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CTS Corporation designs, manufactures, and sells sensors, connectivity components, and actuators in North America, Europe, and Asia. The company offers controls, pedals, sensors, switches, transducers, and piezo sensing products; EMI/RFI filters, capacitors, resistors, RF filters, and frequency control products; and piezo microactuators and rotary actuators. It serves transportation, industrial, medical, aerospace, and defense industries. The company sells and markets its products through its sales engineers, independent manufacturer representatives, and distributors. CTS Corporation was founded in 1896 and is headquartered in Lisle, Illinois.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $541M | $123M | $65M | $86M | 11.8% | 5.2% | 17.7% |
| 2024 | $515M | $104M | $55M | $80M | 10.5% | -6.5% | -8.4% |
| 2023 | $550M | $107M | $61M | $74M | 11.5% | -6.2% | 1.6% |
| 2022 | $587M | $113M | $60M | $107M | 11.8% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 586.87 | 550.42 | 514.76 | 541.32 |
| Cost Of Revenue | - | 376.33 | 359.56 | 327.20 | 333.29 |
| Gross Profit | - | 210.54 | 190.86 | 187.56 | 208.03 |
| Operating Expense | - | 115.62 | 108.73 | 111.67 | 123.99 |
| Operating Income | - | 94.92 | 82.12 | 75.88 | 84.04 |
| EBITDA | - | 112.68 | 107.19 | 103.74 | 122.62 |
| EBIT | - | 82.93 | 78.48 | 72.82 | 88.08 |
| Pretax Income | - | 80.74 | 75.15 | 68.58 | 83.77 |
| Tax Provision | - | 21.16 | 14.62 | 13.11 | 18.45 |
| Net Income | - | 59.58 | 60.53 | 55.47 | 65.32 |
| Net Income Common Stockholders | - | 59.58 | 60.53 | 55.47 | 65.32 |
| Total Expenses | - | 491.95 | 468.30 | 438.87 | 457.28 |
| Interest Expense | - | 2.19 | 3.33 | 4.24 | 4.31 |
| Interest Income | - | 1.33 | 4.62 | 4.28 | 2.13 |
| Research And Development | - | 24.10 | 24.92 | 23.39 | 25.27 |
| Selling General And Administration | - | 91.52 | 83.82 | 88.28 | 98.72 |
| Normalized EBITDA | - | 114.59 | 114.27 | 108.44 | 124.01 |
| Normalized Income | - | 60.99 | 66.23 | 59.30 | 66.41 |
| Market Cap | 1,626.46 | 1,626.46 | 1,626.46 | 1,626.46 | 1,626.46 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| CTS Corporationthis co. | CTS | $1.7B | 24.90↑ premium | 2.95 | 11.8% | 13.27 |
| Blackbaud, Inc. | BLKB | $1.8B | 13.28 | 21.13 | 135.2% | 10.69 |
| Alkami Technology, Inc. | ALKT | $1.8B | - | 4.81 | -13.2% | -52.67 |
| Flywire Corporation | FLYW | $1.7B | 124.36 | 2.00 | 1.6% | 31.16 |
| PC Connection, Inc. | CNXN | $1.6B | 19.39 |
| - |
| - |
| - |
| - |
| 1.78 |
| 9.2% |
| 11.63 |
| Ouster, Inc. | OUST | $1.6B | - | 5.95 | -23.1% | -19.32 |
| Appian Corporation | APPN | $1.6B | 1086.00 | -34.20 | -2.6% | 79.94 |
| GigaCloud Technology Inc. | GCT | $1.6B | 12.09 | 3.30 | 28.3% | 10.71 |
| Wealthfront Corporation | WLTH | $1.6B | - | 2.55 | -6.8% | -10.29 |
| Peer Median | - | 19.39 | 2.92 | -0.5% | 10.70 | |