BNB Standard (BNC)
Market Price (10/20/2026): $4.665 | Market Cap: $246.8 MilSector: Industrials | Industry: Agricultural & Farm Machinery
BNB Standard (BNC)
Market Price (10/20/2026): $4.665Market Cap: $246.8 MilSector: IndustrialsIndustry: Agricultural & Farm Machinery
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 67%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 61% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 697% | Weak multi-year price returns2Y Excs Rtn is -64%, 3Y Excs Rtn is -113% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -36 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -160% Expensive valuation multiplesP/SPrice/Sales ratio is 11x High stock price volatilityVol 12M is 108% Key risksBNC key risks include [1] extreme concentration and volatility from its near-exclusive reliance on Binance Coin (BNB), Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 67%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 61% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 697% |
| Weak multi-year price returns2Y Excs Rtn is -64%, 3Y Excs Rtn is -113% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -36 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -160% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 11x |
| High stock price volatilityVol 12M is 108% |
| Key risksBNC key risks include [1] extreme concentration and volatility from its near-exclusive reliance on Binance Coin (BNB), Show more. |
Qualitative Assessment
AI Analysis | Feedback
BNB Standard (BNC) stock has gained about 70% since 6/30/2026 because of the following key factors:
1. Significant Appreciation of BNB Cryptocurrency. The price of BNB, the core digital asset held by BNB Standard, experienced a substantial increase during the specified period. From approximately $545.69 in June 2026, the price of BNB rose to about $768.18 by September 2026, marking an appreciation of over 40%. This direct increase in the value of its primary treasury asset significantly bolstered BNB Standard's stock performance.
2. Strategic Corporate Rebranding to BNB Standard. Effective September 29, 2026, CEA Industries Inc. formally changed its name to BNB Standard Corporation. This rebranding initiative explicitly aligned the company's corporate identity with its core business strategy of managing a large corporate treasury of BNB, enhancing clarity and investor confidence in its specialized focus within the digital asset space.
Show more
BNB Standard (BNC) stock has gained about 70% since 6/30/2026 because of the following key factors:
1. Significant Appreciation of BNB Cryptocurrency. The price of BNB, the core digital asset held by BNB Standard, experienced a substantial increase during the specified period. From approximately $545.69 in June 2026, the price of BNB rose to about $768.18 by September 2026, marking an appreciation of over 40%. This direct increase in the value of its primary treasury asset significantly bolstered BNB Standard's stock performance.
2. Strategic Corporate Rebranding to BNB Standard. Effective September 29, 2026, CEA Industries Inc. formally changed its name to BNB Standard Corporation. This rebranding initiative explicitly aligned the company's corporate identity with its core business strategy of managing a large corporate treasury of BNB, enhancing clarity and investor confidence in its specialized focus within the digital asset space.
3. Appointment of a New Chief Executive Officer with Relevant Expertise. Alex Odagiu, who had been serving as Interim President since June 2026, was officially appointed Chief Executive Officer on October 19, 2026. Mr. Odagiu's background as an Investment Partner at YZi Labs, with a focus on Web3 investments and projects within the BNB Chain ecosystem, signaled a fortified leadership with specialized knowledge directly relevant to the company's strategic direction.
4. Launch of the BNB Chain Validator Initiative. Concurrently with the new CEO appointment on October 19, 2026, BNB Standard announced its strategic plan to operate its own validator on the BNB Chain. This move signifies the company's expansion beyond passive treasury management into active participation in blockchain network infrastructure, indicating a potential new revenue stream and deeper integration into the BNB ecosystem.
Show less
Stock Movement Drivers
Fundamental Drivers
The 71.7% change in BNC stock from 6/30/2026 to 10/19/2026 was primarily driven by a 81.6% change in the company's P/E Multiple.| (LTM values as of) | 6302026 | 10192026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.72 | 4.67 | 71.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16 | 22 | 43.2% |
| Net Income Margin (%) | 1121.0% | 736.3% | -34.3% |
| P/E Multiple | 0.8 | 1.5 | 81.6% |
| Shares Outstanding (Mil) | 53 | 53 | 0.5% |
| Cumulative Contribution | 71.7% |
Market Drivers
6/30/2026 to 10/19/2026| Return | Correlation | |
|---|---|---|
| BNC | 71.7% | |
| Market (SPY) | 2.6% | 22.2% |
| Sector (XLI) | -10.0% | 12.5% |
Fundamental Drivers
The 59.9% change in BNC stock from 3/31/2026 to 10/19/2026 was primarily driven by a 69.2% change in the company's P/E Multiple.| (LTM values as of) | 3312026 | 10192026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.92 | 4.67 | 59.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16 | 22 | 43.2% |
| Net Income Margin (%) | 1121.0% | 736.3% | -34.3% |
| P/E Multiple | 0.9 | 1.5 | 69.2% |
| Shares Outstanding (Mil) | 53 | 53 | 0.5% |
| Cumulative Contribution | 59.9% |
Market Drivers
3/31/2026 to 10/19/2026| Return | Correlation | |
|---|---|---|
| BNC | 59.9% | |
| Market (SPY) | 18.2% | 27.5% |
| Sector (XLI) | 3.3% | 17.5% |
Fundamental Drivers
The -40.1% change in BNC stock from 9/30/2025 to 10/19/2026 was primarily driven by a -98.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 9302025 | 10192026 | Change |
|---|---|---|---|
| Stock Price ($) | 7.80 | 4.67 | -40.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3 | 22 | 581.1% |
| P/S Multiple | 1.9 | 11.1 | 479.8% |
| Shares Outstanding (Mil) | 1 | 53 | -98.5% |
| Cumulative Contribution | -40.1% |
Market Drivers
9/30/2025 to 10/19/2026| Return | Correlation | |
|---|---|---|
| BNC | -40.1% | |
| Market (SPY) | 16.0% | 32.9% |
| Sector (XLI) | 9.0% | 27.1% |
Fundamental Drivers
The -48.3% change in BNC stock from 9/30/2023 to 10/19/2026 was primarily driven by a -98.7% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 9302023 | 10192026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.03 | 4.67 | -48.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12 | 22 | 82.2% |
| P/S Multiple | 0.5 | 11.1 | 2131.0% |
| Shares Outstanding (Mil) | 1 | 53 | -98.7% |
| Cumulative Contribution | -48.3% |
Market Drivers
9/30/2023 to 10/19/2026| Return | Correlation | |
|---|---|---|
| BNC | -48.3% | |
| Market (SPY) | 85.5% | 4.3% |
| Sector (XLI) | 71.0% | 2.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| BNC Return | -7% | -83% | -35% | 24% | -21% | -30% | -93% |
| Peers Return | 43% | -86% | 328% | 60% | -31% | -18% | -20% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| BNC Win Rate | 33% | 42% | 50% | 50% | 33% | 30% | |
| Peers Win Rate | 45% | 30% | 65% | 43% | 53% | 40% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| BNC Max Drawdown | -84% | -89% | -58% | -41% | -92% | -69% | |
| Peers Max Drawdown | -69% | -87% | -53% | -55% | -65% | -56% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: MSTR, MARA, RIOT, COIN, HYFM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/19/2026 (YTD)
How Low Can It Go
| Event | BNC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -39.8% | -18.8% |
| % Gain to Breakeven | 66.1% | 23.1% |
| Time to Breakeven | 56 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -38.9% | -9.5% |
| % Gain to Breakeven | 63.8% | 10.5% |
| Time to Breakeven | 196 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.2% | -6.7% |
| % Gain to Breakeven | 37.4% | 7.1% |
| Time to Breakeven | 666 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -66.5% | -33.7% |
| % Gain to Breakeven | 198.3% | 50.9% |
| Time to Breakeven | 287 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -57.6% | -19.2% |
| % Gain to Breakeven | 136.1% | 23.8% |
| Time to Breakeven | 748 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -74.2% | -12.2% |
| % Gain to Breakeven | 287.9% | 13.9% |
| Time to Breakeven | 220 days | 62 days |
In The Past
BNB Standard's stock fell -39.8% during the 2025 US Tariff Shock. Such a loss loss requires a 66.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | BNC | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -39.8% | -18.8% |
| % Gain to Breakeven | 66.1% | 23.1% |
| Time to Breakeven | 56 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -38.9% | -9.5% |
| % Gain to Breakeven | 63.8% | 10.5% |
| Time to Breakeven | 196 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.2% | -6.7% |
| % Gain to Breakeven | 37.4% | 7.1% |
| Time to Breakeven | 666 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -66.5% | -33.7% |
| % Gain to Breakeven | 198.3% | 50.9% |
| Time to Breakeven | 287 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -57.6% | -19.2% |
| % Gain to Breakeven | 136.1% | 23.8% |
| Time to Breakeven | 748 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -74.2% | -12.2% |
| % Gain to Breakeven | 287.9% | 13.9% |
| Time to Breakeven | 220 days | 62 days |
In The Past
BNB Standard's stock fell -39.8% during the 2025 US Tariff Shock. Such a loss loss requires a 66.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About BNB Standard (BNC)
BNB Standard (symbol: BNC) is a global provider of technology, engineering, and services tailored for the controlled environment agriculture (CEA) industry. The company specializes in developing and implementing comprehensive infrastructure solutions designed to optimize growing conditions within large-scale indoor cultivation facilities worldwide.
Its main products and services encompass architectural design and floor plans for cultivation facilities, alongside licensed mechanical, electrical, and plumbing (MEP) engineering specifically for commercial environmental control systems. BNB Standard also supplies critical climate control systems, including process cooling and air handling equipment, LED lighting solutions, and specialized benching and racking for indoor cultivation. The company further offers automation and control technologies for environmental management and provides preventive maintenance services to ensure the ongoing efficiency of CEA facilities.
BNB Standard primarily serves commercial CEA growers globally, including those operating within state- and provincial-regulated markets. The company's expertise is geared towards businesses that require sophisticated, reliable, and integrated systems to effectively manage and scale their indoor agricultural operations.
AI Analysis | Feedback
The Honeywell or Siemens for advanced indoor agriculture facilities.
The Cisco Systems for controlled environment agriculture.
AI Analysis | Feedback
AI Analysis | Feedback
AI Analysis | Feedback
AI Analysis | Feedback
William B. Miller, Chief Financial Officer and Interim Principal Executive Officer
William B. Miller was appointed Chief Financial Officer of CEA Industries Inc. (now BNB Standard Corporation) effective March 9, 2026, and additionally serves as Interim Principal Executive Officer since July 22, 2026. He brings over two decades of experience in financial reporting, accounting policy, internal controls, and capital markets within public company settings. Prior to this role, Miller served as the Chief Accounting Officer at Figure Technology Solutions Inc., where he played a key role in guiding the company through its reorganization and initial public offering.
Alex Odagiu, Interim President
Alex Odagiu assumed the role of Interim President of CEA Industries Inc. (now BNB Standard Corporation) on June 23, 2026. He is an Investment Partner at YZi Labs, focusing on digital assets, decentralized finance (DeFi), and blockchain-enabled financial services. Previously, he was an Investment Partner at Binance Labs, where he managed tokens, equity, and strategic investments. Odagiu's background also includes two years as an investment professional at a London technology fund and four years as an investment banker at Goldman Sachs. He holds a master's degree in economics and mathematics from the University of St Andrews. He has been actively involved in the BNB Chain MVB program as a reviewer/mentor and has been deeply involved in YZi Labs' incubation program, EASY Residency. His investment focus includes DeFi, real-world asset tokenization, AI-crypto convergence, and stablecoin/infrastructure projects.
Carly E. Howard, Chair of the Board of Directors
Carly E. Howard serves as the Chair of the Board of Directors for BNB Standard Corporation (formerly CEA Industries Inc.). She is an attorney with the global law firm K&L Gates, specializing in digital assets for high-net-worth individuals, family offices, and investment funds. Howard possesses extensive expertise in crypto, having worked with both crypto-native projects and traditional finance companies for over five years. She is also the Founder and Principal Consultant of CEH Advisory, a legal consultancy that provides strategic design and hands-on establishment for crypto-focused funds and tokenized projects. Her prior experience includes roles as Senior Vice President at CIBC (former Atlantic Trust) and Truist (former BB&T), where she offered legal and strategic leadership to executives and high-tier wealth clients, overseeing fiduciary operations, regulatory risk, and complex trust structures. She holds a Master of Laws in Estate Planning and a Degree in Law from the University of Miami, and a Degree in Communications from the College of Charleston, South Carolina.
Renee Larson, VP Finance / Controller
Renee Larson holds the position of VP Finance / Controller at BNB Standard Corporation (formerly CEA Industries Inc.).
Jordan Vedoya, President Fat Panda Ltd.
Jordan Vedoya serves as the President of Fat Panda Ltd., a subsidiary of BNB Standard Corporation (formerly CEA Industries Inc.).
AI Analysis | Feedback
Here are the key risks to the business of BNB Standard (symbol: BNC):
- Cryptocurrency Price Volatility: BNB Standard Corporation's primary focus is on managing the world's largest corporate treasury of BNB, a Binance-affiliated token. Consequently, the company's financial performance and valuation are highly susceptible to the extreme price volatility inherent in cryptocurrency markets. Fluctuations in the value of BNB directly impact the company's assets. For instance, recent reports indicate that BNB experienced a decline of approximately 5% over a week, even as BNB Standard's stock saw gains, highlighting the direct exposure to this volatility.
- Regulatory and Legal Risks in the Cryptocurrency Industry: The cryptocurrency sector operates within a rapidly evolving and often uncertain regulatory landscape across various jurisdictions. Changes in laws, regulations, or their interpretations by governmental bodies could adversely affect the value or liquidity of BNB holdings, or restrict BNB Standard's ability to manage its digital asset treasury. This regulatory unpredictability poses a significant risk to the company's operations and financial stability.
- Security Risks Associated with Digital Assets: Holding a substantial corporate treasury of cryptocurrency assets exposes BNB Standard to significant security risks. These include the potential for cyberattacks, hacking, theft, or accidental loss of private keys. Such security breaches could lead to substantial financial losses and damage to the company's reputation and operational capabilities.
AI Analysis | Feedback
AI Analysis | Feedback
BNB Standard, trading under the symbol BNC, was formerly known as CEA Industries Inc. The company officially changed its name to BNB Standard Corporation on September 29, 2026, and retained its Nasdaq ticker symbol 'BNC'. This rebranding signifies a shift in the company's focus towards managing a corporate BNB treasury, aiming to establish a standard for how public companies manage BNB treasuries.
The addressable market for BNB Standard's main services revolves around the broader cryptocurrency market, specifically the BNB ecosystem, and the growing trend of public companies holding cryptocurrencies as treasury assets. As of October 2026, the BNB token trades at $768 and has a market capitalization of $100 billion. This represents the global market value of the BNB asset that the company aims to manage.
Within the global BNB Chain ecosystem, other significant market indicators include:
- The stablecoin market capitalization on BNB Chain reached a peak of $14 billion in 2025.
- Real-world assets (RWA) on BNB Chain surpassed $1.8 billion in value during 2025.
- The total number of unique addresses on BNB Chain exceeded 700 million in 2025.
These figures indicate a substantial and active global market for BNB-related assets and activities, which forms the addressable market for BNB Standard's treasury management services.
AI Analysis | Feedback
For BNB Standard (symbol: BNC), the expected drivers of future revenue growth over the next 2-3 years primarily stem from its strategic pivot to a digital asset treasury strategy focused on BNB. CEA Industries Inc., which trades under the symbol BNC, officially announced its change of corporate name to BNB Standard Corporation, effective September 29, 2026. The company has transformed from its original focus on controlled environment agriculture (CEA) to managing a substantial treasury of BNB digital assets.
The key drivers of future revenue growth include:
- Appreciation in the Value of BNB Digital Asset Holdings: As BNB Standard Corporation is committed to building and managing what it aims to be the world's largest corporate treasury of BNB, an increase in the market price of BNB would directly enhance the value of its primary asset. This appreciation could significantly impact the company's financial performance through realized gains or mark-to-market adjustments.
- Strategic Acquisition of Additional BNB: The company plans to continue "strategically deploy significant capital acquiring additional BNB," aiming to deepen its position as the world's largest corporate BNB treasury. Expanding its holdings of BNB would naturally amplify any gains derived from price appreciation and participation within the BNB ecosystem.
- Income Generation from the BNB Ecosystem: BNB Standard Corporation's strategy offers shareholders exposure to the BNB digital ecosystem. This includes revenue streams such as airdrop income, which generated $7.9 million in fiscal year 2026, and potential yields from the Binance platform, which management expects to return to historical performance levels.
- Growth and Development of Complementary Businesses in Consumer Markets: Although the primary focus has shifted to its BNB treasury, the company states it is a "growth-oriented company that focuses on building category-leading businesses in consumer markets," encompassing its digital asset strategy. Its existing operating units, Fat Panda and Surna Cultivation Technologies, remain active and are subject to ongoing strategic evaluation. Successful performance or expansion in these or new consumer market ventures could contribute to future revenue.
AI Analysis | Feedback
Share Repurchases
- CEA Industries repurchased and cancelled 1,434,112 shares for $3.8 million at an average price of $2.63, reducing shares outstanding to 41,173,850 as of September 2026.
- On September 22, 2025, the company announced a $250 million stock repurchase program authorized by its Board of Directors.
Share Issuance
- Shareholder dilution has been significant, with shares outstanding increasing by 348.2% in fiscal year 2022.
- The number of shares outstanding increased by 42,566.12% in one year as of September 22, 2026.
- Major shareholder YZiLabs Management Ltd. exercised warrants totaling 7,599,264 shares for $0.00001 per share on September 17, 2026.
Inbound Investments
- CEA Industries Inc. received $421.72 million in funding from a group of investors, with the transaction closing on August 5, 2025.
- The company drew $15.0 million of USDC under a master loan facility, secured by 44,198 BNB, by July 31, 2026.
- YZiLabs Management Ltd., through a PIPE financing, became a beneficial owner of 9,749,745 common shares, or 19.99% of the company's common stock.
Outbound Investments
- CEA Industries Inc. has shifted its primary business to building and managing a corporate treasury of BNB, holding 515,544 BNB tokens with a fair value of $302.3 million at July 31, 2026.
Capital Expenditures
- Capital expenditures for the last 12 months as of September 22, 2026, were -$134,000.
Peer Outperformance in Agricultural & Farm Machinery
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 30 | -0.2% | 113.7% | 164.2% | STRL 1759% · FIX 1743% · AGX 772% |
| Marine Transportation | 5 | 59.4% | 45.4% | 119.0% | MATX 199% · KEX 146% |
| Construction Machinery & Heavy Transportation Equipment | 13 | -3.1% | 50.6% | 85.7% | CAT 293% · ALSN 241% · WAB 221% |
| Aerospace & Defense | 52 | -10.6% | 55.0% | 63.9% | ATI 1052% · FTAI 783% · HWM 623% |
| Trading Companies & Distributors | 19 | 10.3% | 39.2% | 48.0% | DXPE 455% · AIT 259% · URI 201% |
| Industrial Machinery & Supplies & Components | 72 | 10.5% | 55.8% | 38.1% | CRS 1111% · MLI 468% · SYM 292% |
| Rail Transportation | 7 | 28.5% | 62.3% | 30.6% | CSX 50% · UNP 42% · NSC 31% |
| Cargo Ground Transportation | 16 | 32.6% | 4.2% | 23.4% | XPO 276% · R 209% · ARCB 55% |
| Diversified Support Services | 34 | 14.0% | 28.3% | 23.1% | CXW 227% · OPLN 145% · CACI 119% |
| Building Products | 32 | -11.7% | 11.9% | 19.2% | GFF 332% · TT 182% · JCI 126% |
| Electrical Components & Equipment | 37 | -8.5% | 72.8% | 13.2% | POWL 2005% · BE 944% · VRT 786% |
| Industrial Conglomerates | 17 | 10.8% | 3.6% | -8.5% | CSW 117% · DD 64% · CSL 62% |
| Agricultural & Farm Machinery ← | 16 | 3.5% | -4.6% | -14.0% | DE 95% · TTC 10% · AGCO -8% |
| Data Processing & Outsourced Services | 6 | -24.2% | -5.0% | -20.6% | EXLS 60% · BR 6% · G -20% |
| Security & Alarm Services | 9 | -58.0% | 12.6% | -24.5% | BCO 77% |
| Office Services & Supplies | 9 | 19.5% | 19.1% | -27.0% | PBI 197% · TILE 140% · HNI 42% |
| Research & Consulting Services | 13 | -2.5% | -19.0% | -29.8% | HURN 253% · FCN 2% · BAH 1% |
| Passenger Ground Transportation | 3 | -24.2% | 62.8% | -32.2% | UBER 49% · CAR -32% · LYFT -66% |
| Environmental & Facilities Services | 29 | -32.3% | 24.2% | -32.5% | GEO 232% · CLH 184% · RSG 90% |
| Air Freight & Logistics | 12 | -28.8% | -23.9% | -39.9% | FDX 77% · EXPD 76% · CHRW 60% |
| Passenger Airlines | 11 | -2.5% | 7.6% | -40.2% | LTM 3048% · UAL 107% · DAL 92% |
| Human Resource & Employment Services | 22 | 11.4% | -17.1% | -44.6% | ADP 50% · PAYX 6% · FA 1% |
| Airport Services | 4 | -70.6% | -67.9% | -83.0% | JOBY -49% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| CEA Industries Earnings Notes | 12/16/2025 | |
| CEA Industries Stock Drop Looks Sharp, But How Deep Can It Go? | 10/17/2025 | |
| Day 8 of Loss Streak for CEA Industries Stock with -38% Return (vs. 110% YTD) [9/4/2025] | 09/05/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 10.69 |
| Mkt Cap | 3.8 |
| Rev LTM | 586 |
| Op Inc LTM | -39 |
| FCF LTM | -1,097 |
| FCF 3Y Avg | -961 |
| CFO LTM | -20 |
| CFO 3Y Avg | -39 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.3% |
| Rev Chg 3Y Avg | 40.0% |
| Rev Chg Q | -5.8% |
| QoQ Delta Rev Chg LTM | -1.3% |
| Op Inc Chg LTM | -37.8% |
| Op Inc Chg 3Y Avg | -59.9% |
| Op Mgn LTM | -49.0% |
| Op Mgn 3Y Avg | -51.0% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | -4.4% |
| CFO/Rev 3Y Avg | -8.3% |
| FCF/Rev LTM | -154.1% |
| FCF/Rev 3Y Avg | -127.0% |
Price Behavior
| Market Price | $4.67 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 04/05/2011 | |
| Distance from 52W High | -39.4% | |
| 50 Days | 200 Days | |
| DMA Price | $4.40 | $3.66 |
| DMA Trend | up | down |
| Distance from DMA | 6.1% | 27.6% |
| 3M | 1YR | |
| Volatility | 140.4% | 107.9% |
| Downside Capture | 185.01 | 311.59 |
| Upside Capture | 391.13 | 192.29 |
| Correlation (S&P 500) | 19.9% | 32.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.04 | 1.35 | 2.43 | 2.58 | 2.75 | 0.89 |
| Up Beta | 14.15 | 1.70 | 2.67 | 2.54 | 2.09 | 0.12 |
| Down Beta | 1.49 | -0.40 | 3.79 | 4.76 | 4.28 | 3.35 |
| Up Capture | 658% | 500% | 525% | 382% | 375% | 57% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 13 | 25 | 34 | 62 | 113 | 341 |
| Down Capture | -680% | -380% | -35% | 146% | 172% | 105% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 9 | 16 | 28 | 62 | 133 | 381 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BNC | |
|---|---|---|---|---|
| BNC | -41.8% | 107.9% | -0.03 | - |
| Sector ETF (XLI) | 11.0% | 17.2% | 0.43 | 25.6% |
| Equity (SPY) | 17.1% | 12.7% | 0.95 | 32.7% |
| Gold (GLD) | -4.2% | 29.3% | -0.15 | 15.4% |
| Commodities (DBC) | 52.6% | 20.7% | 1.93 | -1.3% |
| Real Estate (VNQ) | 3.9% | 13.7% | 0.03 | 12.7% |
| Bitcoin (BTCUSD) | -24.8% | 43.7% | -0.53 | 35.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BNC | |
|---|---|---|---|---|
| BNC | -42.5% | 268.9% | 0.24 | - |
| Sector ETF (XLI) | 12.4% | 17.6% | 0.53 | 4.7% |
| Equity (SPY) | 13.5% | 17.1% | 0.60 | 6.2% |
| Gold (GLD) | 18.3% | 18.9% | 0.78 | 0.8% |
| Commodities (DBC) | 9.8% | 19.5% | 0.38 | 2.3% |
| Real Estate (VNQ) | 1.3% | 18.8% | -0.04 | 0.2% |
| Bitcoin (BTCUSD) | 7.2% | 51.8% | 0.32 | 6.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with BNC | |
|---|---|---|---|---|
| BNC | -32.6% | 220.9% | 0.30 | - |
| Sector ETF (XLI) | 13.1% | 20.0% | 0.57 | 3.4% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 4.5% |
| Gold (GLD) | 12.2% | 16.4% | 0.61 | 2.4% |
| Commodities (DBC) | 8.3% | 18.1% | 0.37 | 3.3% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 1.6% |
| Bitcoin (BTCUSD) | 63.0% | 66.2% | 1.03 | 5.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 10/19/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/11/2026 | 9.8% | 24.6% | 8.3% |
| 6/23/2026 | 18.5% | 19.8% | 26.0% |
| 3/16/2026 | 0.9% | -4.9% | -12.6% |
| 12/16/2025 | -0.5% | 1.1% | -7.6% |
| 9/23/2025 | -0.6% | -2.0% | -7.5% |
| SUMMARY STATS | |||
| # Positive | 3 | 3 | 2 |
| # Negative | 2 | 2 | 3 |
| Median Positive | 9.8% | 19.8% | 17.2% |
| Median Negative | -0.5% | -3.5% | -7.6% |
| Max Positive | 18.5% | 24.6% | 26.0% |
| Max Negative | -0.6% | -4.9% | -12.6% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 9/11/2026 | 9.8% | 24.6% | 8.3% |
| 6/23/2026 | 18.5% | 19.8% | 26.0% |
| 3/16/2026 | 0.9% | -4.9% | -12.6% |
| 12/16/2025 | -0.5% | 1.1% | -7.6% |
| 9/23/2025 | -0.6% | -2.0% | -7.5% |
| SUMMARY STATS | |||
| # Positive | 3 | 3 | 2 |
| # Negative | 2 | 2 | 3 |
| Median Positive | 9.8% | 19.8% | 17.2% |
| Median Negative | -0.5% | -3.5% | -7.6% |
| Max Positive | 18.5% | 24.6% | 26.0% |
| Max Negative | -0.6% | -4.9% | -12.6% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 09/11/2026 | 10-Q |
| 01/31/2026 | 03/16/2026 | 10-Q |
| 10/31/2025 | 12/15/2025 | 10-Q |
| 04/30/2025 | 07/25/2025 | 10-KT |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/27/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/29/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/28/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 07/31/2026 | 09/11/2026 | 10-Q |
| 01/31/2026 | 03/16/2026 | 10-Q |
| 10/31/2025 | 12/15/2025 | 10-Q |
| 04/30/2025 | 07/25/2025 | 10-KT |
| 03/31/2025 | 05/15/2025 | 10-Q |
| 12/31/2024 | 03/27/2025 | 10-K |
| 09/30/2024 | 11/14/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-Q |
| 03/31/2024 | 05/14/2024 | 10-Q |
| 12/31/2023 | 03/29/2024 | 10-K |
| 09/30/2023 | 11/14/2023 | 10-Q |
| 06/30/2023 | 08/14/2023 | 10-Q |
| 03/31/2023 | 05/15/2023 | 10-Q |
| 12/31/2022 | 03/28/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| 03/31/2022 | 05/12/2022 | 10-Q |
| 12/31/2021 | 03/29/2022 | 10-K |
| 09/30/2021 | 11/10/2021 | 10-Q |
| 06/30/2021 | 08/10/2021 | 10-Q |
| 03/31/2021 | 05/11/2021 | 10-Q |
| 12/31/2020 | 03/24/2021 | 10-K |
| 09/30/2020 | 11/12/2020 | 10-Q |
| 06/30/2020 | 08/11/2020 | 10-Q |
| 03/31/2020 | 06/25/2020 | 10-Q |
| 12/31/2019 | 03/24/2020 | 10-K |
| 09/30/2019 | 11/12/2019 | 10-Q |
| 06/30/2019 | 08/07/2019 | 10-Q |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Agricultural & Farm Machinery Resources |
| Farm Equipment |
| AgEquipment Intelligence |
| Implement & Tractor |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.
