China Automotive Systems vs Strattec Security
China Automotive Systems is the larger business, with $766m of revenue in fiscal 2025 against $579m for Strattec Security (1.3 times as much). China Automotive Systems grew faster (17.6% against 2.5%). China Automotive Systems kept more of each dollar of sales as profit: a net margin of 5.6% against 3.6%. Strattec Security carries less debt relative to equity (0.0% against 21.7%).
| Latest fiscal year | China Automotive SystemsCAAS, 2025 | Strattec SecuritySTRT, 2026 |
|---|---|---|
| Revenue | $766m | $579m |
| Revenue growth | 17.6% | 2.5% |
| Net income | $42.8m | $20.6m |
| Operating margin | 7.0% | 4.6% |
| Net margin | 5.6% | 3.6% |
| Return on equity | 11.4% | 9.0% |
| Free cash flow | $74.4m | $39.0m |
| Cash | $142m | $108m |
| Total debt | $87.0m | $0 |
| Debt to equity | 21.7% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $7.4m |
| Employees | — | 2,654 |
| Market value | $127m | $255m |
| Price vs our value range | — | Below our value range |
| Moat score | — | 29 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 4 buys, 1 sales |