CTS vs Impinj
CTS is the larger business, with $541m of revenue in fiscal 2025 against $361m for Impinj (1.5 times as much). CTS grew faster (5.2% against -1.4%). CTS kept more of each dollar of sales as profit: a net margin of 12.1% against -3.0%. CTS carries less debt relative to equity (10.4% against 137.4%).
| Latest fiscal year | CTSCTS, 2025 | ImpinjPI, 2025 |
|---|---|---|
| Revenue | $541m | $361m |
| Revenue growth | 5.2% | -1.4% |
| Net income | $65.3m | −$10.8m |
| Operating margin | 15.3% | -0.2% |
| Net margin | 12.1% | -3.0% |
| Return on equity | 12.1% | -6.0% |
| Free cash flow | $86.4m | $45.9m |
| Cash | $82.3m | $48.2m |
| Total debt | $57.5m | $287m |
| Debt to equity | 10.4% | 137.4% |
| Dividend per share | $0.16 | — |
| Dividend yield | 0.3% | — |
| Share buybacks | $56.2m | — |
| Employees | — | 457 |
| Market value | $1.81bn | $5.72bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 76 (Strong) | 36 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 52 sales |