Commercial Vehicle Group IncCommercial Vehicle Group Inc
Commercial Vehicle Group Inc

Commercial Vehicle Group Inc

CVGI
Consumer Discretionary·Automobile Components

Commercial Vehicle Group, Inc. engages in the manufacture, supply, and sale of cab related products and systems. It operates through the following segments: Global Seating, Global Electrical Systems, and Trim Systems and Components. The Global Seating segment engages in the designing, manufacturing and selling of commercial vehicle seats for global commercial vehicle markets including heavy duty trucks, medium duty trucks, last mile delivery trucks and vans, construction and agriculture equipment in North America, Europe and Asia-Pacific. The Global Electrical Systems segment engages in the designing, manufacturing and selling of cable and harness assemblies for both high and low voltage applications, control boxes, dashboard assemblies and design and engineering for these applications. The Trim Systems and Components segment engages in the designing, manufacturing and selling of plastic components primarily for the North America commercial vehicle market, MD/HD truck market and power sports markets. The company was founded in August 2000 and is headquartered in New Albany, OH.

Ohio; U.S.A
Market cap
No dataNo data
Revenue
$649M−10.3% YoY
Net income
$-22.8M+18.3% YoY
Free cash flow
$34M+165.5% YoY

Market

Listed stock
CVGIPriceNasdaq
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Financial performance

Revenue
$649M−10.3% YoY
Operating income
$-656K+13.5% YoY
Net income
$-22.8M+18.3% YoY
Free cash flow
$34M+165.5% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $971.6M, 2022 $981.6M, 2023 $994.7M, 2024 $723.4M, 2025 $649M. Operating income: 2021 $49.6M, 2022 $20.1M, 2023 $48.1M, 2024 $-758K, 2025 $-656K. Net income: 2021 $23.7M, 2022 $-22M, 2023 $49.4M, 2024 $-27.9M, 2025 $-22.8M. Free cash flow: 2021 $-47.5M, 2022 $49.2M, 2023 $18.6M, 2024 $-52M, 2025 $34M. Reference line: Reference at $0.

Growth & profitability

Revenue growth
-10.3%+1700 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $49.6M, 2022-12-31 $20.1M, 2023-12-31 $48.1M, 2024-12-31 $-758K, 2025-12-31 $-656K. Net income: 2021-12-31 $23.7M, 2022-12-31 $-22M, 2023-12-31 $49.4M, 2024-12-31 $-27.9M, 2025-12-31 $-22.8M. Free cash flow: 2021-12-31 $-47.5M, 2022-12-31 $49.2M, 2023-12-31 $18.6M, 2024-12-31 $-52M, 2025-12-31 $34M

Growth heatmap

2022202320242025CAGR
Revenue
+1.0%
+1.3%
-27.3%
-10.3%
-9.6%
Gross profit
-27.3%
+54.6%
-45.3%
-6.5%
-12.9%
Operating income
-59.4%
+138.6%
-101.6%
+13.5%
No data
Free cash flow
+203.7%
-62.3%
-379.7%
+165.5%
No data

Earnings quality

Operating cash flow
$44.6M+233.5% YoY
Net income
$-22.8M+18.3% YoY
Free cash flow
$34M+165.5% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 -196%, 2024-12-31 120%, 2023-12-31 77%, 2022-12-31 -314%, 2021-12-31 -126%. Free cash flow: 2025-12-31 -149%, 2024-12-31 187%, 2023-12-31 38%, 2022-12-31 -224%, 2021-12-31 -200%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
No data
Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
No dataNo data
Net debt
No dataNo data
Current ratio
No dataNo data

Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
No dataNo data
Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
No data
No data
No data
Price to sales
No data
No data
No data
No data
EV / EBITDA
No data
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No data
Free cash flow yield
No data
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No data