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Side-by-side financial comparison of AlTi Global, Inc. (ALTI) and CBAK Energy Technology, Inc. (CBAT). Click either name above to swap in a different company.
AlTi Global, Inc. is the larger business by last-quarter revenue ($86.6M vs $58.8M, roughly 1.5× CBAK Energy Technology, Inc.). CBAK Energy Technology, Inc. runs the higher net margin — -12.5% vs -15.1%, a 2.6% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 87.0%). CBAK Energy Technology, Inc. produced more free cash flow last quarter ($16.1M vs $-52.2M). Over the past eight quarters, AlTi Global, Inc.'s revenue compounded faster (30.6% CAGR vs -0.0%).
Cristal Global is the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. It was formed when The National Titanium Dioxide Company Ltd. combined with Millennium Chemicals. The headquarters are in Jeddah, Saudi Arabia. It is a significant shareholder in Bemax, the world’s 5th largest TiO2 feedstock producer.
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.
ALTI vs CBAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.6M | $58.8M |
| Net Profit | $-13.1M | $-7.4M |
| Gross Margin | — | 7.3% |
| Operating Margin | -2.1% | -13.6% |
| Net Margin | -15.1% | -12.5% |
| Revenue YoY | 87.0% | 131.8% |
| Net Profit YoY | 75.6% | -63.6% |
| EPS (diluted) | — | $-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.
| Q4 25 | $86.6M | $58.8M | ||
| Q3 25 | $57.2M | $60.9M | ||
| Q2 25 | $53.1M | $40.5M | ||
| Q1 25 | $58.0M | $34.9M | ||
| Q4 24 | $46.3M | $25.4M | ||
| Q3 24 | $51.8M | $44.6M | ||
| Q2 24 | $49.5M | $47.8M | ||
| Q1 24 | $50.8M | $58.8M |
| Q4 25 | $-13.1M | $-7.4M | ||
| Q3 25 | $-84.1M | $2.7M | ||
| Q2 25 | $-24.4M | $-3.1M | ||
| Q1 25 | $1.9M | $-1.6M | ||
| Q4 24 | $-53.8M | $-4.5M | ||
| Q3 24 | $-72.5M | $17.6K | ||
| Q2 24 | $-6.4M | $6.4M | ||
| Q1 24 | $29.7M | $9.8M |
| 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% |
| Q4 25 | -2.1% | -13.6% | ||
| Q3 25 | -49.8% | -6.6% | ||
| Q2 25 | -56.7% | -8.7% | ||
| Q1 25 | -23.3% | -8.2% | ||
| Q4 24 | -42.7% | -26.0% | ||
| Q3 24 | -18.4% | -1.9% | ||
| Q2 24 | -30.2% | 12.4% | ||
| Q1 24 | -28.9% | 17.4% |
| Q4 25 | -15.1% | -12.5% | ||
| Q3 25 | -147.0% | 4.4% | ||
| Q2 25 | -45.9% | -7.6% | ||
| Q1 25 | 3.3% | -4.5% | ||
| Q4 24 | -116.1% | -17.8% | ||
| Q3 24 | -140.0% | 0.0% | ||
| Q2 24 | -12.9% | 13.5% | ||
| Q1 24 | 58.4% | 16.7% |
| Q4 25 | — | $-0.08 | ||
| Q3 25 | — | $0.03 | ||
| Q2 25 | $-0.33 | $-0.03 | ||
| Q1 25 | $-0.04 | $-0.02 | ||
| Q4 24 | $-0.71 | $-0.05 | ||
| Q3 24 | $-0.88 | $0.00 | ||
| Q2 24 | $-0.18 | $0.07 | ||
| Q1 24 | $0.18 | $0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.2M | $8.3M |
| Total DebtLower is stronger | $883.0K | $4.1M |
| Stockholders' EquityBook value | $600.1M | $112.7M |
| Total Assets | $1.2B | $426.2M |
| Debt / EquityLower = less leverage | 0.00× | 0.04× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $41.2M | $8.3M | ||
| Q3 25 | $35.8M | $10.5M | ||
| Q2 25 | $42.4M | $45.7M | ||
| Q1 25 | $52.8M | $9.6M | ||
| Q4 24 | $64.4M | $11.0M | ||
| Q3 24 | $220.6M | $24.2M | ||
| Q2 24 | $60.0M | $44.1M | ||
| Q1 24 | $134.2M | $23.8M |
| Q4 25 | $883.0K | $4.1M | ||
| Q3 25 | $586.0K | $4.8M | ||
| Q2 25 | $673.0K | $4.9M | ||
| Q1 25 | — | $4.1M | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $128.4M | — | ||
| Q2 24 | $164.0M | — | ||
| Q1 24 | $183.7M | — |
| Q4 25 | $600.1M | $112.7M | ||
| Q3 25 | $607.2M | $121.4M | ||
| Q2 25 | $685.4M | $118.2M | ||
| Q1 25 | $665.2M | $120.8M | ||
| Q4 24 | $658.4M | $121.7M | ||
| Q3 24 | $707.0M | $131.2M | ||
| Q2 24 | $540.2M | $126.6M | ||
| Q1 24 | $510.9M | $120.9M |
| Q4 25 | $1.2B | $426.2M | ||
| Q3 25 | $1.2B | $363.9M | ||
| Q2 25 | $1.2B | $333.1M | ||
| Q1 25 | $1.2B | $311.5M | ||
| Q4 24 | $1.3B | $302.2M | ||
| Q3 24 | $1.4B | $293.5M | ||
| Q2 24 | $1.3B | $279.6M | ||
| Q1 24 | $1.3B | $286.5M |
| Q4 25 | 0.00× | 0.04× | ||
| Q3 25 | 0.00× | 0.04× | ||
| Q2 25 | 0.00× | 0.04× | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.18× | — | ||
| Q2 24 | 0.30× | — | ||
| Q1 24 | 0.36× | — |
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 | $-51.4M | $29.8M |
| Free Cash FlowOCF − Capex | $-52.2M | $16.1M |
| FCF MarginFCF / Revenue | -60.3% | 27.3% |
| Capex IntensityCapex / Revenue | 0.9% | 23.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-51.4M | $29.8M | ||
| Q3 25 | $-53.5M | $14.6M | ||
| Q2 25 | $-19.9M | $13.8M | ||
| Q1 25 | $-30.2M | $-9.6M | ||
| Q4 24 | $-50.7M | $9.6M | ||
| Q3 24 | $-4.9M | $19.7M | ||
| Q2 24 | $-30.2M | $2.9M | ||
| Q1 24 | $-15.5M | $7.4M |
| Q4 25 | $-52.2M | $16.1M | ||
| Q3 25 | — | $6.0M | ||
| Q2 25 | $-20.0M | $4.1M | ||
| Q1 25 | $-31.0M | $-22.3M | ||
| Q4 24 | $-58.2M | $3.9M | ||
| Q3 24 | $-9.4M | $16.5M | ||
| Q2 24 | $-31.2M | $2.5M | ||
| Q1 24 | $-15.7M | $-454.0K |
| Q4 25 | -60.3% | 27.3% | ||
| Q3 25 | — | 9.9% | ||
| Q2 25 | -37.6% | 10.2% | ||
| Q1 25 | -53.4% | -63.9% | ||
| Q4 24 | -125.7% | 15.5% | ||
| Q3 24 | -18.2% | 37.1% | ||
| Q2 24 | -63.2% | 5.2% | ||
| Q1 24 | -30.9% | -0.8% |
| Q4 25 | 0.9% | 23.4% | ||
| Q3 25 | 0.0% | 14.1% | ||
| Q2 25 | 0.0% | 23.8% | ||
| Q1 25 | 1.3% | 36.3% | ||
| Q4 24 | 16.3% | 22.5% | ||
| Q3 24 | 8.7% | 7.0% | ||
| Q2 24 | 2.2% | 0.9% | ||
| Q1 24 | 0.4% | 13.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.51× | ||
| Q2 25 | — | — | ||
| Q1 25 | -15.80× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1115.72× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | -0.52× | 0.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALTI
| Management Advisory Fees | $51.1M | 59% |
| Other | $32.7M | 38% |
| Distributions From Investments | $2.9M | 3% |
CBAT
| Manufacturing Lithium Batteries | $28.0M | 48% |
| Residential Energy Supply And Uninterruptable Supplies | $17.8M | 30% |
| Light Electric Vehicles | $12.9M | 22% |
| Precursor | $108.0K | 0% |
