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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 |
| Operating 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 |
| Research And Development | - | 24.10 | 24.92 | 23.39 | 25.27 |
| Selling General And Administration | - | 91.52 | 83.82 | 88.28 | 98.72 |
| Total Expenses | - | 491.95 | 468.30 | 438.87 | 457.28 |
| Operating Income | - | 94.92 | 82.12 | 75.88 | 84.04 |
| Total Operating Income As Reported | - | 93.01 | 75.05 | 71.18 | 82.64 |
| EBITDA | - | 112.68 | 107.19 | 103.74 | 122.62 |
| Normalized EBITDA | - | 114.59 | 114.27 | 108.44 | 124.01 |
| EBIT | - | 82.93 | 78.48 | 72.82 | 88.08 |
| Interest Income | - | 1.33 | 4.62 | 4.28 | 2.13 |
| Interest Expense | - | 2.19 | 3.33 | 4.24 | 4.31 |
| Net Interest Income | - | -0.87 | 1.29 | 0.05 | -2.17 |
| Other Non Operating Income Expenses | - | -11.40 | -1.19 | -2.65 | 3.30 |
| Other Income Expense | - | -13.32 | -8.27 | -7.35 | 1.91 |
| Interest Income Non Operating | - | 1.33 | 4.62 | 4.28 | 2.13 |
| Interest Expense Non Operating | - | 2.19 | 3.33 | 4.24 | 4.31 |
| Net Non Operating Interest Income Expense | - | -0.87 | 1.29 | 0.05 | -2.17 |
| Pretax Income | - | 80.74 | 75.15 | 68.58 | 83.77 |
| Tax Provision | - | 21.16 | 14.62 | 13.11 | 18.45 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.50 | -1.38 | -0.86 | -0.31 |
| Net Income Continuous Operations | - | 59.58 | 60.53 | 55.47 | 65.32 |
| Net Income From Continuing And Discontinued Operation | - | 59.58 | 60.53 | 55.47 | 65.32 |
| Net Income From Continuing Operation Net Minority Interest | - | 59.58 | 60.53 | 55.47 | 65.32 |
| Net Income | - | 59.58 | 60.53 | 55.47 | 65.32 |
| Net Income Common Stockholders | - | 59.58 | 60.53 | 55.47 | 65.32 |
| Net Income Including Noncontrolling Interests | - | 59.58 | 60.53 | 55.47 | 65.32 |
| Normalized Income | - | 60.99 | 66.23 | 59.30 | 66.41 |
| Diluted NI Availto Com Stockholders | - | 59.58 | 60.53 | 55.47 | 65.32 |
| Basic Average Shares | - | 31.97 | 31.36 | 30.41 | 29.51 |
| Diluted Average Shares | - | 32.24 | 31.58 | 30.72 | 29.81 |
| Reconciled Depreciation | - | 29.75 | 28.71 | 30.92 | 34.54 |
| Reconciled Cost Of Revenue | - | 376.33 | 359.56 | 327.20 | 333.29 |
| Total Unusual Items | - | -1.91 | -7.07 | -4.70 | -1.40 |
| Total Unusual Items Excluding Goodwill | - | -1.91 | -7.07 | -4.70 | -1.40 |
| Special Income Charges | - | -1.91 | -7.07 | -4.70 | -1.40 |
| Restructuring And Mergern Acquisition | - | 1.91 | 7.07 | 4.70 | 1.40 |
| Gain On Sale Of Ppe | 0 | - | - | - | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| CTS Corporationthis co. | CTS | $1.9B | 29.01 | 3.43 | 11.8% | 15.46 |
| Sonos, Inc. | SONO | $1.9B | - | 5.45 | -17.2% | 143.85 |
| Grindr Inc. | GRND | $1.9B | 20.07 | 40.46 | 201.6% | 15.27 |
| Intapp, Inc. | INTA | $1.9B | -103.17 | 3.62 | -3.5% | -340.62 |
| Five9, Inc. | FIVN | $1.9B | 47.51 | 2.38 | 5.0% |
| - |
| - |
| - |
| - |
| 20.25 |
| SkyWater Technology, Inc. | SKYT | $1.9B | 15.70 | 9.94 | 63.3% | 14.46 |
| Asana, Inc. | ASAN | $1.9B | - | 12.07 | -122.6% | - |
| AMBQ | AMBQ | $1.8B | -49.83 | 11.18 | -22.4% | -51.89 |
| Semrush Holdings, Inc. | SEMR | $1.8B | -95.70 | 6.29 | -6.6% | -174.63 |
| Peer Median | - | -17.06 | 8.11 | -5.0% | 14.46 | |