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Side-by-side financial comparison of Core Scientific, Inc. (CORZ) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $79.8M, roughly 1.9× Core Scientific, Inc.). Core Scientific, Inc. runs the higher net margin — 268.5% vs 4.8%, a 263.7% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs -16.0%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $-450.8M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
CORZ vs PMTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.8M | $153.1M |
| Net Profit | $214.2M | $7.3M |
| Gross Margin | 26.0% | 31.5% |
| Operating Margin | -149.5% | 12.0% |
| Net Margin | 268.5% | 4.8% |
| Revenue YoY | -16.0% | 22.3% |
| Net Profit YoY | 180.6% | 8.5% |
| EPS (diluted) | $-1.63 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $81.1M | $138.0M | ||
| Q2 25 | $78.6M | $129.8M | ||
| Q1 25 | $79.5M | $122.8M | ||
| Q4 24 | $94.9M | $125.1M | ||
| Q3 24 | $95.4M | $124.8M | ||
| Q2 24 | $141.1M | $118.8M | ||
| Q1 24 | $179.3M | $111.9M |
| Q4 25 | $214.2M | $7.3M | ||
| Q3 25 | $-144.0M | $2.3M | ||
| Q2 25 | $-936.8M | $518.0K | ||
| Q1 25 | $576.3M | $4.8M | ||
| Q4 24 | $-265.5M | $6.8M | ||
| Q3 24 | $-455.3M | $1.3M | ||
| Q2 24 | $-902.2M | $6.0M | ||
| Q1 24 | $210.7M | $5.5M |
| Q4 25 | 26.0% | 31.5% | ||
| Q3 25 | 4.8% | 29.7% | ||
| Q2 25 | 6.4% | 30.9% | ||
| Q1 25 | 10.3% | 33.2% | ||
| Q4 24 | 5.0% | 34.1% | ||
| Q3 24 | -0.2% | 35.8% | ||
| Q2 24 | 27.5% | 35.7% | ||
| Q1 24 | 43.3% | 37.1% |
| Q4 25 | -149.5% | 12.0% | ||
| Q3 25 | -67.6% | 9.4% | ||
| Q2 25 | -33.4% | 7.3% | ||
| Q1 25 | -59.1% | 11.5% | ||
| Q4 24 | -41.9% | 12.7% | ||
| Q3 24 | -43.2% | 14.3% | ||
| Q2 24 | -64.3% | 12.5% | ||
| Q1 24 | 30.8% | 12.6% |
| Q4 25 | 268.5% | 4.8% | ||
| Q3 25 | -177.6% | 1.7% | ||
| Q2 25 | -1191.4% | 0.4% | ||
| Q1 25 | 724.6% | 3.9% | ||
| Q4 24 | -279.7% | 5.4% | ||
| Q3 24 | -477.4% | 1.0% | ||
| Q2 24 | -639.4% | 5.1% | ||
| Q1 24 | 117.5% | 4.9% |
| Q4 25 | $-1.63 | $0.62 | ||
| Q3 25 | $-0.45 | $0.19 | ||
| Q2 25 | $-0.04 | $0.04 | ||
| Q1 25 | $1.24 | $0.40 | ||
| Q4 24 | $0.51 | $0.56 | ||
| Q3 24 | $-1.17 | $0.11 | ||
| Q2 24 | $-5.05 | $0.51 | ||
| Q1 24 | $0.78 | $0.46 |
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 | $21.7M |
| Total DebtLower is stronger | — | $286.7M |
| Stockholders' EquityBook value | $-962.7M | $-17.3M |
| Total Assets | $2.3B | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $311.4M | $21.7M | ||
| Q3 25 | $453.4M | $16.0M | ||
| Q2 25 | $581.3M | $17.1M | ||
| Q1 25 | $697.9M | $31.5M | ||
| Q4 24 | $836.2M | $33.5M | ||
| Q3 24 | $253.0M | $14.7M | ||
| Q2 24 | $96.1M | $7.5M | ||
| Q1 24 | $98.1M | $17.1M |
| Q4 25 | — | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | — | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M | ||
| Q1 24 | — | $265.3M |
| Q4 25 | $-962.7M | $-17.3M | ||
| Q3 25 | $-1.3B | $-25.7M | ||
| Q2 25 | $-1.2B | $-29.0M | ||
| Q1 25 | $-308.8M | $-29.7M | ||
| Q4 24 | $-943.0M | $-35.6M | ||
| Q3 24 | $-826.7M | $-42.8M | ||
| Q2 24 | $-1.2B | $-44.6M | ||
| Q1 24 | $-318.5M | $-48.5M |
| Q4 25 | $2.3B | $403.2M | ||
| Q3 25 | $2.2B | $407.1M | ||
| Q2 25 | $1.9B | $399.8M | ||
| Q1 25 | $1.5B | $351.9M | ||
| Q4 24 | $1.5B | $349.7M | ||
| Q3 24 | $824.6M | $342.3M | ||
| Q2 24 | $664.2M | $321.4M | ||
| Q1 24 | $814.0M | $319.8M |
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 | $39.6M |
| Free Cash FlowOCF − Capex | $-450.8M | $35.2M |
| FCF MarginFCF / Revenue | -565.1% | 23.0% |
| Capex IntensityCapex / Revenue | 914.0% | 2.9% |
| Cash ConversionOCF / Net Profit | 1.30× | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | $-779.8M | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.3M | $39.6M | ||
| Q3 25 | $131.8M | $10.0M | ||
| Q2 25 | $34.0M | $4.3M | ||
| Q1 25 | $-45.0M | $5.6M | ||
| Q4 24 | $42.9M | $26.7M | ||
| Q3 24 | $5.7M | $12.5M | ||
| Q2 24 | $1.2M | $-4.8M | ||
| Q1 24 | $22.2M | $8.9M |
| Q4 25 | $-450.8M | $35.2M | ||
| Q3 25 | $-112.7M | $5.3M | ||
| Q2 25 | $-87.3M | $533.0K | ||
| Q1 25 | $-129.0M | $292.0K | ||
| Q4 24 | $-52.1M | $21.6M | ||
| Q3 24 | $-25.5M | $11.1M | ||
| Q2 24 | $-1.9M | $-6.0M | ||
| Q1 24 | $-9.7M | $7.4M |
| Q4 25 | -565.1% | 23.0% | ||
| Q3 25 | -139.0% | 3.8% | ||
| Q2 25 | -111.0% | 0.4% | ||
| Q1 25 | -162.2% | 0.2% | ||
| Q4 24 | -54.8% | 17.3% | ||
| Q3 24 | -26.7% | 8.9% | ||
| Q2 24 | -1.4% | -5.0% | ||
| Q1 24 | -5.4% | 6.6% |
| Q4 25 | 914.0% | 2.9% | ||
| Q3 25 | 301.5% | 3.4% | ||
| Q2 25 | 154.2% | 2.9% | ||
| Q1 25 | 105.6% | 4.3% | ||
| Q4 24 | 100.0% | 4.0% | ||
| Q3 24 | 32.7% | 1.2% | ||
| Q2 24 | 2.2% | 1.0% | ||
| Q1 24 | 17.8% | 1.3% |
| Q4 25 | 1.30× | 5.39× | ||
| Q3 25 | — | 4.32× | ||
| Q2 25 | — | 8.39× | ||
| Q1 25 | -0.08× | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | — | 9.70× | ||
| Q2 24 | — | -0.79× | ||
| Q1 24 | 0.11× | 1.63× |
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% |
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
