CVSACovista Inc.
Services-Educational Services
- Revenue
- $2.0B
- 9.3% YoY
- Operating margin
- 19.6%
- 2.7% YoY
- EBITDA
- $427M
- 12% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 0.7×
- $278M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear187% of net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear51% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear33% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.5B | $1.6B | $1.8B | $2.0B | 9.3% |
| Operating income | $77M | $168M | $217M | $342M | $383M | 12% |
| Net income | $311M | $93M | $137M | $237M | $252M | 6.1% |
| Operating cash flow | $11M | $192M | $296M | $338M | $470M | 39% |
| Capex | $31M | $26M | $49M | $50M | $78M | 54% |
| Stock-based comp | $23M | $14M | $26M | $42M | $41M | 0.9% |
| Buybacks | $120M | $123M | $262M | $213M | $240M | 13% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $1M · 2
- Net
- −$1M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 350 | 226 |
| FY2025 | — | — | 357 | 205 |
| FY2024 | — | — | 191 | 157 |
| FY2023 | — | — | 96 | 111 |
| FY2022 | — | — | 101 | 105 |