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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and FIRST MID BANCSHARES, INC. (FMBH). Click either name above to swap in a different company.

FIRST MID BANCSHARES, INC. is the larger business by last-quarter revenue ($88.2M vs $58.8M, roughly 1.5× CBAK Energy Technology, Inc.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs -12.5%, a 39.4% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 3.4%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $16.1M). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% 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.

First Mid Bancshares Inc. is a U.S.-headquartered regional financial services holding company. It provides full-range retail and commercial banking products, wealth management, insurance solutions, and agricultural financing, mainly serving individual consumers, small and medium-sized enterprises, and agricultural clients across multiple Midwestern states including Illinois, Missouri, and Indiana.

CBAT vs FMBH — Head-to-Head

Bigger by revenue
FMBH
FMBH
1.5× larger
FMBH
$88.2M
$58.8M
CBAT
Growing faster (revenue YoY)
CBAT
CBAT
+128.4% gap
CBAT
131.8%
3.4%
FMBH
Higher net margin
FMBH
FMBH
39.4% more per $
FMBH
26.8%
-12.5%
CBAT
More free cash flow
FMBH
FMBH
$108.0M more FCF
FMBH
$124.0M
$16.1M
CBAT
Faster 2-yr revenue CAGR
FMBH
FMBH
Annualised
FMBH
5.0%
-0.0%
CBAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CBAT
CBAT
FMBH
FMBH
Revenue
$58.8M
$88.2M
Net Profit
$-7.4M
$23.7M
Gross Margin
7.3%
Operating Margin
-13.6%
34.0%
Net Margin
-12.5%
26.8%
Revenue YoY
131.8%
3.4%
Net Profit YoY
-63.6%
23.5%
EPS (diluted)
$-0.08
$0.98

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
FMBH
FMBH
Q4 25
$58.8M
$88.2M
Q3 25
$60.9M
$89.3M
Q2 25
$40.5M
$87.5M
Q1 25
$34.9M
$84.3M
Q4 24
$25.4M
$85.3M
Q3 24
$44.6M
$80.6M
Q2 24
$47.8M
$79.2M
Q1 24
$58.8M
$79.9M
Net Profit
CBAT
CBAT
FMBH
FMBH
Q4 25
$-7.4M
$23.7M
Q3 25
$2.7M
$22.5M
Q2 25
$-3.1M
$23.4M
Q1 25
$-1.6M
$22.2M
Q4 24
$-4.5M
$19.2M
Q3 24
$17.6K
$19.5M
Q2 24
$6.4M
$19.7M
Q1 24
$9.8M
$20.5M
Gross Margin
CBAT
CBAT
FMBH
FMBH
Q4 25
7.3%
Q3 25
8.0%
Q2 25
11.0%
Q1 25
13.7%
Q4 24
13.1%
Q3 24
15.6%
Q2 24
26.6%
Q1 24
31.9%
Operating Margin
CBAT
CBAT
FMBH
FMBH
Q4 25
-13.6%
34.0%
Q3 25
-6.6%
32.2%
Q2 25
-8.7%
34.4%
Q1 25
-8.2%
33.4%
Q4 24
-26.0%
29.7%
Q3 24
-1.9%
31.5%
Q2 24
12.4%
33.7%
Q1 24
17.4%
33.7%
Net Margin
CBAT
CBAT
FMBH
FMBH
Q4 25
-12.5%
26.8%
Q3 25
4.4%
25.2%
Q2 25
-7.6%
26.8%
Q1 25
-4.5%
26.3%
Q4 24
-17.8%
22.5%
Q3 24
0.0%
24.2%
Q2 24
13.5%
24.9%
Q1 24
16.7%
25.6%
EPS (diluted)
CBAT
CBAT
FMBH
FMBH
Q4 25
$-0.08
$0.98
Q3 25
$0.03
$0.94
Q2 25
$-0.03
$0.98
Q1 25
$-0.02
$0.93
Q4 24
$-0.05
$0.81
Q3 24
$0.00
$0.81
Q2 24
$0.07
$0.82
Q1 24
$0.11
$0.86

Balance Sheet & Financial Strength

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

Metric
CBAT
CBAT
FMBH
FMBH
Cash + ST InvestmentsLiquidity on hand
$8.3M
Total DebtLower is stronger
$4.1M
$354.5M
Stockholders' EquityBook value
$112.7M
$958.7M
Total Assets
$426.2M
$8.0B
Debt / EquityLower = less leverage
0.04×
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBAT
CBAT
FMBH
FMBH
Q4 25
$8.3M
Q3 25
$10.5M
Q2 25
$45.7M
Q1 25
$9.6M
Q4 24
$11.0M
Q3 24
$24.2M
Q2 24
$44.1M
Q1 24
$23.8M
Total Debt
CBAT
CBAT
FMBH
FMBH
Q4 25
$4.1M
$354.5M
Q3 25
$4.8M
Q2 25
$4.9M
Q1 25
$4.1M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CBAT
CBAT
FMBH
FMBH
Q4 25
$112.7M
$958.7M
Q3 25
$121.4M
$932.2M
Q2 25
$118.2M
$894.1M
Q1 25
$120.8M
$870.9M
Q4 24
$121.7M
$846.4M
Q3 24
$131.2M
$858.5M
Q2 24
$126.6M
$813.6M
Q1 24
$120.9M
$798.0M
Total Assets
CBAT
CBAT
FMBH
FMBH
Q4 25
$426.2M
$8.0B
Q3 25
$363.9M
$7.8B
Q2 25
$333.1M
$7.7B
Q1 25
$311.5M
$7.6B
Q4 24
$302.2M
$7.5B
Q3 24
$293.5M
$7.6B
Q2 24
$279.6M
$7.6B
Q1 24
$286.5M
$7.7B
Debt / Equity
CBAT
CBAT
FMBH
FMBH
Q4 25
0.04×
0.37×
Q3 25
0.04×
Q2 25
0.04×
Q1 25
0.03×
Q4 24
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
CBAT
CBAT
FMBH
FMBH
Operating Cash FlowLast quarter
$29.8M
$130.9M
Free Cash FlowOCF − Capex
$16.1M
$124.0M
FCF MarginFCF / Revenue
27.3%
140.6%
Capex IntensityCapex / Revenue
23.4%
7.8%
Cash ConversionOCF / Net Profit
5.53×
TTM Free Cash FlowTrailing 4 quarters
$3.9M
$207.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBAT
CBAT
FMBH
FMBH
Q4 25
$29.8M
$130.9M
Q3 25
$14.6M
$33.0M
Q2 25
$13.8M
$7.7M
Q1 25
$-9.6M
$47.9M
Q4 24
$9.6M
$124.4M
Q3 24
$19.7M
$33.1M
Q2 24
$2.9M
$24.0M
Q1 24
$7.4M
$29.0M
Free Cash Flow
CBAT
CBAT
FMBH
FMBH
Q4 25
$16.1M
$124.0M
Q3 25
$6.0M
$31.9M
Q2 25
$4.1M
$6.0M
Q1 25
$-22.3M
$46.0M
Q4 24
$3.9M
$119.5M
Q3 24
$16.5M
$32.0M
Q2 24
$2.5M
$22.9M
Q1 24
$-454.0K
$27.6M
FCF Margin
CBAT
CBAT
FMBH
FMBH
Q4 25
27.3%
140.6%
Q3 25
9.9%
35.8%
Q2 25
10.2%
6.8%
Q1 25
-63.9%
54.5%
Q4 24
15.5%
140.0%
Q3 24
37.1%
39.7%
Q2 24
5.2%
28.9%
Q1 24
-0.8%
34.5%
Capex Intensity
CBAT
CBAT
FMBH
FMBH
Q4 25
23.4%
7.8%
Q3 25
14.1%
1.2%
Q2 25
23.8%
2.0%
Q1 25
36.3%
2.3%
Q4 24
22.5%
5.8%
Q3 24
7.0%
1.4%
Q2 24
0.9%
1.4%
Q1 24
13.4%
1.9%
Cash Conversion
CBAT
CBAT
FMBH
FMBH
Q4 25
5.53×
Q3 25
5.51×
1.47×
Q2 25
0.33×
Q1 25
2.16×
Q4 24
6.49×
Q3 24
1115.72×
1.70×
Q2 24
0.46×
1.21×
Q1 24
0.76×
1.42×

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%

FMBH
FMBH

Segment breakdown not available.

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