WPRTNasdaqEngines & TurbinesFiscal year ends December 31
WESTPORT FUEL SYSTEMS INC.
Financials through Q4 FY2025, quarter ended Dec 31, 2025Last filing: 20-F on Apr 23, 2026
$1.84+0.04 (+2.22%)
Close on Oct 19, 2026
- Market cap
- $31.95M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2010 to 2025
Gross margin
11.5%−4.2 pts over 5 years
Operating margin
-61.0%−52.3 pts over 5 years
Net margin
-264.3%−261.4 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 | -42.7% | -57.6% | -37.9% | -28.0% | |
| Gross profit | -5.7% | -58.0% | -41.6% | -39.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -124.2% | -7.6% | -59.9% | |
| Return on assets | -35.8% | -2.4% | -32.0% | |
| Current ratio | 1.34 | 1.56 | 1.93 | |
| Debt to equity | 0.93 | 0.82 | 0.04 | |
| Net debt to EBITDA | -0.16× | -2.66× | 1.80× | |
| Interest coverage | -11.7× | -2.8× | -23.2× | |
| Inventory turnover | 6.6× | 4.3× | 4.3× | |
| Capex to revenue | 5.2% | 2.8% | 11.5% | |
| Diluted shares | 9M | 14M | 17M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Westport Fuel Systems generated $138.43M from operations and spent $41.39M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$138.43M
Used
$41.39M
Capital expenditure$41.39M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-264.3%
×Asset turnover0.12×
×Equity multiplier1.87×
=Return on equity, FY2025-59.9%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -264.3% | 0.12× | 1.87× | -59.9% |
| FY2024 | -53.7% | 0.13× | 2.18× | -14.7% |
| FY2023 | -72.9% | 0.18× | 2.09× | -27.3% |
| FY2022 | -10.7% | 0.70× | 2.00× | -14.8% |
| FY2021 | 4.4% | 0.76× | 2.40× | 8.0% |
| FY2020 | -2.9% | 0.81× | 3.24× | -7.6% |
| FY2019 | 0.0% | 1.11× | 3.05× | 0.0% |
| FY2018 | -11.7% | 0.93× | 2.80× | -30.2% |
| FY2017 | -4.3% | 0.71× | 3.17× | -9.8% |
| FY2016 | -58.4% | 0.61× | 3.47× | -124.2% |
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-$61.63M
- Cash generatingOperating cash flow above zero-$14.24M
- Return on assets improvedROA up on the prior year-6.1% → -21.1%
- Earnings backed by cashOperating cash flow above net income-$14.24M vs -$61.63M
- Less leverageLong-term debt to assets fell1.0% → 0.0%
- Better liquidityCurrent ratio rose1.57 → 1.93
- No dilutionShare count did not rise17M → 17M
- Gross margin improvedGross margin up on the prior year6.99% → 11.49%
- More efficientAsset turnover rose0.11 → 0.08