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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Latham Group, Inc. is the larger business by last-quarter revenue ($100.0M vs $58.8M, roughly 1.7× CBAK Energy Technology, Inc.). Latham Group, Inc. runs the higher net margin — -7.0% vs -12.5%, a 5.5% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 14.5%). CBAK Energy Technology, Inc. produced more free cash flow last quarter ($16.1M vs $14.1M). Over the past eight quarters, CBAK Energy Technology, Inc.'s revenue compounded faster (-0.0% CAGR vs -4.9%).
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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
CBAT vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.8M | $100.0M |
| Net Profit | $-7.4M | $-7.0M |
| Gross Margin | 7.3% | 28.0% |
| Operating Margin | -13.6% | -10.7% |
| Net Margin | -12.5% | -7.0% |
| Revenue YoY | 131.8% | 14.5% |
| Net Profit YoY | -63.6% | 76.0% |
| EPS (diluted) | $-0.08 | $-0.06 |
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 | $100.0M | ||
| Q3 25 | $60.9M | $161.9M | ||
| Q2 25 | $40.5M | $172.6M | ||
| Q1 25 | $34.9M | $111.4M | ||
| Q4 24 | $25.4M | $87.3M | ||
| Q3 24 | $44.6M | $150.5M | ||
| Q2 24 | $47.8M | $160.1M | ||
| Q1 24 | $58.8M | $110.6M |
| Q4 25 | $-7.4M | $-7.0M | ||
| Q3 25 | $2.7M | $8.1M | ||
| Q2 25 | $-3.1M | $16.0M | ||
| Q1 25 | $-1.6M | $-6.0M | ||
| Q4 24 | $-4.5M | $-29.2M | ||
| Q3 24 | $17.6K | $5.9M | ||
| Q2 24 | $6.4M | $13.3M | ||
| Q1 24 | $9.8M | $-7.9M |
| Q4 25 | 7.3% | 28.0% | ||
| Q3 25 | 8.0% | 35.4% | ||
| Q2 25 | 11.0% | 37.1% | ||
| Q1 25 | 13.7% | 29.5% | ||
| Q4 24 | 13.1% | 24.6% | ||
| Q3 24 | 15.6% | 32.4% | ||
| Q2 24 | 26.6% | 33.1% | ||
| Q1 24 | 31.9% | 27.7% |
| Q4 25 | -13.6% | -10.7% | ||
| Q3 25 | -6.6% | 13.3% | ||
| Q2 25 | -8.7% | 14.3% | ||
| Q1 25 | -8.2% | -4.4% | ||
| Q4 24 | -26.0% | -14.9% | ||
| Q3 24 | -1.9% | 8.9% | ||
| Q2 24 | 12.4% | 12.5% | ||
| Q1 24 | 17.4% | -1.9% |
| Q4 25 | -12.5% | -7.0% | ||
| Q3 25 | 4.4% | 5.0% | ||
| Q2 25 | -7.6% | 9.3% | ||
| Q1 25 | -4.5% | -5.4% | ||
| Q4 24 | -17.8% | -33.4% | ||
| Q3 24 | 0.0% | 3.9% | ||
| Q2 24 | 13.5% | 8.3% | ||
| Q1 24 | 16.7% | -7.1% |
| Q4 25 | $-0.08 | $-0.06 | ||
| Q3 25 | $0.03 | $0.07 | ||
| Q2 25 | $-0.03 | $0.13 | ||
| Q1 25 | $-0.02 | $-0.05 | ||
| Q4 24 | $-0.05 | $-0.24 | ||
| Q3 24 | $0.00 | $0.05 | ||
| Q2 24 | $0.07 | $0.11 | ||
| Q1 24 | $0.11 | $-0.07 |
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 | — |
| Total DebtLower is stronger | $4.1M | $279.8M |
| Stockholders' EquityBook value | $112.7M | $405.9M |
| Total Assets | $426.2M | $823.2M |
| Debt / EquityLower = less leverage | 0.04× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.3M | — | ||
| Q3 25 | $10.5M | — | ||
| Q2 25 | $45.7M | — | ||
| Q1 25 | $9.6M | — | ||
| Q4 24 | $11.0M | — | ||
| Q3 24 | $24.2M | — | ||
| Q2 24 | $44.1M | — | ||
| Q1 24 | $23.8M | — |
| Q4 25 | $4.1M | $279.8M | ||
| Q3 25 | $4.8M | $281.1M | ||
| Q2 25 | $4.9M | $281.5M | ||
| Q1 25 | $4.1M | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $112.7M | $405.9M | ||
| Q3 25 | $121.4M | $408.4M | ||
| Q2 25 | $118.2M | $398.4M | ||
| Q1 25 | $120.8M | $381.1M | ||
| Q4 24 | $121.7M | $387.2M | ||
| Q3 24 | $131.2M | $416.6M | ||
| Q2 24 | $126.6M | $408.1M | ||
| Q1 24 | $120.9M | $391.8M |
| Q4 25 | $426.2M | $823.2M | ||
| Q3 25 | $363.9M | $844.4M | ||
| Q2 25 | $333.1M | $822.1M | ||
| Q1 25 | $311.5M | $824.6M | ||
| Q4 24 | $302.2M | $794.2M | ||
| Q3 24 | $293.5M | $853.4M | ||
| Q2 24 | $279.6M | $830.0M | ||
| Q1 24 | $286.5M | $808.6M |
| Q4 25 | 0.04× | 0.69× | ||
| Q3 25 | 0.04× | 0.69× | ||
| Q2 25 | 0.04× | 0.71× | ||
| Q1 25 | 0.03× | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $16.1M | $14.1M |
| FCF MarginFCF / Revenue | 27.3% | 14.1% |
| Capex IntensityCapex / Revenue | 23.4% | 9.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $3.9M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.8M | $23.3M | ||
| Q3 25 | $14.6M | $51.0M | ||
| Q2 25 | $13.8M | $36.0M | ||
| Q1 25 | $-9.6M | $-46.9M | ||
| Q4 24 | $9.6M | $6.2M | ||
| Q3 24 | $19.7M | $37.2M | ||
| Q2 24 | $2.9M | $52.4M | ||
| Q1 24 | $7.4M | $-34.5M |
| Q4 25 | $16.1M | $14.1M | ||
| Q3 25 | $6.0M | $45.2M | ||
| Q2 25 | $4.1M | $29.1M | ||
| Q1 25 | $-22.3M | $-50.3M | ||
| Q4 24 | $3.9M | $-98.0K | ||
| Q3 24 | $16.5M | $33.2M | ||
| Q2 24 | $2.5M | $47.9M | ||
| Q1 24 | $-454.0K | $-39.9M |
| Q4 25 | 27.3% | 14.1% | ||
| Q3 25 | 9.9% | 27.9% | ||
| Q2 25 | 10.2% | 16.8% | ||
| Q1 25 | -63.9% | -45.2% | ||
| Q4 24 | 15.5% | -0.1% | ||
| Q3 24 | 37.1% | 22.1% | ||
| Q2 24 | 5.2% | 29.9% | ||
| Q1 24 | -0.8% | -36.0% |
| Q4 25 | 23.4% | 9.2% | ||
| Q3 25 | 14.1% | 3.6% | ||
| Q2 25 | 23.8% | 4.0% | ||
| Q1 25 | 36.3% | 3.1% | ||
| Q4 24 | 22.5% | 7.2% | ||
| Q3 24 | 7.0% | 2.7% | ||
| Q2 24 | 0.9% | 2.8% | ||
| Q1 24 | 13.4% | 4.8% |
| Q4 25 | — | — | ||
| Q3 25 | 5.51× | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1115.72× | 6.32× | ||
| Q2 24 | 0.46× | 3.95× | ||
| Q1 24 | 0.76× | — |
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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
