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Commercial Vehicle Group (CVGI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 2, 2026 · Commercial Vehicle Group (CVGI) Q3 2026 earnings results →
Q3 2026 Revenue up 36% year over year to $208M · 3¢ of every $1 of revenue kept as net profit · operating margin 3.7%
Commercial Vehicle Group made $208M in Q3 2026 (+36% Y/Y): Seats $80.6M, Electrical wire harnesses, panels and assemblies $67.9M, Plastic & Trim components $47.4M. Operating margin 3.7%, net earnings $5.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 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 $208.1M in Q3 2026, up 36% year over year and up 7% from the previous quarter. Seats was the largest line at 39% of revenue. Plastic & Trim components added $21.2M year over year (up 80%), 38% of the total change.
Gross margin was 13.5%, up 3.0 points from Q3 2025. Operating profit was $7.7M, a 3.7% margin (up 4.4 points year over year). Operating expenses grew 20% against revenue growth of 36%. Net earnings were $5.6M. The effective tax rate was 23.7%.
Operating cash flow was $1.6M, 28% of net earnings. Non-cash charges added back $3.6M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items used $10.6M. After purchases of property, plant and equipment, net ($1.0M), free cash flow as the company reports it was $600K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 2, 2026 | $208M | +36% | 3.7% | $5.6M | $1.6M |
| Q2 2026 | 10-Q | Aug 3, 2026 | $195M | +14% | 0.8% | −$10.2M | $1.7M |
| Q1 2026 | 10-Q | May 5, 2026 | $171M | +1% | 8.6% | $902K | −$1.6M |
| Q4 2025 | 10-K | Mar 10, 2026 | $155M | -5% | -1.2% | −$6.6M | $12.3M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $152M | -11% | -0.7% | −$7.1M | −$1.7M |
| Q2 2025 | 10-Q | Aug 4, 2025 | $172M | -11% | 0.5% | −$4.8M | $18.9M |
| Q1 2025 | 10-Q | May 6, 2025 | $170M | -13% | 0.8% | −$4.3M | $15.2M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Commercial Vehicle Group
Commercial Vehicle Group, Inc. and its subsidiaries, is a global provider of systems, assemblies and components to global commercial vehicle markets and electric vehicle markets. We deliver real solutions to complex design, engineering and manufacturing problems while creating positive change for our customers, industries, and communities we serve. References herein to the "Company", "CVG", "we", "our", or "us" refer to Commercial Vehicle Group, Inc. and its subsidiaries. We have manufacturing operations in the United States, Mexico, China, United Kingdom, Czech Republic, Ukraine, Morocco, Thailand, India and Australia. Our products are primarily sold in North America, Europe, and the Asia-Pacific region.
In its own words, from its 10-K, filed Mar 10, 2026.
Commercial Vehicle Group against its Motor Vehicle Parts & Accessories peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +36% against the peers' median +2%. Operating margin: 3.7% against the peers' median 4.5%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| CVGI Commercial Vehicle Group | Q3 2026 | $208M | +36% | 3.7% |
| LEA Lear | Q3 2026 | $5.8B | +2% | 3.4% |
| ADNT Adient | Q4 FY26 | $3.7B | +1% | -0.1% |
| BWA Borgwarner | Q3 2026 | $3.5B | -3% | 8.7% |
| APTV Aptiv | Q3 2026 | $3.2B | +2% | 8.8% |
| DCH Dauch | Q3 2026 | $2.9B | +93% | 2.5% |
| ALV Autoliv | Q3 2026 | $2.7B | -0.5% | 9.4% |
| VGNT Versigent | Q3 2026 | $2.5B | +7% | 7.6% |
| DAN Dana | Q3 2026 | $2.0B | +6% | 4.5% |
Source: Commercial Vehicle Group 10-Q on SEC EDGAR · CIK 1290900 · Motor Vehicle Parts & Accessories
13F: who owns CVGI and who is buying
More on CVGI
- How Commercial Vehicle Group makes money: revenue by segment
- Commercial Vehicle Group next earnings date and what analysts expect
- Commercial Vehicle Group stock forecast, price target and fair value
- Who owns Commercial Vehicle Group stock: holders, funds and Congress trades
- Commercial Vehicle Group guidance and outlook
- Commercial Vehicle Group recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
- Commercial Vehicle Group free cash flow by quarter
- Commercial Vehicle Group capital expenditures by quarter
- Commercial Vehicle Group Seats revenue by quarter
- Commercial Vehicle Group Electrical wire harnesses, panels and assemblies revenue by quarter
- Commercial Vehicle Group Plastic & Trim components revenue by quarter