BANLNasdaqWholesale-Petroleum & Petroleum Products (No Bulk Stations)Fiscal year ends December 31
CBL International Ltd
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 17, 2026
$3.03−0.36 (-10.62%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2020 to 2025
Gross margin
0.8%
Operating margin
-0.5%
Net margin
-0.6%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -9.1% | +5.2% | – | – | |
| Gross profit | -16.8% | -21.2% | – | – | |
| Free cash flow | – | +8.5% | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -14.0% | |
| Return on assets | – | – | -4.1% | |
| Current ratio | – | – | 1.35 | |
| Interest coverage | – | – | -3.3× | |
| Capex to revenue | – | – | 0.0% | |
| Diluted shares | – | – | 28M |
Where the cash went
Fiscal 2021 to 2025, five years combined
CBL International generated $21.98M from operations and spent $1.36M on capital expenditure, dividends and share buybacks. 96% of that went back into the business.
Generated
$21.98M
Used
$1.36M
Capital expenditure$1.31M96%Dividends$00%Share buybacks$49.38K4%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-0.6%
×Asset turnover7.43×
×Equity multiplier3.39×
=Return on equity, FY2025-14.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -0.6% | 7.43× | 3.39× | -14.0% |
| FY2024 | -0.7% | 9.65× | 2.55× | -16.1% |
| FY2023 | 0.3% | 11.03× | 2.11× | 6.1% |
| FY2022 | 0.8% | 17.60× | 2.56× | 35.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
3of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$2.99M
- Cash generatingOperating cash flow above zero$4.00M
- Return on assets improvedROA up on the prior year-7.2% → -4.3%
- Earnings backed by cashOperating cash flow above net income$4.00M vs -$2.99M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.47 → 1.35
- No dilutionShare count did not rise28M → 28M
- Gross margin improvedGross margin up on the prior year0.91% → 0.83%
- More efficientAsset turnover rose11.08 → 7.77