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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and PRIMEENERGY RESOURCES CORP (PNRG). 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 $51.0M, roughly 1.2× PRIMEENERGY RESOURCES CORP). PRIMEENERGY RESOURCES CORP runs the higher net margin — 6.6% vs -12.5%, a 19.2% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs -15.7%). Over the past eight quarters, PRIMEENERGY RESOURCES CORP's revenue compounded faster (9.0% 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.

PrimeEnergy Resources Corp is an independent energy firm focused on the exploration, development, and production of oil and natural gas. It primarily operates across onshore resource basins in the United States, serving regional energy markets to meet industrial and consumer demand for reliable energy supplies.

CBAT vs PNRG — Head-to-Head

Bigger by revenue
CBAT
CBAT
1.2× larger
CBAT
$58.8M
$51.0M
PNRG
Growing faster (revenue YoY)
CBAT
CBAT
+147.4% gap
CBAT
131.8%
-15.7%
PNRG
Higher net margin
PNRG
PNRG
19.2% more per $
PNRG
6.6%
-12.5%
CBAT
Faster 2-yr revenue CAGR
PNRG
PNRG
Annualised
PNRG
9.0%
-0.0%
CBAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CBAT
CBAT
PNRG
PNRG
Revenue
$58.8M
$51.0M
Net Profit
$-7.4M
$3.4M
Gross Margin
7.3%
97.9%
Operating Margin
-13.6%
3.2%
Net Margin
-12.5%
6.6%
Revenue YoY
131.8%
-15.7%
Net Profit YoY
-63.6%
48.7%
EPS (diluted)
$-0.08
$1.43

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
PNRG
PNRG
Q4 25
$58.8M
$51.0M
Q3 25
$60.9M
$46.0M
Q2 25
$40.5M
$42.0M
Q1 25
$34.9M
$50.1M
Q4 24
$25.4M
$60.5M
Q3 24
$44.6M
$69.5M
Q2 24
$47.8M
$64.8M
Q1 24
$58.8M
$43.0M
Net Profit
CBAT
CBAT
PNRG
PNRG
Q4 25
$-7.4M
$3.4M
Q3 25
$2.7M
$10.6M
Q2 25
$-3.1M
$3.2M
Q1 25
$-1.6M
$9.1M
Q4 24
$-4.5M
$2.3M
Q3 24
$17.6K
$22.1M
Q2 24
$6.4M
$19.7M
Q1 24
$9.8M
$11.3M
Gross Margin
CBAT
CBAT
PNRG
PNRG
Q4 25
7.3%
97.9%
Q3 25
8.0%
95.6%
Q2 25
11.0%
97.1%
Q1 25
13.7%
96.3%
Q4 24
13.1%
98.8%
Q3 24
15.6%
95.5%
Q2 24
26.6%
96.2%
Q1 24
31.9%
93.5%
Operating Margin
CBAT
CBAT
PNRG
PNRG
Q4 25
-13.6%
3.2%
Q3 25
-6.6%
28.9%
Q2 25
-8.7%
10.0%
Q1 25
-8.2%
22.7%
Q4 24
-26.0%
6.8%
Q3 24
-1.9%
40.4%
Q2 24
12.4%
38.1%
Q1 24
17.4%
33.4%
Net Margin
CBAT
CBAT
PNRG
PNRG
Q4 25
-12.5%
6.6%
Q3 25
4.4%
23.0%
Q2 25
-7.6%
7.7%
Q1 25
-4.5%
18.2%
Q4 24
-17.8%
3.8%
Q3 24
0.0%
31.8%
Q2 24
13.5%
30.4%
Q1 24
16.7%
26.3%
EPS (diluted)
CBAT
CBAT
PNRG
PNRG
Q4 25
$-0.08
$1.43
Q3 25
$0.03
$4.38
Q2 25
$-0.03
$1.33
Q1 25
$-0.02
$3.72
Q4 24
$-0.05
$0.97
Q3 24
$0.00
$8.80
Q2 24
$0.07
$7.77
Q1 24
$0.11
$4.41

Balance Sheet & Financial Strength

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

Metric
CBAT
CBAT
PNRG
PNRG
Cash + ST InvestmentsLiquidity on hand
$8.3M
$7.4M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$112.7M
$215.7M
Total Assets
$426.2M
$323.9M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBAT
CBAT
PNRG
PNRG
Q4 25
$8.3M
$7.4M
Q3 25
$10.5M
$3.7M
Q2 25
$45.7M
$2.4M
Q1 25
$9.6M
$2.1M
Q4 24
$11.0M
$2.5M
Q3 24
$24.2M
$1.6M
Q2 24
$44.1M
$2.0M
Q1 24
$23.8M
$1.8M
Total Debt
CBAT
CBAT
PNRG
PNRG
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
PNRG
PNRG
Q4 25
$112.7M
$215.7M
Q3 25
$121.4M
$213.8M
Q2 25
$118.2M
$205.2M
Q1 25
$120.8M
$205.0M
Q4 24
$121.7M
$202.9M
Q3 24
$131.2M
$203.8M
Q2 24
$126.6M
$186.3M
Q1 24
$120.9M
$169.4M
Total Assets
CBAT
CBAT
PNRG
PNRG
Q4 25
$426.2M
$323.9M
Q3 25
$363.9M
$332.0M
Q2 25
$333.1M
$343.0M
Q1 25
$311.5M
$339.3M
Q4 24
$302.2M
$324.6M
Q3 24
$293.5M
$345.6M
Q2 24
$279.6M
$334.8M
Q1 24
$286.5M
$332.9M
Debt / Equity
CBAT
CBAT
PNRG
PNRG
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
PNRG
PNRG
Operating Cash FlowLast quarter
$29.8M
$12.2M
Free Cash FlowOCF − Capex
$16.1M
FCF MarginFCF / Revenue
27.3%
Capex IntensityCapex / Revenue
23.4%
Cash ConversionOCF / Net Profit
3.60×
TTM Free Cash FlowTrailing 4 quarters
$3.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBAT
CBAT
PNRG
PNRG
Q4 25
$29.8M
$12.2M
Q3 25
$14.6M
$54.7M
Q2 25
$13.8M
$-8.3M
Q1 25
$-9.6M
$38.2M
Q4 24
$9.6M
$23.9M
Q3 24
$19.7M
$50.8M
Q2 24
$2.9M
$-1.9M
Q1 24
$7.4M
$43.2M
Free Cash Flow
CBAT
CBAT
PNRG
PNRG
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
FCF Margin
CBAT
CBAT
PNRG
PNRG
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%
Capex Intensity
CBAT
CBAT
PNRG
PNRG
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%
Cash Conversion
CBAT
CBAT
PNRG
PNRG
Q4 25
3.60×
Q3 25
5.51×
5.18×
Q2 25
-2.58×
Q1 25
4.18×
Q4 24
10.50×
Q3 24
1115.72×
2.30×
Q2 24
0.46×
-0.10×
Q1 24
0.76×
3.82×

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%

PNRG
PNRG

Oil Sales$43.1M84%
Natural Gas Liquid$5.5M11%
Oil And Gas Service$2.0M4%

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