CPI AEROSTRUCTURES INC CVU
Aerostructures, Inc., including its wholly owned subsidiary Welding Metallurgy, Inc. ("WMI")
and Compac Development Corporation, a wholly owned subsidiary of WMI (collectively, "CPI Aero", the "Company",
"us", or "we") manufactures structural assemblies, integrated systems, and kitting services for the domestic
and international aerospace and defense ("A&D") markets. Our products are generally used by customers in the production
Last close
5.16
2026-09-04
Market cap
$68.4M
2026-06-30 share count
52-week range
2.02 - 5.98
Valuation FY2025 figures against the last close
P/S1.0x
P/E—
P/FCF—
EV/EBITDA321.2x
Dividend yield—
Diluted EPS-0.07
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $69.3M | $81.1M | $86.5M | $83.3M | $103.4M | $87.6M | $87.5M | $70.4M | $81.3M | $81.3M |
| Cost of revenue | $58.7M | $63.8M | $69.4M | $67.0M | $88.4M | $77.8M | $80.7M | $66.2M | $62.6M | $77.0M |
| Gross profit | $10.6M | $17.2M | $17.1M | $16.3M | $15.0M | $9.8M | $6.8M | $4.2M | $18.6M | $4.3M |
| SG&A | $10.7M | $10.5M | $10.8M | $11.4M | $11.8M | $12.0M | $11.6M | $9.8M | $8.4M | $8.6M |
| Operating income | -$176.4K | $6.7M | $6.3M | $4.9M | $3.2M | -$2.3M | -$4.7M | -$5.6M | $10.2M | -$4.3M |
| Interest expense | $1.6M | $2.3M | $2.5M | $2.3M | $1.1M | $1.4M | $2.1M | $2.0M | $1.7M | $1.4M |
| Pre-tax income | -$1.7M | $4.4M | $3.9M | $2.6M | $6.8M | -$3.7M | -$6.7M | -$7.5M | $8.5M | -$5.7M |
| Income tax | $900.9K | $1.1M | $13.3M | $6.6M | $14.6K | $53.4K | $3.9K | $16.0K | $2.7M | $2.1M |
| Net income | -$843.4K | $3.3M | $17.2M | $9.2M | $6.8M | -$3.7M | -$6.8M | -$7.5M | $5.8M | -$3.6M |
| EPS, basic | -0.07 | 0.26 | 1.40 | 0.74 | 0.56 | -0.31 | -0.57 | -0.80 | 0.65 | 0.42 |
| EPS, diluted | -0.07 | 0.26 | 1.38 | 0.74 | 0.56 | -0.31 | -0.57 | -0.80 | 0.65 | 0.42 |
| Shares, diluted (wtd. avg.) | $12.8M | $12.7M | $12.5M | $12.4M | $12.2M | $11.9M | $11.8M | $9.5M | $8.8M | $8.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | — | — | $6.3M | $8.1M | $5.4M | $6.1M | $1.4M | $1.0M |
| Receivables | $5.8M | $3.7M | $4.4M | $4.9M | $5.0M | $5.0M | $7.0M | $8.7M | $5.4M | $8.5M |
| Inventory | $800.8K | $918.3K | $1.4M | $2.5M | $4.0M | $5.7M | $4.9M | $9.4M | $1.7M | — |
| Total current assets | $43.4M | $43.6M | $46.9M | $43.2M | $43.3M | $37.3M | $33.8M | $44.2M | $120.4M | $111.3M |
| Property, plant and equipment | $412.6K | $767.9K | $794.1K | $1.1M | $1.6M | $2.8M | $3.3M | $2.5M | $2.0M | $2.3M |
| Goodwill | $1.8M | $1.8M | $1.8M | $1.8M | $1.8M | $1.8M | $1.8M | $0 | — | — |
| Other intangibles | — | — | — | — | $125.0K | $312.5K | $375.0K | $0 | — | — |
| Total assets | $75.2M | $68.0M | $74.4M | $59.4M | $55.0M | $45.4M | $43.4M | $47.4M | $124.2M | $117.8M |
| Accounts payable | $14.7M | $11.1M | $10.5M | $8.0M | $10.4M | $9.1M | $8.2M | $9.9M | $15.1M | $14.0M |
| Short-term debt | — | — | — | — | $3.4M | $4.7M | $2.5M | $2.4M | $2.0M | $1.3M |
| Total current liabilities | $23.0M | $26.5M | $31.5M | $30.3M | $31.1M | $28.2M | $22.3M | $22.9M | $42.2M | $40.7M |
| Long-term debt | $10.0M | — | $71.0K | $1.8M | $1.5M | $3.1M | $1.8M | $3.9M | $7.0M | $8.9M |
| Total liabilities | $49.4M | $42.0M | $52.3M | $55.3M | $60.3M | $59.7M | $53.4M | $51.4M | $49.9M | $50.2M |
| Retained earnings | -$49.3M | -$48.5M | -$51.8M | -$69.0M | -$78.2M | -$86.1M | -$81.3M | -$74.6M | $20.5M | $14.8M |
| Total equity | $25.8M | $25.9M | $22.1M | $4.2M | -$5.3M | -$13.0M | -$10.0M | -$3.9M | -$13.3M | $67.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$5.2M | $3.6M | $3.9M | $944.3K | $2.8M | -$1.6M | -$378.0K | -$2.7M | $1.6M | -$6.6M |
| Depreciation and amortisation | $420.4K | $430.0K | $470.9K | $688.1K | $1.0M | $1.0M | $1.1M | $710.2K | $616.3K | $661.9K |
| Stock-based compensation | $806.6K | $604.7K | $770.6K | $355.9K | $828.3K | $711.3K | $730.6K | $671.6K | $895.0K | $524.3K |
| Capital expenditure | $65.0K | $403.9K | $140.4K | $40.8K | $29.2K | $146.8K | $436.0K | $559.0K | $281.9K | $136.3K |
| Investing cash flow | -$65.0K | -$403.9K | -$140.4K | -$40.8K | -$29.2K | -$146.8K | -$436.0K | -$6.5M | -$239.4K | -$136.3K |
| Financing cash flow | $673.3K | -$2.8M | -$2.5M | -$3.4M | -$2.5M | $2.3M | $118.6K | $13.9M | -$941.8K | $6.8M |
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 0001999371-26-009384.
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