CVVNasdaqSpecial Industry Machinery, NECFiscal year ends December 31
CVD EQUIPMENT CORP
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 12, 2026
$3.70−0.17 (-4.39%)
Close on Oct 19, 2026
- Market cap
- $25.63M
- P/E (TTM)
- 2.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
28.3%+11.2 pts over 5 years
Operating margin
-7.4%+38.8 pts over 5 years
Net margin
-6.1%+29.8 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 | -4.1% | -0.0% | +8.8% | -4.0% | |
| Gross profit | +20.4% | +3.2% | +20.4% | -7.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -0.4% | -22.5% | -6.3% | |
| Return on assets | -0.3% | -13.9% | -5.4% | |
| Current ratio | 3.41 | 3.18 | 6.06 | |
| Debt to equity | 0.10 | 0.54 | – | |
| Net debt to EBITDA | -206.66× | -0.84× | – | |
| Interest coverage | -9.1× | -17.6× | -146.9× | |
| Inventory turnover | 4.4× | 9.9× | 15.4× | |
| Capex to revenue | 0.5% | 9.3% | 0.2% | |
| Diluted shares | 6M | 7M | 7M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Cvd Equipment generated $9.84M from operations and spent $1.47M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$9.84M
Used
$1.47M
Capital expenditure$1.47M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-6.1%
×Asset turnover0.87×
×Equity multiplier1.18×
=Return on equity, FY2025-6.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -6.1% | 0.87× | 1.18× | -6.3% |
| FY2024 | -7.1% | 0.81× | 1.29× | -7.4% |
| FY2023 | -17.3% | 0.66× | 1.31× | -15.0% |
| FY2022 | -0.9% | 0.70× | 1.25× | -0.8% |
| FY2021 | 28.9% | 0.43× | 1.43× | 17.8% |
| FY2020 | -35.9% | 0.39× | 1.62× | -22.5% |
| FY2019 | -32.2% | 0.40× | 1.50× | -19.3% |
| FY2018 | -21.4% | 0.44× | 1.46× | -13.7% |
| FY2017 | 12.8% | 0.79× | 1.41× | 14.2% |
| FY2016 | -0.7% | 0.48× | 1.28× | -0.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$1.59M
- Cash generatingOperating cash flow above zero-$3.68M
- Return on assets improvedROA up on the prior year-5.4% → -5.0%
- Earnings backed by cashOperating cash flow above net income-$3.68M vs -$1.59M
- Less leverageLong-term debt to assets fell0.6% → –
- Better liquidityCurrent ratio rose3.26 → 6.06
- No dilutionShare count did not rise7M → 7M
- Gross margin improvedGross margin up on the prior year22.51% → 28.26%
- More efficientAsset turnover rose0.77 → 0.81