STONERIDGE INC SRI
Founded in 1965, Stoneridge, Inc. (the "Company") is a global supplier of safe and efficient electronics systems and technologies. Our systems and products power vehicle intelligence, while enabling safety and security for on-and off-highway transportation sectors around the world. Our worldwide footprint is primarily comprised of 21 locations in 14 countries and enables us to supply global commercial, automotive, off-highway, agricultural and other vehicle markets.
Our custom-engineered products and systems are used to activate equipment and accessories, monitor and display vehicle performance and control, distribute electrical power and signals and provide vehicle safety, security and convenience. Our product offerings consist of actuators, sensors, switches and connectors, advanced driver information products, vision systems, connectivity and compliance solutions, control modules, vehicle tracking devices and monitoring services, vehicle security alarms and convenience accessories, telematics solutions and multimedia devices. We supply the majority of our products, predominantly on a sole-source basis, to many of the world's leading commercial vehicle, automotive and off-highway original equipment manufacturers ("OEMs") and select non-vehicle OEMs, as well as certain automotive and commercial vehicle Tier 1 suppliers. Our customers are increasingly utilizing electronic technology to comply with more stringent regulations (particularly safety) and to meet end-user demand for improved vehicle performance and greater convenience. As a result of this trend, per-vehicle electronic content has been increasing. Our technology and our partnership-oriented approach to product design and development enables us to develop next-generation products and systems aligned with these trends. For example, we continue to invest in the development of advanced system capabilities that are complementary to our driver information solutions and vision systems such as integrated driver assistance technologies and an intelligent connected trailer system.
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 | $861.3M | $908.3M | $975.8M | $899.9M | $770.5M | $648.0M | $834.3M | $866.2M | $824.4M | $696.0M |
| Cost of revenue | $690.1M | $719.0M | $774.5M | $725.0M | $603.6M | $493.8M | $620.6M | $609.6M | $576.3M | $500.5M |
| Gross profit | $171.2M | $189.3M | $201.3M | $174.9M | $166.9M | $154.2M | $213.7M | $256.6M | $248.1M | $195.4M |
| R&D | $62.5M | $72.2M | $71.1M | $65.3M | $66.2M | $49.4M | $52.2M | $51.1M | $48.9M | $40.2M |
| SG&A | $125.6M | $117.5M | $117.4M | $106.7M | $116.0M | $112.5M | $123.9M | $138.6M | $141.9M | $111.1M |
| Operating income | -$38.6M | -$381.0K | $12.8M | $2.9M | $15.4M | -$7.7M | $71.3M | $67.0M | $57.4M | $44.1M |
| Interest expense | — | — | $13.0M | $7.1M | $5.2M | $6.1M | $4.3M | $4.7M | $5.8M | $6.3M |
| Pre-tax income | -$55.5M | -$13.6M | -$1.9M | -$10.7M | $12.4M | -$10.7M | $68.4M | $65.1M | $52.6M | $39.2M |
| Income tax | $47.4M | $2.9M | $3.3M | $3.4M | $9.0M | $2.8M | $8.1M | $11.2M | $7.5M | $36.4M |
| Net income | -$102.8M | -$16.5M | -$5.2M | -$14.1M | $3.4M | -$8.0M | $60.3M | $53.8M | $45.2M | $77.5M |
| EPS, basic | -3.70 | -0.60 | -0.19 | -0.52 | 0.13 | -0.29 | 2.17 | 1.90 | 1.61 | 2.79 |
| EPS, diluted | -3.70 | -0.60 | -0.19 | -0.52 | 0.12 | -0.29 | 2.13 | 1.85 | 1.57 | 2.74 |
| Shares, diluted (wtd. avg.) | $27.8M | $27.6M | $27.4M | $27.3M | $27.4M | $27.0M | $28.3M | $29.1M | $28.8M | $28.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $66.3M | $71.8M | $40.8M | $54.8M | $85.5M | $73.9M | $69.4M | $81.1M | $66.0M | $50.4M |
| Receivables | $131.4M | $137.8M | $166.5M | $158.2M | $150.4M | $136.7M | $138.6M | $139.1M | $142.4M | $113.2M |
| Inventory | $132.7M | $151.3M | $187.8M | $152.6M | $138.1M | $90.5M | $93.4M | $79.3M | $73.5M | $60.1M |
| Total current assets | $361.9M | $387.5M | $429.4M | $409.6M | $410.8M | $334.7M | $331.3M | $320.2M | $303.4M | $240.9M |
| Property, plant and equipment | $78.9M | $97.7M | $110.1M | $104.6M | $107.9M | $119.3M | $122.5M | $112.2M | $110.4M | $91.5M |
| Goodwill | $37.6M | $33.1M | $35.3M | $34.2M | $36.4M | $39.1M | $35.9M | $36.7M | $38.4M | $931.0K |
| Other intangibles | $38.0M | $39.7M | $47.3M | $45.5M | $49.9M | $55.4M | $58.1M | $62.0M | $75.2M | $39.3M |
| Total assets | $551.2M | $621.6M | $679.9M | $652.1M | $665.4M | $621.4M | $602.2M | $559.5M | $559.0M | $394.5M |
| Accounts payable | $82.2M | $83.5M | $111.9M | $110.2M | $97.7M | $86.1M | $80.7M | $87.9M | $79.4M | $62.6M |
| Short-term debt | — | $0 | $2.1M | $1.4M | $5.2M | $7.7M | $2.7M | $1.5M | $4.2M | $8.6M |
| Total current liabilities | $157.6M | $150.0M | $178.2M | $177.7M | $173.1M | $146.0M | $138.6M | $147.3M | $136.1M | $112.7M |
| Long-term debt | $180.9M | $0 | $0 | $0 | $0 | $143.7M | $454.0K | $983.0K | $3.9M | $8.1M |
| Retained earnings | $77.2M | $180.0M | $196.5M | $201.7M | $215.7M | $212.3M | $206.5M | $146.3M | $92.3M | $45.4M |
| Total equity | $179.8M | $245.3M | $287.7M | $280.9M | $295.9M | $296.6M | $289.9M | $283.3M | $244.1M | $192.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $34.0M | $47.7M | $4.9M | $6.8M | -$36.2M | $28.6M | $24.5M | $80.8M | $78.9M | $65.3M |
| Depreciation and amortisation | $32.5M | $34.3M | $33.6M | $33.7M | $33.8M | $32.7M | $30.9M | $29.2M | $27.9M | $23.3M |
| Stock-based compensation | $4.8M | $4.1M | $3.3M | $5.9M | $6.0M | $5.9M | $6.2M | $5.6M | $7.3M | $6.1M |
| Capital expenditure | $21.9M | $24.3M | $38.5M | $31.6M | $27.0M | $27.7M | $35.8M | $29.0M | $32.2M | $24.5M |
| Investing cash flow | -$21.8M | -$24.5M | -$37.0M | -$28.6M | $28.0M | -$33.9M | -$6.3M | -$27.9M | -$108.6M | -$23.8M |
| Financing cash flow | -$25.3M | $11.1M | $17.5M | -$7.3M | $22.9M | $6.5M | -$28.3M | -$33.9M | $40.8M | -$43.4M |
| Buybacks | — | — | — | $0 | $0 | $5.0M | $50.0M | $1.8M | $1.5M | $1.4M |
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 0001043337-26-000038.
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