ROG

MKT CAP:$2B

Rogers Corporation

Market Cap

$2B

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

Technology·Hardware,·🇺🇸·NYSE

Stock Price

$128.42+$36.45 (+39.63%)

Apr 23, 2026

Company Details

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment...

CEO

Ali El-Haj

IPO Date

Mar 17, 1980

Website

www.rogerscorp.com

Key Metrics TTM

Revenue

$803M

-3.2% YoY

Net Income

-$62M

EPS (Diluted)

-$3.35

Free Cash Flow

$101M

Revenue / Share

$43.65

Gross Margin

31.0%

Operating Margin

-4.6%

Net Margin

-7.7%

FCF Margin

12.6%

P/S

2.9x

P/E

—

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Feb 19, 2026

$811M-2.3%EPS -$3.36

Q4 2025

Feb 19, 2026

$202M+4.8%EPS $0.25

Q3 2025

Oct 29, 2025

$208M-0.9%EPS $0.48

Q2 2025

Jul 31, 2025

$203M-5.3%EPS -$4.00

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$248M	$85M	$20M
Q2 22	$252M	$87M	$23M
Q3 22	$247M	$78M	$18M
Q4 22	$224M	$71M	$83M
Q1 23	$244M	$80M	-$300.0K
Q2 23	$231M	$80M	$28M
Q3 23	$229M	$80M	$27M
Q4 23	$205M	$67M	$31M
Q1 24	$213M	$68M	$12M
Q2 24	$214M	$73M	$11M
Q3 24	$210M	$74M	$15M
Q4 24	$192M	$62M	-$13M
Q1 25	$191M	$57M	-$300.0K
Q2 25	$203M	$64M	-$68M
Q3 25	$208M	$65M	$16M
Q4 25	$202M	$64M	$15M

Valuation

Quarter	P/S	P/E
Q1 22	2.4x	24.9x
Q2 22	2.4x	28.2x
Q3 22	2.4x	32.2x
Q4 22	2.4x	20.0x
Q1 23	2.4x	24.1x
Q2 23	2.5x	24.1x
Q3 23	2.5x	23.1x
Q4 23	2.6x	41.1x
Q1 24	2.7x	34.3x
Q2 24	2.7x	40.1x
Q3 24	2.8x	46.8x
Q4 24	2.8x	89.3x
Q1 25	2.9x	137.9x
Q2 25	2.9x	—
Q3 25	2.9x	—
Q4 25	2.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$14M	-$42M
Q2 22	$2M	-$23M
Q3 22	$14M	-$20M
Q4 22	$128M	$98M
Q1 23	$2M	-$15M
Q2 23	$16M	$4M
Q3 23	$42M	$36M
Q4 23	$72M	$49M
Q1 24	$28M	$19M
Q2 24	$23M	$9M
Q3 24	$42M	$25M
Q4 24	$34M	$18M
Q1 25	$12M	$2M
Q2 25	$14M	$6M
Q3 25	$29M	$21M
Q4 25	$47M	$72M

Capital Expenditures

Quarter	CapEx
Q1 22	$28M
Q2 22	$25M
Q3 22	$34M
Q4 22	$30M
Q1 23	$16M
Q2 23	$12M
Q3 23	$7M
Q4 23	$23M
Q1 24	$9M
Q2 24	$14M
Q3 24	$17M
Q4 24	$15M
Q1 25	$10M
Q2 25	$8M
Q3 25	$8M
Q4 25	$25M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+8.3%	+18.9%
Q2 22	+7.3%	+14.8%
Q3 22	+3.8%	+11.9%
Q4 22	-2.9%	-35.9%
Q1 23	-1.8%	+6.9%
Q2 23	-8.4%	-11.2%
Q3 23	-7.3%	-11.7%
Q4 23	-8.6%	+23.4%
Q1 24	-12.5%	-17.4%
Q2 24	-7.2%	-0.0%
Q3 24	-8.2%	-3.1%
Q4 24	-6.1%	+17.7%
Q1 25	-10.7%	-5.4%
Q2 25	-5.3%	+33.2%
Q3 25	-0.9%	-1.5%
Q4 25	+4.8%	-8.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$3M	1.3%
Q2 22	$5M	1.9%
Q3 22	$4M	1.4%
Q4 22	$224.0K	0.1%
Q1 23	$2M	0.9%
Q2 23	$5M	2.1%
Q3 23	$4M	1.7%
Q4 23	$3M	1.7%
Q1 24	$4M	1.6%
Q2 24	$5M	2.5%
Q3 24	$3M	1.6%
Q4 24	$3M	1.5%
Q1 25	$4M	1.9%
Q2 25	$4M	2.1%
Q3 25	$800.0K	0.4%
Q4 25	-$9M	-4.3%

OpEx Breakdown

Quarter	R&D	G&A	S&M	SG&A
Q1 22	$8M	—	—	$51M
Q2 22	$8M	—	—	$56M
Q3 22	$9M	—	—	$51M
Q4 22	$10M	$57M	$3M	—
Q1 23	$10M	—	—	$60M
Q2 23	$8M	—	—	$46M
Q3 23	$8M	—	—	$44M
Q4 23	$10M	$49M	$4M	—
Q1 24	$9M	—	—	$48M
Q2 24	$10M	—	—	$51M
Q3 24	$8M	—	—	$45M
Q4 24	$8M	$47M	$3M	—
Q1 25	$7M	—	—	$45M
Q2 25	$7M	—	—	$49M
Q3 25	$7M	—	—	$42M
Q4 25	$7M	—	—	$42M

Revenue Segments

Quarter	Advanced Connectivity Solutions	Elastomeric Material Solutions	Other Segments	Advanced Electronics Solutions	Other Operating Segment
Q1 22	$133M	$110M	$5M	—	—
Q2 22	$141M	$105M	$6M	—	—
Q3 22	$131M	$111M	$6M	—	—
Q4 22	$125M	$94M	$5M	—	—
Q2 23	$130M	$95M	$5M	—	—
Q3 23	$126M	$98M	$5M	—	—
Q2 24	—	$95M	—	$116M	—
Q3 24	—	$94M	—	$112M	—
Q1 25	$104M	$83M	—	—	$4M
Q2 25	$109M	$89M	—	—	$4M
Q3 25	—	$97M	—	$115M	—

Revenue by Geography

Quarter	Americas	Asia Pacific	Emea
Q1 25	$61M	$76M	$54M
Q2 25	$61M	$83M	$59M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$182M	$0	$182M
Q2 22	$225M	$0	$225M
Q3 22	$236M	$0	$236M
Q4 22	$236M	$0	$236M
Q1 23	$194M	$0	$194M
Q2 23	$141M	$0	$141M
Q3 23	$126M	$0	$126M
Q4 23	$132M	$0	$132M
Q1 24	$115M	$0	$115M
Q2 24	$118M	$0	$118M
Q3 24	$146M	$0	$146M
Q4 24	$160M	$0	$160M
Q1 25	$176M	$0	$176M
Q2 25	$157M	$0	$157M
Q3 25	$168M	$0	$168M
Q4 25	$197M	$0	$197M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	19M	+0.7%	+1.2%
Q2 22	19M	-0.0%	+0.8%
Q3 22	19M	+0.0%	+0.7%
Q4 22	19M	-0.9%	-0.2%
Q1 23	19M	-1.1%	-2.1%
Q2 23	19M	+0.4%	-1.6%
Q3 23	19M	+0.0%	-1.7%
Q4 23	19M	+0.1%	-0.6%
Q1 24	19M	0.0%	+0.5%
Q2 24	19M	-0.5%	-0.4%
Q3 24	19M	0.0%	-0.5%
Q4 24	19M	0.0%	-0.5%
Q1 25	19M	-0.5%	-1.1%
Q2 25	18M	-0.5%	-1.1%
Q3 25	18M	0.0%	-1.1%
Q4 25	18M	0.0%	-1.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$67.6K	4K
Q2 22	$68.6K	4K
Q3 22	$67.3K	4K
Q4 22	$58.9K	4K
Q1 23	$64.2K	4K
Q2 23	$60.8K	4K
Q3 23	$60.3K	4K
Q4 23	$62.0K	3K
Q1 24	$64.7K	3K
Q2 24	$64.9K	3K
Q3 24	$63.7K	3K
Q4 24	$60.1K	3K
Q1 25	$59.5K	3K
Q2 25	$63.4K	3K
Q3 25	$65.1K	3K
Q4 25	$67.2K	3K

Revenue / Employee