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How Covista (CVSA) makes money

Covista (CVSA) made $512M of revenue in the first quarter fiscal 2027 (Q1 FY27), +11% from a year earlier. Walden brought in $217M (42%); Chamberlain brought in $192M (38%); Medical and Veterinary brought in $102M (20%). Of every dollar of revenue, 19¢ was left as operating profit, 13¢ was left as net earnings.

Drawing the Sankey…

Covista revenue by segment, Q1 FY27Covista revenue by segment, Q1 FY27Walden$217MChamberlain$192MMedical and Veterinary$102M
Covista: revenue by line, Q3 FY25 to Q1 FY27Covista: revenue by line, Q3 FY25 to Q1 FY27WaldenChamberlainMedical and VeterinaryWalden: $217M latest$217MChamberlain: $192M latest$192MMedical and Veterinary: $102M latest$102MQ3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Walden went from 38% of revenue in Q3 FY25 to 42% in Q1 FY27, the largest shift in the mix.
Covista revenue by quarterCovista revenue by quarter$466MQ3 FY25$457MQ4 FY25$462MQ1 FY26$503MQ2 FY26$487MQ3 FY26$501MQ4 FY26$512MQ1 FY27
Covista: where each dollar of revenue goesCovista: where each dollar of revenue goesOperating profit19¢Income tax4¢Net earnings13¢Operating cash flow22¢Free cash flow15¢

Revenue by segment, Q1 FY27

SegmentRevenueShareQ/QY/Y
Walden$217M42.4%+3%+14%
Chamberlain$192M37.6%+1%+7%
Medical and Veterinary$102M20.0%+2%+10%

Where each dollar of revenue goes

LineQ1 FY27% of revenue
Revenue$512M100.0%
Operating profit$98.0M19.2%
Income tax$18.0M3.5%
Net earnings$67.4M13.2%
Operating cash flow$114M22.3%
Free cash flow$76.4M14.9%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q1 FY27$512M+11%
Q4 FY26$501M+10%
Q3 FY26$487M+4%
Q2 FY26$503M+12%
Q1 FY26$462M+11%
Q4 FY25$457M+12%
Q3 FY25$466M+13%

From Covista's 10-Q filed Oct 29, 2026 (on EDGAR).

Questions

How does Covista make money?

Covista (CVSA) made $512M of revenue in the first quarter fiscal 2027 (Q1 FY27), +11% from a year earlier. Walden brought in $217M (42%); Chamberlain brought in $192M (38%); Medical and Veterinary brought in $102M (20%). Of every dollar of revenue, 19¢ was left as operating profit, 13¢ was left as net earnings.

What is Covista's biggest business?

Walden: $217M in the first quarter fiscal 2027, 42% of revenue, +14% from a year earlier.

What is Covista's profit margin?

Net earnings were $67.4M, 13.2% of revenue, in the first quarter fiscal 2027; the operating margin was 19.2%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.