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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and NACCO INDUSTRIES INC (NC). Click either name above to swap in a different company.
NACCO INDUSTRIES INC is the larger business by last-quarter revenue ($62.8M vs $58.8M, roughly 1.1× CBAK Energy Technology, Inc.). NACCO INDUSTRIES INC runs the higher net margin — 14.1% vs -12.5%, a 26.6% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs -4.3%). Over the past eight quarters, NACCO INDUSTRIES INC's revenue compounded faster (9.5% 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.
NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio. Through a portfolio of mining and natural resources businesses, the company operates under three business segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining se...
CBAT vs NC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $58.8M | $62.8M |
| Net Profit | $-7.4M | $8.8M |
| Gross Margin | 7.3% | 22.8% |
| Operating Margin | -13.6% | 17.5% |
| Net Margin | -12.5% | 14.1% |
| Revenue YoY | 131.8% | -4.3% |
| Net Profit YoY | -63.6% | 80.0% |
| EPS (diluted) | $-0.08 | $1.17 |
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.
| Q1 26 | — | $62.8M | ||
| Q4 25 | $58.8M | $66.8M | ||
| Q3 25 | $60.9M | $76.6M | ||
| Q2 25 | $40.5M | $68.2M | ||
| Q1 25 | $34.9M | $65.6M | ||
| Q4 24 | $25.4M | $70.4M | ||
| Q3 24 | $44.6M | $61.7M | ||
| Q2 24 | $47.8M | $52.3M |
| Q1 26 | — | $8.8M | ||
| Q4 25 | $-7.4M | $-3.8M | ||
| Q3 25 | $2.7M | $13.3M | ||
| Q2 25 | $-3.1M | $3.3M | ||
| Q1 25 | $-1.6M | $4.9M | ||
| Q4 24 | $-4.5M | $7.6M | ||
| Q3 24 | $17.6K | $15.6M | ||
| Q2 24 | $6.4M | $6.0M |
| Q1 26 | — | 22.8% | ||
| Q4 25 | 7.3% | 18.0% | ||
| Q3 25 | 8.0% | 13.0% | ||
| Q2 25 | 11.0% | 10.0% | ||
| Q1 25 | 13.7% | 14.7% | ||
| Q4 24 | 13.1% | 12.0% | ||
| Q3 24 | 15.6% | 11.7% | ||
| Q2 24 | 26.6% | 13.4% |
| Q1 26 | — | 17.5% | ||
| Q4 25 | -13.6% | 11.3% | ||
| Q3 25 | -6.6% | 8.8% | ||
| Q2 25 | -8.7% | -0.1% | ||
| Q1 25 | -8.2% | 11.7% | ||
| Q4 24 | -26.0% | 5.5% | ||
| Q3 24 | -1.9% | 31.9% | ||
| Q2 24 | 12.4% | 14.1% |
| Q1 26 | — | 14.1% | ||
| Q4 25 | -12.5% | -5.8% | ||
| Q3 25 | 4.4% | 17.3% | ||
| Q2 25 | -7.6% | 4.8% | ||
| Q1 25 | -4.5% | 7.5% | ||
| Q4 24 | -17.8% | 10.7% | ||
| Q3 24 | 0.0% | 25.4% | ||
| Q2 24 | 13.5% | 11.4% |
| Q1 26 | — | $1.17 | ||
| Q4 25 | $-0.08 | $-0.53 | ||
| Q3 25 | $0.03 | $1.78 | ||
| Q2 25 | $-0.03 | $0.44 | ||
| Q1 25 | $-0.02 | $0.66 | ||
| Q4 24 | $-0.05 | $0.99 | ||
| Q3 24 | $0.00 | $2.14 | ||
| Q2 24 | $0.07 | $0.81 |
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 | — |
| Total Assets | $426.2M | — |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $8.3M | $49.7M | ||
| Q3 25 | $10.5M | $52.7M | ||
| Q2 25 | $45.7M | $49.4M | ||
| Q1 25 | $9.6M | $61.9M | ||
| Q4 24 | $11.0M | $72.8M | ||
| Q3 24 | $24.2M | $63.1M | ||
| Q2 24 | $44.1M | $62.4M |
| Q1 26 | — | — | ||
| Q4 25 | $4.1M | $100.8M | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $4.9M | — | ||
| Q1 25 | $4.1M | — | ||
| Q4 24 | — | $99.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $29.0M |
| Q1 26 | — | — | ||
| Q4 25 | $112.7M | $429.2M | ||
| Q3 25 | $121.4M | $426.4M | ||
| Q2 25 | $118.2M | $413.1M | ||
| Q1 25 | $120.8M | $409.1M | ||
| Q4 24 | $121.7M | $404.9M | ||
| Q3 24 | $131.2M | $397.3M | ||
| Q2 24 | $126.6M | $384.1M |
| Q1 26 | — | — | ||
| Q4 25 | $426.2M | $661.2M | ||
| Q3 25 | $363.9M | $637.6M | ||
| Q2 25 | $333.1M | $631.3M | ||
| Q1 25 | $311.5M | $634.2M | ||
| Q4 24 | $302.2M | $631.7M | ||
| Q3 24 | $293.5M | $597.4M | ||
| Q2 24 | $279.6M | $560.1M |
| Q1 26 | — | — | ||
| Q4 25 | 0.04× | 0.23× | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.08× |
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 | — |
| Free Cash FlowOCF − Capex | $16.1M | — |
| FCF MarginFCF / Revenue | 27.3% | — |
| Capex IntensityCapex / Revenue | 23.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $29.8M | $11.4M | ||
| Q3 25 | $14.6M | $42.3M | ||
| Q2 25 | $13.8M | $-7.8M | ||
| Q1 25 | $-9.6M | $5.0M | ||
| Q4 24 | $9.6M | $25.2M | ||
| Q3 24 | $19.7M | $2.8M | ||
| Q2 24 | $2.9M | $4.1M |
| Q1 26 | — | — | ||
| Q4 25 | $16.1M | — | ||
| Q3 25 | $6.0M | — | ||
| Q2 25 | $4.1M | — | ||
| Q1 25 | $-22.3M | — | ||
| Q4 24 | $3.9M | — | ||
| Q3 24 | $16.5M | — | ||
| Q2 24 | $2.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | 27.3% | — | ||
| Q3 25 | 9.9% | — | ||
| Q2 25 | 10.2% | — | ||
| Q1 25 | -63.9% | — | ||
| Q4 24 | 15.5% | — | ||
| Q3 24 | 37.1% | — | ||
| Q2 24 | 5.2% | — |
| Q1 26 | — | — | ||
| Q4 25 | 23.4% | — | ||
| Q3 25 | 14.1% | — | ||
| Q2 25 | 23.8% | — | ||
| Q1 25 | 36.3% | — | ||
| Q4 24 | 22.5% | — | ||
| Q3 24 | 7.0% | — | ||
| Q2 24 | 0.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 5.51× | 3.19× | ||
| Q2 25 | — | -2.39× | ||
| Q1 25 | — | 1.03× | ||
| Q4 24 | — | 3.33× | ||
| Q3 24 | 1115.72× | 0.18× | ||
| Q2 24 | 0.46× | 0.68× |
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% |
NC
Segment breakdown not available.
