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Side-by-side financial comparison of Ategrity Specialty Insurance Co Holdings (ASIC) and Commercial Vehicle Group, Inc. (CVGI). Click either name above to swap in a different company.

Commercial Vehicle Group, Inc. is the larger business by last-quarter revenue ($154.8M vs $116.1M, roughly 1.3× Ategrity Specialty Insurance Co Holdings).

Ategrity Specialty Insurance Co Holdings is a specialty insurance holding company that provides commercial property and casualty insurance solutions. It primarily focuses on excess and surplus lines coverage, serving niche segments including construction, healthcare, and small business markets across the United States, offering tailored policies for unique, hard-to-place risks that standard carriers do not typically cover.

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 ...

ASIC vs CVGI — Head-to-Head

Bigger by revenue
CVGI
CVGI
1.3× larger
CVGI
$154.8M
$116.1M
ASIC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASIC
ASIC
CVGI
CVGI
Revenue
$116.1M
$154.8M
Net Profit
$22.7M
Gross Margin
9.7%
Operating Margin
25.6%
-1.2%
Net Margin
19.5%
Revenue YoY
-5.2%
Net Profit YoY
EPS (diluted)
$0.45

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
ASIC
ASIC
CVGI
CVGI
Q4 25
$154.8M
Q3 25
$116.1M
$152.5M
Q2 25
$101.8M
$172.0M
Q1 25
$169.8M
Q4 24
$163.3M
Q3 24
$171.8M
Q2 24
$193.7M
Q1 24
$194.6M
Net Profit
ASIC
ASIC
CVGI
CVGI
Q4 25
Q3 25
$22.7M
$-7.1M
Q2 25
$17.6M
$-4.8M
Q1 25
$-4.3M
Q4 24
Q3 24
$9.5M
Q2 24
$-1.6M
Q1 24
$2.9M
Gross Margin
ASIC
ASIC
CVGI
CVGI
Q4 25
9.7%
Q3 25
10.5%
Q2 25
11.4%
Q1 25
10.5%
Q4 24
8.0%
Q3 24
9.6%
Q2 24
10.6%
Q1 24
11.9%
Operating Margin
ASIC
ASIC
CVGI
CVGI
Q4 25
-1.2%
Q3 25
25.6%
-0.7%
Q2 25
21.9%
0.5%
Q1 25
0.8%
Q4 24
-3.2%
Q3 24
-0.6%
Q2 24
0.5%
Q1 24
2.3%
Net Margin
ASIC
ASIC
CVGI
CVGI
Q4 25
Q3 25
19.5%
-4.6%
Q2 25
17.3%
-2.8%
Q1 25
-2.5%
Q4 24
Q3 24
5.5%
Q2 24
-0.8%
Q1 24
1.5%
EPS (diluted)
ASIC
ASIC
CVGI
CVGI
Q4 25
Q3 25
$0.45
Q2 25
$0.39
Q1 25
Q4 24
Q3 24
Q2 24
$-0.05
Q1 24
$0.09

Balance Sheet & Financial Strength

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

Metric
ASIC
ASIC
CVGI
CVGI
Cash + ST InvestmentsLiquidity on hand
$34.3M
Total DebtLower is stronger
$104.9M
Stockholders' EquityBook value
$588.6M
$133.4M
Total Assets
$1.4B
$391.7M
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASIC
ASIC
CVGI
CVGI
Q4 25
Q3 25
$34.3M
Q2 25
$23.5M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
ASIC
ASIC
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
ASIC
ASIC
CVGI
CVGI
Q4 25
$133.4M
Q3 25
$588.6M
$136.5M
Q2 25
$559.7M
$142.6M
Q1 25
$136.7M
Q4 24
$135.6M
Q3 24
$179.3M
Q2 24
$169.6M
Q1 24
$175.5M
Total Assets
ASIC
ASIC
CVGI
CVGI
Q4 25
$391.7M
Q3 25
$1.4B
$400.3M
Q2 25
$1.4B
$429.8M
Q1 25
$419.8M
Q4 24
$424.6M
Q3 24
$495.3M
Q2 24
$503.2M
Q1 24
$509.2M
Debt / Equity
ASIC
ASIC
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
ASIC
ASIC
CVGI
CVGI
Operating Cash FlowLast quarter
$41.1M
$12.3M
Free Cash FlowOCF − Capex
$8.7M
FCF MarginFCF / Revenue
5.6%
Capex IntensityCapex / Revenue
2.3%
Cash ConversionOCF / Net Profit
1.81×
TTM Free Cash FlowTrailing 4 quarters
$34.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASIC
ASIC
CVGI
CVGI
Q4 25
$12.3M
Q3 25
$41.1M
$-1.7M
Q2 25
$50.8M
$18.9M
Q1 25
$15.2M
Q4 24
$-26.6M
Q3 24
$-17.1M
Q2 24
$12.6M
Q1 24
$-2.4M
Free Cash Flow
ASIC
ASIC
CVGI
CVGI
Q4 25
$8.7M
Q3 25
$-3.5M
Q2 25
$17.4M
Q1 25
$11.4M
Q4 24
$-30.6M
Q3 24
$-20.3M
Q2 24
$6.4M
Q1 24
$-7.4M
FCF Margin
ASIC
ASIC
CVGI
CVGI
Q4 25
5.6%
Q3 25
-2.3%
Q2 25
10.1%
Q1 25
6.7%
Q4 24
-18.7%
Q3 24
-11.8%
Q2 24
3.3%
Q1 24
-3.8%
Capex Intensity
ASIC
ASIC
CVGI
CVGI
Q4 25
2.3%
Q3 25
1.2%
Q2 25
0.9%
Q1 25
2.2%
Q4 24
2.4%
Q3 24
1.9%
Q2 24
3.2%
Q1 24
2.6%
Cash Conversion
ASIC
ASIC
CVGI
CVGI
Q4 25
Q3 25
1.81×
Q2 25
2.88×
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

ASIC
ASIC

Segment breakdown not available.

CVGI
CVGI

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

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