STRATTEC SECURITY CORP STRT
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.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 5.07 | 4.64 | 4.10 | -1.70 | 1.82 | 5.95 | -2.04 | -4.63 | 3.39 | 2.01 |
| EPS, diluted | 5.00 | 4.58 | 4.07 | -1.70 | 1.79 | 5.85 | -2.04 | -4.63 | 3.32 | 1.96 |
| Shares, diluted (wtd. avg.) | $4.1M | $4.1M | $4.0M | $3.9M | $3.9M | $3.9M | $3.7M | $3.7M | $3.7M | $3.7M |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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