CleanSpark, Inc. (CLSK) Financial Ratios
18 years of historical data (2008–2025) · Technology · Software - Application
EV/EBITDA
↓
6.73
↓-95% vs avg
5yr avg: 124.84
30Y Low8.1·High12.3
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↑
2.12
↑+100% vs avg
5yr avg: 1.06
30Y Low0.3·High38.1
ROE
↑
18.5%
↓+290% vs avg
5yr avg: -9.7%
30Y Low-474%·High19%
Debt/EBITDA
↓
1.24
↓-76% vs avg
5yr avg: 5.08
30Y Low1.2·High12.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CLSK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
CleanSpark, Inc. trades at 12.9x earnings, roughly in line with its 5-year average of 12.9x, sitting at the 0th percentile of its historical range. Compared to the Technology sector median P/E of 27.2x, the stock trades at a discount of 52%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.7B | $4.6B | $2.0B | $391M | $136M | $341M | $119M | $107M | $611M | $333M | $247M |
| Enterprise Value | $4.5B | $5.4B | $2.0B | $379M | $137M | $328M | $117M | $102M | $612M | $333M | $246M |
| P/E Ratio → | 12.95 | 12.95 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 4.84 | 6.01 | 5.34 | 2.32 | 1.03 | 8.69 | 11.90 | 23.50 | 1055.94 | 743.51 | 3007.26 |
| P/B Ratio | 2.12 | 2.12 | 1.15 | 0.58 | 0.34 | 1.12 | 7.26 | 5.64 | 38.05 | 16.37 | 7.55 |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | 1.84 | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
CLSK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
CleanSpark, Inc.'s enterprise value stands at 6.7x EBITDA, 95% below its 5-year average of 124.8x. The Technology sector median is 17.3x, placing the stock at a 61% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.03 | 5.20 | 2.25 | 1.04 | 8.35 | 11.64 | 22.46 | 1057.06 | 743.89 | 3001.97 |
| EV / EBITDA | 6.73 | 8.08 | 354.15 | — | 12.28 | — | — | — | — | — | — |
| EV / EBIT | 14.08 | 12.99 | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
CLSK Profitability
Margins and return-on-capital ratios measuring operating efficiency
CleanSpark, Inc. earns an operating margin of 41.6%. Operating margins have expanded from -77.8% to 41.6% over the past 3 years, signaling improving operational efficiency. ROE of 18.5% indicates solid capital efficiency. ROIC of 10.3% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 41.6% | 41.6% | 36.8% | 17.3% | 37.5% | 32.7% | 21.1% | 14.8% | 32.5% | 33.9% | 61.9% |
| Operating Margin | 41.6% | 41.6% | -39.3% | -77.8% | -28.8% | -30.3% | -151.0% | -366.5% | -1222.9% | -2986.5% | -3097.9% |
| Net Profit Margin | 47.6% | 47.6% | -38.5% | -82.0% | -43.6% | -55.5% | -232.8% | -576.2% | -8123.6% | -3013.3% | -3097.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.5% | 18.5% | -12.0% | -25.6% | -16.2% | -13.5% | -132.2% | -149.5% | -258.3% | -50.9% | -15.2% |
| ROA | 14.2% | 14.2% | -10.7% | -22.8% | -14.9% | -12.8% | -102.0% | -127.4% | -245.2% | -50.2% | -15.0% |
| ROIC | 10.3% | 10.3% | -9.4% | -18.4% | -8.1% | -5.8% | -81.0% | -80.7% | -28.5% | -38.0% | -11.6% |
| ROCE | 13.7% | 13.7% | -12.1% | -23.7% | -10.4% | -7.3% | -77.9% | -87.1% | -38.6% | -50.3% | -15.2% |
CLSK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
CleanSpark, Inc. carries a Debt/EBITDA ratio of 1.2x, which is manageable (57% below the sector average of 2.9x). Net debt stands at $781M ($824M total debt minus $43M cash). Interest coverage of 36.6x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.38 | 0.38 | 0.04 | 0.02 | 0.05 | 0.01 | 0.03 | 0.16 | 0.07 | 0.01 | 0.00 |
| Debt / EBITDA | 1.24 | 1.24 | 12.03 | — | 1.99 | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.36 | -0.03 | -0.02 | 0.00 | -0.04 | -0.16 | -0.25 | 0.04 | 0.01 | -0.01 |
| Net Debt / EBITDA | 1.17 | 1.17 | -9.75 | — | 0.16 | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | 36.60 | 36.60 | -57.02 | -43.11 | -36.19 | -55.47 | -1.17 | -1.75 | -49.85 | -4661.70 | -79391.56 |
CLSK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
CleanSpark, Inc.'s current ratio of 4.18x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.38x to 4.18x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.18 | 4.18 | 3.75 | 1.38 | 1.49 | 5.74 | 1.53 | 6.58 | 0.41 | 0.43 | 1.69 |
| Quick Ratio | 4.18 | 4.18 | 3.75 | 1.37 | 1.49 | 5.73 | 1.49 | 6.58 | 0.41 | 0.43 | 1.69 |
| Cash Ratio | 3.20 | 3.20 | 2.95 | 1.16 | 0.95 | 3.87 | 0.76 | 5.22 | 0.31 | 0.19 | 1.22 |
| Asset Turnover | — | 0.24 | 0.19 | 0.22 | 0.29 | 0.12 | 0.45 | 0.19 | 0.03 | 0.02 | 0.00 |
| Inventory Turnover | — | — | — | 172.18 | 380.34 | 331.35 | 31.95 | — | — | — | — |
| Days Sales Outstanding | — | 140.34 | 134.87 | 20.78 | 0.07 | 2.85 | 31.44 | 67.22 | 54.61 | 34.18 | 489.96 |
CLSK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
CleanSpark, Inc. returns 4.1% to shareholders annually — split between a 0.2% dividend yield and 3.9% buyback yield. The earnings yield of 7.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.2% | 0.2% | 0.2% | 0.0% | 0.2% | 0.1% | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.7% | 7.7% | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 3.9% | 3.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.1% | 3.4% | 0.2% | 0.0% | 0.2% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $318M | $217M | $103M | $43M | $29M | $10M | $4M | $3M | $3M | $2M |
Peer Comparison
Compare CLSK with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CLSKYou | $4B | 12.9 | 6.7 | — | 41.6% | 41.6% | 18.5% | 10.3% | 1.2 |
 MARA | $5B | -3.5 | — | — | -47.7% | -90.6% | -34.5% | -9.0% | — |
 RIOT | $9B | -12.1 | — | — | -15.6% | -61.8% | -22.1% | -8.7% | — |
 CIFR | $9B | -10.2 | 382.3 | — | -60.5% | -76.7% | -108.3% | -5.9% | 95.9 |
 IREN | $20B | 156.4 | 104.1 | — | 68.3% | 3.5% | 6.0% | 0.7% | 4.9 |
 HUT | $12B | -50.9 | — | — | 91.3% | -136.9% | -16.9% | -14.0% | — |
 BTBT | $622M | 9.7 | 9.0 | — | 61.9% | 16.8% | 9.2% | 6.5% | 0.2 |
 CORZ | $8B | -28.0 | — | — | 11.9% | -45.4% | — | — | — |
 BITF | $1B | -16.6 | 37.6 | — | -16.8% | -55.8% | -12.0% | -17.1% | 0.7 |
 WULF | $11B | -122.6 | — | — | 55.3% | -54.4% | -31.0% | -10.6% | — |
 NVDA | $5.0T | 42.4 | 37.9 | 52.2 | 71.1% | 60.4% | 101.5% | 81.8% | 0.1 |
| Technology Median | — | 27.2 | 17.3 | 19.8 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 18 years · Updated daily
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Start ComparisonCLSK — Frequently Asked Questions
Quick answers to the most common questions about buying CLSK stock.
What is CleanSpark, Inc.'s P/E ratio?
CleanSpark, Inc.'s current P/E ratio is 12.9x. The historical average is 12.9x.
What is CleanSpark, Inc.'s EV/EBITDA?
CleanSpark, Inc.'s current EV/EBITDA is 6.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.2x.
What is CleanSpark, Inc.'s ROE?
CleanSpark, Inc.'s return on equity (ROE) is 18.5%. The historical average is -95.3%.
Is CLSK stock overvalued?
Based on historical data, CleanSpark, Inc. is trading at a P/E of 12.9x. Compare with industry peers and growth rates for a complete picture.
What is CleanSpark, Inc.'s dividend yield?
CleanSpark, Inc.'s current dividend yield is 0.23%.
What are CleanSpark, Inc.'s profit margins?
CleanSpark, Inc. has 41.6% gross margin and 41.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does CleanSpark, Inc. have?
CleanSpark, Inc.'s Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.