Start here if you're new
what it is
Caesarstone makes engineered quartz and porcelain surfaces for kitchens, baths, walls, and floors.
how it gets paid
FY2024 revenue was about $443M (reported). United States was the main engine at roughly $219M, or about half of sales.
why growth slowed
Revenue fell about 22% vs. prior year in FY2024. The ~$443M sales base still translated into roughly a $1.13 loss per share.
what just happened
Caesarstone posted about $443M of revenue and still lost $1.13 per share in FY2024.
At a glance
n/a balance sheet
25/100 earnings predictability — expect surprises
4.4% return on capital — nothing to write home about
-$1.13 fy2024 eps est
~$443M fy2024 revenue (reported)
xvary composite: 56/100 — below average
What they do
Caesarstone makes engineered quartz and porcelain surfaces for kitchens, baths, walls, and floors.
You do not swap countertops every year. That makes the product sticky, because leaving means ripping out your kitchen. Caesarstone sells over 70 quartz colors, plus five textures and three thicknesses, so your choices feel custom even when the category is commoditized.
How they make money
$443M
annual revenue · their business grew about -22% last year (FY2024 vs FY2023)
United States
$219M
Australia
$75M
Canada
$62M
Israel
$17M
Other markets
$70M
The products that matter
engineered countertop surfaces
Engineered Quartz
$~398M · about 90% of revenue
it is the core business, generating roughly $398M of the ~$443M revenue base. it also carries the silicosis exposure that makes the turnaround harder.
core revenue base
porcelain countertop and cladding surfaces
Porcelain Surfaces
$~45M · about 10% of revenue
this is the diversification bet. at roughly $40M today, it is still small next to quartz, but management is using launches like the 2025 icon collection expansion to push mix in this direction.
turnaround lever
brand and channel relationships
Dealer and Fabricator Network
supports the full ~$443M revenue base
the products move through showrooms, dealers, and fabricators. when gross margin is only ~22%, channel execution matters because there is not much room for mistakes.
execution risk
Key numbers
$443M
revenue
Revenue → sales coming in → ~$443M (FY2024 reported) is the whole top line, and it is the number the losses have to survive.
-7.4%
operating margin
Operating margin → core profit after running the business → about -7.4% for FY2024 means operations were still underwater before taxes.
4.4%
capital return
Return on capital → profit on money tied up in the business → 4.4% tells you the cash put into this machine is working hard for little pay.
$0M
long-term debt
Long-term debt → borrowed money due later → $0M means lenders are not the problem; the business model is.
Financial health
n/a
strength
- balance sheet grade n/a
- risk rank 3 — safer than 50% of stocks
- price stability 10 / 100
- long-term debt $0M (2% of capital)
n/a — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for CSTE right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Caesarstone posted about $443M of revenue and still lost $1.13 per share in FY2024.
Revenue fell about 22% vs. prior year, and full-year gross margin was about 21.8% (improved vs the prior year but still thin for the loss level).
$443M
revenue
-$1.13
eps
21.8%
gross margin
the number that mattered
The ~$443M sales base mattered because the company still turned that into a $1.13 loss per share.
source: company FY2024 results (Businesswire / EDGAR), Yahoo Finance
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
the #1 risk is silicosis litigation tied to quartz surfaces. for Caesarstone, that is not some side issue — quartz is still roughly 90% of revenue.
high
Silicosis Litigation
the company faces legal and regulatory pressure tied to silica dust exposure from quartz fabrication. this risk sits directly on the product that still drives most of revenue.
$60M–$99M of revenue could be exposed to lawsuits, recalls, or product restrictions based on the current page data.
high
Turnaround Miss
management says adjusted EBITDA turns positive in Q3 2026. if that slips, the entire investment case has to be rewritten because there is no durable moat carrying the story.
with a -66.7% return on equity, another failed year would mean more capital erosion on top of already weak results.
med
Margin Pressure
competitors like Vicostone are operating from a stronger margin position while Caesarstone reported roughly 22% gross margin and negative operating profit. that leaves very little pricing power.
if discounting continues, a business already losing about $1.13 per share (FY2024) gets less room to fix itself.
med
Revenue Concentration in Quartz
porcelain is growing in strategic importance, but at roughly $40M it is still too small to offset major pressure in the quartz line.
roughly nine-tenths of revenue still comes from the legacy category, so diversification is not here yet.
if quartz weakens further, you are not talking about a small hit to earnings. you are talking about pressure on the core ~$398M revenue engine of a company worth only about $21M in the market.
source: institutional data · regulatory filings · risk analysis
Pay attention to
deadline
Q3 2026 adjusted EBITDA target
this is the turnaround deadline management gave you. if the business is still burning cash on an adjusted basis then, the thesis breaks.
margin
gross margin holding near ~22%
gross margin is the first sign of whether pricing, mix, and manufacturing are improving. holding ~22% is better than prior lows, but you still need operating leverage.
legal
silicosis litigation updates
new claims, settlements, or product restrictions would hit the category that still generates roughly 90% of revenue.
mix shift
porcelain gaining share
porcelain and other products are only about $45M today. you want to see that number grow fast enough to make quartz concentration less dangerous.
Analyst rankings
earnings predictability
25 / 100
earnings predictability: 25/100. in human-speak, analysts do not trust this business to produce smooth results.
risk rank
3
risk rank: 3. that reads middle-of-the-pack on paper, but the low score does not erase the reality of shrinking revenue and widening losses.
price stability
10 / 100
price stability: 10/100. this stock does not trade like a safe appliance maker. it trades like a turnaround people are still arguing about.
source: institutional data
Institutional activity
institutional ownership data for CSTE is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$2
current price
n/a
target midpoint · n/a from current
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive