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CTS Corp (CTS) stock

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NYSE: CTS NYSE Electronic Components Next results ~February 9, 2027

B Fundamentals grade

CTS Corp is a US-listed company in the electronic components industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$68

Cash-flow model

Base case. Range ~$52–$90 across our lower- and higher-growth cases (-1.1%–8.9% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 8% below our base value.

Price used: $62.85, November 2, 2026

CTS Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds146 adding, 109 cuttingOf 48 active managers that changed their stake, 30 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter CTS files

Where CTS stands after its latest 10-Q

Revenue for the twelve months to September 2026 was $571m, up 7.6% on a year earlier, slower than the 8.5% growth a quarter earlier. That puts it 13 of 16 for growth among the electronic components companies we cover. Free-cash-flow margin rose to 19.0% from 14.9% a year earlier. Operating margin widened to 17.0% from 14.7%. The diluted share count is down 3.7% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 3 of our 3 financial-health checks.

Source: 10-Q filed October 27, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 9, 2027 (estimated)

CTS Corp's trailing-twelve-month revenue grew 7.6% year on year, with a free-cash-flow margin of 19.0%. Where it stands out: change in share count of -3.7% ranks 1 of 22 electronic components companies we cover. Where it lags: change in growth rate of -0.9pp ranks 24 of 26 electronic components companies we cover.

Our discounted-cash-flow model values the business at ~$68 per share in the base case (~$52–$90 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Gross margin expanding: TTM gross margin reached 40.6%, up 2.7pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Shrinking share count. Diluted shares fell 3.7% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.1bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 36% and a beta of 1.5 against the S&P 500.
  • Below peers: change in growth rate. Change in growth rate of -0.9pp ranks 24 of 26 electronic components companies we cover (median +3.5pp).
  • Below peers: revenue growth. Revenue growth of 7.6% ranks 21 of 26 electronic components companies we cover (median 16.1%).

Latest results: FY2026 Q3

Filed October 27, 2026
Earnings per share
$0.77 against an average estimate of $0.65: beat by 17.9%
Revenue
$150m, up 4.6% on a year earlier
Share reaction
+15.9% in the first session after the results on October 27, 2026, against +0.9% for the S&P 500
Guidance given
sales $580m to $590m (2026); adjusted diluted EPS $2.78 to $2.88 (2026)
Next report
October 27, 2026; average EPS estimate $0.67

CTS's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.6%
  • 1 week+16.6%
  • 1 month+2.0%
  • This year+46.9%
  • 1 year+51.9%
  • 5 years+72.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$571M
Operating margin
17.0%
Net margin
12.9%
EPS (TTM, diluted)
$2.54

Growth

Revenue growth
+7.6%
Change in growth rate
−0.9 pts
Share count change
−3.7%

Cash

Free cash flow (TTM)
$108M
FCF margin
19.0%

Earnings

Last results
October 27, 2026
Next results (est.)
February 9, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results
  3. Guidance
  4. Announcement
  5. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

CTS Corp valuation models and calculator

What the price is pricing in

The share price implies about 3.4% a year of cash-flow growth for five years.That is close to the 2.2% a year revenue growth CTS has delivered.

  • Priced in3.4%
  • Last 12 months7.6%
  • 3 years a year0.2%
  • 5 years a year2.2%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($63.50, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$68
Price used
$63.50close November 3, 2026
Implied change
▲ +8%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of CTS Corp's free cash flow after stock-based pay with after-tax interest added back ($95.9M, FY2026 Q3 TTM), growing 7.4% and 4.9% in the next two years (forecasts, guidance and its record), then back to 3.9% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$52–~$90 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of CTS Corp's free cash flow after stock-based pay ( $95.9M, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value CTS Corp as an operating company, with every model that fits that kind of business. Cost of equity 10.6%: the 10-year Treasury yield (4.9%) plus a beta of 1.26 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$68 ~$52–$90 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$53 ~$42–$81 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$23 ~$16–$33 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$23 ~$21–$27 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$47 ~$23–$68 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare CTS Corp with Electronic Components in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +31%
  • Free-cash-flow margin 1 point lower ▼ −5%
  • Last year's free-cash-flow margin change, if it persists ▲ +25%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $52$69$92$122$162$213
8.5% $40$53$69$91$119$155
10% $33$43$56$72$94$121

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$16.70$21.39$24.76$25.03$29.17$33.59$36.10$38.92$43.34$52.42$42.78$62.85
Market value$559m$711m$828m$840m$966m$1.1bn$1.2bn$1.3bn$1.4bn$1.6bn$1.3bn$1.8bn
+ Net debt (− = net cash)−$66m−$25m−$37m−$51m−$541000−$37m−$91m−$73m−$96m−$2m−$25m−$89m
Enterprise value$493m$687m$790m$789m$965m$1.1bn$1.1bn$1.2bn$1.3bn$1.6bn$1.3bn$1.7bn
Multiples
Price / sales 1.5x1.8x2.0x1.8x2.1x2.6x2.3x2.1x2.5x3.1x2.4x3.2x
Price / earnings 80.4x20.7x57.3x18.1x26.7x31.6x—21.1x22.6x29.0x19.5x24.7x
Price / free cash flow 19.0x26.6x20.7x28.3x22.6x17.7x16.6x11.7x18.5x20.2x14.8x16.8x
EV / EBITDA 14.3x8.4x13.4x9.4x12.3x14.7x10.4x9.6x12.3x15.8x10.7x14.0x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

76 /100

Strong moat

How hard CTS's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 18 / 20

    Cash operating profit has been a median 13.5% of total assets over 10 years.

  • Pricing power 12 / 20

    Gross margin has been a median 35.3%, moving by 2.2 percentage points (standard deviation) across 10 years.

  • Durability 13 / 20

    Operating margin has been a median 13.8%; its worst year was 9.5%.

  • Cash conversion 17 / 20

    Free cash flow was positive in 10 of 10 years, at a median 14.2% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 10.8% over five years; stock-based pay has been a median 0.9% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (80 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.80 +26% $583m +8%
Next $2.93 +5% $630m +8%

Next year's EPS estimate has moved −1.7% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +3.1% on 90 days ago. In the last 30 days, 0 analysts raised CTS Corp's forecast and 1 cut it.

Consensus EPS forecast CTS Corp, last 90 days
$2.60 $2.70 $2.80 $2.90 $3.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.72 Current fiscal year, 60 days ago: $2.72 Current fiscal year, 30 days ago: $2.65 Current fiscal year, 7 days ago: $2.65 Current fiscal year, Now: $2.80 $2.80 Next fiscal year, 90 days ago: $2.98 Next fiscal year, 60 days ago: $2.98 Next fiscal year, 30 days ago: $2.87 Next fiscal year, 7 days ago: $2.87 Next fiscal year, Now: $2.93 $2.93

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.72$2.98
60 days ago $2.72$2.98
30 days ago $2.65$2.87
7 days ago $2.65$2.87
Now $2.80$2.93

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.65 $0.77 +17.9%
Jun 2026 $0.61 $0.74 +21.3%
Mar 2026 $0.52 $0.62 +19.2%
Dec 2025 $0.60 $0.62 +3.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 27, 2026
  • sales 2026 $580m to $590m Raised
    “Assuming the continuation of current market conditions, CTS is increasing its previous guidance of 2026 sales from a range of $565-$585 million to $580-$590 million and adjusted diluted EPS from a range of $2.55-$2.70 to $2.78-$2.88.” source
  • adjusted diluted EPS 2026 $2.78 to $2.88 Non-GAAP Raised
    “Assuming the continuation of current market conditions, CTS is increasing its previous guidance of 2026 sales from a range of $565-$585 million to $580-$590 million and adjusted diluted EPS from a range of $2.55-$2.70 to $2.78-$2.88.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows CTS Corp's revenue by +7.4% next year and +4.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+8.4%, weight 37%) , management guidance (+8.7%, weight 37%) and the company's own record (+3.9%, weight 25%) . How the weights are set.

Analyst recommendations

2 analysts, Oct 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026112
  2. Sep 2026112
  3. Aug 20260

Counts of recommendations published by analysts covering CTS Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.8%
of tradable shares
Days to cover
4.32
at average volume
Short interest, 1 month
+9%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
2.1%
of shares
Employees
3,492
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +51.9%

$41.39 on October 31, 2025 to $62.85

ThenNowEffect
Revenue (last 12 months) $520m $564m +8.5%
Net margin 11.8% 12.4% +4.5%
P/E multiple 20.4x 26.3x +28.8%
Share count 30m 29m +4.0%

Biggest factor: p/e multiple.

Last 3 years +55.9%

$40.32 on November 3, 2023 to $62.85

ThenNowEffect
Revenue (last 12 months) $585m $564m −3.6%
Net margin 9.9% 12.4% +24.9%
P/E multiple 22.2x 26.3x +18.2%
Share count 32m 29m +9.5%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
CTS+8%+8%+11%+21%−18%+47%
Industry peers (median)+21%−14%+10%+7%+8%+19%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CTS50%50%58%50%50%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CTS−23%−21%−27%−19%−34%−22%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 53% from July 6, 2018 to March 20, 2020. Getting back needed a 111% gain, reached on May 24, 2021, 430 days after the low.

Price behaviour

52-week range
$40.17 – $68.22
From 52-week high
−7.9%
vs 50-day average
+8.9%
vs 200-day average
+9.5%
Volatility (1 year)
36%
Beta vs S&P 500
1.52

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±4.6%
After a week
5 up, 6 down
typical move ±6.8%
After a month
7 up, 4 down
typical move ±9.5%
Results releasedNext dayS&P 500 next day5 days21 days
October 27, 2026 +15.9% +0.9% — —
July 28, 2026 +1.9% −1.3% +11.3% −5.6%
April 29, 2026 +5.2% +1.0% +10.6% +18.3%
February 10, 2026 +2.8% −0.3% −2.3% −15.8%
October 28, 2025 −3.1% +0.3% −1.2% +0.3%
July 24, 2025 +2.4% +0.5% −3.1% +7.7%
April 30, 2025 −3.0% +0.7% −1.8% +2.0%
February 4, 2025 −2.7% +1.1% −5.8% −12.2%
October 29, 2024 +4.6% −0.1% +8.3% +11.9%
July 30, 2024 −5.5% +1.1% −12.5% −6.8%
May 1, 2024 +6.0% +0.6% +11.2% +15.7%
February 6, 2024 +2.7% +1.1% +6.2% +8.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How CTS Corp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

CTS Corp in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) CTS Corp
$500M $520M $540M $560M $580M FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $550.4M Revenue (TTM), FY24 Q1: $530.2M Revenue (TTM), FY24 Q2: $515.2M Revenue (TTM), FY24 Q3: $513M Revenue (TTM), FY24 Q4: $514.8M Revenue (TTM), FY25 Q1: $514.8M Revenue (TTM), FY25 Q2: $519.9M Revenue (TTM), FY25 Q3: $530.5M Revenue (TTM), FY25 Q4: $541.3M Revenue (TTM), FY26 Q1: $554.8M Revenue (TTM), FY26 Q2: $564.3M Revenue (TTM), FY26 Q3: $570.9M $570.9M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $550.4M
FY24 Q1 $530.2M
FY24 Q2 $515.2M
FY24 Q3 $513M
FY24 Q4 $514.8M
FY25 Q1 $514.8M
FY25 Q2 $519.9M
FY25 Q3 $530.5M
FY25 Q4 $541.3M
FY26 Q1 $554.8M
FY26 Q2 $564.3M
FY26 Q3 $570.9M
Revenue growth, TTM YoY CTS Corp
-20% -10% 0% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -6.2% Revenue growth, TTM YoY, FY24 Q1: -9.4% Revenue growth, TTM YoY, FY24 Q2: -12.0% Revenue growth, TTM YoY, FY24 Q3: -9.7% Revenue growth, TTM YoY, FY24 Q4: -6.5% Revenue growth, TTM YoY, FY25 Q1: -2.9% Revenue growth, TTM YoY, FY25 Q2: 0.9% Revenue growth, TTM YoY, FY25 Q3: 3.4% Revenue growth, TTM YoY, FY25 Q4: 5.2% Revenue growth, TTM YoY, FY26 Q1: 7.8% Revenue growth, TTM YoY, FY26 Q2: 8.5% Revenue growth, TTM YoY, FY26 Q3: 7.6% 7.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -6.2%
FY24 Q1 -9.4%
FY24 Q2 -12.0%
FY24 Q3 -9.7%
FY24 Q4 -6.5%
FY25 Q1 -2.9%
FY25 Q2 0.9%
FY25 Q3 3.4%
FY25 Q4 5.2%
FY26 Q1 7.8%
FY26 Q2 8.5%
FY26 Q3 7.6%
Operating margin (TTM) CTS Corp
12% 14% 16% 18% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 13.6% Operating margin (TTM), FY24 Q1: 12.7% Operating margin (TTM), FY24 Q2: 13.0% Operating margin (TTM), FY24 Q3: 13.5% Operating margin (TTM), FY24 Q4: 13.8% Operating margin (TTM), FY25 Q1: 14.2% Operating margin (TTM), FY25 Q2: 15.0% Operating margin (TTM), FY25 Q3: 14.7% Operating margin (TTM), FY25 Q4: 15.3% Operating margin (TTM), FY26 Q1: 15.9% Operating margin (TTM), FY26 Q2: 16.4% Operating margin (TTM), FY26 Q3: 17.0% 17.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 13.6%
FY24 Q1 12.7%
FY24 Q2 13.0%
FY24 Q3 13.5%
FY24 Q4 13.8%
FY25 Q1 14.2%
FY25 Q2 15.0%
FY25 Q3 14.7%
FY25 Q4 15.3%
FY26 Q1 15.9%
FY26 Q2 16.4%
FY26 Q3 17.0%
FCF margin (TTM) CTS Corp
12% 14% 16% 18% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 13.5% FCF margin (TTM), FY24 Q1: 15.4% FCF margin (TTM), FY24 Q2: 15.0% FCF margin (TTM), FY24 Q3: 17.4% FCF margin (TTM), FY24 Q4: 15.5% FCF margin (TTM), FY25 Q1: 14.8% FCF margin (TTM), FY25 Q2: 16.6% FCF margin (TTM), FY25 Q3: 14.9% FCF margin (TTM), FY25 Q4: 16.0% FCF margin (TTM), FY26 Q1: 15.8% FCF margin (TTM), FY26 Q2: 16.2% FCF margin (TTM), FY26 Q3: 19.0% 19.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 13.5%
FY24 Q1 15.4%
FY24 Q2 15.0%
FY24 Q3 17.4%
FY24 Q4 15.5%
FY25 Q1 14.8%
FY25 Q2 16.6%
FY25 Q3 14.9%
FY25 Q4 16.0%
FY26 Q1 15.8%
FY26 Q2 16.2%
FY26 Q3 19.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar CTS took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $541M
  2. Cost of revenue $333M · 61.6%
  3. Gross profit $208M · 38.4%
  4. Research and development $25.3M · 4.7%
  5. Selling, general and admin $98.7M · 18.2%
  6. Operating income $82.6M · 15.3%
  7. Income tax $18.5M · 3.4%
  8. Net income $65.3M · 12.1%

Shares of revenue. Source: CTS's 10-K for FY2025, as filed with the SEC.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 499 553 280 304 409 404 382 397 423 470 469 424 513 587 550 515 541 571
Gross profit — — — — 121 130 127 140 140 165 158 139 185 211 191 188 208 232
EBITDA 2 45 30 35 39 59 34 82 59 84 78 72 103 123 104 102 117 124
Operating income −18 28 13 15 18 42 18 63 38 61 54 45 76 93 75 71 83 97
Net income −34 22 21 20 −4 27 7 34 14 47 36 35 −42 60 61 55 65 74
Diluted EPS −$1.01 $0.63 $0.60 $0.59 −$0.12 $0.78 $0.21 $1.03 $0.43 $1.39 $1.09 $1.06 −$1.30 $1.85 $1.92 $1.81 $2.19 $2.54
Growth (year on year)
Revenue — +10.8% −49.4% +8.8% +34.5% −1.3% −5.4% +3.8% +6.6% +11.2% −0.3% −9.6% +21.0% +14.4% −6.2% −6.5% +5.2% +7.6%
EBITDA — — −33.4% +14.6% +12.1% +52.6% −42.0% +139.1% −28.0% +41.2% −6.1% −8.5% +44.0% +18.7% −15.5% −1.6% +14.8% +19.2%
Operating income — — −54.4% +18.5% +17.4% +139.3% −57.2% +248.7% −39.1% +58.6% −11.8% −16.1% +69.5% +21.6% −19.3% −5.2% +16.1% +24.4%
Net income — — −4.9% −3.0% −119.3% — −73.8% — −58.0% +222.1% −22.3% −4.0% −220.7% — +1.6% −8.4% +17.7% +29.2%
Diluted EPS — — −4.8% −1.7% −120.3% — −73.1% — −58.3% +223.3% −21.6% −2.8% −222.6% — +3.8% −5.7% +21.0% +34.2%
Margins
Gross margin — — — — 29.6% 32.2% 33.2% 35.4% 33.2% 35.1% 33.6% 32.8% 36.0% 35.9% 34.7% 36.4% 38.4% 40.6%
EBITDA margin 0.3% 8.2% 10.8% 11.4% 9.5% 14.7% 9.0% 20.7% 14.0% 17.8% 16.7% 16.9% 20.2% 20.9% 18.9% 19.8% 21.6% 21.7%
Operating margin −3.6% 5.0% 4.5% 4.9% 4.3% 10.5% 4.7% 15.9% 9.1% 13.0% 11.5% 10.6% 14.9% 15.8% 13.6% 13.8% 15.3% 17.0%
Net margin −6.8% 4.0% 7.5% 6.7% −1.0% 6.6% 1.8% 8.7% 3.4% 9.9% 7.7% 8.2% −8.2% 10.2% 11.0% 10.8% 12.1% 12.9%
Free-cash-flow margin 8.0% 1.1% 2.4% 9.3% 5.8% 5.0% 7.7% 6.7% 9.4% 6.3% 9.1% 14.6% 13.7% 18.2% 13.5% 15.5% 16.0% 19.0%
Cash flow
Cash from operations 47 19 22 42 38 33 39 47 58 58 64 77 86 121 89 98 102 123
Capital spending 7 13 16 13 14 13 10 21 18 28 22 15 16 14 15 19 16 15
Free cash flow 40 6 7 28 24 20 29 27 40 30 43 62 71 107 74 80 86 108
Stock-based pay 4 4 4 4 4 3 3 3 4 5 5 3 6 7 5 5 4 —
Free cash flow after stock pay 37 2 3 24 19 18 26 24 36 25 38 59 65 100 69 74 82 —
Balance sheet
Cash 51 73 76 110 124 135 157 114 114 101 100 92 141 157 164 94 82 144
Total debt — — 74 154 75 75 91 89 76 50 100 55 50 84 68 92 58 55
Net debt (negative = net cash) −51 −73 −2 44 −49 −60 −66 −25 −37 −51 −1 −37 −91 −73 −96 −2 −25 −89
Diluted shares — 35m 35m 35m 34m 34m 33m 33m 33m 34m 33m 33m 32m 32m 32m 31m 30m 29m
Returned to shareholders
Dividends 4 4 4 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5
Buybacks — — 4 10 6 8 18 0 0 9 12 8 9 21 41 43 56 32
Total returned 4 4 8 15 11 13 23 5 5 15 17 13 14 27 46 47 61 36

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 3 checks passed · September 30, 2026
What it owns · $822m
Short-term assets $329mLonger-term assets $493m
What it owes, and who funded it · $822m
Short-term liabilities $127mLonger-term liabilities $109mShareholders' equity $587m
  • Short-term assets cover short-term liabilities $329m of assets due within a year against $127m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $329m short-term assets against $109m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $97m against $3m of interest.

From CTS Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$31.9M
Dividends (TTM)
$4.6M
Returned to shareholders
34%
of free cash flow
Buybacks, last 3 fiscal years
$140M
Diluted share count
−3.7%
year over year
Total shareholder yield
2.0%
dividends 0.3% + buybacks 1.8% of market value
Dividend payout ratio
6%
of net income paid out
R&D spending
4.1%
of revenue
Sales & admin spending
19.3%
of revenue
Days sales outstanding
59 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electronic components
Last 12 months unless stated CTS OLED KN BELFA PI ROG Median
Revenue, last 12 months $571m $628m $666m $744m $388m $855m $647m
Revenue growth, last 12 months 7.6% −1.9% 16.1% 25.3% 7.7% 6.7% 15.0%
Revenue growth, 3-year average 0.2% 2.3% 25.5% 2.6% 7.3% −2.7% 5.6%
Revenue growth, latest quarter 4.6% 14.9% 20.3% 25.2% 16.7% 9.3% 18.4%
Gross margin 40.6% 74.9% 44.4% 39.5% 53.5% 32.7% 36.5%
Operating margin 17.0% 34.6% 14.6% 15.9% −0.7% 7.9% 8.5%
Operating margin, 3-year average 15.1% 36.7% 11.2% 14.6% −2.2% 2.6% 8.3%
Net margin 12.9% 36.7% 10.8% 7.2% −2.5% 5.3% 5.8%
Cash from operations / revenue 21.6% 42.2% — 11.2% 19.7% 13.9% 10.4%
Free-cash-flow margin 19.0% 36.9% — 9.9% 16.9% 11.3% 3.7%
Free-cash-flow margin, 3-year average 17.1% 32.0% — 11.7% 19.2% 9.8% 8.9%
Stock pay / revenue 0.9% 3.9% 4.4% 1.2% 16.1% 1.1% 1.9%
Change in share count −3.7% −1.8% −0.4% — 6.4% −2.6% 2.9%

Median of all 26 companies we cover in electronic components. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

26 electronic components companies
Measure Company Peer median Rank
Revenue growth Growth 7.6% 16.1% 21 of 26
Change in growth rate Growth -0.9pp +3.5pp 24 of 26
Gross margin Profitability 40.6% 36.8% 5 of 24
Operating margin Profitability 17.0% 9.0% 5 of 25
Net margin Profitability 12.9% 6.0% 5 of 26
Free-cash-flow margin Cash generation 19.0% 5.6% 3 of 24
Change in share count Balance sheet -3.7% 3.5% 1 of 22
Days sales outstanding Balance sheet 59 days 69 days 8 of 24

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$1.8B
Institutions reporting
274
Shares held vs prior quarter
▲ 2.3%
Positions opened / closed
53 / 21

Top buyers and sellers, Q2 2026: 146 institutions bought and 109 sold ; the biggest buyer was Wasatch Advisors LP (+1.6M shares) and the biggest seller Fiduciary Management Inc (−1.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $293M 4.5M 16.0% ▲ 2.2%
Wasatch Advisors LP $235M 3.6M 12.8% ▲ 80.5%
Earnest Partners LLC $108M 1.7M 5.9% ▼ 3.7%
Vanguard Portfolio Management LLC $82.2M 1.3M 4.5% ▲ 4.0%
Vanguard Capital Management LLC $79.4M 1.2M 4.3% ▼ 1.8%
Dimensional Fund Advisors LP $77.8M 1.2M 4.2% ▼ 2.9%
State Street Corp $76.8M 1.2M 4.2% ▲ 2.2%
GAMCO Investors, Inc. Et Al $76.3M 1.2M 4.2% ▼ 2.4%
Brown Advisory Inc $64M 982K 3.5% ▼ 3.9%
Geode Capital Management, LLC $49.6M 761K 2.7% ▲ 2.8%
Harvey Partners, LLC $35.5M 545K 1.9% ▼ 8.3%
London Co Of Virginia $33.5M 513K 1.8% ▼ 4.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not CTS Corp's complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around February 9, 2027 estimated from the company's past filing pattern, not announced

  • October 27, 2026
  • July 28, 2026
  • April 29, 2026
  • February 10, 2026
  • October 28, 2025
  • July 24, 2025

Recent SEC filings

Data status

When each part of this page on CTS Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

CTS Corp in brief

What does CTS Corp do?
CTS Corp is a US-listed company in the electronic components industry. Its financial year ends in December.
What is CTS Corp's stock ticker?
CTS Corp trades under the ticker CTS on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is CTS Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, CTS Corp reported revenue of $571M, 7.6% higher than a year earlier, according to its SEC filings.
What is CTS Corp's free cash flow?
CTS Corp's free-cash-flow margin is 19.0% of revenue over the trailing twelve months, ranking 3 of the 24 electronic components companies we cover.
What is CTS Corp's fair value (intrinsic value) per share?
Our discounted-cash-flow model of CTS Corp's free cash flow after stock-based pay gives ~$68 per share in the base case, and ~$52–$90 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are CTS Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Wasatch Advisors LP and Earnest Partners LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is CTS Corp buying back stock, and does it pay a dividend?
CTS Corp spent $31.9M on share repurchases over the trailing twelve months, and its diluted share count fell 3.7% over the year.
What is CTS Corp's market cap?
On November 2, 2026, CTS Corp's market capitalisation was about $1.8B, with a price-to-earnings ratio of 24.7 and net debt of -$88.9M. Market figures come from third-party market data and may be delayed.
Does CTS Corp pay a dividend?
Yes: CTS Corp paid $4.6M in dividends over the trailing twelve months, a dividend yield of 0.26% and a payout ratio of 6.2%.
Who are CTS Corp's competitors?
In our Electronic Components peer group, the companies closest to CTS Corp are Universal Display Corp \pa\, Knowles Corp, BEL Fuse Inc, Impinj Inc and Rogers Corp. The side-by-side comparison below sets their revenue, margins and growth against CTS Corp's.
When is CTS Corp's next earnings date?
Around February 9, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — CTS Corp announces its own schedule.