CTS

MKT CAP:$2B

CTS Corporation

Market Cap

$2B

Technology·Hardware, Equipment & Parts·🇺🇸 United States·NYSE

Technology·Hardware,·🇺🇸·NYSE

Stock Price

$55.53+$11.68 (+26.64%)

Apr 23, 2026

Company Details

CTS Corporation manufactures and sells sensors, actuators, and connectivity components in North America, Europe, and Asia. The company provides sensors and actuators for use in passenger or commercial vehicles; connectivity components for t...

CEO

Kieran O'Sullivan

IPO Date

Mar 17, 1980

Website

www.ctscorp.com

Key Metrics TTM

Revenue

$542M

+5.1% YoY

Net Income

$65M

EPS (Diluted)

$2.19

Free Cash Flow

$86M

Revenue / Share

$18.51

Gross Margin

38.4%

Operating Margin

15.5%

Net Margin

12.1%

FCF Margin

15.9%

P/S

3.0x

P/E

24.9x

Earnings Reports

Q1 2026

Apr 29, 2026

PENDING

FY 2025

Feb 24, 2026

$541M+5.0%EPS $2.19

Q4 2025

Feb 24, 2026

$137M+7.8%EPS $0.67

Q3 2025

Oct 28, 2025

$143M+8.0%EPS $0.46

Q2 2025

Jul 24, 2025

$136M+4.2%EPS $0.62

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$148M	$54M	$27M
Q2 22	$145M	$52M	$23M
Q3 22	$152M	$54M	$23M
Q4 22	$142M	$50M	$21M
Q1 23	$146M	$52M	$23M
Q2 23	$145M	$51M	$21M
Q3 23	$135M	$47M	$22M
Q4 23	$125M	$41M	$16M
Q1 24	$126M	$44M	$15M
Q2 24	$130M	$47M	$19M
Q3 24	$132M	$50M	$22M
Q4 24	$127M	$48M	$20M
Q1 25	$126M	$46M	$16M
Q2 25	$136M	$53M	$24M
Q3 25	$143M	$55M	$21M
Q4 25	$137M	$54M	$23M

Valuation

Quarter	P/S	P/E
Q1 22	3.1x	—
Q2 22	3.0x	—
Q3 22	2.8x	30.2x
Q4 22	2.8x	27.3x
Q1 23	2.8x	28.2x
Q2 23	2.8x	28.0x
Q3 23	2.9x	27.0x
Q4 23	3.0x	26.9x
Q1 24	3.1x	30.5x
Q2 24	3.2x	29.5x
Q3 24	3.2x	27.2x
Q4 24	3.2x	28.0x
Q1 25	3.2x	26.9x
Q2 25	3.1x	25.3x
Q3 25	3.1x	27.5x
Q4 25	3.0x	24.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$19M	$16M
Q2 22	$16M	$12M
Q3 22	$60M	$58M
Q4 22	$25M	$20M
Q1 23	$11M	$7M
Q2 23	$23M	$19M
Q3 23	$22M	$19M
Q4 23	$32M	$29M
Q1 24	$18M	$14M
Q2 24	$20M	$15M
Q3 24	$35M	$32M
Q4 24	$26M	$20M
Q1 25	$16M	$11M
Q2 25	$28M	$25M
Q3 25	$29M	$24M
Q4 25	$29M	$26M

Capital Expenditures

Quarter	CapEx
Q1 22	$3M
Q2 22	$4M
Q3 22	$2M
Q4 22	$5M
Q1 23	$5M
Q2 23	$4M
Q3 23	$3M
Q4 23	$4M
Q1 24	$4M
Q2 24	$5M
Q3 24	$4M
Q4 24	$6M
Q1 25	$4M
Q2 25	$3M
Q3 25	$5M
Q4 25	$3M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+15.2%	+10.1%
Q2 22	+11.9%	+12.0%
Q3 22	+24.1%	+25.2%
Q4 22	+7.4%	+5.5%
Q1 23	-1.1%	+1.2%
Q2 23	+0.2%	+2.3%
Q3 23	-11.4%	-12.7%
Q4 23	-12.4%	-10.9%
Q1 24	-13.9%	-10.1%
Q2 24	-10.4%	-10.8%
Q3 24	-1.6%	-1.9%
Q4 24	+2.1%	-1.4%
Q1 25	+0.1%	-0.6%
Q2 25	+4.2%	+1.0%
Q3 25	+8.0%	+10.6%
Q4 25	+7.8%	+6.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$2M	1.3%
Q2 22	$2M	1.1%
Q3 22	$2M	1.5%
Q4 22	$2M	1.3%
Q1 23	$2M	1.1%
Q2 23	$2M	1.1%
Q3 23	$1M	1.0%
Q4 23	$540.0K	0.4%
Q1 24	$1M	1.0%
Q2 24	$1M	1.0%
Q3 24	$1M	1.1%
Q4 24	$2M	1.3%
Q1 25	$2M	1.3%
Q2 25	$616.0K	0.5%
Q3 25	$1M	0.8%
Q4 25	$1M	1.1%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 22	$6M	$22M
Q2 22	$6M	$22M
Q3 22	$6M	$24M
Q4 22	$5M	$23M
Q1 23	$7M	$22M
Q2 23	$7M	$24M
Q3 23	$6M	$19M
Q4 23	$5M	$19M
Q1 24	$7M	$22M
Q2 24	$6M	$21M
Q3 24	$5M	$23M
Q4 24	$6M	$22M
Q1 25	$6M	$24M
Q2 25	$6M	$23M
Q3 25	$7M	$27M
Q4 25	$6M	$25M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$126M	$0	$126M
Q2 22	$99M	$0	$99M
Q3 22	$148M	$0	$148M
Q4 22	$157M	$0	$157M
Q1 23	$144M	$0	$144M
Q2 23	$151M	$0	$151M
Q3 23	$160M	$0	$160M
Q4 23	$164M	$0	$164M
Q1 24	$162M	$0	$162M
Q2 24	$161M	$0	$161M
Q3 24	$95M	$0	$95M
Q4 24	$94M	$0	$94M
Q1 25	$90M	$0	$90M
Q2 25	$99M	$0	$99M
Q3 25	$110M	$0	$110M
Q4 25	$82M	$0	$82M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	32M	-0.3%	-0.9%
Q2 22	32M	-0.3%	-1.2%
Q3 22	32M	-0.5%	-0.9%
Q4 22	32M	-0.1%	-1.2%
Q1 23	32M	-0.5%	-1.3%
Q2 23	32M	-0.7%	-1.7%
Q3 23	32M	-0.5%	-1.8%
Q4 23	31M	-0.9%	-2.5%
Q1 24	31M	-0.8%	-2.8%
Q2 24	31M	-0.9%	-3.0%
Q3 24	31M	-0.6%	-3.1%
Q4 24	31M	+0.6%	-1.7%
Q1 25	30M	-1.3%	-2.2%
Q2 25	30M	-0.5%	-1.9%
Q3 25	30M	-0.6%	-1.8%
Q4 25	29M	-2.4%	-4.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$38.7K	4K
Q2 22	$38.0K	4K
Q3 22	$39.8K	4K
Q4 22	$33.8K	4K
Q1 23	$34.7K	4K
Q2 23	$34.5K	4K
Q3 23	$32.0K	4K
Q4 23	$30.6K	4K
Q1 24	$30.8K	4K
Q2 24	$31.9K	4K
Q3 24	$32.4K	4K
Q4 24	$31.2K	4K
Q1 25	$30.8K	4K
Q2 25	$33.2K	4K
Q3 25	$35.0K	4K
Q4 25	$33.6K	4K

Revenue / Employee