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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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 12.87 | 19.30 | 24.07 | 24.99 | 17.92 | 28.72 | 31.07 | 35.50 | 40.09 | 34.02 |
Analyst estimates 2026–2028 Powerpack |
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| High | 24.80 | 28.35 | 39.20 | 34.29 | 35.35 | 39.49 | 45.22 | 49.59 | 59.68 | 53.48 | |||||
| People | |||||||||||||||
| People | Employees | 2,796 | 3,222 | 3,230 | 3,570 | 3,786 | 3,820 | 4,209 | 4,081 | 3,549 | 3,492 | ||||
| Revenue/emp, $m | 0.14 | 0.13 | 0.15 | 0.13 | 0.11 | 0.13 | 0.14 | 0.13 | 0.15 | 0.16 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 397 | 423 | 470 | 469 | 424 | 513 | 587 | 550 | 515 | 541 | ||||
| Gross margin, % | 35.40 | 33.20 | 35.06 | 33.60 | 32.79 | 35.99 | 35.87 | 34.68 | 36.44 | 38.43 | |||||
| EBT | 57 | 40 | 58 | 50 | 45 | (61) | 81 | 75 | 69 | 84 | |||||
| EBT margin, % | 14.43 | 9.52 | 12.35 | 10.72 | 10.72 | (11.87) | 13.76 | 13.65 | 13.32 | 15.48 | |||||
| Net income | 34 | 14 | 47 | 36 | 35 | (42) | 60 | 61 | 55 | 65 | |||||
| Depreciation | 19 | 21 | 23 | 25 | 27 | 27 | 30 | 29 | 31 | 35 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 12.12 | 12.86 | 14.25 | 14.34 | 13.12 | 15.87 | 18.36 | 17.55 | 16.93 | 18.34 | ||||
| Earnings | 1.05 | 0.44 | 1.41 | 1.11 | 1.07 | (1.30) | 1.86 | 1.93 | 1.91 | 2.21 | |||||
| Cash flow | 1.44 | 1.76 | 1.76 | 1.97 | 2.38 | 2.66 | 3.79 | 2.83 | 3.23 | 3.46 | |||||
| Capex | (0.25) | (0.53) | (0.86) | (0.66) | (0.46) | (0.48) | (0.45) | (0.47) | (0.61) | (0.53) | |||||
| Free cash flow | 1.19 | 1.23 | 0.90 | 1.31 | 1.92 | 2.18 | 3.34 | 2.36 | 2.62 | 2.93 | |||||
| Book value | 9.71 | 10.45 | 11.44 | 12.39 | 13.11 | 14.34 | 15.84 | 16.80 | 17.37 | 18.70 | |||||
| Shares, m | 33 | 33 | 33 | 33 | 32 | 32 | 32 | 31 | 30 | 30 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 21.63 | 60.23 | 18.36 | 27.28 | 32.08 | 0.00 | 21.57 | 22.62 | 27.61 | 19.31 | ||||
| P/S | 1.86 | 2.06 | 1.82 | 2.09 | 2.62 | 2.31 | 2.19 | 2.49 | 3.11 | 2.34 | |||||
| P/B | 2.32 | 2.54 | 2.26 | 2.42 | 2.62 | 2.56 | 2.53 | 2.60 | 3.04 | 2.29 | |||||
| EV/Sales | 1.79 | 1.97 | 1.71 | 2.09 | 2.53 | 2.14 | 2.06 | 2.31 | 3.11 | 2.29 | |||||
| EV/FCF | 18.25 | 20.60 | 27.10 | 22.91 | 17.32 | 15.54 | 11.32 | 17.18 | 20.12 | 14.36 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 47 | 58 | 58 | 64 | 77 | 86 | 121 | 89 | 98 | 102 | ||||
| Capex | (8) | (18) | (28) | (22) | (15) | (16) | (14) | (15) | (19) | (16) | |||||
| Free cash flow | 39 | 40 | 30 | 43 | 62 | 71 | 107 | 74 | 80 | 86 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 118 | 131 | 135 | 141 | 128 | 175 | 213 | 222 | 144 | 143 | ||||
| Total debt | 89 | 76 | 50 | 100 | 55 | 50 | 84 | 68 | 92 | 58 | |||||
| Net debt | (25) | (37) | (51) | (1) | (37) | (91) | (73) | (96) | (2) | (25) | |||||
| Shareholders’ equity | 318 | 344 | 378 | 405 | 424 | 464 | 506 | 527 | 528 | 552 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 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 | |||||
| ROE | 11.47 | 4.37 | 12.89 | 9.23 | 8.37 | (9.44) | 12.29 | 11.72 | 10.52 | 12.10 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
CTS Corporation vs peers in Electronic Components (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| BELFA Bel Fuse Inc. | $3.1B | 42.9× | 32.7× | +25.18% (above 0%: growing) | −11.33% (below 0%: shrinking) | −27.35% (below 0%: shrinking) | 39.85% | 18.24% | Compare |
| BELFB Bel Fuse Inc. | $3.1B | 50.2× | 32.7× | +25.18% (above 0%: growing) | −11.68% (below 0%: shrinking) | −27.35% (below 0%: shrinking) | 39.85% | 18.24% | Compare |
| KN Knowles Corporation | $3.0B | 42.5× | 46.6× | +14.32% (above 0%: growing) | +155.56% (above 0%: growing) | −30.67% (below 0%: shrinking) | 44.72% | 14.81% | Compare |
| BHE Benchmark Electronics, Inc. | $2.6B | 47.7× | 41.3× | +17.69% (above 0%: growing) | +1,733.33% (above 0%: growing) | +244.06% (above 0%: growing) | 10.37% | 4.00% | Compare |
| ROG Rogers Corporation | $2.5B | 76.4× | 42.6× | +6.90% (above 0%: growing) | n/m | +226.79% (above 0%: growing) | 32.47% | 9.23% | Compare |
| OUST Ouster, Inc. | $2.3B | — (loss-making) | — (loss-making) | +55.86% (above 0%: growing) | n/m | −600.91% (below 0%: shrinking) | 48.85% | (36.69%) | Compare |
| ALNT Allient Inc. | $1.7B | 54.2× | 47.2× | +10.17% (above 0%: growing) | +82.35% (above 0%: growing) | −59.55% (below 0%: shrinking) | 34.85% | 10.15% | Compare |
| CTS CTS Corporation | $1.6B | 22.7× | 26.1× | +7.00% (above 0%: growing) | +8.06% (above 0%: growing) | +15.11% (above 0%: growing) | 41.48% | 18.51% | |
| DAKT Daktronics, Inc. | $878.7M | 18.4× | 16.2× | +7.12% (above 0%: growing) | +17.65% (above 0%: growing) | +24.97% (above 0%: growing) | 30.52% | 10.63% | Compare |
| Median of peers | $2.5B | 47.7× | 41.3× | +16.01% | +50.00% | −27.35% | 37.35% | 10.39% |
CTS Corporation (CTS) key facts
- Strength: CTS Corporation’s revenue for fiscal 2025 (year ended December 2025) was $541.3 million, up 5.16% from fiscal 2024.
- CTS Corporation (CTS) is an Electronic Components company in the Technology sector, listed on the New York Stock Exchange.
- As of October 16, 2026, CTS traded at $54.95, a market capitalization of $1.6 billion.
- CTS Corporation pays an annual dividend of $0.16 per share, a yield of 0.29%, with a payout ratio of 6.72%.
- Return on equity was 12.1% and debt-to-equity 0.10.
- Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 6.17 (safe zone) for fiscal 2025.