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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and Spok Holdings, Inc (SPOK). 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 $33.9M, roughly 1.7× Spok Holdings, Inc). Spok Holdings, Inc runs the higher net margin — 8.7% vs -12.5%, a 21.2% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs -0.1%). CBAK Energy Technology, Inc. produced more free cash flow last quarter ($16.1M vs $10.1M). Over the past eight quarters, CBAK Energy Technology, Inc.'s revenue compounded faster (-0.0% CAGR vs -1.5%).
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.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
CBAT vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.8M | $33.9M |
| Net Profit | $-7.4M | $2.9M |
| Gross Margin | 7.3% | 76.7% |
| Operating Margin | -13.6% | 11.6% |
| Net Margin | -12.5% | 8.7% |
| Revenue YoY | 131.8% | -0.1% |
| Net Profit YoY | -63.6% | -19.6% |
| 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.
| Q4 25 | $58.8M | $33.9M | ||
| Q3 25 | $60.9M | $33.9M | ||
| Q2 25 | $40.5M | $35.7M | ||
| Q1 25 | $34.9M | $36.3M | ||
| Q4 24 | $25.4M | $33.9M | ||
| Q3 24 | $44.6M | $34.9M | ||
| Q2 24 | $47.8M | $34.0M | ||
| Q1 24 | $58.8M | $34.9M |
| Q4 25 | $-7.4M | $2.9M | ||
| Q3 25 | $2.7M | $3.2M | ||
| Q2 25 | $-3.1M | $4.6M | ||
| Q1 25 | $-1.6M | $5.2M | ||
| Q4 24 | $-4.5M | $3.6M | ||
| Q3 24 | $17.6K | $3.7M | ||
| Q2 24 | $6.4M | $3.4M | ||
| Q1 24 | $9.8M | $4.2M |
| Q4 25 | 7.3% | 76.7% | ||
| Q3 25 | 8.0% | 78.3% | ||
| Q2 25 | 11.0% | 79.5% | ||
| Q1 25 | 13.7% | 80.1% | ||
| Q4 24 | 13.1% | 78.5% | ||
| Q3 24 | 15.6% | 79.5% | ||
| Q2 24 | 26.6% | 78.9% | ||
| Q1 24 | 31.9% | 79.5% |
| Q4 25 | -13.6% | 11.6% | ||
| Q3 25 | -6.6% | 12.9% | ||
| Q2 25 | -8.7% | 15.1% | ||
| Q1 25 | -8.2% | 16.6% | ||
| Q4 24 | -26.0% | 13.7% | ||
| Q3 24 | -1.9% | 14.2% | ||
| Q2 24 | 12.4% | 13.2% | ||
| Q1 24 | 17.4% | 14.0% |
| Q4 25 | -12.5% | 8.7% | ||
| Q3 25 | 4.4% | 9.5% | ||
| Q2 25 | -7.6% | 12.8% | ||
| Q1 25 | -4.5% | 14.3% | ||
| Q4 24 | -17.8% | 10.8% | ||
| Q3 24 | 0.0% | 10.5% | ||
| Q2 24 | 13.5% | 10.1% | ||
| Q1 24 | 16.7% | 12.1% |
| Q4 25 | $-0.08 | $0.13 | ||
| Q3 25 | $0.03 | $0.15 | ||
| Q2 25 | $-0.03 | $0.22 | ||
| Q1 25 | $-0.02 | $0.25 | ||
| Q4 24 | $-0.05 | $0.17 | ||
| Q3 24 | $0.00 | $0.18 | ||
| Q2 24 | $0.07 | $0.17 | ||
| Q1 24 | $0.11 | $0.21 |
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 | $25.3M |
| Total DebtLower is stronger | $4.1M | — |
| Stockholders' EquityBook value | $112.7M | $146.4M |
| Total Assets | $426.2M | $206.1M |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.3M | $25.3M | ||
| Q3 25 | $10.5M | $21.4M | ||
| Q2 25 | $45.7M | $20.2M | ||
| Q1 25 | $9.6M | $19.9M | ||
| Q4 24 | $11.0M | $29.1M | ||
| Q3 24 | $24.2M | $27.8M | ||
| Q2 24 | $44.1M | $23.9M | ||
| Q1 24 | $23.8M | $23.3M |
| Q4 25 | $4.1M | — | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $4.9M | — | ||
| Q1 25 | $4.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $112.7M | $146.4M | ||
| Q3 25 | $121.4M | $148.7M | ||
| Q2 25 | $118.2M | $150.9M | ||
| Q1 25 | $120.8M | $151.7M | ||
| Q4 24 | $121.7M | $154.7M | ||
| Q3 24 | $131.2M | $156.3M | ||
| Q2 24 | $126.6M | $158.2M | ||
| Q1 24 | $120.9M | $160.2M |
| Q4 25 | $426.2M | $206.1M | ||
| Q3 25 | $363.9M | $209.7M | ||
| Q2 25 | $333.1M | $208.7M | ||
| Q1 25 | $311.5M | $204.5M | ||
| Q4 24 | $302.2M | $217.1M | ||
| Q3 24 | $293.5M | $216.8M | ||
| Q2 24 | $279.6M | $216.4M | ||
| Q1 24 | $286.5M | $215.0M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $29.8M | $11.5M |
| Free Cash FlowOCF − Capex | $16.1M | $10.1M |
| FCF MarginFCF / Revenue | 27.3% | 29.9% |
| Capex IntensityCapex / Revenue | 23.4% | 4.1% |
| Cash ConversionOCF / Net Profit | — | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $3.9M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.8M | $11.5M | ||
| Q3 25 | $14.6M | $8.1M | ||
| Q2 25 | $13.8M | $7.0M | ||
| Q1 25 | $-9.6M | $2.3M | ||
| Q4 24 | $9.6M | $8.4M | ||
| Q3 24 | $19.7M | $11.1M | ||
| Q2 24 | $2.9M | $7.4M | ||
| Q1 24 | $7.4M | $2.0M |
| Q4 25 | $16.1M | $10.1M | ||
| Q3 25 | $6.0M | $7.6M | ||
| Q2 25 | $4.1M | $6.0M | ||
| Q1 25 | $-22.3M | $1.5M | ||
| Q4 24 | $3.9M | $7.5M | ||
| Q3 24 | $16.5M | $10.3M | ||
| Q2 24 | $2.5M | $6.8M | ||
| Q1 24 | $-454.0K | $1.1M |
| Q4 25 | 27.3% | 29.9% | ||
| Q3 25 | 9.9% | 22.4% | ||
| Q2 25 | 10.2% | 16.8% | ||
| Q1 25 | -63.9% | 4.2% | ||
| Q4 24 | 15.5% | 22.3% | ||
| Q3 24 | 37.1% | 29.4% | ||
| Q2 24 | 5.2% | 20.0% | ||
| Q1 24 | -0.8% | 3.2% |
| Q4 25 | 23.4% | 4.1% | ||
| Q3 25 | 14.1% | 1.6% | ||
| Q2 25 | 23.8% | 2.9% | ||
| Q1 25 | 36.3% | 2.1% | ||
| Q4 24 | 22.5% | 2.5% | ||
| Q3 24 | 7.0% | 2.4% | ||
| Q2 24 | 0.9% | 1.9% | ||
| Q1 24 | 13.4% | 2.5% |
| Q4 25 | — | 3.93× | ||
| Q3 25 | 5.51× | 2.54× | ||
| Q2 25 | — | 1.55× | ||
| Q1 25 | — | 0.43× | ||
| Q4 24 | — | 2.31× | ||
| Q3 24 | 1115.72× | 3.03× | ||
| Q2 24 | 0.46× | 2.17× | ||
| Q1 24 | 0.76× | 0.47× |
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% |
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
