What is Euro Tech Holdings Co Ltd's earnings per share (EPS)?

Euro Tech Holdings Co Ltd (CLWT) reported diluted earnings per share of $0.02 for fiscal year 2025. This represents a -80.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Euro Tech Holdings Co Ltd Financials

CLWT

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

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).

Rhea AI CLWT FY2024 2026-04-30

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 to 29.0% 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 $5.8M exceeded total liabilities of $4.0M, so day-to-day operations do not appear dependent on borrowing. A 2.3x current ratio and 0.3x debt-to-equity reinforce that liquidity is carrying the business, not leverage.

This is a cash-light operating model: operating cash flow of $781K turned into free cash flow of $776K, which implies maintenance reinvestment is minimal. That helps explain how the company could return $617K through dividends while still keeping a cash cushion larger than all liabilities.

Financial Health Signals

Financial Profile 33/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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.

Profitability

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 below-average margin results in a low score of 21/100, suggesting thin profitability after operating expenses. This is down from 2.5% the prior year.

Growth

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 10/100.

Leverage

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 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Euro Tech Holdings Co Ltd's current ratio of 2.01 indicates adequate short-term liquidity, earning a score of 36/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

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 15/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Euro Tech Holdings Co Ltd generates a 1.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 21/100. This is down from 5.4% the prior year.

Piotroski F-Score Weak

2/9

Euro Tech Holdings Co Ltd passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Low Quality

-8.47x

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

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Earnings & Revenue

Revenue

$13.3M

YoY-13.8%

5Y CAGR-0.1%

10Y CAGR-3.2%

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.

EBITDA

-$224K

YoY-156.0%

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.

Net Income

$167K

YoY-80.2%

5Y CAGR-26.3%

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.

EPS (Diluted)

$0.02

YoY-80.0%

5Y CAGR-27.5%

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

Free Cash Flow

-$1.4M

YoY-283.2%

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.

Cash & Debt

$4.3M

YoY-26.2%

5Y CAGR-3.8%

10Y CAGR+5.6%

Euro Tech Holdings Co Ltd held $4.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY-3.5%

5Y CAGR+19.2%

10Y CAGR+13.7%

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

Gross Margin

27.7%

YoY-1.2pp

5Y CAGR+0.1pp

10Y CAGR+5.6pp

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.

Operating Margin

-1.8%

YoY-4.3pp

5Y CAGR+0.3pp

10Y CAGR+8.9pp

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.

Net Margin

1.3%

YoY-4.2pp

5Y CAGR-4.5pp

10Y CAGR+4.6pp

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.

Return on Equity

1.1%

YoY-4.3pp

5Y CAGR-4.5pp

10Y CAGR+5.1pp

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

R&D Spending

Euro Tech Holdings Co Ltd invested $0 in research and development in fiscal year 2025.

Share Buybacks

$319K

YoY+4457.1%

10Y CAGR+31.9%

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.

Capital Expenditures

$7K

YoY+40.0%

5Y CAGR-8.6%

10Y CAGR-10.4%

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	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$13.3M-13.8%	$15.4M-14.3%	$17.9M+20.0%	$14.9M-30.1%	$21.4M+60.1%	$13.4M
Cost of Revenue	$9.6M-12.2%	$10.9M-22.4%	$14.1M+36.3%	$10.3M-34.2%	$15.7M+62.3%	$9.7M
Gross Profit	$3.7M-17.5%	$4.5M+15.4%	$3.9M-16.4%	$4.6M-18.9%	$5.7M+54.5%	$3.7M
R&D Expenses	$0	$0	$0	$0-100.0%	$61K-87.7%	$497K
SG&A Expenses	N/A	$4.1M-0.9%	$4.1M-8.6%	$4.5M-8.6%	$4.9M-8.6%	$5.4M
Operating Income	-$236K-161.1%	$386K+255.0%	-$249K-318.4%	$114K-85.2%	$771K+383.5%	-$272K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	-$72K-60.0%	-$45K-87.5%	-$24K-126.7%	$90K+193.8%	-$96K
Net Income	$167K-80.2%	$845K-48.8%	$1.6M+206.1%	$539K-45.5%	$989K+28.6%	$769K
EPS (Diluted)	$0.02-80.0%	$0.10-58.3%	$0.24+380.0%	$0.05-61.5%	$0.13+30.0%	$0.10

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	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$21.3M+3.1%	$20.7M-6.4%	$22.1M+14.2%	$19.4M-8.9%	$21.3M+5.7%	$20.1M
Current Assets	$9.3M+0.2%	$9.2M-12.5%	$10.5M+11.6%	$9.4M-17.9%	$11.5M+10.1%	$10.4M
Cash & Equivalents	$4.3M-26.2%	$5.8M+6.5%	$5.5M-3.1%	$5.6M+6.8%	$5.3M+1.5%	$5.2M
Inventory	$344K-31.2%	$500K-30.8%	$723K+19.9%	$603K+10.2%	$547K+59.9%	$342K
Accounts Receivable	$2.0M+43.9%	$1.4M-51.6%	$2.9M+80.6%	$1.6M-56.3%	$3.6M+13.5%	$3.2M
Goodwill	$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
Current Liabilities	$4.6M+14.7%	$4.0M-28.4%	$5.6M+25.2%	$4.5M-30.2%	$6.4M+15.8%	$5.5M
Long-Term Debt	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
Retained Earnings	$5.8M+2.8%	$5.6M+2.1%	$5.5M+50.9%	$3.6M-3.7%	$3.8M-1.1%	$3.8M

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	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$1.4M-281.2%	$781K+1076.3%	-$80K-117.4%	$461K-79.1%	$2.2M+208.2%	-$2.0M
Capital Expenditures	$7K+40.0%	$5K0.0%	$5K-28.6%	$7K+75.0%	$4K-63.6%	$11K
Free Cash Flow	-$1.4M-283.2%	$776K+1012.9%	-$85K-118.7%	$454K-79.3%	$2.2M+207.4%	-$2.0M
Investing Cash Flow	$314K+4.0%	$302K-4.7%	$317K+36.6%	$232K-35.2%	$358K-82.5%	$2.0M
Financing Cash Flow	-$317K+59.3%	-$778K-848.8%	-$82K+86.7%	-$618K+39.2%	-$1.0M+32.4%	-$1.5M
Dividends Paid	$0-100.0%	$617K	$0-100.0%	$464K-55.0%	$1.0M-20.6%	$1.3M
Share Buybacks	$319K+4457.1%	$7K-50.0%	$14K	$0	$0	N/A

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	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	27.7%-1.2pp	28.9%+7.4pp	21.5%-9.4pp	30.9%+4.3pp	26.6%-1.0pp	27.6%
Operating Margin	-1.8%-4.3pp	2.5%+3.9pp	-1.4%-2.1pp	0.8%-2.8pp	3.6%+5.6pp	-2.0%
Net Margin	1.3%-4.2pp	5.5%-3.7pp	9.2%+5.6pp	3.6%-1.0pp	4.6%-1.1pp	5.8%
Return on Equity	1.1%-4.3pp	5.4%-5.2pp	10.5%+6.6pp	3.9%-3.2pp	7.1%+1.6pp	5.5%
Return on Assets	0.8%-3.3pp	4.1%-3.4pp	7.5%+4.7pp	2.8%-1.9pp	4.7%+0.8pp	3.8%
Current Ratio	2.01-0.3	2.30+0.4	1.88-0.2	2.11+0.3	1.80-0.1	1.89
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
FCF Margin	-10.7%-15.8pp	5.0%+5.5pp	-0.5%-3.5pp	3.0%-7.2pp	10.3%+25.6pp	-15.3%

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.

Does Euro Tech Holdings Co Ltd buy back shares?

Yes, Euro Tech Holdings Co Ltd (CLWT) spent $319K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Euro Tech Holdings Co Ltd have outstanding?

Euro Tech Holdings Co Ltd (CLWT) had 7M shares outstanding as of fiscal year 2025.

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 Piotroski F-Score?

Euro Tech Holdings Co Ltd (CLWT) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. 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 33 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.