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Maker of sensors, actuators and electronic components for aerospace, defense, industrial and transportation customers.
Maker of sensors, actuators and electronic components for aerospace, defense, industrial and transportation customers.
Parts are designed in for a specific platform and supplied for its life, with aerospace and defense programs lasting far longer than vehicle models. Its own piezoelectric ceramics, materials that change shape under electricity or generate it under pressure, go into sensors and actuators, giving it control of a key input.
Moat: narrow (switching costs, process know-how). Components are designed into long-lived aerospace/industrial platforms, making resourcing costly.
Headquarters: Lisle, Illinois, US · Founded: 1896 · Employees: 3,492
Size CTS (CTS) is a United States Information Technology company (Electronic Production Equipment) with a market value of $1.65B, the 1922nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $57.87 on 6 Nov 2026.
Performance Over six months the shares fell 6.3%, against -25.7% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 20 in its peer set.
Growth Revenue grew 7.5% over the last twelve months (peer median +11.0%); the operating margin is 16.3% (peer median 8.5%).
Valuation It trades at 20.3× forward earnings against a peer median of 28.2× (6th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +3 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 4.5 points above its cost of capital (9.4% WACC).
Backlog Backlog (remaining performance obligations) was $8.60M at 31 Dec 2025 — 0.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 4.0% of the free float (15 Oct 2026).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $572M | $542M | $515M | $551M | $587M |
| Revenue growth | — | +5% | -7% | -6% | — |
| Gross profit | $227M | $209M | $187M | $188M | $210M |
| EBITDA | $128M | $119M | $106M | $108M | $124M |
| Net income | $73.9M | $65.3M | $55.5M | $60.5M | $59.6M |
| Free cash flow | $108M | $86.4M | $79.6M | $74.1M | $107M |
| Capital expenditure | $15.2M | $15.7M | $18.6M | $14.7M | $14.3M |
| Total debt | $88.8M | $82.8M | $118M | $96.9M | $109M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| CTS CTS | $1.65B | -6% | +7% | 16% | 20.3× | 8.5% |
| Sensata Technologies ST | $5.72B | -13% | +4% | 16% | 9.9× | 5.2% |
| TE Connectivity TEL | $59.5B | +1% | +15% | 22% | 15.1× | 8.2% |
| Amphenol APH | $184B | +21% | +58% | 29% | 21.6× | 15.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CTS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.0% | -16.4% | 2nd highest of 21 |
| 6-month return | -6.3% | -25.7% | 5th highest of 20 |
| Distance from 52-week high | -16.8% | -51.1% | 2nd highest of 21 |
| Revenue growth (TTM) | +7.5% | +11.0% | 9th lowest of 21 |
| Operating margin | 16.3% | 8.5% | 5th highest of 21 |
| Forward P/E | 20.3× | 28.2× | 6th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 8.5% | 13.1% | 6th least demanding of 14 |
| Growth delivered (Del g) | +5.0% | +10.3% | 4th lowest of 14 |
| Hurdle (Req g minus delivered) | +3.4 pp | +0.9 pp | 7th most demanding of 14 |
| ROIC minus cost of capital | +4.5 pp | -2.8 pp | 5th highest of 21 |
| EV / EBITDA | 12.4× | 13.5× | 3rd cheapest of 6 |
| Net debt / EBITDA | -0.4× | -0.7× | 3rd most indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CTS CTS | United States | $1.65B | -6% | +7% | 16% | 20.3× | 8.5% | +5.0% |
| Beijing Relpow Technology 300593.SZ | China | $1.68B | -27% | +16% | -14% | 286.9× | n/a | n/a |
| Photronics PLAB | United States | $1.61B | -49% | +1% | 22% | 13.3× | 1.9% | +6.9% |
| Shenzhen Bluetrum Technology 688332.SS | China | $1.71B | -17% | +6% | 7% | 37.6× | n/a | n/a |
| Sichuan Injet Electric 300820.SZ | China | $1.71B | +4% | -12% | 13% | 35.8× | 29.9% | +29.0% |
| Shenzhen Sinexcel Electric 300693.SZ | China | $1.57B | -28% | +27% | 15% | 17.2× | 13.1% | +35.0% |
| Aehr Test Systems AEHR | United States | $1.75B | -45% | -15% | -28% | n/a | n/a | n/a |
| Visual Photonics Epitaxy 2455.TW | Taiwan | $1.80B | -17% | +34% | 26% | 34.1× | 38.7% | +5.0% |
| DBG Technology 300735.SZ | China | $1.81B | -28% | +17% | 2% | 26.0× | 3.5% | +31.6% |
| Shenzhen Microgate Technology 300319.SZ | China | $1.86B | +12% | +11% | 8% | 30.5× | 22.5% | +10.3% |
| Suzhou Betely Polymer Materials 301697.SZ | China | $1.44B | n/a | +45% | 5% | n/a | n/a | n/a |
| Nolato NOLA-B.ST | Sweden | $1.40B | +5% | 0% | 10% | 18.8× | 3.9% | +0.2% |
| TKD Science and Technology 603738.SS | China | $1.39B | -37% | +20% | 9% | 42.5× | 44.4% | +8.4% |
| TPV Technology 000727.SZ | China | $1.38B | -23% | +7% | -1% | n/a | n/a | n/a |
| Kitron KIT.OL | Norway | $2.02B | -20% | +54% | 10% | 22.0× | -0.6% | +16.9% |
| Plug Power PLUG | United States | $2.03B | -54% | +11% | -68% | n/a | n/a | n/a |
| Shenzhen SED Industry 000032.SZ | China | $2.03B | -36% | +5% | 1% | 42.9× | 7.0% | +8.9% |
| Shenzhen Success Electronics 002289.SZ | China | $1.33B | -9% | +237% | 27% | n/a | 24.4% | +18.8% |
| Dongguan Tarry Electronics 300976.SZ | China | $1.33B | +4% | +19% | 9% | 15.3× | 17.5% | +27.2% |
| Doosan Fuel Cell 336260.KS | South Korea | $1.33B | -56% | -19% | -31% | n/a | n/a | n/a |
| TXC 3042.TW | Taiwan | $1.28B | -26% | +9% | 17% | 14.4× | 10.7% | +3.9% |
CTS reported $8.60M of remaining performance obligations at 31 Dec 2025. That is 0.0 years of trailing revenue already under contract.