CNEYNasdaqIndustrial Organic ChemicalsFiscal year ends September 30
CN ENERGY GROUP. INC.
Financials through fiscal 2025, year ended Sep 30, 2025Last filing: 20-F on Jan 30, 2026
$0.40−0.01 (-2.46%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
1.8%−25.1 pts over 5 years
Operating margin
-30.9%−46.9 pts over 5 years
Net margin
-31.3%−50.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -30.2% | -4.0% | +23.3% | – | |
| Gross profit | – | -43.8% | -28.1% | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 11.4% | -11.2% | |
| Return on assets | – | – | -10.8% | |
| Current ratio | – | 1.91 | 13.90 | |
| Debt to equity | – | – | – | |
| Net debt to EBITDA | – | – | – | |
| Interest coverage | – | – | -65.3× | |
| Inventory turnover | – | – | 10.0× | |
| Capex to revenue | – | 0.1% | 0.0% | |
| Diluted shares | – | 0M | 2M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Cn Energy generated $53.62M from operations and spent $3.61M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$53.62M
Used
$3.61M
Capital expenditure$3.61M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-31.3%
×Asset turnover0.35×
×Equity multiplier1.03×
=Return on equity, FY2025-11.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -31.3% | 0.35× | 1.03× | -11.2% |
| FY2024 | -27.6% | 0.45× | 1.12× | -14.0% |
| FY2023 | -9.7% | 0.52× | 1.32× | -6.7% |
| FY2022 | 5.5% | 0.49× | 1.30× | 3.5% |
| FY2021 | 6.5% | 0.40× | 1.17× | 3.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$11.14M
- Cash generatingOperating cash flow above zero-$1.97M
- Return on assets improvedROA up on the prior year-11.1% → -11.3%
- Earnings backed by cashOperating cash flow above net income-$1.97M vs -$11.14M
- Less leverageLong-term debt to assets fell0.0% → –
- Better liquidityCurrent ratio rose42.41 → 13.90
- No dilutionShare count did not rise0M → 2M
- Gross margin improvedGross margin up on the prior year-0.36% → 1.82%
- More efficientAsset turnover rose0.40 → 0.36