CVD Equipment Corporation
CVV Industrials Specialty Industrial Machinery
CVD Equipment Corporation’s revenue for fiscal 2025 (year ended December 2025) was $25.8 million, down 4.06% from fiscal 2024.
- Revenue
- −61.8%
- EPS
- +1,306.7%
- Free cash flow
- +86.6%
- Total debt
- −32.5%
Quarter to June 2026, against a year earlier
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CVD Equipment Corporation (CVV) Altman Z-score
CVD Equipment Corporation's Altman Z-score for fiscal 2025 is 5.59, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 5.59 | 1.82 |
| FY2024 | 3.78 | 1.11 |
| FY2023 | 2.66 | (1.03) |
| FY2022 | 3.69 | 0.40 |
| FY2021 | 3.28 | 2.50 |
| FY2020 | 0.78 | (0.36) |
| FY2019 | 1.15 | (0.46) |
| FY2018 | 1.61 | (2.74) |
| FY2017 | 4.35 | 0.20 |
| FY2016 | 4.15 | (2.82) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.51 | — | 0.62 | |
| Retained earnings / total assets | (0.22) | — | −0.31 | |
| EBIT / total assets | (0.07) | — | −0.23 | |
| Market value of equity / total liabilities | 7.63 | — | 4.58 | |
| Sales / total assets | 0.94 | — | 0.94 | |
| Altman Z-score | Safe zone | 5.59 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 11.50 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| HUHU HUHUTECH International Group Inc. compare | 7.1× |
| CVV CVD Equipment Corporation | 5.6× |
| JCSE JE Cleantech Holdings Limited compare | 1.8× |
| SPPL SIMPPLE LTD. compare | −0.5× |
| BWEN Broadwind Energy, Inc. compare | −1.3× |
| CETY Clean Energy Technologies, Inc. compare | −4.2× |
| CEPL Capstone Energy+, Inc. compare | −10.8× |
| VGTK Viking Global Technologies Inc. compare | −16.9× |
| HDRN Hadron Energy, Inc. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets