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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. In the quarter to July 2026, revenue grew 9.24%, EPS grew 9.09% and free cash flow fell 24.4%, each against the same quarter a year earlier.

9.93 0.01 +0.10%
Market cap
$111.9M
P/E
22.6×
Fwd P/E
22.3×
Dividend yield
—
F-score
6/9
Altman Z
12.23
Beneish M
−2.61
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.32
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — 2 — — — — — — —
Insider Ownership 51.15%

Capital & Financial Ratios $m

Market Cap 111.93
Revenue 28.60
Net Income 5.04
Free Cash Flow 5.69
Net Debt (31.71)
Current Ratio 10.06 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 22.57
Fwd P/E 22.30
P/S ratio 3.92
P/B ratio 1.79
Past 5Y EPS Growth 4.28%
This Y EPS Growth 27.03% (at or above 15%: strong)
Next Y EPS Growth 20.21% (at or above 15%: strong)
Next Y revenue growth 9.93%
Next 5Y EPS Growth 21.58% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.8×, against a ten-year median of 2.6×; over the ten years it ranged from 0.5× in 2016 to 6.5× in 2019.
P/E against its own 10 years 61.43%
10-year low 10-year high
P/S against its own 10 years 65.57%
10-year low 10-year high
P/B against its own 10 years 39.12%
10-year low 10-year high
EV/Sales against its own 10 years 60.23%
10-year low 10-year high
EV/FCF against its own 10 years 41.10%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
special payouts not included in total or ratios

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%

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to October

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 0.84 2.31 3.28 5.66 4.26 5.76 4.75 5.51 5.21 5.76

Analyst estimates 2026–2028

Powerpack
High 2.80 7.00 8.44 19.20 8.90 10.17 8.24 11.09 9.89 10.54
People
People Employees — 110 115 120 110 95 83 83 103 100
Revenue/emp, $m 0.00 0.16 0.16 0.21 0.18 0.22 0.27 0.23 0.20 0.27
Income, $m
Income, $m Revenue 21 18 18 25 20 21 22 19 20 27
Gross margin, % 59.91 66.39 70.27 65.57 63.51 69.24 68.35 67.34 69.76 66.49
EBT 5 3 3 6 3 5 5 3 5 6
EBT margin, % 22.99 18.54 17.22 24.87 16.97 24.63 23.09 17.68 22.70 20.75
Net income 5 3 5 5 3 5 4 3 4 4
Depreciation 1 1 1 1 1 1 1 1 1 1
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
Earnings 0.70 0.37 0.49 0.49 0.31 0.46 0.40 0.28 0.33 0.37
Cash flow 0.53 0.53 0.24 0.60 0.41 0.30 0.62 0.21 0.22 0.64
Capex (0.07) (0.23) (0.06) (0.15) (0.09) (0.09) (0.05) (0.14) 0.02 (0.11)
Free cash flow 0.46 0.31 0.18 0.45 0.32 0.21 0.57 0.08 0.24 0.54
Book value 1.23 1.52 2.42 2.87 3.20 3.80 3.99 4.35 4.76 5.17
Shares, m 8 9 10 11 11 11 11 11 11 11
Valuation, ×
Valuation, × P/E 0.00 13.83 12.56 14.98 15.79 18.80 16.05 23.57 25.85 28.47
P/S 0.67 2.52 3.41 3.13 2.79 4.28 3.14 3.80 4.69 4.33
P/B 0.00 3.28 2.52 2.56 1.63 2.23 1.61 1.52 1.79 1.98
EV/Sales 0.67 2.47 3.05 2.68 2.04 3.47 2.13 2.56 3.60 3.27
EV/FCF 3.14 16.02 29.44 14.07 11.89 32.14 7.66 56.90 27.78 14.44
Cash, $m
Cash, $m Operating cash flow 4 5 2 6 4 3 7 2 2 7
Capex (1) (2) (1) (2) (1) (1) (1) (2) 0 (1)
Free cash flow 4 3 2 5 3 2 6 1 3 6
Balance, $m
Balance, $m Working capital 12 11 15 21 24 31 34 38 39 44
Total debt 9 6 1 1 0 0 — — — —
Net debt 4 (1) (6) (11) (15) (18) (23) (24) (22) (29)
Shareholders’ equity 10 14 24 31 34 41 43 48 53 58
Returns, %
Returns, % ROA 30.29 14.24 18.90 16.52 9.22 11.85 9.31 6.33 6.67 6.77
ROIC 25.23 18.30 11.54 20.07 9.07 10.29 15.29 7.14 7.31 9.63
ROE (342.13) 27.85 26.11 19.00 10.28 13.12 10.19 6.81 7.18 7.42
Negative figures in brackets.

All 10 years →

Fiscal years to Oct 2025 · latest quarter Jul 2026 · fundamentals updated 2 Oct 2026

Charts ten years each

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
AIRO AIRO Group Holdings, Inc. $173.2M — (loss-making) — (loss-making) +75.89% (above 0%: growing) n/m −55.38% (below 0%: shrinking) 64.12% 3.83% Compare
SIF SIFCO Industries, Inc. $133.2M 31.8× — +18.33% (above 0%: growing) n/m −792.26% (below 0%: shrinking) 13.09% 1.09% Compare
SIDU Sidus Space, Inc. $125.5M — (loss-making) — (loss-making) −53.76% (below 0%: shrinking) n/m −18.26% (below 0%: shrinking) (107.99%) (976.20%) Compare
MRLN Merlin Inc $113.2M — (loss-making) — — n/m −119.70% (below 0%: shrinking) (5.42%) (1,528.58%) Compare
CODA Coda Octopus Group Inc. $111.9M 22.6× 22.3× +9.24% (above 0%: growing) +9.09% (above 0%: growing) −24.37% (below 0%: shrinking) 65.44% 19.87%
BYRN Byrna Technologies Inc. $111.9M — (loss-making) 888× −45.72% (below 0%: shrinking) n/m +87.91% (above 0%: growing) 79.46% (19.16%) Compare
HOVR New Horizon Aircraft Ltd. $94.7M — (loss-making) — — n/m −208.15% (below 0%: shrinking) — 0.00% Compare
SPAI Safe Pro Group Inc. $71.9M — (loss-making) — (loss-making) +1,335.45% (above 0%: growing) n/m −159.09% (below 0%: shrinking) 64.02% (245.60%) Compare
OPXS Optex Systems Holdings Inc. $69.3M 17.5× 18.2× −12.43% (below 0%: shrinking) −18.18% (below 0%: shrinking) +53.00% (above 0%: growing) 34.18% 14.30% Compare
Median of peers $112.5M — — +2.95% — −87.54% 34.18% (9.58%)

All 82 Aerospace & Defense stocks →

Coda Octopus Group Inc. (CODA) key facts

  • Strength: Coda Octopus Group Inc.’s revenue for fiscal 2025 (year ended October 2025) was $26.6 million, up 30.7% from fiscal 2024.
  • Coda Octopus Group Inc. (CODA) is an Aerospace & Defense company in the Industrials sector, listed on Nasdaq.
  • As of October 16, 2026, CODA traded at $9.93, a market capitalization of $111.9 million.
  • Return on equity was 7.42% and debt-to-equity 0.00.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 12.23 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 2, 2026.

Coda Octopus Group Inc. (CODA) Latest News

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stockrow.com/CODA · Data as of Oct 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com