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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and Star Equity Holdings, Inc. (STRR). 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 $56.8M, roughly 1.0× Star Equity Holdings, Inc.). Star Equity Holdings, Inc. runs the higher net margin — -3.0% vs -12.5%, a 9.5% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 69.0%). CBAK Energy Technology, Inc. produced more free cash flow last quarter ($16.1M vs $-9.0M). Over the past eight quarters, Star Equity Holdings, Inc.'s revenue compounded faster (29.5% 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.

Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.

CBAT vs STRR — Head-to-Head

Bigger by revenue
CBAT
CBAT
1.0× larger
CBAT
$58.8M
$56.8M
STRR
Growing faster (revenue YoY)
CBAT
CBAT
+62.7% gap
CBAT
131.8%
69.0%
STRR
Higher net margin
STRR
STRR
9.5% more per $
STRR
-3.0%
-12.5%
CBAT
More free cash flow
CBAT
CBAT
$25.0M more FCF
CBAT
$16.1M
$-9.0M
STRR
Faster 2-yr revenue CAGR
STRR
STRR
Annualised
STRR
29.5%
-0.0%
CBAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CBAT
CBAT
STRR
STRR
Revenue
$58.8M
$56.8M
Net Profit
$-7.4M
$-1.7M
Gross Margin
7.3%
Operating Margin
-13.6%
-0.2%
Net Margin
-12.5%
-3.0%
Revenue YoY
131.8%
69.0%
Net Profit YoY
-63.6%
-192.1%
EPS (diluted)
$-0.08
$-0.49

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
STRR
STRR
Q4 25
$58.8M
$56.8M
Q3 25
$60.9M
$48.0M
Q2 25
$40.5M
$35.5M
Q1 25
$34.9M
$31.9M
Q4 24
$25.4M
$33.6M
Q3 24
$44.6M
$36.9M
Q2 24
$47.8M
$35.7M
Q1 24
$58.8M
$33.9M
Net Profit
CBAT
CBAT
STRR
STRR
Q4 25
$-7.4M
$-1.7M
Q3 25
$2.7M
$-1.8M
Q2 25
$-3.1M
$-688.0K
Q1 25
$-1.6M
$-1.8M
Q4 24
$-4.5M
$-585.0K
Q3 24
$17.6K
$-846.0K
Q2 24
$6.4M
$-441.0K
Q1 24
$9.8M
$-2.9M
Gross Margin
CBAT
CBAT
STRR
STRR
Q4 25
7.3%
Q3 25
8.0%
43.0%
Q2 25
11.0%
Q1 25
13.7%
Q4 24
13.1%
Q3 24
15.6%
50.5%
Q2 24
26.6%
Q1 24
31.9%
Operating Margin
CBAT
CBAT
STRR
STRR
Q4 25
-13.6%
-0.2%
Q3 25
-6.6%
-3.4%
Q2 25
-8.7%
-0.6%
Q1 25
-8.2%
-5.4%
Q4 24
-26.0%
-0.4%
Q3 24
-1.9%
-1.2%
Q2 24
12.4%
-0.5%
Q1 24
17.4%
-9.0%
Net Margin
CBAT
CBAT
STRR
STRR
Q4 25
-12.5%
-3.0%
Q3 25
4.4%
-3.7%
Q2 25
-7.6%
-1.9%
Q1 25
-4.5%
-5.5%
Q4 24
-17.8%
-1.7%
Q3 24
0.0%
-2.3%
Q2 24
13.5%
-1.2%
Q1 24
16.7%
-8.6%
EPS (diluted)
CBAT
CBAT
STRR
STRR
Q4 25
$-0.08
$-0.49
Q3 25
$0.03
$-0.54
Q2 25
$-0.03
$-0.23
Q1 25
$-0.02
$-0.59
Q4 24
$-0.05
$-0.21
Q3 24
$0.00
$-0.28
Q2 24
$0.07
$-0.15
Q1 24
$0.11
$-0.95

Balance Sheet & Financial Strength

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

Metric
CBAT
CBAT
STRR
STRR
Cash + ST InvestmentsLiquidity on hand
$8.3M
$10.3M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$112.7M
$65.7M
Total Assets
$426.2M
$113.2M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBAT
CBAT
STRR
STRR
Q4 25
$8.3M
$10.3M
Q3 25
$10.5M
$15.4M
Q2 25
$45.7M
$16.8M
Q1 25
$9.6M
$16.6M
Q4 24
$11.0M
$17.0M
Q3 24
$24.2M
$15.8M
Q2 24
$44.1M
$14.7M
Q1 24
$23.8M
$20.4M
Total Debt
CBAT
CBAT
STRR
STRR
Q4 25
$4.1M
Q3 25
$4.8M
$6.5M
Q2 25
$4.9M
Q1 25
$4.1M
Q4 24
$0
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CBAT
CBAT
STRR
STRR
Q4 25
$112.7M
$65.7M
Q3 25
$121.4M
$67.8M
Q2 25
$118.2M
$40.1M
Q1 25
$120.8M
$39.5M
Q4 24
$121.7M
$40.4M
Q3 24
$131.2M
$42.9M
Q2 24
$126.6M
$42.6M
Q1 24
$120.9M
$44.3M
Total Assets
CBAT
CBAT
STRR
STRR
Q4 25
$426.2M
$113.2M
Q3 25
$363.9M
$117.1M
Q2 25
$333.1M
$55.6M
Q1 25
$311.5M
$53.2M
Q4 24
$302.2M
$52.6M
Q3 24
$293.5M
$52.6M
Q2 24
$279.6M
$52.6M
Q1 24
$286.5M
$52.6M
Debt / Equity
CBAT
CBAT
STRR
STRR
Q4 25
0.04×
Q3 25
0.04×
0.10×
Q2 25
0.04×
Q1 25
0.03×
Q4 24
0.00×
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
STRR
STRR
Operating Cash FlowLast quarter
$29.8M
$-7.3M
Free Cash FlowOCF − Capex
$16.1M
$-9.0M
FCF MarginFCF / Revenue
27.3%
-15.8%
Capex IntensityCapex / Revenue
23.4%
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$3.9M
$-13.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBAT
CBAT
STRR
STRR
Q4 25
$29.8M
$-7.3M
Q3 25
$14.6M
$-2.7M
Q2 25
$13.8M
$139.0K
Q1 25
$-9.6M
$-802.0K
Q4 24
$9.6M
$-2.8M
Q3 24
$19.7M
$1.3M
Q2 24
$2.9M
$-4.3M
Q1 24
$7.4M
$-1.8M
Free Cash Flow
CBAT
CBAT
STRR
STRR
Q4 25
$16.1M
$-9.0M
Q3 25
$6.0M
$-3.4M
Q2 25
$4.1M
$102.0K
Q1 25
$-22.3M
$-808.0K
Q4 24
$3.9M
$-2.8M
Q3 24
$16.5M
$1.3M
Q2 24
$2.5M
$-4.3M
Q1 24
$-454.0K
$-1.8M
FCF Margin
CBAT
CBAT
STRR
STRR
Q4 25
27.3%
-15.8%
Q3 25
9.9%
-7.0%
Q2 25
10.2%
0.3%
Q1 25
-63.9%
-2.5%
Q4 24
15.5%
-8.3%
Q3 24
37.1%
3.4%
Q2 24
5.2%
-12.0%
Q1 24
-0.8%
-5.3%
Capex Intensity
CBAT
CBAT
STRR
STRR
Q4 25
23.4%
3.0%
Q3 25
14.1%
1.3%
Q2 25
23.8%
0.1%
Q1 25
36.3%
0.0%
Q4 24
22.5%
0.1%
Q3 24
7.0%
0.0%
Q2 24
0.9%
0.0%
Q1 24
13.4%
0.0%
Cash Conversion
CBAT
CBAT
STRR
STRR
Q4 25
Q3 25
5.51×
Q2 25
Q1 25
Q4 24
Q3 24
1115.72×
Q2 24
0.46×
Q1 24
0.76×

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%

STRR
STRR

Revenue From Other Contracts With Customers$27.6M49%
Other$24.3M43%
Energy Services Segment$4.9M9%

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