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what it is
Core Molding makes lightweight molded parts for trucks, buildings, utilities, and powersports equipment across North America.
how it gets paid
Last year Cmt made $274M in revenue. building products was the main engine at $68.5M, or 25% of sales.
why it's growing
Revenue grew 266.6% last year. The number that mattered was 15.2% gross margin.
what just happened
Quarterly revenue hit $75M and EPS reached $0.36, showing the business can still print profit in a shaky demand year.
At a glance
B balance sheet — gets the job done, barely
25/100 earnings predictability — expect surprises
21.6x trailing p/e — priced about right
8.0% return on capital — nothing to write home about
$1.51 fy2024 eps est
xvary composite: 60/100 — average
What they do
Core Molding makes lightweight molded parts for trucks, buildings, utilities, and powersports equipment across North America.
CMT wins by being the factory you call when the part is big, weird, and hard to mold at scale. It runs one operating segment across four end markets and employs 1,570 people, which means your customer can buy different structural parts from the same supplier. That breadth does not make switching impossible, but it does make re-qualifying another molder slow and expensive.
How they make money
$274M
annual revenue · their business grew +266.6% last year
building products
$68.5M
utilities
$68.5M
transportation
$68.5M
powersports
$68.5M
The products that matter
molded parts for commercial vehicles
Heavy Truck Components
~$191M · roughly 70% of revenue
This is roughly $191M of the business, and it was the segment tied to the 20% revenue drop in the weak quarter. This is still the center of gravity.
70% of sales
parts for recreational vehicles
Powersports & Consumer
~$55M · roughly 20% of revenue
About one-fifth of revenue comes from here. It helps, but flat performance is not enough to offset a truck downturn on its own.
secondary buffer
industrial and building applications
Building Products & Other
~$28M · roughly 10% of revenue
Roughly $28M of revenue gives the company another lane, but not enough scale to change the story if trucking stays soft.
10% of sales
Key numbers
$1.51
fy2024 eps est
$302M
fy2024 rev est
21.6x
trailing p/e
15.2%
gross margin
Gross profit kept about 15.2% of each revenue dollar.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 2 — safer than 80% of stocks
- price stability 30 / 100
- long-term debt $21M (11% of capital)
B — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for CMT right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Quarterly revenue hit $75M and EPS reached $0.36, showing the business can still print profit in a shaky demand year.
Gross margin was 15.2% in the latest quarter, which matters because this company lives or dies on manufacturing spread, not software-style recurring revenue. The bigger picture is less pretty: full-year revenue was about $274M, down 9.5% vs. prior year.
$75M
revenue
$0.36
eps
15.2%
gross margin
the number that mattered
The number that mattered was 15.2% gross margin, because a few points of manufacturing spread can decide whether a small supplier earns money or just stays busy.
source: company earnings report, 2026
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What could go wrong
the #1 risk here is heavy truck demand staying weak while customer programs shift.
med
Heavy truck cycle
Revenue tied to heavy truck demand fell 20% in the weak quarter, and management also cited Volvo changing platforms. This is the core market, not a side segment.
Impact: that lane is roughly 70% of the revenue mix in this snapshot, or about $191M.
med
Thin margins
A 4.1% net margin and 17.4% gross margin do not leave much room for cost inflation, pricing pressure, or operational misses.
Impact: management's 2026 gross margin target is only 17–19%, so even small misses matter.
med
Customer concentration
The company relies on a handful of large manufacturers across transportation and powersports. That works until one platform shift or one sourcing change moves demand.
Impact: a single major program loss can hit a $164M market-cap company much harder than it would hit a diversified industrial.
A weak truck cycle plus a 4.1% net margin is a bad combination. The business does not need a disaster to disappoint you.
source: institutional data · regulatory filings · risk analysis
Pay attention to
core metric
Heavy truck revenue line
This segment is roughly 70% of sales. If it is still falling hard next quarter, the rebound case gets weaker fast.
margin trend
17–19% gross margin target
Management gave the band. Now you watch whether actual results land inside it or drift lower.
next print
Whether the Q4 beat repeats
One quarter beat by 56.5%. The next report tells you whether that was stabilization or just timing noise.
customer risk
Program changes at large OEMs
Volvo changing platforms already showed how customer decisions can hit results. In a business this concentrated, those changes matter quickly.
Analyst rankings
earnings predictability
25 / 100
Low predictability. In human-speak, analysts do not see this as a smooth, easy-to-model earnings story.
balance sheet grade
B
Adequate balance sheet. You are not buying a distressed company, but you are not buying a fortress either.
risk rank
2
Safer than 80% of stocks on this measure. That helps, but it does not cancel out the business cycle.
source: institutional data
Institutional activity
institutional ownership data for CMT is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$19
current price
n/a
target midpoint · n/a from current
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