Hurco Companies Inc HURC

IndustrialsMachinery, Tools, Heavy Vehicles, Trains & ShipsUnited States of America

Last close 22.05 USD on Nov 1, 2026, +42.7% year to date

Quant rating

Quant rating D Rank 448 of 486 in Industrials

Growth D 434 of 486
Valuation D 401 of 486
Quality D 450 of 486
Revisions D 447 of 486
Momentum B 131 of 486

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 143M
Enterprise value: 91M
52-week range: 14.51 – 24.48
3-year range: 13.28 – 27.89
Dividend yield: –
Beta (5 years): 0.74
Shares outstanding: 6.5M
Next earnings: –

About the company

Hurco Companies, Inc. is an international, industrial technology company that sells its three brands of computer numeric control (CNC) machine tools to the worldwide metal cutting and metal forming industry. The Company's brands of machine tools, Hurco and Milltronics, are equipped with interactive controls that include software that is proprietary to each respective brand. The Company designs these controls and develops the software. Its Takumi brand of CNC machine tools is equipped with industrial controls that are produced by third parties, which allows the customer to decide the type of control added to the Takumi CNC machine tool. The Company also produces high-value machine tool components and accessories and provides automation solutions that can be integrated with any machine tool. Its customers manufacture precision parts, tools, dies, and/or molds for industries such as aerospace, defense, medical equipment, energy, transportation and computer equipment.

Growth and profitability

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	179	187	228	251	235	–
Revenue growth	−4.3%	−18.1%	−9.2%	6.6%	37.8%	0.9%
EPS (basic, normalized)	–	–	–	–	–	–
EPS growth	–	–	–	–	–	–
Gross margin	18.5%	20.2%	24.7%	25.7%	23.9%	22.6%
Net margin	−8.5%	−8.9%	1.9%	3.2%	2.8%	−1.9%
ROE	−7.4%	−7.7%	2.0%	3.6%	2.9%	−1.4%

Balance sheet, last quarter
Cash & short-term investments (mil)	52.1
Current ratio	3.98x
Long-term debt (mil)	0
Net debt (mil)	−52.1
Total equity (mil)	192
Net debt / equity	−0.27x
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	179	−4.3%	0.5x	–	–	–	–	–	–

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	–	–	–	–	–	–	–	–
2027	–	–	–	–	–	–	–	–
2028	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Machinery, Tools, Heavy Vehicles, Trains & Ships

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
HURC Hurco Companies Inc	143M	–	−8.5%	0.74x	–	–	–	–
000150 Doosan Corp	10.5B	–	0.3%	4.64x	25.8x	20.2x	11.6x	9.2x
6141 DMG MORI CO., LTD.	2.7B	1.07x	0.9%	1.09x	26.8x	17.0x	7.5x	6.3x
GHM Graham Corp	821M	−1.04x	5.1%	4.27x	37.5x	30.2x	21.5x	16.4x
KRNT Kornit Digital Ltd.	753M	−285.92x	−6.5%	1.19x	83.0x	61.3x	117.6x	40.3x
ELMT Elmet Group Co	706M	–	3.4%	12.28x	34.9x	39.3x	19.0x	19.7x
Mean		−95.29x	−0.9%	4.04x	41.6x	33.6x	35.5x	18.4x
Median		−1.04x	0.6%	2.73x	34.9x	30.2x	19.0x	16.4x

Technical analysis

1M+0.3%
3M+6.1%
1Y+23.7%
3Y+12.5%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Hurco Companies Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	179	187	228	251	235	171
Cost of revenue	146	149	172	186	179	134
Gross profit	33.0	37.7	56.2	64.5	56.2	36.5
Selling, general & administrative expenses	39.2	42.1	45.4	48.3	42.8	37.9
Research & development	4.0	3.9	4.2	3.4	3.2	3.5
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	–	–	–	0	0	4.9
Other operating expenses	0	0	0	0	0	0
Operating income	−10.3	−8.3	6.6	12.7	10.2	−9.9
Net interest income (expense)	0.5	0.4	0.6	1.0	0.4	0.1
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−2.4	−2.0	−0.5	−1.8	−0.5	−1.0
Net income before taxes	−12.2	−9.8	6.8	11.9	10.1	−10.8
Provision for taxes	2.9	6.8	2.4	3.7	3.4	−4.6
Minority interest	–	–	–	–	–	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	−15.1	−16.6	4.4	8.2	6.8	−6.2
Extraordinary items	–	–	–	–	–	–
Net income	−15.1	−16.6	4.4	8.2	6.8	−6.2
EBIT, normalized	−10.3	−8.3	6.6	12.7	10.2	−5.0
EBITDA, normalized	−7.6	−4.7	10.8	16.7	14.4	−0.4
Basic EPS, normalized	–	–	–	–	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Hurco Companies Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	48.7	33.3	41.8	63.9	84.1	57.9
Receivables	27.9	36.7	40.0	38.4	42.6	27.7
Total inventory	143	153	158	156	148	150
Prepaid expenses	5.2	5.2	7.8	7.0	13.1	13.8
Other current assets	0.3	0.3	0.7	2.5	1.9	2.2
Total current assets	225	229	248	268	290	251
Property, plant & equipment	19.5	20.1	19.8	16.9	21.2	23.7
Goodwill	–	–	–	–	–	0
Intangibles	8.7	7.8	8.0	8.5	9.1	9.7
Long-term investments	9.0	10.8	9.8	9.2	9.6	8.4
Note receivable	–	–	–	–	–	–
Other long-term assets	2.0	1.3	4.7	3.4	3.2	2.5
Total assets	264	269	291	306	333	296
Liabilities
Accounts payable	26.1	25.0	29.7	40.7	48.9	33.0
Payable/accrued	–	–	–	–	–	–
Accrued expenses	16.6	17.0	19.0	21.5	22.0	16.3
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	–	–	–	–	–	–
Other current liabilities	9.3	5.9	6.4	11.1	10.3	1.2
Total current liabilities	52.0	47.8	55.0	73.3	81.2	50.4
Long-term debt	0	0	0	0	0	0
Minority interest	–	–	–	–	–	–
Other liabilities	13.5	13.7	13.4	10.3	13.3	14.1
Total liabilities	65.5	61.5	68.4	83.6	94.5	64.5
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	0.6	0.6	0.6	0.7	0.7	0.7
Additional paid-in capital	60.9	61.5	61.7	63.6	63.9	61.0
Retained earnings (accumulated deficit)	146	161	180	180	176	172
Treasury stock	–	–	–	–	–	–
Other equity	−9.0	−16.4	−20.2	−21.5	−1.7	−3.0
Total equity	199	207	222	223	238	231
Total liabilities & shareholders' equity	264	269	291	306	333	296

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Hurco Companies Inc, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	−15.1	−16.6	4.4	8.2	6.8	−6.2
Depreciation, depletion & amortization	2.7	3.5	4.1	3.9	4.2	4.5
Deferred taxes	1.1	4.8	−1.3	−0.7	−0.1	−0.5
Non-cash items	4.0	0.8	−1.1	3.9	2.5	8.3
Changes in working capital	24.9	5.0	−19.0	−19.4	18.8	4.9
Cash from operations	17.6	−2.5	−12.8	−4.0	32.2	10.9
Investing activities
Capital expenditures	−3.0	−2.9	−2.6	−2.2	−2.4	−1.7
Other investing cash flows	1.8	0.1	0.7	0.1	−1.0	0.5
Cash from investing	−1.2	−2.7	−1.9	−2.1	−3.3	−1.2
Financing activities
Financing cash flow items	−0.4	−0.3	−0.3	−0.2	−0.2	−0.5
Cash dividends paid	–	−2.1	−4.1	−3.9	−3.7	−3.4
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−2.0	−1.5	−4.3	−2.8	0.4	−6.9
Cash from financing	−2.4	−3.9	−8.8	−6.9	−3.5	−10.9
Foreign exchange effects	1.4	0.7	1.4	−7.2	0.9	2.0
Net change in cash	15.4	−8.5	−22.1	−20.1	26.2	0.9
Free cash flow	14.5	−5.4	−15.4	−6.2	29.8	9.3

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.