Commercial Vehicle Group, Inc. (CVGI) Income Statement
CVGI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsCVGI revenue and net income
Where CVGI's revenue goes
2025Each bar shows an amount and its share of revenue. CVGI kept −3.5% of revenue as net income.
CVGI profit margins
CVGI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −10.3% | −6.0% | −2.0% | −2.4% |
| Gross profit | −16.9% | −7.0% | −1.6% | −4.7% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | −1,733.3% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CVGI quarterly EPS vs estimates
Commercial Vehicle beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 9, 2026 (estimate $0.04).
CVGI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $649.0M | $723.4M | $835.5M | $782.6M | $971.6M | $717.7M | $901.2M | $897.7M | $755.2M | $662.1M |
| Cost of revenue | $580.6M | $641.0M | $713.6M | $697.6M | $852.6M | $643.6M | $796.1M | $768.9M | $662.7M | $574.9M |
| Gross profit | $68.4M | $82.3M | $121.9M | $85.0M | $119.0M | $74.1M | $105.1M | $128.9M | $92.6M | $87.2M |
| Research & development | $8.0M | $8.3M | $6.2M | $7.1M | $9.1M | $6.4M | $9.9M | $9.5M | $7.7M | $7.0M |
| Sales, general & admin | $69.0M | $73.9M | $80.9M | $66.4M | $69.4M | $64.8M | $62.5M | $60.7M | $59.8M | $60.5M |
| Total operating expenses | $69.0M | $83.1M | $82.0M | $60.2M | $69.4M | $97.2M | $64.5M | $62.0M | $61.1M | $61.8M |
| Operating income | −$656,000 | −$758,000 | $39.9M | $24.8M | $49.6M | −$23.2M | $40.6M | $66.9M | $31.4M | $25.4M |
| Interest income | — | — | — | — | — | — | $16.9M | $14.7M | $19.1M | $19.3M |
| Interest expense | $13.0M | $9.2M | $10.7M | $9.8M | $11.2M | $20.6M | $16.9M | $14.7M | $19.1M | $19.3M |
| Income before taxes | −$15.7M | −$8.2M | $58.8M | $4.3M | $32.1M | −$44.5M | $21.6M | $53.5M | $13.6M | $6.8M |
| Income taxes | $4.7M | $27.5M | $15.2M | $20.9M | $8.4M | −$7.5M | $5.8M | $9.0M | $15.3M | $49,000 |
| Net income | −$22.8M | −$27.9M | $49.4M | −$22.0M | $23.7M | −$37.0M | $15.8M | $44.5M | −$1.7M | $6.8M |
| EBITDA | $12.0M | $26.4M | $58.3M | $42.6M | $68.5M | $24.6M | $53.7M | $79.1M | $46.5M | $45.9M |
| EPS (diluted) | −$0.49 | $0.03 | $0.91 | $0.48 | $0.98 | −$0.06 | $0.71 | $1.36 | $0.44 | $0.29 |
| Gross margin | 10.5% | 11.4% | 14.6% | 10.9% | 12.2% | 10.3% | 11.7% | 14.4% | 12.3% | 13.2% |
| Operating margin | −0.1% | −0.1% | 4.8% | 3.2% | 5.1% | −3.2% | 4.5% | 7.4% | 4.2% | 3.8% |
| Net margin | −3.5% | −3.9% | 5.9% | −2.8% | 2.4% | −5.2% | 1.8% | 5.0% | −0.2% | 1.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $195.2M | $171.5M | $154.8M | $152.5M | $172.0M | $169.8M | $163.3M | $171.8M | $193.7M | $194.6M | $193.7M | $202.9M |
| Cost of revenue | $170.5M | $151.7M | $139.7M | $136.4M | $151.3M | $151.5M | $149.6M | $151.9M | $169.7M | $171.5M | $168.9M | $173.6M |
| Gross profit | $24.7M | $19.8M | $15.0M | $16.0M | $20.7M | $18.3M | $13.6M | $19.9M | $24.0M | $23.2M | $24.8M | $29.3M |
| Research & development | — | — | — | — | — | — | $8.3M | — | — | — | $6.2M | — |
| Sales, general & admin | $23.2M | $19.1M | $16.8M | $17.1M | $18.7M | $16.4M | $18.3M | $17.5M | $20.2M | $20.1M | $21.2M | $21.5M |
| Total operating expenses | $23.2M | $19.1M | $16.8M | $17.1M | $19.9M | $16.9M | $18.9M | $21.0M | $22.9M | $18.7M | $20.7M | $20.4M |
| Operating income | $1.6M | $756,000 | −$1.8M | −$1.1M | $797,000 | $1.4M | −$5.3M | −$1.1M | $1.1M | $4.5M | $4.1M | $8.9M |
| Interest expense | $2.9M | $4.1M | $4.2M | $4.1M | $2.3M | $2.5M | $2.2M | $2.4M | $2.4M | $2.2M | $2.4M | $2.5M |
| Income before taxes | −$6.8M | $2.8M | −$6.2M | −$6.1M | −$2.4M | −$1.0M | −$6.4M | −$2.4M | −$1.6M | $2.1M | $44.1M | $6.0M |
| Income taxes | $2.0M | $1.9M | $213,000 | $687,000 | $1.7M | $2.1M | $28.6M | −$1.5M | −$260,000 | $665,000 | $21.5M | $1.4M |
| Net income | −$10.2M | $902,000 | −$6.6M | −$7.1M | −$4.8M | −$4.3M | −$38.7M | $9.5M | −$1.6M | $2.9M | $23.3M | $7.3M |
| EBITDA | −$36,000 | $10.6M | $1.7M | $1.7M | $5.3M | $5.4M | $409,000 | $4.0M | $9.1M | $8.7M | $9.7M | $13.2M |
| EPS (diluted) | −$0.13 | −$0.10 | −$0.18 | −$0.14 | −$0.09 | −$0.08 | −$0.15 | −$0.01 | $0.06 | $0.13 | $0.09 | $0.22 |
| Gross margin | 12.7% | 11.6% | 9.7% | 10.5% | 12.0% | 10.8% | 8.4% | 11.6% | 12.4% | 11.9% | 12.8% | 14.4% |
| Operating margin | 0.8% | 0.4% | −1.2% | −0.7% | 0.5% | 0.8% | −3.2% | −0.6% | 0.5% | 2.3% | 2.1% | 4.4% |
| Net margin | −5.2% | 0.5% | −4.3% | −4.6% | −2.8% | −2.5% | −23.7% | 5.5% | −0.8% | 1.5% | 12.0% | 3.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CVGI's financial statements (latest annual report filed March 10, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CVGI financial results
In fiscal year 2025 (ended December 31, 2025), Commercial Vehicle reported revenue of $649.0 million, down 10.3% from the year before. It had a net loss of $22.8 million, a net profit margin of −3.5%. Diluted earnings per share came to −$0.49. Over five years revenue grew at an average rate of −2.0% a year.
See the CVGI stock overview for the latest quote and news, or the CVGI chart for price history and technical indicators.
CVGI income statement FAQ
What is Commercial Vehicle's annual revenue?
Commercial Vehicle reported total revenue of $649.0 million for fiscal year 2025, which ended on December 31, 2025. That was down 10.3% from $723.4 million the previous year.
Is Commercial Vehicle profitable?
No. Commercial Vehicle reported a net loss of $22.8 million in fiscal 2025, a net profit margin of −3.5%; its operating margin was −0.1%.
What is Commercial Vehicle's gross margin?
Commercial Vehicle's gross margin was 10.5% in fiscal 2025: for every $100 of revenue, Commercial Vehicle kept $11 after the direct cost of its products and services.
How much does Commercial Vehicle spend on research and development?
Commercial Vehicle spent $8.0 million on research and development in fiscal 2025, 1.2% of revenue.
How fast is Commercial Vehicle growing?
Revenue grew −2.0% a year on average over the last five fiscal years, from $717.7 million to $649.0 million.
What are Commercial Vehicle's earnings per share?
Commercial Vehicle earned $-0.49 per diluted share in fiscal 2025, compared with $0.03 a year earlier.
When will Commercial Vehicle report its next earnings?
Commercial Vehicle is expected to report results for the quarter ending September 30, 2026 on November 9, 2026 after the market closes.
When does Commercial Vehicle's fiscal year end?
Commercial Vehicle's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 10, 2026.