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Virco Mfg. Corporation (VIRC)

NASDAQ / Consumer Cyclical / Furnishings, Fixtures & Appliances

Share price

6.27 USD Market dataClose of Oct 15, 2026

Market capitalisation

98.8M USD Market dataClose of Oct 15, 2026
Market data
Oct 15, 2026
Filed accounts
FY2026, filed Apr 8, 2026
Ratios computed
Oct 15, 2026
Filed years
15, FY2011 to FY2026
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
SEC filingFiled with the SEC
Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement
What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data
Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener
Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Four questions, at a glance

Quality

Return on invested capital, after tax

2.1% Computed

From the FY2026 filing

Read quality

Valuation

Price to earnings

39.19x Computed

FY2026 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

-6.8% Computed

FY2026 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

FY2017 Revenue: 173.4M USDFY2017 Net income: 22.8M USDFY2018 Revenue: 189.3M USDFY2018 Net income: -3.2M USDFY2019 Revenue: 200.7M USDFY2019 Net income: -1.6M USDFY2020 Revenue: 193.0M USDFY2020 Net income: 2.4M USDFY2021 Revenue: 152.8M USDFY2021 Net income: -2.2M USDFY2022 Revenue: 184.8M USDFY2022 Net income: -15.1M USDFY2023 Revenue: 231.1M USDFY2023 Net income: 16.5M USDFY2024 Revenue: 269.1M USDFY2024 Net income: 21.9M USDFY2025 Revenue: 266.2M USDFY2025 Net income: 21.6M USDFY2026 Revenue: 199.7M USDFY2026 Net income: 2.6M USD
Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.
Named tests met
2 of 30 Which tests
The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 39.19x at the close of 2026-10-15 on FY2026 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 25.00x and 40.00x.

Today, against the Consumer Cyclical sector (302 companies), 39.19x sits at the 83rd percentile; the middle half of that group runs from 12.87x to 31.26x.

Is it good

Return on invested capital was 2.1% in FY2026, in the band labelled "Likely below the cost of capital" (below 8.0%), on lines anchored on Damodaran's cost-of-capital data, suggesting returns below the usual cost of the capital employed.

Today, against the Consumer Cyclical sector (222 companies), 2.1% sits at the 21st percentile; the middle half of that group runs from 3.6% to 14.8%.

Is it safe

Interest coverage was 12.20x in FY2026, in the band labelled "Comfortable" (6.00x and above), on lines anchored on Damodaran's interest-coverage table, suggesting an interest bill operating profit covers many times over.

Year by year against peers
Whether Virco Mfg. Corporation's return on invested capital stayed above the median of the Consumer Cyclical sector, year by year. (FY2024 to FY2026, 3 fiscal years of Virco Mfg. Corporation with a comparable figure)
The direction
Which way Virco Mfg. Corporation's return on equity has moved, and how steadily. (FY2017 to FY2026, 10 filed years of Virco Mfg. Corporation)
What could explain it
What in Virco Mfg. Corporation's filed statements could explain the movements. (9 readings drawn from the statement lines Virco Mfg. Corporation filed)
What to check next
What to check next on Virco Mfg. Corporation, and where in its filings. (5 questions for Virco Mfg. Corporation)
In one paragraph
One paragraph on Virco Mfg. Corporation's returns, cash, balance sheet and price. (16 of sixteen figures read for Virco Mfg. Corporation)

These are VIRC’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research VIRCPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2026 annual report: 10-K, filed Apr 8, 2026, accession 0001628280-26-024204.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Virco Mfg. Corporation: returns on capital and margins, each with its source
FigureValue, source and document
Return on invested capital, after tax2.1% ComputedFY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Return on equity2.4% ComputedFY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Return on capital employed, pre-tax2.6% ComputedFY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Return on assets1.5% ComputedFY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Gross margin40.7% ComputedFY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Operating margin1.8% ComputedFY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Net margin1.3% ComputedFY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
VIRC 1.3%
HOFT -9.7%VIOT 5.8%COOK -20.6%LCUT -4.2%KEQU 3.4%
-20.6%5.8%
Net margin: VIRC against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Virco Mfg. Corporation: leverage, liquidity and distress, each with its source
FigureValue, source and document
Debt to equity0.38 ComputedFY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Current ratio3.09 ComputedFY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Quick ratio1.31 ComputedFY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Interest coverage12.20x ComputedFY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Altman Z-score2.48 ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Net debt26.0M ComputedFY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Total assets 174.2MTotal liabilities 68.2MShareholders' equity 105.9MOwnsOwes, and equity
Total assets Total liabilities Shareholders’ equity
The balance sheet, line by line

Financial health

What Virco Mfg. Corporation owned and owed at the end of fiscal 2026, from the balance sheet it filed (10-K, filed Apr 8, 2026, 0001628280-26-024204).

Virco Mfg. Corporation: balance sheet position
Total assets174.2M FiledFY2026 10-K, filed Apr 8, 2026
Total liabilities68.2M FiledFY2026 10-K, filed Apr 8, 2026
Shareholders' equity105.9M FiledFY2026 10-K, filed Apr 8, 2026
Cash14.4M FiledFY2026 10-K, filed Apr 8, 2026
Total debt40.4M FiledFY2026 10-K, filed Apr 8, 2026
Net debt26.0M
Current ratio3.09
Debt to equity0.38

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Virco Mfg. Corporation: what the market charges, each with its source
FigureValue, source and document
Price to earnings39.19x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
P/E on trailing twelve months37.56x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book0.93x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Price to sales0.50x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Enterprise value to EBIT34.12x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Enterprise value to EBITDA12.74x ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Price to earnings over growth
Why n/a

We do not hold this figure for this company, so there is nothing to show.

n/a ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Diluted earnings per share0.16 USD FiledFY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Graham number4.92 USD ComputedFY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204

We publish no fair value or price target of our own. Value VIRC on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Virco Mfg. Corporation today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Virco Mfg. Corporation: valuation
Share price6.27 USD
Market capitalisation98.8M USD
Enterprise value to EBITDA12.74x
Graham number4.92 USD
Diluted earnings per share, FY20260.16 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Oct 3, 2016: low 1.66x, median 6.42x, high 252.50x, latest 37.56x. 1,358 trading days with a meaningful ratio, 1,162 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Virco Mfg. Corporation

  1. Hooker Furnishings Corporation (HOFT)Market cap 136.5M USD
  2. Viomi Technology Co., Ltd (VIOT)Market cap 96.3M USD
  3. Traeger, Inc. (COOK)Market cap 128.1M USD
  4. Lifetime Brands, Inc. (LCUT)Market cap 202.1M USD
  5. Kewaunee Scientific Corporation (KEQU)Market cap 93.2M USD

Same industry (Furnishings, Fixtures & Appliances) and size band (Micro, 50M to 300M), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Virco Mfg. Corporation: cash generation and what is paid out, each with its source
FigureValue, source and document
Free cash flow yield-6.8% ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Free cash flow-6.7M USD ComputedFY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Free cash flow margin-3.4% ComputedFY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Dividend yield1.6% ComputedClose of Oct 15, 2026 · FY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Payout ratio61.4% ComputedFY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
FY2017 Free cash flow: 1.5M USDFY2017 Net income: 22.8M USDFY2018 Free cash flow: -4.5M USDFY2018 Net income: -3.2M USDFY2019 Free cash flow: -3.0M USDFY2019 Net income: -1.6M USDFY2020 Free cash flow: 5.5M USDFY2020 Net income: 2.4M USDFY2021 Free cash flow: 5.6M USDFY2021 Net income: -2.2M USDFY2022 Free cash flow: -3.4M USDFY2022 Net income: -15.1M USDFY2023 Free cash flow: -7.1M USDFY2023 Net income: 16.5M USDFY2024 Free cash flow: 21.7M USDFY2024 Net income: 21.9M USDFY2025 Free cash flow: 26.8M USDFY2025 Net income: 21.6M USDFY2026 Free cash flow: -6.7M USDFY2026 Net income: 2.6M USD
Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Virco Mfg. Corporation: the eight ratios, with the fiscal year and filing date behind each.
FigureValueYearAs of
39.19xFY2026Oct 15, 2026
0.93xFY2026Oct 15, 2026
34.12xFY2026Oct 15, 2026
-6.8%FY2026Oct 15, 2026
2.1%FY2026Apr 8, 2026
1.6%FY2026Oct 15, 2026
0.38FY2026Apr 8, 2026
3.09FY2026Apr 8, 2026
0.50xFY2026Oct 15, 2026
n/aFY2026Oct 15, 2026
n/a This figure compares a year against the one before it, and we hold one filed year for this company.
2.48FY2026Oct 15, 2026
-2.29FY2026Apr 8, 2026
3/9FY2026Apr 8, 2026

The figures are computed from the accounts for fiscal 2026, the newest full year on file. 15 filed fiscal years on record, FY2011 to FY2026, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2017 to FY2026, read from the annual reports Virco Mfg. Corporation filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Virco Mfg. Corporation: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
YearRevenueOperating incomeNet incomeEPS, dilutedFree cash flowOperating marginReturn on equityFiling
FY2026199.7M3.7M2.6M0.16-6.7M1.8%2.4%10-K, Apr 8, 20260001628280-26-024204
FY2025266.2M27.9M21.6M1.3226.8M10.5%19.8%10-K, Apr 14, 20250001628280-25-017640
FY2024269.1M31.9M21.9M1.3421.7M11.8%24.0%10-K, Apr 12, 20240001628280-24-016004
FY2023231.1M10.6M16.5M1.02-7.1M4.6%24.3%10-K, Apr 28, 20230001628280-23-014114
FY2022184.8M-336.0K-15.1M-0.95-3.4M-0.2%-31.9%10-K, Apr 28, 20220001628280-22-011185
FY2021152.8M735.0K-2.2M-0.145.6M0.5%-4.1%10-K, Apr 28, 20210001628280-21-007933
FY2020193.0M5.9M2.4M0.155.5M3.1%4.3%10-K, Apr 30, 20200001628280-20-005961
FY2019200.7M2.3M-1.6M-0.10-3.0M1.2%-2.8%10-K, May 1, 20190001628280-19-005502
FY2018189.3M5.1M-3.2M-0.21-4.5M2.7%-5.5%10-K, Apr 27, 20180001628280-18-005275
FY2017173.4M5.9M22.8M1.491.5M3.4%38.4%10-K, Apr 25, 20170001628280-17-004284
  • Revenue, compound annual growth FY2017 to FY2026: 1.6%
  • Earnings, compound annual growth FY2017 to FY2026: -21.5%
  • Earnings per share, compound annual growth FY2017 to FY2026: -22.0%
  • Free cash flow: Free cash flow was not positive in both 2017 and 2026, so a compound rate across the window is not defined. Both figures are in the table.

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Virco Mfg. Corporation: accounting screens and published tests, each with its source
FigureValue, source and document
Beneish M-score-2.29 ComputedFY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Piotroski F-score3/9 ComputedFY2026 10-K, filed Apr 8, 2026, 0001628280-26-024204
Named tests met2 of 30 Computed
Beta1.05 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 2 met, 28 not met, 0 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)
Meets
Gross margin, turnover (Robert Novy-Marx); Book or below, low debt (Walter Schloss)
Does not
Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; EV/EBITDA and coverage; High yield, low payout; Dividends and buybacks; Low beta, profitable; ROIC at or above WACC; Near the 52-week low; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); P/E times P/B (Benjamin Graham); High returns, low debt; Owner earnings yield; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Cash-covered dividend; Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
Figures we could not read(2)
  • PEG Ratio: We do not hold this figure for this company, so there is nothing to show.
  • Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

More on this company

What this cannot tell you

  • 2 figures could not be read on this company: PEG Ratio, Eps Growth 5Y.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

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Analyze your own portfolio

ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.

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Risk disclaimer. This service is provided for research and education only. Nothing on it is investment advice, a recommendation, or an offer to buy or sell any security. Capital is at risk, and past performance does not indicate future results. Figures come from filed accounts and may be incomplete, delayed or later restated, so verify a number against the filing before you act on it.