Westport Fuel Systems Inc (WPRT)

Nasdaq: WPRT · Engines & Turbines · Vancouver, BC · filing with the SEC since 2006

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Grade3.0

◀ Past 3.5● Present 2.7▶ Future 3.1

2 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Westport Fuel Systems Inc

Nine metrics read from its own filings, by tense

Headline grade

3.0/10

◀ Past3.530% of the headline

● Present2.740% of the headline

▶ Future3.130% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

3.5/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

7.2/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 33% of this tense · 72nd percentile among 68 sector filers · read for itself

From the record

Westport Fuel Systems Inc's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

0.6/10

What has it actually done, year after year?

-19.7% a year over 10 filed years; profitable in 2 of 10.

weight 45% of this tense · 6th percentile among 64 sector filers · read for its customers

From the record

Westport Fuel Systems Inc's 10 filed years say what it did: revenue went from $167 million in fiscal 2016 to $23 million in fiscal 2025, down 19.7% a year; it rose in 4 of 9 years; the deepest fall was 93% from fiscal 2021 to fiscal 2025; net income was positive in 2 of 10 of those years (its annual reports).

What it rests on

revenue growth over the filed span-19.7%bottom 1% of its family
the share of years revenue rosebottom 11% of its family
the share of filed years with a profitbottom 11% of its family
the deepest fall from a revenue peak92.5%bottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

3.7/10

How has it treated the people who own it?

SI estimate 3.7/10, confidence 35 of 100 (one part).

weight 22% of this tense · 37th percentile among 65 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 37% of 65 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 65 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Westport Fuel Systems Inc's shareholder treatment is put at 3.7 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 37% of 65 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

2.7/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

3.2/10

Is it financially healthy right now?

ROE -90%: lost 90¢ per shareholder dollar. Leverage 27%: owes 27¢ per asset dollar.

weight 45% of this tense · 32nd percentile among 65 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Westport Fuel Systems Inc lost about 90 cents for every dollar of shareholders' money, and gross profitability: its products earned about 3 cents per dollar of everything the company owns. Leverage: it owed about 27 cents per dollar of assets, and net share issuance: its share count grew 0.6% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 8% of its family
return on equitybottom 4% of its family
gross profit against assetsbottom 1% of its family
the share count against the year beforebottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

0.2/10

How strong is its position in its industry?

bottom 2% of 63 in its family; net margin -264.3%.

weight 33% of this tense · 2nd percentile among 63 sector filers · read for its customers

From the record

Westport Fuel Systems Inc's standing among 63 graded names in its industry family: revenue of $23 million in fiscal 2025 ranks in the bottom 4% by size; a net margin of -264.3% ranks in the bottom 1%; revenue growth of -57.6% a year over the last 3 filed years ranks in the bottom 1% (its annual reports).

What it rests on

revenue against the family$23.3Mbottom 4% of its family
net margin-264.3%bottom 1% of its family
three-year revenue growth-57.6%bottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.2/10

What are the people in charge doing?

SI estimate 5.2/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 60 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 60 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned: family median, 60 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Westport Fuel Systems Inc's leadership is put at 5.2 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 60 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

3.1/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

4.9/10

How much room does it have to grow?

bottom 49% of 63 in its family for room to expand.

weight 45% of this tense · 49th percentile among 63 sector filers · read for itself

From the record

Westport Fuel Systems Inc's room to grow, from the newest filed statements (fiscal 2025): cash of $27 million against debt of $0 thousand leaves 28.9% of its assets as net cash, top 2% of its family; cash from operations less capital spending is -72.6% of revenue (bottom 1%); a gross margin of 11.5% (bottom 1%); research spending of 24.8% of revenue (top 3%) (its annual report).

What it rests on

cash less debt against assets28.9%top 2% of its family
cash from operations less capital spending against revenue-72.6%bottom 1% of its family
gross margin11.5%bottom 1% of its family
research spending against revenue24.8%top 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

0.2/10

What could actually drive growth from here?

bottom 2% of 64 in its family for growth drivers.

weight 33% of this tense · 2nd percentile among 64 sector filers · read for its customers

From the record

Westport Fuel Systems Inc's growth drivers, from the filed years to fiscal 2025: revenue grew -57.6% a year over the last three filed years against -19.7% over all 10, slowing (bottom 1% of its family); the newest year grew -42.7% (bottom 1%); research spending grew -37.3% a year (bottom 1%); capital spending grew -42.6% a year (bottom 4%) (its annual reports). Westport Fuel Systems Inc reported 4 lines of business in fiscal 2024: Light Duty at $262 million, Cespira at $43 million, Heavy Duty OEM at $31 million, and 1 more. 0 of 4 grew in the latest filed year, and the largest line is 76% of revenue (its annual report).

What it rests on

three-year growth against the whole span-37.9 points a yearbottom 1% of its family
the newest year's revenue growth-42.7%bottom 1% of its family
three-year growth of research spending-37.3%bottom 1% of its family
three-year growth of capital spending-42.6%bottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

3.7/10

Did its newest year beat what its own record pointed to?

bottom 37% of 62 in its family for expectations against reality.

weight 22% of this tense · 37th percentile among 62 sector filers · read for its shareholders

From the record

Westport Fuel Systems Inc's newest year against its own record: revenue of $23 million in fiscal 2025 came in 56.9% above the $15 million its prior three years' pace pointed to (top 4% of its family); net income of $62 million against a prior three-year average of $35 million (bottom 15%); a net margin of a loss larger than its revenue against -45.8% before (bottom 1%) (its annual reports).

What it rests on

revenue against the prior three years' pace56.9%top 4% of its family
net income against the prior three years' average-77%bottom 15% of its family
net margin against its prior averagedown more than 100 pointsbottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton WPRT · research, not advice