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Side-by-side financial comparison of Bank First Corp (BFC) 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 $44.9M, roughly 1.3× Bank First Corp). Bank First Corp runs the higher net margin — 45.8% vs -12.5%, a 58.3% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 12.1%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $16.1M). Over the past eight quarters, Bank First Corp's revenue compounded faster (9.1% CAGR vs -0.0%).

First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.

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.

BFC vs CBAT — Head-to-Head

Bigger by revenue
CBAT
CBAT
1.3× larger
CBAT
$58.8M
$44.9M
BFC
Growing faster (revenue YoY)
CBAT
CBAT
+119.7% gap
CBAT
131.8%
12.1%
BFC
Higher net margin
BFC
BFC
58.3% more per $
BFC
45.8%
-12.5%
CBAT
More free cash flow
BFC
BFC
$35.0M more FCF
BFC
$51.0M
$16.1M
CBAT
Faster 2-yr revenue CAGR
BFC
BFC
Annualised
BFC
9.1%
-0.0%
CBAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFC
BFC
CBAT
CBAT
Revenue
$44.9M
$58.8M
Net Profit
$18.4M
$-7.4M
Gross Margin
7.3%
Operating Margin
51.0%
-13.6%
Net Margin
45.8%
-12.5%
Revenue YoY
12.1%
131.8%
Net Profit YoY
4.8%
-63.6%
EPS (diluted)
$1.87
$-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
BFC
BFC
CBAT
CBAT
Q4 25
$44.9M
$58.8M
Q3 25
$44.2M
$60.9M
Q2 25
$41.6M
$40.5M
Q1 25
$43.1M
$34.9M
Q4 24
$40.1M
$25.4M
Q3 24
$40.8M
$44.6M
Q2 24
$38.9M
$47.8M
Q1 24
$37.7M
$58.8M
Net Profit
BFC
BFC
CBAT
CBAT
Q4 25
$18.4M
$-7.4M
Q3 25
$18.0M
$2.7M
Q2 25
$16.9M
$-3.1M
Q1 25
$18.2M
$-1.6M
Q4 24
$17.5M
$-4.5M
Q3 24
$16.6M
$17.6K
Q2 24
$16.1M
$6.4M
Q1 24
$15.4M
$9.8M
Gross Margin
BFC
BFC
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
BFC
BFC
CBAT
CBAT
Q4 25
51.0%
-13.6%
Q3 25
50.8%
-6.6%
Q2 25
49.7%
-8.7%
Q1 25
51.3%
-8.2%
Q4 24
54.4%
-26.0%
Q3 24
50.7%
-1.9%
Q2 24
51.0%
12.4%
Q1 24
45.6%
17.4%
Net Margin
BFC
BFC
CBAT
CBAT
Q4 25
45.8%
-12.5%
Q3 25
40.7%
4.4%
Q2 25
40.5%
-7.6%
Q1 25
42.3%
-4.5%
Q4 24
49.3%
-17.8%
Q3 24
40.6%
0.0%
Q2 24
41.3%
13.5%
Q1 24
40.8%
16.7%
EPS (diluted)
BFC
BFC
CBAT
CBAT
Q4 25
$1.87
$-0.08
Q3 25
$1.83
$0.03
Q2 25
$1.71
$-0.03
Q1 25
$1.82
$-0.02
Q4 24
$1.75
$-0.05
Q3 24
$1.65
$0.00
Q2 24
$1.59
$0.07
Q1 24
$1.51
$0.11

Balance Sheet & Financial Strength

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

Metric
BFC
BFC
CBAT
CBAT
Cash + ST InvestmentsLiquidity on hand
$243.2M
$8.3M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$643.8M
$112.7M
Total Assets
$4.5B
$426.2M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFC
BFC
CBAT
CBAT
Q4 25
$243.2M
$8.3M
Q3 25
$126.2M
$10.5M
Q2 25
$120.3M
$45.7M
Q1 25
$300.9M
$9.6M
Q4 24
$261.3M
$11.0M
Q3 24
$204.4M
$24.2M
Q2 24
$99.0M
$44.1M
Q1 24
$83.4M
$23.8M
Total Debt
BFC
BFC
CBAT
CBAT
Q4 25
$4.1M
Q3 25
$4.8M
Q2 25
$4.9M
Q1 25
$4.1M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BFC
BFC
CBAT
CBAT
Q4 25
$643.8M
$112.7M
Q3 25
$628.1M
$121.4M
Q2 25
$612.3M
$118.2M
Q1 25
$648.4M
$120.8M
Q4 24
$639.7M
$121.7M
Q3 24
$628.9M
$131.2M
Q2 24
$614.6M
$126.6M
Q1 24
$609.3M
$120.9M
Total Assets
BFC
BFC
CBAT
CBAT
Q4 25
$4.5B
$426.2M
Q3 25
$4.4B
$363.9M
Q2 25
$4.4B
$333.1M
Q1 25
$4.5B
$311.5M
Q4 24
$4.5B
$302.2M
Q3 24
$4.3B
$293.5M
Q2 24
$4.1B
$279.6M
Q1 24
$4.1B
$286.5M
Debt / Equity
BFC
BFC
CBAT
CBAT
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
BFC
BFC
CBAT
CBAT
Operating Cash FlowLast quarter
$62.5M
$29.8M
Free Cash FlowOCF − Capex
$51.0M
$16.1M
FCF MarginFCF / Revenue
113.6%
27.3%
Capex IntensityCapex / Revenue
25.5%
23.4%
Cash ConversionOCF / Net Profit
3.40×
TTM Free Cash FlowTrailing 4 quarters
$75.8M
$3.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFC
BFC
CBAT
CBAT
Q4 25
$62.5M
$29.8M
Q3 25
$15.5M
$14.6M
Q2 25
$11.9M
$13.8M
Q1 25
$6.2M
$-9.6M
Q4 24
$65.8M
$9.6M
Q3 24
$18.8M
$19.7M
Q2 24
$14.9M
$2.9M
Q1 24
$1.3M
$7.4M
Free Cash Flow
BFC
BFC
CBAT
CBAT
Q4 25
$51.0M
$16.1M
Q3 25
$12.5M
$6.0M
Q2 25
$8.2M
$4.1M
Q1 25
$4.0M
$-22.3M
Q4 24
$58.6M
$3.9M
Q3 24
$16.9M
$16.5M
Q2 24
$13.7M
$2.5M
Q1 24
$551.0K
$-454.0K
FCF Margin
BFC
BFC
CBAT
CBAT
Q4 25
113.6%
27.3%
Q3 25
28.2%
9.9%
Q2 25
19.8%
10.2%
Q1 25
9.3%
-63.9%
Q4 24
146.3%
15.5%
Q3 24
41.5%
37.1%
Q2 24
35.3%
5.2%
Q1 24
1.5%
-0.8%
Capex Intensity
BFC
BFC
CBAT
CBAT
Q4 25
25.5%
23.4%
Q3 25
6.7%
14.1%
Q2 25
8.7%
23.8%
Q1 25
5.0%
36.3%
Q4 24
18.0%
22.5%
Q3 24
4.5%
7.0%
Q2 24
3.1%
0.9%
Q1 24
2.1%
13.4%
Cash Conversion
BFC
BFC
CBAT
CBAT
Q4 25
3.40×
Q3 25
0.86×
5.51×
Q2 25
0.70×
Q1 25
0.34×
Q4 24
3.75×
Q3 24
1.13×
1115.72×
Q2 24
0.93×
0.46×
Q1 24
0.09×
0.76×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BFC
BFC

Segment breakdown not available.

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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