Coda Octopus Group

CODA

Aerospace & Defense · Industrials

Exchange

NASDAQ

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Apr 30, 2026

How the score breaks down

Quality

Good

Growth

Good

Cash Flow

Exceptional

Stability

Good

Valuation

Strong

Track this stock — start free trial

Winston Score History

The full picture

Coda Octopus Group makes underwater imaging and mapping technology used by companies and governments that work beneath the ocean's surface. Its core products include real-time 3D sonar systems and software that help customers survey the seafloor, inspect underwater structures, and support marine construction. The company sells to offshore energy operators, navies, port authorities, and scientific research organizations.

Coda Octopus earns revenue by selling hardware systems and software licenses, and it also generates recurring income through software maintenance contracts and data services. The company operates primarily in the United States, Europe, and the Asia-Pacific region, and with a market cap around $100 million it is a small, specialized player in a niche corner of the defense and marine technology market. Its deep expertise in subsea 3D imaging gives it a technical edge that is difficult for newcomers to replicate quickly, but its small size means it depends heavily on a limited number of large contracts, making revenue lumpy and unpredictable from year to year.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-1.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+85.2% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

49.1%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$2M cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Coda Octopus Group's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

66.3%

Premium pricing power — 66.3% gross margin

Profit after running costs

Operating Margin

26.4%

Excellent — 26.4% operating margin

Return on the money invested

ROCE

9.1%

Below par — 9.1% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+22.8%

Fast-growing sales (+22.8% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

145%

Turns 145% of profit into real cash

Spare cash per sale

FCF Margin

21.3%

Converts sales into free cash efficiently (21.3%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

100.00x

—

Comfortably covers interest (100.0x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

23.3x

no trend

Growth-priced — P/E 23.3

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year

P/E vs Forward

+6.7

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (23.3 → 16.6)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Not applicable for this business.

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial