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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and UNITY BANCORP INC (UNTY). 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 $35.3M, roughly 1.7× UNITY BANCORP INC). UNITY BANCORP INC runs the higher net margin — 43.9% vs -12.5%, a 56.4% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 24.2%). UNITY BANCORP INC produced more free cash flow last quarter ($44.3M vs $16.1M). Over the past eight quarters, UNITY BANCORP INC's revenue compounded faster (17.5% 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.

Unity Bancorp Inc is a New Jersey-headquartered financial holding company operating Unity Bank. It offers a full range of commercial and retail banking services including business loans, deposit products, mortgage services, and personal banking solutions, primarily serving small and medium-sized enterprises and individual consumers across local communities in New Jersey and eastern Pennsylvania.

CBAT vs UNTY — Head-to-Head

Bigger by revenue
CBAT
CBAT
1.7× larger
CBAT
$58.8M
$35.3M
UNTY
Growing faster (revenue YoY)
CBAT
CBAT
+107.6% gap
CBAT
131.8%
24.2%
UNTY
Higher net margin
UNTY
UNTY
56.4% more per $
UNTY
43.9%
-12.5%
CBAT
More free cash flow
UNTY
UNTY
$28.3M more FCF
UNTY
$44.3M
$16.1M
CBAT
Faster 2-yr revenue CAGR
UNTY
UNTY
Annualised
UNTY
17.5%
-0.0%
CBAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CBAT
CBAT
UNTY
UNTY
Revenue
$58.8M
$35.3M
Net Profit
$-7.4M
$15.5M
Gross Margin
7.3%
Operating Margin
-13.6%
55.8%
Net Margin
-12.5%
43.9%
Revenue YoY
131.8%
24.2%
Net Profit YoY
-63.6%
34.5%
EPS (diluted)
$-0.08
$1.52

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
UNTY
UNTY
Q4 25
$58.8M
$35.3M
Q3 25
$60.9M
$32.8M
Q2 25
$40.5M
$34.4M
Q1 25
$34.9M
$29.4M
Q4 24
$25.4M
$28.4M
Q3 24
$44.6M
$27.7M
Q2 24
$47.8M
$25.5M
Q1 24
$58.8M
$25.6M
Net Profit
CBAT
CBAT
UNTY
UNTY
Q4 25
$-7.4M
$15.5M
Q3 25
$2.7M
$14.4M
Q2 25
$-3.1M
$16.5M
Q1 25
$-1.6M
$11.6M
Q4 24
$-4.5M
$11.5M
Q3 24
$17.6K
$10.9M
Q2 24
$6.4M
$9.5M
Q1 24
$9.8M
$9.6M
Gross Margin
CBAT
CBAT
UNTY
UNTY
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
UNTY
UNTY
Q4 25
-13.6%
55.8%
Q3 25
-6.6%
57.5%
Q2 25
-8.7%
62.6%
Q1 25
-8.2%
52.6%
Q4 24
-26.0%
51.0%
Q3 24
-1.9%
52.7%
Q2 24
12.4%
49.3%
Q1 24
17.4%
50.0%
Net Margin
CBAT
CBAT
UNTY
UNTY
Q4 25
-12.5%
43.9%
Q3 25
4.4%
43.8%
Q2 25
-7.6%
48.0%
Q1 25
-4.5%
39.5%
Q4 24
-17.8%
40.5%
Q3 24
0.0%
39.4%
Q2 24
13.5%
37.1%
Q1 24
16.7%
37.5%
EPS (diluted)
CBAT
CBAT
UNTY
UNTY
Q4 25
$-0.08
$1.52
Q3 25
$0.03
$1.41
Q2 25
$-0.03
$1.61
Q1 25
$-0.02
$1.13
Q4 24
$-0.05
$1.13
Q3 24
$0.00
$1.07
Q2 24
$0.07
$0.92
Q1 24
$0.11
$0.94

Balance Sheet & Financial Strength

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

Metric
CBAT
CBAT
UNTY
UNTY
Cash + ST InvestmentsLiquidity on hand
$8.3M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$112.7M
$345.6M
Total Assets
$426.2M
$3.0B
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBAT
CBAT
UNTY
UNTY
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
Total Debt
CBAT
CBAT
UNTY
UNTY
Q4 25
$4.1M
Q3 25
$4.8M
Q2 25
$4.9M
Q1 25
$4.1M
Q4 24
$230.8M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CBAT
CBAT
UNTY
UNTY
Q4 25
$112.7M
$345.6M
Q3 25
$121.4M
$334.0M
Q2 25
$118.2M
$319.8M
Q1 25
$120.8M
$306.1M
Q4 24
$121.7M
$295.6M
Q3 24
$131.2M
$284.3M
Q2 24
$126.6M
$273.4M
Q1 24
$120.9M
$266.8M
Total Assets
CBAT
CBAT
UNTY
UNTY
Q4 25
$426.2M
$3.0B
Q3 25
$363.9M
$2.9B
Q2 25
$333.1M
$2.9B
Q1 25
$311.5M
$2.8B
Q4 24
$302.2M
$2.7B
Q3 24
$293.5M
$2.6B
Q2 24
$279.6M
$2.6B
Q1 24
$286.5M
$2.6B
Debt / Equity
CBAT
CBAT
UNTY
UNTY
Q4 25
0.04×
Q3 25
0.04×
Q2 25
0.04×
Q1 25
0.03×
Q4 24
0.78×
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
UNTY
UNTY
Operating Cash FlowLast quarter
$29.8M
$44.9M
Free Cash FlowOCF − Capex
$16.1M
$44.3M
FCF MarginFCF / Revenue
27.3%
125.7%
Capex IntensityCapex / Revenue
23.4%
1.6%
Cash ConversionOCF / Net Profit
2.90×
TTM Free Cash FlowTrailing 4 quarters
$3.9M
$81.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBAT
CBAT
UNTY
UNTY
Q4 25
$29.8M
$44.9M
Q3 25
$14.6M
$45.5M
Q2 25
$13.8M
$-25.3M
Q1 25
$-9.6M
$17.9M
Q4 24
$9.6M
$48.0M
Q3 24
$19.7M
$17.7M
Q2 24
$2.9M
$-8.4M
Q1 24
$7.4M
$15.8M
Free Cash Flow
CBAT
CBAT
UNTY
UNTY
Q4 25
$16.1M
$44.3M
Q3 25
$6.0M
$45.3M
Q2 25
$4.1M
$-25.5M
Q1 25
$-22.3M
$17.6M
Q4 24
$3.9M
$47.3M
Q3 24
$16.5M
$17.5M
Q2 24
$2.5M
$-8.6M
Q1 24
$-454.0K
$15.7M
FCF Margin
CBAT
CBAT
UNTY
UNTY
Q4 25
27.3%
125.7%
Q3 25
9.9%
138.1%
Q2 25
10.2%
-74.2%
Q1 25
-63.9%
59.9%
Q4 24
15.5%
166.5%
Q3 24
37.1%
63.3%
Q2 24
5.2%
-33.7%
Q1 24
-0.8%
61.4%
Capex Intensity
CBAT
CBAT
UNTY
UNTY
Q4 25
23.4%
1.6%
Q3 25
14.1%
0.7%
Q2 25
23.8%
0.5%
Q1 25
36.3%
1.0%
Q4 24
22.5%
2.4%
Q3 24
7.0%
0.5%
Q2 24
0.9%
0.5%
Q1 24
13.4%
0.3%
Cash Conversion
CBAT
CBAT
UNTY
UNTY
Q4 25
2.90×
Q3 25
5.51×
3.16×
Q2 25
-1.54×
Q1 25
1.54×
Q4 24
4.17×
Q3 24
1115.72×
1.62×
Q2 24
0.46×
-0.89×
Q1 24
0.76×
1.64×

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%

UNTY
UNTY

Segment breakdown not available.

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