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Side-by-side financial comparison of CVD EQUIPMENT CORP (CVV) and Virgin Galactic Holdings, Inc (SPCE). Click either name above to swap in a different company.

CVD EQUIPMENT CORP is the larger business by last-quarter revenue ($5.0M vs $4.2M, roughly 1.2× Virgin Galactic Holdings, Inc). CVD EQUIPMENT CORP runs the higher net margin — -25.6% vs -2222.2%, a 2196.5% gap on every dollar of revenue. On growth, Virgin Galactic Holdings, Inc posted the faster year-over-year revenue change (125.5% vs -33.2%). CVD EQUIPMENT CORP produced more free cash flow last quarter ($396.0K vs $-113.5M).

CVD Equipment Corp designs, manufactures and supplies custom chemical vapor deposition systems, thermal processing equipment and related process control solutions. Its offerings cater to semiconductor manufacturing, renewable energy, aerospace, and advanced materials research segments, serving commercial and academic customers globally.

Virgin Galactic Holdings, Inc. is a British-American spaceflight company founded by Richard Branson and the Virgin Group conglomerate, which retains an 11.9% stake through Virgin Investments Limited.

CVV vs SPCE — Head-to-Head

Bigger by revenue
CVV
CVV
1.2× larger
CVV
$5.0M
$4.2M
SPCE
Growing faster (revenue YoY)
SPCE
SPCE
+158.8% gap
SPCE
125.5%
-33.2%
CVV
Higher net margin
CVV
CVV
2196.5% more per $
CVV
-25.6%
-2222.2%
SPCE
More free cash flow
CVV
CVV
$113.9M more FCF
CVV
$396.0K
$-113.5M
SPCE

Income Statement — Q4 FY2025 vs Q2 FY2024

Metric
CVV
CVV
SPCE
SPCE
Revenue
$5.0M
$4.2M
Net Profit
$-1.3M
$-93.8M
Gross Margin
22.2%
-546.6%
Operating Margin
-27.2%
-2412.1%
Net Margin
-25.6%
-2222.2%
Revenue YoY
-33.2%
125.5%
Net Profit YoY
-1060.6%
30.2%
EPS (diluted)
$-0.19
$-4.36

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
CVV
CVV
SPCE
SPCE
Q4 25
$5.0M
Q3 25
$7.4M
Q2 25
$5.1M
Q1 25
$8.3M
Q4 24
$7.4M
Q3 24
$8.2M
Q2 24
$6.3M
$4.2M
Q1 24
$4.9M
$2.0M
Net Profit
CVV
CVV
SPCE
SPCE
Q4 25
$-1.3M
Q3 25
$384.0K
Q2 25
$-1.1M
Q1 25
$360.0K
Q4 24
$132.0K
Q3 24
$203.0K
Q2 24
$-761.0K
$-93.8M
Q1 24
$-1.5M
$-102.0M
Gross Margin
CVV
CVV
SPCE
SPCE
Q4 25
22.2%
Q3 25
32.7%
Q2 25
21.0%
Q1 25
32.4%
Q4 24
26.3%
Q3 24
21.5%
Q2 24
24.3%
-546.6%
Q1 24
16.2%
-1038.1%
Operating Margin
CVV
CVV
SPCE
SPCE
Q4 25
-27.2%
Q3 25
4.2%
Q2 25
-22.3%
Q1 25
3.2%
Q4 24
0.4%
Q3 24
0.9%
Q2 24
-14.2%
-2412.1%
Q1 24
-33.0%
-5599.9%
Net Margin
CVV
CVV
SPCE
SPCE
Q4 25
-25.6%
Q3 25
5.2%
Q2 25
-20.8%
Q1 25
4.3%
Q4 24
1.8%
Q3 24
2.5%
Q2 24
-12.0%
-2222.2%
Q1 24
-29.9%
-5139.1%
EPS (diluted)
CVV
CVV
SPCE
SPCE
Q4 25
$-0.19
Q3 25
$0.06
Q2 25
$-0.15
Q1 25
$0.05
Q4 24
$0.02
Q3 24
$0.03
Q2 24
$-0.11
$-4.36
Q1 24
$-0.22
$-5.10

Balance Sheet & Financial Strength

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

Metric
CVV
CVV
SPCE
SPCE
Cash + ST InvestmentsLiquidity on hand
$8.7M
$775.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$24.7M
$394.8M
Total Assets
$27.5M
$1.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVV
CVV
SPCE
SPCE
Q4 25
$8.7M
Q3 25
$8.4M
Q2 25
$7.0M
Q1 25
$10.2M
Q4 24
$12.6M
Q3 24
$10.0M
Q2 24
$10.0M
$775.7M
Q1 24
$11.9M
$765.2M
Total Debt
CVV
CVV
SPCE
SPCE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$268.0K
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CVV
CVV
SPCE
SPCE
Q4 25
$24.7M
Q3 25
$25.8M
Q2 25
$25.2M
Q1 25
$26.0M
Q4 24
$25.4M
Q3 24
$25.0M
Q2 24
$24.5M
$394.8M
Q1 24
$25.0M
$417.6M
Total Assets
CVV
CVV
SPCE
SPCE
Q4 25
$27.5M
Q3 25
$29.8M
Q2 25
$29.9M
Q1 25
$31.1M
Q4 24
$31.7M
Q3 24
$31.8M
Q2 24
$33.8M
$1.1B
Q1 24
$35.4M
$1.1B
Debt / Equity
CVV
CVV
SPCE
SPCE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.01×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
CVV
CVV
SPCE
SPCE
Operating Cash FlowLast quarter
$397.0K
$-79.1M
Free Cash FlowOCF − Capex
$396.0K
$-113.5M
FCF MarginFCF / Revenue
8.0%
-2690.7%
Capex IntensityCapex / Revenue
0.0%
815.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-458.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVV
CVV
SPCE
SPCE
Q4 25
$397.0K
Q3 25
$1.4M
Q2 25
$-3.2M
Q1 25
$-2.3M
Q4 24
$2.3M
Q3 24
$32.0K
Q2 24
$-1.7M
$-79.1M
Q1 24
$-2.0M
$-113.2M
Free Cash Flow
CVV
CVV
SPCE
SPCE
Q4 25
$396.0K
Q3 25
Q2 25
$-3.2M
Q1 25
$-2.3M
Q4 24
$2.1M
Q3 24
$-5.0K
Q2 24
$-1.8M
$-113.5M
Q1 24
$-2.1M
$-126.3M
FCF Margin
CVV
CVV
SPCE
SPCE
Q4 25
8.0%
Q3 25
Q2 25
-62.1%
Q1 25
-27.7%
Q4 24
28.8%
Q3 24
-0.1%
Q2 24
-29.0%
-2690.7%
Q1 24
-42.9%
-6362.8%
Capex Intensity
CVV
CVV
SPCE
SPCE
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.5%
Q4 24
1.5%
Q3 24
0.5%
Q2 24
1.8%
815.5%
Q1 24
1.4%
658.5%
Cash Conversion
CVV
CVV
SPCE
SPCE
Q4 25
Q3 25
3.53×
Q2 25
Q1 25
-6.28×
Q4 24
17.05×
Q3 24
0.16×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVV
CVV

Transferred Over Time$3.8M76%
Transferred At Point In Time$1.2M24%

SPCE
SPCE

Segment breakdown not available.

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