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CBAK Energy Technology, Inc.（CBAT）与MERCANTILE BANK CORP（MBWM）财务数据对比。点击上方公司名可切换其他公司
MERCANTILE BANK CORP的季度营收约是CBAK Energy Technology, Inc.的1.1倍（$67.6M vs $58.8M），MERCANTILE BANK CORP净利率更高（33.6% vs -12.5%，领先46.1%），过去两年MERCANTILE BANK CORP的营收复合增速更高（9.1% vs -0.0%）
CBAK能源科技是一家专业从事锂离子电池研发、生产与销售的企业，产品涵盖高性能电芯、模组及电池包，主要服务新能源汽车、储能系统、消费电子等核心领域，业务覆盖中国及全球多个市场。
泰米尔纳德商业银行（TMB）是一家印度银行，总部位于泰米尔纳德邦杜蒂戈林。该行始建于1921年，最初名为纳达尔银行，1962年11月更名为泰米尔纳德商业银行，以拓展纳达尔社群以外的业务。目前该银行在印度全境拥有600家全功能网点、12个区域办事处及各类配套服务中心与自助设施。
CBAT vs MBWM — 直观对比
营收规模更大
MBWM
是对方的1.1倍
$58.8M
净利率更高
MBWM
高出46.1%
-12.5%
两年增速更快
MBWM
近两年复合增速
-0.0%
损益表 — Q4 FY2025 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $58.8M | $67.6M |
| 净利润 | $-7.4M | $22.7M |
| 毛利率 | 7.3% | — |
| 营业利润率 | -13.6% | — |
| 净利率 | -12.5% | 33.6% |
| 营收同比 | 131.8% | — |
| 净利润同比 | -63.6% | 16.1% |
| 每股收益（稀释后） | $-0.08 | $1.32 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CBATMBWM
| Q1 26 | — | $67.6M | ||
| Q4 25 | $58.8M | $62.1M | ||
| Q3 25 | $60.9M | $62.4M | ||
| Q2 25 | $40.5M | $60.9M | ||
| Q1 25 | $34.9M | $57.3M | ||
| Q4 24 | $25.4M | $58.5M | ||
| Q3 24 | $44.6M | $58.0M | ||
| Q2 24 | $47.8M | $56.8M |
净利润CBATMBWM
| Q1 26 | — | $22.7M | ||
| Q4 25 | $-7.4M | $22.8M | ||
| Q3 25 | $2.7M | $23.8M | ||
| Q2 25 | $-3.1M | $22.6M | ||
| Q1 25 | $-1.6M | $19.5M | ||
| Q4 24 | $-4.5M | $19.6M | ||
| Q3 24 | $17.6K | $19.6M | ||
| Q2 24 | $6.4M | $18.8M |
毛利率CBATMBWM
| Q1 26 | — | — | ||
| Q4 25 | 7.3% | — | ||
| Q3 25 | 8.0% | — | ||
| Q2 25 | 11.0% | — | ||
| Q1 25 | 13.7% | — | ||
| Q4 24 | 13.1% | — | ||
| Q3 24 | 15.6% | — | ||
| Q2 24 | 26.6% | — |
营业利润率CBATMBWM
| Q1 26 | — | — | ||
| Q4 25 | -13.6% | 42.0% | ||
| Q3 25 | -6.6% | 44.0% | ||
| Q2 25 | -8.7% | 42.6% | ||
| Q1 25 | -8.2% | 42.0% | ||
| Q4 24 | -26.0% | 39.7% | ||
| Q3 24 | -1.9% | 42.4% | ||
| Q2 24 | 12.4% | 41.4% |
净利率CBATMBWM
| Q1 26 | — | 33.6% | ||
| Q4 25 | -12.5% | 36.8% | ||
| Q3 25 | 4.4% | 38.1% | ||
| Q2 25 | -7.6% | 37.1% | ||
| Q1 25 | -4.5% | 34.1% | ||
| Q4 24 | -17.8% | 33.5% | ||
| Q3 24 | 0.0% | 33.8% | ||
| Q2 24 | 13.5% | 33.1% |
每股收益（稀释后）CBATMBWM
| Q1 26 | — | $1.32 | ||
| Q4 25 | $-0.08 | $1.41 | ||
| Q3 25 | $0.03 | $1.46 | ||
| Q2 25 | $-0.03 | $1.39 | ||
| Q1 25 | $-0.02 | $1.21 | ||
| Q4 24 | $-0.05 | $1.20 | ||
| Q3 24 | $0.00 | $1.22 | ||
| Q2 24 | $0.07 | $1.17 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $8.3M | — |
| 总债务越低越好 | $4.1M | $1.5M |
| 股东权益账面价值 | $112.7M | $736.9M |
| 总资产 | $426.2M | $6.9B |
| 负债/权益比越低杠杆越低 | 0.04× | 0.00× |
8季度趋势，按日历期对齐
现金及短期投资CBATMBWM
| Q1 26 | — | — | ||
| Q4 25 | $8.3M | — | ||
| Q3 25 | $10.5M | — | ||
| Q2 25 | $45.7M | — | ||
| Q1 25 | $9.6M | — | ||
| Q4 24 | $11.0M | — | ||
| Q3 24 | $24.2M | — | ||
| Q2 24 | $44.1M | — |
总债务CBATMBWM
| Q1 26 | — | $1.5M | ||
| Q4 25 | $4.1M | — | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $4.9M | — | ||
| Q1 25 | $4.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益CBATMBWM
| Q1 26 | — | $736.9M | ||
| Q4 25 | $112.7M | $724.9M | ||
| Q3 25 | $121.4M | $657.6M | ||
| Q2 25 | $118.2M | $631.5M | ||
| Q1 25 | $120.8M | $608.3M | ||
| Q4 24 | $121.7M | $584.5M | ||
| Q3 24 | $131.2M | $583.3M | ||
| Q2 24 | $126.6M | $551.2M |
总资产CBATMBWM
| Q1 26 | — | $6.9B | ||
| Q4 25 | $426.2M | $6.8B | ||
| Q3 25 | $363.9M | $6.3B | ||
| Q2 25 | $333.1M | $6.2B | ||
| Q1 25 | $311.5M | $6.1B | ||
| Q4 24 | $302.2M | $6.1B | ||
| Q3 24 | $293.5M | $5.9B | ||
| Q2 24 | $279.6M | $5.6B |
负债/权益比CBATMBWM
| Q1 26 | — | 0.00× | ||
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $29.8M | — |
| 自由现金流经营现金流 - 资本支出 | $16.1M | — |
| 自由现金流率自由现金流/营收 | 27.3% | — |
| 资本支出强度资本支出/营收 | 23.4% | — |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $3.9M | — |
8季度趋势，按日历期对齐
经营现金流CBATMBWM
| Q1 26 | — | — | ||
| Q4 25 | $29.8M | $18.0M | ||
| Q3 25 | $14.6M | $23.1M | ||
| Q2 25 | $13.8M | $-7.8M | ||
| Q1 25 | $-9.6M | $-3.0M | ||
| Q4 24 | $9.6M | $101.1M | ||
| Q3 24 | $19.7M | $-8.1M | ||
| Q2 24 | $2.9M | $9.1M |
自由现金流CBATMBWM
| Q1 26 | — | — | ||
| Q4 25 | $16.1M | — | ||
| Q3 25 | $6.0M | — | ||
| Q2 25 | $4.1M | — | ||
| Q1 25 | $-22.3M | — | ||
| Q4 24 | $3.9M | — | ||
| Q3 24 | $16.5M | — | ||
| Q2 24 | $2.5M | — |
自由现金流率CBATMBWM
| Q1 26 | — | — | ||
| Q4 25 | 27.3% | — | ||
| Q3 25 | 9.9% | — | ||
| Q2 25 | 10.2% | — | ||
| Q1 25 | -63.9% | — | ||
| Q4 24 | 15.5% | — | ||
| Q3 24 | 37.1% | — | ||
| Q2 24 | 5.2% | — |
资本支出强度CBATMBWM
| Q1 26 | — | — | ||
| Q4 25 | 23.4% | — | ||
| Q3 25 | 14.1% | — | ||
| Q2 25 | 23.8% | — | ||
| Q1 25 | 36.3% | — | ||
| Q4 24 | 22.5% | — | ||
| Q3 24 | 7.0% | — | ||
| Q2 24 | 0.9% | — |
现金转化率CBATMBWM
| Q1 26 | — | — | ||
| Q4 25 | — | 0.79× | ||
| Q3 25 | 5.51× | 0.97× | ||
| Q2 25 | — | -0.35× | ||
| Q1 25 | — | -0.15× | ||
| Q4 24 | — | 5.15× | ||
| Q3 24 | 1115.72× | -0.41× | ||
| Q2 24 | 0.46× | 0.49× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CBAT
| Manufacturing Lithium Batteries | $28.0M | 48% |
| Residential Energy Supply And Uninterruptable Supplies | $17.8M | 30% |
| Light Electric Vehicles | $12.9M | 22% |
| Precursor | $108.0K | 0% |
MBWM
| Net Interest Income | $55.9M | 83% |
| Noninterest Income | $11.7M | 17% |
