What is CTS Corporation's R&D?

CTS Corporation (CTS) reported R&D of $6.63M in Q1 2026.

How has CTS Corporation's R&D changed year-over-year?

CTS Corporation's R&D increased by 7.2% year-over-year, from $6.19M to $6.63M.

What is the long-term trend for CTS Corporation's R&D?

Over 4 years (2021 to 2025), CTS Corporation's R&D has grown at a 1.4% compound annual growth rate (CAGR), from $23.86M to $25.27M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

CTS Corporation CTS R&D

R&D at other companies

Sensata TechnologiesST

$31.9M-13.3%

PDF SolutionsPDFS

$18.33M+25.3%

LittelfuseLFUS

$29.74M+14.2%

Ralliant CorporationRAL

$43.7M+5.8%

Rockwell AutomationROK

$180M+11.1%

Analog DevicesADI

$509.32M+15.3%

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

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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$1.92B+9.9%

Enterprise value$1.86B+11.0%

P/E27.7×-2.5×

P/S3.5×+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

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Return on equity12.6%+1.7pp

Debt / equity0.1×0.0×

Current ratio2.5×-0.1×

Where this comes from

Reported directly by CTS Corporation in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

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 R&D?: CTS Corporation (CTS) reported R&D of $6.63M in Q1 2026.
How has CTS Corporation's R&D changed year-over-year?: CTS Corporation's R&D increased by 7.2% year-over-year, from $6.19M to $6.63M.
What is the long-term trend for CTS Corporation's R&D?: Over 4 years (2021 to 2025), CTS Corporation's R&D has grown at a 1.4% compound annual growth rate (CAGR), from $23.86M to $25.27M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.