KEY TRONIC CORP KTCC
Key Tronic Corporation was organized in 1969, as a Washington corporation that locally manufactured computer keyboards. The ability to design, build and deliver a quality product led us to become a leading independent manufacturer of keyboards for computers in the United States. Our fully integrated design, tooling, and automated manufacturing capabilities enabled us to rapidly respond to customers' needs for keyboards in production quantities worldwide. We supported our sales growth through the development and purchase of international manufacturing facilities. As the computer keyboard market matured with increasing competition from other international providers, we determined that our business could no longer solely rely on keyboard sales.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $467.9M | $566.9M | $605.3M | $544.2M | $518.7M | $449.5M | $464.0M | $446.3M | $467.8M | $485.0M |
| Cost of revenue | $431.4M | $527.1M | $557.8M | $501.0M | $476.7M | $414.2M | $429.4M | $412.2M | $429.5M | $446.1M |
| Gross profit | $36.4M | $39.9M | $47.5M | $43.2M | $42.0M | $35.2M | $34.6M | $34.2M | $38.3M | $38.8M |
| R&D | $9.2M | $8.3M | $9.7M | $9.8M | $9.8M | $7.4M | $6.6M | $6.2M | $6.4M | $6.4M |
| SG&A | $26.7M | $25.2M | $25.7M | $24.6M | $22.7M | $21.0M | $21.6M | $22.3M | $22.4M | $22.0M |
| Total operating expenses | $35.9M | $33.1M | $31.1M | $34.4M | $32.5M | $28.4M | $40.6M | $33.1M | $28.8M | $28.4M |
| Operating income | $562.0K | $6.8M | $16.3M | $8.8M | $9.5M | $6.8M | -$6.0M | $1.1M | $9.5M | $10.4M |
| Interest expense | $12.5M | $11.9M | $10.0M | $5.1M | $3.6M | $2.5M | $2.8M | $2.6M | $2.3M | $2.3M |
| Pre-tax income | -$12.0M | -$5.2M | $6.3M | $3.7M | $5.9M | $4.3M | -$8.7M | -$1.4M | $7.3M | $8.2M |
| Income tax | $3.6M | $2.4M | $1.1M | $314.0K | $1.6M | $439.0K | $758.0K | $117.0K | $1.6M | $1.6M |
| Net income | -$8.3M | -$2.8M | $5.2M | $3.4M | $4.3M | $4.8M | -$8.0M | -$1.3M | $5.6M | $6.5M |
| EPS, basic | -0.77 | -0.26 | 0.48 | 0.31 | 0.40 | 0.44 | -0.74 | -0.12 | 0.52 | 0.61 |
| EPS, diluted | -0.77 | -0.26 | 0.47 | 0.31 | 0.39 | 0.44 | -0.74 | -0.12 | 0.51 | 0.58 |
| Shares, diluted (wtd. avg.) | $10.8M | $10.8M | $10.9M | $11.1M | $11.0M | $10.8M | $10.8M | $10.8M | $10.9M | $11.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.4M | $4.8M | $3.6M | $1.7M | $3.5M | $553.0K | $601.0K | $343.0K | $373.0K | $1.0M |
| Receivables | $96.1M | $132.6M | $150.6M | $135.9M | $110.3M | $86.1M | $58.4M | $70.3M | $65.2M | $61.7M |
| Inventory | $97.3M | $105.1M | $137.9M | $155.7M | $137.3M | $115.0M | $100.4M | $110.3M | $101.6M | $107.0M |
| Total current assets | $234.2M | $288.4M | $349.5M | $340.0M | $299.3M | $242.8M | $198.1M | $194.5M | $178.2M | $181.5M |
| Property, plant and equipment | $27.7M | $28.8M | $28.9M | $26.0M | $35.7M | $31.8M | $29.4M | $27.5M | $30.5M | $27.9M |
| Goodwill | — | — | — | — | — | — | $0 | $10.0M | $10.0M | $10.0M |
| Other intangibles | — | — | — | — | $0 | $0 | $657.0K | $3.7M | $4.8M | $5.9M |
| Total assets | $315.9M | $355.3M | $418.3M | $406.9M | $361.8M | $304.9M | $238.3M | $246.5M | $232.8M | $235.9M |
| Accounts payable | $63.7M | $79.4M | $115.9M | $121.4M | $92.8M | $80.2M | $73.6M | $76.2M | $53.1M | $59.0M |
| Short-term debt | $6.2M | $3.1M | $3.1M | $2.2M | — | — | — | — | — | — |
| Total current liabilities | $92.0M | $104.2M | $152.0M | $163.7M | $126.7M | $112.2M | $93.4M | $98.9M | $77.8M | $84.1M |
| Long-term debt | $98.9M | $116.4M | $121.5M | $100.3M | $100.4M | $70.9M | $5.0M | $35.0M | $42.9M | $26.3M |
| Total liabilities | $198.7M | $231.4M | $287.7M | $282.0M | $238.1M | $189.3M | $123.9M | $128.4M | $116.3M | $130.3M |
| Retained earnings | $68.6M | $76.9M | $83.0M | $77.8M | $74.5M | $70.1M | $65.4M | $72.8M | $73.5M | $67.9M |
| Total equity | $117.1M | $124.0M | $130.6M | $124.9M | $123.7M | $115.6M | $114.5M | $118.1M | $116.6M | $105.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $18.9M | $13.8M | -$11.3M | -$4.9M | -$15.1M | -$31.0M | $919.0K | $3.1M | $2.3M | $4.6M |
| Depreciation and amortisation | $9.6M | $11.0M | $9.5M | $7.6M | $6.9M | $5.6M | $7.3M | $7.8M | $7.2M | $6.2M |
| Stock-based compensation | $218.0K | -$444.0K | $254.0K | $293.0K | $192.0K | $266.0K | $436.0K | $447.0K | $692.0K | $764.0K |
| Capital expenditure | $4.1M | $4.0M | $9.8M | $6.8M | $10.6M | $8.6M | $8.4M | $4.5M | $9.3M | $13.3M |
| Investing cash flow | -$4.2M | -$2.1M | -$4.5M | -$8.1M | -$10.6M | -$3.6M | -$1.9M | $4.9M | -$1.3M | -$5.7M |
| Financing cash flow | -$18.1M | -$10.5M | $17.7M | $11.2M | $28.6M | $34.5M | $1.2M | -$8.0M | -$1.6M | $1.7M |
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 0000719733-25-000086.
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