CN Energy Group. Inc. (CNEY) Revenue History
Annual and quarterly revenue from 2017 to 2025
Compound Annual Growth Rate (CAGR)
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CNEY Revenue Growth
Revenue Breakdown (FY 2025)
CNEY's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
CNEY Revenue Analysis (2017–2025)
As of May 8, 2026, CN Energy Group. Inc. (CNEY) generated trailing twelve-month (TTM) revenue of $86.5 million, reflecting slight decline in growth of -2.4% year-over-year. The most recent quarter (Q4 2025) recorded $19.2 million in revenue, up 17.2% sequentially.
Looking at the longer-term picture, CNEY's 5-year compound annual growth rate (CAGR) stands at +23.3%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $57.9 million in 2023.
Revenue diversification analysis shows CNEY's business is primarily driven by Activated Carbon (100%). With over half of revenue concentrated in Activated Carbon, the company maintains significant focus in this area while developing other growth vectors.
When compared to Basic Materials sector peers including GPRE (-21.4% YoY), REX (-3.1% YoY), and ALTO (-4.9% YoY), CNEY has underperformed the peer group in terms of revenue growth. Compare CNEY vs GPRE →
CNEY Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CNEYCurrent | $87M | -2.4% | +23.3% | -30.9% | |
 GPRE | $2.1B | -21.4% | +1.7% | -4.0% | |
 REX | $642M | -3.1% | +9.0% | 10.0% | |
 ALTO | $918M | -4.9% | +0.5% | 0.8% | |
 AMTX | $208M | -12.0% | +4.7% | -17.9% | |
 CLNE | $425M | +5.5% | +7.8% | -22.1% |
CNEY Historical Revenue Data (2017–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $35.6M | -30.2% | $-7,174,121 | -20.2% | $-10,975,431 | -30.9% |
| 2024 | $51.0M | -12.0% | $-181,111 | -0.4% | $-12,488,605 | -24.5% |
| 2023 | $57.9M | +44.0% | $789K | 1.4% | $-6,178,419 | -10.7% |
| 2022 | $40.2M | +102.6% | $3.6M | 9.1% | $460K | 1.1% |
| 2021 | $19.8M | +59.1% | $2.6M | 13.2% | $583K | 2.9% |
| 2020 | $12.5M | +14.5% | $3.4M | 26.9% | $2.0M | 16.1% |
| 2019 | $10.9M | +34.6% | $3.0M | 27.3% | $1.8M | 16.4% |
| 2018 | $8.1M | +490.4% | $1.8M | 22.5% | $1.1M | 13.0% |
| 2017 | $1.4M | - | $-277,808 | -20.3% | $-1,019,640 | -74.4% |
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Start ComparisonCNEY — Frequently Asked Questions
Quick answers to the most common questions about buying CNEY stock.
Is CNEY's revenue growth accelerating or slowing?
CNEY revenue growth slowed to -2.4%, below the 5-year CAGR of +23.3%. TTM revenue is $87M. The deceleration marks a shift from historical growth rates.
What is CNEY's long-term revenue growth rate?
CN Energy Group. Inc.'s 5-year revenue CAGR of +23.3% reflects the variable expansion pattern. Current YoY growth of -2.4% is near this long-term average.
How is CNEY's revenue distributed by segment?
CNEY reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2017-2025 are available for download. Segment mix reveals concentration and diversification trends.