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Side-by-side financial comparison of AEMETIS, INC (AMTX) 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 $43.3M, roughly 1.4× AEMETIS, INC). On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs -7.9%). CBAK Energy Technology, Inc. produced more free cash flow last quarter ($16.1M vs $-10.8M). Over the past eight quarters, CBAK Energy Technology, Inc.'s revenue compounded faster (-0.0% CAGR vs -22.8%).
Aemetis, Inc. is a renewable fuels and sustainable biochemicals producer operating across North America and India. Its core products include low-carbon ethanol, renewable natural gas and biodiesel, serving transportation, industrial and agricultural sectors with decarbonization solutions for commercial clients.
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.
AMTX vs CBAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.3M | $58.8M |
| Net Profit | — | $-7.4M |
| Gross Margin | 17.8% | 7.3% |
| Operating Margin | -5.7% | -13.6% |
| Net Margin | — | -12.5% |
| Revenue YoY | -7.9% | 131.8% |
| Net Profit YoY | — | -63.6% |
| EPS (diluted) | $-0.03 | $-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 | $43.3M | $58.8M | ||
| Q3 25 | $59.2M | $60.9M | ||
| Q2 25 | $52.2M | $40.5M | ||
| Q1 25 | $42.9M | $34.9M | ||
| Q4 24 | $47.0M | $25.4M | ||
| Q3 24 | $81.4M | $44.6M | ||
| Q2 24 | $66.6M | $47.8M | ||
| Q1 24 | $72.6M | $58.8M |
| Q4 25 | — | $-7.4M | ||
| Q3 25 | $-23.7M | $2.7M | ||
| Q2 25 | $-23.4M | $-3.1M | ||
| Q1 25 | $-24.5M | $-1.6M | ||
| Q4 24 | — | $-4.5M | ||
| Q3 24 | $-17.9M | $17.6K | ||
| Q2 24 | $-29.2M | $6.4M | ||
| Q1 24 | $-24.2M | $9.8M |
| Q4 25 | 17.8% | 7.3% | ||
| Q3 25 | -0.1% | 8.0% | ||
| Q2 25 | -6.4% | 11.0% | ||
| Q1 25 | -11.8% | 13.7% | ||
| Q4 24 | -4.3% | 13.1% | ||
| Q3 24 | 4.8% | 15.6% | ||
| Q2 24 | -2.7% | 26.6% | ||
| Q1 24 | -0.8% | 31.9% |
| Q4 25 | -5.7% | -13.6% | ||
| Q3 25 | -14.4% | -6.6% | ||
| Q2 25 | -20.4% | -8.7% | ||
| Q1 25 | -36.3% | -8.2% | ||
| Q4 24 | -28.7% | -26.0% | ||
| Q3 24 | -4.8% | -1.9% | ||
| Q2 24 | -20.4% | 12.4% | ||
| Q1 24 | -13.0% | 17.4% |
| Q4 25 | — | -12.5% | ||
| Q3 25 | -40.1% | 4.4% | ||
| Q2 25 | -44.8% | -7.6% | ||
| Q1 25 | -57.2% | -4.5% | ||
| Q4 24 | — | -17.8% | ||
| Q3 24 | -22.0% | 0.0% | ||
| Q2 24 | -43.8% | 13.5% | ||
| Q1 24 | -33.4% | 16.7% |
| Q4 25 | $-0.03 | $-0.08 | ||
| Q3 25 | $-0.37 | $0.03 | ||
| Q2 25 | $-0.41 | $-0.03 | ||
| Q1 25 | $-0.47 | $-0.02 | ||
| Q4 24 | $-0.29 | $-0.05 | ||
| Q3 24 | $-0.38 | $0.00 | ||
| Q2 24 | $-0.66 | $0.07 | ||
| Q1 24 | $-0.58 | $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 | $4.9M | $8.3M |
| Total DebtLower is stronger | — | $4.1M |
| Stockholders' EquityBook value | $-306.8M | $112.7M |
| Total Assets | $259.8M | $426.2M |
| Debt / EquityLower = less leverage | — | 0.04× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $8.3M | ||
| Q3 25 | $5.6M | $10.5M | ||
| Q2 25 | $1.6M | $45.7M | ||
| Q1 25 | $499.0K | $9.6M | ||
| Q4 24 | $898.0K | $11.0M | ||
| Q3 24 | $296.0K | $24.2M | ||
| Q2 24 | $234.0K | $44.1M | ||
| Q1 24 | $1.6M | $23.8M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $4.8M | ||
| Q2 25 | — | $4.9M | ||
| Q1 25 | — | $4.1M | ||
| Q4 24 | $338.1M | — | ||
| Q3 24 | $322.2M | — | ||
| Q2 24 | $309.0M | — | ||
| Q1 24 | $307.2M | — |
| Q4 25 | $-306.8M | $112.7M | ||
| Q3 25 | $-304.9M | $121.4M | ||
| Q2 25 | $-289.3M | $118.2M | ||
| Q1 25 | $-280.7M | $120.8M | ||
| Q4 24 | $-263.9M | $121.7M | ||
| Q3 24 | $-258.9M | $131.2M | ||
| Q2 24 | $-249.0M | $126.6M | ||
| Q1 24 | $-232.1M | $120.9M |
| Q4 25 | $259.8M | $426.2M | ||
| Q3 25 | $241.1M | $363.9M | ||
| Q2 25 | $240.0M | $333.1M | ||
| Q1 25 | $242.5M | $311.5M | ||
| Q4 24 | $259.3M | $302.2M | ||
| Q3 24 | $259.3M | $293.5M | ||
| Q2 24 | $259.3M | $279.6M | ||
| Q1 24 | $259.3M | $286.5M |
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | — | 0.04× | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | — | — | ||
| 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 | $5.8M | $29.8M |
| Free Cash FlowOCF − Capex | $-10.8M | $16.1M |
| FCF MarginFCF / Revenue | -24.9% | 27.3% |
| Capex IntensityCapex / Revenue | 38.2% | 23.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-22.7M | $3.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.8M | $29.8M | ||
| Q3 25 | $3.1M | $14.6M | ||
| Q2 25 | $-5.7M | $13.8M | ||
| Q1 25 | $160.0K | $-9.6M | ||
| Q4 24 | $-12.6M | $9.6M | ||
| Q3 24 | $-5.0M | $19.7M | ||
| Q2 24 | $-5.1M | $2.9M | ||
| Q1 24 | $-10.3M | $7.4M |
| Q4 25 | $-10.8M | $16.1M | ||
| Q3 25 | $-1.0M | $6.0M | ||
| Q2 25 | $-9.3M | $4.1M | ||
| Q1 25 | $-1.7M | $-22.3M | ||
| Q4 24 | $-19.4M | $3.9M | ||
| Q3 24 | $-9.5M | $16.5M | ||
| Q2 24 | $-10.5M | $2.5M | ||
| Q1 24 | $-13.9M | $-454.0K |
| Q4 25 | -24.9% | 27.3% | ||
| Q3 25 | -1.7% | 9.9% | ||
| Q2 25 | -17.7% | 10.2% | ||
| Q1 25 | -3.9% | -63.9% | ||
| Q4 24 | -41.2% | 15.5% | ||
| Q3 24 | -11.6% | 37.1% | ||
| Q2 24 | -15.8% | 5.2% | ||
| Q1 24 | -19.1% | -0.8% |
| Q4 25 | 38.2% | 23.4% | ||
| Q3 25 | 6.9% | 14.1% | ||
| Q2 25 | 6.7% | 23.8% | ||
| Q1 25 | 4.3% | 36.3% | ||
| Q4 24 | 14.4% | 22.5% | ||
| Q3 24 | 5.5% | 7.0% | ||
| Q2 24 | 8.1% | 0.9% | ||
| Q1 24 | 4.9% | 13.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | 5.51× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1115.72× | ||
| Q2 24 | — | 0.46× | ||
| Q1 24 | — | 0.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMTX
| Ethanol Sales | $28.8M | 66% |
| Wet Distillers Grains | $6.8M | 16% |
| California Dairy Renewable Natural Gas | $5.2M | 12% |
| Other | $1.8M | 4% |
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% |
