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Side-by-side financial comparison of CoreWeave, Inc. (CRWV) and MERCURY GENERAL CORP (MCY). Click either name above to swap in a different company.
CoreWeave, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.5B, roughly 1.0× MERCURY GENERAL CORP). MERCURY GENERAL CORP runs the higher net margin — 13.2% vs -28.7%, a 41.9% gap on every dollar of revenue. MERCURY GENERAL CORP produced more free cash flow last quarter ($273.9M vs $-2.5B).
CoreWeave, Inc. is an American artificial intelligence (AI) cloud-computing company based in Livingston, New Jersey. It specializes in providing cloud-based graphics processing unit (GPU) infrastructure to AI developers and enterprises, and also develops its own chip management software.
Mercury General Corporation is a multiple-line insurance organization that offers personal automobiles, homeowners, renters, and business insurance. Mercury's primary focus is automobiles and homeowners' insurance.
CRWV vs MCY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.5B |
| Net Profit | $-451.7M | $202.5M |
| Gross Margin | 67.6% | 99.7% |
| Operating Margin | -5.7% | 16.2% |
| Net Margin | -28.7% | 13.2% |
| Revenue YoY | — | 12.4% |
| Net Profit YoY | — | 100.4% |
| EPS (diluted) | $-0.50 | $3.66 |
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 | $1.6B | $1.5B | ||
| Q3 25 | $1.4B | $1.6B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $981.6M | $1.4B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | $583.9M | $1.5B | ||
| Q2 24 | $395.4M | $1.3B | ||
| Q1 24 | — | $1.3B |
| Q4 25 | $-451.7M | $202.5M | ||
| Q3 25 | $-110.1M | $280.4M | ||
| Q2 25 | $-290.5M | $166.5M | ||
| Q1 25 | $-314.6M | $-108.3M | ||
| Q4 24 | — | $101.1M | ||
| Q3 24 | $-359.8M | $230.9M | ||
| Q2 24 | $-323.0M | $62.6M | ||
| Q1 24 | — | $73.5M |
| Q4 25 | 67.6% | 99.7% | ||
| Q3 25 | 73.0% | 99.8% | ||
| Q2 25 | 74.2% | 99.8% | ||
| Q1 25 | 73.3% | 99.7% | ||
| Q4 24 | — | 99.7% | ||
| Q3 24 | 75.5% | 99.8% | ||
| Q2 24 | 72.5% | 99.8% | ||
| Q1 24 | — | 99.7% |
| Q4 25 | -5.7% | 16.2% | ||
| Q3 25 | 3.8% | 22.1% | ||
| Q2 25 | 1.6% | 14.0% | ||
| Q1 25 | -2.8% | -10.2% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | 20.1% | 18.8% | ||
| Q2 24 | 19.7% | 5.8% | ||
| Q1 24 | — | 7.0% |
| Q4 25 | -28.7% | 13.2% | ||
| Q3 25 | -8.1% | 17.7% | ||
| Q2 25 | -24.0% | 11.3% | ||
| Q1 25 | -32.1% | -7.8% | ||
| Q4 24 | — | 7.4% | ||
| Q3 24 | -61.6% | 15.1% | ||
| Q2 24 | -81.7% | 4.8% | ||
| Q1 24 | — | 5.8% |
| Q4 25 | $-0.50 | $3.66 | ||
| Q3 25 | $-0.22 | $5.06 | ||
| Q2 25 | $-0.60 | $3.01 | ||
| Q1 25 | $-1.49 | $-1.96 | ||
| Q4 24 | — | $1.82 | ||
| Q3 24 | $-1.82 | $4.17 | ||
| Q2 24 | $-1.62 | $1.13 | ||
| Q1 24 | — | $1.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.2B | — |
| Total DebtLower is stronger | $21.4B | $575.0M |
| Stockholders' EquityBook value | $3.3B | $2.4B |
| Total Assets | $49.3B | $9.6B |
| Debt / EquityLower = less leverage | 6.41× | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2B | — | ||
| Q3 25 | $1.9B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $1.4B | — | ||
| Q2 24 | $1.0B | — | ||
| Q1 24 | — | — |
| Q4 25 | $21.4B | $575.0M | ||
| Q3 25 | $14.0B | — | ||
| Q2 25 | $11.1B | — | ||
| Q1 25 | $8.7B | — | ||
| Q4 24 | — | $575.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $3.3B | $2.4B | ||
| Q3 25 | $3.9B | $2.2B | ||
| Q2 25 | $2.7B | $2.0B | ||
| Q1 25 | $1.9B | $1.8B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | $-344.0M | $1.9B | ||
| Q2 24 | $-1.0B | $1.6B | ||
| Q1 24 | — | $1.6B |
| Q4 25 | $49.3B | $9.6B | ||
| Q3 25 | $32.9B | $9.4B | ||
| Q2 25 | $26.2B | $9.1B | ||
| Q1 25 | $21.9B | $9.0B | ||
| Q4 24 | — | $8.3B | ||
| Q3 24 | — | $8.2B | ||
| Q2 24 | — | $7.7B | ||
| Q1 24 | — | $7.4B |
| Q4 25 | 6.41× | 0.24× | ||
| Q3 25 | 3.62× | — | ||
| Q2 25 | 4.16× | — | ||
| Q1 25 | 4.57× | — | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $1.6B | $287.9M |
| Free Cash FlowOCF − Capex | $-2.5B | $273.9M |
| FCF MarginFCF / Revenue | -159.1% | 17.8% |
| Capex IntensityCapex / Revenue | 258.3% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | $-7.3B | $1.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $287.9M | ||
| Q3 25 | $1.7B | $496.4M | ||
| Q2 25 | $-251.3M | $371.6M | ||
| Q1 25 | $61.2M | $-68.7M | ||
| Q4 24 | — | $248.3M | ||
| Q3 24 | — | $318.1M | ||
| Q2 24 | — | $278.0M | ||
| Q1 24 | — | $192.6M |
| Q4 25 | $-2.5B | $273.9M | ||
| Q3 25 | $-699.8M | $479.5M | ||
| Q2 25 | $-2.7B | $357.2M | ||
| Q1 25 | $-1.3B | $-81.9M | ||
| Q4 24 | — | $236.0M | ||
| Q3 24 | — | $306.2M | ||
| Q2 24 | — | $266.5M | ||
| Q1 24 | — | $182.4M |
| Q4 25 | -159.1% | 17.8% | ||
| Q3 25 | -51.3% | 30.3% | ||
| Q2 25 | -223.0% | 24.2% | ||
| Q1 25 | -137.1% | -5.9% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 20.0% | ||
| Q2 24 | — | 20.4% | ||
| Q1 24 | — | 14.3% |
| Q4 25 | 258.3% | 0.9% | ||
| Q3 25 | 175.1% | 1.1% | ||
| Q2 25 | 202.3% | 1.0% | ||
| Q1 25 | 143.4% | 0.9% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | — | 1.42× | ||
| Q3 25 | — | 1.77× | ||
| Q2 25 | — | 2.23× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.46× | ||
| Q3 24 | — | 1.38× | ||
| Q2 24 | — | 4.44× | ||
| Q1 24 | — | 2.62× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRWV
| US | $1.4B | 92% |
| Non Us | $129.3M | 8% |
MCY
Segment breakdown not available.
