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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and Reservoir Media, Inc. (RSVR). 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 $45.6M, roughly 1.3× Reservoir Media, Inc.). Reservoir Media, Inc. runs the higher net margin — 4.8% vs -12.5%, a 17.4% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 7.7%). CBAK Energy Technology, Inc. produced more free cash flow last quarter ($16.1M vs $12.8M). Over the past eight quarters, Reservoir Media, Inc.'s revenue compounded faster (7.9% 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.

Reservoir Media, Inc. is a leading global independent music rights management company. It owns and administers extensive catalogs of recorded music, music publishing copyrights, and neighboring rights, partnering with top songwriters, performing artists, and producers across genres including pop, hip-hop, rock, and film soundtracks. It licenses its content for use across streaming platforms, advertising, film and television productions, live events, and other commercial channels, with operations spanning North America, Europe, and Asia Pacific markets.

CBAT vs RSVR — Head-to-Head

Bigger by revenue
CBAT
CBAT
1.3× larger
CBAT
$58.8M
$45.6M
RSVR
Growing faster (revenue YoY)
CBAT
CBAT
+124.1% gap
CBAT
131.8%
7.7%
RSVR
Higher net margin
RSVR
RSVR
17.4% more per $
RSVR
4.8%
-12.5%
CBAT
More free cash flow
CBAT
CBAT
$3.3M more FCF
CBAT
$16.1M
$12.8M
RSVR
Faster 2-yr revenue CAGR
RSVR
RSVR
Annualised
RSVR
7.9%
-0.0%
CBAT

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
CBAT
CBAT
RSVR
RSVR
Revenue
$58.8M
$45.6M
Net Profit
$-7.4M
$2.2M
Gross Margin
7.3%
64.5%
Operating Margin
-13.6%
22.7%
Net Margin
-12.5%
4.8%
Revenue YoY
131.8%
7.7%
Net Profit YoY
-63.6%
-58.1%
EPS (diluted)
$-0.08
$0.03

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
RSVR
RSVR
Q4 25
$58.8M
$45.6M
Q3 25
$60.9M
$45.4M
Q2 25
$40.5M
$37.2M
Q1 25
$34.9M
$41.4M
Q4 24
$25.4M
$42.3M
Q3 24
$44.6M
$40.7M
Q2 24
$47.8M
$34.3M
Q1 24
$58.8M
$39.1M
Net Profit
CBAT
CBAT
RSVR
RSVR
Q4 25
$-7.4M
$2.2M
Q3 25
$2.7M
$2.3M
Q2 25
$-3.1M
$-555.7K
Q1 25
$-1.6M
$2.7M
Q4 24
$-4.5M
$5.2M
Q3 24
$17.6K
$185.0K
Q2 24
$6.4M
$-346.7K
Q1 24
$9.8M
$2.8M
Gross Margin
CBAT
CBAT
RSVR
RSVR
Q4 25
7.3%
64.5%
Q3 25
8.0%
63.6%
Q2 25
11.0%
64.5%
Q1 25
13.7%
65.6%
Q4 24
13.1%
64.4%
Q3 24
15.6%
63.5%
Q2 24
26.6%
61.3%
Q1 24
31.9%
63.4%
Operating Margin
CBAT
CBAT
RSVR
RSVR
Q4 25
-13.6%
22.7%
Q3 25
-6.6%
23.5%
Q2 25
-8.7%
14.7%
Q1 25
-8.2%
25.2%
Q4 24
-26.0%
22.6%
Q3 24
-1.9%
24.9%
Q2 24
12.4%
14.5%
Q1 24
17.4%
22.4%
Net Margin
CBAT
CBAT
RSVR
RSVR
Q4 25
-12.5%
4.8%
Q3 25
4.4%
5.0%
Q2 25
-7.6%
-1.5%
Q1 25
-4.5%
6.4%
Q4 24
-17.8%
12.4%
Q3 24
0.0%
0.5%
Q2 24
13.5%
-1.0%
Q1 24
16.7%
7.1%
EPS (diluted)
CBAT
CBAT
RSVR
RSVR
Q4 25
$-0.08
$0.03
Q3 25
$0.03
$0.03
Q2 25
$-0.03
$-0.01
Q1 25
$-0.02
Q4 24
$-0.05
$0.08
Q3 24
$0.00
Q2 24
$0.07
$-0.01
Q1 24
$0.11

Balance Sheet & Financial Strength

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

Metric
CBAT
CBAT
RSVR
RSVR
Cash + ST InvestmentsLiquidity on hand
$8.3M
$20.6M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$112.7M
$373.6M
Total Assets
$426.2M
$941.9M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBAT
CBAT
RSVR
RSVR
Q4 25
$8.3M
$20.6M
Q3 25
$10.5M
$27.9M
Q2 25
$45.7M
$14.9M
Q1 25
$9.6M
$21.4M
Q4 24
$11.0M
$17.8M
Q3 24
$24.2M
$21.1M
Q2 24
$44.1M
$16.4M
Q1 24
$23.8M
$18.1M
Total Debt
CBAT
CBAT
RSVR
RSVR
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
RSVR
RSVR
Q4 25
$112.7M
$373.6M
Q3 25
$121.4M
$370.9M
Q2 25
$118.2M
$368.9M
Q1 25
$120.8M
$364.9M
Q4 24
$121.7M
$359.5M
Q3 24
$131.2M
$357.9M
Q2 24
$126.6M
$353.0M
Q1 24
$120.9M
$353.0M
Total Assets
CBAT
CBAT
RSVR
RSVR
Q4 25
$426.2M
$941.9M
Q3 25
$363.9M
$903.5M
Q2 25
$333.1M
$857.0M
Q1 25
$311.5M
$865.1M
Q4 24
$302.2M
$832.4M
Q3 24
$293.5M
$778.2M
Q2 24
$279.6M
$768.2M
Q1 24
$286.5M
$783.5M
Debt / Equity
CBAT
CBAT
RSVR
RSVR
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
RSVR
RSVR
Operating Cash FlowLast quarter
$29.8M
$12.9M
Free Cash FlowOCF − Capex
$16.1M
$12.8M
FCF MarginFCF / Revenue
27.3%
28.1%
Capex IntensityCapex / Revenue
23.4%
0.3%
Cash ConversionOCF / Net Profit
5.89×
TTM Free Cash FlowTrailing 4 quarters
$3.9M
$50.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBAT
CBAT
RSVR
RSVR
Q4 25
$29.8M
$12.9M
Q3 25
$14.6M
$19.3M
Q2 25
$13.8M
$6.0M
Q1 25
$-9.6M
$12.2M
Q4 24
$9.6M
$11.2M
Q3 24
$19.7M
$13.3M
Q2 24
$2.9M
$8.6M
Q1 24
$7.4M
$13.8M
Free Cash Flow
CBAT
CBAT
RSVR
RSVR
Q4 25
$16.1M
$12.8M
Q3 25
$6.0M
$19.2M
Q2 25
$4.1M
$6.0M
Q1 25
$-22.3M
$12.2M
Q4 24
$3.9M
$11.2M
Q3 24
$16.5M
$13.3M
Q2 24
$2.5M
$8.5M
Q1 24
$-454.0K
$13.8M
FCF Margin
CBAT
CBAT
RSVR
RSVR
Q4 25
27.3%
28.1%
Q3 25
9.9%
42.2%
Q2 25
10.2%
16.1%
Q1 25
-63.9%
29.3%
Q4 24
15.5%
26.5%
Q3 24
37.1%
32.7%
Q2 24
5.2%
24.9%
Q1 24
-0.8%
35.2%
Capex Intensity
CBAT
CBAT
RSVR
RSVR
Q4 25
23.4%
0.3%
Q3 25
14.1%
0.3%
Q2 25
23.8%
0.1%
Q1 25
36.3%
0.1%
Q4 24
22.5%
0.0%
Q3 24
7.0%
0.1%
Q2 24
0.9%
0.1%
Q1 24
13.4%
0.0%
Cash Conversion
CBAT
CBAT
RSVR
RSVR
Q4 25
5.89×
Q3 25
5.51×
8.54×
Q2 25
Q1 25
4.56×
Q4 24
2.14×
Q3 24
1115.72×
71.97×
Q2 24
0.46×
Q1 24
0.76×
4.93×

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%

RSVR
RSVR

Other$18.9M42%
Recorded Music Segment$12.9M28%
Performance$6.2M14%
Synchronization$4.6M10%
Physical$1.9M4%
Neighboring Rights$1.1M3%

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