KVH Industries, Inc. (KVHI) AI Stock Analysis

KVH Industries, Inc. designs, develops, manufactures, and markets mobile connectivity products and services tailored for marine and land mobile markets globally. The company operates through two primary segments: Mobile Connectivity and Inertial Navigation. Mobile Connectivity provides mobile satellite TV and communications systems, including onboard TracPhone terminals, hub equipment, and data management tools like Iridium OpenPort, alongside airtime plans and retail content programming. The Inertial Navigation segment manufactures precision fiber optic gyro-based systems, tactical navigation systems for tactical trucks and light armored vehicles, and positioning solutions for autonomous vehicles, precision mapping, and industrial robotics. Products are distributed through retailers, chain stores, distributors, and service providers.

Revenue contracted from $133.9M in FY2021 to $111.0M in FY2025, representing a 5-year revenue CAGR of -6.9%. Gross margin decreased from 34.2% in FY2021 to 24.8% in FY2025, while operating margin was -10.1% in FY2025 compared to -14.6% in FY2021. Annual net income was negative in four of the last five years, moving from -$9.8M in FY2021 to -$7.4M in FY2025, with a profitable net income of $24.0M in FY2022. For the trailing twelve months, revenue was $125.0M with an operating margin of -0.2% and EPS of -$0.30. In the latest quarter ended June 30, 2026, revenue increased 26.7% year-over-year, while quarterly earnings fell 82.5%.

As of June 30, 2026, KVH Industries held $57.7M in cash and short-term investments against $4.7M in total debt, resulting in net cash of $53.1M. Its current ratio stood at 7.07, and its debt-to-equity ratio was 0.04 based on $130.4M in shareholders' equity. In FY2025, operating cash flow reached $17.1M and free cash flow turned positive to $9.8M. For FY2025, capital expenditures were $7.4M, while share buybacks totaled $1.7M.

KVHI has a market cap of $107.4M and an enterprise value of $76.4M. Its forward P/E of 37.6x is above the 14.1x median of its US-listed Communication Services peers. The company trades at an EV/EBITDA of 26.3x compared to the peer median of 10.0x, while its price-to-sales ratio is 0.9x against the peer median of 0.8x. Over the past year, KVHI shares gained 6.3%, trailing the S&P 500 (SPY) return of 16.8%. Over five years, the stock fell 42.6%, while the S&P 500 gained 83.0%.

One analyst provides estimates for the next fiscal year. The mean price target is $7.00, which sits 18.2% above the last close of $5.92. For the fiscal year ending December 31, 2026, the EPS estimate is $0.16 on revenue of $140.3M. For the next fiscal year, analysts forecast EPS of $0.75 on revenue of $185.0M, representing estimated revenue growth of 31.9%. Over the last four quarters, the company beat EPS estimates 1 time. The next earnings date is November 5, 2026.

This page is an AI-written research summary of KVH Industries, Inc. (KVHI). 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.

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