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Side-by-side financial comparison of CMB.TECH NV (CMBT) and SunCoke Energy, Inc. (SXC). Click either name above to swap in a different company.

CMB.TECH NV is the larger business by last-quarter revenue ($592.8M vs $480.2M, roughly 1.2× SunCoke Energy, Inc.). CMB.TECH NV runs the higher net margin — 32.3% vs -17.8%, a 50.1% gap on every dollar of revenue. On growth, SunCoke Energy, Inc. posted the faster year-over-year revenue change (-1.2% 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.

Energy Brands, also doing business as Glacéau, is a privately owned subsidiary of the Coca-Cola Company based in Whitestone, Queens, New York, that manufactures and distributes various lines of drinks marketed as enhanced water. Founded in May 1996 by J. Darius Bikoff with an electrolyte enhanced line of water called Smartwater, Energy Brands initially distributed its products to health food stores and independent retailers in the New York area. Adding Fruitwater and Vitaminwater to its line ...

CMBT vs SXC — Head-to-Head

Bigger by revenue
CMBT
CMBT
1.2× larger
CMBT
$592.8M
$480.2M
SXC
Growing faster (revenue YoY)
SXC
SXC
+33.4% gap
SXC
-1.2%
-34.6%
CMBT
Higher net margin
CMBT
CMBT
50.1% more per $
CMBT
32.3%
-17.8%
SXC

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
CMBT
CMBT
SXC
SXC
Revenue
$592.8M
$480.2M
Net Profit
$191.2M
$-85.6M
Gross Margin
Operating Margin
46.4%
-20.4%
Net Margin
32.3%
-17.8%
Revenue YoY
-34.6%
-1.2%
Net Profit YoY
-63.3%
-461.2%
EPS (diluted)
$1.01
$-1.00

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
SXC
SXC
Q4 25
$480.2M
Q3 25
$487.0M
Q2 25
$434.1M
Q1 25
$436.0M
Q4 24
$592.8M
$486.0M
Q3 24
$490.1M
Q2 24
$470.9M
Q1 24
$488.4M
Net Profit
CMBT
CMBT
SXC
SXC
Q4 25
$-85.6M
Q3 25
$22.2M
Q2 25
$1.9M
Q1 25
$17.3M
Q4 24
$191.2M
$23.7M
Q3 24
$30.7M
Q2 24
$21.5M
Q1 24
$20.0M
Operating Margin
CMBT
CMBT
SXC
SXC
Q4 25
-20.4%
Q3 25
2.8%
Q2 25
2.3%
Q1 25
6.9%
Q4 24
46.4%
7.3%
Q3 24
9.6%
Q2 24
7.4%
Q1 24
7.1%
Net Margin
CMBT
CMBT
SXC
SXC
Q4 25
-17.8%
Q3 25
4.6%
Q2 25
0.4%
Q1 25
4.0%
Q4 24
32.3%
4.9%
Q3 24
6.3%
Q2 24
4.6%
Q1 24
4.1%
EPS (diluted)
CMBT
CMBT
SXC
SXC
Q4 25
$-1.00
Q3 25
$0.26
Q2 25
$0.02
Q1 25
$0.20
Q4 24
$1.01
$0.28
Q3 24
$0.36
Q2 24
$0.25
Q1 24
$0.23

Balance Sheet & Financial Strength

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

Metric
CMBT
CMBT
SXC
SXC
Cash + ST InvestmentsLiquidity on hand
$38.9M
$88.7M
Total DebtLower is stronger
$2.6B
$685.5M
Stockholders' EquityBook value
$1.2B
$597.3M
Total Assets
$3.9B
$1.8B
Debt / EquityLower = less leverage
2.20×
1.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBT
CMBT
SXC
SXC
Q4 25
$88.7M
Q3 25
$80.4M
Q2 25
$186.2M
Q1 25
$193.7M
Q4 24
$38.9M
$189.6M
Q3 24
$164.7M
Q2 24
$81.9M
Q1 24
$120.1M
Total Debt
CMBT
CMBT
SXC
SXC
Q4 25
$685.5M
Q3 25
$691.1M
Q2 25
$493.4M
Q1 25
$492.9M
Q4 24
$2.6B
$492.3M
Q3 24
$491.8M
Q2 24
$491.3M
Q1 24
$490.8M
Stockholders' Equity
CMBT
CMBT
SXC
SXC
Q4 25
$597.3M
Q3 25
$695.9M
Q2 25
$677.7M
Q1 25
$684.6M
Q4 24
$1.2B
$680.2M
Q3 24
$658.6M
Q2 24
$636.9M
Q1 24
$623.0M
Total Assets
CMBT
CMBT
SXC
SXC
Q4 25
$1.8B
Q3 25
$1.9B
Q2 25
$1.6B
Q1 25
$1.7B
Q4 24
$3.9B
$1.7B
Q3 24
$1.7B
Q2 24
$1.7B
Q1 24
$1.7B
Debt / Equity
CMBT
CMBT
SXC
SXC
Q4 25
1.15×
Q3 25
0.99×
Q2 25
0.73×
Q1 25
0.72×
Q4 24
2.20×
0.72×
Q3 24
0.75×
Q2 24
0.77×
Q1 24
0.79×

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
SXC
SXC
Operating Cash FlowLast quarter
$204.4M
$56.6M
Free Cash FlowOCF − Capex
$32.8M
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
5.0%
Cash ConversionOCF / Net Profit
1.07×
TTM Free Cash FlowTrailing 4 quarters
$42.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBT
CMBT
SXC
SXC
Q4 25
$56.6M
Q3 25
$9.2M
Q2 25
$17.5M
Q1 25
$25.8M
Q4 24
$204.4M
$60.9M
Q3 24
$107.2M
Q2 24
$-9.3M
Q1 24
$10.0M
Free Cash Flow
CMBT
CMBT
SXC
SXC
Q4 25
$32.8M
Q3 25
$-16.3M
Q2 25
$4.9M
Q1 25
$20.9M
Q4 24
$36.1M
Q3 24
$92.1M
Q2 24
$-26.8M
Q1 24
$-5.5M
FCF Margin
CMBT
CMBT
SXC
SXC
Q4 25
6.8%
Q3 25
-3.3%
Q2 25
1.1%
Q1 25
4.8%
Q4 24
7.4%
Q3 24
18.8%
Q2 24
-5.7%
Q1 24
-1.1%
Capex Intensity
CMBT
CMBT
SXC
SXC
Q4 25
5.0%
Q3 25
5.2%
Q2 25
2.9%
Q1 25
1.1%
Q4 24
5.1%
Q3 24
3.1%
Q2 24
3.7%
Q1 24
3.2%
Cash Conversion
CMBT
CMBT
SXC
SXC
Q4 25
Q3 25
0.41×
Q2 25
9.21×
Q1 25
1.49×
Q4 24
1.07×
2.57×
Q3 24
3.49×
Q2 24
-0.43×
Q1 24
0.50×

Financial Flow Comparison

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

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