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Strattec Security Corporation

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Strattec Security Corporation • NASDAQ
$75.00 ▼ -0.33% (-0.25)
Market Cap $313.90 M
52w High $83.00
52w Low $31.57
Dividend Yield 0%
P/E 13.09
Volume 29.81K
Outstanding Shares 4.19M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $152.399M ▲ $15.888M ▼ $8.529M ▲ 5.596% ▲ $2.1 ▲ $14.834M ▲
Q4-2025 $152.013M ▲ $16.898M ▲ $8.267M ▲ 5.438% ▲ $2.05 ▲ $14.256M ▲
Q3-2025 $144.082M ▲ $16.02M ▲ $5.396M ▲ 3.745% ▲ $1.34 ▲ $11.344M ▲
Q2-2025 $129.919M ▼ $15.017M ▲ $1.319M ▼ 1.015% ▼ $0.33 ▼ $5.604M ▼
Q1-2025 $139.052M $13.858M $3.703M 2.663% $0.92 $9.203M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $90.473M ▲ $390.057M ▼ $134.278M ▼ $230.547M ▲
Q4-2025 $84.579M ▲ $391.454M ▲ $145.023M ▼ $221.592M ▲
Q3-2025 $62.106M ▲ $387.392M ▲ $152.791M ▲ $210.699M ▲
Q2-2025 $42.625M ▲ $355.895M ▼ $127.74M ▼ $204.536M ▲
Q1-2025 $34.403M $366.867M $139.807M $203.034M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $8.537M ▲ $11.327M ▼ $-1.529M ▲ $-3.903M ▲ $5.894M ▼ $9.798M ▼
Q4-2025 $8.267M ▲ $30.176M ▲ $-2.996M ▼ $-4.983M ▼ $22.473M ▲ $27.18M ▲
Q3-2025 $5.711M ▲ $20.72M ▲ $-1.17M ▼ $16K ▲ $19.481M ▲ $19.55M ▲
Q2-2025 $1.398M ▼ $9.444M ▼ $-917K ▲ $15K ▲ $8.222M ▼ $8.527M ▼
Q1-2025 $3.748M $11.337M $-2.073M $13K $8.993M $9.264M

Revenue by Products

Product Q2-2023Q3-2023Q4-2023Q1-2026
Reportable Segment
Reportable Segment
 $0 ▲$0 ▲$0 ▲$150.00M ▲
Aftermarket And O E Service
Aftermarket And O E Service
 $10.00M ▲$10.00M ▲$10.00M ▲$0 ▼
Door Handles And Exterior Trim
Door Handles And Exterior Trim
 $30.00M ▲$30.00M ▲$30.00M ▲$0 ▼
Keys And Locksets
Keys And Locksets
 $20.00M ▲$30.00M ▲$30.00M ▲$0 ▼
Latches
Latches
 $10.00M ▲$10.00M ▲$20.00M ▲$0 ▼
Other Product
Other Product
 $0 ▲$0 ▲$0 ▲$0 ▲
Power Access
Power Access
 $30.00M ▲$30.00M ▲$30.00M ▲$0 ▼

Five-Year Company Overview

Income Statement

Income Statement Strattec’s income statement shows a company that went through a rough patch and has been steadily repairing itself. Sales have climbed over the past few years after a dip, suggesting demand has recovered and perhaps grown with new programs. Profitability has clearly improved: margins, which were squeezed enough to cause a loss a few years ago, have moved back into solidly positive territory. Earnings per share, while still quite volatile over the five‑year span, have rebounded strongly in the most recent years. Overall, this looks like a small, cyclical auto supplier that has come out of a downturn and is now operating more efficiently and profitably, but with a history that reminds you results can swing when the auto cycle turns or costs move against them.

Balance Sheet

Balance Sheet The balance sheet looks conservative and gradually stronger. Total assets have grown, with cash building up meaningfully in the most recent year while debt has stayed very low and stable. Equity has edged higher over time, indicating that the business has been rebuilding its capital base rather than relying on borrowing. This combination—more cash, modest investment levels, and little financial leverage—gives Strattec some resilience against industry swings, though its relatively small size still leaves it exposed to large customer decisions and macro conditions.

Cash Flow

Cash Flow Cash generation has improved in a noticeable way. Operating cash flow, which was thin for several years, has picked up nicely more recently, reflecting better profitability and working capital discipline. Free cash flow has swung from slightly negative or flat to comfortably positive, even after continued investment in tooling and equipment. Capital spending appears disciplined rather than aggressive. Overall, the cash‑flow picture supports the idea of a business that has tightened operations and now has more internal cash to fund modernization, R&D, or balance‑sheet strength, though this is still a cyclical, project‑driven cash profile rather than a smooth utility‑like one.

Competitive Edge

Competitive Edge Strattec occupies a focused niche in automotive access and security rather than trying to be a broad, all‑purpose auto parts supplier. Its main strengths lie in decades‑long relationships with major automakers, a reputation for engineering depth in locks and access systems, and participation in the global VAST Alliance, which extends its reach beyond North America. Being able to design, engineer, and manufacture in‑house creates switching costs for customers and makes Strattec more of a design partner than a commodity vendor. At the same time, the company faces classic mid‑tier supplier risks: dependence on a relatively small number of large automakers, pricing pressure from powerful customers, exposure to production cycles, and competition from larger electronics and systems suppliers as vehicles become more digital. Its moat is real but narrow—based on specialization, history, and integration into customers’ platforms rather than sheer scale.

Innovation and R&D

Innovation and R&D Innovation is a clear focal point for Strattec. The company has evolved from traditional mechanical locks to electronic and “smart” access systems, including power liftgates, sophisticated key and fob systems, and more integrated user interface controls. Products like the Invis‑A‑Rise tailgate system and BOLT locks highlight both technical creativity and an ability to address end‑user convenience. Strattec is also leaning into digital key and phone‑as‑a‑key technology, which aligns with trends in connected and electric vehicles and is largely independent of which powertrain wins. Its efforts to expand into user interface controls and non‑automotive applications through its component solutions arm show an attempt to broaden the opportunity set. The main challenge is that this innovation push requires continuous electronics and software investment in a market where larger, better‑capitalized players also compete, making execution speed and customer intimacy critical.

Summary

Strattec today looks like a specialized auto‑parts supplier that has come through a period of pressure with stronger margins, a cleaner balance sheet, and better cash flow. Its strengths are deep relationships with major automakers, technical know‑how in access and security, and a strategic focus on smart, electronic, and digital solutions that should matter in both traditional and electric vehicles. The company’s relatively low debt and rising cash provide some financial cushion as it evaluates modernizing facilities and reshaping its product mix. On the other hand, it remains tied to a cyclical, price‑sensitive industry, with customer concentration and rapid technological change as ongoing risks. The story is one of a niche engineering player using innovation and operational improvement to stay relevant in a changing auto landscape, with opportunities in smart access and EV‑related applications balanced against the usual volatility and bargaining power dynamics of the global auto supply chain.

NEWS

October 30, 2025 · 4:15 PM UTC

Strattec First Quarter Fiscal 2026 Financial Results Validate Operational Improvements

Read more

October 16, 2025 · 4:15 PM UTC

Strattec Announces Fiscal 2026 First Quarter Financial Results Conference Call and Webcast

Read more