Chicago Rivet & Machine Co
Chicago Rivet & Machine Co (CVR) designs, manufactures, and sells industrial fastening systems and related equipment, primarily serving the automotive and non-automotive manufacturing sectors.
Business. Chicago Rivet & Machine Co. (CVR) is an industrial machinery and equipment manufacturer headquartered in the United States. The company operates within the Industrial Goods sector, specializing in the production of industrial machinery. It is listed on the New York Stock Exchange under the ticker symbol CVR. Specific details regarding operating segments and geographic revenue mix are not provided.
At a glance
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- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Chicago Rivet & Machine Co. (CVR) is an industrial machinery and equipment manufacturer headquartered in the United States. The company operates within the Industrial Goods sector, specializing in the production of industrial machinery. It is listed on the New York Stock Exchange under the ticker symbol CVR. Specific details regarding operating segments and geographic revenue mix are not provided.
CVR's capital structure is characterized by a high current ratio of 3.67, indicating strong short-term liquidity, and a debt-to-equity ratio of 0.0, suggesting no leverage. The company's market price of $11.1 and a price-to-book ratio of 0.58 imply a discount to tangible book value, with no intangible assets to complicate valuation. However, negative operating cash flow of -$649,487 and a negative return on equity of -1.96% highlight operational distress.
Profitability metrics are severely underperforming relative to industry norms. The company reported a net loss of -$362,015 and an operating loss of -$381,591 in Q1 2026, with a gross margin of 13.98% that is likely below the industry median. The EV/EBITDA ratio of -24.31 is not a meaningful metric in this context due to the absence of positive EBITDA, but the EV/revenue multiple of 1.35 suggests a low valuation relative to revenue, though this is driven by poor operating performance.
CVR's revenue is concentrated in two primary segments: Automotive and Nonautomotive. The Automotive segment, which includes fastener systems for automotive manufacturers, is exposed to customer concentration risk, particularly with TIGroup Automotive Systems LLC and Cooper Standard Holdings Inc. The Nonautomotive segment serves other industrial clients, but the company has not disclosed geographic revenue breakdowns, limiting visibility into regional exposure.
Growth trajectory is negative, with Q1 2026 revenue of $6.85 million and a net loss of -$362,015. The company has experienced recurring negative cash flows from operations and declining liquidity, which have raised substantial doubt about its ability to continue as a going concern. These factors suggest a high risk of further revenue contraction and potential insolvency.
The risk assessment highlights liquidity as high and dilution as low, but the company's filings reference going-concern or substantial-doubt language, indicating severe operational and financial distress. The absence of dilution risk is offset by the potential for equity value erosion due to continued losses and declining liquidity. The company is also evaluating new accounting guidance, which may result in additional disclosures but is not expected to significantly impact financial statements.
Recent events include amendments to financial reporting practices to align with new FASB guidance on credit loss disclosures, effective after December 15, 2025. The company has also issued dividends in Q1 2026, but these are classified as subsequent events and do not reflect ongoing operational strength. The March 2025 credit agreement remains in place, but the company's liquidity position has deteriorated, raising concerns about its ability to meet obligations.
- CVR is operating at a significant loss with negative cash flows and declining liquidity, raising substantial doubt about its ability to continue as a going concern.
- The company's capital structure is highly liquid but lacks leverage, and its valuation multiples reflect poor operating performance.
- Revenue is concentrated in the Automotive segment, with exposure to key customers like TIGroup Automotive Systems LLC and Cooper Standard Holdings Inc.
- The company is evaluating new accounting guidance, but this is unlikely to improve its financial position.
- CVR's risk profile is elevated due to recurring losses, negative cash flows, and liquidity concerns.
Bull / Bear case
Generated · model-assistedThe company maintains a low leverage band with a debt-to-equity ratio of 0.24, reducing financial distress risk.
A current ratio of 5.21 indicates strong short-term liquidity, providing a buffer against immediate operational cash flow needs.
Cash conversion of 1.79 exceeds the cohort median of 0.95, suggesting efficient working capital management relative to peers.
Dilution risk is assessed as low, indicating limited immediate threat to existing shareholder equity value from share issuance.
Gross profit turned positive in FY2024 at $1.06 million, marking a reversal from the negative gross profit in FY2023.
Liquidity risk is flagged as high, signaling potential difficulties in meeting short-term financial obligations despite current ratios.
Net margin of -5.3% ranks in the bottom quartile among peers, highlighting significant profitability challenges relative to the industry.
Return on equity of -1.96% falls in the bottom quartile, demonstrating poor capital efficiency compared to the 3.56% median.
In focus — financials by report
Revenue $6.9M; Operating income -$381.6k.
- ▍Revenue $6.9M
- ▍Operating income -$381.6k
- ▍Net margin -5.3%
Revenue $21.9M; Operating income -$282.7k.
- ▍Revenue $21.9M
- ▍Operating income -$282.7k
- ▍Net margin 0.3%
Revenue $14.5M; Operating income -$347.3k.
- ▍Revenue $14.5M
- ▍Operating income -$347.3k
- ▍Net margin 0.0%
Revenue $27.9M; Operating income -$1.2M.
- ▍Revenue $27.9M
- ▍Operating income -$1.2M
- ▍Net margin -3.9%
Revenue $27.0M; Operating income -$5.2M.
- ▍Revenue $27.0M
- ▍Operating income -$5.2M
- ▍Net margin -20.8%
Revenue $27.0M; Operating income -$5.2M.
- ▍Revenue $27.0M
- ▍Operating income -$5.2M
- ▍Net margin -20.8%
Revenue $31.5M; Operating income -$5.8M.
- ▍Revenue $31.5M
- ▍Operating income -$5.8M
- ▍Net margin -14.0%
Revenue $31.5M; Operating income -$5.8M.
- ▍Revenue $31.5M
- ▍Operating income -$5.8M
- ▍Net margin -14.0%
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Filings reference going-concern or substantial-doubt language.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Regulatory filings
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Return On Equitynet_income / total_equity
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Ev To Revenueenterprise_value / revenue
- CHICAGO RIVET & MACHINE CO company facts · 2026-05-27
- CHICAGO RIVET & MACHINE CO 10-Q 2026-05-08 · 2026-05-27
- CHICAGO RIVET & MACHINE CO 10-K 2026-03-24 · 2026-05-27
- CHICAGO RIVET & MACHINE CO 10-Q 2025-11-07 · 2026-05-27
- CHICAGO RIVET & MACHINE CO 10-Q 2025-08-08 · 2026-05-27
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2025-12-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2024-06-300,00 %$0M
Insider activity
- Director · Common StockBought 900 @ $9,85$9K · 2026-05-19
- 10% owner · Common StockBought 2 537 @ $14,36$36K · 2025-12-12
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Operating income (YoY) (2025-12-31 vs 2024-12-31): 76.8%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): 3.3%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -6.0%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 33.9%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): -0.3%Derived (calculated)
- Net margin (FY 2025-12-31): -3.9%Derived (calculated)
- Gross margin (FY 2025-12-31): 14.8%Derived (calculated)
- Return on equity (FY 2025-12-31): -5.8%Derived (calculated)
- Return on assets (FY 2025-12-31): -4.6%Derived (calculated)
- Current ratio (FY 2025-12-31): 5.21xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): 0.24xDerived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -10.6%Derived (calculated)
- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): -8.3%Derived (calculated)
- Gross profit (YoY) (2025-12-31 vs 2024-12-31): 289.2%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 80.7%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -700.3%Derived (calculated)
- Revenue (annual): USD 27.89MSEC XBRL filing
- Net income (annual): USD -1.08MSEC XBRL filing
- Total liabilities (annual): USD 4.47MSEC XBRL filing
- Cash & equivalents (annual): USD 1.72MSEC XBRL filing
- Total assets (annual): USD 23.3MSEC XBRL filing
- Current liabilities (annual): USD 2.35MSEC XBRL filing
- Current assets (annual): USD 12.24MSEC XBRL filing
- Shareholders' equity (annual): USD 18.83MSEC XBRL filing