📊 CVSA Key Takeaways
Investment Thesis
Covista demonstrates solid operational profitability with 20.4% operating margins and strong free cash flow generation of $129.6M, supporting its 12.9% revenue growth. However, concerning liquidity metrics (0.68x current ratio) and flat net income growth despite revenue gains raise questions about operational leverage and working capital management in an educational services business.
CVSA Strengths
- Strong free cash flow of $129.6M (13.4% FCF margin) with FCF exceeding net income, indicating high-quality earnings
- Robust operating margins at 20.4% with operating income of $196.6M supporting revenue growth of 12.9% YoY
- Manageable leverage with debt-to-equity of 0.37x and healthy interest coverage of 8.9x
- Solid EPS growth of 82.3% YoY driven by share buybacks despite flat net income
CVSA Risks
- Critically weak liquidity with current ratio of 0.68x (below 1.0x threshold) and only $56.3M cash against $1.2B total liabilities
- Net income growth of 0% despite 12.9% revenue growth indicates margin compression or operational headwinds in the reporting period
- Long-term debt of $504.3M represents 36% of equity; working capital deficiency requires ongoing operational cash flow to service obligations
- Limited insider activity (only 2 Form 4 filings in 90 days) provides minimal sentiment signals
Key Metrics to Watch
- Current ratio trend - must move above 1.0x to eliminate liquidity risk
- Net income growth acceleration - need evidence of operating leverage returning as revenue scales
- Free cash flow sustainability - monitor if FCF margins remain above 13% as business grows
- Days sales outstanding (DSO) - working capital management critical given liquidity constraints
- Operating margin maintenance - watch for compression that would signal pricing or cost pressures
CVSA Financial Metrics
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
CVSA Profitability Ratios
CVSA vs Default Sector
How Covista Inc. compares to Default sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CVSA Balance Sheet & Liquidity
CVSA 5-Year Financial Trend
5-Year Trend Summary: Covista Inc.'s revenue has grown significantly by 61% over the 5-year period, indicating strong business expansion. The most recent EPS of $2.05 reflects profitable operations.
CVSA Growth Metrics (YoY)
CVSA Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $447.7M | $75.9M | $1.98 |
| Q1 2026 | $417.4M | $46.2M | $1.18 |
| Q3 2025 | $412.7M | $36.8M | $0.93 |
| Q2 2025 | $393.2M | $39.9M | $0.98 |
| Q1 2025 | $368.8M | $10.6M | $0.25 |
| Q3 2024 | $369.1M | $36.8M | $0.93 |
| Q2 2024 | $362.8M | $24.7M | $0.53 |
| Q1 2024 | $354.3M | $592.0K | $0.01 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CVSA Capital Allocation
CVSA SEC Filings
Access official SEC EDGAR filings for Covista Inc. (CIK: 0000730464)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CVSA
What is the AI rating for CVSA?
Covista Inc. (CVSA) has an AI rating of HOLD with 62% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CVSA's key strengths?
Strong free cash flow of $129.6M (13.4% FCF margin) with FCF exceeding net income, indicating high-quality earnings. Robust operating margins at 20.4% with operating income of $196.6M supporting revenue growth of 12.9% YoY.
What are the risks of investing in CVSA?
Critically weak liquidity with current ratio of 0.68x (below 1.0x threshold) and only $56.3M cash against $1.2B total liabilities. Net income growth of 0% despite 12.9% revenue growth indicates margin compression or operational headwinds in the reporting period.
What is CVSA's revenue and growth?
Covista Inc. reported revenue of $965.7M.
Does CVSA pay dividends?
Covista Inc. does not currently pay dividends.
Where can I find CVSA SEC filings?
Official SEC filings for Covista Inc. (CIK: 0000730464) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CVSA's EPS?
Covista Inc. has a diluted EPS of $3.77.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.