Cpi Aerostructures Inc
CPI AEROSTRUCTURES INC designs, engineers, and manufactures structural components for the aerospace and defense industry, primarily serving commercial and military aircraft programs.
Business. CPI Aerostructures Inc. (NYSE: CVU) is an aerospace and defense company that manufactures structural components for commercial and military aircraft. The firm operates within the Industrials sector, specifically focusing on the Aerospace & Defense industry. Headquartered in the United States, the company is primarily listed on the New York Stock Exchange under the ticker symbol CVU. Specific details regarding operating segments and geographic revenue mix are not provided in the available data.
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
CPI Aerostructures Inc. (NYSE: CVU) is an aerospace and defense company that manufactures structural components for commercial and military aircraft. The firm operates within the Industrials sector, specifically focusing on the Aerospace & Defense industry. Headquartered in the United States, the company is primarily listed on the New York Stock Exchange under the ticker symbol CVU. Specific details regarding operating segments and geographic revenue mix are not provided in the available data.
CPI AEROSTRUCTURES has a market capitalization of $49.03 million and a price-to-book ratio of 1.92, indicating a premium valuation relative to its book value. The company's liquidity position is weak, with a current ratio of 1.98 and negative operating cash flow of -$424,703 in Q1 2026. Despite this, the company has no long-term debt, which reduces its leverage risk.
Profitability metrics show a return on equity of 4.53% and a return on assets of 1.6%, both below the industry median for Aerospace & Defense firms. Gross margin of 25.8% is in line with the sector average, but operating margin of 10.55% is slightly below the median, suggesting operational inefficiencies or competitive pricing pressures.
The company operates as a single business segment, with no geographic diversification disclosed in the Q1 2026 filing. Revenue is concentrated in the Aerospace & Defense sector, with no material exposure to other industries.
Revenue growth in Q1 2026 was 12.7% year-over-year, driven by increased production volumes and contract wins. However, the outlook for FY 2026 remains cautious, with management noting potential delays in customer programs and supply chain constraints.
The risk assessment highlights medium dilution risk, with recent filings indicating potential for equity offerings to fund operations or strategic initiatives. The company has a diluted share count of 13.04 million, slightly lower than the basic share count of 13.19 million, suggesting minimal dilution from stock options or warrants.
Recent 10-Q filings disclose ongoing legal proceedings related to supplier contracts and a review of internal controls. Management also notes the impact of inflation on material costs and the potential for future regulatory changes affecting defense contracts.
- CPI AEROSTRUCTURES is a niche aerospace manufacturer with a premium valuation but weak liquidity.
- The company's profitability is below industry medians, with a need to improve operational efficiency.
- Revenue is concentrated in a single segment and sector, increasing exposure to aerospace demand cycles.
- Management is addressing supply chain and production challenges to support growth in FY 2026.
- Dilution risk is moderate, with potential for equity issuance to fund operations or strategic initiatives.
Bull / Bear case
Generated · model-assistedDebt-to-equity ratio of 0.0 is significantly lower than the median of 0.21, signaling a conservative capital structure.
Current ratio of 1.89 suggests adequate short-term liquidity to cover immediate obligations without significant distress.
Revenue CAGR of -3.2% from FY2023 to FY2025 indicates a declining top-line trajectory over the two-year period.
Net income CAGR of -56.2% over two years highlights severe erosion in profitability despite margin strengths.
Cash conversion of -0.34 places the company in the bottom quartile of the aerospace cohort, signaling poor cash generation.
Medium dilution risk flag suggests potential equity dilution that could negatively impact existing shareholder value.
Free cash flow turned negative in FY2025 at -$5.3 million, raising concerns about operational cash sustainability.
In focus — financials by report
Revenue $17.4M; Operating income $1.8M.
- ▍Revenue $17.4M
- ▍Operating income $1.8M
- ▍Net margin 7.1%
Revenue $49.8M; Operating income -$1.4M.
- ▍Revenue $49.8M
- ▍Operating income -$1.4M
- ▍Net margin -3.1%
Revenue $30.6M; Operating income -$3.2M.
- ▍Revenue $30.6M
- ▍Operating income -$3.2M
- ▍Net margin -8.7%
Revenue $69.3M; Operating income -$176.4k.
- ▍Revenue $69.3M
- ▍Operating income -$176.4k
- ▍Net margin -1.2%
Revenue $81.1M; Operating income $6.7M.
- ▍Revenue $81.1M
- ▍Operating income $6.7M
- ▍Net margin 4.1%
Revenue $81.1M; Operating income $6.7M.
- ▍Revenue $81.1M
- ▍Operating income $6.7M
- ▍Net margin 4.1%
Revenue $86.5M; Operating income $6.3M.
- ▍Revenue $86.5M
- ▍Operating income $6.3M
- ▍Net margin 19.9%
Revenue $86.5M; Operating income $6.3M.
- ▍Revenue $86.5M
- ▍Operating income $6.3M
- ▍Net margin 19.9%
Valuation FY
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
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Predictor forecast
Options
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Estimate revisions
consensus EPS · 26-week trendSell-side observations
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- Source documents mention dilution or offering risk.
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- Return On Equitynet_income / total_equity
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- 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
- CPI AEROSTRUCTURES INC company facts · 2026-05-27
- CPI AEROSTRUCTURES INC 10-Q 2026-05-15 · 2026-05-27
- CPI AEROSTRUCTURES INC 10-K 2026-03-31 · 2026-05-27
- CPI AEROSTRUCTURES INC 10-Q 2025-11-14 · 2026-05-27
- CPI AEROSTRUCTURES INC 10-Q 2025-08-19 · 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 2026-03-310,00 %$0M
- Investment Managers · as of 2025-12-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2024-06-300,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
Insider activity
- Director, CEO and President · Common StockOther 2 876 · 2026-06-25
- Director, CEO and President · Common StockOther 13 013 @ $3,48$45K · 2026-06-08
- Director, CEO and President · Common StockOther 75 126 · 2026-06-08
- Director, CEO and President · Common StockOther 40 199 · 2026-06-08
- CFO · Common StockOther 32 828 · 2026-06-08
- Director · Common StockOther 25 000 · 2026-01-15
- Director · Common StockOther 30 303 · 2026-01-15
- Director · Common StockOther 15 152 · 2026-01-15
- Director · Common StockOther 18 182 · 2026-01-15
- Director · Common StockOther 21 212 · 2026-01-15
- Director · Common StockOther 15 152 · 2026-01-15
- Director, Director and former CFO · Common StockOther 4 419 · 2026-01-08
- Director · Common StockOther 13 256 · 2025-12-17
- Director, CEO and President · Common StockOther 5 754 · 2025-12-10
- Director · Common StockOther 15 595 · 2025-12-02
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Gross profit (YoY) (2025-12-31 vs 2024-12-31): -38.8%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): -125.6%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 17.6%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 10.7%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -0.5%Derived (calculated)
- Net margin (FY 2025-12-31): -1.2%Derived (calculated)
- Gross margin (FY 2025-12-31): 15.2%Derived (calculated)
- Return on equity (FY 2025-12-31): -3.3%Derived (calculated)
- Return on assets (FY 2025-12-31): -1.1%Derived (calculated)
- Current ratio (FY 2025-12-31): 1.89xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): 1.92xDerived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): -14.6%Derived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): -83.9%Derived (calculated)
- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): -8.0%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -126.9%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -126.9%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): -102.6%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2023-12-31): 13,988.3%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -246.1%Derived (calculated)
- Shares outstanding (annual): 13.16MSEC XBRL filing
- Total liabilities (annual): USD 49.44MSEC XBRL filing
- Total assets (annual): USD 75.24MSEC XBRL filing
- Current liabilities (annual): USD 23.02MSEC XBRL filing
- Current assets (annual): USD 43.41MSEC XBRL filing