Coda Octopus Group, Inc. (CODA) AI Stock Analysis

Coda Octopus Group, Inc., along with its subsidiaries, develops, sells, and rents advanced underwater technologies and equipment tailored for real-time 3D imaging, mapping, defense, and survey applications worldwide. The company operates through two segments: the Marine Engineering Business and Marine Technology Business. Its offerings include geophysical systems such as data acquisition hardware, processing software, and analysis tools for underwater surveying and mapping. It also provides GNSS-aided navigation systems, real-time volumetric imaging sonar, diver augmented vision display systems, CodaOctopus GeoSurvey products, and the CodaOctopus DA4G productivity suite. The company serves survey companies, offshore renewables, research institutions, salvage operations, and defense sectors.

Revenue rose from $21.3M in FY2021 to $22.2M in FY2022, declined 12.9% to $19.4M in FY2023, and rebounded to $20.3M in FY2024 and $26.6M in FY2025, reflecting a 5-year revenue CAGR of 5.8%. Gross margin was 69.2% in FY2021, 68.3% in FY2022, 67.3% in FY2023, 69.8% in FY2024, and 66.5% in FY2025. Operating margin was 17.1% in FY2025, while net income reached $4.1M with EPS of $0.36. Over the trailing twelve months, revenue reached $28.6M with an operating margin of 19.9% and EPS of $0.45. For the latest quarter ended July 31, 2026, quarterly revenue grew 9.2% year-over-year and quarterly earnings grew 9.1%.

As of July 31, 2026, Coda Octopus Group held $3.4M in cash and short-term investments against total debt of $385,381, resulting in net cash of $3.0M. The company reported total assets of $68.9M, shareholders' equity of $62.7M, a current ratio of 10.06, and a debt-to-equity ratio of 0.01. In FY2025, operating cash flow was $7.2M and free cash flow was $6.0M, with capital expenditures of $1.2M. Over five years, the share count changed by 4.1%.

At a last close of $9.93, Coda Octopus Group trades at a trailing P/E of 22.1x, below the 24.8x median of its US-listed Industrials peers. Its forward P/E of 21.1x is above the peer median of 17.2x, while its price-to-sales of 3.9x exceeds the peer median of 1.5x. The company has an EV to EBITDA ratio of 12.4x compared to the peer median of 13.9x. Over the past year, the stock fell 1.7%, trailing the S&P 500 (SPY) return of 16.8%. Over five years, the stock gained 11.4% versus 83.0% for the S&P 500.

Two analysts cover Coda Octopus Group, both rating the stock a Strong Buy. The mean price target is $14.00, representing a 41.0% upside versus the last close of $9.93. For the fiscal year ending October 31, 2026, consensus estimates project revenue of $29.2M and EPS of $0.47, implying 27.0% EPS growth. For the next fiscal year, two analysts project revenue of $34.2M and EPS of $0.56. Over the last four quarters, the company beat EPS estimates two times.

This page is an AI-written research summary of Coda Octopus Group, Inc. (CODA). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: CODA income statement, CODA balance sheet, CODA key metrics, CODA analyst forecast, CODA chart. See the CODA stock overview for the latest quote and news.