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Side-by-side financial comparison of CBL & ASSOCIATES PROPERTIES INC (CBL) and SunCar Technology Group Inc. (SDA). Click either name above to swap in a different company.

CBL & ASSOCIATES PROPERTIES INC is the larger business by last-quarter revenue ($156.4M vs $119.7M, roughly 1.3× SunCar Technology Group Inc.). CBL & ASSOCIATES PROPERTIES INC runs the higher net margin — 31.3% vs -1.6%, a 32.9% gap on every dollar of revenue.

CBL & Associates Properties, Inc. is an American real estate investment trust that invests in shopping centers and shopping malls, primarily in the Southeastern and Midwestern United States. The company is organized in Delaware with its headquarters in Chattanooga, Tennessee. Its largest market is Chattanooga, Tennessee. The company's name is based on the initials of its founder, Charles B. Lebovitz.

SunCar Technology Group Inc. is a professional automotive digital service provider mainly operating in the Chinese market. It delivers connected car solutions, automotive big data services, and intelligent mobility operation support to automobile manufacturers, fleet operators, and end vehicle users, focusing on improving smart driving experience and automotive digital operation efficiency.

CBL vs SDA — Head-to-Head

Bigger by revenue
CBL
CBL
1.3× larger
CBL
$156.4M
$119.7M
SDA
Higher net margin
CBL
CBL
32.9% more per $
CBL
31.3%
-1.6%
SDA

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
CBL
CBL
SDA
SDA
Revenue
$156.4M
$119.7M
Net Profit
$49.0M
$-1.9M
Gross Margin
Operating Margin
1.5%
Net Margin
31.3%
-1.6%
Revenue YoY
18.8%
Net Profit YoY
29.0%
EPS (diluted)
$1.61

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
CBL
CBL
SDA
SDA
Q4 25
$156.4M
Q3 25
$139.3M
Q2 25
$140.9M
$119.7M
Q1 25
$141.8M
$102.6M
Q4 24
$131.7M
Q3 24
$125.1M
$109.6M
Q2 24
$129.7M
Q1 24
$129.1M
Net Profit
CBL
CBL
SDA
SDA
Q4 25
$49.0M
Q3 25
$75.4M
Q2 25
$2.8M
$-1.9M
Q1 25
$8.8M
$-3.6M
Q4 24
$38.0M
Q3 24
$16.2M
$-2.2M
Q2 24
$4.7M
Q1 24
$50.0K
Operating Margin
CBL
CBL
SDA
SDA
Q4 25
Q3 25
Q2 25
1.5%
Q1 25
-2.9%
Q4 24
Q3 24
0.2%
Q2 24
Q1 24
Net Margin
CBL
CBL
SDA
SDA
Q4 25
31.3%
Q3 25
54.2%
Q2 25
2.0%
-1.6%
Q1 25
6.2%
-3.6%
Q4 24
28.8%
Q3 24
12.9%
-2.0%
Q2 24
3.7%
Q1 24
0.0%
EPS (diluted)
CBL
CBL
SDA
SDA
Q4 25
$1.61
Q3 25
$2.38
Q2 25
$0.08
Q1 25
$0.27
$-0.03
Q4 24
$1.22
Q3 24
$0.52
$-0.01
Q2 24
$0.14
Q1 24
$-0.01

Balance Sheet & Financial Strength

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

Metric
CBL
CBL
SDA
SDA
Cash + ST InvestmentsLiquidity on hand
$42.3M
$45.7M
Total DebtLower is stronger
$2.2B
Stockholders' EquityBook value
$374.9M
$29.4M
Total Assets
$2.7B
$277.5M
Debt / EquityLower = less leverage
5.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBL
CBL
SDA
SDA
Q4 25
$42.3M
Q3 25
$52.6M
Q2 25
$100.3M
$45.7M
Q1 25
$100.3M
$60.5M
Q4 24
$40.8M
Q3 24
$65.1M
$42.0M
Q2 24
$57.7M
Q1 24
$57.7M
Total Debt
CBL
CBL
SDA
SDA
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.1B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$1.8B
Q2 24
$1.9B
Q1 24
$1.9B
Stockholders' Equity
CBL
CBL
SDA
SDA
Q4 25
$374.9M
Q3 25
$351.4M
Q2 25
$289.4M
$29.4M
Q1 25
$295.0M
$34.8M
Q4 24
$323.5M
Q3 24
$308.3M
$17.7M
Q2 24
$308.8M
Q1 24
$324.2M
Total Assets
CBL
CBL
SDA
SDA
Q4 25
$2.7B
Q3 25
$2.7B
Q2 25
$2.6B
$277.5M
Q1 25
$2.6B
$276.7M
Q4 24
$2.7B
Q3 24
$2.2B
$252.1M
Q2 24
$2.3B
Q1 24
$2.3B
Debt / Equity
CBL
CBL
SDA
SDA
Q4 25
5.79×
Q3 25
6.21×
Q2 25
7.39×
Q1 25
7.29×
Q4 24
6.84×
Q3 24
5.76×
Q2 24
6.00×
Q1 24
5.74×

Cash Flow & Capital Efficiency

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

Metric
CBL
CBL
SDA
SDA
Operating Cash FlowLast quarter
$249.7M
$9.0K
Free Cash FlowOCF − Capex
$3.0K
FCF MarginFCF / Revenue
0.0%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
5.10×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBL
CBL
SDA
SDA
Q4 25
$249.7M
Q3 25
$69.6M
Q2 25
$68.3M
$9.0K
Q1 25
$31.7M
$-9.3M
Q4 24
$202.2M
Q3 24
$61.1M
$3.8M
Q2 24
$64.2M
Q1 24
$30.7M
Free Cash Flow
CBL
CBL
SDA
SDA
Q4 25
Q3 25
Q2 25
$3.0K
Q1 25
$-9.3M
Q4 24
Q3 24
$46.0M
$3.5M
Q2 24
$54.8M
Q1 24
$24.7M
FCF Margin
CBL
CBL
SDA
SDA
Q4 25
Q3 25
Q2 25
0.0%
Q1 25
-9.0%
Q4 24
Q3 24
36.8%
3.2%
Q2 24
42.2%
Q1 24
19.1%
Capex Intensity
CBL
CBL
SDA
SDA
Q4 25
Q3 25
Q2 25
0.0%
Q1 25
0.0%
Q4 24
Q3 24
12.1%
0.3%
Q2 24
7.3%
Q1 24
4.7%
Cash Conversion
CBL
CBL
SDA
SDA
Q4 25
5.10×
Q3 25
0.92×
Q2 25
24.74×
Q1 25
3.60×
Q4 24
5.32×
Q3 24
3.77×
Q2 24
13.54×
Q1 24
614.76×

Financial Flow Comparison

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

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