CTS Corporation
NYSE: CTS · TECHNOLOGY · ELECTRONIC COMPONENTS
Updated 2026-06-05
CTS Corporation (CTS) Financial statements
SEC filings — annual and quarterly data.
Balance sheet — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $527.83M | $543.69M | $488.45M | $407.66M | $482.58M | $480.81M | $561.07M | $480.26M | $456.93M | $484.13M | $517.70M | $537.68M | $548.34M | $643.35M | $626.05M | $664.46M | $748.49M | $741.17M | $766.11M | $764.31M |
| Cash & equivalents | $38.63M | $52.87M | $44.63M | $51.17M | $73.31M | $76.41M | $109.57M | $124.37M | $134.51M | $156.93M | $113.81M | $113.57M | $100.93M | $100.24M | $91.77M | $141.47M | $156.91M | $163.88M | $94.33M | $82.30M |
| Current assets | $227.62M | $250.84M | $225.84M | $193.74M | $266.65M | $283.39M | $309.56M | $236.27M | $240.40M | $251.98M | $215.71M | $233.61M | $239.36M | $237.48M | $233.23M | $289.09M | $325.76M | $319.35M | $244.28M | $252.71M |
| Total liabilities | $208.81M | $219.44M | $211.28M | $160.20M | $208.33M | $217.52M | $293.31M | $183.37M | $167.14M | $202.48M | $199.81M | $193.88M | $170.41M | $238.13M | $202.37M | $200.88M | $242.26M | $214.34M | $235.26M | $212.53M |
| Current liabilities | $125.68M | $128.92M | $113.24M | $90.52M | $120.10M | $124.24M | $114.92M | $94.95M | $79.98M | $101.35M | $98.13M | $102.41M | $103.99M | $96.95M | $104.93M | $114.07M | $112.53M | $97.04M | $97.55M | $109.69M |
| Long-term debt | $60.63M | $72.00M | $80.50M | $50.40M | $70.00M | $74.40M | $153.50M | $75.00M | $75.00M | $90.70M | $89.10M | $76.30M | $50.00M | $99.70M | $54.60M | $50.00M | $83.67M | $67.50M | $91.25M | $57.50M |
| Shareholder equity | $319.02M | $324.25M | $277.18M | $247.45M | $274.25M | $263.30M | $267.76M | $296.89M | $289.79M | $281.65M | $317.88M | $343.81M | $377.93M | $405.22M | $423.68M | $463.58M | $506.22M | $526.82M | $530.85M | $551.79M |
| Retained earnings | $315.37M | $336.55M | $362.39M | $317.58M | $335.52M | $352.20M | $367.80M | $359.00M | $380.14M | $381.84M | $410.98M | $420.16M | $478.85M | $509.77M | $539.28M | $492.24M | $546.70M | $602.23M | $655.49M | $713.47M |
| Accounts receivable | $106.01M | $100.66M | $94.17M | $71.72M | $95.93M | $88.34M | $89.34M | $62.67M | $56.89M | $54.56M | $62.61M | $70.58M | $79.52M | $78.01M | $80.98M | $82.19M | $90.94M | $78.57M | $77.65M | $88.10M |
| Inventory | $60.54M | $73.78M | $70.87M | $54.35M | $76.89M | $92.54M | $82.58M | $32.23M | $27.89M | $24.60M | $28.65M | $36.60M | $43.49M | $42.24M | $45.87M | $49.51M | $62.26M | $60.03M | $53.58M | $52.85M |
| Goodwill | $24.66M | $24.66M | $33.15M | $500000.00 | $500000.00 | $500000.00 | $36.35M | $32.05M | $32.05M | $33.87M | $61.74M | $69.05M | $71.06M | $106.06M | $109.50M | $109.80M | $152.36M | $157.64M | $199.89M | $209.61M |
Frequently asked questions
What is CTS Corporation's revenue?
CTS Corporation's trailing twelve-month revenue is $554.78M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is CTS?
In its most recent fiscal year, CTS ran a gross margin of 38.50%, an operating margin of 15.63%, and a net margin of 12.05%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does CTS generate?
CTS produced $86.37M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is CTS's balance sheet healthy?
CTS holds $82.30M in cash and equivalents against $57.50M in long-term debt, on $551.79M of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.