CoreWeave, Inc. (CRWV) Stock Analysis
CoreWeave, Inc. (CRWV) Stock Analysis
Analysis from 10-Q filed 2025-11-13. Data as of Q4 2025.
Overall Grade: F (Concerning)
CoreWeave, Inc. faces challenges in financial performance that warrant careful analysis.
| Metric | Value | Context |
|---|---|---|
| ROIC | -0.2% | Below expectations |
| FCF Margin | -141.3% | Cash flow pressure |
| Debt/Equity | 6.4x | Elevated debt |
Investment Thesis: Financial metrics indicate concerning business quality with areas requiring attention.
Explore CoreWeave, Inc.: Earnings History | Filing Intelligence | ROIC Analysis
Profitability: CoreWeave, Inc. earns -0.2% ROIC, Bottom 50% in Technology
CoreWeave, Inc.'s trailing-twelve-month ROIC of -0.2% ranks Bottom 50% in Technology companies (sector median: 5.2%), driven by NOPAT margin of -0.9% combined with asset turnover of 0.2x. Source: 10-Q filed 2025-11-13. Gross margin of 71.7% with operating margin at -0.9% reflects strong pricing power.
| Metric | CRWV | Rating | Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | -0.2% | Red flag | Below sector median of 5.2% |
| Return on Equity (ROE) | -48.3% | Red flag | Moderate equity returns |
| Gross Margin | 71.7% | Excellent | Strong pricing power |
| Operating Margin | -0.9% | Warning | Moderate operational efficiency |
Cash Flow: CoreWeave, Inc. generates $-7.3B FCF at -141.3% margin, positive NaN/8 quarters
CoreWeave, Inc. generated $-7.3B in free cash flow (TTM), a -141.3% FCF margin. FCF was positive in N/A of the last 8 quarters. Source: 10-Q filed 2025-11-13.
| Metric | CRWV | Rating | Context |
|---|---|---|---|
| Free Cash Flow Margin | -141.3% | Red flag | Thin cash margins |
| Free Cash Flow (TTM) | $-7.3B | Red flag | Cash burn |
| OCF/Net Income | -2.6x | Warning | Potential accrual concerns |
| FCF Consistency (8Q) | N/A | Warning | Variable cash flow |
Balance Sheet: CoreWeave, Inc. at 6.4x leverage
CoreWeave, Inc.'s debt-to-equity ratio of 6.4x reflects high leverage. Total debt of $21.4B offset by $4.2B in cash. Source: 10-Q filed 2025-11-13.
| Metric | CRWV | Rating | Context |
|---|---|---|---|
| Debt to Equity | 6.4x | Red flag | Elevated leverage |
| Net Cash Position | $-17.2B | Warning | Net debt position |
Valuation: CoreWeave, Inc. trades at -22.7x earnings
CoreWeave, Inc. trades at a P/E of -22.7x. Free cash flow yield of -23.3% reflects market expectations for growth.
| Metric | CRWV | Rating | Context |
|---|---|---|---|
| P/E Ratio | -22.7x | Red flag | Reasonable valuation |
| EV/Sales | 7.9x | Adequate | Growth premium priced in |
| FCF Yield | -23.3% | Warning | Lower cash yield |
Capital Allocation: CoreWeave, Inc. returns 0.0% shareholder yield
CoreWeave, Inc.'s total shareholder yield is 0.0% (dividends + buybacks). Source: 10-Q filed 2025-11-13.
| Metric | CRWV | Rating | Context |
|---|---|---|---|
| Total Shareholder Yield | 0.0% | Warning | Dividend + buyback yield combined |
| Total Capital Returned (TTM) | $29.0M | Good | Dividends + buybacks returned to shareholders |
Sector Rankings
| Metric | Value | Percentile | vs Median |
|---|---|---|---|
| Return on Invested Capital (ROIC) | -0.2% | Bottom 50% | -0.0x below |
| Free Cash Flow Margin | -141.3% | Bottom 10% | -15.6x below |
| Gross Margin | 71.7% | Top 50% | 1.4x above |
| Operating Margin | -0.9% | Bottom 50% | -0.2x below |
| Return on Equity (ROE) | -48.3% | Top 5% | -9.9x below |
Financial Scorecard
| Metric | CRWV | Rating | Sector Context |
|---|---|---|---|
| Return on Invested Capital (ROIC) | -0.2% | Red flag | Bottom 50% of sector (median: 5.2%) |
| Free Cash Flow Margin | -141.3% | Red flag | Thin cash margins |
| Gross Margin | 71.7% | Excellent | Top 50% of sector (median: 51.8%) |
| Debt to Equity Ratio | 640.9% | Red flag | High financial leverage |
| Free Cash Flow Yield | -23.3% | Red flag | Growth-focused valuation |
Frequently Asked Questions
Q: What is CoreWeave, Inc.'s Return on Invested Capital (ROIC)?
CoreWeave, Inc. (CRWV) has a trailing twelve-month Return on Invested Capital (ROIC) of -0.2%. This compares below the sector median of 5.2%. An ROIC below 8% suggests the company may be destroying shareholder value.
Q: What is CoreWeave, Inc.'s Free Cash Flow Margin?
CoreWeave, Inc. (CRWV) has a free cash flow margin of -141.3%, generating $-7.3 billion in free cash flow over the trailing twelve months. Negative free cash flow means the company is consuming cash, which may require financing.
Q: Is CoreWeave, Inc. stock overvalued or undervalued?
CoreWeave, Inc. (CRWV) trades at a P/E ratio of -22.7x, which is above the sector median of N/A. The EV/Sales multiple is 7.9x.
Q: How much debt does CoreWeave, Inc. have?
CoreWeave, Inc. (CRWV) has a debt-to-equity ratio of 6.4x with total debt of $21.4 billion. Net debt position is $17.2 billion.
Q: What is CoreWeave, Inc.'s revenue and earnings growth?
CoreWeave, Inc. (CRWV) grew revenue by 167.9% year-over-year. Earnings per share increased by 24.4% compared to the prior year. Double-digit revenue growth indicates strong demand and market share gains.
Q: How does CoreWeave, Inc. compare to competitors in Technology?
Compared to other companies in Technology, CoreWeave, Inc. (CRWV) shows: ROIC of -0.2% is below the sector median of 5.2% (Bottom 38%). FCF margin of -141.3% trails the sector median of 9.1%. Gross margin at 71.7% is 19.8 percentage points higher than sector peers. These rankings are based on MetricDuck's analysis of all Technology companies with available SEC filings.
Q: What warning signs should I watch for with CoreWeave, Inc.?
Investors in CoreWeave, Inc. (CRWV) should monitor these potential warning signs: 1) FCF margin is thin at -141.3%, leaving limited buffer for economic downturns. 2) Debt-to-equity of 6.4x is elevated. Regular monitoring of SEC filings and quarterly trends is recommended.
Data Source: Data sourced from 10-Q filed 2025-11-13. TTM metrics as of Q4 2025.
Methodology: Financial metrics calculated from SEC 10-K and 10-Q filings using standardized formulas. Sector comparisons use peer group based on SIC code.
Scope: This analysis covers SEC filing fundamentals — profitability, cash flow, balance sheet, and valuation metrics. For analyst estimates and price targets, consult sell-side research.
This analysis is for informational purposes only and does not constitute investment advice.