Rogers Corporation designs, develops, manufactures, and sells engineered materials and components in the United States, other Americas, China, other Asia Pacific countries, Germany, Europe, the Middle East, and Africa. It operates in two Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS) segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles, automotive, aerospace and defense, renewable energy, wireless infrastructure, mass transit, industrial, connected devices, and wired infrastructure markets. This segment sells its products under the curamik, ROLINX, RO4000 series, RO3000 series, RT/duroid, CLTE series, TMM, AD series, DiClad series, CuClad series, Kappa, COOLSPAN, TC series, IsoClad series, MAGTREX, IM series, 2929 Bondply, SpeedWave Prepreg, RO4400/RO4400T series, and Radix trade names. The EMS segment provides engineered material solutions, including polyurethane and silicone materials used in cushioning, gasketing, sealing, and vibration management applications; customized silicones used in flex heater and semiconductor thermal applications; and polytetrafluoroethylene and ultra-high molecular weight polyethylene materials used in wire and cable protection, electrical insulation, conduction and shielding, hose and belt protection, vibration management, cushioning, gasketing and sealing, and venting applications. This segment sells its products under the PORON, BISCO, DeWAL, ARLON, eSorba, XRD, Silicone Engineering, and R/bak trade names. The Other segment offers elastomer components under the ENDUR trade name for applications in the general industrial market, as well as elastomer floats under the NITROPHYL trade name for level sensing in fuel tanks, motors, and storage tanks applications in the general industrial and automotive markets. The company was founded in 1832 and is headquartered in Chandler, Arizona.
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 | $811M | $10M | $-62M | $71M | -5.2% | -2.3% | -336.8% |
| 2024 | $830M | $85M | $26M | $71M | 2.1% | -8.6% | -53.9% |
| 2023 | $908M | $138M | $57M | $74M | 4.5% | -6.5% | -51.5% |
| 2022 | $971M | $196M | $117M | $13M | 9.9% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 971.20 | 908.40 | 830.10 | 810.80 |
| Operating Revenue | - | 971.20 | 908.40 | 830.10 | 810.80 |
| Cost Of Revenue | - | 650.20 | 601.30 | 553 | 554 |
| Gross Profit | - | 321 | 307.10 | 277.10 | 256.80 |
| Operating Expense | - | 254 | 238 | 228 | 204.70 |
| Research And Development | - | 35.20 | 35.70 | 34.60 | 28.10 |
| Selling General And Administration | - | 218.80 | 202.30 | 193.40 | 176.60 |
| Total Expenses | - | 904.20 | 839.30 | 781 | 758.70 |
| Operating Income | - | 67 | 69.10 | 49.10 | 52.10 |
| Total Operating Income As Reported | - | 144.40 | 85.30 | 24.90 | -45 |
| EBITDA | - | 195.80 | 137.80 | 85.30 | 10.40 |
| Normalized EBITDA | - | 259.50 | 122.30 | 100.50 | 108.10 |
| EBIT | - | 149.90 | 86.70 | 35.90 | -43.90 |
| Interest Income | - | 0.70 | 1.20 | 1.40 | 2.90 |
| Interest Expense | - | 9.50 | 10.40 | 1.60 | 1.20 |
| Net Interest Income | - | -9.50 | -10.10 | -0.80 | 0.80 |
| Other Non Operating Income Expenses | - | 143.20 | -0.70 | 8.80 | -0.30 |
| Other Income Expense | - | 83.90 | 17.30 | -13.80 | -98 |
| Interest Income Non Operating | - | 0.70 | 1.20 | 1.40 | 2.90 |
| Interest Expense Non Operating | - | 9.50 | 10.40 | 1.60 | 1.20 |
| Net Non Operating Interest Income Expense | - | -9.50 | -10.10 | -0.80 | 0.80 |
| Pretax Income | - | 140.40 | 76.30 | 34.30 | -45.10 |
| Tax Provision | - | 23.80 | 19.70 | 8.20 | 16.70 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -10.77 | 4 | -3.63 | -20.52 |
| Net Income Continuous Operations | - | 116.60 | 56.60 | 26.10 | -61.80 |
| Net Income From Continuing And Discontinued Operation | - | 116.60 | 56.60 | 26.10 | -61.80 |
| Net Income From Continuing Operation Net Minority Interest | - | 116.60 | 56.60 | 26.10 | -61.80 |
| Net Income | - | 116.60 | 56.60 | 26.10 | -61.80 |
| Net Income Common Stockholders | - | 116.60 | 56.60 | 26.10 | -61.80 |
| Net Income Including Noncontrolling Interests | - | 116.60 | 56.60 | 26.10 | -61.80 |
| Normalized Income | - | 169.53 | 45.10 | 37.67 | 15.38 |
| Diluted NI Availto Com Stockholders | - | 116.60 | 56.60 | 26.10 | -61.80 |
| Basic Average Shares | - | 18.78 | 18.60 | 18.60 | 18.20 |
| Diluted Average Shares | - | 18.95 | 18.70 | 18.60 | 18.20 |
| Reconciled Depreciation | - | 45.90 | 51.10 | 49.40 | 54.30 |
| Reconciled Cost Of Revenue | - | 650.20 | 601.30 | 553 | 554 |
| Total Unusual Items | - | -63.70 | 15.50 | -15.20 | -97.70 |
| Total Unusual Items Excluding Goodwill | - | -63.70 | 15.50 | -15.20 | -97.70 |
| Special Income Charges | - | -63.70 | 16.20 | -16.30 | -97.10 |
| Other Special Charges | 6.20 | -2.40 | -30.50 | - | - |
| Write Off | 0 | 17.90 | 0 | 0 | - |
| Impairment Of Capital Assets | - | 47.20 | 0 | 7.90 | 73.70 |
| Restructuring And Mergern Acquisition | - | 1.50 | 16.90 | 8.50 | 23.40 |
| Gain On Sale Of Security | - | - | -0.70 | 1.10 | -0.60 |
| Depreciation Amortization Depletion Income Statement | 0 | - | - | - | - |
| Depreciation And Amortization In Income Statement | 0 | - | - | - | - |
| General And Administrative Expense | - | 220.20 | 203.20 | 193.40 | - |
| Other Gand A | - | 220.20 | 203.20 | 193.40 | - |
| Gain On Sale Of Ppe | - | 0.50 | 2.60 | 0.10 | 0 |
| Total Other Finance Cost | - | 0.70 | 0.90 | 0.60 | 0.90 |
| Other Operating Expenses | 5.33 | - | - | - | - |
| Earnings From Equity Interest | - | 4.40 | 1.80 | 1.40 | 0 |
| Depreciation Income Statement | 0 | - | - | - | - |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Rogers Corporationthis co. | ROG | $2.6B | -42.10 | 2.18 | -5.2% | 233.34 |
| Diebold Nixdorf, Incorporated | DBD | $2.8B | 30.12 | 2.59 | 8.6% | 10.11 |
| Q2 Holdings, Inc. | QTWO | $2.8B | 53.98 | 4.24 | 7.9% | 24.54 |
| Cohu, Inc. | COHU | $2.6B | -35.49 | 3.36 | -9.5% | -283.09 |
| Digi International Inc. | DGII | $2.6B | 63.99 |
| - |
| - |
| - |
| - |
| - |
| 4.10 |
| 6.4% |
| 30.51 |
| Ichor Holdings, Ltd. | ICHR | $2.5B | - | 3.73 | -8.0% | - |
| Calix, Inc. | CALX | $2.4B | 136.74 | 2.85 | 2.1% | 59.89 |
| CSG Systems International, Inc. | CSGS | $2.3B | 41.17 | 8.11 | 19.7% | 13.98 |
| Alarm.com Holdings, Inc. | ALRM | $2.2B | 16.79 | 2.62 | 15.6% | 10.13 |
| Peer Median | - | 41.17 | 3.54 | 7.1% | 13.98 | |