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

Identiv, Inc. is the larger business by last-quarter revenue ($6.2M vs $5.0M, roughly 1.2× CN ENERGY GROUP. INC.). CN ENERGY GROUP. INC. runs the higher net margin — -0.4% vs -60.3%, a 60.0% 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...

Identiv is a publicly traded Internet of Things technology company listed on the Nasdaq stock market.

CNEY vs INVE — Head-to-Head

Bigger by revenue
INVE
INVE
1.2× larger
INVE
$6.2M
$5.0M
CNEY
Higher net margin
CNEY
CNEY
60.0% more per $
CNEY
-0.4%
-60.3%
INVE

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CNEY
CNEY
INVE
INVE
Revenue
$5.0M
$6.2M
Net Profit
$-18.0K
$-3.7M
Gross Margin
0.1%
18.1%
Operating Margin
-0.4%
-76.4%
Net Margin
-0.4%
-60.3%
Revenue YoY
-7.9%
Net Profit YoY
-948.2%
EPS (diluted)
$-0.17

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
INVE
INVE
Q4 25
$6.2M
Q3 25
$5.0M
Q2 25
$5.0M
Q1 25
$5.0M
$5.3M
Q4 24
$6.7M
Q3 24
$6.5M
Q2 24
$6.7M
Q1 24
$22.7M
$6.7M
Net Profit
CNEY
CNEY
INVE
INVE
Q4 25
$-3.7M
Q3 25
$-3.5M
Q2 25
$-6.0M
Q1 25
$-18.0K
$-4.8M
Q4 24
$-355.0K
Q3 24
$85.9M
Q2 24
$-6.2M
Q1 24
$-4.2M
$-4.6M
Gross Margin
CNEY
CNEY
INVE
INVE
Q4 25
18.1%
Q3 25
10.7%
Q2 25
-9.4%
Q1 25
0.1%
2.5%
Q4 24
-14.9%
Q3 24
3.6%
Q2 24
9.1%
Q1 24
3.5%
7.3%
Operating Margin
CNEY
CNEY
INVE
INVE
Q4 25
-76.4%
Q3 25
-111.4%
Q2 25
-126.7%
Q1 25
-0.4%
-103.8%
Q4 24
-98.9%
Q3 24
-146.2%
Q2 24
-99.7%
Q1 24
-19.2%
-76.0%
Net Margin
CNEY
CNEY
INVE
INVE
Q4 25
-60.3%
Q3 25
-68.9%
Q2 25
-119.9%
Q1 25
-0.4%
-90.9%
Q4 24
-5.3%
Q3 24
1315.8%
Q2 24
-92.2%
Q1 24
-18.4%
-68.5%
EPS (diluted)
CNEY
CNEY
INVE
INVE
Q4 25
$-0.17
Q3 25
$-0.15
Q2 25
$-0.26
Q1 25
$-0.21
Q4 24
$0.00
Q3 24
$3.62
Q2 24
$-0.27
Q1 24
$-0.21

Balance Sheet & Financial Strength

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

Metric
CNEY
CNEY
INVE
INVE
Cash + ST InvestmentsLiquidity on hand
$128.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$102.3M
$140.7M
Total Assets
$104.2M
$151.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNEY
CNEY
INVE
INVE
Q4 25
$128.6M
Q3 25
$126.3M
Q2 25
$129.3M
Q1 25
$132.4M
Q4 24
$135.6M
Q3 24
$145.4M
Q2 24
$18.4M
Q1 24
$21.6M
Total Debt
CNEY
CNEY
INVE
INVE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$565.5K
Stockholders' Equity
CNEY
CNEY
INVE
INVE
Q4 25
$140.7M
Q3 25
$143.7M
Q2 25
$146.4M
Q1 25
$102.3M
$150.5M
Q4 24
$154.1M
Q3 24
$156.7M
Q2 24
$65.1M
Q1 24
$102.8M
$70.2M
Total Assets
CNEY
CNEY
INVE
INVE
Q4 25
$151.3M
Q3 25
$151.0M
Q2 25
$153.9M
Q1 25
$104.2M
$158.7M
Q4 24
$163.2M
Q3 24
$177.0M
Q2 24
$97.8M
Q1 24
$118.4M
$101.8M
Debt / Equity
CNEY
CNEY
INVE
INVE
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
INVE
INVE
Operating Cash FlowLast quarter
$3.0M
Free Cash FlowOCF − Capex
$2.8M
FCF MarginFCF / Revenue
45.8%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-7.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNEY
CNEY
INVE
INVE
Q4 25
$3.0M
Q3 25
$-2.9M
Q2 25
$-3.6M
Q1 25
$-3.3M
Q4 24
$-5.9M
Q3 24
$-7.2M
Q2 24
$-993.0K
Q1 24
$-579.2K
$-1.3M
Free Cash Flow
CNEY
CNEY
INVE
INVE
Q4 25
$2.8M
Q3 25
$-3.2M
Q2 25
$-3.8M
Q1 25
$-3.6M
Q4 24
$-6.5M
Q3 24
$-7.7M
Q2 24
$-1.1M
Q1 24
$-579.3K
$-1.5M
FCF Margin
CNEY
CNEY
INVE
INVE
Q4 25
45.8%
Q3 25
-64.5%
Q2 25
-75.8%
Q1 25
-68.0%
Q4 24
-97.7%
Q3 24
-118.2%
Q2 24
-16.7%
Q1 24
-2.6%
-23.0%
Capex Intensity
CNEY
CNEY
INVE
INVE
Q4 25
3.3%
Q3 25
7.0%
Q2 25
5.0%
Q1 25
5.7%
Q4 24
9.3%
Q3 24
7.7%
Q2 24
2.0%
Q1 24
0.0%
3.5%
Cash Conversion
CNEY
CNEY
INVE
INVE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-0.08×
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.

INVE
INVE

Other$3.4M55%
Europe And Middle East$2.2M36%
Asia Pacific$575.0K9%

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