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Education & training · Consumer Defensive · Fiscal year ends Jun 30
Covista reported revenue of $2B in the fiscal year ended Jun 2026, up 9.3% from the year before. Operating income was $383M, an operating margin of 19.6%, and net income was $252M. Operating cash flow of $470M less capital expenditure of $78M left free cash flow of $393M. Net debt was $257M.
Ranks among the 9 education & training companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 1,382 | 1,451 | 1,585 | 1,788 | 1,954 |
| Cost of revenue | 660 | 648 | 699 | 771 | 834 |
| Gross profit | 722 | 802 | 886 | 1,017 | 1,120 |
| Selling, general & admin | 566 | 586 | 633 | 672 | 731 |
| Operating income | 76.7 | 168 | 217 | 342 | 383 |
| Interest expense | 129 | 63.1 | 63.7 | 52.3 | 45.4 |
| Pre-tax income | −51.5 | 112 | 164 | 299 | 345 |
| Income tax | −15.5 | 10.3 | 26.2 | 65.8 | 77.7 |
| Net income | 311 | 93.4 | 137 | 237 | 252 |
| Diluted EPS | 6.43 | 2.05 | 3.39 | 6.18 | 7.04 |
| Diluted shares | 48.4 | 45.6 | 40.3 | 38.3 | 35.7 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | 347 | 272 | 219 | 200 | 406 |
| Receivables | 79.0 | 100 | 124 | 143 | 167 |
| Current assets | 557 | 480 | 418 | 416 | 652 |
| Net PP&E | 290 | 245 | 249 | 256 | 303 |
| Goodwill | 961 | 961 | 961 | 961 | 961 |
| Total assets | 3,030 | 2,811 | 2,741 | 2,752 | 3,013 |
| Payables | 57.1 | 81.8 | 103 | 105 | 125 |
| Deferred revenue | 150 | 154 | 185 | 214 | 259 |
| Current liabilities | 424 | 431 | 488 | 508 | 597 |
| Short-term debt | 0.0 | – | – | 0.0 | 5.1 |
| Long-term debt | 839 | 695 | 649 | 553 | 658 |
| Total liabilities | 1,539 | 1,353 | 1,372 | 1,319 | 1,567 |
| Shareholders' equity | 1,491 | 1,457 | 1,369 | 1,434 | 1,446 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Operating cash flow | 10.6 | 192 | 296 | 338 | 470 |
| Capital expenditure | 31.1 | 26.0 | 48.9 | 50.3 | 77.7 |
| Free cash flow | −20.5 | 166 | 247 | 288 | 393 |
| Depreciation & amortisation | 44.6 | 41.4 | 39.7 | 40.7 | 43.9 |
| Stock-based compensation | 22.6 | 14.3 | 25.9 | 41.6 | 41.2 |
| Acquisitions | 1,488 | 0.0 | 0.0 | – | – |
| Share buybacks | 120 | 123 | 262 | 213 | 240 |
| Fiscal year | Jun 2022 | Jun 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 5.0% | 9.2% | 12.9% | 9.3% |
| Operating income growth (YoY) | – | 119.1% | 29.1% | 57.4% | 12.2% |
| EPS growth (YoY) | – | −68.1% | 65.4% | 82.3% | 13.9% |
| Gross margin | 52.3% | 55.3% | 55.9% | 56.9% | 57.3% |
| Operating margin | 5.6% | 11.6% | 13.7% | 19.1% | 19.6% |
| Net margin | 22.5% | 6.4% | 8.6% | 13.3% | 12.9% |
| Return on equityBlank when equity is negative | 20.9% | 6.4% | 10.0% | 16.5% | 17.4% |
| ROCEEBIT ÷ (assets − current liabilities) | 2.9% | 7.1% | 9.6% | 15.2% | 15.9% |
| Free cash flow margin | −1.5% | 11.4% | 15.6% | 16.1% | 20.1% |
| Cash conversion (CFO ÷ net income) | 0.03x | 2.06x | 2.16x | 1.43x | 1.87x |
| Receivable days | 21 | 25 | 29 | 29 | 31 |
| Payable days | 32 | 46 | 54 | 50 | 55 |
| Interest cover | 0.59x | 2.67x | 3.41x | 6.53x | 8.44x |
| Debt ÷ equity | 0.56x | 0.48x | 0.47x | 0.39x | 0.46x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 492 | 423 | 429 | 353 | 257 |
| Current ratio | 1.32x | 1.11x | 0.86x | 0.82x | 1.09x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.