NYSE · Financial Statements

CTS Corporation (CTS) Financial Statements

$53.06 NYSE: CTS Market Cap $1.52B

CTS Corporation most recently reported annual revenue of $542.0M, net profit of $65.0M. Revenue grew at an average annual rate of 5.0% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

CTS Corporation: Revenue rose from $397.0M in 2016 to $542.0M in 2025, a change of +36.5% over 9 years; net profit was positive in 9 of 10 reported years; operating margin moved from 14.0% to 15.6%, a shift of +1.6 percentage points; the most recent year shows net profit of $65.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$397.0M$423.0M$470.0M$469.0M$424.0M$513.0M$587.0M$551.0M$516.0M$542.0M
Operating Expenses$341.0M$379.0M$400.0M$409.0M$376.0M$436.0M$493.0M$471.0M$439.0M$457.0M
Operating Profit$56.0M$44.0M$70.0M$60.0M$48.0M$77.0M$94.0M$79.0M$77.0M$85.0M
Operating Margin14.0%10.5%14.9%12.8%11.3%15.0%16.0%14.4%14.8%15.6%
Other Income$2.0M$-4.0M$-12.0M$-10.0M$-2.0M$-138.0M$-13.0M$-4.0M$-5.0M$-1.0M
Interest$4.0M$3.0M$2.0M$3.0M$3.0M$2.0M$2.0M$3.0M$4.0M$6.0M
Depreciation$19.0M$21.0M$23.0M$25.0M$27.0M$27.0M$30.0M$29.0M$31.0M$35.0M
Profit Before Tax$57.0M$40.0M$58.0M$50.0M$45.0M$-61.0M$81.0M$75.0M$71.0M$84.0M
Tax$39.9M$64.1M$19.9M$28.1M$23.7M$31.2M$26.2M$19.4M$18.4M$22.0M
Net Profit$34.0M$14.0M$47.0M$36.0M$35.0M$-42.0M$60.0M$61.0M$58.0M$65.0M
EPS$1.03$0.43$1.39$1.09$1.06$-1.30$1.85$1.92$1.89$2.19
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$135.0M$125.0M$126.0M$130.0M$132.0M$127.0M$126.0M$136.0M$143.0M$138.0M$139.0M$145.0M
Operating Expenses$112.0M$108.0M$110.0M$111.0M$110.0M$107.0M$110.0M$112.0M$122.0M$115.0M$118.0M$118.0M
Operating Profit$22.0M$16.0M$15.0M$19.0M$22.0M$20.0M$16.0M$24.0M$21.0M$23.0M$21.0M$27.0M
Operating Margin16.6%13.1%12.3%14.8%16.9%16.0%12.8%17.4%14.8%16.4%15.1%18.6%
Interest$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M
Profit Before Tax$19.0M$18.0M$14.0M$18.0M$22.0M$17.0M$16.0M$23.0M$20.0M$25.0M$22.0M$26.0M
Tax$25.4M$13.1M$18.6M$17.2M$16.8M$21.6M$17.1M$19.4M$30.6M$20.9M$20.6M$27.0M
Net Profit$14.0M$15.0M$11.0M$15.0M$19.0M$14.0M$13.0M$19.0M$14.0M$20.0M$17.0M$19.0M
EPS$0.44$0.49$0.36$0.48$0.61$0.44$0.44$0.62$0.46$0.67$0.59$0.66

Over the 10 years reported for CTS Corporation, borrowings increased from $90.0M in 2016 to $122.0M in 2025, cash stood at $82.0M in the latest year, shareholders' equity was $325.0M, current assets covered current liabilities 2.30 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$518.0M$538.0M$548.0M$643.0M$626.0M$664.0M$748.0M$741.0M$766.0M$764.0M
Current Assets$216.0M$234.0M$239.0M$237.0M$233.0M$289.0M$326.0M$319.0M$244.0M$253.0M
Cash$114.0M$114.0M$101.0M$100.0M$92.0M$141.0M$157.0M$164.0M$94.0M$82.0M
Inventory$29.0M$37.0M$43.0M$42.0M$46.0M$50.0M$62.0M$60.0M$54.0M$53.0M
Receivables$63.0M$71.0M$80.0M$78.0M$81.0M$82.0M$91.0M$79.0M$78.0M$88.0M
Fixed Assets$82.0M$88.0M$99.0M$130.0M$121.0M$118.0M$120.0M$119.0M$117.0M$112.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$46.0M$57.0M$54.0M$62.0M$57.0M$49.0M$1.0M$1.0M$1.0M$0
Other Assets$62.0M$69.0M$71.0M$106.0M$109.0M$110.0M$152.0M$158.0M$200.0M$210.0M
Total Liabilities$200.0M$194.0M$170.0M$238.0M$202.0M$201.0M$242.0M$214.0M$235.0M$213.0M
Current Liabilities$98.0M$102.0M$104.0M$97.0M$105.0M$114.0M$113.0M$97.0M$98.0M$110.0M
Borrowings$90.0M$76.0M$50.0M$127.0M$81.0M$75.0M$109.0M$97.0M$117.0M$122.0M
Other Liabilities$110.0M$118.0M$120.0M$111.0M$121.0M$126.0M$133.0M$117.0M$118.0M$91.0M
Equity$303.0M$305.0M$307.0M$308.0M$311.0M$315.0M$317.0M$319.0M$322.0M$325.0M
Reserves$318.0M$344.0M$378.0M$405.0M$424.0M$464.0M$506.0M$527.0M$531.0M$552.0M

For CTS Corporation, operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $86.0M; free cash flow was positive in 10 of 10 years; financing activities used $59.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$47.0M$58.0M$58.0M$64.0M$77.0M$86.0M$121.0M$89.0M$99.0M$102.0M
Investing Cash Flow$-102.0M$-55.0M$-57.0M$-117.0M$-38.0M$-32.0M$-126.0M$-33.0M$-159.0M$-34.0M
Financing Cash Flow$-4.0M$-3.0M$-11.0M$-14.0M$-11.0M$-11.0M$-24.0M$-44.0M$-47.0M$-59.0M
Net Cash Flow$-43.0M$0$-13.0M$-1.0M$-8.0M$50.0M$15.0M$7.0M$-70.0M$-12.0M
Free Cash Flow$27.0M$40.0M$30.0M$43.0M$62.0M$71.0M$107.0M$74.0M$81.0M$86.0M

Valuation & Return Ratios

MetricValue
PEG Ratio1.95
EV / EBITDA13.40
FCF Yield5.20%
Quick Ratio2.07
Interest Coverage21.81
Return 1Y49.67%
Return 3Y44.43%
Return 5Y80.57%

CTS Corporation (CTS) financials — frequently asked questions

What is CTS Corporation's annual revenue?

CTS Corporation (CTS) reported annual revenue of $542.0M in its most recent fiscal year.

What is CTS Corporation's net profit?

CTS Corporation (CTS) reported net profit of $65.0M in its most recent fiscal year.

What is CTS EV/EBITDA?

CTS Corporation's enterprise value to EBITDA (EV/EBITDA) ratio is 13.40.

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