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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and Net Lease Office Properties (NLOP). 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 $30.7M, roughly 1.9× Net Lease Office Properties). Net Lease Office Properties runs the higher net margin — -0.2% vs -12.5%, a 12.4% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 10.9%). Over the past eight quarters, CBAK Energy Technology, Inc.'s revenue compounded faster (-0.0% CAGR vs -16.4%).
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.
Net Lease Office Properties is a real estate investment entity focused on acquiring, owning, and operating high-quality single-tenant net lease office assets, primarily located across the United States. It delivers stable, long-term income streams to investors through its curated portfolio of commercial real estate holdings.
CBAT vs NLOP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.8M | $30.7M |
| Net Profit | $-7.4M | $-53.0K |
| Gross Margin | 7.3% | — |
| Operating Margin | -13.6% | -0.2% |
| Net Margin | -12.5% | -0.2% |
| Revenue YoY | 131.8% | 10.9% |
| Net Profit YoY | -63.6% | 99.9% |
| EPS (diluted) | $-0.08 | $-0.01 |
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 | $30.7M | ||
| Q3 25 | $60.9M | $29.8M | ||
| Q2 25 | $40.5M | $29.2M | ||
| Q1 25 | $34.9M | $29.2M | ||
| Q4 24 | $25.4M | $27.7M | ||
| Q3 24 | $44.6M | $31.5M | ||
| Q2 24 | $47.8M | $39.0M | ||
| Q1 24 | $58.8M | $44.0M |
| Q4 25 | $-7.4M | $-53.0K | ||
| Q3 25 | $2.7M | $-64.2M | ||
| Q2 25 | $-3.1M | $-81.5M | ||
| Q1 25 | $-1.6M | $492.0K | ||
| Q4 24 | $-4.5M | $-35.8M | ||
| Q3 24 | $17.6K | $-40.3M | ||
| Q2 24 | $6.4M | $12.5M | ||
| Q1 24 | $9.8M | $-27.8M |
| 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% | -0.2% | ||
| Q3 25 | -6.6% | -215.2% | ||
| Q2 25 | -8.7% | -279.1% | ||
| Q1 25 | -8.2% | 2.0% | ||
| Q4 24 | -26.0% | -140.7% | ||
| Q3 24 | -1.9% | -126.4% | ||
| Q2 24 | 12.4% | 32.3% | ||
| Q1 24 | 17.4% | -62.7% |
| Q4 25 | -12.5% | -0.2% | ||
| Q3 25 | 4.4% | -215.4% | ||
| Q2 25 | -7.6% | -279.5% | ||
| Q1 25 | -4.5% | 1.7% | ||
| Q4 24 | -17.8% | -129.0% | ||
| Q3 24 | 0.0% | -128.0% | ||
| Q2 24 | 13.5% | 31.9% | ||
| Q1 24 | 16.7% | -63.3% |
| Q4 25 | $-0.08 | $-0.01 | ||
| Q3 25 | $0.03 | $-4.33 | ||
| Q2 25 | $-0.03 | $-5.50 | ||
| Q1 25 | $-0.02 | $0.03 | ||
| Q4 24 | $-0.05 | $-2.41 | ||
| Q3 24 | $0.00 | $-2.73 | ||
| Q2 24 | $0.07 | $0.84 | ||
| Q1 24 | $0.11 | $-1.88 |
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 | $119.6M |
| Total DebtLower is stronger | $4.1M | $21.9M |
| Stockholders' EquityBook value | $112.7M | $293.9M |
| Total Assets | $426.2M | $453.4M |
| Debt / EquityLower = less leverage | 0.04× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.3M | $119.6M | ||
| Q3 25 | $10.5M | $38.7M | ||
| Q2 25 | $45.7M | $54.1M | ||
| Q1 25 | $9.6M | $28.2M | ||
| Q4 24 | $11.0M | $25.1M | ||
| Q3 24 | $24.2M | $36.1M | ||
| Q2 24 | $44.1M | $36.1M | ||
| Q1 24 | $23.8M | $39.8M |
| Q4 25 | $4.1M | $21.9M | ||
| Q3 25 | $4.8M | $47.1M | ||
| Q2 25 | $4.9M | $117.2M | ||
| Q1 25 | $4.1M | $148.5M | ||
| Q4 24 | — | $169.2M | ||
| Q3 24 | — | $239.4M | ||
| Q2 24 | — | $327.4M | ||
| Q1 24 | — | $515.2M |
| Q4 25 | $112.7M | $293.9M | ||
| Q3 25 | $121.4M | $430.3M | ||
| Q2 25 | $118.2M | $500.0M | ||
| Q1 25 | $120.8M | $582.1M | ||
| Q4 24 | $121.7M | $581.2M | ||
| Q3 24 | $131.2M | $621.9M | ||
| Q2 24 | $126.6M | $660.3M | ||
| Q1 24 | $120.9M | $647.2M |
| Q4 25 | $426.2M | $453.4M | ||
| Q3 25 | $363.9M | $522.6M | ||
| Q2 25 | $333.1M | $668.7M | ||
| Q1 25 | $311.5M | $784.1M | ||
| Q4 24 | $302.2M | $805.1M | ||
| Q3 24 | $293.5M | $919.9M | ||
| Q2 24 | $279.6M | $1.0B | ||
| Q1 24 | $286.5M | $1.2B |
| Q4 25 | 0.04× | 0.07× | ||
| Q3 25 | 0.04× | 0.11× | ||
| Q2 25 | 0.04× | 0.23× | ||
| Q1 25 | 0.03× | 0.26× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.50× | ||
| Q1 24 | — | 0.80× |
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 | $64.1M |
| 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.
| Q4 25 | $29.8M | $64.1M | ||
| Q3 25 | $14.6M | $16.3M | ||
| Q2 25 | $13.8M | $11.7M | ||
| Q1 25 | $-9.6M | $14.1M | ||
| Q4 24 | $9.6M | $71.9M | ||
| Q3 24 | $19.7M | $20.3M | ||
| Q2 24 | $2.9M | $14.7M | ||
| Q1 24 | $7.4M | $26.4M |
| 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 24 | $-454.0K | — |
| 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 24 | -0.8% | — |
| 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 24 | 13.4% | — |
| Q4 25 | — | — | ||
| Q3 25 | 5.51× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 28.70× | ||
| Q4 24 | — | — | ||
| Q3 24 | 1115.72× | — | ||
| Q2 24 | 0.46× | 1.18× | ||
| 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% |
NLOP
Segment breakdown not available.
