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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and Clearfield, Inc. (CLFD). 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 $34.3M, roughly 1.7× Clearfield, Inc.). Clearfield, Inc. runs the higher net margin — -1.8% vs -12.5%, a 10.8% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs -3.2%). CBAK Energy Technology, Inc. produced more free cash flow last quarter ($16.1M vs $-2.4M). Over the past eight quarters, CBAK Energy Technology, Inc.'s revenue compounded faster (-0.0% CAGR vs -3.5%).

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.

Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.

CBAT vs CLFD — Head-to-Head

Bigger by revenue
CBAT
CBAT
1.7× larger
CBAT
$58.8M
$34.3M
CLFD
Growing faster (revenue YoY)
CBAT
CBAT
+135.0% gap
CBAT
131.8%
-3.2%
CLFD
Higher net margin
CLFD
CLFD
10.8% more per $
CLFD
-1.8%
-12.5%
CBAT
More free cash flow
CBAT
CBAT
$18.5M more FCF
CBAT
$16.1M
$-2.4M
CLFD
Faster 2-yr revenue CAGR
CBAT
CBAT
Annualised
CBAT
-0.0%
-3.5%
CLFD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CBAT
CBAT
CLFD
CLFD
Revenue
$58.8M
$34.3M
Net Profit
$-7.4M
$-614.0K
Gross Margin
7.3%
33.2%
Operating Margin
-13.6%
-5.3%
Net Margin
-12.5%
-1.8%
Revenue YoY
131.8%
-3.2%
Net Profit YoY
-63.6%
67.8%
EPS (diluted)
$-0.08
$-0.04

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
CLFD
CLFD
Q4 25
$58.8M
$34.3M
Q3 25
$60.9M
$23.4M
Q2 25
$40.5M
$49.9M
Q1 25
$34.9M
$47.2M
Q4 24
$25.4M
$29.7M
Q3 24
$44.6M
$5.6M
Q2 24
$47.8M
$48.8M
Q1 24
$58.8M
$36.9M
Net Profit
CBAT
CBAT
CLFD
CLFD
Q4 25
$-7.4M
$-614.0K
Q3 25
$2.7M
$-9.1M
Q2 25
$-3.1M
$1.6M
Q1 25
$-1.6M
$1.3M
Q4 24
$-4.5M
$-1.9M
Q3 24
$17.6K
Q2 24
$6.4M
$-447.0K
Q1 24
$9.8M
$-5.9M
Gross Margin
CBAT
CBAT
CLFD
CLFD
Q4 25
7.3%
33.2%
Q3 25
8.0%
53.2%
Q2 25
11.0%
30.5%
Q1 25
13.7%
30.1%
Q4 24
13.1%
29.2%
Q3 24
15.6%
Q2 24
26.6%
21.9%
Q1 24
31.9%
7.7%
Operating Margin
CBAT
CBAT
CLFD
CLFD
Q4 25
-13.6%
-5.3%
Q3 25
-6.6%
10.3%
Q2 25
-8.7%
3.0%
Q1 25
-8.2%
0.6%
Q4 24
-26.0%
-6.9%
Q3 24
-1.9%
Q2 24
12.4%
-4.7%
Q1 24
17.4%
-26.4%
Net Margin
CBAT
CBAT
CLFD
CLFD
Q4 25
-12.5%
-1.8%
Q3 25
4.4%
-38.8%
Q2 25
-7.6%
3.2%
Q1 25
-4.5%
2.8%
Q4 24
-17.8%
-6.4%
Q3 24
0.0%
Q2 24
13.5%
-0.9%
Q1 24
16.7%
-16.0%
EPS (diluted)
CBAT
CBAT
CLFD
CLFD
Q4 25
$-0.08
$-0.04
Q3 25
$0.03
$-0.65
Q2 25
$-0.03
$0.11
Q1 25
$-0.02
$0.09
Q4 24
$-0.05
$-0.13
Q3 24
$0.00
Q2 24
$0.07
$-0.04
Q1 24
$0.11
$-0.40

Balance Sheet & Financial Strength

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

Metric
CBAT
CBAT
CLFD
CLFD
Cash + ST InvestmentsLiquidity on hand
$8.3M
$96.4M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$112.7M
$249.7M
Total Assets
$426.2M
$268.1M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBAT
CBAT
CLFD
CLFD
Q4 25
$8.3M
$96.4M
Q3 25
$10.5M
$106.0M
Q2 25
$45.7M
$117.2M
Q1 25
$9.6M
$112.0M
Q4 24
$11.0M
$113.0M
Q3 24
$24.2M
$129.0M
Q2 24
$44.1M
$123.8M
Q1 24
$23.8M
$142.9M
Total Debt
CBAT
CBAT
CLFD
CLFD
Q4 25
$4.1M
Q3 25
$4.8M
Q2 25
$4.9M
Q1 25
$4.1M
Q4 24
Q3 24
$2.2M
Q2 24
$2.1M
Q1 24
Stockholders' Equity
CBAT
CBAT
CLFD
CLFD
Q4 25
$112.7M
$249.7M
Q3 25
$121.4M
$256.2M
Q2 25
$118.2M
$264.5M
Q1 25
$120.8M
$265.9M
Q4 24
$121.7M
$267.4M
Q3 24
$131.2M
$275.8M
Q2 24
$126.6M
$274.6M
Q1 24
$120.9M
$279.2M
Total Assets
CBAT
CBAT
CLFD
CLFD
Q4 25
$426.2M
$268.1M
Q3 25
$363.9M
$306.2M
Q2 25
$333.1M
$314.7M
Q1 25
$311.5M
$310.9M
Q4 24
$302.2M
$303.2M
Q3 24
$293.5M
$315.3M
Q2 24
$279.6M
$318.1M
Q1 24
$286.5M
$315.4M
Debt / Equity
CBAT
CBAT
CLFD
CLFD
Q4 25
0.04×
Q3 25
0.04×
Q2 25
0.04×
Q1 25
0.03×
Q4 24
Q3 24
0.01×
Q2 24
0.01×
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
CBAT
CBAT
CLFD
CLFD
Operating Cash FlowLast quarter
$29.8M
$-1.4M
Free Cash FlowOCF − Capex
$16.1M
$-2.4M
FCF MarginFCF / Revenue
27.3%
-7.1%
Capex IntensityCapex / Revenue
23.4%
2.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$3.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBAT
CBAT
CLFD
CLFD
Q4 25
$29.8M
$-1.4M
Q3 25
$14.6M
Q2 25
$13.8M
$7.9M
Q1 25
$-9.6M
$3.0M
Q4 24
$9.6M
$7.2M
Q3 24
$19.7M
$22.2M
Q2 24
$2.9M
$4.0M
Q1 24
$7.4M
$-5.7M
Free Cash Flow
CBAT
CBAT
CLFD
CLFD
Q4 25
$16.1M
$-2.4M
Q3 25
$6.0M
Q2 25
$4.1M
$7.5M
Q1 25
$-22.3M
$654.0K
Q4 24
$3.9M
$5.1M
Q3 24
$16.5M
$18.2M
Q2 24
$2.5M
$2.8M
Q1 24
$-454.0K
$-7.7M
FCF Margin
CBAT
CBAT
CLFD
CLFD
Q4 25
27.3%
-7.1%
Q3 25
9.9%
Q2 25
10.2%
15.1%
Q1 25
-63.9%
1.4%
Q4 24
15.5%
17.1%
Q3 24
37.1%
323.0%
Q2 24
5.2%
5.8%
Q1 24
-0.8%
-20.8%
Capex Intensity
CBAT
CBAT
CLFD
CLFD
Q4 25
23.4%
2.9%
Q3 25
14.1%
2.0%
Q2 25
23.8%
0.8%
Q1 25
36.3%
5.1%
Q4 24
22.5%
7.0%
Q3 24
7.0%
71.4%
Q2 24
0.9%
2.5%
Q1 24
13.4%
5.3%
Cash Conversion
CBAT
CBAT
CLFD
CLFD
Q4 25
Q3 25
5.51×
Q2 25
4.93×
Q1 25
2.30×
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

CBAT
CBAT

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

CLFD
CLFD

Segment breakdown not available.

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