NASDAQ : CVGI
Commercial Vehicle Group, Inc. — Financial statements
Consumer Discretionary · Auto Parts · United States
Last price 3.16 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 120.07M
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Financial statements
Commercial Vehicle Group, Inc. (CVGI) reported revenue of 673.98M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 673.98M | 649.00M | 723.36M | 835.47M | 782.58M | 971.58M |
| Cost of Revenue | 593.14M | 575.68M | 638.58M | 714.38M | 697.56M | 852.59M |
| Gross Profit | 80.84M | 73.32M | 84.77M | 121.09M | 85.03M | 118.99M |
| Selling, General & Admin | 76.59M | 69.60M | 76.81M | 82.22M | 60.63M | 68.95M |
| Operating Expenses | 76.59M | 69.60M | 76.81M | 82.22M | 60.63M | 68.95M |
| Operating Income | 4.25M | 3.73M | 7.97M | 38.87M | 24.40M | 50.03M |
| Interest Expense | -15.28M | -13.03M | -9.17M | -10.25M | -9.16M | -11.18M |
| Currency Exchange Gain (Loss) | -170.00K | 118.00K | -2.17M | |||
| Other Non Operating Income (Expenses) | -10.16M | -592.00K | 2.95M | -193.00K | -10.04M | 427.00K |
| EBT Excluding Unusual Items | -21.36M | -9.78M | -432.00K | 28.43M | 5.20M | 39.28M |
| Merger & Restructuring Charges | -5.90M | -5.50M | -10.80M | |||
| Gain (Loss) on Sale of Assets | 13.96M | 3.50M | ||||
| Other Unusual Items | -2.99M | -460.00K | -509.00K | -921.00K | -7.16M | |
| Pretax Income | -16.29M | -15.74M | -8.24M | 28.43M | 4.28M | 32.12M |
| Income Tax Expense | 4.78M | 4.74M | 27.49M | -15.20M | 20.90M | 8.39M |
| Earnings From Continuing Operations | -21.07M | -20.48M | -35.73M | 43.63M | -16.63M | 23.73M |
| Earnings From Discontinued Operations | -1.98M | -2.30M | 7.87M | 5.78M | -5.34M | |
| Net Income to Company | -23.05M | -22.78M | -27.87M | 49.41M | -21.97M | 23.73M |
| Net Income | -23.05M | -22.78M | -27.87M | 49.41M | -21.97M | 23.73M |
| Net Income to Common | -23.05M | -22.78M | -27.87M | 49.41M | -21.97M | 23.73M |
| Shares Outstanding (Basic) | 34.20M | 33.84M | 33.42M | 33.04M | 32.33M | 31.50M |
| Shares Outstanding (Diluted) | 34.20M | 33.84M | 33.42M | 33.58M | 32.33M | 32.79M |
| EPS (Basic) | -0.67 | -0.67 | -0.83 | 1.50 | -0.68 | 0.75 |
| EPS (Diluted) | -0.69 | -0.68 | -0.83 | 1.47 | -0.68 | 0.72 |
| Free Cash Flow | -390.00K | 33.99M | -51.97M | 18.58M | 49.24M | -47.48M |
| Free Cash Flow Per Share | -0.01 | 1.00 | -1.55 | 0.55 | 1.52 | -1.45 |
| Gross Margin | 12.00% | 11.30% | 11.72% | 14.49% | 10.87% | 12.25% |
| Operating Margin | 0.63% | 0.57% | 1.10% | 4.65% | 3.12% | 5.15% |
| Profit Margin | -3.42% | -3.51% | -3.85% | 5.91% | -2.81% | 2.44% |
| Free Cash Flow Margin | -0.06% | 5.24% | -7.18% | 2.22% | 6.29% | -4.89% |
| EBITDA | 19.24M | 18.46M | 25.35M | 56.50M | 42.58M | 68.53M |
| EBITDA Margin | 2.85% | 2.84% | 3.50% | 6.76% | 5.44% | 7.05% |
| D&A For EBITDA | 14.99M | 14.74M | 17.38M | 17.63M | 18.18M | 18.50M |
| EBIT | 4.25M | 3.73M | 7.97M | 38.87M | 24.40M | 50.03M |
| EBIT Margin | 0.63% | 0.57% | 1.10% | 4.65% | 3.12% | 5.15% |
| Effective Tax Rate | 488.64% | 26.13% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 35.95M | 33.28M | 26.63M | 37.85M | 31.82M | 34.96M |
| Trading Asset Securities | 1.07M | |||||
| Cash & Short-Term Investments | 35.95M | 33.28M | 27.70M | 37.85M | 31.82M | 34.96M |
| Receivables | 115.43M | 86.26M | 118.68M | 129.35M | 152.63M | 174.47M |
| Inventory | 129.91M | 118.56M | 128.22M | 117.27M | 142.54M | 141.04M |
| Other Current Assets | 33.23M | 25.23M | 28.69M | 43.28M | 12.58M | 20.20M |
| Total Current Assets | 314.53M | 263.33M | 303.30M | 327.74M | 339.57M | 370.68M |
| Property, Plant & Equipment | 115.88M | 103.80M | 98.89M | 100.29M | 94.45M | 89.71M |
| Long-Term Investments | 1.07M | 1.85M | ||||
| Other Intangible Assets | 3.06M | 3.35M | 3.92M | 6.59M | 14.62M | 18.28M |
| Long-Term Deferred Tax Assets | 11.28M | 11.35M | 11.08M | 33.57M | 12.28M | 24.11M |
| Other Long-Term Assets | 9.78M | 9.89M | 7.38M | 13.94M | 7.50M | 4.92M |
| Total Assets | 454.53M | 391.71M | 424.57M | 483.21M | 470.27M | 507.69M |
| Accounts Payable | 100.47M | 74.18M | 77.00M | 75.25M | 122.09M | 101.92M |
| Accrued Expenses | 25.97M | 15.91M | 17.48M | 27.82M | 18.62M | 22.30M |
| Short-Term Debt | 2.94M | 1.43M | ||||
| Current Portion of Long-Term Debt | 1.90M | 942.00K | 8.44M | 15.31M | 10.94M | 9.87M |
| Current Portion of Leases | 7.71M | 8.01M | 8.09M | 7.61M | 7.55M | 9.24M |
| Current Income Taxes Payable | 4.96M | 2.98M | 2.12M | 5.02M | 5.09M | 6.39M |
| Other Current Liabilities | 14.68M | 4.90M | 12.67M | 14.18M | 11.54M | 12.40M |
| Total Current Liabilities | 158.62M | 108.35M | 125.80M | 145.19M | 175.84M | 162.13M |
| Long-Term Debt | 86.94M | 104.00M | 127.06M | 126.20M | 141.50M | 185.58M |
| Long-Term Leases | 47.03M | 30.15M | 22.83M | 24.52M | 19.56M | 18.79M |
| Pension & Post-Retirement Benefits | 6.72M | 6.90M | 8.14M | 9.20M | 8.43M | 9.90M |
| Long-Term Deferred Tax Liabilities | 146.00K | 324.00K | 273.00K | 977.00K | 1.17M | |
| Other Long-Term Liabilities | 19.09M | 8.80M | 4.82M | 4.90M | 3.92M | 3.47M |
| Total Liabilities | 318.41M | 258.36M | 288.98M | 310.28M | 350.23M | 381.04M |
| Common Stock | 377.00K | 342.00K | 337.00K | 333.00K | 328.00K | 321.00K |
| Additional Paid-In Capital | 287.25M | 272.90M | 269.12M | 265.22M | 261.37M | 255.57M |
| Retained Earnings | -106.17M | -96.83M | -74.05M | -46.18M | -95.59M | -73.62M |
| Treasury Stock | -17.31M | -16.71M | -16.47M | -16.15M | -14.51M | -13.17M |
| Comprehensive Income & Other | -28.03M | -26.35M | -43.34M | -30.28M | -31.55M | -42.44M |
| Shareholders' Equity | 136.12M | 133.36M | 135.59M | 172.93M | 120.04M | 126.65M |
| Total Liabilities & Equity | 454.53M | 391.71M | 424.57M | 483.21M | 470.27M | 507.69M |
| Total Debt | 146.52M | 144.54M | 166.42M | 173.65M | 179.55M | 223.49M |
| Net Cash (Debt) | -110.57M | -111.25M | -138.72M | -135.80M | -147.72M | -188.53M |
| Net Cash Per Share | -3.23 | -3.29 | -4.15 | -4.04 | -4.57 | -5.75 |
| Filing Date Shares Outstanding | 38.00M | 34.23M | 32.39M | 31.76M | 30.93M | 30.33M |
| Total Common Shares Outstanding | 35.02M | 31.78M | 31.44M | 31.19M | 30.93M | 30.33M |
| Working Capital | 155.91M | 154.98M | 177.50M | 182.55M | 163.74M | 208.55M |
| Book Value Per Share | 3.89 | 4.20 | 4.31 | 5.54 | 3.88 | 4.18 |
| Tangible Book Value | 133.05M | 130.01M | 131.67M | 166.34M | 105.42M | 108.37M |
| Tangible Book Value Per Share | 3.80 | 4.09 | 4.19 | 5.33 | 3.41 | 3.57 |
| Land | 25.38M | 29.69M | 26.61M | 28.57M | 32.27M | 32.01M |
| Machinery | 227.16M | 225.92M | 211.98M | 210.93M | 212.35M | 194.83M |
| Construction In Progress | 6.27M | 4.21M | 8.07M | 6.29M | 7.32M | 8.82M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -23.05M | -22.78M | -27.87M | 49.41M | -21.97M | 23.73M |
| Depreciation & Amortization | 14.99M | 14.74M | 17.38M | 17.63M | 18.18M | 18.50M |
| Other Amortization | 1.98M | 1.13M | 337.00K | 303.00K | 350.00K | 1.01M |
| Loss (Gain) From Sale of Assets | -13.96M | -3.54M | ||||
| Stock-Based Compensation | 4.49M | 3.79M | 3.90M | 3.85M | 5.80M | 6.25M |
| Other Operating Activities | 10.66M | -754.00K | 23.51M | -18.29M | 26.46M | 10.70M |
| Change in Accounts Receivable | -8.93M | 34.19M | 10.70M | 18.82M | 19.17M | -23.57M |
| Change in Inventory | -13.05M | 11.29M | -13.04M | 15.00M | -3.67M | -50.28M |
| Change in Accounts Payable | 20.99M | -4.05M | 2.83M | -44.08M | 21.84M | -11.57M |
| Change in Income Taxes | 3.38M | 3.38M | -4.72M | -3.63M | 155.00K | |
| Change in Other Net Operating Assets | 11.74M | 3.71M | -22.05M | -727.00K | 2.63M | -4.60M |
| Operating Cash Flow | 10.72M | 44.64M | -33.45M | 38.28M | 68.95M | -29.83M |
| Capital Expenditures | -11.12M | -10.65M | -18.52M | -19.70M | -19.71M | -17.65M |
| Sale of Property, Plant & Equipment | 15.97M | 45.00K | 4.46M | 87.00K | ||
| Divestitures | 44.96M | |||||
| Investing Cash Flow | 4.85M | -10.61M | 30.90M | -19.70M | -19.71M | -17.57M |
| Short-Term Debt Issued | 4.19M | 4.37M | 97.50M | |||
| Long-Term Debt Issued | 125.30M | 89.00M | 25.00M | 95.83M | 150.00M | |
| Total Debt Issued | 11.56M | 129.49M | 89.00M | 29.37M | 95.83M | 247.50M |
| Short-Term Debt Repaid | -2.76M | -4.37M | -48.10M | |||
| Long-Term Debt Repaid | -149.44M | -95.06M | -35.94M | -138.97M | -156.40M | |
| Total Debt Repaid | -45.09M | -152.19M | -95.06M | -40.31M | -138.97M | -204.50M |
| Net Debt Issued (Repaid) | -33.53M | -22.71M | -6.06M | -10.94M | -43.15M | 43.00M |
| Repurchase of Common Stock | -825.00K | -238.00K | -318.00K | -1.64M | -1.34M | -1.28M |
| Other Financing Activities | 10.25M | -6.29M | -741.00K | -155.00K | -5.60M | -10.71M |
| Financing Cash Flow | -24.11M | -29.23M | -7.12M | -12.73M | -50.09M | 31.01M |
| Foreign Exchange Rate Adjustments | -810.00K | 1.85M | -1.54M | 172.00K | -2.28M | 842.00K |
| Net Cash Flow | -9.34M | 6.65M | -11.22M | 6.02M | -3.13M | -15.54M |
| Free Cash Flow | -390.00K | 33.99M | -51.97M | 18.58M | 49.24M | -47.48M |
| Free Cash Flow Margin | -0.06% | 5.24% | -7.18% | 2.22% | 6.29% | -4.89% |
| Free Cash Flow Per Share | -0.01 | 1.00 | -1.55 | 0.55 | 1.52 | -1.45 |
| Levered Free Cash Flow | 16.20M | 37.44M | 3.64M | 2.75M | 56.45M | -52.07M |
| Unlevered Free Cash Flow | 23.77M | 44.45M | 9.04M | 8.85M | 61.83M | -46.09M |
| Cash Interest Paid | 14.30M | 13.30M | 11.70M | 12.80M | 9.30M | 8.46M |
| Cash Income Tax Paid | 1.36M | 264.00K | 8.40M | 10.90M | 4.00M | 4.11M |
| Change in Working Capital | 14.12M | 48.53M | -26.28M | -14.62M | 40.12M | -90.02M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 124.25M | 49.56M | 80.23M | 222.16M | 209.13M | 265.81M |
| Enterprise Value | 234.82M | 165.27M | 209.17M | 357.17M | 382.41M | 441.74M |
| Last Close Price | 3.16 | 1.44 | 2.48 | 7.01 | 6.81 | 8.06 |
| PE Ratio | 4.50 | 11.20 | ||||
| Forward PE | 27.08 | 180.00 | 5.53 | 8.64 | 8.62 | 6.80 |
| PS Ratio | 0.18 | 0.08 | 0.11 | 0.27 | 0.27 | 0.27 |
| PB Ratio | 0.81 | 0.37 | 0.59 | 1.28 | 1.74 | 2.10 |
| P/TBV Ratio | 0.90 | 0.38 | 0.61 | 1.34 | 1.98 | 2.45 |
| P/FCF Ratio | 1.46 | 11.96 | 4.25 | |||
| P/OCF Ratio | 11.20 | 1.11 | 5.80 | 3.03 | ||
| PEG Ratio | 1.05 | 8.18 | 0.25 | 0.39 | 0.39 | 0.57 |
| EV/Sales Ratio | 0.34 | 0.26 | 0.29 | 0.43 | 0.49 | 0.46 |
| EV/EBITDA Ratio | 11.99 | 8.95 | 8.25 | 6.32 | 8.98 | 6.45 |
| EV/EBIT Ratio | 54.31 | 44.37 | 26.25 | 9.19 | 15.67 | 8.83 |
| EV/FCF Ratio | 4.86 | 19.22 | 7.77 | |||
| Debt / Equity Ratio | 1.08 | 1.08 | 1.23 | 1.00 | 1.50 | 1.76 |
| Debt / EBITDA Ratio | 3.95 | 4.05 | 4.15 | 2.42 | 3.08 | 2.63 |
| Debt / FCF Ratio | 4.25 | 9.35 | 3.65 | |||
| Net Debt / Equity Ratio | 0.81 | 0.83 | 1.02 | 0.79 | 1.23 | 1.49 |
| Net Debt / EBITDA Ratio | 5.75 | 6.03 | 5.47 | 2.40 | 3.47 | 2.75 |
| Net Debt / FCF Ratio | -283.51 | 3.27 | -2.67 | 7.31 | 3.00 | -3.97 |
| Asset Turnover | 1.52 | 1.59 | 1.59 | 1.75 | 1.60 | 2.02 |
| Inventory Turnover | 4.81 | 4.67 | 5.20 | 5.50 | 4.92 | 7.34 |
| Quick Ratio | 0.95 | 1.10 | 1.16 | 1.15 | 1.05 | 1.29 |
| Current Ratio | 1.98 | 2.43 | 2.41 | 2.26 | 1.93 | 2.29 |
| Return on Equity (ROE) | -15.12% | -15.23% | -23.16% | 29.79% | -13.48% | 21.38% |
| Return on Assets (ROA) | 0.60% | 0.57% | 1.10% | 5.10% | 3.12% | 6.50% |
| Return on Invested Capital (ROIC) | 1.72% | 1.44% | 2.73% | 13.48% | -32.53% | 13.65% |
| Return on Capital Employed (ROCE) | 1.40% | 1.30% | 2.70% | 11.50% | 8.30% | 14.50% |
| Earnings Yield | -20.98% | -45.97% | -34.73% | 22.24% | -10.51% | 8.93% |
| FCF Yield | -0.32% | 68.59% | -64.78% | 8.36% | 23.54% | -17.87% |
| Buyback Yield / Dilution | -1.76% | -1.25% | 0.48% | -3.86% | 1.39% | -5.97% |