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Side-by-side financial comparison of Commercial Vehicle Group, Inc. (CVGI) and Liquidia Corp (LQDA). 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 $92.0M, roughly 1.7× Liquidia Corp). On growth, Liquidia Corp posted the faster year-over-year revenue change (3054.6% vs -5.2%). Liquidia Corp produced more free cash flow last quarter ($42.2M vs $8.7M).

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 ...

Liquidia Corp is a late-stage biopharmaceutical firm focused on developing and commercializing innovative inhaled therapies for respiratory and rare diseases. It uses its proprietary PRINT particle engineering tech to create optimized drug products, with core markets in North America covering pulmonary arterial hypertension and asthma indications.

CVGI vs LQDA — Head-to-Head

Bigger by revenue
CVGI
CVGI
1.7× larger
CVGI
$154.8M
$92.0M
LQDA
Growing faster (revenue YoY)
LQDA
LQDA
+3059.9% gap
LQDA
3054.6%
-5.2%
CVGI
More free cash flow
LQDA
LQDA
$33.5M more FCF
LQDA
$42.2M
$8.7M
CVGI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CVGI
CVGI
LQDA
LQDA
Revenue
$154.8M
$92.0M
Net Profit
$14.6M
Gross Margin
9.7%
Operating Margin
-1.2%
21.5%
Net Margin
15.8%
Revenue YoY
-5.2%
3054.6%
Net Profit YoY
137.9%
EPS (diluted)
$0.18

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
CVGI
CVGI
LQDA
LQDA
Q4 25
$154.8M
$92.0M
Q3 25
$152.5M
$54.3M
Q2 25
$172.0M
Q1 25
$169.8M
Q4 24
$163.3M
Q3 24
$171.8M
Q2 24
$193.7M
Q1 24
$194.6M
Net Profit
CVGI
CVGI
LQDA
LQDA
Q4 25
$14.6M
Q3 25
$-7.1M
$-3.5M
Q2 25
$-4.8M
Q1 25
$-4.3M
Q4 24
Q3 24
$9.5M
Q2 24
$-1.6M
Q1 24
$2.9M
Gross Margin
CVGI
CVGI
LQDA
LQDA
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
CVGI
CVGI
LQDA
LQDA
Q4 25
-1.2%
21.5%
Q3 25
-0.7%
3.3%
Q2 25
0.5%
Q1 25
0.8%
Q4 24
-3.2%
Q3 24
-0.6%
Q2 24
0.5%
Q1 24
2.3%
Net Margin
CVGI
CVGI
LQDA
LQDA
Q4 25
15.8%
Q3 25
-4.6%
-6.5%
Q2 25
-2.8%
Q1 25
-2.5%
Q4 24
Q3 24
5.5%
Q2 24
-0.8%
Q1 24
1.5%
EPS (diluted)
CVGI
CVGI
LQDA
LQDA
Q4 25
$0.18
Q3 25
$-0.04
Q2 25
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
CVGI
CVGI
LQDA
LQDA
Cash + ST InvestmentsLiquidity on hand
$190.7M
Total DebtLower is stronger
$104.9M
Stockholders' EquityBook value
$133.4M
$44.7M
Total Assets
$391.7M
$327.9M
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVGI
CVGI
LQDA
LQDA
Q4 25
$190.7M
Q3 25
$157.5M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
CVGI
CVGI
LQDA
LQDA
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
CVGI
CVGI
LQDA
LQDA
Q4 25
$133.4M
$44.7M
Q3 25
$136.5M
$22.1M
Q2 25
$142.6M
Q1 25
$136.7M
Q4 24
$135.6M
Q3 24
$179.3M
Q2 24
$169.6M
Q1 24
$175.5M
Total Assets
CVGI
CVGI
LQDA
LQDA
Q4 25
$391.7M
$327.9M
Q3 25
$400.3M
$276.0M
Q2 25
$429.8M
Q1 25
$419.8M
Q4 24
$424.6M
Q3 24
$495.3M
Q2 24
$503.2M
Q1 24
$509.2M
Debt / Equity
CVGI
CVGI
LQDA
LQDA
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
CVGI
CVGI
LQDA
LQDA
Operating Cash FlowLast quarter
$12.3M
$44.2M
Free Cash FlowOCF − Capex
$8.7M
$42.2M
FCF MarginFCF / Revenue
5.6%
45.9%
Capex IntensityCapex / Revenue
2.3%
2.2%
Cash ConversionOCF / Net Profit
3.04×
TTM Free Cash FlowTrailing 4 quarters
$34.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVGI
CVGI
LQDA
LQDA
Q4 25
$12.3M
$44.2M
Q3 25
$-1.7M
$-9.8M
Q2 25
$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
CVGI
CVGI
LQDA
LQDA
Q4 25
$8.7M
$42.2M
Q3 25
$-3.5M
$-10.7M
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
CVGI
CVGI
LQDA
LQDA
Q4 25
5.6%
45.9%
Q3 25
-2.3%
-19.7%
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
CVGI
CVGI
LQDA
LQDA
Q4 25
2.3%
2.2%
Q3 25
1.2%
1.7%
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
CVGI
CVGI
LQDA
LQDA
Q4 25
3.04×
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

CVGI
CVGI

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

LQDA
LQDA

Segment breakdown not available.

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