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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and Inogen Inc (INGN). Click either name above to swap in a different company.
Inogen Inc is the larger business by last-quarter revenue ($68.6M vs $58.8M, roughly 1.2× CBAK Energy Technology, Inc.). On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 3.4%). CBAK Energy Technology, Inc. produced more free cash flow last quarter ($16.1M vs $-1.9M). Over the past eight quarters, Inogen Inc's revenue compounded faster (4.2% 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.
Inogen Inc is a medical technology firm specializing in the development, production and distribution of portable oxygen concentrators and associated respiratory care products. It caters primarily to patients with chronic respiratory conditions needing long-term oxygen therapy across North America, Europe and other global markets, focusing on home care and ambulatory patient segments to enhance users' quality of life.
CBAT vs INGN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.8M | $68.6M |
| Net Profit | $-7.4M | — |
| Gross Margin | 7.3% | 51.4% |
| Operating Margin | -13.6% | -13.6% |
| Net Margin | -12.5% | — |
| Revenue YoY | 131.8% | 3.4% |
| Net Profit YoY | -63.6% | — |
| EPS (diluted) | $-0.08 | $-0.26 |
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 | $68.6M | ||
| Q3 25 | $60.9M | $79.1M | ||
| Q2 25 | $40.5M | $79.2M | ||
| Q1 25 | $34.9M | $68.5M | ||
| Q4 24 | $25.4M | $66.3M | ||
| Q3 24 | $44.6M | $74.9M | ||
| Q2 24 | $47.8M | $74.4M | ||
| Q1 24 | $58.8M | $63.1M |
| Q4 25 | $-7.4M | — | ||
| Q3 25 | $2.7M | $-5.3M | ||
| Q2 25 | $-3.1M | $-4.2M | ||
| Q1 25 | $-1.6M | $-6.2M | ||
| Q4 24 | $-4.5M | — | ||
| Q3 24 | $17.6K | $-6.0M | ||
| Q2 24 | $6.4M | $-5.6M | ||
| Q1 24 | $9.8M | $-14.6M |
| Q4 25 | 7.3% | 51.4% | ||
| Q3 25 | 8.0% | 52.2% | ||
| Q2 25 | 11.0% | 52.2% | ||
| Q1 25 | 13.7% | 53.1% | ||
| Q4 24 | 13.1% | 54.7% | ||
| Q3 24 | 15.6% | 55.2% | ||
| Q2 24 | 26.6% | 57.4% | ||
| Q1 24 | 31.9% | 54.5% |
| Q4 25 | -13.6% | -13.6% | ||
| Q3 25 | -6.6% | -9.0% | ||
| Q2 25 | -8.7% | -7.7% | ||
| Q1 25 | -8.2% | -11.2% | ||
| Q4 24 | -26.0% | -17.2% | ||
| Q3 24 | -1.9% | -10.4% | ||
| Q2 24 | 12.4% | -9.5% | ||
| Q1 24 | 17.4% | -25.8% |
| Q4 25 | -12.5% | — | ||
| Q3 25 | 4.4% | -6.7% | ||
| Q2 25 | -7.6% | -5.2% | ||
| Q1 25 | -4.5% | -9.0% | ||
| Q4 24 | -17.8% | — | ||
| Q3 24 | 0.0% | -8.0% | ||
| Q2 24 | 13.5% | -7.5% | ||
| Q1 24 | 16.7% | -23.1% |
| Q4 25 | $-0.08 | $-0.26 | ||
| Q3 25 | $0.03 | $-0.20 | ||
| Q2 25 | $-0.03 | $-0.15 | ||
| Q1 25 | $-0.02 | $-0.25 | ||
| Q4 24 | $-0.05 | $-0.41 | ||
| Q3 24 | $0.00 | $-0.25 | ||
| Q2 24 | $0.07 | $-0.24 | ||
| Q1 24 | $0.11 | $-0.62 |
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 | $103.7M |
| Total DebtLower is stronger | $4.1M | — |
| Stockholders' EquityBook value | $112.7M | $192.2M |
| Total Assets | $426.2M | $298.6M |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.3M | $103.7M | ||
| Q3 25 | $10.5M | $106.5M | ||
| Q2 25 | $45.7M | $103.7M | ||
| Q1 25 | $9.6M | $118.9M | ||
| Q4 24 | $11.0M | $113.8M | ||
| Q3 24 | $24.2M | $105.7M | ||
| Q2 24 | $44.1M | $97.9M | ||
| Q1 24 | $23.8M | $107.4M |
| Q4 25 | $4.1M | — | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $4.9M | — | ||
| Q1 25 | $4.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $112.7M | $192.2M | ||
| Q3 25 | $121.4M | $197.2M | ||
| Q2 25 | $118.2M | $199.5M | ||
| Q1 25 | $120.8M | $198.0M | ||
| Q4 24 | $121.7M | $173.9M | ||
| Q3 24 | $131.2M | $185.4M | ||
| Q2 24 | $126.6M | $187.6M | ||
| Q1 24 | $120.9M | $191.9M |
| Q4 25 | $426.2M | $298.6M | ||
| Q3 25 | $363.9M | $307.0M | ||
| Q2 25 | $333.1M | $312.0M | ||
| Q1 25 | $311.5M | $308.4M | ||
| Q4 24 | $302.2M | $296.2M | ||
| Q3 24 | $293.5M | $306.2M | ||
| Q2 24 | $279.6M | $308.9M | ||
| Q1 24 | $286.5M | $315.6M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $29.8M | $-943.0K |
| Free Cash FlowOCF − Capex | $16.1M | $-1.9M |
| FCF MarginFCF / Revenue | 27.3% | -2.8% |
| Capex IntensityCapex / Revenue | 23.4% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.9M | $-13.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.8M | $-943.0K | ||
| Q3 25 | $14.6M | $2.2M | ||
| Q2 25 | $13.8M | $4.3M | ||
| Q1 25 | $-9.6M | $-16.8M | ||
| Q4 24 | $9.6M | $-3.0M | ||
| Q3 24 | $19.7M | $7.0M | ||
| Q2 24 | $2.9M | $6.7M | ||
| Q1 24 | $7.4M | $-4.7M |
| Q4 25 | $16.1M | $-1.9M | ||
| Q3 25 | $6.0M | $1.6M | ||
| Q2 25 | $4.1M | $3.7M | ||
| Q1 25 | $-22.3M | $-17.1M | ||
| Q4 24 | $3.9M | $-3.3M | ||
| Q3 24 | $16.5M | $5.3M | ||
| Q2 24 | $2.5M | $6.6M | ||
| Q1 24 | $-454.0K | $-6.1M |
| Q4 25 | 27.3% | -2.8% | ||
| Q3 25 | 9.9% | 2.0% | ||
| Q2 25 | 10.2% | 4.6% | ||
| Q1 25 | -63.9% | -24.9% | ||
| Q4 24 | 15.5% | -5.0% | ||
| Q3 24 | 37.1% | 7.1% | ||
| Q2 24 | 5.2% | 8.9% | ||
| Q1 24 | -0.8% | -9.6% |
| Q4 25 | 23.4% | 1.4% | ||
| Q3 25 | 14.1% | 0.7% | ||
| Q2 25 | 23.8% | 0.9% | ||
| Q1 25 | 36.3% | 0.4% | ||
| Q4 24 | 22.5% | 0.5% | ||
| Q3 24 | 7.0% | 2.2% | ||
| Q2 24 | 0.9% | 0.1% | ||
| Q1 24 | 13.4% | 2.1% |
| 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% |
INGN
| Other | $36.1M | 53% |
| Non Us | $32.5M | 47% |
