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%
Market cap
$1.6B
P/E
22.7×
Fwd P/E
26.1×
Dividend yield
0.29%
F-score
8/9
Altman Z
6.17
Beneish M
−2.60
Dividend safety
94/100
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 Dec '19 Dec '18 Dec '17 Dec '16
P/E ratio
19.31 27.61 22.62 21.57 0.00 32.08 27.28 18.36 60.23 21.63
Piotroski F-Score
8 5 6 7 6 5 5 8 6 7
P/S ratio
2.34 3.11 2.49 2.19 2.31 2.62 2.09 1.82 2.06 1.86
Altman Z-Score
6.17 6.45 6.41 5.68 6.05 5.66 4.85 5.75 5.00 4.75
Altman Z″-Score (non-manufacturers)
7.72 6.98 7.88 7.28 7.34 6.84 6.36 7.54 6.45 6.57
P/FCF ratio
14.65 20.14 18.48 12.00 16.84 17.92 22.92 28.82 21.52 18.88
Beneish M-Score
(2.60) (2.73) (2.71) (2.77) (3.43) (2.70) (2.61) (2.45) (2.72) (2.39)
P/Operating CF
43.30 64.38 42.68 50.38 45.61 40.36 41.46 54.84 78.66 56.05
Dividend Safety Score
94 — — — — — — — — —
P/B ratio
2.29 3.04 2.60 2.53 2.56 2.62 2.42 2.26 2.54 2.32
Price to Tangible BV
6.71 9.84 5.16 5.22 4.18 4.72 4.59 3.47 4.24 3.84
EV/Sales
2.29 3.11 2.31 2.06 2.14 2.53 2.09 1.71 1.97 1.79
EV/EBITDA
10.58 15.68 12.26 9.85 10.59 14.93 12.50 9.62 14.10 8.66
EV/Operating CF
12.15 16.30 14.33 9.98 12.72 13.96 15.23 13.83 14.37 15.08
EV/FCF
14.36 20.12 17.18 11.32 15.54 17.32 22.91 27.10 20.60 18.25
Quick Ratio
1.55 1.75 2.50 2.20 1.96 1.65 1.84 1.74 1.80 1.80
Current Ratio
2.30 2.46 3.29 2.89 2.53 2.22 2.45 2.30 2.28 2.20
Net Debt/EBITDA
(0.21) (0.02) (0.93) (0.60) (0.88) (0.52) (0.01) (0.61) (0.63) (0.30)
Debt/Assets
7.52% 12.06% 9.11% 11.18% 7.52% 8.72% 15.50% 9.12% 14.14% 17.21%
Debt/Equity
0.10 0.17 0.13 0.17 0.11 0.13 0.25 0.13 0.22 0.28
Asset Turnover
0.71 0.68 0.74 0.83 0.79 0.67 0.79 0.86 0.80 0.79
Operating CF/Net income
1.56 1.77 1.47 2.03 (2.06) 2.21 1.78 1.25 4.02 1.37
Capex/Depreciation
(0.46) (0.60) (0.51) (0.48) (0.58) (0.56) (0.88) (1.27) (0.85) (0.43)
Interest Coverage
19.18 16.80 22.53 42.43 36.23 13.79 20.32 29.27 11.52 17.06
ROE
12.10% 10.52% 11.72% 12.29% (9.44%) 8.37% 9.23% 12.89% 4.37% 11.47%
ROA
8.54% 7.36% 8.13% 8.43% (6.49%) 5.46% 6.07% 8.55% 2.73% 6.87%
ROIC
9.80% 8.46% 10.90% 13.43% 12.85% 7.30% 8.31% 11.67% 7.85% 13.47%
Return on Tangible Assets
28.06% 23.30% 19.22% 19.19% (15.40%) 15.37% 14.72% 19.82% 6.58% 17.22%
Average Days of Receivables
59.40 55.06 52.10 56.56 58.49 69.70 60.71 61.69 60.91 57.61
Research and Development Expense of Revenue
4.67% 4.54% 4.53% 4.11% 4.65% 5.73% 5.54% 5.38% 5.94% 6.06%
Selling, General and Administrative Expense of Revenue
18.24% 17.15% 15.23% 15.59% 16.10% 15.99% 15.01% 15.64% 17.01% 15.53%
Intangible Assets out of Total Assets
0.48 0.48 0.35 0.35 0.27 0.30 0.30 0.24 0.26 0.24
Share Based Compensation of Revenue
0.90% 1.10% 0.94% 1.32% 1.19% 0.81% 1.07% 1.12% 0.99% 0.69%
Graham Net Nets
0.03 0.00 0.08 0.07 0.07 0.03 0.00 0.08 0.04 0.02
Graham Number
30.56 27.32 27.01 25.74 0.00 17.77 17.51 19.05 10.17 15.08
Earnings Yield
5.18% 3.62% 4.42% 4.64% (3.51%) 3.12% 3.67% 5.45% 1.66% 4.62%
Free Cash Flow Yield
6.83% 4.96% 5.41% 8.33% 5.94% 5.58% 4.36% 3.47% 4.65% 5.30%
Revenue per Share
18.34 16.93 17.55 18.36 15.87 13.12 14.34 14.25 12.86 12.12
Operating CF per Share
3.46 3.23 2.83 3.79 2.66 2.38 1.97 1.76 1.76 1.44
Capex per Share
(0.53) (0.61) (0.47) (0.45) (0.48) (0.46) (0.66) (0.86) (0.53) (0.25)
Free Cash Flow per Share
2.93 2.62 2.36 3.34 2.18 1.92 1.31 0.90 1.23 1.19
Cash per Share
2.79 3.10 5.23 4.91 4.38 2.84 3.07 3.06 3.45 3.48
Shareholders Equity per Share
18.70 17.37 16.80 15.84 14.34 13.11 12.39 11.44 10.45 9.71
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
18.70 17.37 16.80 15.84 14.34 13.11 12.39 11.44 10.45 9.71
Free Cash Flow
86.37 79.60 74.07 106.86 70.50 61.93 42.81 29.67 40.50 39.00
Working Capital
143.02 143.71 222.31 213.23 175.02 128.30 140.53 135.37 131.20 117.58
Capital Expenditures
(15.73) (18.64) (14.74) (14.33) (15.64) (14.86) (21.60) (28.48) (17.55) (8.20)
Net Current Asset Value
40.18 4.96 105.00 83.50 88.21 30.86 (0.66) 68.95 37.72 15.89
EV/EBIT
15.01 22.50 16.95 13.00 14.33 23.76 18.23 13.17 21.67 11.27
Capex to Sales
0.03 0.04 0.03 0.02 0.03 0.04 0.05 0.06 0.04 0.02
Price to Operating Income
15.31 22.52 18.24 13.79 15.52 24.58 18.24 14.01 22.64 11.66
Other line items
Depreciation/Fixed assets
0.38 0.33 0.31 0.31 0.28 0.27 0.23 0.23 0.23 0.23
Cash ROIC
12.49% 11.14% 9.77% 14.31% 10.76% 10.86% 7.07% 5.61% 7.59% 7.49%
Accounts Receivable Turnover
6.53 6.59 6.49 6.78 6.29 5.33 5.95 6.27 6.35 6.77
Accounts Payable Turnover
7.34 7.60 7.44 6.92 6.19 5.77 6.22 6.04 6.33 6.38
Inventory Turnover
6.34 5.83 5.88 6.73 6.88 6.47 7.27 7.63 8.66 9.62
Average Days of Payables
52.81 47.55 44.16 51.61 61.74 64.66 56.51 62.10 63.56 57.04
Days of Inventory on Hand
57.88 58.36 60.94 60.39 55.04 58.75 49.50 51.95 47.27 40.81
Average Receivables
82.87 78.11 84.75 86.56 81.59 79.49 78.76 75.05 66.60 58.59
Average Payables
45.42 43.06 48.36 54.37 53.01 49.35 50.10 50.59 44.62 40.17
Average Inventory
52.58 56.17 61.15 55.88 47.69 44.05 42.86 40.04 32.62 26.63
Average Assets
764.87 753.30 744.83 706.47 645.26 634.70 595.85 544.02 528.70 500.54
Average Common Equity
540.00 527.52 516.52 484.90 443.63 414.45 391.57 360.87 330.84 299.77

Fold the line items

Columns are period end dates