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Side-by-side financial comparison of CN ENERGY GROUP. INC. (CNEY) and FUEL TECH, INC. (FTEK). Click either name above to swap in a different company.

FUEL TECH, INC. is the larger business by last-quarter revenue ($7.2M vs $5.0M, roughly 1.5× CN ENERGY GROUP. INC.).

EVE Energy Co., Ltd. is a Chinese battery manufacturing company founded by Liu Jincheng in 2001 that specializes in the manufacturing of lithium-ion batteries for energy storage systems and electric vehicles. Its headquarters are located in Huizhou, Guangdong, and it was first listed on the Shenzhen Stock Exchange's ChiNext subsidiary in 2009. It is considered to be a Tier-1 battery supplier, and is the third largest energy storage battery cell maker in the world as of 2023. According to a st...

Rocket Fuel was an ad technology company based in Redwood City, California. It was founded in 2008 by alumni of Yahoo!.

CNEY vs FTEK — Head-to-Head

Bigger by revenue
FTEK
FTEK
1.5× larger
FTEK
$7.2M
$5.0M
CNEY

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CNEY
CNEY
FTEK
FTEK
Revenue
$5.0M
$7.2M
Net Profit
$-18.0K
Gross Margin
0.1%
44.6%
Operating Margin
-0.4%
-19.7%
Net Margin
-0.4%
Revenue YoY
37.2%
Net Profit YoY
EPS (diluted)
$-0.05

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
CNEY
CNEY
FTEK
FTEK
Q4 25
$7.2M
Q3 25
$7.5M
Q2 25
$5.6M
Q1 25
$5.0M
$6.4M
Q4 24
$5.3M
Q3 24
$7.9M
Q2 24
$7.0M
Q1 24
$22.7M
$5.0M
Net Profit
CNEY
CNEY
FTEK
FTEK
Q4 25
Q3 25
$303.0K
Q2 25
$-689.0K
Q1 25
$-18.0K
$-739.0K
Q4 24
Q3 24
$80.0K
Q2 24
$-421.0K
Q1 24
$-4.2M
$281.0K
Gross Margin
CNEY
CNEY
FTEK
FTEK
Q4 25
44.6%
Q3 25
48.9%
Q2 25
45.5%
Q1 25
0.1%
46.4%
Q4 24
42.3%
Q3 24
43.4%
Q2 24
41.9%
Q1 24
3.5%
40.9%
Operating Margin
CNEY
CNEY
FTEK
FTEK
Q4 25
-19.7%
Q3 25
0.1%
Q2 25
-23.5%
Q1 25
-0.4%
-14.9%
Q4 24
-40.1%
Q3 24
-2.3%
Q2 24
-10.2%
Q1 24
-19.2%
-34.1%
Net Margin
CNEY
CNEY
FTEK
FTEK
Q4 25
Q3 25
4.0%
Q2 25
-12.4%
Q1 25
-0.4%
-11.6%
Q4 24
Q3 24
1.0%
Q2 24
-6.0%
Q1 24
-18.4%
5.7%
EPS (diluted)
CNEY
CNEY
FTEK
FTEK
Q4 25
$-0.05
Q3 25
$0.01
Q2 25
$-0.02
Q1 25
$-0.02
Q4 24
$-0.06
Q3 24
$0.00
Q2 24
$-0.01
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
CNEY
CNEY
FTEK
FTEK
Cash + ST InvestmentsLiquidity on hand
$24.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$102.3M
$39.9M
Total Assets
$104.2M
$47.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNEY
CNEY
FTEK
FTEK
Q4 25
$24.9M
Q3 25
$25.9M
Q2 25
$23.0M
Q1 25
$21.8M
Q4 24
$18.7M
Q3 24
$20.4M
Q2 24
$20.1M
Q1 24
$23.3M
Total Debt
CNEY
CNEY
FTEK
FTEK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$565.5K
Stockholders' Equity
CNEY
CNEY
FTEK
FTEK
Q4 25
$39.9M
Q3 25
$41.0M
Q2 25
$40.7M
Q1 25
$102.3M
$41.4M
Q4 24
$42.0M
Q3 24
$43.9M
Q2 24
$43.6M
Q1 24
$102.8M
$44.0M
Total Assets
CNEY
CNEY
FTEK
FTEK
Q4 25
$47.2M
Q3 25
$47.9M
Q2 25
$47.0M
Q1 25
$104.2M
$46.7M
Q4 24
$48.8M
Q3 24
$50.1M
Q2 24
$49.0M
Q1 24
$118.4M
$49.4M
Debt / Equity
CNEY
CNEY
FTEK
FTEK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.01×

Cash Flow & Capital Efficiency

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

Metric
CNEY
CNEY
FTEK
FTEK
Operating Cash FlowLast quarter
$-1.6M
Free Cash FlowOCF − Capex
$-2.0M
FCF MarginFCF / Revenue
-27.7%
Capex IntensityCapex / Revenue
6.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$2.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNEY
CNEY
FTEK
FTEK
Q4 25
$-1.6M
Q3 25
$3.1M
Q2 25
$-21.0K
Q1 25
$1.5M
Q4 24
$-1.6M
Q3 24
$879.0K
Q2 24
$-1.6M
Q1 24
$-579.2K
$-1.1M
Free Cash Flow
CNEY
CNEY
FTEK
FTEK
Q4 25
$-2.0M
Q3 25
$3.0M
Q2 25
$-57.0K
Q1 25
$1.4M
Q4 24
$-1.7M
Q3 24
$767.0K
Q2 24
$-1.7M
Q1 24
$-579.3K
$-1.2M
FCF Margin
CNEY
CNEY
FTEK
FTEK
Q4 25
-27.7%
Q3 25
39.6%
Q2 25
-1.0%
Q1 25
22.6%
Q4 24
-32.4%
Q3 24
9.8%
Q2 24
-23.8%
Q1 24
-2.6%
-24.0%
Capex Intensity
CNEY
CNEY
FTEK
FTEK
Q4 25
6.1%
Q3 25
1.7%
Q2 25
0.6%
Q1 25
1.0%
Q4 24
1.2%
Q3 24
1.4%
Q2 24
1.3%
Q1 24
0.0%
2.3%
Cash Conversion
CNEY
CNEY
FTEK
FTEK
Q4 25
Q3 25
10.22×
Q2 25
Q1 25
Q4 24
Q3 24
10.99×
Q2 24
Q1 24
-3.83×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CNEY
CNEY

Segment breakdown not available.

FTEK
FTEK

Transferred At Point In Time$5.3M73%
Other$2.0M27%

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