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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and MARINE PRODUCTS CORP (MPX). Click either name above to swap in a different company.
MARINE PRODUCTS CORP is the larger business by last-quarter revenue ($64.6M vs $58.8M, roughly 1.1× CBAK Energy Technology, Inc.). MARINE PRODUCTS CORP runs the higher net margin — 3.7% vs -12.5%, a 16.2% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 35.0%). CBAK Energy Technology, Inc. produced more free cash flow last quarter ($16.1M vs $4.1M). Over the past eight quarters, CBAK Energy Technology, Inc.'s revenue compounded faster (-0.0% CAGR vs -3.5%).
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.
West Marine is an American company based in Fort Lauderdale, Florida, which operates a chain of boating supply and fishing retail stores. The company has 247 retail stores in North America. West Marine also runs Blue Future a non profit organization. West Marine's flagship store is in Fort Lauderdale. Opened on November 11, 2011, the store is the company's largest at over 50,000 square feet.
CBAT vs MPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.8M | $64.6M |
| Net Profit | $-7.4M | $2.4M |
| Gross Margin | 7.3% | 19.6% |
| Operating Margin | -13.6% | 5.8% |
| Net Margin | -12.5% | 3.7% |
| Revenue YoY | 131.8% | 35.0% |
| Net Profit YoY | -63.6% | -44.6% |
| EPS (diluted) | $-0.08 | $0.07 |
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 | $64.6M | ||
| Q3 25 | $60.9M | $53.1M | ||
| Q2 25 | $40.5M | $67.7M | ||
| Q1 25 | $34.9M | $59.0M | ||
| Q4 24 | $25.4M | $47.8M | ||
| Q3 24 | $44.6M | $49.9M | ||
| Q2 24 | $47.8M | $69.5M | ||
| Q1 24 | $58.8M | $69.3M |
| Q4 25 | $-7.4M | $2.4M | ||
| Q3 25 | $2.7M | $2.6M | ||
| Q2 25 | $-3.1M | $4.2M | ||
| Q1 25 | $-1.6M | $2.2M | ||
| Q4 24 | $-4.5M | $4.3M | ||
| Q3 24 | $17.6K | $3.4M | ||
| Q2 24 | $6.4M | $5.6M | ||
| Q1 24 | $9.8M | $4.6M |
| Q4 25 | 7.3% | 19.6% | ||
| Q3 25 | 8.0% | 19.2% | ||
| Q2 25 | 11.0% | 19.1% | ||
| Q1 25 | 13.7% | 18.6% | ||
| Q4 24 | 13.1% | 19.2% | ||
| Q3 24 | 15.6% | 18.4% | ||
| Q2 24 | 26.6% | 18.9% | ||
| Q1 24 | 31.9% | 20.2% |
| Q4 25 | -13.6% | 5.8% | ||
| Q3 25 | -6.6% | 5.4% | ||
| Q2 25 | -8.7% | 7.1% | ||
| Q1 25 | -8.2% | 4.4% | ||
| Q4 24 | -26.0% | 7.7% | ||
| Q3 24 | -1.9% | 7.2% | ||
| Q2 24 | 12.4% | 8.3% | ||
| Q1 24 | 17.4% | 7.6% |
| Q4 25 | -12.5% | 3.7% | ||
| Q3 25 | 4.4% | 5.0% | ||
| Q2 25 | -7.6% | 6.1% | ||
| Q1 25 | -4.5% | 3.7% | ||
| Q4 24 | -17.8% | 8.9% | ||
| Q3 24 | 0.0% | 6.8% | ||
| Q2 24 | 13.5% | 8.0% | ||
| Q1 24 | 16.7% | 6.6% |
| Q4 25 | $-0.08 | $0.07 | ||
| Q3 25 | $0.03 | $0.07 | ||
| Q2 25 | $-0.03 | $0.12 | ||
| Q1 25 | $-0.02 | $0.06 | ||
| Q4 24 | $-0.05 | $0.13 | ||
| Q3 24 | $0.00 | $0.10 | ||
| Q2 24 | $0.07 | $0.14 | ||
| Q1 24 | $0.11 | $0.13 |
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 | — |
| Total DebtLower is stronger | $4.1M | — |
| Stockholders' EquityBook value | $112.7M | $125.0M |
| Total Assets | $426.2M | $147.2M |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| 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 | $125.0M | ||
| Q3 25 | $121.4M | $126.3M | ||
| Q2 25 | $118.2M | $127.2M | ||
| Q1 25 | $120.8M | $126.4M | ||
| Q4 24 | $121.7M | $129.0M | ||
| Q3 24 | $131.2M | $128.8M | ||
| Q2 24 | $126.6M | $129.3M | ||
| Q1 24 | $120.9M | $151.4M |
| Q4 25 | $426.2M | $147.2M | ||
| Q3 25 | $363.9M | $179.5M | ||
| Q2 25 | $333.1M | $173.2M | ||
| Q1 25 | $311.5M | $182.9M | ||
| Q4 24 | $302.2M | $171.2M | ||
| Q3 24 | $293.5M | $176.3M | ||
| Q2 24 | $279.6M | $175.7M | ||
| Q1 24 | $286.5M | $204.0M |
| 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 | $4.7M |
| Free Cash FlowOCF − Capex | $16.1M | $4.1M |
| FCF MarginFCF / Revenue | 27.3% | 6.4% |
| Capex IntensityCapex / Revenue | 23.4% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | $3.9M | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.8M | $4.7M | ||
| Q3 25 | $14.6M | $2.6M | ||
| Q2 25 | $13.8M | $-1.6M | ||
| Q1 25 | $-9.6M | $10.8M | ||
| Q4 24 | $9.6M | $4.6M | ||
| Q3 24 | $19.7M | $5.1M | ||
| Q2 24 | $2.9M | $3.8M | ||
| Q1 24 | $7.4M | $15.9M |
| Q4 25 | $16.1M | $4.1M | ||
| Q3 25 | $6.0M | $2.1M | ||
| Q2 25 | $4.1M | $-2.0M | ||
| Q1 25 | $-22.3M | $10.7M | ||
| Q4 24 | $3.9M | $3.6M | ||
| Q3 24 | $16.5M | $3.2M | ||
| Q2 24 | $2.5M | $3.0M | ||
| Q1 24 | $-454.0K | $15.0M |
| Q4 25 | 27.3% | 6.4% | ||
| Q3 25 | 9.9% | 4.0% | ||
| Q2 25 | 10.2% | -3.0% | ||
| Q1 25 | -63.9% | 18.1% | ||
| Q4 24 | 15.5% | 7.6% | ||
| Q3 24 | 37.1% | 6.5% | ||
| Q2 24 | 5.2% | 4.4% | ||
| Q1 24 | -0.8% | 21.7% |
| Q4 25 | 23.4% | 0.9% | ||
| Q3 25 | 14.1% | 0.8% | ||
| Q2 25 | 23.8% | 0.6% | ||
| Q1 25 | 36.3% | 0.2% | ||
| Q4 24 | 22.5% | 2.1% | ||
| Q3 24 | 7.0% | 3.8% | ||
| Q2 24 | 0.9% | 1.1% | ||
| Q1 24 | 13.4% | 1.3% |
| Q4 25 | — | 2.00× | ||
| Q3 25 | 5.51× | 0.97× | ||
| Q2 25 | — | -0.39× | ||
| Q1 25 | — | 4.88× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | 1115.72× | 1.51× | ||
| Q2 24 | 0.46× | 0.68× | ||
| Q1 24 | 0.76× | 3.46× |
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% |
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
