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

Ultragenyx Pharmaceutical Inc. is the larger business by last-quarter revenue ($207.3M vs $154.8M, roughly 1.3× Commercial Vehicle Group, Inc.). On growth, Ultragenyx Pharmaceutical Inc. posted the faster year-over-year revenue change (25.9% vs -5.2%). Commercial Vehicle Group, Inc. produced more free cash flow last quarter ($8.7M vs $-100.8M). Over the past eight quarters, Ultragenyx Pharmaceutical Inc.'s revenue compounded faster (38.0% CAGR vs -10.8%).

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 ...

Ultragenyx Pharmaceutical Inc. is an American biopharmaceutical company involved in the research and development of novel products for treatment of rare and ultra-rare genetic diseases for which there are typically no approved treatments and high unmet medical need. The company works with multiple drug modalities including biologics, small molecule, gene therapies, and ASO and mRNAs in the disease categories of bone, endocrine, metabolic, muscle and CNS diseases.

CVGI vs RARE — Head-to-Head

Bigger by revenue
RARE
RARE
1.3× larger
RARE
$207.3M
$154.8M
CVGI
Growing faster (revenue YoY)
RARE
RARE
+31.1% gap
RARE
25.9%
-5.2%
CVGI
More free cash flow
CVGI
CVGI
$109.5M more FCF
CVGI
$8.7M
$-100.8M
RARE
Faster 2-yr revenue CAGR
RARE
RARE
Annualised
RARE
38.0%
-10.8%
CVGI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CVGI
CVGI
RARE
RARE
Revenue
$154.8M
$207.3M
Net Profit
$-128.6M
Gross Margin
9.7%
Operating Margin
-1.2%
-54.7%
Net Margin
-62.0%
Revenue YoY
-5.2%
25.9%
Net Profit YoY
3.5%
EPS (diluted)
$-1.28

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
RARE
RARE
Q4 25
$154.8M
$207.3M
Q3 25
$152.5M
$159.9M
Q2 25
$172.0M
$166.5M
Q1 25
$169.8M
$139.3M
Q4 24
$163.3M
$164.6M
Q3 24
$171.8M
$139.5M
Q2 24
$193.7M
$147.0M
Q1 24
$194.6M
$108.8M
Net Profit
CVGI
CVGI
RARE
RARE
Q4 25
$-128.6M
Q3 25
$-7.1M
$-180.4M
Q2 25
$-4.8M
$-115.0M
Q1 25
$-4.3M
$-151.1M
Q4 24
$-133.2M
Q3 24
$9.5M
$-133.5M
Q2 24
$-1.6M
$-131.6M
Q1 24
$2.9M
$-170.7M
Gross Margin
CVGI
CVGI
RARE
RARE
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
RARE
RARE
Q4 25
-1.2%
-54.7%
Q3 25
-0.7%
-106.9%
Q2 25
0.5%
-64.8%
Q1 25
0.8%
-102.6%
Q4 24
-3.2%
-74.3%
Q3 24
-0.6%
-94.6%
Q2 24
0.5%
-79.1%
Q1 24
2.3%
-151.9%
Net Margin
CVGI
CVGI
RARE
RARE
Q4 25
-62.0%
Q3 25
-4.6%
-112.8%
Q2 25
-2.8%
-69.0%
Q1 25
-2.5%
-108.5%
Q4 24
-80.9%
Q3 24
5.5%
-95.7%
Q2 24
-0.8%
-89.5%
Q1 24
1.5%
-156.8%
EPS (diluted)
CVGI
CVGI
RARE
RARE
Q4 25
$-1.28
Q3 25
$-1.81
Q2 25
$-1.17
Q1 25
$-1.57
Q4 24
$-1.34
Q3 24
$-1.40
Q2 24
$-0.05
$-1.52
Q1 24
$0.09
$-2.03

Balance Sheet & Financial Strength

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

Metric
CVGI
CVGI
RARE
RARE
Cash + ST InvestmentsLiquidity on hand
$421.0M
Total DebtLower is stronger
$104.9M
Stockholders' EquityBook value
$133.4M
$-80.0M
Total Assets
$391.7M
$1.5B
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVGI
CVGI
RARE
RARE
Q4 25
$421.0M
Q3 25
$202.5M
Q2 25
$176.3M
Q1 25
$127.1M
Q4 24
$174.0M
Q3 24
$150.6M
Q2 24
$480.7M
Q1 24
$112.3M
Total Debt
CVGI
CVGI
RARE
RARE
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
RARE
RARE
Q4 25
$133.4M
$-80.0M
Q3 25
$136.5M
$9.2M
Q2 25
$142.6M
$151.3M
Q1 25
$136.7M
$144.2M
Q4 24
$135.6M
$255.0M
Q3 24
$179.3M
$346.8M
Q2 24
$169.6M
$432.4M
Q1 24
$175.5M
$140.3M
Total Assets
CVGI
CVGI
RARE
RARE
Q4 25
$391.7M
$1.5B
Q3 25
$400.3M
$1.2B
Q2 25
$429.8M
$1.3B
Q1 25
$419.8M
$1.3B
Q4 24
$424.6M
$1.5B
Q3 24
$495.3M
$1.5B
Q2 24
$503.2M
$1.6B
Q1 24
$509.2M
$1.3B
Debt / Equity
CVGI
CVGI
RARE
RARE
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
RARE
RARE
Operating Cash FlowLast quarter
$12.3M
$-99.8M
Free Cash FlowOCF − Capex
$8.7M
$-100.8M
FCF MarginFCF / Revenue
5.6%
-48.6%
Capex IntensityCapex / Revenue
2.3%
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$34.0M
$-472.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVGI
CVGI
RARE
RARE
Q4 25
$12.3M
$-99.8M
Q3 25
$-1.7M
$-91.4M
Q2 25
$18.9M
$-108.3M
Q1 25
$15.2M
$-166.5M
Q4 24
$-26.6M
$-79.3M
Q3 24
$-17.1M
$-67.0M
Q2 24
$12.6M
$-77.0M
Q1 24
$-2.4M
$-190.7M
Free Cash Flow
CVGI
CVGI
RARE
RARE
Q4 25
$8.7M
$-100.8M
Q3 25
$-3.5M
$-92.7M
Q2 25
$17.4M
$-110.7M
Q1 25
$11.4M
$-167.8M
Q4 24
$-30.6M
$-79.5M
Q3 24
$-20.3M
$-68.6M
Q2 24
$6.4M
$-79.0M
Q1 24
$-7.4M
$-193.9M
FCF Margin
CVGI
CVGI
RARE
RARE
Q4 25
5.6%
-48.6%
Q3 25
-2.3%
-58.0%
Q2 25
10.1%
-66.5%
Q1 25
6.7%
-120.5%
Q4 24
-18.7%
-48.3%
Q3 24
-11.8%
-49.2%
Q2 24
3.3%
-53.7%
Q1 24
-3.8%
-178.2%
Capex Intensity
CVGI
CVGI
RARE
RARE
Q4 25
2.3%
0.5%
Q3 25
1.2%
0.8%
Q2 25
0.9%
1.5%
Q1 25
2.2%
1.0%
Q4 24
2.4%
0.1%
Q3 24
1.9%
1.2%
Q2 24
3.2%
1.4%
Q1 24
2.6%
3.0%
Cash Conversion
CVGI
CVGI
RARE
RARE
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

CVGI
CVGI

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

RARE
RARE

Royalty$105.6M51%
Products$101.7M49%

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