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Side-by-side financial comparison of ALERUS FINANCIAL CORP (ALRS) and CBAK Energy Technology, Inc. (CBAT). Click either name above to swap in a different company.

CBAK Energy Technology, Inc. is the larger business by last-quarter revenue ($58.8M vs $45.2M, roughly 1.3× ALERUS FINANCIAL CORP). CBAK Energy Technology, Inc. runs the higher net margin — -12.5% vs -73.2%, a 60.6% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 18.0%). ALERUS FINANCIAL CORP produced more free cash flow last quarter ($58.8M vs $16.1M). Over the past eight quarters, CBAK Energy Technology, Inc.'s revenue compounded faster (-0.0% CAGR vs -2.5%).

Alerus Financial Corporation, marketed as simply Alerus, is a chain of financial institutions headquartered in Grand Forks, North Dakota, with locations in North Dakota, Minnesota, Wisconsin, and Arizona. Alerus offers banking, mortgage, wealth management, and retirement services.

CBAK Energy Technology, Inc. is a global supplier of lithium-ion battery products including high-performance cells, modules and battery packs. It serves key segments such as electric vehicles, stationary energy storage systems and consumer electronics, with core operations in China and a worldwide customer base.

ALRS vs CBAT — Head-to-Head

Bigger by revenue
CBAT
CBAT
1.3× larger
CBAT
$58.8M
$45.2M
ALRS
Growing faster (revenue YoY)
CBAT
CBAT
+113.8% gap
CBAT
131.8%
18.0%
ALRS
Higher net margin
CBAT
CBAT
60.6% more per $
CBAT
-12.5%
-73.2%
ALRS
More free cash flow
ALRS
ALRS
$42.8M more FCF
ALRS
$58.8M
$16.1M
CBAT
Faster 2-yr revenue CAGR
CBAT
CBAT
Annualised
CBAT
-0.0%
-2.5%
ALRS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALRS
ALRS
CBAT
CBAT
Revenue
$45.2M
$58.8M
Net Profit
$-33.1M
$-7.4M
Gross Margin
7.3%
Operating Margin
-96.0%
-13.6%
Net Margin
-73.2%
-12.5%
Revenue YoY
18.0%
131.8%
Net Profit YoY
-49232.8%
-63.6%
EPS (diluted)
$-1.27
$-0.08

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
ALRS
ALRS
CBAT
CBAT
Q4 25
$45.2M
$58.8M
Q3 25
$72.6M
$60.9M
Q2 25
$74.8M
$40.5M
Q1 25
$68.8M
$34.9M
Q4 24
$72.2M
$25.4M
Q3 24
$50.9M
$44.6M
Q2 24
$51.4M
$47.8M
Q1 24
$47.5M
$58.8M
Net Profit
ALRS
ALRS
CBAT
CBAT
Q4 25
$-33.1M
$-7.4M
Q3 25
$16.9M
$2.7M
Q2 25
$20.3M
$-3.1M
Q1 25
$13.3M
$-1.6M
Q4 24
$-67.0K
$-4.5M
Q3 24
$5.2M
$17.6K
Q2 24
$6.2M
$6.4M
Q1 24
$6.4M
$9.8M
Gross Margin
ALRS
ALRS
CBAT
CBAT
Q4 25
7.3%
Q3 25
8.0%
Q2 25
11.0%
Q1 25
13.7%
Q4 24
13.1%
Q3 24
15.6%
Q2 24
26.6%
Q1 24
31.9%
Operating Margin
ALRS
ALRS
CBAT
CBAT
Q4 25
-96.0%
-13.6%
Q3 25
30.4%
-6.6%
Q2 25
35.2%
-8.7%
Q1 25
25.5%
-8.2%
Q4 24
-0.8%
-26.0%
Q3 24
13.4%
-1.9%
Q2 24
15.8%
12.4%
Q1 24
17.9%
17.4%
Net Margin
ALRS
ALRS
CBAT
CBAT
Q4 25
-73.2%
-12.5%
Q3 25
23.3%
4.4%
Q2 25
27.1%
-7.6%
Q1 25
19.4%
-4.5%
Q4 24
-0.2%
-17.8%
Q3 24
10.2%
0.0%
Q2 24
12.1%
13.5%
Q1 24
13.5%
16.7%
EPS (diluted)
ALRS
ALRS
CBAT
CBAT
Q4 25
$-1.27
$-0.08
Q3 25
$0.65
$0.03
Q2 25
$0.78
$-0.03
Q1 25
$0.52
$-0.02
Q4 24
$-0.06
$-0.05
Q3 24
$0.26
$0.00
Q2 24
$0.31
$0.07
Q1 24
$0.32
$0.11

Balance Sheet & Financial Strength

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

Metric
ALRS
ALRS
CBAT
CBAT
Cash + ST InvestmentsLiquidity on hand
$67.2M
$8.3M
Total DebtLower is stronger
$59.2M
$4.1M
Stockholders' EquityBook value
$564.9M
$112.7M
Total Assets
$5.2B
$426.2M
Debt / EquityLower = less leverage
0.10×
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALRS
ALRS
CBAT
CBAT
Q4 25
$67.2M
$8.3M
Q3 25
$92.0M
$10.5M
Q2 25
$80.9M
$45.7M
Q1 25
$83.0M
$9.6M
Q4 24
$61.2M
$11.0M
Q3 24
$66.0M
$24.2M
Q2 24
$438.1M
$44.1M
Q1 24
$545.8M
$23.8M
Total Debt
ALRS
ALRS
CBAT
CBAT
Q4 25
$59.2M
$4.1M
Q3 25
$59.2M
$4.8M
Q2 25
$59.1M
$4.9M
Q1 25
$59.1M
$4.1M
Q4 24
$59.1M
Q3 24
$59.0M
Q2 24
$59.0M
Q1 24
$59.0M
Stockholders' Equity
ALRS
ALRS
CBAT
CBAT
Q4 25
$564.9M
$112.7M
Q3 25
$550.7M
$121.4M
Q2 25
$533.2M
$118.2M
Q1 25
$514.2M
$120.8M
Q4 24
$495.4M
$121.7M
Q3 24
$386.5M
$131.2M
Q2 24
$373.2M
$126.6M
Q1 24
$371.6M
$120.9M
Total Assets
ALRS
ALRS
CBAT
CBAT
Q4 25
$5.2B
$426.2M
Q3 25
$5.3B
$363.9M
Q2 25
$5.3B
$333.1M
Q1 25
$5.3B
$311.5M
Q4 24
$5.3B
$302.2M
Q3 24
$4.4B
$293.5M
Q2 24
$4.4B
$279.6M
Q1 24
$4.3B
$286.5M
Debt / Equity
ALRS
ALRS
CBAT
CBAT
Q4 25
0.10×
0.04×
Q3 25
0.11×
0.04×
Q2 25
0.11×
0.04×
Q1 25
0.11×
0.03×
Q4 24
0.12×
Q3 24
0.15×
Q2 24
0.16×
Q1 24
0.16×

Cash Flow & Capital Efficiency

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

Metric
ALRS
ALRS
CBAT
CBAT
Operating Cash FlowLast quarter
$67.5M
$29.8M
Free Cash FlowOCF − Capex
$58.8M
$16.1M
FCF MarginFCF / Revenue
130.2%
27.3%
Capex IntensityCapex / Revenue
19.3%
23.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$102.4M
$3.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALRS
ALRS
CBAT
CBAT
Q4 25
$67.5M
$29.8M
Q3 25
$32.8M
$14.6M
Q2 25
$10.7M
$13.8M
Q1 25
$7.7M
$-9.6M
Q4 24
$21.7M
$9.6M
Q3 24
$20.2M
$19.7M
Q2 24
$-12.5M
$2.9M
Q1 24
$11.7M
$7.4M
Free Cash Flow
ALRS
ALRS
CBAT
CBAT
Q4 25
$58.8M
$16.1M
Q3 25
$30.3M
$6.0M
Q2 25
$7.6M
$4.1M
Q1 25
$5.7M
$-22.3M
Q4 24
$9.4M
$3.9M
Q3 24
$17.4M
$16.5M
Q2 24
$-16.1M
$2.5M
Q1 24
$10.8M
$-454.0K
FCF Margin
ALRS
ALRS
CBAT
CBAT
Q4 25
130.2%
27.3%
Q3 25
41.8%
9.9%
Q2 25
10.1%
10.2%
Q1 25
8.2%
-63.9%
Q4 24
13.0%
15.5%
Q3 24
34.2%
37.1%
Q2 24
-31.4%
5.2%
Q1 24
22.8%
-0.8%
Capex Intensity
ALRS
ALRS
CBAT
CBAT
Q4 25
19.3%
23.4%
Q3 25
3.4%
14.1%
Q2 25
4.2%
23.8%
Q1 25
3.0%
36.3%
Q4 24
17.1%
22.5%
Q3 24
5.4%
7.0%
Q2 24
7.2%
0.9%
Q1 24
1.9%
13.4%
Cash Conversion
ALRS
ALRS
CBAT
CBAT
Q4 25
Q3 25
1.94×
5.51×
Q2 25
0.53×
Q1 25
0.58×
Q4 24
Q3 24
3.88×
1115.72×
Q2 24
-2.01×
0.46×
Q1 24
1.82×
0.76×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ALRS
ALRS

Other$17.3M38%
Retirement And Benefit Services$17.3M38%
Wealth Management$7.4M16%
Mortgage Banking$3.2M7%

CBAT
CBAT

Manufacturing Lithium Batteries$28.0M48%
Residential Energy Supply And Uninterruptable Supplies$17.8M30%
Light Electric Vehicles$12.9M22%
Precursor$108.0K0%

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