Commercial Vehicle Group (CVGI) Cash Flow: Operating & Free Cash Flow

Commercial Vehicle Group Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Commercial Vehicle Group, Inc. (CVGI) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	-22.78	-27.87	49.41	-21.97	23.73	-37.05	15.78	44.51	-1.71
Depreciation & Amortization	14.74	17.38	17.63	18.18	18.50	18.49	15.51	15.42	15.34
Deferred Income Tax	0.51	24.04	-20.70	12.48	2.08	-12.13	1.56	5.94	7.99
Stock Based Compensation	3.79	3.90	3.85	5.81	6.25	3.46	2.84	3.14	2.50
Change in Working Capital	48.53	-26.28	-14.62	40.12	-90.02	24.92	-2.32	-35.56	-27.44
Change in Accounts Receivable	34.19	10.70	18.82	19.17	-23.57	-34.28	18.82	-35.67	-13.79
Change in Inventory	11.29	-13.04	15.00	-3.68	-50.28	-6.83	9.50	4.84	-25.10
Change in Accounts Payable	-0.67	-1.89	-44.08	21.84	-11.57	48.05	-24.26	1.45	23.25
Change in Other Working Capital	1.13	0.34	-11.81	3.54	-4.60	17.99	-6.37	-6.17	-11.79
Other Operating Activities	1.13	0.34	-17.99	26.81	9.63	-6.40	3.37	7.54	5.56
Net Cash from Operating Activities	44.64	-33.45	38.28	68.95	-29.83	34.37	36.75	40.99	2.26
Investing Activities
Capital Expenditures	-10.65	-18.52	-19.70	-19.71	-17.65	-7.14	-24.00	-14.15	-13.46
Acquisitions	0.00	44.96	0.00	0.00	0.00	0.72	-34.00	0.05	2.68
Other Investing Activities	0.05	4.46	0.00	0.00	0.09	0.00	0.02	0.05	2.68
Net Cash from Investing Activities	-10.61	30.90	-19.70	-19.71	-17.57	-6.42	-57.98	-14.10	-10.78
Financing Activities
Debt Repayment	-152.19	-95.06	-10.94	-24.38	-6.40	-29.38	-8.53	-4.38	-69.94
Common Stock Repurchased	-0.24	0.00	-1.64	-1.34	-1.28	-0.66	0.00	-1.13	-1.36
Other Financing Activities	-6.53	-1.06	-0.16	-5.60	38.69	-4.22	-1.59	-0.33	-1.54
Net Cash from Financing Activities	-29.23	-7.12	-12.73	-50.09	31.01	-19.26	-10.11	-5.84	-72.85
Summary
Effect of Forex Changes on Cash	1.85	-1.54	0.17	-2.28	0.84	2.30	-0.06	-2.39	3.45
Net Change in Cash	6.65	-11.22	6.02	-3.13	-15.55	10.99	-31.40	18.67	-77.92
Cash at Beginning of Period	26.63	37.85	31.83	34.96	50.50	39.51	70.91	52.24	130.16
Cash at End of Period	33.28	26.63	37.85	31.83	34.96	50.50	39.51	70.91	52.24
Free Cash Flow	33.99	-51.97	18.58	49.24	-47.49	27.23	12.74	26.84	-11.20
Supplemental Disclosures
Interest Paid	-	11.70	12.80	9.30	8.46	12.19	-	-	-
Income Taxes Paid	-	8.40	10.90	4.00	4.11	2.48	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Commercial Vehicle Group Cash Flow

What is Commercial Vehicle Group's free cash flow?

Commercial Vehicle Group generated free cash flow of $33.99M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $44.64M minus $10.65M of capital expenditures. Free cash flow equaled 5.2% of revenue.

How much does Commercial Vehicle Group spend on capital expenditures?

Commercial Vehicle Group spent $10.65M on capital expenditures in fiscal 2025, compared with $18.52M a year earlier. That equals 23.9% of operating cash flow.

Does Commercial Vehicle Group pay dividends or buy back shares?

Yes. In fiscal 2025 Commercial Vehicle Group returned $238.00K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition