NYSEAMERICAN : CVU
CPI Aerostructures, Inc. — Financial statements
Industrials · Aerospace & Defense · United States
Last price 4.81 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 63.73M
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Financial statements
CPI Aerostructures, Inc. (CVU) reported revenue of 73.62M 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 | 73.62M | 69.26M | 81.08M | 86.47M | 83.34M | 103.37M |
| Cost of Revenue | 57.03M | 58.71M | 63.84M | 69.40M | 67.03M | 88.36M |
| Gross Profit | 16.59M | 10.56M | 17.24M | 17.07M | 16.30M | 15.01M |
| Selling, General & Admin | 10.57M | 10.73M | 10.51M | 10.76M | 11.41M | 11.82M |
| Operating Expenses | 10.57M | 10.73M | 10.51M | 10.76M | 11.41M | 11.82M |
| Operating Income | 6.03M | -176.38K | 6.73M | 6.31M | 4.89M | 3.18M |
| Interest Expense | -1.40M | -1.57M | -2.29M | -2.46M | -2.27M | -1.14M |
| Other Non Operating Income (Expenses) | 23.39K | |||||
| EBT Excluding Unusual Items | 4.65M | -1.74M | 4.44M | 3.85M | 2.62M | 2.04M |
| Other Unusual Items | 4.79M | |||||
| Pretax Income | 4.65M | -1.74M | 4.44M | 3.85M | 2.62M | 6.83M |
| Income Tax Expense | 924.44K | -900.86K | 1.14M | -13.35M | -6.55M | 14.61K |
| Net Income | 3.73M | -843.36K | 3.30M | 17.20M | 9.18M | 6.82M |
| Net Income to Common | 3.73M | -843.36K | 3.30M | 17.20M | 9.18M | 6.82M |
| Shares Outstanding (Basic) | 12.87M | 12.79M | 12.59M | 12.31M | 12.39M | 12.19M |
| Shares Outstanding (Diluted) | 12.95M | 12.79M | 12.71M | 12.47M | 12.39M | 12.19M |
| EPS (Basic) | 0.29 | -0.07 | 0.26 | 1.40 | 0.74 | 0.56 |
| EPS (Diluted) | 0.29 | -0.07 | 0.26 | 1.38 | 0.74 | 0.56 |
| Free Cash Flow | -2.37M | -5.27M | 3.16M | 3.79M | 903.54K | 2.77M |
| Free Cash Flow Per Share | -0.18 | -0.41 | 0.25 | 0.30 | 0.07 | 0.23 |
| Gross Margin | 22.54% | 15.24% | 21.26% | 19.74% | 19.56% | 14.52% |
| Operating Margin | 8.19% | -0.26% | 8.30% | 7.29% | 5.87% | 3.08% |
| Profit Margin | 5.06% | -1.22% | 4.07% | 19.89% | 11.01% | 6.60% |
| Free Cash Flow Margin | -3.22% | -7.60% | 3.89% | 4.38% | 1.08% | 2.68% |
| EBITDA | 6.33M | 244.00K | 7.16M | 6.78M | 5.58M | 4.21M |
| EBITDA Margin | 8.59% | 0.35% | 8.83% | 7.84% | 6.70% | 4.07% |
| D&A For EBITDA | 299.16K | 420.39K | 430.01K | 470.95K | 688.10K | 1.03M |
| EBIT | 6.03M | -176.38K | 6.73M | 6.31M | 4.89M | 3.18M |
| EBIT Margin | 8.19% | -0.26% | 8.30% | 7.29% | 5.87% | 3.08% |
| Effective Tax Rate | 19.87% | 25.74% | 0.21% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 835.88K | 899.20K | 5.49M | 5.09M | 3.85M | 6.31M |
| Cash & Short-Term Investments | 835.88K | 899.20K | 5.49M | 5.09M | 3.85M | 6.31M |
| Accounts Receivable | 44.12M | 39.44M | 36.55M | 39.66M | 32.24M | 29.43M |
| Other Receivables | 3.64M | 2.89M | ||||
| Receivables | 44.12M | 39.44M | 36.55M | 39.66M | 35.88M | 32.32M |
| Inventory | 620.27K | 800.82K | 918.29K | 1.44M | 2.49M | 4.03M |
| Prepaid Expenses | 2.10M | 2.27M | 634.53K | 718.03K | 975.83K | 625.08K |
| Total Current Assets | 47.68M | 43.41M | 43.59M | 46.91M | 43.20M | 43.28M |
| Property, Plant & Equipment | 9.29M | 9.93M | 3.62M | 5.53M | 7.65M | 9.44M |
| Goodwill | 1.78M | 1.78M | 1.78M | 1.78M | 1.78M | 1.78M |
| Other Intangible Assets | 125.00K | |||||
| Long-Term Deferred Tax Assets | 19.47M | 19.89M | 18.84M | 19.94M | 6.57M | |
| Long-Term Deferred Charges | 109.45K | 121.61K | 82.00K | 131.00K | ||
| Other Long-Term Assets | 376.93K | 108.08K | 143.62K | 107.77K | 107.74K | 372.74K |
| Total Assets | 78.71M | 75.24M | 67.98M | 74.36M | 59.45M | 55.01M |
| Accounts Payable | 16.04M | 14.72M | 11.10M | 10.49M | 8.03M | 10.43M |
| Accrued Expenses | 3.04M | 4.76M | 7.92M | 10.28M | 7.34M | 6.10M |
| Current Portion of Long-Term Debt | 250.00K | 187.50K | 2.75M | 2.40M | 2.78M | 3.15M |
| Current Portion of Leases | 1.53M | 1.43M | 2.19M | 2.04M | 1.95M | 1.80M |
| Current Income Taxes Payable | 230.31K | 142.54K | 58.21K | 30.11K | 11.40K | 5.17K |
| Current Unearned Revenue | 2.97M | 1.63M | 2.43M | 5.94M | 6.00M | 5.12M |
| Other Current Liabilities | 126.68K | 138.43K | 22.83K | 337.35K | 4.18M | 4.50M |
| Total Current Liabilities | 24.19M | 23.02M | 26.47M | 31.51M | 30.30M | 31.10M |
| Long-Term Debt | 18.75M | 18.06M | 14.64M | 17.64M | 19.80M | 22.58M |
| Long-Term Leases | 7.66M | 8.35M | 938.42K | 3.13M | 5.15M | 6.65M |
| Total Liabilities | 50.60M | 49.44M | 42.05M | 52.28M | 55.25M | 60.34M |
| Common Stock | 13.23K | 13.15K | 12.98K | 12.77K | 12.51K | 12.34K |
| Additional Paid-In Capital | 75.52M | 75.14M | 74.42M | 73.87M | 73.19M | 72.83M |
| Retained Earnings | -47.43M | -49.35M | -48.50M | -51.80M | -69.00M | -78.18M |
| Shareholders' Equity | 28.11M | 25.81M | 25.93M | 22.08M | 4.20M | -5.34M |
| Total Liabilities & Equity | 78.71M | 75.24M | 67.98M | 74.36M | 59.45M | 55.01M |
| Total Debt | 28.19M | 28.04M | 20.52M | 25.21M | 29.69M | 34.18M |
| Net Cash (Debt) | -27.36M | -27.14M | -15.03M | -20.12M | -25.84M | -27.87M |
| Net Cash Per Share | -2.11 | -2.12 | -1.18 | -1.61 | -2.09 | -2.29 |
| Filing Date Shares Outstanding | 13.25M | 13.21M | 13.03M | 12.85M | 12.57M | 12.34M |
| Total Common Shares Outstanding | 13.23M | 13.16M | 12.98M | 12.77M | 12.51M | 12.34M |
| Working Capital | 23.49M | 20.39M | 17.12M | 15.40M | 12.90M | 12.18M |
| Book Value Per Share | 2.13 | 1.96 | 2.00 | 1.73 | 0.34 | -0.43 |
| Tangible Book Value | 26.33M | 24.02M | 24.15M | 20.30M | 2.41M | -7.24M |
| Tangible Book Value Per Share | 1.99 | 1.83 | 1.86 | 1.59 | 0.19 | -0.59 |
| Machinery | 722.51K | 722.51K | 722.51K | 722.51K | 7.25M | |
| Leasehold Improvements | 2.70M | 2.70M | 2.69M | 2.63M | 2.59M | |
| Order Backlog | 504.52M | 510.27M | 513.35M | 514.50M | 501.72M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 3.73M | -843.36K | 3.30M | 17.20M | 9.18M | 6.82M |
| Depreciation & Amortization | 210.52K | 420.39K | 430.01K | 470.95K | 688.10K | 1.03M |
| Other Amortization | 88.92K | 75.26K | 46.16K | 103.30K | 134.00K | 49.64K |
| Stock-Based Compensation | 699.29K | 806.61K | 604.68K | 770.63K | 355.88K | 828.29K |
| Provision & Write-off of Bad Debts | 101.82K | -69.36K | 144.56K | 72.10K | 127.41K | |
| Other Operating Activities | 680.12K | -1.06M | 1.10M | -13.36M | -6.57M | -4.85M |
| Change in Accounts Receivable | -7.14M | -2.82M | 2.97M | -7.42M | -2.89M | -4.86M |
| Change in Inventory | 404.90K | 117.47K | 518.36K | 1.06M | 1.54M | 2.36M |
| Change in Accounts Payable | -1.04M | 380.04K | -1.73M | 5.11M | -1.16M | -1.50M |
| Change in Unearned Revenue | 1.07M | -802.28K | -3.51M | -64.10K | 878.96K | 3.47M |
| Change in Income Taxes | 227.96K | 84.33K | 28.10K | 18.71K | 6.23K | 4.22K |
| Change in Other Net Operating Assets | -1.34M | -1.49M | -346.09K | 49.62K | -1.28M | -681.70K |
| Operating Cash Flow | -2.31M | -5.20M | 3.56M | 3.93M | 944.33K | 2.80M |
| Capital Expenditures | -62.64K | -65.04K | -403.85K | -140.45K | -40.79K | -29.19K |
| Investing Cash Flow | -62.64K | -65.04K | -403.85K | -140.45K | -40.79K | -29.19K |
| Long-Term Debt Issued | 18.37M | 511.31K | ||||
| Total Debt Issued | 19.17M | 18.37M | 511.31K | |||
| Long-Term Debt Repaid | -17.42M | -2.69M | -2.68M | -3.37M | -3.01M | |
| Total Debt Repaid | -16.21M | -17.42M | -2.69M | -2.68M | -3.37M | -3.01M |
| Net Debt Issued (Repaid) | 2.96M | 957.19K | -2.69M | -2.68M | -3.37M | -2.49M |
| Other Financing Activities | -428.46K | -283.89K | -64.41K | 139.44K | ||
| Financing Cash Flow | 2.53M | 673.30K | -2.76M | -2.54M | -3.37M | -2.49M |
| Net Cash Flow | 161.39K | -4.59M | 396.17K | 1.25M | -2.46M | 275.33K |
| Free Cash Flow | -2.37M | -5.27M | 3.16M | 3.79M | 903.54K | 2.77M |
| Free Cash Flow Margin | -3.22% | -7.60% | 3.89% | 4.38% | 1.08% | 2.68% |
| Free Cash Flow Per Share | -0.18 | -0.41 | 0.25 | 0.30 | 0.07 | 0.23 |
| Levered Free Cash Flow | -3.84M | -4.39M | 1.64M | 2.65M | -197.79K | 2.30M |
| Unlevered Free Cash Flow | -3.05M | -3.49M | 3.02M | 4.08M | 1.09M | 2.97M |
| Cash Interest Paid | 1.55M | 1.93M | 2.36M | 2.45M | 1.79M | 1.14M |
| Cash Income Tax Paid | 70.48K | 71.47K | 5.48K | 4.36K | 25.29K | 10.39K |
| Change in Working Capital | -7.82M | -4.53M | -2.07M | -1.25M | -2.91M | -1.21M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 63.73M | 52.21M | 52.65M | 34.60M | 39.63M | 33.71M |
| Enterprise Value | 91.09M | 77.69M | 72.71M | 58.42M | 65.77M | 69.90M |
| Last Close Price | 4.81 | 3.96 | 4.05 | 2.73 | 3.20 | 2.73 |
| PE Ratio | 16.68 | 15.96 | 2.01 | 4.32 | 4.94 | |
| Forward PE | 7.16 | 7.16 | 7.16 | 7.16 | 7.18 | |
| PS Ratio | 0.87 | 0.75 | 0.65 | 0.40 | 0.48 | 0.33 |
| PB Ratio | 2.26 | 2.02 | 2.03 | 1.57 | 9.44 | -6.32 |
| P/TBV Ratio | 2.42 | 2.17 | 2.18 | 1.70 | 16.42 | |
| P/FCF Ratio | 16.69 | 9.13 | 43.86 | 12.17 | ||
| P/OCF Ratio | 14.79 | 8.81 | 41.96 | 12.04 | ||
| PEG Ratio | 0.60 | 0.60 | 0.60 | 0.60 | 0.60 | |
| EV/Sales Ratio | 1.24 | 1.12 | 0.90 | 0.68 | 0.79 | 0.68 |
| EV/EBITDA Ratio | 14.40 | 318.39 | 10.15 | 8.62 | 11.78 | 16.60 |
| EV/EBIT Ratio | 15.12 | 10.80 | 9.26 | 13.44 | 21.97 | |
| EV/FCF Ratio | 23.05 | 15.42 | 72.79 | 25.24 | ||
| Debt / Equity Ratio | 1.00 | 1.09 | 0.79 | 1.14 | 7.07 | -6.41 |
| Debt / EBITDA Ratio | 3.24 | 10.69 | 2.21 | 2.83 | 3.86 | 5.62 |
| Debt / FCF Ratio | 6.50 | 6.66 | 32.85 | 12.34 | ||
| Net Debt / Equity Ratio | 0.97 | 1.05 | 0.58 | 0.91 | 6.16 | -5.22 |
| Net Debt / EBITDA Ratio | 4.33 | 111.23 | 2.10 | 2.97 | 4.63 | 6.62 |
| Net Debt / FCF Ratio | -11.54 | -5.16 | 4.76 | 5.31 | 28.60 | 10.06 |
| Asset Turnover | 0.97 | 0.97 | 1.14 | 1.29 | 1.46 | 2.04 |
| Inventory Turnover | 69.32 | 68.30 | 54.22 | 35.32 | 20.56 | 16.97 |
| Quick Ratio | 1.86 | 1.75 | 1.59 | 1.42 | 1.31 | 1.24 |
| Current Ratio | 1.97 | 1.89 | 1.65 | 1.49 | 1.43 | 1.39 |
| Return on Equity (ROE) | 14.37% | -3.26% | 13.74% | 130.91% | ||
| Return on Assets (ROA) | 4.99% | -0.15% | 5.91% | 5.89% | 5.34% | 3.92% |
| Return on Invested Capital (ROIC) | 8.76% | -0.38% | 12.02% | 17.46% | 18.15% | 15.72% |
| Return on Capital Employed (ROCE) | 11.10% | -0.30% | 16.20% | 14.70% | 16.80% | 13.30% |
| Earnings Yield | 6.00% | -1.62% | 6.27% | 49.72% | 23.16% | 20.23% |
| FCF Yield | -3.72% | -10.08% | 5.99% | 10.95% | 2.28% | 8.22% |
| Buyback Yield / Dilution | -2.00% | -0.63% | -1.90% | -0.66% | -1.61% | -2.60% |