Filing Flows › Industrials › Capstone Holding (CAPS)
Capstone Holding (CAPS) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 12, 2026 · Capstone Holding (CAPS) Q2 2026 earnings results →
Q2 2026 Revenue up 67% year over year to $21.5M · 6¢ of every $1 of revenue lost · operating margin 2.0%
Capstone Holding made $21.5M in Q2 2026 (+67% Y/Y). Operating margin 2.0%, net loss $1.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 12, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $21.5M in Q2 2026, up 67% year over year and up 70% from the previous quarter.
Gross margin was 27.9%, up 3.6 points from Q2 2025. Operating profit was $432K, a 2.0% margin (up 4.0 points year over year). Operating expenses grew 64% against revenue growth of 67%. The quarter ended with a net loss of $1.4M, narrower than the previous quarter's $1.9M loss. Net interest and other expense of $1.8M was the main reason.
Operating cash flow was −$390K. Non-cash charges added back $163K of depreciation and amortization. Working capital and other items added $827K. Capital expenditures of $64K exceeded it, leaving free cash flow of −$454K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 12, 2026 | $21.5M | +67% | 2.0% | −$1.4M | −$390K |
| Q1 2026 | 10-Q | May 20, 2026 | $12.6M | +60% | -11.8% | −$1.9M | −$2.8M |
| Q4 2025 | 10-K | Apr 16, 2026 | $12.5M | +21% | -68.4% | −$16.8M | −$420K |
| Q3 2025 | 10-Q | Nov 18, 2025 | $13.7M | +11% | -5.6% | −$2.0M | $0 |
| Q2 2025 | 10-Q | Aug 15, 2025 | $12.9M | -0.3% | -2.0% | −$700K | −$1.7M |
| Q1 2025 | 10-Q | May 15, 2025 | $7.9M | -16% | -18.1% | −$1.7M | −$2.3M |
| Q4 2024 | 10-K | Mar 31, 2025 | $10.3M | — | -3.4% | −$1.1M | $2.7M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About Capstone Holding
Capstone Holding Corp. is a building products distribution network. The existing network is comprised of Instone, a leading distributor of thin veneer stone and related masonry products in the United States, serving both residential and commercial construction markets. Founded over 30 years ago, we have grown to become the largest wholesale distributor in the thin veneer masonry products industry. Our comprehensive product offering includes a wide range of manufactured and natural stone products, supported by a strategically located distribution network designed to provide reliable and efficient service to our diverse customer base.
In its own words, from its annual report, filed Mar 31, 2025.
Capstone Holding against its Wholesale-Lumber & Other Construction Materials peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +67% against the peers' median +67%. Operating margin: 2.0% against the peers' median -1.3%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CAPS Capstone Holding | Q2 2026 | $21.5M | +67% | 2.0% |
| QXO QXO | Q2 2026 | $3.2B | +70% | -1.3% |
| BCC Boise Cascade | Q3 2026 | $1.8B | +8% | 3.1% |
| ASPN Aspen Aerogels | Q3 2026 | $85.2M | +17% | -8.4% |
| OLOX Olenox Industries | Q2 2026 | $2.1M | +194% | -138.7% |
Source: Capstone Holding 10-Q on SEC EDGAR · CIK 887151 · Wholesale-Lumber & Other Construction Materials
13F: who owns CAPS and who is buying
More on CAPS
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results