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Stocks · Industrials · Engines & Turbines

WESTPORT FUEL SYSTEMS INC.

WPRT Clue Score28
Alberta, Canada Fiscal year ends December CIK 0001370416
$1.82 -2.15% Close, 9 Oct 2026
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Price $1.82 −44.51% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue167.2Operating income−125.9Net income−97.6Fiscal year 2017Revenue229.8 +37.5%Operating income−66.7Net income−10.0Fiscal year 2018Revenue270.3 +17.6%Operating income−52.7Net income−31.5Fiscal year 2019Revenue305.3 +13.0%Operating income−21.4Net income0.0Fiscal year 2020Revenue252.5 −17.3%Operating income−22.0Net income−7.4 −18,048.8%EPS, diluted−0.05Fiscal year 2021Revenue312.4 +23.7%Operating income−30.5Net income13.7EPS, diluted0.08Fiscal year 2022Revenue305.7 −2.1%Operating income−50.3Net income−32.7 −339.4%EPS, diluted−1.91Fiscal year 2023Revenue68.2 −77.7%Operating income−45.6Net income−49.7EPS, diluted−2.90Fiscal year 2024Revenue40.7 −40.3%Operating income−37.7Net income−21.8EPS, diluted−1.26Fiscal year 2025Revenue23.3 −42.7%Operating income−14.2Net income−61.6EPS, diluted−3.56
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 167.2 229.8 270.3 305.3 252.5 312.4 305.7 68.2 40.7 23.3
Growth +37.5% +17.6% +13.0% −17.3% +23.7% −2.1% −77.7% −40.3% −42.7%
Operating income −125.9 −66.7 −52.7 −21.4 −22.0 −30.5 −50.3 −45.6 −37.7 −14.2
Net income −97.6 −10.0 −31.5 0.0 −7.4 13.7 −32.7 −49.7 −21.8 −61.6
Growth −18,048.8% −339.4%
EPS, diluted n/a n/a n/a n/a −0.05 0.08 −1.91 −2.90 −1.26 −3.56

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Operating margin−75.3%Net margin−58.4%Free cash flow margin−54.1%Fiscal year 2017Operating margin−29.0%Net margin−4.3%Free cash flow margin−32.5%Fiscal year 2018Operating margin−19.5%Net margin−11.7%Free cash flow margin−14.0%Fiscal year 2019Operating margin−7.0%Net margin0.0%Free cash flow margin−8.0%Fiscal year 2020Operating margin−8.7%Net margin−2.9%Free cash flow margin−16.7%Fiscal year 2021Operating margin−9.8%Net margin4.4%Free cash flow margin−18.5%Fiscal year 2022Operating margin−16.4%Net margin−10.7%Free cash flow margin−16.0%Fiscal year 2023Gross margin0.5%Operating margin−66.9%Net margin−72.9%Free cash flow margin−28.9%Fiscal year 2024Gross margin7.0%Operating margin−92.7%Net margin−53.7%Free cash flow margin8.3%Fiscal year 2025Gross margin11.5%Operating margin−61.0%Net margin−264.3%Free cash flow margin−72.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin n/a n/a n/a n/a n/a n/a n/a 0.5% 7.0% 11.5%
Operating margin −75.3% −29.0% −19.5% −7.0% −8.7% −9.8% −16.4% −66.9% −92.7% −61.0%
Net margin −58.4% −4.3% −11.7% 0.0% −2.9% 4.4% −10.7% −72.9% −53.7% −264.3%
Free cash flow margin −54.1% −32.5% −14.0% −8.0% −16.7% −18.5% −16.0% −28.9% 8.3% −72.6%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−81.8Capital expenditure−8.7Free cash flow−90.4Fiscal year 2017Operating cash flow−49.5Capital expenditure−25.3Free cash flow−74.7Fiscal year 2018Operating cash flow−27.4Capital expenditure−10.3Free cash flow−37.7Fiscal year 2019Operating cash flow−15.7Capital expenditure−8.9Free cash flow−24.5Fiscal year 2020Operating cash flow−35.1Capital expenditure−7.1Free cash flow−42.3Fiscal year 2021Operating cash flow−43.8Capital expenditure−14.2Free cash flow−58.0Fiscal year 2022Operating cash flow−34.6Capital expenditure−14.2Free cash flow−48.9Fiscal year 2023Operating cash flow−13.2Capital expenditure−6.5Free cash flow−19.7Fiscal year 2024Operating cash flow7.2Capital expenditure−3.8Free cash flow3.4Fiscal year 2025Operating cash flow−14.2Capital expenditure−2.7Free cash flow−16.9 −602.4%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −81.8 −49.5 −27.4 −15.7 −35.1 −43.8 −34.6 −13.2 7.2 −14.2
Capital expenditure −8.7 −25.3 −10.3 −8.9 −7.1 −14.2 −14.2 −6.5 −3.8 −2.7
Free cash flow −90.4 −74.7 −37.7 −24.5 −42.3 −58.0 −48.9 −19.7 3.4 −16.9
Growth −602.4%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash60.9Shareholders’ equity85.4Fiscal year 2017Cash71.8Shareholders’ equity118.0Fiscal year 2018Cash61.1Total debt76.2Net cash (debt)−15.1Shareholders’ equity90.7Debt to equity0.84Fiscal year 2019Cash46.0Total debt67.1Net cash (debt)−21.1Shareholders’ equity89.4Debt to equity0.75Fiscal year 2020Cash64.3Total debt101.4Net cash (debt)−37.2Shareholders’ equity104.1Debt to equity0.97Fiscal year 2021Cash124.9Shareholders’ equity236.4Fiscal year 2022Cash86.2Shareholders’ equity204.0Fiscal year 2023Cash12.2Total debt29.3Net cash (debt)−17.0Shareholders’ equity160.4Debt to equity0.18Fiscal year 2024Cash14.8Shareholders’ equity137.0Fiscal year 2025Cash27.2Shareholders’ equity68.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 60.9 71.8 61.1 46.0 64.3 124.9 86.2 12.2 14.8 27.2
Total debt n/a n/a 76.2 67.1 101.4 n/a n/a 29.3 n/a n/a
Net cash (debt) n/a n/a −15.1 −21.1 −37.2 n/a n/a −17.0 n/a n/a
Shareholders’ equity 85.4 118.0 90.7 89.4 104.1 236.4 204.0 160.4 137.0 68.8
Debt to equity n/a n/a 0.84 0.75 0.97 n/a n/a 0.18 n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022† 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
167.2 229.8 270.3 305.3 252.5 312.4 305.7 68.2 40.7 23.3
Growth +37.5% +17.6% +13.0% −17.3% +23.7% −2.1% −77.7% −40.3% −42.7%
293.1 296.5 323.0 237.1 213.0 264.3 269.5 67.8 37.9 20.6
n/a n/a n/a n/a n/a n/a n/a 0.4 2.8 2.7
Growth +689.7% −5.7%
55.5 50.1 30.6 25.2 21.0 25.2 23.5 12.8 9.5 5.8
44.8 47.4 51.1 41.3 26.6 36.3 37.0 25.1 20.7 14.0
−125.9 −66.7 −52.7 −21.4 −22.0 −30.5 −50.3 −45.6 −37.7 −14.2
Growth
−96.7 −67.3 −38.7 2.1 −5.9 5.5 −31.3 −48.1 −30.8 −29.4
4.0 −4.4 2.1 2.0 1.4 −8.1 1.4 0.3 0.5 0.1
−97.6 −10.0 −31.5 0.0 −7.4 13.7 −32.7 −49.7 −21.8 −61.6
Growth −18,048.8% −339.4%
Per share
n/a n/a n/a n/a −0.05 0.09 −1.91 −2.90 −1.26 −3.56
n/a n/a n/a n/a −0.05 0.08 −1.91 −2.90 −1.26 −3.56
Growth −2,487.5%
91.0 119.6 n/a 134.2 137.1 160.2 17.1 17.2 17.2 17.3
n/a n/a n/a 144.1 137.1 162.1 17.1 17.2 17.2 17.3
Growth −4.8% +18.2% −89.4% +0.3% +0.4% +0.6%

† The diluted share count jumps at 2022, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 37.9% a year over five years.
  • Operating margin is down 52.3 points on five years ago, at -61.0%.
  • A net loss in 8 of 10 years on file.