Saturday 17 October 2026
Export KVHI’s income statement to Excel — free account
KVH Industries, Inc.
KVHI Communication Services Telecom Services
KVH Industries, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $111.0 million, down 2.48% from fiscal 2024. In the quarter to June 2026, revenue grew 26.7%, EPS fell 80.0% and free cash flow fell 95.8%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
5.92
0.10
−1.66%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 0.00 | 0.00 | 7.86 | 0.00 | 0.00 | 5.89 | 0.00 | 0.00 | 0.00 |
Piotroski F-Score |
5 | 4 | 4 | 7 | 5 | 4 | 5 | 4 | 4 | 5 |
Altman Z-Score |
5.06 | 5.22 | 3.46 | 4.30 | 3.22 | 3.16 | 3.37 | 1.85 | 2.10 | 2.52 |
P/S ratio |
1.22 | 0.97 | 0.78 | 1.35 | 1.25 | 1.26 | 1.23 | 1.15 | 1.06 | 1.03 |
P/FCF ratio |
6.47 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 13.93 |
Altman Z″-Score (non-manufacturers) |
10.15 | 12.58 | 8.98 | 7.53 | 4.48 | 3.95 | 5.13 | 1.30 | 2.67 | 3.53 |
Beneish M-Score |
(2.50) | (2.54) | (2.98) | (3.04) | (2.90) | (3.11) | (2.34) | (2.70) | (3.08) | (3.42) |
P/Operating CF |
39.85 | 274.24 | 19.76 | 18.09 | 168.26 | (1,328.10) | (71.57) | 51.32 | 79.17 | (674.41) |
P/B ratio |
1.03 | 0.80 | 0.70 | 1.18 | 1.30 | 1.52 | 1.30 | 1.77 | 1.60 | 1.71 |
Price to Tangible BV |
1.07 | 0.80 | 0.70 | 1.23 | 1.38 | 1.63 | 1.50 | 2.23 | 2.98 | 3.18 |
EV/Sales |
0.66 | 0.59 | 0.31 | 0.85 | 1.12 | 1.07 | 0.98 | 1.24 | 1.08 | 1.07 |
EV/EBITDA |
0.00 | 26.51 | 19.61 | 14.26 | 0.00 | 0.00 | 0.00 | 85.84 | 76.22 | 16.72 |
EV/Operating CF |
4.27 | (5.14) | 16.15 | 13.31 | 51.77 | (55.13) | (10.89) | 36.61 | 15.03 | 10.05 |
EV/FCF |
3.49 | (3.50) | (4.35) | (21.33) | (9.54) | (9.90) | (5.78) | (17.60) | (128.91) | 14.39 |
Quick Ratio |
5.70 | 4.55 | 3.82 | 2.81 | 1.54 | 1.75 | 2.11 | 0.78 | 1.64 | 2.10 |
Current Ratio |
7.07 | 7.72 | 4.76 | 3.50 | 2.59 | 2.48 | 2.85 | 1.39 | 2.26 | 2.75 |
Net Debt/EBITDA |
147.18 | (19.82) | (33.50) | (9.24) | 4.91 | 39.28 | 4.17 | 6.39 | 1.82 | 0.53 |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.77% | 4.12% | 15.65% | 23.98% | 29.06% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.05 | 0.30 | 0.45 | 0.55 |
Asset Turnover |
0.72 | 0.69 | 0.72 | 0.76 | 0.76 | 0.83 | 0.82 | 0.80 | 0.81 | 0.83 |
Operating CF/Net income |
(2.32) | 1.19 | (0.16) | 0.37 | (0.30) | 0.14 | (0.43) | (0.63) | (1.04) | (2.49) |
Capex/Depreciation |
0.37 | (0.42) | (0.61) | (1.03) | (1.28) | (0.63) | (1.09) | (1.24) | (1.17) | (0.45) |
Interest Coverage |
— | (5,941.50) | (17,345.00) | (1,908.33) | (349.91) | (1,274.28) | (20.68) | (5.97) | (5.97) | (0.92) |
| (5.48%) | (7.73%) | (10.09%) | 16.72% | (7.49%) | (15.57%) | 26.66% | (8.02%) | (10.40%) | (6.69%) | |
| (4.82%) | (6.74%) | (8.36%) | 13.17% | (5.54%) | (11.46%) | 17.18% | (4.29%) | (5.57%) | (3.53%) | |
ROIC |
(11.43%) | (8.43%) | (13.97%) | (4.38%) | (11.72%) | (14.18%) | (11.99%) | (5.85%) | (4.99%) | (0.73%) |
Return on Tangible Assets |
(5.99%) | (8.26%) | (10.90%) | 16.46% | (9.13%) | (18.83%) | 26.72% | (11.38%) | (11.26%) | (7.11%) |
Average Days of Receivables |
82.36 | 69.34 | 70.78 | 72.15 | 75.68 | 77.46 | 76.03 | 68.20 | 64.56 | 64.56 |
Research and Development Expense of Revenue |
3.11% | 7.41% | 7.10% | 7.47% | 8.27% | 9.95% | 10.09% | 9.77% | 9.91% | 9.10% |
Selling, General and Administrative Expense of Revenue |
32.19% | 32.97% | 30.08% | 34.49% | 40.59% | 34.18% | 37.32% | 35.14% | 39.25% | 35.27% |
Intangible Assets out of Total Assets |
0.03 | 0.01 | 0.01 | 0.03 | 0.05 | 0.05 | 0.10 | 0.11 | 0.25 | 0.25 |
Share Based Compensation of Revenue |
1.41% | 1.78% | 1.57% | 2.47% | 3.07% | 2.18% | 2.63% | 2.17% | 2.20% | 2.07% |
Graham Net Nets |
0.72 | 0.96 | 0.91 | 0.49 | 0.29 | 0.25 | 0.31 | (0.06) | 0.04 | 0.09 |
Graham Number |
0.00 | 0.00 | 0.00 | 15.65 | 0.00 | 0.00 | 19.11 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
(5.45%) | (9.82%) | (14.51%) | 12.72% | (5.77%) | (10.84%) | 16.98% | (4.76%) | (6.50%) | (4.17%) |
Free Cash Flow Yield |
15.46% | (17.48%) | (9.13%) | (2.96%) | (9.43%) | (8.55%) | (13.73%) | (6.14%) | (0.79%) | 7.18% |
Revenue per Share |
5.72 | 5.87 | 6.92 | 7.45 | 7.35 | 8.98 | 9.04 | 8.96 | 9.75 | 11.12 |
Operating CF per Share |
0.88 | (0.68) | 0.13 | 0.48 | 0.16 | (0.17) | (0.81) | 0.30 | 0.70 | 1.18 |
Capex per Share |
0.20 | (0.31) | (0.62) | (0.78) | (1.03) | (0.80) | (0.72) | (0.93) | (0.78) | (0.36) |
Free Cash Flow per Share |
1.08 | (0.99) | (0.49) | (0.30) | (0.87) | (0.97) | (1.53) | (0.63) | (0.08) | 0.83 |
Cash per Share |
3.60 | 2.61 | 3.65 | 4.12 | 1.35 | 2.13 | 2.76 | 0.89 | 2.61 | 3.29 |
Shareholders Equity per Share |
6.75 | 7.15 | 7.70 | 8.50 | 7.08 | 7.46 | 8.59 | 5.83 | 6.44 | 6.73 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
6.75 | 7.15 | 7.70 | 8.50 | 7.08 | 7.46 | 8.59 | 5.83 | 6.44 | 6.73 |
Free Cash Flow |
21.03 | (19.26) | (9.40) | (5.55) | (15.79) | (17.14) | (26.68) | (10.76) | (1.34) | 13.07 |
Working Capital |
101.13 | 106.70 | 93.85 | 92.84 | 53.95 | 60.27 | 70.88 | 21.73 | 54.43 | 69.19 |
Capital Expenditures |
3.92 | (6.09) | (11.93) | (14.44) | (18.70) | (14.06) | (12.52) | (15.94) | (12.87) | (5.63) |
Net Current Asset Value |
97.28 | 106.12 | 93.56 | 92.14 | 48.01 | 49.35 | 59.87 | (10.40) | 7.21 | 15.58 |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
(0.04) | 0.05 | 0.09 | 0.10 | 0.14 | 0.09 | 0.08 | 0.10 | 0.08 | 0.03 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.49 | 0.53 | 0.41 | 0.26 | 0.28 | 0.39 | 0.21 | 0.25 | 0.25 | 0.34 |
Cash ROIC |
10.47% | (10.18%) | (4.33%) | (2.36%) | (10.29%) | (9.71%) | (12.92%) | (7.46%) | (0.69%) | 6.03% |
Accounts Receivable Turnover |
4.76 | 4.81 | 4.99 | 5.03 | 4.36 | 4.77 | 5.14 | 5.38 | 5.38 | 4.69 |
Accounts Payable Turnover |
18.83 | 17.28 | 7.49 | 5.76 | 8.43 | 7.65 | 6.56 | 5.85 | 7.46 | 11.41 |
Inventory Turnover |
4.39 | 3.74 | 4.52 | 4.47 | 4.35 | 4.20 | 4.49 | 4.16 | 4.15 | 4.69 |
Average Days of Payables |
19.78 | 20.04 | 18.46 | 86.54 | 39.37 | 41.15 | 52.68 | 64.33 | 63.70 | 31.01 |
Days of Inventory on Hand |
65.35 | 106.58 | 73.56 | 96.19 | 65.61 | 89.06 | 82.24 | 88.19 | 92.02 | 76.25 |
Average Receivables |
23.34 | 23.65 | 26.55 | 27.60 | 30.73 | 33.29 | 30.74 | 28.45 | 29.73 | 37.52 |
Average Payables |
4.41 | 4.55 | 12.61 | 14.98 | 10.45 | 13.22 | 15.88 | 16.24 | 12.09 | 8.71 |
Average Inventory |
18.91 | 21.00 | 20.89 | 19.28 | 20.25 | 24.07 | 23.20 | 22.84 | 21.74 | 21.17 |
Average Assets |
153.29 | 163.86 | 184.44 | 182.52 | 176.19 | 191.49 | 193.52 | 191.95 | 198.00 | 213.02 |
Average Common Equity |
134.80 | 143.00 | 152.91 | 143.71 | 130.43 | 140.94 | 124.75 | 102.59 | 106.08 | 112.34 |
Columns are period end dates