Cvd Equipment Corp
CVV Nasdaq Special Industry Machinery, Nec Financials FY2016โFY2025
Last close ยท Oct 23, 2026
$3.79
0.5%
Revenue
Total sales reported in the income statement.
$25.8M
4.1%
vs prior year
Operating margin
Operating income as a share of revenue.
โ7.4%
1.6ย pts
Net income
Profit after all expenses, interest and tax.
โ$1.6M
Free cash flow
Cash from operations minus capital spending.
โ$3.7M
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
โ9.3%
5.3ย pts
Market cap
Last close times the latest diluted share count, so it is approximate.
$26.3M
Oct 23 close
P/E
Last close divided by diluted earnings per share over the last four quarters.
2.6x
On $1.44 EPS (TTM)
What Cvd Equipment Corp does
No business description yet.
- Legal name
- CVD EQUIPMENT CORP
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K ยท Mar 30, 2026
- Accession ยท CIK
- 0001493152-26-013567
0000766792
Revenue and margins
Cvd Equipment Corp had $25.8M of revenue in fiscal 2025, down 4.1% on the year before.
FY16
Revenue $21.0M
FY17
Revenue $41.1M
FY18
Revenue $24.3M
FY19
Revenue $19.6M
FY20
Revenue $16.9M
FY21
Revenue $16.4M
FY22
Revenue $25.8M
FY23
Revenue $24.1M
FY24
Revenue $26.9M
FY25
Revenue $25.8M
Q3 '23
Revenue $6.2M
Q4 '23
Revenue $4.1M
Q1 '24
Revenue $4.9M
Q2 '24
Revenue $6.3M
Q3 '24
Revenue $8.2M
Q4 '24
Revenue $7.4M
Q1 '25
Revenue $6.3M
Q2 '25
Revenue $3.4M
Q3 '25
Revenue $7.4M
Q4 '25
Revenue $5.0M
Q1 '26
Revenue $1.8M
Q2 '26
Revenue $2.0M
FY16
Gross 33.9%
Operating โ3.5%
Net โ0.7%
FCF 41.7%
FY17
Gross 42.8%
Operating 17.6%
Net 12.8%
FCF โ7.9%
FY18
Gross 21.3%
Operating โ21.6%
Net โ21.4%
FCF โ8.3%
FY19
Gross 14.2%
Operating โ25.4%
Net โ32.2%
FCF โ10.8%
FY20
Gross 17.0%
Operating โ46.2%
Net โ35.9%
FCF โ16.0%
FY21
Gross 18.7%
Operating โ28.4%
Net 28.9%
FCF โ27.4%
FY22
Gross 25.7%
Operating โ7.1%
Net โ0.9%
FCF โ1.8%
FY23
Gross 21.0%
Operating โ20.2%
Net โ17.3%
FCF โ2.6%
FY24
Gross 22.5%
Operating โ9.0%
Net โ7.1%
FCF โ5.9%
FY25
Gross 28.3%
Operating โ7.4%
Net โ6.1%
FCF โ14.4%
Gross
Operating
Net
FCF
Q3 '23
Gross 25.6%
Operating โ15.9%
Net โ12.1%
FCF 10.8%
Q4 '23
Gross โ8.5%
Operating โ60.1%
Net โ55.3%
FCF โ5.8%
Q1 '24
Gross 16.2%
Operating โ33.0%
Net โ29.9%
FCF โ42.9%
Q2 '24
Gross 24.3%
Operating โ14.2%
Net โ12.0%
FCF โ29.0%
Q3 '24
Gross 21.5%
Operating 0.9%
Net 2.5%
FCF โ0.1%
Q4 '24
Gross 26.4%
Operating 0.5%
Net 1.8%
FCF 31.9%
Q1 '25
Gross 27.4%
Operating โ5.1%
Net 5.7%
FCF โ36.4%
Q2 '25
Gross 14.1%
Operating โ40.3%
Net โ31.2%
FCF โ93.2%
Q3 '25
Gross 32.7%
Operating 4.2%
Net 5.2%
FCF 18.3%
Q4 '25
Gross 22.2%
Operating โ27.2%
Net โ25.6%
FCF 8.0%
Q1 '26
Gross 8.0%
Operating โ97.4%
Net โ90.2%
FCF โ46.9%
Q2 '26
Gross 16.8%
Operating โ79.8%
Net 643.4%
FCF โ21.8%
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY16
Net income โ$0.1M
FY17
Net income $5.3M
FY18
Net income โ$5.2M
FY19
Net income โ$6.3M
FY20
Net income โ$6.1M
FY21
Net income $4.7M
FY22
Net income โ$0.2M
FY23
Net income โ$4.2M
FY24
Net income โ$1.9M
FY25
Net income โ$1.6M
Q3 '23
Net income โ$0.8M
Q4 '23
Net income โ$2.3M
Q1 '24
Net income โ$1.5M
Q2 '24
Net income โ$0.8M
Q3 '24
Net income $0.2M
Q4 '24
Net income $0.1M
Q1 '25
Net income $0.4M
Q2 '25
Net income โ$1.1M
Q3 '25
Net income $0.4M
Q4 '25
Net income โ$1.3M
Q1 '26
Net income โ$1.7M
Q2 '26
Net income $12.6M
FY16
Diluted EPS โ$0.02
FY17
Diluted EPS $0.82
FY18
Diluted EPS โ$0.80
FY19
Diluted EPS โ$0.96
FY20
Diluted EPS โ$0.91
FY21
Diluted EPS $0.71
FY22
Diluted EPS โ$0.03
FY23
Diluted EPS โ$0.62
FY24
Diluted EPS โ$0.28
FY25
Diluted EPS โ$0.23
Q3 '23
Diluted EPS โ$0.11
Q4 '23
Diluted EPS โ$0.34
Q1 '24
Diluted EPS โ$0.22
Q2 '24
Diluted EPS โ$0.11
Q3 '24
Diluted EPS $0.03
Q4 '24
Diluted EPS $0.02
Q1 '25
Diluted EPS $0.05
Q2 '25
Diluted EPS โ$0.15
Q3 '25
Diluted EPS $0.06
Q4 '25
Diluted EPS โ$0.19
Q1 '26
Diluted EPS โ$0.24
Q2 '26
Diluted EPS $1.81
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital โ3.6%
Return on equity โ0.4%
Return on assets โ0.3%
FY17
Return on capital 13.4%
Return on equity 14.2%
Return on assets 10.1%
FY18
Return on capital โ11.2%
Return on equity โ13.7%
Return on assets โ9.4%
FY19
Return on capital โ11.8%
Return on equity โ19.3%
Return on assets โ12.8%
FY20
Return on capital โ20.5%
Return on equity โ22.5%
Return on assets โ13.9%
FY21
Return on capital โ32.4%
Return on equity 17.8%
Return on assets 12.4%
FY22
Return on capital โ9.3%
Return on equity โ0.8%
Return on assets โ0.6%
FY23
Return on capital โ30.8%
Return on equity โ15.0%
Return on assets โ11.5%
FY24
Return on capital โ14.6%
Return on equity โ7.4%
Return on assets โ5.7%
FY25
Return on capital โ9.3%
Return on equity โ6.3%
Return on assets โ5.4%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was โ$3.7M in fiscal 2025, โ14.4% of revenue. Cash from operations minus capital spending.
FY16
Free cash flow $8.7M
FY17
Free cash flow โ$3.3M
FY18
Free cash flow โ$2.0M
FY19
Free cash flow โ$2.1M
FY20
Free cash flow โ$2.7M
FY21
Free cash flow โ$4.5M
FY22
Free cash flow โ$0.5M
FY23
Free cash flow โ$0.6M
FY24
Free cash flow โ$1.6M
FY25
Free cash flow โ$3.7M
Q3 '23
Free cash flow $0.7M
Q4 '23
Free cash flow โ$0.2M
Q1 '24
Free cash flow โ$2.1M
Q2 '24
Free cash flow โ$1.8M
Q3 '24
Free cash flow โ$0.0M
Q4 '24
Free cash flow $2.4M
Q1 '25
Free cash flow โ$2.3M
Q2 '25
Free cash flow โ$3.2M
Q3 '25
Free cash flow $1.4M
Q4 '25
Free cash flow $0.4M
Q1 '26
Free cash flow โ$0.9M
Q2 '26
Free cash flow โ$0.4M
FY16
Cash from operations $8.9M
Capital spending $0.1M
FY17
Cash from operations โ$2.4M
Capital spending $0.9M
FY18
Cash from operations $0.5M
Capital spending $2.5M
FY19
Cash from operations $0.6M
Capital spending $2.7M
FY20
Cash from operations โ$1.1M
Capital spending $1.6M
FY21
Cash from operations โ$4.3M
Capital spending $0.2M
FY22
Cash from operations $0.2M
Capital spending $0.7M
FY23
Cash from operations โ$0.2M
Capital spending $0.4M
FY24
Cash from operations โ$1.5M
Capital spending $0.1M
FY25
Cash from operations โ$3.7M
Capital spending $0.0M
Cash from operations
Capital spending
Q3 '23
Cash from operations $0.8M
Capital spending $0.1M
Q4 '23
Cash from operations โ$0.1M
Capital spending $0.1M
Q1 '24
Cash from operations โ$2.0M
Capital spending $0.1M
Q2 '24
Cash from operations โ$1.7M
Capital spending $0.1M
Q3 '24
Cash from operations $0.0M
Capital spending $0.0M
Q4 '24
Cash from operations $2.3M
Capital spending โ$0.1M
Q1 '25
Cash from operations โ$2.3M
Capital spending $0.0M
Q2 '25
Cash from operations โ$3.2M
Capital spending $0.0M
Q3 '25
Cash from operations $1.4M
Capital spending $0.0M
Q4 '25
Cash from operations $0.4M
Capital spending โ$0.0M
Q1 '26
Cash from operations โ$0.9M
Capital spending $0.0M
Q2 '26
Cash from operations โ$0.4M
Capital spending $0.0M
Cash from operations
Capital spending
Dividends, buybacks and share count
Cvd Equipment Corp returned โ to shareholders in fiscal 2025. The diluted share count rose 0.8%.
FY16
Dividends โ
Buybacks โ
FY17
Dividends โ
Buybacks โ
FY18
Dividends โ
Buybacks โ
FY19
Dividends โ
Buybacks โ
FY20
Dividends โ
Buybacks โ
FY21
Dividends โ
Buybacks โ
FY22
Dividends โ
Buybacks โ
FY23
Dividends โ
Buybacks โ
FY24
Dividends โ
Buybacks โ
FY25
Dividends โ
Buybacks โ
Dividends
Buybacks
FY16
Diluted shares 0.01B
FY17
Diluted shares 0.01B
FY18
Diluted shares 0.01B
FY19
Diluted shares 0.01B
FY20
Diluted shares 0.01B
FY21
Diluted shares 0.01B
FY22
Diluted shares 0.00B
FY23
Diluted shares 0.01B
FY24
Diluted shares 0.01B
FY25
Diluted shares 0.01B
Balance sheet
Cash, debt and the ratios that show how comfortably Cvd Equipment Corp can carry it.
FY16
Cash $21.7M
Debt $3.3M
FY17
Cash $14.2M
Debt $13.7M
FY18
Cash $11.4M
Debt $12.9M
FY19
Cash $8.7M
Debt $12.1M
FY20
Cash $7.7M
Debt $13.8M
FY21
Cash $16.7M
Debt $1.8M
FY22
Cash $14.4M
Debt $0.4M
FY23
Cash $14.0M
Debt $0.3M
FY24
Cash $12.6M
Debt $0.3M
FY25
Cash $8.7M
Debt $0.2M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $16.7M | $14.4M | $14.0M | $12.6M | $8.7M |
| Debt incl. finance leases | $1.8M | $0.4M | $0.3M | $0.3M | $0.2M |
| Debt / equity | 0.1x | 0.0x | 0.0x | 0.0x | 0.0x |
| Interest coverage | โ17.9x | โ227.9x | โ212.2x | โ127.2x | โ146.9x |
| Current ratio | 3.6x | 2.9x | 2.7x | 3.3x | 6.1x |
| Quick ratio | 3.4x | 2.6x | 2.1x | 2.9x | 6.0x |
| Total assets | $35.5M | $37.9M | $35.0M | $31.7M | $27.5M |
| Total liabilities | $6.3M | $8.5M | $8.8M | $6.3M | $2.8M |
| Shareholders' equity | $29.2M | $29.4M | $26.2M | $25.4M | $24.7M |
| Net debt (โ = net cash) | โ$14.9M | โ$13.9M | โ$13.7M | โ$12.3M | โ$8.6M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| F-score | โ / 3 | 5 / 9 | 2 / 9 | 2 / 9 | 3 / 9 | 6 / 9 | 6 / 9 | 3 / 9 | 6 / 9 | 5 / 9 |
| Accruals ratio | โ19.7% | 14.6% | โ10.3% | โ14.0% | โ11.3% | 23.6% | โ1.1% | โ10.9% | โ1.2% | 7.1% |
| Altman Z'' | 6.70 | 6.45 | 4.19 | 2.61 | 1.29 | 7.21 | 6.12 | 4.62 | 6.11 | 11.50 |
10 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $21.0M | $41.1M | $24.3M | $19.6M | $16.9M | $16.4M | $25.8M | $24.1M | $26.9M | $25.8M |
| Gross profit | $7.1M | $17.6M | $5.2M | $2.8M | $2.9M | $3.1M | $6.6M | $5.1M | $6.1M | $7.3M |
| Research and development | $0.4M | $0.4M | $0.6M | $0.6M | $0.4M | $1.8M | $1.9M | $2.6M | $2.6M | $2.8M |
| Operating income | โ$0.7M | $7.2M | โ$5.3M | โ$5.0M | โ$7.8M | โ$4.7M | โ$1.8M | โ$4.9M | โ$2.4M | โ$1.9M |
| Interest expense | $0.1M | $0.1M | $0.5M | $0.5M | $0.4M | $0.3M | $0.0M | $0.0M | $0.0M | $0.0M |
| Pretax income | โ$0.7M | $7.2M | โ$5.6M | โ$4.9M | โ$7.6M | $4.8M | โ$0.2M | โ$4.2M | โ$1.9M | โ$1.6M |
| Income tax | โ$0.5M | $1.9M | โ$0.4M | $1.4M | โ$1.5M | $0.0M | $0.0M | โ$0.0M | $0.0M | $0.0M |
| Net income | โ$0.1M | $5.3M | โ$5.2M | โ$6.3M | โ$6.1M | $4.7M | โ$0.2M | โ$4.2M | โ$1.9M | โ$1.6M |
| Diluted EPS | โ$0.02 | $0.82 | โ$0.80 | โ$0.96 | โ$0.91 | $0.71 | โ$0.03 | โ$0.62 | โ$0.28 | โ$0.23 |
| Diluted shares | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.00B | 0.01B | 0.01B | 0.01B |
| Cash flow | ||||||||||
| Cash from operations | $8.9M | โ$2.4M | $0.5M | $0.6M | โ$1.1M | โ$4.3M | $0.2M | โ$0.2M | โ$1.5M | โ$3.7M |
| Capital expenditure | $0.1M | $0.9M | $2.5M | $2.7M | $1.6M | $0.2M | $0.7M | $0.4M | $0.1M | $0.0M |
| Free cash flow | $8.7M | โ$3.3M | โ$2.0M | โ$2.1M | โ$2.7M | โ$4.5M | โ$0.5M | โ$0.6M | โ$1.6M | โ$3.7M |
| Depreciation and amortization | $0.8M | $0.9M | $1.1M | $1.0M | $1.4M | $0.7M | $0.9M | $0.8M | $0.7M | $0.7M |
| Stock-based compensation | $0.8M | $0.9M | $0.9M | $0.6M | $0.2M | $0.3M | $0.4M | $0.9M | $1.1M | $0.9M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $21.7M | $14.2M | $11.4M | $8.7M | $7.7M | $16.7M | $14.4M | $14.0M | $12.6M | $8.7M |
| Total debt | $3.3M | $13.7M | $12.9M | $12.1M | $13.8M | $1.8M | $0.4M | $0.3M | $0.3M | $0.2M |
| Current assets | $28.4M | $27.8M | $19.4M | $14.2M | $11.8M | $23.1M | $23.7M | $22.8M | $20.0M | $16.9M |
| Current liabilities | $8.3M | $5.4M | $4.1M | $5.4M | $3.7M | $6.3M | $8.2M | $8.6M | $6.1M | $2.8M |
| Inventory | $3.3M | $3.0M | $1.9M | $1.7M | $1.1M | $1.2M | $2.5M | $4.5M | $2.1M | $0.3M |
| Property and equipment, net | $14.3M | $28.8M | $30.4M | $32.1M | $28.8M | $12.3M | $12.6M | $12.2M | $11.7M | $10.5M |
| Intangible assets | $0.3M | $0.7M | $0.5M | $0.4M | $0.3M | $0.2M | $0.1M | $0.0M | โ | โ |
| Total assets | $45.6M | $59.0M | $51.8M | $46.7M | $40.9M | $35.5M | $37.9M | $35.0M | $31.7M | $27.5M |
| Total liabilities | $11.3M | $18.3M | $16.1M | $16.8M | $16.8M | $6.3M | $8.5M | $8.8M | $6.3M | $2.8M |
| Shareholders' equity | $34.3M | $40.0M | $35.7M | $30.0M | $24.1M | $29.2M | $29.4M | $26.2M | $25.4M | $24.7M |
| Margins | ||||||||||
| Gross margin | 33.9% | 42.8% | 21.3% | 14.2% | 17.0% | 18.7% | 25.7% | 21.0% | 22.5% | 28.3% |
| Operating margin | โ3.5% | 17.6% | โ21.6% | โ25.4% | โ46.2% | โ28.4% | โ7.1% | โ20.2% | โ9.0% | โ7.4% |
| EBITDA margin | 0.4% | 19.7% | โ16.9% | โ20.1% | โ38.0% | โ23.8% | โ3.7% | โ17.0% | โ6.4% | โ4.8% |
| Net margin | โ0.7% | 12.8% | โ21.4% | โ32.2% | โ35.9% | 28.9% | โ0.9% | โ17.3% | โ7.1% | โ6.1% |
| FCF margin | 41.7% | โ7.9% | โ8.3% | โ10.8% | โ16.0% | โ27.4% | โ1.8% | โ2.6% | โ5.9% | โ14.4% |
| Returns | ||||||||||
| Return on capital | โ3.6% | 13.4% | โ11.2% | โ11.8% | โ20.5% | โ32.4% | โ9.3% | โ30.8% | โ14.6% | โ9.3% |
| Return on capital employed | โ1.9% | 13.5% | โ11.0% | โ12.1% | โ21.0% | โ16.0% | โ6.1% | โ18.4% | โ9.5% | โ7.7% |
| Return on equity | โ0.4% | 14.2% | โ13.7% | โ19.3% | โ22.5% | 17.8% | โ0.8% | โ15.0% | โ7.4% | โ6.3% |
| Return on assets | โ0.3% | 10.1% | โ9.4% | โ12.8% | โ13.9% | 12.4% | โ0.6% | โ11.5% | โ5.7% | โ5.4% |
| Return on tangible equity | โ0.4% | 13.4% | โ14.8% | โ21.4% | โ25.5% | 16.4% | โ0.8% | โ16.0% | โ7.5% | โ6.4% |
| Growth | ||||||||||
| Revenue growth | โ | 96.3% | โ40.8% | โ19.3% | โ13.9% | โ2.8% | 56.9% | โ6.6% | 11.5% | โ4.1% |
| Net income growth | โ | โ | โ198.9% | โ | โ | โ | โ104.7% | โ | โ | โ |
| EPS growth | โ | โ | โ197.6% | โ | โ | โ | โ104.2% | โ | โ | โ |
| FCF growth | โ | โ137.4% | โ | โ | โ | โ | โ | โ | โ | โ |
| Share count change | โ | 1.6% | 1.7% | 1.0% | 1.2% | 1.0% | โ99.9% | 101,213.4% | 0.5% | 0.8% |
| Financial health | ||||||||||
| Net debt / EBITDA | โ206.6x | โ0.1x | โ | โ | โ | โ | โ | โ | โ | โ |
| Debt / equity | 0.1x | 0.3x | 0.4x | 0.4x | 0.6x | 0.1x | 0.0x | 0.0x | 0.0x | 0.0x |
| Interest coverage | โ9.1x | 67.9x | โ11.3x | โ10.3x | โ17.6x | โ17.9x | โ227.9x | โ212.2x | โ127.2x | โ146.9x |
| Current ratio | 3.4x | 5.1x | 4.8x | 2.6x | 3.2x | 3.6x | 2.9x | 2.7x | 3.3x | 6.1x |
| Quick ratio | 3.0x | 4.6x | 4.3x | 2.3x | 2.9x | 3.4x | 2.6x | 2.1x | 2.9x | 6.0x |
| Capital allocation | ||||||||||
| Capex / revenue | 0.5% | 2.2% | 10.4% | 13.7% | 9.3% | 1.4% | 2.6% | 1.7% | 0.4% | 0.2% |
| Stock comp / revenue | 3.7% | 2.3% | 3.9% | 2.9% | 1.4% | 1.9% | 1.7% | 3.8% | 4.0% | 3.7% |
| Quality scores | ||||||||||
| Piotroski F-score | โ | 5.0 | 2.0 | 2.0 | 3.0 | 6.0 | 6.0 | 3.0 | 6.0 | 5.0 |
| Altman Z'' | 6.7 | 6.5 | 4.2 | 2.6 | 1.3 | 7.2 | 6.1 | 4.6 | 6.1 | 11.5 |
| Accruals ratio | โ19.7% | 14.6% | โ10.3% | โ14.0% | โ11.3% | 23.6% | โ1.1% | โ10.9% | โ1.2% | 7.1% |
Source: SEC EDGAR XBRL filings (CIK 0000766792). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only โ not investment advice. Check the original filings before relying on any figure.