CTS CORP CTS

Technology SIC 3672 - Printed Circuit Boards NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Bare Printed Circuit Board Manufacturing derived NYSE

CTS Corporation ("CTS", "we", "our", "us" or the "Company") is a global manufacturer of sensors, connectivity components, and actuators. CTS was established in 1896 as a provider of high-quality telephone products and was incorporated as an Indiana corporation in February 1929. Our principal executive offices are located in Lisle, Illinois.

We design, manufacture, and sell a broad line of sensors, connectivity components, and actuators primarily to original equipment manufacturers ("OEMs"), tier one suppliers for the aerospace and defense, industrial, medical, and transportation markets, and the U.S. Government. Our vision is to be a leading provider of sensing and motion devices as well as connectivity components, enabling an intelligent and seamless world. These devices are categorized by their ability to Sense, Connect or Move. Sense products provide vital inputs to electronic systems. Connect products allow systems to function in synchronization with other systems. Move products ensure required movements are effectively and accurately executed. We are committed to achieving our vision by continuing to invest in the development of products, technologies, and talent within these categories.

Last close 53.06 2026-10-23
Market cap $1.52B 2026-03-31 share count
52-week range 36.21 - 69.55

Valuation FY2025 figures against the last close

P/S2.8x
P/E24.2x
P/FCF17.6x
EV/EBITDA12.9x
Dividend yield0.3%
Diluted EPS2.19

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Geographic Distribution - United States
  • Geographic Distribution - China
  • Geographic Distribution - Czech Republic
  • Geographic Distribution - Denmark
  • Geographic Distribution - Singapore
  • Geographic Distribution - Taiwan
  • Geographic Distribution - Other non-U.S.
Revenue by geography, 7 categories over 3 years. The same figures are in the table below. FY2025 Geographic Distribution - United States, FY2025: 304.7M (56.3%) 56% Geographic Distribution - United States Geographic Distribution - China, FY2025: 87M (16.1%) 16% Geographic Distribution - Czech Republic, FY2025: 43.5M (8.0%) 8% Geographic Distribution - Denmark, FY2025: 41.4M (7.7%) 8% Geographic Distribution - Singapore, FY2025: 26.5M (4.9%) 5% Geographic Distribution - Taiwan, FY2025: 22.4M (4.1%) 4% Geographic Distribution - Other non-U.S., FY2025: 15.7M (2.9%) FY2024 Geographic Distribution - United States, FY2024: 298.1M (57.9%) 58% Geographic Distribution - China, FY2024: 89.4M (17.4%) 17% Geographic Distribution - Czech Republic, FY2024: 41.3M (8.0%) 8% Geographic Distribution - Denmark, FY2024: 29.7M (5.8%) 6% Geographic Distribution - Singapore, FY2024: 21.1M (4.1%) 4% Geographic Distribution - Taiwan, FY2024: 22.2M (4.3%) 4% Geographic Distribution - Other non-U.S., FY2024: 13M (2.5%) FY2023 Geographic Distribution - United States, FY2023: 302.5M (55.0%) 55% Geographic Distribution - China, FY2023: 108.7M (19.7%) 20% Geographic Distribution - Czech Republic, FY2023: 42.1M (7.6%) 8% Geographic Distribution - Denmark, FY2023: 29.2M (5.3%) 5% Geographic Distribution - Singapore, FY2023: 29.9M (5.4%) 5% Geographic Distribution - Taiwan, FY2023: 22.6M (4.1%) 4% Geographic Distribution - Other non-U.S., FY2023: 15.4M (2.8%)
Region FY2025FY2024FY2023
Geographic Distribution - United States $304.7M $298.1M $302.5M
Geographic Distribution - China $87.0M $89.4M $108.7M
Geographic Distribution - Czech Republic $43.5M $41.3M $42.1M
Geographic Distribution - Denmark $41.4M $29.7M $29.2M
Geographic Distribution - Singapore $26.5M $21.1M $29.9M
Geographic Distribution - Taiwan $22.4M $22.2M $22.6M
Geographic Distribution - Other non-U.S. $15.7M $13.0M $15.4M

As the company reported it, from the “Geographic Data - Schedule of Financial Information by Geographic Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $541.3M$514.8M$550.4M$586.9M$512.9M$424.1M$469.0M$470.5M$423.0M$396.7M
Cost of revenue $333.3M$327.2M$359.6M$376.3M$328.3M$285.0M$311.4M$305.5M$282.6M$256.3M
Gross profit $208.0M$187.6M$190.9M$210.5M$184.6M$139.1M$157.6M$165.0M$140.4M$140.4M
R&D $25.3M$23.4M$24.9M$24.1M$23.9M$24.3M$26.0M$25.3M$25.1M$24.0M
SG&A $98.7M$88.3M$83.8M$91.5M$82.6M$67.8M$70.4M$73.6M$71.9M$61.6M
Operating income $82.6M$71.2M$75.1M$93.0M$76.5M$45.1M$53.8M$61.0M$38.5M$63.2M
Interest expense $4.3M$4.2M$3.3M$2.2M$2.1M$3.3M$2.6M$2.1M$3.3M$3.7M
Pre-tax income $83.8M$68.6M$75.2M$80.7M-$60.9M$45.5M$50.3M$58.1M$40.3M$57.2M
Income tax $18.5M$13.1M$14.6M$21.2M$19.0M$10.8M$14.1M$11.6M$25.8M$22.9M
Net income $65.3M$55.5M$60.5M$59.6M-$41.9M$34.7M$36.1M$46.5M$14.4M$34.4M
EPS, basic 2.211.821.931.86-1.301.071.111.410.441.05
EPS, diluted 2.191.811.921.85-1.301.061.091.390.431.03
Shares, diluted (wtd. avg.) 29.8M30.7M31.6M32.2M32.3M32.6M33.1M33.6M33.4M33.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $82.3M$94.3M$163.9M$156.9M$141.5M$91.8M$100.2M$100.9M$113.6M$113.8M
Receivables $88.1M$77.6M$78.6M$90.9M$82.2M$81.0M$78.0M$79.5M$70.6M$62.6M
Inventory $52.9M$52.3M$60.0M$62.3M$49.5M$45.9M$42.2M$43.5M$36.6M$28.7M
Total current assets $252.7M$242.2M$319.3M$325.8M$289.1M$233.2M$237.5M$239.4M$233.6M$215.7M
Property, plant and equipment $89.7M$94.4M$92.6M$97.3M$96.9M$97.4M$105.0M$99.4M$88.2M$82.1M
Goodwill $209.6M$201.3M$157.6M$152.4M$109.8M$109.5M$106.1M$71.1M$71.1M$61.7M
Other intangibles $153.6M$163.9M$104.0M$108.1M$69.9M$79.1M$85.2M$60.2M$66.9M$64.4M
Total assets $764.3M$765.4M$741.2M$748.5M$664.5M$626.0M$643.4M$548.3M$539.7M$517.7M
Accounts payable $48.2M$42.6M$43.5M$53.2M$55.5M$50.5M$48.2M$52.0M$49.2M$40.0M
Total current liabilities $109.7M$98.5M$97.0M$112.5M$114.1M$104.9M$96.9M$104.0M$102.4M$98.1M
Total liabilities $212.5M$237.2M$214.3M$242.3M$200.9M$202.4M$238.1M$170.4M$195.9M$199.8M
Retained earnings $713.5M$652.9M$602.2M$546.7M$492.2M$539.3M$509.8M$478.8M$420.2M$411.0M
Total equity $551.8M$528.2M$526.8M$506.2M$463.6M$423.7M$405.2M$377.9M$343.8M$317.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $102.1M$98.2M$88.8M$121.2M$86.1M$76.8M$64.4M$58.2M$58.0M$47.2M
Depreciation and amortisation $34.5M$30.9M$28.7M$29.8M$26.9M$26.7M$24.6M$22.5M$20.7M$19.0M
Capital expenditure $15.7M$18.6M$14.7M$14.3M$15.6M$14.9M$21.7M$28.5M$18.1M$20.5M
Investing cash flow -$18.5M-$140.6M-$18.1M-$111.2M-$15.9M-$23.2M-$95.5M-$28.5M-$36.7M-$81.3M
Financing cash flow -$98.4M-$26.9M-$65.4M$4.3M-$20.7M-$61.3M$30.1M-$42.5M-$20.8M-$8.6M
Dividends paid $4.8M$4.9M$5.0M$5.1M$5.2M$5.2M$5.2M$5.3M$5.3M$5.2M
Buybacks $56.2M$42.6M$40.9M$21.4M$8.8M$8.1M$11.7M$9.4M$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-067039.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M 600M Revenue, FY2016: 396.7M Gross profit, FY2016: 140.4M Net income, FY2016: 34.4M Revenue, FY2017: 423M Gross profit, FY2017: 140.4M Net income, FY2017: 14.4M Revenue, FY2018: 470.5M Gross profit, FY2018: 165M Net income, FY2018: 46.5M Revenue, FY2019: 469M Gross profit, FY2019: 157.6M Net income, FY2019: 36.1M Revenue, FY2020: 424.1M Gross profit, FY2020: 139.1M Net income, FY2020: 34.7M Revenue, FY2021: 512.9M Gross profit, FY2021: 184.6M Net income, FY2021: -41.9M Revenue, FY2022: 586.9M Gross profit, FY2022: 210.5M Net income, FY2022: 59.6M Revenue, FY2023: 550.4M Gross profit, FY2023: 190.9M Net income, FY2023: 60.5M Revenue, FY2024: 514.8M Gross profit, FY2024: 187.6M Net income, FY2024: 55.5M Revenue, FY2025: 541.3M Gross profit, FY2025: 208M Net income, FY2025: 65.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $396.7M $423.0M $470.5M $469.0M $424.1M $512.9M $586.9M $550.4M $514.8M $541.3M
Gross profit $140.4M $140.4M $165.0M $157.6M $139.1M $184.6M $210.5M $190.9M $187.6M $208.0M
Net income $34.4M $14.4M $46.5M $36.1M $34.7M -$41.9M $59.6M $60.5M $55.5M $65.3M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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