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Side-by-side financial comparison of AMERICAN BATTERY TECHNOLOGY Co (ABAT) and TOP Financial Group Ltd (TOP). Click either name above to swap in a different company.

AMERICAN BATTERY TECHNOLOGY Co is the larger business by last-quarter revenue ($4.8M vs $2.9M, roughly 1.7× TOP Financial Group Ltd). TOP Financial Group Ltd runs the higher net margin — 6.6% vs -195.0%, a 201.6% gap on every dollar of revenue.

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.

Sun Life Financial Inc. is a Canadian financial services company headquartered in Toronto, Ontario. Founded in 1865, it operates internationally in life insurance, wealth management, and asset management. As of 2024, the company manages over CAD$1.3 trillion in assets and serves clients in Canada, the United States, Asia, and other markets.

ABAT vs TOP — Head-to-Head

Bigger by revenue
ABAT
ABAT
1.7× larger
ABAT
$4.8M
$2.9M
TOP
Higher net margin
TOP
TOP
201.6% more per $
TOP
6.6%
-195.0%
ABAT

Income Statement — Q2 FY2026 vs Q2 FY2026

Metric
ABAT
ABAT
TOP
TOP
Revenue
$4.8M
$2.9M
Net Profit
$-9.3M
$190.5K
Gross Margin
-33.6%
Operating Margin
-207.5%
Net Margin
-195.0%
6.6%
Revenue YoY
1331.8%
Net Profit YoY
30.7%
EPS (diluted)
$-0.07

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.

Revenue
ABAT
ABAT
TOP
TOP
Q4 25
$4.8M
Q3 25
$937.6K
$2.9M
Q2 25
$2.8M
Q1 25
$980.0K
Net Profit
ABAT
ABAT
TOP
TOP
Q4 25
$-9.3M
Q3 25
$-10.3M
$190.5K
Q2 25
$-10.2M
Q1 25
$-11.5M
Gross Margin
ABAT
ABAT
TOP
TOP
Q4 25
-33.6%
Q3 25
-375.1%
Q2 25
-92.6%
Q1 25
-274.5%
Operating Margin
ABAT
ABAT
TOP
TOP
Q4 25
-207.5%
Q3 25
-1080.8%
Q2 25
-280.1%
Q1 25
-1086.3%
Net Margin
ABAT
ABAT
TOP
TOP
Q4 25
-195.0%
Q3 25
-1098.5%
6.6%
Q2 25
-366.4%
Q1 25
-1173.1%
EPS (diluted)
ABAT
ABAT
TOP
TOP
Q4 25
$-0.07
Q3 25
$-0.09
Q2 25
$-0.09
Q1 25
$-0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ABAT
ABAT
TOP
TOP
Cash + ST InvestmentsLiquidity on hand
$47.9M
$14.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$119.0M
$35.0M
Total Assets
$123.3M
$64.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABAT
ABAT
TOP
TOP
Q4 25
$47.9M
Q3 25
$30.9M
$14.8M
Q2 25
$7.5M
Q1 25
$7.8M
Stockholders' Equity
ABAT
ABAT
TOP
TOP
Q4 25
$119.0M
Q3 25
$96.0M
$35.0M
Q2 25
$70.6M
Q1 25
$65.6M
Total Assets
ABAT
ABAT
TOP
TOP
Q4 25
$123.3M
Q3 25
$101.5M
$64.1M
Q2 25
$84.5M
Q1 25
$76.5M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABAT
ABAT
TOP
TOP
Operating Cash FlowLast quarter
$-9.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABAT
ABAT
TOP
TOP
Q4 25
$-9.8M
Q3 25
$-7.1M
Q2 25
Q1 25
$-10.3M

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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