Commercial Vehicle Group, Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Commercial Vehicle Group, Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	662	755	898	901	718	972	783	835	723	649
Cost of revenue	575	664	773	796	644	853	698	714	650	581
Gross profit	86.7	90.9	125	105	74.1	119	85	121	73.1	68.4
Research and development	7
Selling, general and administrative	60.5	59.5	60.7	64.5	68.2	69.4	60.2	81.2	73.9	69
Operating income	24.9	30	62.9	40.6	-23.2	49.6	24.8	39.9	-0.76	-0.66
Interest expense	19.3	19.1	14.7	16.9	20.6	11.2	9.83	10.7	9.17	13
Other non-operating income	1.24	1.94	1.31	-2.23	-0.73	0.88	-10.5	-1.2	2.2	-1.59
Pre-tax income	6.83	12.8	49.6	21.6	-44.5	32.1	4.28	28.4	-8.24	-15.7
Income tax	0.05	15.1	8.09	5.78	-7.45	8.39	20.9	-15.2	27.5	4.74
Income from continuing operations							-16.6	43.6	-35.7	-20.5
Net income to minority interests	0	0
Net income	6.79	-2.27	41.5	15.8	-37	23.7	-22	49.4	-27.9	-22.8
EBITDA	41.4	45.2	78.2	56.2	-4.68	68.1	43	57.5	16.6	14.1
EPS, basic	0.31	-0.08	1.37	0.52	-1.20	0.75	-0.68	1.50
EPS, diluted	0.31	-0.08	1.36	0.51	-1.20	0.72	-0.68	1.47
Shares, basic (weighted)	22.1	29.9	30.3	30.6	30.9	31.5	32.3	33	33.4	33.8
Shares, diluted (weighted)	22.4	29.9	30.6	30.8	30.9	32.8	32.3	33.6	33.4	33.8

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	130	52.2	70.9	39.5	50.5	35	31.8	37.8	26.6	33.3
Receivables	97.8	109	134	115	151	174	153	129	119	86.3
Inventory	71.1	99	92.4	82.9	91.2	141	143	117	128	119
Other current assets	9.94	14.8	12.1	18.5	17.7	20.2	12.6	27.7	29.8	25.2
Total current assets	309	275	309	256	311	371	340	328	303	263
Property, plant and equipment	66	64.6	64.1	73.7	62.8	63.1	67.8	68.9	68.9	66.6
Lease right-of-use assets			0	35	30	26.1	26.4	31.2	29.9	36.8
Goodwill	7.7	8.05	7.58	27.8	0
Intangible assets	15.5	14.5	12.8	25.3	21.8	18.3	14.6	6.59	3.92	3.35
Other non-current assets	1.98	2.25	2.58	3.48	3.23	5.38	9.62	6.05	7.48	47.1
Total assets	429	384	413	436	454	508	470	483	425	392
Accounts payable	60.6	86.6	86.6	63.1	112	102	122	75.2	77	74.2
Accrued liabilities	10.4	12.9	12.9	9.11	15.9	16.7	13.4	23.6	12.5	12.2
Deferred revenue						0.85
Short-term debt	0	3.19	9.1	3.26	2.43	9.38	10.9	15.3	8.44	2.37
Total current liabilities	106	124	133	107	165	162	176	145	126	108
Long-term debt	233	164	155	153	144	186	141	126	127	104
Lease liabilities			0	29.4	23.9	18.5	19.4	24.4	22.8	29.8
Other non-current liabilities	2.73	6.7	3.66	7.32	10.7	4.91	5.04	5.25	5.18	39.1
Total liabilities	361	310	303	307	359	381	350	310	289	258
Total debt	233	167	164	156	147	195	152	142	136	105
Paid-in capital	237	240	243	246	249	256	261	265	269	273
Retained earnings	-115	-115	-76	-60.3	-97.4	-73.6	-95.6	-46.2	-74.1	-96.8
Treasury stock	-7.75	-9.11	-10.2	-11.2	-11.9	-13.2	-14.5	-16.2	-16.5	-16.7
Other comprehensive income	-48.8	-41.2	-47.5	-46	-45	-42.4	-31.6	-30.3	-43.3	-26.4
Shareholders' equity	65.8	72.3	110	129	95.4	127	120	173	136	133
Total equity	67.7	74.7	110	129	95.4	127	120	173	136	133
Total liabilities and equity	429	384	413	436	454	508	470	483	425	392
Shares outstanding	22.4	30.2	30.5	30.8	31.2	32	32.8	33.3	33.7	34.2

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	6.79	-1.71	44.5	15.8	-37	23.7	-22	49.4	-27.9	-22.8
Depreciation and amortization	16.5	15.2	15.3	15.5	18.5	18.5	18.2	17.6	17.4	14.7
Stock-based compensation	2.61	2.5	3.14	2.84	3.46	6.25	5.81	3.85	3.9	3.79
Deferred income tax	-2.53	7.71	5.03	1.56	-12.1	2.07	12.5	-20.7	24	0.51
Change in receivables	25.5	-13.8	-27.4	18.8	-34.3	-23.6	19.2	18.8	10.7	34.2
Change in inventory	2.99	-25.1	4.84	9.5	-6.83	-50.3	-3.68	15	-13	11.3
Change in payables	-4.26	23.3	1.45	-24.3	48	-11.6	21.8	-44.1	2.83	-4.05
Cash from operations	49.4	2.26	41	36.7	34.4	-29.8	68.9	38.3	-33.5	44.6
Capital expenditures	-11.4	-13.5	-14.2	-24	-7.14	-17.7	-19.7	-19.7	-18.5	-10.7
Acquisitions		0	0	-34	0	0
Cash from investing	-8.9	-10.8	-14.1	-58	-6.42	-17.6	-19.7	-19.7	30.9	-10.6
Debt issued		175	0	0	0	150	30.6	0	0	95
Debt repaid	0	-2.19	-4.38	0	0	-3.75	-24.4	0	0	-0.48
Cash from financing	-0.71	-72.8	-5.84	-10.1	-19.3	31	-50.1	-12.7	-7.12	-29.2
Exchange rate effect	-1.78	3.45	-2.39	-0.06	2.3	0.84	-2.28	0.17
Net change in cash	38	-77.9	18.7	-31.4	11	-15.5	-3.13	6.02	-11.2	6.65
Free cash flow	37.9	-11.2	26.8	12.7	27.2	-47.5	49.2	18.6	-52	34
Interest paid	18.7	18.6	14	13.9	12.2	8.46	9.3	12.8	11.7	13.3
Income taxes paid	2.5	3.28	3.14	8.77	2.48	4.11	4	10.9	8.4	0.26

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $2.98 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	11.2%	Gross profit / revenue.
Operating margin	2.0%	Operating income / revenue.
EBITDA margin	4.2%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-2.4%	Pre-tax income / revenue.
Net margin	-3.4%	Net income / revenue.
FCF margin	-0.1%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	1.6%	Cash from operations / revenue.
Return on equity (ROE)	-16.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-5.1%	Net income / average total assets.
Return on invested capital (ROIC)	5.6%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	11.3%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.7%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	1.6%	Capital expenditures / revenue.
D&A / revenue	2.2%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-10.3%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-6.0%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-2.0%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	-6.5%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	-7.0%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	-1.6%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-15.3%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-31.1%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 3y	-13.5%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	5.4%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow CAGR, 3y	-11.6%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	4.5%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-1.6%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	3.6%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	6.9%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-7.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-5.9%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-2.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	1.3%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	1.5%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	1.8%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.98x	Current assets / current liabilities.
Quick ratio	0.95x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.23x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.65x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	19.5%	Total debt / total assets.
Liabilities / assets	70.1%	Total liabilities / total assets.
Net debt	$52.9M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	1.86x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	0.88x	Operating income / interest expense.
Working capital	$155.9M	Current assets - current liabilities.
Goodwill and intangibles / assets	0.7%	(Goodwill + intangible assets) / total assets.
Tangible book value	$133.1M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.48x	Revenue / average total assets.
Fixed asset turnover	10.8x	Revenue / average property, plant and equipment.
Inventory turnover	4.61x	Cost of revenue / average inventory.
Days inventory	79 days	365 x average inventory / cost of revenue.
Receivables turnover	5.84x	Revenue / average receivables.
Days sales outstanding	63 days	365 x average receivables / revenue.
Days payables	61 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	80 days	Days inventory + days sales outstanding - days payables.
Capex / operating cash flow	103.6%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.66	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$19.38	Revenue / diluted weighted shares.
FCF per share	-$0.01	Free cash flow / diluted weighted shares.
Operating cash flow per share	$0.31	Cash from operations / diluted weighted shares.
Book value per share	$3.62	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$3.53	Tangible book value / shares outstanding.
Cash per share	$0.95	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$121.1M	Share price x shares outstanding.
Enterprise value	$174.0M	Market cap + total debt - cash - short-term investments.
P/S	0.18x	Market cap / revenue.
P/B	0.89x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	0.91x	Market cap / tangible book value, when positive.
P/OCF	11.3x	Market cap / cash from operations, when positive.
EV/Sales	0.26x	Enterprise value / revenue.
EV/EBIT	13.0x	Enterprise value / operating income, when both are positive.
EV/EBITDA	6.13x	Enterprise value / EBITDA, when both are positive.
FCF yield	-0.3%	Free cash flow / market cap.
Earnings yield	-19.0%	Net income / market cap (the inverse of P/E).

What was Commercial Vehicle Group, Inc.'s revenue in fiscal 2025?

Commercial Vehicle Group, Inc. reported revenue of $649.0M for fiscal 2025, 10.3% lower than the year before.

Was Commercial Vehicle Group, Inc. profitable in fiscal 2025?

No. It reported a net loss of $22.8M.

How much free cash flow did Commercial Vehicle Group, Inc. generate in fiscal 2025?

Cash from operations of $44.6M minus capital expenditures of $10.7M left free cash flow of $34.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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