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CBAK Energy Technology, Inc.（CBAT）与Target Hospitality Corp.（TH）财务数据对比。点击上方公司名可切换其他公司
Target Hospitality Corp.的季度营收约是CBAK Energy Technology, Inc.的1.2倍（$73.5M vs $58.8M），CBAK Energy Technology, Inc.净利率更高（-12.5% vs -20.3%，领先7.8%），CBAK Energy Technology, Inc.同比增速更快（131.8% vs 22.0%），过去两年Target Hospitality Corp.的营收复合增速更高（0.7% 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。
Target Hospitality是一家专业住宿服务提供商，主营石油、天然气及矿业项目用工住宿，也提供大型活动、灾后救援所需的临时模块化住宿，总部位于得克萨斯州伍德兰兹，同时在北达科他州威利斯顿、科罗拉多州丹佛以及阿尔伯塔省卡尔加里设有办事处。
CBAT vs TH — 直观对比
营收规模更大
TH
是对方的1.2倍
$58.8M
营收增速更快
CBAT
高出109.8%
22.0%
净利率更高
CBAT
高出7.8%
-20.3%
两年增速更快
TH
近两年复合增速
-0.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $58.8M | $73.5M |
| 净利润 | $-7.4M | $-14.9M |
| 毛利率 | 7.3% | 9.6% |
| 营业利润率 | -13.6% | -22.9% |
| 净利率 | -12.5% | -20.3% |
| 营收同比 | 131.8% | 22.0% |
| 净利润同比 | -63.6% | -219.1% |
| 每股收益（稀释后） | $-0.08 | $-0.14 |
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CBATTH
| Q4 25 | $58.8M | $73.5M | ||
| Q3 25 | $60.9M | $91.6M | ||
| Q2 25 | $40.5M | $54.9M | ||
| Q1 25 | $34.9M | $54.9M | ||
| Q4 24 | $25.4M | $60.2M | ||
| Q3 24 | $44.6M | $65.8M | ||
| Q2 24 | $47.8M | $67.5M | ||
| Q1 24 | $58.8M | $72.4M |
净利润CBATTH
| Q4 25 | $-7.4M | $-14.9M | ||
| Q3 25 | $2.7M | $-795.0K | ||
| Q2 25 | $-3.1M | $-14.9M | ||
| Q1 25 | $-1.6M | $-6.5M | ||
| Q4 24 | $-4.5M | $12.5M | ||
| Q3 24 | $17.6K | $20.0M | ||
| Q2 24 | $6.4M | $18.4M | ||
| Q1 24 | $9.8M | $20.4M |
毛利率CBATTH
| Q4 25 | 7.3% | 9.6% | ||
| Q3 25 | 8.0% | 19.6% | ||
| Q2 25 | 11.0% | -0.6% | ||
| Q1 25 | 13.7% | 32.7% | ||
| Q4 24 | 13.1% | 61.5% | ||
| Q3 24 | 15.6% | 68.7% | ||
| Q2 24 | 26.6% | 69.4% | ||
| Q1 24 | 31.9% | 67.8% |
营业利润率CBATTH
| Q4 25 | -13.6% | -22.9% | ||
| Q3 25 | -6.6% | 0.1% | ||
| Q2 25 | -8.7% | -30.8% | ||
| Q1 25 | -8.2% | -2.0% | ||
| Q4 24 | -26.0% | 34.5% | ||
| Q3 24 | -1.9% | 42.5% | ||
| Q2 24 | 12.4% | 43.8% | ||
| Q1 24 | 17.4% | 42.0% |
净利率CBATTH
| Q4 25 | -12.5% | -20.3% | ||
| Q3 25 | 4.4% | -0.9% | ||
| Q2 25 | -7.6% | -27.2% | ||
| Q1 25 | -4.5% | -11.8% | ||
| Q4 24 | -17.8% | 20.8% | ||
| Q3 24 | 0.0% | 30.4% | ||
| Q2 24 | 13.5% | 27.2% | ||
| Q1 24 | 16.7% | 28.2% |
每股收益（稀释后）CBATTH
| Q4 25 | $-0.08 | $-0.14 | ||
| Q3 25 | $0.03 | $-0.01 | ||
| Q2 25 | $-0.03 | $-0.15 | ||
| Q1 25 | $-0.02 | $-0.07 | ||
| Q4 24 | $-0.05 | $0.12 | ||
| Q3 24 | $0.00 | $0.20 | ||
| Q2 24 | $0.07 | $0.18 | ||
| Q1 24 | $0.11 | $0.20 |
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 | $8.3M |
| 总债务越低越好 | $4.1M | $1.7M |
| 股东权益账面价值 | $112.7M | $389.3M |
| 总资产 | $426.2M | $530.2M |
| 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CBATTH
| Q4 25 | $8.3M | $8.3M | ||
| Q3 25 | $10.5M | $30.4M | ||
| Q2 25 | $45.7M | $19.2M | ||
| Q1 25 | $9.6M | $34.5M | ||
| Q4 24 | $11.0M | $190.7M | ||
| Q3 24 | $24.2M | $177.7M | ||
| Q2 24 | $44.1M | $154.3M | ||
| Q1 24 | $23.8M | $124.3M |
总债务CBATTH
| Q4 25 | $4.1M | $1.7M | ||
| Q3 25 | $4.8M | $2.0M | ||
| Q2 25 | $4.9M | $26.3M | ||
| Q1 25 | $4.1M | $42.9M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
股东权益CBATTH
| Q4 25 | $112.7M | $389.3M | ||
| Q3 25 | $121.4M | $402.4M | ||
| Q2 25 | $118.2M | $401.3M | ||
| Q1 25 | $120.8M | $415.3M | ||
| Q4 24 | $121.7M | $421.1M | ||
| Q3 24 | $131.2M | $417.6M | ||
| Q2 24 | $126.6M | $397.2M | ||
| Q1 24 | $120.9M | $375.5M |
总资产CBATTH
| Q4 25 | $426.2M | $530.2M | ||
| Q3 25 | $363.9M | $541.2M | ||
| Q2 25 | $333.1M | $533.7M | ||
| Q1 25 | $311.5M | $562.5M | ||
| Q4 24 | $302.2M | $725.8M | ||
| Q3 24 | $293.5M | $709.8M | ||
| Q2 24 | $279.6M | $697.0M | ||
| Q1 24 | $286.5M | $687.2M |
负债/权益比CBATTH
| Q4 25 | 0.04× | 0.00× | ||
| Q3 25 | 0.04× | 0.01× | ||
| Q2 25 | 0.04× | 0.07× | ||
| Q1 25 | 0.03× | 0.10× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.48× |
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 | $5.7M |
| 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CBATTH
| Q4 25 | $29.8M | $5.7M | ||
| Q3 25 | $14.6M | $53.4M | ||
| Q2 25 | $13.8M | $11.1M | ||
| Q1 25 | $-9.6M | $3.9M | ||
| Q4 24 | $9.6M | $30.6M | ||
| Q3 24 | $19.7M | $31.4M | ||
| Q2 24 | $2.9M | $39.1M | ||
| Q1 24 | $7.4M | $50.6M |
自由现金流CBATTH
| Q4 25 | $16.1M | — | ||
| Q3 25 | $6.0M | — | ||
| Q2 25 | $4.1M | — | ||
| Q1 25 | $-22.3M | $-11.6M | ||
| Q4 24 | $3.9M | — | ||
| Q3 24 | $16.5M | — | ||
| Q2 24 | $2.5M | — | ||
| Q1 24 | $-454.0K | — |
自由现金流率CBATTH
| Q4 25 | 27.3% | — | ||
| Q3 25 | 9.9% | — | ||
| Q2 25 | 10.2% | — | ||
| Q1 25 | -63.9% | -21.1% | ||
| Q4 24 | 15.5% | — | ||
| Q3 24 | 37.1% | — | ||
| Q2 24 | 5.2% | — | ||
| Q1 24 | -0.8% | — |
资本支出强度CBATTH
| Q4 25 | 23.4% | — | ||
| Q3 25 | 14.1% | — | ||
| Q2 25 | 23.8% | — | ||
| Q1 25 | 36.3% | 28.2% | ||
| Q4 24 | 22.5% | — | ||
| Q3 24 | 7.0% | — | ||
| Q2 24 | 0.9% | — | ||
| Q1 24 | 13.4% | — |
现金转化率CBATTH
| Q4 25 | — | — | ||
| Q3 25 | 5.51× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | 1115.72× | 1.57× | ||
| Q2 24 | 0.46× | 2.13× | ||
| Q1 24 | 0.76× | 2.48× |
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% |
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
