | 0.00× | 0.10× | ||
| Q2 24 | 0.00× | 0.14× | ||
| Q1 24 | 0.00× | 0.16× |
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 | $68.9M |
| Free Cash FlowOCF − Capex | $-198.1M | $63.0M |
| FCF MarginFCF / Revenue | -109.3% | 21.7% |
| Capex IntensityCapex / Revenue | 20.4% | 2.0% |
| Cash ConversionOCF / Net Profit | — | 2.40× |
| TTM Free Cash FlowTrailing 4 quarters | $-626.9M | $239.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-161.1M | $68.9M | ||
| Q3 25 | — | $109.9M | ||
| Q2 25 | — | $73.7M | ||
| Q1 25 | — | $24.1M | ||
| Q4 24 | — | $34.2M | ||
| Q3 24 | $-233.7M | $72.1M | ||
| Q2 24 | $-58.4M | $36.2M | ||
| Q1 24 | $-44.8M | $10.5M |
| Q4 25 | $-198.1M | $63.0M | ||
| Q3 25 | — | $97.8M | ||
| Q2 25 | — | $64.9M | ||
| Q1 25 | — | $14.0M | ||
| Q4 24 | — | $29.0M | ||
| Q3 24 | $-299.8M | $60.9M | ||
| Q2 24 | $-68.7M | $27.6M | ||
| Q1 24 | $-60.3M | $2.0M |
| Q4 25 | -109.3% | 21.7% | ||
| Q3 25 | — | 34.1% | ||
| Q2 25 | — | 21.9% | ||
| Q1 25 | — | 5.3% | ||
| Q4 24 | — | 11.7% | ||
| Q3 24 | -335.8% | 20.4% | ||
| Q2 24 | -66.0% | 10.6% | ||
| Q1 24 | -54.0% | 0.8% |
| Q4 25 | 20.4% | 2.0% | ||
| Q3 25 | — | 4.2% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | — | 3.8% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | 74.0% | 3.8% | ||
| Q2 24 | 9.9% | 3.3% | ||
| Q1 24 | 13.8% | 3.4% |
| Q4 25 | — | 2.40× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | — | 0.78× | ||
| Q4 24 | — | 1.46× | ||
| Q3 24 | — | 2.10× | ||
| Q2 24 | — | 1.24× | ||
| Q1 24 | -0.35× | 0.45× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLSK
Segment breakdown not available.
ESE
| US Government | $98.0M | 34% |
| Utility Solutions Group | $87.5M | 30% |
| RF Shielding And Test | $58.3M | 20% |
| Commercial | $45.8M | 16% |
| Related Party | $1.3M | 0% |
