NASDAQ : CVV
CVD Equipment Corporation — Financial statements
Industrials · Specialty Industrial Machinery · United States
Last price 3.915 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 27.21M
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Financial statements
CVD Equipment Corporation (CVV) reported revenue of 19.85M 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 | 19.85M | 25.79M | 26.88M | 24.11M | 25.81M | 16.45M |
| Cost of Revenue | 14.37M | 18.50M | 20.82M | 19.04M | 19.19M | 13.37M |
| Gross Profit | 5.48M | 7.29M | 6.05M | 5.07M | 6.63M | 3.08M |
| Selling, General & Admin | 6.11M | 6.25M | 6.56M | 7.08M | 6.54M | 5.96M |
| Research & Development | 2.83M | 2.79M | 2.63M | 2.60M | 1.91M | 1.78M |
| Operating Expenses | 8.94M | 9.04M | 9.18M | 9.68M | 8.45M | 7.74M |
| Operating Income | -3.46M | -1.75M | -3.13M | -4.61M | -1.82M | -4.66M |
| Interest Expense | -7.00K | -13.00K | -19.00K | -23.00K | -8.00K | -261.00K |
| Interest & Investment Income | 410.00K | 341.00K | 559.00K | 577.00K | 162.00K | 6.00K |
| Currency Exchange Gain (Loss) | 42.00K | -95.00K | -143.00K | |||
| Other Non Operating Income (Expenses) | -3.00K | 2.00K | 91.00K | 15.00K | 500.00K | |
| EBT Excluding Unusual Items | -3.06M | -1.42M | -2.59M | -3.92M | -1.75M | -4.56M |
| Gain (Loss) on Sale of Assets | 46.00K | 717.00K | -162.00K | 6.89M | ||
| Asset Writedown | -163.00K | -163.00K | -111.00K | |||
| Other Unusual Items | 1.53M | 2.44M | ||||
| Pretax Income | -3.17M | -1.58M | -1.87M | -4.19M | -220.00K | 4.78M |
| Income Tax Expense | -13.00K | 3.00K | 24.00K | -14.00K | 4.00K | 28.00K |
| Net Income | 10.02M | -1.58M | -1.90M | -4.18M | -224.00K | 4.75M |
| Net Income to Common | 10.02M | -1.58M | -1.90M | -4.18M | -224.00K | 4.75M |
| Shares Outstanding (Basic) | 6.90M | 6.88M | 6.82M | 6.79M | 6.73M | 6.69M |
| Shares Outstanding (Diluted) | 6.90M | 6.88M | 6.82M | 6.79M | 6.73M | 6.70M |
| EPS (Basic) | 1.45 | -0.23 | -0.28 | -0.62 | -0.03 | 0.71 |
| EPS (Diluted) | 1.45 | -0.23 | -0.28 | -0.62 | -0.03 | 0.71 |
| Free Cash Flow | 464.00K | -3.73M | -1.59M | -624.00K | -471.00K | -4.51M |
| Free Cash Flow Per Share | 0.07 | -0.54 | -0.23 | -0.09 | -0.07 | -0.67 |
| Gross Margin | 27.61% | 28.26% | 22.52% | 21.03% | 25.67% | 18.71% |
| Operating Margin | -17.42% | -6.78% | -11.66% | -19.11% | -7.06% | -28.36% |
| Profit Margin | 50.48% | -6.15% | -7.06% | -17.34% | -0.87% | 28.86% |
| Free Cash Flow Margin | 2.34% | -14.45% | -5.93% | -2.59% | -1.82% | -27.41% |
| EBITDA | -2.86M | -1.06M | -2.45M | -3.82M | -956.00K | -3.92M |
| EBITDA Margin | -14.41% | -4.13% | -9.11% | -15.83% | -3.70% | -23.85% |
| D&A For EBITDA | 597.00K | 683.00K | 684.00K | 792.00K | 867.00K | 742.00K |
| EBIT | -3.46M | -1.75M | -3.13M | -4.61M | -1.82M | -4.66M |
| EBIT Margin | -17.42% | -6.78% | -11.66% | -19.11% | -7.06% | -28.36% |
| Effective Tax Rate | 0.59% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 23.48M | 8.73M | 12.60M | 14.03M | 14.37M | 16.65M |
| Cash & Short-Term Investments | 23.48M | 8.73M | 12.60M | 14.03M | 14.37M | 16.65M |
| Accounts Receivable | 3.17M | 5.71M | 4.38M | 3.51M | 5.96M | 3.98M |
| Other Receivables | 716.00K | |||||
| Receivables | 3.17M | 5.71M | 4.38M | 3.51M | 5.96M | 4.70M |
| Inventory | 247.00K | 1.57M | 2.12M | 4.45M | 2.54M | 1.23M |
| Other Current Assets | 1.25M | 877.00K | 898.00K | 852.00K | 797.00K | 494.00K |
| Total Current Assets | 28.15M | 16.88M | 19.99M | 22.84M | 23.66M | 23.07M |
| Property, Plant & Equipment | 10.28M | 10.57M | 11.70M | 12.17M | 12.60M | 12.26M |
| Other Intangible Assets | 119.00K | 183.00K | ||||
| Long-Term Accounts Receivable | 1.53M | |||||
| Other Long-Term Assets | 99.00K | 52.00K | 1.00K | 18.00K | 10.00K | 10.00K |
| Total Assets | 38.52M | 27.51M | 31.69M | 35.02M | 37.91M | 35.52M |
| Accounts Payable | 155.00K | 642.00K | 679.00K | 1.20M | 1.45M | 1.16M |
| Accrued Expenses | 1.06M | 1.19M | 2.24M | 1.76M | 2.59M | 1.76M |
| Current Portion of Long-Term Debt | 181.00K | 87.00K | 81.00K | 77.00K | 1.77M | |
| Current Unearned Revenue | 541.00K | 773.00K | 3.13M | 5.50M | 4.04M | 1.65M |
| Total Current Liabilities | 2.44M | 2.78M | 6.14M | 8.55M | 8.16M | 6.34M |
| Long-Term Debt | 181.00K | 268.00K | 349.00K | |||
| Other Long-Term Liabilities | 30.00K | |||||
| Total Liabilities | 2.47M | 2.78M | 6.32M | 8.82M | 8.51M | 6.34M |
| Common Stock | 69.00K | 69.00K | 69.00K | 68.00K | 67.00K | 67.00K |
| Additional Paid-In Capital | 31.12M | 30.70M | 29.76M | 28.70M | 27.71M | 27.28M |
| Retained Earnings | 4.86M | -6.04M | -4.46M | -2.56M | 1.62M | 1.84M |
| Shareholders' Equity | 36.05M | 24.73M | 25.37M | 26.20M | 29.40M | 29.19M |
| Total Liabilities & Equity | 38.52M | 27.51M | 31.69M | 35.02M | 37.91M | 35.52M |
| Total Debt | 181.00K | 268.00K | 349.00K | 426.00K | 1.77M | |
| Net Cash (Debt) | 23.48M | 8.55M | 12.33M | 13.68M | 13.94M | 14.88M |
| Net Cash Per Share | 3.40 | 1.24 | 1.81 | 2.01 | 2.07 | 2.22 |
| Filing Date Shares Outstanding | 6.95M | 6.94M | 6.88M | 6.82M | 6.78M | 6.73M |
| Total Common Shares Outstanding | 6.95M | 6.94M | 6.88M | 6.82M | 6.76M | 6.72M |
| Working Capital | 25.70M | 14.10M | 13.85M | 14.29M | 15.49M | 16.73M |
| Book Value Per Share | 5.19 | 3.56 | 3.69 | 3.84 | 4.35 | 4.34 |
| Tangible Book Value | 36.05M | 24.73M | 25.37M | 26.20M | 29.28M | 29.00M |
| Tangible Book Value Per Share | 5.19 | 3.56 | 3.69 | 3.84 | 4.33 | 4.31 |
| Land | 2.22M | 2.22M | 2.22M | 2.22M | 2.22M | |
| Buildings | 12.90M | 12.90M | 12.80M | 12.53M | 12.48M | |
| Machinery | 3.88M | 7.18M | 7.54M | 7.81M | 6.88M | |
| Construction In Progress | 181.00K | 17.00K | 167.00K | 12.00K | 127.00K | |
| Order Backlog | 6.60M | 19.40M | 18.40M | 17.80M | 10.40M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 10.02M | -1.58M | -1.90M | -4.18M | -224.00K | 4.75M |
| Depreciation & Amortization | 597.00K | 683.00K | 684.00K | 792.00K | 867.00K | 742.00K |
| Loss (Gain) From Sale of Assets | -46.00K | -717.00K | 162.00K | -6.89M | ||
| Asset Writedown & Restructuring Costs | 163.00K | 163.00K | 111.00K | |||
| Stock-Based Compensation | 850.00K | 942.00K | 1.06M | 908.00K | 435.00K | 315.00K |
| Provision & Write-off of Bad Debts | -4.00K | -18.00K | 13.00K | |||
| Other Operating Activities | 1.57M | 387.00K | -2.44M | |||
| Change in Accounts Receivable | 3.84M | -1.31M | -878.00K | 2.41M | -1.97M | -2.44M |
| Change in Inventory | 954.00K | 365.00K | 646.00K | -2.31M | -1.31M | -101.00K |
| Change in Accounts Payable | -594.00K | -37.00K | -524.00K | -154.00K | 293.00K | 343.00K |
| Change in Unearned Revenue | -1.30M | -2.36M | -1.77M | 866.00K | 2.39M | 864.00K |
| Change in Income Taxes | 716.00K | |||||
| Change in Other Net Operating Assets | -504.00K | -517.00K | 322.00K | 803.00K | -998.00K | 597.00K |
| Operating Cash Flow | 477.00K | -3.68M | -1.49M | -206.00K | 194.00K | -4.27M |
| Capital Expenditures | -13.00K | -48.00K | -106.00K | -418.00K | -665.00K | -236.00K |
| Sale of Property, Plant & Equipment | 556.00K | 250.00K | 597.00K | 10.00K | 23.08M | |
| Divestitures | 15.71M | -312.00K | ||||
| Sale (Purchase) of Intangibles | -53.00K | |||||
| Investment in Securities | -50.00K | -51.00K | ||||
| Investing Cash Flow | 16.21M | -99.00K | 144.00K | -133.00K | -708.00K | 22.84M |
| Long-Term Debt Repaid | -87.00K | -82.00K | -77.00K | -1.77M | -9.62M | |
| Net Debt Issued (Repaid) | -225.00K | -87.00K | -82.00K | -77.00K | -1.77M | -9.62M |
| Issuance of Common Stock | 76.00K | |||||
| Financing Cash Flow | -225.00K | -87.00K | -82.00K | -1.00K | -1.77M | -9.62M |
| Net Cash Flow | 16.46M | -3.86M | -1.43M | -340.00K | -2.29M | 8.95M |
| Free Cash Flow | 464.00K | -3.73M | -1.59M | -624.00K | -471.00K | -4.51M |
| Free Cash Flow Margin | 2.34% | -14.45% | -5.93% | -2.59% | -1.82% | -27.41% |
| Free Cash Flow Per Share | 0.07 | -0.54 | -0.23 | -0.09 | -0.07 | -0.67 |
| Levered Free Cash Flow | 4.00M | -3.73M | -1.32M | -749.38K | 82.62K | -3.03M |
| Unlevered Free Cash Flow | 4.00M | -3.72M | -1.31M | -735.00K | 87.62K | -2.87M |
| Cash Interest Paid | 9.00K | 13.00K | 19.00K | 24.00K | 8.00K | 261.00K |
| Cash Income Tax Paid | 14.00K | 27.00K | 3.00K | 8.00K | 1.00K | 28.00K |
| Change in Working Capital | 2.40M | -3.86M | -2.21M | 1.61M | -884.00K | -740.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 26.76M | 21.44M | 30.28M | 30.23M | 37.25M | 27.62M |
| Enterprise Value | 3.28M | 13.28M | 20.56M | 16.32M | 25.81M | 12.01M |
| Last Close Price | 3.92 | 3.09 | 4.40 | 4.43 | 5.51 | 4.13 |
| PE Ratio | 2.65 | 5.82 | ||||
| Forward PE | 47.07 | 47.07 | 47.07 | 47.07 | 47.07 | |
| PS Ratio | 1.37 | 0.83 | 1.13 | 1.25 | 1.44 | 1.68 |
| PB Ratio | 0.75 | 0.87 | 1.19 | 1.15 | 1.27 | 0.95 |
| P/TBV Ratio | 0.75 | 0.87 | 1.19 | 1.15 | 1.27 | 0.95 |
| P/OCF Ratio | 57.05 | 192.03 | ||||
| EV/Sales Ratio | 0.19 | 0.52 | 0.77 | 0.68 | 1.00 | 0.73 |
| Debt / Equity Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.06 | |
| Net Debt / Equity Ratio | -0.65 | -0.35 | -0.49 | -0.52 | -0.47 | -0.51 |
| Net Debt / EBITDA Ratio | 8.21 | 8.04 | 5.04 | 3.58 | 14.58 | 3.79 |
| Net Debt / FCF Ratio | -50.61 | 2.29 | 7.73 | 21.92 | 29.59 | 3.30 |
| Asset Turnover | 0.58 | 0.87 | 0.81 | 0.66 | 0.70 | 0.43 |
| Inventory Turnover | 11.16 | 10.04 | 6.34 | 5.45 | 10.20 | 11.38 |
| Quick Ratio | 10.90 | 5.19 | 2.77 | 2.05 | 2.49 | 3.37 |
| Current Ratio | 11.52 | 6.07 | 3.26 | 2.67 | 2.90 | 3.64 |
| Return on Equity (ROE) | -10.32% | -6.33% | -7.36% | -15.04% | -0.77% | 17.81% |
| Return on Assets (ROA) | -6.31% | -3.69% | -5.87% | -7.90% | -3.10% | -7.62% |
| Return on Invested Capital (ROIC) | -25.00% | -11.96% | -24.51% | -32.93% | -12.25% | -20.83% |
| Return on Capital Employed (ROCE) | -9.60% | -7.10% | -12.30% | -17.40% | -6.10% | -16.00% |
| Earnings Yield | 37.69% | -7.39% | -6.27% | -13.83% | -0.60% | 17.19% |
| FCF Yield | 1.70% | -17.38% | -5.27% | -2.06% | -1.26% | -16.33% |
| Buyback Yield / Dilution | -0.83% | -0.76% | -0.52% | -0.80% | -0.45% | -0.96% |