CTS Corporation (CTS) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 26	$0.61	$0.74	+21.3%	—	—	—
Q2 26	$0.52	$0.62	+19.2%	—	—	—
Q1 26	$0.6	$0.62	+3.3%	—	—	—
Q4 25	$0.61	$0.6	-1.6%	—	—	—
Q3 25	$0.55	$0.57	+3.6%	—	—	—
Q2 25	$0.49	$0.44	-10.2%	—	—	—
Q1 25	$0.54	$0.53	-1.9%	—	—	—
Q4 24	$0.54	$0.63	+16.7%	—	—	—
Q3 24	$0.53	$0.54	+1.9%	—	—	—
Q2 24	$0.41	$0.47	+14.6%	—	—	—
Q1 24	$0.44	$0.47	+6.8%	—	—	—
Q4 23	$0.54	$0.54	0.0%	—	—	—
Q3 23	$0.55	$0.59	+7.3%	—	—	—
Q2 23	$0.56	$0.61	+8.9%	—	—	—
Q1 23	$0.57	$0.56	-1.8%	—	—	—
Q4 22	$0.64	$0.62	-3.1%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$2.21	—	—	$541.3M	—
FY24	—	$1.91	—	—	$515.8M	—
FY23	—	$1.93	—	—	$550.4M	—
FY22	—	$1.86	—	—	$586.9M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$396.7M	$423M	$470.5M	$469M	$424.1M	$512.9M	$586.9M	$550.4M	$515.8M	$541.3M
YoY change	+3.76%	+6.63%	+11.2%	-0.32%	-9.58%	+21%	+14.4%	-6.21%	-6.3%	+4.95%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	396.7M	423M	470.5M	469M	424.1M	512.9M	586.9M	550.4M	515.8M	541.3M
Cost of revenue	256.3M	282.6M	305.5M	311.4M	285M	328.3M	376.3M	359.6M	326.6M	333.3M
Gross profit	140.4M	140.4M	165M	157.6M	139.1M	184.6M	210.5M	190.9M	189.2M	208M
Gross margin	35.4%	33.2%	35.1%	33.6%	32.8%	36%	35.9%	34.7%	36.7%	38.4%
Research & development	24M	25.1M	25.3M	26M	24.3M	23.9M	24.1M	24.9M	23.4M	25.3M
Selling, general & administrative	61.6M	71.9M	73.6M	70.4M	67.8M	82.6M	91.5M	83.8M	88.3M	98.7M
Operating expenses	85.7M	97.1M	98.9M	96.4M	92.1M	106.5M	115.6M	108.7M	111.7M	124M
Operating income	54.8M	43.3M	66.1M	61.2M	47M	78.2M	94.9M	82.1M	77.5M	84M
Operating margin	13.8%	10.2%	14%	13%	11.1%	15.2%	16.2%	14.9%	15%	15.5%
Non-operating income, net	4.9M	-1M	-7.7M	-10M	745K	-137.8M	-13.3M	-8.3M	-6.3M	1.9M
Pretax income	57.2M	40.3M	58.1M	50.3M	45.5M	-60.9M	80.7M	75.2M	71.2M	83.8M
Income tax	22.9M	25.8M	11.6M	14.1M	10.8M	-19M	21.2M	14.6M	13.1M	18.5M
Net income	34.4M	14.4M	46.5M	36.1M	34.7M	-41.9M	59.6M	60.5M	58.1M	65.3M
Net margin	8.67%	3.42%	9.89%	7.71%	8.18%	-8.16%	10.2%	11%	11.3%	12.1%
EBITDA	71.5M	69.1M	87.8M	84.9M	77.3M	-30.2M	114.6M	114.3M	111.1M	124M
EPS	1.05	0.44	1.41	1.11	1.07	-1.3	1.86	1.93	1.91	2.21
Diluted EPS	1.03	0.43	1.39	1.09	1.06	-1.3	1.85	1.92	1.89	2.19

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	134.6M	124.7M	125.8M	130.2M	132.4M	127.4M	125.8M	135.3M	143M	137.3M	139.2M	144.8M
Cost of revenue	88.2M	82.6M	80.7M	83.8M	82.6M	79.5M	79.2M	82.9M	87.6M	83.6M	84.2M	84.7M
Gross profit	46.4M	42.1M	45.1M	46.4M	49.8M	47.9M	46.5M	52.4M	55.3M	53.7M	55M	60M
Gross margin	34.5%	33.7%	35.9%	35.6%	37.6%	37.6%	37%	38.7%	38.7%	39.1%	39.5%	41.5%
Research & development	6.3M	5.3M	6.6M	6.1M	5M	5.7M	6.2M	6.3M	6.9M	5.9M	6.6M	4.8M
Selling, general & administrative	18.7M	19.5M	22.3M	21.3M	22.5M	22.2M	23.6M	23.1M	27.2M	24.8M	26M	28.4M
Operating expenses	25M	24.8M	28.9M	27.4M	27.5M	27.9M	29.8M	29.4M	34.1M	30.6M	32.6M	33.2M
Operating income	21.4M	17.3M	16.2M	19M	22.2M	20M	16.7M	23M	21.2M	23.1M	22.4M	26.9M
Operating margin	15.9%	13.9%	12.9%	14.6%	16.8%	15.7%	13.3%	17%	14.8%	16.8%	16.1%	18.6%
Non-operating income, net	-2.6M	-386K	-3.2M	-1.8M	533K	-1.9M	106K	453K	-923K	2.3M	-467K	-524K
Pretax income	18.7M	17.6M	13.7M	17.8M	22.4M	17.4M	16.1M	23M	19.7M	24.9M	21.7M	26.2M
Income tax	4.8M	2.3M	2.5M	3.1M	3.8M	3.7M	2.8M	4.5M	6M	5.2M	4.5M	7.1M
Net income	14M	15.3M	11.1M	14.7M	18.7M	13.6M	13.4M	18.5M	13.7M	19.7M	17.2M	19.2M
Net margin	10.4%	12.3%	8.84%	11.3%	14.1%	10.7%	10.6%	13.7%	9.57%	14.4%	12.4%	13.2%
EBITDA	30.2M	26.8M	23.5M	27.1M	32.5M	28M	26.2M	33M	29.9M	34.9M	31.6M	35.8M
EPS	0.45	0.49	0.36	0.48	0.62	0.45	0.45	0.62	0.47	0.68	0.6	0.67
Diluted EPS	0.44	0.49	0.36	0.48	0.61	0.45	0.44	0.62	0.46	0.67	0.59	0.66

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	733.1M	847M	855M	981.3M	1.1B	1.2B	1.3B	1.4B	1.6B	1.3B	1.7B
Enterprise value	709.4M	809.7M	804.1M	1B	1.1B	1.1B	1.2B	1.3B	1.6B	1.3B	1.7B
Shares outstanding	32.7M	32.9M	33M	32.7M	32.3M	32.3M	32M	31.4M	30.4M	29.5M	29.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	21.3	58.6	18.4	27.1	32	—	21.2	22.7	27.6	19.4	24.8
P/S	1.85	2	1.82	2.09	2.62	2.31	2.15	2.49	3.11	2.34	3
P/B	2.31	2.46	2.26	2.42	2.62	2.56	2.49	2.6	3.02	2.29	2.95
EV/EBITDA	9.92	11.7	9.16	11.9	14.2	-37.2	10.6	11.4	14.6	10.2	13.3
EV/Sales	1.79	1.91	1.71	2.15	2.59	2.18	2.07	2.37	3.15	2.34	2.98
Earnings yield	4.69%	1.71%	5.44%	3.68%	3.13%	—	4.73%	4.41%	3.62%	5.16%	4.04%
FCF yield	3.64%	4.72%	3.47%	4.35%	5.58%	5.94%	8.48%	5.4%	5.03%	6.83%	4.26%
PEG	—	—	—	—	—	—	—	—	—	—	3.07

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	35.4%	33.2%	35.1%	33.6%	32.8%	36%	35.9%	34.7%	36.7%	38.4%	41.5%
Operating margin	13.8%	10.2%	14%	13%	11.1%	15.2%	16.2%	14.9%	15%	15.5%	17.4%
Net margin	8.67%	3.42%	9.89%	7.71%	8.18%	-8.16%	10.2%	11%	11.3%	12.1%	12.4%
ROE	10.8%	4.2%	12.3%	8.92%	8.19%	-9.03%	11.8%	11.5%	10.9%	11.8%	12.4%
ROA	6.64%	2.68%	8.49%	5.62%	5.54%	-6.3%	7.96%	8.17%	7.59%	8.55%	7.27%
ROIC	11.2%	5.08%	16.2%	10.2%	8.67%	19.7%	15.3%	14.4%	11.4%	11.9%	12.7%
Return on tangible assets	13%	5.48%	16.3%	13.9%	13.9%	-13.7%	26.2%	27.8%	150.6%	172%	80%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	2.2	2.28	2.3	2.45	2.22	2.53	2.89	3.29	2.5	2.3	2.61
Quick ratio	1.91	1.92	1.88	2.01	1.79	2.1	2.34	2.67	1.95	1.82	2.07
Debt / equity	0.28	0.22	0.13	0.31	0.19	0.16	0.22	0.18	0.22	0.15	0.16
Debt / assets	0.17	0.14	0.09	0.2	0.13	0.11	0.15	0.13	0.15	0.11	0.11
Net debt / EBITDA	-0.33	-0.54	-0.58	0.32	-0.14	2.21	-0.41	-0.59	0.2	0	-0.13
Interest coverage	16.5	13	28.9	20	14.9	-27.8	37.8	23.6	17.8	20.4	28
Effective tax rate	39.9%	64.1%	19.9%	28.1%	23.7%	0%	26.2%	19.5%	18.4%	22%	24.6%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	12.1	12.9	14.2	14.3	13.1	15.9	18.4	17.6	17	18.3	19.5
EPS (basic)	1.05	0.44	1.41	1.11	1.07	-1.3	1.86	1.93	1.91	2.21	2.21
EPS (diluted)	1.03	0.43	1.39	1.09	1.06	-1.3	1.85	1.92	1.89	2.19	2.39
Book value per share	9.71	10.5	11.4	12.4	13.1	14.3	15.8	16.8	17.5	18.7	20.1
FCF per share	0.82	1.21	0.9	1.3	1.92	2.18	3.34	2.36	2.65	2.93	3.16
Cash per share	3.48	3.45	3.06	3.07	2.84	4.38	4.91	5.23	3.1	2.79	3.78
Capex per share	—	—	—	—	—	—	—	—	—	0.53	0.61

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	2.91%	3.11%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	15.4%	16.1%
Payout ratio	15.2%	36.4%	11.4%	14.5%	14.9%	-12.4%	8.61%	8.33%	8.41%	7.27%	6.69%
Dividend yield	0.71%	0.62%	0.62%	0.53%	0.47%	0.44%	0.41%	0.37%	0.3%	0.38%	0.27%

Yield

0.27%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.04

ex-dividend Sep 25, 2026

Payout ratio

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 25, 2026	$0.04
Jun 26, 2026	$0.04
Mar 27, 2026	$0.04

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$134.6M	$124.7M	$125.8M	$130.2M	$132.4M	$127.4M	$125.8M	$135.3M	$143M	$137.3M	$139.2M	$144.8M
YoY change	-11.4%	-12.4%	-13.9%	-10.3%	-1.58%	+2.2%	+0.02%	+3.95%	+7.96%	+7.72%	+10.7%	+7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	113.8M	113.6M	100.9M	100.2M	91.8M	141.5M	156.9M	163.9M	94.3M	82.3M
Receivables	62.6M	70.6M	79.5M	78M	81M	82.2M	90.9M	78.6M	77.6M	88.1M
Inventory	28.7M	36.6M	43.5M	42.2M	45.9M	49.5M	62.3M	60M	53.6M	52.9M
Total current assets	215.7M	233.6M	239.4M	237.5M	233.2M	289.1M	325.8M	319.3M	244.3M	252.7M
Property, plant & equipment	18.5M	24M	28.9M	61.3M	51.4M	48.9M	48.1M	44.8M	44.3M	39M
Goodwill & intangibles	252.2M	276M	262.5M	382.5M	377.2M	359.4M	520.8M	523.2M	727.5M	726.3M
Total assets	517.7M	539.7M	548.3M	643.4M	626M	664.5M	748.5M	741.2M	766.1M	764.3M
Accounts payable	40M	49.2M	52M	48.2M	50.5M	55.5M	53.2M	43.5M	42.6M	48.2M
Short-term debt	1M	—	—	2.8M	3.3M	3.4M	3.9M	4.4M	4.7M	3.5M
Total current liabilities	98.1M	102.4M	104M	96.9M	104.9M	114.1M	112.5M	97M	97.6M	109.7M
Long-term debt	89.1M	76.3M	50M	124.6M	77.8M	71.4M	105.4M	92.5M	112.4M	79.3M
Total liabilities	199.8M	195.9M	170.4M	238.1M	202.4M	200.9M	242.3M	214.3M	235.3M	212.5M
Shareholders' equity	317.9M	343.8M	377.9M	405.2M	423.7M	463.6M	506.2M	526.8M	530.9M	551.8M
Total debt	90.1M	76.3M	50M	127.4M	81.1M	74.7M	109.4M	96.9M	117.1M	82.8M
Net debt	-23.7M	-37.3M	-50.9M	27.2M	-10.7M	-66.7M	-47.5M	-67M	22.8M	499K

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	160.1M	163.9M	162.4M	161.2M	94.9M	94.3M	90.3M	99.4M	110.3M	82.3M	90.9M	107.5M
Receivables	89.6M	78.6M	80.7M	85.4M	86.4M	77.6M	81.4M	85.6M	85.9M	88.1M	93.8M	92.2M
Inventory	65.4M	60M	57.8M	51.7M	57.3M	53.6M	53.9M	57.1M	54.2M	52.9M	57.3M	59.6M
Total current assets	334.3M	319.3M	318.2M	314.9M	255.6M	244.3M	243.5M	261.8M	276.2M	252.7M	266M	286.4M
Property, plant & equipment	47.3M	44.8M	42.4M	41.8M	44.4M	44.3M	43.2M	41.8M	40.8M	39M	45.4M	46.9M
Goodwill & intangibles	515.9M	523.2M	512.6M	505.8M	751.4M	727.5M	730.6M	738.7M	729.4M	726.3M	714.6M	704.3M
Total assets	754M	741.2M	732.8M	725.6M	789.4M	766.1M	765.5M	784.7M	790.4M	764.3M	777.2M	791.5M
Accounts payable	49.8M	43.5M	45.6M	40.9M	45M	42.6M	43.2M	47.3M	48.1M	48.2M	50.3M	50M
Short-term debt	4.4M	4.4M	4.4M	4.4M	4.6M	4.7M	4.3M	4.6M	3.6M	3.5M	4.1M	4.4M
Total current liabilities	103.4M	97M	95.9M	92.4M	103.8M	97.6M	92.4M	100.5M	104.8M	109.7M	105.4M	109.8M
Long-term debt	102.7M	92.5M	91.3M	87.7M	124.7M	112.4M	107.9M	108M	113.5M	79.3M	90.9M	85.5M
Total liabilities	231.3M	214.3M	211.6M	202.9M	258.6M	235.3M	227.3M	234.6M	242.7M	212.5M	219.7M	218.7M
Shareholders' equity	522.7M	526.8M	521.3M	522.8M	530.8M	530.9M	538.2M	550.2M	547.7M	551.8M	557.5M	572.8M
Total debt	107.1M	96.9M	95.7M	92.1M	129.3M	117.1M	112.2M	112.6M	117.1M	82.8M	95M	89.9M
Net debt	-53M	-67M	-66.7M	-69.1M	34.4M	22.8M	21.9M	13.1M	6.8M	499K	4.1M	-17.6M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	34.4M	14.4M	46.5M	36.1M	34.7M	-41.9M	59.6M	60.5M	58.1M	65.3M
Depreciation & amortization	19M	20.7M	22.5M	24.6M	26.7M	26.9M	29.8M	28.7M	30.9M	34.5M
Stock-based compensation	2.7M	4.2M	5.3M	5M	3.4M	6.1M	7.7M	5.2M	5.7M	4.9M
Change in working capital	-9.4M	-4.1M	-15.3M	948K	6.5M	-3.7M	22.5M	5.8M	10.8M	-4.8M
Operating cash flow	60M	51.9M	58M	70.8M	69.5M	-43.6M	124.1M	97.9M	103M	102.1M
Capital expenditure	—	—	—	—	—	—	—	—	—	-15.7M
Investing cash flow	-60.8M	-18.6M	3K	-73.8M	-8.3M	-255K	-96.9M	-3.4M	-121.9M	-15.7M
Dividends paid	-5.2M	-5.3M	-5.3M	-5.2M	-5.2M	-5.2M	-5.1M	-5M	-4.9M	-4.8M
Share repurchases	0	0	-9.4M	-11.7M	-8.1M	-8.8M	-21.4M	-40.9M	-42.6M	-56.2M
Financing cash flow	-8.6M	-22M	-42.5M	30.1M	-61.3M	-20.7M	4.3M	-65.4M	-27.9M	-98.4M
Net change in cash	-9.4M	11.3M	15.5M	27.1M	-127K	-64.5M	31.6M	29.1M	-46.8M	-12.1M
Free cash flow	26.7M	40M	29.7M	42.7M	61.9M	70.5M	106.9M	74.1M	80.6M	86.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	14M	15.3M	11.1M	14.7M	18.7M	13.6M	13.4M	18.5M	13.7M	19.7M	17.2M	19.2M
Depreciation & amortization	7.3M	7.3M	7.3M	7.3M	8M	8.3M	8.5M	8.6M	8.8M	8.7M	8.8M	8.8M
Stock-based compensation	1.4M	540K	1.2M	1.3M	1.4M	1.7M	1.6M	616K	1.2M	1.5M	2M	2M
Change in working capital	-194K	12.7M	2.3M	-4.6M	7.5M	5.6M	-3.3M	-567K	321K	-1.3M	-4.8M	-3.1M
Operating cash flow	21.6M	33.1M	21M	17.8M	34.9M	29.2M	19.6M	26.2M	29M	29.2M	17.3M	33.4M
Capital expenditure	—	—	—	—	—	—	—	—	-4.8M	-3.2M	-5M	-4.6M
Investing cash flow	0	0	0	0	-121.9M	0	—	—	-4.8M	-3.2M	-5M	-4.6M
Dividends paid	-1.3M	-1.2M	-1.2M	-1.2M	-1.2M	-1.2M	-1.2M	-1.2M	-1.2M	-1.2M	-1.2M	-1.1M
Share repurchases	-8.3M	-15M	-12M	-10.9M	-11.9M	-7.8M	-6.5M	-16.5M	-16.6M	-16.6M	-8.6M	-3.4M
Financing cash flow	-10M	-25.5M	-16.3M	-15.8M	24.6M	-20.4M	-15.9M	-16.5M	-15.1M	-51M	-6.4M	-12.3M
Net change in cash	11.7M	7.6M	4.7M	2.1M	-62.4M	8.8M	3.7M	9.7M	9.2M	-25M	5.9M	16.6M
Free cash flow	19.4M	28.6M	14.3M	15M	31.5M	19.9M	11.1M	25.1M	24.2M	26M	12.3M	28.9M

Date	Ratio
Aug 13, 1999	2:1
Nov 25, 1997	3:1

CTS Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history