STRATTEC SECURITY CORP STRT

Consumer discretionary SIC 3714 - Motor Vehicle Parts & Accessories NAICS Manufacturing › Transportation Equipment Manufacturing › Motor Vehicle Parts Manufacturing derived Nasdaq

Strattec is a global automotive access company that designs and delivers safe, secure, and highly engineered access solutions for the automotive and mobility markets. Built on generations of access and security engineering expertise, we partner closely with OEMs to create differentiated, system level access experiences for end consumers. Our product portfolio spans the access journey from Permission, enabling secure vehicle entry through advanced mechanical and electronic systems; to Motion, delivering effortless, reliable powered access that enhances everyday usability; and through to Hold, providing precision‑engineered latching solutions that give drivers confidence through proven strength, safety, and durability trusted by OEMs worldwide. While primarily focused on key North American automotive original equipment manufacturers ("OEM"), we also provide our products globally to customers in both OEM and aftermarket channels. We believe that our engineering expertise, ability to deliver customized solutions and our quality and delivery performance are key advantages that differentiate the Company from its competitors and allow us to be a premier partner to our customers.

Last close 61.01 2026-10-23
Market cap $243.1M 2026-06-28 share count
52-week range 57.01 - 93.00

Valuation FY2026 figures against the last close

P/S0.4x
P/E12.2x
P/FCF6.2x
EV/EBITDA5.8x
Dividend yield—
Diluted EPS5.00

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

Revenue by segment

  • United States
  • Canada
  • Mexico
  • Korea
  • Other
Revenue by segment, 5 categories over 3 years. The same figures are in the table below. FY2026 United States, FY2026: 387M (66.8%) 67% United States Canada, FY2026: 69.4M (12.0%) 12% Canada Mexico, FY2026: 59M (10.2%) 10% Mexico Korea, FY2026: 50.6M (8.7%) 9% Korea Other, FY2026: 13.3M (2.3%) FY2025 United States, FY2025: 381.4M (67.5%) 67% Canada, FY2025: 59.7M (10.6%) 11% Mexico, FY2025: 52.8M (9.4%) 9% Korea, FY2025: 56.9M (10.1%) 10% Other, FY2025: 14.2M (2.5%) FY2024 United States, FY2024: 382.4M (71.1%) 71% Canada, FY2024: 57.1M (10.6%) 11% Mexico, FY2024: 43M (8.0%) 8% Korea, FY2024: 44.7M (8.3%) 8% Other, FY2024: 10.6M (2.0%)
Segment FY2026FY2025FY2024
United States $387.0M $381.4M $382.4M
Canada $69.4M $59.7M $57.1M
Mexico $59.0M $52.8M $43.0M
Korea $50.6M $56.9M $44.7M
Other $13.3M $14.2M $10.6M

As the company reported it, from the “Segment Information - Schedule of Net Sales and Net Tangible Long Lived Assets (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $579.4M$565.1M$537.8M$492.9M$452.3M$485.3M$385.3M$487.0M$439.2M$417.3M
Cost of revenue $484.0M$480.5M$472.3M$450.8M$396.2M$406.6M$349.9M$429.2M$384.8M$356.4M
Gross profit $95.4M$84.6M$65.5M$42.2M$56.0M$78.7M$35.4M$57.8M$54.4M$61.0M
R&D $21.8M$21.7M$14.8M$15.9M$12.2M$10.8M$9.8M$13.8M$4.8M$4.6M
Total operating expenses $68.8M$61.8M$47.7M$48.2M$47.1M$44.7M$44.1M$47.2M$41.2M$46.1M
Operating income $26.5M$22.8M$17.8M-$6.1M$8.9M$33.9M-$8.7M$10.6M$13.3M$14.8M
Interest expense $359.0K$1.0M$900.0K$960.0K$221.0K$302.0K$920.0K$1.6M$1.1M$417.0K
Pre-tax income $33.0M$24.6M$20.2M-$7.7M$9.3M$35.0M-$8.1M-$20.4M$17.7M$16.4M
Income tax $11.3M$5.7M$3.8M$1.3M$415.0K$5.1M$2.3M$7.7M$2.1M$4.3M
Net income $20.6M$18.7M$16.3M-$6.7M$7.0M$22.5M-$7.6M-$17.0M$12.3M$7.2M
EPS, basic 5.074.644.10-1.701.825.95-2.04-4.633.392.01
EPS, diluted 5.004.584.07-1.701.795.85-2.04-4.633.321.96
Shares, diluted (wtd. avg.) 4.1M4.1M4.0M3.9M3.9M3.9M3.7M3.7M3.7M3.7M

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $108.2M$84.6M$25.4M$20.6M$8.8M$14.5M$11.8M$7.8M$8.1M$8.4M
Receivables $99.1M$102.1M$99.3M$89.8M$75.8M$69.9M$42.0M$84.2M$73.8M$64.9M
Inventory $64.3M$64.7M$81.6M$77.6M$80.5M$70.9M$54.4M$47.3M$46.7M$35.5M
Total current assets $296.3M$290.1M$253.8M$225.8M$188.2M$174.9M$125.4M$156.6M$151.1M$129.0M
Property, plant and equipment $69.8M$77.4M$86.2M$94.4M$91.7M$96.4M$105.1M$118.1M$116.5M$111.6M
Other intangibles —————————$41.0K
Total assets $387.5M$391.5M$364.3M$340.9M$319.1M$310.6M$265.5M$312.7M$307.2M$273.7M
Accounts payable $55.0M$65.8M$54.9M$57.9M$44.0M$36.7M$18.5M$41.9M$38.4M$39.7M
Total current liabilities $102.2M$119.3M$118.3M$109.0M$81.5M$77.6M$48.1M$79.3M$68.8M$67.9M
Total liabilities $122.0M$145.0M$138.7M———————
Retained earnings $289.9M$269.3M$250.6M$234.3M$241.0M$234.0M$211.9M$221.1M$236.2M$225.9M
Total equity $238.6M$221.6M$225.6M$211.0M$219.9M$181.0M$175.4M$187.8M$183.2M$172.7M

Cash flow

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $46.3M$71.7M$12.3M$10.1M$10.4M$35.1M$25.4M$29.9M$6.9M$23.1M
Depreciation and amortisation $15.1M$14.8M$16.5M$17.5M$19.4M$19.8M$19.3M$17.2M$14.6M$11.4M
Stock-based compensation $3.3M$2.7M$1.5M$1.5M$1.1M$972.0K$996.0K$1.1M$1.1M$1.5M
Capital expenditure $7.3M$7.2M$9.8M$17.4M$14.2M$8.9M$12.4M$17.5M$24.1M$37.0M
Investing cash flow -$5.4M-$7.2M-$7.8M$8.9M-$14.3M-$9.0M-$12.3M-$17.6M-$23.9M-$39.5M
Financing cash flow -$16.9M-$4.9M$72.0K-$7.4M-$1.9M-$22.9M-$9.0M-$12.2M$16.4M$9.2M
Dividends paid ——————$1.6M$2.1M$2.0M$2.0M
Buybacks $7.4M$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 0001193125-26-374333.

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, FY2017: 417.3M Gross profit, FY2017: 61M Net income, FY2017: 7.2M Revenue, FY2018: 439.2M Gross profit, FY2018: 54.4M Net income, FY2018: 12.3M Revenue, FY2019: 487M Gross profit, FY2019: 57.8M Net income, FY2019: -17M Revenue, FY2020: 385.3M Gross profit, FY2020: 35.4M Net income, FY2020: -7.6M Revenue, FY2021: 485.3M Gross profit, FY2021: 78.7M Net income, FY2021: 22.5M Revenue, FY2022: 452.3M Gross profit, FY2022: 56M Net income, FY2022: 7M Revenue, FY2023: 492.9M Gross profit, FY2023: 42.2M Net income, FY2023: -6.7M Revenue, FY2024: 537.8M Gross profit, FY2024: 65.5M Net income, FY2024: 16.3M Revenue, FY2025: 565.1M Gross profit, FY2025: 84.6M Net income, FY2025: 18.7M Revenue, FY2026: 579.4M Gross profit, FY2026: 95.4M Net income, FY2026: 20.6M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue $417.3M $439.2M $487.0M $385.3M $485.3M $452.3M $492.9M $537.8M $565.1M $579.4M
Gross profit $61.0M $54.4M $57.8M $35.4M $78.7M $56.0M $42.2M $65.5M $84.6M $95.4M
Net income $7.2M $12.3M -$17.0M -$7.6M $22.5M $7.0M -$6.7M $16.3M $18.7M $20.6M

Recent filings and events

  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • 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
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03

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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