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Coda Octopus Group Inc.

CODA Industrials Aerospace & Defense

Coda Octopus Group Inc.’s revenue for fiscal 2025 (year ended October 2025) was $26.6 million, up 30.7% from fiscal 2024.

Revenue
+9.24%
EPS
+9.09%
Free cash flow
−24.4%

Quarter to July 2026, against a year earlier

8.16 0.83 −9.23%
Market cap
$90.7M
P/E
18.5×
Fwd P/E
19.2×
Dividend yield
—
F-score
6/9
Altman Z
12.23
Beneish M
−2.61
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 1.32
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 2 — — — — — — — —
Insider Ownership 51.15%

Capital & Financial Ratios $m

Size
Market Cap 90.72
Revenue ttm 28.60
Net income ttm 5.04
Free cash flow ttm 5.69
Net debt Q (31.71)
Valuation
P/E 18.55
Forward P/E 19.20
Price / sales 3.22
Forward P/S Powerpack
Price / FCF 16.19
Price / book 1.47
Financial health
Current ratio Q 10.06 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q (273.95)
Growth
Revenue growth Q +9.24% (above 0%: growing)
Operating income growth Q +11.11% (above 0%: growing)
EPS, this year +27.03% (at or above 15%: strong)
EPS, next year A +20.21% (at or above 15%: strong)
Revenue, next year A +9.93%
EPS, past 5 yrs +4.28%
EPS, next 5 yrs A +21.58% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.1×, against a ten-year median of 2.5×; over the ten years it ranged from 0.5× in 2016 to 6.5× in 2019.
P/E against its own 10 years 48.20%
10-year low 10-year high
P/S against its own 10 years 41.91%
10-year low 10-year high
P/B against its own 10 years 15.25%
10-year low 10-year high
EV/Sales against its own 10 years 28.20%
10-year low 10-year high
EV/FCF against its own 10 years 23.69%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 24 22 29 32
Receivables 4 5 7 9
Inventory 12 14 14 13
Other 1 1 1 0
41 43 50 55
2023 2024 2025 Q'26
Payables 1 1 1 1
ST’ Debt — — — —
Other — — — —
3 4 6 5

Compound Annual Growth %

10y 5y 3y
Sales — 5.79% 6.12%
Cash Flow — 10.21% 2.34%
Earnings — 4.31% (1.35%)
Book Value — 11.06% 10.24%

EPS $

Jan Apr Jul Oct Year
’26 0.08 0.15 0.12 — —
’25 0.08 0.08 0.11 0.09 0.37
’24 0.06 0.13 0.11 0.03 0.32
’23 0.12 0.09 0.09 (0.03) 0.28
’22 0.11 0.05 0.16 0.06 0.38
’21 0.10 0.20 0.13 0.01 0.44
’20 0.13 (0.02) 0.09 0.11 0.30
Fiscal quarters ending in the months shown.

Revenue $m

Jan Apr Jul Oct Year
’26 7 7 8 — —
’25 5 7 7 7 27
’24 4 5 5 5 20
’23 6 5 5 4 19
’22 6 5 6 5 22
’21 5 5 6 5 21
’20 7 3 5 5 20
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Jan Apr Jul Oct Year
’26 1 1 1 — —
’25 1 1 2 3 7
’24 0 (1) 2 2 2
’23 1 (1) 2 1 2
’22 3 1 2 0 7
’21 0 0 3 0 3
’20 1 0 0 3 4
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Jan Apr Jul Oct Year
’26 1 1 1 — —
’25 1 1 2 3 6
’24 0 (1) 2 2 3
’23 1 (1) 1 0 1
’22 2 1 2 1 6
’21 0 0 3 0 2
’20 1 0 0 3 3
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to October

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jul ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 21 18 18 25 20 21 22 19 20 27 29 +2.6% 29 34 38 +12.4%
Gross margin, % 59.91 66.39 70.27 65.57 63.51 69.24 68.35 67.34 69.76 66.49 66.11 +6.6 pt
EBT 5 3 3 6 3 5 5 3 5 6 7 +1.4%
EBT margin, % 22.99 18.54 17.22 24.87 16.97 24.63 23.09 17.68 22.70 20.75 24.05 (2.2) pt
Net income 5 3 5 5 3 5 4 3 4 4 5 (1.9%)
Per share, $
Per share, $ Revenue 2.55 1.98 1.79 2.35 1.87 1.97 2.05 1.74 1.82 2.36 2.54 (0.8%)
Earnings 0.60 0.37 0.49 0.49 0.31 0.46 0.40 0.28 0.33 0.37 0.44 (5.2%)
Cash flow 0.53 0.53 0.24 0.60 0.41 0.30 0.62 0.21 0.22 0.64 0.56 +2.2%
Capex (0.07) (0.23) (0.06) (0.15) (0.09) (0.09) (0.05) (0.14) 0.02 (0.11) (0.06) +4.1%
Free cash flow 0.46 0.31 0.18 0.45 0.32 0.21 0.57 0.08 0.24 0.54 0.50 +1.8%
Book value 1.23 1.52 2.42 2.87 3.20 3.80 3.99 4.35 4.76 5.17 5.56 +17.4%
Shares, m 8 9 10 11 11 11 11 11 11 11 11 +3.4%
Valuation, ×
Valuation, × P/E 0.00 13.83 12.56 14.98 15.79 18.80 16.05 23.57 25.85 28.47 18.55 17.0
P/S 0.67 2.52 3.41 3.13 2.79 4.28 3.14 3.80 4.69 4.33 3.22 3.3
P/B 0.00 3.28 2.52 2.56 1.63 2.23 1.61 1.52 1.79 1.98 1.47 1.9
EV/Sales 0.67 2.47 3.05 2.68 2.04 3.47 2.13 2.56 3.60 3.27 2.12 2.6
EV/FCF 3.14 16.02 29.44 14.07 11.89 32.14 7.66 56.90 27.78 14.44 10.69 21.3
Cash, $m
Cash, $m Operating cash flow 4 5 2 6 4 3 7 2 2 7 6 +5.7%
Capex (1) (2) (1) (2) (1) (1) (1) (2) 0 (1) (1) +7.7%
Free cash flow 4 3 2 5 3 2 6 1 3 6 6 +5.3%
Balance, $m
Balance, $m Working capital 12 11 15 21 24 31 34 38 39 44 49 +16.0%
Net debt 4 (1) (6) (11) (15) (18) (23) (24) (22) (29) (32) n/m
Shareholders’ equity 10 14 24 31 34 41 43 48 53 58 63 +21.4%
Returns, %
Returns, % ROA 30.29 14.24 18.90 16.52 9.22 11.85 9.31 6.33 6.67 6.77 7.71 (23.5) pt
ROIC 25.23 18.30 11.54 20.07 9.07 10.29 15.29 7.14 7.31 9.63 11.57 (15.6) pt
ROE (342.13) 27.85 26.11 19.00 10.28 13.12 10.19 6.81 7.18 7.42 8.41 +349.5 pt
People
People Employees — 110 115 120 110 95 83 83 103 100 — (1.2%)
Revenue/emp, $m 0.00 0.16 0.16 0.21 0.18 0.22 0.27 0.23 0.20 0.27 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Oct 2025 · latest quarter Jul 2026 · fundamentals updated 25 Oct 2026

Coda Octopus Group Inc. vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
NSTR NorthStar Earth & Space Enterprises Inc $153.3M — — — — — — — Compare
DPRO Draganfly Inc. $110.0M — (loss-making) — (loss-making) +25.84% (above 0%: growing) n/m −149.77% (below 0%: shrinking) 20.01% (584.90%) Compare
SIF SIFCO Industries, Inc. $105.5M 25.8× — +18.33% (above 0%: growing) n/m −792.26% (below 0%: shrinking) 13.09% 1.09% Compare
SIDU Sidus Space, Inc. $94.1M — (loss-making) — (loss-making) −53.76% (below 0%: shrinking) n/m −18.26% (below 0%: shrinking) (107.99%) (976.20%) Compare
CODA Coda Octopus Group Inc. $90.7M 18.5× 19.2× +9.24% (above 0%: growing) +9.09% (above 0%: growing) −24.37% (below 0%: shrinking) 65.44% 19.87%
BYRN Byrna Technologies Inc. $87.5M — (loss-making) — (loss-making) −45.72% (below 0%: shrinking) n/m +87.91% (above 0%: growing) 79.46% (19.16%) Compare
MRLN Merlin Inc $78.3M — (loss-making) — — n/m −119.70% (below 0%: shrinking) (5.42%) (1,528.58%) Compare
HOVR New Horizon Aircraft Ltd. $75.9M — (loss-making) — — n/m −208.15% (below 0%: shrinking) — 0.00% Compare
EVTL Vertical Aerospace Ltd. $66.7M 0.9× — — n/m −586.27% (below 0%: shrinking) 0.00% 0.00% Compare
Median of peers $90.8M — — −13.70% — −149.77% 6.55% (19.16%)

All 94 Aerospace & Defense stocks →

Pay and ownership Proxy statement filed 17 August 2026

Ownership

Directors and executive officers, together 19.50%
Annmarie Gayle 18.97%
Niels Sondergaard Carit Etlars Vej 18.97%
J. Steven Emerson 9.90%
Bryan Ezralow 9.50%
G. Tyler Runnels 7.80%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Coda Octopus Group Inc. (CODA) Latest News

16 Sep

Impact 4 ·
Impact 4 ·
Impact 4 · · GuruFocus.com
Impact 3 ·

15 Sep

Impact 3 · transcript

14 Sep

Impact 3 · · Moby transcript
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26 Jun

Impact 3 ·

16 Jun

Impact 3 · · Moby transcript

15 Jun

Impact 3 ·
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9 Apr

Impact 4 · · Simply Wall St.

17 Mar

Impact 4 · · GuruFocus.com
Impact 4 · · GlobeNewswire
Impact 3 · · MarketBeat

13 Mar

Impact 4 · · Simply Wall St.

26 Feb

Impact 3 · · Simply Wall St.

10 Feb

Impact 4 · · Simply Wall St.

30 Jan

Impact 3 · · Moby

29 Jan

Impact 4 · · GuruFocus.com transcript
Impact 4 · · MarketBeat transcript
Impact 4 · · The Motley Fool transcript
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12 Jan

Impact 3 · · Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

29 Oct

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9 Oct

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21 Sep

Impact 3 · · Insider Monkey
stockrow.com/CODA · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com