What is CTS Corporation's net debt?

CTS Corporation (CTS) reported net debt of -$58.39M in Q1 2026.

How has CTS Corporation's net debt changed year-over-year?

CTS Corporation's net debt increased by 9.9% year-over-year, from -$64.79M to -$58.39M.

What is the long-term trend for CTS Corporation's net debt?

Over 5 years (2020 to 2025), CTS Corporation's net debt has grown at a -2.7% compound annual growth rate (CAGR), from -$65.32M to -$57M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

CTS Corporation CTS Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

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Revenue$139.2M+10.7%

Gross profit$55.0M+18.1%

Operating income$22.0M+35.0%

Net income$17.2M+28.7%

EPS (diluted)$0.59+34.1%

Balance sheet

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Cash & equivalents$90.9M+0.6%

Total debt$32.5M+27.3%

Total equity$557.5M+3.6%

Total assets$777.2M+1.5%

Cash flow

See full

Operating cash flow$17.3M+11.5%

CapEx$5.0M+11.9%

Free cash flow$12.3M+11.3%

Valuation

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Market cap$1.88B+9.9%

Enterprise value$1.82B+11.0%

P/E27.2×-2.5×

P/S3.4×+0.1×

Profitability

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Gross margin39%+2.3pp

Operating margin15.9%+1.8pp

Net margin12.5%+1.3pp

FCF margin15.8%+1.0pp

Returns & leverage

See full

Return on equity12.6%+1.7pp

Debt / equity0.1×0.0×

Current ratio2.5×-0.1×

Where this comes from

Calculated from CTS Corporation’s reported figures.

$32.5Mtotal debt−$90.9Mcash and equivalents=-$58.39M

The official record: CTS Corporation’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CTS Corporation's net debt?: CTS Corporation (CTS) reported net debt of -$58.39M in Q1 2026.
How has CTS Corporation's net debt changed year-over-year?: CTS Corporation's net debt increased by 9.9% year-over-year, from -$64.79M to -$58.39M.
What is the long-term trend for CTS Corporation's net debt?: Over 5 years (2020 to 2025), CTS Corporation's net debt has grown at a -2.7% compound annual growth rate (CAGR), from -$65.32M to -$57M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.