PMTSNasdaqCommercial PrintingFiscal year ends December 31
CPI Card Group Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$25.89+1.07 (+4.31%)
Close on Oct 19, 2026
- Market cap
- $311.71M
- P/E (TTM)
- 22.5
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2012 to 2025
Gross margin
31.3%−4.0 pts over 5 years
Operating margin
10.1%−2.2 pts over 5 years
Net margin
2.8%−2.4 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 | +13.1% | +4.5% | +11.7% | +3.8% | |
| Gross profit | -0.7% | -1.1% | +9.0% | +2.3% | |
| Operating income | -12.7% | -11.5% | +7.4% | -2.1% | |
| Net income | -23.4% | -25.8% | -1.5% | -7.0% | |
| EPS, diluted | -23.8% | -26.2% | -2.8% | – | |
| Free cash flow | +21.4% | +45.3% | +22.5% | +5.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -5.9% | -11.0% | -56.5% | |
| Return on assets | 2.0% | 6.7% | 4.0% | |
| Current ratio | 2.62 | 2.68 | 2.44 | |
| Debt to equity | -3.17 | -2.44 | -16.54 | |
| Net debt to EBITDA | 5.77× | 5.05× | 3.43× | |
| Inventory turnover | 9.2× | 9.0× | 5.2× | |
| Capex to revenue | 4.6% | 2.3% | 3.3% | |
| Diluted shares | 11M | 11M | 12M |
Where the cash went
Fiscal 2021 to 2025, five years combined
CPI Card generated $188.42M from operations and spent $70.71M on capital expenditure, dividends and share buybacks. 87% of that went back into the business.
Generated
$188.42M
Used
$70.71M
Capital expenditure$61.78M87%Dividends$00%Share buybacks$8.93M13%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.8%
×Asset turnover1.44×
×Equity multiplier-14.22×
=Return on equity, FY2025-56.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 2.8% | 1.44× | -14.22× | -56.5% |
| FY2024 | 4.1% | 1.49× | -7.35× | -44.6% |
| FY2023 | 5.4% | 1.51× | -4.41× | -35.8% |
| FY2022 | 7.7% | 1.68× | -2.78× | -36.0% |
| FY2021 | 4.2% | 1.40× | -2.06× | -12.3% |
| FY2020 | 5.2% | 1.30× | -1.64× | -11.0% |
| FY2019 | -1.8% | 1.32× | -1.38× | 3.4% |
| FY2018 | -14.6% | 1.16× | -1.63× | 27.7% |
| FY2017 | -9.8% | 0.90× | -2.32× | 20.5% |
| FY2016 | 1.7% | 1.13× | -3.00× | -5.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$14.95M
- Cash generatingOperating cash flow above zero$59.50M
- Return on assets improvedROA up on the prior year6.6% → 4.3%
- Earnings backed by cashOperating cash flow above net income$59.50M vs $14.95M
- Less leverageLong-term debt to assets fell80.2% → 71.1%
- Better liquidityCurrent ratio rose2.69 → 2.44
- No dilutionShare count did not rise12M → 12M
- Gross margin improvedGross margin up on the prior year35.63% → 31.29%
- More efficientAsset turnover rose1.64 → 1.55