Westport Fuel Systems Inc.

WPRT

$1.88

+1.62%

2026-09-03 14:31:54 EDT+$0.03

Consumer Cyclical

Auto - Parts

NASDAQ

Active Trading

Founded in 1995 and based in Vancouver, Canada, Westport Fuel Systems Inc. (formerly Westport Innovations Inc. until its name change in June ...

Price Action of WPRT

$1.88

+1.62%+$0.03

High—

Low—

52W High-29.9%

Rel. vol—

Interval

Range3.6h

Volume—SMA5SMA10

—

Westport Fuel Systems Inc. designs and delivers alternative-fuel solutions for transportation applications, with an emphasis on helping fleets and OEMs decarbonize without sacrificing operational performance. The company structures its business around two principal channels: (1) Original Equipment Manufacturer (OEM) programs and (2) the Independent Aftermarket, serving both light- and heavy-duty ...Westport Fuel Systems Inc. designs and delivers alternative-fuel solutions for transportation applications, with an emphasis on helping fleets and OEMs decarbonize without sacrificing operational performance. The company structures its business around two principal channels: (1) Original Equipment Manufacturer (OEM) programs and (2) the Independent Aftermarket, serving both light- and heavy-duty vehicle markets. At the core of Westport’s offering is integrated fuel system engineering—systems and constituent components that allow internal combustion engines (and related subsystems) to operate on alternative fuels. Based on the provided company description, its technology portfolio supports multiple fuel types, including liquefied petroleum gas (LPG), compressed natural gas (CNG), liquefied natural gas (LNG), renewable natural gas (RNG), and hydrogen. A key differentiator highlighted is the Westport High Pressure Direct Injection 2.0 (HPDI 2.0), an integrated system intended to enable predominantly natural-gas operation of diesel engines, targeting power/torque and fuel efficiency characteristics that resemble compression-ignition diesel performance while reducing greenhouse gas emissions. From a product/service perspective, Westport supplies not only complete fuel systems but also individual parts and advanced components—such as fuel delivery hardware and electronics—along with specialized hydrogen systems and advanced fuel storage applications (e.g., cryogenic and hydrogen-related solutions). The company markets products under multiple brands (including Cummins Westport, BRC Gas Equipment, OMVL, Prins, and other listed brands), which typically supports adoption across diverse supply chains and customer ecosystems. Cost and BOM considerations in such fuel-system businesses generally revolve around engineered components (fuel injectors, high-pressure regulators/lines, sensors/controls, valves, electronics modules), manufacturing quality and calibration, and integration with vehicle powertrains. While specific cost breakdowns are not provided here, Westport’s value proposition commonly links system integration and performance validation to lower total cost of ownership for operators—driven by fuel savings potential, emissions compliance, and reduced downtime/installation complexity for aftermarket conversions. Leadership is provided by CEO Daniel Sceli. Westport was founded/incorporated in 1995 and is headquartered in Vancouver, Canada. The company’s strategic direction—reflected in its focus on alternative fuels and hydrogen-ready systems—aligns with ongoing regulatory and fleet demand for low-carbon transportation, particularly where companies need scalable hardware that can be engineered into new vehicles and also offered as aftermarket upgrades. Overall, Westport acts as a specialized systems and components provider in the alternative-fuel transition, partnering with OEMs and aftermarket channels to deploy advanced fuel delivery and control technologies across a wide range of transportation platforms.ExpandCollapse

Founded

1995

Employees

112

CEO

Daniel Edward Sceli

Full Name

Westport Fuel Systems Inc.

Sector

Consumer Cyclical

Industry

Auto - Parts

ROE

-63.29%

Market Cap

$0.04B

Current Ratio

1.14

WACC

14.68%

ROIC

-30.53%

Contact Information

https://wfsinc.com

16047182000

1750 West 75th Avenue, Vancouver, BC V6P 6P2

Key Metrics of WPRT

Snapshot

Latest / TTM · 6 periods

Market Cap

$35.71M

ROCE

-46.6%

EV / EBITDA

-5.50x

-27.0% YoY

FCF Yield

-38.2%

+27.2% YoY

Cash Conversion Cycle

77.3d

Current Ratio

1.14

Quick take

TTM —

Positive CCC

Financial Highlights of WPRT

Profitability trend

Latest / TTM · 6 periods

Gross Margin

23.3%

Net Margin

75.8%

P/E Ratio

-0.79x

n/a

Debt / Equity

0.05

n/a

Current Ratio

1.14

Dividend Yield

0.0%

Understanding

TTM —

No major balance sheet stress in these headline ratios.

Calendar of WPRT

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $-0.27 · Revenue $2.25M · 2 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $-0.23 · Revenue $2.56M · 3 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $-1.44 · Revenue $9.81M · 2 analysts
Mar 30, 2027
Q1 FY2027 · Estimated results
Est. EPS $-0.23 · Revenue $2.55M · 1 analysts

Recent history

Jun 30, 2026
Q2 FY2026 · Results reported
EPS $-0.64 · Revenue $2.72M
Mar 31, 2026
Q1 FY2026 · Results reported
EPS $-0.32 · Revenue $2.25M
Dec 31, 2025
FY2025 · Annual results
EPS $-3.56 · Revenue $23.32M
Sep 30, 2025
Q3 FY2025 · Results reported
EPS $-0.60 · Revenue $1.62M
Jun 30, 2025
Q2 FY2025 · Results reported
EPS $-1.98 · Revenue $12.50M
Mar 31, 2025
Q1 FY2025 · Results reported
EPS $-0.14 · Revenue $70.95M

Financial Statements of WPRT

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$23.3M	-92.3%	+20.6%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$-61.6M	-182.2%	-102.1%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+11.5%	-39.7%	-72.4%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	-61.0%	-647.8%	-57.3%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	-264.3%	-3557.9%	-67.6%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$-17.8M	-82.8%	-24.0%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	-76.3%	-2269.3%	-2.9%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	6.8%	-82.2%	-16.4%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	1.93x	+24.0%	-32.9%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$94.0M	-67.8%	-0.4%

Actual vs Estimate

A Dec 31Q Jun 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	-3.56 vs -2.75	-29.3%	-0.64 vs -0.35	-81.1%
Revenue Surprise	$23.3M vs $86.2M	-72.9%	$2.7M vs $2.2M	+21.7%

Insider Transactions of WPRT

Acquisitions (A)

Since Jun 1, 2016

Disposals (D)

Since Jun 1, 2016

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Apr 29, 2020	Wheatman Eileen	director	Common Stock	D	0	—
Jul 19, 2017	DOUGLAS KEVIN	10 percent owner	Common Stock	A	150,000	$1.50
Jul 19, 2017	DOUGLAS KEVIN	10 percent owner	Common Stock	A	600,000	$1.50
Jul 19, 2017	DOUGLAS KEVIN	10 percent owner	Common Stock	A	600,000	$1.50
Jul 19, 2017	DOUGLAS KEVIN	10 percent owner	Common Stock	A	200,000	$1.50

Earnings Call Transcript of WPRT

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Good day, and thank you for standing by. Welcome to Westport's Second Quarter 26 Conference Call. At this time, participants are in a listen-only mode. After speakers' presentation, there will be a question and answer session. To press *11 on your telephone, You will then hear an automated message advising your hand is raised. To withdraw your question, please press *11 again. Please be advised that today's conference is being recorded. I would now like to turn the conference over to your speaker today, Ashley Nuell. Please go ahead. Ashley Nuell: Thank you. Good morning, everyone. Welcome to Westport Fuel Systems conference call regarding its second quarter 2026 financial and operational results. This call is being held to coincide with the press release containing Westport's financial results issued yesterday after the markets closed. On today's call, speaking on behalf of Westport will be chief executive officer and director, Daniel Sceli, and chief financial officer, Elizabeth Owens. Attendance on this call is open to the public, but questions will be restricted to the investment community. You are reminded that certain statements made on this conference call and our responses to certain questions may constitute forward-looking statements within the meaning of U.S. and applicable Canadian securities laws. Forward-looking statements are based on current expectations and involve risks and uncertainties that could cause-- that could actually result that could cause actual results to differ materially. Please refer to Westport's filings for a more complete discussion of these risks. Before I turn the call over to Daniel, I wanted to highlight that since our first quarter release in May, Westport has continued to advance several important corporate and commercial priorities, including superior Cespira's hydrogen development agreement with Volvo and the completion of the $10 million offering. And concurrent private placement. With that, I will turn the call over to you, Daniel. Daniel Sceli: Thank you, Ashley, and good morning, everyone. Q2 was an important quarter for Westport. We continue to execute against our strategy of focusing the business around high impact scalable, clean transportation solutions, where our technology can deliver meaningful economic and emissions benefits without compromising performance. The quarter was also marked by important developments that strengthen our platform for future growth. First, Cespira, our joint venture with Volvo Group, signed an agreement with Volvo Group to complete development of a hydrogen-fueled engine. This is an important milestone because it reinforces the relevance of HPDI technology across multiple low carbon fuels, including hydrogen, natural gas, and renewable natural gas. It also further validates the role of internal combustion-engine technology as part of the practical pathway to decarbonizing heavy duty transport. Second, we completed a $10 million offering in June. This …

Leadership Team of WPRT

6 executives

Name	Title	Compensation	Gender	Year Born	Status
Daniel Sceli	Chief Executive Officer & Director	USD 623,287	Male	1963	Active
Lance Garner Follett	Chief Legal Officer & Executive Vice President of Corporate Development	USD 311,658	Male	1968	Active
Elizabeth Owens	Chief Financial Officer	USD 234,262	Female	1967	Active
Ashley Nuell	Vice President of Investor Relations	USD 206,628	Female	—	Active
Jim Mancuso	Vice President of High Pressure Controls and Systems	USD 203,497	Male	—	Active
Larry Kyle	VP of Legal & Intellectual Property and Corporate Secretary	—	Male	—	Active

Recent News of WPRT

Zacks Investment Research8/20/2026Neutral

Here's Why You Should Retain Westport Stock in Your Portfolio

WPRT's Cespira growth and expanding HPDI adoption offer upside, but slower hydrogen demand and funding risks cloud its outlook.

Zacks Investment Research8/19/2026Neutral

Westport Shares Rise 7% Despite Wider-Than-Expected Q2 Loss

WPRT shares rise despite a Q2 loss miss as Cespira revenues surge, profitability improves and production ramps to address backlog.

Defense World8/17/2026Neutral

Contrasting Middleby (NASDAQ:MIDD) & Westport Fuel Systems (NASDAQ:WPRT)

Westport Fuel Systems (NASDAQ: WPRT - Get Free Report) and Middleby (NASDAQ: MIDD - Get Free Report) are both industrials companies, but which is the better stock? We will contrast the two businesses based on the strength of their valuation, analyst recommendations, earnings, dividends, profitability, risk and institutional ownership. Valuation and Earnings This table compares Westport Fuel

Zacks Investment Research8/11/2026Neutral

Westport Innovations (WPRT) Reports Q2 Loss, Tops Revenue Estimates

Westport Innovations (WPRT) came out with a quarterly loss of $0.53 per share versus the Zacks Consensus Estimate of a loss of $0.45. This compares to a loss of $0.29 per share a year ago.

GlobeNewsWire8/11/2026Neutral

Westport Reports Second Quarter 2026 Financial Results

~ Strong demand for the LNG HPDI trucks drives 125% Q2 revenue growth for Cespira ~ VANCOUVER, British Columbia, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (“Westport") (TSX:WPRT / Nasdaq:WPRT) today reported financial results for the second quarter ended June 30, 2026, and provided an update on operations. All figures are in U.S. dollars unless otherwise stated.

Historical Employee Count of WPRT

Current

112

Change

+5500.00%

Minimum

Maximum

112

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	112	20-F	Apr 23, 2026	View
Dec 31, 2024	2	40-F	Mar 31, 2025	View
Dec 31, 2023	2	40-F	Mar 25, 2024	View
Dec 31, 2022	2	40-F	Mar 13, 2023	View
Dec 31, 2021	2	40-F	Mar 14, 2022	View

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Westport Fuel Systems Inc.