Commercial Vehicle Group, Inc. CVGI
Commercial Vehicle Group, Inc. and its subsidiaries, is a global provider of systems, assemblies and components to global commercial vehicle markets and electric vehicle markets. We deliver real solutions to complex design, engineering and manufacturing problems while creating positive change for our customers, industries, and communities we serve. References herein to the "Company", "CVG", "we", "our", or "us" refer to Commercial Vehicle Group, Inc. and its subsidiaries.
We have manufacturing operations in the United States, Mexico, China, United Kingdom, Czech Republic, Ukraine, Morocco, Thailand, India and Australia. Our products are primarily sold in North America, Europe, and the Asia-Pacific region.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $649.0M | $723.4M | $835.5M | $782.6M | $971.6M | $717.7M | $901.2M | $897.7M | $755.2M | $662.1M |
| Cost of revenue | $580.6M | $650.2M | $714.4M | $697.6M | $852.6M | $643.6M | $796.1M | $772.8M | $664.4M | $575.4M |
| Gross profit | $68.4M | $73.1M | $121.1M | $85.0M | $119.0M | $74.1M | $105.1M | $124.9M | $90.9M | $86.7M |
| R&D | — | — | — | — | — | — | — | — | — | $7.0M |
| SG&A | $69.0M | $73.9M | $81.2M | $60.2M | $69.4M | $68.2M | $64.5M | $60.7M | $59.5M | $60.5M |
| Operating income | -$656.0K | -$758.0K | $39.9M | $24.8M | $49.6M | -$23.2M | $40.6M | $62.9M | $30.0M | $24.9M |
| Interest expense | $13.0M | $9.2M | $10.2M | $9.2M | $11.2M | $20.6M | $16.9M | $14.7M | $19.1M | $19.3M |
| Pre-tax income | -$15.7M | -$8.2M | $28.4M | $4.3M | $32.1M | -$44.5M | $21.6M | $49.6M | $12.8M | $6.8M |
| Income tax | $4.7M | $27.5M | $15.2M | $20.9M | $8.4M | $7.5M | $5.8M | $8.1M | $15.1M | $49.0K |
| Net income | -$20.5M | -$35.7M | $49.4M | -$22.0M | $23.7M | -$37.0M | $15.8M | $41.5M | -$2.3M | $6.8M |
| EPS, basic | — | — | 1.50 | -0.68 | 0.75 | -1.20 | 0.52 | 1.37 | -0.08 | 0.23 |
| EPS, diluted | — | — | 1.47 | -0.68 | 0.72 | -1.20 | 0.51 | 1.36 | -0.08 | 0.23 |
| Shares, diluted (wtd. avg.) | $33.8M | $33.4M | $33.6M | $32.3M | $32.8M | $30.9M | $30.8M | $30.6M | $29.9M | $29.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | $37.8M | $31.8M | $35.0M | $50.5M | $39.5M | $70.9M | $52.2M | $130.2M |
| Receivables | $86.3M | $118.7M | $129.3M | $152.6M | $174.5M | $151.1M | $115.1M | $150.6M | $141.8M | $97.8M |
| Inventory | $118.6M | $128.2M | $117.3M | $142.5M | $141.0M | $91.2M | $82.9M | $91.1M | $94.6M | $71.1M |
| Total current assets | $263.3M | $303.3M | $327.7M | $339.6M | $370.7M | $310.5M | $256.0M | $297.7M | $290.8M | $308.9M |
| Property, plant and equipment | $66.6M | $68.9M | $68.9M | $67.8M | $63.1M | $62.8M | $73.7M | $61.1M | $62.3M | $66.0M |
| Goodwill | — | — | — | — | — | $0 | $27.8M | $7.6M | $7.9M | $7.7M |
| Other intangibles | $3.4M | $3.9M | $6.6M | $14.6M | $18.3M | $21.8M | $25.3M | $13.5M | $14.1M | $15.5M |
| Total assets | $391.7M | $424.6M | $483.2M | $470.3M | $507.7M | $454.4M | $435.8M | $397.9M | $396.8M | $428.8M |
| Accounts payable | $74.2M | $77.0M | $75.2M | $122.1M | $101.9M | $112.4M | $63.1M | $88.5M | $85.6M | $60.6M |
| Short-term debt | $942.0K | $8.4M | $15.3M | $10.9M | $9.4M | $2.4M | $3.3M | $3.2M | $3.2M | $0 |
| Total current liabilities | $108.4M | $125.8M | $145.2M | $175.8M | $162.1M | $164.9M | $106.6M | $123.6M | $120.6M | $106.3M |
| Long-term debt | $104.0M | $127.1M | $126.2M | $141.5M | $185.6M | $144.1M | $153.1M | $162.1M | $163.0M | $233.2M |
| Total liabilities | $258.4M | $289.0M | $310.3M | $350.2M | $381.0M | $359.0M | $307.1M | $306.7M | $313.2M | $361.1M |
| Retained earnings | -$96.8M | -$74.1M | -$46.2M | -$95.6M | -$73.6M | -$97.4M | -$60.3M | -$95.4M | -$108.1M | -$115.2M |
| Total equity | $133.4M | $135.6M | $172.9M | $120.0M | $126.7M | $95.4M | $128.7M | $109.6M | $72.3M | $65.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $44.6M | -$33.5M | $38.3M | $68.9M | -$29.8M | $34.4M | $36.7M | $41.0M | $2.3M | $49.4M |
| Depreciation and amortisation | $14.7M | $17.4M | $17.6M | $18.2M | $18.5M | $18.5M | $15.5M | $15.3M | $15.2M | $16.5M |
| Stock-based compensation | $3.8M | $3.9M | $3.8M | $5.8M | $6.3M | $3.5M | $2.8M | $3.1M | $2.5M | $2.6M |
| Capital expenditure | $10.7M | $18.5M | $19.7M | $19.7M | $17.7M | $7.1M | $24.0M | $14.2M | $13.5M | $11.4M |
| Investing cash flow | -$10.6M | $30.9M | -$19.7M | -$19.7M | -$17.6M | -$6.4M | -$58.0M | -$14.1M | -$10.8M | -$8.9M |
| Financing cash flow | -$29.2M | -$7.1M | -$12.7M | -$50.1M | $31.0M | -$19.3M | -$10.1M | -$5.8M | -$72.8M | -$714.0K |
| Buybacks | $240.0K | $318.0K | $1.6M | $1.3M | $1.3M | $663.0K | $985.0K | $1.1M | $1.4M | $714.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-027295.
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