CTS CORP (CTS)

NYSE · Common Stock · Printed Circuit Boards

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

company in Elkhart, United States

Corporate structure

38 entities across 20 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-24 — see the exhibit.

Which other public companies file entities in the same places:

Delaware8 Mexico5 Illinois3 California2 Czech Republic2 The Netherlands2 Denmark2 Idaho2 Arizona1 Maryland1 New York1 Germany1

Subsidiaries of CTS CORP as disclosed in its SEC filing
Entity	Jurisdiction	Note
CTS Corporation	Delaware
CTS Automotive Holdings, LLC	Delaware
CTS Advanced Materials, LLC	Delaware
CTS Electronic Components, Inc.	Delaware
LTB Investment Corporation	Delaware
Filter Sensing Technologies, Inc.	Delaware
Tusonix, LLC	Arizona
CTS Electronic Components (California), Inc.	California
CTS Printex, Inc.	California
CTS Automotive, L.L.C	Illinois
CTS Automotive Holdings 2, LLC	Illinois
CTS SRL-CV Holdings 1, LLC	Illinois
CTS Valpey Corporation	Maryland
Dynamics Corporation of America	New York
CTS Czech Republic s.r.o.	Czech Republic
CTS Europe GmbH	Germany
CTS India Private Limited	India
CTS Japan, Inc.	Japan
CTS Electro de Mexico S. de R.L. de C.V.	Mexico
CTS International B.V.	The Netherlands
CTS Overseas Holdings B.V.	The Netherlands
CTS Electro de Matamoros, S de R.L. de C.V.	Mexico
Technologia Mexicana, S de R.L. de C.V.	Mexico
CTS Corporation U.K. Limited	Scotland
CTS Denmark Holding A/S	Denmark
CTS Denmark A/S	Denmark
CTS Ceramics Czech Republic s.r.o.	Czech Republic
Quality Thermistor, Inc.	Idaho
Tecate Assembly Services, Inc.	Idaho
Tecate Investments, LLC	Delaware
Tecate Holdings, LLC	Delaware
TEWA Sensors LLC	Utah
Componentes de Calidad, S. de R.L. de C.V.	Mexico
Sensor Scientific, Inc.	New Jersey
CTS NA Services, S. de R.L. de C.V.	Mexico
TEWA Temperature Sensors sp. zo.o	Poland
maglab AG	Switzerland
SyQwest, LLC	Rhode Island

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

7 / 8

PASSReturn on assets positiveROA 8.5%
PASSOperating cash flow positiveOCF 102M
PASSReturn on assets improving7.6% → 8.5%
PASSCash flow exceeds earningsOCF 102M vs NI 65M
FAILLong-term debt ratio fallingno debt reported
FAILCurrent ratio improving2.50 → 2.30
PASSNo share dilution31M → 30M shares
PASSGross margin improving36.7% → 38.4%
PASSAsset turnover improving0.67× → 0.71×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$424.1M	$34.7M	$61.9M	32.8%	32,584,000
FY2021	$512.9M	−$41.9M	$70.5M	36.0%	32,327,000
FY2022	$586.9M	$59.6M	$106.9M	35.9%	32,238,000
FY2023	$550.4M	$60.5M	$74.1M	34.7%	31,579,000
FY2024	$515.8M	$58.1M	$80.6M	36.7%	30,717,000
FY2025	$541.3M	$65.3M	$86.4M	38.4%	29,806,000

Ownership flow

14 institutions tracked — 8 added, 5 reduced, 1 opened a new position. Index money added 143,927 shares while active managers cut 194,534.

Institutional holders of CTS CORP and their share-count change
Manager	Kind	Shares	Change	Value
WELLINGTON MANAGEMENT GROUP LLP	Active fund	102,755	−252,059	$6.7M
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	212,449	+170,367	$13.9M
BlackRock, Inc.	Index	4,501,796	+97,271	$293.5M
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	311,342	−77,042	$20.3M
BANK OF AMERICA CORP /DE/	Active fund	149,504	−66,325	$9.7M
JPMORGAN CHASE & CO	Active fund	126,150	+31,313	$8.2M
STATE STREET CORP	Index	1,176,885	+25,805	$76.8M
GEODE CAPITAL MANAGEMENT, LLC	Index	760,914	+20,851	$49.6M
MORGAN STANLEY	Active fund	326,843	−7,962	$21.3M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	53,182	+7,239	$3.5M
Point72 Asset Management, L.P.	Hedge fund	11,945	−2,125	$778,695
FMR LLC	Active fund	30,997	+1,219	$2.0M
CITADEL ADVISORS LLC	Hedge fund	48,314	+841	$3.1M

NORGES BANK holds a position with no prior filing to compare against, so its change is unknown rather than zero — and it is left out of the totals above.

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Dividend per share

2026Q1: $0.04
2025Q3: $0.04
2025Q2: $0.04
2025Q1: $0.04
2024Q3: $0.04
2024Q2: $0.04

Shares repurchased

2026Q1: $8.6M
2025Q1: $6.5M
2024Q1: $12.0M
2023Q1: $8.8M
2022Q1: $3.9M
2020Q1: $5.3M

Identity

CIK: 0000026058
FIGI: BBG000BGMC46
SIC: 3672 · Printed Circuit Boards
Incorporated: IN
Headquarters: LISLE, IL
Founded: 1896-01-01

Ownership

Institutional: 100.7%
Institutions: 377
Insiders: 2.1%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other printed circuit boards companies

CTS CORP files under SIC 3672 — all 9 printed circuit boards companies compared on assets and F-score.

FLEX LTD.FLEX JABIL INCJBL SANMINA CORPSANM TTM TECHNOLOGIES INCTTMI PLEXUS CORPPLXS BENCHMARK ELECTRONICS INCBHE

Questions about CTS CORP

How many subsidiaries does CTS CORP file with the SEC?: 38, listed in its most recent exhibit 21. They are incorporated across 20 jurisdictions, led by Delaware, Arizona, California. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is CTS CORP financially healthy?: CTS CORP scores 7 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of CTS CORP?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), STATE STREET CORP (adding), GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

Download the terminal See pricing

Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

38 entities across 20 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-24 — see the exhibit.

Entity

Jurisdiction

Note

CTS Corporation

Delaware

CTS Automotive Holdings, LLC

Delaware

CTS Advanced Materials, LLC

Delaware

CTS Electronic Components, Inc.

Delaware

LTB Investment Corporation

Delaware

Filter Sensing Technologies, Inc.

Delaware

Tusonix, LLC

Arizona

CTS Electronic Components (California), Inc.

California

CTS Printex, Inc.

California

CTS Automotive, L.L.C

Illinois

CTS Automotive Holdings 2, LLC

Illinois

CTS SRL-CV Holdings 1, LLC

Illinois

CTS Valpey Corporation

Maryland

Dynamics Corporation of America

New York

CTS Czech Republic s.r.o.

Czech Republic

CTS Europe GmbH

Germany

CTS India Private Limited

India

CTS Japan, Inc.

Japan

CTS Electro de Mexico S. de R.L. de C.V.

Mexico

CTS International B.V.

The Netherlands

CTS Overseas Holdings B.V.

The Netherlands

CTS Electro de Matamoros, S de R.L. de C.V.

Mexico

Technologia Mexicana, S de R.L. de C.V.

Mexico

CTS Corporation U.K. Limited

Scotland

CTS Denmark Holding A/S

Denmark

CTS Denmark A/S

Denmark

CTS Ceramics Czech Republic s.r.o.

Czech Republic

Quality Thermistor, Inc.

Idaho

Tecate Assembly Services, Inc.

Idaho

Tecate Investments, LLC

Delaware

Tecate Holdings, LLC

Delaware

TEWA Sensors LLC

Utah

Componentes de Calidad, S. de R.L. de C.V.

Mexico

Sensor Scientific, Inc.

New Jersey

CTS NA Services, S. de R.L. de C.V.

Mexico

TEWA Temperature Sensors sp. zo.o

Poland

maglab AG

Switzerland

SyQwest, LLC

Rhode Island

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

7 / 8

PASSReturn on assets positiveROA 8.5%
PASSOperating cash flow positiveOCF 102M
PASSReturn on assets improving7.6% → 8.5%
PASSCash flow exceeds earningsOCF 102M vs NI 65M
FAILLong-term debt ratio fallingno debt reported
FAILCurrent ratio improving2.50 → 2.30
PASSNo share dilution31M → 30M shares
PASSGross margin improving36.7% → 38.4%
PASSAsset turnover improving0.67× → 0.71×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2020

$424.1M

$34.7M

$61.9M

32.8%

32,584,000

FY2021

$512.9M

−$41.9M

$70.5M

36.0%

32,327,000

FY2022

$586.9M

$59.6M

$106.9M

35.9%

32,238,000

FY2023

$550.4M

$60.5M

$74.1M

34.7%

31,579,000

FY2024

$515.8M

$58.1M

$80.6M

36.7%

30,717,000

FY2025

$541.3M

$65.3M

$86.4M

38.4%

29,806,000

Ownership flow

14 institutions tracked — 8 added, 5 reduced, 1 opened a new position. Index money added 143,927 shares while active managers cut 194,534.

Institutional holders of CTS CORP and their share-count change
Manager	Kind	Shares	Change	Value
WELLINGTON MANAGEMENT GROUP LLP	Active fund	102,755	−252,059	$6.7M
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	212,449	+170,367	$13.9M
BlackRock, Inc.	Index	4,501,796	+97,271	$293.5M
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	311,342	−77,042	$20.3M
BANK OF AMERICA CORP /DE/	Active fund	149,504	−66,325	$9.7M
JPMORGAN CHASE & CO	Active fund	126,150	+31,313	$8.2M
STATE STREET CORP	Index	1,176,885	+25,805	$76.8M
GEODE CAPITAL MANAGEMENT, LLC	Index	760,914	+20,851	$49.6M
MORGAN STANLEY	Active fund	326,843	−7,962	$21.3M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	53,182	+7,239	$3.5M
Point72 Asset Management, L.P.	Hedge fund	11,945	−2,125	$778,695
FMR LLC	Active fund	30,997	+1,219	$2.0M
CITADEL ADVISORS LLC	Hedge fund	48,314	+841	$3.1M

NORGES BANK holds a position with no prior filing to compare against, so its change is unknown rather than zero — and it is left out of the totals above.

Questions about CTS CORP

How many subsidiaries does CTS CORP file with the SEC?

38, listed in its most recent exhibit 21. They are incorporated across 20 jurisdictions, led by Delaware, Arizona, California. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is CTS CORP financially healthy?

CTS CORP scores 7 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of CTS CORP?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), STATE STREET CORP (adding), GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.