Financial - Capital Markets
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ARBK vs CLSK vs MARA vs RIOT
Revenue, margins, valuation, and 5-year total return — side by side.
Software - Application
Financial - Capital Markets
Financial - Capital Markets
ARBK vs CLSK vs MARA vs RIOT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Financial - Capital Markets | Software - Application | Financial - Capital Markets | Financial - Capital Markets |
| Market Cap | $1M | $3.58B | $4.83B | $9.14B |
| Revenue (TTM) | $49M | $785M | $907M | $647M |
| Net Income (TTM) | $-69M | $-261M | $-1.31B | $-867M |
| Gross Margin | 3.0% | 41.4% | -47.7% | -15.6% |
| Operating Margin | -31.6% | -26.4% | -90.6% | -61.8% |
| Forward P/E | — | 12.5x | — | — |
| Total Debt | $40M | $824M | $3.65B | $280M |
| Cash & Equiv. | $9M | $43M | $547M | $234M |
ARBK vs CLSK vs MARA vs RIOT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Sep 21 | May 26 | Return |
|---|---|---|---|
| Argo Blockchain plc (ARBK) | 100 | 22.1 | -77.9% |
| CleanSpark, Inc. (CLSK) | 100 | 120.6 | +20.6% |
| Marathon Digital Ho… (MARA) | 100 | 40.2 | -59.8% |
| Riot Platforms, Inc. (RIOT) | 100 | 93.8 | -6.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ARBK vs CLSK vs MARA vs RIOT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
ARBK is the #2 pick in this set and the best alternative if defensive is your priority.
- Beta 2.72, current ratio 1.24x
- Beta 2.72 vs RIOT's 3.87
- +8.1% vs MARA's -4.7%
CLSK carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 2 yrs, beta 3.39, yield 0.2%
- Rev growth 102.2%, EPS growth 262.3%, 3Y rev CAGR 79.9%
- Lower volatility, beta 3.39, Low D/E 37.9%, current ratio 4.18x
- 102.2% revenue growth vs ARBK's -15.9%
MARA is the clearest fit if your priority is value.
- Better valuation composite
RIOT is the clearest fit if your priority is long-term compounding.
- 7.9% 10Y total return vs MARA's -51.6%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 102.2% revenue growth vs ARBK's -15.9% | |
| Value | Better valuation composite | |
| Quality / Margins | -33.2% margin vs MARA's -144.6% | |
| Stability / Safety | Beta 2.72 vs RIOT's 3.87 | |
| Dividends | 0.2% yield; 2-year raise streak; the other 3 pay no meaningful dividend | |
| Momentum (1Y) | +8.1% vs MARA's -4.7% | |
| Efficiency (ROA) | -8.5% ROA vs ARBK's -7.6%, ROIC 10.3% vs -31.3% |
ARBK vs CLSK vs MARA vs RIOT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
ARBK vs CLSK vs MARA vs RIOT — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
CLSK leads in 3 of 6 categories
ARBK leads 0 • MARA leads 0 • RIOT leads 0 • 2 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
CLSK leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
MARA is the larger business by revenue, generating $907M annually — 18.7x ARBK's $49M. CLSK is the more profitable business, keeping -33.2% of every revenue dollar as net income compared to MARA's -144.6%.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $49M | $785M | $907M | $647M |
| EBITDAEarnings before interest/tax | -$6M | $181M | $627M | -$450M |
| Net IncomeAfter-tax profit | -$69M | -$261M | -$1.3B | -$867M |
| Free Cash FlowCash after capex | -$59M | -$1.0B | -$312M | -$1.0B |
| Gross MarginGross profit ÷ Revenue | +3.0% | +41.4% | -47.7% | -15.6% |
| Operating MarginEBIT ÷ Revenue | -31.6% | -26.4% | -90.6% | -61.8% |
| Net MarginNet income ÷ Revenue | -113.6% | -33.2% | -144.6% | -102.4% |
| FCF MarginFCF ÷ Revenue | -92.3% | -133.1% | -34.4% | -119.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | +11.6% | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +80.1% | -2.6% | -4.8% | -60.0% |
Valuation Metrics
Evenly matched — ARBK and MARA and RIOT each lead in 1 of 3 comparable metrics.
Valuation Metrics
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $1M | $3.6B | $4.8B | $9.1B |
| Enterprise ValueMkt cap + debt − cash | $33M | $4.4B | $7.9B | $9.2B |
| Trailing P/EPrice ÷ TTM EPS | -0.02x | 12.48x | -3.44x | -12.36x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | — | 6.53x | — | — |
| Price / SalesMarket cap ÷ Revenue | 0.02x | 4.67x | 5.32x | 14.12x |
| Price / BookPrice ÷ Book value/share | — | 2.04x | 1.30x | 2.87x |
| Price / FCFMarket cap ÷ FCF | — | — | — | — |
Profitability & Efficiency
CLSK leads this category, winning 5 of 9 comparable metrics.
Profitability & Efficiency
CLSK delivers a -13.7% return on equity — every $100 of shareholder capital generates $-14 in annual profit, vs $-31 for MARA. RIOT carries lower financial leverage with a 0.10x debt-to-equity ratio, signaling a more conservative balance sheet compared to MARA's 1.05x. On the Piotroski fundamental quality scale (0–9), CLSK scores 5/9 vs RIOT's 3/9, reflecting solid financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | — | -13.7% | -30.5% | -28.8% |
| ROA (TTM)Return on assets | -7.6% | -8.5% | -17.1% | -21.5% |
| ROICReturn on invested capital | -31.3% | +10.3% | -9.0% | -8.7% |
| ROCEReturn on capital employed | -52.7% | +13.7% | -12.1% | -11.0% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 5 | 3 | 3 |
| Debt / EquityFinancial leverage | — | 0.38x | 1.05x | 0.10x |
| Net DebtTotal debt minus cash | $32M | $781M | $3.1B | $46M |
| Cash & Equiv.Liquid assets | $9M | $43M | $547M | $234M |
| Total DebtShort + long-term debt | $40M | $824M | $3.6B | $280M |
| Interest CoverageEBIT ÷ Interest expense | -5.72x | -18.49x | 4.73x | -16.47x |
Total Returns (Dividends Reinvested)
CLSK leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CLSK five years ago would be worth $7,306 today (with dividends reinvested), compared to $2,113 for ARBK. Over the past 12 months, ARBK leads with a +805.1% total return vs MARA's -4.7%. The 3-year compound annual growth rate (CAGR) favors CLSK at 48.8% vs MARA's 10.8% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -4.1% | +21.0% | +28.2% | +70.3% |
| 1-Year ReturnPast 12 months | +805.1% | +74.1% | -4.7% | +207.5% |
| 3-Year ReturnCumulative with dividends | +160.3% | +229.7% | +36.1% | +129.8% |
| 5-Year ReturnCumulative with dividends | -78.9% | -26.9% | -59.5% | -27.8% |
| 10-Year ReturnCumulative with dividends | -78.9% | -84.3% | -51.6% | +787.3% |
| CAGR (3Y)Annualised 3-year return | +37.6% | +48.8% | +10.8% | +32.0% |
Risk & Volatility
Evenly matched — ARBK and RIOT each lead in 1 of 2 comparable metrics.
Risk & Volatility
ARBK is the less volatile stock with a 2.72 beta — it tends to amplify market swings less than RIOT's 3.87 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. RIOT currently trades 99.9% from its 52-week high vs ARBK's 8.9% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 2.72x | 3.39x | 3.11x | 3.87x |
| 52-Week HighHighest price in past year | $39.96 | $23.61 | $23.45 | $24.14 |
| 52-Week LowLowest price in past year | $0.15 | $7.91 | $6.66 | $7.68 |
| % of 52W HighCurrent price vs 52-week peak | +8.9% | +59.2% | +54.2% | +99.9% |
| RSI (14)Momentum oscillator 0–100 | 62.0 | 71.5 | 69.6 | 74.5 |
| Avg Volume (50D)Average daily shares traded | 23K | 19.0M | 47.6M | 18.4M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: CLSK as "Buy", MARA as "Buy", RIOT as "Buy". Consensus price targets imply 44.6% upside for CLSK (target: $20) vs 15.7% for RIOT (target: $28). CLSK is the only dividend payer here at 0.24% yield — a key consideration for income-focused portfolios.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | — | $20.21 | $16.13 | $27.90 |
| # AnalystsCovering analysts | — | 10 | 19 | 18 |
| Dividend YieldAnnual dividend ÷ price | — | +0.2% | — | — |
| Dividend StreakConsecutive years of raises | — | 2 | — | 2 |
| Dividend / ShareAnnual DPS | — | $0.03 | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +4.1% | +1.0% | +0.0% |
CLSK leads in 3 of 6 categories — strongest in Income & Cash Flow and Profitability & Efficiency. 2 categories are tied.
ARBK vs CLSK vs MARA vs RIOT: Key Questions Answered
8 questions · data-driven answers · updated daily
01Is ARBK or CLSK or MARA or RIOT a better buy right now?
For growth investors, CleanSpark, Inc.
(CLSK) is the stronger pick with 102. 2% revenue growth year-over-year, versus -15. 9% for Argo Blockchain plc (ARBK). CleanSpark, Inc. (CLSK) offers the better valuation at 12. 5x trailing P/E, making it the more compelling value choice. Analysts rate CleanSpark, Inc. (CLSK) a "Buy" — based on 10 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — ARBK or CLSK or MARA or RIOT?
Over the past 5 years, CleanSpark, Inc.
(CLSK) delivered a total return of -26. 9%, compared to -78. 9% for Argo Blockchain plc (ARBK). Over 10 years, the gap is even starker: RIOT returned +787. 3% versus CLSK's -84. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — ARBK or CLSK or MARA or RIOT?
By beta (market sensitivity over 5 years), Argo Blockchain plc (ARBK) is the lower-risk stock at 2.
72β versus Riot Platforms, Inc. 's 3. 87β — meaning RIOT is approximately 42% more volatile than ARBK relative to the S&P 500. On balance sheet safety, Riot Platforms, Inc. (RIOT) carries a lower debt/equity ratio of 10% versus 105% for Marathon Digital Holdings, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — ARBK or CLSK or MARA or RIOT?
By revenue growth (latest reported year), CleanSpark, Inc.
(CLSK) is pulling ahead at 102. 2% versus -15. 9% for Argo Blockchain plc (ARBK). On earnings-per-share growth, the picture is similar: CleanSpark, Inc. grew EPS 262. 3% year-over-year, compared to -673. 5% for Riot Platforms, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — ARBK or CLSK or MARA or RIOT?
CleanSpark, Inc.
(CLSK) is the more profitable company, earning 47. 6% net margin versus -144. 6% for Marathon Digital Holdings, Inc. — meaning it keeps 47. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CLSK leads at 41. 6% versus -90. 6% for MARA. At the gross margin level — before operating expenses — CLSK leads at 41. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — ARBK or CLSK or MARA or RIOT?
In this comparison, CLSK (0.
2% yield) pays a dividend. ARBK, MARA, RIOT do not pay a meaningful dividend and should not be held primarily for income.
07Is ARBK or CLSK or MARA or RIOT better for a retirement portfolio?
For long-horizon retirement investors, Riot Platforms, Inc.
(RIOT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+787. 3% 10Y return). CleanSpark, Inc. (CLSK) carries a higher beta of 3. 39 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (RIOT: +787. 3%, CLSK: -84. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between ARBK and CLSK and MARA and RIOT?
These companies operate in different sectors (ARBK (Financial Services) and CLSK (Technology) and MARA (Financial Services) and RIOT (Financial Services)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: ARBK is a small-cap quality compounder stock; CLSK is a small-cap high-growth stock; MARA is a small-cap high-growth stock; RIOT is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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