vs
Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and NELNET INC (NNI). 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 $33.5M, roughly 1.8× NELNET INC). NELNET INC runs the higher net margin — 172.3% vs -12.5%, a 184.8% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 79.6%). NELNET INC produced more free cash flow last quarter ($396.7M vs $16.1M). Over the past eight quarters, NELNET INC's revenue compounded faster (62.0% 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.
Nelnet, Inc. is a United States–based conglomerate that primarily focuses on financial services including student and consumer loan origination and servicing. Additionally, the company operates an investing arm, an internet bank and has a 26% stake in Allo Fiber, a cable and internet provider. The company is headquartered in Lincoln, Nebraska.
CBAT vs NNI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.8M | $33.5M |
| Net Profit | $-7.4M | $57.8M |
| Gross Margin | 7.3% | 50.5% |
| Operating Margin | -13.6% | — |
| Net Margin | -12.5% | 172.3% |
| Revenue YoY | 131.8% | 79.6% |
| Net Profit YoY | -63.6% | -8.5% |
| EPS (diluted) | $-0.08 | $1.62 |
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 | $33.5M | ||
| Q3 25 | $60.9M | $23.2M | ||
| Q2 25 | $40.5M | $26.1M | ||
| Q1 25 | $34.9M | $24.7M | ||
| Q4 24 | $25.4M | $18.7M | ||
| Q3 24 | $44.6M | $16.6M | ||
| Q2 24 | $47.8M | $14.9M | ||
| Q1 24 | $58.8M | $12.8M |
| Q4 25 | $-7.4M | $57.8M | ||
| Q3 25 | $2.7M | $106.7M | ||
| Q2 25 | $-3.1M | $181.5M | ||
| Q1 25 | $-1.6M | $82.6M | ||
| Q4 24 | $-4.5M | $63.2M | ||
| Q3 24 | $17.6K | $2.4M | ||
| Q2 24 | $6.4M | $45.1M | ||
| Q1 24 | $9.8M | $73.4M |
| Q4 25 | 7.3% | 50.5% | ||
| Q3 25 | 8.0% | 29.6% | ||
| Q2 25 | 11.0% | 29.8% | ||
| Q1 25 | 13.7% | 30.5% | ||
| Q4 24 | 13.1% | 13.7% | ||
| Q3 24 | 15.6% | 0.1% | ||
| Q2 24 | 26.6% | 27.3% | ||
| Q1 24 | 31.9% | 15.3% |
| Q4 25 | -13.6% | — | ||
| Q3 25 | -6.6% | — | ||
| Q2 25 | -8.7% | — | ||
| Q1 25 | -8.2% | — | ||
| Q4 24 | -26.0% | 97.7% | ||
| Q3 24 | -1.9% | -13.4% | ||
| Q2 24 | 12.4% | 88.0% | ||
| Q1 24 | 17.4% | — |
| Q4 25 | -12.5% | 172.3% | ||
| Q3 25 | 4.4% | 460.5% | ||
| Q2 25 | -7.6% | 694.9% | ||
| Q1 25 | -4.5% | 334.4% | ||
| Q4 24 | -17.8% | 338.2% | ||
| Q3 24 | 0.0% | 14.4% | ||
| Q2 24 | 13.5% | 303.6% | ||
| Q1 24 | 16.7% | 574.4% |
| Q4 25 | $-0.08 | $1.62 | ||
| Q3 25 | $0.03 | $2.94 | ||
| Q2 25 | $-0.03 | $4.97 | ||
| Q1 25 | $-0.02 | $2.26 | ||
| Q4 24 | $-0.05 | $1.74 | ||
| Q3 24 | $0.00 | $0.07 | ||
| Q2 24 | $0.07 | $1.23 | ||
| Q1 24 | $0.11 | $1.98 |
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 | $296.0M |
| Total DebtLower is stronger | $4.1M | $7.8B |
| Stockholders' EquityBook value | $112.7M | $3.7B |
| Total Assets | $426.2M | $14.1B |
| Debt / EquityLower = less leverage | 0.04× | 2.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.3M | $296.0M | ||
| Q3 25 | $10.5M | $216.4M | ||
| Q2 25 | $45.7M | $225.8M | ||
| Q1 25 | $9.6M | $220.5M | ||
| Q4 24 | $11.0M | $194.5M | ||
| Q3 24 | $24.2M | $219.7M | ||
| Q2 24 | $44.1M | $145.5M | ||
| Q1 24 | $23.8M | $179.7M |
| Q4 25 | $4.1M | $7.8B | ||
| Q3 25 | $4.8M | $7.8B | ||
| Q2 25 | $4.9M | $7.9B | ||
| Q1 25 | $4.1M | $8.7B | ||
| Q4 24 | — | $8.3B | ||
| Q3 24 | — | $8.9B | ||
| Q2 24 | — | $9.6B | ||
| Q1 24 | — | $10.6B |
| Q4 25 | $112.7M | $3.7B | ||
| Q3 25 | $121.4M | $3.7B | ||
| Q2 25 | $118.2M | $3.6B | ||
| Q1 25 | $120.8M | $3.4B | ||
| Q4 24 | $121.7M | $3.3B | ||
| Q3 24 | $131.2M | $3.3B | ||
| Q2 24 | $126.6M | $3.3B | ||
| Q1 24 | $120.9M | $3.3B |
| Q4 25 | $426.2M | $14.1B | ||
| Q3 25 | $363.9M | $13.9B | ||
| Q2 25 | $333.1M | $13.7B | ||
| Q1 25 | $311.5M | $14.2B | ||
| Q4 24 | $302.2M | $13.8B | ||
| Q3 24 | $293.5M | $14.1B | ||
| Q2 24 | $279.6M | $14.5B | ||
| Q1 24 | $286.5M | $15.4B |
| Q4 25 | 0.04× | 2.11× | ||
| Q3 25 | 0.04× | 2.14× | ||
| Q2 25 | 0.04× | 2.21× | ||
| Q1 25 | 0.03× | 2.53× | ||
| Q4 24 | — | 2.48× | ||
| Q3 24 | — | 2.72× | ||
| Q2 24 | — | 2.90× | ||
| Q1 24 | — | 3.20× |
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 | $423.0M |
| Free Cash FlowOCF − Capex | $16.1M | $396.7M |
| FCF MarginFCF / Revenue | 27.3% | 1183.0% |
| Capex IntensityCapex / Revenue | 23.4% | 78.2% |
| Cash ConversionOCF / Net Profit | — | 7.32× |
| TTM Free Cash FlowTrailing 4 quarters | $3.9M | $663.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.8M | $423.0M | ||
| Q3 25 | $14.6M | $112.4M | ||
| Q2 25 | $13.8M | $81.8M | ||
| Q1 25 | $-9.6M | $91.2M | ||
| Q4 24 | $9.6M | $662.9M | ||
| Q3 24 | $19.7M | $137.0M | ||
| Q2 24 | $2.9M | $133.8M | ||
| Q1 24 | $7.4M | $211.6M |
| Q4 25 | $16.1M | $396.7M | ||
| Q3 25 | $6.0M | $100.8M | ||
| Q2 25 | $4.1M | $78.1M | ||
| Q1 25 | $-22.3M | $87.8M | ||
| Q4 24 | $3.9M | $642.0M | ||
| Q3 24 | $16.5M | $132.6M | ||
| Q2 24 | $2.5M | $123.1M | ||
| Q1 24 | $-454.0K | $188.3M |
| Q4 25 | 27.3% | 1183.0% | ||
| Q3 25 | 9.9% | 435.0% | ||
| Q2 25 | 10.2% | 299.0% | ||
| Q1 25 | -63.9% | 355.6% | ||
| Q4 24 | 15.5% | 3438.0% | ||
| Q3 24 | 37.1% | 797.9% | ||
| Q2 24 | 5.2% | 829.2% | ||
| Q1 24 | -0.8% | 1473.7% |
| Q4 25 | 23.4% | 78.2% | ||
| Q3 25 | 14.1% | 50.4% | ||
| Q2 25 | 23.8% | 14.2% | ||
| Q1 25 | 36.3% | 13.7% | ||
| Q4 24 | 22.5% | 111.9% | ||
| Q3 24 | 7.0% | 26.7% | ||
| Q2 24 | 0.9% | 71.5% | ||
| Q1 24 | 13.4% | 181.7% |
| Q4 25 | — | 7.32× | ||
| Q3 25 | 5.51× | 1.05× | ||
| Q2 25 | — | 0.45× | ||
| Q1 25 | — | 1.10× | ||
| Q4 24 | — | 10.50× | ||
| Q3 24 | 1115.72× | 57.39× | ||
| Q2 24 | 0.46× | 2.97× | ||
| Q1 24 | 0.76× | 2.88× |
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% |
NNI
Segment breakdown not available.
