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Side-by-side financial comparison of CMB.TECH NV (CMBT) and Talen Energy Corp (TLN). Click either name above to swap in a different company.

Talen Energy Corp is the larger business by last-quarter revenue ($758.0M vs $592.8M, roughly 1.3× CMB.TECH NV). CMB.TECH NV runs the higher net margin — 32.3% vs -47.9%, a 80.1% gap on every dollar of revenue. On growth, Talen Energy Corp posted the faster year-over-year revenue change (114.7% 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.

PPL Corporation is an energy company headquartered in Allentown, Pennsylvania in the Lehigh Valley region of eastern Pennsylvania. The company is publicly traded on the New York Stock Exchange as NYSE: PPL and is part of the S&P 500. As of 2022, the company had $7.9 billion in revenue, 6,500 employees, over $37 billion in assets, and serves 3.6 million customers.

CMBT vs TLN — Head-to-Head

Bigger by revenue
TLN
TLN
1.3× larger
TLN
$758.0M
$592.8M
CMBT
Growing faster (revenue YoY)
TLN
TLN
+149.3% gap
TLN
114.7%
-34.6%
CMBT
Higher net margin
CMBT
CMBT
80.1% more per $
CMBT
32.3%
-47.9%
TLN

Income Statement — Q4 FY2024 vs Q4 FY2025

Metric
CMBT
CMBT
TLN
TLN
Revenue
$592.8M
$758.0M
Net Profit
$191.2M
$-363.0M
Gross Margin
Operating Margin
46.4%
-41.3%
Net Margin
32.3%
-47.9%
Revenue YoY
-34.6%
114.7%
Net Profit YoY
-63.3%
-542.7%
EPS (diluted)
$1.01
$-7.60

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
TLN
TLN
Q4 25
$758.0M
Q3 25
$697.0M
Q2 25
$409.0M
Q1 25
$654.0M
Q4 24
$592.8M
$353.0M
Q3 24
$459.0M
Q2 24
$346.0M
Q1 24
$416.0M
Net Profit
CMBT
CMBT
TLN
TLN
Q4 25
$-363.0M
Q3 25
$207.0M
Q2 25
$72.0M
Q1 25
$-135.0M
Q4 24
$191.2M
$82.0M
Q3 24
$168.0M
Q2 24
$454.0M
Q1 24
$294.0M
Operating Margin
CMBT
CMBT
TLN
TLN
Q4 25
-41.3%
Q3 25
37.7%
Q2 25
16.1%
Q1 25
-16.2%
Q4 24
46.4%
4.5%
Q3 24
34.4%
Q2 24
7.8%
Q1 24
6.0%
Net Margin
CMBT
CMBT
TLN
TLN
Q4 25
-47.9%
Q3 25
29.7%
Q2 25
17.6%
Q1 25
-20.6%
Q4 24
32.3%
23.2%
Q3 24
36.6%
Q2 24
131.2%
Q1 24
70.7%
EPS (diluted)
CMBT
CMBT
TLN
TLN
Q4 25
$-7.60
Q3 25
$4.25
Q2 25
$1.50
Q1 25
$-2.94
Q4 24
$1.01
$2.07
Q3 24
$3.16
Q2 24
$7.60
Q1 24
$4.84

Balance Sheet & Financial Strength

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

Metric
CMBT
CMBT
TLN
TLN
Cash + ST InvestmentsLiquidity on hand
$38.9M
$689.0M
Total DebtLower is stronger
$2.6B
$6.8B
Stockholders' EquityBook value
$1.2B
$1.1B
Total Assets
$3.9B
$10.9B
Debt / EquityLower = less leverage
2.20×
6.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMBT
CMBT
TLN
TLN
Q4 25
$689.0M
Q3 25
$497.0M
Q2 25
$122.0M
Q1 25
$295.0M
Q4 24
$38.9M
$328.0M
Q3 24
$648.0M
Q2 24
$632.0M
Q1 24
Total Debt
CMBT
CMBT
TLN
TLN
Q4 25
$6.8B
Q3 25
$3.0B
Q2 25
$3.0B
Q1 25
$3.0B
Q4 24
$2.6B
$3.0B
Q3 24
$2.6B
Q2 24
$2.6B
Q1 24
Stockholders' Equity
CMBT
CMBT
TLN
TLN
Q4 25
$1.1B
Q3 25
$1.5B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
$1.4B
Q3 24
$2.4B
Q2 24
$2.5B
Q1 24
$2.8B
Total Assets
CMBT
CMBT
TLN
TLN
Q4 25
$10.9B
Q3 25
$6.1B
Q2 25
$5.8B
Q1 25
$5.9B
Q4 24
$3.9B
$6.1B
Q3 24
$6.8B
Q2 24
$7.1B
Q1 24
Debt / Equity
CMBT
CMBT
TLN
TLN
Q4 25
6.23×
Q3 25
2.03×
Q2 25
2.40×
Q1 25
2.54×
Q4 24
2.20×
2.17×
Q3 24
1.10×
Q2 24
1.05×
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
TLN
TLN
Operating Cash FlowLast quarter
$204.4M
$280.0M
Free Cash FlowOCF − Capex
$254.0M
FCF MarginFCF / Revenue
33.5%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
1.07×
TTM Free Cash FlowTrailing 4 quarters
$606.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMBT
CMBT
TLN
TLN
Q4 25
$280.0M
Q3 25
$489.0M
Q2 25
$-184.0M
Q1 25
$119.0M
Q4 24
$204.4M
Q3 24
$96.0M
Q2 24
$-23.0M
Q1 24
$173.0M
Free Cash Flow
CMBT
CMBT
TLN
TLN
Q4 25
$254.0M
Q3 25
$468.0M
Q2 25
$-217.0M
Q1 25
$101.0M
Q4 24
Q3 24
$83.0M
Q2 24
$-43.0M
Q1 24
$148.0M
FCF Margin
CMBT
CMBT
TLN
TLN
Q4 25
33.5%
Q3 25
67.1%
Q2 25
-53.1%
Q1 25
15.4%
Q4 24
Q3 24
18.1%
Q2 24
-12.4%
Q1 24
35.6%
Capex Intensity
CMBT
CMBT
TLN
TLN
Q4 25
3.4%
Q3 25
3.0%
Q2 25
8.1%
Q1 25
2.8%
Q4 24
Q3 24
2.8%
Q2 24
5.8%
Q1 24
6.0%
Cash Conversion
CMBT
CMBT
TLN
TLN
Q4 25
Q3 25
2.36×
Q2 25
-2.56×
Q1 25
Q4 24
1.07×
Q3 24
0.57×
Q2 24
-0.05×
Q1 24
0.59×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CMBT
CMBT

Segment breakdown not available.

TLN
TLN

Electricity Sales And Ancillary Services$555.0M73%
Operating Revenue Capacity$182.0M24%
Physical Electricity Sales Bilateral Contracts Other$21.0M3%

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