This page shows Euro Tech Holdings Co Ltd (CLWT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Margin recovery and near-zero capital intensity restored cash generation even as FY2024 revenue stayed below prior highs.
FY2024 profit quality improved: net income of$845K was closely matched by operating cash flow of$781K . That is a cleaner conversion than FY2023, when earnings and cash diverged, and it happened even with lower sales because gross margin rebounded to29.0% while SG&A stayed near$4.1M , pointing to better cost absorption and mix rather than scale.
The balance sheet looks conservatively financed: cash of
This is a cash-light operating model: operating cash flow of
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Euro Tech Holdings Co Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Euro Tech Holdings Co Ltd has an operating margin of -1.8%, meaning the company retains $-2 of operating profit per $100 of revenue. This results in a moderate score of 30/100, indicating healthy but not exceptional operating efficiency. This is down from 2.5% the prior year.
Euro Tech Holdings Co Ltd's revenue declined 13.8% year-over-year, from $15.4M to $13.3M. This contraction results in a growth score of 8/100.
Euro Tech Holdings Co Ltd carries a low D/E ratio of 0.30, meaning only $0.30 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 68/100, indicating a strong balance sheet with room for future borrowing.
Euro Tech Holdings Co Ltd's current ratio of 2.01 indicates adequate short-term liquidity, earning a score of 57/100. The company can meet its near-term obligations, though with limited headroom.
While Euro Tech Holdings Co Ltd generated -$1.4M in operating cash flow, capex of $7K consumed most of it, leaving -$1.4M in free cash flow. This results in a low score of 21/100, reflecting heavy capital investment rather than weak cash generation.
Euro Tech Holdings Co Ltd's ROE of 1.1% shows moderate profitability relative to equity, earning a score of 30/100. This is down from 5.4% the prior year.
Euro Tech Holdings Co Ltd scores 2.64, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($11.2M) relative to total liabilities ($4.8M). This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Euro Tech Holdings Co Ltd passes 2 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Euro Tech Holdings Co Ltd generates $-8.47 in operating cash flow (-$1.4M OCF vs $167K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Euro Tech Holdings Co Ltd generated $13.3M in revenue in fiscal year 2025. This represents a decrease of 13.8% from the prior year.
Euro Tech Holdings Co Ltd's EBITDA was -$224K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 156.0% from the prior year.
Euro Tech Holdings Co Ltd reported $167K in net income in fiscal year 2025. This represents a decrease of 80.2% from the prior year.
Euro Tech Holdings Co Ltd earned $0.02 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 80.0% from the prior year.
Cash & Balance Sheet
Euro Tech Holdings Co Ltd generated -$1.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 283.2% from the prior year.
Euro Tech Holdings Co Ltd held $4.3M in cash against $0 in long-term debt as of fiscal year 2025.
Euro Tech Holdings Co Ltd had 7M shares outstanding in fiscal year 2025. This represents a decrease of 3.5% from the prior year.
Margins & Returns
Euro Tech Holdings Co Ltd's gross margin was 27.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.2 percentage points from the prior year.
Euro Tech Holdings Co Ltd's operating margin was -1.8% in fiscal year 2025, reflecting core business profitability. This is down 4.3 percentage points from the prior year.
Euro Tech Holdings Co Ltd's net profit margin was 1.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.2 percentage points from the prior year.
Euro Tech Holdings Co Ltd's ROE was 1.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 4.3 percentage points from the prior year.
Capital Allocation
Euro Tech Holdings Co Ltd invested $0 in research and development in fiscal year 2025.
Euro Tech Holdings Co Ltd spent $319K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 4457.1% from the prior year.
Euro Tech Holdings Co Ltd invested $7K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 40.0% from the prior year.
CLWT Income Statement
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CLWT Balance Sheet
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $21.3M+3.1% | $20.7M-6.4% | $22.1M+14.2% | $19.4M-8.9% | $21.3M+5.7% | $20.1M-9.5% | $22.2M-3.7% | $23.1M |
| Current Assets | $9.3M+0.2% | $9.2M-12.5% | $10.5M+11.6% | $9.4M-17.9% | $11.5M+10.1% | $10.4M-13.0% | $12.0M-11.3% | $13.5M |
| Cash & Equivalents | $4.3M-26.2% | $5.8M+6.5% | $5.5M-3.1% | $5.6M+6.8% | $5.3M+1.5% | $5.2M-22.8% | $6.7M+27.6% | $5.3M |
| Inventory | $344K-31.2% | $500K-30.8% | $723K+19.9% | $603K+10.2% | $547K+59.9% | $342K-41.6% | $586K+46.1% | $401K |
| Accounts Receivable | $2.0M+43.9% | $1.4M-51.6% | $2.9M+80.6% | $1.6M-56.3% | $3.6M+13.5% | $3.2M-10.8% | $3.6M-29.5% | $5.1M |
| Goodwill | $1.1M0.0% | $1.1M0.0% | $1.1M0.0% | $1.1M0.0% | $1.1M0.0% | $1.1M0.0% | $1.1M0.0% | $1.1M |
| Total Liabilities | $4.8M+18.4% | $4.0M-28.8% | $5.6M+23.8% | $4.6M-29.3% | $6.4M+14.5% | $5.6M-18.1% | $6.9M-8.6% | $7.5M |
| Current Liabilities | $4.6M+14.7% | $4.0M-28.4% | $5.6M+25.2% | $4.5M-30.2% | $6.4M+15.8% | $5.5M-16.9% | $6.7M-11.4% | $7.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $15.6M-0.8% | $15.7M+0.7% | $15.6M+13.6% | $13.8M-0.8% | $13.9M-0.4% | $13.9M-3.6% | $14.5M-0.9% | $14.6M |
| Retained Earnings | $5.8M+2.8% | $5.6M+2.1% | $5.5M+50.9% | $3.6M-3.7% | $3.8M-1.1% | $3.8M-12.2% | $4.3M-3.3% | $4.5M |
CLWT Cash Flow Statement
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CLWT Financial Ratios
| Metric | Q4'25 | Q4'24 | Q4'23 | Q4'22 | Q4'21 | Q4'20 | Q4'19 | Q4'18 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Ratio | 2.01-0.3 | 2.30+0.4 | 1.88-0.2 | 2.11+0.3 | 1.80-0.1 | 1.89+0.1 | 1.800.0 | 1.80 |
| Debt-to-Equity | 0.30+0.0 | 0.26-0.1 | 0.36+0.0 | 0.33-0.1 | 0.46+0.1 | 0.40-0.1 | 0.48-0.0 | 0.52 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Euro Tech Holdings Co Ltd's annual revenue?
Euro Tech Holdings Co Ltd (CLWT) reported $13.3M in total revenue for fiscal year 2025. This represents a -13.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Euro Tech Holdings Co Ltd's revenue growing?
Euro Tech Holdings Co Ltd (CLWT) revenue declined by 13.8% year-over-year, from $15.4M to $13.3M in fiscal year 2025.
Is Euro Tech Holdings Co Ltd profitable?
Yes, Euro Tech Holdings Co Ltd (CLWT) reported a net income of $167K in fiscal year 2025, with a net profit margin of 1.3%.
What is Euro Tech Holdings Co Ltd's EBITDA?
Euro Tech Holdings Co Ltd (CLWT) had EBITDA of -$224K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Euro Tech Holdings Co Ltd's gross margin?
Euro Tech Holdings Co Ltd (CLWT) had a gross margin of 27.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Euro Tech Holdings Co Ltd's operating margin?
Euro Tech Holdings Co Ltd (CLWT) had an operating margin of -1.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Euro Tech Holdings Co Ltd's net profit margin?
Euro Tech Holdings Co Ltd (CLWT) had a net profit margin of 1.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Euro Tech Holdings Co Ltd's return on equity (ROE)?
Euro Tech Holdings Co Ltd (CLWT) has a return on equity of 1.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Euro Tech Holdings Co Ltd's free cash flow?
Euro Tech Holdings Co Ltd (CLWT) generated -$1.4M in free cash flow during fiscal year 2025. This represents a -283.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Euro Tech Holdings Co Ltd's operating cash flow?
Euro Tech Holdings Co Ltd (CLWT) generated -$1.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Euro Tech Holdings Co Ltd's total assets?
Euro Tech Holdings Co Ltd (CLWT) had $21.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Euro Tech Holdings Co Ltd's capital expenditures?
Euro Tech Holdings Co Ltd (CLWT) invested $7K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Euro Tech Holdings Co Ltd's current ratio?
Euro Tech Holdings Co Ltd (CLWT) had a current ratio of 2.01 as of fiscal year 2025, which is generally considered healthy.
What is Euro Tech Holdings Co Ltd's debt-to-equity ratio?
Euro Tech Holdings Co Ltd (CLWT) had a debt-to-equity ratio of 0.30 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Euro Tech Holdings Co Ltd's return on assets (ROA)?
Euro Tech Holdings Co Ltd (CLWT) had a return on assets of 0.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Euro Tech Holdings Co Ltd's cash runway?
Based on fiscal year 2025 data, Euro Tech Holdings Co Ltd (CLWT) had $4.3M in cash against an annual operating cash burn of $1.4M. This gives an estimated cash runway of approximately 36 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Euro Tech Holdings Co Ltd's Altman Z-Score?
Euro Tech Holdings Co Ltd (CLWT) has an Altman Z-Score of 2.64, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Euro Tech Holdings Co Ltd's Piotroski F-Score?
Euro Tech Holdings Co Ltd (CLWT) has a Piotroski F-Score of 2 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Euro Tech Holdings Co Ltd's earnings high quality?
Euro Tech Holdings Co Ltd (CLWT) has an earnings quality ratio of -8.47x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Euro Tech Holdings Co Ltd?
Euro Tech Holdings Co Ltd (CLWT) scores 36 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.