Wednesday 4 November 2026
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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
3.85
0.00
0.00%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 21 | 41 | 24 | 20 | 17 | 16 | 26 | 24 | 27 | 26 | 16 | +2.3% | — | — | — | — | |
| Gross margin, % | 33.90 | 42.79 | 21.28 | 14.23 | 17.04 | 18.71 | 25.67 | 21.03 | 22.51 | 28.26 | 34.35 | (5.6) pt | ||||||
| EBT | (1) | 7 | (6) | (5) | (8) | 5 | 0 | (4) | (2) | (2) | (3) | +10.3% | ||||||
| EBT margin, % | (3.12) | 17.49 | (22.84) | (25.01) | (44.93) | 29.03 | (0.85) | (17.40) | (6.97) | (6.14) | (19.65) | (3.0) pt | ||||||
| Net income | 0 | 5 | (5) | (6) | (6) | 5 | 0 | (4) | (2) | (2) | 10 | +30.0% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 3.33 | 6.45 | 3.75 | 2.99 | 2.55 | 2.46 | 3.83 | 3.55 | 3.94 | 3.75 | 2.33 | +1.3% | |||||
| Earnings | (0.02) | 0.82 | (0.80) | (0.96) | (0.91) | 0.71 | (0.03) | (0.62) | (0.28) | (0.23) | 1.45 | +31.2% | ||||||
| Cash flow | 1.41 | (0.37) | 0.08 | 0.09 | (0.17) | (0.64) | 0.03 | (0.03) | (0.22) | (0.53) | 0.07 | n/m | ||||||
| Capex | (0.02) | (2.34) | (0.39) | (0.41) | (0.24) | 3.42 | (0.11) | 0.03 | 0.02 | (0.01) | 0.08 | (9.9%) | ||||||
| Free cash flow | 1.39 | (2.71) | (0.31) | (0.32) | (0.41) | 2.78 | (0.08) | 0.00 | (0.20) | (0.54) | 0.15 | n/m | ||||||
| Book value | 5.46 | 6.38 | 5.50 | 4.57 | 3.63 | 4.36 | 4.37 | 3.86 | 3.72 | 3.60 | 5.20 | (4.5%) | ||||||
| Shares, m | 6 | 6 | 6 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | +1.0% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 13.83 | 0.00 | 0.00 | 0.00 | 5.90 | 0.00 | 0.00 | 0.00 | 0.00 | 2.66 | 2.0 | |||||
| P/S | 2.56 | 1.76 | 0.95 | 1.08 | 1.42 | 1.68 | 1.47 | 1.34 | 1.12 | 0.82 | 1.65 | 1.4 | ||||||
| P/B | 1.57 | 1.78 | 0.65 | 0.71 | 1.00 | 0.95 | 1.29 | 1.23 | 1.18 | 0.86 | 0.74 | 1.1 | ||||||
| EV/Sales | 1.69 | 1.74 | 1.01 | 1.25 | 1.78 | 0.92 | 0.93 | 0.77 | 0.66 | 0.50 | 0.22 | 1.1 | ||||||
| EV/FCF | 4.04 | (4.14) | (12.10) | (11.58) | (11.14) | 0.82 | (46.77) | (687.67) | (13.15) | (3.44) | 3.41 | (78.5) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 9 | (2) | 1 | 1 | (1) | (4) | 0 | 0 | (1) | (4) | 0 | n/m | |||||
| Capex | 0 | (15) | (3) | (3) | (2) | 23 | (1) | 0 | 0 | 0 | 1 | (9.0%) | ||||||
| Free cash flow | 9 | (17) | (2) | (2) | (3) | 19 | (1) | 0 | (1) | (4) | 1 | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 20 | 22 | 15 | 9 | 8 | 17 | 15 | 14 | 14 | 14 | 26 | (3.9%) | |||||
| Net debt | (18) | (1) | 1 | 3 | 6 | (15) | (14) | (14) | (12) | (9) | (23) | (8.2%) | ||||||
| Shareholders’ equity | 34 | 41 | 36 | 30 | 24 | 29 | 29 | 26 | 25 | 25 | 36 | (3.6%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (0.34) | 10.06 | (9.39) | (12.84) | (13.86) | 12.42 | (0.61) | (11.46) | (5.69) | (5.36) | 29.26 | (5.0) pt | |||||
| ROIC | (2.85) | 11.31 | (8.83) | (9.34) | (16.18) | (20.38) | (7.37) | (24.35) | (11.58) | (7.38) | (17.78) | (4.5) pt | ||||||
| ROE | (0.44) | 14.04 | (13.62) | (19.27) | (22.47) | 17.81 | (0.76) | (15.04) | (7.36) | (6.33) | 32.72 | (5.9) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 173 | 231 | 197 | 172 | 130 | 113 | 136 | 128 | 118 | 85 | — | (7.6%) | |||||
| Revenue/emp, $m | 0.12 | 0.18 | 0.12 | 0.11 | 0.13 | 0.15 | 0.19 | 0.19 | 0.23 | 0.30 | — | +10.7% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
CVD Equipment Corporation vs peers in Specialty Industrial Machinery (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 |
|---|---|---|---|---|---|---|---|---|---|
| CEPL Capstone Energy+, Inc. | $96.5M | — (loss-making) | — (loss-making) | −10.58% (below 0%: shrinking) | n/m | +362.20% (above 0%: growing) | 35.15% | 3.88% | Compare |
| BWEN Broadwind Energy, Inc. | $75.0M | 13.8× | — (loss-making) | −38.06% (below 0%: shrinking) | n/m | +64.68% (above 0%: growing) | 15.62% | (1.02%) | Compare |
| HDRN Hadron Energy, Inc. | $51.3M | 2.1× | — | — | n/m | −1,756.45% (below 0%: shrinking) | — | 0.00% | Compare |
| CVV CVD Equipment Corporation | $26.8M | 2.7× | — (loss-making) | −61.79% (below 0%: shrinking) | n/m | +86.58% (above 0%: growing) | 16.85% | (79.83%) | |
| SPPL SIMPPLE LTD. | $24.0M | — | — | — | — | +67.86% (above 0%: growing) | — | — | Compare |
| VGTK Viking Global Technologies Inc. | $16.8M | — (loss-making) | — (loss-making) | −6.90% (below 0%: shrinking) | n/m | +82.10% (above 0%: growing) | 25.37% | 0.00% | Compare |
| HUHU HUHUTECH International Group Inc. | $11.0M | — | — | — | — | — | — | — | Compare |
| CETY Clean Energy Technologies, Inc. | $10.9M | — (loss-making) | — | +57.38% (above 0%: growing) | n/m | −8.31% (below 0%: shrinking) | 4.73% | (203.31%) | Compare |
| JCSE JE Cleantech Holdings Limited | $8.6M | 39.0× | — | −1.34% (below 0%: shrinking) | −66.67% (below 0%: shrinking) | +714.03% (above 0%: growing) | 21.73% | 0.00% | Compare |
| Median of peers | $20.4M | 13.8× | — | −6.90% | — | +67.86% | 21.73% | 0.00% |
Pay and ownership Proxy statement filed 25 September 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 436.66k | 308.84k | 83.74 |
| 2024 | 435.74k | 399.46k | 104.76 |
| 2023 | 1.11m | 465.14k | 120.05 |
Ownership
Directors and executive officers, together
23.50%
Andrew Africk / ADA Partners, L.P.
19.00%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
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