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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and Ouster, Inc. (OUST). Click either name above to swap in a different company.

Ouster, Inc. is the larger business by last-quarter revenue ($62.2M vs $58.8M, roughly 1.1× CBAK Energy Technology, Inc.). On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 106.6%). CBAK Energy Technology, Inc. produced more free cash flow last quarter ($16.1M vs $-37.2M). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% 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.

Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.

CBAT vs OUST — Head-to-Head

Bigger by revenue
OUST
OUST
1.1× larger
OUST
$62.2M
$58.8M
CBAT
Growing faster (revenue YoY)
CBAT
CBAT
+25.1% gap
CBAT
131.8%
106.6%
OUST
More free cash flow
CBAT
CBAT
$53.2M more FCF
CBAT
$16.1M
$-37.2M
OUST
Faster 2-yr revenue CAGR
OUST
OUST
Annualised
OUST
54.8%
-0.0%
CBAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CBAT
CBAT
OUST
OUST
Revenue
$58.8M
$62.2M
Net Profit
$-7.4M
Gross Margin
7.3%
60.2%
Operating Margin
-13.6%
1.5%
Net Margin
-12.5%
Revenue YoY
131.8%
106.6%
Net Profit YoY
-63.6%
EPS (diluted)
$-0.08
$0.10

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.

Revenue
CBAT
CBAT
OUST
OUST
Q4 25
$58.8M
$62.2M
Q3 25
$60.9M
$39.5M
Q2 25
$40.5M
$35.0M
Q1 25
$34.9M
$32.6M
Q4 24
$25.4M
$30.1M
Q3 24
$44.6M
$28.1M
Q2 24
$47.8M
$27.0M
Q1 24
$58.8M
$25.9M
Net Profit
CBAT
CBAT
OUST
OUST
Q4 25
$-7.4M
Q3 25
$2.7M
$-21.7M
Q2 25
$-3.1M
$-20.6M
Q1 25
$-1.6M
$-22.0M
Q4 24
$-4.5M
Q3 24
$17.6K
$-25.6M
Q2 24
$6.4M
$-23.9M
Q1 24
$9.8M
$-23.8M
Gross Margin
CBAT
CBAT
OUST
OUST
Q4 25
7.3%
60.2%
Q3 25
8.0%
42.1%
Q2 25
11.0%
45.2%
Q1 25
13.7%
41.3%
Q4 24
13.1%
43.8%
Q3 24
15.6%
38.3%
Q2 24
26.6%
33.7%
Q1 24
31.9%
28.6%
Operating Margin
CBAT
CBAT
OUST
OUST
Q4 25
-13.6%
1.5%
Q3 25
-6.6%
-61.4%
Q2 25
-8.7%
-76.5%
Q1 25
-8.2%
-73.0%
Q4 24
-26.0%
-85.1%
Q3 24
-1.9%
-98.0%
Q2 24
12.4%
-93.6%
Q1 24
17.4%
-99.5%
Net Margin
CBAT
CBAT
OUST
OUST
Q4 25
-12.5%
Q3 25
4.4%
-55.0%
Q2 25
-7.6%
-58.8%
Q1 25
-4.5%
-67.5%
Q4 24
-17.8%
Q3 24
0.0%
-91.1%
Q2 24
13.5%
-88.4%
Q1 24
16.7%
-91.9%
EPS (diluted)
CBAT
CBAT
OUST
OUST
Q4 25
$-0.08
$0.10
Q3 25
$0.03
$-0.37
Q2 25
$-0.03
$-0.38
Q1 25
$-0.02
$-0.42
Q4 24
$-0.05
$-0.46
Q3 24
$0.00
$-0.54
Q2 24
$0.07
$-0.53
Q1 24
$0.11
$-0.55

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CBAT
CBAT
OUST
OUST
Cash + ST InvestmentsLiquidity on hand
$8.3M
$208.6M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$112.7M
$261.7M
Total Assets
$426.2M
$349.5M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBAT
CBAT
OUST
OUST
Q4 25
$8.3M
$208.6M
Q3 25
$10.5M
$244.5M
Q2 25
$45.7M
$226.5M
Q1 25
$9.6M
$168.2M
Q4 24
$11.0M
$172.0M
Q3 24
$24.2M
$151.4M
Q2 24
$44.1M
$184.2M
Q1 24
$23.8M
$187.8M
Total Debt
CBAT
CBAT
OUST
OUST
Q4 25
$4.1M
Q3 25
$4.8M
Q2 25
$4.9M
Q1 25
$4.1M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CBAT
CBAT
OUST
OUST
Q4 25
$112.7M
$261.7M
Q3 25
$121.4M
$247.4M
Q2 25
$118.2M
$221.0M
Q1 25
$120.8M
$167.9M
Q4 24
$121.7M
$180.9M
Q3 24
$131.2M
$171.7M
Q2 24
$126.6M
$170.6M
Q1 24
$120.9M
$167.2M
Total Assets
CBAT
CBAT
OUST
OUST
Q4 25
$426.2M
$349.5M
Q3 25
$363.9M
$353.8M
Q2 25
$333.1M
$321.8M
Q1 25
$311.5M
$268.6M
Q4 24
$302.2M
$276.1M
Q3 24
$293.5M
$255.2M
Q2 24
$279.6M
$309.9M
Q1 24
$286.5M
$317.7M
Debt / Equity
CBAT
CBAT
OUST
OUST
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
CBAT
CBAT
OUST
OUST
Operating Cash FlowLast quarter
$29.8M
$-15.4M
Free Cash FlowOCF − Capex
$16.1M
$-37.2M
FCF MarginFCF / Revenue
27.3%
-59.8%
Capex IntensityCapex / Revenue
23.4%
35.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$3.9M
$-64.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBAT
CBAT
OUST
OUST
Q4 25
$29.8M
$-15.4M
Q3 25
$14.6M
$-18.3M
Q2 25
$13.8M
$-1.3M
Q1 25
$-9.6M
$-4.9M
Q4 24
$9.6M
$-2.6M
Q3 24
$19.7M
$-3.8M
Q2 24
$2.9M
$-21.6M
Q1 24
$7.4M
$-5.7M
Free Cash Flow
CBAT
CBAT
OUST
OUST
Q4 25
$16.1M
$-37.2M
Q3 25
$6.0M
$-20.0M
Q2 25
$4.1M
$-2.2M
Q1 25
$-22.3M
$-5.4M
Q4 24
$3.9M
$-4.0M
Q3 24
$16.5M
$-4.3M
Q2 24
$2.5M
$-22.0M
Q1 24
$-454.0K
$-7.1M
FCF Margin
CBAT
CBAT
OUST
OUST
Q4 25
27.3%
-59.8%
Q3 25
9.9%
-50.7%
Q2 25
10.2%
-6.3%
Q1 25
-63.9%
-16.6%
Q4 24
15.5%
-13.3%
Q3 24
37.1%
-15.4%
Q2 24
5.2%
-81.5%
Q1 24
-0.8%
-27.4%
Capex Intensity
CBAT
CBAT
OUST
OUST
Q4 25
23.4%
35.0%
Q3 25
14.1%
4.3%
Q2 25
23.8%
2.5%
Q1 25
36.3%
1.7%
Q4 24
22.5%
4.8%
Q3 24
7.0%
2.0%
Q2 24
0.9%
1.3%
Q1 24
13.4%
5.3%
Cash Conversion
CBAT
CBAT
OUST
OUST
Q4 25
Q3 25
5.51×
Q2 25
Q1 25
Q4 24
Q3 24
1115.72×
Q2 24
0.46×
Q1 24
0.76×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CBAT
CBAT

Manufacturing Lithium Batteries$28.0M48%
Residential Energy Supply And Uninterruptable Supplies$17.8M30%
Light Electric Vehicles$12.9M22%
Precursor$108.0K0%

OUST
OUST

Segment breakdown not available.

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