Vision Marine Technologies Inc.(VMAR)Earnings, Financials & Key Ratios
VMAR•NASDAQ
$0.92
$3M mkt cap·Price updated May 6, 2026
AboutVision Marine Technologies Inc. designs, develops, and manufactures electric outboard powertrain systems and electric boats in Canada, the United States, and internationally. It operates in two segments, Sale of Electric Boats and Rental of Electric Boats. The company offers outboard motors, boat parts, and related maintenance services. It also operates an electric boat rental center with a fleet of approximately 20 ships located in Newport beach, California. The company provides its products through its retail e-commerce website, as well as rental boating companies, distributors, and dealers. It serves original equipment manufacturers and end-consumers. The company was formerly known as The Canadian Electric Boat Company. The company was founded in 1995 and is headquartered in Boisbriand, Canada. Vision Marine Technologies Inc. operates as a subsidiary of West Island Brands Inc.Show more
- Revenue$19M+404.9%
- EBITDA-$13M+14.7%
- Net Income-$30M-112.4%
- EPS (Diluted)-1347.98-4696694.4%
- Gross Margin2.14%+102.8%
- EBITDA Margin-69.04%+83.1%
- Operating Margin-74.56%+82.9%
- Net Margin-156.53%+57.9%
- ROE-556.95%-115.4%
- ROIC-42.21%+80.9%
- Debt/Equity5.51+2208.3%
- Interest Coverage-12.72+80.8%
VMAR Key Insights
Vision Marine Technologies Inc. (VMAR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 91 (top 9%)
- ✓Strong 5Y sales CAGR of 51.8%
- ✓Share count reduced 85.6% through buybacks
- ✓Trading at only 0.5x book value
✗Weaknesses
- ✗High debt to equity ratio of 5.5x
- ✗Negative free cash flow
- ✗Low quality earnings: Net income not backed by cash flow
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
VMAR Price & Volume
Vision Marine Technologies Inc. (VMAR) stock price & volume — 10-year historical chart
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VMAR Growth Metrics
Vision Marine Technologies Inc. (VMAR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years51.82%
3 Years35.8%
TTM1510.24%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-76.17%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-20797%
Return on Capital
10 Years-85.22%
5 Years-120.59%
3 Years-164.49%
Last Year-124.19%
VMAR Peer Comparison
Vision Marine Technologies Inc. (VMAR) 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 |
|---|---|---|---|---|---|---|---|---|
 MPAA | 223.21M | 11.62 | -11.74 | 5.53% | 0.25% | 0.75% | 0.78 | |
 MBUU | 506.15M | 25.70 | 33.82 | -2.59% | 1.76% | 2.88% | 0.05 | |
 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 | |
 MCFT | 393M | 24.14 | 56.14 | -22.47% | 5.27% | 8.42% | ||
 WAVE | 47.39M | 8.13 | -21.97 | -45.1% | -17.6% | -40.89% | 0.16 | |
 WKHS | 35.81M | 4.07 | -0.08 | -49.47% | -6.07% | -198.1% | 0.37 | |
 TSLA | 1.5T | 398.53 | 369.01 | -2.93% | 3.96% | 4.75% | 0.10 |
Compare VMAR vs Peers
Vision Marine Technologies Inc. (VMAR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
VMAR Income Statement
Vision Marine Technologies Inc. (VMAR) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Aug'18 | Aug'19 | Aug'20 | Aug'21 | Aug'22 | Aug'23 | Aug'24 | Aug'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 1.29M | 2.88M | 2.36M | 3.48M | 7.59M | 5.68M | 3.76M | 19M | 40.58M |
| Revenue Growth % | - | 122.68% | -18.16% | 47.65% | 118.12% | -25.09% | -33.79% | 404.95% | 1510.24% |
| Cost of Goods Sold | 890.01K | 1.96M | 1.79M | 2.07M | 4.47M | 4.73M | 6.61M | 18.59M | 37.32M |
| COGS % of Revenue | 68.85% | 68.25% | 76.15% | 59.61% | 58.96% | 83.24% | 175.58% | 97.86% | - |
| Gross Profit | 402.72K▲ 0% | 913.83K▲ 126.9% | 561.9K▼ 38.5% | 1.41M▲ 150.1% | 3.11M▲ 121.6% | 952.84K▼ 69.4% | -2.84M▼ 398.5% | 406.26K▲ 114.3% | 3.25M▲ 0% |
| Gross Margin % | 31.15% | 31.75% | 23.85% | 40.39% | 41.04% | 16.76% | -75.58% | 2.14% | 8.02% |
| Gross Profit Growth % | - | 126.92% | -38.51% | 150.06% | 121.63% | -69.4% | -398.47% | 114.28% | - |
| Operating Expenses | 408.94K | 579.05K | 2.66M | 14.11M | 16.3M | 21.31M | 13.56M | 14.57M | 15.5M |
| OpEx % of Revenue | 31.63% | 20.12% | 113.04% | 405.63% | 214.81% | 374.95% | 360.42% | 76.7% | - |
| Selling, General & Admin | 408.94K | 579.05K | 2.66M | 12.64M | 13.98M | 15.57M | 10.85M | 12.95M | 13.87M |
| SG&A % of Revenue | 31.63% | 20.12% | 113.04% | 363.23% | 184.3% | 274.01% | 288.23% | 68.14% | - |
| Research & Development | 0 | 0 | 0 | 1.48M | 2.31M | 5.74M | 2.72M | 1.63M | 1.62M |
| R&D % of Revenue | - | - | - | 42.4% | 30.51% | 100.94% | 72.19% | 8.56% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -6.22K▲ 0% | 334.78K▲ 5478.8% | -2.1M▼ 727.7% | -12.71M▼ 504.6% | -13.18M▼ 3.8% | -20.36M▼ 54.4% | -16.41M▲ 19.4% | -14.17M▲ 13.7% | -12.24M▲ 0% |
| Operating Margin % | -0.48% | 11.63% | -89.19% | -365.24% | -173.77% | -358.19% | -436% | -74.56% | -30.18% |
| Operating Income Growth % | - | 5478.81% | -727.66% | -504.64% | -3.78% | -54.41% | 19.41% | 13.65% | - |
| EBITDA | 24.65K | 370K | -1.94M | -12.29M | -12.2M | -19.29M | -15.39M | -13.12M | -10.39M |
| EBITDA Margin % | 1.91% | 12.85% | -82.15% | -353.37% | -160.77% | -339.42% | -408.9% | -69.04% | -25.61% |
| EBITDA Growth % | - | 1401.01% | -623.06% | -535.14% | 0.76% | -58.14% | 20.24% | 14.75% | 6.12% |
| D&A (Non-Cash Add-back) | 30.87K | 35.22K | 165.92K | 412.87K | 986.25K | 1.07M | 1.02M | 1.05M | 1.85M |
| EBIT | 5.93K | 332.98K | -2.09M | -14.74M | -13.08M | -21.14M | -14M | -28.62M | -27.71M |
| Net Interest Income | -40.62K | -34.57K | -104.39K | -121.86K | 200.65K | -28.95K | -184.07K | -898.43K | -2.35M |
| Interest Income | 0 | 0 | 0 | 0 | 391.49K | 113.98K | 63.59K | 215.2K | 213.74K |
| Interest Expense | 40.62K | 34.57K | 104.39K | 121.86K | 190.84K | 142.92K | 247.66K | 1.11M | 2.56M |
| Other Income/Expense | -28.46K | -36.36K | -95.91K | -2.15M | -82.3K | -920.18K | 2.16M | -15.56M | -17.2M |
| Pretax Income | -34.68K▲ 0% | 298.41K▲ 960.4% | -2.2M▼ 836.3% | -14.86M▼ 576.2% | -13.27M▲ 10.7% | -21.28M▼ 60.4% | -14.25M▲ 33.0% | -29.73M▼ 108.7% | -29.45M▲ 0% |
| Pretax Margin % | -2.68% | 10.37% | -93.26% | -427.13% | -174.85% | -374.38% | -378.62% | -156.47% | -72.57% |
| Income Tax | 154.26K | 64.59K | 20.77K | 104.53K | 266.65K | -282.47K | -241.5K | 10.83K | -28.07K |
| Effective Tax Rate % | -444.78% | 21.65% | -0.95% | -0.7% | -2.01% | 1.33% | 1.7% | -0.04% | 0.1% |
| Net Income | -188.94K▲ 0% | 233.82K▲ 223.8% | -2.22M▼ 1048.6% | -14.96M▼ 574.6% | -13.53M▲ 9.5% | -21M▼ 55.1% | -14.01M▲ 33.3% | -29.74M▼ 112.4% | -29.42M▲ 0% |
| Net Margin % | -14.62% | 8.12% | -94.14% | -430.13% | -178.37% | -369.41% | -372.2% | -156.53% | -72.5% |
| Net Income Growth % | - | 223.75% | -1048.57% | -574.61% | 9.55% | -55.14% | 33.29% | -112.35% | -76.17% |
| Net Income (Continuing) | -188.94K | 233.82K | -2.22M | -14.96M | -13.53M | -21M | -14.01M | -29.74M | -29.42M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.00▲ 0% | 0.00▲ 200.0% | -0.01▼ 1300.0% | -0.05▼ 531.9% | -0.04▲ 13.2% | -0.06▼ 42.5% | -0.03▲ 49.0% | -1347.98▼ 4696694.4% | -5.89▲ 0% |
| EPS Growth % | - | - | - | - | 13.19% | -42.41% | 48.89% | -4688526.09% | -20797% |
| EPS (Basic) | -0.00 | 0.00 | -0.01 | -0.05 | -0.04 | -0.06 | -0.03 | -1347.98 | - |
| Diluted Shares Outstanding | 15.88M | 15.88M | 15.88M | 16.65M | 16.64M | 18.54M | 24.48M | 3.53M | 4.99M |
| Basic Shares Outstanding | 15.16M | 15.88M | 15.88M | 16.65M | 16.64M | 18.54M | 24.48M | 3.53M | 4.99M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
VMAR Balance Sheet
Vision Marine Technologies Inc. (VMAR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Aug'18 | Aug'19 | Aug'20 | Aug'21 | Aug'22 | Aug'23 | Aug'24 | Aug'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.58M | 1.37M | 2.44M | 21.32M | 11.6M | 6.27M | 6.38M | 58.97M | 45.95M |
| Cash & Short-Term Investments | 68.37K | 0 | 1.3M | 18.15M | 5.82M | 2.48M | 46.79K | 7.42M | 2.3M |
| Cash Only | 0 | 0 | 1.3M | 18.15M | 5.82M | 2.48M | 46.79K | 7.42M | 2.3M |
| Short-Term Investments | 68.37K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 578.21K | 501.86K | 484.5K | 652.65K | 1.21M | 508.74K | 136.62K | 10.91M | 7.05M |
| Days Sales Outstanding | 163.26 | 63.63 | 75.06 | 68.48 | 58.22 | 32.67 | 13.25 | 209.59 | 42.02 |
| Inventory | 931.71K | 818.81K | 491.53K | 1.98M | 2.09M | 1.81M | 4.6M | 36.87M | 31.37M |
| Days Inventory Outstanding | 382.1 | 152.11 | 100 | 347.86 | 170.84 | 139.41 | 254.27 | 723.76 | 201.74 |
| Other Current Assets | 0 | 37.5K | 65 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 414.91K | 547.79K | 1.19M | 17.48M | 17.5M | 11.57M | 2.07M | 10.94M | 13.72M |
| Property, Plant & Equipment | 355.31K | 507.48K | 1.19M | 4.32M | 4.48M | 3.56M | 1.36M | 10.38M | 13.17M |
| Fixed Asset Turnover | 3.64x | 5.67x | 1.98x | 0.81x | 1.69x | 1.60x | 2.76x | 1.83x | 6.04x |
| Goodwill | 0 | 0 | 0 | 9.03M | 9.35M | 7.15M | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 1.23M | 1.11M | 713.06K | 643.77K | 481.2K | 464.14K |
| Long-Term Investments | 0 | 0 | 0 | 33.28K | 118.88K | 84.78K | 5.93K | 81.66K | 195.72K |
| Other Non-Current Assets | 38.71K | 40.31K | 0 | 2.85M | 2.44M | 0 | 0 | 0 | 175.4K |
| Total Assets | 1.99M▲ 0% | 1.91M▼ 3.9% | 3.63M▲ 89.7% | 38.8M▲ 968.4% | 29.1M▼ 25.0% | 17.84M▼ 38.7% | 8.46M▼ 52.6% | 69.91M▲ 726.8% | 59.66M▲ 0% |
| Asset Turnover | 0.65x | 1.50x | 0.65x | 0.09x | 0.26x | 0.32x | 0.44x | 0.27x | 0.89x |
| Asset Growth % | - | -3.94% | 89.68% | 968.43% | -25% | -38.68% | -52.61% | 726.78% | 1152.31% |
| Total Current Liabilities | 1.89M | 1.46M | 1.91M | 2.69M | 2.87M | 7.69M | 5.86M | 49.7M | 41.24M |
| Accounts Payable | 469.23K | 346.68K | 590.5K | 560.87K | 737.95K | 1.3M | 2.88M | 8.05M | 8.95M |
| Days Payables Outstanding | 192.44 | 64.4 | 120.13 | 98.73 | 60.21 | 100.04 | 159.02 | 158.03 | 46.55 |
| Short-Term Debt | 140.49K | 301.44K | 227.25K | 10.18K | 72.09K | 315.14K | 75.16K | 33.17M | 23.12M |
| Deferred Revenue (Current) | 676.07K | 180.07K | 20.44K | 898.71K | 1.03M | 1.34M | 613.48K | 5.67M | 13.61M |
| Other Current Liabilities | 0 | 0 | 0 | 237.44K | 177.83K | 4.26M | 1.75M | 576.94K | 469.95K |
| Current Ratio | 0.83x | 0.94x | 1.28x | 7.91x | 4.04x | 0.82x | 1.09x | 1.19x | 1.19x |
| Quick Ratio | 0.34x | 0.38x | 1.02x | 7.18x | 3.31x | 0.58x | 0.30x | 0.44x | 0.44x |
| Cash Conversion Cycle | 352.92 | 151.34 | 54.93 | 317.61 | 168.84 | 72.04 | 108.5 | 775.32 | 197.22 |
| Total Non-Current Liabilities | 505.71K | 587.33K | 932.88K | 2.58M | 2.2M | 1.55M | 366.88K | 11.77M | 14.17M |
| Long-Term Debt | 60.98K | 125.86K | 354.49K | 53.94K | 155.26K | 24.96K | 264.8K | 6.42M | 6.49M |
| Capital Lease Obligations | 0 | 3.84K | 552.17K | 2.4M | 1.85M | 1.47M | 102.08K | 5.34M | 13.15M |
| Deferred Tax Liabilities | 0 | 4.91K | 26.22K | 122.66K | 188.04K | 48.58K | 0 | 5.89K | 8.62K |
| Other Non-Current Liabilities | 444.73K | 452.72K | 26.22K | 0 | 0 | 0 | 0 | 0 | 3.64M |
| Total Liabilities | 2.4M | 2.05M | 2.84M | 5.28M | 5.07M | 9.24M | 6.23M | 61.46M | 55.41M |
| Total Debt | 201.47K | 435.52K | 1.25M | 3.03M | 2.64M | 2.29M | 532.53K | 46.6M | 39.74M |
| Net Debt | 201.47K | 435.52K | -42.03K | -15.12M | -3.18M | -189.98K | 485.74K | 39.18M | 37.44M |
| Debt / Equity | - | - | 1.58x | 0.09x | 0.11x | 0.27x | 0.24x | 5.51x | 5.51x |
| Debt / EBITDA | 8.17x | 1.18x | - | - | - | - | - | - | -3.82x |
| Net Debt / EBITDA | 8.17x | 1.18x | - | - | - | - | - | - | -3.60x |
| Interest Coverage | -0.15x | 9.68x | -20.13x | -104.26x | -69.09x | -142.44x | -66.25x | -12.72x | -10.81x |
| Total Equity | -402.79K▲ 0% | -132.3K▲ 67.2% | 791.91K▲ 698.6% | 33.53M▲ 4133.4% | 24.03M▼ 28.3% | 8.61M▼ 64.2% | 2.23M▼ 74.1% | 8.45M▲ 279.1% | 4.25M▲ 0% |
| Equity Growth % | - | 67.15% | 698.57% | 4133.43% | -28.33% | -64.18% | -74.1% | 279.07% | 850.37% |
| Book Value per Share | -0.03 | -0.01 | 0.05 | 2.01 | 1.44 | 0.46 | 0.09 | 2.39 | 0.85 |
| Total Shareholders' Equity | -402.79K | -132.3K | 791.91K | 33.53M | 24.03M | 8.61M | 2.23M | 8.45M | 4.25M |
| Common Stock | 600 | 525 | 2.5M | 42.83M | 43.44M | 38.34M | 42.03M | 67.14M | 67.29M |
| Retained Earnings | -403.39K | -170.33K | -2.45M | -17.56M | -30.67M | -39.55M | -49.93M | -71.58M | -75.89M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 388.57K | 697.67K | 693.37K | 717.75K | 1.1M | 878.04K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
VMAR Cash Flow Statement
Vision Marine Technologies Inc. (VMAR) cash flow — operating, investing & free cash flow history
| Line item | Aug'18 | Aug'19 | Aug'20 | Aug'21 | Aug'22 | Aug'23 | Aug'24 | Aug'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 125.04K | -112.37K | -434.66K | -8.25M | -11M | -14.01M | -11.64M | -12.27M | -12.27M |
| Operating CF Margin % | 9.67% | -3.9% | -18.45% | -237.21% | -144.93% | -246.46% | -309.39% | -64.56% | - |
| Operating CF Growth % | - | -189.87% | -286.82% | -1798.37% | -33.27% | -27.38% | 16.89% | -5.37% | 527.32% |
| Net Income | -185.85K | 233.07K | -2.28M | -15.11M | -13.11M | -20.88M | -14.06M | -29.74M | -29.42M |
| Depreciation & Amortization | 30.37K | 35.11K | 170.18K | 417.05K | 955.51K | 1.06M | 1.02M | 1.05M | 1.85M |
| Stock-Based Compensation | 0 | 0 | 1.31M | 7.12M | 2.7M | 1.14M | 395.99K | 0 | 392.64K |
| Deferred Taxes | 86.71K | 25.8K | 21.31K | 105.59K | 258.34K | -280.88K | -255.46K | 10.83K | -15.74K |
| Other Non-Cash Items | 9.31K | 5.14K | 47.91K | 729.09K | 807.43K | 2.66M | 2M | 15.56M | 11.72M |
| Working Capital Changes | 184.5K | -411.49K | 289.4K | -1.51M | -2.61M | 2.29M | -744.4K | 857.99K | 11.06M |
| Change in Receivables | -23.41K | -42.54K | 22.76K | -232.72K | -152.81K | -78.29K | 253.23K | 147.72K | 189.55K |
| Change in Inventory | -507.09K | 112.89K | 327.28K | -1.47M | -117.69K | -351.78K | -3.78M | 4.05M | 11.89M |
| Change in Payables | 114.44K | 14.15K | 98.99K | -202.4K | 0 | 1.84M | 0 | -1.8M | 2.24M |
| Cash from Investing | -108.38K | -109.18K | -37.66K | -9.47M | -964.5K | -537.02K | 615.61K | 2.12M | 7.4M |
| Capital Expenditures | -1.75K | -175.95K | -77.97K | -1.07M | -1.21M | -938.8K | -536.95K | -448.84K | -428.95K |
| CapEx % of Revenue | 0.14% | 6.11% | 3.31% | 30.85% | 15.92% | 16.52% | 14.27% | 2.36% | - |
| Acquisitions | 0 | 0 | 0 | -5.03M | 0 | 0 | 1.09M | 2.57M | 2.61M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -106.62K | 66.77K | 40.31K | -3.37M | 243.63K | 401.78K | 63.25K | 0 | 5.22M |
| Cash from Financing | -16.66K | 259.05K | 1.73M | 34.57M | -361.78K | 12.08M | 7.73M | 20.27M | -358.43K |
| Debt Issued (Net) | -89.12K | 217.58K | 22.07K | -884.41K | -548.55K | -521.5K | -697.91K | -514.53K | -473.2K |
| Equity Issued (Net) | 0 | -75 | 1000K | 1000K | 10K | 163.46K | 1000K | 1000K | 2M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -75 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 72.46K | 41.55K | -189.07K | -170K | 176.77K | 12.44M | 1.88M | -13.69M | -28.82M |
| Net Change in Cash | 0▲ 0% | 37.5K▲ 0% | 1.26M▲ 3258.2% | 16.85M▲ 1238.1% | -12.32M▼ 173.1% | -2.47M▲ 80.0% | -3.3M▼ 33.7% | 10.13M▲ 407.2% | 1.38M▲ 0% |
| Free Cash Flow | 123.28K▲ 0% | -288.32K▼ 333.9% | -512.62K▼ 77.8% | -9.32M▼ 1719.0% | -12.2M▼ 30.9% | -14.95M▼ 22.5% | -12.24M▲ 18.1% | -12.58M▼ 2.8% | -5M▲ 0% |
| FCF Margin % | 9.54% | -10.02% | -21.76% | -268.06% | -160.86% | -262.98% | -325.34% | -66.2% | -12.32% |
| FCF Growth % | - | -333.87% | -77.8% | -1718.98% | -30.89% | -22.46% | 18.09% | -2.75% | 63.83% |
| FCF per Share | 0.01 | -0.02 | -0.03 | -0.56 | -0.73 | -0.81 | -0.50 | -3.56 | -3.56 |
| FCF Conversion (FCF/Net Income) | -0.66x | -0.48x | 0.20x | 0.55x | 0.81x | 0.67x | 0.83x | 0.41x | 0.17x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.17K |
VMAR Key Ratios
Vision Marine Technologies Inc. (VMAR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | -672.5% | -87.2% | -47.03% | -128.67% | -258.52% | -556.95% | -691.47% |
| Return on Invested Capital (ROIC) | 492.85% | -299.3% | -99.47% | -50.38% | -104.35% | -221.09% | -42.21% | -42.21% |
| Gross Margin | 31.75% | 23.85% | 40.39% | 41.04% | 16.76% | -75.58% | 2.14% | 8.02% |
| Net Margin | 8.12% | -94.14% | -430.13% | -178.37% | -369.41% | -372.2% | -156.53% | -72.5% |
| Debt / Equity | - | 1.58x | 0.09x | 0.11x | 0.27x | 0.24x | 5.51x | 5.51x |
| Interest Coverage | 9.68x | -20.13x | -104.26x | -69.09x | -142.44x | -66.25x | -12.72x | -10.81x |
| FCF Conversion | -0.48x | 0.20x | 0.55x | 0.81x | 0.67x | 0.83x | 0.41x | 0.17x |
| Revenue Growth | 122.68% | -18.16% | 47.65% | 118.12% | -25.09% | -33.79% | 404.95% | 1510.24% |
VMAR Frequently Asked Questions
Vision Marine Technologies Inc. (VMAR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Vision Marine Technologies Inc. (VMAR) reported $40.6M in revenue for fiscal year 2025. This represents a 3039% increase from $1.3M in 2018.
Vision Marine Technologies Inc. (VMAR) grew revenue by 404.9% over the past year. This is strong growth.
Vision Marine Technologies Inc. (VMAR) reported a net loss of $29.4M for fiscal year 2025.
Dividend & Returns
Vision Marine Technologies Inc. (VMAR) has a return on equity (ROE) of -556.9%. Negative ROE indicates the company is unprofitable.
Vision Marine Technologies Inc. (VMAR) had negative free cash flow of $5.0M in fiscal year 2025, likely due to heavy capital investments.
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