vs
Side-by-side financial comparison of Core Scientific, Inc. (CORZ) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
Mayville Engineering Company, Inc. is the larger business by last-quarter revenue ($134.3M vs $79.8M, roughly 1.7× Core Scientific, Inc.). Core Scientific, Inc. runs the higher net margin — 268.5% vs -3.2%, a 271.7% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs -16.0%). Mayville Engineering Company, Inc. produced more free cash flow last quarter ($10.2M vs $-450.8M). Over the past eight quarters, Mayville Engineering Company, Inc.'s revenue compounded faster (-8.8% CAGR vs -33.3%).
Core Scientific is a leading digital asset and high-performance computing infrastructure provider. It operates large energy-efficient data centers across North America, offering cryptocurrency mining services, colocation hosting for blockchain and AI clients, and custom high-performance computing solutions for enterprise tech segments.
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
CORZ vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.8M | $134.3M |
| Net Profit | $214.2M | $-4.4M |
| Gross Margin | 26.0% | 6.8% |
| Operating Margin | -149.5% | -4.1% |
| Net Margin | 268.5% | -3.2% |
| Revenue YoY | -16.0% | 10.7% |
| Net Profit YoY | 180.6% | -127.3% |
| EPS (diluted) | $-1.63 | $-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 | $79.8M | $134.3M | ||
| Q3 25 | $81.1M | $144.3M | ||
| Q2 25 | $78.6M | $132.3M | ||
| Q1 25 | $79.5M | $135.6M | ||
| Q4 24 | $94.9M | $121.3M | ||
| Q3 24 | $95.4M | $135.4M | ||
| Q2 24 | $141.1M | $163.6M | ||
| Q1 24 | $179.3M | $161.3M |
| Q4 25 | $214.2M | $-4.4M | ||
| Q3 25 | $-144.0M | $-2.7M | ||
| Q2 25 | $-936.8M | $-1.1M | ||
| Q1 25 | $576.3M | $20.0K | ||
| Q4 24 | $-265.5M | $16.0M | ||
| Q3 24 | $-455.3M | $3.0M | ||
| Q2 24 | $-902.2M | $3.8M | ||
| Q1 24 | $210.7M | $3.2M |
| Q4 25 | 26.0% | 6.8% | ||
| Q3 25 | 4.8% | 11.0% | ||
| Q2 25 | 6.4% | 10.3% | ||
| Q1 25 | 10.3% | 11.3% | ||
| Q4 24 | 5.0% | 8.9% | ||
| Q3 24 | -0.2% | 12.6% | ||
| Q2 24 | 27.5% | 13.6% | ||
| Q1 24 | 43.3% | 13.0% |
| Q4 25 | -149.5% | -4.1% | ||
| Q3 25 | -67.6% | 0.0% | ||
| Q2 25 | -33.4% | 0.1% | ||
| Q1 25 | -59.1% | 1.2% | ||
| Q4 24 | -41.9% | 19.0% | ||
| Q3 24 | -43.2% | 4.2% | ||
| Q2 24 | -64.3% | 5.0% | ||
| Q1 24 | 30.8% | 4.7% |
| Q4 25 | 268.5% | -3.2% | ||
| Q3 25 | -177.6% | -1.9% | ||
| Q2 25 | -1191.4% | -0.8% | ||
| Q1 25 | 724.6% | 0.0% | ||
| Q4 24 | -279.7% | 13.2% | ||
| Q3 24 | -477.4% | 2.2% | ||
| Q2 24 | -639.4% | 2.3% | ||
| Q1 24 | 117.5% | 2.0% |
| Q4 25 | $-1.63 | $-0.22 | ||
| Q3 25 | $-0.45 | $-0.13 | ||
| Q2 25 | $-0.04 | $-0.05 | ||
| Q1 25 | $1.24 | $0.00 | ||
| Q4 24 | $0.51 | $0.76 | ||
| Q3 24 | $-1.17 | $0.14 | ||
| Q2 24 | $-5.05 | $0.18 | ||
| Q1 24 | $0.78 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $311.4M | $1.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-962.7M | $240.7M |
| Total Assets | $2.3B | $563.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $311.4M | $1.5M | ||
| Q3 25 | $453.4M | $1.2M | ||
| Q2 25 | $581.3M | $206.0K | ||
| Q1 25 | $697.9M | $183.0K | ||
| Q4 24 | $836.2M | $206.0K | ||
| Q3 24 | $253.0M | $178.0K | ||
| Q2 24 | $96.1M | $314.0K | ||
| Q1 24 | $98.1M | $314.0K |
| Q4 25 | $-962.7M | $240.7M | ||
| Q3 25 | $-1.3B | $244.8M | ||
| Q2 25 | $-1.2B | $246.8M | ||
| Q1 25 | $-308.8M | $250.0M | ||
| Q4 24 | $-943.0M | $251.8M | ||
| Q3 24 | $-826.7M | $238.4M | ||
| Q2 24 | $-1.2B | $238.1M | ||
| Q1 24 | $-318.5M | $234.0M |
| Q4 25 | $2.3B | $563.6M | ||
| Q3 25 | $2.2B | $585.6M | ||
| Q2 25 | $1.9B | $433.7M | ||
| Q1 25 | $1.5B | $447.7M | ||
| Q4 24 | $1.5B | $445.6M | ||
| Q3 24 | $824.6M | $466.0M | ||
| Q2 24 | $664.2M | $488.2M | ||
| Q1 24 | $814.0M | $499.9M |
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 | $278.3M | $13.4M |
| Free Cash FlowOCF − Capex | $-450.8M | $10.2M |
| FCF MarginFCF / Revenue | -565.1% | 7.6% |
| Capex IntensityCapex / Revenue | 914.0% | 2.4% |
| Cash ConversionOCF / Net Profit | 1.30× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-779.8M | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.3M | $13.4M | ||
| Q3 25 | $131.8M | $1.9M | ||
| Q2 25 | $34.0M | $15.0M | ||
| Q1 25 | $-45.0M | $8.3M | ||
| Q4 24 | $42.9M | $38.0M | ||
| Q3 24 | $5.7M | $17.9M | ||
| Q2 24 | $1.2M | $23.3M | ||
| Q1 24 | $22.2M | $10.6M |
| Q4 25 | $-450.8M | $10.2M | ||
| Q3 25 | $-112.7M | $-1.1M | ||
| Q2 25 | $-87.3M | $12.5M | ||
| Q1 25 | $-129.0M | $5.4M | ||
| Q4 24 | $-52.1M | $35.6M | ||
| Q3 24 | $-25.5M | $15.1M | ||
| Q2 24 | $-1.9M | $19.2M | ||
| Q1 24 | $-9.7M | $7.8M |
| Q4 25 | -565.1% | 7.6% | ||
| Q3 25 | -139.0% | -0.8% | ||
| Q2 25 | -111.0% | 9.5% | ||
| Q1 25 | -162.2% | 4.0% | ||
| Q4 24 | -54.8% | 29.4% | ||
| Q3 24 | -26.7% | 11.1% | ||
| Q2 24 | -1.4% | 11.7% | ||
| Q1 24 | -5.4% | 4.9% |
| Q4 25 | 914.0% | 2.4% | ||
| Q3 25 | 301.5% | 2.1% | ||
| Q2 25 | 154.2% | 1.8% | ||
| Q1 25 | 105.6% | 2.2% | ||
| Q4 24 | 100.0% | 1.9% | ||
| Q3 24 | 32.7% | 2.1% | ||
| Q2 24 | 2.2% | 2.5% | ||
| Q1 24 | 17.8% | 1.7% |
| Q4 25 | 1.30× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.08× | 416.65× | ||
| Q4 24 | — | 2.38× | ||
| Q3 24 | — | 6.03× | ||
| Q2 24 | — | 6.15× | ||
| Q1 24 | 0.11× | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CORZ
| Other | $36.3M | 46% |
| Digital Asset Self Mining Service | $31.8M | 40% |
| Colocation Service | $11.6M | 15% |
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
