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Side-by-side financial comparison of CLEANSPARK, INC. (CLSK) and Westrock Coffee Co (WEST). Click either name above to swap in a different company.
Westrock Coffee Co is the larger business by last-quarter revenue ($339.5M vs $181.2M, roughly 1.9× CLEANSPARK, INC.). Westrock Coffee Co runs the higher net margin — -6.6% vs -209.0%, a 202.4% gap on every dollar of revenue. On growth, Westrock Coffee Co posted the faster year-over-year revenue change (48.3% vs 11.6%). Westrock Coffee Co produced more free cash flow last quarter ($27.8M vs $-198.1M). Over the past eight quarters, CLEANSPARK, INC.'s revenue compounded faster (106.4% CAGR vs 32.8%).
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.
Westrock Coffee Co is a global integrated coffee, tea and functional beverage solutions provider. It sources, roasts, manufactures and distributes coffee products, ready-to-drink beverages and custom formulations for retail, foodservice and commercial clients across North America and other key markets.
CLSK vs WEST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $181.2M | $339.5M |
| Net Profit | $-378.7M | $-22.6M |
| Gross Margin | 47.2% | 11.5% |
| Operating Margin | -174.7% | -2.6% |
| Net Margin | -209.0% | -6.6% |
| Revenue YoY | 11.6% | 48.3% |
| Net Profit YoY | -253.5% | 8.3% |
| 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 | $339.5M | ||
| Q3 25 | — | $354.8M | ||
| Q2 25 | — | $280.9M | ||
| Q1 25 | — | $213.8M | ||
| Q4 24 | — | $229.0M | ||
| Q3 24 | $89.3M | $220.9M | ||
| Q2 24 | $104.1M | $208.4M | ||
| Q1 24 | $111.8M | $192.5M |
| Q4 25 | $-378.7M | $-22.6M | ||
| Q3 25 | — | $-19.1M | ||
| Q2 25 | — | $-21.6M | ||
| Q1 25 | — | $-27.2M | ||
| Q4 24 | — | $-24.6M | ||
| Q3 24 | $-62.2M | $-14.3M | ||
| Q2 24 | $-236.2M | $-17.8M | ||
| Q1 24 | $126.7M | $-23.7M |
| Q4 25 | 47.2% | 11.5% | ||
| Q3 25 | — | 11.7% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 13.6% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | 36.0% | 16.8% | ||
| Q2 24 | 56.6% | 19.9% | ||
| Q1 24 | 69.3% | 19.4% |
| Q4 25 | -174.7% | -2.6% | ||
| Q3 25 | — | -2.4% | ||
| Q2 25 | — | -5.3% | ||
| Q1 25 | — | -6.1% | ||
| Q4 24 | — | -4.3% | ||
| Q3 24 | -73.5% | -5.8% | ||
| Q2 24 | -239.2% | -7.9% | ||
| Q1 24 | — | -5.3% |
| Q4 25 | -209.0% | -6.6% | ||
| Q3 25 | — | -5.4% | ||
| Q2 25 | — | -7.7% | ||
| Q1 25 | — | -12.7% | ||
| Q4 24 | — | -10.7% | ||
| Q3 24 | -69.6% | -6.5% | ||
| Q2 24 | -226.9% | -8.5% | ||
| Q1 24 | 113.4% | -12.3% |
| Q4 25 | — | $-0.22 | ||
| Q3 25 | — | $-0.20 | ||
| Q2 25 | — | $-0.23 | ||
| Q1 25 | — | $-0.29 | ||
| Q4 24 | — | $-0.26 | ||
| Q3 24 | — | $-0.16 | ||
| Q2 24 | — | $-0.20 | ||
| Q1 24 | — | $-0.27 |
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 | $49.9M |
| Total DebtLower is stronger | $1.8B | $444.1M |
| Stockholders' EquityBook value | $1.4B | $-1.9M |
| Total Assets | $3.3B | $1.2B |
| Debt / EquityLower = less leverage | 1.29× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $458.1M | $49.9M | ||
| Q3 25 | — | $34.0M | ||
| Q2 25 | — | $44.0M | ||
| Q1 25 | — | $33.1M | ||
| Q4 24 | — | $26.2M | ||
| Q3 24 | $121.2M | $22.4M | ||
| Q2 24 | $126.1M | $24.3M | ||
| Q1 24 | — | $12.6M |
| Q4 25 | $1.8B | $444.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $393.1M | ||
| Q3 24 | $7.2M | — | ||
| Q2 24 | $1.3M | — | ||
| Q1 24 | $5.1M | — |
| Q4 25 | $1.4B | $-1.9M | ||
| Q3 25 | — | $11.4M | ||
| Q2 25 | — | $18.2M | ||
| Q1 25 | — | $71.4M | ||
| Q4 24 | — | $97.5M | ||
| Q3 24 | $1.8B | $110.3M | ||
| Q2 24 | $1.4B | $81.5M | ||
| Q1 24 | $1.5B | $91.7M |
| Q4 25 | $3.3B | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | — | $1.1B | ||
| Q3 24 | $2.0B | $1.1B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.5B | $983.3M |
| Q4 25 | 1.29× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.03× | ||
| 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 | $36.7M |
| Free Cash FlowOCF − Capex | $-198.1M | $27.8M |
| FCF MarginFCF / Revenue | -109.3% | 8.2% |
| Capex IntensityCapex / Revenue | 20.4% | 2.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-626.9M | $-107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-161.1M | $36.7M | ||
| Q3 25 | — | $-26.6M | ||
| Q2 25 | — | $-7.0M | ||
| Q1 25 | — | $-22.1M | ||
| Q4 24 | — | $2.8M | ||
| Q3 24 | $-233.7M | $-332.0K | ||
| Q2 24 | $-58.4M | $-23.7M | ||
| Q1 24 | $-44.8M | $8.0M |
| Q4 25 | $-198.1M | $27.8M | ||
| Q3 25 | — | $-44.7M | ||
| Q2 25 | — | $-27.5M | ||
| Q1 25 | — | $-63.4M | ||
| Q4 24 | — | $-15.4M | ||
| Q3 24 | $-299.8M | $-36.7M | ||
| Q2 24 | $-68.7M | $-59.9M | ||
| Q1 24 | $-60.3M | $-60.9M |
| Q4 25 | -109.3% | 8.2% | ||
| Q3 25 | — | -12.6% | ||
| Q2 25 | — | -9.8% | ||
| Q1 25 | — | -29.7% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | -335.8% | -16.6% | ||
| Q2 24 | -66.0% | -28.7% | ||
| Q1 24 | -54.0% | -31.7% |
| Q4 25 | 20.4% | 2.6% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 7.3% | ||
| Q1 25 | — | 19.3% | ||
| Q4 24 | — | 7.9% | ||
| Q3 24 | 74.0% | 16.5% | ||
| Q2 24 | 9.9% | 17.4% | ||
| Q1 24 | 13.8% | 35.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -0.35× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLSK
Segment breakdown not available.
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
