EvoAir Holdings (EVOH) Stock Analysis & Winston Score

EvoAir Holdings Inc. is a small company focused on air quality and ventilation technology. It develops products designed to improve airflow and reduce energy use in buildings, targeting commercial and residential customers. The company operates in the broader HVAC and clean air industry, which has grown as businesses and governments pay more attention to indoor air quality.

EvoAir generates revenue primarily through product sales and, to a lesser extent, service contracts tied to its ventilation systems. The company appears to operate mainly in North America and is relatively early-stage, meaning it has a limited operating history and a small revenue base compared to established HVAC competitors like Carrier or Trane. The main risk the business faces is scaling up sales and distribution against much larger, well-funded rivals that already have strong brand recognition and deep customer relationships.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+231.2% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

EPS data limited

R&D Spend

$0/ year

0.0% of revenue

Research and development spending

Cash Runway

~0 months

$35,811 cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

Short runway — potential dilution ahead through share issuance

Revenue accelerating

EvoAir Holdings grew revenue 231% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin

5.5%

Thin — 5.5% gross margin

Operating Margin

-873.8%

Losing money on operations — -873.8%

ROCE

-2.8%

Weak — -2.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY

N/A

Data not available

EPS YoY

N/A

—

Data not available

EPS Consistency

N/A

Data not available

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Cash Flow

Cash Conversion

N/A

—

Data not available

FCF Margin

-381.3%

Burning cash (-381.3%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity

0.00

Conservative — low debt load (0.00)

Interest Cover

N/A

—

Data not available

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Valuation

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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