CTS (CTS)
Market Price (11/12/2026): $62.1 | Market Cap: $1.8 BilSector: Information Technology | Industry: Electronic Manufacturing Services
CTS (CTS)
Market Price (11/12/2026): $62.1Market Cap: $1.8 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 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19% Attractive yieldFCF Yield is 6.1% Low stock price volatilityVol 12M is 37% 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 -21%, 3Y Excs Rtn is -18% | Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.4% 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 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19% |
| Attractive yieldFCF Yield is 6.1% |
| Low stock price volatilityVol 12M is 37% |
| 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 -21%, 3Y Excs Rtn is -18% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is 0.4% |
| 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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Prices as of 11/11/2026
Nov 5: down 8.1% in one day (S&P 500 down 4.4%)
The stock fell significantly as the broader market declined on widespread concerns about AI and chip stocks. The declaration of a cash dividend did not offset the market's negative sentiment that day.
Up 19.6% from its Oct 23 low to Oct 29 (S&P 500 up 1.2%)
The stock surged following the October 23 completion of the Millar Holdings acquisition and the October 27 announcement of strong third quarter results. The October 27 earnings reaction day contributed significantly, and the market also supported gains on October 26.
Oct 27: up 9.8% on its earnings report (S&P 500 up 0.6%)
The stock rose sharply after the company reported strong third quarter 2026 results before market open. Revenue and net income increased, with diluted EPS exceeding expectations.
Nov 5: down 8.1% in one day (S&P 500 down 4.4%)
The stock fell significantly as the broader market declined on widespread concerns about AI and chip stocks. The declaration of a cash dividend did not offset the market's negative sentiment that day.
Up 19.6% from its Oct 23 low to Oct 29 (S&P 500 up 1.2%)
The stock surged following the October 23 completion of the Millar Holdings acquisition and the October 27 announcement of strong third quarter results. The October 27 earnings reaction day contributed significantly, and the market also supported gains on October 26.
Oct 27: up 9.8% on its earnings report (S&P 500 up 0.6%)
The stock rose sharply after the company reported strong third quarter 2026 results before market open. Revenue and net income increased, with diluted EPS exceeding expectations.
Prices as of 11/11/2026
Nov 5: down 8.1% in one day (S&P 500 down 4.4%)
The stock fell significantly as the broader market declined on widespread concerns about AI and chip stocks. The declaration of a cash dividend did not offset the market's negative sentiment that day.
Up 19.6% from its Oct 23 low to Oct 29 (S&P 500 up 1.2%)
The stock surged following the October 23 completion of the Millar Holdings acquisition and the October 27 announcement of strong third quarter results. The October 27 earnings reaction day contributed significantly, and the market also supported gains on October 26.
Oct 27: up 9.8% on its earnings report (S&P 500 up 0.6%)
The stock rose sharply after the company reported strong third quarter 2026 results before market open. Revenue and net income increased, with diluted EPS exceeding expectations.
Show less
Nov 5: down 8.1% in one day (S&P 500 down 4.4%)
The stock fell significantly as the broader market declined on widespread concerns about AI and chip stocks. The declaration of a cash dividend did not offset the market's negative sentiment that day.
Up 19.6% from its Oct 23 low to Oct 29 (S&P 500 up 1.2%)
The stock surged following the October 23 completion of the Millar Holdings acquisition and the October 27 announcement of strong third quarter results. The October 27 earnings reaction day contributed significantly, and the market also supported gains on October 26.
Oct 27: up 9.8% on its earnings report (S&P 500 up 0.6%)
The stock rose sharply after the company reported strong third quarter 2026 results before market open. Revenue and net income increased, with diluted EPS exceeding expectations.
Show less
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Stock Movement Drivers
Fundamental Drivers
The -3.1% change in CTS stock from 7/31/2026 to 11/11/2026 was primarily driven by a -8.6% change in the company's P/E Multiple.| (LTM values as of) | 7312026 | 11112026 | Change |
|---|---|---|---|
| Stock Price ($) | 64.08 | 62.07 | -3.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 564 | 571 | 1.2% |
| Net Income Margin (%) | 12.4% | 12.9% | 4.6% |
| P/E Multiple | 26.2 | 24.0 | -8.6% |
| Shares Outstanding (Mil) | 29 | 29 | 0.1% |
| Cumulative Contribution | -3.1% |
Market Drivers
7/31/2026 to 11/11/2026| Return | Correlation | |
|---|---|---|
| CTS | -3.1% | |
| Market (SPY) | 1.7% | 57.6% |
| Sector (XLK) | -0.6% | 64.5% |
Fundamental Drivers
The 8.8% change in CTS stock from 4/30/2026 to 11/11/2026 was primarily driven by a 3.8% change in the company's Net Income Margin (%).| (LTM values as of) | 4302026 | 11112026 | Change |
|---|---|---|---|
| Stock Price ($) | 57.03 | 62.07 | 8.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 555 | 571 | 2.9% |
| Net Income Margin (%) | 12.5% | 12.9% | 3.8% |
| P/E Multiple | 23.7 | 24.0 | 1.4% |
| Shares Outstanding (Mil) | 29 | 29 | 0.5% |
| Cumulative Contribution | 8.8% |
Market Drivers
4/30/2026 to 11/11/2026| Return | Correlation | |
|---|---|---|
| CTS | 8.8% | |
| Market (SPY) | 6.0% | 57.9% |
| Sector (XLK) | 9.4% | 64.0% |
Fundamental Drivers
The 50.0% change in CTS stock from 10/31/2025 to 11/11/2026 was primarily driven by a 20.1% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 11112026 | Change |
|---|---|---|---|
| Stock Price ($) | 41.39 | 62.07 | 50.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 531 | 571 | 7.6% |
| Net Income Margin (%) | 10.8% | 12.9% | 20.1% |
| P/E Multiple | 21.3 | 24.0 | 12.9% |
| Shares Outstanding (Mil) | 29 | 29 | 2.8% |
| Cumulative Contribution | 50.0% |
Market Drivers
10/31/2025 to 11/11/2026| Return | Correlation | |
|---|---|---|
| CTS | 50.0% | |
| Market (SPY) | 12.3% | 56.1% |
| Sector (XLK) | 16.4% | 57.5% |
Fundamental Drivers
The 67.6% change in CTS stock from 10/31/2023 to 11/11/2026 was primarily driven by a 24.5% change in the company's P/E Multiple.| (LTM values as of) | 10312023 | 11112026 | Change |
|---|---|---|---|
| Stock Price ($) | 37.04 | 62.07 | 67.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 568 | 571 | 0.5% |
| Net Income Margin (%) | 10.6% | 12.9% | 22.2% |
| P/E Multiple | 19.3 | 24.0 | 24.5% |
| Shares Outstanding (Mil) | 31 | 29 | 9.7% |
| Cumulative Contribution | 67.6% |
Market Drivers
10/31/2023 to 11/11/2026| Return | Correlation | |
|---|---|---|
| CTS | 67.6% | |
| Market (SPY) | 87.9% | 58.9% |
| Sector (XLK) | 116.4% | 55.8% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CTS Return | 7% | 8% | 11% | 21% | -18% | 45% | 85% |
| Peers Return | 23% | -17% | 3% | -14% | 15% | 59% | 66% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 10% | 100% |
Monthly Win Rates [3] | |||||||
| CTS Win Rate | 50% | 50% | 58% | 50% | 50% | 73% | |
| Peers Win Rate | 67% | 38% | 52% | 50% | 57% | 58% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 36% | |
Max Drawdowns [4] | |||||||
| CTS Max Drawdown | -23% | -21% | -27% | -19% | -34% | -22% | |
| Peers Max Drawdown | -18% | -32% | -34% | -33% | -42% | -40% | |
| 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 11/11/2026 (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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The key risks to CTS Corporation's business include:
- 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
CTS has trailed 78% of its 9 Electronic Manufacturing Services peers over 5Y. Among the peers that beat it are JBL, BHE and PLXS. Electronic Manufacturing Services ranks 1st of 12 industries in Information Technology by median 5Y return. That makes it one of the strongest corners of the sector.
Share of Electronic Manufacturing Services constituents that CTS has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
100%
of 9 industry peers · 50.5% return
3Y
11%
of 9 industry peers · 62.9% return
5Y
22%
of 9 industry peers · 68.3% return
Electronic Manufacturing Services peers with revenue growth within 4pp of CTS'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 | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| CTS | CTS | 0.4% | 24.0x | 50.5% | 62.9% | 68.3% | — |
| JBL | Jabil | 2.4% | 26.1x | 22.8% | 103.0% | 307.4% | +239pp |
| BHE | Benchmark Electronics | 0.9% | 41.6x | 45.8% | 180.3% | 175.9% | +108pp |
| PLXS | Plexus | 2.6% | 30.5x | 47.4% | 109.4% | 128.1% | +60pp |
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 Manufacturing Services is CTS's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services ← | 10 | 19.4% | 114.8% | 191.3% | FLEX 488% · TTMI 452% · JBL 307% |
| Technology Distributors | 9 | 60.5% | 64.3% | 60.7% | AVT 146% · SNX 126% · CNXN 82% |
| Semiconductor Materials & Equipment | 28 | 53.9% | 63.2% | 46.6% | AXTI 420% · KLAC 309% · LRCX 304% |
| Electronic Components | 24 | 24.0% | 79.4% | 41.6% | CLS 2005% · BELFA 1139% · APH 301% |
| Communications Equipment | 36 | 8.3% | 101.2% | 40.3% | AAOI 825% · LITE 611% · ANET 504% |
| Electronic Equipment & Instruments | 27 | -4.4% | 31.0% | 3.0% | PI 133% · OSIS 106% · KEYS 65% |
| Semiconductors | 55 | 16.9% | 49.3% | -1.9% | MU 1015% · AVGO 579% · NVDA 474% |
| Technology Hardware, Storage & Peripherals | 21 | -12.8% | 87.4% | -12.7% | DELL 633% · WDC 616% · SMCI 587% |
| IT Consulting & Other Services | 30 | -17.7% | -1.9% | -22.0% | APLD 349% · IBM 148% · GIB -8% |
| Internet Services & Infrastructure | 6 | -9.1% | 41.9% | -22.2% | GDDY 61% · VRSN 37% · AKAM -21% |
| Application Software | 126 | -11.5% | -13.2% | -53.8% | PLTR 650% · FROG 196% · AGYS 160% |
| Systems Software | 71 | -8.6% | 20.3% | -58.2% | ZETA 282% · CRWD 226% · CVLT 149% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
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 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 51.09 |
| Mkt Cap | 5.1 |
| Rev LTM | 2,591 |
| Op Inc LTM | 295 |
| FCF LTM | 315 |
| FCF 3Y Avg | 244 |
| CFO LTM | 530 |
| CFO 3Y Avg | 347 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 12.6% |
| Rev Chg 3Y Avg | 0.8% |
| Rev Chg Q | 16.6% |
| QoQ Delta Rev Chg LTM | 4.2% |
| Op Inc Chg LTM | 67.0% |
| Op Inc Chg 3Y Avg | 9.6% |
| Op Mgn LTM | 17.0% |
| Op Mgn 3Y Avg | 14.4% |
| QoQ Delta Op Mgn LTM | 1.0% |
| CFO/Rev LTM | 20.6% |
| CFO/Rev 3Y Avg | 18.6% |
| FCF/Rev LTM | 17.2% |
| FCF/Rev 3Y Avg | 15.2% |
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
Price Behavior
| Market Price | $62.07 | |
| Market Cap ($ Bil) | 1.8 | |
| First Trading Date | 11/05/1987 | |
| Distance from 52W High | -9.0% | |
| 50 Days | 200 Days | |
| DMA Price | $58.25 | $57.77 |
| DMA Trend | down | up |
| Distance from DMA | 6.6% | 7.5% |
| 3M | 1YR | |
| Volatility | 40.0% | 37.0% |
| Downside Capture | 158.52 | 145.45 |
| Upside Capture | 182.17 | 176.72 |
| Correlation (S&P 500) | 58.5% | 56.6% |
CTS Betas & Captures as of 10/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.62 | 1.70 | 1.61 | 1.77 | 1.53 | 1.32 |
| Up Beta | 0.81 | -1.01 | 0.83 | 0.94 | 1.01 | 1.21 |
| Down Beta | 1.41 | 1.86 | 1.60 | 1.49 | 1.47 | 1.14 |
| Up Capture | 416% | 263% | 174% | 258% | 283% | 315% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 10 | 22 | 28 | 57 | 133 | 371 |
| Down Capture | 253% | 146% | 187% | 177% | 132% | 110% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 11 | 20 | 35 | 68 | 117 | 378 |
[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 | 51.0% | 37.0% | 1.17 | - |
| Sector ETF (XLK) | 18.5% | 28.6% | 0.58 | 57.6% |
| Equity (SPY) | 12.5% | 13.7% | 0.60 | 56.1% |
| Gold (GLD) | -3.5% | 28.8% | -0.13 | 15.1% |
| Commodities (DBC) | 33.0% | 21.3% | 1.24 | -25.4% |
| Real Estate (VNQ) | 11.7% | 14.2% | 0.53 | 13.6% |
| Bitcoin (BTCUSD) | -30.9% | 43.5% | -0.73 | 18.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CTS | |
|---|---|---|---|---|
| CTS | 11.2% | 34.4% | 0.37 | - |
| Sector ETF (XLK) | 17.2% | 26.5% | 0.58 | 52.0% |
| Equity (SPY) | 11.8% | 17.3% | 0.51 | 54.2% |
| Gold (GLD) | 17.1% | 19.2% | 0.72 | 9.2% |
| Commodities (DBC) | 7.9% | 19.6% | 0.29 | 3.5% |
| Real Estate (VNQ) | 1.3% | 18.9% | -0.04 | 38.6% |
| Bitcoin (BTCUSD) | 3.1% | 51.5% | 0.24 | 23.2% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CTS | |
|---|---|---|---|---|
| CTS | 13.4% | 35.4% | 0.45 | - |
| Sector ETF (XLK) | 23.4% | 25.3% | 0.84 | 49.2% |
| Equity (SPY) | 15.5% | 18.0% | 0.73 | 54.8% |
| Gold (GLD) | 11.5% | 16.6% | 0.57 | 4.1% |
| Commodities (DBC) | 7.4% | 18.2% | 0.33 | 13.5% |
| Real Estate (VNQ) | 6.1% | 20.7% | 0.25 | 40.2% |
| Bitcoin (BTCUSD) | 58.6% | 66.3% | 0.99 | 15.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 11/5/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/27/2026 | 9.8% | 16.6% | |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 16 | 16 |
| # Negative | 12 | 8 | 7 |
| Median Positive | 3.8% | 6.1% | 8.1% |
| Median Negative | -4.5% | -3.0% | -5.3% |
| Max Positive | 10.4% | 16.6% | 20.7% |
| Max Negative | -17.8% | -13.5% | -13.2% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/27/2026 | 9.8% | 16.6% | |
| 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% |
| SUMMARY STATS | |||
| # Positive | 12 | 16 | 16 |
| # Negative | 12 | 8 | 7 |
| Median Positive | 3.8% | 6.1% | 8.1% |
| Median Negative | -4.5% | -3.0% | -5.3% |
| Max Positive | 10.4% | 16.6% | 20.7% |
| Max Negative | -17.8% | -13.5% | -13.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/27/2026 | 10-Q |
| 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 |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/27/2026 | 10-Q |
| 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 |
Recent Forward Guidance
Updated 11/2/2026Latest: Q3 2026 Earnings Reported 10/27/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Sales | Reported | 580.00 Mil | 585.00 Mil | 590.00 Mil | 1.7% | Raised | Guidance: 575.00 Mil for 2026 | |
| 2026 Adjusted Diluted EPS | Reported | 2.78 | 2.83 | 2.88 | 7.8% | Raised | Guidance: 2.63 for 2026 | |
Prior: 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 | 2.63 | 2.7 | Raised | Guidance: 2.4 for 2026 | ||
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 | |
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 Nov 12, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active 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 |
|---|
CTS — Investor Video Playlist
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Products & Services
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Products & Services
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Products & Services
Lead Free Piezoceramics -Viable Solutions or Wishful Thinking
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Electronic Manufacturing Services Resources |
| EMSNOW |
| I-Connect007 |
| Circuits Assembly |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 11/11/2026