olivLaw · US equity research
Westport Fuel Systems Inc. WPRT
Engines & Turbines · SIC 3510 · Vertical: Engines & Turbines (SIC 3510)
At the close of 30 Oct 2026, Westport Fuel Systems Inc. (WPRT) stock was 1.90 USD (+0.00% on the day), with market capitalisation 33.0 m USD, beta 1.02, 52-week range 1.54–2.47 USD.
Data as of · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 46.9
- neutral
- Bollinger (20, 2)
- 1.63 – 2.21
- in the lower half of the band · %B 0.47 · band width 30.3%
- SMA 50 / 200
- 1.91 / 1.96
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- 0.03 / 0.03
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −4.0% | −2.0% | −2.0 pp | — |
| 3 months | +7.3% | −2.2% | +9.5 pp | — |
| 6 months | −6.4% | +4.3% | −10.7 pp | — |
| Year to date | +21.0% | +10.6% | +10.5 pp | — |
| 1 year | −4.5% | +10.5% | −15.0 pp | −26.6% |
| 3 years | −62.7% | +73.7% | −136.3 pp | +123.4% |
| 5 years | −94.2% | +61.7% | −156.0 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | ⚠ 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 270.3 m | 305.3 m | 252.5 m | 312.4 m | 305.7 m | 68.2 m | 40.7 m | 23.3 m |
| Revenue YoY | −52.1% | +13.0% | −17.3% | +23.7% | −2.1% | — | −40.3% | −42.7% |
| Net income | -31.5 m | 41.0 k | -7.4 m | 13.7 m | -32.7 m | -49.7 m | -21.8 m | -61.6 m |
| Net income YoY | unavailable | unavailable | −18,048.8% | unavailable | −339.4% | — | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable | -0.05 | 0.08 | -1.91 | -2.90 | -1.26 | -3.56 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | −2,487.5% | — | unavailable | unavailable |
| net % | -11.7% | 0.0% | -2.9% | 4.4% | -10.7% | -72.9% | -53.7% | -264.3% |
| Free cash flow | unavailable | unavailable | -42.3 m | -58.0 m | -48.9 m | -19.7 m | 3.4 m | unavailable |
The series breaks before 2023: earlier years come from the original reports of the issuer of that time, later years from a subsequent filing that restated the perimeter (a separation, discontinued operations). The year-on-year change across the break is not shown.
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 27.2 m USD
- Financial debt
- 2.9 m USD
- Net debt
- -24.2 m USD
- Equity
- 68.8 m USD
- Total assets
- 94.0 m USD
- Debt / equity
- 0.04x
- Current ratio
- 1.93x
- ROE
- -59.9%
- ROA
- -32.0%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 252.5 m | 312.4 m | 305.7 m | 68.2 m | 40.7 m | 23.3 m | SEC (XBRL)· 23 Apr 2026verified |
| Cost of revenue | 213.0 m | 264.3 m | 269.5 m | 67.8 m | 37.9 m | 20.6 m | SEC (XBRL)· 23 Apr 2026verified |
| Gross profit | 39.5 m ≈ | 48.2 m ≈ | 36.2 m ≈ | 360.0 k | 2.8 m | 2.7 m | SEC (XBRL)· 23 Apr 2026verified |
| Research & development | 21.0 m | 25.2 m | 23.5 m | 12.8 m | 9.5 m | 5.8 m | SEC (XBRL)· 23 Apr 2026verified |
| Operating income | -22.0 m | -30.5 m | -50.3 m | -45.6 m | -37.7 m | -14.2 m | SEC (XBRL)· 23 Apr 2026verified |
| Depreciation & amortisation | 14.0 m | 14.0 m | 11.8 m | 5.8 m | 2.2 m | 735.0 k | SEC (XBRL)· 23 Apr 2026verified |
| EBITDA | -8.0 m ≈ | -16.5 m ≈ | -38.5 m ≈ | -39.8 m ≈ | -35.5 m ≈ | -13.5 m ≈ | SEC (XBRL)· 23 Apr 2026derived |
| Interest expense | 8.0 m | 4.9 m | 3.4 m | 3.0 m | 1.1 m | 613.0 k | SEC (XBRL)· 23 Apr 2026verified |
| Pre-tax income | -5.9 m | 5.5 m | -31.3 m | -48.1 m | -30.8 m | -29.4 m | SEC (XBRL)· 23 Apr 2026verified |
| Income tax | 1.4 m | -8.1 m | 1.4 m | 327.0 k | 516.0 k | 143.0 k | SEC (XBRL)· 23 Apr 2026verified |
| Net income | -7.4 m | 13.7 m | -32.7 m | -49.7 m | -21.8 m | -61.6 m | SEC (XBRL)· 23 Apr 2026verified |
| Diluted EPS | -0.05 | 0.08 | -1.91 | -2.90 | -1.26 | -3.56 | SEC (XBRL)· 23 Apr 2026verified |
| Weighted average diluted shares | 137.1 m | 162.1 m | 17.1 m | 17.2 m | 17.2 m | 17.3 m | SEC (XBRL)· 23 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 64.3 m | 124.9 m | 86.2 m | 12.2 m | 14.8 m | 27.2 m | SEC (XBRL)· 23 Apr 2026verified |
| Receivables | 90.5 m | 101.5 m | 101.6 m | 88.1 m | 18.7 m | 10.2 m | SEC (XBRL)· 23 Apr 2026verified |
| Inventories | 51.4 m | 83.1 m | 81.6 m | 67.5 m | 6.7 m | 3.0 m | SEC (XBRL)· 23 Apr 2026verified |
| Current assets | 228.8 m | 338.6 m | 277.2 m | 216.8 m | 169.9 m | 41.6 m | SEC (XBRL)· 23 Apr 2026verified |
| Property, plant & equipment, net | 57.5 m | 64.4 m | 62.6 m | 69.5 m | 3.1 m | 5.6 m | SEC (XBRL)· 23 Apr 2026verified |
| Goodwill | 3.4 m | 3.1 m | 3.0 m | 3.1 m | 2.9 m | — | SEC (XBRL)· 31 Mar 2025verified |
| Intangibles (excl. goodwill) | 11.8 m | 9.3 m | 7.8 m | 6.8 m | 5.3 m | — | SEC (XBRL)· 31 Mar 2025verified |
| Total assets | 346.3 m | 471.3 m | 407.5 m | 355.7 m | 291.6 m | 94.0 m | SEC (XBRL)· 23 Apr 2026verified |
| Accounts payable | 84.6 m | 99.2 m | 98.9 m | 95.4 m | 19.4 m | 17.9 m | SEC (XBRL)· 23 Apr 2026verified |
| Short-term debt | 39.7 m | 13.7 m | 9.1 m | 15.2 m | 0 | 2.9 m | SEC (XBRL)· 23 Apr 2026verified |
| Long-term debt | 101.4 m | — | — | — | — | — | SEC (XBRL)· 15 Mar 2021verified |
| Current liabilities | 147.0 m | 146.4 m | 135.5 m | 134.8 m | 108.4 m | 21.5 m | SEC (XBRL)· 23 Apr 2026verified |
| Total liabilities | 242.2 m | 234.9 m | 203.5 m | 195.3 m | 154.6 m | 25.2 m | SEC (XBRL)· 23 Apr 2026verified |
| Equity | 104.1 m † | 236.4 m † | 204.0 m † | 160.4 m † | 137.0 m † | 68.8 m † | SEC (XBRL)· 23 Apr 2026verified |
| Shares outstanding at year end | 144.1 m | 170.8 m | 171.3 m | 17.2 m | 17.3 m | 17.4 m | SEC (XBRL)· 23 Apr 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -35.1 m | -43.8 m | -34.6 m | -13.2 m | 7.2 m | — | SEC (XBRL)· 31 Mar 2025verified |
| Capex | 7.1 m | 14.2 m | 14.2 m | 6.5 m | 3.8 m | 2.7 m | SEC (XBRL)· 23 Apr 2026verified |
| Free cash flow | -42.3 m ≈ | -58.0 m ≈ | -48.9 m ≈ | -19.7 m ≈ | 3.4 m ≈ | — | SEC (XBRL)· 31 Mar 2025derived |
| Investing cash flow | 13.8 m | 2.3 m | 17.6 m | -15.4 m | 4.5 m | — | SEC (XBRL)· 31 Mar 2025verified |
| Financing cash flow | 39.7 m | 104.7 m | -19.4 m | -2.2 m | -25.2 m | — | SEC (XBRL)· 31 Mar 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
Risk
Valuation
olivLaw classification
- score weight coverage: 43.8% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
30 Oct 2026Source: olivLaw, closing series
Market cap: 33.0 m USD
Key indicators
Coverage and freshness
Score by group
44% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 4.56 – 6.29 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)4.56 – 6.29 (Mid 5.23)WACC 9.0% · starting FCFF 5.0 m USD · terminal value share of EV 73%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: no growth between −30% and +40% justifies the price
- Peers: EV/EBITDAunavailable · the base of the ratio is not positive
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 43.8% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | -14.3% | 0 (vs peers) | 24% |
| Net margin · Quality | -264.3% | 0 (vs peers) | 14% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -57.6% | 0 (on a fixed band) | 19% |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -23.2x | 0 (on a fixed band) | 14% |
| Current ratio · Balance sheet | 1.9x | 94 (on a fixed band) | 10% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 13.6% | 100 (on a fixed band) | 19% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet38/100 · 2/3 factors with a value
- Growth· partial0/100 · 1/2 factors with a value
- Quality0/100 · 2/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial100/100 · 1/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
WESTPORT FUEL SYSTEMS INC. (WPRT). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 23.3 m USD in 2025; YoY growth -42.7%; net margin -264.3%; ROE -59.9%.
The estimated value range is 4.56–6.29 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 5.23 USD, the price of 1.90 USD leaves a potential of 175.2% (value / price − 1) and a margin of safety of 63.7% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 43.8% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 1.9x
- FCF yield: 13.6%
- The price is below the estimated value range
What contradicts it
- ROIC: -14.3%
- Net margin: -264.3%
- Revenue CAGR 3Y: -57.6%
- Interest coverage: -23.2x
Not assessed (insufficient data or a ratio without meaning): FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Engines & Turbines (SIC 3510) · same industry (4-digit SIC) · compared with 6 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| CMICummins Inc. | 68.9 bn | 25.3 | 23.0% | 8.1% | −1.3% | +1% / +123% |
| BWXTBwx Technologies, Inc. | 11.1 bn | 29.8 | 28.2% | 10.4% | +18.3% | −32% / +56% |
| BCBrunswick Corporation | 5.3 bn | — | -4.8% | -1.5% | +2.4% | +23% / +3% |
| PSIXPower Solutions International, Inc. | 915.0 m | 13.5 | 40.1% | 10.0% | +51.8% | −27% / +1,317% |
| CYDChina Yuchai International Limited | 807.0 m | 18.9 | 3.5% | 1.7% | +5.0% | −40% / +136% |
| CEPLCapstone Energy Plus, Inc. | 50.4 m | — | — | 3.5% | +23.9% | unavailable / unavailable |
| WPRTWestport Fuel Systems Inc. | 33.0 m | — | -59.9% | -264.3% | −42.7% | −5% / −63% |
1- and 3-year price returns: for WPRT from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report (foreign issuer)16 Oct 2026
- Current report (foreign issuer)15 Oct 2026
- Current report (foreign issuer)16 Sept 2026
- Current report (foreign issuer)15 Sept 2026
- Current report (foreign issuer)12 Aug 2026
- Current report (foreign issuer)11 Aug 2026
- Current report (foreign issuer)29 Jul 2026
- Current report (foreign issuer)15 Jul 2026
- Current report (foreign issuer)02 Jul 2026
- Current report (foreign issuer)23 Jun 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.