Revenue growth has stabilized at 2.2% YoY, but gross margins remain volatile and below peers, averaging 11.6% in Q2 2026, while net losses persist with a -2.6% net margin.
Cooper-Standard Holdings Inc. (CPS) annual income statement — 21-year revenue, gross profit & net income history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 |
|---|
| Sales/Revenue | 2.78B | 2.74B | 2.73B | 2.82B | 2.53B | 2.33B | 2.38B | 3.11B | 3.62B | 3.62B | 3.47B | 3.34B | 3.24B | 3.09B | 2.88B | 2.85B | 2.41B | 1.95B | 2.59B | 2.51B | 2.16B | 1.83B |
| Revenue Growth % | 2.08% | 0.37% | -3.02% | 11.5% | 8.38% | -1.9% | -23.58% | -14.23% | 0.17% | 4.17% | 3.89% | 3.05% | 4.96% | 7.28% | 0.96% | 18.2% | 24.1% | -25.03% | 3.32% | 16.03% | 18.43% | - |
| Cost of Goods Sold | 2.46B | 2.42B | 2.43B | 2.53B | 2.4B | 2.24B | 2.23B | 2.75B | 3.08B | 2.95B | 2.81B | 2.76B | 2.73B | 2.62B | 2.44B | 2.4B | 2B | 1.68B | 2.26B | 2.11B | 1.83B | 1.55B |
| COGS % of Revenue | - | 88.28% | 88.91% | 89.67% | 94.86% | 96.26% | 93.79% | 88.45% | 84.87% | 81.45% | 80.86% | 82.44% | 84.3% | 84.7% | 84.77% | 84.21% | 83.04% | 86.31% | 87.11% | 84.19% | 84.65% | 84.83% |
| Gross Profit | 314.29M | 321.22M | 302.92M | 290.78M | 129.79M | 87.23M | 147.55M | 359.12M | 548.3M | 671.09M | 664.78M | 587.11M | 509.43M | 472.74M | 438.89M | 450.59M | 409.5M | 266.31M | 334.51M | 397.11M | 332.24M | 277.18M |
| Gross Margin % | 11.32% | 11.72% | 11.09% | 10.33% | 5.14% | 3.74% | 6.21% | 11.55% | 15.13% | 18.55% | 19.14% | 17.56% | 15.7% | 15.3% | 15.23% | 15.79% | 16.96% | 13.69% | 12.89% | 15.81% | 15.35% | 15.17% |
| Gross Profit Growth % | - | 6.04% | 4.17% | 124.03% | 48.8% | -40.88% | -58.91% | -34.5% | -18.3% | 0.95% | 13.23% | 15.25% | 7.76% | 7.71% | -2.6% | 10.03% | 53.77% | -20.39% | -15.76% | 19.53% | 19.86% | - |
| Operating Expenses | 221.8M | 214.37M | 233.09M | 244.75M | 234.79M | 296.32M | 416.23M | 203.13M | 437.98M | 404.92M | 417.67M | 411.24M | 344.92M | 330.6M | 335.56M | 325.37M | -36.1M | 610.43M | 334.37M | 426.74M | 267.92M | 200.9M |
| OpEx % of Revenue | - | 7.82% | 8.54% | 8.69% | 9.3% | 12.72% | 17.52% | 6.53% | 12.09% | 11.19% | 12.03% | 12.3% | 10.63% | 10.7% | 11.65% | 11.4% | -1.5% | 31.38% | 12.89% | 16.99% | 12.38% | 10.99% |
| Selling, General & Admin | 107.9M | 0 | 124.73M | 231.78M | 202.14M | 228.39M | 263.8M | 318.31M | 315.58M | 347.39M | 356.65M | 329.92M | 301.72M | 293.45M | 281.27M | 257.56M | 251.7M | 199.55M | 231.71M | 222.13M | 199.74M | 169.7M |
| SG&A % of Revenue | - | - | 4.57% | 8.23% | 8% | 9.8% | 11.11% | 10.24% | 8.71% | 9.6% | 10.27% | 9.87% | 9.3% | 9.5% | 9.76% | 9.03% | 10.43% | 10.26% | 8.93% | 8.85% | 9.23% | 9.29% |
| Research & Development | 0 | 0 | 82.82M | 84.11M | 80.53M | 89.96M | 101.61M | 114.85M | 122.53M | 127.97M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | 3.03% | 2.99% | 3.19% | 3.86% | 4.28% | 3.69% | 3.38% | 3.54% | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 2M | 214.37M | 25.54M | -71.14M | -47.87M | -22.02M | 50.83M | -230.04M | 0 | 57.53M | 61.02M | 81.31M | 43.2M | 37.15M | 54.29M | 67.81M | -287.8M | 410.88M | 102.67M | 204.6M | 68.18M | 31.2M |
| Operating Income | 92.49M | 106.85M | 69.82M | 46.03M | -105M | -209.09M | -268.69M | 155.99M | 110.32M | 266.17M | 247.1M | 175.88M | 164.51M | 142.14M | 103.33M | 125.22M | 404.75M | -344.13M | 140K | -29.62M | 64.32M | 76.27M |
| Operating Margin % | 3.33% | 3.9% | 2.56% | 1.63% | -4.16% | -8.97% | -11.31% | 5.02% | 3.04% | 7.36% | 7.12% | 5.26% | 5.07% | 4.6% | 3.59% | 4.39% | 16.77% | -17.69% | 0.01% | -1.18% | 2.97% | 4.17% |
| Operating Income Growth % | - | 53.03% | 51.69% | 143.84% | 49.78% | 22.18% | -272.25% | 41.39% | -58.55% | 7.71% | 40.5% | 6.91% | 15.74% | 37.56% | -17.48% | -69.06% | 217.61% | -245906.43% | 100.47% | -146.05% | -15.67% | - |
| EBITDA | 166.36M | 204.83M | 173.39M | 155.96M | 17.47M | -70.08M | -114.46M | 307.94M | 257.02M | 404.25M | 369.76M | 290.3M | 277.09M | 253.17M | 226.06M | 249.3M | 507.05M | -230.35M | 140.25M | 106.43M | 202.75M | 187.48M |
| EBITDA Margin % | 5.99% | 7.47% | 6.35% | 5.54% | 0.69% | -3.01% | -4.82% | 9.91% | 7.09% | 11.17% | 10.65% | 8.68% | 8.54% | 8.19% | 7.85% | 8.74% | 21% | -11.84% | 5.41% | 4.24% | 9.37% | 10.26% |
| EBITDA Growth % | -23.27% | 18.13% | 11.17% | 792.54% | 124.93% | 38.77% | -137.17% | 19.81% | -36.42% | 9.33% | 27.37% | 4.77% | 9.45% | 11.99% | -9.32% | -50.83% | 320.12% | -264.25% | 31.78% | -47.51% | 8.15% | - |
| D&A (Non-Cash Add-back) | 73.87M | 97.97M | 103.56M | 109.93M | 122.48M | 139.01M | 154.23M | 151.95M | 146.7M | 138.09M | 122.66M | 114.43M | 112.58M | 111.03M | 122.73M | 124.07M | 102.3M | 113.78M | 140.1M | 136.05M | 138.43M | 111.2M |
| EBIT | 50.42M | 91.16M | 14.16M | -64.31M | -121.99M | -216.94M | -271.05M | 142.41M | 110.66M | 254.86M | 236.15M | 191.32M | 133.89M | 145.77M | 112.05M | 137.82M | 792.52M | -347.54M | -331K | -28.47M | 71.48M | 77.77M |
| Net Interest Income | -113.12M | -114.68M | -115.64M | -130.08M | -78.51M | -72.51M | -59.17M | -44.11M | -42.25M | -42.11M | -41.39M | -38.33M | -45.6M | -54.92M | -44.76M | -40.56M | 0 | -55.24M | -91.2M | -89.58M | -87.15M | -66.58M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 113.12M | 114.68M | 115.64M | 130.08M | 78.51M | 72.51M | 59.17M | 44.11M | 41M | 42.11M | 41.39M | 38.33M | 45.6M | 54.92M | 44.76M | 40.56M | 44.51M | 64.33M | 92.89M | 89.58M | 87.15M | 66.58M |
| Other Income/Expense | -169.48M | -130.37M | -171.3M | -240.41M | -95.5M | -80.36M | -61.53M | -57.69M | -40.67M | -53.42M | -52.34M | -22.89M | -76.22M | -51.29M | -36.05M | -27.96M | -38.55M | -67.75M | -93.36M | -88.42M | -79.98M | -65.08M |
| Pretax Income | -76.99M | -23.52M | -101.48M | -194.38M | -200.5M | -289.45M | -330.22M | 98.3M | 69.66M | 212.75M | 194.76M | 152.99M | 88.28M | 90.85M | 67.28M | 97.26M | 366.2M | -411.87M | -93.22M | -118.05M | -15.66M | 11.19M |
| Pretax Margin % | -2.77% | -0.86% | -3.72% | -6.9% | -7.94% | -12.42% | -13.9% | 3.16% | 1.92% | 5.88% | 5.61% | 4.58% | 2.72% | 2.94% | 2.34% | 3.41% | 15.17% | -21.17% | -3.59% | -4.7% | -0.72% | 0.61% |
| Income Tax | -20.36M | -19.2M | -23.35M | 8.93M | 17.29M | 39.39M | -60.85M | 36.09M | -29.4M | 71.51M | 54.32M | 41.22M | 42.81M | 45.6M | -31.53M | 20.77M | 39.94M | -55.69M | 29.3M | 32.95M | -7.24M | 2.38M |
| Effective Tax Rate % | 26.45% | 81.66% | 23.01% | -4.6% | -8.62% | -13.61% | 18.43% | 36.71% | -42.21% | 33.61% | 27.89% | 26.94% | 48.49% | 50.19% | -46.86% | 21.35% | 10.91% | 13.52% | -31.42% | -27.91% | 46.25% | 21.24% |
| Net Income | -56.46M | -4.17M | -78.75M | -201.99M | -215.38M | -322.83M | -267.61M | 67.53M | 103.6M | 137.97M | 138.99M | 111.88M | 42.78M | 47.94M | 102.8M | 102.84M | 326.26M | -356.06M | -121.45M | -150.99M | -8.42M | 8.81M |
| Net Margin % | -2.03% | -0.15% | -2.88% | -7.17% | -8.53% | -13.85% | -11.27% | 2.17% | 2.86% | 3.81% | 4% | 3.35% | 1.32% | 1.55% | 3.57% | 3.6% | 13.51% | -18.3% | -4.68% | -6.01% | -0.39% | 0.48% |
| Net Income Growth % | -292.65% | 94.71% | 61.01% | 6.22% | 33.28% | -20.64% | -496.28% | -34.82% | -24.91% | -0.73% | 24.23% | 161.53% | -10.77% | -53.37% | -0.04% | -68.48% | 191.63% | -193.17% | 19.57% | -1693.27% | -195.53% | - |
| Net Income (Continuing) | -56.63M | -4.31M | -78.13M | -203.32M | -217.79M | -328.84M | -269.37M | 62.21M | 99.06M | 141.24M | 140.44M | 111.77M | 45.47M | 45.25M | 98.82M | 76.5M | 677.73M | -356.19M | -122.52M | -150.99M | -8.42M | 8.81M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -8.36B | -8.09M | -7.6M | -8.43M | -6.52M | 6.48M | 17M | 19.81M | 28.04M | 28.52M | 24.43M | 11.37M | -252K | -2.58M | 905K | 17.69M | 2.61M | 4.46M | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -3.13 | -0.23 | -4.48 | -11.64 | -12.53 | -18.94 | -15.82 | 3.92 | 5.89 | 7.21 | 7.42 | 6.08 | 2.39 | 2.24 | 4.14 | 3.93 | 17.54 | -19.38 | -6.61 | -8.22 | -0.46 | 0.48 |
| EPS Growth % | -294.04% | 94.87% | 61.51% | 7.1% | 33.84% | -19.72% | -503.57% | -33.45% | -18.31% | -2.83% | 22.04% | 154.39% | 6.7% | -45.89% | 5.34% | -77.59% | 190.51% | -193.19% | 19.59% | -1686.96% | -195.83% | - |
| EPS (Basic) | - | -0.23 | -4.48 | -11.64 | -12.53 | -18.94 | -15.82 | 3.94 | 6.02 | 7.61 | 7.96 | 6.50 | 2.56 | 2.39 | 4.40 | 4.27 | 17.54 | -19.38 | -6.61 | -8.22 | -0.46 | 0.48 |
| Diluted Shares Outstanding | 18.05M | 17.86M | 17.56M | 17.36M | 17.19M | 17.05M | 16.91M | 17.21M | 18.29M | 18.78M | 18.73M | 18.41M | 17.9M | 15.74M | 18.52M | 19.17M | 18.6M | 18.38M | 18.38M | 18.38M | 18.38M | 18.38M |
| Basic Shares Outstanding | 18.05M | 17.86M | 17.56M | 17.36M | 17.19M | 17.05M | 16.91M | 17.15M | 17.89M | 17.78M | 17.46M | 17.21M | 16.7M | 14.68M | 17.44M | 17.61M | 18.6M | 18.38M | 18.38M | 18.38M | 18.38M | 18.38M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.6% | - | 0.97% | - | - | - | - | - |
Quick answers to the most common questions about buying CPS stock.
For fiscal year 2025, Cooper-Standard Holdings Inc. (CPS) reported total revenue of $2.74B. This represents a 50.0% increase compared to $1.83B in 2005.
Cooper-Standard Holdings Inc. (CPS) reported a net loss of $4.2M for the fiscal year ending 2025.
Cooper-Standard Holdings Inc. (CPS) reported an operating income of $106.9M, resulting in an operating profit margin of 3.9%. This margin reflects the operational efficiency of the business before interest and taxes.
Cooper-Standard Holdings Inc. (CPS) generated $321.2M in gross profit for the year, representing a gross profit margin of 11.7%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Persistent net losses and margin pressure
Metrics are mathematically derived from official filings.
Revenue Growth Stabilizes at Low Single-Digits
Cooper-Standard's revenue growth has stabilized in the low single-digit range, with the most recent quarter showing a 2.2% year-over-year increase, suggesting the company has moved past the sharper declines seen in 2024.
The revenue trajectory indicates a stabilization phase after periods of contraction, with recent quarters showing modest positive growth. This suggests the company may have reached a cyclical trough, though the growth rate remains insufficient to drive meaningful profitability improvement given the current cost structure.
Gross Margins Volatile and Below Peers
Cooper-Standard's gross margin has fluctuated between 9.1% and 13.2% over the past ten quarters, significantly below the 15-30% range of its peers, indicating limited pricing power and structural cost challenges.
The volatile and compressed gross margins suggest the company faces persistent input cost pressures and limited ability to pass through price increases. The recent dip to 9.5% in Q4 2025 followed by a recovery to 11.6% in Q2 2026 indicates margin instability that warrants monitoring.
Operating Leverage Remains Minimal
Operating income has shown minimal improvement relative to gross profit, with operating margins ranging from 0.5% to 5.3%, suggesting limited operating leverage and inefficient overhead absorption.
The relationship between gross profit and operating income indicates that SG&A expenses are consuming a disproportionate share of gross profit, limiting the conversion to operating income. This suggests the company's cost structure lacks the flexibility needed to generate meaningful earnings leverage during periods of revenue growth.
Net Income Distorted by Non-Operating Items
Reported net income has been highly volatile, swinging from a $40.2 million profit in Q4 2024 to a $76.2 million loss in Q2 2024, suggesting significant non-operating items are distorting underlying profitability.
The extreme volatility in net income relative to operating income indicates substantial non-operating gains or losses, potentially from asset impairments, restructuring charges, or tax adjustments. This makes it difficult to assess the true underlying earnings power of the business.
SG&A Discipline Appears Inconsistent
SG&A expenses have fluctuated between $49.7 million and $55.4 million per quarter, with some quarters showing zero reported expenses, suggesting inconsistent cost management or accounting treatment.
The inconsistent reporting of SG&A expenses, with some quarters showing zero values, raises questions about the transparency and consistency of cost management. When reported, SG&A represents a significant portion of gross profit, limiting the company's ability to achieve profitability.
Structural Profitability Challenges Persist
Despite revenue stabilization, Cooper-Standard continues to report net losses in most quarters, with net margins averaging -2.6% over the past year, suggesting fundamental profitability challenges that revenue growth alone may not resolve.
The persistent net losses despite revenue growth indicate that the company's cost structure and margin profile may be structurally challenged. Investors should monitor whether the company can achieve sustainable profitability or if continued losses will erode its financial position.