Tearsheet

CVD Equipment (CVV)

Market Price (12/28/2025): $3.0 | Market Cap: $20.6 Mil
Sector: Industrials | Industry: Industrial Machinery & Supplies & Components

CVD Equipment (CVV)

Market Price (12/28/2025): $3.0
Market Cap: $20.6 Mil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -39%	Weak multi-year price returns 2Y Excs Rtn is -85%, 3Y Excs Rtn is -125%	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -0.6 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.2%
1	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 20%		Weak revenue growth Rev Chg QQuarterly Revenue Change % is -9.6%
2	Megatrend and thematic drivers Megatrends include Advanced Materials. Themes include Nanomaterials, and Specialty Chemicals for Performance.		Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -6.5%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.6%
3			Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.0%
4			Key risks CVV key risks include [1] high customer concentration combined with a significant drop in new orders, Show more.

0	Cash is significant % of market cap Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -39%
1	Strong revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 20%
2	Megatrend and thematic drivers Megatrends include Advanced Materials. Themes include Nanomaterials, and Specialty Chemicals for Performance.
3	Weak multi-year price returns 2Y Excs Rtn is -85%, 3Y Excs Rtn is -125%
4	Not profitable at operating income level Op Inc LTMOperating Income, Last Twelve Months is -0.6 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.2%
5	Weak revenue growth Rev Chg QQuarterly Revenue Change % is -9.6%
6	Not cash flow generative CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -6.5%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -6.6%
7	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.0%
8	Key risks CVV key risks include [1] high customer concentration combined with a significant drop in new orders, Show more.

Valuation, Metrics & Events

	12/28/25	2024	2023	2022	2021
Share Price CYE	$3.00	$4.40	$4.43	$5.51	$4.13
Market Cap CYE ($ Mil)	20.6	30.1	30.1	37.2	27.7
Total Debt ($ Mil)	0.2	0.3	0.3	0.4	1.8
Total Cash ($ Mil)	8.4	12.6	14.0	14.4	16.7
Enterprise Value ($ Mil)	12.5	30.4	30.4	37.6	29.5
Valuation Ratios
P/S TTM	0.7	1.1	1.2	1.4	1.7
P/EBIT TTM	-151.8	-16.2	-7.2	-175.0	5.5
P/E TTM	-111.6	-15.8	-7.2	-165.6	5.8
P/FCF TTM	-11.0	-18.8	-48.2	-70.8	-6.1
Sector Ratios
P/S TTM (Sector)	1.6	1.5	1.4	1.1	1.6
P/EBIT TTM (Sector)	13.0	11.8	11.2	9.1	12.2
P/E TTM (Sector)	17.2	16.5	15.4	12.1	16.0
P/FCF TTM (Sector)	13.6	13.2	12.1	8.4	13.8

	12/28/25	2024	2023
Share Price CYE	$3.00	$4.40	$4.43
Market Cap CYE ($ Mil)	20.6	30.1	30.1
Total Debt ($ Mil)	0.2	0.3	0.3
Total Cash ($ Mil)	8.4	12.6	14.0
Enterprise Value ($ Mil)	12.5	30.4	30.4
Valuation Ratios
P/S TTM	0.7	1.1	1.2
P/EBIT TTM	-151.8	-16.2	-7.2
P/E TTM	-111.6	-15.8	-7.2
P/FCF TTM	-11.0	-18.8	-48.2
Sector Ratios
P/S TTM (Sector)	1.6	1.5	1.4
P/EBIT TTM (Sector)	13.0	11.8	11.2
P/E TTM (Sector)	17.2	16.5	15.4
P/FCF TTM (Sector)	13.6	13.2	12.1

	CVV	S&P 500
REVENUE GROWTH
Rev LTM ($ Bil)	0.0
Rev Chg Q	-9.6%	7.3%
Rev Chg LTM	19.8%	6.1%
Rev Chg 3Y Avg	7.8%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	-0.0
CFO LTM ($ Bil)	-0.0
Net Inc LTM ($ Bil)	-0.0
Op Mgn LTM	-2.2%	18.8%
CFO/Rev LTM	-6.5%	20.4%
Net Inc Mgn	-0.7%	13.1%
VALUATION	VERY LOW
P/S	0.7	3.3
P/CFO	-11.3	15.8
P/FCF	-11.0	20.7
P/E	-111.6	23.7
STABILITY	VERY GOOD
Debt/Equity	0.01	0.21
Cash/Assets	0.28	0.07

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Metric	Value	Date	Source
Backlog	13200000	6302025	Link
Recent Patent Grant	Fluid reactors	6102025	Link

Upcoming
3/17/2026	Earnings Release	Rev: - EPS: -

CVV Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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1. Weak Bookings and Lower Revenues in Q3 2025

CVD Equipment Corporation reported weak bookings and lower third-quarter 2025 revenues, which likely contributed to negative investor sentiment despite stronger margins and a better contract mix leading to improved net income.

2. Overall Bearish Market Sentiment and Technical Indicators

Around December 2025, the stock exhibited a bearish sentiment, with technical analysis indicators generally pointing towards a "Strong Sell" or negative outlook, suggesting a prevailing pessimistic investor perception.

3. Underperformance Compared to the Broader Market

CVD Equipment's stock has shown low relative strength, significantly underperforming the overall market and a large percentage of other stocks.

4. Trading Near 52-Week Lows

The stock was observed trading in the lower portion of its 52-week range around December 2025, and previously hit a 52-week low in May 2025, indicating persistent downward pressure and heightened investor concern.

5. Concerns Over Global Wafer Overcapacity and Geopolitical Tensions

Broader industry challenges such as global wafer overcapacity and geopolitical tensions were cited as impacting the company, which likely fostered ongoing investor caution.

Stock Movement Drivers

Fundamental Drivers

The -7.1% change in CVV stock from 9/27/2025 to 12/27/2025 was primarily driven by a -4.3% change in the company's P/S Multiple.

	9272025	12272025	Change
Stock Price ($)	3.26	3.03	-7.06%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	29.04	28.25	-2.71%
P/S Multiple	0.77	0.74	-4.27%
Shares Outstanding (Mil)	6.87	6.88	-0.21%
Cumulative Contribution			-7.06%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025

	Return	Correlation
CVV	-7.1%
Market (SPY)	4.3%	45.6%
Sector (XLI)	3.0%	26.4%

Fundamental Drivers

The 5.9% change in CVV stock from 6/28/2025 to 12/27/2025 was primarily driven by a 13.8% change in the company's P/S Multiple.

	6282025	12272025	Change
Stock Price ($)	2.86	3.03	5.94%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	30.27	28.25	-6.67%
P/S Multiple	0.65	0.74	13.76%
Shares Outstanding (Mil)	6.87	6.88	-0.21%
Cumulative Contribution			5.94%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025

	Return	Correlation
CVV	5.9%
Market (SPY)	12.6%	28.1%
Sector (XLI)	7.5%	16.8%

Fundamental Drivers

The -25.4% change in CVV stock from 12/27/2024 to 12/27/2025 was primarily driven by a -37.2% change in the company's P/S Multiple.

	12272024	12272025	Change
Stock Price ($)	4.06	3.03	-25.37%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	23.57	28.25	19.84%
P/S Multiple	1.18	0.74	-37.21%
Shares Outstanding (Mil)	6.83	6.88	-0.83%
Cumulative Contribution			-25.37%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025

	Return	Correlation
CVV	-25.4%
Market (SPY)	17.0%	21.0%
Sector (XLI)	19.2%	19.4%

Fundamental Drivers

The -45.1% change in CVV stock from 12/28/2022 to 12/27/2025 was primarily driven by a -53.7% change in the company's P/S Multiple.

	12282022	12272025	Change
Stock Price ($)	5.52	3.03	-45.11%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	23.30	28.25	21.23%
P/S Multiple	1.60	0.74	-53.75%
Shares Outstanding (Mil)	6.74	6.88	-2.16%
Cumulative Contribution			-45.14%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025

	Return	Correlation
CVV	-32.7%
Market (SPY)	48.0%	19.0%
Sector (XLI)	41.2%	14.7%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
CVV Return	13%	14%	33%	-20%	-1%	-32%	-7%
Peers Return	16%	38%	-12%	21%	26%	16%	150%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	114%
Monthly Win Rates [3]
CVV Win Rate	50%	50%	58%	33%	33%	42%
Peers Win Rate	52%	65%	42%	68%	57%	52%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
CVV Max Drawdown	-38%	0%	-10%	-26%	-37%	-43%
Peers Max Drawdown	-34%	-5%	-26%	-7%	-9%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[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] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique Key	Event	CVV	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-73.4%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	275.8%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-62.4%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	166.2%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	198 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-76.1%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	318.0%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	1,204 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-75.5%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	308.7%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	713 days	1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

CVD Equipment's stock fell -73.4% during the 2022 Inflation Shock from a high on 2/23/2023. A -73.4% loss requires a 275.8% gain to breakeven.

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About CVD Equipment (CVV)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

CVD Equipment Corporation, together with its subsidiaries, designs, develops, manufactures, and sells process equipment and solutions that are used to develop and manufacture materials and coatings for research and industrial applications in the United States. It operates through three segments: CVD, SDC, and CVD Materials. The company offers chemical vapor deposition systems for use in the research, development, and manufacture of aerospace, medical components, semiconductors, LEDs, carbon nanotubes, nanowires, solar cells, and other industrial applications; and rapid thermal processing systems for use in implant activation, oxidation, silicide formation, and other processes. It also provides annealing, diffusion, and low pressure chemical vapor deposition furnaces for use in diffusion, oxidation, implant anneal, solder reflow, solar cell manufacturing, and other processes; and gas and liquid control systems, such as gas cylinder storage cabinets, custom gas and chemical delivery systems, gas and liquid valve manifold boxes, and gas isolation boxes for semiconductor fabrication processes, solar cells, LEDs, carbon nanotubes, nanowires, and industrial applications. In addition, the company offers standard and custom fabricated quartz-ware used in its equipment and other customer tools, as well as repair and replacement services for existing quartz-ware. Further, it provides MesoPlasma direct write printing, a materials deposition process that provides instrumentation, fine feature patterns, and coatings onto conformal components; and Tantaline corrosion resistant coating for valves, fittings, fasteners, vessels, bellows, and custom designed items, as well as offers carbon composites and electronic materials. The company sells its products primarily to aerospace/defense, medical, electronic component manufacturers, universities, and government and industrial laboratories. The company was incorporated in 1982 and is headquartered in Central Islip, New York.

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A specialized Applied Materials focusing on advanced materials and emerging semiconductor applications.
The Lam Research of custom chemical vapor deposition (CVD) equipment.

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Chemical Vapor Deposition (CVD) Systems: These systems are used to deposit thin films of various materials onto substrates through chemical reactions in a gaseous environment for applications such as semiconductors and advanced coatings.
Physical Vapor Transport (PVT) Systems: These specialized systems are designed for the high-temperature growth of bulk crystals, primarily Silicon Carbide (SiC), which is crucial for power electronics and other high-performance semiconductor devices.
Advanced Electronic Materials: The company produces high-quality advanced materials, including Silicon Carbide (SiC) wafers, which are essential building blocks for next-generation power electronics and high-frequency devices.

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CVD Equipment Corporation (CVV) primarily sells its specialized equipment and services to other companies and research institutions (B2B).

According to the company's latest 10-K filing for the fiscal year ended December 31, 2023, no single customer accounted for 10% or more of CVV's consolidated net sales. This indicates a diversified customer base rather than reliance on a few major customers that would typically be disclosed by name in regulatory filings. Therefore, specific names of major customer companies that individually contribute significantly to revenue cannot be identified or listed.

However, CVV serves a broad range of customers across various high-technology sectors requiring advanced material processing. Their customer base broadly includes entities within the following industries:

Semiconductor Industry: Companies involved in the manufacturing and development of microelectronic devices, requiring CVD systems for thin-film deposition.
Aerospace Industry: Manufacturers and R&D departments focused on advanced materials for aircraft and spacecraft components, often utilizing specialized coatings or composite materials made via CVD.
Medical Industry: Developers and producers of specialized medical devices and materials, where CVD can be used for biocompatible coatings or advanced material fabrication.
Advanced Battery & Energy Storage: Companies innovating and producing next-generation battery technologies and energy solutions, which may use CVD for electrode materials or protective coatings.
Solar Energy Industry: Manufacturers and researchers in photovoltaic and solar thermal technologies, where CVD is employed for thin-film solar cell production or coatings for efficiency.
Research & Development (R&D) Institutions: Universities, government laboratories, and corporate R&D centers globally that require advanced CVD systems for material science research and development across various fields.

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Emmanuel Lakios, President & CEO Mr. Lakios was appointed President & CEO of CVD Equipment Corporation in January 2021. He joined the company in 2017 as Vice President of Sales & Marketing. Prior to CVD Equipment, Mr. Lakios served as President & CEO at Sensor Electronic Technology Inc (SETi), where he established the company as a leader in UV LEDs. He also held the position of President & COO at Imago Scientific Instruments Corporation, overseeing its sale to Cameca Ametek. Earlier in his career, Mr. Lakios held numerous leadership roles at Veeco Instruments Inc. from 1984 to 2003, including President of the Process Equipment Group, where he contributed to significant sales growth and market share increase through organic growth and strategic acquisitions. Richard Catalano, Executive Vice President & Chief Financial Officer Mr. Catalano was appointed Chief Financial Officer of CVD Equipment Corporation, effective August 30, 2022. He began his career at KPMG LLP in 1982, becoming an audit partner in 1993. During his 37 years at KPMG LLP, Mr. Catalano advised a diverse range of clients on private equity financed transactions, M&A related accounting, and U.S. Securities and Exchange Commission (SEC) filings. He is a Certified Public Accountant. Dr. Jeffrey Brogan, Vice President of Sales & Marketing Dr. Brogan was appointed as Vice President of Sales and Marketing for CVD Equipment on March 23, 2021. He previously served as Director of Sales and Marketing for CVD Materials Corporation and had general management responsibilities of CVD MesoScribe Technologies Corporation since November 2017. Before joining CVD, Dr. Brogan was the President and CEO of MesoScribe Technologies, Inc., and spearheaded its sale to CVD in 2017. He possesses over 20 years of experience in strategic sales & marketing, technology management, and advanced research & development. Kevin R. Collins, Vice President & General Manager, SDC Division Mr. Collins serves as the Vice President and General Manager of the SDC Division for CVD Equipment Corporation. Max Shatalov, Vice President of Engineering & Technology Mr. Shatalov holds the position of Vice President of Engineering & Technology at CVD Equipment Corporation.

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The key risks to CVD Equipment (CVV) are primarily concentrated around its customer base, global market dynamics, and reliance on external factors.

Customer Concentration and Demand Volatility: CVD Equipment faces significant risk due to its high customer concentration, with a substantial portion of its revenue dependent on a limited number of key customers. For example, in Q3 2025, approximately 55% of the CVD Equipment segment's revenue came from just three customers, meaning the loss of even one such contract could severely impact its top line. The company has also experienced a notable slowdown in new orders and a decrease in its backlog. Year-to-date bookings through September 30, 2025, fell significantly to $9.5 million from $21 million in the same period last year, indicating a broader challenge in generating new business. This volatility in demand and reliance on a few customers creates a considerable risk to the company's financial stability and growth.
Geopolitical, Trade, and Supply Chain Risks: The company is exposed to uncertainties related to geopolitical developments and proposed tariffs, which could negatively affect its supply chain and increase component and raw material costs. Delays in obtaining inventory parts from suppliers and difficulties in sourcing raw materials from foreign markets are ongoing concerns. Furthermore, certain critical components are only available from a single or limited group of suppliers, increasing vulnerability to supply chain disruptions.
Government Funding Volatility and Emerging Market Adoption Lag: CVD Equipment's business is susceptible to fluctuations in US government funding for universities and the impacts of government shutdowns, which directly affect its research and development customer base. Additionally, the company has observed a lag in the adoption of its products within the emerging growth markets it serves, potentially hindering its expansion and revenue diversification efforts.

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The clear emerging threat for CVD Equipment (CVV) is the advancement and increasing adoption of additive manufacturing (AM) technologies for the production of advanced ceramics and ceramic matrix composites (CMCs).

CVV provides equipment for traditional methods like Chemical Vapor Deposition (CVD) and Chemical Vapor Infiltration (CVI) used in the fabrication of these high-performance materials, particularly for aerospace and defense applications. However, AM techniques, such as binder jetting, stereolithography, and direct ink writing, are rapidly maturing for ceramic materials.

As these AM processes develop, they offer the potential for producing complex geometries, reducing material waste, and achieving shorter lead times compared to traditional manufacturing. If additive manufacturing for ceramics and CMCs becomes commercially viable and scalable for high-volume production, it could displace a portion of the market currently served by CVD/CVI processes, thereby reducing the demand for specialized equipment like that offered by CVV.

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CVD Equipment (CVV) operates in several addressable markets for its main products and services. The market sizes are identified as global unless otherwise specified.

Chemical Vapor Deposition (CVD) Equipment: The global chemical vapor deposition (CVD) equipment market was valued at approximately USD 26.87 billion in 2024 and is projected to reach around USD 57.04 billion by 2034. Within this, the global semiconductor CVD equipment market size is estimated at USD 18.03 billion in 2025 and is expected to reach USD 24.07 billion by 2030.
Molecular Beam Epitaxy (MBE) Systems: The global molecular beam epitaxy system market was valued at USD 267.4 million in 2024 and is projected to reach USD 669.8 million by 2035.
Ultra-High Vacuum (UHV) Equipment/Systems: The global ultra high vacuum (UHV) equipment market size is projected to grow from USD 1.2 billion in 2023 to an estimated USD 2.5 billion by 2032. The global ultra-high vacuum (UHV) chamber market is valued at USD 1.54 billion in 2025 and is expected to reach USD 2.72 billion by 2034. Furthermore, the global ultra high vacuum pump market size is anticipated to reach USD 1,583.3 million in 2025 and is projected to grow to USD 2,288.76 million by 2033.
Physical Vapor Transport (PVT) Systems (addressing Silicon Carbide Market): CVD Equipment's PVT systems are positioned to address the silicon carbide (SiC) market. The global silicon carbide market size was valued at USD 4.04 billion in 2024 and is projected to grow to USD 12.13 billion by 2034. Another estimate places the global silicon carbide market at USD 4.2 billion in 2024.

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CVD Equipment Corporation (CVV) is expected to drive future revenue growth over the next 2-3 years through several key areas:

Growth in the Aerospace & Defense Sector: The company has consistently highlighted strong and continued demand from the aerospace and defense market. This includes significant system orders, such as a $3.5 million order for a CVI/CVD3500 system from an existing aerospace customer, expected to be delivered over the next 12 months. The aerospace sector has been a primary driver of increased revenue for CVD Equipment's segment.
Demand for Gas Delivery Systems (SDC Segment): CVD Equipment's SDC segment, which provides gas delivery systems, has demonstrated strong demand and contributed to increased revenues. The company's Q4 2024 and Q1 2025 results both noted strong demand for gas delivery equipment.
Expansion in Microelectronics/Power Electronics (Silicon Carbide): CVD Equipment is strategically focused on the microelectronics/power electronics market, particularly in Silicon Carbide (SiC) applications. The company has launched and shipped PVT200 systems for 200mm SiC crystal growth to new accounts, with the customer evaluating its performance for potential additional orders. Despite challenges in the broader SiC market due to overcapacity, the company continues to support its installed base of PVT150 systems and pursue new PVT150 and PVT200 orders.
Penetration into EV Battery Materials/Energy Storage Markets: The company has identified EV battery materials and energy storage as a key strategic market for future growth. Continued investments in research and development and sales and marketing are focused on this emerging sector.
Launch and Adoption of New Products: The introduction and adoption of new systems like the CVD4000 SiC coating reactor system, which was first shipped to an industrial customer in early July 2025, are viewed as strategic investments for long-term growth. The ongoing evaluation of these new systems by customers presents opportunities for additional orders and sustained revenue.

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Share Repurchases

No information available regarding specific share repurchase programs or authorized future repurchases by CVD Equipment (CVV) within the last 3-5 years.

Share Issuance

No specific dollar amount of shares issued by CVD Equipment (CVV) was found within the last 3-5 years. Individual insider purchases, such as Andrew Africk's acquisition of 217,554 shares totaling $1,084,161 in April 2024, represent open market purchases rather than company-initiated share issuances.

Inbound Investments

No significant large inbound investments made in the company by third-parties (e.g., strategic partners or private equity firms) were reported within the last 3-5 years.

Outbound Investments

CVD Equipment strategically disposed of non-core entities, including the disposition of its Tantaline subsidiary in May 2023 and the winding down of MesoScribe's operations.
The company recognized a $0.2 million loss on the sale of its Tantaline subsidiary and a $0.1 million impairment charge related to the decision to wind down MesoScribe in Q2 2024.
Revenue for 2024 included $0.8 million of final sales from the MesoScribe segment before its closure.

Capital Expenditures

CVD Equipment has consistently made investments in research and development and sales and marketing.
The primary focus of these investments is on key strategic markets: aerospace & defense (ceramic matrix composites), high-power electronics (silicon carbide), and EV battery materials/energy storage (carbon nanotubes, graphene, and silicon nanowires).
The company anticipates that its cash and cash equivalents, along with projected cash flow from operations, will be sufficient to cover working capital and capital expense requirements for the next twelve months (as of Q2 2025).

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United Airlines

GXO (13.7% | 0.5x)

GXO Logistics

ALK (16.5% | 0.4x)

Alaska Air

TPC (9.6% | 0.7x)

Tutor Perini

Higher Rev Chg LTM (Value for CVV: 19.8%)

RKLB (52.4%)

Rocket Lab

BE (44.5%)

Bloom Energy

AXON (32.0%)

Axon Enterprise

VRT (28.8%)

Vertiv

FIX (27.7%)

Comfort Systems USA

Higher Rev Chg 3Y Avg (Value for CVV: 7.8%)

UBER (19.6%)

Uber Technologies

GE (15.7%)

GE Aerospace

BA (10.1%)

Boeing

ETN (9.7%)

Eaton

RTX (9.4%)

RTX

Higher Op Mgn LTM (Value for CVV: -2.2%)

GE (20.5%)

GE Aerospace

CAT (17.7%)

Caterpillar

RTX (10.3%)

RTX

UBER (9.2%)

Uber Technologies

GEV (3.7%)

GE Vernova

Higher CFO/Rev LTM (Value for CVV: -6.5%)

UBER (18.1%)

Uber Technologies

CAT (17.8%)

Caterpillar

GE (17.2%)

GE Aerospace

RTX (9.3%)

RTX

GEV (9.1%)

GE Vernova

Higher FCF/Rev LTM (Value for CVV: -6.6%)

UBER (17.5%)

Uber Technologies

GE (14.7%)

GE Aerospace

CAT (11.7%)

Caterpillar

GEV (6.6%)

GE Vernova

RTX (5.5%)

RTX

Higher Total Yield (Value for CVV: -0.9%)

UBER (9.8%)

Uber Technologies

CAT (4.4%)

Caterpillar

RTX (4.0%)

RTX

GE (2.4%)

GE Aerospace

GEV (1.1%)

GE Vernova

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for CVV: 7.8% | 0.7x)

UNH (11.4% | 0.7x)

UnitedHealth

MCK (12.6% | 0.3x)

McKesson

GM (8.6% | 0.4x)

General Motors

ELV (8.4% | 0.4x)

Elevance Health

CI (13.6% | 0.3x)

Cigna

Higher Rev Chg LTM (Value for CVV: 19.8%)

NVDA (65.2%)

NVIDIA

PLTR (47.2%)

Palantir Technologies

LLY (36.8%)

Eli Lilly

AVGO (23.9%)

Broadcom

META (21.3%)

Meta Platforms

Higher Rev Chg 3Y Avg (Value for CVV: 7.8%)

NVDA (91.6%)

NVIDIA

META (17.3%)

Meta Platforms

MSFT (13.2%)

Microsoft

AMZN (11.3%)

Amazon.com

GOOGL (11.0%)

Alphabet

Higher Op Mgn LTM (Value for CVV: -2.2%)

NVDA (58.8%)

NVIDIA

MSFT (46.3%)

Microsoft

GOOGL (32.2%)

Alphabet

AAPL (31.9%)

Apple

AMZN (11.4%)

Amazon.com

Higher CFO/Rev LTM (Value for CVV: -6.5%)

MSFT (50.0%)

Microsoft

NVDA (44.4%)

NVIDIA

GOOGL (39.3%)

Alphabet

AAPL (26.6%)

Apple

AMZN (18.1%)

Amazon.com

Higher FCF/Rev LTM (Value for CVV: -6.6%)

NVDA (41.3%)

NVIDIA

MSFT (26.6%)

Microsoft

AAPL (23.5%)

Apple

GOOGL (19.1%)

Alphabet

AMZN (2.0%)

Amazon.com

Higher Total Yield (Value for CVV: -0.9%)

MSFT (3.6%)

Microsoft

GOOGL (3.5%)

Alphabet

AMZN (2.9%)

Amazon.com

AAPL (2.8%)

Apple

NVDA (2.2%)

NVIDIA

		Best Bets In Industrials Sector
	CVV	GATX	VRSK	PAYX	ADT	AGX	PCTY	TDG	FTV	VRRM	CSW
What You Pay
P/E	-112.7	19.9	33.4	25.7	10.4	37.5	37.9	36.7	30.6	70.3	35.9
P/EBIT	-153.3	9.6	22.8	17.7	5.2	37.6	27.2	18.1	14.9	20.8	27.7
What You Get
Rev Chg Q	-9.6%	8.4%	5.9%	18.3%	4.4%	-2.3%	12.5%	11.5%	2.3%	16.1%	21.5%
Rev Chg LTM	19.8%	10.7%	7.3%	12.4%	6.3%	13.5%	13.3%	11.2%	27.9%	8.5%	14.9%
Rev Chg 3Y Avg	7.8%	10.3%	13.4%	7.9%	3.4%	26.9%	21.4%	17.7%	9.4%	9.1%	11.3%
FCF/Rev 3Y Avg	-5.6%	39.2%	33.2%	32.6%	24.7%	24.5%	21.5%	21.0%	20.1%	19.0%	18.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 16%, alpha of 4.2%, and sharpe of 0.76

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	CVD Equipment Earnings Notes
2	With CVD Equipment Stock Sliding, Have You Assessed The Risk?	Return

	Title
0	ARTICLES

Trade Ideas

Select ideas related to CVV. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CNM_11212025_Dip_Buyer_FCFYield	11212025	CNM	Core & Main	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	18.3%	18.3%	-1.6%
VRRM_11212025_Dip_Buyer_FCFYield	11212025	VRRM	Verra Mobility	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	5.5%	5.5%	-1.2%
LII_11212025_Dip_Buyer_ValueBuy	11212025	LII	Lennox International	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	7.1%	7.1%	0.0%
ADP_11212025_Monopoly_xInd_xCD_Getting_Cheaper	11212025	ADP	Automatic Data Processing	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	2.9%	2.9%	-1.2%
CW_11212025_Quality_Momentum_RoomToRun_10%	11212025	CW	Curtiss-Wright	Quality	Q \| Momentum \| UpsideQuality Stocks with Momentum and Upside Buying quality stocks with strong momentum but still having room to run	5.7%	5.7%	-0.4%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ZETA	Zeta Global	4.6	8.3%	15.1%
SGML	Sigma Lithium	1.6	7.3%	29.2%
USAS	Americas Gold And Silver	1.6	6.6%	557.6%
CPNG	Coupang	44.2	6.4%	10.4%
LION	Lionsgate Studios	2.7	4.6%	-69.9%
BBW	Build-A-Bear Workshop	0.8	4.4%	37.8%
XRAY	Dentsply Sirona	2.3	4.2%	-36.3%
BLMN	Bloomin Brands	0.6	3.8%	-41.2%
FUN	Six Flags Entertainment	1.5	3.8%	-69.1%
SVM	Silvercorp Metals	1.9	3.6%	198.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
FLY	Firefly Aerospace	3.3	-13.7%	-61.3%
TMC	TMC The Metals	2.5	-10.5%	508.9%
ORGO	Organogenesis	0.7	-10.1%	64.8%
AAOI	Applied Optoelectronics	2.4	-9.3%	0.8%
BKSY	BlackSky Technology	0.7	-9.0%	79.0%
LUNR	Intuitive Machines	1.8	-8.7%	-16.0%
RCAT	Red Cat	0.8	-8.7%	-35.4%
RGTI	Rigetti Computing	6.7	-8.7%	46.7%
RDW	Redwire	1.0	-8.6%	-56.6%
RKLB	Rocket Lab	36.4	-8.5%	177.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	71.5%	59.0%
RZLT	Rezolute	0.3	44.3%	-45.5%
DVAX	Dynavax Technologies	1.8	41.5%	20.4%
LUNR	Intuitive Machines	1.8	40.6%	-16.0%
UAMY	United States Antimony	0.7	39.0%	252.5%
FOLD	Amicus Therapeutics	4.4	30.9%	51.3%
ADEA	Adeia	1.9	30.3%	23.0%
HUT	Hut 8	5.2	28.6%	142.3%
AAOI	Applied Optoelectronics	2.4	27.1%	0.8%
SGML	Sigma Lithium	1.6	24.9%	29.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TPL	Texas Pacific Land	6.6	-67.9%	-21.5%
LW	Lamb Weston	5.9	-29.0%	-35.3%
TLRY	Tilray Brands	10.2	-22.2%	-27.8%
TDUP	ThredUp	0.8	-18.2%	348.2%
LAB	Standard BioTools	0.5	-16.9%	-21.1%
OLMA	Olema Pharmaceuticals	2.2	-14.9%	349.9%
EVEX	Eve	1.4	-12.0%	-21.9%
IRON	Disc Medicine	2.8	-11.2%	26.7%
AVO	Mission Produce	0.8	-11.1%	-18.8%
CABO	Cable One	0.7	-10.6%	-67.4%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
TLRY	Tilray Brands	10.2	876.4%	-27.8%
HPP	Hudson Pacific Properties	4.7	452.7%	-51.0%
WVE	WAVE Life Sciences	2.9	139.2%	43.7%
TE	T1 Energy	1.1	106.7%	400.0%
VERA	Vera Therapeutics	3.4	82.1%	26.7%
OMER	Omeros	0.9	66.2%	59.0%
RKLB	Rocket Lab	36.4	65.8%	177.4%
PL	Planet Labs PBC	5.9	65.0%	379.2%
AAOI	Applied Optoelectronics	2.4	63.5%	0.8%
LUNR	Intuitive Machines	1.8	62.4%	-16.0%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-45.5%
JANX	Janux Therapeutics	0.9	-59.0%	-73.4%
FRMI	Fermi	5.3	-46.0%	-76.6%
LENZ	LENZ Therapeutics	0.5	-43.5%	-41.6%
GOGO	Gogo	0.6	-35.3%	-43.0%
HPK	HighPeak Energy	0.5	-33.9%	-70.4%
PACB	Pacific Biosciences of California	0.5	-32.7%	-3.3%
LDI	loanDepot	0.4	-29.6%	3.9%
ORIC	ORIC Pharmaceuticals	0.6	-29.0%	2.2%
LW	Lamb Weston	5.9	-28.6%	-35.3%

Peer Comparisons for CVD Equipment

Peers to compare with:

Financials

	CVV	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	CVD Equi.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Price	3.03	23.26	24.49	305.09	78.16	273.40	51.32
Mkt Cap	0.0	21.9	32.6	284.9	309.2	4,074.4	158.8
Rev LTM	28	55,295	34,296	65,402	57,696	408,625	56,496
Op Inc LTM	-1	3,624	1,644	11,544	12,991	130,214	7,584
FCF LTM	-2	2,800	627	11,854	12,733	96,184	7,327
FCF 3Y Avg	-1	2,978	1,400	11,753	13,879	100,503	7,366
CFO LTM	-2	3,697	2,919	13,483	13,744	108,565	8,590
CFO 3Y Avg	-1	3,672	3,896	13,498	14,736	111,559	8,697

Growth & Margins

	CVV	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	CVD Equi.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Rev Chg LTM	19.8%	3.2%	13.8%	4.5%	8.9%	6.0%	7.4%
Rev Chg 3Y Avg	7.8%	-3.9%	6.5%	2.6%	3.7%	1.8%	3.2%
Rev Chg Q	-9.6%	4.2%	14.4%	9.1%	7.5%	9.6%	8.3%
QoQ Delta Rev Chg LTM	-2.7%	1.1%	3.7%	2.1%	1.8%	2.1%	2.0%
Op Mgn LTM	-2.2%	6.6%	4.8%	17.7%	22.5%	31.9%	12.1%
Op Mgn 3Y Avg	-11.5%	7.4%	7.2%	16.4%	24.2%	30.8%	11.9%
QoQ Delta Op Mgn LTM	2.9%	-0.2%	-1.4%	0.6%	0.4%	0.1%	0.2%
CFO/Rev LTM	-6.5%	6.7%	8.5%	20.6%	23.8%	26.6%	14.6%
CFO/Rev 3Y Avg	-4.6%	6.8%	12.7%	21.4%	26.1%	28.4%	17.1%
FCF/Rev LTM	-6.6%	5.1%	1.8%	18.1%	22.1%	23.5%	11.6%
FCF/Rev 3Y Avg	-5.6%	5.5%	4.6%	18.6%	24.6%	25.6%	12.1%

Valuation

	CVV	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	CVD Equi.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
Mkt Cap	0.0	21.9	32.6	284.9	309.2	4,074.4	158.8
P/S	0.7	0.4	1.0	4.4	5.4	10.0	2.7
P/EBIT	-153.3	6.8	19.9	25.1	22.5	31.3	21.2
P/E	-112.7	8.6	572.7	36.0	29.9	41.0	33.0
P/CFO	-11.4	5.9	11.2	21.1	22.5	37.5	16.2
Total Yield	-0.9%	14.1%	2.3%	5.0%	5.4%	2.8%	3.9%
Dividend Yield	0.0%	2.5%	2.1%	2.2%	2.1%	0.4%	2.1%
FCF Yield 3Y Avg	-7.3%	10.6%	5.5%	6.4%	6.0%	3.1%	5.7%
D/E	0.0	0.5	0.7	0.2	0.1	0.0	0.2
Net D/E	-0.4	0.3	0.6	0.2	0.0	0.0	0.1

Returns

	CVV	HPQ	HPE	IBM	CSCO	AAPL	Median
Name	CVD Equi.	HP	Hewlett .	Internat.	Cisco Sy.	Apple
1M Rtn	-8.5%	-1.8%	14.4%	0.6%	2.7%	-1.5%	-0.4%
3M Rtn	-7.1%	-11.9%	2.7%	7.9%	17.0%	7.1%	4.9%
6M Rtn	5.9%	-4.0%	34.5%	6.6%	15.2%	36.3%	10.9%
12M Rtn	-25.4%	-27.0%	16.2%	40.5%	34.5%	7.5%	11.8%
3Y Rtn	-45.1%	-1.9%	71.1%	143.1%	81.3%	120.2%	76.2%
1M Excs Rtn	-10.3%	-5.6%	12.9%	-2.2%	-0.0%	-3.7%	-3.0%
3M Excs Rtn	-11.4%	-16.2%	-1.7%	3.6%	12.7%	2.8%	0.6%
6M Excs Rtn	-6.3%	-16.3%	22.3%	-5.7%	3.0%	24.0%	-1.3%
12M Excs Rtn	-36.7%	-42.9%	-0.7%	25.0%	19.9%	-8.4%	-4.6%
3Y Excs Rtn	-125.1%	-83.5%	-11.2%	59.6%	-1.2%	28.4%	-6.2%

FDIC Bank Data

Bank Capital

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Bank Deposits

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Bank Assets

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Bank Loans

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FDA Approved Drugs Data

Expand for Morenull

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	11/10/2025	3/19/2025	3/28/2024	3/27/2023	3/31/2022	3/31/2021	3/30/2020
Key Financials
Total Revenue	28	27	24	26	16	17	20
EBITDA	1	-1	-3	1	6	-6	-3
Operating Income	-1	-3	-5	-2	-5	-4	-5
Net Income	-0	-2	-4	-0	5	-6	-6
EPS	-0.02	-0.28	-0.62	-0.03	0.71	-0.91	-0.96
Growth Rates
Total Revenue Growth	19.8%	11.5%	-6.6%	56.9%	-2.8%	-13.9%	-19.3%
EBITDA Growth	116.4%	65.3%	-615.9%	-88.7%	200.2%	-70.3%	14.3%
Operating Income Growth	88.8%	32.0%	-152.8%	60.9%	-10.4%	15.2%	5.1%
Net Income Growth	95.7%	54.6%	-1766.1%	-104.7%	178.1%	4.0%	-21.7%
Margins
EBITDA Margin	2.1%	-4.4%	-14.0%	2.5%	35.1%	-34.1%	-17.2%
Operating Income Margin	-2.2%	-11.7%	-19.1%	-7.1%	-28.4%	-25.0%	-25.4%
Net Income Margin	-0.7%	-7.1%	-17.3%	-0.9%	28.9%	-35.9%	-32.2%
Cash & Debt
Total Cash	8	13	14	14	17	8	9
Total Debt	0	0	0	0	2	14	12
Net Debt / (Cash)	-8	-12	-14	-14	-15	6	3
Cash Flows
Net Cash from Operations	-2	-1	-0	0	-4	-1	1
Free Cash from Operations	-2	-2	-1	-1	-5	-3	-2
Returns to Shareholders
Dividends	0	-0	-0	-0	-0	-0	-0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	11/10/2025	8/12/2025	5/13/2025	3/19/2025	11/13/2024	8/13/2024	5/13/2024	3/28/2024	11/14/2023	8/14/2023	5/15/2023	3/27/2023
Key Financials Quarterly
Total Revenue	7	5	8	7	8	6	5	4	6	5	9	7
Ebitda	1	-1	1	0	0	-1	-1	-2	-1	-1	0	2
Operating Income	0	-1	0	-0	-1	-1	-2	-2	-1	-1	-0	-0
Net Income	0	-1	0	0	0	-1	-1	-2	-1	-1	-0	2
EPS	0.06	-0.15	0.05	0.02	0.03	-0.11	-0.22	-0.34	-0.11	-0.16	-0.01	0.23
Key Financials TTM
Total Revenue TTM	28	29	30	27	24	22	20	24	27	29	30	26
Ebitda TTM	1	0	1	-1	-4	-5	-5	-3	1	1	2	1
Operating Income TTM	-1	-1	-1	-3	-6	-6	-6	-5	-2	-1	-1	-2
Net Income TTM	-0	-0	-0	-2	-4	-5	-6	-4	-0	0	1	-0
Growth Rates Quarterly
Total Revenue Growth	-9.6%	-19.4%	69.0%	80.3%	31.4%	25.2%	-43.4%	-43.2%	-23.2%	-12.7%	86.7%	53.4%
EBITDA Growth	44.0%	-47.4%	143.0%	117.8%	164.3%	30.8%	-1079.9%	-208.7%	-398.5%	-26.8%	118.2%	284.0%
Operating Income Growth	156.2%	-26.9%	116.6%	97.7%	44.6%	6.4%	-767.9%	-1018.1%	-911.5%	-28.4%	80.7%	78.7%
Net Income Growth	89.2%	-39.4%	124.5%	105.8%	127.0%	31.6%	-3580.0%	-246.8%	-1295.2%	-32.7%	96.0%	230.0%
Margins Quarterly
EBITDA Margin	7.4%	-17.4%	6.8%	4.9%	4.7%	-9.5%	-26.7%	-49.8%	-9.5%	-17.2%	1.5%	26.0%
Operating Income Margin	4.2%	-22.3%	3.2%	-0.8%	-6.7%	-14.2%	-33.0%	-60.1%	-15.9%	-18.9%	-2.2%	-3.1%
Net Income Margin	5.2%	-20.8%	4.3%	1.8%	2.5%	-12.0%	-29.9%	-55.3%	-12.1%	-22.0%	-0.5%	21.4%
Cash & Debt
Total Cash	8	7	10	13	10	10	12	14	14	13	11	14
Total Debt	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt / (Cash)	-8	-7	-10	-12	-10	-10	-12	-14	-14	-13	-11	-14
Cash Flows Quarterly
FCF from Operations	1	-3	-2	2	0	-2	-2	-0	1	2	-3	3
Cash Flows TTM
FCF from Operations TTM	-2	-3	-2	-1	-4	-3	1	-0	2	2	-2	0
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	5.5%	-19.4%	5.1%	-1.1%	-10.8%	-18.3%	-37.2%	-64.8%	-27.2%	-24.6%	-4.3%	-6.4%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-2.8%	-6.3%	-6.1%	-17.9%	-27.8%	-30.4%	-34.5%	-30.4%	-16.2%	-7.7%	-5.9%	-13.1%

Segment Financials

Revenue by Segment

$ Mil	2024	2023
Chemical Vapor Deposition (CVD)	16	17
Stainless Design Concepts (SDC)	7	7
MesoScribe	1
Other - Tantaline	0
Intersegment revenue	-1	-1
Chemical Vapor Deposition (CVD) Materials		3
Corporate		0
Total	24	26

Net Income by Segment

$ Mil	2024	2023
Stainless Design Concepts (SDC)	2
MesoScribe	0
Chemical Vapor Deposition (CVD)	-3
Total	-1

Assets by Segment

$ Mil	2024	2023
Chemical Vapor Deposition (CVD)	19	32
Cash equivalents	12
Stainless Design Concepts (SDC)	3	4
MesoScribe	0
Other current assets	0
Chemical Vapor Deposition (CVD) Materials		2
Corporate		0
Intersegment revenue		0
Total	35	38

Price Behavior

Price Behavior

Market Price	$3.03
Market Cap ($ Bil)	0.0
First Trading Date	03/01/1999
Distance from 52W High	-35.3%
	50 Days	200 Days
DMA Price	$3.49	$3.22
DMA Trend	indeterminate	indeterminate
Distance from DMA	-13.3%	-5.9%
	3M	1YR
Volatility	84.3%	71.1%
Downside Capture	307.29	78.66
Upside Capture	212.23	37.03
Correlation (SPY)	44.6%	20.7%

CVV Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.06	3.48	3.11	1.84	0.77	0.72
Up Beta	2.23	8.09	6.54	2.63	0.71	0.81
Down Beta	2.67	0.83	1.61	2.52	1.25	0.88
Up Capture	-93%	343%	344%	116%	36%	15%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	6	13	27	52	109	340
Down Capture	147%	300%	239%	134%	62%	89%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	12	27	34	69	134	397

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of CVV With Other Asset Classes (Last 1Y)
	CVV	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-19.4%	19.3%	17.8%	72.1%	8.6%	4.4%	-8.2%
Annualized Volatility	70.9%	18.8%	19.4%	19.3%	15.2%	17.0%	35.0%
Sharpe Ratio	-0.02	0.80	0.72	2.70	0.34	0.09	-0.08
Correlation With Other Assets		19.4%	21.1%	8.3%	13.3%	11.0%	5.5%

ETFs used for asset classes: Sector ETF = XLI, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of CVV With Other Asset Classes (Last 5Y)
	CVV	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-7.8%	13.8%	14.7%	18.7%	11.5%	4.6%	30.8%
Annualized Volatility	71.1%	17.2%	17.1%	15.5%	18.7%	18.9%	48.6%
Sharpe Ratio	0.19	0.65	0.70	0.97	0.50	0.16	0.57
Correlation With Other Assets		17.6%	20.1%	6.7%	4.9%	12.9%	12.8%

Based On 10-Year Data

		Comparison of CVV With Other Asset Classes (Last 10Y)
	CVV	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-11.5%	13.5%	14.8%	15.3%	7.0%	5.3%	69.2%
Annualized Volatility	69.0%	19.9%	18.0%	14.7%	17.6%	20.8%	55.8%
Sharpe Ratio	0.10	0.60	0.71	0.86	0.32	0.22	0.90
Correlation With Other Assets		19.6%	20.6%	5.3%	7.9%	14.3%	5.6%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	10,076
Short Interest: % Change Since 11302025	-28.9%
Average Daily Volume	17,016
Days-to-Cover Short Interest	1
Basic Shares Quantity	6,881,989
Short % of Basic Shares	0.1%

Returns Analyses

	Title
0	With CVD Equipment Stock Sliding, Have You Assessed The Risk?

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
11/10/2025	-6.4%	-0.3%	-4.9%
8/12/2025	-7.3%	-2.5%	-5.7%
3/19/2025	0.3%	-2.2%	-2.5%
11/13/2024	15.5%	12.3%	53.8%
8/13/2024	-3.1%	-1.1%	-13.9%
3/28/2024	4.5%	27.2%	-5.1%
11/14/2023	-0.7%	-14.4%	-13.8%
8/14/2023	-1.7%	3.2%	6.5%
...
SUMMARY STATS
# Positive	7	6	5
# Negative	8	9	10
Median Positive	3.4%	9.4%	7.8%
Median Negative	-5.6%	-2.5%	-7.4%
Max Positive	15.5%	27.2%	53.8%
Max Negative	-10.6%	-18.7%	-29.1%

	Forward Returns
11/10/2025	-6.4%	-0.3%	-4.9%
8/12/2025	-7.3%	-2.5%	-5.7%
3/19/2025	0.3%	-2.2%	-2.5%
11/13/2024	15.5%	12.3%	53.8%
8/13/2024	-3.1%	-1.1%	-13.9%
3/28/2024	4.5%	27.2%	-5.1%
11/14/2023	-0.7%	-14.4%	-13.8%
8/14/2023	-1.7%	3.2%	6.5%
4/10/2023	3.4%	-1.0%	7.2%
11/14/2022	-6.8%	-17.3%	-9.2%
7/14/2022	7.3%	12.1%	46.5%
3/31/2022	1.8%	6.7%	-2.7%
11/15/2021	-10.6%	-18.7%	-29.1%
8/16/2021	-4.7%	-5.5%	-13.7%
3/31/2021	1.8%	2.8%	7.8%
SUMMARY STATS
# Positive	7	6	5
# Negative	8	9	10
Median Positive	3.4%	9.4%	7.8%
Median Negative	-5.6%	-2.5%	-7.4%
Max Positive	15.5%	27.2%	53.8%
Max Negative	-10.6%	-18.7%	-29.1%

SEC Filings

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Report Date	Filing Date	Filing
9302025	11102025	10-Q 9/30/2025
6302025	8122025	10-Q 6/30/2025
3312025	5132025	10-Q 3/31/2025
12312024	3192025	10-K 12/31/2024
9302024	11132024	10-Q 9/30/2024
6302024	8132024	10-Q 6/30/2024
3312024	5132024	10-Q 3/31/2024
12312023	3282024	10-K 12/31/2023
9302023	11142023	10-Q 9/30/2023
6302023	8142023	10-Q 6/30/2023
3312023	5152023	10-Q 3/31/2023
12312022	3272023	10-K 12/31/2022
9302022	11142022	10-Q 9/30/2022
6302022	8152022	10-Q 6/30/2022
3312022	5162022	10-Q 3/31/2022
12312021	3312022	10-K 12/31/2021

Insider Activity

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External Quote Links

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5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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CVD Equipment (CVV)

Market Price (12/28/2025): $3.0 | Market Cap: $20.6 MilSector: Industrials | Industry: Industrial Machinery & Supplies & Components

CVD Equipment (CVV)

Market Price (12/28/2025): $3.0Market Cap: $20.6 MilSector: IndustrialsIndustry: Industrial Machinery & Supplies & Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

CVV Stock

Why The Stock Moved

Qualitative Assessment

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About CVD Equipment (CVV)

Interactive Breakdown

Better Bets than CVD Equipment (CVV)

INDUSTRY: Industrial Machinery & Supplies & Components

Higher Rev Chg 3Y Avg | Lower P/S (Values for CVV: 7.8% | 0.7x)

Higher Rev Chg LTM (Value for CVV: 19.8%)

Higher Rev Chg 3Y Avg (Value for CVV: 7.8%)

Higher Op Mgn LTM (Value for CVV: -2.2%)

Higher CFO/Rev LTM (Value for CVV: -6.5%)

Higher FCF/Rev LTM (Value for CVV: -6.6%)

Higher Total Yield (Value for CVV: -0.9%)

SECTOR: Industrials

Higher Rev Chg 3Y Avg | Lower P/S (Values for CVV: 7.8% | 0.7x)

Higher Rev Chg LTM (Value for CVV: 19.8%)

Higher Rev Chg 3Y Avg (Value for CVV: 7.8%)

Higher Op Mgn LTM (Value for CVV: -2.2%)

Higher CFO/Rev LTM (Value for CVV: -6.5%)

Higher FCF/Rev LTM (Value for CVV: -6.6%)

Higher Total Yield (Value for CVV: -0.9%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for CVV: 7.8% | 0.7x)

Higher Rev Chg LTM (Value for CVV: 19.8%)

Higher Rev Chg 3Y Avg (Value for CVV: 7.8%)

Higher Op Mgn LTM (Value for CVV: -2.2%)

Higher CFO/Rev LTM (Value for CVV: -6.5%)

Higher FCF/Rev LTM (Value for CVV: -6.6%)

Higher Total Yield (Value for CVV: -0.9%)

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Based On 1-Year Data

Market Price (12/28/2025): $3.0 | Market Cap: $20.6 Mil
Sector: Industrials | Industry: Industrial Machinery & Supplies & Components

Market Price (12/28/2025): $3.0
Market Cap: $20.6 Mil
Sector: Industrials
Industry: Industrial Machinery & Supplies & Components