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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and GYRE THERAPEUTICS, INC. (GYRE). 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 $37.2M, roughly 1.6× GYRE THERAPEUTICS, INC.). GYRE THERAPEUTICS, INC. runs the higher net margin — -3.7% vs -12.5%, a 8.9% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 33.4%). CBAK Energy Technology, Inc. produced more free cash flow last quarter ($16.1M vs $-5.8M). Over the past eight quarters, GYRE THERAPEUTICS, INC.'s revenue compounded faster (17.0% 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.

GYRE Therapeutics, Inc. is a clinical-stage biopharmaceutical company dedicated to developing novel targeted therapies for hard-to-treat hematologic malignancies and solid tumors. It focuses on precision oncology to address unmet patient needs, with operations primarily based in North America.

CBAT vs GYRE — Head-to-Head

Bigger by revenue
CBAT
CBAT
1.6× larger
CBAT
$58.8M
$37.2M
GYRE
Growing faster (revenue YoY)
CBAT
CBAT
+98.3% gap
CBAT
131.8%
33.4%
GYRE
Higher net margin
GYRE
GYRE
8.9% more per $
GYRE
-3.7%
-12.5%
CBAT
More free cash flow
CBAT
CBAT
$21.8M more FCF
CBAT
$16.1M
$-5.8M
GYRE
Faster 2-yr revenue CAGR
GYRE
GYRE
Annualised
GYRE
17.0%
-0.0%
CBAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CBAT
CBAT
GYRE
GYRE
Revenue
$58.8M
$37.2M
Net Profit
$-7.4M
$-1.4M
Gross Margin
7.3%
95.3%
Operating Margin
-13.6%
0.3%
Net Margin
-12.5%
-3.7%
Revenue YoY
131.8%
33.4%
Net Profit YoY
-63.6%
-340.1%
EPS (diluted)
$-0.08
$-0.01

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
GYRE
GYRE
Q4 25
$58.8M
$37.2M
Q3 25
$60.9M
$30.6M
Q2 25
$40.5M
$26.8M
Q1 25
$34.9M
$22.1M
Q4 24
$25.4M
$27.9M
Q3 24
$44.6M
$25.5M
Q2 24
$47.8M
$25.2M
Q1 24
$58.8M
$27.2M
Net Profit
CBAT
CBAT
GYRE
GYRE
Q4 25
$-7.4M
$-1.4M
Q3 25
$2.7M
$5.9M
Q2 25
$-3.1M
$1.6M
Q1 25
$-1.6M
$3.7M
Q4 24
$-4.5M
$569.0K
Q3 24
$17.6K
$2.9M
Q2 24
$6.4M
$4.5M
Q1 24
$9.8M
$9.9M
Gross Margin
CBAT
CBAT
GYRE
GYRE
Q4 25
7.3%
95.3%
Q3 25
8.0%
94.7%
Q2 25
11.0%
95.7%
Q1 25
13.7%
95.9%
Q4 24
13.1%
95.8%
Q3 24
15.6%
96.2%
Q2 24
26.6%
96.9%
Q1 24
31.9%
96.4%
Operating Margin
CBAT
CBAT
GYRE
GYRE
Q4 25
-13.6%
0.3%
Q3 25
-6.6%
22.7%
Q2 25
-8.7%
8.1%
Q1 25
-8.2%
10.3%
Q4 24
-26.0%
2.4%
Q3 24
-1.9%
16.6%
Q2 24
12.4%
12.7%
Q1 24
17.4%
29.7%
Net Margin
CBAT
CBAT
GYRE
GYRE
Q4 25
-12.5%
-3.7%
Q3 25
4.4%
19.4%
Q2 25
-7.6%
5.9%
Q1 25
-4.5%
16.9%
Q4 24
-17.8%
2.0%
Q3 24
0.0%
11.2%
Q2 24
13.5%
18.0%
Q1 24
16.7%
36.6%
EPS (diluted)
CBAT
CBAT
GYRE
GYRE
Q4 25
$-0.08
$-0.01
Q3 25
$0.03
$0.03
Q2 25
$-0.03
$0.00
Q1 25
$-0.02
$0.00
Q4 24
$-0.05
$0.00
Q3 24
$0.00
$0.01
Q2 24
$0.07
$0.01
Q1 24
$0.11
$0.03

Balance Sheet & Financial Strength

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

Metric
CBAT
CBAT
GYRE
GYRE
Cash + ST InvestmentsLiquidity on hand
$8.3M
$52.4M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$112.7M
$106.0M
Total Assets
$426.2M
$166.1M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBAT
CBAT
GYRE
GYRE
Q4 25
$8.3M
$52.4M
Q3 25
$10.5M
$60.0M
Q2 25
$45.7M
$54.4M
Q1 25
$9.6M
$29.9M
Q4 24
$11.0M
$26.7M
Q3 24
$24.2M
$25.1M
Q2 24
$44.1M
$25.1M
Q1 24
$23.8M
$37.4M
Total Debt
CBAT
CBAT
GYRE
GYRE
Q4 25
$4.1M
Q3 25
$4.8M
Q2 25
$4.9M
Q1 25
$4.1M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CBAT
CBAT
GYRE
GYRE
Q4 25
$112.7M
$106.0M
Q3 25
$121.4M
$101.9M
Q2 25
$118.2M
$92.0M
Q1 25
$120.8M
$68.1M
Q4 24
$121.7M
$63.3M
Q3 24
$131.2M
$63.2M
Q2 24
$126.6M
$60.4M
Q1 24
$120.9M
$56.6M
Total Assets
CBAT
CBAT
GYRE
GYRE
Q4 25
$426.2M
$166.1M
Q3 25
$363.9M
$159.4M
Q2 25
$333.1M
$152.6M
Q1 25
$311.5M
$129.8M
Q4 24
$302.2M
$125.4M
Q3 24
$293.5M
$125.2M
Q2 24
$279.6M
$120.9M
Q1 24
$286.5M
$122.0M
Debt / Equity
CBAT
CBAT
GYRE
GYRE
Q4 25
0.04×
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
GYRE
GYRE
Operating Cash FlowLast quarter
$29.8M
$-5.6M
Free Cash FlowOCF − Capex
$16.1M
$-5.8M
FCF MarginFCF / Revenue
27.3%
-15.5%
Capex IntensityCapex / Revenue
23.4%
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$3.9M
$-180.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBAT
CBAT
GYRE
GYRE
Q4 25
$29.8M
$-5.6M
Q3 25
$14.6M
$4.7M
Q2 25
$13.8M
$2.1M
Q1 25
$-9.6M
$-129.0K
Q4 24
$9.6M
$-2.8M
Q3 24
$19.7M
$1.7M
Q2 24
$2.9M
$-5.5M
Q1 24
$7.4M
$2.9M
Free Cash Flow
CBAT
CBAT
GYRE
GYRE
Q4 25
$16.1M
$-5.8M
Q3 25
$6.0M
$4.0M
Q2 25
$4.1M
$1.8M
Q1 25
$-22.3M
$-251.0K
Q4 24
$3.9M
$-2.8M
Q3 24
$16.5M
$1.0M
Q2 24
$2.5M
$-6.9M
Q1 24
$-454.0K
$2.7M
FCF Margin
CBAT
CBAT
GYRE
GYRE
Q4 25
27.3%
-15.5%
Q3 25
9.9%
13.1%
Q2 25
10.2%
6.8%
Q1 25
-63.9%
-1.1%
Q4 24
15.5%
-10.1%
Q3 24
37.1%
4.1%
Q2 24
5.2%
-27.5%
Q1 24
-0.8%
9.8%
Capex Intensity
CBAT
CBAT
GYRE
GYRE
Q4 25
23.4%
0.4%
Q3 25
14.1%
2.2%
Q2 25
23.8%
1.0%
Q1 25
36.3%
0.6%
Q4 24
22.5%
0.2%
Q3 24
7.0%
2.7%
Q2 24
0.9%
5.8%
Q1 24
13.4%
0.9%
Cash Conversion
CBAT
CBAT
GYRE
GYRE
Q4 25
Q3 25
5.51×
0.79×
Q2 25
1.32×
Q1 25
-0.03×
Q4 24
-4.85×
Q3 24
1115.72×
0.60×
Q2 24
0.46×
-1.21×
Q1 24
0.76×
0.29×

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%

GYRE
GYRE

Segment breakdown not available.

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