Chicago Rivet & Machine Co
chicagorivet.comChicago Rivet & Machine Co. (CVR) is an Illinois-based industrial manufacturing company that produces rivets, cold-formed fasteners, screw-machine products, and automatic rivet-setting machines. It makes money through transactional product sales across two segments: Fasteners and Assembly Equipment. The Fastener segment, which includes wholly owned subsidiary H&L Tool Company Inc., is the larger revenue contributor, with the automotive industry representing the principal end market. Full-year 2025 net sales were $27,890,260, up 3% from $26,986,627 in 2024, though the company reported a net loss of $1,083,214, or ($1.12) per share, for FY2025. The company has disclosed substantial doubt about its ability to continue as a going concern, citing recurring operating losses, negative cash flows, and reduced liquidity. Foreign customer sales accounted for approximately 25% of total sales in 2025, up from 19% in 2024. The company was incorporated in Illinois in December 1927 and has no foreign operations.
Products & Services
Fastener segment: rivets, cold-formed fasteners and components, screw-machine products. Assembly Equipment segment: automatic rivet-setting machines and related parts, components, and tools. Fastener segment fourth-quarter 2025 revenues were $5,095,563 versus $3,603,518 in Q4 2024.
Revenue Model
Transactional product sales across two segments: Fasteners (rivets, cold-formed fasteners, screw-machine products) and Assembly Equipment (automatic rivet-setting machines, parts, components, and tools). Revenue is recognized upon product delivery to customers, primarily in the automotive sector.
Customers & Markets
Principal end market is the domestic automotive industry. Automotive customer sales within the Fastener segment were $3,264,290 in Q4 2025, up from $2,325,601 in Q4 2024. The company acknowledges concentration risk, noting that sales are concentrated with major customers. Foreign customers represented approximately 25% of total sales in FY2025.
Geographic Exposure
Operations are entirely U.S.-based with no foreign operations. Export sales to foreign customers accounted for approximately 25% of total sales in FY2025 and approximately 19% in FY2024.
Financial Snapshot
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