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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and LandBridge Co LLC (LB). 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 $56.8M, roughly 1.0× LandBridge Co LLC). LandBridge Co LLC runs the higher net margin — 14.2% vs -12.5%, a 26.7% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 55.6%). LandBridge Co LLC produced more free cash flow last quarter ($122.0M vs $16.1M). Over the past eight quarters, LandBridge Co LLC's revenue compounded faster (72.8% 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.
CBAT vs LB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.8M | $56.8M |
| Net Profit | $-7.4M | $8.1M |
| Gross Margin | 7.3% | — |
| Operating Margin | -13.6% | 60.0% |
| Net Margin | -12.5% | 14.2% |
| Revenue YoY | 131.8% | 55.6% |
| Net Profit YoY | -63.6% | -83.7% |
| EPS (diluted) | $-0.08 | $0.24 |
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 | $56.8M | ||
| Q3 25 | $60.9M | $50.8M | ||
| Q2 25 | $40.5M | $47.5M | ||
| Q1 25 | $34.9M | $44.0M | ||
| Q4 24 | $25.4M | $36.5M | ||
| Q3 24 | $44.6M | $28.5M | ||
| Q2 24 | $47.8M | $26.0M | ||
| Q1 24 | $58.8M | $19.0M |
| Q4 25 | $-7.4M | $8.1M | ||
| Q3 25 | $2.7M | $8.1M | ||
| Q2 25 | $-3.1M | $7.5M | ||
| Q1 25 | $-1.6M | $6.5M | ||
| Q4 24 | $-4.5M | $49.3M | ||
| Q3 24 | $17.6K | $2.7M | ||
| Q2 24 | $6.4M | $-57.7M | ||
| Q1 24 | $9.8M | $10.8M |
| 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% | 60.0% | ||
| Q3 25 | -6.6% | 60.8% | ||
| Q2 25 | -8.7% | 60.0% | ||
| Q1 25 | -8.2% | 57.0% | ||
| Q4 24 | -26.0% | 49.4% | ||
| Q3 24 | -1.9% | 11.2% | ||
| Q2 24 | 12.4% | -197.4% | ||
| Q1 24 | 17.4% | 71.1% |
| Q4 25 | -12.5% | 14.2% | ||
| Q3 25 | 4.4% | 15.9% | ||
| Q2 25 | -7.6% | 15.8% | ||
| Q1 25 | -4.5% | 14.7% | ||
| Q4 24 | -17.8% | 135.2% | ||
| Q3 24 | 0.0% | 9.3% | ||
| Q2 24 | 13.5% | -222.1% | ||
| Q1 24 | 16.7% | 56.7% |
| Q4 25 | $-0.08 | $0.24 | ||
| Q3 25 | $0.03 | $0.26 | ||
| Q2 25 | $-0.03 | $0.24 | ||
| Q1 25 | $-0.02 | $0.20 | ||
| Q4 24 | $-0.05 | — | ||
| Q3 24 | $0.00 | $-0.04 | ||
| Q2 24 | $0.07 | — | ||
| Q1 24 | $0.11 | — |
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 | $30.7M |
| Total DebtLower is stronger | $4.1M | $570.7M |
| Stockholders' EquityBook value | $112.7M | $340.3M |
| Total Assets | $426.2M | $1.4B |
| Debt / EquityLower = less leverage | 0.04× | 1.68× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.3M | $30.7M | ||
| Q3 25 | $10.5M | $28.3M | ||
| Q2 25 | $45.7M | $20.3M | ||
| Q1 25 | $9.6M | $14.9M | ||
| Q4 24 | $11.0M | $37.0M | ||
| Q3 24 | $24.2M | $14.4M | ||
| Q2 24 | $44.1M | $24.6M | ||
| Q1 24 | $23.8M | — |
| Q4 25 | $4.1M | $570.7M | ||
| Q3 25 | $4.8M | $366.1M | ||
| Q2 25 | $4.9M | $370.9M | ||
| Q1 25 | $4.1M | $375.5M | ||
| Q4 24 | — | $385.5M | ||
| Q3 24 | — | $242.4M | ||
| Q2 24 | — | $360.8M | ||
| Q1 24 | — | — |
| Q4 25 | $112.7M | $340.3M | ||
| Q3 25 | $121.4M | $272.0M | ||
| Q2 25 | $118.2M | $266.4M | ||
| Q1 25 | $120.8M | $217.0M | ||
| Q4 24 | $121.7M | $211.8M | ||
| Q3 24 | $131.2M | $97.2M | ||
| Q2 24 | $126.6M | $296.4M | ||
| Q1 24 | $120.9M | $162.3M |
| Q4 25 | $426.2M | $1.4B | ||
| Q3 25 | $363.9M | $1.1B | ||
| Q2 25 | $333.1M | $1.1B | ||
| Q1 25 | $311.5M | $1.0B | ||
| Q4 24 | $302.2M | $1.0B | ||
| Q3 24 | $293.5M | $689.9M | ||
| Q2 24 | $279.6M | $710.5M | ||
| Q1 24 | $286.5M | — |
| Q4 25 | 0.04× | 1.68× | ||
| Q3 25 | 0.04× | 1.35× | ||
| Q2 25 | 0.04× | 1.39× | ||
| Q1 25 | 0.03× | 1.73× | ||
| Q4 24 | — | 1.82× | ||
| Q3 24 | — | 2.49× | ||
| Q2 24 | — | 1.22× | ||
| 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 | $126.3M |
| Free Cash FlowOCF − Capex | $16.1M | $122.0M |
| FCF MarginFCF / Revenue | 27.3% | 214.9% |
| Capex IntensityCapex / Revenue | 23.4% | 7.5% |
| Cash ConversionOCF / Net Profit | — | 15.68× |
| TTM Free Cash FlowTrailing 4 quarters | $3.9M | $207.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.8M | $126.3M | ||
| Q3 25 | $14.6M | $34.9M | ||
| Q2 25 | $13.8M | $37.3M | ||
| Q1 25 | $-9.6M | $15.9M | ||
| Q4 24 | $9.6M | $67.6M | ||
| Q3 24 | $19.7M | $7.5M | ||
| Q2 24 | $2.9M | $16.0M | ||
| Q1 24 | $7.4M | $17.2M |
| Q4 25 | $16.1M | $122.0M | ||
| Q3 25 | $6.0M | $33.7M | ||
| Q2 25 | $4.1M | $36.1M | ||
| Q1 25 | $-22.3M | $15.8M | ||
| Q4 24 | $3.9M | $66.7M | ||
| Q3 24 | $16.5M | $7.1M | ||
| Q2 24 | $2.5M | $15.7M | ||
| Q1 24 | $-454.0K | $17.1M |
| Q4 25 | 27.3% | 214.9% | ||
| Q3 25 | 9.9% | 66.3% | ||
| Q2 25 | 10.2% | 75.9% | ||
| Q1 25 | -63.9% | 36.0% | ||
| Q4 24 | 15.5% | 182.6% | ||
| Q3 24 | 37.1% | 25.1% | ||
| Q2 24 | 5.2% | 60.4% | ||
| Q1 24 | -0.8% | 90.1% |
| Q4 25 | 23.4% | 7.5% | ||
| Q3 25 | 14.1% | 2.3% | ||
| Q2 25 | 23.8% | 2.6% | ||
| Q1 25 | 36.3% | 0.2% | ||
| Q4 24 | 22.5% | 2.7% | ||
| Q3 24 | 7.0% | 1.1% | ||
| Q2 24 | 0.9% | 1.4% | ||
| Q1 24 | 13.4% | 0.5% |
| Q4 25 | — | 15.68× | ||
| Q3 25 | 5.51× | 4.31× | ||
| Q2 25 | — | 4.98× | ||
| Q1 25 | — | 2.46× | ||
| Q4 24 | — | 1.37× | ||
| Q3 24 | 1115.72× | 2.80× | ||
| Q2 24 | 0.46× | — | ||
| Q1 24 | 0.76× | 1.60× |
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% |
LB
Segment breakdown not available.
