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

SHENANDOAH TELECOMMUNICATIONS CO is the larger business by last-quarter revenue ($91.6M vs $58.8M, roughly 1.6× CBAK Energy Technology, Inc.). SHENANDOAH TELECOMMUNICATIONS CO runs the higher net margin — -5.9% vs -12.5%, a 6.7% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 7.2%). CBAK Energy Technology, Inc. produced more free cash flow last quarter ($16.1M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% 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.

Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.

CBAT vs SHEN — Head-to-Head

Bigger by revenue
SHEN
SHEN
1.6× larger
SHEN
$91.6M
$58.8M
CBAT
Growing faster (revenue YoY)
CBAT
CBAT
+124.5% gap
CBAT
131.8%
7.2%
SHEN
Higher net margin
SHEN
SHEN
6.7% more per $
SHEN
-5.9%
-12.5%
CBAT
More free cash flow
CBAT
CBAT
$94.7M more FCF
CBAT
$16.1M
$-78.6M
SHEN
Faster 2-yr revenue CAGR
SHEN
SHEN
Annualised
SHEN
15.0%
-0.0%
CBAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CBAT
CBAT
SHEN
SHEN
Revenue
$58.8M
$91.6M
Net Profit
$-7.4M
$-5.4M
Gross Margin
7.3%
Operating Margin
-13.6%
-1.0%
Net Margin
-12.5%
-5.9%
Revenue YoY
131.8%
7.2%
Net Profit YoY
-63.6%
-95.8%
EPS (diluted)
$-0.08
$-0.13

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
SHEN
SHEN
Q4 25
$58.8M
$91.6M
Q3 25
$60.9M
$89.8M
Q2 25
$40.5M
$88.6M
Q1 25
$34.9M
$87.9M
Q4 24
$25.4M
$85.4M
Q3 24
$44.6M
$87.6M
Q2 24
$47.8M
$85.8M
Q1 24
$58.8M
$69.2M
Net Profit
CBAT
CBAT
SHEN
SHEN
Q4 25
$-7.4M
$-5.4M
Q3 25
$2.7M
$-9.4M
Q2 25
$-3.1M
$-9.0M
Q1 25
$-1.6M
$-9.1M
Q4 24
$-4.5M
$-2.7M
Q3 24
$17.6K
$-5.3M
Q2 24
$6.4M
$-12.9M
Q1 24
$9.8M
$214.7M
Gross Margin
CBAT
CBAT
SHEN
SHEN
Q4 25
7.3%
Q3 25
8.0%
Q2 25
11.0%
Q1 25
13.7%
Q4 24
13.1%
Q3 24
15.6%
Q2 24
26.6%
Q1 24
31.9%
Operating Margin
CBAT
CBAT
SHEN
SHEN
Q4 25
-13.6%
-1.0%
Q3 25
-6.6%
-8.0%
Q2 25
-8.7%
-10.3%
Q1 25
-8.2%
-6.9%
Q4 24
-26.0%
-6.7%
Q3 24
-1.9%
-4.8%
Q2 24
12.4%
-18.5%
Q1 24
17.4%
-4.0%
Net Margin
CBAT
CBAT
SHEN
SHEN
Q4 25
-12.5%
-5.9%
Q3 25
4.4%
-10.5%
Q2 25
-7.6%
-10.2%
Q1 25
-4.5%
-10.4%
Q4 24
-17.8%
-3.2%
Q3 24
0.0%
-6.0%
Q2 24
13.5%
-15.0%
Q1 24
16.7%
310.0%
EPS (diluted)
CBAT
CBAT
SHEN
SHEN
Q4 25
$-0.08
$-0.13
Q3 25
$0.03
$-0.20
Q2 25
$-0.03
$-0.19
Q1 25
$-0.02
$-0.19
Q4 24
$-0.05
$-0.34
Q3 24
$0.00
$-0.13
Q2 24
$0.07
$-0.24
Q1 24
$0.11
$4.25

Balance Sheet & Financial Strength

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

Metric
CBAT
CBAT
SHEN
SHEN
Cash + ST InvestmentsLiquidity on hand
$8.3M
$27.3M
Total DebtLower is stronger
$4.1M
$642.4M
Stockholders' EquityBook value
$112.7M
$880.8M
Total Assets
$426.2M
$1.9B
Debt / EquityLower = less leverage
0.04×
0.73×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBAT
CBAT
SHEN
SHEN
Q4 25
$8.3M
$27.3M
Q3 25
$10.5M
$22.6M
Q2 25
$45.7M
$29.1M
Q1 25
$9.6M
$87.5M
Q4 24
$11.0M
$46.3M
Q3 24
$24.2M
$43.1M
Q2 24
$44.1M
$43.8M
Q1 24
$23.8M
$389.7M
Total Debt
CBAT
CBAT
SHEN
SHEN
Q4 25
$4.1M
$642.4M
Q3 25
$4.8M
$535.4M
Q2 25
$4.9M
$513.1M
Q1 25
$4.1M
$515.8M
Q4 24
$418.0M
Q3 24
$345.2M
Q2 24
$297.4M
Q1 24
$298.7M
Stockholders' Equity
CBAT
CBAT
SHEN
SHEN
Q4 25
$112.7M
$880.8M
Q3 25
$121.4M
$892.7M
Q2 25
$118.2M
$902.0M
Q1 25
$120.8M
$910.5M
Q4 24
$121.7M
$918.6M
Q3 24
$131.2M
$925.4M
Q2 24
$126.6M
$933.1M
Q1 24
$120.9M
$871.6M
Total Assets
CBAT
CBAT
SHEN
SHEN
Q4 25
$426.2M
$1.9B
Q3 25
$363.9M
$1.9B
Q2 25
$333.1M
$1.8B
Q1 25
$311.5M
$1.8B
Q4 24
$302.2M
$1.7B
Q3 24
$293.5M
$1.7B
Q2 24
$279.6M
$1.7B
Q1 24
$286.5M
$1.4B
Debt / Equity
CBAT
CBAT
SHEN
SHEN
Q4 25
0.04×
0.73×
Q3 25
0.04×
0.60×
Q2 25
0.04×
0.57×
Q1 25
0.03×
0.57×
Q4 24
0.46×
Q3 24
0.37×
Q2 24
0.32×
Q1 24
0.34×

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
SHEN
SHEN
Operating Cash FlowLast quarter
$29.8M
$28.8M
Free Cash FlowOCF − Capex
$16.1M
$-78.6M
FCF MarginFCF / Revenue
27.3%
-85.8%
Capex IntensityCapex / Revenue
23.4%
117.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$3.9M
$-257.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBAT
CBAT
SHEN
SHEN
Q4 25
$29.8M
$28.8M
Q3 25
$14.6M
$30.7M
Q2 25
$13.8M
$20.9M
Q1 25
$-9.6M
$20.5M
Q4 24
$9.6M
$20.6M
Q3 24
$19.7M
$24.3M
Q2 24
$2.9M
$2.5M
Q1 24
$7.4M
$15.2M
Free Cash Flow
CBAT
CBAT
SHEN
SHEN
Q4 25
$16.1M
$-78.6M
Q3 25
$6.0M
$-51.4M
Q2 25
$4.1M
$-65.3M
Q1 25
$-22.3M
$-62.7M
Q4 24
$3.9M
$-72.0M
Q3 24
$16.5M
$-51.3M
Q2 24
$2.5M
$-78.3M
Q1 24
$-454.0K
$-54.9M
FCF Margin
CBAT
CBAT
SHEN
SHEN
Q4 25
27.3%
-85.8%
Q3 25
9.9%
-57.2%
Q2 25
10.2%
-73.7%
Q1 25
-63.9%
-71.3%
Q4 24
15.5%
-84.3%
Q3 24
37.1%
-58.5%
Q2 24
5.2%
-91.3%
Q1 24
-0.8%
-79.3%
Capex Intensity
CBAT
CBAT
SHEN
SHEN
Q4 25
23.4%
117.2%
Q3 25
14.1%
91.4%
Q2 25
23.8%
97.3%
Q1 25
36.3%
94.7%
Q4 24
22.5%
108.4%
Q3 24
7.0%
86.2%
Q2 24
0.9%
94.2%
Q1 24
13.4%
101.2%
Cash Conversion
CBAT
CBAT
SHEN
SHEN
Q4 25
Q3 25
5.51×
Q2 25
Q1 25
Q4 24
Q3 24
1115.72×
Q2 24
0.46×
Q1 24
0.76×
0.07×

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%

SHEN
SHEN

Residential And SMB Incumbent Broadband$41.5M45%
Residential And SMB Glo Fiber Expansion Markets$23.0M25%
Commercial Fiber$20.3M22%
RLEC Other$6.8M7%

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