CPS Technologies (CPSH)


Market Price (11/11/2026): $4.38 | Market Cap: $85.1 MilSector: Information Technology | Industry: Electronic Components

CPS Technologies (CPSH)


Market Price (11/11/2026): $4.38
Market Cap: $85.1 Mil
Sector: Information Technology
Industry: Electronic Components

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -11%

Megatrend and thematic drivers
Megatrends include Electric Vehicles & Autonomous Driving, Advanced Materials, and Artificial Intelligence. Themes include EV Manufacturing, Show more.

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -0.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.6%

Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 822x

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -8.7%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -12%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.2%

High stock price volatility
Vol 12M is 132%

Key risks
CPSH key risks include [1] a high concentration of revenue from a few key customers and [2] significant cash burn creating a short funding runway.

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -11%
1 Megatrend and thematic drivers
Megatrends include Electric Vehicles & Autonomous Driving, Advanced Materials, and Artificial Intelligence. Themes include EV Manufacturing, Show more.
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -0.5 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.6%
3 Expensive valuation multiples
P/EPrice/Earnings or Price/(Net Income) is 822x
4 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -8.7%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -12%
5 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.2%
6 High stock price volatility
Vol 12M is 132%
7 Key risks
CPSH key risks include [1] a high concentration of revenue from a few key customers and [2] significant cash burn creating a short funding runway.

CPSH in ETFs

Weight = CPSH's share of each fund

VTI0.00%
NASA0.67%
DFAS0.00%
DFAC0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Prices as of 11/10/2026

Nov 9: up 14.4% the day after its Nov 6 earnings report (S&P 500 up 2.4%)
The stock rose following the Q2 2026 earnings report, despite net income falling 64% and diluted EPS falling 100%. This occurred during a broad-based market relief rally.

Up 27.4% from its Jul 29 low to Aug 7 (S&P 500 up 6.0%)
The run was driven by company news regarding its Q2 2026 earnings and market reports of renewed AI enthusiasm. The company scheduled its earnings call on July 31 and announced Q2 results on August 4, despite net income falling 64% and EPS 100%.

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Prices as of 11/10/2026

Nov 9: up 14.4% the day after its Nov 6 earnings report (S&P 500 up 2.4%)
The stock rose following the Q2 2026 earnings report, despite net income falling 64% and diluted EPS falling 100%. This occurred during a broad-based market relief rally.

Up 27.4% from its Jul 29 low to Aug 7 (S&P 500 up 6.0%)
The run was driven by company news regarding its Q2 2026 earnings and market reports of renewed AI enthusiasm. The company scheduled its earnings call on July 31 and announced Q2 results on August 4, despite net income falling 64% and EPS 100%.

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Stock Movement Drivers

Fundamental Drivers

The 11.2% change in CPSH stock from 7/31/2026 to 11/10/2026 was primarily driven by a 237.2% change in the company's Net Income Margin (%).
(LTM values as of)731202611102026Change
Stock Price ($)3.924.3611.2%
Change Contribution By: 
Total Revenues ($ Mil)32321.0%
Net Income Margin (%)0.1%0.3%237.2%
P/E Multiple2,335.0822.4-64.8%
Shares Outstanding (Mil)1819-7.3%
Cumulative Contribution11.2%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/10/2026
ReturnCorrelation
CPSH11.2% 
Market (SPY)0.4%60.8%
Sector (XLK)-3.7%53.2%

Fundamental Drivers

The -11.6% change in CPSH stock from 4/30/2026 to 11/10/2026 was primarily driven by a -75.4% change in the company's Net Income Margin (%).
(LTM values as of)430202611102026Change
Stock Price ($)4.934.36-11.6%
Change Contribution By: 
Total Revenues ($ Mil)3332-0.5%
Net Income Margin (%)1.3%0.3%-75.4%
P/E Multiple206.0822.4299.2%
Shares Outstanding (Mil)1819-9.5%
Cumulative Contribution-11.6%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/10/2026
ReturnCorrelation
CPSH-11.6% 
Market (SPY)4.6%28.8%
Sector (XLK)6.0%32.1%

Fundamental Drivers

The 9.8% change in CPSH stock from 10/31/2025 to 11/10/2026 was primarily driven by a 37.1% change in the company's P/S Multiple.
(LTM values as of)1031202511102026Change
Stock Price ($)3.974.369.8%
Change Contribution By: 
Total Revenues ($ Mil)30327.0%
P/S Multiple1.92.637.1%
Shares Outstanding (Mil)1519-25.2%
Cumulative Contribution9.8%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/10/2026
ReturnCorrelation
CPSH9.8% 
Market (SPY)10.9%32.4%
Sector (XLK)12.8%36.0%

Fundamental Drivers

The 63.9% change in CPSH stock from 10/31/2023 to 11/10/2026 was primarily driven by a 4841.4% change in the company's P/E Multiple.
(LTM values as of)1031202311102026Change
Stock Price ($)2.664.3663.9%
Change Contribution By: 
Total Revenues ($ Mil)273218.5%
Net Income Margin (%)8.5%0.3%-96.3%
P/E Multiple16.6822.44841.4%
Shares Outstanding (Mil)1419-25.3%
Cumulative Contribution63.9%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2023 to 11/10/2026
ReturnCorrelation
CPSH63.9% 
Market (SPY)85.5%13.9%
Sector (XLK)109.6%19.9%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
CPSH Return36%-29%-13%-31%92%41%57%
Peers Return14%-19%14%20%41%24%121%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
CPSH Win Rate42%42%50%33%50%36% 
Peers Win Rate58%40%48%56%60%59% 
S&P 500 Win Rate75%42%67%75%67%36% 

Max Drawdowns [4]
CPSH Max Drawdown-88%-53%-30%-48%-35%-70% 
Peers Max Drawdown-19%-36%-26%-22%-26%-42% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: MTRN, GLW, MMM, KMT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/10/2026 (YTD)

How Low Can It Go

EventCPSHS&P 500
2025 US Tariff Shock
  % Loss-15.1%-18.8%
  % Gain to Breakeven17.8%23.1%
  Time to Breakeven21 days79 days
2024 Yen Carry Trade Unwind
  % Loss-14.5%-7.8%
  % Gain to Breakeven16.9%8.5%
  Time to Breakeven125 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-19.6%-9.5%
  % Gain to Breakeven24.4%10.5%
  Time to Breakeven542 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-33.0%-24.5%
  % Gain to Breakeven49.2%32.4%
  Time to Breakeven2 days427 days
2020 COVID-19 Crash
  % Loss-40.4%-33.7%
  % Gain to Breakeven67.7%50.9%
  Time to Breakeven66 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-29.8%-19.2%
  % Gain to Breakeven42.4%23.8%
  Time to Breakeven13 days105 days

Compare to MTRN, GLW, MMM, KMT

In The Past

CPS Technologies's stock fell -15.1% during the 2025 US Tariff Shock. Such a loss loss requires a 17.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventCPSHS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-33.0%-24.5%
  % Gain to Breakeven49.2%32.4%
  Time to Breakeven2 days427 days
2020 COVID-19 Crash
  % Loss-40.4%-33.7%
  % Gain to Breakeven67.7%50.9%
  Time to Breakeven66 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-29.8%-19.2%
  % Gain to Breakeven42.4%23.8%
  Time to Breakeven13 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-27.5%-3.7%
  % Gain to Breakeven38.0%3.9%
  Time to Breakeven7 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-37.9%-12.2%
  % Gain to Breakeven61.1%13.9%
  Time to Breakeven1590 days62 days
2014-2016 Oil Price Collapse
  % Loss-23.4%-6.8%
  % Gain to Breakeven30.5%7.3%
  Time to Breakeven48 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-24.2%-17.9%
  % Gain to Breakeven31.9%21.8%
  Time to Breakeven154 days123 days
2008-2009 Global Financial Crisis
  % Loss-72.2%-53.4%
  % Gain to Breakeven260.0%114.4%
  Time to Breakeven1159 days1085 days
Summer 2007 Credit Crunch
  % Loss-36.8%-8.6%
  % Gain to Breakeven58.3%9.5%
  Time to Breakeven4866 days47 days

Compare to MTRN, GLW, MMM, KMT

In The Past

CPS Technologies's stock fell -15.1% during the 2025 US Tariff Shock. Such a loss loss requires a 17.8% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About CPS Technologies (CPSH)

CPS Technologies Corporation (CPSH) specializes in manufacturing and selling advanced material solutions, primarily focusing on metal matrix composites. These unique materials combine the properties of both metal and ceramic, making them suitable for high-performance applications where traditional materials fall short.

The company's key products include baseplates used in motor controllers for electric trains, subway cars, wind turbines, and hybrid/electric vehicles. They also produce hermetic packages for demanding radar, satellite, and avionics systems, as well as baseplates and housings for modules utilizing advanced wide band gap semiconductors. Additionally, CPSH supplies lids and heatspreaders crucial for integrated circuits in internet switches and routers, and offers assembly services for hybrid circuit housings and packages.

CPS Technologies primarily serves microelectronics systems companies across a wide range of industries. Its products are essential components in markets such as transportation, automotive, energy, computing/internet, telecommunication, aerospace, defense, and oil and gas. The company has a global customer base, selling its solutions in the United States, Europe, and Asia.

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Here are a couple of analogies for CPS Technologies:

  • Like Corning (GLW), but instead of specialized glass and ceramics, they make high-performance metal-ceramic composites and packaging for advanced microelectronics.
  • A specialized 3M (MMM) for the high-tech industry, providing critical advanced materials and components that enable cutting-edge electronic systems in everything from EVs to aerospace.

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  • Metal Matrix Composite (MMC) Baseplates: These are metal-ceramic components used in motor controllers for electric/hybrid vehicles, trains, and wind turbines, and in wide band gap semiconductor modules.
  • Metal Matrix Composite (MMC) Hermetic Packages: These are specialized metal-ceramic enclosures for sensitive electronics in radar, satellite, and avionics systems.
  • Metal Matrix Composite (MMC) Lids and Heatspreaders: These metal-ceramic components are used with integrated circuits in internet switches and routers for thermal management.
  • Assembled Housings and Packages for Hybrid Circuits: These are assembled enclosures and packages specifically for hybrid electronic circuits.
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AI Analysis | Feedback

CPS Technologies Corporation (symbol: CPSH) sells its products primarily to other businesses, specifically microelectronics systems companies located in the United States, Europe, and Asia.

Based on the company's public financial filings, including its annual reports (10-K), CPS Technologies does not disclose the names of its specific major customers. This is because, while the company has customer concentration (its top five customers collectively accounted for approximately 64% to 70% of total sales in recent fiscal years), no single customer has accounted for 10% or more of its total sales during those periods. Companies are generally required to disclose the names of customers only if they represent a significant portion (typically 10% or more) of their total revenue.

Therefore, while the primary customer base consists of other companies, their specific names are not publicly available.

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Brian Mackey, President & Chief Executive Officer

Brian Mackey was appointed President and CEO of CPS Technologies Corporation in August 2023, bringing over 20 years of executive leadership experience. Before joining CPS, he served as the CEO of Engi-Mat Co., where he led the development and production of metal oxide and ceramic nanomaterials, secured a significant contract for a U.S. Navy Program of Record, and obtained substantial research funding from the Department of Defense and Department of Energy. Prior to Engi-Mat, he was the General Manager of the Synchrony Business Unit of Dresser-Rand/Siemens and the Chief Operating Officer of Synchrony, Inc. before its acquisition by Dresser-Rand in 2012. Mr. Mackey also served as an officer in the U.S. Army Corps of Engineers. He holds a B.S. in Engineering from the U.S. Military Academy and an MBA from the Wharton School of the University of Pennsylvania.

Charles K. Griffith, Jr., CFO & Secretary

Charles K. Griffith, Jr. joined CPS Technologies in April 2019 and assumed the role of Chief Financial Officer in May 2019. He also served as Acting President from April to August 2023 during the CEO transition period. Mr. Griffith previously held the position of Chief Financial Officer at SPRI Clinical Trials Global, LLC from May 2007 to December 2018. Prior to that, he was the Vice President-Finance at Vertex Distribution (formerly known as Pawtucket Fasteners and Bell Fasteners), a Rhode Island-based, private-equity owned manufacturer and distributor of corrosion-resistant fasteners, where he worked for 27 years. He earned an accounting degree from The College of William & Mary and an MBA from Bryant University. Mr. Griffith is scheduled to retire from his positions with the company in mid-2026.

Daniel Barton, Vice President of Operations

Daniel Barton possesses over 30 years of leadership experience in Operations and General Management.

Stephen Kachur, Ph.D., Vice President of Technology

Dr. Stephen Kachur is responsible for managing new product development of next-generation composite materials at CPS Technologies Corporation. Before joining the company, he managed several programs focused on the development of ceramic matrix composites and additive manufacturing for aerospace and defense applications, with a particular emphasis on hypersonic structures. Dr. Kachur holds a B.S. in Materials Science & Engineering from Lehigh University, and both a Ph.D. and M.S. in Materials Science & Engineering from Carnegie Mellon University.

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Key Risks to the Business:

  1. Technological Obsolescence and Disruption: CPS Technologies' core business revolves around producing and selling advanced material solutions, specifically metal matrix composites. The risk exists that new materials, manufacturing processes, or design paradigms could emerge in the industries they serve (e.g., transportation, aerospace, computing, energy). Such innovations might offer superior performance, lower costs, or different functionality, potentially rendering CPSH's specialized metal matrix composites less competitive or obsolete for critical applications like baseplates, hermetic packages, or heatspreaders. This could significantly impact demand for their proprietary material solutions.
  2. Reliance on Capital Expenditure Cycles of Key Industries: CPS Technologies primarily sells its advanced material components to microelectronics systems companies whose end products include electric trains, subway cars, wind turbines, hybrid and electric vehicles, radar systems, satellites, and internet switches and routers. These industries often involve significant capital expenditures and are susceptible to economic downturns, government spending fluctuations (e.g., defense budgets), changes in energy policy, or shifts in consumer/industrial investment. A significant slowdown or reduction in capital investment across several of these key sectors could lead to decreased demand for CPSH's components, impacting their sales and profitability.

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CPS Technologies Corporation (CPSH) operates in several advanced materials markets. The addressable market sizes for its main products and services are as follows:

  • Metal Matrix Composites (MMCs): CPS Technologies produces metal matrix composites, including baseplates for motor controllers used in electric trains, subway cars, wind turbines, and hybrid and electric vehicles. The global metal matrix composite market was valued at approximately USD 460.9 million in 2024 and is projected to reach USD 811.5 million by 2033, growing at a Compound Annual Growth Rate (CAGR) of 6.5% from 2025 to 2033. Another estimate places the global market size at USD 525.9 million in 2024, expected to reach USD 1124.9 million by 2034, with a CAGR of 7.9% from 2025 to 2034. The ground transportation segment, which includes automotive and rail industries, held a significant share of the MMC market. The electronics/thermal management segment is also a key end-use for MMCs and is expected to grow at the fastest CAGR of 6.9% over the forecast period.
  • Hermetic Packages: The company provides hermetic packages for radar, satellite, and avionics applications. The global hermetic packaging market was valued at approximately USD 4.15 billion in 2025 and is estimated to grow to USD 6.14 billion by 2031, at a CAGR of 6.74% during the forecast period (2026-2031). Other reports indicate the market was valued at USD 5.0 billion in 2024, projected to grow to USD 9.67 billion by 2033, at a CAGR of 7.6% from 2026 to 2033. The aerospace and defense sector is a major end-user for hermetic packaging, holding a substantial market share (e.g., over 32.3% in 2025, 34.7% in 2025, or approximately 41% in 2023), and is expected to see the fastest growth due to demand for fault-tolerant electronics in aerospace updates and satellite deployments. The hermetic packaging market size for satellite electronics alone approached USD 810 million in 2025.
  • Baseplates and Housings for Wide Band Gap (WBG) Semiconductors: CPS Technologies manufactures baseplates and housings used in modules built with wide band gap semiconductors. The global wide band gap (WBG) semiconductors market was valued at approximately USD 2.44 billion in 2025 and is predicted to increase to USD 8.42 billion by 2034, expanding at a CAGR of 14.74% from 2025 to 2034. Another source estimated the market at USD 2.38 billion in 2025, projected to grow to USD 7.70 billion by 2034, exhibiting a CAGR of 13.88%. The automotive segment held the largest market share in 2024, at 36%, driven by the increasing adoption of SiC and GaN semiconductors in electric vehicles and 5G infrastructure.
  • Lids and Heatspreaders for Integrated Circuits (Internet Switches and Routers): The company provides lids and heatspreaders for integrated circuits used in internet switches and routers. The global IC package heat spreader market is estimated to be in the range of USD 2.5 billion to USD 3.0 billion in the current year, with a projected CAGR of 7-9% over the next five to seven years. Separately, the global Integrated Heat Spreader (IHS) market size was estimated at USD 2.38 billion in 2025 and is expected to reach USD 4.85 billion by 2032, at a CAGR of 10.70%. The global router and switch market, where these components are utilized, was valued at USD 56.74 billion in 2024 and is projected to reach USD 102.58 billion by 2033, exhibiting a CAGR of 6.40% from 2025 to 2033.
  • Assembly of Housings and Packages for Hybrid Circuits: CPS Technologies also assembles housings and packages for hybrid circuits. The global Flexible Hybrid Electronics (FHE) market, which includes hybrid integration, was valued at USD 1.80 billion in 2025 and is expected to reach USD 7.60 billion by 2035, growing at a CAGR of 15.48% over 2026-2035. Hybrid integration (printed + silicon ICs) accounted for approximately 49% of the FHE devices in 2025. Additionally, the broader electronic packaging market is estimated to reach over USD 6,995.73 million by 2032 from USD 2,021.59 million in 2024, growing at a CAGR of 18.8% from 2025 to 2032.

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For CPS Technologies (CPSH), the following are expected drivers of future revenue growth over the next 2-3 years:

  1. Expanded Manufacturing Capacity and Operational Efficiencies: The company's planned relocation to a larger and more efficient manufacturing facility is a key driver. This move is anticipated to address existing space constraints, increase overall production capacity, improve throughput, and lead to greater operational efficiencies, which are expected to support higher demand and enhance gross margins over time.
  2. Sustained Strong Demand for Power Module Components: CPS Technologies anticipates continued robust demand for its core aluminum silicon carbide power module components. These are critical in high-growth sectors such as electrified transportation (including high-speed rail and electric vehicles) and grid infrastructure (like wind turbines and data centers), driving consistent revenue growth.
  3. Introduction and Commercialization of New Advanced Materials and Products: Future revenue growth is also expected from the launch and commercialization of new product lines. This includes Fiber-Reinforced Aluminum (FRA) Composites, which have applications in military vehicles, aerospace, motor sports, heavy trucks, and oilfield drilling, as well as the commercialization of radiation shielding solutions.
  4. Resumption and Growth in Defense Sector Contracts: The company foresees growth from renewed engagements in the defense sector. This includes the potential resumption of orders for HybridTech Armor supporting the U.S. Navy in the latter half of the current calendar year, along with ongoing federal research and development contracts (SBIR/STTR) for various defense applications, such as thermal energy storage and controlled fragmentation warheads.

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Share Issuance

  • CPS Technologies Corporation completed an underwritten public offering of 3,450,000 shares of common stock on October 8, 2025, including the full exercise of a 450,000-share overallotment option.
  • This offering was priced at $3.00 per share, resulting in net proceeds of approximately $9.5 million for the company after accounting for underwriting discounts, commissions, and estimated expenses.
  • The net proceeds from this offering are designated for general corporate purposes, including working capital, capital expenditures, and expanding production capacity, potentially through a local relocation to a larger facility.

Inbound Investments

  • In October 2025, CPS Technologies raised approximately $9.5 million through an equity offering. This influx of capital from public investors and underwriters served as a significant inbound investment, strengthening the company's liquidity.

Capital Expenditures

  • The proceeds from the October 2025 equity offering are intended, in part, to fund future capital expenditures aimed at expanding production capacity and potentially facilitating a move to a larger facility.
  • As of the 2025 earnings reports, the company is planning a strategic facility relocation to address space constraints and support anticipated growth.

Better Bets vs. CPS Technologies (CPSH)

Peer Outperformance in Electronic Components

CPSH has trailed 61% of its 23 Electronic Components peers over 5Y. Among the peers that beat it are BELFA and GLW. Electronic Components ranks 5th of 12 industries in Information Technology by median 5Y return.
Share of Electronic Components constituents that CPSH has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
58%
of 26 industry peers · 27.1% return
3Y
54%
of 26 industry peers · 83.2% return
5Y
39%
of 23 industry peers · -10.5% return
Electronic Components peers with revenue growth within 4pp of CPSH's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
CPSH CPS Technologies 8.9% 822.4x 27.1%83.2%-10.5% —
BELFA Bel Fuse 7.7% 44.2x 24.2%248.2%1078.5% +1,089pp
GLW Corning 11.4% 45.0x 27.7%331.3%233.4% +244pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Information Technology sector, ranked by 5Y. Electronic Components is CPSH's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Electronic Manufacturing Services 10 8.7%105.3%182.1% FLEX 481% · TTMI 407% · JBL 298%
Technology Distributors 9 52.0%61.1%61.1% AVT 145% · SNX 122% · CNXN 79%
Semiconductor Materials & Equipment 28 37.5%48.1%42.4% AXTI 350% · KLAC 297% · LRCX 286%
Communications Equipment 36 6.5%99.5%38.9% AAOI 740% · LITE 541% · ANET 467%
Electronic Components ← 24 18.4%82.4%33.7% CLS 1885% · BELFA 1079% · APH 306%
Electronic Equipment & Instruments 27 -4.5%31.5%0.9% PI 135% · OSIS 106% · MIR 64%
Semiconductors 55 11.2%41.5%-4.2% MU 912% · AVGO 561% · NVDA 476%
Technology Hardware, Storage & Peripherals 21 9.7%81.0%-11.6% WDC 603% · DELL 551% · SMCI 534%
IT Consulting & Other Services 30 -14.4%0.2%-23.1% APLD 307% · IBM 145% · GIB -5%
Internet Services & Infrastructure 6 -8.9%41.0%-25.0% GDDY 59% · VRSN 37% · AKAM -24%
Application Software 126 -12.6%-11.4%-54.8% PLTR 650% · FROG 178% · AGYS 151%
Systems Software 71 -9.6%12.4%-59.8% ZETA 254% · CRWD 221% · CVLT 151%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

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Peer Comparisons

Peers to compare with:

Financials

CPSHMTRNGLWMMMKMTMedian
NameCPS Tech.Materion Corning 3M Kennamet. 
Mkt Price4.38204.82118.75189.1424.04118.75
Mkt Cap0.14.3102.598.11.84.3
Rev LTM322,22117,71925,2472,6272,627
Op Inc LTM-11472,9205,076827827
FCF LTM-4832,4612,677-28783
FCF 3Y Avg-3501,5541,668150
CFO LTM-31624,1923,629-223162
CFO 3Y Avg-21312,8292,71985131

Growth & Margins

CPSHMTRNGLWMMMKMTMedian
NameCPS Tech.Materion Corning 3M Kennamet. 
Rev Chg LTM7.0%28.1%18.8%1.7%32.5%18.8%
Rev Chg 3Y Avg8.9%10.5%11.4%7.3%9.3%9.3%
Rev Chg Q1.1%27.5%18.4%1.0%54.3%18.4%
QoQ Delta Rev Chg LTM0.3%5.8%4.5%0.3%11.5%4.5%
Op Inc Chg LTM32.7%0.9%46.0%-0.1%420.2%32.7%
Op Inc Chg 3Y Avg-50.1%1.1%60.4%48.8%133.4%48.8%
Op Mgn LTM-1.6%6.6%16.5%20.1%31.5%16.5%
Op Mgn 3Y Avg-5.8%7.3%12.1%19.8%16.0%12.1%
QoQ Delta Op Mgn LTM0.3%0.3%1.2%-0.3%11.0%0.3%
CFO/Rev LTM-8.7%7.3%23.7%14.4%-8.5%7.3%
CFO/Rev 3Y Avg-6.8%6.9%18.3%10.9%5.1%6.9%
FCF/Rev LTM-12.2%3.8%13.9%10.6%-10.9%3.8%
FCF/Rev 3Y Avg-10.2%2.5%10.0%6.7%1.1%2.5%

Valuation

CPSHMTRNGLWMMMKMTMedian
NameCPS Tech.Materion Corning 3M Kennamet. 
Mkt Cap0.14.3102.598.11.84.3
P/S2.61.95.83.90.72.6
P/Op Inc-162.929.135.119.32.219.3
P/EBIT-162.931.332.118.62.218.6
P/E826.241.447.727.83.141.4
P/CFO-30.026.324.427.0-8.324.4
Total Yield0.1%2.7%3.3%5.2%35.4%3.3%
Dividend Yield0.0%0.3%1.0%1.6%3.3%1.0%
FCF Yield 3Y Avg-7.6%1.4%2.1%2.0%1.1%1.4%
D/E0.10.10.10.20.60.1
Net D/E-0.10.10.10.10.50.1

Returns

CPSHMTRNGLWMMMKMTMedian
NameCPS Tech.Materion Corning 3M Kennamet. 
1M Rtn23.7%-27.0%-24.2%18.2%-24.0%-24.0%
3M Rtn-0.9%-27.0%-25.3%3.7%-19.8%-19.8%
6M Rtn2.6%0.7%-39.9%33.3%-31.9%0.7%
12M Rtn27.7%73.9%35.3%14.9%-8.9%27.7%
3Y Rtn84.0%95.6%356.8%164.4%15.5%95.6%
1M Excs Rtn28.5%-20.8%-15.9%20.9%-20.1%-15.9%
3M Excs Rtn0.6%-25.0%-26.2%5.9%-18.7%-18.7%
6M Excs Rtn0.6%-1.3%-42.0%31.3%-33.9%-1.3%
12M Excs Rtn19.7%64.6%27.2%4.7%-17.6%19.7%
3Y Excs Rtn1.3%12.0%275.2%88.3%-62.6%12.0%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil2025202420232022
Product sales33212827
Total33212827


Price Behavior

Price Behavior
Market Price$4.36 
Market Cap ($ Bil)0.1 
First Trading Date05/09/1997 
Distance from 52W High-62.4% 
   50 Days200 Days
DMA Price$3.75$4.68
DMA Trenddownindeterminate
Distance from DMA16.3%-6.9%
 3M1YR
Volatility56.3%132.0%
Downside Capture203.72333.08
Upside Capture222.99325.35
Correlation (S&P 500)59.6%33.5%
CPSH Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta0.861.531.763.503.140.73
Up Beta-3.951.712.793.752.730.27
Down Beta1.931.822.073.803.760.91
Up Capture34%122%117%314%571%67%
Bmk +ve Days12182862130427
Stock +ve Days11223561122340
Down Capture90%161%166%241%175%99%
Bmk -ve Days10253664121325
Stock -ve Days9182661120369

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CPSH
CPSH31.5%132.0%0.73-
Sector ETF (XLK)17.8%28.5%0.5636.2%
Equity (SPY)12.7%13.7%0.6232.5%
Gold (GLD)0.3%28.9%0.0021.8%
Commodities (DBC)34.5%21.3%1.28-4.7%
Real Estate (VNQ)11.7%14.2%0.537.7%
Bitcoin (BTCUSD)-27.7%43.5%-0.6322.8%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CPSH
CPSH-1.8%83.8%0.31-
Sector ETF (XLK)16.6%26.5%0.5724.8%
Equity (SPY)11.6%17.3%0.5022.4%
Gold (GLD)17.2%19.1%0.7211.6%
Commodities (DBC)7.4%19.6%0.26-2.1%
Real Estate (VNQ)1.4%18.9%-0.0410.0%
Bitcoin (BTCUSD)3.4%51.5%0.2517.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with CPSH
CPSH11.6%103.4%0.50-
Sector ETF (XLK)22.9%25.3%0.8316.4%
Equity (SPY)15.2%18.0%0.7115.9%
Gold (GLD)11.7%16.6%0.586.5%
Commodities (DBC)7.5%18.1%0.335.1%
Real Estate (VNQ)5.9%20.7%0.248.6%
Bitcoin (BTCUSD)59.5%66.3%0.999.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date10302026
Short Interest: Shares Quantity1.5 Mil
Short Interest: % Change Since 1015202613.1%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest6.4 days
Basic Shares Quantity19.4 Mil
Short % of Basic Shares7.5%

Earnings Returns History

Updated 11/11/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/6/202614.4%  
8/6/20262.5%-1.8%-12.2%
5/6/20263.6%32.6%85.6%
3/4/2026-5.5%-4.5%-4.5%
10/31/2025-7.9%-23.9%-24.4%
8/1/20250.0%-4.5%19.0%
5/1/2025-4.8%8.3%67.9%
3/14/20250.0%17.1%-2.6%
...
SUMMARY STATS   
# Positive1295
# Negative121418
Median Positive2.2%9.6%67.9%
Median Negative-3.9%-7.4%-10.1%
Max Positive15.1%37.0%95.4%
Max Negative-7.9%-34.1%-42.9%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/6/202614.4%  
8/6/20262.5%-1.8%-12.2%
5/6/20263.6%32.6%85.6%
3/4/2026-5.5%-4.5%-4.5%
10/31/2025-7.9%-23.9%-24.4%
8/1/20250.0%-4.5%19.0%
5/1/2025-4.8%8.3%67.9%
3/14/20250.0%17.1%-2.6%
11/1/2024-3.2%-8.3%-6.4%
8/1/20240.0%-7.5%-12.8%
5/3/20240.6%1.2%-1.7%
3/8/2024-6.8%-11.3%-9.8%
11/3/20232.7%-0.8%-1.8%
8/3/2023-1.7%-1.4%-6.5%
5/8/2023-0.4%7.9%7.9%
3/8/2023-4.7%-7.4%-4.0%
11/3/20224.8%9.6%-2.6%
8/5/20221.1%10.7%-11.3%
5/5/2022-1.5%-21.6%-10.4%
3/7/202215.1%37.0%95.4%
10/29/20211.8%4.2%-24.6%
7/30/2021-1.7%-3.1%-11.0%
4/30/2021-0.3%-13.5%-11.8%
2/26/2021-5.7%-34.1%-42.9%
SUMMARY STATS   
# Positive1295
# Negative121418
Median Positive2.2%9.6%67.9%
Median Negative-3.9%-7.4%-10.1%
Max Positive15.1%37.0%95.4%
Max Negative-7.9%-34.1%-42.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
09/30/202611/10/202610-Q
06/30/202608/11/202610-Q
03/31/202605/05/202610-Q
12/31/202503/03/202610-K
09/30/202510/31/202510-Q
06/30/202508/01/202510-Q
03/31/202505/02/202510-Q
12/31/202403/17/202510-K
09/30/202411/01/202410-Q
06/30/202408/02/202410-Q
03/31/202405/07/202410-Q
12/31/202303/14/202410-K
09/30/202311/03/202310-Q
06/30/202308/04/202310-Q
03/31/202305/09/202310-Q
12/31/202203/16/202310-K
Collapse to Preview
Report DateFiling DateFiling
09/30/202611/10/202610-Q
06/30/202608/11/202610-Q
03/31/202605/05/202610-Q
12/31/202503/03/202610-K
09/30/202510/31/202510-Q
06/30/202508/01/202510-Q
03/31/202505/02/202510-Q
12/31/202403/17/202510-K
09/30/202411/01/202410-Q
06/30/202408/02/202410-Q
03/31/202405/07/202410-Q
12/31/202303/14/202410-K
09/30/202311/03/202310-Q
06/30/202308/04/202310-Q
03/31/202305/09/202310-Q
12/31/202203/16/202310-K
09/30/202211/08/202210-Q
06/30/202208/05/202210-Q
03/31/202205/09/202210-Q
12/31/202103/10/202210-K
09/30/202111/08/202110-Q
06/30/202108/13/202110-Q
03/31/202105/11/202110-Q
12/31/202003/17/202110-K
09/30/202011/10/202010-Q
06/30/202008/10/202010-Q
03/31/202005/12/202010-Q
12/31/201903/13/202010-K

Insider Activity

Updated 11/10/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Cavoli, Ivo James DirectBuy31620263.852,3158,924204,315Form
2Cavoli, Ivo James DirectBuy111320253.421,5005,127173,226Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Cavoli, Ivo James DirectBuy31620263.852,3158,924204,315Form
2Cavoli, Ivo James DirectBuy111320253.421,5005,127173,226Form
Core Cache Last Updated: 11/10/2026