Stocks · Financial Services · Asset Management
CION Investment Corporation CION
$7.00 -2.10% Close, Oct 2, 2026 · NYSE · Market cap $348.5M
Weak trendHigh risk
Next earnings report: Nov 5, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin widened to 44.6% from -10.6% a year earlier.
- Revenue over the last four quarters was $137.2M, up 42.8% from a year earlier, slowing from 59.5% a quarter earlier.
- The shares trade at 25.9× trailing earnings, higher than 94% of the company's own readings over the past five years.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 8%
- FCF growth (TTM, YoY)Bottom 47%
- Revenue growth, 3-year CAGRTop 26%
- Revenue growth accelerationBottom 11%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 37%
- Gross marginBottom 25%
- Operating marginTop 11%
- Cash conversion (OCF / net income)Top 5%
- Accruals (lower is better)Top 25%
- Net debt / EBITDA (lower is better)Bottom 5%
- Interest coverBottom 35%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 36%
- Free-cash-flow yieldTop 18%
- EBITDA / enterprise valueBottom 36%
- Sales / enterprise valueBottom 8%
- P/E vs own 5-year history (lower is better)Bottom 10%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 10%
- 6-month returnBottom 41%
- 1-year return vs S&P 500Bottom 12%
- Distance from 52-week highBottom 14%
- Trend checklist (0–4)Bottom 9%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 11%
- Consecutive EPS beatsBottom 43%
- Upside to consensus price targetBottom 6%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 14%
- Maximum drawdown, 3 yearsBottom 15%
- Beta vs S&P 500 (lower is better)Bottom 22%
- Net debt / EBITDA (lower is better)Bottom 5%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 59.5% | 42.8% | ↓ |
| Gross margin | 1.7% | 52.3% | ↑ |
| Operating margin | -10.6% | 44.6% | ↑ |
| FCF margin | 48.7% | 39.0% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 42.8% | 59.5% | ↓ | Top 8% |
| Gross margin | 52.3% | 1.7% | ↑ | Bottom 25% |
| Operating margin | 44.6% | -10.6% | ↑ | Top 11% |
| Net margin | 9.4% | -10.7% | ↑ | — |
| Free-cash-flow margin | 39.0% | 48.7% | ↓ | — |
| Return on invested capital | 3.3% | — | Top 37% | |
| Revenue growth, 3-year CAGR | 22.0% | — | Top 26% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 3.00×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.2%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.0%
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 18.27×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.7×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 19.33%
- Net buyback yield (TTM)
- 7.51%
- Shareholder yield
- 26.84%
- Share count change, 1 year
- -5.6%
- Share count change, 3-year CAGR
- -3.2%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 1
- Beats in the last 8 reports
- 3 of 8
- Average EPS surprise, last 4
- +25.8%
- Average 2-day reaction, last 8
- -2.1%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $6.50
- Target vs current price
- -7.1%
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 5, 2026 | +9.4% | -1.6% | +18.0% | +17.2% | — |
| May 7, 2026 | -7.4% | -5.3% | -12.9% | -11.3% | -19.9% |
| Mar 12, 2026 | -10.3% | -9.9% | -12.6% | -7.7% | -12.5% |
| Nov 6, 2025 | +111.4% | +7.0% | +9.2% | +8.8% | -2.4% |
| Aug 7, 2025 | -5.9% | +4.7% | +8.6% | +4.5% | -7.5% |
| May 8, 2025 | -2.7% | -3.8% | -0.6% | -7.4% | -0.8% |
| Mar 13, 2025 | -72.2% | -4.3% | -9.4% | -22.4% | -24.4% |
| Nov 7, 2024 | +5.3% | -3.6% | -4.2% | -3.7% | -3.1% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 5, 2026 | $0.29 | $0.27 | +9.4% | $49.8M |
| May 7, 2026 | $0.25 | $0.27 | -7.4% | $49.5M |
| Mar 12, 2026 | $0.35 | $0.39 | -10.3% | $53.8M |
| Nov 6, 2025 | $0.74 | $0.35 | +111.4% | $61.3M |
| Aug 7, 2025 | $0.32 | $0.34 | -5.9% | $19.9M |
| May 8, 2025 | $0.36 | $0.37 | -2.7% | -$16.6M |
| Mar 13, 2025 | $0.10 | $0.36 | -72.2% | $57.9M |
| Nov 7, 2024 | $0.40 | $0.38 | +5.3% | $26.2M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 25.9× | 9.3× | 94th | Bottom 36% |
| P/E (forward) | 6.2× | — | — | — |
| EV / EBITDA | 23.8× | — | — | Bottom 36% |
| EV / Sales | 10.94× | — | — | Bottom 8% |
| Free-cash-flow yield | 15.36% | — | — | Top 18% |
| Earnings yield | 3.86% | — | — | Bottom 36% |
P/E over the past five years
Range 4.3× – 27.0× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +5.4%
- 200-day average slope (20 days)
- -3.6%
- Distance from 50-day average
- -1.0%
- Distance from 200-day average
- -7.1%
- RSI (14)
- 43.7
- Relative volume
- 0.93×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 42.5%
- Volatility vs own 5-year history
- 87th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.97
- Correlation with S&P 500
- 0.40
- Current drawdown from 1-year high
- -31.4%
- Maximum drawdown, 3 years
- -52.9%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Mar 28, 2022 | Jul 30, 2026 | -60.6% | 1088 days | Not yet recovered |
| Dec 8, 2021 | Mar 1, 2022 | -20.6% | 56 days | 17 days (Mar 24, 2022) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $348.5M
- P/E (TTM)
- 25.9
- EPS, diluted (TTM)
- $0.27
- Revenue (TTM)
- $137.2M
- Dividend yield
- 22.29%
- 52-week range
- $5.83 – $10.40
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $163.8M | $110.8M | $192.2M | $142.8M | $201.3M |
| Gross profit | $132.0M | $61.1M | $106.6M | $45.9M | $149.8M |
| Operating income | $119.1M | $50.5M | $95.3M | $34.0M | $69.8M |
| Net income | $118.8M | $50.1M | $95.3M | $33.9M | -$20.6M |
| EPS (diluted) | $2.09 | $0.89 | $1.74 | $0.63 | -$0.39 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $26.2M | $33.9M | -$16.6M | $52.6M | $61.3M | -$15.9M | $49.8M | $42.1M |
| Net income | -$379,000 | $5.5M | -$42.7M | $27.3M | $35.9M | -$41.1M | -$23.0M | $41.2M |
| EPS (diluted) | -$0.01 | $0.10 | -$0.80 | $0.52 | $0.69 | -$0.80 | -$0.45 | $0.83 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | -$49.2M | $35.3M | $55.4M | $88.2M | $76.8M |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Free cash flow | -$49.2M | $35.3M | $55.4M | $88.2M | $76.8M |
| Dividends paid | -$56.0M | -$66.6M | -$92.0M | -$44.5M | -$78.0M |
| Net share buybacks | -$10.5M | -$15.4M | -$11.5M | -$11.3M | -$17.2M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $162.6M
- Total assets
- $1.85B
- Total liabilities
- $1.18B
- Total debt
- $1.16B
- Net debt
- $1.15B
- Shareholders’ equity
- $667.8M
As of Jun 30, 2026 (filed Aug 6, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Dec 11, 2026 | $0.10 | Dec 28, 2026 |
| Nov 13, 2026 | $0.10 | Nov 27, 2026 |
| Oct 16, 2026 | $0.10 | Oct 30, 2026 |
| Sep 11, 2026 | $0.10 | Sep 25, 2026 |
| Aug 14, 2026 | $0.10 | Aug 28, 2026 |
| Jul 17, 2026 | $0.10 | Jul 31, 2026 |
| Jun 12, 2026 | $0.10 | Jun 26, 2026 |
| May 15, 2026 | $0.10 | May 29, 2026 |
Short interest
- Shares sold short
- 1,811,582
- Days to cover
- 5.48
- Change vs previous report
- -6.0%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Oct 5, 2021
- 1-for-2