Chicago Rivet & Machine Co

chicagorivet.com

What Do They Do?

Makes fasteners and automatic rivet-setting equipment for manufacturers, especially automotive and automotive-component makers.

How Do They Make Money?

Automotive sales are the largest business: customers generally pay when goods ship or services are completed. Some assembly-equipment contracts are billed against milestones as work progresses.

revenue

Segment	Share	Revenue	How money arrives
Automotive Sold outright	55% FY2022: 55%		Sold outright
NonAutomotive Sold outright	45% FY2022: 45%		Sold outright

Who Are Their Customers?

Customers are mainly businesses involved directly or indirectly in making automobiles and automotive components. The company solicits sales through employees and independent sales representatives.

Do Revenues Turn Into Profits?

No. It lost $1.1M in FY2025.

Operating income, FY2025

−4% of revenue

▼ −77% (Loss) vs FY2024 (−$5.2M, −19%)

Net income, FY2025

−4% of revenue

▼ −81% (Loss) vs FY2024 (−$5.6M, −21%)

Free cash flow, FY2025

−6% of revenue

▲ +94% (Loss) vs FY2024 (−$804.8K, −3%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▼ −1%; vs $7.3M in Q2 FY2025
Net income: ▲ +151% (Loss); vs −$395K in Q2 FY2025

Automotive share of revenue vs 54.2% in Q2 FY2025

May 14, 2026 Company temporarily suspends its quarterly cash dividend Management said it would redirect resources toward production needs, sales efforts and growth initiatives.

Shrinking. Revenue fell 18% in 4 years, from $34M in FY2021 to $27.9M in FY2025, about 5% a year.

Broader customer targets The older report described revenues as primarily coming from customers involved in automobile and component manufacturing. The latest report describes efforts to broaden beyond automotive, including outreach to industrial, construction and consumer-goods markets.

Revenue over time

Automotive NonAutomotive

$50M$25M$0

FY2021 FY2022 FY2023 FY2024 FY2025

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