CODANasdaqSearch, Detection, Navigation, Guidance, Aeronautical SysFiscal year ends October 31
Coda Octopus Group, Inc.
Financials through Q3 FY2026, quarter ended Jul 31, 2026Last filing: 10-Q on Sep 14, 2026
$9.82−0.11 (-1.11%)
Close on Oct 19, 2026
- Market cap
- $110.96M
- P/E (TTM)
- 22.3
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2008 to 2025
Gross margin
66.5%+3.0 pts over 5 years
Operating margin
17.1%+3.1 pts over 5 years
Net margin
15.5%−1.1 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 | +30.7% | +6.1% | +5.8% | – | |
| Gross profit | +24.6% | +5.2% | +6.8% | – | |
| Operating income | +26.6% | -3.2% | +10.1% | – | |
| Net income | +13.3% | -1.3% | +4.3% | – | |
| EPS, diluted | +15.6% | -0.9% | +4.3% | – | |
| Free cash flow | +209.9% | -1.2% | +10.9% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 68.4% | 10.3% | 7.4% | |
| Return on assets | – | 9.2% | 6.8% | |
| Current ratio | 4.33 | 8.18 | 8.86 | |
| Debt to equity | 0.99 | 0.00 | – | |
| Net debt to EBITDA | 0.70× | -4.17× | – | |
| Interest coverage | -6.5× | – | – | |
| Inventory turnover | – | 1.0× | 0.6× | |
| Capex to revenue | 2.9% | 4.2% | 4.4% | |
| Diluted shares | 8M | 11M | 11M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Coda Octopus generated $22.05M from operations and spent $5.05M on capital expenditure, dividends and share buybacks. 99% of that went back into the business.
Generated
$22.05M
Used
$5.05M
Capital expenditure$5.01M99%Dividends$00%Share buybacks$33.60K1%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin15.5%
×Asset turnover0.44×
×Equity multiplier1.10×
=Return on equity, FY20257.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 15.5% | 0.44× | 1.10× | 7.4% |
| FY2024 | 17.9% | 0.37× | 1.08× | 7.2% |
| FY2023 | 16.1% | 0.39× | 1.08× | 6.8% |
| FY2022 | 19.4% | 0.48× | 1.09× | 10.2% |
| FY2021 | 23.2% | 0.51× | 1.11× | 13.1% |
| FY2020 | 16.7% | 0.55× | 1.12× | 10.3% |
| FY2019 | 20.9% | 0.79× | 1.15× | 19.0% |
| FY2018 | 27.7% | 0.68× | 1.38× | 26.1% |
| FY2017 | 18.5% | 0.77× | 1.96× | 27.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$4.13M
- Cash generatingOperating cash flow above zero$7.21M
- Return on assets improvedROA up on the prior year7.0% → 7.2%
- Earnings backed by cashOperating cash flow above net income$7.21M vs $4.13M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose11.03 → 8.86
- No dilutionShare count did not rise11M → 11M
- Gross margin improvedGross margin up on the prior year69.76% → 66.49%
- More efficientAsset turnover rose0.39 → 0.46