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Side-by-side financial comparison of AMERICAN BATTERY TECHNOLOGY Co (ABAT) and Chevron Corporation (CVX). Click either name above to swap in a different company.
Chevron Corporation is the larger business by last-quarter revenue ($45.8B vs $4.8M, roughly 9619.5× AMERICAN BATTERY TECHNOLOGY Co). Chevron Corporation runs the higher net margin — 6.0% vs -195.0%, a 201.0% gap on every dollar of revenue. On growth, AMERICAN BATTERY TECHNOLOGY Co posted the faster year-over-year revenue change (1331.8% vs -5.3%).
American Battery Technology Company, formerly American Battery Metals Corporation, is a US-based battery recycling technology startup founded in 2011. It employs a hydrometallurgical process to recycle batteries and a targeted extraction system to extract raw materials from primary resources.
Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California, it is active in more than 180 countries.
ABAT vs CVX — Head-to-Head
Income Statement — Q2 2026 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $4.8M | $45.8B |
| Net Profit | $-9.3M | $2.8B |
| Gross Margin | -33.6% | 44.6% |
| Operating Margin | -207.5% | 10.0% |
| Net Margin | -195.0% | 6.0% |
| Revenue YoY | 1331.8% | -5.3% |
| Net Profit YoY | 30.7% | -14.5% |
| EPS (diluted) | $-0.07 | $1.36 |
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 | $4.8M | $45.8B | ||
| Q3 25 | $937.6K | $48.2B | ||
| Q2 25 | $2.8M | $44.4B | ||
| Q1 25 | $980.0K | $46.1B | ||
| Q4 24 | $332.4K | $48.3B | ||
| Q3 24 | $202.0K | $48.9B | ||
| Q2 24 | — | $49.6B | ||
| Q1 24 | — | $46.6B |
| Q4 25 | $-9.3M | $2.8B | ||
| Q3 25 | $-10.3M | $3.5B | ||
| Q2 25 | $-10.2M | $2.5B | ||
| Q1 25 | $-11.5M | $3.5B | ||
| Q4 24 | $-13.4M | $3.2B | ||
| Q3 24 | $-11.7M | $4.5B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $5.5B |
| Q4 25 | -33.6% | 44.6% | ||
| Q3 25 | -375.1% | 43.1% | ||
| Q2 25 | -92.6% | 39.5% | ||
| Q1 25 | -274.5% | 37.9% | ||
| Q4 24 | -894.4% | 37.6% | ||
| Q3 24 | -1159.0% | 37.8% | ||
| Q2 24 | — | 37.7% | ||
| Q1 24 | — | 40.4% |
| Q4 25 | -207.5% | 10.0% | ||
| Q3 25 | -1080.8% | 11.2% | ||
| Q2 25 | -280.1% | 9.3% | ||
| Q1 25 | -1086.3% | 12.1% | ||
| Q4 24 | -4151.4% | 12.5% | ||
| Q3 24 | -4854.0% | 13.3% | ||
| Q2 24 | — | 14.2% | ||
| Q1 24 | — | 17.0% |
| Q4 25 | -195.0% | 6.0% | ||
| Q3 25 | -1098.5% | 7.3% | ||
| Q2 25 | -366.4% | 5.6% | ||
| Q1 25 | -1173.1% | 7.6% | ||
| Q4 24 | -4031.0% | 6.7% | ||
| Q3 24 | -5790.5% | 9.2% | ||
| Q2 24 | — | 8.9% | ||
| Q1 24 | — | 11.8% |
| Q4 25 | $-0.07 | $1.36 | ||
| Q3 25 | $-0.09 | $1.82 | ||
| Q2 25 | $-0.09 | $1.45 | ||
| Q1 25 | $-0.14 | $2.00 | ||
| Q4 24 | $-0.18 | $1.84 | ||
| Q3 24 | $-0.17 | $2.48 | ||
| Q2 24 | — | $2.43 | ||
| Q1 24 | — | $2.97 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $47.9M | — |
| Total DebtLower is stronger | — | $39.8B |
| Stockholders' EquityBook value | $119.0M | $186.4B |
| Total Assets | $123.3M | $324.0B |
| Debt / EquityLower = less leverage | — | 0.21× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $47.9M | — | ||
| Q3 25 | $30.9M | — | ||
| Q2 25 | $7.5M | — | ||
| Q1 25 | $7.8M | — | ||
| Q4 24 | $20.6M | — | ||
| Q3 24 | $5.8M | — | ||
| Q2 24 | — | $4.0B | ||
| Q1 24 | — | $6.3B |
| Q4 25 | — | $39.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $20.1B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $119.0M | $186.4B | ||
| Q3 25 | $96.0M | $189.8B | ||
| Q2 25 | $70.6M | $146.4B | ||
| Q1 25 | $65.6M | $149.2B | ||
| Q4 24 | $70.6M | $152.3B | ||
| Q3 24 | $59.3M | $156.2B | ||
| Q2 24 | — | $159.2B | ||
| Q1 24 | — | $160.6B |
| Q4 25 | $123.3M | $324.0B | ||
| Q3 25 | $101.5M | $326.5B | ||
| Q2 25 | $84.5M | $250.8B | ||
| Q1 25 | $76.5M | $256.4B | ||
| Q4 24 | $88.3M | $256.9B | ||
| Q3 24 | $73.8M | $259.2B | ||
| Q2 24 | — | $260.6B | ||
| Q1 24 | — | $261.7B |
| Q4 25 | — | 0.21× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.13× | ||
| 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 | $-9.8M | $10.8B |
| Free Cash FlowOCF − Capex | — | $5.5B |
| FCF MarginFCF / Revenue | — | 12.1% |
| Capex IntensityCapex / Revenue | — | 11.5% |
| Cash ConversionOCF / Net Profit | — | 3.89× |
| TTM Free Cash FlowTrailing 4 quarters | — | $16.6B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-9.8M | $10.8B | ||
| Q3 25 | $-7.1M | $9.4B | ||
| Q2 25 | — | $8.6B | ||
| Q1 25 | $-10.3M | $5.2B | ||
| Q4 24 | $-7.3M | $8.7B | ||
| Q3 24 | $-5.6M | $9.7B | ||
| Q2 24 | — | $6.3B | ||
| Q1 24 | — | $6.8B |
| Q4 25 | — | $5.5B | ||
| Q3 25 | — | $4.9B | ||
| Q2 25 | — | $4.9B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $4.4B | ||
| Q3 24 | — | $5.6B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $2.7B |
| Q4 25 | — | 12.1% | ||
| Q3 25 | — | 10.3% | ||
| Q2 25 | — | 11.0% | ||
| Q1 25 | — | 2.7% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | — | 11.5% | ||
| Q2 24 | — | 4.7% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | — | 11.5% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | — | 8.5% | ||
| Q4 24 | — | 9.0% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 8.0% | ||
| Q1 24 | — | 8.8% |
| Q4 25 | — | 3.89× | ||
| Q3 25 | — | 2.65× | ||
| Q2 25 | — | 3.44× | ||
| Q1 25 | — | 1.48× | ||
| Q4 24 | — | 2.68× | ||
| Q3 24 | — | 2.16× | ||
| Q2 24 | — | 1.42× | ||
| Q1 24 | — | 1.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ABAT
Segment breakdown not available.
CVX
| Other | $17.5B | 38% |
| Downstream Segment | $16.8B | 37% |
| Upstream Segment | $11.5B | 25% |
