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Cipher Mining Inc.（CIFR）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是Cipher Mining Inc.的1.7倍（$100.0M vs $59.7M），null净利率更高（-7.0% vs -1229.6%，领先1222.6%），Cipher Mining Inc.同比增速更快（41.4% vs 14.5%），null自由现金流更多（$14.1M vs $-695.9M），过去两年Cipher Mining Inc.的营收复合增速更高（11.4% vs -4.9%）
Cipher Mining Inc.是总部位于美国的比特币挖矿生态运营企业，当前正全力发展加密货币相关业务，深耕加密行业上游基础设施赛道，依托技术及合规优势构建稳定高效的挖矿服务体系。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
CIFR vs SWIM — 直观对比
营收规模更大
SWIM
是对方的1.7倍
$59.7M
营收增速更快
CIFR
高出26.9%
14.5%
净利率更高
SWIM
高出1222.6%
-1229.6%
自由现金流更多
SWIM
多$709.9M
$-695.9M
两年增速更快
CIFR
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $59.7M | $100.0M |
| 净利润 | $-734.2M | $-7.0M |
| 毛利率 | 59.4% | 28.0% |
| 营业利润率 | -503.4% | -10.7% |
| 净利率 | -1229.6% | -7.0% |
| 营收同比 | 41.4% | 14.5% |
| 净利润同比 | -4293.1% | 76.0% |
| 每股收益（稀释后） | $-1.91 | $-0.06 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CIFRSWIM
| Q4 25 | $59.7M | $100.0M | ||
| Q3 25 | $71.7M | $161.9M | ||
| Q2 25 | $43.6M | $172.6M | ||
| Q1 25 | $49.0M | $111.4M | ||
| Q4 24 | $42.2M | $87.3M | ||
| Q3 24 | $24.1M | $150.5M | ||
| Q2 24 | $36.8M | $160.1M | ||
| Q1 24 | $48.1M | $110.6M |
净利润CIFRSWIM
| Q4 25 | $-734.2M | $-7.0M | ||
| Q3 25 | $-3.3M | $8.1M | ||
| Q2 25 | $-45.8M | $16.0M | ||
| Q1 25 | $-39.0M | $-6.0M | ||
| Q4 24 | $17.5M | $-29.2M | ||
| Q3 24 | $-86.8M | $5.9M | ||
| Q2 24 | $-15.3M | $13.3M | ||
| Q1 24 | $39.9M | $-7.9M |
毛利率CIFRSWIM
| Q4 25 | 59.4% | 28.0% | ||
| Q3 25 | 62.7% | 35.4% | ||
| Q2 25 | 64.8% | 37.1% | ||
| Q1 25 | 69.6% | 29.5% | ||
| Q4 24 | 56.9% | 24.6% | ||
| Q3 24 | 37.5% | 32.4% | ||
| Q2 24 | 61.2% | 33.1% | ||
| Q1 24 | 69.2% | 27.7% |
营业利润率CIFRSWIM
| Q4 25 | -503.4% | -10.7% | ||
| Q3 25 | -52.5% | 13.3% | ||
| Q2 25 | -103.9% | 14.3% | ||
| Q1 25 | -77.8% | -4.4% | ||
| Q4 24 | 40.5% | -14.9% | ||
| Q3 24 | -379.2% | 8.9% | ||
| Q2 24 | -43.9% | 12.5% | ||
| Q1 24 | 97.2% | -1.9% |
净利率CIFRSWIM
| Q4 25 | -1229.6% | -7.0% | ||
| Q3 25 | -4.6% | 5.0% | ||
| Q2 25 | -105.1% | 9.3% | ||
| Q1 25 | -79.6% | -5.4% | ||
| Q4 24 | 41.5% | -33.4% | ||
| Q3 24 | -359.9% | 3.9% | ||
| Q2 24 | -41.5% | 8.3% | ||
| Q1 24 | 82.9% | -7.1% |
每股收益（稀释后）CIFRSWIM
| Q4 25 | $-1.91 | $-0.06 | ||
| Q3 25 | $-0.01 | $0.07 | ||
| Q2 25 | $-0.12 | $0.13 | ||
| Q1 25 | $-0.11 | $-0.05 | ||
| Q4 24 | $0.04 | $-0.24 | ||
| Q3 24 | $-0.26 | $0.05 | ||
| Q2 24 | $-0.05 | $0.11 | ||
| Q1 24 | $0.13 | $-0.07 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $628.3M | — |
| 总债务越低越好 | $2.7B | $279.8M |
| 股东权益账面价值 | $805.5M | $405.9M |
| 总资产 | $4.3B | $823.2M |
| 负债/权益比越低杠杆越低 | 3.37× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资CIFRSWIM
| Q4 25 | $628.3M | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $62.7M | — | ||
| Q1 25 | $23.2M | — | ||
| Q4 24 | $5.6M | — | ||
| Q3 24 | $25.3M | — | ||
| Q2 24 | $122.6M | — | ||
| Q1 24 | $88.7M | — |
总债务CIFRSWIM
| Q4 25 | $2.7B | $279.8M | ||
| Q3 25 | $1.0B | $281.1M | ||
| Q2 25 | $167.1M | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | $0 | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
股东权益CIFRSWIM
| Q4 25 | $805.5M | $405.9M | ||
| Q3 25 | $783.2M | $408.4M | ||
| Q2 25 | $748.9M | $398.4M | ||
| Q1 25 | $734.8M | $381.1M | ||
| Q4 24 | $682.0M | $387.2M | ||
| Q3 24 | $672.0M | $416.6M | ||
| Q2 24 | $690.8M | $408.1M | ||
| Q1 24 | $600.9M | $391.8M |
总资产CIFRSWIM
| Q4 25 | $4.3B | $823.2M | ||
| Q3 25 | $2.8B | $844.4M | ||
| Q2 25 | $1.0B | $822.1M | ||
| Q1 25 | $913.8M | $824.6M | ||
| Q4 24 | $855.4M | $794.2M | ||
| Q3 24 | $775.4M | $853.4M | ||
| Q2 24 | $775.6M | $830.0M | ||
| Q1 24 | $677.1M | $808.6M |
负债/权益比CIFRSWIM
| Q4 25 | 3.37× | 0.69× | ||
| Q3 25 | 1.31× | 0.69× | ||
| Q2 25 | 0.22× | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | 0.00× | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-207.9M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-695.9M | $14.1M |
| 自由现金流率自由现金流/营收 | -1165.4% | 14.1% |
| 资本支出强度资本支出/营收 | 817.1% | 9.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $-1.1B | $38.0M |
8季度趋势，按日历期对齐
经营现金流CIFRSWIM
| Q4 25 | $-207.9M | $23.3M | ||
| Q3 25 | $-50.1M | $51.0M | ||
| Q2 25 | $-56.2M | $36.0M | ||
| Q1 25 | $-47.2M | $-46.9M | ||
| Q4 24 | $-87.5M | $6.2M | ||
| Q3 24 | $-6.5M | $37.2M | ||
| Q2 24 | $-25.4M | $52.4M | ||
| Q1 24 | $-26.6M | $-34.5M |
自由现金流CIFRSWIM
| Q4 25 | $-695.9M | $14.1M | ||
| Q3 25 | $-256.2M | $45.2M | ||
| Q2 25 | $-87.5M | $29.1M | ||
| Q1 25 | $-71.8M | $-50.3M | ||
| Q4 24 | $-227.0M | $-98.0K | ||
| Q3 24 | $-83.2M | $33.2M | ||
| Q2 24 | $-33.2M | $47.9M | ||
| Q1 24 | $-34.5M | $-39.9M |
自由现金流率CIFRSWIM
| Q4 25 | -1165.4% | 14.1% | ||
| Q3 25 | -357.3% | 27.9% | ||
| Q2 25 | -200.9% | 16.8% | ||
| Q1 25 | -146.7% | -45.2% | ||
| Q4 24 | -537.6% | -0.1% | ||
| Q3 24 | -345.0% | 22.1% | ||
| Q2 24 | -90.2% | 29.9% | ||
| Q1 24 | -71.7% | -36.0% |
资本支出强度CIFRSWIM
| Q4 25 | 817.1% | 9.2% | ||
| Q3 25 | 287.5% | 3.6% | ||
| Q2 25 | 71.8% | 4.0% | ||
| Q1 25 | 50.2% | 3.1% | ||
| Q4 24 | 330.4% | 7.2% | ||
| Q3 24 | 317.8% | 2.7% | ||
| Q2 24 | 21.4% | 2.8% | ||
| Q1 24 | 16.4% | 4.8% |
现金转化率CIFRSWIM
| Q4 25 | — | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | -5.00× | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| Q1 24 | -0.67× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CIFR
暂无分部数据
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
