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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and Clarus Corp (CLAR). Click either name above to swap in a different company.

Clarus Corp is the larger business by last-quarter revenue ($65.4M vs $58.8M, roughly 1.1× CBAK Energy Technology, Inc.). CBAK Energy Technology, Inc. runs the higher net margin — -12.5% vs -47.8%, a 35.2% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs -8.4%). CBAK Energy Technology, Inc. produced more free cash flow last quarter ($16.1M vs $11.6M). Over the past eight quarters, CBAK Energy Technology, Inc.'s revenue compounded faster (-0.0% CAGR vs -2.9%).

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.

Clarus Corp is a global designer, manufacturer, and distributor of high-performance outdoor recreation, climbing, camping, and lifestyle products. It manages a portfolio of leading consumer brands, serving outdoor enthusiasts, professional athletes, and retail partners across North America, Europe, and the Asia-Pacific region, with a focus on innovative, durable gear for active lifestyles.

CBAT vs CLAR — Head-to-Head

Bigger by revenue
CLAR
CLAR
1.1× larger
CLAR
$65.4M
$58.8M
CBAT
Growing faster (revenue YoY)
CBAT
CBAT
+140.2% gap
CBAT
131.8%
-8.4%
CLAR
Higher net margin
CBAT
CBAT
35.2% more per $
CBAT
-12.5%
-47.8%
CLAR
More free cash flow
CBAT
CBAT
$4.5M more FCF
CBAT
$16.1M
$11.6M
CLAR
Faster 2-yr revenue CAGR
CBAT
CBAT
Annualised
CBAT
-0.0%
-2.9%
CLAR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CBAT
CBAT
CLAR
CLAR
Revenue
$58.8M
$65.4M
Net Profit
$-7.4M
$-31.3M
Gross Margin
7.3%
27.7%
Operating Margin
-13.6%
-59.6%
Net Margin
-12.5%
-47.8%
Revenue YoY
131.8%
-8.4%
Net Profit YoY
-63.6%
52.3%
EPS (diluted)
$-0.08
$-0.81

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
CBAT
CBAT
CLAR
CLAR
Q4 25
$58.8M
$65.4M
Q3 25
$60.9M
$69.3M
Q2 25
$40.5M
$55.2M
Q1 25
$34.9M
$60.4M
Q4 24
$25.4M
$71.4M
Q3 24
$44.6M
$67.1M
Q2 24
$47.8M
$56.5M
Q1 24
$58.8M
$69.3M
Net Profit
CBAT
CBAT
CLAR
CLAR
Q4 25
$-7.4M
$-31.3M
Q3 25
$2.7M
$-1.6M
Q2 25
$-3.1M
$-8.4M
Q1 25
$-1.6M
$-5.2M
Q4 24
$-4.5M
$-65.5M
Q3 24
$17.6K
$-3.2M
Q2 24
$6.4M
$-5.5M
Q1 24
$9.8M
$21.9M
Gross Margin
CBAT
CBAT
CLAR
CLAR
Q4 25
7.3%
27.7%
Q3 25
8.0%
35.1%
Q2 25
11.0%
35.6%
Q1 25
13.7%
34.4%
Q4 24
13.1%
33.4%
Q3 24
15.6%
35.0%
Q2 24
26.6%
36.1%
Q1 24
31.9%
35.9%
Operating Margin
CBAT
CBAT
CLAR
CLAR
Q4 25
-13.6%
-59.6%
Q3 25
-6.6%
-4.4%
Q2 25
-8.7%
-19.7%
Q1 25
-8.2%
-11.2%
Q4 24
-26.0%
-70.2%
Q3 24
-1.9%
-8.0%
Q2 24
12.4%
-14.4%
Q1 24
17.4%
-9.8%
Net Margin
CBAT
CBAT
CLAR
CLAR
Q4 25
-12.5%
-47.8%
Q3 25
4.4%
-2.3%
Q2 25
-7.6%
-15.3%
Q1 25
-4.5%
-8.7%
Q4 24
-17.8%
-91.8%
Q3 24
0.0%
-4.7%
Q2 24
13.5%
-9.7%
Q1 24
16.7%
31.6%
EPS (diluted)
CBAT
CBAT
CLAR
CLAR
Q4 25
$-0.08
$-0.81
Q3 25
$0.03
$-0.04
Q2 25
$-0.03
$-0.22
Q1 25
$-0.02
$-0.14
Q4 24
$-0.05
$-1.72
Q3 24
$0.00
$-0.08
Q2 24
$0.07
$-0.14
Q1 24
$0.11
$0.57

Balance Sheet & Financial Strength

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

Metric
CBAT
CBAT
CLAR
CLAR
Cash + ST InvestmentsLiquidity on hand
$8.3M
$36.7M
Total DebtLower is stronger
$4.1M
$0
Stockholders' EquityBook value
$112.7M
$196.4M
Total Assets
$426.2M
$249.0M
Debt / EquityLower = less leverage
0.04×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBAT
CBAT
CLAR
CLAR
Q4 25
$8.3M
$36.7M
Q3 25
$10.5M
$29.5M
Q2 25
$45.7M
$28.5M
Q1 25
$9.6M
$41.3M
Q4 24
$11.0M
$45.4M
Q3 24
$24.2M
$36.4M
Q2 24
$44.1M
$46.2M
Q1 24
$23.8M
$47.5M
Total Debt
CBAT
CBAT
CLAR
CLAR
Q4 25
$4.1M
$0
Q3 25
$4.8M
$2.0M
Q2 25
$4.9M
$1.9M
Q1 25
$4.1M
$1.9M
Q4 24
$1.9M
Q3 24
Q2 24
Q1 24
$37.0K
Stockholders' Equity
CBAT
CBAT
CLAR
CLAR
Q4 25
$112.7M
$196.4M
Q3 25
$121.4M
$225.8M
Q2 25
$118.2M
$225.1M
Q1 25
$120.8M
$229.3M
Q4 24
$121.7M
$233.1M
Q3 24
$131.2M
$308.5M
Q2 24
$126.6M
$307.3M
Q1 24
$120.9M
$310.4M
Total Assets
CBAT
CBAT
CLAR
CLAR
Q4 25
$426.2M
$249.0M
Q3 25
$363.9M
$283.1M
Q2 25
$333.1M
$286.5M
Q1 25
$311.5M
$292.8M
Q4 24
$302.2M
$294.1M
Q3 24
$293.5M
$375.3M
Q2 24
$279.6M
$369.4M
Q1 24
$286.5M
$377.0M
Debt / Equity
CBAT
CBAT
CLAR
CLAR
Q4 25
0.04×
0.00×
Q3 25
0.04×
0.01×
Q2 25
0.04×
0.01×
Q1 25
0.03×
0.01×
Q4 24
0.01×
Q3 24
Q2 24
Q1 24
0.00×

Cash Flow & Capital Efficiency

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

Metric
CBAT
CBAT
CLAR
CLAR
Operating Cash FlowLast quarter
$29.8M
$12.5M
Free Cash FlowOCF − Capex
$16.1M
$11.6M
FCF MarginFCF / Revenue
27.3%
17.7%
Capex IntensityCapex / Revenue
23.4%
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$3.9M
$-9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBAT
CBAT
CLAR
CLAR
Q4 25
$29.8M
$12.5M
Q3 25
$14.6M
$-5.7M
Q2 25
$13.8M
$-9.4M
Q1 25
$-9.6M
$-2.1M
Q4 24
$9.6M
$16.6M
Q3 24
$19.7M
$-8.3M
Q2 24
$2.9M
$834.0K
Q1 24
$7.4M
$-16.4M
Free Cash Flow
CBAT
CBAT
CLAR
CLAR
Q4 25
$16.1M
$11.6M
Q3 25
$6.0M
$-7.0M
Q2 25
$4.1M
$-11.3M
Q1 25
$-22.3M
$-3.3M
Q4 24
$3.9M
$14.4M
Q3 24
$16.5M
$-9.4M
Q2 24
$2.5M
$-744.0K
Q1 24
$-454.0K
$-18.3M
FCF Margin
CBAT
CBAT
CLAR
CLAR
Q4 25
27.3%
17.7%
Q3 25
9.9%
-10.0%
Q2 25
10.2%
-20.4%
Q1 25
-63.9%
-5.4%
Q4 24
15.5%
20.1%
Q3 24
37.1%
-14.0%
Q2 24
5.2%
-1.3%
Q1 24
-0.8%
-26.3%
Capex Intensity
CBAT
CBAT
CLAR
CLAR
Q4 25
23.4%
1.4%
Q3 25
14.1%
1.8%
Q2 25
23.8%
3.4%
Q1 25
36.3%
2.0%
Q4 24
22.5%
3.1%
Q3 24
7.0%
1.6%
Q2 24
0.9%
2.8%
Q1 24
13.4%
2.7%
Cash Conversion
CBAT
CBAT
CLAR
CLAR
Q4 25
Q3 25
5.51×
Q2 25
Q1 25
Q4 24
Q3 24
1115.72×
Q2 24
0.46×
Q1 24
0.76×
-0.75×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CBAT
CBAT

Manufacturing Lithium Batteries$28.0M48%
Residential Energy Supply And Uninterruptable Supplies$17.8M30%
Light Electric Vehicles$12.9M22%
Precursor$108.0K0%

CLAR
CLAR

Other$37.1M57%
Outdoor Segment$25.3M39%
Adventure Segment$3.0M5%

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