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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and Industrial Logistics Properties Trust (ILPT). Click either name above to swap in a different company.
Industrial Logistics Properties Trust is the larger business by last-quarter revenue ($113.9M vs $58.8M, roughly 1.9× CBAK Energy Technology, Inc.). Industrial Logistics Properties Trust runs the higher net margin — -1.6% vs -12.5%, a 11.0% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 3.1%). Industrial Logistics Properties Trust produced more free cash flow last quarter ($42.0M vs $16.1M). Over the past eight quarters, Industrial Logistics Properties Trust's revenue compounded faster (0.7% 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.
Industrial Logistics Properties Trust is a real estate investment trust that owns and operates a portfolio of industrial and logistics real estate assets primarily across the United States. Its holdings include distribution centers, warehouses, and last-mile delivery properties, serving e-commerce, retail, manufacturing and supply chain operators to meet their storage and logistics operation needs.
CBAT vs ILPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.8M | $113.9M |
| Net Profit | $-7.4M | $-1.8M |
| Gross Margin | 7.3% | — |
| Operating Margin | -13.6% | -22.1% |
| Net Margin | -12.5% | -1.6% |
| Revenue YoY | 131.8% | 3.1% |
| Net Profit YoY | -63.6% | 92.6% |
| EPS (diluted) | $-0.08 | $-0.02 |
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 | $113.9M | ||
| Q3 25 | $60.9M | $110.9M | ||
| Q2 25 | $40.5M | $112.1M | ||
| Q1 25 | $34.9M | $111.9M | ||
| Q4 24 | $25.4M | $110.5M | ||
| Q3 24 | $44.6M | $108.9M | ||
| Q2 24 | $47.8M | $110.6M | ||
| Q1 24 | $58.8M | $112.2M |
| Q4 25 | $-7.4M | $-1.8M | ||
| Q3 25 | $2.7M | $-21.6M | ||
| Q2 25 | $-3.1M | $-21.3M | ||
| Q1 25 | $-1.6M | $-21.5M | ||
| Q4 24 | $-4.5M | $-24.1M | ||
| Q3 24 | $17.6K | $-25.0M | ||
| Q2 24 | $6.4M | $-23.2M | ||
| Q1 24 | $9.8M | $-23.4M |
| 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% | — |
| Q4 25 | -13.6% | -22.1% | ||
| Q3 25 | -6.6% | -29.4% | ||
| Q2 25 | -8.7% | -30.8% | ||
| Q1 25 | -8.2% | -26.9% | ||
| Q4 24 | -26.0% | -31.1% | ||
| Q3 24 | -1.9% | -33.5% | ||
| Q2 24 | 12.4% | -32.4% | ||
| Q1 24 | 17.4% | -31.7% |
| Q4 25 | -12.5% | -1.6% | ||
| Q3 25 | 4.4% | -19.4% | ||
| Q2 25 | -7.6% | -19.0% | ||
| Q1 25 | -4.5% | -19.2% | ||
| Q4 24 | -17.8% | -21.8% | ||
| Q3 24 | 0.0% | -22.9% | ||
| Q2 24 | 13.5% | -20.9% | ||
| Q1 24 | 16.7% | -20.9% |
| Q4 25 | $-0.08 | $-0.02 | ||
| Q3 25 | $0.03 | $-0.33 | ||
| Q2 25 | $-0.03 | $-0.32 | ||
| Q1 25 | $-0.02 | $-0.33 | ||
| Q4 24 | $-0.05 | $-0.37 | ||
| Q3 24 | $0.00 | $-0.38 | ||
| Q2 24 | $0.07 | $-0.35 | ||
| Q1 24 | $0.11 | $-0.36 |
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 | $94.8M |
| Total DebtLower is stronger | $4.1M | $4.2B |
| Stockholders' EquityBook value | $112.7M | $489.7M |
| Total Assets | $426.2M | $5.2B |
| Debt / EquityLower = less leverage | 0.04× | 8.56× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.3M | $94.8M | ||
| Q3 25 | $10.5M | $83.2M | ||
| Q2 25 | $45.7M | $58.6M | ||
| Q1 25 | $9.6M | $108.0M | ||
| Q4 24 | $11.0M | $131.7M | ||
| Q3 24 | $24.2M | $153.9M | ||
| Q2 24 | $44.1M | $146.2M | ||
| Q1 24 | $23.8M | $128.4M |
| Q4 25 | $4.1M | $4.2B | ||
| Q3 25 | $4.8M | $4.2B | ||
| Q2 25 | $4.9M | $4.2B | ||
| Q1 25 | $4.1M | $4.3B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.3B | ||
| Q2 24 | — | $4.3B | ||
| Q1 24 | — | $4.3B |
| Q4 25 | $112.7M | $489.7M | ||
| Q3 25 | $121.4M | $494.1M | ||
| Q2 25 | $118.2M | $519.1M | ||
| Q1 25 | $120.8M | $539.5M | ||
| Q4 24 | $121.7M | $562.0M | ||
| Q3 24 | $131.2M | $585.9M | ||
| Q2 24 | $126.6M | $618.3M | ||
| Q1 24 | $120.9M | $643.2M |
| Q4 25 | $426.2M | $5.2B | ||
| Q3 25 | $363.9M | $5.2B | ||
| Q2 25 | $333.1M | $5.2B | ||
| Q1 25 | $311.5M | $5.4B | ||
| Q4 24 | $302.2M | $5.4B | ||
| Q3 24 | $293.5M | $5.5B | ||
| Q2 24 | $279.6M | $5.5B | ||
| Q1 24 | $286.5M | $5.5B |
| Q4 25 | 0.04× | 8.56× | ||
| Q3 25 | 0.04× | 8.49× | ||
| Q2 25 | 0.04× | 8.09× | ||
| Q1 25 | 0.03× | 7.96× | ||
| Q4 24 | — | 7.65× | ||
| Q3 24 | — | 7.35× | ||
| Q2 24 | — | 6.96× | ||
| Q1 24 | — | 6.70× |
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 | $60.7M |
| Free Cash FlowOCF − Capex | $16.1M | $42.0M |
| FCF MarginFCF / Revenue | 27.3% | 36.9% |
| Capex IntensityCapex / Revenue | 23.4% | 16.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.9M | $79.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.8M | $60.7M | ||
| Q3 25 | $14.6M | $22.7M | ||
| Q2 25 | $13.8M | $18.4M | ||
| Q1 25 | $-9.6M | $11.4M | ||
| Q4 24 | $9.6M | $2.0M | ||
| Q3 24 | $19.7M | $-3.4M | ||
| Q2 24 | $2.9M | $10.8M | ||
| Q1 24 | $7.4M | $8.0M |
| Q4 25 | $16.1M | $42.0M | ||
| Q3 25 | $6.0M | $17.6M | ||
| Q2 25 | $4.1M | $15.2M | ||
| Q1 25 | $-22.3M | $5.0M | ||
| Q4 24 | $3.9M | $-3.7M | ||
| Q3 24 | $16.5M | $-5.9M | ||
| Q2 24 | $2.5M | $9.4M | ||
| Q1 24 | $-454.0K | $5.9M |
| Q4 25 | 27.3% | 36.9% | ||
| Q3 25 | 9.9% | 15.9% | ||
| Q2 25 | 10.2% | 13.5% | ||
| Q1 25 | -63.9% | 4.5% | ||
| Q4 24 | 15.5% | -3.4% | ||
| Q3 24 | 37.1% | -5.5% | ||
| Q2 24 | 5.2% | 8.5% | ||
| Q1 24 | -0.8% | 5.2% |
| Q4 25 | 23.4% | 16.4% | ||
| Q3 25 | 14.1% | 4.6% | ||
| Q2 25 | 23.8% | 2.9% | ||
| Q1 25 | 36.3% | 5.7% | ||
| Q4 24 | 22.5% | 5.2% | ||
| Q3 24 | 7.0% | 2.3% | ||
| Q2 24 | 0.9% | 1.3% | ||
| Q1 24 | 13.4% | 1.9% |
| 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% |
ILPT
Segment breakdown not available.
