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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and EnerSys (ENS). Click either name above to swap in a different company.
EnerSys is the larger business by last-quarter revenue ($919.1M vs $58.8M, roughly 15.6× CBAK Energy Technology, Inc.). EnerSys runs the higher net margin — 9.8% vs -12.5%, a 22.4% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 1.4%). EnerSys produced more free cash flow last quarter ($171.3M vs $16.1M). Over the past eight quarters, EnerSys's revenue compounded faster (0.5% CAGR vs -0.0%).
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.
EnerSys is a stored energy systems and technology provider for industrial applications. The company manufactures reserve-power and motive-power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosures.
CBAT vs ENS — Head-to-Head
Income Statement — Q4 2025 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $58.8M | $919.1M |
| Net Profit | $-7.4M | $90.4M |
| Gross Margin | 7.3% | 30.1% |
| Operating Margin | -13.6% | 13.5% |
| Net Margin | -12.5% | 9.8% |
| Revenue YoY | 131.8% | 1.4% |
| Net Profit YoY | -63.6% | -21.3% |
| EPS (diluted) | $-0.08 | $2.40 |
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 | $58.8M | $919.1M | ||
| Q3 25 | $60.9M | $951.3M | ||
| Q2 25 | $40.5M | $893.0M | ||
| Q1 25 | $34.9M | $974.8M | ||
| Q4 24 | $25.4M | $906.2M | ||
| Q3 24 | $44.6M | $883.7M | ||
| Q2 24 | $47.8M | $852.9M | ||
| Q1 24 | $58.8M | $910.7M |
| Q4 25 | $-7.4M | $90.4M | ||
| Q3 25 | $2.7M | $68.4M | ||
| Q2 25 | $-3.1M | $57.5M | ||
| Q1 25 | $-1.6M | $96.5M | ||
| Q4 24 | $-4.5M | $114.8M | ||
| Q3 24 | $17.6K | $82.3M | ||
| Q2 24 | $6.4M | $70.1M | ||
| Q1 24 | $9.8M | $60.9M |
| Q4 25 | 7.3% | 30.1% | ||
| Q3 25 | 8.0% | 29.1% | ||
| Q2 25 | 11.0% | 28.4% | ||
| Q1 25 | 13.7% | 31.2% | ||
| Q4 24 | 13.1% | 32.9% | ||
| Q3 24 | 15.6% | 28.5% | ||
| Q2 24 | 26.6% | 27.9% | ||
| Q1 24 | 31.9% | 27.9% |
| Q4 25 | -13.6% | 13.5% | ||
| Q3 25 | -6.6% | 9.7% | ||
| Q2 25 | -8.7% | 9.7% | ||
| Q1 25 | -8.2% | 13.5% | ||
| Q4 24 | -26.0% | 15.7% | ||
| Q3 24 | -1.9% | 11.2% | ||
| Q2 24 | 12.4% | 10.7% | ||
| Q1 24 | 17.4% | 8.9% |
| Q4 25 | -12.5% | 9.8% | ||
| Q3 25 | 4.4% | 7.2% | ||
| Q2 25 | -7.6% | 6.4% | ||
| Q1 25 | -4.5% | 9.9% | ||
| Q4 24 | -17.8% | 12.7% | ||
| Q3 24 | 0.0% | 9.3% | ||
| Q2 24 | 13.5% | 8.2% | ||
| Q1 24 | 16.7% | 6.7% |
| Q4 25 | $-0.08 | $2.40 | ||
| Q3 25 | $0.03 | $1.80 | ||
| Q2 25 | $-0.03 | $1.46 | ||
| Q1 25 | $-0.02 | $2.39 | ||
| Q4 24 | $-0.05 | $2.88 | ||
| Q3 24 | $0.00 | $2.01 | ||
| Q2 24 | $0.07 | $1.71 | ||
| Q1 24 | $0.11 | $1.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.3M | $450.1M |
| Total DebtLower is stronger | $4.1M | — |
| Stockholders' EquityBook value | $112.7M | $1.9B |
| Total Assets | $426.2M | $4.0B |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.3M | $450.1M | ||
| Q3 25 | $10.5M | $388.6M | ||
| Q2 25 | $45.7M | $346.7M | ||
| Q1 25 | $9.6M | $343.1M | ||
| Q4 24 | $11.0M | $463.2M | ||
| Q3 24 | $24.2M | $407.9M | ||
| Q2 24 | $44.1M | $344.1M | ||
| Q1 24 | $23.8M | $333.3M |
| Q4 25 | $4.1M | — | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $4.9M | — | ||
| Q1 25 | $4.1M | $1.1B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $802.0M |
| Q4 25 | $112.7M | $1.9B | ||
| Q3 25 | $121.4M | $1.9B | ||
| Q2 25 | $118.2M | $1.9B | ||
| Q1 25 | $120.8M | $1.9B | ||
| Q4 24 | $121.7M | $1.8B | ||
| Q3 24 | $131.2M | $1.8B | ||
| Q2 24 | $126.6M | $1.8B | ||
| Q1 24 | $120.9M | $1.8B |
| Q4 25 | $426.2M | $4.0B | ||
| Q3 25 | $363.9M | $4.1B | ||
| Q2 25 | $333.1M | $4.1B | ||
| Q1 25 | $311.5M | $4.0B | ||
| Q4 24 | $302.2M | $4.0B | ||
| Q3 24 | $293.5M | $4.0B | ||
| Q2 24 | $279.6M | $3.6B | ||
| Q1 24 | $286.5M | $3.5B |
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.03× | 0.57× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.46× |
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 | $29.8M | $184.6M |
| Free Cash FlowOCF − Capex | $16.1M | $171.3M |
| FCF MarginFCF / Revenue | 27.3% | 18.6% |
| Capex IntensityCapex / Revenue | 23.4% | 1.4% |
| Cash ConversionOCF / Net Profit | — | 2.04× |
| TTM Free Cash FlowTrailing 4 quarters | $3.9M | $441.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.8M | $184.6M | ||
| Q3 25 | $14.6M | $218.0M | ||
| Q2 25 | $13.8M | $968.0K | ||
| Q1 25 | $-9.6M | $135.2M | ||
| Q4 24 | $9.6M | $81.1M | ||
| Q3 24 | $19.7M | $33.6M | ||
| Q2 24 | $2.9M | $10.4M | ||
| Q1 24 | $7.4M | — |
| Q4 25 | $16.1M | $171.3M | ||
| Q3 25 | $6.0M | $197.1M | ||
| Q2 25 | $4.1M | $-32.1M | ||
| Q1 25 | $-22.3M | $104.9M | ||
| Q4 24 | $3.9M | $56.8M | ||
| Q3 24 | $16.5M | $3.3M | ||
| Q2 24 | $2.5M | $-25.7M | ||
| Q1 24 | $-454.0K | — |
| Q4 25 | 27.3% | 18.6% | ||
| Q3 25 | 9.9% | 20.7% | ||
| Q2 25 | 10.2% | -3.6% | ||
| Q1 25 | -63.9% | 10.8% | ||
| Q4 24 | 15.5% | 6.3% | ||
| Q3 24 | 37.1% | 0.4% | ||
| Q2 24 | 5.2% | -3.0% | ||
| Q1 24 | -0.8% | — |
| Q4 25 | 23.4% | 1.4% | ||
| Q3 25 | 14.1% | 2.2% | ||
| Q2 25 | 23.8% | 3.7% | ||
| Q1 25 | 36.3% | 3.1% | ||
| Q4 24 | 22.5% | 2.7% | ||
| Q3 24 | 7.0% | 3.4% | ||
| Q2 24 | 0.9% | 4.2% | ||
| Q1 24 | 13.4% | — |
| Q4 25 | — | 2.04× | ||
| Q3 25 | 5.51× | 3.19× | ||
| Q2 25 | — | 0.02× | ||
| Q1 25 | — | 1.40× | ||
| Q4 24 | — | 0.71× | ||
| Q3 24 | 1115.72× | 0.41× | ||
| Q2 24 | 0.46× | 0.15× | ||
| Q1 24 | 0.76× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
ENS
| Energy Systems | $399.5M | 43% |
| Motive Power | $352.0M | 38% |
| Services | $92.6M | 10% |
| Transferred Over Time | $38.2M | 4% |
| Other | $36.8M | 4% |
