CTSNYSEPrinted Circuit BoardsFiscal year ends December 31
CTS CORP
Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Jul 28, 2026
$55.44+0.49 (+0.89%)
Close on Oct 19, 2026
- Market cap
- $1.61B
- P/E (TTM)
- 23.7
- Dividend yield
- 0.29%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
38.4%+5.6 pts over 5 years
Operating margin
15.3%+4.6 pts over 5 years
Net margin
12.1%+3.9 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.2% | -2.7% | +5.0% | +3.5% | |
| Gross profit | +10.9% | -0.4% | +8.4% | +5.0% | |
| Operating income | +16.1% | -3.9% | +12.9% | +16.4% | |
| Net income | +17.7% | +3.1% | +13.5% | +25.1% | |
| EPS, diluted | +21.0% | +5.8% | +15.6% | +26.4% | |
| Free cash flow | +8.5% | -6.8% | +6.9% | +11.4% | |
| Dividend per share | 0.0% | 0.0% | 0.0% | 0.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 11.5% | 8.4% | 12.1% | |
| Return on assets | 6.9% | 5.5% | 8.5% | |
| Current ratio | 2.20 | 2.22 | 2.30 | |
| Interest coverage | 17.1× | 13.8× | 19.2× | |
| Inventory turnover | 9.6× | 6.5× | 6.3× | |
| Capex to revenue | 5.2% | 3.5% | 2.9% | |
| Diluted shares | 33M | 33M | 30M |
Where the cash went
Fiscal 2021 to 2025, five years combined
CTS generated $496.50M from operations and spent $274.00M on capital expenditure, dividends and share buybacks. 29% of that went back into the business.
Generated
$496.50M
Used
$274.00M
Capital expenditure$79.09M29%Dividends$24.98M9%Share buybacks$169.93M62%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin12.1%
×Asset turnover0.71×
×Equity multiplier1.42×
=Return on equity, FY202512.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 12.1% | 0.71× | 1.42× | 12.1% |
| FY2024 | 10.8% | 0.68× | 1.43× | 10.5% |
| FY2023 | 11.0% | 0.74× | 1.44× | 11.7% |
| FY2022 | 10.2% | 0.83× | 1.46× | 12.3% |
| FY2021 | -8.2% | 0.79× | 1.45× | -9.4% |
| FY2020 | 8.2% | 0.67× | 1.53× | 8.4% |
| FY2019 | 7.7% | 0.79× | 1.52× | 9.2% |
| FY2018 | 9.9% | 0.86× | 1.51× | 12.9% |
| FY2017 | 3.4% | 0.80× | 1.60× | 4.4% |
| FY2016 | 8.7% | 0.79× | 1.67× | 11.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$65.32M
- Cash generatingOperating cash flow above zero$102.11M
- Return on assets improvedROA up on the prior year7.5% → 8.5%
- Earnings backed by cashOperating cash flow above net income$102.11M vs $65.32M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.46 → 2.30
- No dilutionShare count did not rise31M → 30M
- Gross margin improvedGross margin up on the prior year36.44% → 38.43%
- More efficientAsset turnover rose0.69 → 0.71