CTS (CTS) financial statements
CTS reported revenue of $541M in fiscal 2025, up 3.5% a year over 9 years.
Net income was $65M and the operating margin 15.3%, against 15.9% in 2016.
Free cash flow was $86M, and the company returned $5M in dividends and $56M in net buybacks.
The diluted share count fell 10% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from CTS's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $397M | $423M | $470M | $469M | $424M | $513M | $587M | $550M | $515M | $541M |
| Cost of revenue | $256M | $283M | $306M | $311M | $285M | $328M | $376M | $360M | $327M | $333M |
| Gross profit | $140M | $140M | $165M | $158M | $139M | $185M | $211M | $191M | $188M | $208M |
| Research and development | $24M | $25M | $25M | $26M | $24M | $24M | $24M | $25M | $23M | $25M |
| Selling, general and admin | $62M | $72M | $74M | $70M | $68M | $83M | $92M | $84M | $88M | $99M |
| Operating income | $63M | $38M | $61M | $54M | $45M | $76M | $93M | $75M | $71M | $83M |
| Interest expense | $4M | $3M | $2M | $3M | $3M | $2M | $2M | $3M | $4M | $4M |
| Pre-tax income | $57M | $40M | $58M | $50M | $45M | -$61M | $81M | $75M | $69M | $84M |
| Income tax | $23M | $26M | $12M | $14M | $11M | -$19M | $21M | $15M | $13M | $18M |
| Net income | $34M | $14M | $47M | $36M | $35M | -$42M | $60M | $61M | $55M | $65M |
| EPS (diluted) | $1.03 | $0.43 | $1.39 | $1.09 | $1.06 | -$1.30 | $1.85 | $1.92 | $1.81 | $2.19 |
| Diluted shares | 33M | 33M | 34M | 33M | 33M | 32M | 32M | 32M | 31M | 30M |
| Gross margin | 35.4% | 33.2% | 35.1% | 33.6% | 32.8% | 36.0% | 35.9% | 34.7% | 36.4% | 38.4% |
| Operating margin | 15.9% | 9.1% | 13.0% | 11.5% | 10.6% | 14.9% | 15.8% | 13.6% | 13.8% | 15.3% |
| Net margin | 8.7% | 3.4% | 9.9% | 7.7% | 8.2% | -8.2% | 10.2% | 11.0% | 10.8% | 12.1% |
Balance sheet
Fiscal years, from CTS's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $114M | $114M | $101M | $100M | $92M | $141M | $157M | $164M | $94M | $82M |
| Receivables | $63M | $71M | $80M | $78M | $81M | $82M | $91M | $79M | $78M | $88M |
| Inventory | $29M | $37M | $43M | $42M | $46M | $50M | $62M | $60M | $52M | $53M |
| Total current assets | $216M | $234M | $239M | $237M | $233M | $289M | $326M | $319M | $242M | $253M |
| Property, plant and equipment | $82M | $88M | $99M | $105M | $97M | $97M | $97M | $93M | $94M | $90M |
| Goodwill | $62M | $71M | $71M | $106M | $109M | $110M | $152M | $158M | $201M | $210M |
| Total assets | $518M | $540M | $548M | $643M | $626M | $664M | $748M | $741M | $765M | $764M |
| Total current liabilities | $98M | $102M | $104M | $97M | $105M | $114M | $113M | $97M | $98M | $110M |
| Total liabilities | $200M | $196M | $170M | $238M | $202M | $201M | $242M | $214M | $237M | $213M |
| Shareholders' equity | $318M | $344M | $378M | $405M | $424M | $464M | $506M | $527M | $528M | $552M |
| Net debt | -$114M | -$114M | -$101M | -$100M | -$92M | -$141M | -$157M | -$164M | -$94M | -$82M |
Cash flow
Fiscal years, from CTS's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $47M | $58M | $58M | $64M | $77M | $86M | $121M | $89M | $98M | $102M |
| Capital spending | $20M | $18M | $28M | $22M | $15M | $16M | $14M | $15M | $19M | $16M |
| Free cash flow | $27M | $40M | $30M | $43M | $62M | $70M | $107M | $74M | $80M | $86M |
| Dividends paid | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M |
| Share buybacks (net) | $0 | $0 | -$9M | -$12M | -$8M | -$9M | -$21M | -$41M | -$43M | -$56M |
| Free cash flow margin | 6.7% | 9.4% | 6.3% | 9.1% | 14.6% | 13.7% | 18.2% | 13.5% | 15.5% | 16.0% |
| Dividends per share | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 |
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Open CTS in InvestinglyQuestions
What was CTS's revenue in 2025?
$541M in fiscal 2025, from its 10-K filing.
How much free cash flow does CTS generate?
$86M in fiscal 2025 (operating cash flow minus capital spending).
From CTS's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.