Twin Vee Powercats Co.(VEEE)Earnings, Financials & Key Ratios
VEEE•NASDAQ
$6.01
$319678 mkt cap·Price updated May 6, 2026
AboutTwin Vee PowerCats Co. designs, manufactures, and markets recreational and commercial power catamaran boats. The company operated through three segments: Gas-Powered Boat, Electric-Powered Boat, and Franchise. The company's boats allow consumers to use them for a range of recreational activities, including fishing, diving, and water skiing; and commercial activities, including transportation, eco tours, fishing and diving expeditions. Further, it is developing fully electric and gas-powered boats. The company sells its boats through a network of 19 independent boat dealers in North America and the Caribbean. Twin Vee PowerCats Co. was founded in 1996 and is headquartered in Fort Pierce, Florida. Twin Vee Powercats Co. operates as a subsidiary of Twin Vee PowerCats, Inc.Show more
- Revenue$15M+3.0%
- EBITDA-$6M+49.7%
- Net Income-$9M+22.1%
- EPS (Diluted)-161.69+60.3%
- Gross Margin8.48%+262.4%
- EBITDA Margin-43.44%+51.2%
- Operating Margin-55.14%+45.5%
- Net Margin-58.08%+24.3%
- ROE-52.67%-22.2%
- ROIC-43.96%+29.2%
- Debt/Equity0.04-78.4%
- Interest Coverage-104.96-69.5%
VEEE Key Insights
Twin Vee Powercats Co. (VEEE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Company is almost debt free
- ✓Trading at only 0.0x book value
✗Weaknesses
- ✗Negative free cash flow
- ✗Weak momentum: RS Rating 1 (bottom 1%)
- ✗Shares diluted 96.2% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
VEEE Price & Volume
Twin Vee Powercats Co. (VEEE) stock price & volume — 10-year historical chart
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VEEE Growth Metrics
Twin Vee Powercats Co. (VEEE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years6.02%
3 Years-22.62%
TTM2.99%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM22.08%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-147.55%
Return on Capital
10 Years-22%
5 Years-33.55%
3 Years-43.28%
Last Year-45.24%
VEEE Peer Comparison
Twin Vee Powercats Co. (VEEE) competitors in Marine Manufacturers and Propulsion — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MBUU | 506.15M | 25.70 | 33.82 | -2.59% | 1.76% | 2.88% | 0.05 | |
 MCFT | 393M | 24.14 | 56.14 | -22.47% | 5.27% | 8.42% | ||
 HZO | 688.14M | 31.24 | -21.85 | -5.01% | -2.83% | -6.71% | 1.31 | |
 BC | 5.3B | 81.46 | -39.16 | 2.4% | -2.47% | -5.12% | 1.49 | |
 ONEW | 187.57M | 11.29 | -1.56 | 5.62% | -5.88% | -33% | 3.38 | |
 PII | 3.8B | 67.04 | -8.20 | -0.33% | -6.13% | -45.24% | 1.83 | |
 HOG | 2.67B | 23.84 | 8.58 | -13.76% | 5.34% | 7.03% | 0.97 | |
 DOOO | 2.34B | 64.23 | -31.06 | -24.47% | -0.48% | -7.62% | 12.68 |
Compare VEEE vs Peers
Twin Vee Powercats Co. (VEEE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
VEEE Income Statement
Twin Vee Powercats Co. (VEEE) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 10.43M | 11.06M | 15.77M | 31.99M | 33.43M | 14.39M | 14.82M |
| Revenue Growth % | - | 6.05% | 42.58% | 102.79% | 4.5% | -56.95% | 2.99% |
| Cost of Goods Sold | 6.35M | 6.29M | 9.5M | 21.33M | 30.16M | 15.14M | 13.56M |
| COGS % of Revenue | 60.91% | 56.85% | 60.21% | 66.68% | 90.23% | 105.22% | 91.52% |
| Gross Profit | 4.08M▲ 0% | 4.77M▲ 17.1% | 6.28M▲ 31.4% | 10.66M▲ 69.8% | 3.27M▼ 69.3% | -751.42K▼ 123.0% | 1.26M▲ 267.3% |
| Gross Margin % | 39.09% | 43.15% | 39.79% | 33.32% | 9.77% | -5.22% | 8.48% |
| Gross Profit Growth % | - | 17.09% | 31.45% | 69.81% | -69.34% | -123% | 267.3% |
| Operating Expenses | 4.24M | 4.05M | 7.91M | 16.68M | 15.25M | 13.8M | 9.43M |
| OpEx % of Revenue | 40.63% | 36.64% | 50.12% | 52.14% | 45.64% | 95.91% | 63.63% |
| Selling, General & Admin | 4.12M | 3.9M | 7.5M | 15.18M | 12.46M | 9.67M | 7.69M |
| SG&A % of Revenue | 39.53% | 35.23% | 47.53% | 47.47% | 37.27% | 67.22% | 51.92% |
| Research & Development | 0 | 0 | 211.11K | 941.53K | 1.44M | 586.38K | 0 |
| R&D % of Revenue | - | - | 1.34% | 2.94% | 4.32% | 4.08% | - |
| Other Operating Expenses | 115.06K | 155.73K | 198.52K | 553.75K | 1.35M | 3.54M | 1.73M |
| Operating Income | -161.23K▲ 0% | 720.83K▲ 547.1% | -1.63M▼ 326.2% | -6.02M▼ 269.3% | -11.99M▼ 99.1% | -14.55M▼ 21.4% | -8.17M▲ 43.8% |
| Operating Margin % | -1.55% | 6.52% | -10.34% | -18.83% | -35.86% | -101.13% | -55.14% |
| Operating Income Growth % | - | 547.09% | -326.23% | -269.27% | -99.07% | -21.39% | 43.84% |
| EBITDA | -46.17K | 876.56K | -1.43M | -5.47M | -10.63M | -12.81M | -6.44M |
| EBITDA Margin % | -0.44% | 7.92% | -9.08% | -17.09% | -31.81% | -89.01% | -43.44% |
| EBITDA Growth % | - | 1998.51% | -263.39% | -281.79% | -94.48% | -20.43% | 49.73% |
| D&A (Non-Cash Add-back) | 115.06K | 155.73K | 198.52K | 553.75K | 1.35M | 1.75M | 1.73M |
| EBIT | -161.23K | 1.35M | -874.3K | -5.63M | -9.56M | -13.79M | -8.53M |
| Net Interest Income | -165.47K | -178.58K | -136.71K | -88.75K | -172.79K | -72.04K | 117.41K |
| Interest Income | 0 | 0 | 0 | 75.4K | 48.37K | 150.55K | 198.64K |
| Interest Expense | 165.47K | 178.58K | 136.71K | 164.16K | 221.16K | 222.59K | 81.23K |
| Other Income/Expense | -165.47K | 450.24K | 619.71K | 228.29K | 2.21M | 541.86K | -435.31K |
| Pretax Income | -326.69K▲ 0% | 1.17M▲ 458.5% | -1.01M▼ 186.3% | -5.79M▼ 473.0% | -9.78M▼ 68.9% | -14.01M▼ 43.2% | -8.61M▲ 38.6% |
| Pretax Margin % | -3.13% | 10.58% | -6.41% | -18.11% | -29.27% | -97.37% | -58.08% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -326.69K▲ 0% | 1.17M▲ 458.5% | -1.01M▼ 186.3% | -5.14M▼ 408.1% | -7.19M▼ 40.0% | -11.05M▼ 53.6% | -8.61M▲ 22.1% |
| Net Margin % | -3.13% | 10.58% | -6.41% | -16.06% | -21.52% | -76.77% | -58.08% |
| Net Income Growth % | - | 458.46% | -186.33% | -408.13% | -40% | -53.58% | 22.08% |
| Net Income (Continuing) | -326.69K | 1.17M | -1.01M | -5.79M | -9.78M | -14.01M | -8.61M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 4.59M | 8.54M | 0 | 0 |
| EPS (Diluted) | -2.45▲ 0% | 5.92▲ 342.1% | -5.92▼ 200.0% | -28.86▼ 387.5% | -28.12▲ 2.6% | -407.37▼ 1348.7% | -161.69▲ 60.3% |
| EPS Growth % | - | 342.06% | -200% | -387.5% | 2.56% | -1348.68% | 60.31% |
| EPS (Basic) | -2.45 | 5.92 | -5.92 | -28.86 | -28.12 | -407.37 | -161.69 |
| Diluted Shares Outstanding | 201.35K | 201.35K | 189.19K | 206.08K | 257.3K | 27.11K | 53.19K |
| Basic Shares Outstanding | 201.35K | 201.35K | 189.19K | 206.08K | 257.3K | 27.11K | 53.19K |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
VEEE Balance Sheet
Twin Vee Powercats Co. (VEEE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 931.93K | 1.83M | 13.07M | 29.89M | 26.65M | 10.42M | 4.9M |
| Cash & Short-Term Investments | 215.57K | 891.82K | 9.97M | 24.98M | 20.96M | 7.49M | 1.43M |
| Cash Only | 215.57K | 891.82K | 6.98M | 23.5M | 16.5M | 7.49M | 1.43M |
| Short-Term Investments | 0 | 0 | 3M | 1.48M | 4.46M | 0 | 0 |
| Accounts Receivable | 0 | 6.1K | 292.06K | 14.17K | 80.16K | 0 | 531.25K |
| Days Sales Outstanding | - | 0.2 | 6.76 | 0.16 | 0.88 | - | 13.08 |
| Inventory | 704.16K | 936.68K | 1.8M | 4.01M | 4.88M | 2.52M | 2.49M |
| Days Inventory Outstanding | 40.44 | 54.36 | 69.16 | 68.59 | 59.12 | 60.68 | 67.09 |
| Other Current Assets | 0 | 0 | 105.5K | 882.42K | 720.75K | 411.26K | 441.65K |
| Total Non-Current Assets | 1.33M | 2.67M | 7.53M | 8.34M | 13.2M | 15.47M | 11.34M |
| Property, Plant & Equipment | 1.33M | 2.64M | 4.43M | 6.87M | 13.15M | 15.43M | 8.34M |
| Fixed Asset Turnover | 7.87x | 4.18x | 3.56x | 4.66x | 2.54x | 0.93x | 1.78x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 3.07M | 1.45M | 0 | 0 | 2.97M |
| Other Non-Current Assets | 0 | 25K | 25K | 32.52K | 51.42K | 40.28K | 26.19K |
| Total Assets | 2.26M▲ 0% | 4.5M▲ 99.5% | 20.6M▲ 357.3% | 38.23M▲ 85.6% | 39.85M▲ 4.2% | 25.89M▼ 35.0% | 16.23M▼ 37.3% |
| Asset Turnover | 4.62x | 2.46x | 0.77x | 0.84x | 0.84x | 0.56x | 0.91x |
| Asset Growth % | - | 99.5% | 357.3% | 85.6% | 4.22% | -35.03% | -37.29% |
| Total Current Liabilities | 1.62M | 1.44M | 2.16M | 3.79M | 4.22M | 3.75M | 2.24M |
| Accounts Payable | 863.64K | 799.28K | 1.2M | 2.07M | 2.4M | 2.22M | 1.11M |
| Days Payables Outstanding | 49.6 | 46.39 | 46.15 | 35.35 | 29.03 | 53.4 | 30 |
| Short-Term Debt | 0 | 27.85K | 0 | 0 | 0 | 0 | 19.5K |
| Deferred Revenue (Current) | 71.5K | 6.78K | 14.1K | 5.3K | 44.2K | 80K | 0 |
| Other Current Liabilities | 158.53K | -27.85K | 75K | 906.79K | 192.89K | 213.55K | 1.11M |
| Current Ratio | 0.58x | 1.27x | 6.07x | 7.88x | 6.32x | 2.78x | 2.18x |
| Quick Ratio | 0.14x | 0.62x | 5.23x | 6.83x | 5.16x | 2.11x | 1.07x |
| Cash Conversion Cycle | - | 8.18 | 29.77 | 33.4 | 30.96 | - | 50.17 |
| Total Non-Current Liabilities | 525.5K | 1.52M | 1.74M | 1.42M | 3.58M | 2.92M | 522.04K |
| Long-Term Debt | 525.5K | 499.9K | 499.9K | 499.9K | 499.9K | 499.9K | 499.9K |
| Capital Lease Obligations | 0 | 1.02M | 1.24M | 919.63K | 3.08M | 2.42M | 22.14K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 1 | 0 |
| Total Liabilities | 2.14M | 2.96M | 3.9M | 5.21M | 7.8M | 6.67M | 2.77M |
| Total Debt | 971.26K | 1.84M | 2.11M | 1.9M | 4.28M | 3.58M | 541.54K |
| Net Debt | 755.69K | 947.07K | -4.86M | -21.6M | -12.22M | -3.91M | -890.03K |
| Debt / Equity | 8.40x | 1.19x | 0.13x | 0.06x | 0.13x | 0.19x | 0.04x |
| Debt / EBITDA | - | 2.10x | - | - | - | - | - |
| Net Debt / EBITDA | - | 1.08x | - | - | - | - | - |
| Interest Coverage | -0.97x | 7.56x | -6.40x | -34.29x | -43.23x | -61.94x | -104.96x |
| Total Equity | 115.61K▲ 0% | 1.55M▲ 1239.7% | 16.7M▲ 978.2% | 33.02M▲ 97.7% | 32.05M▼ 2.9% | 19.22M▼ 40.0% | 13.47M▼ 29.9% |
| Equity Growth % | - | 1239.75% | 978.21% | 97.73% | -2.94% | -40.04% | -29.92% |
| Book Value per Share | 0.57 | 7.69 | 88.27 | 160.23 | 124.56 | 708.74 | 253.19 |
| Total Shareholders' Equity | 115.61K | 1.55M | 16.7M | 28.44M | 23.51M | 19.22M | 13.47M |
| Common Stock | 4K | 4K | 7K | 9.52K | 9.52K | 14.87K | 2.24K |
| Retained Earnings | -2.18M | -1.01M | -2.02M | -7.15M | -14.35M | -25.39M | -34M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 4.59M | 8.54M | 0 | 0 |
VEEE Cash Flow Statement
Twin Vee Powercats Co. (VEEE) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -152.26K | 640.25K | -1.95M | -4.15M | -6.93M | -6.97M | -6.88M |
| Operating CF Margin % | -1.46% | 5.79% | -12.35% | -12.96% | -20.75% | -48.47% | -46.42% |
| Operating CF Growth % | - | 520.5% | -404.18% | -112.89% | -67.26% | -0.56% | 1.36% |
| Net Income | -326.69K | 1.17M | -1.01M | -5.79M | -7.19M | -14.01M | 0 |
| Depreciation & Amortization | 115.06K | 462.87K | 198.52K | 553.75K | 1.35M | 1.75M | 0 |
| Stock-Based Compensation | 0 | 0 | 309.83K | 1.45M | 1.9M | 1.18M | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 0 | -628.83K | 83.49K | 591.21K | -1.78M | 1.98M | -5.48M |
| Working Capital Changes | 59.38K | -364.87K | -1.53M | -946.33K | -1.22M | 2.14M | -1.4M |
| Change in Receivables | 74.45K | -3.27K | -5.14K | -9.03K | -65.99K | 80.16K | 0 |
| Change in Inventory | 163.06K | -232.52K | -913.51K | -2.21M | -1.3M | 2.7M | -66.67K |
| Change in Payables | -103.19K | -64.36K | 401.58K | 864.82K | 333.35K | -183.95K | -1.1M |
| Cash from Investing | -675.74K | -200.45K | -8.04M | -195.6K | -6.63M | -1.86M | -1.59M |
| Capital Expenditures | -675.74K | -525.2K | -1.94M | -3.37M | -5.16M | -6.34M | 0 |
| CapEx % of Revenue | 6.48% | 4.75% | 12.3% | 10.52% | 15.44% | 44.07% | 14.56% |
| Acquisitions | 0 | 349.74K | 0 | 175K | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | -25K | 0 | -3.01M | -18.9K | 17.14K | -1.59M |
| Cash from Financing | 1.02M | 236.44K | 16.07M | 20.87M | 6.82M | -213.74K | 2.41M |
| Debt Issued (Net) | -117.53K | 165.99K | 608.22K | 0 | -90.15K | -213.74K | -115.45K |
| Equity Issued (Net) | 0 | 262.16K | 15.75M | 20.94M | 6.91M | 0 | 2.56M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | -21.38K | 0 | 0 |
| Other Financing | 1.14M | -191.71K | -286.47K | -69.48K | 0 | 0 | -30K |
| Net Change in Cash | 191.82K▲ 0% | 676.24K▲ 252.5% | 6.08M▲ 799.6% | 16.53M▲ 171.6% | -6.75M▼ 140.8% | -9.05M▼ 34.1% | -6.06M▲ 33.0% |
| Free Cash Flow | -828K▲ 0% | 115.06K▲ 113.9% | -3.89M▼ 3479.4% | -7.51M▼ 93.2% | -12.1M▼ 61.0% | -13.32M▼ 10.1% | -9.04M▲ 32.1% |
| FCF Margin % | -7.94% | 1.04% | -24.65% | -23.48% | -36.19% | -92.54% | -60.97% |
| FCF Growth % | - | 113.9% | -3479.4% | -93.19% | -61.05% | -10.07% | 32.14% |
| FCF per Share | -4.11 | 0.57 | -20.55 | -36.45 | -47.02 | -491.09 | -169.87 |
| FCF Conversion (FCF/Net Income) | 0.47x | 0.55x | 1.93x | 0.81x | 0.96x | 0.63x | 0.80x |
| Interest Paid | 0 | 0 | 165.19K | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
VEEE Key Ratios
Twin Vee Powercats Co. (VEEE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -282.59% | 140.72% | -11.08% | -20.66% | -22.11% | -43.09% | -52.67% |
| Return on Invested Capital (ROIC) | - | 32.11% | -17.07% | -38.84% | -57.54% | -62.12% | -43.96% |
| Gross Margin | 39.09% | 43.15% | 39.79% | 33.32% | 9.77% | -5.22% | 8.48% |
| Net Margin | -3.13% | 10.58% | -6.41% | -16.06% | -21.52% | -76.77% | -58.08% |
| Debt / Equity | 8.40x | 1.19x | 0.13x | 0.06x | 0.13x | 0.19x | 0.04x |
| Interest Coverage | -0.97x | 7.56x | -6.40x | -34.29x | -43.23x | -61.94x | -104.96x |
| FCF Conversion | 0.47x | 0.55x | 1.93x | 0.81x | 0.96x | 0.63x | 0.80x |
| Revenue Growth | - | 6.05% | 42.58% | 102.79% | 4.5% | -56.95% | 2.99% |
VEEE Frequently Asked Questions
Twin Vee Powercats Co. (VEEE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Twin Vee Powercats Co. (VEEE) reported $14.8M in revenue for fiscal year 2025. This represents a 42% increase from $10.4M in 2019.
Twin Vee Powercats Co. (VEEE) grew revenue by 3.0% over the past year. Growth has been modest.
Twin Vee Powercats Co. (VEEE) reported a net loss of $8.6M for fiscal year 2025.
Dividend & Returns
Twin Vee Powercats Co. (VEEE) has a return on equity (ROE) of -52.7%. Negative ROE indicates the company is unprofitable.
Twin Vee Powercats Co. (VEEE) had negative free cash flow of $2.6M in fiscal year 2025, likely due to heavy capital investments.
Explore More VEEE
Twin Vee Powercats Co. (VEEE) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates