Capstone Energy Plus, Inc. key statistics and ratios

In fiscal 2026, Capstone Energy Plus, Inc. had an operating margin of 3.2% and a current ratio of 0.96. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Capstone Energy Plus, Inc.: financial ratios, annual
Fiscal year	2010Mar 2010	2011Mar 2011	2012Mar 2012	2013Mar 2013	2014Mar 2014	2015Mar 2015	2016Mar 2016	2017Mar 2017	2018Mar 2018	2019Mar 2019	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026	LTMJun 2026
Gross margin	−13.7%	−0.7%	5.0%	11.3%	16.3%	15.8%	15.0%	2.3%	18.1%	11.3%	13.1%	6.6%	8.8%	12.3%	15.7%	27.2%	32.0%	34.0%
Operating margin	−71.1%	−41.2%	−29.0%	−17.2%	−11.5%	−26.8%	−28.7%	−31.4%	−10.5%	−18.1%	−24.4%	−24.1%	−31.2%	−25.0%	−22.3%	−6.5%	3.2%	4.4%
Net margin	−109.2%	−47.0%	−17.2%	−17.7%	−12.2%	−27.3%	−29.6%	−32.7%	−12.1%	−20.0%	−31.8%	−30.7%	−35.0%	−33.2%	8.1%	−8.4%	2.7%	3.5%
Free-cash-flow margin	—	—	—	—	−12.5%	−21.3%	−28.1%	−24.3%	−12.5%	−25.3%	−34.7%	−2.2%	−58.5%	−21.9%	−35.4%	8.0%	−3.2%	2.8%
Return on equity	−144.8%	−95.1%	−40.3%	−44.9%	−42.8%	−91.7%	−84.8%	−110.6%	−43.0%	−68.1%	−158.7%	—	—	—	—	—	—	—
Return on assets	—	−44.2%	−20.1%	−24.1%	−19.0%	−38.7%	−37.4%	−44.2%	−17.2%	−24.1%	−28.5%	−22.8%	−21.2%	−23.3%	7.7%	−9.0%	3.0%	3.1%
Asset turnover	—	0.94	1.17	1.36	1.55	1.42	1.26	1.35	1.42	1.21	0.90	0.74	0.61	0.70	0.95	1.08	1.14	0.91
Current ratio	—	1.43	2.21	1.73	1.53	1.63	1.59	1.46	1.68	2.50	2.11	1.87	0.72	0.53	0.47	0.69	0.96	1.00
Debt to equity	0.0%	21.4%	18.5%	33.6%	40.7%	38.8%	40.0%	56.8%	34.3%	48.3%	674.3%	>999%	—	—	—	—	—	—
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	0.8x	1.1x
Effective tax rate	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.2%	—	−1.9%	−1.5%
R&D as % of revenue	11.3%	8.5%	7.5%	7.0%	6.8%	8.4%	11.9%	7.0%	4.9%	4.3%	5.3%	3.6%	5.3%	3.2%	2.7%	3.1%	3.4%	3.9%
SG&A as % of revenue	46.1%	32.0%	26.4%	21.5%	21.0%	34.2%	31.8%	26.8%	23.7%	25.1%	32.2%	27.2%	34.8%	34.0%	35.3%	30.6%	25.3%	25.7%
Capital spending as % of revenue	—	—	—	—	0.9%	1.4%	1.8%	0.3%	2.1%	4.0%	6.1%	4.7%	15.5%	11.1%	5.1%	1.0%	0.8%	1.6%
Free cash flow ÷ net income	—	—	—	—	—	—	—	—	—	—	—	—	—	—	−437.4%	—	−119.1%	80.7%

US$ thousands unless shown otherwise. Fiscal quarters.

Capstone Energy Plus, Inc.: financial ratios, quarterly
Quarter	2025 Q2Sept 2024	2025 Q3Dec 2024	2025 Q4Mar 2025	2026 Q1Jun 2025	2026 Q2Sept 2025	2026 Q3Dec 2025	2026 Q4Mar 2026	2027 Q1Jun 2026
Gross margin	30.9%	24.8%	27.8%	27.1%	31.6%	39.0%	30.1%	35.1%
Operating margin	0.1%	−10.2%	0.1%	−0.6%	4.8%	7.7%	0.7%	3.9%
Net margin	−1.9%	−13.4%	−0.5%	−2.5%	2.9%	4.4%	6.5%	0.1%
Free-cash-flow margin	−5.3%	3.3%	20.0%	−6.2%	1.0%	9.8%	−19.9%	18.1%
Current ratio	0.82	0.71	0.69	0.73	0.75	0.69	0.96	1.00
R&D as % of revenue	2.6%	3.7%	2.9%	2.9%	2.9%	3.6%	4.5%	4.9%
SG&A as % of revenue	28.2%	31.3%	24.8%	24.8%	23.9%	27.7%	24.9%	26.4%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 5 checks passed · June 30, 2026

What it owns · $115m

Short-term assets $76mLonger-term assets $39m

What it owes, and who funded it · $85m

Short-term liabilities $76mLonger-term liabilities $9mShareholders' equity $-45m

Short-term assets cover short-term liabilities $76m of assets due within a year against $76m of liabilities due within a year.
Short-term assets cover long-term liabilities $76m short-term assets against $9m of longer-dated liabilities.
More cash than debt $32m of cash against $51m of debt.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt $4m of operating cash flow against $51m of debt.
Operating profit covers interest at least five times over Operating income of $5m against $4m of interest.

From Capstone Energy Plus, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

22 /100

Weak moat

How hard Capstone Energy Plus's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 0 / 20

Cash operating profit has been a median -16.5% of total assets over 10 years.
Pricing power 0 / 20

Gross margin has been a median 13.9%, moving by 9.6 percentage points (standard deviation) across 10 years.
Durability 10 / 20

Operating margin has been a median -21.0%; its worst year was -36.2%.
Cash conversion 2 / 20

Free cash flow was positive in 2 of 10 years, at a median -22.5% of revenue.
Discipline 10 / 20

The diluted share count rose 106.2% over five years; stock-based pay has been a median 1.2% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Capstone Energy Plus, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Capstone Energy Plus, Inc.