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Side-by-side financial comparison of CBAK Energy Technology, Inc. (CBAT) and Vitesse Energy, Inc. (VTS). 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 $58.6M, roughly 1.0× Vitesse Energy, Inc.). Vitesse Energy, Inc. runs the higher net margin — -1.3% vs -12.5%, a 11.3% gap on every dollar of revenue. On growth, CBAK Energy Technology, Inc. posted the faster year-over-year revenue change (131.8% vs 4.8%). Over the past eight quarters, CBAK Energy Technology, Inc.'s revenue compounded faster (-0.0% CAGR vs -2.1%).

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.

Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.

CBAT vs VTS — Head-to-Head

Bigger by revenue
CBAT
CBAT
1.0× larger
CBAT
$58.8M
$58.6M
VTS
Growing faster (revenue YoY)
CBAT
CBAT
+127.0% gap
CBAT
131.8%
4.8%
VTS
Higher net margin
VTS
VTS
11.3% more per $
VTS
-1.3%
-12.5%
CBAT
Faster 2-yr revenue CAGR
CBAT
CBAT
Annualised
CBAT
-0.0%
-2.1%
VTS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CBAT
CBAT
VTS
VTS
Revenue
$58.8M
$58.6M
Net Profit
$-7.4M
$-739.0K
Gross Margin
7.3%
Operating Margin
-13.6%
-12.0%
Net Margin
-12.5%
-1.3%
Revenue YoY
131.8%
4.8%
Net Profit YoY
-63.6%
85.6%
EPS (diluted)
$-0.08
$-0.01

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
VTS
VTS
Q4 25
$58.8M
$58.6M
Q3 25
$60.9M
$67.4M
Q2 25
$40.5M
$81.8M
Q1 25
$34.9M
$66.2M
Q4 24
$25.4M
$55.9M
Q3 24
$44.6M
$58.3M
Q2 24
$47.8M
$66.6M
Q1 24
$58.8M
$61.2M
Net Profit
CBAT
CBAT
VTS
VTS
Q4 25
$-7.4M
$-739.0K
Q3 25
$2.7M
$-1.3M
Q2 25
$-3.1M
$24.7M
Q1 25
$-1.6M
$2.7M
Q4 24
$-4.5M
$-5.1M
Q3 24
$17.6K
$17.4M
Q2 24
$6.4M
$10.9M
Q1 24
$9.8M
$-2.2M
Gross Margin
CBAT
CBAT
VTS
VTS
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
VTS
VTS
Q4 25
-13.6%
-12.0%
Q3 25
-6.6%
0.2%
Q2 25
-8.7%
22.8%
Q1 25
-8.2%
8.1%
Q4 24
-26.0%
3.7%
Q3 24
-1.9%
15.4%
Q2 24
12.4%
25.2%
Q1 24
17.4%
21.4%
Net Margin
CBAT
CBAT
VTS
VTS
Q4 25
-12.5%
-1.3%
Q3 25
4.4%
-1.9%
Q2 25
-7.6%
30.2%
Q1 25
-4.5%
4.0%
Q4 24
-17.8%
-9.2%
Q3 24
0.0%
29.9%
Q2 24
13.5%
16.4%
Q1 24
16.7%
-3.6%
EPS (diluted)
CBAT
CBAT
VTS
VTS
Q4 25
$-0.08
$-0.01
Q3 25
$0.03
$-0.03
Q2 25
$-0.03
$0.60
Q1 25
$-0.02
$0.08
Q4 24
$-0.05
$-0.15
Q3 24
$0.00
$0.53
Q2 24
$0.07
$0.33
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
CBAT
CBAT
VTS
VTS
Cash + ST InvestmentsLiquidity on hand
$8.3M
Total DebtLower is stronger
$4.1M
Stockholders' EquityBook value
$112.7M
$629.3M
Total Assets
$426.2M
$893.4M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBAT
CBAT
VTS
VTS
Q4 25
$8.3M
Q3 25
$10.5M
Q2 25
$45.7M
Q1 25
$9.6M
$4.5M
Q4 24
$11.0M
$3.0M
Q3 24
$24.2M
Q2 24
$44.1M
Q1 24
$23.8M
Total Debt
CBAT
CBAT
VTS
VTS
Q4 25
$4.1M
Q3 25
$4.8M
Q2 25
$4.9M
Q1 25
$4.1M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CBAT
CBAT
VTS
VTS
Q4 25
$112.7M
$629.3M
Q3 25
$121.4M
$650.3M
Q2 25
$118.2M
$671.9M
Q1 25
$120.8M
$667.7M
Q4 24
$121.7M
$500.3M
Q3 24
$131.2M
$520.4M
Q2 24
$126.6M
$518.5M
Q1 24
$120.9M
$522.7M
Total Assets
CBAT
CBAT
VTS
VTS
Q4 25
$426.2M
$893.4M
Q3 25
$363.9M
$932.9M
Q2 25
$333.1M
$951.5M
Q1 25
$311.5M
$975.2M
Q4 24
$302.2M
$810.9M
Q3 24
$293.5M
$791.2M
Q2 24
$279.6M
$778.4M
Q1 24
$286.5M
$749.7M
Debt / Equity
CBAT
CBAT
VTS
VTS
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
CBAT
CBAT
VTS
VTS
Operating Cash FlowLast quarter
$29.8M
$37.4M
Free Cash FlowOCF − Capex
$16.1M
FCF MarginFCF / Revenue
27.3%
Capex IntensityCapex / Revenue
23.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$3.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBAT
CBAT
VTS
VTS
Q4 25
$29.8M
$37.4M
Q3 25
$14.6M
$49.4M
Q2 25
$13.8M
$66.0M
Q1 25
$-9.6M
$17.5M
Q4 24
$9.6M
$34.7M
Q3 24
$19.7M
$45.7M
Q2 24
$2.9M
$35.2M
Q1 24
$7.4M
$39.4M
Free Cash Flow
CBAT
CBAT
VTS
VTS
Q4 25
$16.1M
Q3 25
$6.0M
Q2 25
$4.1M
Q1 25
$-22.3M
Q4 24
$3.9M
Q3 24
$16.5M
Q2 24
$2.5M
Q1 24
$-454.0K
FCF Margin
CBAT
CBAT
VTS
VTS
Q4 25
27.3%
Q3 25
9.9%
Q2 25
10.2%
Q1 25
-63.9%
Q4 24
15.5%
Q3 24
37.1%
Q2 24
5.2%
Q1 24
-0.8%
Capex Intensity
CBAT
CBAT
VTS
VTS
Q4 25
23.4%
Q3 25
14.1%
Q2 25
23.8%
Q1 25
36.3%
Q4 24
22.5%
Q3 24
7.0%
Q2 24
0.9%
Q1 24
13.4%
Cash Conversion
CBAT
CBAT
VTS
VTS
Q4 25
Q3 25
5.51×
Q2 25
2.68×
Q1 25
6.56×
Q4 24
Q3 24
1115.72×
2.62×
Q2 24
0.46×
3.22×
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%

VTS
VTS

Oil Reserves$54.5M93%
Natural Gas Reserves$4.2M7%

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