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Side-by-side financial comparison of CLEANSPARK, INC. (CLSK) and ROGERS CORP (ROG). Click either name above to swap in a different company.

ROGERS CORP is the larger business by last-quarter revenue ($200.5M vs $181.2M, roughly 1.1× CLEANSPARK, INC.). ROGERS CORP runs the higher net margin — 2.2% vs -209.0%, a 211.3% gap on every dollar of revenue. On growth, CLEANSPARK, INC. posted the faster year-over-year revenue change (11.6% vs 5.2%). ROGERS CORP produced more free cash flow last quarter ($1.1M vs $-198.1M). Over the past eight quarters, CLEANSPARK, INC.'s revenue compounded faster (106.4% CAGR vs -3.3%).

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.

Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.

CLSK vs ROG — Head-to-Head

Bigger by revenue
ROG
ROG
1.1× larger
ROG
$200.5M
$181.2M
CLSK
Growing faster (revenue YoY)
CLSK
CLSK
+6.4% gap
CLSK
11.6%
5.2%
ROG
Higher net margin
ROG
ROG
211.3% more per $
ROG
2.2%
-209.0%
CLSK
More free cash flow
ROG
ROG
$199.2M more FCF
ROG
$1.1M
$-198.1M
CLSK
Faster 2-yr revenue CAGR
CLSK
CLSK
Annualised
CLSK
106.4%
-3.3%
ROG

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CLSK
CLSK
ROG
ROG
Revenue
$181.2M
$200.5M
Net Profit
$-378.7M
$4.5M
Gross Margin
47.2%
32.2%
Operating Margin
-174.7%
Net Margin
-209.0%
2.2%
Revenue YoY
11.6%
5.2%
Net Profit YoY
-253.5%
421.4%
EPS (diluted)
$0.25

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
ROG
ROG
Q1 26
$200.5M
Q4 25
$181.2M
$201.5M
Q3 25
$216.0M
Q2 25
$202.8M
Q1 25
$190.5M
Q4 24
$192.2M
Q3 24
$89.3M
$210.3M
Q2 24
$104.1M
$214.2M
Net Profit
CLSK
CLSK
ROG
ROG
Q1 26
$4.5M
Q4 25
$-378.7M
$4.6M
Q3 25
$8.6M
Q2 25
$-73.6M
Q1 25
$-1.4M
Q4 24
$-500.0K
Q3 24
$-62.2M
$10.7M
Q2 24
$-236.2M
$8.1M
Gross Margin
CLSK
CLSK
ROG
ROG
Q1 26
32.2%
Q4 25
47.2%
31.5%
Q3 25
33.5%
Q2 25
31.6%
Q1 25
29.9%
Q4 24
32.1%
Q3 24
36.0%
35.2%
Q2 24
56.6%
34.1%
Operating Margin
CLSK
CLSK
ROG
ROG
Q1 26
Q4 25
-174.7%
3.5%
Q3 25
7.3%
Q2 25
-33.3%
Q1 25
-0.2%
Q4 24
-6.6%
Q3 24
-73.5%
6.9%
Q2 24
-239.2%
5.3%
Net Margin
CLSK
CLSK
ROG
ROG
Q1 26
2.2%
Q4 25
-209.0%
2.3%
Q3 25
4.0%
Q2 25
-36.3%
Q1 25
-0.7%
Q4 24
-0.3%
Q3 24
-69.6%
5.1%
Q2 24
-226.9%
3.8%
EPS (diluted)
CLSK
CLSK
ROG
ROG
Q1 26
$0.25
Q4 25
$0.20
Q3 25
$0.48
Q2 25
$-4.00
Q1 25
$-0.08
Q4 24
$-0.04
Q3 24
$0.58
Q2 24
$0.44

Balance Sheet & Financial Strength

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

Metric
CLSK
CLSK
ROG
ROG
Cash + ST InvestmentsLiquidity on hand
$458.1M
$195.8M
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$1.4B
$1.2B
Total Assets
$3.3B
$1.4B
Debt / EquityLower = less leverage
1.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLSK
CLSK
ROG
ROG
Q1 26
$195.8M
Q4 25
$458.1M
$197.0M
Q3 25
$167.8M
Q2 25
$157.2M
Q1 25
$175.6M
Q4 24
$159.8M
Q3 24
$121.2M
$146.4M
Q2 24
$126.1M
$119.9M
Total Debt
CLSK
CLSK
ROG
ROG
Q1 26
Q4 25
$1.8B
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$7.2M
Q2 24
$1.3M
Stockholders' Equity
CLSK
CLSK
ROG
ROG
Q1 26
$1.2B
Q4 25
$1.4B
$1.2B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.3B
Q4 24
$1.3B
Q3 24
$1.8B
$1.3B
Q2 24
$1.4B
$1.3B
Total Assets
CLSK
CLSK
ROG
ROG
Q1 26
$1.4B
Q4 25
$3.3B
$1.4B
Q3 25
$1.4B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$2.0B
$1.5B
Q2 24
$1.5B
$1.5B
Debt / Equity
CLSK
CLSK
ROG
ROG
Q1 26
Q4 25
1.29×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.00×
Q2 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
ROG
ROG
Operating Cash FlowLast quarter
$-161.1M
$5.8M
Free Cash FlowOCF − Capex
$-198.1M
$1.1M
FCF MarginFCF / Revenue
-109.3%
0.5%
Capex IntensityCapex / Revenue
20.4%
2.3%
Cash ConversionOCF / Net Profit
1.29×
TTM Free Cash FlowTrailing 4 quarters
$-626.9M
$70.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLSK
CLSK
ROG
ROG
Q1 26
$5.8M
Q4 25
$-161.1M
$46.9M
Q3 25
$28.9M
Q2 25
$13.7M
Q1 25
$11.7M
Q4 24
$33.7M
Q3 24
$-233.7M
$42.4M
Q2 24
$-58.4M
$22.9M
Free Cash Flow
CLSK
CLSK
ROG
ROG
Q1 26
$1.1M
Q4 25
$-198.1M
$42.2M
Q3 25
$21.2M
Q2 25
$5.6M
Q1 25
$2.1M
Q4 24
$18.3M
Q3 24
$-299.8M
$25.2M
Q2 24
$-68.7M
$8.8M
FCF Margin
CLSK
CLSK
ROG
ROG
Q1 26
0.5%
Q4 25
-109.3%
20.9%
Q3 25
9.8%
Q2 25
2.8%
Q1 25
1.1%
Q4 24
9.5%
Q3 24
-335.8%
12.0%
Q2 24
-66.0%
4.1%
Capex Intensity
CLSK
CLSK
ROG
ROG
Q1 26
2.3%
Q4 25
20.4%
2.3%
Q3 25
3.6%
Q2 25
4.0%
Q1 25
5.0%
Q4 24
8.0%
Q3 24
74.0%
8.2%
Q2 24
9.9%
6.6%
Cash Conversion
CLSK
CLSK
ROG
ROG
Q1 26
1.29×
Q4 25
10.20×
Q3 25
3.36×
Q2 25
Q1 25
Q4 24
Q3 24
3.96×
Q2 24
2.83×

Financial Flow Comparison

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

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