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CBAK Energy Technology, Inc.（CBAT）与RE/MAX Holdings, Inc.（RMAX）财务数据对比。点击上方公司名可切换其他公司
RE/MAX Holdings, Inc.的季度营收约是CBAK Energy Technology, Inc.的1.2倍（$71.1M vs $58.8M），RE/MAX Holdings, Inc.净利率更高（2.0% vs -12.5%，领先14.6%），CBAK Energy Technology, Inc.同比增速更快（131.8% vs -1.8%），RE/MAX Holdings, Inc.自由现金流更多（$33.5M vs $16.1M），过去两年CBAK Energy Technology, Inc.的营收复合增速更高（-0.0% vs -4.7%）
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。
RE/MAX是全球知名的房地产特许经营机构，业务遍布全球一百多个国家和地区，旗下拥有数千家门店，总计超过十万名房产经纪人，在国际房产中介领域拥有极高的品牌知名度与市场影响力。
CBAT vs RMAX — 直观对比
营收规模更大
RMAX
是对方的1.2倍
$58.8M
营收增速更快
CBAT
高出133.6%
-1.8%
净利率更高
RMAX
高出14.6%
-12.5%
自由现金流更多
RMAX
多$17.4M
$16.1M
两年增速更快
CBAT
近两年复合增速
-4.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $58.8M | $71.1M |
| 净利润 | $-7.4M | $1.4M |
| 毛利率 | 7.3% | — |
| 营业利润率 | -13.6% | 13.1% |
| 净利率 | -12.5% | 2.0% |
| 营收同比 | 131.8% | -1.8% |
| 净利润同比 | -63.6% | -75.2% |
| 每股收益（稀释后） | $-0.08 | — |
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CBATRMAX
| Q4 25 | $58.8M | $71.1M | ||
| Q3 25 | $60.9M | $73.2M | ||
| Q2 25 | $40.5M | $72.8M | ||
| Q1 25 | $34.9M | $74.5M | ||
| Q4 24 | $25.4M | $72.5M | ||
| Q3 24 | $44.6M | $78.5M | ||
| Q2 24 | $47.8M | $78.5M | ||
| Q1 24 | $58.8M | $78.3M |
净利润CBATRMAX
| Q4 25 | $-7.4M | $1.4M | ||
| Q3 25 | $2.7M | $4.0M | ||
| Q2 25 | $-3.1M | $4.7M | ||
| Q1 25 | $-1.6M | $-2.0M | ||
| Q4 24 | $-4.5M | $5.8M | ||
| Q3 24 | $17.6K | $966.0K | ||
| Q2 24 | $6.4M | $3.7M | ||
| Q1 24 | $9.8M | $-3.4M |
毛利率CBATRMAX
| 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% | — | ||
| Q1 24 | 31.9% | — |
营业利润率CBATRMAX
| Q4 25 | -13.6% | 13.1% | ||
| Q3 25 | -6.6% | 25.0% | ||
| Q2 25 | -8.7% | 19.3% | ||
| Q1 25 | -8.2% | 7.2% | ||
| Q4 24 | -26.0% | 5.9% | ||
| Q3 24 | -1.9% | 19.4% | ||
| Q2 24 | 12.4% | 20.6% | ||
| Q1 24 | 17.4% | 5.8% |
净利率CBATRMAX
| Q4 25 | -12.5% | 2.0% | ||
| Q3 25 | 4.4% | 5.4% | ||
| Q2 25 | -7.6% | 6.4% | ||
| Q1 25 | -4.5% | -2.6% | ||
| Q4 24 | -17.8% | 8.0% | ||
| Q3 24 | 0.0% | 1.2% | ||
| Q2 24 | 13.5% | 4.7% | ||
| Q1 24 | 16.7% | -4.3% |
每股收益（稀释后）CBATRMAX
| Q4 25 | $-0.08 | — | ||
| Q3 25 | $0.03 | — | ||
| Q2 25 | $-0.03 | — | ||
| Q1 25 | $-0.02 | — | ||
| Q4 24 | $-0.05 | — | ||
| Q3 24 | $0.00 | — | ||
| Q2 24 | $0.07 | — | ||
| Q1 24 | $0.11 | — |
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 | $118.7M |
| 总债务越低越好 | $4.1M | $432.2M |
| 股东权益账面价值 | $112.7M | $452.4M |
| 总资产 | $426.2M | $582.5M |
| 负债/权益比越低杠杆越低 | 0.04× | 0.96× |
8季度趋势，按日历期对齐
现金及短期投资CBATRMAX
| Q4 25 | $8.3M | $118.7M | ||
| Q3 25 | $10.5M | $107.5M | ||
| Q2 25 | $45.7M | $94.3M | ||
| Q1 25 | $9.6M | $89.1M | ||
| Q4 24 | $11.0M | $96.6M | ||
| Q3 24 | $24.2M | $83.8M | ||
| Q2 24 | $44.1M | $66.1M | ||
| Q1 24 | $23.8M | $82.1M |
总债务CBATRMAX
| Q4 25 | $4.1M | $432.2M | ||
| Q3 25 | $4.8M | $433.3M | ||
| Q2 25 | $4.9M | $434.4M | ||
| Q1 25 | $4.1M | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
股东权益CBATRMAX
| Q4 25 | $112.7M | $452.4M | ||
| Q3 25 | $121.4M | $448.1M | ||
| Q2 25 | $118.2M | $442.4M | ||
| Q1 25 | $120.8M | $433.5M | ||
| Q4 24 | $121.7M | $429.5M | ||
| Q3 24 | $131.2M | $423.1M | ||
| Q2 24 | $126.6M | $418.4M | ||
| Q1 24 | $120.9M | $412.0M |
总资产CBATRMAX
| Q4 25 | $426.2M | $582.5M | ||
| Q3 25 | $363.9M | $582.2M | ||
| Q2 25 | $333.1M | $574.8M | ||
| Q1 25 | $311.5M | $571.4M | ||
| Q4 24 | $302.2M | $581.6M | ||
| Q3 24 | $293.5M | $578.6M | ||
| Q2 24 | $279.6M | $571.4M | ||
| Q1 24 | $286.5M | $566.7M |
负债/权益比CBATRMAX
| Q4 25 | 0.04× | 0.96× | ||
| Q3 25 | 0.04× | 0.97× | ||
| Q2 25 | 0.04× | 0.98× | ||
| Q1 25 | 0.03× | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $40.9M |
| 自由现金流经营现金流 - 资本支出 | $16.1M | $33.5M |
| 自由现金流率自由现金流/营收 | 27.3% | 47.1% |
| 资本支出强度资本支出/营收 | 23.4% | 10.4% |
| 现金转化率经营现金流/净利润 | — | 28.39× |
| 过去12个月自由现金流最近4个季度 | $3.9M | $56.8M |
8季度趋势，按日历期对齐
经营现金流CBATRMAX
| Q4 25 | $29.8M | $40.9M | ||
| Q3 25 | $14.6M | $17.7M | ||
| Q2 25 | $13.8M | $4.6M | ||
| Q1 25 | $-9.6M | $5.7M | ||
| Q4 24 | $9.6M | $59.7M | ||
| Q3 24 | $19.7M | $17.6M | ||
| Q2 24 | $2.9M | $15.9M | ||
| Q1 24 | $7.4M | $9.4M |
自由现金流CBATRMAX
| Q4 25 | $16.1M | $33.5M | ||
| Q3 25 | $6.0M | $16.4M | ||
| Q2 25 | $4.1M | $2.9M | ||
| Q1 25 | $-22.3M | $4.0M | ||
| Q4 24 | $3.9M | $53.0M | ||
| Q3 24 | $16.5M | $16.3M | ||
| Q2 24 | $2.5M | $14.0M | ||
| Q1 24 | $-454.0K | $6.8M |
自由现金流率CBATRMAX
| Q4 25 | 27.3% | 47.1% | ||
| Q3 25 | 9.9% | 22.4% | ||
| Q2 25 | 10.2% | 4.0% | ||
| Q1 25 | -63.9% | 5.3% | ||
| Q4 24 | 15.5% | 73.2% | ||
| Q3 24 | 37.1% | 20.8% | ||
| Q2 24 | 5.2% | 17.8% | ||
| Q1 24 | -0.8% | 8.6% |
资本支出强度CBATRMAX
| Q4 25 | 23.4% | 10.4% | ||
| Q3 25 | 14.1% | 1.8% | ||
| Q2 25 | 23.8% | 2.2% | ||
| Q1 25 | 36.3% | 2.3% | ||
| Q4 24 | 22.5% | 9.1% | ||
| Q3 24 | 7.0% | 1.7% | ||
| Q2 24 | 0.9% | 2.4% | ||
| Q1 24 | 13.4% | 3.3% |
现金转化率CBATRMAX
| Q4 25 | — | 28.39× | ||
| Q3 25 | 5.51× | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | 1115.72× | 18.22× | ||
| Q2 24 | 0.46× | 4.29× | ||
| Q1 24 | 0.76× | — |
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% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
