CVSA Covista Inc.

Overview and Growth

Fiscal 2026 results for Covista Inc. combined $1.95B of revenue with net income of $251.57M and an operating cash inflow of $470.42M. The $1.95B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 9.3% from $1.79B in fiscal 2025, increasing the company’s operating scale. Diluted earnings per share were $7.04, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted EPS increased by 13.9% from $6.18 in fiscal 2025, showing how the earnings change reached shareholders on a per-share basis. The revenue-to-assets relationship was 0.65x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After reported cost of revenue, the company retained $1.12B as gross profit before recognizing operating expenses and other items. Gross profit represented 57.3% of revenue, showing how much of the top line remained after direct costs. Operating income was $383.38M, the earnings remaining from reported operations after the company’s recognized operating cost structure. Relative to revenue, operating income represented 19.6%, showing how efficiently sales converted into operating profit. After all reported below-operating-line items, the company recorded net income of $251.57M for the fiscal year. The final earnings result represented 12.9% of revenue, connecting the absolute net income figure with the company’s top-line scale. Pretax income was $345.12M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. The pretax margin was 17.7%, relating income before taxes directly to revenue. Income tax expense totaled $77.74M, providing the reported tax component that separates pretax and after-tax earnings. The effective relationship between income tax and positive pretax income was 22.5%, without assuming a statutory-rate comparison.

Liquidity and Capital Structure

At period end, the $3.01B asset base was financed through $1.57B of liabilities and $1.45B of equity. At period end, current assets of $652.44M compared with current liabilities of $596.82M, defining the company’s short-term resource position. Current assets covered current liabilities by 1.09x, leaving a positive buffer for near-term obligations. Reported cash and equivalents were $406.32M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 68.1% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The company carried $662.85M of total debt at period end, which frames its leverage and debt-service burden. Debt equaled 0.46x of book equity, describing the relative scale of borrowing and shareholder capital. The debt-to-assets relationship was 22.0%, comparing borrowing with the total asset balance. Relative to total assets, liabilities measured 52.0%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 13.5%, comparing reported cash and equivalents with the full positive asset balance. Compared with $2.75B in fiscal 2025, the current asset base moved 9.5% and finished higher.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $470.42M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Operating cash flow equaled 1.87x of net income, showing how strongly accounting earnings converted into cash from operations. Capital spending was $77.70M, absorbing part of the cash generated from operations before free cash flow. Capital spending absorbed 16.5% of operating cash flow, quantifying the share of cash from operations directed to investment. After capital spending, free cash flow was $392.73M, leaving cash available for debt reduction, shareholder returns, or further investment. Free cash flow represented 20.1% of revenue, linking post-investment cash generation with the company’s operating scale. Measured against total assets, free cash flow represented 13.0%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Jun 30, 2026. Analysis generated Oct 26, 2026.