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Side-by-side financial comparison of CLEANSPARK, INC. (CLSK) and NATIONAL PRESTO INDUSTRIES INC (NPK). Click either name above to swap in a different company.

CLEANSPARK, INC. is the larger business by last-quarter revenue ($181.2M vs $164.0M, roughly 1.1× NATIONAL PRESTO INDUSTRIES INC). On growth, NATIONAL PRESTO INDUSTRIES INC posted the faster year-over-year revenue change (21.7% vs 11.6%). NATIONAL PRESTO INDUSTRIES INC produced more free cash flow last quarter ($12.4M vs $-198.1M). Over the past eight quarters, CLEANSPARK, INC.'s revenue compounded faster (106.4% CAGR vs 46.3%).

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.

National Presto Industries is a company founded in 1905 in Eau Claire, Wisconsin. Originally called "Northwestern Steel and Iron Works" the company changed its name to the "National Pressure Cooker Company" in 1929 and then National Presto Industries, Inc. 1953. The company originally produced pressure canners for commercial, and later home, use. Beginning in 1939, the company introduced small home-use cooking appliances. The company was admitted to the New York Stock Exchange on March 3, 1969.

CLSK vs NPK — Head-to-Head

Bigger by revenue
CLSK
CLSK
1.1× larger
CLSK
$181.2M
$164.0M
NPK
Growing faster (revenue YoY)
NPK
NPK
+10.1% gap
NPK
21.7%
11.6%
CLSK
More free cash flow
NPK
NPK
$210.5M more FCF
NPK
$12.4M
$-198.1M
CLSK
Faster 2-yr revenue CAGR
CLSK
CLSK
Annualised
CLSK
106.4%
46.3%
NPK

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLSK
CLSK
NPK
NPK
Revenue
$181.2M
$164.0M
Net Profit
$-378.7M
Gross Margin
47.2%
16.9%
Operating Margin
-174.7%
11.4%
Net Margin
-209.0%
Revenue YoY
11.6%
21.7%
Net Profit YoY
-253.5%
EPS (diluted)

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
CLSK
CLSK
NPK
NPK
Q4 25
$181.2M
$164.0M
Q3 25
$115.5M
Q2 25
$120.4M
Q1 25
$103.6M
Q4 24
$134.7M
Q3 24
$89.3M
$91.8M
Q2 24
$104.1M
$85.1M
Q1 24
$111.8M
$76.7M
Net Profit
CLSK
CLSK
NPK
NPK
Q4 25
$-378.7M
Q3 25
$5.3M
Q2 25
$5.2M
Q1 25
$7.6M
Q4 24
Q3 24
$-62.2M
$8.1M
Q2 24
$-236.2M
$6.1M
Q1 24
$126.7M
$6.6M
Gross Margin
CLSK
CLSK
NPK
NPK
Q4 25
47.2%
16.9%
Q3 25
13.9%
Q2 25
15.4%
Q1 25
17.5%
Q4 24
24.3%
Q3 24
36.0%
18.8%
Q2 24
56.6%
17.3%
Q1 24
69.3%
18.1%
Operating Margin
CLSK
CLSK
NPK
NPK
Q4 25
-174.7%
11.4%
Q3 25
5.6%
Q2 25
5.1%
Q1 25
8.8%
Q4 24
17.3%
Q3 24
-73.5%
10.0%
Q2 24
-239.2%
7.5%
Q1 24
8.2%
Net Margin
CLSK
CLSK
NPK
NPK
Q4 25
-209.0%
Q3 25
4.6%
Q2 25
4.3%
Q1 25
7.3%
Q4 24
Q3 24
-69.6%
8.8%
Q2 24
-226.9%
7.1%
Q1 24
113.4%
8.6%

Balance Sheet & Financial Strength

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

Metric
CLSK
CLSK
NPK
NPK
Cash + ST InvestmentsLiquidity on hand
$458.1M
$3.8M
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$1.4B
$395.1M
Total Assets
$3.3B
$500.7M
Debt / EquityLower = less leverage
1.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLSK
CLSK
NPK
NPK
Q4 25
$458.1M
$3.8M
Q3 25
$4.6M
Q2 25
$4.8M
Q1 25
$5.5M
Q4 24
$22.7M
Q3 24
$121.2M
$33.2M
Q2 24
$126.1M
$53.4M
Q1 24
$87.9M
Total Debt
CLSK
CLSK
NPK
NPK
Q4 25
$1.8B
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$7.2M
Q2 24
$1.3M
Q1 24
$5.1M
Stockholders' Equity
CLSK
CLSK
NPK
NPK
Q4 25
$1.4B
$395.1M
Q3 25
$379.8M
Q2 25
$374.1M
Q1 25
$368.6M
Q4 24
$367.6M
Q3 24
$1.8B
$346.6M
Q2 24
$1.4B
$338.1M
Q1 24
$1.5B
$331.6M
Total Assets
CLSK
CLSK
NPK
NPK
Q4 25
$3.3B
$500.7M
Q3 25
$503.8M
Q2 25
$471.9M
Q1 25
$455.3M
Q4 24
$453.4M
Q3 24
$2.0B
$428.9M
Q2 24
$1.5B
$418.1M
Q1 24
$1.5B
$417.5M
Debt / Equity
CLSK
CLSK
NPK
NPK
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
CLSK
CLSK
NPK
NPK
Operating Cash FlowLast quarter
$-161.1M
$13.9M
Free Cash FlowOCF − Capex
$-198.1M
$12.4M
FCF MarginFCF / Revenue
-109.3%
7.6%
Capex IntensityCapex / Revenue
20.4%
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-626.9M
$-36.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLSK
CLSK
NPK
NPK
Q4 25
$-161.1M
$13.9M
Q3 25
$-24.6M
Q2 25
$-10.9M
Q1 25
$12.5M
Q4 24
$-7.6M
Q3 24
$-233.7M
$-17.5M
Q2 24
$-58.4M
$-33.9M
Q1 24
$-44.8M
$5.6M
Free Cash Flow
CLSK
CLSK
NPK
NPK
Q4 25
$-198.1M
$12.4M
Q3 25
$-24.7M
Q2 25
$-13.4M
Q1 25
$-10.5M
Q4 24
$-11.3M
Q3 24
$-299.8M
$-20.3M
Q2 24
$-68.7M
$-34.5M
Q1 24
$-60.3M
$5.2M
FCF Margin
CLSK
CLSK
NPK
NPK
Q4 25
-109.3%
7.6%
Q3 25
-21.4%
Q2 25
-11.1%
Q1 25
-10.2%
Q4 24
-8.4%
Q3 24
-335.8%
-22.1%
Q2 24
-66.0%
-40.6%
Q1 24
-54.0%
6.7%
Capex Intensity
CLSK
CLSK
NPK
NPK
Q4 25
20.4%
0.9%
Q3 25
0.1%
Q2 25
2.0%
Q1 25
22.2%
Q4 24
2.7%
Q3 24
74.0%
3.1%
Q2 24
9.9%
0.8%
Q1 24
13.8%
0.5%
Cash Conversion
CLSK
CLSK
NPK
NPK
Q4 25
Q3 25
-4.63×
Q2 25
-2.12×
Q1 25
1.64×
Q4 24
Q3 24
-2.16×
Q2 24
-5.58×
Q1 24
-0.35×
0.85×

Financial Flow Comparison

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

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