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CBL International vs TMD Energy: revenue, profit, margins and growth compared

CBL International brought in $538.5M of revenue in fiscal 2025, TMD Energy $688.6M in fiscal 2024. Revenue changed by -9.1% at CBL International and +8.8% at TMD Energy on the year before, so TMD Energy grew faster. CBL International kept -0.6% of its revenue as net profit, TMD Energy 0.3%. Free cash flow was $4M at CBL International and -$28M at TMD Energy.

Side by side, latest fiscal year

BANLTMDE
Fiscal year endedFY2025 (December 31, 2025)FY2024 (December 31, 2024)
Revenue$538.5M$688.6M
Revenue growth-9.1%+8.8%
Net income-$3M$1.9M
Net margin-0.6%0.3%
Free cash flow$4M-$28M
Free cash flow margin0.7%-4.1%
Earnings per share (diluted)-$0.11$0.09
Cash$9.3M$16.1M
Debtn/a$1.3M
Price to earningsn/an/a
Market valuen/a$15.7M
Dividend yieldn/an/a
Rank by revenue in sector#97 of 146 · Energy#90 of 146 · Energy

Over the years

Revenue
BANL FY2022: $326.5MBANL FY2022: $462.9MBANL FY2023: $435.9MBANL FY2024: $592.5MBANL FY2025: $538.5MTMDE FY2022: $702.1MTMDE FY2024: $633.1MTMDE FY2024: $688.6MFY22FY23FY24FY25
BANL $538.5MTMDE $688.6M
Net income
BANL FY2022: $3.6MBANL FY2022: $3.7MBANL FY2023: $1.1MBANL FY2024: -$3.9MBANL FY2025: -$3MTMDE FY2022: $2.4MTMDE FY2024: $2MTMDE FY2024: $1.9MFY22FY23FY24FY25
BANL -$3MTMDE $1.9M
Net margin
BANL FY2022: 1.1%BANL FY2022: 0.8%BANL FY2023: 0.3%BANL FY2024: -0.7%BANL FY2025: -0.6%TMDE FY2022: 0.3%TMDE FY2024: 0.3%TMDE FY2024: 0.3%FY22FY23FY24FY25
BANL -0.6%TMDE 0.3%
Revenue growth
BANL FY2022: +41.8%BANL FY2023: -5.8%BANL FY2024: +35.9%BANL FY2025: -9.1%TMDE FY2024: -9.8%TMDE FY2024: +8.8%FY22FY23FY24FY25
BANL -9.1%TMDE +8.8%
Free cash flow
BANL FY2022: -$2.5MBANL FY2022: $3.1MBANL FY2023: -$10.8MBANL FY2024: -$2.1MBANL FY2025: $4MTMDE FY2022: -$6.1MTMDE FY2024: -$2.5MTMDE FY2024: -$28MFY22FY23FY24FY25
BANL $4MTMDE -$28M

Fiscal years as each company reports them; the two may end in different months.

Questions about CBL International and TMD Energy

Which is bigger by revenue, CBL International or TMD Energy?

TMD Energy is bigger by revenue: $688.6M in fiscal 2024, against $538.5M for CBL International in fiscal 2025.

Which keeps more of its revenue as profit, CBL International or TMD Energy?

CBL International had a net margin of -0.6% in fiscal 2025; TMD Energy had 0.3% in fiscal 2024.

Which grew revenue faster, CBL International or TMD Energy?

In their latest fiscal years revenue changed by -9.1% at CBL International and +8.8% at TMD Energy.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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