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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and Ranpak Holdings Corp. (PACK). Click either name above to swap in a different company.
Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $58.8M, roughly 1.6× CBAK Energy Technology, Inc.). On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 2.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% 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.
Ranpak Holdings Corp. manufactures machines and paper products used in protective paper-based packing for shipping goods and merchandise for e-commerce and industry, along with automation solutions. The company is based in Concord, Ohio, and has production facilities and offices in Reno, Nevada; Kansas City, Missouri; the Netherlands; Czech Republic; Shanghai and Singapore. The paper packaging material can be used for multiple applications like wrapping, cushioning, void fill and cold chain p...
CBAT vs PACK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.8M | $93.7M |
| Net Profit | $-7.4M | — |
| Gross Margin | 7.3% | 39.0% |
| Operating Margin | -13.6% | -1.0% |
| Net Margin | -12.5% | — |
| Revenue YoY | 131.8% | 2.3% |
| Net Profit YoY | -63.6% | — |
| EPS (diluted) | $-0.08 | $-0.11 |
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 | $93.7M | ||
| Q3 25 | $60.9M | $83.6M | ||
| Q2 25 | $40.5M | $77.8M | ||
| Q1 25 | $34.9M | $77.6M | ||
| Q4 24 | $25.4M | $91.6M | ||
| Q3 24 | $44.6M | $78.6M | ||
| Q2 24 | $47.8M | $72.8M | ||
| Q1 24 | $58.8M | $72.5M |
| Q4 25 | $-7.4M | — | ||
| Q3 25 | $2.7M | $-10.4M | ||
| Q2 25 | $-3.1M | $-7.5M | ||
| Q1 25 | $-1.6M | $-10.9M | ||
| Q4 24 | $-4.5M | — | ||
| Q3 24 | $17.6K | $-8.1M | ||
| Q2 24 | $6.4M | $5.5M | ||
| Q1 24 | $9.8M | $-8.1M |
| Q4 25 | 7.3% | 39.0% | ||
| Q3 25 | 8.0% | 41.1% | ||
| Q2 25 | 11.0% | 37.1% | ||
| Q1 25 | 13.7% | 39.8% | ||
| Q4 24 | 13.1% | 45.2% | ||
| Q3 24 | 15.6% | 43.8% | ||
| Q2 24 | 26.6% | 43.5% | ||
| Q1 24 | 31.9% | 44.6% |
| Q4 25 | -13.6% | -1.0% | ||
| Q3 25 | -6.6% | -6.8% | ||
| Q2 25 | -8.7% | -12.5% | ||
| Q1 25 | -8.2% | -10.3% | ||
| Q4 24 | -26.0% | 1.5% | ||
| Q3 24 | -1.9% | -5.3% | ||
| Q2 24 | 12.4% | -7.1% | ||
| Q1 24 | 17.4% | -6.6% |
| Q4 25 | -12.5% | — | ||
| Q3 25 | 4.4% | -12.4% | ||
| Q2 25 | -7.6% | -9.6% | ||
| Q1 25 | -4.5% | -14.0% | ||
| Q4 24 | -17.8% | — | ||
| Q3 24 | 0.0% | -10.3% | ||
| Q2 24 | 13.5% | 7.6% | ||
| Q1 24 | 16.7% | -11.2% |
| Q4 25 | $-0.08 | $-0.11 | ||
| Q3 25 | $0.03 | $-0.12 | ||
| Q2 25 | $-0.03 | $-0.09 | ||
| Q1 25 | $-0.02 | $-0.13 | ||
| Q4 24 | $-0.05 | $-0.13 | ||
| Q3 24 | $0.00 | $-0.10 | ||
| Q2 24 | $0.07 | $0.07 | ||
| Q1 24 | $0.11 | $-0.10 |
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 | $63.0M |
| Total DebtLower is stronger | $4.1M | $401.9M |
| Stockholders' EquityBook value | $112.7M | $534.9M |
| Total Assets | $426.2M | $1.1B |
| Debt / EquityLower = less leverage | 0.04× | 0.75× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.3M | $63.0M | ||
| Q3 25 | $10.5M | $49.9M | ||
| Q2 25 | $45.7M | $49.2M | ||
| Q1 25 | $9.6M | $65.5M | ||
| Q4 24 | $11.0M | $76.1M | ||
| Q3 24 | $24.2M | $69.5M | ||
| Q2 24 | $44.1M | $65.1M | ||
| Q1 24 | $23.8M | $55.1M |
| Q4 25 | $4.1M | $401.9M | ||
| Q3 25 | $4.8M | $403.1M | ||
| Q2 25 | $4.9M | $403.1M | ||
| Q1 25 | $4.1M | $405.2M | ||
| Q4 24 | — | $406.4M | ||
| Q3 24 | — | $403.2M | ||
| Q2 24 | — | $396.1M | ||
| Q1 24 | — | $396.7M |
| Q4 25 | $112.7M | $534.9M | ||
| Q3 25 | $121.4M | $537.8M | ||
| Q2 25 | $118.2M | $539.0M | ||
| Q1 25 | $120.8M | $544.1M | ||
| Q4 24 | $121.7M | $548.1M | ||
| Q3 24 | $131.2M | $564.3M | ||
| Q2 24 | $126.6M | $566.2M | ||
| Q1 24 | $120.9M | $560.0M |
| Q4 25 | $426.2M | $1.1B | ||
| Q3 25 | $363.9M | $1.1B | ||
| Q2 25 | $333.1M | $1.1B | ||
| Q1 25 | $311.5M | $1.1B | ||
| Q4 24 | $302.2M | $1.1B | ||
| Q3 24 | $293.5M | $1.1B | ||
| Q2 24 | $279.6M | $1.1B | ||
| Q1 24 | $286.5M | $1.1B |
| Q4 25 | 0.04× | 0.75× | ||
| Q3 25 | 0.04× | 0.75× | ||
| Q2 25 | 0.04× | 0.75× | ||
| Q1 25 | 0.03× | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.71× |
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 | $19.5M |
| 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 | $19.5M | ||
| Q3 25 | $14.6M | $8.5M | ||
| Q2 25 | $13.8M | $-3.6M | ||
| Q1 25 | $-9.6M | $-1.3M | ||
| Q4 24 | $9.6M | $6.5M | ||
| Q3 24 | $19.7M | $10.1M | ||
| Q2 24 | $2.9M | $19.6M | ||
| Q1 24 | $7.4M | $5.2M |
| 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 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1115.72× | — | ||
| Q2 24 | 0.46× | 3.56× | ||
| 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% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
