WORKHORSE GROUP INC (WKHS) Stock Fundamental Analysis

NASDAQ:WKHS • US98138J5039

3.61 USD
-0.06 (-1.63%)
At close: Feb 20, 2026
3.6705 USD
+0.06 (+1.68%)
After Hours: 2/20/2026, 8:10:35 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

2

Taking everything into account, WKHS scores 2 out of 10 in our fundamental rating. WKHS was compared to 35 industry peers in the Automobiles industry. WKHS may be in some trouble as it scores bad on both profitability and health. WKHS is valued quite expensively, but it does show have an excellent growth rating.


Dividend Valuation Growth Profitability Health

0

1. Profitability

1.1 Basic Checks

  • In the past year WKHS has reported negative net income.
  • WKHS had a negative operating cash flow in the past year.
  • WKHS had negative earnings in 4 of the past 5 years.
  • In the past 5 years WKHS always reported negative operating cash flow.
WKHS Yearly Net Income VS EBIT VS OCF VS FCFWKHS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100M -200M -300M -400M

1.2 Ratios

  • With a Return On Assets value of -55.19%, WKHS is not doing good in the industry: 68.57% of the companies in the same industry are doing better.
  • With a Return On Equity value of -200.91%, WKHS is not doing good in the industry: 62.86% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -55.19%
ROE -200.91%
ROIC N/A
ROA(3y)-86.71%
ROA(5y)-85.01%
ROE(3y)-162.31%
ROE(5y)-139.8%
ROIC(3y)N/A
ROIC(5y)N/A
WKHS Yearly ROA, ROE, ROICWKHS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -500 -1K

1.3 Margins

  • The Profit Margin and Operating Margin and Gross Margin are not available for WKHS so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
WKHS Yearly Profit, Operating, Gross MarginsWKHS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10K 20K 30K 40K

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

2. Health

2.1 Basic Checks

  • WKHS does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for WKHS has been increased compared to 1 year ago.
  • The number of shares outstanding for WKHS has been increased compared to 5 years ago.
  • Compared to 1 year ago, WKHS has an improved debt to assets ratio.
WKHS Yearly Shares OutstandingWKHS Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100K 200K 300K
WKHS Yearly Total Debt VS Total AssetsWKHS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

  • Based on the Altman-Z score of -11.99, we must say that WKHS is in the distress zone and has some risk of bankruptcy.
  • WKHS has a worse Altman-Z score (-11.99) than 65.71% of its industry peers.
  • A Debt/Equity ratio of 1.01 is on the high side and indicates that WKHS has dependencies on debt financing.
  • The Debt to Equity ratio of WKHS (1.01) is worse than 60.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.01
Debt/FCF N/A
Altman-Z -11.99
ROIC/WACCN/A
WACC8.77%
WKHS Yearly LT Debt VS Equity VS FCFWKHS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M

2.3 Liquidity

  • A Current Ratio of 1.21 indicates that WKHS should not have too much problems paying its short term obligations.
  • WKHS has a Current ratio of 1.21. This is comparable to the rest of the industry: WKHS outperforms 48.57% of its industry peers.
  • A Quick Ratio of 0.71 indicates that WKHS may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.71, WKHS is not doing good in the industry: 62.86% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.21
Quick Ratio 0.71
WKHS Yearly Current Assets VS Current LiabilitesWKHS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 81.61% over the past year.
  • The Revenue has grown by 16.74% in the past year. This is quite good.
  • WKHS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 77.08% yearly.
EPS 1Y (TTM)81.61%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%86.12%
Revenue 1Y (TTM)16.74%
Revenue growth 3YN/A
Revenue growth 5Y77.08%
Sales Q2Q%-4.94%

3.2 Future

  • Based on estimates for the next years, WKHS will show a very strong growth in Earnings Per Share. The EPS will grow by 40.23% on average per year.
  • The Revenue is expected to grow by 47.01% on average over the next years. This is a very strong growth
EPS Next Y92.31%
EPS Next 2Y40.23%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year61.29%
Revenue Next 2Y47.01%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
WKHS Yearly Revenue VS EstimatesWKHS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 5M 10M 15M
WKHS Yearly EPS VS EstimatesWKHS Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 2K -2K -4K -6K -8K

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Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings Ratio is negative for WKHS. In the last year negative earnings were reported.
  • Also next year WKHS is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
WKHS Price Earnings VS Forward Price EarningsWKHS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
WKHS Per share dataWKHS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -50 -100 -150 -200

4.3 Compensation for Growth

  • A more expensive valuation may be justified as WKHS's earnings are expected to grow with 40.23% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y40.23%
EPS Next 3YN/A

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for WKHS!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

WORKHORSE GROUP INC

NASDAQ:WKHS (2/20/2026, 8:10:35 PM)

After market: 3.6705 +0.06 (+1.68%)

3.61

-0.06 (-1.63%)

Chartmill FA Rating
GICS IndustryGroupAutomobiles & Components
GICS IndustryAutomobiles
Earnings (Last)11-10
Earnings (Next)03-30
Inst Owners0.64%
Inst Owner Change-90.18%
Ins Owners0.02%
Ins Owner Change0%
Market Cap31.77M
Revenue(TTM)10.62M
Net Income(TTM)-64.43M
Analysts45.71
Price Target7.96 (120.5%)
Short Float %17.92%
Short Ratio1.29
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)21.96%
Min EPS beat(2)-14.94%
Max EPS beat(2)58.86%
EPS beat(4)1
Avg EPS beat(4)-21.99%
Min EPS beat(4)-98.39%
Max EPS beat(4)58.86%
EPS beat(8)2
Avg EPS beat(8)-26.42%
EPS beat(12)4
Avg EPS beat(12)-18.27%
EPS beat(16)4
Avg EPS beat(16)-65.33%
Revenue beat(2)1
Avg Revenue beat(2)59.79%
Min Revenue beat(2)-22.06%
Max Revenue beat(2)141.65%
Revenue beat(4)1
Avg Revenue beat(4)1.8%
Min Revenue beat(4)-73.26%
Max Revenue beat(4)141.65%
Revenue beat(8)2
Avg Revenue beat(8)-17.02%
Revenue beat(12)2
Avg Revenue beat(12)-37.63%
Revenue beat(16)2
Avg Revenue beat(16)-203.4%
PT rev (1m)0%
PT rev (3m)1100%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-562.69%
EPS NY rev (1m)0%
EPS NY rev (3m)-661.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 2.99
P/FCF N/A
P/OCF N/A
P/B 0.99
P/tB 0.99
EV/EBITDA N/A
EPS(TTM)-225.6
EYN/A
EPS(NY)-26.32
Fwd EYN/A
FCF(TTM)-3.7
FCFYN/A
OCF(TTM)-3.69
OCFYN/A
SpS1.21
BVpS3.64
TBVpS3.64
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -55.19%
ROE -200.91%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-86.71%
ROA(5y)-85.01%
ROE(3y)-162.31%
ROE(5y)-139.8%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.09
Health
Industry RankSector Rank
Debt/Equity 1.01
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 0.49%
Cap/Sales 0.35%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.21
Quick Ratio 0.71
Altman-Z -11.99
F-Score5
WACC8.77%
ROIC/WACCN/A
Cap/Depr(3y)469.58%
Cap/Depr(5y)478.83%
Cap/Sales(3y)184.25%
Cap/Sales(5y)317.94%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)81.61%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%86.12%
EPS Next Y92.31%
EPS Next 2Y40.23%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)16.74%
Revenue growth 3YN/A
Revenue growth 5Y77.08%
Sales Q2Q%-4.94%
Revenue Next Year61.29%
Revenue Next 2Y47.01%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y36.59%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year60.96%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y77.98%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y73.67%
OCF growth 3YN/A
OCF growth 5YN/A

WORKHORSE GROUP INC / WKHS FAQ

Can you provide the ChartMill fundamental rating for WORKHORSE GROUP INC?

ChartMill assigns a fundamental rating of 2 / 10 to WKHS.


Can you provide the valuation status for WORKHORSE GROUP INC?

ChartMill assigns a valuation rating of 1 / 10 to WORKHORSE GROUP INC (WKHS). This can be considered as Overvalued.


Can you provide the profitability details for WORKHORSE GROUP INC?

WORKHORSE GROUP INC (WKHS) has a profitability rating of 0 / 10.


Can you provide the financial health for WKHS stock?

The financial health rating of WORKHORSE GROUP INC (WKHS) is 1 / 10.