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olivLaw · US equity research

Caesarstone Ltd. CSTE

Cut Stone & Stone Products · SIC 3281 · Vertical: Stone, clay, glass and concrete (SIC 32xx)

1.28USD−21.95% · 1 dayClose 05 Nov 2026

Caesarstone Ltd. is a multi-material designer and producer of premium countertop surfaces in engineered quartz, porcelain and natural stone, sold in about 60 countries. The company is going through a difficult stretch, with falling revenue and competitive pressure, and silicosis litigation remains a major burden.

The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).

At the close of 05 Nov 2026, Caesarstone Ltd. (CSTE) stock was 1.28 USD (−21.95% on the day), with market capitalisation 44.3 m USD, dividend yield 0.00%, beta 1.08, 52-week range 0.62–3.56 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
44.3 m USD
shares as of 31 Dec 2025
P/E (TTM)
unavailable
Diluted EPS TTM -3.98 · TTM to 31 Dec 2025
E/P (TTM)
-310.94%
TTM to 31 Dec 2025
Dividend yield
0.00%
DPS 12m 0.00
Beta (2y)
1.08
Volatility (1y) 113%
52-week range
0.623.56

Price history

Loading chart…

Technical reading

RSI (14)
24.9
oversold (≤ 30)
Bollinger (20, 2)
1.33 – 3.17
below the lower band · %B -0.03 · band width 81.6%
SMA 50 / 200
2.67 / 2.06
mixed trend
MACD (12, 26, 9)
-0.33 / -0.23
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

CompanyS&P 500vs S&P 500Vertical median
1 month−54.0%−1.1%−52.9 pp—
3 months−41.8%−0.5%−41.4 pp—
6 months−7.2%+4.4%−11.6 pp—
Year to date−31.2%+12.3%−43.5 pp—
1 year+19.6%+13.5%+6.1 pp−11.8%
3 years−70.2%+76.4%−146.6 pp+4.5%
5 years−90.4%+63.7%−154.1 pp—
Max drawdown (1y)
−75.2%
23 Jan 2026 → 13 Mar 2026
Max drawdown (5y)
−95.4%
09 Nov 2021 → 13 Mar 2026
Compound annual growth (5y)
−37.4%
S&P 500 +10.4%

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 year20182019202020212022202320242025
Revenue575.9 m546.0 m486.4 m643.9 m690.8 m565.2 m443.2 m397.2 m
Revenue YoY−2.1%−5.2%−10.9%+32.4%+7.3%−18.2%−21.6%−10.4%
Net income24.4 m12.9 m7.2 m19.0 m-57.1 m-107.7 m-42.8 m-137.5 m
Net income YoY−6.9%−47.3%−43.9%+162.8%−400.8%unavailableunavailableunavailable
Diluted EPSunavailableunavailable0.210.51-1.66-3.13-1.13-3.98
Diluted EPS YoYunavailableunavailableunavailable+142.9%−425.5%unavailableunavailableunavailable
net %4.2%2.4%1.5%2.9%-8.3%-19.0%-9.7%-34.6%
Free cash flow-6.3 m59.5 m27.8 m-10.8 m-41.1 m55.4 m21.5 m-47.1 m

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
58.4 m USD
Financial debt
26.9 m USD
Net debt
-31.5 m USD
Equity
139.2 m USD
Total assets
398.4 m USD
Debt / equity
0.19x
Current ratio
1.83x
ROE
-66.9%
ROA
-29.0%
FCF margin
-11.8%

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2023
565.2 m
2024
443.2 m
2025
397.2 m

SEC (XBRL)· 04 Mar 2026verified

Cost of revenue
2023
473.3 m
2024
346.5 m
2025
323.9 m

SEC (XBRL)· 04 Mar 2026verified

Gross profit
2023
91.9 m
2024
96.7 m
2025
73.3 m

SEC (XBRL)· 04 Mar 2026verified

Research & development
2023
5.1 m
2024
5.0 m
2025
5.7 m

SEC (XBRL)· 04 Mar 2026verified

Operating income
2023
-88.0 m
2024
-41.9 m
2025
-125.7 m

SEC (XBRL)· 04 Mar 2026verified

Depreciation & amortisation
2023
30.0 m
2024
17.1 m
2025
14.2 m

SEC (XBRL)· 04 Mar 2026verified

EBITDA
2023
-58.0 m ≈
2024
-24.8 m ≈
2025
-111.5 m ≈

SEC (XBRL)· 04 Mar 2026derived

Interest expense
2023
377.0 k
2024
300.0 k
2025
69.0 k

SEC (XBRL)· 04 Mar 2026verified

Pre-tax income
2023
-87.0 m
2024
-41.9 m
2025
-133.5 m

SEC (XBRL)· 04 Mar 2026verified

Income tax
2023
21.3 m
2024
1.1 m
2025
4.3 m

SEC (XBRL)· 04 Mar 2026verified

Net income
2023
-107.7 m
2024
-42.8 m
2025
-137.5 m

SEC (XBRL)· 04 Mar 2026verified

Diluted EPS
2023
-3.13
2024
-1.13
2025
-3.98

SEC (XBRL)· 04 Mar 2026verified

Weighted average diluted shares
2023
34.5 m
2024
34.5 m
2025
34.6 m

SEC (XBRL)· 04 Mar 2026verified

Dividend per share
2023
0.00
2024
0.00
2025
—

SEC (XBRL)· 05 Mar 2025derived

Balance sheet · USD

Cash
2023
54.6 m
2024
57.3 m
2025
58.4 m

SEC (XBRL)· 04 Mar 2026verified

Receivables
2023
66.9 m
2024
46.9 m
2025
48.3 m

SEC (XBRL)· 04 Mar 2026verified

Inventories
2023
136.4 m
2024
112.6 m
2025
94.3 m

SEC (XBRL)· 04 Mar 2026verified

Current assets
2023
319.9 m
2024
348.5 m
2025
253.1 m

SEC (XBRL)· 04 Mar 2026verified

Property, plant & equipment, net
2023
123.5 m
2024
75.7 m
2025
30.1 m

SEC (XBRL)· 04 Mar 2026verified

Goodwill
2023
0
2024
0
2025
—

SEC (XBRL)· 05 Mar 2025verified

Intangibles (excl. goodwill)
2023
6.3 m
2024
263.0 k
2025
0

SEC (XBRL)· 04 Mar 2026verified

Total assets
2023
579.9 m
2024
549.0 m
2025
398.4 m

SEC (XBRL)· 04 Mar 2026verified

Accounts payable
2023
42.8 m
2024
52.8 m
2025
37.8 m

SEC (XBRL)· 04 Mar 2026verified

Short-term debt
2023
0
2024
24.3 m
2025
26.9 m

SEC (XBRL)· 04 Mar 2026verified

Long-term debt
2023
—
2024
—
2025
—

SEC (XBRL)· 22 Mar 2021verified

Current liabilities
2023
121.2 m
2024
151.7 m
2025
138.2 m

SEC (XBRL)· 04 Mar 2026verified

Equity
2023
315.1 m
2024
271.6 m
2025
139.2 m

SEC (XBRL)· 04 Mar 2026verified

Shares outstanding at year end
2023
34.5 m
2024
34.5 m
2025
34.6 m

SEC (XBRL)· 04 Mar 2026verified

Cash flow · USD

Operating cash flow
2023
66.5 m
2024
31.9 m
2025
-38.0 m

SEC (XBRL)· 04 Mar 2026verified

Capex
2023
11.2 m
2024
10.4 m
2025
9.0 m

SEC (XBRL)· 04 Mar 2026verified

Free cash flow
2023
55.4 m ≈
2024
21.5 m ≈
2025
-47.1 m ≈

SEC (XBRL)· 04 Mar 2026derived

Investing cash flow
2023
-40.5 m
2024
-24.4 m
2025
42.0 m

SEC (XBRL)· 04 Mar 2026verified

Financing cash flow
2023
-23.8 m
2024
-3.0 m
2025
-3.9 m

SEC (XBRL)· 04 Mar 2026verified

Dividends paid
2023
0
2024
0
2025
—

SEC (XBRL)· 05 Mar 2025verified

Computed indicators

Growth

Revenue growth (YoY)
-10.4%
computed by olivLawFY 2025
Revenue CAGR 3Y
-16.8%
computed by olivLawFY 2022 → FY 2025
Revenue CAGR 5Y
-4.0%
computed by olivLawFY 2020 → FY 2025
EBIT growth (YoY)
unavailable
the base of the ratio is not positive
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
the base of the ratio is not positive
Net income CAGR 5Y
unavailable
the base of the ratio is not positive
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
the base of the ratio is not positive
EPS CAGR 5Y
unavailable
the base of the ratio is not positive
FCF growth (YoY)
-319.4%
computed by olivLawFY 2025

Profitability

Gross margin
18.4%
computed by olivLawFY 2025
EBITDA margin
-28.1%
computed by olivLawFY 2025
EBIT margin
-31.6%
computed by olivLawFY 2025
Net margin
-34.6%
computed by olivLawFY 2025
FCF margin
-11.8%
computed by olivLawFY 2025

Returns

ROE
-66.9%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROA
-29.0%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROIC
-61.0%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
ROCE
-48.3%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Payout ratio (EPS)
unavailable
insufficient data
Payout ratio (FCF)
unavailable
the base of the ratio is not positive

Balance sheet

Net debt
-31.5 m USD
computed by olivLawbalance sheet at 31 Dec 2025
Net debt / EBITDA
unavailable
insufficient data
Debt / equity
0.2x
computed by olivLawbalance sheet at 31 Dec 2025
Interest coverage
-1,821.9x
computed by olivLawFY 2025

Liquidity

Current ratio
1.8x
computed by olivLawbalance sheet at 31 Dec 2025
Quick ratio
1.1x
computed by olivLawbalance sheet at 31 Dec 2025
Cash ratio
0.4x
computed by olivLawbalance sheet at 31 Dec 2025

Cash

Operating cash flow
-38.0 m USD
computed by olivLawFY 2025
Capital expenditure
9.0 m USD
computed by olivLawFY 2025
Free cash flow
-47.1 m USD
computed by olivLawFY 2025
FCF conversion
unavailable
insufficient data
Cash conversion
unavailable
insufficient data

Efficiency

Days sales outstanding
44 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Days inventory outstanding
117 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Days payables outstanding
51 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Cash conversion cycle
109 days
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025

Market and valuation

Market capitalisation
44.3 m USD
computed by olivLawbalance sheet at 31 Dec 2025
Enterprise value
12.7 m USD
computed by olivLawbalance sheet at 31 Dec 2025
Market cap / net income TTM
unavailable
insufficient data
P/E (TTM)
unavailable
insufficient data
Earnings yield
-310.9%
computed by olivLawFY 2025
P/B
0.3x
computed by olivLawbalance sheet at 31 Dec 2025
P/S
0.1x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
EV/EBITDA
unavailable
insufficient data
EV/EBIT
unavailable
insufficient data
EV/Sales
0.0x
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
P/FCF
unavailable
the base of the ratio is not positive
FCF yield
-106.4%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Dividend yield
0.0%
computed by olivLawFY 2025
Shareholder yield (distributions)
0.0%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • score weight coverage: 50.0% of at least 60%
  • valuation methods computed: 0 of at least 1

A scoring methodology on indicators and valuation, not investment advice.

Closing price

1.28 USD

05 Nov 2026Source: olivLaw, closing series

Market cap: 44.3 m USD

Key indicators

Market capitalisation
44.3 m USD
computed by olivLawbalance sheet at 31 Dec 2025
P/E (TTM)
unavailable
insufficient data
P/B
0.3x
computed by olivLawbalance sheet at 31 Dec 2025
EV/EBITDA
unavailable
insufficient data
ROE
-66.9%
computed by olivLawFY 2025 · balance sheet at 31 Dec 2025
Net margin
-34.6%
computed by olivLawFY 2025
Revenue growth (YoY)
-10.4%
computed by olivLawFY 2025
Dividend yield
0.0%
computed by olivLawFY 2025

Coverage and freshness

34/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 31 Dec 2025
Latest balance sheet date: 31 Dec 2025
Share count (cover of the latest filing), as of: 31 Dec 2025
Source: SEC (XBRL)published 04 Mar 2026
verified 499derived 10

Score by group

50% · Insufficient data

Estimated value range

unavailable — no valuation method could be computed

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

  • DCF (discounted cash flow)unavailable · the base of the ratio is not positive
  • 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 base of the ratio is not positive

no valuation method could be computed

Multiple comparisons use the SIC vertical: Stone, clay, glass and concrete (SIC 32xx)

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: 50.0% of at least 60%; valuation methods computed: 0 of at least 1

FactorValueScoreWeight used
ROIC · Quality-61.0%0 (vs peers)21%
Net margin · Quality-34.6%7 (vs peers)13%
FCF conversion · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growth-16.8%0 (on a fixed band)17%
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheet-1,821.9x0 (on a fixed band)13%
Current ratio · Balance sheet1.8x86 (on a fixed band)8%
P/E (TTM) · Valuationunavailableunavailable—
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuation-106.4%0 (on a fixed band)17%
Shareholder yield (distributions) · Returns0.0%0 (on a fixed band)13%
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet34/100 · 2/3 factors with a value
  • Growth· partial0/100 · 1/2 factors with a value
  • Quality3/100 · 2/3 factors with a value
  • Returns· partial0/100 · 1/2 factors with a value
  • Valuation· partial0/100 · 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

Caesarstone Ltd. (CSTE). Latest full fiscal year: 2025; data up to 2025-12-31.

Figures computed from the financial statements: revenue 397.2 m USD in 2025; YoY growth -10.4%; net margin -34.6%; ROE -66.9%.

Valuation cannot be computed from the available data.

Insufficient data for a verdict (score weight coverage: 50.0% of at least 60%; valuation methods computed: 0 of at least 1).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

  • Current ratio: 1.8x

What contradicts it

  • ROIC: -61.0%
  • Net margin: -34.6%
  • Revenue CAGR 3Y: -16.8%
  • Interest coverage: -1,821.9x
  • FCF yield: -106.4%
  • Shareholder yield (distributions): 0.0%

Not assessed (insufficient data or a ratio without meaning): FCF conversion, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, Payout ratio (FCF).

Versus the vertical median

Stone, clay, glass and concrete (SIC 32xx) · same major group (2-digit SIC) · compared with 14 companies

Multiples and returns vs the median

P/E
—
vertical median 19.0x
EV/EBITDA
—
vertical median 11.3x
P/S
0.1x
vertical median 1.9x
below median (−94.2%)
P/B
0.3x
vertical median 2.5x
below median (−87.5%)
ROE
-66.9%
vertical median 11.4%
below median (−685.5%)
Net margin
-34.6%
vertical median 7.2%
below median (−579.6%)
EBIT margin
-31.6%
vertical median 10.5%
below median (−401.7%)
Revenue YoY
-10.4%
vertical median 2.9%
below median (−459.6%)
Net debt/EBITDA
—
vertical median 1.9x
Dividend yield
0.0%
vertical median 0.7%
below median (−100.0%)

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
CXCemex Sab De Cv155.4 bn502.87.8%5.8%−2.1%−1% / +55%
CRHCRH public limited company65.7 bn18.614.8%9.2%+5.3%−18% / +57%
AMRZAmrize Ltd23.5 bn19.59.8%10.2%+0.9%−14% / unavailable
JHXJAMES HARDIE INDUSTRIES plc16.6 bn114.23.3%2.7%+24.7%+45% / −11%
OCOwens Corning9.6 bn—-11.3%-4.4%+2.6%+10% / −8%
EXPEagle Materials Inc.5.8 bn15.724.5%16.1%+2.1%−15% / +5%
TGLSTecnoglass Holdings Inc.2.0 bn15.917.0%12.4%+10.5%−9% / +29%
APOGApogee Enterprises, Inc.959.5 m14.513.1%4.7%+3.2%+26% / +2%
OIO-I Glass, Inc.829.8 m—-119.2%-18.9%−1.6%−60% / −63%
RETOReTo Eco-Solutions, Inc.169.3 m—-48.3%-366.1%+84.3%−98% / −100%
SMIDSmith-Midland Corporation134.5 m22.014.5%8.6%+19.0%−27% / −17%
CPSHCps Technologies Corp.69.8 m—-0.1%-0.1%+54.3%+5% / +55%
CSTECaesarstone Ltd.44.3 m—-66.9%-34.6%−10.4%+20% / −70%
CPACHolcim Ltd——16.6%10.1%+1.4%+90% / +170%
LOMALoma Negra Compania Industrialargentina Sociedad Anonima——21.5%22.0%−23.9%−29% / +35%

1- and 3-year price returns: for CSTE 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.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
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
What moves the 3-year price the most

    AI analysis

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    Possibly outdated: the newest document it read is from 04 Mar 2026; since then the company filed 6-K (03 Nov 2026), 6-K (27 Oct 2026), 6-K (21 Oct 2026), 6-K (05 Aug 2026), 6-K (13 May 2026).

    In brief

    Caesarstone Ltd. is a multi-material designer and producer of premium countertop surfaces in engineered quartz, porcelain and natural stone, sold in about 60 countries. The company is going through a difficult stretch, with falling revenue and competitive pressure, and silicosis litigation remains a major burden. 1

    SWOT

    Strengths

    • A recognized premium brand with direct presence in many countries and a wide range of colors and finishes. This supports pricing above other materials.
    • A diversified portfolio across quartz, porcelain and natural stone, with access to the fastest growing category.
    • A direct sales network in key markets that gives control over inventory and customer contact.

    Weaknesses

    • Large net losses in 2025 and falling gross margins show sensitivity to volumes and costs.
    • Geographic concentration in a few markets leaves the company exposed to local downturns.
    • Underused production capacity has raised unit costs and weighed on margins.

    Opportunities

    • The company says its largest growth opportunity lies in the US market, which could matter if demand there grows.
    • The ICON line without crystalline silica could meet demand for safer and more responsible products.
    • Expansion in Europe through the German subsidiary could add new volumes.

    Threats

    • Silicosis litigation could bring large damages and affect reputation and costs.
    • Tariffs and duties could reduce competitiveness in important markets.
    • Changes in silica regulation could restrict products or manufacturing methods.

    Risks

    • Silicosis liabilityhigh

      Numerous lawsuits over exposure to crystalline silica could lead to major losses. Insurance coverage is disputed and court outcomes are uncertain.

    • Weaker renovation demandhigh

      If renovation and construction slow further, volumes and revenue could keep falling. The company depends heavily on this segment.

    • Geographic concentrationmedium

      Revenue concentrated in a few markets means a problem in one of them can affect overall results.

    • Tariffs and dutiesmedium

      Trade measures and duties could raise costs and reduce demand in the US market, where the company wants to grow.

    • Reliance on production partnersmedium

      Production through third-party partners brings concentration and dependence on their quality and delivery.

    Investment thesis

    What would need to be true (bull case)

    • If quartz keeps taking share from traditional materials, the company could benefit from long-term demand.
    • Porcelain and the ICON line could open new market segments and support the premium position.
    • If the manufacturing restructuring lowers costs, margins could gradually recover.

    What would break the thesis

    • Large net losses and shrinking margins show the business is not yet profitable under current conditions.
    • Silicosis claims could produce damages that keep pressure on the finances.
    • Competitive pressure and tariffs could limit volume growth in key markets.

    What to watch

    • Revenue and volume trends in the US marketQ1 2027
    • Gross margin and the effect of the manufacturing restructuring2027
    • Results of the German subsidiary and European expansion2027

    Products, market & competition

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    Possibly outdated: the newest document it read is from 04 Mar 2026; since then the company filed 6-K (03 Nov 2026), 6-K (27 Oct 2026), 6-K (21 Oct 2026), 6-K (05 Aug 2026), 6-K (13 May 2026).

    The business

    Founded in 1987 in Israel and listed on Nasdaq since 2012, Caesarstone designs, produces and markets engineered surfaces for countertops, vanities and exteriors under the Caesarstone and Lioli brands. The products are used mainly in residential and commercial kitchens. 1

    In 2025 the company reported revenue of 397.2 million USD and a net loss attributable to controlling interest of 137.5 million USD, per its annual report. Direct sales account for 89% of revenue, with the rest coming from third-party distributors. 1

    The company is restructuring its manufacturing network, has discontinued production in Israel and the US, and relies more on third-party production partners. Operations are organized in the US, Canada, APAC, EMEA and Israel. 1

    Segments

    Engineered quartz surfaces

    The core category, averaging 85% minerals blended with polyester and pigments. The Classico, Supernatural, Metropolitan and Outdoor collections, plus the crystalline-silica-free ICON line, position the products as premium. 1

    Porcelain and natural stone

    Porcelain, added through the Lioli acquisition in India, is one of the fastest growing categories in the countertop market. The company also sells natural stone, sinks and accessories, mainly in the US through the Omicron acquisition. 1

    Market context

    The main markets in 2025 were the US (47% of revenue), Australia (17%), Canada (13.1%) and Israel (4.9%). The company says about 60-70% of revenue in its main markets comes from renovation and remodeling, the rest from new residential construction. 1

    Trends

    • Quartz penetrationtailwind

      In the US, quartz's share of volume rose from 14% in 2016 to 20% in 2024, and in Australia it reached 48%. If the trend continues, demand for engineered surfaces could support volumes over the long term. 1

    • Porcelain growthtailwind

      Porcelain grew at a compound annual rate of 30.5% over 2016-2024 and is among the fastest growing categories. The company entered it through Lioli. 1

    • Macroeconomic pressure and tariffsheadwind

      The 2025 revenue decline was attributed to higher interest and inflation rates, tariffs on the US market and competitive pressure. If these conditions persist, volumes could stay weak. 1

    • Silica regulation and liabilitymixed

      Laws on crystalline silica and silicosis claims could change costs and sales conditions. The effect depends on court outcomes and new rules that remain uncertain. 1

    Competitive position

    Caesarstone competes with other quartz and porcelain surface producers, and also with granite, solid surfaces and laminate. The company cites competitive pressure as a reason for lower volumes in 2025. 1

    In Israel, quartz lost share to porcelain, which passed 41% in 2024. This shows that price niches and materials can shift a competitor's position quickly. 1

    • Cosentino (Silestone)

      Quartz surface producer, a direct type of competitor in engineered stone.

    • Granite and natural stone producers

      Competing countertop materials that quartz has gradually replaced.

    • Solid surface manufacturers

      Alternative to quartz, named by the company among materials losing share.

    • Porcelain producers

      Rising competition in porcelain, which is gaining share from quartz.

    News & filings

    In the press

    The latest news item in our archive is from 03 Sept 2026; the newest SEC filing is from 03 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.

    Sources

    1. [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Caesarstone Ltd. · 04 Mar 2026

    Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.