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Side-by-side financial comparison of CN ENERGY GROUP. INC. (CNEY) and Green Plains Inc. (GPRE). Click either name above to swap in a different company.

Green Plains Inc. is the larger business by last-quarter revenue ($42.2M vs $5.0M, roughly 8.5× CN ENERGY GROUP. INC.). Green Plains Inc. runs the higher net margin — 28.3% vs -0.4%, a 28.6% gap on every dollar of revenue.

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...

Green Plains Inc. is an American company based in Omaha, Nebraska that was founded in 2004. The company is the third largest ethanol fuel producer in North America. It was reported in early 2012 that the company ships approximately one billion gallons of ethanol per year. The company employs approximately 640 people, and was founded by Barry Ellsworth. Green Plains Inc. is listed on the NASDAQ Stock Exchange as GPRE.

CNEY vs GPRE — Head-to-Head

Bigger by revenue
GPRE
GPRE
8.5× larger
GPRE
$42.2M
$5.0M
CNEY
Higher net margin
GPRE
GPRE
28.6% more per $
GPRE
28.3%
-0.4%
CNEY

Income Statement — Q2 2025 vs Q4 2025

Metric
CNEY
CNEY
GPRE
GPRE
Revenue
$5.0M
$42.2M
Net Profit
$-18.0K
$11.9M
Gross Margin
0.1%
95.1%
Operating Margin
-0.4%
-24.9%
Net Margin
-0.4%
28.3%
Revenue YoY
2.4%
Net Profit YoY
121.7%
EPS (diluted)
$0.26

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
GPRE
GPRE
Q4 25
$42.2M
Q3 25
$44.7M
Q2 25
$66.2M
Q1 25
$5.0M
$35.8M
Q4 24
$41.2M
Q3 24
$39.1M
Q2 24
$41.1M
Q1 24
$22.7M
$41.6M
Net Profit
CNEY
CNEY
GPRE
GPRE
Q4 25
$11.9M
Q3 25
$11.9M
Q2 25
$-72.2M
Q1 25
$-18.0K
$-72.9M
Q4 24
$-54.9M
Q3 24
$48.2M
Q2 24
$-24.4M
Q1 24
$-4.2M
$-51.4M
Gross Margin
CNEY
CNEY
GPRE
GPRE
Q4 25
95.1%
Q3 25
Q2 25
62.8%
Q1 25
0.1%
8.5%
Q4 24
14.9%
Q3 24
Q2 24
92.0%
Q1 24
3.5%
20.1%
Operating Margin
CNEY
CNEY
GPRE
GPRE
Q4 25
-24.9%
Q3 25
75.7%
Q2 25
-42.9%
Q1 25
-0.4%
-173.7%
Q4 24
-99.2%
Q3 24
Q2 24
-43.1%
Q1 24
-19.2%
-108.0%
Net Margin
CNEY
CNEY
GPRE
GPRE
Q4 25
28.3%
Q3 25
26.7%
Q2 25
-109.1%
Q1 25
-0.4%
-203.4%
Q4 24
-133.2%
Q3 24
123.4%
Q2 24
-59.2%
Q1 24
-18.4%
-123.7%
EPS (diluted)
CNEY
CNEY
GPRE
GPRE
Q4 25
$0.26
Q3 25
$0.17
Q2 25
$-1.09
Q1 25
$-1.14
Q4 24
$-0.79
Q3 24
$0.69
Q2 24
$-0.38
Q1 24
$-0.81

Balance Sheet & Financial Strength

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

Metric
CNEY
CNEY
GPRE
GPRE
Cash + ST InvestmentsLiquidity on hand
$182.3M
Total DebtLower is stronger
$374.5M
Stockholders' EquityBook value
$102.3M
$766.2M
Total Assets
$104.2M
$1.6B
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNEY
CNEY
GPRE
GPRE
Q4 25
$182.3M
Q3 25
$135.9M
Q2 25
$108.6M
Q1 25
$98.6M
Q4 24
$173.0M
Q3 24
$227.5M
Q2 24
$195.6M
Q1 24
$237.3M
Total Debt
CNEY
CNEY
GPRE
GPRE
Q4 25
$374.5M
Q3 25
Q2 25
Q1 25
Q4 24
$437.8M
Q3 24
Q2 24
Q1 24
$565.5K
Stockholders' Equity
CNEY
CNEY
GPRE
GPRE
Q4 25
$766.2M
Q3 25
$768.9M
Q2 25
$735.2M
Q1 25
$102.3M
$797.5M
Q4 24
$865.2M
Q3 24
$925.5M
Q2 24
$867.4M
Q1 24
$102.8M
$887.5M
Total Assets
CNEY
CNEY
GPRE
GPRE
Q4 25
$1.6B
Q3 25
$1.5B
Q2 25
$1.6B
Q1 25
$104.2M
$1.7B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$1.8B
Q1 24
$118.4M
$1.8B
Debt / Equity
CNEY
CNEY
GPRE
GPRE
Q4 25
0.49×
Q3 25
Q2 25
Q1 25
Q4 24
0.51×
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
GPRE
GPRE
Operating Cash FlowLast quarter
$67.3M
Free Cash FlowOCF − Capex
$62.0M
FCF MarginFCF / Revenue
146.9%
Capex IntensityCapex / Revenue
12.6%
Cash ConversionOCF / Net Profit
5.64×
TTM Free Cash FlowTrailing 4 quarters
$73.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNEY
CNEY
GPRE
GPRE
Q4 25
$67.3M
Q3 25
$39.8M
Q2 25
$58.8M
Q1 25
$-55.0M
Q4 24
$-27.0M
Q3 24
$62.7M
Q2 24
$-15.1M
Q1 24
$-579.2K
$-50.6M
Free Cash Flow
CNEY
CNEY
GPRE
GPRE
Q4 25
$62.0M
Q3 25
$35.8M
Q2 25
$47.7M
Q1 25
$-71.8M
Q4 24
$-54.2M
Q3 24
$34.4M
Q2 24
$-32.8M
Q1 24
$-579.3K
$-72.4M
FCF Margin
CNEY
CNEY
GPRE
GPRE
Q4 25
146.9%
Q3 25
79.9%
Q2 25
72.0%
Q1 25
-200.2%
Q4 24
-131.5%
Q3 24
88.0%
Q2 24
-79.8%
Q1 24
-2.6%
-174.2%
Capex Intensity
CNEY
CNEY
GPRE
GPRE
Q4 25
12.6%
Q3 25
9.0%
Q2 25
16.8%
Q1 25
46.6%
Q4 24
66.1%
Q3 24
72.6%
Q2 24
43.0%
Q1 24
0.0%
52.4%
Cash Conversion
CNEY
CNEY
GPRE
GPRE
Q4 25
5.64×
Q3 25
3.33×
Q2 25
Q1 25
Q4 24
Q3 24
1.30×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CNEY
CNEY

Segment breakdown not available.

GPRE
GPRE

Products And Services Other$26.6M63%
Distiller Grains$15.0M36%
Agribusiness And Energy Services$667.0K2%

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