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WPRTWestport Fuel Systems Inc.
$2.01$35M
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WPRT logoWestport Fuel Systems Inc.(WPRT)Earnings, Financials & Key Ratios

WPRT•NASDAQ
$2.14
Price updated Jul 6, 2026
SectorConsumer CyclicalIndustryAuto Parts & EquipmentSub-IndustryCore Vehicle Systems Suppliers
AboutWestport Fuel Systems Inc. engages in the engineering, manufacturing, and supplying alternative fuel systems and components for use in transportation applications worldwide. The company operates through Original Equipment Manufacturer and Independent Aftermarket segments. It offers alternative fuel systems and components, which include a range of alternative fuels, such as liquefied petroleum gas, compressed natural gas, liquefied natural gas, renewable natural gas, and hydrogen; and independent aftermarket, light and heavy-duty original equipment manufacturers (OEMs) and delayed OEMs, electronics, hydrogen, and fuel storage activities. The company also provides Westport High Pressure Direct Injection 2.0, a fully integrated fuel systems that enables diesel engines using primarily natural gas fuel to match the power, torque, and fuel economy benefits found in traditional compression ignition diesel engines, which reduces greenhouse gas emissions. Its products and services are used for passenger cars; light-, medium-, and heavy-duty trucks; and cryogenics and hydrogen applications under the Cummins Westport, BRC Gas Equipment, Westport, OMVL, Prins, GFi Control systems, Emer, Zavoli, TA Gas Technology, Valtek, and AFS brands. The company was formerly known as Westport Innovations Inc. and changed its name to Westport Fuel Systems Inc. in June 2016. Westport Fuel Systems Inc. was incorporated in 1995 and is headquartered in Vancouver, Canada.Show more
  • Revenue$23M-92.3%
  • EBITDA-$14M+14.3%
  • Net Income-$62M-182.2%
  • EPS (Diluted)-3.56-180.3%
  • Gross Margin11.49%-39.7%
  • EBITDA Margin-58.81%-1010.6%
  • Operating Margin-61.02%-647.8%
  • Net Margin-264.29%-3557.9%
  • ROE-59.88%-307.8%

WPRT Price & Volume

Westport Fuel Systems Inc. (WPRT) stock price & volume — 10-year historical chart

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Structural Revenue Collapse Challenges Future Liquidity Viability

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidity and structural insolvency

Key Thesis Takeaways

  • Westport Fuel Systems is undergoing a radical business model transformation, shifting from a traditional manufacturing footprint to an asset-light, partnership-driven entity.
  • While the company has successfully reduced total debt from $82.8M in 2023Q4 to $3.7M in 2026Q1, this deleveraging coincides with a 96.8% year-over-year revenue decline that threatens the firm's long-term operational sustainability.
  • Investors should remain cautious as the company's R&D and SG&A expenses continue to outpace gross profit, creating a precarious liquidity environment that may necessitate further capital raises.

Verdict Logic

the company's inability to generate positive operating cash flow, combined with a 96.8% revenue contraction, suggests that the current $24.6M cash balance provides a limited runway for its HPDI technology transition.

WPRT Growth Metrics

Westport Fuel Systems Inc. (WPRT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-13.83%
5 Years-37.9%
3 Years-57.59%
TTM-120.05%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-508.82%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-493.65%

Return on Capital

10 Years-23.75%
5 Years-13.67%
3 Years-14.01%
Last Year-11.17%

Latest WPRT News

Recent stock market news and headlines for Westport Fuel Systems Inc. (WPRT)

GlobeNewsWire·Jun 23, 2026
Westport Announces Closing of US$10 Million Registered Direct Offering and Concurrent Private Placement

VANCOUVER, British Columbia, June 23, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport" or the "Company") (TSX:WPRT / Nasdaq: WPRT), today announced that it has closed the previously announced sale of 1,600,000 common shares and 3,254,369 pre-funded warrants in a registered direct offering, and warrants to purchase up to 4,854,369 common shares in a concurrent private placement, priced at-the-market under Nasdaq rules. The combined effective purchase price for each common share or pre-funded warrant and associated private placement warrant is US$2.06.

GlobeNewsWire·Jun 22, 2026
Westport Announces US$10 Million Registered Direct Offering and Concurrent Private Placement Priced At-The-Market Under Nasdaq Rules

VANCOUVER, British Columbia, June 22, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport") (TSX:WPRT / Nasdaq: WPRT), today announced that it has entered into a definitive securities purchase agreement for the purchase and sale of 4,854,369 common shares (or pre-funded warrants in lieu thereof) in a registered direct offering and, in a concurrent private placement, warrants to purchase up to 4,854,369 common shares, priced at-the-market under Nasdaq rules. The combined effective purchase price for each common share (or pre-funded warrant in lieu thereof) and associated private placement warrant is US$2.06. The private placement warrants have an exercise price of US$2.06 per common share, will be immediately exercisable and will expire two years following the date of issuance. Subject to limited exceptions, a holder of warrants will not have the right to exercise any portion of its warrants if the holder would beneficially own in excess of 9.99% of the number of Westport common shares outstanding immediately after giving effect to such exercise.

GlobeNewsWire·Jun 18, 2026
Cespira, the Joint Venture between Westport and Volvo Group, Signs Agreement with Volvo Group to Complete Hydrogen-Fueled Engine Development

Volvo Group and Cespira Apply the HPDITM Fuel System Technology to Allow Hydrogen to Fuel Volvo Group's 13 Litre Engine Applications Volvo Group and Cespira Apply the HPDITM Fuel System Technology to Allow Hydrogen to Fuel Volvo Group's 13 Litre Engine Applications

Peers Comparison

Key metrics vs top competitors for Westport Fuel Systems Inc. (WPRT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
WPRT logoWPRTWestport Fuel Systems Inc.Current
$2.14$37.23M-0.60-92.29%-264.29%-59.88%—
CLNE logoCLNEClean Energy Fuels Corp.
$2.13$469.08M-2.112.56%-22.65%-17.17%—
HYLN logoHYLNHyliion Holdings Corp.
$4.29$765.02M-13.00130.28%-888.12%-26.05%—
PESI logoPESIPerma-Fix Environmental Services, Inc.
$14.06$261.02M-18.754.33%-30.06%-34.48%—
ATMU logoATMUAtmus Filtration Technologies Inc.
$52.00$4.25B20.805.67%15.66%58.84%—
ALSN logoALSNAllison Transmission Holdings, Inc.
$116.60$9.69B15.91-6.67%14.88%29.49%—

Compare WPRT vs Peers

Westport Fuel Systems Inc. (WPRT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CLNE

Most directly comparable listed peer for WPRT.

Scale Benchmark

vs CMI

Larger-name benchmark to compare WPRT against a more recognizable public peer.

Peer Set

Compare Top 5

vs CLNE, HYLN, PESI, ATMU

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WPRT Frequently Asked Questions

Westport Fuel Systems Inc. (WPRT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Westport Fuel Systems Inc.'s revenue?

Westport Fuel Systems Inc. (WPRT) reported $-45.4M in revenue for fiscal year 2025. This represents a 62725% decrease from $0.1M in 1997.

How fast is Westport Fuel Systems Inc. growing?

Westport Fuel Systems Inc. (WPRT) saw revenue decline by 92.3% over the past year.

Is WPRT profitable?

Westport Fuel Systems Inc. (WPRT) reported a net loss of $64.8M for fiscal year 2025.

Dividend & Returns
What is WPRT's return on equity?

Westport Fuel Systems Inc. (WPRT) has a return on equity (ROE) of -59.9%. Negative ROE indicates the company is unprofitable.

What is Westport Fuel Systems Inc.'s free cash flow?

Westport Fuel Systems Inc. (WPRT) had negative free cash flow of $13.6M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in WPRT back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

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