Chicago 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.

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.

Products and 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.

Customers and end 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.

Value-chain role

Tier 2 or Tier 3 automotive supplier manufacturing fastening components and assembly equipment sold to automakers and their direct suppliers. Products are incorporated into assembled components used in vehicle manufacturing.

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.

Source: SEC 10-K, filed 2026-03-24

Industry: Metalworkg Machinery & Equipment Peers: Fast Radius, Inc. Greenland Technologies Holding Corp Illinois Tool Works Inc P&F INDUSTRIES INC OriginClear Inc Taylor Devices Inc