CTS (CTS) Financials

$37.49 +0.70 (+1.90%)

Closing price 03:59 PM Eastern

Extended Trading

$37.56 +0.07 (+0.20%)

As of 04:20 PM Eastern

Annual Income Statements for CTS

This table shows CTS's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	27	6.95	34	14	47	36	35	-42	60	61	58
Consolidated Net Income / (Loss)	27	6.95	34	14	47	36	35	-42	60	61	58
Net Income / (Loss) Continuing Operations	27	6.95	34	14	47	36	35	-42	60	61	58
Total Pre-Tax Income	39	12	57	40	58	50	45	-61	81	75	71
Total Operating Income	42	18	63	38	61	54	45	76	93	75	73
Total Gross Profit	130	127	140	140	165	158	139	185	211	191	189
Total Revenue	404	382	397	423	470	469	424	513	587	550	516
Operating Revenue	404	382	397	423	470	469	424	513	587	550	516
Total Cost of Revenue	274	255	256	283	306	311	285	328	376	360	327
Operating Cost of Revenue	274	255	256	283	306	311	285	328	376	360	327
Total Operating Expenses	88	109	77	102	104	104	94	108	118	116	116
Selling, General & Admin Expense	61	60	62	72	74	70	68	83	92	84	88
Research & Development Expense	23	22	24	25	25	26	24	24	24	25	23
Restructuring Charge	5.94	15	3.05	4.14	5.06	7.45	1.83	1.69	1.91	7.07	4.70
Total Other Income / (Expense), net	-2.98	-5.85	-5.92	1.76	-2.94	-3.55	0.35	-137	-12	0.10	-1.56
Interest Expense	2.33	2.63	3.70	3.34	2.09	2.65	3.27	2.11	2.19	3.33	4.24
Interest & Investment Income	2.79	3.07	1.31	1.28	1.83	1.74	1.05	0.84	1.33	4.63	4.28
Other Income / (Expense), net	-3.44	-6.30	-3.52	3.82	-2.68	-2.64	2.58	-136	-11	-1.19	-1.60
Income Tax Expense	13	5.31	23	26	12	14	11	-19	21	15	13
Basic Earnings per Share	$0.79	$0.21	$1.05	$0.44	$1.41	$1.11	$1.07	($1.30)	$1.86	$1.93	$1.91
Weighted Average Basic Shares Outstanding	33.62M	32.96M	32.73M	32.89M	33.02M	32.70M	32.32M	32.33M	31.97M	31.36M	30.41M
Diluted Earnings per Share	$0.78	$0.21	$1.03	$0.43	$1.39	$1.09	$1.06	($1.30)	$1.85	$1.92	$1.89
Weighted Average Diluted Shares Outstanding	34.13M	33.48M	33.25M	33.42M	33.57M	33.11M	32.58M	32.33M	32.24M	31.58M	30.72M
Weighted Average Basic & Diluted Shares Outstanding	33.60M	33.10M	32.70M	32.80M	33M	64.87M	32.35M	32.15M	31.67M	30.79M	30.04M
Cash Dividends to Common per Share	$0.16	$0.16	$0.16	$0.16	$0.16	$0.16	$0.16	$0.16	$0.16	$0.16	$0.16

This table shows CTS's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	12	15	18	13	14	15	11	15	19	14
Consolidated Net Income / (Loss)	12	15	18	13	14	15	11	15	19	14
Net Income / (Loss) Continuing Operations	12	15	18	13	14	15	11	15	19	14
Total Pre-Tax Income	17	21	23	16	19	18	14	18	22	17
Total Operating Income	23	22	22	18	18	16	15	18	21	19
Total Gross Profit	53	51	52	51	46	42	45	46	50	48
Total Revenue	152	142	146	145	135	125	126	130	132	127
Operating Revenue	152	142	146	145	135	125	126	130	132	127
Total Cost of Revenue	99	91	94	94	88	83	81	84	83	80
Operating Cost of Revenue	99	91	94	94	88	83	81	84	83	80
Total Operating Expenses	31	29	29	32	28	26	31	29	28	29
Selling, General & Admin Expense	24	23	22	24	19	19	22	21	23	22
Research & Development Expense	6.21	5.41	6.59	6.72	6.32	5.29	6.60	6.09	5.03	5.67
Restructuring Charge	0.49	0.48	0.91	1.90	3.23	1.04	1.69	1.19	0.77	1.04
Total Other Income / (Expense), net	-5.35	-0.86	0.53	-2.35	0.55	1.37	-0.88	0.01	0.97	-1.66
Interest Expense	0.34	0.70	0.69	0.82	1.00	0.82	0.80	0.83	1.31	1.30
Interest & Investment Income	0.17	0.72	1.06	1.07	0.95	1.54	1.39	1.44	0.97	0.48
Other Income / (Expense), net	-5.17	-0.87	0.17	-2.61	0.59	0.66	-1.46	-0.60	1.31	-0.84
Income Tax Expense	5.50	5.83	4.37	3.18	4.77	2.31	2.54	3.06	3.76	3.74
Basic Earnings per Share	$0.37	$0.47	$0.58	$0.41	$0.45	$0.49	$0.36	$0.48	$0.62	$0.45
Weighted Average Basic Shares Outstanding	31.87M	31.97M	31.63M	31.49M	31.30M	31.36M	30.74M	30.51M	30.30M	30.41M
Diluted Earnings per Share	$0.37	$0.46	$0.58	$0.41	$0.44	$0.49	$0.36	$0.48	$0.61	$0.44
Weighted Average Diluted Shares Outstanding	32.09M	32.24M	31.89M	31.69M	31.51M	31.58M	30.99M	30.73M	30.54M	30.72M
Weighted Average Basic & Diluted Shares Outstanding	31.88M	31.67M	31.54M	31.36M	31.16M	30.79M	30.57M	30.37M	30.12M	30.04M
Cash Dividends to Common per Share	$0.04	$0.04	$0.04	$0.04	$0.04	$0.04	$0.04	$0.04	$0.04	$0.04

This table details how cash moves in and out of CTS's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	10	22	-43	-0.23	-13	-0.69	-8.47	50	15	6.97	-70
Net Cash From Operating Activities	33	39	47	58	58	64	77	86	121	89	99
Net Cash From Continuing Operating Activities	33	39	47	58	58	64	77	86	121	89	99
Net Income / (Loss) Continuing Operations	27	6.95	34	14	47	36	35	-42	60	61	58
Consolidated Net Income / (Loss)	27	6.95	34	14	47	36	35	-42	60	61	58
Depreciation Expense	17	16	19	21	23	25	27	27	30	29	31
Non-Cash Adjustments To Reconcile Net Income	6.69	24	-8.75	17	5.60	8.11	8.77	140	11	3.23	12
Changes in Operating Assets and Liabilities, net	-15	-5.47	4.18	6.37	-16	-4.47	6.65	-39	21	-3.66	-1.36
Net Cash From Investing Activities	-8.00	-9.13	-81	-37	-28	-96	-23	-16	-111	-18	-141
Net Cash From Continuing Investing Activities	-8.00	-9.13	-81	-37	-28	-96	-23	-16	-111	-18	-141
Purchase of Property, Plant & Equipment	-13	-9.72	-21	-18	-28	-22	-15	-16	-14	-15	-19
Acquisitions	0.00	-1.29	-73	-19	0.00	-74	-8.31	-0.26	-97	-3.36	-122
Net Cash From Financing Activities	-16	-7.83	-8.64	-21	-42	30	-61	-21	4.34	-65	-28
Net Cash From Continuing Financing Activities	-16	-7.83	-8.64	-21	-42	30	-61	-21	4.34	-65	-28
Repayment of Debt	-1,034	-1,344	-2,458	-1,519	-1,060	-1,886	-3,793	-809	-723	-775	-892
Repurchase of Common Equity	-8.00	-18	0.00	0.00	-9.44	-12	-8.08	-8.79	-21	-41	-43
Payment of Dividends	-5.37	-5.29	-5.23	-5.26	-5.29	-5.24	-5.18	-5.17	-5.13	-5.04	-4.89
Issuance of Debt	1,031	1,359	2,457	1,505	1,034	1,936	3,747	804	757	758	916
Other Financing Activities, net	0.58	-0.15	-1.81	-1.60	-1.47	-2.66	-2.97	-2.15	-2.72	-3.26	-4.21
Effect of Exchange Rate Changes	0.72	0.23	-0.42	-0.79	0.19	0.35	-0.75	0.16	1.10	1.65	-0.34
Cash Interest Paid	2.11	2.42	2.94	2.13	1.58	1.96	2.60	1.95	2.02	3.13	4.23
Cash Income Taxes Paid	7.99	6.78	10	11	9.92	11	12	17	20	20	17

This table details how cash moves in and out of CTS's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	49	9.00	-13	7.34	9.23	3.76	-1.45	-1.18	-66	-0.54
Net Cash From Operating Activities	60	25	11	23	22	32	18	20	35	26
Net Cash From Continuing Operating Activities	60	25	11	23	22	32	18	20	35	26
Net Income / (Loss) Continuing Operations	12	15	18	13	14	15	11	15	19	14
Consolidated Net Income / (Loss)	12	15	18	13	14	15	11	15	19	14
Depreciation Expense	7.96	8.03	6.92	7.26	7.25	7.29	7.33	7.33	7.99	8.28
Non-Cash Adjustments To Reconcile Net Income	2.13	2.54	2.64	2.28	-3.37	1.68	2.14	0.29	4.74	4.45
Changes in Operating Assets and Liabilities, net	38	-0.04	-17	0.99	4.28	7.78	-2.27	-2.70	3.99	-0.38
Net Cash From Investing Activities	-2.27	-5.40	-7.90	-3.95	-2.75	-3.50	-4.04	-4.64	-126	-6.10
Net Cash From Continuing Investing Activities	-2.27	-5.40	-7.90	-3.95	-2.75	-3.50	-4.04	-4.64	-126	-6.10
Purchase of Property, Plant & Equipment	-2.27	-5.07	-4.54	-3.95	-2.75	-3.50	-4.04	-4.64	-3.87	-6.10
Net Cash From Financing Activities	-8.77	-11	-17	-13	-9.97	-25	-16	-16	25	-20
Net Cash From Continuing Financing Activities	-8.77	-11	-17	-13	-9.97	-25	-16	-16	25	-20
Repayment of Debt	-218	-205	-204	-46	-344	-181	-168	-168	-266	-291
Repurchase of Common Equity	-1.78	-8.00	-8.80	-8.76	-8.33	-15	-12	-11	-12	-7.81
Payment of Dividends	-1.28	-1.28	-1.27	-1.26	-1.26	-1.25	-1.23	-1.23	-1.22	-1.21
Issuance of Debt	212	203	201	42	343	172	168	165	303	280
Other Financing Activities, net	-0.16	-0.17	-3.14	-0.10	-0.01	-0.01	-3.12	-1.09	-0.02	0.02
Effect of Exchange Rate Changes	-0.18	0.23	-0.04	1.21	-0.18	0.66	0.58	-0.42	-0.55	0.05
Cash Interest Paid	0.55	0.50	0.93	0.79	0.63	0.78	0.74	0.82	1.22	1.45
Cash Income Taxes Paid	5.00	7.47	4.20	5.53	5.40	5.11	3.80	4.27	4.08	4.46

This table presents CTS's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	457	483	518	540	548	643	626	664	748	741	766
Total Current Assets	240	246	216	234	239	237	233	289	326	319	244
Cash & Equivalents	135	157	114	114	101	100	92	141	157	164	94
Accounts Receivable	57	55	63	71	80	78	81	82	91	79	78
Inventories, net	28	25	29	37	43	42	46	50	62	60	54
Other Current Assets	21	9.86	11	13	15	17	15	16	16	17	19
Plant, Property, & Equipment, net	71	70	82	88	99	105	97	97	97	93	94
Total Noncurrent Assets	145	168	220	218	210	301	295	278	325	329	427
Goodwill	32	34	62	71	71	106	109	110	152	158	200
Intangible Assets	37	35	64	67	60	85	79	70	108	104	164
Noncurrent Deferred & Refundable Income Taxes	43	64	46	21	22	20	24	25	23	25	28
Employee Benefit Assets	32	34	46	57	54	62	57	49	0.00	0.00	0.00
Other Noncurrent Operating Assets	1.25	1.34	1.74	2.10	2.04	28	26	24	42	42	36
Total Liabilities & Shareholders' Equity	457	483	518	540	548	643	626	664	748	741	766
Total Liabilities	167	202	200	196	170	238	202	201	242	214	235
Total Current Liabilities	80	95	98	102	104	97	105	114	113	97	98
Accounts Payable	43	40	40	49	52	48	50	56	53	43	43
Accrued Expenses	25	47	46	41	37	36	38	37	35	35	34
Current Employee Benefit Liabilities	11	7.15	11	12	15	9.56	13	18	20	15	16
Other Current Liabilities	-	-	-	-	0.00	2.79	3.29	3.39	3.94	4.39	4.72
Total Noncurrent Liabilities	87	107	102	93	66	141	97	87	130	117	138
Long-Term Debt	75	91	89	76	50	100	55	50	84	68	91
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	2.37	3.80	3.99	5.64	7.01	5.89	16	15	13
Noncurrent Employee Benefit Liabilities	-	-	-	-	-	6.63	7.47	6.89	5.05	4.66	3.93
Other Noncurrent Operating Liabilities	9.11	9.17	3.21	6.18	5.92	29	28	24	25	30	30
Commitments & Contingencies	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	290	282	318	344	378	405	424	464	506	527	531
Total Preferred & Common Equity	290	282	318	344	378	405	424	464	506	527	531
Total Common Equity	290	282	318	344	378	405	424	464	506	527	531
Common Stock	339	342	343	346	350	352	353	357	363	364	367
Retained Earnings	380	382	411	420	479	510	539	492	547	602	655
Treasury Stock	-325	-343	-343	-343	-353	-364	-373	-381	-403	-444	-487
Accumulated Other Comprehensive Income / (Loss)	-104	-99	-93	-79	-98	-92	-96	-4.53	-0.67	4.26	-4.27

This table presents CTS's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	735	747	756	754	733	726	789
Total Current Assets	326	323	330	334	318	315	256
Cash & Equivalents	148	144	151	160	162	161	95
Accounts Receivable	97	98	98	90	81	85	86
Inventories, net	63	63	63	65	58	52	57
Other Current Assets	18	18	19	19	17	17	17
Plant, Property, & Equipment, net	96	96	95	93	92	92	93
Total Noncurrent Assets	312	328	331	327	323	319	440
Goodwill	139	156	156	154	156	156	195
Intangible Assets	106	110	109	104	100	97	181
Noncurrent Deferred & Refundable Income Taxes	23	23	23	24	26	27	27
Employee Benefit Assets	0.01	-	0.00	0.00	-	0.00	0.00
Other Noncurrent Operating Assets	44	39	44	45	41	39	38
Total Liabilities & Shareholders' Equity	735	747	756	754	733	726	789
Total Liabilities	244	233	235	231	212	203	259
Total Current Liabilities	122	106	107	103	96	92	104
Accounts Payable	66	53	53	50	46	41	45
Accrued Expenses	36	37	35	36	33	32	37
Current Employee Benefit Liabilities	17	12	14	13	13	15	17
Other Current Liabilities	3.53	4.03	4.29	4.44	4.40	4.37	4.59
Total Noncurrent Liabilities	122	127	127	128	116	110	155
Long-Term Debt	85	80	77	77	68	65	103
Noncurrent Deferred & Payable Income Tax Liabilities	5.52	16	16	15	14	14	14
Noncurrent Employee Benefit Liabilities	6.25	5.02	5.02	4.96	4.62	4.58	4.56
Other Noncurrent Operating Liabilities	25	26	29	31	29	27	34
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	491	514	521	523	521	523	531
Total Preferred & Common Equity	491	514	521	523	521	523	531
Total Common Equity	491	514	521	523	521	523	531
Common Stock	361	361	363	364	362	363	365
Retained Earnings	533	564	575	588	612	626	643
Treasury Stock	-395	-412	-420	-429	-456	-467	-479
Accumulated Other Comprehensive Income / (Loss)	-8.85	0.70	3.69	-0.68	2.94	0.78	2.02

This table displays calculated financial ratios and metrics derived from CTS's official financial filings.

Metric	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.33%	-5.37%	3.76%	6.63%	11.23%	-0.32%	-9.58%	20.95%	14.42%	-6.21%	-6.30%
EBITDA Growth	9.92%	-52.18%	200.69%	-18.24%	28.40%	-6.28%	-1.88%	-143.94%	440.76%	-7.89%	-0.46%
EBIT Growth	100.19%	-69.62%	404.76%	-29.06%	37.93%	-12.31%	-6.79%	-224.96%	236.90%	-9.49%	-3.63%
NOPAT Growth	1,358.87%	-63.99%	269.28%	-63.58%	253.79%	-20.83%	-11.06%	55.54%	28.19%	-11.92%	-1.76%
Net Income Growth	775.03%	-73.78%	394.39%	-57.98%	222.07%	-22.32%	-4.04%	-220.70%	242.30%	1.61%	-3.99%
EPS Growth	750.00%	-73.08%	390.48%	-58.25%	223.26%	-21.58%	-2.75%	-222.64%	242.31%	3.78%	-1.56%
Operating Cash Flow Growth	-11.24%	17.40%	20.56%	22.98%	0.18%	10.75%	19.22%	12.19%	40.70%	-26.72%	11.80%
Free Cash Flow Firm Growth	-31.19%	-44.90%	-262.45%	103.59%	1,837.25%	-237.17%	234.90%	29.18%	-88.58%	712.00%	-160.23%
Invested Capital Growth	-6.90%	-6.45%	36.56%	4.20%	6.68%	23.76%	-4.49%	-3.72%	16.36%	-0.59%	22.61%
Revenue Q/Q Growth	-0.49%	-1.82%	2.14%	2.25%	1.99%	-1.06%	1.92%	1.89%	1.69%	-3.10%	0.53%
EBITDA Q/Q Growth	-10.59%	-31.26%	18.35%	-14.36%	25.71%	-3.91%	9.89%	-17.38%	6.66%	-4.28%	2.25%
EBIT Q/Q Growth	5.78%	-43.82%	27.40%	-20.92%	37.73%	-6.40%	15.55%	-8.53%	7.40%	-4.95%	1.79%
NOPAT Q/Q Growth	-22.95%	-62.63%	176.40%	-62.87%	199.51%	-17.62%	11.42%	1.73%	6.12%	-2.16%	1.34%
Net Income Q/Q Growth	29.24%	-70.57%	176.88%	-60.28%	203.20%	-17.19%	16.40%	-16.03%	10.73%	0.63%	-2.87%
EPS Q/Q Growth	59.18%	-16.00%	45.07%	-67.42%	215.91%	-17.42%	15.22%	-16.07%	11.45%	1.59%	-2.58%
Operating Cash Flow Q/Q Growth	21.63%	-7.06%	-3.86%	-3.42%	8.41%	14.34%	5.23%	-1.67%	-0.46%	8.04%	-5.80%
Free Cash Flow Firm Q/Q Growth	-41.22%	-52.66%	-5.31%	-88.06%	328.84%	-4.60%	7.19%	9.03%	-49.41%	24.12%	7.04%
Invested Capital Q/Q Growth	-11.75%	-8.47%	2.21%	-1.99%	1.41%	-0.50%	-0.52%	-1.78%	1.12%	-2.00%	-2.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	32.17%	33.25%	35.40%	33.20%	35.06%	33.60%	32.79%	35.99%	35.87%	34.68%	36.67%
EBITDA Margin	13.26%	6.70%	19.42%	14.89%	17.19%	16.16%	17.54%	-6.37%	18.97%	18.63%	19.80%
Operating Margin	10.48%	4.74%	15.92%	9.10%	12.97%	11.47%	10.64%	14.91%	15.85%	13.64%	14.11%
EBIT Margin	9.63%	3.09%	15.04%	10.00%	12.40%	10.91%	11.25%	-11.62%	13.90%	13.42%	13.80%
Profit (Net Income) Margin	6.56%	1.82%	8.67%	3.42%	9.89%	7.71%	8.18%	-8.16%	10.15%	11.00%	11.27%
Tax Burden Percent	67.40%	56.72%	60.06%	35.89%	80.09%	71.91%	76.27%	68.77%	73.79%	80.55%	81.59%
Interest Burden Percent	101.18%	103.77%	95.98%	95.13%	99.56%	98.22%	95.34%	102.13%	98.94%	101.75%	100.06%
Effective Tax Rate	32.60%	43.28%	39.94%	64.11%	19.91%	28.09%	23.73%	0.00%	26.21%	19.46%	18.41%
Return on Invested Capital (ROIC)	11.95%	4.61%	14.89%	4.60%	15.43%	10.58%	8.70%	14.11%	17.05%	14.00%	12.39%
ROIC Less NNEP Spread (ROIC-NNEP)	15.63%	9.89%	22.80%	2.53%	20.76%	20.49%	7.29%	162.44%	28.04%	13.91%	14.95%
Return on Net Nonoperating Assets (RNNOA)	-2.90%	-2.18%	-3.42%	-0.23%	-2.54%	-1.35%	-0.33%	-23.55%	-4.76%	-2.28%	-1.41%
Return on Equity (ROE)	9.04%	2.43%	11.47%	4.37%	12.89%	9.23%	8.37%	-9.44%	12.29%	11.72%	10.99%
Cash Return on Invested Capital (CROIC)	19.10%	11.28%	-16.02%	0.49%	8.97%	-10.66%	13.29%	17.91%	1.93%	14.59%	-7.92%
Operating Return on Assets (OROA)	8.30%	2.51%	11.92%	8.00%	10.73%	8.59%	7.52%	-9.24%	11.55%	9.92%	9.44%
Return on Assets (ROA)	5.66%	1.48%	6.87%	2.73%	8.55%	6.07%	5.46%	-6.49%	8.43%	8.13%	7.71%
Return on Common Equity (ROCE)	9.04%	2.43%	11.47%	4.37%	12.89%	9.23%	8.37%	-9.44%	12.29%	11.72%	10.99%
Return on Equity Simple (ROE_SIMPLE)	9.15%	2.47%	10.82%	4.20%	12.31%	8.92%	8.19%	-9.03%	11.77%	11.49%	10.95%
Net Operating Profit after Tax (NOPAT)	29	10	38	14	49	39	34	54	69	60	59
NOPAT Margin	7.06%	2.69%	9.56%	3.27%	10.39%	8.25%	8.12%	10.44%	11.69%	10.98%	11.51%
Net Nonoperating Expense Percent (NNEP)	-3.68%	-5.28%	-7.91%	2.07%	-5.33%	-9.92%	1.42%	-148.33%	-10.99%	0.10%	-2.55%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	11.63%	10.17%	9.55%
Cost of Revenue to Revenue	67.83%	66.75%	64.60%	66.80%	64.94%	66.40%	67.21%	64.01%	64.13%	65.33%	63.33%
SG&A Expenses to Revenue	15.11%	15.59%	15.54%	17.01%	15.64%	15.01%	15.99%	16.10%	15.59%	15.23%	17.12%
R&D to Revenue	5.58%	5.88%	6.06%	5.94%	5.38%	5.54%	5.73%	4.65%	4.11%	4.53%	4.53%
Operating Expenses to Revenue	21.69%	28.51%	19.48%	24.10%	22.09%	22.12%	22.15%	21.08%	20.03%	21.04%	22.56%
Earnings before Interest and Taxes (EBIT)	39	12	60	42	58	51	48	-60	82	74	71
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	54	26	77	63	81	76	74	-33	111	103	102
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.95	1.95	2.22	2.39	2.21	2.36	2.58	2.53	2.47	2.58	2.99
Price to Tangible Book Value (P/TBV)	2.55	2.58	3.68	3.99	3.38	4.48	4.65	4.13	5.08	5.12	9.50
Price to Revenue (P/Rev)	1.40	1.44	1.78	1.94	1.77	2.04	2.58	2.28	2.13	2.47	3.08
Price to Earnings (P/E)	21.28	78.97	20.54	56.87	17.93	26.50	31.49	0.00	20.95	22.44	27.33
Dividend Yield	0.95%	0.95%	0.74%	0.64%	0.63%	0.54%	0.59%	0.44%	0.41%	0.37%	0.30%
Earnings Yield	4.70%	1.27%	4.87%	1.76%	5.58%	3.77%	3.18%	0.00%	4.77%	4.46%	3.66%
Enterprise Value to Invested Capital (EV/IC)	2.19	2.24	2.32	2.56	2.40	2.37	2.73	2.90	2.71	2.93	3.00
Enterprise Value to Revenue (EV/Rev)	1.25	1.26	1.72	1.85	1.67	2.04	2.49	2.11	2.00	2.29	3.07
Enterprise Value to EBITDA (EV/EBITDA)	9.42	18.85	8.86	12.45	9.69	12.63	14.18	0.00	10.55	12.30	15.52
Enterprise Value to EBIT (EV/EBIT)	12.98	40.87	11.44	18.54	13.42	18.71	22.11	0.00	14.40	17.09	22.27
Enterprise Value to NOPAT (EV/NOPAT)	17.70	47.01	17.99	56.77	16.03	24.74	30.65	20.18	17.12	20.88	26.69
Enterprise Value to Operating Cash Flow (EV/OCF)	15.14	12.34	14.46	13.51	13.47	14.87	13.74	12.54	9.69	14.21	15.96
Enterprise Value to Free Cash Flow (EV/FCFF)	11.07	19.22	0.00	534.72	27.57	0.00	20.06	15.91	151.43	20.04	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.26	0.32	0.28	0.22	0.13	0.25	0.13	0.11	0.17	0.13	0.17
Long-Term Debt to Equity	0.26	0.32	0.28	0.22	0.13	0.25	0.13	0.11	0.17	0.13	0.17
Financial Leverage	-0.19	-0.22	-0.15	-0.09	-0.12	-0.07	-0.05	-0.15	-0.17	-0.16	-0.09
Leverage Ratio	1.60	1.65	1.67	1.60	1.51	1.52	1.53	1.45	1.46	1.44	1.43
Compound Leverage Factor	1.62	1.71	1.60	1.52	1.50	1.49	1.46	1.49	1.44	1.47	1.43
Debt to Total Capital	20.56%	24.36%	22.09%	18.16%	11.68%	19.75%	11.42%	9.74%	14.18%	11.36%	14.67%
Short-Term Debt to Total Capital	0.00%	0.00%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	20.56%	24.36%	21.84%	18.16%	11.68%	19.75%	11.42%	9.74%	14.18%	11.36%	14.67%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	79.44%	75.64%	77.91%	81.84%	88.32%	80.25%	88.58%	90.26%	85.82%	88.64%	85.33%
Debt to EBITDA	1.40	3.54	1.17	1.21	0.62	1.32	0.73	-1.53	0.75	0.66	0.89
Net Debt to EBITDA	-1.11	-2.59	-0.31	-0.59	-0.63	-0.01	-0.50	2.80	-0.66	-0.94	-0.03
Long-Term Debt to EBITDA	1.40	3.54	1.16	1.21	0.62	1.32	0.73	-1.53	0.75	0.66	0.89
Debt to NOPAT	2.63	8.83	2.38	5.52	1.02	2.58	1.59	0.93	1.22	1.12	1.54
Net Debt to NOPAT	-2.09	-6.45	-0.62	-2.70	-1.04	-0.01	-1.08	-1.71	-1.07	-1.59	-0.05
Long-Term Debt to NOPAT	2.63	8.83	2.35	5.52	1.02	2.58	1.59	0.93	1.22	1.12	1.54
Altman Z-Score	4.78	3.99	4.65	4.94	5.67	4.78	5.62	5.33	5.60	6.37	6.46
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.01	2.60	2.20	2.28	2.30	2.45	2.22	2.53	2.89	3.29	2.50
Quick Ratio	2.39	2.24	1.80	1.80	1.74	1.84	1.65	1.96	2.20	2.50	1.76
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	46	25	-41	1.47	28	-39	53	68	7.76	63	-38
Operating Cash Flow to CapEx	416.97%	499.06%	575.35%	330.70%	204.15%	298.23%	516.78%	550.74%	845.58%	602.60%	532.55%
Free Cash Flow to Firm to Interest Expense	19.61	9.56	-11.03	0.44	13.63	-14.72	16.07	32.18	3.54	18.91	-8.96
Operating Cash Flow to Interest Expense	14.34	14.90	12.75	17.36	27.89	24.32	23.47	40.81	55.29	26.66	23.44
Operating Cash Flow Less CapEx to Interest Expense	10.90	11.91	10.53	12.11	14.23	16.17	18.93	33.40	48.75	22.24	19.04
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.86	0.81	0.79	0.80	0.86	0.79	0.67	0.79	0.83	0.74	0.68
Accounts Receivable Turnover	6.76	6.86	6.77	6.35	6.27	5.95	5.33	6.29	6.78	6.49	6.60
Inventory Turnover	9.12	9.72	9.62	8.66	7.63	7.27	6.47	6.88	6.73	5.88	5.75
Fixed Asset Turnover	5.52	5.41	5.22	4.97	5.01	4.59	4.19	5.28	6.04	5.80	5.52
Accounts Payable Turnover	6.06	6.10	6.38	6.33	6.04	6.22	5.77	6.19	6.92	7.44	7.58
Days Sales Outstanding (DSO)	54.01	53.21	53.91	57.47	58.22	61.30	68.42	58.06	53.84	56.20	55.28
Days Inventory Outstanding (DIO)	40.03	37.53	37.93	42.14	47.84	50.24	56.42	53.02	54.20	62.07	63.48
Days Payable Outstanding (DPO)	60.20	59.81	57.22	57.64	60.44	58.72	63.21	58.94	52.74	49.09	48.12
Cash Conversion Cycle (CCC)	33.84	30.93	34.61	41.97	45.62	52.82	61.63	52.14	55.30	69.19	70.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	230	215	294	307	327	405	387	372	433	430	528
Invested Capital Turnover	1.69	1.72	1.56	1.41	1.49	1.28	1.07	1.35	1.46	1.28	1.08
Increase / (Decrease) in Invested Capital	-17	-15	79	12	20	78	-18	-14	61	-2.54	97
Enterprise Value (EV)	505	483	682	784	783	957	1,055	1,081	1,175	1,262	1,585
Market Capitalization	564	549	706	822	834	958	1,092	1,172	1,248	1,358	1,588
Book Value per Share	$8.66	$8.63	$9.70	$10.44	$11.42	$12.43	$13.13	$14.39	$15.88	$16.91	$17.63
Tangible Book Value per Share	$6.61	$6.53	$5.85	$6.25	$7.46	$6.56	$7.28	$8.81	$7.71	$8.51	$5.55
Total Capital	365	372	408	420	428	505	478	514	590	594	622
Total Debt	75	91	90	76	50	100	55	50	84	68	91
Total Long-Term Debt	75	91	89	76	50	100	55	50	84	68	91
Net Debt	-60	-66	-24	-37	-51	-0.54	-37	-91	-73	-96	-3.08
Capital Expenditures (CapEx)	8.00	7.85	8.20	18	28	22	15	16	14	15	19
Debt-free, Cash-free Net Working Capital (DFCFNWC)	26	-5.59	4.78	18	34	40	37	34	56	58	52
Debt-free Net Working Capital (DFNWC)	160	151	119	131	135	141	128	175	213	222	147
Net Working Capital (NWC)	160	151	118	131	135	141	128	175	213	222	147
Net Nonoperating Expense (NNE)	2.01	3.32	3.56	-0.63	2.35	2.55	-0.27	95	9.05	-0.08	1.27
Net Nonoperating Obligations (NNO)	-60	-66	-24	-37	-51	-0.54	-37	-91	-73	-96	-3.08
Total Depreciation and Amortization (D&A)	15	14	17	21	23	25	27	27	30	29	31
Debt-free, Cash-free Net Working Capital to Revenue	6.41%	-1.46%	1.20%	4.17%	7.32%	8.59%	8.61%	6.54%	9.60%	10.62%	10.16%
Debt-free Net Working Capital to Revenue	39.71%	39.58%	29.89%	31.02%	28.77%	29.96%	30.25%	34.12%	36.33%	40.39%	28.45%
Net Working Capital to Revenue	39.71%	39.58%	29.64%	31.02%	28.77%	29.96%	30.25%	34.12%	36.33%	40.39%	28.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.79	$0.21	$1.05	$0.44	$1.41	$1.11	$1.07	($1.30)	$1.86	$1.93	$1.91
Adjusted Weighted Average Basic Shares Outstanding	33.62M	32.96M	32.73M	32.89M	33.02M	32.70M	32.32M	32.33M	31.97M	31.36M	30.41M
Adjusted Diluted Earnings per Share	$0.78	$0.21	$1.03	$0.43	$1.39	$1.09	$1.06	($1.30)	$1.85	$1.92	$1.89
Adjusted Weighted Average Diluted Shares Outstanding	34.13M	33.48M	33.25M	33.42M	33.57M	33.11M	32.58M	32.33M	32.24M	31.58M	30.72M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	33.44M	32.58M	32.76M	32.94M	32.73M	64.87M	32.35M	32.15M	31.67M	30.79M	30.04M
Normalized Net Operating Profit after Tax (NOPAT)	31	26	33	30	53	44	36	55	70	66	63
Normalized NOPAT Margin	7.73%	6.69%	8.29%	7.17%	11.25%	9.38%	8.45%	10.67%	11.93%	12.02%	12.26%
Pre Tax Income Margin	9.74%	3.21%	14.43%	9.52%	12.35%	10.72%	10.72%	-11.87%	13.76%	13.65%	13.81%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	16.72	4.50	16.11	12.66	27.99	19.33	14.58	-28.24	37.23	22.17	16.80
NOPAT to Interest Expense	12.26	3.91	10.25	4.13	23.44	14.61	10.52	25.36	31.31	18.15	14.02
EBIT Less CapEx to Interest Expense	13.28	1.51	13.89	7.41	14.33	11.17	10.04	-35.65	30.69	17.75	12.40
NOPAT Less CapEx to Interest Expense	8.83	0.92	8.03	-1.12	9.78	6.46	5.98	17.95	24.77	13.72	9.62
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	20.26%	76.09%	15.22%	36.41%	11.36%	14.49%	14.93%	-12.36%	8.61%	8.33%	8.41%
Augmented Payout Ratio	50.43%	336.20%	15.22%	36.41%	31.64%	46.99%	38.23%	-33.34%	44.61%	75.94%	81.70%

This table displays calculated financial ratios and metrics derived from CTS's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	24.13%	7.36%	-1.15%	0.14%	-11.43%	-12.36%	-13.87%	-10.35%	-1.58%	2.20%
EBITDA Growth	130.71%	31.83%	-10.96%	-4.92%	2.35%	-15.94%	-30.28%	6.08%	18.22%	9.27%
EBIT Growth	119.52%	37.15%	-14.45%	-8.31%	7.49%	-18.53%	-41.48%	8.44%	21.29%	7.40%
NOPAT Growth	16.32%	35.83%	-12.51%	-12.47%	-12.19%	-9.19%	-33.94%	-0.55%	31.80%	5.49%
Net Income Growth	118.46%	63.01%	-9.36%	2.37%	18.42%	2.54%	-39.39%	14.03%	33.73%	-11.19%
EPS Growth	118.78%	70.37%	-7.94%	5.13%	18.92%	6.52%	-37.93%	17.07%	38.64%	-10.20%
Operating Cash Flow Growth	183.08%	-2.17%	-42.00%	45.78%	-63.34%	25.97%	63.70%	-16.19%	59.91%	-19.07%
Free Cash Flow Firm Growth	-247.63%	-275.29%	-2,190.52%	161.08%	107.45%	136.78%	225.78%	-21.35%	-3,330.92%	-594.52%
Invested Capital Growth	13.02%	16.36%	11.58%	-6.41%	2.58%	-0.59%	-5.43%	-4.70%	22.63%	22.61%
Revenue Q/Q Growth	4.78%	-6.34%	2.61%	-0.56%	-7.32%	-7.33%	0.85%	3.51%	1.74%	-3.77%
EBITDA Q/Q Growth	4.77%	13.16%	1.65%	-21.11%	12.78%	-7.05%	-15.70%	20.05%	25.67%	-14.08%
EBIT Q/Q Growth	1.23%	18.79%	7.63%	-29.16%	18.68%	-9.96%	-22.70%	31.27%	32.75%	-20.28%
NOPAT Q/Q Growth	-8.56%	0.74%	15.14%	-17.47%	-8.26%	4.18%	-16.24%	24.24%	21.57%	-16.62%
Net Income Q/Q Growth	-6.35%	26.63%	22.78%	-29.69%	8.33%	9.66%	-27.42%	32.27%	27.03%	-27.18%
EPS Q/Q Growth	-5.13%	24.32%	26.09%	-29.31%	7.32%	11.36%	-26.53%	33.33%	27.08%	-27.87%
Operating Cash Flow Q/Q Growth	275.87%	-57.84%	-56.06%	109.38%	-5.49%	44.88%	-42.90%	7.20%	80.32%	-26.67%
Free Cash Flow Firm Q/Q Growth	54.47%	-33.70%	36.25%	257.37%	-94.45%	560.41%	118.01%	-1.59%	-328.04%	-1.08%
Invested Capital Q/Q Growth	-10.47%	1.12%	4.13%	-0.73%	-1.86%	-2.00%	-0.95%	0.03%	26.29%	-2.02%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.12%	35.85%	35.38%	34.95%	34.49%	33.73%	35.86%	35.63%	37.60%	37.59%
EBITDA Margin	16.74%	20.23%	20.04%	15.90%	19.35%	19.40%	16.22%	18.81%	23.24%	20.75%
Operating Margin	14.91%	15.20%	15.19%	12.70%	13.52%	13.04%	11.56%	13.65%	16.22%	14.91%
EBIT Margin	11.50%	14.59%	15.30%	10.90%	13.96%	13.56%	10.40%	13.18%	17.20%	14.25%
Profit (Net Income) Margin	7.77%	10.50%	12.56%	8.88%	10.38%	12.29%	8.84%	11.30%	14.11%	10.68%
Tax Burden Percent	68.20%	71.93%	80.78%	80.21%	74.56%	86.91%	81.41%	82.77%	83.23%	78.42%
Interest Burden Percent	99.00%	100.07%	101.65%	101.61%	99.76%	104.23%	104.47%	103.54%	98.53%	95.52%
Effective Tax Rate	31.80%	28.07%	19.22%	19.79%	25.44%	13.09%	18.59%	17.23%	16.77%	21.58%
Return on Invested Capital (ROIC)	14.54%	15.94%	16.80%	12.88%	13.20%	14.45%	11.38%	13.32%	14.16%	12.59%
ROIC Less NNEP Spread (ROIC-NNEP)	19.71%	16.69%	16.18%	17.50%	12.64%	13.04%	12.28%	13.31%	12.02%	15.20%
Return on Net Nonoperating Assets (RNNOA)	-2.93%	-2.83%	-2.27%	-1.42%	-1.82%	-2.14%	-1.88%	-2.17%	-0.86%	-1.43%
Return on Equity (ROE)	11.61%	13.11%	14.53%	11.46%	11.38%	12.30%	9.50%	11.15%	13.30%	11.16%
Cash Return on Invested Capital (CROIC)	3.80%	1.93%	4.53%	20.46%	11.70%	14.59%	17.98%	17.23%	-8.35%	-7.92%
Operating Return on Assets (OROA)	9.57%	12.12%	12.51%	8.59%	10.65%	10.02%	7.45%	9.17%	11.44%	9.75%
Return on Assets (ROA)	6.46%	8.72%	10.27%	7.00%	7.92%	9.08%	6.34%	7.86%	9.38%	7.31%
Return on Common Equity (ROCE)	11.61%	13.11%	14.53%	11.46%	11.38%	12.30%	9.50%	11.15%	13.30%	11.16%
Return on Equity Simple (ROE_SIMPLE)	10.97%	0.00%	11.22%	11.12%	11.51%	0.00%	10.23%	10.54%	11.27%	0.00%
Net Operating Profit after Tax (NOPAT)	15	16	18	15	14	14	12	15	18	15
NOPAT Margin	10.17%	10.93%	12.27%	10.18%	10.08%	11.33%	9.41%	11.30%	13.50%	11.70%
Net Nonoperating Expense Percent (NNEP)	-5.17%	-0.75%	0.62%	-4.63%	0.56%	1.41%	-0.90%	0.00%	2.14%	-2.61%
Return On Investment Capital (ROIC_SIMPLE)	-	2.64%	-	-	-	2.38%	-	-	-	2.40%
Cost of Revenue to Revenue	64.88%	64.15%	64.62%	65.05%	65.51%	66.27%	64.14%	64.37%	62.40%	62.41%
SG&A Expenses to Revenue	15.80%	16.51%	15.05%	16.32%	13.87%	15.62%	17.70%	16.39%	17.00%	17.41%
R&D to Revenue	4.09%	3.80%	4.51%	4.63%	4.70%	4.24%	5.25%	4.68%	3.80%	4.45%
Operating Expenses to Revenue	20.21%	20.65%	20.19%	22.25%	20.97%	20.70%	24.30%	21.98%	21.38%	22.67%
Earnings before Interest and Taxes (EBIT)	17	21	22	16	19	17	13	17	23	18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	25	29	29	23	26	24	20	24	31	26
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.69	2.47	3.03	2.57	2.50	2.58	2.79	2.96	2.77	2.99
Price to Tangible Book Value (P/TBV)	5.37	5.08	6.27	5.22	4.93	5.12	5.50	5.74	9.47	9.50
Price to Revenue (P/Rev)	2.28	2.13	2.66	2.29	2.30	2.47	2.75	3.00	2.86	3.08
Price to Earnings (P/E)	24.51	20.95	27.03	23.11	21.68	22.44	27.33	28.08	24.55	27.33
Dividend Yield	0.39%	0.41%	0.33%	0.38%	0.38%	0.37%	0.34%	0.32%	0.33%	0.30%
Earnings Yield	4.08%	4.77%	3.70%	4.33%	4.61%	4.46%	3.66%	3.56%	4.07%	3.66%
Enterprise Value to Invested Capital (EV/IC)	2.93	2.71	3.32	2.83	2.78	2.93	3.19	3.40	2.74	3.00
Enterprise Value to Revenue (EV/Rev)	2.18	2.00	2.56	2.16	2.15	2.29	2.57	2.82	2.88	3.07
Enterprise Value to EBITDA (EV/EBITDA)	12.03	10.55	13.88	11.88	11.39	12.30	14.53	15.26	14.79	15.52
Enterprise Value to EBIT (EV/EBIT)	16.53	14.40	19.22	16.57	15.71	17.09	21.08	22.02	21.12	22.27
Enterprise Value to NOPAT (EV/NOPAT)	19.43	17.12	22.61	19.77	19.76	20.88	25.05	26.75	25.20	26.69
Enterprise Value to Operating Cash Flow (EV/OCF)	10.32	9.69	13.23	10.51	14.85	14.21	14.19	15.75	14.01	15.96
Enterprise Value to Free Cash Flow (EV/FCFF)	81.93	151.43	77.23	13.37	24.06	20.04	17.27	19.27	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.17	0.17	0.16	0.15	0.15	0.13	0.13	0.12	0.19	0.17
Long-Term Debt to Equity	0.17	0.17	0.16	0.15	0.15	0.13	0.13	0.12	0.19	0.17
Financial Leverage	-0.15	-0.17	-0.14	-0.08	-0.14	-0.16	-0.15	-0.16	-0.07	-0.09
Leverage Ratio	1.46	1.46	1.44	1.47	1.47	1.44	1.43	1.42	1.47	1.43
Compound Leverage Factor	1.45	1.46	1.46	1.50	1.47	1.50	1.49	1.47	1.44	1.36
Debt to Total Capital	14.84%	14.18%	13.50%	12.87%	12.79%	11.36%	11.46%	11.06%	16.21%	14.67%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	14.84%	14.18%	13.50%	12.87%	12.79%	11.36%	11.46%	11.06%	16.21%	14.67%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	85.16%	85.82%	86.50%	87.13%	87.21%	88.64%	88.54%	88.94%	83.79%	85.33%
Debt to EBITDA	0.82	0.75	0.74	0.72	0.72	0.66	0.72	0.68	1.03	0.89
Net Debt to EBITDA	-0.60	-0.66	-0.59	-0.69	-0.78	-0.94	-1.01	-1.01	0.08	-0.03
Long-Term Debt to EBITDA	0.82	0.75	0.74	0.72	0.72	0.66	0.72	0.68	1.03	0.89
Debt to NOPAT	1.32	1.22	1.21	1.20	1.24	1.12	1.24	1.20	1.75	1.54
Net Debt to NOPAT	-0.97	-1.07	-0.96	-1.15	-1.35	-1.59	-1.75	-1.77	0.13	-0.05
Long-Term Debt to NOPAT	1.32	1.22	1.21	1.20	1.24	1.12	1.24	1.20	1.75	1.54
Altman Z-Score	5.46	5.33	6.30	5.69	5.68	6.12	6.45	6.94	5.53	6.23
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.68	2.89	3.05	3.08	3.23	3.29	3.32	3.41	2.46	2.50
Quick Ratio	2.01	2.20	2.28	2.32	2.41	2.50	2.53	2.67	1.75	1.76
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-34	-45	-29	45	2.52	17	36	36	-82	-82
Operating Cash Flow to CapEx	2,661.39%	501.83%	246.39%	593.39%	805.20%	915.73%	453.80%	423.31%	914.36%	425.41%
Free Cash Flow to Firm to Interest Expense	-99.10	-64.55	-41.62	55.58	2.53	20.28	45.36	42.92	-62.38	-63.64
Operating Cash Flow to Interest Expense	176.57	36.27	16.12	28.63	22.20	39.01	22.86	23.56	27.08	20.04
Operating Cash Flow Less CapEx to Interest Expense	169.94	29.04	9.58	23.81	19.44	34.75	17.82	18.00	24.12	15.33
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.83	0.83	0.82	0.79	0.76	0.74	0.72	0.70	0.66	0.68
Accounts Receivable Turnover	6.59	6.78	6.07	5.96	6.09	6.49	5.94	5.63	5.83	6.60
Inventory Turnover	6.45	6.73	6.51	5.98	5.72	5.88	5.71	5.87	5.38	5.75
Fixed Asset Turnover	6.13	6.04	6.05	6.02	6.02	5.80	5.64	5.52	5.51	5.52
Accounts Payable Turnover	6.43	6.92	6.65	6.66	6.37	7.44	6.99	7.13	6.96	7.58
Days Sales Outstanding (DSO)	55.41	53.84	60.13	61.25	59.94	56.20	61.40	64.79	62.58	55.28
Days Inventory Outstanding (DIO)	56.56	54.20	56.07	61.08	63.86	62.07	63.98	62.18	67.90	63.48
Days Payable Outstanding (DPO)	56.72	52.74	54.86	54.84	57.26	49.09	52.25	51.16	52.47	48.12
Cash Conversion Cycle (CCC)	55.24	55.30	61.35	67.49	66.54	69.19	73.13	75.81	78.00	70.63
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	428	433	451	448	439	430	426	427	539	528
Invested Capital Turnover	1.43	1.46	1.37	1.26	1.31	1.28	1.21	1.18	1.05	1.08
Increase / (Decrease) in Invested Capital	49	61	47	-31	11	-2.54	-25	-21	99	97
Enterprise Value (EV)	1,256	1,175	1,496	1,266	1,221	1,262	1,362	1,451	1,477	1,585
Market Capitalization	1,319	1,248	1,559	1,340	1,304	1,358	1,457	1,548	1,469	1,588
Book Value per Share	$15.40	$15.88	$16.24	$16.53	$16.67	$16.91	$16.96	$17.10	$17.48	$17.63
Tangible Book Value per Share	$7.70	$7.71	$7.86	$8.14	$8.44	$8.51	$8.62	$8.83	$5.11	$5.55
Total Capital	576	590	594	598	599	594	589	588	634	622
Total Debt	85	84	80	77	77	68	68	65	103	91
Total Long-Term Debt	85	84	80	77	77	68	68	65	103	91
Net Debt	-62	-73	-63	-74	-83	-96	-95	-96	7.83	-3.08
Capital Expenditures (CapEx)	2.27	5.07	4.54	3.95	2.75	3.50	4.04	4.64	3.87	6.10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	57	56	73	72	71	58	60	61	57	52
Debt-free Net Working Capital (DFNWC)	204	213	217	223	231	222	222	222	152	147
Net Working Capital (NWC)	204	213	217	223	231	222	222	222	152	147
Net Nonoperating Expense (NNE)	3.65	0.62	-0.43	1.89	-0.41	-1.19	0.71	-0.00	-0.81	1.30
Net Nonoperating Obligations (NNO)	-62	-73	-63	-74	-83	-96	-95	-96	7.83	-3.08
Total Depreciation and Amortization (D&A)	7.96	8.03	6.92	7.26	7.25	7.29	7.33	7.33	7.99	8.28
Debt-free, Cash-free Net Working Capital to Revenue	9.80%	9.60%	12.53%	12.27%	12.46%	10.62%	11.29%	11.87%	11.09%	10.16%
Debt-free Net Working Capital to Revenue	35.43%	36.33%	37.06%	38.04%	40.65%	40.39%	41.92%	43.17%	29.58%	28.45%
Net Working Capital to Revenue	35.43%	36.33%	37.06%	38.04%	40.65%	40.39%	41.92%	43.17%	29.58%	28.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.37	$0.47	$0.58	$0.41	$0.45	$0.49	$0.36	$0.48	$0.62	$0.45
Adjusted Weighted Average Basic Shares Outstanding	31.87M	31.97M	31.63M	31.49M	31.30M	31.36M	30.74M	30.51M	30.30M	30.41M
Adjusted Diluted Earnings per Share	$0.37	$0.46	$0.58	$0.41	$0.44	$0.49	$0.36	$0.48	$0.61	$0.44
Adjusted Weighted Average Diluted Shares Outstanding	32.09M	32.24M	31.89M	31.69M	31.51M	31.58M	30.99M	30.73M	30.54M	30.72M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	31.88M	31.67M	31.54M	31.36M	31.16M	30.79M	30.57M	30.37M	30.12M	30.04M
Normalized Net Operating Profit after Tax (NOPAT)	16	16	19	16	16	15	13	16	19	16
Normalized NOPAT Margin	10.39%	11.18%	12.77%	11.23%	11.87%	12.06%	10.51%	12.05%	13.98%	12.34%
Pre Tax Income Margin	11.39%	14.60%	15.55%	11.08%	13.93%	14.14%	10.86%	13.65%	16.95%	13.61%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	51.09	29.57	32.19	19.35	18.84	20.57	16.32	20.60	17.43	14.02
NOPAT to Interest Expense	45.16	22.16	25.81	18.07	13.60	17.19	14.77	17.65	13.68	11.51
EBIT Less CapEx to Interest Expense	44.46	22.34	25.65	14.52	16.08	16.31	11.28	15.03	14.47	9.31
NOPAT Less CapEx to Interest Expense	38.52	14.94	19.27	13.25	10.85	12.93	9.74	12.08	10.71	6.80
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	9.57%	8.61%	8.87%	8.78%	8.43%	8.33%	9.38%	9.01%	8.23%	8.41%
Augmented Payout Ratio	41.71%	44.61%	54.51%	55.94%	64.77%	75.94%	92.08%	92.93%	91.51%	81.70%

Frequently Asked Questions About CTS's Financials

When does CTS's financial year end?

According to the most recent income statement we have on file, CTS's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has CTS's net income changed over the last 10 years?

CTS's net income appears to be on an upward trend, with a most recent value of $58.11 million in 2024, rising from $26.52 million in 2014. The previous period was $60.53 million in 2023.

What is CTS's operating income?

CTS's total operating income in 2024 was $72.78 million, based on the following breakdown:

Total Gross Profit: $189.15 million
Total Operating Expenses: $116.37 million

How has CTS revenue changed over the last 10 years?

Over the last 10 years, CTS's total revenue changed from $404.02 million in 2014 to $515.77 million in 2024, a change of 27.7%.

How much debt does CTS have?

CTS's total liabilities were at $235.26 million at the end of 2024, a 9.8% increase from 2023, and a 40.8% increase since 2014.

How much cash does CTS have?

In the past 10 years, CTS's cash and equivalents has ranged from $91.77 million in 2020 to $163.88 million in 2023, and is currently $94.33 million as of their latest financial filing in 2024.

How has CTS's book value per share changed over the last 10 years?

Over the last 10 years, CTS's book value per share changed from 8.66 in 2014 to 17.63 in 2024, a change of 103.6%.

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This page (NYSE:CTS) was last updated on 4/17/2025 by MarketBeat.com Staff

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CTS (CTS) Financials

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CTS (CTS) Financials

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