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Strattec Security Corporation designs, develops, manufactures, and markets automotive security, access control, and user interface controls products in North America and internationally. The company offers mechanical and electronically enhanced locks and keys, fobs, passive entry passive start systems, digital key, phone as a key systems, steering column and instrument panel ignition lock housings, latches, power sliding door systems, power tailgate and lift gate systems, power deck lid systems, door handles, steering wheel switches and controller, E-shifters, paddle switches, and related products. It also provides service and aftermarket support services for its products. It markets its products to automotive and light truck original equipment manufacturers, as well as other transportation-related manufacturers; and through wholesale distributors, other marketers, and users of component parts, as well as certain products to non-automotive customers. Strattec Security Corporation was founded in 1908 and is headquartered in Milwaukee, Wisconsin.
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 | $565M | $40M | $19M | $65M | 8.4% | 5.1% | 14.5% |
| 2024 | $538M | $38M | $16M | $2M | 8.1% | 9.1% | -344.6% |
| 2023 | $493M | $11M | $-7M | $-7M | -3.6% | 9.0% | -195.1% |
| 2022 | $452M | $29M | $7M | $-4M | 3.7% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 452.26 | 492.95 | 537.77 | 565.07 |
| Operating Revenue | - | 452.26 | 492.95 | 537.77 | 565.07 |
| Cost Of Revenue | - | 396.25 | 450.79 | 472.30 | 480.49 |
| Gross Profit | - | 56.02 | 42.15 | 65.47 | 84.58 |
| Operating Expense | - | 47.12 | 48.24 | 47.65 | 61.79 |
| Selling General And Administration | - | 47.12 | 48.24 | 47.65 | 61.79 |
| Total Expenses | - | 443.37 | 499.04 | 519.95 | 542.28 |
| Operating Income | - | 8.90 | -6.09 | 17.81 | 22.78 |
| Total Operating Income As Reported | - | 8.90 | -6.09 | 17.81 | 22.78 |
| EBITDA | - | 28.86 | 10.78 | 37.65 | 40.41 |
| Normalized EBITDA | - | 28.18 | 12.49 | 34.40 | 38.90 |
| EBIT | - | 9.48 | -6.71 | 21.10 | 25.64 |
| Interest Income | - | - | - | 0.57 | 2.04 |
| Interest Expense | - | 0.22 | 0.96 | 0.90 | 1.01 |
| Net Interest Income | - | -0.22 | -0.96 | -0.33 | 1.03 |
| Other Non Operating Income Expenses | - | -0.27 | -0.47 | -0.53 | -0.68 |
| Other Income Expense | - | 0.58 | -0.62 | 2.72 | 0.82 |
| Interest Income Non Operating | - | - | - | 0.57 | 2.04 |
| Interest Expense Non Operating | - | 0.22 | 0.96 | 0.90 | 1.01 |
| Net Non Operating Interest Income Expense | - | -0.22 | -0.96 | -0.33 | 1.03 |
| Pretax Income | - | 9.26 | -7.67 | 20.20 | 24.64 |
| Tax Provision | - | 0.42 | 1.28 | 3.78 | 5.72 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.03 | -0.36 | 0.61 | 0.35 |
| Net Income Continuous Operations | - | 8.84 | -8.95 | 16.43 | 18.92 |
| Net Income From Continuing And Discontinued Operation | - | 7.02 | -6.67 | 16.31 | 18.68 |
| Net Income From Continuing Operation Net Minority Interest | - | 7.02 | -6.67 | 16.31 | 18.68 |
| Net Income | - | 7.02 | -6.67 | 16.31 | 18.68 |
| Net Income Common Stockholders | - | 7.02 | -6.67 | 16.31 | 18.68 |
| Net Income Including Noncontrolling Interests | - | 8.84 | -8.95 | 16.43 | 18.92 |
| Normalized Income | - | 6.37 | -5.32 | 13.67 | 17.53 |
| Diluted NI Availto Com Stockholders | - | 7.02 | -6.67 | 16.31 | 18.68 |
| Basic Average Shares | - | 3.86 | 3.92 | 3.98 | 4.03 |
| Diluted Average Shares | - | 3.91 | 3.92 | 4 | 4.08 |
| Reconciled Depreciation | - | 19.38 | 17.48 | 16.55 | 14.76 |
| Reconciled Cost Of Revenue | - | 396.25 | 450.79 | 472.30 | 480.49 |
| Total Unusual Items | - | 0.68 | -1.71 | 3.25 | 1.50 |
| Total Unusual Items Excluding Goodwill | - | 0.68 | -1.71 | 3.25 | 1.50 |
| Minority Interests | - | -1.83 | 2.28 | -0.12 | -0.23 |
| Gain On Sale Of Security | - | 0.68 | -1.71 | 3.25 | 1.50 |
| Earnings From Equity Interest | 2.56 | 0.18 | 1.56 | -0.33 | - |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Strattec Security Corporationthis co. | STRT | $333M | 17.83↑ premium | 1.50 | 8.4% | 6.35 |
| Dine Brands Global, Inc. | DIN | $369M | 21.57 | -1.35 | -6.2% | 12.60 |
| Haverty Furniture Companies, Inc. | HVT | $367M | 18.61 | 1.19 | 6.4% | 10.19 |
| Barnes & Noble Education, Inc. | BNED | $363M | -5.51 | 1.33 | -24.2% | -102.94 |
| Lands' End, Inc. |
| - |
| - |
| - |
| - |
| - |
| - |
| LE |
| $342M |
| 61.98 |
| 1.40 |
| 2.3% |
| 7.63 |
| Weyco Group, Inc. | WEYS | $338M | 14.66 | 1.41 | 9.6% | 7.21 |
| Holley Inc. | HLLY | $315M | 16.45 | 0.70 | 4.3% | 7.38 |
| Kingsway Financial Services Inc. | KFS | $307M | -28.62 | 20.25 | -70.7% | 562.48 |
| Funko, Inc. | FNKO | $295M | -4.39 | 1.59 | -36.3% | 38.08 |
| Peer Median | - | 15.55 | 1.36 | -2.0% | 8.91 | |