Consumer Cyclical · Auto - Parts
Price
$2.47
Market Cap
$43.0M
Employees
1,509
Beta
2.22
Avg Volume
999,777
CEO
Daniel Sceli
Business Description
Founded in 1995 and based in Vancouver, Canada, Westport Fuel Systems Inc. (formerly Westport Innovations Inc. until its name change in June 2016) is a global innovator in the engineering, production, and delivery of alternative fuel systems and their constituent components for various transportation applications. The company structures its operations around two key segments: Original Equipment Manufacturer (OEM) and Independent Aftermarket. Its comprehensive offerings support a broad spectrum of alternative fuels, including liquefied petroleum gas (LPG), compressed natural gas (CNG), liquefied natural gas (LNG), renewable natural gas (RNG), and hydrogen. Beyond complete fuel systems and individual parts, Westport also provides solutions for the independent aftermarket, light and heavy-duty OEM markets, electronics, hydrogen systems, and advanced fuel storage. A cornerstone of its technology is the Westport High Pressure Direct Injection 2.0 (HPDI 2.0), an integrated fuel system that allows diesel engines to run predominantly on natural gas, delivering power, torque, and fuel efficiency comparable to traditional compression ignition diesel engines, all while significantly reducing greenhouse gas emissions. These technologies and services are deployed across a diverse range of vehicles, from passenger cars and light-duty trucks to medium and heavy-duty trucks, alongside specialized cryogenic and hydrogen applications. Westport Fuel Systems markets its extensive product portfolio under a variety of prominent brands, including Cummins Westport, BRC Gas Equipment, Westport, OMVL, Prins, GFi Control systems, Emer, Zavoli, TA Gas Technology, Valtek, and AFS.
Business History
Price Overview
Last updated: Jun 27, 2026 10:03am (just now)$2.47
+0.12 (+5.11%)
Day Range
$2.30 – $2.54
52-Week Range
$1.54 – $4.15
50-Day MA
$2.01
200-Day MA
$1.98
Volume
384,307.00
Analyst Price Targets
Low
$9.00
Consensus
$13.00
High
$17.00
(2 analysts)
Share Structure
Outstanding
17,395,734.00
Float
14,293,901.00
Free Float
82.2%
High free float
— 82.2% of shares trade freely, ~17.8% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-0.69
Stock Price: $2.47
EPS (Diluted): -3.56
EPS (Diluted): -3.56
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.40
Stock Price: $2.47
Total Equity: $68.81M
Shares: 17,343,595
Total Equity: $68.81M
Shares: 17,343,595
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-11.94
Market Cap: $42.97M
Total Debt: $2.92M
Cash: $27.16M
EBITDA: $2.13M
Total Debt: $2.92M
Cash: $27.16M
EBITDA: $2.13M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$4.8M
Market Cap: $42.97M
Total Debt: $2.92M
Cash: $27.16M
Total Debt: $2.92M
Cash: $27.16M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
1.17
Stock Price: $2.47
Revenue: $23.32M
Shares: 17,343,595
Revenue: $23.32M
Shares: 17,343,595
EV/Sales (Total value vs revenue — works when P/E can't)
API0.21
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
11.5%
Gross Profit: $2.68M
Revenue: $23.32M
Revenue: $23.32M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-61.0%
Operating Income: -$14.23M
Revenue: $23.32M
Revenue: $23.32M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-264.3%
Net Income: -$61.63M
Revenue: $23.32M
Revenue: $23.32M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-80.7%
Net Income: -$61.63M
Total Equity: $68.81M
Total Equity: $68.81M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-28.3%
Operating Income: -$14.23M
Tax Rate: -0.5%
Equity: $68.81M
Total Debt: $2.92M
Cash: $27.16M
Tax Rate: -0.5%
Equity: $68.81M
Total Debt: $2.92M
Cash: $27.16M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
1.93
Current Assets: $41.55M
Current Liabilities: $21.55M
Current Liabilities: $21.55M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.04
Short-Term Debt: $2.92M
Long-Term Debt: $0.00
Total Debt: $2.92M
Total Equity: $68.81M
Long-Term Debt: $0.00
Total Debt: $2.92M
Total Equity: $68.81M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$1.34
Revenue: $23.32M
Shares: 17,343,595
Shares: 17,343,595
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$3.97
Total Equity: $68.81M
Shares: 17,343,595
Shares: 17,343,595
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-1.03
Operating CF: -$15.11M
CapEx: -$2.69M
Shares: 17,343,595
CapEx: -$2.69M
Shares: 17,343,595
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $2.47
Stock Price: $2.47
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$61.63M
Net Income: -$61.63M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares WPRT against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 26, 2026 5:33am (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $312.4M | $305.7M | $331.8M | $302.3M | $23.3M |
| Cost of Revenue | $264.3M | $269.5M | $282.9M | $244.7M | $20.6M |
| Gross Profit | $48.2M | $36.2M | $48.9M | $57.6M | $2.7M |
| Operating Expenses | $78.7M | $80.0M | $94.8M | $82.3M | $16.9M |
| Operating Income | -$30.5M | -$43.8M | -$45.9M | -$24.7M | -$14.2M |
| Net Income | $13.7M | -$32.7M | -$49.7M | -$21.8M | -$61.6M |
| EBITDA | $24.5M | -$16.6M | -$33.2M | -$5.4M | $2.1M |
| EPS | $0.84 | $-1.91 | $-2.95 | $-1.27 | $-3.56 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 26, 2026 5:33am (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $124.8M | $86.1M | $54.8M | $37.2M | $27.2M |
| Total Current Assets | $338.6M | $277.2M | $216.8M | $169.9M | $41.6M |
| Total Assets | $471.3M | $407.5M | $355.7M | $291.6M | $94.0M |
| Current Liabilities | $146.4M | $135.5M | $134.8M | $109.3M | $21.5M |
| Long-Term Debt | $45.1M | $32.2M | $31.0M | $19.1M | $0 |
| Total Liabilities | $234.9M | $203.5M | $195.3M | $154.6M | $25.2M |
| Total Equity | $236.4M | $204.0M | $160.4M | $137.0M | $68.8M |
| Retained Earnings | -$992.0M | -$1.0B | -$1.1B | -$1.1B | -$1.2B |
Cash Flow (Annual)
Last updated: Jun 26, 2026 5:33am (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$43.8M | -$34.6M | -$13.2M | $7.2M | -$15.1M |
| Capital Expenditure | -$14.2M | -$14.5M | -$15.6M | -$16.9M | -$2.7M |
| Free Cash Flow | -$58.0M | -$49.1M | -$28.8M | -$9.7M | -$17.8M |
| Acquisitions (net) | -$5.9M | $0 | $0 | -$9.9M | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $60.6M | -$38.7M | -$31.3M | -$17.2M | -$10.5M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 8:55am (1h ago)| Metric | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|
| Revenue |
$10.4M $9.8M – $10.8M
|
$12.5M $11.8M – $13.0M
|
$18.3M $17.2M – $19.0M
|
$36.5M $34.4M – $38.0M
|
| EBITDA |
$-5,324 $-5,540 – $-5,022
|
$-6,423 $-6,684 – $-6,059
|
$-9,354 $-9,734 – $-8,824
|
$-18,709 $-19,469 – $-17,649
|
| Net Income |
-$13.0M -$13.8M – -$12.1M
|
-$4.3M -$4.6M – -$4.0M
|
-$3.8M -$4.0M – -$3.5M
|
-$1.4M -$1.5M – -$1.3M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 26, 2026 5:33am (1d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -2.1% | +8.5% | -8.9% | -92.3% |
| Gross Profit Growth | -24.8% | +35.2% | +17.7% | -95.3% |
| Operating Income Growth | -43.5% | -4.7% | +46.2% | +42.3% |
| Net Income Growth | -339.4% | -52.1% | +56.1% | -182.2% |
| EBITDA Growth | -167.8% | -100.3% | +83.7% | +139.4% |
Insider Trading (Recent)
Last updated: Jun 27, 2026 8:55am (1h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2017-07-19 | DOUGLAS KEVIN | A-Award | 150,000.00 | $1.50 | $225,000 |
| 2020-04-29 | Wheatman Eileen | 0.00 | $0.00 | $0 | |
| 2017-07-19 | DOUGLAS KEVIN | A-Award | 600,000.00 | $1.50 | $900,000 |
| 2017-07-19 | DOUGLAS KEVIN | A-Award | 600,000.00 | $1.50 | $900,000 |
| 2017-07-19 | DOUGLAS KEVIN | A-Award | 200,000.00 | $1.50 | $300,000 |
| 2017-07-19 | DOUGLAS KEVIN | A-Award | 150,000.00 | $1.50 | $225,000 |
| 2017-06-01 | Yu Peter | 0.00 | $2.17 | $0 | |
| 2016-06-01 | DOUGLAS KEVIN | A-Award | 2,615,788.00 | $0.00 | $0 |
| 2016-06-01 | DOUGLAS KEVIN | A-Award | 2,232,300.00 | $0.00 | $0 |
| 2016-06-01 | DOUGLAS KEVIN | A-Award | 1,111,717.00 | $0.00 | $0 |
| 2016-06-01 | DOUGLAS KEVIN | A-Award | 653,944.00 | $0.00 | $0 |
| 2015-05-11 | DOUGLAS KEVIN | P-Purchase | 60,275.00 | $6.02 | $362,856 |
| 2015-05-08 | DOUGLAS KEVIN | P-Purchase | 39,725.00 | $5.69 | $226,035 |
| 2015-05-11 | DOUGLAS KEVIN | P-Purchase | 49,727.00 | $6.02 | $299,357 |
| 2015-05-08 | DOUGLAS KEVIN | P-Purchase | 32,773.00 | $5.69 | $186,478 |
| 2015-05-11 | DOUGLAS KEVIN | P-Purchase | 25,617.00 | $6.02 | $154,214 |
| 2015-05-08 | DOUGLAS KEVIN | P-Purchase | 16,883.00 | $5.69 | $96,064 |
| 2015-05-11 | DOUGLAS KEVIN | P-Purchase | 15,068.00 | $6.02 | $90,709 |
| 2015-05-08 | DOUGLAS KEVIN | P-Purchase | 9,932.00 | $5.69 | $56,513 |
| 2013-02-06 | DOUGLAS KEVIN | G-Gift | 285,703.00 | $0.00 | $0 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for WPRT — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30