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Side-by-side financial comparison of Apollo Commercial Real Estate Finance, Inc. (ARI) and CBAK Energy Technology, Inc. (CBAT). Click either name above to swap in a different company.
Apollo Commercial Real Estate Finance, Inc. is the larger business by last-quarter revenue ($73.3M vs $58.8M, roughly 1.2× CBAK Energy Technology, Inc.). Apollo Commercial Real Estate Finance, Inc. runs the higher net margin — 39.9% vs -12.5%, a 52.4% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 4.0%). Over the past eight quarters, CBAK Energy Technology, Inc.'s revenue compounded faster (-0.0% CAGR vs -4.6%).
Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust that originates, acquires and manages commercial real estate debt assets including mortgages, mezzanine loans and mortgage-backed securities, primarily operating in the U.S. market to deliver consistent risk-adjusted returns.
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.
ARI vs CBAT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $73.3M | $58.8M |
| Net Profit | $29.2M | $-7.4M |
| Gross Margin | — | 7.3% |
| Operating Margin | 39.7% | -13.6% |
| Net Margin | 39.9% | -12.5% |
| Revenue YoY | 4.0% | 131.8% |
| Net Profit YoY | -28.2% | -63.6% |
| EPS (diluted) | $0.19 | $-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 | $73.3M | $58.8M | ||
| Q3 25 | $61.6M | $60.9M | ||
| Q2 25 | $70.9M | $40.5M | ||
| Q1 25 | $65.8M | $34.9M | ||
| Q4 24 | $70.5M | $25.4M | ||
| Q3 24 | $71.6M | $44.6M | ||
| Q2 24 | $81.1M | $47.8M | ||
| Q1 24 | $80.5M | $58.8M |
| Q4 25 | $29.2M | $-7.4M | ||
| Q3 25 | $50.8M | $2.7M | ||
| Q2 25 | $20.7M | $-3.1M | ||
| Q1 25 | $26.0M | $-1.6M | ||
| Q4 24 | $40.7M | $-4.5M | ||
| Q3 24 | $-91.5M | $17.6K | ||
| Q2 24 | $35.8M | $6.4M | ||
| Q1 24 | $-104.5M | $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 | 39.7% | -13.6% | ||
| Q3 25 | 82.8% | -6.6% | ||
| Q2 25 | 29.4% | -8.7% | ||
| Q1 25 | 39.7% | -8.2% | ||
| Q4 24 | 57.9% | -26.0% | ||
| Q3 24 | -127.8% | -1.9% | ||
| Q2 24 | 44.2% | 12.4% | ||
| Q1 24 | -129.6% | 17.4% |
| Q4 25 | 39.9% | -12.5% | ||
| Q3 25 | 82.4% | 4.4% | ||
| Q2 25 | 29.3% | -7.6% | ||
| Q1 25 | 39.5% | -4.5% | ||
| Q4 24 | 57.7% | -17.8% | ||
| Q3 24 | -127.9% | 0.0% | ||
| Q2 24 | 44.1% | 13.5% | ||
| Q1 24 | -129.8% | 16.7% |
| Q4 25 | $0.19 | $-0.08 | ||
| Q3 25 | $0.34 | $0.03 | ||
| Q2 25 | $0.12 | $-0.03 | ||
| Q1 25 | $0.16 | $-0.02 | ||
| Q4 24 | $0.25 | $-0.05 | ||
| Q3 24 | $-0.69 | $0.00 | ||
| Q2 24 | $0.23 | $0.07 | ||
| Q1 24 | $-0.76 | $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 | $139.8M | $8.3M |
| Total DebtLower is stronger | — | $4.1M |
| Stockholders' EquityBook value | $1.9B | $112.7M |
| Total Assets | $9.9B | $426.2M |
| Debt / EquityLower = less leverage | — | 0.04× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.8M | $8.3M | ||
| Q3 25 | $245.9M | $10.5M | ||
| Q2 25 | $177.6M | $45.7M | ||
| Q1 25 | $166.4M | $9.6M | ||
| Q4 24 | $317.4M | $11.0M | ||
| Q3 24 | $194.3M | $24.2M | ||
| Q2 24 | $174.7M | $44.1M | ||
| Q1 24 | $161.2M | $23.8M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $4.8M | ||
| Q2 25 | — | $4.9M | ||
| Q1 25 | — | $4.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.9B | $112.7M | ||
| Q3 25 | $1.9B | $121.4M | ||
| Q2 25 | $1.8B | $118.2M | ||
| Q1 25 | $1.9B | $120.8M | ||
| Q4 24 | $1.9B | $121.7M | ||
| Q3 24 | $1.9B | $131.2M | ||
| Q2 24 | $2.0B | $126.6M | ||
| Q1 24 | $2.0B | $120.9M |
| Q4 25 | $9.9B | $426.2M | ||
| Q3 25 | $9.5B | $363.9M | ||
| Q2 25 | $9.8B | $333.1M | ||
| Q1 25 | $8.8B | $311.5M | ||
| Q4 24 | $8.4B | $302.2M | ||
| Q3 24 | $9.1B | $293.5M | ||
| Q2 24 | $9.3B | $279.6M | ||
| Q1 24 | $9.2B | $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 | $142.5M | $29.8M |
| Free Cash FlowOCF − Capex | — | $16.1M |
| FCF MarginFCF / Revenue | — | 27.3% |
| Capex IntensityCapex / Revenue | — | 23.4% |
| Cash ConversionOCF / Net Profit | 4.88× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $142.5M | $29.8M | ||
| Q3 25 | $31.7M | $14.6M | ||
| Q2 25 | $63.2M | $13.8M | ||
| Q1 25 | $39.3M | $-9.6M | ||
| Q4 24 | $200.3M | $9.6M | ||
| Q3 24 | $47.2M | $19.7M | ||
| Q2 24 | $50.2M | $2.9M | ||
| Q1 24 | $52.8M | $7.4M |
| Q4 25 | — | $16.1M | ||
| Q3 25 | — | $6.0M | ||
| Q2 25 | — | $4.1M | ||
| Q1 25 | — | $-22.3M | ||
| Q4 24 | — | $3.9M | ||
| Q3 24 | — | $16.5M | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $-454.0K |
| Q4 25 | — | 27.3% | ||
| Q3 25 | — | 9.9% | ||
| Q2 25 | — | 10.2% | ||
| Q1 25 | — | -63.9% | ||
| Q4 24 | — | 15.5% | ||
| Q3 24 | — | 37.1% | ||
| Q2 24 | — | 5.2% | ||
| Q1 24 | — | -0.8% |
| Q4 25 | — | 23.4% | ||
| Q3 25 | — | 14.1% | ||
| Q2 25 | — | 23.8% | ||
| Q1 25 | — | 36.3% | ||
| Q4 24 | — | 22.5% | ||
| Q3 24 | — | 7.0% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 13.4% |
| Q4 25 | 4.88× | — | ||
| Q3 25 | 0.62× | 5.51× | ||
| Q2 25 | 3.05× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 4.93× | — | ||
| Q3 24 | — | 1115.72× | ||
| Q2 24 | 1.40× | 0.46× | ||
| Q1 24 | — | 0.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARI
Segment breakdown not available.
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% |
