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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and FARMERS NATIONAL BANC CORP (FMNB). Click either name above to swap in a different company.

FARMERS NATIONAL BANC CORP is the larger business by last-quarter revenue ($71.5M vs $58.8M, roughly 1.2× CBAK Energy Technology, Inc.). FARMERS NATIONAL BANC CORP runs the higher net margin — 20.5% vs -12.5%, a 33.0% 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%). FARMERS NATIONAL BANC CORP produced more free cash flow last quarter ($52.2M vs $16.1M). Over the past eight quarters, FARMERS NATIONAL BANC CORP's revenue compounded faster (6.2% 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.

Farmers National Banc Corp (OH) is a regional financial holding company based in Ohio, the United States. It offers full-spectrum retail and commercial banking products, wealth management solutions, and insurance services, primarily catering to individual consumers, small and medium-sized enterprises, and local community clients in Ohio and adjacent Midwestern U.S. regions.

CBAT vs FMNB — Head-to-Head

Bigger by revenue
FMNB
FMNB
1.2× larger
FMNB
$71.5M
$58.8M
CBAT
Growing faster (revenue YoY)
CBAT
CBAT
+128.6% gap
CBAT
131.8%
3.2%
FMNB
Higher net margin
FMNB
FMNB
33.0% more per $
FMNB
20.5%
-12.5%
CBAT
More free cash flow
FMNB
FMNB
$36.1M more FCF
FMNB
$52.2M
$16.1M
CBAT
Faster 2-yr revenue CAGR
FMNB
FMNB
Annualised
FMNB
6.2%
-0.0%
CBAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CBAT
CBAT
FMNB
FMNB
Revenue
$58.8M
$71.5M
Net Profit
$-7.4M
$14.6M
Gross Margin
7.3%
Operating Margin
-13.6%
24.8%
Net Margin
-12.5%
20.5%
Revenue YoY
131.8%
3.2%
Net Profit YoY
-63.6%
1.7%
EPS (diluted)
$-0.08
$0.39

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
FMNB
FMNB
Q4 25
$58.8M
$71.5M
Q3 25
$60.9M
$70.8M
Q2 25
$40.5M
$69.8M
Q1 25
$34.9M
$67.8M
Q4 24
$25.4M
$69.3M
Q3 24
$44.6M
$70.3M
Q2 24
$47.8M
$66.5M
Q1 24
$58.8M
$63.4M
Net Profit
CBAT
CBAT
FMNB
FMNB
Q4 25
$-7.4M
$14.6M
Q3 25
$2.7M
$12.5M
Q2 25
$-3.1M
$13.9M
Q1 25
$-1.6M
$13.6M
Q4 24
$-4.5M
$14.4M
Q3 24
$17.6K
$8.5M
Q2 24
$6.4M
$11.8M
Q1 24
$9.8M
$11.2M
Gross Margin
CBAT
CBAT
FMNB
FMNB
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
FMNB
FMNB
Q4 25
-13.6%
24.8%
Q3 25
-6.6%
20.7%
Q2 25
-8.7%
23.4%
Q1 25
-8.2%
24.1%
Q4 24
-26.0%
25.5%
Q3 24
-1.9%
14.4%
Q2 24
12.4%
21.3%
Q1 24
17.4%
21.2%
Net Margin
CBAT
CBAT
FMNB
FMNB
Q4 25
-12.5%
20.5%
Q3 25
4.4%
17.6%
Q2 25
-7.6%
19.9%
Q1 25
-4.5%
20.0%
Q4 24
-17.8%
20.8%
Q3 24
0.0%
12.1%
Q2 24
13.5%
17.7%
Q1 24
16.7%
17.7%
EPS (diluted)
CBAT
CBAT
FMNB
FMNB
Q4 25
$-0.08
$0.39
Q3 25
$0.03
$0.33
Q2 25
$-0.03
$0.37
Q1 25
$-0.02
$0.36
Q4 24
$-0.05
$0.38
Q3 24
$0.00
$0.23
Q2 24
$0.07
$0.31
Q1 24
$0.11
$0.30

Balance Sheet & Financial Strength

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

Metric
CBAT
CBAT
FMNB
FMNB
Cash + ST InvestmentsLiquidity on hand
$8.3M
Total DebtLower is stronger
$4.1M
$86.7M
Stockholders' EquityBook value
$112.7M
$485.7M
Total Assets
$426.2M
$5.2B
Debt / EquityLower = less leverage
0.04×
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBAT
CBAT
FMNB
FMNB
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
FMNB
FMNB
Q4 25
$4.1M
$86.7M
Q3 25
$4.8M
$86.6M
Q2 25
$4.9M
$86.4M
Q1 25
$4.1M
$86.3M
Q4 24
$86.2M
Q3 24
$86.0M
Q2 24
$88.9M
Q1 24
$88.8M
Stockholders' Equity
CBAT
CBAT
FMNB
FMNB
Q4 25
$112.7M
$485.7M
Q3 25
$121.4M
$465.9M
Q2 25
$118.2M
$437.7M
Q1 25
$120.8M
$429.1M
Q4 24
$121.7M
$406.0M
Q3 24
$131.2M
$439.7M
Q2 24
$126.6M
$396.7M
Q1 24
$120.9M
$397.0M
Total Assets
CBAT
CBAT
FMNB
FMNB
Q4 25
$426.2M
$5.2B
Q3 25
$363.9M
$5.2B
Q2 25
$333.1M
$5.2B
Q1 25
$311.5M
$5.2B
Q4 24
$302.2M
$5.1B
Q3 24
$293.5M
$5.2B
Q2 24
$279.6M
$5.2B
Q1 24
$286.5M
$5.1B
Debt / Equity
CBAT
CBAT
FMNB
FMNB
Q4 25
0.04×
0.18×
Q3 25
0.04×
0.19×
Q2 25
0.04×
0.20×
Q1 25
0.03×
0.20×
Q4 24
0.21×
Q3 24
0.20×
Q2 24
0.22×
Q1 24
0.22×

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
FMNB
FMNB
Operating Cash FlowLast quarter
$29.8M
$60.0M
Free Cash FlowOCF − Capex
$16.1M
$52.2M
FCF MarginFCF / Revenue
27.3%
73.0%
Capex IntensityCapex / Revenue
23.4%
11.0%
Cash ConversionOCF / Net Profit
4.10×
TTM Free Cash FlowTrailing 4 quarters
$3.9M
$85.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBAT
CBAT
FMNB
FMNB
Q4 25
$29.8M
$60.0M
Q3 25
$14.6M
$10.7M
Q2 25
$13.8M
$14.0M
Q1 25
$-9.6M
$15.7M
Q4 24
$9.6M
$66.6M
Q3 24
$19.7M
$23.9M
Q2 24
$2.9M
$16.6M
Q1 24
$7.4M
$13.7M
Free Cash Flow
CBAT
CBAT
FMNB
FMNB
Q4 25
$16.1M
$52.2M
Q3 25
$6.0M
$9.0M
Q2 25
$4.1M
$12.4M
Q1 25
$-22.3M
$12.2M
Q4 24
$3.9M
$54.9M
Q3 24
$16.5M
$20.4M
Q2 24
$2.5M
$14.4M
Q1 24
$-454.0K
$12.2M
FCF Margin
CBAT
CBAT
FMNB
FMNB
Q4 25
27.3%
73.0%
Q3 25
9.9%
12.8%
Q2 25
10.2%
17.8%
Q1 25
-63.9%
18.0%
Q4 24
15.5%
79.2%
Q3 24
37.1%
29.1%
Q2 24
5.2%
21.6%
Q1 24
-0.8%
19.2%
Capex Intensity
CBAT
CBAT
FMNB
FMNB
Q4 25
23.4%
11.0%
Q3 25
14.1%
2.4%
Q2 25
23.8%
2.3%
Q1 25
36.3%
5.2%
Q4 24
22.5%
16.9%
Q3 24
7.0%
4.9%
Q2 24
0.9%
3.3%
Q1 24
13.4%
2.4%
Cash Conversion
CBAT
CBAT
FMNB
FMNB
Q4 25
4.10×
Q3 25
5.51×
0.86×
Q2 25
1.01×
Q1 25
1.15×
Q4 24
4.63×
Q3 24
1115.72×
2.80×
Q2 24
0.46×
1.41×
Q1 24
0.76×
1.22×

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%

FMNB
FMNB

Segment breakdown not available.

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