Saturday 17 October 2026
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CTS Corporation
CTS Technology Electronic Components
CTS Corporation’s revenue for fiscal 2025 (year ended December 2025) was $541.3 million, up 5.16% from fiscal 2024. In the quarter to June 2026, revenue grew 7.00%, EPS grew 8.06%, free cash flow grew 15.1% and total debt fell 37.5%, each against the same quarter a year earlier. Dividend growth for twenty-five consecutive years.
54.95
0.34
−0.61%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
21.63 | 60.23 | 18.36 | 27.28 | 32.08 | 0.00 | 21.57 | 22.62 | 27.61 | 19.31 |
Piotroski F-Score |
7 | 6 | 8 | 5 | 5 | 6 | 7 | 6 | 5 | 8 |
P/S ratio |
1.86 | 2.06 | 1.82 | 2.09 | 2.62 | 2.31 | 2.19 | 2.49 | 3.11 | 2.34 |
Altman Z-Score |
4.75 | 5.00 | 5.75 | 4.85 | 5.66 | 6.05 | 5.68 | 6.41 | 6.45 | 6.17 |
Altman Z″-Score (non-manufacturers) |
6.57 | 6.45 | 7.54 | 6.36 | 6.84 | 7.34 | 7.28 | 7.88 | 6.98 | 7.72 |
P/FCF ratio |
18.88 | 21.52 | 28.82 | 22.92 | 17.92 | 16.84 | 12.00 | 18.48 | 20.14 | 14.65 |
Beneish M-Score |
(2.39) | (2.72) | (2.45) | (2.61) | (2.70) | (3.43) | (2.77) | (2.71) | (2.73) | (2.60) |
P/Operating CF |
56.05 | 78.66 | 54.84 | 41.46 | 40.36 | 45.61 | 50.38 | 42.68 | 64.38 | 43.30 |
Dividend Safety Score |
— | — | — | — | — | — | — | — | — | 94 |
P/B ratio |
2.32 | 2.54 | 2.26 | 2.42 | 2.62 | 2.56 | 2.53 | 2.60 | 3.04 | 2.29 |
Price to Tangible BV |
3.84 | 4.24 | 3.47 | 4.59 | 4.72 | 4.18 | 5.22 | 5.16 | 9.84 | 6.71 |
EV/Sales |
1.79 | 1.97 | 1.71 | 2.09 | 2.53 | 2.14 | 2.06 | 2.31 | 3.11 | 2.29 |
EV/EBITDA |
8.66 | 14.10 | 9.62 | 12.50 | 14.93 | 10.59 | 9.85 | 12.26 | 15.68 | 10.58 |
EV/Operating CF |
15.08 | 14.37 | 13.83 | 15.23 | 13.96 | 12.72 | 9.98 | 14.33 | 16.30 | 12.15 |
EV/FCF |
18.25 | 20.60 | 27.10 | 22.91 | 17.32 | 15.54 | 11.32 | 17.18 | 20.12 | 14.36 |
Quick Ratio |
1.80 | 1.80 | 1.74 | 1.84 | 1.65 | 1.96 | 2.20 | 2.50 | 1.75 | 1.55 |
Current Ratio |
2.20 | 2.28 | 2.30 | 2.45 | 2.22 | 2.53 | 2.89 | 3.29 | 2.46 | 2.30 |
Net Debt/EBITDA |
(0.30) | (0.63) | (0.61) | (0.01) | (0.52) | (0.88) | (0.60) | (0.93) | (0.02) | (0.21) |
Debt/Assets |
17.21% | 14.14% | 9.12% | 15.50% | 8.72% | 7.52% | 11.18% | 9.11% | 12.06% | 7.52% |
Debt/Equity |
0.28 | 0.22 | 0.13 | 0.25 | 0.13 | 0.11 | 0.17 | 0.13 | 0.17 | 0.10 |
Asset Turnover |
0.79 | 0.80 | 0.86 | 0.79 | 0.67 | 0.79 | 0.83 | 0.74 | 0.68 | 0.71 |
Operating CF/Net income |
1.37 | 4.02 | 1.25 | 1.78 | 2.21 | (2.06) | 2.03 | 1.47 | 1.77 | 1.56 |
Capex/Depreciation |
(0.43) | (0.85) | (1.27) | (0.88) | (0.56) | (0.58) | (0.48) | (0.51) | (0.60) | (0.46) |
Interest Coverage |
17.06 | 11.52 | 29.27 | 20.32 | 13.79 | 36.23 | 42.43 | 22.53 | 16.80 | 19.18 |
| 11.47% | 4.37% | 12.89% | 9.23% | 8.37% | (9.44%) | 12.29% | 11.72% | 10.52% | 12.10% | |
| 6.87% | 2.73% | 8.55% | 6.07% | 5.46% | (6.49%) | 8.43% | 8.13% | 7.36% | 8.54% | |
ROIC |
13.47% | 7.85% | 11.67% | 8.31% | 7.30% | 12.85% | 13.43% | 10.90% | 8.46% | 9.80% |
Return on Tangible Assets |
17.22% | 6.58% | 19.82% | 14.72% | 15.37% | (15.40%) | 19.19% | 19.22% | 23.30% | 28.06% |
Average Days of Receivables |
57.61 | 60.91 | 61.69 | 60.71 | 69.70 | 58.49 | 56.56 | 52.10 | 55.06 | 59.40 |
Research and Development Expense of Revenue |
6.06% | 5.94% | 5.38% | 5.54% | 5.73% | 4.65% | 4.11% | 4.53% | 4.54% | 4.67% |
Selling, General and Administrative Expense of Revenue |
15.53% | 17.01% | 15.64% | 15.01% | 15.99% | 16.10% | 15.59% | 15.23% | 17.15% | 18.24% |
Intangible Assets out of Total Assets |
0.24 | 0.26 | 0.24 | 0.30 | 0.30 | 0.27 | 0.35 | 0.35 | 0.48 | 0.48 |
Share Based Compensation of Revenue |
0.69% | 0.99% | 1.12% | 1.07% | 0.81% | 1.19% | 1.32% | 0.94% | 1.10% | 0.90% |
Graham Net Nets |
0.02 | 0.04 | 0.08 | 0.00 | 0.03 | 0.07 | 0.07 | 0.08 | 0.00 | 0.03 |
Graham Number |
15.08 | 10.17 | 19.05 | 17.51 | 17.77 | 0.00 | 25.74 | 27.01 | 27.32 | 30.56 |
Earnings Yield |
4.62% | 1.66% | 5.45% | 3.67% | 3.12% | (3.51%) | 4.64% | 4.42% | 3.62% | 5.18% |
Free Cash Flow Yield |
5.30% | 4.65% | 3.47% | 4.36% | 5.58% | 5.94% | 8.33% | 5.41% | 4.96% | 6.83% |
Revenue per Share |
12.12 | 12.86 | 14.25 | 14.34 | 13.12 | 15.87 | 18.36 | 17.55 | 16.93 | 18.34 |
Operating CF per Share |
1.44 | 1.76 | 1.76 | 1.97 | 2.38 | 2.66 | 3.79 | 2.83 | 3.23 | 3.46 |
Capex per Share |
(0.25) | (0.53) | (0.86) | (0.66) | (0.46) | (0.48) | (0.45) | (0.47) | (0.61) | (0.53) |
Free Cash Flow per Share |
1.19 | 1.23 | 0.90 | 1.31 | 1.92 | 2.18 | 3.34 | 2.36 | 2.62 | 2.93 |
Cash per Share |
3.48 | 3.45 | 3.06 | 3.07 | 2.84 | 4.38 | 4.91 | 5.23 | 3.10 | 2.79 |
Shareholders Equity per Share |
9.71 | 10.45 | 11.44 | 12.39 | 13.11 | 14.34 | 15.84 | 16.80 | 17.37 | 18.70 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
9.71 | 10.45 | 11.44 | 12.39 | 13.11 | 14.34 | 15.84 | 16.80 | 17.37 | 18.70 |
Free Cash Flow |
39.00 | 40.50 | 29.67 | 42.81 | 61.93 | 70.50 | 106.86 | 74.07 | 79.60 | 86.37 |
Working Capital |
117.58 | 131.20 | 135.37 | 140.53 | 128.30 | 175.02 | 213.23 | 222.31 | 143.71 | 143.02 |
Capital Expenditures |
(8.20) | (17.55) | (28.48) | (21.60) | (14.86) | (15.64) | (14.33) | (14.74) | (18.64) | (15.73) |
Net Current Asset Value |
15.89 | 37.72 | 68.95 | (0.66) | 30.86 | 88.21 | 83.50 | 105.00 | 4.96 | 40.18 |
EV/EBIT |
11.27 | 21.67 | 13.17 | 18.23 | 23.76 | 14.33 | 13.00 | 16.95 | 22.50 | 15.01 |
Capex to Sales |
0.02 | 0.04 | 0.06 | 0.05 | 0.04 | 0.03 | 0.02 | 0.03 | 0.04 | 0.03 |
Price to Operating Income |
11.66 | 22.64 | 14.01 | 18.24 | 24.58 | 15.52 | 13.79 | 18.24 | 22.52 | 15.31 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.23 | 0.23 | 0.23 | 0.23 | 0.27 | 0.28 | 0.31 | 0.31 | 0.33 | 0.38 |
Cash ROIC |
7.49% | 7.59% | 5.61% | 7.07% | 10.86% | 10.76% | 14.31% | 9.77% | 11.14% | 12.49% |
Accounts Receivable Turnover |
6.77 | 6.35 | 6.27 | 5.95 | 5.33 | 6.29 | 6.78 | 6.49 | 6.59 | 6.53 |
Accounts Payable Turnover |
6.38 | 6.33 | 6.04 | 6.22 | 5.77 | 6.19 | 6.92 | 7.44 | 7.60 | 7.34 |
Inventory Turnover |
9.62 | 8.66 | 7.63 | 7.27 | 6.47 | 6.88 | 6.73 | 5.88 | 5.83 | 6.34 |
Average Days of Payables |
57.04 | 63.56 | 62.10 | 56.51 | 64.66 | 61.74 | 51.61 | 44.16 | 47.55 | 52.81 |
Days of Inventory on Hand |
40.81 | 47.27 | 51.95 | 49.50 | 58.75 | 55.04 | 60.39 | 60.94 | 58.36 | 57.88 |
Average Receivables |
58.59 | 66.60 | 75.05 | 78.76 | 79.49 | 81.59 | 86.56 | 84.75 | 78.11 | 82.87 |
Average Payables |
40.17 | 44.62 | 50.59 | 50.10 | 49.35 | 53.01 | 54.37 | 48.36 | 43.06 | 45.42 |
Average Inventory |
26.63 | 32.62 | 40.04 | 42.86 | 44.05 | 47.69 | 55.88 | 61.15 | 56.17 | 52.58 |
Average Assets |
500.54 | 528.70 | 544.02 | 595.85 | 634.70 | 645.26 | 706.47 | 744.83 | 753.30 | 764.87 |
Average Common Equity |
299.77 | 330.84 | 360.87 | 391.57 | 414.45 | 443.63 | 484.90 | 516.52 | 527.52 | 540.00 |
Columns are period end dates