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Side-by-side financial comparison of BLACKBERRY Ltd (BB) 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 $141.8M, roughly 1.1× BLACKBERRY Ltd). On growth, BLACKBERRY Ltd posted the faster year-over-year revenue change (-0.8% vs -5.2%). BLACKBERRY Ltd produced more free cash flow last quarter ($17.4M vs $8.7M). Over the past eight quarters, BLACKBERRY Ltd's revenue compounded faster (17.8% CAGR vs -10.8%).
BlackBerry Limited, formerly Research In Motion (RIM), is a Canadian software company specializing in secure communications and the Internet of Things (IoT). Founded in 1984, it developed the BlackBerry brand of two-way pagers, smartphones, and tablets. The company later transitioned to providing software and services and holds critical software application patents.
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 ...
BB vs CVGI — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $141.8M | $154.8M |
| Net Profit | $13.7M | — |
| Gross Margin | 77.5% | 9.7% |
| Operating Margin | 8.4% | -1.2% |
| Net Margin | 9.7% | — |
| Revenue YoY | -0.8% | -5.2% |
| Net Profit YoY | 224.5% | — |
| EPS (diluted) | $0.02 | — |
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.
| Q4 25 | $141.8M | $154.8M | ||
| Q3 25 | $129.6M | $152.5M | ||
| Q2 25 | $121.7M | $172.0M | ||
| Q1 25 | $141.7M | $169.8M | ||
| Q4 24 | $143.6M | $163.3M | ||
| Q3 24 | $126.2M | $171.8M | ||
| Q2 24 | $123.4M | $193.7M | ||
| Q1 24 | $102.1M | $194.6M |
| Q4 25 | $13.7M | — | ||
| Q3 25 | $13.3M | $-7.1M | ||
| Q2 25 | $1.9M | $-4.8M | ||
| Q1 25 | $-7.4M | $-4.3M | ||
| Q4 24 | $-10.5M | — | ||
| Q3 24 | $-19.7M | $9.5M | ||
| Q2 24 | $-41.4M | $-1.6M | ||
| Q1 24 | $-56.2M | $2.9M |
| Q4 25 | 77.5% | 9.7% | ||
| Q3 25 | 74.5% | 10.5% | ||
| Q2 25 | 74.2% | 11.4% | ||
| Q1 25 | 73.5% | 10.5% | ||
| Q4 24 | 78.1% | 8.0% | ||
| Q3 24 | 70.2% | 9.6% | ||
| Q2 24 | 72.9% | 10.6% | ||
| Q1 24 | — | 11.9% |
| Q4 25 | 8.4% | -1.2% | ||
| Q3 25 | 8.9% | -0.7% | ||
| Q2 25 | 1.6% | 0.5% | ||
| Q1 25 | -5.6% | 0.8% | ||
| Q4 24 | 13.6% | -3.2% | ||
| Q3 24 | 1.7% | -0.6% | ||
| Q2 24 | -10.5% | 0.5% | ||
| Q1 24 | 50.0% | 2.3% |
| Q4 25 | 9.7% | — | ||
| Q3 25 | 10.3% | -4.6% | ||
| Q2 25 | 1.6% | -2.8% | ||
| Q1 25 | -5.2% | -2.5% | ||
| Q4 24 | -7.3% | — | ||
| Q3 24 | -15.6% | 5.5% | ||
| Q2 24 | -33.5% | -0.8% | ||
| Q1 24 | -55.0% | 1.5% |
| Q4 25 | $0.02 | — | ||
| Q3 25 | $0.02 | — | ||
| Q2 25 | $0.00 | — | ||
| Q1 25 | $-0.01 | — | ||
| Q4 24 | $-0.02 | — | ||
| Q3 24 | $-0.03 | — | ||
| Q2 24 | $-0.07 | $-0.05 | ||
| Q1 24 | $-0.08 | $0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $304.2M | — |
| Total DebtLower is stronger | $196.2M | $104.9M |
| Stockholders' EquityBook value | $741.1M | $133.4M |
| Total Assets | $1.2B | $391.7M |
| Debt / EquityLower = less leverage | 0.26× | 0.79× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $304.2M | — | ||
| Q3 25 | $290.5M | — | ||
| Q2 25 | $306.6M | — | ||
| Q1 25 | $337.8M | — | ||
| Q4 24 | $220.0M | — | ||
| Q3 24 | $211.0M | — | ||
| Q2 24 | $229.0M | — | ||
| Q1 24 | $237.1M | — |
| Q4 25 | $196.2M | $104.9M | ||
| Q3 25 | $195.9M | $108.2M | ||
| Q2 25 | $195.6M | $118.2M | ||
| Q1 25 | $195.3M | $117.4M | ||
| Q4 24 | — | $135.5M | ||
| Q3 24 | — | $128.8M | ||
| Q2 24 | — | $142.0M | ||
| Q1 24 | $194.1M | $155.7M |
| Q4 25 | $741.1M | $133.4M | ||
| Q3 25 | $725.1M | $136.5M | ||
| Q2 25 | $725.1M | $142.6M | ||
| Q1 25 | $719.9M | $136.7M | ||
| Q4 24 | $725.2M | $135.6M | ||
| Q3 24 | $732.1M | $179.3M | ||
| Q2 24 | $742.6M | $169.6M | ||
| Q1 24 | $775.1M | $175.5M |
| Q4 25 | $1.2B | $391.7M | ||
| Q3 25 | $1.2B | $400.3M | ||
| Q2 25 | $1.2B | $429.8M | ||
| Q1 25 | $1.3B | $419.8M | ||
| Q4 24 | $1.3B | $424.6M | ||
| Q3 24 | $1.3B | $495.3M | ||
| Q2 24 | $1.3B | $503.2M | ||
| Q1 24 | $1.4B | $509.2M |
| Q4 25 | 0.26× | 0.79× | ||
| Q3 25 | 0.27× | 0.79× | ||
| Q2 25 | 0.27× | 0.83× | ||
| Q1 25 | 0.27× | 0.86× | ||
| Q4 24 | — | 1.00× | ||
| Q3 24 | — | 0.72× | ||
| Q2 24 | — | 0.84× | ||
| Q1 24 | 0.25× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $18.3M | $12.3M |
| Free Cash FlowOCF − Capex | $17.4M | $8.7M |
| FCF MarginFCF / Revenue | 12.3% | 5.6% |
| Capex IntensityCapex / Revenue | 0.6% | 2.3% |
| Cash ConversionOCF / Net Profit | 1.34× | — |
| TTM Free Cash FlowTrailing 4 quarters | $42.8M | $34.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $18.3M | $12.3M | ||
| Q3 25 | $3.9M | $-1.7M | ||
| Q2 25 | $-18.0M | $18.9M | ||
| Q1 25 | $41.6M | $15.2M | ||
| Q4 24 | $6.0M | $-26.6M | ||
| Q3 24 | $-16.0M | $-17.1M | ||
| Q2 24 | $-15.1M | $12.6M | ||
| Q1 24 | $-15.5M | $-2.4M |
| Q4 25 | $17.4M | $8.7M | ||
| Q3 25 | $3.1M | $-3.5M | ||
| Q2 25 | $-18.9M | $17.4M | ||
| Q1 25 | $41.2M | $11.4M | ||
| Q4 24 | $5.2M | $-30.6M | ||
| Q3 24 | $-16.5M | $-20.3M | ||
| Q2 24 | $-16.5M | $6.4M | ||
| Q1 24 | $-17.6M | $-7.4M |
| Q4 25 | 12.3% | 5.6% | ||
| Q3 25 | 2.4% | -2.3% | ||
| Q2 25 | -15.5% | 10.1% | ||
| Q1 25 | 29.1% | 6.7% | ||
| Q4 24 | 3.6% | -18.7% | ||
| Q3 24 | -13.1% | -11.8% | ||
| Q2 24 | -13.4% | 3.3% | ||
| Q1 24 | -17.2% | -3.8% |
| Q4 25 | 0.6% | 2.3% | ||
| Q3 25 | 0.6% | 1.2% | ||
| Q2 25 | 0.7% | 0.9% | ||
| Q1 25 | 0.3% | 2.2% | ||
| Q4 24 | 0.6% | 2.4% | ||
| Q3 24 | 0.4% | 1.9% | ||
| Q2 24 | 1.1% | 3.2% | ||
| Q1 24 | 2.1% | 2.6% |
| Q4 25 | 1.34× | — | ||
| Q3 25 | 0.29× | — | ||
| Q2 25 | -9.47× | — | ||
| 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
BB
| QNX | $68.7M | 48% |
| Secure Communication | $67.0M | 47% |
| Licensing | $6.1M | 4% |
CVGI
| Global Seating | $70.7M | 46% |
| Global Electrical Systems | $49.7M | 32% |
| Trim Systems And Components | $34.4M | 22% |
