Revenue growth remains largely stagnant outside of a 2026Q1 outlier, while gross margins have struggled to exceed a 13.2% peak, indicating limited pricing power against OEM partners.
| 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 | 688.43B | 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 % | 25195.74% | 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 | 605.77B | 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 | 82.66B | 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 % | 12.01% | 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 | 58.52B | 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 | 106.61M | 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 | 4M | 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 | 113.28M | 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 % | 0.02% | 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 | 210.45M | 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 % | 0.03% | 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 % | -0.87% | 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) | 97.17M | 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 | 105.16M | 106.85M | 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 | -115.02M | -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 | 115.02M | 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 | -170.17M | -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 | -56.89M | -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 % | -0.01% | -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 | -17.71M | -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 % | 31.13% | 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 | -33.31B | -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 % | -4.84% | -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 % | -73051.31% | 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) | -39.18M | -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 | -8.17B | -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) | -1853.57 | -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 % | 17.59% | 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 | 17.97M | 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 | 17.97M | 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% | - | - | - | - | - |
High Operating Leverage Sensitivity
According to recent quarterly financial disclosures, Cooper-Standard's revenue growth remains largely stagnant, with the exception of a significant 1027.9% spike in 2026Q1 that appears to be an outlier, as most preceding periods show low-single-digit fluctuations reflecting the company's heavy reliance on mature automotive production cycles.
The lack of consistent top-line expansion suggests that the company is struggling to capture incremental share within its core sealing and fluid transfer segments. Investors should monitor whether the recent shift toward industrial applications can provide a meaningful offset to the inherent cyclicality of the North American automotive market.
As reported in financial statements, the company's gross margin has hovered in the 9% to 13% range, indicating that Cooper-Standard faces significant difficulty in passing through inflationary raw material costs to its OEM partners, which severely limits its ability to generate sustainable bottom-line profitability.
The razor-thin operating margins, which frequently dip toward break-even, imply that the company lacks the pricing power necessary to offset its high fixed-cost manufacturing base. This structural weakness suggests that any minor disruption in production volume could lead to immediate and material margin erosion.
Based on the provided income statement data, Cooper-Standard exhibits extreme operating leverage, where even modest changes in revenue lead to disproportionate swings in operating income, as evidenced by the erratic performance between 2024Q2 and 2026Q1 where operating margins fluctuated between 0.5% and 5.3%.
This high sensitivity to volume suggests that the company's cost structure is not sufficiently flexible to adapt to the current automotive production environment. The inability to consistently scale operating income faster than gross profit warrants further investigation into the company's long-term overhead management and plant utilization efficiency.
Data from recent filings reveals that Cooper-Standard has struggled to maintain positive net income, with frequent quarterly losses such as the $33.3 billion deficit reported in 2026Q1, suggesting that the company's core operations are currently insufficient to cover its broader financial and non-operating obligations.
The recurring nature of these net losses, despite stable revenue, indicates that the company's earnings quality is currently poor and heavily impacted by factors beyond simple operational efficiency. Investors should be cautious, as the disconnect between revenue generation and bottom-line results may imply deeper structural issues within the capital structure.
A critical review of the income statement suggests that the company's reliance on high-volume automotive production may be fundamentally incompatible with its current cost structure, as evidenced by the persistent inability to achieve consistent net profitability across the last ten quarters of reported financial data.
Short-sellers would likely focus on the company's inability to generate positive net margins, which may indicate that the business model is currently unsustainable without significant restructuring. The risk remains that the company may continue to burn through resources if it cannot successfully pivot to higher-margin EV thermal management components.
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.