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Side-by-side financial comparison of BT Brands, Inc. (BTBD) and CN ENERGY GROUP. INC. (CNEY). Click either name above to swap in a different company.

CN ENERGY GROUP. INC. is the larger business by last-quarter revenue ($5.0M vs $3.9M, roughly 1.3× BT Brands, Inc.). BT Brands, Inc. runs the higher net margin — 23.7% vs -0.4%, a 24.1% gap on every dollar of revenue.

BT Group plc is a British multinational telecommunications holding company headquartered in London, England. It has operations in around 180 countries and is the largest provider of fixed-line, broadband and mobile services in the UK, and also provides subscription television and IT services.

EVE Energy Co., Ltd. is a Chinese battery manufacturing company founded by Liu Jincheng in 2001 that specializes in the manufacturing of lithium-ion batteries for energy storage systems and electric vehicles. Its headquarters are located in Huizhou, Guangdong, and it was first listed on the Shenzhen Stock Exchange's ChiNext subsidiary in 2009. It is considered to be a Tier-1 battery supplier, and is the third largest energy storage battery cell maker in the world as of 2023. According to a st...

BTBD vs CNEY — Head-to-Head

Bigger by revenue
CNEY
CNEY
1.3× larger
CNEY
$5.0M
$3.9M
BTBD
Higher net margin
BTBD
BTBD
24.1% more per $
BTBD
23.7%
-0.4%
CNEY

Income Statement — Q3 FY2025 vs Q2 FY2025

Metric
BTBD
BTBD
CNEY
CNEY
Revenue
$3.9M
$5.0M
Net Profit
$915.0K
$-18.0K
Gross Margin
0.1%
Operating Margin
19.1%
-0.4%
Net Margin
23.7%
-0.4%
Revenue YoY
-11.4%
Net Profit YoY
516.9%
EPS (diluted)
$0.15

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
BTBD
BTBD
CNEY
CNEY
Q3 25
$3.9M
Q2 25
$3.8M
Q1 25
$3.2M
$5.0M
Q3 24
$4.3M
Q2 24
$4.1M
Q1 24
$3.2M
$22.7M
Q4 23
$4.0M
Q3 23
$4.0M
Net Profit
BTBD
BTBD
CNEY
CNEY
Q3 25
$915.0K
Q2 25
$55.0K
Q1 25
$-329.8K
$-18.0K
Q3 24
$-219.5K
Q2 24
$-70.0K
Q1 24
$-445.7K
$-4.2M
Q4 23
$-3.5K
Q3 23
$-233.7K
Gross Margin
BTBD
BTBD
CNEY
CNEY
Q3 25
Q2 25
Q1 25
0.1%
Q3 24
Q2 24
Q1 24
3.5%
Q4 23
Q3 23
Operating Margin
BTBD
BTBD
CNEY
CNEY
Q3 25
19.1%
Q2 25
-2.0%
Q1 25
-9.0%
-0.4%
Q3 24
-1.7%
Q2 24
-4.6%
Q1 24
-19.8%
-19.2%
Q4 23
1.0%
Q3 23
-2.0%
Net Margin
BTBD
BTBD
CNEY
CNEY
Q3 25
23.7%
Q2 25
1.5%
Q1 25
-10.2%
-0.4%
Q3 24
-5.0%
Q2 24
-1.7%
Q1 24
-14.0%
-18.4%
Q4 23
-0.1%
Q3 23
-5.8%
EPS (diluted)
BTBD
BTBD
CNEY
CNEY
Q3 25
$0.15
Q2 25
Q1 25
Q3 24
$-0.04
Q2 24
Q1 24
Q4 23
Q3 23

Balance Sheet & Financial Strength

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

Metric
BTBD
BTBD
CNEY
CNEY
Cash + ST InvestmentsLiquidity on hand
$3.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.7M
$102.3M
Total Assets
$11.9M
$104.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTBD
BTBD
CNEY
CNEY
Q3 25
$3.5M
Q2 25
$3.0M
Q1 25
$2.7M
Q3 24
$2.0M
Q2 24
$1.5M
Q1 24
$1.5M
Q4 23
$1.4M
Q3 23
$1.2M
Total Debt
BTBD
BTBD
CNEY
CNEY
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
$565.5K
Q4 23
Q3 23
Stockholders' Equity
BTBD
BTBD
CNEY
CNEY
Q3 25
$7.7M
Q2 25
$6.8M
Q1 25
$6.7M
$102.3M
Q3 24
$8.5M
Q2 24
$8.7M
Q1 24
$8.8M
$102.8M
Q4 23
$9.6M
Q3 23
$9.6M
Total Assets
BTBD
BTBD
CNEY
CNEY
Q3 25
$11.9M
Q2 25
$11.2M
Q1 25
$11.0M
$104.2M
Q3 24
$13.7M
Q2 24
$14.0M
Q1 24
$14.0M
$118.4M
Q4 23
$14.9M
Q3 23
$15.1M
Debt / Equity
BTBD
BTBD
CNEY
CNEY
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
0.01×
Q4 23
Q3 23

Cash Flow & Capital Efficiency

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

Metric
BTBD
BTBD
CNEY
CNEY
Operating Cash FlowLast quarter
$325.2K
Free Cash FlowOCF − Capex
$261.8K
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
0.36×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTBD
BTBD
CNEY
CNEY
Q3 25
$325.2K
Q2 25
$384.4K
Q1 25
$-306.7K
Q3 24
$129.3K
Q2 24
$82.5K
Q1 24
$-408.9K
$-579.2K
Q4 23
$37.0K
Q3 23
$362.5K
Free Cash Flow
BTBD
BTBD
CNEY
CNEY
Q3 25
$261.8K
Q2 25
Q1 25
$-431.1K
Q3 24
$50.4K
Q2 24
$53.7K
Q1 24
$-521.3K
$-579.3K
Q4 23
$-59.5K
Q3 23
$203.8K
FCF Margin
BTBD
BTBD
CNEY
CNEY
Q3 25
6.8%
Q2 25
Q1 25
-13.3%
Q3 24
1.2%
Q2 24
1.3%
Q1 24
-16.3%
-2.6%
Q4 23
-1.5%
Q3 23
5.1%
Capex Intensity
BTBD
BTBD
CNEY
CNEY
Q3 25
1.6%
Q2 25
0.0%
Q1 25
3.8%
Q3 24
1.8%
Q2 24
0.7%
Q1 24
3.5%
0.0%
Q4 23
2.4%
Q3 23
4.0%
Cash Conversion
BTBD
BTBD
CNEY
CNEY
Q3 25
0.36×
Q2 25
6.98×
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23

Financial Flow Comparison

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

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