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Side-by-side financial comparison of Asana, Inc. (ASAN) and Commercial Vehicle Group, Inc. (CVGI). Click either name above to swap in a different company.

Asana, Inc. is the larger business by last-quarter revenue ($201.0M vs $154.8M, roughly 1.3× Commercial Vehicle Group, Inc.). On growth, Asana, Inc. posted the faster year-over-year revenue change (9.3% vs -5.2%). Asana, Inc. produced more free cash flow last quarter ($15.5M vs $8.7M). Over the past eight quarters, Asana, Inc.'s revenue compounded faster (8.4% CAGR vs -10.8%).

Asana, Inc. is an American software company based in San Francisco whose flagship Asana service is a web and mobile "work management" platform designed to help teams organize, track, and manage their work. Asana, Inc. was founded in 2008 by Dustin Moskovitz and Justin Rosenstein. The product launched commercially in April 2012. In September 2020, the company was valued at $5.5 billion following its direct listing.

WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...

ASAN vs CVGI — Head-to-Head

Bigger by revenue
ASAN
ASAN
1.3× larger
ASAN
$201.0M
$154.8M
CVGI
Growing faster (revenue YoY)
ASAN
ASAN
+14.6% gap
ASAN
9.3%
-5.2%
CVGI
More free cash flow
ASAN
ASAN
$6.8M more FCF
ASAN
$15.5M
$8.7M
CVGI
Faster 2-yr revenue CAGR
ASAN
ASAN
Annualised
ASAN
8.4%
-10.8%
CVGI

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
ASAN
ASAN
CVGI
CVGI
Revenue
$201.0M
$154.8M
Net Profit
$-68.4M
Gross Margin
88.9%
9.7%
Operating Margin
-34.8%
-1.2%
Net Margin
-34.0%
Revenue YoY
9.3%
-5.2%
Net Profit YoY
-19.4%
EPS (diluted)
$-0.29

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASAN
ASAN
CVGI
CVGI
Q4 25
$201.0M
$154.8M
Q3 25
$196.9M
$152.5M
Q2 25
$187.3M
$172.0M
Q1 25
$188.3M
$169.8M
Q4 24
$183.9M
$163.3M
Q3 24
$179.2M
$171.8M
Q2 24
$172.4M
$193.7M
Q1 24
$171.1M
$194.6M
Net Profit
ASAN
ASAN
CVGI
CVGI
Q4 25
$-68.4M
Q3 25
$-48.4M
$-7.1M
Q2 25
$-40.0M
$-4.8M
Q1 25
$-62.3M
$-4.3M
Q4 24
$-57.3M
Q3 24
$-72.2M
$9.5M
Q2 24
$-63.7M
$-1.6M
Q1 24
$-62.4M
$2.9M
Gross Margin
ASAN
ASAN
CVGI
CVGI
Q4 25
88.9%
9.7%
Q3 25
89.7%
10.5%
Q2 25
89.7%
11.4%
Q1 25
89.6%
10.5%
Q4 24
89.2%
8.0%
Q3 24
88.8%
9.6%
Q2 24
89.7%
10.6%
Q1 24
89.8%
11.9%
Operating Margin
ASAN
ASAN
CVGI
CVGI
Q4 25
-34.8%
-1.2%
Q3 25
-25.1%
-0.7%
Q2 25
-23.4%
0.5%
Q1 25
-33.8%
0.8%
Q4 24
-32.7%
-3.2%
Q3 24
-42.9%
-0.6%
Q2 24
-38.4%
0.5%
Q1 24
-39.7%
2.3%
Net Margin
ASAN
ASAN
CVGI
CVGI
Q4 25
-34.0%
Q3 25
-24.6%
-4.6%
Q2 25
-21.4%
-2.8%
Q1 25
-33.1%
-2.5%
Q4 24
-31.2%
Q3 24
-40.3%
5.5%
Q2 24
-37.0%
-0.8%
Q1 24
-36.5%
1.5%
EPS (diluted)
ASAN
ASAN
CVGI
CVGI
Q4 25
$-0.29
Q3 25
$-0.20
Q2 25
$-0.17
Q1 25
$-0.27
Q4 24
$-0.25
Q3 24
$-0.31
Q2 24
$-0.28
$-0.05
Q1 24
$-0.28
$0.09

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASAN
ASAN
CVGI
CVGI
Cash + ST InvestmentsLiquidity on hand
$183.5M
Total DebtLower is stronger
$104.9M
Stockholders' EquityBook value
$188.4M
$133.4M
Total Assets
$840.4M
$391.7M
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASAN
ASAN
CVGI
CVGI
Q4 25
$183.5M
Q3 25
$184.1M
Q2 25
$193.8M
Q1 25
$184.7M
Q4 24
$196.8M
Q3 24
$219.4M
Q2 24
$222.0M
Q1 24
$236.7M
Total Debt
ASAN
ASAN
CVGI
CVGI
Q4 25
$104.9M
Q3 25
$108.2M
Q2 25
$118.2M
Q1 25
$117.4M
Q4 24
$135.5M
Q3 24
$128.8M
Q2 24
$142.0M
Q1 24
$155.7M
Stockholders' Equity
ASAN
ASAN
CVGI
CVGI
Q4 25
$188.4M
$133.4M
Q3 25
$224.6M
$136.5M
Q2 25
$236.3M
$142.6M
Q1 25
$227.5M
$136.7M
Q4 24
$239.3M
$135.6M
Q3 24
$291.9M
$179.3M
Q2 24
$319.9M
$169.6M
Q1 24
$326.4M
$175.5M
Total Assets
ASAN
ASAN
CVGI
CVGI
Q4 25
$840.4M
$391.7M
Q3 25
$883.2M
$400.3M
Q2 25
$877.1M
$429.8M
Q1 25
$891.4M
$419.8M
Q4 24
$874.2M
$424.6M
Q3 24
$945.4M
$495.3M
Q2 24
$978.2M
$503.2M
Q1 24
$962.0M
$509.2M
Debt / Equity
ASAN
ASAN
CVGI
CVGI
Q4 25
0.79×
Q3 25
0.79×
Q2 25
0.83×
Q1 25
0.86×
Q4 24
1.00×
Q3 24
0.72×
Q2 24
0.84×
Q1 24
0.89×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASAN
ASAN
CVGI
CVGI
Operating Cash FlowLast quarter
$16.2M
$12.3M
Free Cash FlowOCF − Capex
$15.5M
$8.7M
FCF MarginFCF / Revenue
7.7%
5.6%
Capex IntensityCapex / Revenue
0.3%
2.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$74.5M
$34.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASAN
ASAN
CVGI
CVGI
Q4 25
$16.2M
$12.3M
Q3 25
$39.8M
$-1.7M
Q2 25
$6.8M
$18.9M
Q1 25
$15.9M
$15.2M
Q4 24
$-14.9M
$-26.6M
Q3 24
$15.9M
$-17.1M
Q2 24
$-1.9M
$12.6M
Q1 24
$-15.3M
$-2.4M
Free Cash Flow
ASAN
ASAN
CVGI
CVGI
Q4 25
$15.5M
$8.7M
Q3 25
$38.5M
$-3.5M
Q2 25
$6.1M
$17.4M
Q1 25
$14.3M
$11.4M
Q4 24
$-16.3M
$-30.6M
Q3 24
$14.2M
$-20.3M
Q2 24
$-2.9M
$6.4M
Q1 24
$-15.8M
$-7.4M
FCF Margin
ASAN
ASAN
CVGI
CVGI
Q4 25
7.7%
5.6%
Q3 25
19.6%
-2.3%
Q2 25
3.3%
10.1%
Q1 25
7.6%
6.7%
Q4 24
-8.8%
-18.7%
Q3 24
7.9%
-11.8%
Q2 24
-1.7%
3.3%
Q1 24
-9.3%
-3.8%
Capex Intensity
ASAN
ASAN
CVGI
CVGI
Q4 25
0.3%
2.3%
Q3 25
0.7%
1.2%
Q2 25
0.3%
0.9%
Q1 25
0.8%
2.2%
Q4 24
0.7%
2.4%
Q3 24
0.9%
1.9%
Q2 24
0.6%
3.2%
Q1 24
0.3%
2.6%
Cash Conversion
ASAN
ASAN
CVGI
CVGI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-1.79×
Q2 24
Q1 24
-0.80×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASAN
ASAN

US$118.5M59%
Non Us$82.5M41%

CVGI
CVGI

Global Seating$70.7M46%
Global Electrical Systems$49.7M32%
Trim Systems And Components$34.4M22%

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