Stoneridge (SRI)
Market Price (5/13/2026): $6.95 | Market Cap: $193.6 MilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment
Stoneridge (SRI)
Market Price (5/13/2026): $6.95Market Cap: $193.6 MilSector: Consumer DiscretionaryIndustry: Automotive Parts & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldFCF Yield is 6.3% Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, and Future of Freight. Themes include Autonomous Driving Technology, Autonomous Trucks, Show more. | Weak multi-year price returns2Y Excs Rtn is -98%, 3Y Excs Rtn is -136% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -17 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.0% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 64% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.2%, Rev Chg QQuarterly Revenue Change % is -6.0% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -57% Key risksSRI key risks include [1] declining revenue that contrasts with expected industry expansion, Show more. |
| Attractive yieldFCF Yield is 6.3% |
| Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, and Future of Freight. Themes include Autonomous Driving Technology, Autonomous Trucks, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -98%, 3Y Excs Rtn is -136% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -17 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -2.0% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 64% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -5.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -1.2%, Rev Chg QQuarterly Revenue Change % is -6.0% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -57% |
| Key risksSRI key risks include [1] declining revenue that contrasts with expected industry expansion, Show more. |
Qualitative Assessment
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Stoneridge (SRI) stock has gained about 5% since 1/31/2026 because of the following key factors:
1. Strategic Divestiture and Improved Financial Focus.
Stoneridge completed the sale of its non-core Control Devices segment for a base purchase price of $59 million, effective January 30, 2026. This strategic move allowed the company to dedicate capital and resources to its higher-growth Electronics and Brazil segments, aiming for stronger shareholder returns and a de-risked business profile. The net cash proceeds from the sale were used to repay debt, improving Stoneridge's net debt by $42.0 million compared to December 31, 2025, by March 31, 2026.
2. Robust Growth and New Program Wins in Core Technologies.
The company demonstrated significant momentum in its core product lines, particularly the MirrorEye® Camera Monitor System, which achieved record global sales and production milestones. MirrorEye sales reached $33 million in the first quarter of 2026, an 11% increase over the fourth quarter of 2025. Furthermore, Stoneridge secured two major new program awards in Q1 2026, totaling approximately $135 million in estimated lifetime revenue for MirrorEye and next-generation electronic controls. Overall, the Electronics segment's sales increased by $11.6 million, or 8.7%, in Q1 2026 relative to Q4 2025, contributing to a total Q1 revenue growth of 9.2% compared to Q4 2025. This performance significantly outperformed the company's weighted-average OEM end market, which declined by 9.1% over the same period.
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1. Strategic Divestiture and Improved Financial Focus.
Stoneridge completed the sale of its non-core Control Devices segment for a base purchase price of $59 million, effective January 30, 2026. This strategic move allowed the company to dedicate capital and resources to its higher-growth Electronics and Brazil segments, aiming for stronger shareholder returns and a de-risked business profile. The net cash proceeds from the sale were used to repay debt, improving Stoneridge's net debt by $42.0 million compared to December 31, 2025, by March 31, 2026.
2. Robust Growth and New Program Wins in Core Technologies.
The company demonstrated significant momentum in its core product lines, particularly the MirrorEye® Camera Monitor System, which achieved record global sales and production milestones. MirrorEye sales reached $33 million in the first quarter of 2026, an 11% increase over the fourth quarter of 2025. Furthermore, Stoneridge secured two major new program awards in Q1 2026, totaling approximately $135 million in estimated lifetime revenue for MirrorEye and next-generation electronic controls. Overall, the Electronics segment's sales increased by $11.6 million, or 8.7%, in Q1 2026 relative to Q4 2025, contributing to a total Q1 revenue growth of 9.2% compared to Q4 2025. This performance significantly outperformed the company's weighted-average OEM end market, which declined by 9.1% over the same period.
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Stock Movement Drivers
Fundamental Drivers
The 5.8% change in SRI stock from 1/31/2026 to 5/12/2026 was primarily driven by a 7.4% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.58 | 6.96 | 5.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 874 | 861 | -1.5% |
| P/S Multiple | 0.2 | 0.2 | 7.4% |
| Shares Outstanding (Mil) | 28 | 28 | 0.0% |
| Cumulative Contribution | 5.8% |
Market Drivers
1/31/2026 to 5/12/2026| Return | Correlation | |
|---|---|---|
| SRI | 5.8% | |
| Market (SPY) | 7.0% | 54.2% |
| Sector (XLY) | -2.2% | 55.6% |
Fundamental Drivers
The 2.2% change in SRI stock from 10/31/2025 to 5/12/2026 was primarily driven by a 4.5% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.81 | 6.96 | 2.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 878 | 861 | -1.9% |
| P/S Multiple | 0.2 | 0.2 | 4.5% |
| Shares Outstanding (Mil) | 28 | 28 | -0.3% |
| Cumulative Contribution | 2.2% |
Market Drivers
10/31/2025 to 5/12/2026| Return | Correlation | |
|---|---|---|
| SRI | 2.2% | |
| Market (SPY) | 8.8% | 49.9% |
| Sector (XLY) | -1.0% | 51.6% |
Fundamental Drivers
The 80.3% change in SRI stock from 4/30/2025 to 5/12/2026 was primarily driven by a 86.9% change in the company's P/S Multiple.| (LTM values as of) | 4302025 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.86 | 6.96 | 80.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 887 | 861 | -2.9% |
| P/S Multiple | 0.1 | 0.2 | 86.9% |
| Shares Outstanding (Mil) | 28 | 28 | -0.6% |
| Cumulative Contribution | 80.3% |
Market Drivers
4/30/2025 to 5/12/2026| Return | Correlation | |
|---|---|---|
| SRI | 80.3% | |
| Market (SPY) | 34.6% | 50.7% |
| Sector (XLY) | 20.9% | 50.7% |
Fundamental Drivers
The -63.0% change in SRI stock from 4/30/2023 to 5/12/2026 was primarily driven by a -60.6% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.83 | 6.96 | -63.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 900 | 861 | -4.3% |
| P/S Multiple | 0.6 | 0.2 | -60.6% |
| Shares Outstanding (Mil) | 27 | 28 | -2.1% |
| Cumulative Contribution | -63.0% |
Market Drivers
4/30/2023 to 5/12/2026| Return | Correlation | |
|---|---|---|
| SRI | -63.0% | |
| Market (SPY) | 84.4% | 48.5% |
| Sector (XLY) | 64.0% | 47.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SRI Return | -35% | 9% | -9% | -68% | -8% | 26% | -76% |
| Peers Return | 11% | -17% | 6% | -23% | 17% | 11% | -2% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| SRI Win Rate | 33% | 50% | 50% | 33% | 50% | 80% | |
| Peers Win Rate | 57% | 35% | 45% | 40% | 53% | 56% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| SRI Max Drawdown | -38% | -27% | -34% | -71% | -42% | -18% | |
| Peers Max Drawdown | -9% | -33% | -11% | -27% | -23% | -10% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: APTV, LEA, VC, BWA, GNTX.
[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 5/12/2026 (YTD)
How Low Can It Go
| Event | SRI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -18.1% | -18.8% |
| % Gain to Breakeven | 22.2% | 23.1% |
| Time to Breakeven | 30 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -19.3% | -9.5% |
| % Gain to Breakeven | 24.0% | 10.5% |
| Time to Breakeven | 43 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -39.6% | -6.7% |
| % Gain to Breakeven | 65.5% | 7.1% |
| Time to Breakeven | 80 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -28.4% | -24.5% |
| % Gain to Breakeven | 39.6% | 32.4% |
| Time to Breakeven | 46 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.4% | -33.7% |
| % Gain to Breakeven | 114.5% | 50.9% |
| Time to Breakeven | 245 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -21.6% | -19.2% |
| % Gain to Breakeven | 27.5% | 23.7% |
| Time to Breakeven | 127 days | 105 days |
In The Past
Stoneridge's stock fell -18.1% during the 2025 US Tariff Shock. Such a loss loss requires a 22.2% gain to breakeven.
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| Event | SRI | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -39.6% | -6.7% |
| % Gain to Breakeven | 65.5% | 7.1% |
| Time to Breakeven | 80 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -28.4% | -24.5% |
| % Gain to Breakeven | 39.6% | 32.4% |
| Time to Breakeven | 46 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -53.4% | -33.7% |
| % Gain to Breakeven | 114.5% | 50.9% |
| Time to Breakeven | 245 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -21.6% | -19.2% |
| % Gain to Breakeven | 27.5% | 23.7% |
| Time to Breakeven | 127 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -23.0% | -3.7% |
| % Gain to Breakeven | 29.8% | 3.9% |
| Time to Breakeven | 126 days | 6 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -66.6% | -17.9% |
| % Gain to Breakeven | 199.4% | 21.8% |
| Time to Breakeven | 1514 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -37.8% | -15.4% |
| % Gain to Breakeven | 60.8% | 18.2% |
| Time to Breakeven | 103 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -83.1% | -53.4% |
| % Gain to Breakeven | 491.4% | 114.4% |
| Time to Breakeven | 263 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -30.0% | -8.6% |
| % Gain to Breakeven | 42.8% | 9.5% |
| Time to Breakeven | 224 days | 47 days |
In The Past
Stoneridge's stock fell -18.1% during the 2025 US Tariff Shock. Such a loss loss requires a 22.2% 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 Stoneridge (SRI)
Stoneridge, Inc., together with its subsidiaries, designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. It operates in three segments: Control Devices, Electronics, and Stoneridge Brazil. The Control Devices segment offers sensors, switches, actuators, and connectors that monitor, measure, or activate specific functions within a vehicle. The Electronics segment designs and manufactures driver information systems, camera-based vision systems, connectivity, and compliance products. Its products collect, store, and display vehicle information, such as speed, pressure, maintenance data, trip information, operator performance, temperature, distance traveled, and driver messages related to vehicle performance. This segment's electronic control units regulate, coordinate, monitor, and direct the operation of the electrical system within a vehicle. The Stoneridge Brazil segment designs, manufactures, and sells vehicle tracking devices and monitoring services; vehicle security alarms and convenience accessories; in-vehicle audio and infotainment devices; and telematics solutions. It provides its products and systems to various original equipment manufacturers and Tier 1 customers, as well as aftermarket distributors and mass merchandisers for use in various vehicle platforms. Stoneridge, Inc. was founded in 1965 and is headquartered in Novi, Michigan.
AI Analysis | Feedback
- Stoneridge is like a smaller, specialized version of Bosch or Continental, focusing on vehicle electrical and electronic components, sensors, and information systems.
- Think of Stoneridge as an Aptiv or Visteon, providing electronic control units, driver information systems, and connectivity solutions for a wide range of vehicles.
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- Control Devices: Sensors, switches, actuators, and connectors designed to monitor, measure, or activate specific functions within a vehicle.
- Driver Information Systems: Products that collect, store, and display essential vehicle performance, maintenance, and operational data.
- Camera-based Vision Systems: Advanced systems providing visual information for vehicle safety, monitoring, and driver assistance.
- Connectivity and Compliance Products: Solutions enabling in-vehicle communication and ensuring adherence to automotive regulatory requirements.
- Electronic Control Units (ECUs): Devices that regulate, coordinate, monitor, and direct the electrical systems and overall operation within a vehicle.
- Vehicle Tracking Devices and Monitoring Services: Systems for real-time tracking of vehicles and providing associated monitoring services.
- Vehicle Security Alarms and Convenience Accessories: Products enhancing vehicle safety through alarms and adding user comfort and utility.
- In-vehicle Audio and Infotainment Devices: Systems providing entertainment, navigation, and information services for vehicle occupants.
- Telematics Solutions: Integrated systems offering comprehensive communication, diagnostics, and location-based services for vehicles.
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Stoneridge (SRI) sells primarily to other companies, operating in a Business-to-Business (B2B) model. Based on the provided description, its major customers fall into the following categories:
- Original Equipment Manufacturers (OEMs): These are companies that manufacture vehicles (automotive, commercial, off-highway, motorcycle, and agricultural) and integrate Stoneridge's components and systems directly into their new vehicles.
- Tier 1 Customers: These are major suppliers to the OEMs that develop and supply complex sub-systems and modules, often incorporating Stoneridge's components into their larger assemblies before supplying them to vehicle manufacturers.
- Aftermarket Distributors: Companies that distribute vehicle parts for repair, replacement, or upgrades after the initial sale of the vehicle.
- Mass Merchandisers: Large retail companies that sell vehicle parts and accessories, to which Stoneridge supplies its products for resale to end-consumers.
The provided company description does not list the specific names of these original equipment manufacturers, Tier 1 customers, aftermarket distributors, or mass merchandisers, nor their public symbols.
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James Zizelman President and Chief Executive Officer James Zizelman has served as President and Chief Executive Officer of Stoneridge, Inc. since January 31, 2023. His career in the automotive and mobility industry spans over four decades. Before becoming CEO, he was the President of Stoneridge's Control Devices Division, where he was instrumental in transforming the division's product lines and advancing technologies toward electrification. Prior to joining Stoneridge, Mr. Zizelman was the Vice President of Engineering and Program Management for Aptiv, overseeing the company's global engineering function and supporting its transition from Delphi. He holds both bachelor's and master's degrees in mechanical engineering from Case Western Reserve University, is the recipient of 10 patents, and is a board member for Lunewave, a start-up focused on transportation radar systems. Matthew Horvath Chief Financial Officer and Treasurer Matthew Horvath was appointed Chief Financial Officer and Treasurer of Stoneridge, Inc. in 2021. He previously held roles within Stoneridge as Executive Director of Corporate Strategy and Investor Relations, and Director of Investor Relations. Prior to his tenure at Stoneridge, Mr. Horvath spent six years at EY (Ernst & Young) in the Transaction Advisory practice, where he primarily focused on business and asset valuation with an emphasis on the automotive and transportation industry. He earned a bachelor's degree in Finance from Michigan State University. During his time at Stoneridge, he has been involved in shaping the company's transformation, including supporting the refinement of its product portfolio and operations through multiple divestitures. Natalia Noblet President, Stoneridge Electronics Division Natalia Noblet was appointed President of the Electronics Division in 2024, having joined Stoneridge in September 2024. Before joining Stoneridge, she served as Senior Vice President for the EMEA region within ZF's Commercial Vehicle Solutions division. Her background includes nearly two decades at WABCO, where she held increasingly senior roles across operations, sourcing, quality, project management, and continuous improvement. Following ZF's acquisition of WABCO in 2020, Ms. Noblet managed senior leadership positions with profit and loss responsibilities, leading integration initiatives and operational transformation programs. She holds a master's degree in international economic relations and a doctorate in economics and management science, both from Wroclaw University of Economics and Business in Poland, and is a certified Six Sigma Master Black Belt. Caetano Ferraiolo President, Stoneridge Brazil Division Caetano Ferraiolo was appointed President of the Stoneridge Brazil Division in June 2017. He joined Stoneridge in 2015, initially serving as Chief Operating Officer. Before his time at Stoneridge, he was the VP of operations for Cannondale Sports Group in Brazil for five years. From 2005 to 2010, Mr. Ferraiolo served as Director of European Commercial and Development at Autocam Corporation, a manufacturer of precision components for the automotive industry. He held various positions of increasing responsibility in operations and commercial areas during his eight-year tenure at Autocam Corporation. Robert J. Hartman Chief Accounting Officer Robert J. Hartman has served as Chief Accounting Officer for Stoneridge, Inc. since 2016. His long career with Stoneridge also includes roles as Corporate Controller from 2006 and Director of Internal Audit from 2003. Mr. Hartman has a cumulative 27 years with the company, having held various leadership positions within accounting, financial planning and analysis, and internal audit.AI Analysis | Feedback
The key risks to Stoneridge's business are: * **Ongoing Profitability Challenges and Financial Performance:** Stoneridge has faced significant earnings misses, consistent quarterly losses, and a decline in net income over recent periods, with analysts not anticipating profitability in the current year. This indicates a fundamental challenge in converting revenue into sustainable profits. * **Macroeconomic Headwinds and Cyclical Market Exposure:** The company operates within cyclical commercial vehicle markets, which experienced significant production declines in 2025. Stoneridge is also exposed to global economic trends, foreign exchange volatility, and geopolitical risks, including the impact of tariffs, all of which can severely affect demand and profitability. * **Execution Risks in Technology Adoption and Competitive Pressures:** While Stoneridge focuses on high-growth technologies like its MirrorEye vision system, the company faces inherent execution challenges in rapidly scaling new technology platforms. The automotive and commercial vehicle sectors are undergoing transformation due to vehicle electrification, autonomous driving, and increased connectivity, creating an intensely competitive landscape. Stoneridge's ability to adapt to these evolving technologies, successfully launch new products, and compete with specialized providers in telematics and fleet management is critical for its market position and future growth. Additionally, legacy warranty issues have led to quality-related costs, highlighting ongoing operational hurdles.AI Analysis | Feedback
The rapid industry shift towards software-defined vehicles and centralized computing architectures poses a clear emerging threat. This trend leads to the consolidation of many traditional, discrete electronic control units (ECUs), sensors, and modules, which are core to Stoneridge's offerings, into fewer, more powerful central processing units and domain controllers. As vehicle manufacturers increasingly prioritize owning the software stack and user experience, and partner with a limited number of integrated software and high-performance compute platform providers, Stoneridge's business model as a supplier of individual hardware components and systems risks disintermediation, commoditization, or reduced demand for its current portfolio in favor of integrated, software-centric solutions.
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Stoneridge, Inc. (SRI) operates in several addressable markets related to its engineered electrical and electronic components, modules, and systems for various vehicle markets. The estimated market sizes for their main products and services are as follows:
Control Devices Segment
- Automotive Sensors: The global automotive sensor market was estimated at USD 39.5 billion in 2023 and is projected to reach USD 85.1 billion by 2030, with a CAGR of 11.9% from 2024 to 2030. Another estimate places the global market at USD 38.7 billion in 2024, expected to reach USD 86.16 billion by 2032.
- Automotive Switches: The global automotive switch market size was valued at USD 7.66 billion in 2024 and is anticipated to reach approximately USD 11.92 billion by 2034, growing at a CAGR of 4.52% from 2025 to 2034. Another source valued the market at USD 18.1 billion in 2023, projected to reach USD 31.2 billion by 2033.
- Automotive Actuators: The global automotive actuators market is estimated at USD 27.9 billion in 2024 and is projected to reach USD 33.5 billion by 2030. Another estimate states the market size as USD 22.00 billion in 2025, projected to reach USD 39.39 billion by 2035.
- Automotive Connectors: The global automotive connector market size is calculated at USD 13.52 billion in 2025 and is expected to be worth USD 20.33 billion by 2030. Another report indicated the market was valued at USD 6.89 billion in 2023 and is projected to reach USD 10.72 billion by 2030.
Electronics Segment
- Driver Information Systems (including camera-based vision systems):
- Automotive Electronic Control Units (ECUs): The global automotive electronic control unit market size was valued at USD 114.3 billion in 2023 and is projected to reach USD 257.7 billion by 2035. Another report states the global market size reached USD 87.7 billion in 2024, with a projection to reach USD 133.4 billion by 2033.
- Automotive Camera-Based Vision Systems (e.g., 360-degree cameras, side-view cameras): The global automotive 360-degree camera market size was valued at USD 2.42 billion in 2025 and is projected to grow to USD 22.82 billion by 2034. The global automotive side-view camera system market was valued at USD 2.5 billion in 2023 and is expected to reach USD 4.12 billion in 2032. The broader automotive camera market was valued at USD 8.95 billion in 2025 and is estimated to reach USD 15.31 billion by 2031.
- Driver Monitoring Systems: The global driver monitoring system market size was estimated at USD 3.03 billion in 2024 and is projected to reach USD 8.10 billion by 2033. North America's driver monitoring system market accounted for 34.2% of the global share in 2024.
- Commercial Vehicle Driver Information System: The global Commercial Vehicle Driver Information System market size was valued at USD 4.72 billion in 2024 and is expected to grow to nearly USD 20.76 billion by 2032.
Stoneridge Brazil Segment
- Vehicle Tracking Devices/Systems and Telematics Solutions: The global automotive telematics market size was valued at USD 49.61 billion in 2025 and is predicted to increase to approximately USD 79.96 billion by 2034. Asia Pacific led the global market with the highest market share of 60% in 2024. Another report indicates the global automotive telematics market size was valued at USD 66.49 billion in 2024 and is projected to reach USD 306.85 billion by 2034.
The global vehicle tracking device market size was valued at USD 35.5 billion in 2024 and is estimated to register a CAGR of 10.6% between 2025 and 2034. The global commercial vehicle GPS tracker market was valued at USD 818 million in 2024 and is projected to grow to USD 1,396 million by 2032.
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For Stoneridge (SRI), the following are expected drivers of future revenue growth over the next 2-3 years:
- Continued Growth and Adoption of MirrorEye Camera Monitoring System: Stoneridge's MirrorEye system is consistently cited as a significant revenue growth engine. The company anticipates substantial growth in MirrorEye sales, driven by increasing OEM program take rates in Europe and North America, and the launch of new programs with major manufacturers like Daimler and Volvo. MirrorEye sales reached $111 million in 2025, representing a 69% year-over-year increase, and are expected to grow to at least $160 million in 2026.
- Launch and Expansion of New Electronics Programs and Content: Beyond MirrorEye, the Electronics segment is poised for growth through its robust product portfolio and a growing backlog of awarded programs. This includes new initiatives for secondary displays, the SmartTube Tachograph, and various electronic control products. Stoneridge expects growth from these new programs and incremental content to outperform its weighted average OEM end markets.
- Growth in the Stoneridge Brazil Segment: The Stoneridge Brazil segment is projected to contribute to revenue growth, primarily through an increase in local OEM sales and the successful execution of new program awards. This segment has shown significant increases in sales and operating income, with OEM sales almost doubling in 2025 compared to 2024.
- Strategic Focus on High-Growth, High-Return Businesses: The divestiture of the Control Devices segment in early 2026 allows Stoneridge to sharpen its focus on its higher-growth and higher-return businesses, specifically in advanced vision and safety systems, vehicle intelligence, and connectivity solutions within the commercial vehicle and off-highway markets. This strategic realignment is intended to streamline operations and enhance financial flexibility, thereby contributing to future revenue growth.
- Market Outperformance through Specific Growth Drivers: Stoneridge consistently aims to outperform its underlying OEM end markets. This outperformance is driven by the company's specific growth initiatives, including new program wins and the expansion of existing opportunities across its product portfolio. The company has a stated goal to drive market outperformance of 2 to 3 times over the long term.
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Share Repurchases
- Stoneridge did not have a Board-approved share repurchase program in effect in 2024 or 2023.
- Repurchases of common shares were primarily made to satisfy employee tax withholdings associated with the delivery of common shares earned through equity-based awards.
- Net cash used for the repurchase of common shares to satisfy employee tax withholding was approximately $0.34 million in 2025, $0.795 million in 2024, and $1.72 million in 2023.
Share Issuance
- No significant share issuances for capital raising purposes have been identified over the last 3-5 years.
Inbound Investments
- Royce & Associates LP disclosed a passive beneficial ownership of 5.02% of Stoneridge, Inc.'s outstanding common stock as of June 30, 2025, representing 1,398,597 shares, which is a secondary market investment.
Capital Expenditures
- Capital expenditures, including intangibles, were approximately $21.85 million in 2025, $24.30 million in 2024, and $38.50 million in 2023.
- In the fourth quarter of 2025, capital expenditures were $6.3 million, marking a 92.0% increase from the prior quarter.
- Following the sale of its Control Devices segment in January 2026, Stoneridge plans to dedicate its capital and resources to its remaining businesses, primarily Electronics and Stoneridge Brazil, to accelerate growth in vision and safety systems, vehicle intelligence, and connectivity solutions.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Stoneridge Earnings Notes | 12/16/2025 | |
| How Low Can Stoneridge Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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|---|---|---|---|---|---|---|---|
| 04302026 | FUN | Six Flags Entertainment | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 0.0% | 0.0% | 0.0% |
| 04242026 | MGM | MGM Resorts International | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -1.5% | -1.5% | -1.5% |
| 04242026 | WEN | Wendy's | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -2.5% | -2.5% | -5.3% |
| 04102026 | WHR | Whirlpool | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | -0.8% | -0.8% | -4.8% |
| 04022026 | SKY | Champion Homes | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.1% | 3.1% | -1.2% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 59.34 |
| Mkt Cap | 5.9 |
| Rev LTM | 9,061 |
| Op Inc LTM | 674 |
| FCF LTM | 599 |
| FCF 3Y Avg | 507 |
| CFO LTM | 945 |
| CFO 3Y Avg | 872 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.1% |
| Rev Chg 3Y Avg | 2.9% |
| Rev Chg Q | 3.4% |
| QoQ Delta Rev Chg LTM | 0.8% |
| Op Inc Chg LTM | -9.4% |
| Op Inc Chg 3Y Avg | 8.0% |
| Op Mgn LTM | 8.6% |
| Op Mgn 3Y Avg | 8.7% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 8.8% |
| CFO/Rev 3Y Avg | 10.2% |
| FCF/Rev LTM | 5.4% |
| FCF/Rev 3Y Avg | 6.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.9 |
| P/S | 0.7 |
| P/Op Inc | 8.9 |
| P/EBIT | 9.7 |
| P/E | 15.8 |
| P/CFO | 7.1 |
| Total Yield | 4.6% |
| Dividend Yield | 0.5% |
| FCF Yield 3Y Avg | 9.1% |
| D/E | 0.4 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 13.2% |
| 3M Rtn | -2.7% |
| 6M Rtn | 10.7% |
| 12M Rtn | 34.6% |
| 3Y Rtn | -14.1% |
| 1M Excs Rtn | 7.3% |
| 3M Excs Rtn | -9.4% |
| 6M Excs Rtn | 0.5% |
| 12M Excs Rtn | 14.6% |
| 3Y Excs Rtn | -93.1% |
Price Behavior
Price Behavior
| Market Price | $6.96 | |
| Market Cap ($ Bil) | 0.2 | |
| First Trading Date | 10/10/1997 | |
| Distance from 52W High | -24.1% | |
| 50 Days | 200 Days | |
| DMA Price | $6.28 | $6.89 |
| DMA Trend | down | down |
| Distance from DMA | 10.8% | 1.1% |
| 3M | 1YR | |
| Volatility | 75.0% | 65.7% |
| Downside Capture | 388.26 | 274.55 |
| Upside Capture | 182.84 | 233.88 |
| Correlation (SPY) | 56.1% | 50.5% |
SRI Betas & Captures as of 4/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.73 | 2.82 | 2.80 | 2.61 | 2.68 | 1.92 |
| Up Beta | 1.54 | 2.03 | 1.70 | 0.95 | 2.26 | 1.76 |
| Down Beta | 10.72 | 4.73 | 4.29 | 4.30 | 3.73 | 2.07 |
| Up Capture | 293% | 214% | 338% | 358% | 526% | 444% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 17 | 22 | 33 | 62 | 121 | 363 |
| Down Capture | 5% | 313% | 253% | 214% | 176% | 113% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 5 | 20 | 30 | 60 | 123 | 370 |
[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 SRI | |
|---|---|---|---|---|
| SRI | 53.1% | 66.6% | 0.92 | - |
| Sector ETF (XLY) | 17.9% | 18.7% | 0.74 | 50.8% |
| Equity (SPY) | 32.5% | 12.4% | 1.98 | 50.7% |
| Gold (GLD) | 41.3% | 26.9% | 1.26 | 2.1% |
| Commodities (DBC) | 50.3% | 18.5% | 2.06 | -16.0% |
| Real Estate (VNQ) | 12.8% | 13.5% | 0.65 | 32.2% |
| Bitcoin (BTCUSD) | -21.0% | 41.7% | -0.46 | 19.3% |
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 SRI | |
|---|---|---|---|---|
| SRI | -26.4% | 55.4% | -0.34 | - |
| Sector ETF (XLY) | 7.0% | 23.8% | 0.25 | 43.5% |
| Equity (SPY) | 13.7% | 17.1% | 0.63 | 44.7% |
| Gold (GLD) | 21.0% | 17.9% | 0.95 | 3.8% |
| Commodities (DBC) | 11.4% | 19.4% | 0.47 | 8.1% |
| Real Estate (VNQ) | 3.9% | 18.8% | 0.11 | 39.0% |
| Bitcoin (BTCUSD) | 7.2% | 55.9% | 0.34 | 20.0% |
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 SRI | |
|---|---|---|---|---|
| SRI | -6.7% | 49.8% | 0.06 | - |
| Sector ETF (XLY) | 12.7% | 22.0% | 0.53 | 46.8% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 47.4% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | -0.6% |
| Commodities (DBC) | 8.4% | 17.9% | 0.39 | 14.9% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 41.4% |
| Bitcoin (BTCUSD) | 68.2% | 66.8% | 1.07 | 13.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/12/2026 | -2.4% | -7.4% | -3.7% |
| 11/5/2025 | -16.3% | -11.9% | -15.1% |
| 8/6/2025 | 9.3% | 7.3% | 5.6% |
| 2/26/2025 | 20.7% | 40.7% | 21.7% |
| 10/30/2024 | -24.7% | -16.6% | -26.1% |
| 7/31/2024 | 6.2% | -12.7% | -15.6% |
| 2/28/2024 | -3.6% | -8.0% | 1.2% |
| 11/1/2023 | 2.6% | 0.0% | 3.6% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 9 | 9 | 10 |
| # Negative | 10 | 10 | 9 |
| Median Positive | 8.3% | 11.9% | 10.1% |
| Median Negative | -5.8% | -8.9% | -14.3% |
| Max Positive | 20.7% | 40.7% | 25.6% |
| Max Negative | -24.7% | -16.6% | -26.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/16/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 04/30/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 10/30/2024 | 10-Q |
| 06/30/2024 | 07/31/2024 | 10-Q |
| 03/31/2024 | 05/01/2024 | 10-Q |
| 12/31/2023 | 03/01/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/03/2023 | 10-Q |
| 12/31/2022 | 03/02/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 5/7/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 645.00 Mil | 657.50 Mil | 670.00 Mil | 3.0% | Raised | Guidance: 638.00 Mil for 2026 | |
| 2026 Adjusted Operating Margin | 0.0% | 0.25% | 0.5% | 0.5% | Raised | Guidance: -0.25% for 2026 | |
| 2026 Adjusted Gross Margin | 21.5% | 21.75% | 22.0% | 0.0% | Affirmed | Guidance: 21.75% for 2026 | |
| 2026 Adjusted EBITDA | 20.00 Mil | 22.50 Mil | 25.00 Mil | 0.0% | Affirmed | Guidance: 22.50 Mil for 2026 | |
Prior: Q4 2025 Earnings Reported 3/12/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 625.00 Mil | 638.00 Mil | 650.00 Mil | -26.2% | Lower New | Actual: 865.00 Mil for 2025 | |
| 2026 Adjusted EBITDA | 20.00 Mil | 22.50 Mil | 25.00 Mil | -27.4% | Lower New | Actual: 31.00 Mil for 2025 | |
| 2026 MirrorEye Revenue | 160.00 Mil | ||||||
| 2027 Revenue | 715.00 Mil | -17.3% | Lower New | Actual: 865.00 Mil for 2025 | |||
| 2027 Adjusted EBITDA | 44.00 Mil | 41.9% | Higher New | Actual: 31.00 Mil for 2025 | |||
| 2030 Revenue | 850.00 Mil | 925.00 Mil | 1.00 Bil | 6.9% | Higher New | Actual: 865.00 Mil for 2025 | |
| 2030 Adjusted EBITDA | 80.00 Mil | 100.00 Mil | 120.00 Mil | 222.6% | Higher New | Actual: 31.00 Mil for 2025 | |
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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