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Side-by-side financial comparison of CMB.TECH NV (CMBT) and SOLAREDGE TECHNOLOGIES, INC. (SEDG). Click either name above to swap in a different company.

CMB.TECH NV is the larger business by last-quarter revenue ($592.8M vs $335.4M, roughly 1.8× SOLAREDGE TECHNOLOGIES, INC.). CMB.TECH NV runs the higher net margin — 32.3% vs -39.4%, a 71.7% gap on every dollar of revenue. On growth, SOLAREDGE TECHNOLOGIES, INC. posted the faster year-over-year revenue change (70.9% vs -34.6%).

CMB.TECH, before October 2024 known as Euronav, is a crude oil tanker transport company, which consists of VLCCs, Suezmaxes and FSOs.

SolarEdge Technologies, Inc. is an Israeli company that developed a DC optimized inverter system.

CMBT vs SEDG — Head-to-Head

Bigger by revenue
CMBT
CMBT
1.8× larger
CMBT
$592.8M
$335.4M
SEDG
Growing faster (revenue YoY)
SEDG
SEDG
+105.5% gap
SEDG
70.9%
-34.6%
CMBT
Higher net margin
CMBT
CMBT
71.7% more per $
CMBT
32.3%
-39.4%
SEDG

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
CMBT
CMBT
SEDG
SEDG
Revenue
$592.8M
$335.4M
Net Profit
$191.2M
$-132.1M
Gross Margin
22.2%
Operating Margin
46.4%
-14.4%
Net Margin
32.3%
-39.4%
Revenue YoY
-34.6%
70.9%
Net Profit YoY
-63.3%
54.0%
EPS (diluted)
$1.01
$-2.21

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
CMBT
CMBT
SEDG
SEDG
Q4 25
$335.4M
Q3 25
$340.2M
Q2 25
$289.4M
Q1 25
$219.5M
Q4 24
$592.8M
$196.2M
Q3 24
$235.4M
Q2 24
$265.4M
Q1 24
$204.4M
Net Profit
CMBT
CMBT
SEDG
SEDG
Q4 25
$-132.1M
Q3 25
$-50.1M
Q2 25
$-124.7M
Q1 25
$-98.5M
Q4 24
$191.2M
$-287.4M
Q3 24
$-1.2B
Q2 24
$-130.8M
Q1 24
$-157.3M
Gross Margin
CMBT
CMBT
SEDG
SEDG
Q4 25
22.2%
Q3 25
21.2%
Q2 25
11.1%
Q1 25
8.0%
Q4 24
-57.2%
Q3 24
-309.1%
Q2 24
-4.1%
Q1 24
-12.8%
Operating Margin
CMBT
CMBT
SEDG
SEDG
Q4 25
-14.4%
Q3 25
-10.3%
Q2 25
-39.9%
Q1 25
-46.8%
Q4 24
46.4%
-134.4%
Q3 24
-471.8%
Q2 24
-60.4%
Q1 24
-85.0%
Net Margin
CMBT
CMBT
SEDG
SEDG
Q4 25
-39.4%
Q3 25
-14.7%
Q2 25
-43.1%
Q1 25
-44.9%
Q4 24
32.3%
-146.5%
Q3 24
-522.8%
Q2 24
-49.3%
Q1 24
-77.0%
EPS (diluted)
CMBT
CMBT
SEDG
SEDG
Q4 25
$-2.21
Q3 25
$-0.84
Q2 25
$-2.13
Q1 25
$-1.70
Q4 24
$1.01
$-5.00
Q3 24
$-21.58
Q2 24
$-2.31
Q1 24
$-2.75

Balance Sheet & Financial Strength

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

Metric
CMBT
CMBT
SEDG
SEDG
Cash + ST InvestmentsLiquidity on hand
$38.9M
$493.2M
Total DebtLower is stronger
$2.6B
Stockholders' EquityBook value
$1.2B
$427.5M
Total Assets
$3.9B
$2.2B
Debt / EquityLower = less leverage
2.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBT
CMBT
SEDG
SEDG
Q4 25
$493.2M
Q3 25
$498.6M
Q2 25
$758.0M
Q1 25
$651.6M
Q4 24
$38.9M
$585.9M
Q3 24
$678.8M
Q2 24
$689.8M
Q1 24
$680.6M
Total Debt
CMBT
CMBT
SEDG
SEDG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$2.6B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CMBT
CMBT
SEDG
SEDG
Q4 25
$427.5M
Q3 25
$479.8M
Q2 25
$513.2M
Q1 25
$594.2M
Q4 24
$1.2B
$658.3M
Q3 24
$930.9M
Q2 24
$2.1B
Q1 24
$2.2B
Total Assets
CMBT
CMBT
SEDG
SEDG
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$2.5B
Q1 25
$2.5B
Q4 24
$3.9B
$2.6B
Q3 24
$2.8B
Q2 24
$3.9B
Q1 24
$4.2B
Debt / Equity
CMBT
CMBT
SEDG
SEDG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
2.20×
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
CMBT
CMBT
SEDG
SEDG
Operating Cash FlowLast quarter
$204.4M
$52.6M
Free Cash FlowOCF − Capex
$43.3M
FCF MarginFCF / Revenue
12.9%
Capex IntensityCapex / Revenue
2.8%
Cash ConversionOCF / Net Profit
1.07×
TTM Free Cash FlowTrailing 4 quarters
$80.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBT
CMBT
SEDG
SEDG
Q4 25
$52.6M
Q3 25
$25.6M
Q2 25
$-7.8M
Q1 25
$33.8M
Q4 24
$204.4M
$37.8M
Q3 24
$-89.3M
Q2 24
$-44.8M
Q1 24
$-217.0M
Free Cash Flow
CMBT
CMBT
SEDG
SEDG
Q4 25
$43.3M
Q3 25
$22.8M
Q2 25
$-9.1M
Q1 25
$23.7M
Q4 24
$25.5M
Q3 24
$-136.7M
Q2 24
$-67.0M
Q1 24
$-243.4M
FCF Margin
CMBT
CMBT
SEDG
SEDG
Q4 25
12.9%
Q3 25
6.7%
Q2 25
-3.1%
Q1 25
10.8%
Q4 24
13.0%
Q3 24
-58.1%
Q2 24
-25.2%
Q1 24
-119.1%
Capex Intensity
CMBT
CMBT
SEDG
SEDG
Q4 25
2.8%
Q3 25
0.8%
Q2 25
0.4%
Q1 25
4.6%
Q4 24
6.2%
Q3 24
20.1%
Q2 24
8.4%
Q1 24
12.9%
Cash Conversion
CMBT
CMBT
SEDG
SEDG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.07×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMBT
CMBT

Segment breakdown not available.

SEDG
SEDG

Other$197.7M59%
Europe Except Netherlands$99.4M30%
Others$38.2M11%

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