Stocks · Technology · Printed Circuit Boards

CTS CORP

CTS Clue Score64
United States Fiscal year ends December CIK 0000026058
$57.25 -0.10% Close, 9 Oct 2026
Price $57.25 +81.46% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue396.7Operating income63.2Net income34.4EPS, diluted1.03Fiscal year 2017Revenue423.0 +6.6%Operating income38.5Net income14.4 −58.0%EPS, diluted0.43 −58.3%Fiscal year 2018Revenue470.5 +11.2%Operating income61.0Net income46.5 +222.1%EPS, diluted1.39 +223.3%Fiscal year 2019Revenue469.0 −0.3%Operating income53.8Net income36.1 −22.3%EPS, diluted1.09 −21.6%Fiscal year 2020Revenue424.1 −9.6%Operating income45.1Net income34.7 −4.0%EPS, diluted1.06 −2.8%Fiscal year 2021Revenue512.9 +21.0%Operating income76.5Net income−41.9 −220.7%EPS, diluted−1.30 −222.6%Fiscal year 2022Revenue586.9 +14.4%Operating income93.0Net income59.6EPS, diluted1.85Fiscal year 2023Revenue550.4 −6.2%Operating income75.1Net income60.5 +1.6%EPS, diluted1.92 +3.8%Fiscal year 2024Revenue514.8 −6.5%Operating income71.2Net income55.5 −8.4%EPS, diluted1.81 −5.7%Fiscal year 2025Revenue541.3 +5.2%Operating income82.6Net income65.3 +17.7%EPS, diluted2.19 +21.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 396.7 423.0 470.5 469.0 424.1 512.9 586.9 550.4 514.8 541.3
Growth +6.6% +11.2% −0.3% −9.6% +21.0% +14.4% −6.2% −6.5% +5.2%
Operating income 63.2 38.5 61.0 53.8 45.1 76.5 93.0 75.1 71.2 82.6
Net income 34.4 14.4 46.5 36.1 34.7 −41.9 59.6 60.5 55.5 65.3
Growth −58.0% +222.1% −22.3% −4.0% −220.7% +1.6% −8.4% +17.7%
EPS, diluted 1.03 0.43 1.39 1.09 1.06 −1.30 1.85 1.92 1.81 2.19
Growth −58.3% +223.3% −21.6% −2.8% −222.6% +3.8% −5.7% +21.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin35.4%Operating margin15.9%Net margin8.7%Free cash flow margin6.7%Fiscal year 2017Gross margin33.2%Operating margin9.1%Net margin3.4%Free cash flow margin9.4%Fiscal year 2018Gross margin35.1%Operating margin13.0%Net margin9.9%Free cash flow margin6.3%Fiscal year 2019Gross margin33.6%Operating margin11.5%Net margin7.7%Free cash flow margin9.1%Fiscal year 2020Gross margin32.8%Operating margin10.6%Net margin8.2%Free cash flow margin14.6%Fiscal year 2021Gross margin36.0%Operating margin14.9%Net margin−8.2%Free cash flow margin13.7%Fiscal year 2022Gross margin35.9%Operating margin15.8%Net margin10.2%Free cash flow margin18.2%Fiscal year 2023Gross margin34.7%Operating margin13.6%Net margin11.0%Free cash flow margin13.5%Fiscal year 2024Gross margin36.4%Operating margin13.8%Net margin10.8%Free cash flow margin15.5%Fiscal year 2025Gross margin38.4%Operating margin15.3%Net margin12.1%Free cash flow margin16.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 35.4% 33.2% 35.1% 33.6% 32.8% 36.0% 35.9% 34.7% 36.4% 38.4%
Operating margin 15.9% 9.1% 13.0% 11.5% 10.6% 14.9% 15.8% 13.6% 13.8% 15.3%
Net margin 8.7% 3.4% 9.9% 7.7% 8.2% −8.2% 10.2% 11.0% 10.8% 12.1%
Free cash flow margin 6.7% 9.4% 6.3% 9.1% 14.6% 13.7% 18.2% 13.5% 15.5% 16.0%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow47.2Capital expenditure−20.5Free cash flow26.7Buybacks0.0Dividends paid−5.2Fiscal year 2017Operating cash flow58.0Capital expenditure−18.1Free cash flow40.0 +49.6%Buybacks0.0Dividends paid−5.3Fiscal year 2018Operating cash flow58.2Capital expenditure−28.5Free cash flow29.7 −25.8%Buybacks−9.4Dividends paid−5.3Fiscal year 2019Operating cash flow64.4Capital expenditure−21.7Free cash flow42.7 +43.9%Buybacks−11.7Dividends paid−5.2Fiscal year 2020Operating cash flow76.8Capital expenditure−14.9Free cash flow61.9 +45.1%Buybacks−8.1Dividends paid−5.2Fiscal year 2021Operating cash flow86.1Capital expenditure−15.6Free cash flow70.5 +13.8%Buybacks−8.8Dividends paid−5.2Fiscal year 2022Operating cash flow121.2Capital expenditure−14.3Free cash flow106.9 +51.6%Buybacks−21.4Dividends paid−5.1Fiscal year 2023Operating cash flow88.8Capital expenditure−14.7Free cash flow74.1 −30.7%Buybacks−40.9Dividends paid−5.0Fiscal year 2024Operating cash flow98.2Capital expenditure−18.6Free cash flow79.6 +7.5%Buybacks−42.6Dividends paid−4.9Fiscal year 2025Operating cash flow102.1Capital expenditure−15.7Free cash flow86.4 +8.5%Buybacks−56.2Dividends paid−4.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 47.2 58.0 58.2 64.4 76.8 86.1 121.2 88.8 98.2 102.1
Capital expenditure −20.5 −18.1 −28.5 −21.7 −14.9 −15.6 −14.3 −14.7 −18.6 −15.7
Free cash flow 26.7 40.0 29.7 42.7 61.9 70.5 106.9 74.1 79.6 86.4
Growth +49.6% −25.8% +43.9% +45.1% +13.8% +51.6% −30.7% +7.5% +8.5%
Buybacks 0.0 0.0 −9.4 −11.7 −8.1 −8.8 −21.4 −40.9 −42.6 −56.2
Dividends paid −5.2 −5.3 −5.3 −5.2 −5.2 −5.2 −5.1 −5.0 −4.9 −4.8

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash113.8Shareholders’ equity317.9Fiscal year 2017Cash113.6Shareholders’ equity343.8Fiscal year 2018Cash100.9Shareholders’ equity377.9Fiscal year 2019Cash100.2Shareholders’ equity405.2Fiscal year 2020Cash91.8Shareholders’ equity423.7Fiscal year 2021Cash141.5Shareholders’ equity463.6Fiscal year 2022Cash156.9Shareholders’ equity506.2Fiscal year 2023Cash163.9Shareholders’ equity526.8Fiscal year 2024Cash94.3Shareholders’ equity528.2Fiscal year 2025Cash82.3Shareholders’ equity551.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 113.8 113.6 100.9 100.2 91.8 141.5 156.9 163.9 94.3 82.3
Shareholders’ equity 317.9 343.8 377.9 405.2 423.7 463.6 506.2 526.8 528.2 551.8

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
396.7 423.0 470.5 469.0 424.1 512.9 586.9 550.4 514.8 541.3
Growth +6.6% +11.2% −0.3% −9.6% +21.0% +14.4% −6.2% −6.5% +5.2%
256.3 282.6 305.5 311.4 285.0 328.3 376.3 359.6 327.2 333.3
140.4 140.4 165.0 157.6 139.1 184.6 210.5 190.9 187.6 208.0
Growth +0.0% +17.5% −4.5% −11.7% +32.8% +14.0% −9.3% −1.7% +10.9%
24.0 25.1 25.3 26.0 24.3 23.9 24.1 24.9 23.4 25.3
61.6 71.9 73.6 70.4 67.8 82.6 91.5 83.8 88.3 98.7
63.2 38.5 61.0 53.8 45.1 76.5 93.0 75.1 71.2 82.6
Growth −39.1% +58.6% −11.8% −16.1% +69.5% +21.6% −19.3% −5.2% +16.1%
57.2 40.3 58.1 50.3 45.5 −60.9 80.7 75.2 68.6 83.8
22.9 25.8 11.6 14.1 10.8 −19.0 21.2 14.6 13.1 18.5
34.4 14.4 46.5 36.1 34.7 −41.9 59.6 60.5 55.5 65.3
Growth −58.0% +222.1% −22.3% −4.0% −220.7% +1.6% −8.4% +17.7%
Per share
1.05 0.44 1.41 1.11 1.07 −1.30 1.86 1.93 1.82 2.21
1.03 0.43 1.39 1.09 1.06 −1.30 1.85 1.92 1.81 2.19
Growth −58.3% +223.3% −21.6% −2.8% −222.6% +3.8% −5.7% +21.0%
32.7 32.9 33.0 32.7 32.3 32.3 32.0 31.4 30.4 29.5
33.3 33.4 33.6 33.1 32.6 32.3 32.2 31.6 30.7 29.8
Growth +0.5% +0.4% −1.4% −1.6% −0.8% −0.3% −2.0% −2.7% −3.0%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 5.0% a year over five years, and earnings per share grew 15.6% a year.
  • The diluted share count fell 8.5% in five years, so buybacks did some of the work per share.
  • Operating margin is up 4.6 points on five years ago, at 15.3%.
  • A net loss in 1 of 10 years on file.