A Business at a Glance
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CPI AEROSTRUCTURES INC
CVU
$57M
Mkt Cap
$4.71
+3.06%
CPI AEROSTRUCTURES INC (CVU) has a 5-year average return on invested capital (ROIC) of 16.1%. This indicates strong capital allocation and a potential competitive advantage.
CPI AEROSTRUCTURES INC (CVU) has a market capitalization of $57M. It is classified as a small-cap stock.
CPI AEROSTRUCTURES INC (CVU) does not currently pay a regular dividend.
CPI AEROSTRUCTURES INC (CVU) operates in the Aircraft Parts & Auxiliary Equipment, Nec industry, within the Industrials sector.
CPI AEROSTRUCTURES INC (CVU) reported annual revenue of $69 million in its most recent fiscal year, based on SEC EDGAR filings.
CPI AEROSTRUCTURES INC (CVU) has a net profit margin of -1.2%. The company is currently unprofitable.
CPI AEROSTRUCTURES INC (CVU) generated $-5 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
Item 1.BUSINESS CPI Aerostructures, Inc., including its wholly owned subsidiary Welding Metallurgy, Inc. (“WMI”) and Compac Development Corporation, a wholly owned subsidiary of WMI (collectively, “CPI Aero”, the “Company”, “us”, or “we”) is a manufacturer of structural assemblies, integrated systems, and kitted components for the domestic and international aerospace and defense (“A&D”) markets. Our products are generally used by customers in the production and refurbishment of fixed wing aircraft, helicopters, electronic warfare (“EW”) systems, intelligence, surveillance, and reconnaissance (“ISR”) systems, missiles, autonomous systems, and other sophisticated A&D products. We are primarily a Tier 1 supplier to Original Equipment Manufacturers (“OEMs”). We are also a Tier 2 supplier to larger Tier 1 manufacturers and a prime contractor to the United States (“U.S.”) Department of Defense (“DOD”), primarily the U.S. Air Force (“USAF”).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 69M | 69M | 81M | 86M | 83M | 103M |
| Net Income | -843K | -843K | 3.3M | 17M | 9.2M | 6.8M |
| EPS | $-0.07 | $-0.07 | $0.26 | $1.38 | $0.74 | $0.56 |
| Free Cash Flow | -5.3M | -5.3M | 3.2M | 3.8M | 904K | 2.8M |
| ROIC | -0.2% | -0.4% | 13.0% | 18.5% | 19.1% | 30.2% |
| Gross Margin | 15.2% | 15.2% | 21.3% | 19.7% | 19.6% | 14.5% |
| Debt/Equity | 1.09 | 1.09 | 0.69 | 1.03 | 7.20 | -6.41 |
| Dividends/Share | $0.00 | $0.00 | - | - | - | - |
| Operating Income | -176K | -176K | 6.7M | 6.3M | 4.9M | 3.2M |
| Operating Margin | -0.3% | -0.3% | 8.3% | 7.3% | 5.9% | 3.1% |
| ROE | -3.3% | -3.3% | 13.7% | 130.9% | 218.6% | -74.5% |
| Shares Outstanding | 12M | 12M | 13M | 12M | 12M | 12M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 40M | 100M | 81M | 81M | 70M | 88M | 88M | 103M | 83M | 86M | 81M | 69M | 69M |
| Gross Margin | -74.9% | 16.6% | 5.3% | 22.9% | 6.0% | 7.8% | 11.1% | 14.5% | 19.6% | 19.7% | 21.3% | 15.2% | 15.2% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 7.3M | 7.6M | 8.6M | 8.4M | 9.8M | 12M | 12M | 12M | 11M | 11M | 11M | 11M | 11M |
| EBIT | -37M | 9.0M | -4.3M | 10M | -5.6M | -4.7M | -2.3M | 3.2M | 4.9M | 6.3M | 6.7M | -176K | -176K |
| Op. Margin | -93.3% | 8.9% | -5.3% | 12.5% | -7.9% | -5.4% | -2.6% | 3.1% | 5.9% | 7.3% | 8.3% | -0.3% | -0.3% |
| Net Income | -25M | 5.0M | -3.6M | 5.8M | -7.5M | -6.8M | -3.7M | 6.8M | 9.2M | 17M | 3.3M | -843K | -843K |
| Net Margin | -63.5% | 5.0% | -4.4% | 7.1% | -10.7% | -7.7% | -4.2% | 6.6% | 11.0% | 19.9% | 4.1% | -1.2% | -1.2% |
| Non-Recurring | -1K | 0 | 0 | -21K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | -32.1% | 7.0% | -4.9% | 19.5% | -11.7% | -10.9% | -4.9% | 30.2% | 19.1% | 18.5% | 13.0% | -0.4% | -0.2% |
| ROE | -32.8% | 7.4% | -5.2% | 21.2% | 87.7% | 96.6% | 31.7% | -74.5% | 218.6% | 130.9% | 13.7% | -3.3% | -3.3% |
| ROA | -22.1% | 4.6% | -3.1% | 4.8% | -8.8% | -14.9% | -8.1% | 13.4% | 16.0% | 25.7% | 4.6% | -1.2% | -1.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -3.4M | 2.1M | -6.6M | 1.6M | -2.7M | -378K | -1.6M | 2.8M | 944K | 3.9M | 3.6M | -5.2M | -5.2M |
| Free Cash Flow | -4.0M | 1.8M | -6.7M | 1.3M | -3.2M | -814K | -1.7M | 2.8M | 904K | 3.8M | 3.2M | -5.3M | -5.3M |
| Owner Earnings | -4.6M | 679K | -7.8M | 61K | -4.1M | -2.2M | -3.3M | 942K | -100K | 2.7M | 2.5M | -6.4M | -6.4M |
| CapEx | 603K | 210K | 136K | 282K | 559K | 436K | 147K | 29K | 41K | 140K | 404K | 65K | 65K |
| Maint. CapEx | 764K | 854K | 662K | 616K | 710K | 1.1M | 1.0M | 1.0M | 688K | 471K | 430K | 420K | 420K |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 764K | 854K | 662K | 616K | 710K | 1.1M | 1.0M | 1.0M | 688K | 471K | 430K | 420K | 420K |
| CapEx/OCF | N/A | 10.2% | N/A | 17.9% | N/A | N/A | N/A | 1.0% | 4.3% | 3.6% | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | 468K | 524K | 524K | 895K | 672K | 731K | 711K | 828K | 356K | 771K | 605K | 807K | 807K |
| Debt Repayment | 1.0M | 1.0M | 1.7M | 1.3M | 3.3M | 2.4M | 2.3M | 3.0M | 3.1M | 1.7M | 44K | 26K | 26K |
| Balance Sheet | |||||||||||||
| Net Debt | 757K | 24M | 9.2M | 7.6M | 24M | 30M | 38M | 28M | 33M | 18M | 12M | 33M | 33M |
| Cash & Equiv. | 1.5M | 1.0M | 1.0M | 1.4M | 6.1M | 5.4M | 6.0M | 6.3M | -2.5M | 5.1M | 5.5M | -4.6M | -4.6M |
| Long-Term Debt | 1.3M | 484K | 8.9M | 7.0M | 3.9M | 1.8M | 6.2M | 1.5M | 1.8M | 26K | 26K | 9.7M | 9.7M |
| Debt/Equity | 0.03 | 0.36 | 0.15 | -0.68 | -7.72 | -3.52 | -3.37 | -6.41 | 7.20 | 1.03 | 0.69 | 1.09 | 1.09 |
| Interest Coverage | -46.6 | 9.8 | -3.2 | 6.0 | -2.8 | -2.2 | -1.6 | 2.8 | 2.2 | 2.6 | 2.9 | -0.1 | -0.1 |
| Equity | 65M | 71M | 68M | -13M | -3.9M | -10M | -13M | -5.3M | 4.2M | 22M | 26M | 26M | 26M |
| Total Assets | 103M | 117M | 118M | 124M | 47M | 43M | 47M | 55M | 59M | 74M | 68M | 75M | 75M |
| Total Liabilities | 39M | 46M | 50M | 50M | 51M | 53M | 59M | 60M | 55M | 52M | 42M | 49M | 49M |
| Intangibles | N/A | N/A | N/A | N/A | 0 | 375K | 250K | 125K | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 13M | 18M | 15M | 21M | -75M | -81M | -85M | -78M | -69M | -52M | -49M | -49M | -49M |
| Working Capital | 59M | 67M | 71M | 78M | 21M | 12M | 7.7M | 12M | 13M | 15M | 17M | 20M | 20M |
| Current Assets | 96M | 112M | 111M | 120M | 44M | 34M | 38M | 43M | 43M | 47M | 44M | 43M | 43M |
| Current Liabilities | 37M | 45M | 41M | 42M | 23M | 22M | 30M | 31M | 30M | 32M | 26M | 23M | 23M |
| Per Share Data | |||||||||||||
| EPS | -2.98 | 0.58 | -0.41 | 0.65 | -0.80 | -0.57 | -0.31 | 0.56 | 0.74 | 1.38 | 0.26 | -0.07 | -0.07 |
| Owner EPS | -0.54 | 0.08 | -0.89 | 0.01 | -0.43 | -0.19 | -0.28 | 0.08 | -0.01 | 0.22 | 0.20 | -0.53 | -0.53 |
| Book Value | 7.66 | 8.16 | 7.74 | -1.50 | -0.42 | -0.85 | -1.10 | -0.44 | 0.34 | 1.77 | 2.04 | 2.14 | 2.14 |
| Cash Flow/Share | -0.40 | 0.24 | -0.76 | 0.18 | -0.28 | -0.03 | -0.14 | 0.23 | 0.08 | 0.32 | 0.28 | -0.43 | -0.04 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 | 0.00 |
| Shares Out. | 8.5M | 8.6M | 8.7M | 8.9M | 9.4M | 11.8M | 11.8M | 12.2M | 12.4M | 12.5M | 12.7M | 12.0M | 12.0M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | 16.7 | 22.1 | 13.8 | N/A | N/A | N/A | 4.7 | 4.4 | 2.0 | N/A | N/A | -67.3 |
| P/FCF | N/A | 45.3 | N/A | 61.5 | N/A | N/A | N/A | 11.3 | 44.7 | 9.0 | N/A | N/A | N/A |
| EV/EBIT | N/A | 9.5 | N/A | 8.7 | N/A | N/A | N/A | 11.7 | 8.6 | 5.4 | N/A | N/A | N/A |
| Price/Book | 1.5 | 1.2 | 1.2 | 1.1 | N/A | N/A | N/A | N/A | 9.6 | 1.6 | N/A | N/A | 2.2 |
| Price/Sales | 2.6 | 0.9 | 0.8 | 0.9 | 1.2 | 1.0 | 0.5 | 0.4 | 0.3 | 0.5 | N/A | N/A | 0.8 |
| FCF Yield | -4.1% | 2.2% | -8.2% | 1.6% | -5.4% | -1.0% | -3.9% | 8.6% | 2.2% | 11.1% | N/A | N/A | -9.3% |
| Market Cap | 98M | 84M | 83M | 79M | 60M | 78M | 45M | 32M | 40M | 34M | 0 | 0 | 57M |
| Avg. Price | 12.30 | 10.42 | 7.21 | 8.38 | 8.78 | 7.29 | 3.37 | 3.62 | 2.13 | 3.45 | 0.00 | 0.00 | 4.71 |
| Year-End Price | 11.55 | 9.68 | 9.30 | 8.95 | 6.36 | 6.59 | 3.79 | 2.57 | 3.26 | 2.75 | 0.00 | 0.00 | 4.71 |
CPI AEROSTRUCTURES INC passes 2 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average ROIC is 16.1% with a gross margin of 18.1%. At current prices, the estimated annualized return to fair value is +12.1%.
CPI AEROSTRUCTURES INC (CVU) has a debt-to-equity ratio of 1.09. This indicates moderate leverage.
CPI AEROSTRUCTURES INC (CVU) reported earnings per share (EPS) of $-0.07 in its most recent fiscal year.
CPI AEROSTRUCTURES INC (CVU) has a return on equity (ROE) of -3.3%. A negative ROE may indicate losses or negative equity.
CPI AEROSTRUCTURES INC (CVU) has a 5-year average gross margin of 18.1%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 17 years of financial data for CPI AEROSTRUCTURES INC (CVU), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
CPI AEROSTRUCTURES INC (CVU) has a book value per share of $2.14, based on its most recent annual SEC filing.