Latest Ratios: P/E Ratio -76.6x · EV/EBITDA 384.1x · ROE -3.3%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $67M | $51M | $52M | $34M | $40M | $33M | $46M | $79M | $60M | $79M | $80M |
| Enterprise Value | $94M | $78M | $67M | $54M | $65M | $61M | $77M | $111M | $87M | $110M | $112M |
| P/E Ratio → | -76.60 | — | 15.58 | 1.98 | 4.32 | 4.87 | — | — | 27.70 | 13.77 | — |
| P/S Ratio | 0.96 | 0.73 | 0.64 | 0.39 | 0.48 | 0.32 | 0.52 | 0.91 | 0.72 | 0.97 | 0.98 |
| P/B Ratio | 2.50 | 1.97 | 1.99 | 1.54 | 9.45 | — | — | — | 0.65 | 1.06 | 1.18 |
| P/FCF | — | — | 16.32 | 8.99 | 43.88 | 12.02 | — | — | — | 61.29 | — |
| P/OCF | — | — | 14.47 | 8.67 | 41.98 | 11.89 | — | — | — | 50.30 | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.12 | 0.82 | 0.63 | 0.79 | 0.59 | 0.88 | 1.26 | 1.03 | 1.35 | 1.38 |
| EV / EBITDA | 384.08 | 319.26 | 9.29 | 7.99 | 11.73 | 14.53 | — | — | 9.27 | 10.13 | — |
| EV / EBIT | — | — | 9.88 | 8.59 | 13.38 | 7.67 | — | — | — | 10.76 | — |
| EV / FCF | — | — | 21.09 | 14.30 | 72.48 | 22.08 | — | — | — | 84.88 | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 15.2% | 15.2% | 21.3% | 19.7% | 19.6% | 14.5% | 11.1% | 7.8% | 21.6% | 22.9% | 5.3% |
| Operating Margin | -0.3% | -0.3% | 8.3% | 7.3% | 5.9% | 3.1% | -2.6% | -5.4% | 10.3% | 12.5% | -5.3% |
| Net Profit Margin | -1.2% | -1.2% | 4.1% | 19.9% | 11.0% | 6.6% | -4.2% | -7.7% | 2.6% | 7.1% | -4.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -3.3% | -3.3% | 13.7% | 130.9% | 218.6% | — | — | -15.8% | 2.6% | 8.1% | -5.2% |
| ROA | -1.2% | -1.2% | 4.6% | 25.7% | 16.0% | 13.4% | -8.0% | -7.2% | 1.7% | 4.8% | -3.1% |
| ROIC | -0.3% | -0.3% | 12.1% | 13.1% | 14.0% | 11.5% | -8.1% | -5.0% | 5.8% | 7.5% | -3.3% |
| ROCE | -0.4% | -0.4% | 16.0% | 17.5% | 18.5% | 15.7% | -11.5% | -7.6% | 9.4% | 12.8% | -5.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.09 | 1.09 | 0.79 | 1.14 | 7.07 | — | — | — | 0.32 | 0.43 | 0.49 |
| Debt / EBITDA | 114.91 | 114.91 | 2.86 | 3.72 | 5.32 | 8.12 | — | — | 3.25 | 2.95 | — |
| Net Debt / Equity | — | 1.05 | 0.58 | 0.91 | 6.16 | — | — | — | 0.28 | 0.41 | 0.47 |
| Net Debt / EBITDA | 111.23 | 111.23 | 2.10 | 2.97 | 4.63 | 6.62 | — | — | 2.81 | 2.81 | — |
| Debt / FCF | — | — | 4.76 | 5.31 | 28.60 | 10.06 | — | — | — | 23.58 | — |
| Interest Coverage | -0.11 | -0.11 | 2.94 | 2.57 | 2.15 | 6.99 | -1.61 | -2.21 | -2.79 | 5.99 | -3.18 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.89 | 1.89 | 1.65 | 1.49 | 1.43 | 1.39 | 1.26 | 1.66 | 3.35 | 2.85 | 2.73 |
| Quick Ratio | 1.85 | 1.85 | 1.61 | 1.44 | 1.34 | 1.26 | 1.04 | 1.38 | 3.12 | 2.81 | 2.73 |
| Cash Ratio | 0.04 | 0.04 | 0.21 | 0.16 | 0.13 | 0.20 | 0.20 | 0.19 | 0.10 | 0.03 | 0.03 |
| Asset Turnover | — | 0.92 | 1.19 | 1.16 | 1.40 | 1.88 | 1.88 | 1.97 | 0.58 | 0.65 | 0.69 |
| Inventory Turnover | 73.31 | 73.31 | 69.52 | 48.31 | 26.89 | 21.93 | 12.19 | 13.70 | 6.77 | 37.17 | — |
| Days Sales Outstanding | — | 30.38 | 164.53 | 167.43 | 157.16 | 114.11 | 103.07 | 95.03 | 116.32 | 523.31 | 485.11 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 6.4% | 50.5% | 23.1% | 20.5% | — | — | 3.6% | 7.3% | — |
| FCF Yield | — | — | 6.1% | 11.1% | 2.3% | 8.3% | — | — | — | 1.6% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $13M | $13M | $12M | $12M | $12M | $12M | $12M | $9M | $9M | $9M |
Liquidity and program volatility
Based on reported financial data, CVU trades at an EV/EBITDA of 384.08, a multiple that appears disconnected from fundamental performance and suggests the market is struggling to price the company's erratic earnings profile relative to more stable aerospace peers like Leonardo DRS.
The extreme valuation multiple reflects the company's current inability to generate consistent EBITDA, rendering traditional valuation metrics less useful for gauging intrinsic value. Investors should monitor whether this premium is a mispricing of the company's niche defense incumbency or a reflection of the significant execution risk inherent in its project-based revenue model.
As reported in recent financial statements, CVU's gross margin has fluctuated significantly, reaching a low of 4.4% in 2025Q2, which underscores the company's limited pricing power and vulnerability to cost overruns within its fixed-price contract portfolio for complex aerospace structural assemblies.
The inconsistency in operating margins suggests that the company's fixed-cost base is not being adequately absorbed by current revenue levels. This volatility warrants further investigation into whether the firm's reliance on Estimates at Completion (EAC) adjustments is masking underlying structural margin compression.
According to the provided quarterly data, the cash conversion cycle has remained highly erratic, peaking at 139 days in 2025Q1, which highlights the company's difficulty in managing the timing of supplier payments versus the collection of receivables from major defense prime contractors.
The extended DSO figures suggest that CVU lacks the leverage to accelerate cash inflows, forcing a reliance on working capital that strains its already thin cash reserves. This inefficiency appears to be a structural drag on the company's ability to self-fund its operations without external support.
Based on the provided quarterly data, CVU's debt-to-equity ratio has hovered near 1.09 as of 2025Q4, indicating that the company relies heavily on external financing to bridge the gap between its project-based cash outflows and the delayed receipt of payments from major defense prime contractors.
While the debt load appears manageable in isolation, the low interest coverage ratios in several recent quarters suggest that even minor operational disruptions could threaten the company's ability to service its obligations. Investors should monitor the sustainability of this leverage profile if revenue contraction persists.
The P/E ratio is frequently misapplied to CVU's business model, as the company's reliance on percentage-of-completion accounting and frequent EAC adjustments renders GAAP earnings a poor proxy for the actual cash-generating capacity of its aerospace manufacturing and kitting operations.
Analysts should instead focus on free cash flow and backlog conversion rates to better understand the underlying economic health of the firm. Relying on P/E multiples in this context obscures the reality that the company's reported earnings are often decoupled from the liquid resources required to sustain its facility.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying CVU stock.
CPI Aerostructures, Inc.'s current P/E ratio is -76.6x. The historical average is 20.6x.
CPI Aerostructures, Inc.'s current EV/EBITDA is 384.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.1x.
CPI Aerostructures, Inc.'s return on equity (ROE) is -3.3%. The historical average is 11.1%.
Based on historical data, CPI Aerostructures, Inc. is trading at a P/E of -76.6x. Compare with industry peers and growth rates for a complete picture.
CPI Aerostructures, Inc. has 15.2% gross margin and -0.3% operating margin.
CPI Aerostructures, Inc.'s Debt/EBITDA ratio is 114.9x, indicating high leverage. A ratio above 4x may signal elevated financial risk.