vs
Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and ESTABLISHMENT LABS HOLDINGS INC. (ESTA). Click either name above to swap in a different company.
ESTABLISHMENT LABS HOLDINGS INC. is the larger business by last-quarter revenue ($64.6M vs $58.8M, roughly 1.1× CBAK Energy Technology, Inc.). On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 45.2%). CBAK Energy Technology, Inc. produced more free cash flow last quarter ($16.1M vs $-2.0M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% 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.
Astera Labs, Inc. is an American fabless semiconductor manufacturer and artificial intelligence company. The company specializes in designing high-speed connectivity solutions for data centers and AI infrastructure. The company has been listed on the Nasdaq since March 2024.
CBAT vs ESTA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.8M | $64.6M |
| Net Profit | $-7.4M | — |
| Gross Margin | 7.3% | 70.5% |
| Operating Margin | -13.6% | -6.1% |
| Net Margin | -12.5% | — |
| Revenue YoY | 131.8% | 45.2% |
| Net Profit YoY | -63.6% | — |
| EPS (diluted) | $-0.08 | $-0.07 |
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 | $64.6M | ||
| Q3 25 | $60.9M | $53.8M | ||
| Q2 25 | $40.5M | $51.3M | ||
| Q1 25 | $34.9M | $41.4M | ||
| Q4 24 | $25.4M | $44.5M | ||
| Q3 24 | $44.6M | $40.2M | ||
| Q2 24 | $47.8M | $44.1M | ||
| Q1 24 | $58.8M | $37.2M |
| Q4 25 | $-7.4M | — | ||
| Q3 25 | $2.7M | $-11.1M | ||
| Q2 25 | $-3.1M | $-16.6M | ||
| Q1 25 | $-1.6M | $-20.7M | ||
| Q4 24 | $-4.5M | — | ||
| Q3 24 | $17.6K | $-16.7M | ||
| Q2 24 | $6.4M | $-17.2M | ||
| Q1 24 | $9.8M | $-16.2M |
| Q4 25 | 7.3% | 70.5% | ||
| Q3 25 | 8.0% | 70.1% | ||
| Q2 25 | 11.0% | 68.8% | ||
| Q1 25 | 13.7% | 67.2% | ||
| Q4 24 | 13.1% | 68.5% | ||
| Q3 24 | 15.6% | 63.9% | ||
| Q2 24 | 26.6% | 65.6% | ||
| Q1 24 | 31.9% | 65.6% |
| Q4 25 | -13.6% | -6.1% | ||
| Q3 25 | -6.6% | -7.5% | ||
| Q2 25 | -8.7% | -27.5% | ||
| Q1 25 | -8.2% | -41.0% | ||
| Q4 24 | -26.0% | -41.9% | ||
| Q3 24 | -1.9% | -32.7% | ||
| Q2 24 | 12.4% | -21.2% | ||
| Q1 24 | 17.4% | -23.8% |
| Q4 25 | -12.5% | — | ||
| Q3 25 | 4.4% | -20.7% | ||
| Q2 25 | -7.6% | -32.3% | ||
| Q1 25 | -4.5% | -50.1% | ||
| Q4 24 | -17.8% | — | ||
| Q3 24 | 0.0% | -41.5% | ||
| Q2 24 | 13.5% | -38.9% | ||
| Q1 24 | 16.7% | -43.6% |
| Q4 25 | $-0.08 | $-0.07 | ||
| Q3 25 | $0.03 | $-0.38 | ||
| Q2 25 | $-0.03 | $-0.57 | ||
| Q1 25 | $-0.02 | $-0.70 | ||
| Q4 24 | $-0.05 | $-1.21 | ||
| Q3 24 | $0.00 | $-0.59 | ||
| Q2 24 | $0.07 | $-0.62 | ||
| Q1 24 | $0.11 | $-0.58 |
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 | $75.6M |
| Total DebtLower is stronger | $4.1M | — |
| Stockholders' EquityBook value | $112.7M | $23.5M |
| Total Assets | $426.2M | $357.2M |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.3M | $75.6M | ||
| Q3 25 | $10.5M | $70.6M | ||
| Q2 25 | $45.7M | $54.6M | ||
| Q1 25 | $9.6M | $69.2M | ||
| Q4 24 | $11.0M | $90.3M | ||
| Q3 24 | $24.2M | — | ||
| Q2 24 | $44.1M | — | ||
| Q1 24 | $23.8M | — |
| Q4 25 | $4.1M | — | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $4.9M | — | ||
| Q1 25 | $4.1M | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $112.7M | $23.5M | ||
| Q3 25 | $121.4M | $16.4M | ||
| Q2 25 | $118.2M | $22.8M | ||
| Q1 25 | $120.8M | $38.5M | ||
| Q4 24 | $121.7M | $53.1M | ||
| Q3 24 | $131.2M | $32.7M | ||
| Q2 24 | $126.6M | $45.0M | ||
| Q1 24 | $120.9M | $56.9M |
| Q4 25 | $426.2M | $357.2M | ||
| Q3 25 | $363.9M | $338.9M | ||
| Q2 25 | $333.1M | $329.7M | ||
| Q1 25 | $311.5M | $333.4M | ||
| Q4 24 | $302.2M | $346.8M | ||
| Q3 24 | $293.5M | $282.7M | ||
| Q2 24 | $279.6M | $285.1M | ||
| Q1 24 | $286.5M | $301.8M |
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | — | 0.00× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $29.8M | $-162.0K |
| Free Cash FlowOCF − Capex | $16.1M | $-2.0M |
| FCF MarginFCF / Revenue | 27.3% | -3.1% |
| Capex IntensityCapex / Revenue | 23.4% | 2.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.9M | $-56.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.8M | $-162.0K | ||
| Q3 25 | $14.6M | $-11.3M | ||
| Q2 25 | $13.8M | $-18.8M | ||
| Q1 25 | $-9.6M | $-20.7M | ||
| Q4 24 | $9.6M | $-20.7M | ||
| Q3 24 | $19.7M | $-12.5M | ||
| Q2 24 | $2.9M | $-14.2M | ||
| Q1 24 | $7.4M | $-11.2M |
| Q4 25 | $16.1M | $-2.0M | ||
| Q3 25 | $6.0M | $-13.1M | ||
| Q2 25 | $4.1M | $-20.4M | ||
| Q1 25 | $-22.3M | $-21.5M | ||
| Q4 24 | $3.9M | $-21.3M | ||
| Q3 24 | $16.5M | $-13.9M | ||
| Q2 24 | $2.5M | $-15.0M | ||
| Q1 24 | $-454.0K | $-14.5M |
| Q4 25 | 27.3% | -3.1% | ||
| Q3 25 | 9.9% | -24.4% | ||
| Q2 25 | 10.2% | -39.7% | ||
| Q1 25 | -63.9% | -51.9% | ||
| Q4 24 | 15.5% | -47.8% | ||
| Q3 24 | 37.1% | -34.6% | ||
| Q2 24 | 5.2% | -33.9% | ||
| Q1 24 | -0.8% | -38.9% |
| Q4 25 | 23.4% | 2.8% | ||
| Q3 25 | 14.1% | 3.4% | ||
| Q2 25 | 23.8% | 3.2% | ||
| Q1 25 | 36.3% | 1.8% | ||
| Q4 24 | 22.5% | 1.2% | ||
| Q3 24 | 7.0% | 3.7% | ||
| Q2 24 | 0.9% | 1.8% | ||
| Q1 24 | 13.4% | 8.9% |
| Q4 25 | — | — | ||
| Q3 25 | 5.51× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| 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
| 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% |
ESTA
Segment breakdown not available.
