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CTS

CTS Corporation

CTS

CTS Corporation • NYSE
$42.33 ▼ -0.59% (-0.25)
Market Cap $1.26 B
52w High $57.49
52w Low $34.02
Dividend Yield 0.16%
P/E 21.38
Volume 86.26K
Outstanding Shares 29.79M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $142.97M ▲ $34.123M ▲ $13.687M ▼ 9.573% ▼ $0.46 ▼ $29.63M ▼
Q2-2025 $135.541M ▲ $29.403M ▼ $18.527M ▲ 13.669% ▲ $0.62 ▲ $32.897M ▲
Q1-2025 $125.809M ▼ $29.813M ▲ $13.367M ▼ 10.625% ▼ $0.45 $26.089M ▼
Q4-2024 $127.309M ▼ $27.855M ▲ $13.606M ▼ 10.687% ▼ $0.45 ▼ $27.296M ▼
Q3-2024 $132.415M $27.54M $18.683M 14.109% $0.62 $32.197M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $110.296M ▲ $790.371M ▲ $242.717M ▲ $547.654M ▼
Q2-2025 $99.44M ▲ $784.729M ▲ $234.572M ▲ $550.157M ▲
Q1-2025 $90.288M ▼ $765.528M ▼ $227.29M ▼ $538.238M ▲
Q4-2024 $94.334M ▼ $766.112M ▼ $235.262M ▼ $530.85M ▲
Q3-2024 $94.875M $789.392M $258.586M $530.806M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $13.69M ▼ $29.023M ▲ $-4.797M ▼ $-15.053M ▲ $10.856M ▲ $24.226M ▼
Q2-2025 $18.524M ▲ $28.352M ▲ $-3.28M ▲ $-16.451M ▼ $9.152M ▲ $25.072M ▲
Q1-2025 $13.367M ▼ $15.518M ▼ $-4.465M ▲ $-15.9M ▲ $-4.046M ▼ $11.053M ▼
Q4-2024 $13.606M ▼ $25.954M ▼ $-6.101M ▲ $-20.441M ▼ $-541K ▲ $19.853M ▼
Q3-2024 $18.682M $35.395M $-125.783M $24.565M $-66.371M $31.524M

Revenue by Products

Product Q4-2012Q1-2013Q2-2013Q3-2013
Components And Sensors Segment
Components And Sensors Segment
 $80.00M ▲$100.00M ▲$110.00M ▲$100.00M ▼
Ems Segment
Ems Segment
 $0 ▲$50.00M ▲$50.00M ▲$60.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has climbed meaningfully over the last several years, with a noticeable step up from the pandemic period, though growth has cooled and even slipped a bit after peaking in 2022. Despite this softer top line more recently, profitability has held up reasonably well: gross margins and operating margins have stayed fairly steady, suggesting decent pricing power and cost control. There was a loss a few years ago that stands out as an exception, but earnings have since been positive and relatively consistent. Overall, the income statement shows a company that is profitable, operationally disciplined, and reasonably resilient, but not currently in a strong, accelerating growth phase.

Balance Sheet

Balance Sheet The balance sheet looks generally solid and conservative. Total assets and shareholders’ equity have trended upward over time, indicating gradual strengthening of the company’s financial base. Cash levels rose for a few years and then eased back more recently, but the company still maintains a useful liquidity cushion. Debt remains modest relative to equity, pointing to moderate leverage and leaving room for financial flexibility. In simple terms, CTS appears to be funded primarily by its own capital with only a measured use of borrowing, which reduces balance sheet risk but also means less financial “turbocharging” of returns.

Cash Flow

Cash Flow Cash generation is a clear bright spot. Operating cash flow has been positive every year in the period shown and has generally improved, even in years when accounting earnings were under some pressure. After modest capital spending needs, free cash flow remains consistently positive, which is important for supporting dividends, buybacks, debt reduction, or strategic investments without needing to rely heavily on new borrowing. Capital expenditures are relatively restrained, suggesting the business is not excessively capital-hungry. Overall, the cash flow profile looks steady and dependable rather than volatile.

Competitive Edge

Competitive Edge CTS operates in specialized niches within sensors, actuators, and connectivity components, where reliability and customization matter more than sheer volume. Its competitive strength rests on close collaboration with equipment manufacturers, tailoring components to demanding applications in areas like automotive, aerospace, industrial automation, and medical devices. This custom, design-in model tends to create sticky customer relationships and higher switching costs, since alternatives are not simple drop-in replacements. A global manufacturing footprint supports large, multinational clients. The main competitive risks are intense technology competition, pressure from larger electronics suppliers, and exposure to cyclical end markets that can slow orders even when CTS’s relative position remains strong.

Innovation and R&D

Innovation and R&D Innovation and engineering depth are central to CTS’s strategy. The company has meaningful expertise in piezoelectric ceramics, precision sensing, and RF filtering, backed by a sizable patent portfolio. Recent product launches, such as the COBROS electric motor control platform and various advanced sensors and controls, show a focus on higher-value, smarter components rather than commodity parts. CTS is deliberately aligning R&D with faster-growing, more demanding markets like electric vehicles, robotics, aerospace and defense, industrial automation, and medical technology. This creates significant upside potential if these new solutions gain broad adoption, but it also requires ongoing R&D investment and the ability to anticipate shifting technology standards and customer needs.

Summary

CTS presents as a financially sound, niche technology manufacturer with steady profitability, a relatively strong balance sheet, and consistent free cash flow. Its main strengths are technical know-how, close integration with customers’ product designs, and a focused push into higher-growth, higher-reliability markets. The company is not a rapid top-line growth story at the moment, but it appears to be managing margins and cash generation well despite a more muted revenue trend. Looking ahead, performance will likely hinge on how effectively CTS can convert its innovation pipeline and custom-engineering model into sustained growth in targeted sectors, while managing exposure to cyclical demand and ongoing technology competition.

NEWS

November 26, 2025 · 9:15 AM UTC

CTS Corporation Appoints Pratik Trivedi as Chief Operating Officer

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November 7, 2025 · 9:00 AM UTC

CTS Corporation Declares a Dividend and Share Repurchase Program

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November 6, 2025 · 9:00 AM UTC

CTS Corporation Announces Appointment of Kimberly Banks MacKay to its Board of Directors

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November 3, 2025 · 5:43 PM UTC

CTS Corporation to Participate in the Southwest IDEAS Conference

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October 28, 2025 · 8:00 AM UTC

CTS Announces Third Quarter 2025 Results

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