CTS (CTS)
Market Price (9/27/2026): $59.6 | Market Cap: $1.7 BilSector: Information Technology | Industry: Electronic Manufacturing Services
CTS (CTS)
Market Price (9/27/2026): $59.6Market Cap: $1.7 BilSector: Information TechnologyIndustry: Electronic Manufacturing Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16% Attractive yieldFCF Yield is 5.4% Low stock price volatilityVol 12M is 35% Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, Automation & Robotics, and Precision Medicine. Themes include EV Manufacturing, Show more. | Weak multi-year price returns2Y Excs Rtn is -11%, 3Y Excs Rtn is -31% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.8% Key risksCTS key risks include [1] vulnerabilities from its significant international manufacturing operations and [2] its reliance on key customers. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16% |
| Attractive yieldFCF Yield is 5.4% |
| Low stock price volatilityVol 12M is 35% |
| Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, Automation & Robotics, and Precision Medicine. Themes include EV Manufacturing, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -11%, 3Y Excs Rtn is -31% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -0.8% |
| Key risksCTS key risks include [1] vulnerabilities from its significant international manufacturing operations and [2] its reliance on key customers. |
Qualitative Assessment
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CTS (CTS) stock has lost about 5% since 5/31/2026 because of the following key factors:
1. Mixed Market Reaction to Strong Q2 Fiscal 2026 Results.
CTS Corporation reported strong financial results for its second fiscal quarter ended June 30, 2026, beating analyst expectations for both earnings per share (EPS) and revenue. Adjusted diluted EPS was $0.74, significantly surpassing the consensus estimate of $0.61, while revenue reached $144.8 million, slightly above estimates. The company also raised its full-year 2026 guidance for both revenue and adjusted EPS. Despite an initial surge of 5.73% in premarket trading following the announcement on July 28, 2026, the stock subsequently declined by 1.65% in the wake of the news, indicating that the market may have already priced in a strong performance or reacted to other underlying concerns.
2. Continued Weakness in the Transportation Market Segment.
While CTS saw robust growth of 15% year-over-year in its diversified end markets during Q2 fiscal 2026, which now constitute 59% of total sales, sales to the transportation market segment experienced a 2% decline. This persistent softness in a key end market, despite the company's strategic shift to reduce reliance on transportation, likely weighed on investor sentiment and contributed to the stock's overall negative trend during the period.
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CTS (CTS) stock has lost about 5% since 5/31/2026 because of the following key factors:
1. Mixed Market Reaction to Strong Q2 Fiscal 2026 Results.
CTS Corporation reported strong financial results for its second fiscal quarter ended June 30, 2026, beating analyst expectations for both earnings per share (EPS) and revenue. Adjusted diluted EPS was $0.74, significantly surpassing the consensus estimate of $0.61, while revenue reached $144.8 million, slightly above estimates. The company also raised its full-year 2026 guidance for both revenue and adjusted EPS. Despite an initial surge of 5.73% in premarket trading following the announcement on July 28, 2026, the stock subsequently declined by 1.65% in the wake of the news, indicating that the market may have already priced in a strong performance or reacted to other underlying concerns.
2. Continued Weakness in the Transportation Market Segment.
While CTS saw robust growth of 15% year-over-year in its diversified end markets during Q2 fiscal 2026, which now constitute 59% of total sales, sales to the transportation market segment experienced a 2% decline. This persistent softness in a key end market, despite the company's strategic shift to reduce reliance on transportation, likely weighed on investor sentiment and contributed to the stock's overall negative trend during the period.
3. Significant Insider Selling by CEO.
A notable factor contributing to negative pressure was the significant insider selling activity. On June 1, 2026, Kieran M O'Sullivan, President & CEO, sold 130,000 shares of CTS stock for a total transaction value of $8,484,805. This substantial selling by a top executive, exceeding the $5 million threshold, could signal a lack of confidence to the market and potentially influence other investors to sell.
4. Broader Industry and Macroeconomic Headwinds.
Despite CTS's outperformance relative to its direct industry peers, the broader "Electronics - Miscellaneous Components" sector faced headwinds, experiencing an average loss of 14.3% year-to-date as of September 24, 2026. General macroeconomic concerns, including inflationary pressures and potential recessionary conditions, along with ongoing geopolitical risks and trade/tariff barriers, were also cited as factors that could affect future operating results for companies within the sector, contributing to a cautious investor sentiment towards CTS during this period.
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Stock Movement Drivers
Fundamental Drivers
The -7.1% change in CTS stock from 5/31/2026 to 9/26/2026 was primarily driven by a -8.3% change in the company's P/E Multiple.| (LTM values as of) | 5312026 | 9262026 | Change |
|---|---|---|---|
| Stock Price ($) | 64.13 | 59.60 | -7.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 555 | 564 | 1.7% |
| Net Income Margin (%) | 12.5% | 12.4% | -0.8% |
| P/E Multiple | 26.6 | 24.4 | -8.3% |
| Shares Outstanding (Mil) | 29 | 29 | 0.4% |
| Cumulative Contribution | -7.1% |
Market Drivers
5/31/2026 to 9/26/2026| Return | Correlation | |
|---|---|---|
| CTS | -7.1% | |
| Market (SPY) | 2.2% | 50.6% |
| Sector (XLK) | 2.9% | 61.9% |
Fundamental Drivers
The 13.4% change in CTS stock from 2/28/2026 to 9/26/2026 was primarily driven by a 4.8% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 9262026 | Change |
|---|---|---|---|
| Stock Price ($) | 52.55 | 59.60 | 13.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 541 | 564 | 4.2% |
| Net Income Margin (%) | 12.1% | 12.4% | 2.5% |
| P/E Multiple | 23.3 | 24.4 | 4.8% |
| Shares Outstanding (Mil) | 29 | 29 | 1.3% |
| Cumulative Contribution | 13.4% |
Market Drivers
2/28/2026 to 9/26/2026| Return | Correlation | |
|---|---|---|
| CTS | 13.4% | |
| Market (SPY) | 13.0% | 55.5% |
| Sector (XLK) | 41.8% | 61.0% |
Fundamental Drivers
The 40.8% change in CTS stock from 8/31/2025 to 9/26/2026 was primarily driven by a 19.4% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 9262026 | Change |
|---|---|---|---|
| Stock Price ($) | 42.32 | 59.60 | 40.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 520 | 564 | 8.5% |
| Net Income Margin (%) | 11.8% | 12.4% | 4.5% |
| P/E Multiple | 20.5 | 24.4 | 19.4% |
| Shares Outstanding (Mil) | 30 | 29 | 4.1% |
| Cumulative Contribution | 40.8% |
Market Drivers
8/31/2025 to 9/26/2026| Return | Correlation | |
|---|---|---|
| CTS | 40.8% | |
| Market (SPY) | 20.9% | 51.5% |
| Sector (XLK) | 50.4% | 52.0% |
Fundamental Drivers
The 35.0% change in CTS stock from 8/31/2023 to 9/26/2026 was primarily driven by a 24.9% change in the company's Net Income Margin (%).| (LTM values as of) | 8312023 | 9262026 | Change |
|---|---|---|---|
| Stock Price ($) | 44.16 | 59.60 | 35.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 585 | 564 | -3.6% |
| Net Income Margin (%) | 9.9% | 12.4% | 24.9% |
| P/E Multiple | 24.0 | 24.4 | 1.8% |
| Shares Outstanding (Mil) | 31 | 29 | 10.2% |
| Cumulative Contribution | 35.0% |
Market Drivers
8/31/2023 to 9/26/2026| Return | Correlation | |
|---|---|---|
| CTS | 35.0% | |
| Market (SPY) | 77.8% | 58.4% |
| Sector (XLK) | 127.9% | 54.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CTS Return | 7% | 8% | 11% | 21% | -18% | 39% | 77% |
| Peers Return | 23% | -17% | 3% | -14% | 15% | 72% | 79% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| CTS Win Rate | 50% | 50% | 58% | 50% | 50% | 67% | |
| Peers Win Rate | 67% | 38% | 52% | 50% | 57% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| CTS Max Drawdown | -23% | -21% | -27% | -19% | -34% | -20% | |
| Peers Max Drawdown | -18% | -32% | -34% | -33% | -42% | -34% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LFUS, VSH, MEI, ST, APH.
[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 9/25/2026 (YTD)
How Low Can It Go
| Event | CTS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -24.2% | -18.8% |
| % Gain to Breakeven | 31.9% | 23.1% |
| Time to Breakeven | 276 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -13.8% | -9.5% |
| % Gain to Breakeven | 16.0% | 10.5% |
| Time to Breakeven | 45 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -14.1% | -6.7% |
| % Gain to Breakeven | 16.5% | 7.1% |
| Time to Breakeven | 28 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -14.9% | -24.5% |
| % Gain to Breakeven | 17.5% | 32.4% |
| Time to Breakeven | 32 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -38.3% | -33.7% |
| % Gain to Breakeven | 61.9% | 50.9% |
| Time to Breakeven | 234 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -28.0% | -19.2% |
| % Gain to Breakeven | 38.9% | 23.8% |
| Time to Breakeven | 263 days | 105 days |
In The Past
CTS's stock fell -24.2% during the 2025 US Tariff Shock. Such a loss loss requires a 31.9% gain to breakeven.
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Asset Allocation
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| Event | CTS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -24.2% | -18.8% |
| % Gain to Breakeven | 31.9% | 23.1% |
| Time to Breakeven | 276 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -38.3% | -33.7% |
| % Gain to Breakeven | 61.9% | 50.9% |
| Time to Breakeven | 234 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -28.0% | -19.2% |
| % Gain to Breakeven | 38.9% | 23.8% |
| Time to Breakeven | 263 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -30.7% | -12.2% |
| % Gain to Breakeven | 44.2% | 13.9% |
| Time to Breakeven | 156 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -24.3% | -6.8% |
| % Gain to Breakeven | 32.1% | 7.3% |
| Time to Breakeven | 83 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -24.9% | -17.9% |
| % Gain to Breakeven | 33.2% | 21.8% |
| Time to Breakeven | 11 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -78.6% | -53.4% |
| % Gain to Breakeven | 367.4% | 114.4% |
| Time to Breakeven | 169 days | 1085 days |
In The Past
CTS's stock fell -24.2% during the 2025 US Tariff Shock. Such a loss loss requires a 31.9% 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 CTS (CTS)
CTS Corporation is a global manufacturer and seller of electronic components, primarily focusing on sensors, actuators, and connectivity solutions. These essential components enable critical functions across a diverse range of industries by providing fundamental building blocks for various systems and devices.
The company's product offerings include sensors and actuators specifically tailored for the automotive sector, used in both passenger and commercial vehicles. CTS also provides connectivity components crucial for telecommunications infrastructure and high-speed applications within the information technology industry. Additionally, it manufactures switches, temperature sensors, and potentiometers that serve a broad array of general markets.
Furthermore, CTS specializes in fabricated piezoelectric materials and substrates. These advanced materials are vital for demanding applications in the medical, industrial, aerospace and defense, and specific information technology markets. The company distributes its products internationally through its sales engineers, independent manufacturers' representatives, and distributors.
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- A specialized TE Connectivity or Amphenol, providing critical sensors, actuators, and connectivity components for various industries like automotive, medical, and telecommunications.
- Like a focused version of Bosch or Continental, manufacturing essential sensors, actuators, and high-speed connectivity components that go into other companies' finished products.
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- Sensors and Actuators: Components designed for use in passenger or commercial vehicles.
- Connectivity Components: Parts utilized for telecommunications infrastructure, information technology, and other high-speed applications.
- Switches: Electronic switching devices supplied to multiple industrial markets.
- Temperature Sensors: Devices used for detecting and measuring temperature, supplied to various markets.
- Potentiometers: Variable resistors provided for numerous market applications.
- Fabricated Piezoelectric Materials and Substrates: Specialized materials primarily used in medical, industrial, aerospace and defense, and information technology markets.
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Kieran O'Sullivan, President, Chief Executive Officer and Chairman of the Board
Mr. O'Sullivan joined CTS in January 2013 as President and Chief Executive Officer and was appointed Chairman of the Board in May 2014. Before joining CTS, he held several executive-level roles with Continental A.G. from 2006 to 2012, where he was Executive Vice President of the Global Infotainment and Connectivity business and also had responsibility for its NAFTA Interior Division. From 2004 to 2006, Mr. O'Sullivan served as Corporate Vice President of Motorola's Automotive business. Since 2015, he has been a member of the Board of Directors of LCI Industries (NYSE: LCII).
Ashish Agrawal, Vice President and Chief Financial Officer
Mr. Agrawal was elected Vice President and Chief Financial Officer of CTS on November 11, 2013. He joined CTS in June 2011 as Vice President, Treasury and Corporate Development. Prior to CTS, Mr. Agrawal served as Senior Vice President and Chief Financial Officer, Americas, for Dometic Group AB, starting in 2007. Before Dometic, he held various positions with General Electric Co. beginning in December 1994.
Pratik Trivedi, Chief Operating Officer
Mr. Trivedi joined CTS on April 29, 2024, as Senior Vice President, Advanced Materials and Solutions, and was appointed Chief Operating Officer effective December 5, 2025. From 2017 until joining CTS, he served as Vice President, North America for the mobility business of Eaton Corporation (NYSE: ETN). Earlier in his career, Mr. Trivedi spent twelve years in various key roles with Cummins, Inc. (NYSE: CMI), including Global Director of the Prime Power Market Segment.
Mark Pacioni, Chief Legal & Administrative Officer and Corporate Secretary
Mr. Pacioni joined CTS in June 2025 and was formally appointed Chief Legal & Administrative Officer and Corporate Secretary effective July 1, 2025. Prior to joining CTS, he served as Chief Legal Officer and Secretary of CareerBuilder, LLC from 2019 to 2024, and its successor company, CareerBuilder + Monster, from 2024 until June 2025. He also held senior legal roles at The Boeing Co., Molex, Inc., and Knowles Corp., was Special Counsel at the U.S. Securities and Exchange Commission, and was in private practice representing public companies.
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- Macroeconomic and Geopolitical Instability: As a global manufacturer, CTS Corporation is highly susceptible to broad economic downturns, inflationary pressures, and recessionary conditions, which can impact demand for its products across various markets. Furthermore, risks associated with international operations, including trade and tariff barriers, fluctuating exchange rates, and political and geopolitical conflicts (such as U.S./China relations and the conflict between Russia and Ukraine), can adversely affect the company's operations and financial performance.
- Supply Chain Vulnerabilities and Disruptions: CTS Corporation's manufacturing operations are vulnerable to disruptions in its supply chain, including potential raw material shortages and port congestion. These issues can lead to increased costs, production delays, and strained customer relationships, impacting the company's ability to meet demand and maintain profitability.
- Reliance on Key Customers and Intense Competition: The company faces risks associated with customer concentration, as a significant reduction in business from a major customer could materially impact operating results. For example, Toyota Motor Corporation accounted for a notable portion of CTS's net sales in 2025. Additionally, CTS operates in competitive markets, facing pressure from domestic and foreign manufacturers, some of whom may have larger and more diversified product portfolios. This competition can lead to pricing pressures and affect the company's market share and revenues.
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CTS Corporation, a global manufacturer of sensors, actuators, and connectivity components, operates in several key addressable markets across North America, Europe, and Asia.
Sensors and Actuators for Passenger or Commercial Vehicles
- The global automotive sensors market was valued at an estimated USD 12.64 billion in 2025 and is projected to reach USD 26.61 billion by 2034, exhibiting a Compound Annual Growth Rate (CAGR) of 8.90% during the forecast period. In 2023, this market was estimated at USD 39.5 billion globally, with a projection to reach USD 85.1 billion by 2030.
- The global automotive actuators market is estimated at USD 27.9 billion in 2024 and is projected to grow to USD 33.5 billion by 2030, at a CAGR of 3.1%.
- More broadly, the global sensors and actuators market size is projected to be USD 19.98 billion in 2025 and is expected to reach USD 34.24 billion by 2031, growing at a CAGR of 9.36% from 2026 to 2031. The automotive and mobility sector accounted for 24.66% of this market in 2025.
Connectivity Components for Telecommunications Infrastructure, Information Technology, and Other High-Speed Applications
- The global telecom network infrastructure market was valued at an estimated USD 118.02 billion in 2025 and is projected to grow to USD 245.11 billion by 2034, exhibiting a CAGR of 8.46% during the forecast period. Another estimate places the global market size at USD 108.81 billion in 2025, projected to reach USD 190.13 billion by 2033.
- North America is a significant market for telecom network infrastructure, holding approximately 40% of the global share.
Switches, Temperature Sensors, and Potentiometers
- Temperature Sensors: The global temperature sensors market was valued at USD 8.2 billion in 2025 and is expected to grow to USD 16.5 billion in 2035, at a CAGR of 7% from 2026 to 2035. In 2025, the U.S. temperature sensors market reached USD 2 billion, and the European market accounted for USD 1.9 billion.
- Potentiometers: The global potentiometer market, valued at USD 1.5 billion in 2020, is projected to reach USD 2.1 billion by 2025. Between 2025 and 2035, the market is expected to expand at a CAGR of 6.9%, culminating in a valuation of USD 4.1 billion by 2035. The United States is noted as a growing market for potentiometers.
- Specific market sizes for "switches" as a standalone product line were not available in the provided search results; they are typically integrated within broader electronics and industrial markets.
Fabricated Piezoelectric Materials and Substrates
- The global piezoelectric smart material market size was estimated at USD 2.21 billion in 2024 and is predicted to increase from USD 2.37 billion in 2025 to approximately USD 4.39 billion by 2034, expanding at a CAGR of 7.10% from 2025 to 2034. North America held the largest share of this market in 2024, at 43%.
- The U.S. piezoelectric smart material market size was USD 760 million in 2024 and is projected to reach approximately USD 1,440 million by 2034, growing at a CAGR of 7.32% from 2025 to 2034.
- More broadly, the global piezoelectric devices market was valued at approximately USD 34.2 billion in 2024 and is projected to reach USD 58.7 billion by 2030, growing at a CAGR of 9.3% during this period.
- The global piezoelectric materials market size was valued at USD 1.66 billion in 2024 and is projected to grow from USD 1.73 billion in 2025 to USD 2.38 billion by 2032, exhibiting a CAGR of 4.64%.
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CTS Corporation (CTS) is anticipated to drive future revenue growth over the next two to three years through several key strategies:
- Continued Diversification and Growth in Key End Markets: CTS is strategically focusing on and achieving significant growth in its diversified end markets, particularly medical, aerospace & defense, and industrial sectors. The medical market, for instance, saw a 41% sales increase in Q4 2025 compared to the prior year period, while full-year 2025 sales for medical and aerospace & defense increased by 21% and 20% respectively. Industrial sales also grew by 12% in fiscal 2025. This diversification strategy is shifting the revenue mix away from the more challenged transportation segment, with diversified end markets now representing almost 60% of overall company revenue, and is expected to continue driving overall revenue expansion.
- New Product Innovation and Technology Advancement: The company is investing in new product innovations to capture new business. This includes expanding its offerings in medical ultrasound transducers and pacing technologies, developing high-force actuators for industrial automation, and introducing enhancements for next-generation smart actuators in the transportation sector. These advancements are anticipated to drive long-term growth in their respective markets.
- Strategic Acquisitions and Geographic Expansion: CTS plans to pursue targeted acquisitions to bolster its position in higher-margin medical components and defense-qualified products. Additionally, a "buy-and-build" strategy is in place to acquire intellectual property in sensing and frequency control, enabling expansion into new customer bases in Western Europe and Asia-Pacific. These initiatives are designed to accelerate access to new markets and product lines, contributing to future revenue growth.
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Share Repurchases
- CTS Corporation authorized a new share repurchase program of up to $100 million in November 2025, replacing a previous initiative approved in February 2024.
- In February 2024, the Board approved a new share repurchase program of up to $100 million, replacing the program authorized in February 2023.
- In 2025, CTS repurchased approximately 1.4 million shares totaling $57 million.
Outbound Investments
- CTS acquired SyQwest, LLC for approximately $121.9 million in the third quarter of 2024. SyQwest specializes in sonar and acoustic sensing solutions, primarily for naval applications.
- In February 2023, CTS acquired maglab for $4.2 million, which provides e-mobility, robotics & automation, and renewable energy services.
- CTS completed the acquisition of TEWA Temperature Sensors in February 2022 for $24.5 million and Meggitt in April 2022 for $76.9 million.
Capital Expenditures
- Capital expenditures totaled $15.7 million in 2025 and $18.6 million in 2024.
- Capital expenditures for 2023 were $14.7 million.
- For 2026, capital expenditures are projected to be around 4% of sales, with a focus on supporting organic growth, strategic acquisitions, innovation, and operational execution.
Peer Outperformance in Electronic Manufacturing Services
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| CTS | CTS | -0.8% | 24.4x | 52.0% | 48.1% | 91.9% | — |
| FLEX | Flex | 1.8% | 43.1x | 101.7% | 520.9% | 725.4% | +633pp |
| JBL | Jabil | -1.4% | 41.5x | 46.9% | 202.9% | 415.6% | +324pp |
| BHE | Benchmark Electronics | -1.3% | 55.7x | 116.4% | 262.4% | 227.6% | +136pp |
| PLXS | Plexus | 2.6% | 37.9x | 83.6% | 188.9% | 184.6% | +93pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services ← | 9 | 67.8% | 202.9% | 283.6% | TTMI 915% · FLEX 725% · SANM 466% |
| Semiconductor Materials & Equipment | 27 | 97.2% | 97.4% | 112.0% | AXTI 797% · AEHR 592% · KLAC 439% |
| Technology Distributors | 9 | 41.0% | 84.4% | 101.6% | CLMB 402% · AVT 204% · SNX 148% |
| Communications Equipment | 36 | 17.2% | 95.3% | 67.6% | AAOI 1301% · FEIM 1069% · LITE 995% |
| Electronic Components | 26 | 42.0% | 70.3% | 64.8% | CLS 3788% · BELFA 1333% · COHR 387% |
| Semiconductors | 55 | 34.9% | 42.6% | 39.9% | POET 1808% · MU 1376% · NVDA 944% |
| Technology Hardware, Storage & Peripherals | 20 | 19.0% | 131.3% | 29.5% | STX 1116% · DELL 1073% · SMCI 1042% |
| Internet Services & Infrastructure | 6 | 4.9% | 51.3% | 28.2% | DOCN 71% · VRSN 37% · GDDY 37% |
| Electronic Equipment & Instruments | 26 | -16.6% | 16.4% | -10.4% | PI 192% · OSIS 107% · KEYS 105% |
| IT Consulting & Other Services | 30 | -25.3% | -17.4% | -35.9% | CHRN 522268% · APLD 1174% · TSSI 797% |
| Application Software | 124 | -29.5% | -14.8% | -48.5% | VIDA 144067% · INLX 4910% · PLTR 590% |
| Systems Software | 72 | -20.9% | 9.9% | -62.8% | QNC 640% · ZETA 408% · PANW 363% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| CTS Earnings Notes | 12/16/2025 | |
| How Low Can CTS Stock Really Go? | 10/17/2025 | |
| Why CTS Stock Moved: CTS Stock Has Gained 21% Since 2021 Fiscal End, Primarily Due To Favorable Change In Revenues | 08/08/2025 | |
| CTS Dip Buy Analysis | 07/10/2025 | |
| Should You Buy CTS Stock? | 05/16/2025 | |
| CTS (CTS) Valuation Ratios Comparison | 05/15/2025 | |
| CTS Total Shareholder Return (TSR): 21.3% in 2024 and 13.6% 3-yr compounded annual returns (below peer average) | 03/07/2025 | |
| CTS (CTS) Operating Cash Flow Comparison | 02/17/2025 | |
| CTS (CTS) Net Income Comparison | 02/15/2025 | |
| CTS (CTS) Operating Income Comparison | 02/14/2025 | |
| ARTICLES | ||
| CTS vs Flex: Which Is the Stronger Buy Today? | 01/03/2026 |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 50.89 |
| Mkt Cap | 5.3 |
| Rev LTM | 2,967 |
| Op Inc LTM | 271 |
| FCF LTM | 268 |
| FCF 3Y Avg | 228 |
| CFO LTM | 429 |
| CFO 3Y Avg | 332 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.0% |
| Rev Chg 3Y Avg | -1.2% |
| Rev Chg Q | 13.5% |
| QoQ Delta Rev Chg LTM | 3.2% |
| Op Inc Chg LTM | 61.7% |
| Op Inc Chg 3Y Avg | 3.3% |
| Op Mgn LTM | 15.5% |
| Op Mgn 3Y Avg | 13.9% |
| QoQ Delta Op Mgn LTM | 0.6% |
| CFO/Rev LTM | 18.8% |
| CFO/Rev 3Y Avg | 17.0% |
| FCF/Rev LTM | 15.8% |
| FCF/Rev 3Y Avg | 13.5% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Designs, manufactures, and sells a broad line of sensors, connectivity components, and actuators | 541 | 515 | 550 | 587 | 513 |
| Total | 541 | 515 | 550 | 587 | 513 |
| $ Mil | 2008 | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|
| Components & Sensors | 25 | ||||
| EMS | 12 | 10 | 6 | 10 | 8 |
| Components and Sensors | 25 | 31 | 30 | 23 | |
| Total | 37 | 35 | 37 | 40 | 31 |
| $ Mil | 2012 | 2011 | 2010 | 2009 | 2007 |
|---|---|---|---|---|---|
| Components and Sensors | 443 | 330 | 336 | 295 | 363 |
| EMS | 118 | 151 | 147 | 113 | 181 |
| Total | 561 | 481 | 483 | 408 | 544 |
Price Behavior
| Market Price | $59.60 | |
| Market Cap ($ Bil) | 1.7 | |
| First Trading Date | 11/05/1987 | |
| Distance from 52W High | -12.6% | |
| 50 Days | 200 Days | |
| DMA Price | $59.94 | $55.64 |
| DMA Trend | up | down |
| Distance from DMA | -0.6% | 7.1% |
| 3M | 1YR | |
| Volatility | 33.0% | 35.4% |
| Downside Capture | 207.64 | 139.11 |
| Upside Capture | 110.22 | 162.13 |
| Correlation (SPY) | 43.7% | 51.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.69 | 1.66 | 1.52 | 1.60 | 1.46 | 1.30 |
| Up Beta | 2.09 | 1.46 | 0.97 | 1.11 | 1.16 | 1.22 |
| Down Beta | 1.57 | 0.41 | 1.36 | 1.61 | 1.37 | 1.09 |
| Up Capture | 24% | 140% | 149% | 194% | 217% | 269% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 6 | 15 | 25 | 60 | 129 | 364 |
| Down Capture | 364% | 270% | 195% | 167% | 135% | 109% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 15 | 27 | 39 | 67 | 121 | 385 |
[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 CTS | |
|---|---|---|---|---|
| CTS | 46.7% | 35.4% | 1.13 | - |
| Sector ETF (XLK) | 41.7% | 26.4% | 1.28 | 52.5% |
| Equity (SPY) | 17.7% | 13.0% | 0.98 | 51.7% |
| Gold (GLD) | 14.7% | 29.3% | 0.46 | 14.5% |
| Commodities (DBC) | 44.3% | 20.7% | 1.66 | -22.2% |
| Real Estate (VNQ) | 4.5% | 13.6% | 0.07 | 18.3% |
| Bitcoin (BTCUSD) | -25.9% | 44.8% | -0.54 | 18.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CTS | |
|---|---|---|---|---|
| CTS | 13.6% | 33.9% | 0.44 | - |
| Sector ETF (XLK) | 21.3% | 26.0% | 0.73 | 50.5% |
| Equity (SPY) | 13.3% | 17.2% | 0.59 | 53.2% |
| Gold (GLD) | 19.2% | 18.8% | 0.83 | 8.0% |
| Commodities (DBC) | 10.8% | 19.6% | 0.43 | 4.0% |
| Real Estate (VNQ) | 0.9% | 18.9% | -0.06 | 39.2% |
| Bitcoin (BTCUSD) | 12.2% | 52.6% | 0.41 | 22.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CTS | |
|---|---|---|---|---|
| CTS | 13.4% | 35.2% | 0.45 | - |
| Sector ETF (XLK) | 24.8% | 25.0% | 0.90 | 48.6% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 54.5% |
| Gold (GLD) | 12.1% | 16.4% | 0.61 | 3.6% |
| Commodities (DBC) | 8.5% | 18.1% | 0.38 | 14.0% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | 40.7% |
| Bitcoin (BTCUSD) | 63.8% | 66.2% | 1.03 | 15.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 8/28/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/28/2026 | 7.3% | 8.0% | -6.2% |
| 4/29/2026 | 0.3% | 7.0% | 19.4% |
| 2/10/2026 | 3.1% | 0.8% | -13.2% |
| 10/28/2025 | -4.5% | -1.9% | 0.2% |
| 7/24/2025 | 3.9% | 0.1% | 2.7% |
| 4/30/2025 | -4.5% | -2.5% | 2.3% |
| 2/4/2025 | -4.5% | -5.5% | -12.0% |
| 10/29/2024 | 2.5% | 6.1% | 12.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 17 | 18 |
| # Negative | 13 | 8 | 7 |
| Median Positive | 3.6% | 6.1% | 8.1% |
| Median Negative | -4.5% | -3.0% | -5.3% |
| Max Positive | 10.4% | 15.6% | 22.6% |
| Max Negative | -17.8% | -13.5% | -13.2% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 7/28/2026 | 7.3% | 8.0% | -6.2% |
| 4/29/2026 | 0.3% | 7.0% | 19.4% |
| 2/10/2026 | 3.1% | 0.8% | -13.2% |
| 10/28/2025 | -4.5% | -1.9% | 0.2% |
| 7/24/2025 | 3.9% | 0.1% | 2.7% |
| 4/30/2025 | -4.5% | -2.5% | 2.3% |
| 2/4/2025 | -4.5% | -5.5% | -12.0% |
| 10/29/2024 | 2.5% | 6.1% | 12.2% |
| 7/30/2024 | -7.4% | -13.5% | -5.3% |
| 5/1/2024 | 3.7% | 10.0% | 16.9% |
| 2/6/2024 | 10.4% | 12.5% | 7.3% |
| 10/26/2023 | -0.5% | 0.4% | 3.8% |
| 7/25/2023 | -1.4% | 5.8% | 5.6% |
| 4/27/2023 | -3.1% | -2.8% | 6.6% |
| 2/7/2023 | -8.3% | -2.0% | -5.0% |
| 10/26/2022 | -17.8% | -6.5% | -4.0% |
| 7/26/2022 | 0.0% | 6.2% | 13.3% |
| 4/28/2022 | 6.3% | 15.6% | 20.6% |
| 2/8/2022 | 1.7% | 5.0% | 8.8% |
| 10/27/2021 | 8.0% | 15.2% | 20.1% |
| 7/27/2021 | -1.4% | 2.6% | 3.6% |
| 4/29/2021 | -5.9% | 1.2% | 20.7% |
| 2/9/2021 | -2.0% | -3.2% | -1.3% |
| 10/29/2020 | 3.6% | 6.9% | 22.6% |
| 7/31/2020 | -3.9% | 2.9% | 3.4% |
| SUMMARY STATS | |||
| # Positive | 12 | 17 | 18 |
| # Negative | 13 | 8 | 7 |
| Median Positive | 3.6% | 6.1% | 8.1% |
| Median Negative | -4.5% | -3.0% | -5.3% |
| Max Positive | 10.4% | 15.6% | 22.6% |
| Max Negative | -17.8% | -13.5% | -13.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/28/2026 | 10-Q |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 10/28/2025 | 10-Q |
| 06/30/2025 | 07/24/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 10/29/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/25/2023 | 10-Q |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 10/26/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 07/28/2026 | 10-Q |
| 03/31/2026 | 04/29/2026 | 10-Q |
| 12/31/2025 | 02/24/2026 | 10-K |
| 09/30/2025 | 10/28/2025 | 10-Q |
| 06/30/2025 | 07/24/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 10/29/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 02/23/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/25/2023 | 10-Q |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 02/24/2023 | 10-K |
| 09/30/2022 | 10/26/2022 | 10-Q |
| 06/30/2022 | 07/26/2022 | 10-Q |
| 03/31/2022 | 04/29/2022 | 10-Q |
| 12/31/2021 | 02/25/2022 | 10-K |
| 09/30/2021 | 10/27/2021 | 10-Q |
| 06/30/2021 | 07/27/2021 | 10-Q |
| 03/31/2021 | 04/29/2021 | 10-Q |
| 12/31/2020 | 02/25/2021 | 10-K |
| 09/30/2020 | 10/29/2020 | 10-Q |
| 06/30/2020 | 07/31/2020 | 10-Q |
| 03/31/2020 | 04/24/2020 | 10-Q |
| 12/31/2019 | 02/20/2020 | 10-K |
| 09/30/2019 | 10/24/2019 | 10-Q |
Recent Forward Guidance
Updated 7/29/2026Latest: Q2 2026 Earnings Reported 7/28/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 565.00 Mil | 575.00 Mil | 585.00 Mil | Raised | Guidance: 570.00 Mil for 2026 | ||
| 2026 Adjusted Diluted EPS | Reported | 2.55 | 2.62 | 2.7 | Raised | Guidance: 2.4 for 2026 | ||
Prior: Q1 2026 Earnings Reported 4/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 560.00 Mil | 570.00 Mil | 580.00 Mil | 0.9% | Raised | Guidance: 565.00 Mil for 2026 | |
| 2026 Adjusted Diluted EPS | Reported | 2.35 | 2.4 | 2.45 | 1.1% | Raised | Guidance: 2.38 for 2026 | |
Q4 2025 Earnings Reported 2/10/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 550.00 Mil | 565.00 Mil | 580.00 Mil | 4.6% | Higher New | Actual: 540.00 Mil for 2025 | |
| 2026 Adjusted Diluted EPS | Reported | 2.3 | 2.38 | 2.45 | 6.7% | Higher New | Actual: 2.23 for 2025 | |
Q3 2025 Earnings Reported 10/28/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2025 Revenue | Reported | 535.00 Mil | 540.00 Mil | 545.00 Mil | 0.9% | Raised | Guidance: 535.00 Mil for 2025 | |
| 2025 Adjusted Diluted EPS | Reported | 2.2 | 2.23 | 2.25 | -2.2% | Lowered | Guidance: 2.27 for 2025 | |
Insider Activity
Updated 7/30/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | O'Sullivan, Kieran M | President & CEO | Direct | Sell | 6032026 | 66.67 | 22,657 | 1,510,560 | 20,514,138 | Form |
| 2 | O'Sullivan, Kieran M | President & CEO | Direct | Sell | 6032026 | 66.26 | 60,388 | 4,001,472 | 21,889,883 | Form |
| 3 | O'Sullivan, Kieran M | President & CEO | Direct | Sell | 6032026 | 63.31 | 46,955 | 2,972,773 | 24,738,053 | Form |
| 4 | Agrawal, Ashish | CFO | Direct | Sell | 2032026 | 53.00 | 25,000 | 1,325,000 | 5,617,311 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | O'Sullivan, Kieran M | President & CEO | Direct | Sell | 6032026 | 66.67 | 22,657 | 1,510,560 | 20,514,138 | Form |
| 2 | O'Sullivan, Kieran M | President & CEO | Direct | Sell | 6032026 | 66.26 | 60,388 | 4,001,472 | 21,889,883 | Form |
| 3 | O'Sullivan, Kieran M | President & CEO | Direct | Sell | 6032026 | 63.31 | 46,955 | 2,972,773 | 24,738,053 | Form |
| 4 | Agrawal, Ashish | CFO | Direct | Sell | 2032026 | 53.00 | 25,000 | 1,325,000 | 5,617,311 | Form |
Investor Activity (13F)
Updated Sep 27, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
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Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Electronic Manufacturing Services Resources |
| EMSNOW |
| I-Connect007 |
| Circuits Assembly |
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| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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