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Side-by-side financial comparison of CLEANSPARK, INC. (CLSK) and STURM RUGER & CO INC (RGR). Click either name above to swap in a different company.
CLEANSPARK, INC. is the larger business by last-quarter revenue ($181.2M vs $151.1M, roughly 1.2× STURM RUGER & CO INC). On growth, CLEANSPARK, INC. posted the faster year-over-year revenue change (11.6% vs 3.6%). STURM RUGER & CO INC produced more free cash flow last quarter ($12.3M vs $-198.1M). Over the past eight quarters, CLEANSPARK, INC.'s revenue compounded faster (106.4% CAGR vs 5.1%).
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.
Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.
CLSK vs RGR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.2M | $151.1M |
| Net Profit | $-378.7M | — |
| Gross Margin | 47.2% | 17.8% |
| Operating Margin | -174.7% | 2.3% |
| Net Margin | -209.0% | — |
| Revenue YoY | 11.6% | 3.6% |
| Net Profit YoY | -253.5% | — |
| EPS (diluted) | — | $0.22 |
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 | $151.1M | ||
| Q3 25 | — | $126.8M | ||
| Q2 25 | — | $132.5M | ||
| Q1 25 | — | $135.7M | ||
| Q4 24 | — | $145.8M | ||
| Q3 24 | $89.3M | $122.3M | ||
| Q2 24 | $104.1M | $130.8M | ||
| Q1 24 | $111.8M | $136.8M |
| Q4 25 | $-378.7M | — | ||
| Q3 25 | — | $1.6M | ||
| Q2 25 | — | $-17.2M | ||
| Q1 25 | — | $7.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-62.2M | $4.7M | ||
| Q2 24 | $-236.2M | $8.3M | ||
| Q1 24 | $126.7M | $7.1M |
| Q4 25 | 47.2% | 17.8% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 22.8% | ||
| Q3 24 | 36.0% | 18.5% | ||
| Q2 24 | 56.6% | 22.3% | ||
| Q1 24 | 69.3% | 21.5% |
| Q4 25 | -174.7% | 2.3% | ||
| Q3 25 | — | -2.7% | ||
| Q2 25 | — | -15.6% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | — | 7.8% | ||
| Q3 24 | -73.5% | 3.1% | ||
| Q2 24 | -239.2% | 6.9% | ||
| Q1 24 | — | 5.5% |
| Q4 25 | -209.0% | — | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | -13.0% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | -69.6% | 3.9% | ||
| Q2 24 | -226.9% | 6.3% | ||
| Q1 24 | 113.4% | 5.2% |
| Q4 25 | — | $0.22 | ||
| Q3 25 | — | $0.10 | ||
| Q2 25 | — | $-1.05 | ||
| Q1 25 | — | $0.46 | ||
| Q4 24 | — | $0.62 | ||
| Q3 24 | — | $0.28 | ||
| Q2 24 | — | $0.47 | ||
| Q1 24 | — | $0.40 |
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 | $92.5M |
| Total DebtLower is stronger | $1.8B | — |
| Stockholders' EquityBook value | $1.4B | $283.8M |
| Total Assets | $3.3B | $342.0M |
| Debt / EquityLower = less leverage | 1.29× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $458.1M | $92.5M | ||
| Q3 25 | — | $80.8M | ||
| Q2 25 | — | $101.4M | ||
| Q1 25 | — | $108.3M | ||
| Q4 24 | — | $105.5M | ||
| Q3 24 | $121.2M | $96.0M | ||
| Q2 24 | $126.1M | $105.6M | ||
| Q1 24 | — | $115.3M |
| 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 | $283.8M | ||
| Q3 25 | — | $279.6M | ||
| Q2 25 | — | $289.3M | ||
| Q1 25 | — | $321.5M | ||
| Q4 24 | — | $319.6M | ||
| Q3 24 | $1.8B | $314.9M | ||
| Q2 24 | $1.4B | $321.5M | ||
| Q1 24 | $1.5B | $332.0M |
| Q4 25 | $3.3B | $342.0M | ||
| Q3 25 | — | $342.3M | ||
| Q2 25 | — | $349.5M | ||
| Q1 25 | — | $379.0M | ||
| Q4 24 | — | $384.0M | ||
| Q3 24 | $2.0B | $373.5M | ||
| Q2 24 | $1.5B | $376.7M | ||
| Q1 24 | $1.5B | $385.0M |
| 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 | $15.5M |
| Free Cash FlowOCF − Capex | $-198.1M | $12.3M |
| FCF MarginFCF / Revenue | -109.3% | 8.2% |
| Capex IntensityCapex / Revenue | 20.4% | 2.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-626.9M | $38.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-161.1M | $15.5M | ||
| Q3 25 | — | $12.9M | ||
| Q2 25 | — | $14.7M | ||
| Q1 25 | — | $11.1M | ||
| Q4 24 | — | $20.0M | ||
| Q3 24 | $-233.7M | $9.4M | ||
| Q2 24 | $-58.4M | $18.7M | ||
| Q1 24 | $-44.8M | $7.3M |
| Q4 25 | $-198.1M | $12.3M | ||
| Q3 25 | — | $7.0M | ||
| Q2 25 | — | $9.1M | ||
| Q1 25 | — | $10.0M | ||
| Q4 24 | — | $16.4M | ||
| Q3 24 | $-299.8M | $2.6M | ||
| Q2 24 | $-68.7M | $10.1M | ||
| Q1 24 | $-60.3M | $5.6M |
| Q4 25 | -109.3% | 8.2% | ||
| Q3 25 | — | 5.5% | ||
| Q2 25 | — | 6.9% | ||
| Q1 25 | — | 7.4% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | -335.8% | 2.1% | ||
| Q2 24 | -66.0% | 7.7% | ||
| Q1 24 | -54.0% | 4.1% |
| Q4 25 | 20.4% | 2.1% | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 4.2% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | 74.0% | 5.5% | ||
| Q2 24 | 9.9% | 6.6% | ||
| Q1 24 | 13.8% | 1.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | 8.15× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.98× | ||
| Q2 24 | — | 2.27× | ||
| Q1 24 | -0.35× | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLSK
Segment breakdown not available.
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
