KVH Industries (KVHI) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

KVH Industries

NasdaqGS•Communication Services•Telecom Services

$7.24+0.03(<0.01%)Pre-market

Market Cap

$139.83M

P/S

1.1x

P/B

1.1x

KVH Industries, Inc., together with its subsidiaries, designs, develops, manufactures, and markets mobile connectivity and managed services for the marine and land mobile markets. The company offers Internet and VoIP airtime services; AgilePlans, a connectivity as a Service solution; CommBox, a data management software for maritime communications; CommBox Edge, an advanced maritime network optimization and management solution; KVH Link, a crew wellbeing content subscription service; KVH ONE, a global hybrid communication network supporting Internet, VoIP, content delivery, and other; and KVH OneCare, a services and support for TracNet and TracPhone systems. It also provides MOVIElink, a movie distribution solution; MUSIClink, a music and karaoke delivery solution; NEWSlink, a maritime news delivery solution; OpenNet, a KVH VSAT data delivering service for non-KVH Ku-band VSAT terminals; TracNet, an integrated hybrid two-way communication terminal with VSAT, 5G/LTE, and shore-based Wi-Fi; TracPhone, a two-way VSAT-only satellite communications system; TracVision, a satellite television antenna system for vessels, recreational vehicles; TVlink, a television programming delivery solution; and Starlink terminals and data services. It sells its mobile communications products through a network of independent retailers, chain stores, distributors, and service providers, as well as to manufacturers of vessels, maritime equipment, and vehicles in the United States, Singapore, Canada, South American countries, European Union, European countries, Africa, the Middle East, the Asia Pacific, India, and internationally. KVH Industries, Inc. was founded in 1982 and is headquartered in Middletown, Rhode Island.

How this company scores

AverageMetricSide Score: 57/100

Strongest: Growth (19/25); weakest: Cash & Earnings Quality (11/25).

Profitability12/25

Growth19/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality11/25

Strengths

Growing revenueLong cash runwayInterest easily coveredNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 5.6x5y range 5.6x – 8.7x

Currently below its 4-quarter median.

P/S · 1.1x5y range 0.7x – 1.6x

Currently near its 20-quarter median.

P/B · 1.1x5y range 0.6x – 1.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $139.83M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $125.01M
Q. Revenue: $33.72M
TTM EBITDA: $1.21M
TTM Op. Income: $-8.75M
Q. Op. Income: $-76,000
TTM Net Income: $-5.85M
Q. Net Income: $163,000
EPS: $0.01
Shares Out.: $19.39M

$125.01M in TTM revenue grew 15.8% YoY, reaching $33.72M last quarter. TTM EBITDA of $1.21M and TTM operating income of $-8.75M show growth is flowing through to the bottom line. However, net income is negative at $5.85M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 30.6%
EBITDA Margin: 6.6%
Op. Margin: -0.2%
Net Margin: 0.5%

Op. margin of -0.2% is up 1.2% YoY — cost efficiency is improving. Net margin at 0.5% and gross margin of 30.6% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.1x
P/B Ratio: 1.1x

P/S of 1.1x and P/B of 1.1x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $151.00M
Cash: $57.72M
Long-Term Debt: N/A
Book Value: $130.44M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.88M
TTM Free Cash Flow: $-744,000
FCF Margin: -0.6%
FCF / Net Income: 0.1

TTM FCF of $-744,000 on $1.88M in operating cash flow. The FCF / Net Income ratio of 0.1x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.