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
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- All other countries
- Czech Republic
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $404.5M | $504.5M | $596.6M |
| All other countries | $137.9M | $125.8M | $136.1M |
| Czech Republic | $106.6M | $93.1M | $102.8M |
As the company reported it, from the “Segment Reporting - Summary of Revenue and Long-Lived Assets for Each of Geographic Areas (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Revenue by segment
- Global Seating
- Global Electrical Systems
- Trim Systems and Components
| Segment | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Global Seating | $287.2M | $314.7M | $348.7M |
| Global Electrical Systems | $203.2M | $203.1M | $242.4M |
| Trim Systems and Components | $158.6M | $205.5M | $244.4M |
As the company reported it, from the “Revenue Recognition - Summary of Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $662.1M | $755.2M | $897.7M | $901.2M | $717.7M | $971.6M | $782.6M | $835.5M | $723.4M | $649.0M |
| Gross profit | $86.7M | $90.9M | $124.9M | $105.1M | $74.1M | $119.0M | $85.0M | $121.1M | $73.1M | $68.4M |
| Net income | $6.8M | -$2.3M | $41.5M | $15.8M | -$37.0M | $23.7M | -$22.0M | $49.4M | -$35.7M | -$20.5M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Material agreement signed Item 1.01
- Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 3714
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BWA | BORGWARNER INC | $11.19B | 42.9x | 1.6% |
| APTV | Aptiv PLC | $8.86B | 56.9x | 3.5% |
| ALSN | Allison Transmission Holdings Inc | $8.78B | 14.5x | -6.7% |
| ALV | AUTOLIV INC | $8.40B | 12.0x | 4.1% |
| MOD | MODINE MANUFACTURING CO | $7.08B | 59.0x | 23.1% |
| LEA | LEAR CORP | $5.76B | 14.3x | -0.2% |
| GNTX | GENTEX CORP | $4.35B | 11.9x | 9.6% |
| GTX | Garrett Motion Inc. | $4.03B | 14.2x | 3.1% |