Covista (CVSA) financial statements
Covista reported revenue of $2.0B in fiscal 2026, up 32.8% a year over 9 years.
Net income was $252M and the operating margin 19.6%, against -607.3% in 2017.
Free cash flow was $393M, and the company returned $240M in net buybacks.
The diluted share count fell 44% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Covista's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $152M | $160M | $1.0B | $866M | $899M | $1.4B | $1.5B | $1.6B | $1.8B | $2.0B |
| Cost of revenue | $638M | $462M | $472M | $457M | $458M | $660M | $648M | $699M | $771M | $834M |
| Gross profit | -$487M | -$301M | $542M | $409M | $441M | $722M | $802M | $886M | $1.0B | $1.1B |
| Selling, general and admin | $369M | $328M | $359M | $280M | $292M | $566M | $586M | $633M | $672M | $731M |
| Operating income | -$921M | -$633M | $156M | $110M | $110M | $77M | $168M | $217M | $342M | $383M |
| Interest expense | $9M | $12M | $20M | $20M | $41M | $129M | $63M | $64M | $52M | $45M |
| Pre-tax income | $131M | $156M | $140M | $205M | $76M | -$51M | $112M | $164M | $299M | $345M |
| Income tax | $10M | $88M | $33M | -$15M | $12M | -$16M | $10M | $26M | $66M | $78M |
| Net income | $122M | $34M | $95M | -$85M | $70M | $311M | $93M | $137M | $237M | $252M |
| EPS (diluted) | $1.91 | $0.54 | $1.60 | -$1.58 | $1.36 | $6.43 | $2.05 | $3.39 | $6.18 | $7.04 |
| Diluted shares | 64M | 62M | 59M | 54M | 52M | 48M | 46M | 40M | 38M | 36M |
| Gross margin | -321.0% | -187.6% | 53.5% | 47.2% | 49.1% | 52.3% | 55.3% | 55.9% | 56.9% | 57.3% |
| Operating margin | -607.3% | -394.2% | 15.4% | 12.7% | 12.3% | 5.6% | 11.6% | 13.7% | 19.1% | 19.6% |
| Net margin | 80.7% | 21.0% | 9.4% | -9.8% | 7.8% | 22.5% | 6.4% | 8.6% | 13.3% | 12.9% |
Balance sheet
Fiscal years, from Covista's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $244M | $435M | $213M | $509M | $476M | $347M | $272M | $219M | $200M | $406M |
| Receivables | $149M | $147M | $84M | $87M | $41M | $79M | $100M | $124M | $143M | $167M |
| Total current assets | $471M | $688M | $505M | $693M | $1.5B | $557M | $480M | $418M | $416M | $652M |
| Property, plant and equipment | $489M | $389M | $283M | $286M | $284M | $290M | $245M | $249M | $256M | $303M |
| Goodwill | $829M | $814M | $687M | $686M | $310M | $961M | $961M | $961M | $961M | $961M |
| Total assets | $2.3B | $2.3B | $2.2B | $2.3B | $3.1B | $3.0B | $2.8B | $2.7B | $2.8B | $3.0B |
| Total current liabilities | $377M | $366M | $312M | $346M | $409M | $424M | $431M | $488M | $508M | $597M |
| Long-term debt | $125M | $290M | $398M | $286M | $1.1B | $839M | $695M | $649M | $553M | $658M |
| Total liabilities | $640M | $817M | $842M | $915M | $1.8B | $1.5B | $1.4B | $1.4B | $1.3B | $1.6B |
| Shareholders' equity | $1.7B | $1.5B | $1.4B | $1.3B | $1.3B | $1.5B | $1.5B | $1.4B | $1.4B | $1.4B |
| Net debt | -$115M | -$138M | $197M | -$211M | $594M | $492M | $423M | $429M | $353M | $257M |
Cash flow
Fiscal years, from Covista's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $231M | $239M | $205M | $108M | $192M | $11M | $192M | $296M | $338M | $470M |
| Capital spending | $43M | $47M | $58M | $40M | $40M | $31M | $26M | $49M | $50M | $78M |
| Free cash flow | $188M | $193M | $147M | $68M | $152M | -$20M | $166M | $247M | $288M | $393M |
| Stock-based compensation | $17M | $14M | $13M | $14M | $13M | $23M | $14M | $26M | $42M | $41M |
| Dividends paid | $11M | $0 | $0 | — | — | — | — | — | — | — |
| Share buybacks (net) | -$49M | -$137M | -$253M | -$137M | -$100M | -$120M | -$123M | -$262M | -$213M | -$240M |
| Net borrowing | — | — | $107M | -$113M | $797M | -$230M | -$151M | -$50M | -$100M | $112M |
| Free cash flow margin | 124.3% | 120.0% | 14.5% | 7.9% | 16.9% | -1.5% | 11.4% | 15.6% | 16.1% | 20.1% |
| Dividends per share | $0.18 | — | — | — | — | — | — | — | — | — |
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Open CVSA in InvestinglyQuestions
What was Covista's revenue in 2026?
$2.0B in fiscal 2026, from its 10-K filing.
How much free cash flow does Covista generate?
$393M in fiscal 2026 (operating cash flow minus capital spending).
From Covista's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.