Friday 6 November 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.

Revenue: +35.1%
EPS: +91.7%
Free cash flow: −71.6%

Quarter to September 2026, against a year earlier

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6.04 1.05 −14.81%

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Market cap: $109.6M
P/E: 205×
Fwd P/E: 46.4×
Dividend yield: —
F-score: 5/9
Altman Z: 5.06
Beneish M: −2.50
Dividend safety: n/a

Overview

	Dec '25	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16
P/E ratio Full definition →	0.00	0.00	0.00	7.86	0.00	0.00	5.89	0.00	0.00	0.00
Piotroski F-Score Full definition →	5	4	4	7	5	4	5	4	4	5
Altman Z-Score Full definition →	5.06	5.22	3.46	4.30	3.22	3.16	3.37	1.85	2.10	2.52
P/S ratio Full definition →	1.22	0.97	0.78	1.35	1.25	1.26	1.23	1.15	1.06	1.03
P/FCF ratio Full definition →	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) Full definition →	10.15	12.58	8.98	7.53	4.48	3.95	5.13	1.30	2.67	3.53
Beneish M-Score Full definition →	(2.50)	(2.54)	(2.98)	(3.04)	(2.90)	(3.11)	(2.34)	(2.70)	(3.08)	(3.42)
P/Operating CF Full definition →	39.85	274.24	19.76	18.09	168.26	(1,328.10)	(71.57)	51.32	79.17	(674.41)
P/B ratio Full definition →	1.03	0.80	0.70	1.18	1.30	1.52	1.30	1.77	1.60	1.71
Price to Tangible BV Full definition →	1.07	0.80	0.70	1.23	1.38	1.63	1.50	2.23	2.98	3.18
EV/Sales Full definition →	0.66	0.59	0.31	0.85	1.12	1.07	0.98	1.24	1.08	1.07
EV/EBITDA Full definition →	0.00	26.51	19.61	14.26	0.00	0.00	0.00	85.84	76.22	16.72
EV/Operating CF Full definition →	4.27	(5.14)	16.15	13.31	51.77	(55.13)	(10.89)	36.61	15.03	10.05
EV/FCF Full definition →	3.49	(3.50)	(4.35)	(21.33)	(9.54)	(9.90)	(5.78)	(17.60)	(128.91)	14.39
Quick Ratio Full definition →	5.70	4.55	3.82	2.81	1.54	1.75	2.11	0.78	1.64	2.10
Current Ratio Full definition →	7.07	7.72	4.76	3.50	2.59	2.48	2.85	1.39	2.26	2.75
Net Debt/EBITDA Full definition →	147.18	(19.82)	(33.50)	(9.24)	4.91	39.28	4.17	6.39	1.82	0.53
Debt/Assets Full definition →	0.00%	0.00%	0.00%	0.00%	0.00%	3.77%	4.12%	15.65%	23.98%	29.06%
Debt/Equity Full definition →	0.00	0.00	0.00	0.00	0.00	0.05	0.05	0.30	0.45	0.55
Asset Turnover Full definition →	0.72	0.69	0.72	0.76	0.76	0.83	0.82	0.80	0.81	0.83
Operating CF/Net income Full definition →	(2.32)	1.19	(0.16)	0.37	(0.30)	0.14	(0.43)	(0.63)	(1.04)	(2.49)
Capex/Depreciation Full definition →	0.37	(0.42)	(0.61)	(1.03)	(1.28)	(0.63)	(1.09)	(1.24)	(1.17)	(0.45)
Interest Coverage Full definition →	—	(5,941.50)	(17,345.00)	(1,908.33)	(349.91)	(1,274.28)	(20.68)	(5.97)	(5.97)	(0.92)
ROE Full definition →	(5.48%)	(7.73%)	(10.09%)	16.72%	(7.49%)	(15.57%)	26.66%	(8.02%)	(10.40%)	(6.69%)
ROA Full definition →	(4.82%)	(6.74%)	(8.36%)	13.17%	(5.54%)	(11.46%)	17.18%	(4.29%)	(5.57%)	(3.53%)
ROIC Full definition →	(11.43%)	(8.43%)	(13.97%)	(4.38%)	(11.72%)	(14.18%)	(11.99%)	(5.85%)	(4.99%)	(0.73%)
Return on Tangible Assets Full definition →	(5.99%)	(8.26%)	(10.90%)	16.46%	(9.13%)	(18.83%)	26.72%	(11.38%)	(11.26%)	(7.11%)
Average Days of Receivables Full definition →	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 Full definition →	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 Full definition →	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 Full definition →	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 Full definition →	1.41%	1.78%	1.57%	2.47%	3.07%	2.18%	2.63%	2.17%	2.20%	2.07%
Graham Net Nets Full definition →	0.72	0.96	0.91	0.49	0.29	0.25	0.31	(0.06)	0.04	0.09
Graham Number Full definition →	0.00	0.00	0.00	15.65	0.00	0.00	19.11	0.00	0.00	0.00
Earnings Yield Full definition →	(5.45%)	(9.82%)	(14.51%)	12.72%	(5.77%)	(10.84%)	16.98%	(4.76%)	(6.50%)	(4.17%)
Free Cash Flow Yield Full definition →	15.46%	(17.48%)	(9.13%)	(2.96%)	(9.43%)	(8.55%)	(13.73%)	(6.14%)	(0.79%)	7.18%
Revenue per Share Full definition →	5.72	5.87	6.92	7.45	7.35	8.98	9.04	8.96	9.75	11.12
Operating CF per Share Full definition →	0.88	(0.68)	0.13	0.48	0.16	(0.17)	(0.81)	0.30	0.70	1.18
Capex per Share Full definition →	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 Full definition →	1.08	(0.99)	(0.49)	(0.30)	(0.87)	(0.97)	(1.53)	(0.63)	(0.08)	0.83
Cash per Share Full definition →	3.60	2.61	3.65	4.12	1.35	2.13	2.76	0.89	2.61	3.29
Shareholders Equity per Share Full definition →	6.75	7.15	7.70	8.50	7.08	7.46	8.59	5.83	6.44	6.73
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	6.75	7.15	7.70	8.50	7.08	7.46	8.59	5.83	6.44	6.73
Free Cash Flow Full definition →	21.03	(19.26)	(9.40)	(5.55)	(15.79)	(17.14)	(26.68)	(10.76)	(1.34)	13.07
Working Capital Full definition →	101.13	106.70	93.85	92.84	53.95	60.27	70.88	21.73	54.43	69.19
Capital Expenditures Full definition →	3.92	(6.09)	(11.93)	(14.44)	(18.70)	(14.06)	(12.52)	(15.94)	(12.87)	(5.63)
Net Current Asset Value Full definition →	97.28	106.12	93.56	92.14	48.01	49.35	59.87	(10.40)	7.21	15.58
EV/EBIT Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capex to Sales Full definition →	(0.04)	0.05	0.09	0.10	0.14	0.09	0.08	0.10	0.08	0.03
Price to Operating Income Full definition →	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 Full definition →	0.49	0.53	0.41	0.26	0.28	0.39	0.21	0.25	0.25	0.34
Cash ROIC Full definition →	10.47%	(10.18%)	(4.33%)	(2.36%)	(10.29%)	(9.71%)	(12.92%)	(7.46%)	(0.69%)	6.03%
Accounts Receivable Turnover Full definition →	4.76	4.81	4.99	5.03	4.36	4.77	5.14	5.38	5.38	4.69
Accounts Payable Turnover Full definition →	18.83	17.28	7.49	5.76	8.43	7.65	6.56	5.85	7.46	11.41
Inventory Turnover Full definition →	4.39	3.74	4.52	4.47	4.35	4.20	4.49	4.16	4.15	4.69
Average Days of Payables Full definition →	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 Full definition →	65.35	106.58	73.56	96.19	65.61	89.06	82.24	88.19	92.02	76.25
Average Receivables Full definition →	23.34	23.65	26.55	27.60	30.73	33.29	30.74	28.45	29.73	37.52
Average Payables Full definition →	4.41	4.55	12.61	14.98	10.45	13.22	15.88	16.24	12.09	8.71
Average Inventory Full definition →	18.91	21.00	20.89	19.28	20.25	24.07	23.20	22.84	21.74	21.17
Average Assets Full definition →	153.29	163.86	184.44	182.52	176.19	191.49	193.52	191.95	198.00	213.02
Average Common Equity Full definition →	134.80	143.00	152.91	143.71	130.43	140.94	124.75	102.59	106.08	112.34

Show all line items

Columns are period end dates · fundamentals updated 5 Nov 2026

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