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Side-by-side financial comparison of CB Financial Services, Inc. (CBFV) and NaaS Technology Inc. (NAAS). Click either name above to swap in a different company.

NaaS Technology Inc. is the larger business by last-quarter revenue ($25.9M vs $13.8M, roughly 1.9× CB Financial Services, Inc.). On growth, NaaS Technology Inc. posted the faster year-over-year revenue change (121.2% vs 19.9%).

CB Bank is one of Myanmar's largest commercial banks. It became the first bank in Myanmar to issue ATM cards and credit cards. The bank, led by U Khin Maung Aye (Chairman) and U Kyaw Thu Ko (CEO) has over 245 branches across the country.

NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.

CBFV vs NAAS — Head-to-Head

Bigger by revenue
NAAS
NAAS
1.9× larger
NAAS
$25.9M
$13.8M
CBFV
Growing faster (revenue YoY)
NAAS
NAAS
+101.3% gap
NAAS
121.2%
19.9%
CBFV

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
CBFV
CBFV
NAAS
NAAS
Revenue
$13.8M
$25.9M
Net Profit
$-50.0M
Gross Margin
29.2%
Operating Margin
38.1%
-144.2%
Net Margin
-193.3%
Revenue YoY
19.9%
121.2%
Net Profit YoY
18.4%
EPS (diluted)
$0.90
$-0.02

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
CBFV
CBFV
NAAS
NAAS
Q4 25
$13.8M
Q3 25
$2.4M
Q2 25
$13.5M
Q1 25
$12.1M
Q4 24
$13.2M
Q3 24
$12.7M
Q2 24
$12.2M
$25.9M
Q1 24
$13.5M
Net Profit
CBFV
CBFV
NAAS
NAAS
Q4 25
Q3 25
$-5.7M
Q2 25
$3.9M
Q1 25
$1.9M
Q4 24
Q3 24
$3.2M
Q2 24
$2.6M
$-50.0M
Q1 24
$4.2M
Gross Margin
CBFV
CBFV
NAAS
NAAS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
29.2%
Q1 24
Operating Margin
CBFV
CBFV
NAAS
NAAS
Q4 25
38.1%
Q3 25
-289.8%
Q2 25
35.0%
Q1 25
19.3%
Q4 24
23.1%
Q3 24
31.2%
Q2 24
26.4%
-144.2%
Q1 24
37.9%
Net Margin
CBFV
CBFV
NAAS
NAAS
Q4 25
Q3 25
-235.2%
Q2 25
29.3%
Q1 25
15.8%
Q4 24
Q3 24
25.3%
Q2 24
21.8%
-193.3%
Q1 24
31.1%
EPS (diluted)
CBFV
CBFV
NAAS
NAAS
Q4 25
$0.90
Q3 25
$-1.07
Q2 25
$0.74
Q1 25
$0.35
Q4 24
$0.45
Q3 24
$0.60
Q2 24
$0.51
$-0.02
Q1 24
$0.82

Balance Sheet & Financial Strength

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

Metric
CBFV
CBFV
NAAS
NAAS
Cash + ST InvestmentsLiquidity on hand
$31.7M
$24.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$157.5M
$-33.4M
Total Assets
$1.5B
$180.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBFV
CBFV
NAAS
NAAS
Q4 25
$31.7M
Q3 25
$55.9M
Q2 25
$64.5M
Q1 25
$61.3M
Q4 24
$49.6M
Q3 24
$147.3M
Q2 24
$142.6M
$24.7M
Q1 24
$73.7M
Stockholders' Equity
CBFV
CBFV
NAAS
NAAS
Q4 25
$157.5M
Q3 25
$152.5M
Q2 25
$148.4M
Q1 25
$148.3M
Q4 24
$147.4M
Q3 24
$149.1M
Q2 24
$142.9M
$-33.4M
Q1 24
$141.6M
Total Assets
CBFV
CBFV
NAAS
NAAS
Q4 25
$1.5B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$1.6B
Q2 24
$1.6B
$180.2M
Q1 24
$1.5B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CBFV
CBFV
NAAS
NAAS
Operating Cash FlowLast quarter
$17.8M
$-25.7M
Free Cash FlowOCF − Capex
$17.2M
FCF MarginFCF / Revenue
124.1%
Capex IntensityCapex / Revenue
4.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$29.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBFV
CBFV
NAAS
NAAS
Q4 25
$17.8M
Q3 25
$4.6M
Q2 25
$4.1M
Q1 25
$4.0M
Q4 24
$6.8M
Q3 24
$3.1M
Q2 24
$-1.2M
$-25.7M
Q1 24
$3.3M
Free Cash Flow
CBFV
CBFV
NAAS
NAAS
Q4 25
$17.2M
Q3 25
$4.5M
Q2 25
$3.9M
Q1 25
$3.9M
Q4 24
$3.4M
Q3 24
$2.2M
Q2 24
$-2.4M
Q1 24
$2.3M
FCF Margin
CBFV
CBFV
NAAS
NAAS
Q4 25
124.1%
Q3 25
186.5%
Q2 25
28.8%
Q1 25
32.5%
Q4 24
26.0%
Q3 24
17.4%
Q2 24
-19.6%
Q1 24
17.0%
Capex Intensity
CBFV
CBFV
NAAS
NAAS
Q4 25
4.7%
Q3 25
4.3%
Q2 25
1.9%
Q1 25
0.8%
Q4 24
25.1%
Q3 24
6.7%
Q2 24
10.0%
Q1 24
7.2%
Cash Conversion
CBFV
CBFV
NAAS
NAAS
Q4 25
Q3 25
Q2 25
1.05×
Q1 25
2.11×
Q4 24
Q3 24
0.95×
Q2 24
-0.44×
Q1 24
0.78×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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