Revenue performance remains highly erratic, characterized by extreme quarterly fluctuations such as the 45.9% growth in 2025Q4 followed by a -5.4% contraction in 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 27.5M | 27.89M | 26.99M | 31.51M | 33.65M | 33.97M | 27.59M | 32.87M | 37.17M | 35.76M | 37.02M | 36.17M | 37.14M | 37.12M | 34.22M | 30.92M | 28.52M | 21.39M | 28.52M | 37.78M | 40.37M | 39.76M | 39.23M | 38.19M | 43.01M | 40.44M | 45.42M | 49.1M | 44.9M | 44.5M | 22.5M |
| Revenue Growth % | 4.23% | 3.35% | -14.35% | -6.36% | -0.97% | 23.14% | -16.07% | -11.57% | 3.94% | -3.4% | 2.34% | -2.59% | 0.05% | 8.46% | 10.7% | 8.4% | 33.33% | -24.99% | -24.51% | -6.42% | 1.53% | 1.35% | 2.73% | -11.21% | 6.35% | -10.96% | -7.49% | 9.35% | 0.9% | 97.78% | -5.06% |
| Cost of Goods Sold | 24.07M | 23.76M | 25.93M | 32.11M | 29.83M | 27.51M | 22.68M | 27.13M | 29.27M | 27.85M | 27.98M | 28.28M | 28.85M | 28.25M | 26.57M | 24.27M | 22.89M | 18.71M | 24.83M | 30.42M | 32.53M | 34.06M | 30.95M | 30.74M | 32.43M | 31.26M | 33.48M | 33.1M | 30.1M | 29.4M | 14.2M |
| COGS % of Revenue | - | 85.21% | 96.07% | 101.9% | 88.66% | 80.97% | 82.19% | 82.53% | 78.73% | 77.87% | 75.58% | 78.17% | 77.68% | 76.12% | 77.64% | 78.49% | 80.25% | 87.47% | 87.07% | 80.52% | 80.58% | 85.66% | 78.9% | 80.5% | 75.39% | 77.28% | 73.71% | 67.41% | 67.04% | 66.07% | 63.11% |
| Gross Profit | 3.43M | 4.13M | 1.06M | -599.59K | 3.82M | 6.47M | 4.92M | 5.74M | 7.91M | 7.91M | 9.04M | 7.9M | 8.29M | 8.86M | 7.65M | 6.65M | 5.63M | 2.68M | 3.69M | 7.36M | 7.84M | 5.7M | 8.28M | 7.45M | 10.59M | 9.19M | 11.94M | 16M | 14.8M | 15.1M | 8.3M |
| Gross Margin % | 12.46% | 14.79% | 3.93% | -1.9% | 11.34% | 19.03% | 17.81% | 17.47% | 21.27% | 22.13% | 24.42% | 21.83% | 22.32% | 23.88% | 22.36% | 21.51% | 19.75% | 12.53% | 12.93% | 19.48% | 19.42% | 14.34% | 21.1% | 19.5% | 24.61% | 22.72% | 26.29% | 32.59% | 32.96% | 33.93% | 36.89% |
| Gross Profit Growth % | - | 289.17% | 276.82% | -115.72% | -40.99% | 31.53% | -14.44% | -27.34% | -0.1% | -12.48% | 14.52% | -4.75% | -6.47% | 15.84% | 15.07% | 18.03% | 110.16% | -27.29% | -49.91% | -6.12% | 37.55% | -31.14% | 11.16% | -29.65% | 15.22% | -23.08% | -25.36% | 8.11% | -1.99% | 81.93% | -11.7% |
| Operating Expenses | 5.41M | 5.66M | 6.22M | 5.24M | 254.13K | 5.11M | 5M | 5.25M | 5.5M | 5.55M | 5.56M | 5.41M | 5.44M | 5.4M | 5.19M | 5.03M | 4.81M | 4.76M | 5.19M | 5.84M | 6.46M | 6.72M | 6.04M | 6.28M | 6.67M | 6.44M | 7.8M | 10.7M | 9.6M | 9M | 5.5M |
| OpEx % of Revenue | - | 20.3% | 23.06% | 16.62% | 0.76% | 15.03% | 18.12% | 15.98% | 14.8% | 15.51% | 15.02% | 14.95% | 14.65% | 14.54% | 15.16% | 16.28% | 16.86% | 22.26% | 18.18% | 15.45% | 15.99% | 16.91% | 15.4% | 16.44% | 15.52% | 15.92% | 17.17% | 21.79% | 21.38% | 20.22% | 24.44% |
| Selling, General & Admin | 5.41M | 5.66M | 6.22M | 5.24M | 4.99M | 5.11M | 5M | 5.25M | 5.5M | 5.55M | 5.56M | 5.41M | 5.44M | 5.4M | 5.19M | 5.03M | 4.81M | 4.76M | 5.19M | 5.84M | 6.46M | 6.72M | 6.04M | 6.28M | 6.67M | 6.44M | 7.8M | 9M | 8.1M | 7.6M | 4.8M |
| SG&A % of Revenue | - | 20.3% | 23.06% | 16.62% | 14.84% | 15.03% | 18.12% | 15.98% | 14.8% | 15.51% | 15.02% | 14.95% | 14.65% | 14.54% | 15.16% | 16.28% | 16.86% | 22.26% | 18.18% | 15.45% | 15.99% | 16.91% | 15.4% | 16.44% | 15.52% | 15.92% | 17.17% | 18.33% | 18.04% | 17.08% | 21.33% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | -4.74M | 0 | 0 | 0 | 33.4K | 24.98K | 23.38K | 17.9K | 15.38K | 0 | 16.02K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.7M | 1.5M | 1.4M | 700K |
| Operating Income | -1.99M | -1.54M | -5.16M | -5.84M | 3.56M | 1.36M | -83.01K | 491.58K | 2.4M | 2.37M | 3.48M | 2.49M | 2.85M | 3.47M | 2.46M | 1.62M | 825.45K | -2.08M | -1.5M | 1.52M | 1.38M | -1.02M | 2.24M | 1.17M | 3.91M | 2.75M | 4.14M | 5.3M | 5.2M | 6.1M | 2.8M |
| Operating Margin % | -7.23% | -5.51% | -19.14% | -18.53% | 10.58% | 4% | -0.3% | 1.5% | 6.46% | 6.61% | 9.41% | 6.88% | 7.67% | 9.34% | 7.2% | 5.23% | 2.89% | -9.73% | -5.26% | 4.03% | 3.43% | -2.57% | 5.7% | 3.05% | 9.09% | 6.79% | 9.12% | 10.79% | 11.58% | 13.71% | 12.44% |
| Operating Income Growth % | - | 70.25% | 11.53% | -263.91% | 162.06% | 1736.97% | -116.89% | -79.54% | 1.58% | -32.09% | 40.03% | -12.73% | -17.76% | 40.6% | 52.51% | 95.78% | 139.65% | -38.86% | -198.41% | 10.08% | 235.26% | -145.73% | 91.8% | -70.18% | 42.34% | -33.67% | -21.85% | 1.92% | -14.75% | 117.86% | -17.65% |
| EBITDA | -1.09M | -318.59K | -3.99M | -4.56M | 4.84M | 2.68M | 1.26M | 1.87M | 3.71M | 3.6M | 4.73M | 3.75M | 4.11M | 4.56M | 3.46M | 2.59M | 1.83M | -1.05M | -423.28K | 2.66M | 3.04M | 680.28K | 3.99M | 3.03M | 5.83M | 4.67M | 6.03M | 7M | 6.7M | 7.5M | 3.5M |
| EBITDA Margin % | -3.96% | -1.14% | -14.79% | -14.48% | 14.39% | 7.88% | 4.58% | 5.7% | 9.98% | 10.06% | 12.76% | 10.36% | 11.07% | 12.28% | 10.11% | 8.37% | 6.4% | -4.92% | -1.48% | 7.04% | 7.54% | 1.71% | 10.18% | 7.93% | 13.55% | 11.54% | 13.28% | 14.26% | 14.92% | 16.85% | 15.56% |
| EBITDA Growth % | 64.03% | 92.02% | 12.53% | -194.24% | 80.81% | 111.78% | -32.53% | -49.51% | 3.18% | -23.88% | 26.05% | -8.85% | -9.78% | 31.8% | 33.66% | 41.72% | 273.39% | -148.78% | -115.91% | -12.6% | 347.42% | -82.97% | 31.94% | -48.03% | 24.79% | -22.59% | -13.83% | 4.48% | -10.67% | 114.29% | -14.63% |
| D&A (Non-Cash Add-back) | 900.42K | 1.22M | 1.17M | 1.28M | 1.28M | 1.32M | 1.35M | 1.38M | 1.31M | 1.23M | 1.24M | 1.26M | 1.26M | 1.09M | 993.95K | 971.5K | 1M | 1.03M | 1.08M | 1.14M | 1.66M | 1.7M | 1.76M | 1.86M | 1.92M | 1.92M | 1.89M | 1.7M | 1.5M | 1.4M | 700K |
| EBIT | -1.98M | -1.54M | -5.16M | -5.84M | -1.18M | 1.36M | -83.01K | 683.31K | 2.56M | 2.47M | 3.55M | 2.53M | 2.87M | 3.63M | 2.46M | 1.62M | 832.1K | -2.08M | -1.5M | 1.52M | 1.38M | -1.02M | 2.24M | 1.17M | 3.91M | 2.75M | 4.14M | 5.3M | 5.1M | 6.1M | 2.8M |
| Net Interest Income | 2.38K | 0 | 118.13K | 103.23K | 55.33K | 19.8K | 94.96K | 144.73K | 120.14K | 75.93K | 41.88K | 26.54K | 25.9K | 30.8K | 34.14K | 42.28K | 53.5K | 106.8K | 232.62K | 306.82K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -400K | 0 | 0 |
| Interest Income | 2.38K | 0 | 118.13K | 103.23K | 55.33K | 19.8K | 94.96K | 144.73K | 120.14K | 75.93K | 41.88K | 26.54K | 25.9K | 30.8K | 34.14K | 42.28K | 53.5K | 106.8K | 232.62K | 306.82K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 400K | 0 | 0 |
| Other Income/Expense | 8.65K | 357.93K | 120.67K | 108.23K | 91.43K | 55.56K | 148.46K | 191.73K | 153.54K | 100.9K | 65.25K | 44.44K | 41.28K | 160.84K | 118.1K | 249.8K | 61.93K | 121.89K | 247.6K | 323.75K | 264.75K | 418.49K | 78.41K | 76.18K | 50.33K | -56.17K | -155.78K | 0 | 0 | 0 | 300K |
| Pretax Income | -1.98M | -1.18M | -5.04M | -5.73M | 3.65M | 1.41M | 65.45K | 683.31K | 2.56M | 2.47M | 3.55M | 2.53M | 2.91M | 3.63M | 2.58M | 1.87M | 894.02K | -1.96M | -1.25M | 1.85M | 1.65M | -604.61K | 2.32M | 1.24M | 3.96M | 2.69M | 3.99M | 5.3M | 5.1M | 6.1M | 3.1M |
| Pretax Margin % | -7.2% | -4.22% | -18.69% | -18.18% | 10.86% | 4.16% | 0.24% | 2.08% | 6.88% | 6.9% | 9.58% | 7% | 7.83% | 9.77% | 7.55% | 6.04% | 3.13% | -9.16% | -4.39% | 4.89% | 4.08% | -1.52% | 5.9% | 3.25% | 9.21% | 6.65% | 8.78% | 10.79% | 11.36% | 13.71% | 13.78% |
| Income Tax | -133.1K | -95.1K | 572.23K | -1.33M | 785K | 301K | 15K | 145K | 555K | 387K | 1.19M | 844K | 955K | 1.15M | 837K | 611K | 288K | -677K | -426K | 580K | 528K | -206K | 792K | 425K | 1.36M | 899K | 1.33M | 1.8M | 1.7M | 2.2M | 1.2M |
| Effective Tax Rate % | 6.72% | 8.07% | -11.35% | 23.17% | 21.49% | 21.28% | 22.92% | 21.22% | 21.71% | 15.69% | 33.57% | 33.34% | 32.85% | 31.63% | 32.41% | 32.75% | 32.21% | 34.55% | 34.04% | 31.4% | 32.03% | 34.07% | 34.21% | 34.2% | 34.26% | 33.4% | 33.37% | 33.96% | 33.33% | 36.07% | 38.71% |
| Net Income | -1.85M | -1.08M | -5.62M | -4.4M | 2.87M | 1.11M | 50.45K | 538.31K | 2M | 2.08M | 2.36M | 1.69M | 1.95M | 2.48M | 1.75M | 1.25M | 606.02K | -1.28M | -825.48K | 1.27M | 1.12M | -398.61K | 1.52M | 817.53K | 2.6M | 1.79M | 2.66M | 3.5M | 3.4M | 3.9M | 1.9M |
| Net Margin % | -6.71% | -3.88% | -20.81% | -13.97% | 8.52% | 3.28% | 0.18% | 1.64% | 5.38% | 5.81% | 6.37% | 4.67% | 5.26% | 6.68% | 5.1% | 4.06% | 2.12% | -6% | -2.89% | 3.35% | 2.78% | -1% | 3.88% | 2.14% | 6.05% | 4.43% | 5.85% | 7.13% | 7.57% | 8.76% | 8.44% |
| Net Income Growth % | 59.12% | 80.71% | -27.58% | -253.49% | 157.54% | 2107.08% | -90.63% | -73.1% | -3.75% | -11.79% | 39.66% | -13.54% | -21.26% | 42% | 39.12% | 107.07% | 147.24% | -55.39% | -165.15% | 13.07% | 381.13% | -126.17% | 86.35% | -68.61% | 45.29% | -32.52% | -24.11% | 2.94% | -12.82% | 105.26% | -13.64% |
| Net Income (Continuing) | -1.85M | -1.08M | -5.62M | -4.4M | 2.87M | 1.11M | 50.45K | 538.31K | 2M | 2.08M | 2.36M | 1.69M | 1.95M | 2.48M | 1.75M | 1.25M | 606.02K | -1.28M | -825.48K | 1.27M | 1.12M | -398.61K | 1.52M | 817.53K | 2.6M | 1.79M | 2.66M | 3.5M | 3.4M | 3.9M | 1.9M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.91 | -1.12 | -5.81 | -4.56 | 2.97 | 1.15 | 0.05 | 0.56 | 2.07 | 2.15 | 2.44 | 1.75 | 2.02 | 2.57 | 1.81 | 1.30 | 0.63 | -1.33 | -0.85 | 1.31 | 1.16 | -0.41 | 1.58 | 0.85 | 2.69 | 1.85 | 2.60 | 3.00 | 2.90 | 3.30 | 1.67 |
| EPS Growth % | 59.1% | 80.72% | -27.41% | -253.54% | 158.26% | 2200% | -91.07% | -72.95% | -3.72% | -11.89% | 39.43% | -13.37% | -21.4% | 41.99% | 39.23% | 106.35% | 147.37% | -56.47% | -164.89% | 12.93% | 382.93% | -125.95% | 85.88% | -68.4% | 45.41% | -28.85% | -13.33% | 3.45% | -12.12% | 97.6% | -12.57% |
| EPS (Basic) | - | -1.12 | -5.81 | -4.56 | 2.97 | 1.15 | 0.05 | 0.56 | 2.07 | 2.15 | 2.44 | 1.75 | 2.02 | 2.57 | 1.81 | 1.30 | 0.63 | -1.33 | -0.85 | 1.31 | 1.16 | -0.41 | 1.58 | 0.85 | 2.69 | 1.85 | 2.60 | 3.00 | 2.90 | 3.30 | 1.67 |
| Diluted Shares Outstanding | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 967.23K | 966.06K | 972.22K | 964.2K | 961.8K | 968.06K | 968.79K | 1.02M | 1.17M | 1.17M | 1.18M | 1.2M |
| Basic Shares Outstanding | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 966.13K | 967.23K | 966.06K | 972.22K | 964.2K | 961.8K | 968.06K | 968.79K | 1.02M | 1.17M | 1.17M | 1.18M | 1.14M |
| Dividend Payout Ratio | - | - | - | - | 29.65% | 76.36% | 995.81% | 211.78% | 55.04% | 53.44% | 40.58% | 55.53% | 55.44% | 24.55% | 49.81% | 39.27% | 66.96% | - | - | 54.9% | 62.07% | - | 45.66% | 114.63% | 32.29% | 52.34% | 42.53% | 34.29% | 38.24% | 28.21% | 57.89% |
Automotive production volume volatility
As indicated by the quarterly financial data, CVR's top-line performance remains highly inconsistent, with revenue fluctuations ranging from a 45.9% increase in 2025Q4 to a 39.5% contraction in 2024Q4, reflecting the company's extreme sensitivity to the cyclical production schedules of its North American automotive customer base.
The lack of consistent growth suggests that CVR is struggling to maintain a stable order book, likely due to its heavy reliance on specific vehicle platforms. Investors should monitor whether the recent revenue volatility is a result of lumpy equipment sales or a broader decline in fastener demand within the automotive sector.
Based on reported income statements, CVR's gross margin has frequently dipped into single digits or negative territory, such as the -43.7% margin recorded in 2024Q4, highlighting a structural inability to pass through raw material cost increases to its automotive OEM and Tier 1 supplier customers.
The inability to maintain a consistent gross margin suggests that CVR lacks meaningful pricing power in a highly competitive industrial niche. This margin profile indicates that the company is essentially a price-taker, leaving it vulnerable to any inflationary spikes in steel wire and rod costs.
According to the provided financial data, CVR's operating income has failed to scale with revenue, as evidenced by the persistent operating losses that reached -$3.5M in 2024Q4, suggesting that the company's fixed cost base is far too high relative to its current level of manufacturing throughput.
The company's inability to achieve positive operating leverage even during periods of revenue growth implies that its break-even point has risen significantly. This suggests that management may need to undertake a substantial restructuring of its manufacturing footprint to align overhead costs with current demand levels.
As reported in recent filings, CVR's SG&A expenses have remained relatively sticky between $1.3M and $1.7M per quarter, which, when combined with volatile COGS, has consistently eroded the company's ability to achieve sustained profitability despite its long-standing operational history in the specialized fastener market.
The rigidity of the SG&A structure relative to the company's top-line performance indicates a lack of expense discipline or an inability to scale down operations during cyclical downturns. This cost structure warrants further investigation into whether the company is maintaining excess capacity that is no longer economically viable.
While CVR maintains a nearly debt-free balance sheet, the persistent net losses, such as the -$1.2M reported in 2025Q4, suggest that the company's traditional razor-and-blade model may be facing obsolescence as automotive manufacturers shift toward new joining technologies that do not rely on legacy rivet-setting equipment.
Short-term liquidity may be sufficient, but the long-term viability of the business appears increasingly questionable if the company cannot pivot its R&D toward modern fastening requirements. Investors should be wary of the risk that CVR's installed base is shrinking as older vehicle platforms are phased out.
Quick answers to the most common questions about buying CVR stock.
For fiscal year 2025, Chicago Rivet & Machine Co. (CVR) reported total revenue of $27.9M. This represents a 24.0% increase compared to $22.5M in 1996.
Chicago Rivet & Machine Co. (CVR) reported a net loss of $1.1M for the fiscal year ending 2025.
Chicago Rivet & Machine Co. (CVR) reported an operating income of $-1.5M, resulting in an operating profit margin of -5.5%. This margin reflects the operational efficiency of the business before interest and taxes.
Chicago Rivet & Machine Co. (CVR) generated $4.1M in gross profit for the year, representing a gross profit margin of 14.8%. This demonstrates the company's core pricing power and production efficiency.