Worksport, Ltd. Common Stock (WKSP) — Analysis Summary
Worksport, Ltd. Common Stock (WKSP) has a market cap of $8.03M with year-over-year revenue growth of +89.8%. Net margin stands at -120.2%. The stock trades at a P/E ratio of -0.4.
Key Takeaways
- Revenue changed +89.8% year-over-year
- Net margin of -120.2%
- P/E ratio of -0.4
Compared to other companies in the MOTOR VEHICLE PARTS & ACCESSORIES sector, WKSP posted revenue growth of +89.8% and trades at a P/E of -0.4.
Worksport, Ltd. Common Stock (WKSP)
PREVIOUS CLOSE 2026-10-12 · MARKET DATA POLYGON · FINANCIALS SEC EDGAR
Red Flags & WarningsHigh Risk Signals
Multiple material red flags are active and deserve closer underwriting before relying on any valuation output.
Interest coverage at -40.3x — earnings do not cover interest payments
Operating margin at -112.0% — severe operating losses
Net margin at -114.5% — losses exceed revenue (possible one-time charges)
The latest filing shows negative free cash flow.
Worksport Ltd designs, develops, and manufactures products for markets including automotive accessories, consumer electronics, and residential and commercial HVAC systems. The company leverages a growing intellectual property portfolio of patents, designs, and trademarks covering products such as tonneau covers, solar-integrated tonneau covers, portable power stations, hydrogen-based green energy systems, heat pumps, and EV charging solutions. Its segments include soft tonneau covers, consisting mainly of vinyl-wrapped tri-fold and quad-fold covers manufactured by third-party suppliers, and hard tonneau covers, which generate the majority of revenue in the United States and include aluminum tri-fold and quad-fold covers manufactured and assembled in the United States.
Sector
MOTOR VEHICLE PARTS & ACCESSORIES
Employees
122
Headquarters
WEST SENECA, NY
Exchange
XNAS
Systematic competitive advantage assessment based on 4yr data
This assessment is based on quantitative analysis of historical financial data and does not constitute investment advice. Moat ratings may change with industry and competitive dynamics.
First version surfaces recent SEC Forms 3, 4, and 5 activity. It does not yet parse individual buy/sell transactions.
Capital Structure
Cash Flow
Disclaimer: This is not financial advice. Data sourced from SEC EDGAR and Polygon.io. Past performance does not guarantee future results. Always conduct your own research before making investment decisions.