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CBAK Energy Technology, Inc.（CBAT）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是CBAK Energy Technology, Inc.的1.7倍（$100.0M vs $58.8M），null净利率更高（-7.0% vs -12.5%，领先5.5%），CBAK Energy Technology, Inc.同比增速更快（131.8% vs 14.5%），CBAK Energy Technology, Inc.自由现金流更多（$16.1M vs $14.1M），过去两年CBAK Energy Technology, Inc.的营收复合增速更高（-0.0% vs -4.9%）
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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
CBAT vs SWIM — 直观对比
营收规模更大
SWIM
是对方的1.7倍
$58.8M
营收增速更快
CBAT
高出117.2%
14.5%
净利率更高
SWIM
高出5.5%
-12.5%
自由现金流更多
CBAT
多$2.0M
$14.1M
两年增速更快
CBAT
近两年复合增速
-4.9%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $58.8M | $100.0M |
| 净利润 | $-7.4M | $-7.0M |
| 毛利率 | 7.3% | 28.0% |
| 营业利润率 | -13.6% | -10.7% |
| 净利率 | -12.5% | -7.0% |
| 营收同比 | 131.8% | 14.5% |
| 净利润同比 | -63.6% | 76.0% |
| 每股收益（稀释后） | $-0.08 | $-0.06 |
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CBATSWIM
| Q4 25 | $58.8M | $100.0M | ||
| Q3 25 | $60.9M | $161.9M | ||
| Q2 25 | $40.5M | $172.6M | ||
| Q1 25 | $34.9M | $111.4M | ||
| Q4 24 | $25.4M | $87.3M | ||
| Q3 24 | $44.6M | $150.5M | ||
| Q2 24 | $47.8M | $160.1M | ||
| Q1 24 | $58.8M | $110.6M |
净利润CBATSWIM
| Q4 25 | $-7.4M | $-7.0M | ||
| Q3 25 | $2.7M | $8.1M | ||
| Q2 25 | $-3.1M | $16.0M | ||
| Q1 25 | $-1.6M | $-6.0M | ||
| Q4 24 | $-4.5M | $-29.2M | ||
| Q3 24 | $17.6K | $5.9M | ||
| Q2 24 | $6.4M | $13.3M | ||
| Q1 24 | $9.8M | $-7.9M |
毛利率CBATSWIM
| Q4 25 | 7.3% | 28.0% | ||
| Q3 25 | 8.0% | 35.4% | ||
| Q2 25 | 11.0% | 37.1% | ||
| Q1 25 | 13.7% | 29.5% | ||
| Q4 24 | 13.1% | 24.6% | ||
| Q3 24 | 15.6% | 32.4% | ||
| Q2 24 | 26.6% | 33.1% | ||
| Q1 24 | 31.9% | 27.7% |
营业利润率CBATSWIM
| Q4 25 | -13.6% | -10.7% | ||
| Q3 25 | -6.6% | 13.3% | ||
| Q2 25 | -8.7% | 14.3% | ||
| Q1 25 | -8.2% | -4.4% | ||
| Q4 24 | -26.0% | -14.9% | ||
| Q3 24 | -1.9% | 8.9% | ||
| Q2 24 | 12.4% | 12.5% | ||
| Q1 24 | 17.4% | -1.9% |
净利率CBATSWIM
| Q4 25 | -12.5% | -7.0% | ||
| Q3 25 | 4.4% | 5.0% | ||
| Q2 25 | -7.6% | 9.3% | ||
| Q1 25 | -4.5% | -5.4% | ||
| Q4 24 | -17.8% | -33.4% | ||
| Q3 24 | 0.0% | 3.9% | ||
| Q2 24 | 13.5% | 8.3% | ||
| Q1 24 | 16.7% | -7.1% |
每股收益（稀释后）CBATSWIM
| Q4 25 | $-0.08 | $-0.06 | ||
| Q3 25 | $0.03 | $0.07 | ||
| Q2 25 | $-0.03 | $0.13 | ||
| Q1 25 | $-0.02 | $-0.05 | ||
| Q4 24 | $-0.05 | $-0.24 | ||
| Q3 24 | $0.00 | $0.05 | ||
| Q2 24 | $0.07 | $0.11 | ||
| Q1 24 | $0.11 | $-0.07 |
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 | $279.8M |
| 股东权益账面价值 | $112.7M | $405.9M |
| 总资产 | $426.2M | $823.2M |
| 负债/权益比越低杠杆越低 | 0.04× | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资CBATSWIM
| 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 | — | ||
| Q1 24 | $23.8M | — |
总债务CBATSWIM
| Q4 25 | $4.1M | $279.8M | ||
| Q3 25 | $4.8M | $281.1M | ||
| Q2 25 | $4.9M | $281.5M | ||
| Q1 25 | $4.1M | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
股东权益CBATSWIM
| Q4 25 | $112.7M | $405.9M | ||
| Q3 25 | $121.4M | $408.4M | ||
| Q2 25 | $118.2M | $398.4M | ||
| Q1 25 | $120.8M | $381.1M | ||
| Q4 24 | $121.7M | $387.2M | ||
| Q3 24 | $131.2M | $416.6M | ||
| Q2 24 | $126.6M | $408.1M | ||
| Q1 24 | $120.9M | $391.8M |
总资产CBATSWIM
| Q4 25 | $426.2M | $823.2M | ||
| Q3 25 | $363.9M | $844.4M | ||
| Q2 25 | $333.1M | $822.1M | ||
| Q1 25 | $311.5M | $824.6M | ||
| Q4 24 | $302.2M | $794.2M | ||
| Q3 24 | $293.5M | $853.4M | ||
| Q2 24 | $279.6M | $830.0M | ||
| Q1 24 | $286.5M | $808.6M |
负债/权益比CBATSWIM
| Q4 25 | 0.04× | 0.69× | ||
| Q3 25 | 0.04× | 0.69× | ||
| Q2 25 | 0.04× | 0.71× | ||
| Q1 25 | 0.03× | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $16.1M | $14.1M |
| 自由现金流率自由现金流/营收 | 27.3% | 14.1% |
| 资本支出强度资本支出/营收 | 23.4% | 9.2% |
| 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 | $38.0M |
8季度趋势，按日历期对齐
经营现金流CBATSWIM
| Q4 25 | $29.8M | $23.3M | ||
| Q3 25 | $14.6M | $51.0M | ||
| Q2 25 | $13.8M | $36.0M | ||
| Q1 25 | $-9.6M | $-46.9M | ||
| Q4 24 | $9.6M | $6.2M | ||
| Q3 24 | $19.7M | $37.2M | ||
| Q2 24 | $2.9M | $52.4M | ||
| Q1 24 | $7.4M | $-34.5M |
自由现金流CBATSWIM
| Q4 25 | $16.1M | $14.1M | ||
| Q3 25 | $6.0M | $45.2M | ||
| Q2 25 | $4.1M | $29.1M | ||
| Q1 25 | $-22.3M | $-50.3M | ||
| Q4 24 | $3.9M | $-98.0K | ||
| Q3 24 | $16.5M | $33.2M | ||
| Q2 24 | $2.5M | $47.9M | ||
| Q1 24 | $-454.0K | $-39.9M |
自由现金流率CBATSWIM
| Q4 25 | 27.3% | 14.1% | ||
| Q3 25 | 9.9% | 27.9% | ||
| Q2 25 | 10.2% | 16.8% | ||
| Q1 25 | -63.9% | -45.2% | ||
| Q4 24 | 15.5% | -0.1% | ||
| Q3 24 | 37.1% | 22.1% | ||
| Q2 24 | 5.2% | 29.9% | ||
| Q1 24 | -0.8% | -36.0% |
资本支出强度CBATSWIM
| Q4 25 | 23.4% | 9.2% | ||
| Q3 25 | 14.1% | 3.6% | ||
| Q2 25 | 23.8% | 4.0% | ||
| Q1 25 | 36.3% | 3.1% | ||
| Q4 24 | 22.5% | 7.2% | ||
| Q3 24 | 7.0% | 2.7% | ||
| Q2 24 | 0.9% | 2.8% | ||
| Q1 24 | 13.4% | 4.8% |
现金转化率CBATSWIM
| Q4 25 | — | — | ||
| Q3 25 | 5.51× | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1115.72× | 6.32× | ||
| Q2 24 | 0.46× | 3.95× | ||
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
