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Side-by-side financial comparison of CN ENERGY GROUP. INC. (CNEY) and Solana Co (HSDT). Click either name above to swap in a different company.

Solana Co is the larger business by last-quarter revenue ($5.2M vs $5.0M, roughly 1.1× CN ENERGY GROUP. INC.). Solana Co runs the higher net margin — 6227.1% vs -0.4%, a 6227.4% 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...

Solana is a Mexican cottage manufacturer of sports, racing, and kids' automobiles based in Mexico City. The family run company has operated since 1936, with a total production of fewer than fifty cars; the majority of them one-offs. The family is heavily involved in motor sports; the most prominent member was Moisés Solana, who raced family-built cars and later in Formula One.

CNEY vs HSDT — Head-to-Head

Bigger by revenue
HSDT
HSDT
1.1× larger
HSDT
$5.2M
$5.0M
CNEY
Higher net margin
HSDT
HSDT
6227.4% more per $
HSDT
6227.1%
-0.4%
CNEY

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CNEY
CNEY
HSDT
HSDT
Revenue
$5.0M
$5.2M
Net Profit
$-18.0K
$325.6M
Gross Margin
0.1%
96.6%
Operating Margin
-0.4%
-3845.8%
Net Margin
-0.4%
6227.1%
Revenue YoY
2725.9%
Net Profit YoY
8388.0%
EPS (diluted)
$111.28

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
HSDT
HSDT
Q4 25
$5.2M
Q3 25
$697.0K
Q2 25
$43.0K
Q1 25
$5.0M
$49.0K
Q4 24
$185.0K
Q3 24
$51.0K
Q2 24
$182.0K
Q1 24
$22.7M
$135.0K
Net Profit
CNEY
CNEY
HSDT
HSDT
Q4 25
$325.6M
Q3 25
$-352.8M
Q2 25
$-9.8M
Q1 25
$-18.0K
$-3.8M
Q4 24
Q3 24
$-3.7M
Q2 24
$-1.6M
Q1 24
$-4.2M
$-2.5M
Gross Margin
CNEY
CNEY
HSDT
HSDT
Q4 25
96.6%
Q3 25
85.2%
Q2 25
Q1 25
0.1%
Q4 24
16.8%
Q3 24
Q2 24
35.2%
Q1 24
3.5%
8.9%
Operating Margin
CNEY
CNEY
HSDT
HSDT
Q4 25
-3845.8%
Q3 25
-5086.1%
Q2 25
-7725.6%
Q1 25
-0.4%
-8185.7%
Q4 24
Q3 24
-7980.4%
Q2 24
-1796.7%
Q1 24
-19.2%
-2530.4%
Net Margin
CNEY
CNEY
HSDT
HSDT
Q4 25
6227.1%
Q3 25
-50612.3%
Q2 25
-22867.4%
Q1 25
-0.4%
-7832.7%
Q4 24
Q3 24
-7227.5%
Q2 24
-885.7%
Q1 24
-18.4%
-1863.7%
EPS (diluted)
CNEY
CNEY
HSDT
HSDT
Q4 25
$111.28
Q3 25
$-32.89
Q2 25
$-79.73
Q1 25
$-0.51
Q4 24
Q3 24
$-744.35
Q2 24
$-485.30
Q1 24
$-3.08

Balance Sheet & Financial Strength

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

Metric
CNEY
CNEY
HSDT
HSDT
Cash + ST InvestmentsLiquidity on hand
$7.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$102.3M
$300.9M
Total Assets
$104.2M
$303.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNEY
CNEY
HSDT
HSDT
Q4 25
$7.3M
Q3 25
$124.1M
Q2 25
$6.1M
Q1 25
$1.1M
Q4 24
$1.1M
Q3 24
$3.5M
Q2 24
$6.4M
Q1 24
$3.6M
Total Debt
CNEY
CNEY
HSDT
HSDT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$565.5K
Stockholders' Equity
CNEY
CNEY
HSDT
HSDT
Q4 25
$300.9M
Q3 25
$-152.4M
Q2 25
$6.0M
Q1 25
$102.3M
$1.3M
Q4 24
$1.1M
Q3 24
$3.8M
Q2 24
$6.3M
Q1 24
$102.8M
$2.0M
Total Assets
CNEY
CNEY
HSDT
HSDT
Q4 25
$303.9M
Q3 25
$475.9M
Q2 25
$7.9M
Q1 25
$104.2M
$3.5M
Q4 24
$3.5M
Q3 24
$5.6M
Q2 24
$8.8M
Q1 24
$118.4M
$5.8M
Debt / Equity
CNEY
CNEY
HSDT
HSDT
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
HSDT
HSDT
Operating Cash FlowLast quarter
$-16.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-0.05×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNEY
CNEY
HSDT
HSDT
Q4 25
$-16.5M
Q3 25
$-4.0M
Q2 25
$-2.8M
Q1 25
$-3.5M
Q4 24
$-11.0M
Q3 24
$-2.8M
Q2 24
$-2.9M
Q1 24
$-579.2K
$-3.0M
Free Cash Flow
CNEY
CNEY
HSDT
HSDT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-11.0M
Q3 24
Q2 24
Q1 24
$-579.3K
$-3.0M
FCF Margin
CNEY
CNEY
HSDT
HSDT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-5970.8%
Q3 24
Q2 24
Q1 24
-2.6%
-2226.7%
Capex Intensity
CNEY
CNEY
HSDT
HSDT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
2.7%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
3.7%
Cash Conversion
CNEY
CNEY
HSDT
HSDT
Q4 25
-0.05×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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