Revenue growth has returned to positive territory at 5.2% in 2026Q1, though structural margin pressure persists with gross margins remaining constrained within the 31-32% range.
| 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 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Sales/Revenue | 813.2M | 810.8M | 830.1M | 908.4M | 971.2M | 932.9M | 802.58M | 898.26M | 879.09M | 821.04M | 656.31M | 641.44M | 610.91M | 537.48M | 498.76M | 553.15M | 379.19M | 291.82M | 365.36M | 431.35M | 454.56M | 356.11M | 365M | 243.33M | 219.44M | 216.04M | 248.22M | 247.8M | 216.6M | 189.7M | 141.5M |
| Revenue Growth % | 0.74% | -2.33% | -8.62% | -6.47% | 4.11% | 16.24% | -10.65% | 2.18% | 7.07% | 25.1% | 2.32% | 5% | 13.66% | 7.76% | -9.83% | 45.88% | 29.94% | -20.13% | -15.3% | -5.11% | 27.65% | -2.44% | 50% | 10.89% | 1.57% | -12.96% | 0.17% | 14.4% | 14.18% | 34.06% | 0.86% |
| Cost of Goods Sold | 556.4M | 554M | 553M | 601.3M | 650.2M | 583.8M | 510.76M | 583.97M | 568.31M | 502.47M | 406.83M | 404.48M | 376.16M | 348.05M | 338.17M | 374.07M | 242.49M | 212.55M | 251.4M | 315.72M | 311.66M | 252.97M | 251.81M | 164.79M | 150.18M | 149.18M | 165.71M | 165.6M | 150.1M | 127M | 91.5M |
| COGS % of Revenue | - | 68.33% | 66.62% | 66.19% | 66.95% | 62.58% | 63.64% | 65.01% | 64.65% | 61.2% | 61.99% | 63.06% | 61.57% | 64.75% | 67.8% | 67.63% | 63.95% | 72.83% | 68.81% | 73.19% | 68.56% | 71.04% | 68.99% | 67.72% | 68.44% | 69.05% | 66.76% | 66.83% | 69.3% | 66.95% | 64.66% |
| Gross Profit | 256.8M | 256.8M | 277.1M | 307.1M | 321M | 349.1M | 291.82M | 314.29M | 310.78M | 318.57M | 249.49M | 236.96M | 234.75M | 189.44M | 160.59M | 179.08M | 136.7M | 79.28M | 113.96M | 115.64M | 142.9M | 103.15M | 113.19M | 78.54M | 69.25M | 66.86M | 82.5M | 82.2M | 66.5M | 62.7M | 50M |
| Gross Margin % | 31.58% | 31.67% | 33.38% | 33.81% | 33.05% | 37.42% | 36.36% | 34.99% | 35.35% | 38.8% | 38.01% | 36.94% | 38.43% | 35.25% | 32.2% | 32.37% | 36.05% | 27.17% | 31.19% | 26.81% | 31.44% | 28.96% | 31.01% | 32.28% | 31.56% | 30.95% | 33.24% | 33.17% | 30.7% | 33.05% | 35.34% |
| Gross Profit Growth % | - | -7.33% | -9.77% | -4.33% | -8.05% | 19.63% | -7.15% | 1.13% | -2.45% | 27.69% | 5.28% | 0.94% | 23.92% | 17.96% | -10.32% | 31% | 72.44% | -30.44% | -1.45% | -19.08% | 38.54% | -8.87% | 44.12% | 13.41% | 3.59% | -18.96% | 0.37% | 23.61% | 6.06% | 25.4% | 1.01% |
| Operating Expenses | 277M | 204.7M | 252.2M | 221.8M | 176.6M | 231.9M | 224.49M | 203.81M | 198.07M | 189.44M | 168.59M | 160.71M | 153.51M | 139.32M | 134.04M | 125.84M | 109.34M | 85.94M | 104.1M | 97.84M | 98.64M | 75.76M | 78.9M | 56.97M | 52.93M | 51.82M | 53.02M | 57.9M | 46.9M | 42.3M | 36.3M |
| OpEx % of Revenue | - | 25.25% | 30.38% | 24.42% | 18.18% | 24.86% | 27.97% | 22.69% | 22.53% | 23.07% | 25.69% | 25.05% | 25.13% | 25.92% | 26.87% | 22.75% | 28.84% | 29.45% | 28.49% | 22.68% | 21.7% | 21.27% | 21.62% | 23.41% | 24.12% | 23.99% | 21.36% | 23.37% | 21.65% | 22.3% | 25.65% |
| Selling, General & Admin | 173.3M | 176.6M | 193.6M | 195M | 218.6M | 192.6M | 181.96M | 167.95M | 162.43M | 156.61M | 134.22M | 126.96M | 122.14M | 105.6M | 91.99M | 104.22M | 89.55M | 68.55M | 82.22M | 73.19M | 63.01M | 55.8M | 58.41M | 43.3M | 39.34M | 39.25M | 40.53M | 36.7M | 28.1M | 26.1M | 30.5M |
| SG&A % of Revenue | - | 21.78% | 23.32% | 21.47% | 22.51% | 20.65% | 22.67% | 18.7% | 18.48% | 19.07% | 20.45% | 19.79% | 19.99% | 19.65% | 18.44% | 18.84% | 23.62% | 23.49% | 22.5% | 16.97% | 13.86% | 15.67% | 16% | 17.8% | 17.93% | 18.17% | 16.33% | 14.81% | 12.97% | 13.76% | 21.55% |
| Research & Development | 27.7M | 28.1M | 34.6M | 35.7M | 35.2M | 29.9M | 29.32M | 31.68M | 33.08M | 29.55M | 28.58M | 27.64M | 22.88M | 21.65M | 19.31M | 21.62M | 19.79M | 17.39M | 21.89M | 24.66M | 24.36M | 19.96M | 20.49M | 13.66M | 13.6M | 12.57M | 12.49M | 10.8M | 10.4M | 9.6M | 0 |
| R&D % of Revenue | - | 3.47% | 4.17% | 3.93% | 3.62% | 3.21% | 3.65% | 3.53% | 3.76% | 3.6% | 4.35% | 4.31% | 3.74% | 4.03% | 3.87% | 3.91% | 5.22% | 5.96% | 5.99% | 5.72% | 5.36% | 5.6% | 5.61% | 5.62% | 6.2% | 5.82% | 5.03% | 4.36% | 4.8% | 5.06% | - |
| Other Operating Expenses | 1000K | 0 | 24M | -8.9M | -77.2M | 9.4M | 13.2M | 4.17M | 2.57M | 3.28M | 5.79M | 6.1M | 8.49M | 12.08M | 0 | 0 | 0 | 0 | 0 | 0 | 11.27M | 0 | 0 | 0 | 0 | 0 | 0 | 10.4M | 8.4M | 6.6M | 5.8M |
| Operating Income | -20.2M | 52.1M | 24.9M | 85.3M | 144.4M | 117.2M | 67.33M | 110.48M | 112.71M | 129.14M | 80.9M | 76.25M | 81.24M | 50.12M | 49.29M | 52.8M | 27.36M | -29.57M | 9.86M | 14.26M | 44.26M | 4.74M | 34.29M | 21.57M | 14.17M | 13.05M | 29.48M | 24.3M | 19.6M | 20.4M | 13.7M |
| Operating Margin % | -2.48% | 6.43% | 3% | 9.39% | 14.87% | 12.56% | 8.39% | 12.3% | 12.82% | 15.73% | 12.33% | 11.89% | 13.3% | 9.32% | 9.88% | 9.55% | 7.21% | -10.13% | 2.7% | 3.3% | 9.74% | 1.33% | 9.39% | 8.87% | 6.46% | 6.04% | 11.88% | 9.81% | 9.05% | 10.75% | 9.68% |
| Operating Income Growth % | - | 109.24% | -70.81% | -40.93% | 23.21% | 74.06% | -39.05% | -1.98% | -12.72% | 59.63% | 6.09% | -6.14% | 62.1% | 1.67% | -6.65% | 93.01% | 192.51% | -399.83% | -30.82% | -67.79% | 834.13% | -86.18% | 58.97% | 52.19% | 8.65% | -55.75% | 21.33% | 23.98% | -3.92% | 48.91% | 5.38% |
| EBITDA | 34.9M | 105M | 74.3M | 136.4M | 190.3M | 160.5M | 138.76M | 159.64M | 162.78M | 173.24M | 118.74M | 110.31M | 107.51M | 76.47M | 74.77M | 79.11M | 43.47M | -11.61M | 28.26M | 39.97M | 63.79M | 21.59M | 52.36M | 35.19M | 27.75M | 26.76M | 41.99M | 34.7M | 28M | 27M | 19.5M |
| EBITDA Margin % | 4.29% | 12.95% | 8.95% | 15.02% | 19.59% | 17.2% | 17.29% | 17.77% | 18.52% | 21.1% | 18.09% | 17.2% | 17.6% | 14.23% | 14.99% | 14.3% | 11.46% | -3.98% | 7.73% | 9.27% | 14.03% | 6.06% | 14.34% | 14.46% | 12.64% | 12.39% | 16.92% | 14% | 12.93% | 14.23% | 13.78% |
| EBITDA Growth % | -45.13% | 41.32% | -45.53% | -28.32% | 18.57% | 15.67% | -13.08% | -1.93% | -6.03% | 45.89% | 7.65% | 2.6% | 40.59% | 2.28% | -5.49% | 81.99% | 474.38% | -141.09% | -29.3% | -37.33% | 195.44% | -58.76% | 48.81% | 26.82% | 3.69% | -36.28% | 21.01% | 23.93% | 3.7% | 38.46% | 4.28% |
| D&A (Non-Cash Add-back) | 55.1M | 52.9M | 49.4M | 51.1M | 45.9M | 43.3M | 71.42M | 49.16M | 50.07M | 44.1M | 37.85M | 34.05M | 26.27M | 26.35M | 25.47M | 26.31M | 16.11M | 17.96M | 18.4M | 25.72M | 19.53M | 16.85M | 18.07M | 13.62M | 13.57M | 13.71M | 12.51M | 10.4M | 8.4M | 6.6M | 5.8M |
| EBIT | 51.5M | -45.1M | 48.9M | 76.4M | 67.2M | 126.6M | 80.68M | 113.74M | 113.27M | 132.42M | 86.69M | 82.36M | 89.73M | 62.19M | 49.29M | 53.92M | 40.19M | -6.67M | 9.86M | 17.79M | 44.26M | 27.39M | 36.92M | 21.57M | 16.32M | 15.04M | 29.48M | 24.3M | 19.6M | 20.4M | 13.7M |
| Net Interest Income | 1.1M | 800K | -800K | -10.1M | -9.55M | -2.54M | -3.94M | -7.07M | -6.63M | -6.13M | -3.93M | -4.48M | -2.95M | -3.48M | -4.3M | -4.91M | 184K | 377K | 2.95M | 2.08M | 2.35M | 911K | 260K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 1.9M | 800K | 1.4M | 1.2M | 685K | 541K | 939K | 1.61M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 184K | 377K | 2.95M | 2.08M | 2.35M | 1.06M | 406K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 800K | 0 | 2.2M | 11.3M | 10.23M | 3.08M | 4.88M | 8.68M | 6.63M | 6.13M | 3.93M | 4.48M | 2.95M | 3.48M | 4.3M | 4.91M | 0 | 0 | 0 | 0 | 0 | 150K | 146K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | -12M | -97.2M | 9.4M | -9M | -4M | 9.1M | 1.2M | -55.35M | -2.12M | 3.79M | 1.38M | -10.08M | -17K | -395K | -26.64M | 1.61M | 12.83M | -14.29M | 15.24M | 10.93M | 14.07M | 7.05M | 6.39M | 13.46M | 10.63M | 7.93M | 8.15M | 1.5M | -400K | 1.6M | 3.9M |
| Pretax Income | -32.2M | -45.1M | 34.3M | 76.3M | 140.4M | 126.3M | 68.53M | 55.13M | 110.59M | 132.93M | 82.28M | 66.17M | 81.22M | 49.72M | 22.65M | 55.09M | 40.19M | -20.15M | 25.11M | 25.18M | 58.33M | 11.79M | 46.78M | 35.03M | 24.81M | 20.98M | 37.63M | 25.8M | 19.2M | 22M | 17.6M |
| Pretax Margin % | -3.96% | -5.56% | 4.13% | 8.4% | 14.46% | 13.54% | 8.54% | 6.14% | 12.58% | 16.19% | 12.54% | 10.32% | 13.3% | 9.25% | 4.54% | 9.96% | 10.6% | -6.9% | 6.87% | 5.84% | 12.83% | 3.31% | 12.82% | 14.4% | 11.31% | 9.71% | 15.16% | 10.41% | 8.86% | 11.6% | 12.44% |
| Income Tax | 23.7M | 16.7M | 8.2M | 19.7M | 23.8M | 18.2M | 18.54M | 7.81M | 22.94M | 52.47M | 34M | 19.85M | 27.81M | 11.52M | 46.48M | 11.28M | 5.62M | 42.72M | 3.49M | 3.32M | 11.88M | -4.65M | 6.68M | 8.76M | 6.2M | 5.25M | 10.91M | 7.2M | 5.4M | 5.5M | 3.7M |
| Effective Tax Rate % | -73.6% | -37.03% | 23.91% | 25.82% | 16.95% | 14.41% | 27.06% | 14.16% | 20.74% | 39.47% | 41.32% | 30% | 34.24% | 23.17% | 205.23% | 20.48% | 13.97% | -212.03% | 13.9% | 13.17% | 20.36% | -39.49% | 14.28% | 25% | 25% | 25% | 29% | 27.91% | 28.13% | 25% | 21.02% |
| Net Income | -55.9M | -61.8M | 26.1M | 56.6M | 116.6M | 108.1M | 49.99M | 47.32M | 87.65M | 80.46M | 48.28M | 46.32M | 52.88M | 37.76M | 68.69M | 37.05M | 34.57M | -62.87M | 26.52M | 22.12M | 46.46M | 16.44M | 40.1M | 26.27M | 18.61M | 15.73M | 26.72M | 18.6M | 13.8M | 16.5M | 13.9M |
| Net Margin % | -6.87% | -7.62% | 3.14% | 6.23% | 12.01% | 11.59% | 6.23% | 5.27% | 9.97% | 9.8% | 7.36% | 7.22% | 8.66% | 7.03% | 13.77% | 6.7% | 9.12% | -21.54% | 7.26% | 5.13% | 10.22% | 4.62% | 10.99% | 10.8% | 8.48% | 7.28% | 10.76% | 7.51% | 6.37% | 8.7% | 9.82% |
| Net Income Growth % | -430.77% | -336.78% | -53.89% | -51.46% | 7.86% | 116.24% | 5.64% | -46.01% | 8.94% | 66.64% | 4.24% | -12.41% | 40.05% | -45.02% | 85.36% | 7.19% | 154.99% | -337.11% | 19.85% | -52.38% | 182.58% | -59% | 52.61% | 41.21% | 18.26% | -41.12% | 43.66% | 34.78% | -16.36% | 18.7% | 6.11% |
| Net Income (Continuing) | -55.9M | -61.8M | 26.1M | 56.6M | 116.6M | 108.1M | 49.99M | 47.32M | 87.65M | 80.46M | 48.28M | 46.32M | 53.41M | 38.2M | 0 | 44.25M | 38.55M | -62.87M | 21.62M | 21.87M | 46.46M | 16.44M | 34.07M | 26.27M | 18.61M | 15.73M | 26.72M | 18.6M | 13.8M | 16.5M | 13.9M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 102K | 0 | 0 | 0 | 0 | 0 | 256K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -3.04 | -3.36 | 1.40 | 3.03 | 6.15 | 5.73 | 2.67 | 2.53 | 4.70 | 4.34 | 2.65 | 2.48 | 2.86 | 2.16 | 4.04 | 2.21 | 2.16 | -4.01 | 1.67 | 1.32 | 2.69 | 0.98 | 2.30 | 1.77 | 1.16 | 0.98 | 1.69 | 1.23 | 0.87 | 0.53 | 0.46 |
| EPS Growth % | -430.28% | -340% | -53.8% | -50.73% | 7.33% | 114.61% | 5.53% | -46.17% | 8.29% | 63.77% | 6.85% | -13.29% | 32.41% | -46.53% | 82.81% | 2.31% | 153.87% | -340.12% | 26.52% | -50.93% | 174.49% | -57.39% | 29.94% | 52.59% | 18.37% | -42.01% | 37.4% | 41.38% | 64.15% | 15.22% | 6.98% |
| EPS (Basic) | - | -3.36 | 1.40 | 3.04 | 6.21 | 5.77 | 2.68 | 2.55 | 4.77 | 4.43 | 2.68 | 2.52 | 2.94 | 2.23 | 4.18 | 2.31 | 2.19 | -4.01 | 1.69 | 1.34 | 2.77 | 1.01 | 2.41 | 1.83 | 1.20 | 1.03 | 1.79 | 1.25 | 0.91 | 0.56 | 0.48 |
| Diluted Shares Outstanding | 18.4M | 18.4M | 18.6M | 18.7M | 18.95M | 18.86M | 18.71M | 18.71M | 18.66M | 18.55M | 18.22M | 18.68M | 18.7M | 17.77M | 16.99M | 16.74M | 16.01M | 15.69M | 15.92M | 16.75M | 17.29M | 16.72M | 16.44M | 16M | 16.02M | 16M | 15.85M | 15.11M | 15.8M | 15.09M | 14.81M |
| Basic Shares Outstanding | 18.4M | 18.4M | 18.6M | 18.6M | 18.78M | 18.73M | 18.68M | 18.57M | 18.37M | 18.15M | 17.99M | 18.37M | 18.18M | 17.2M | 16.43M | 16.04M | 15.8M | 15.69M | 15.71M | 16.56M | 16.75M | 16.31M | 16.44M | 16M | 15.47M | 15.27M | 14.9M | 14.84M | 15.2M | 15.09M | 14.81M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Geopolitical and cyclical exposure
According to recent quarterly filings, Rogers Corporation's revenue growth has transitioned from a period of contraction to a 5.2% year-over-year increase in 2026Q1, suggesting that the company may be emerging from the cyclical headwinds that previously pressured its core electronics and industrial material segments.
The return to positive top-line growth indicates that the destocking cycle in the 5G infrastructure and automotive sectors may be bottoming out. Investors should monitor whether this trajectory is sustainable or merely a reflection of easier year-over-year comparisons following the significant revenue declines observed throughout 2024.
As reported in financial statements, Rogers' gross margin has hovered near 31-32% over the last several quarters, reflecting a high fixed-cost manufacturing base that appears sensitive to fluctuations in capacity utilization across its Advanced Electronics Solutions segment and broader industrial material demand.
The inability to consistently expand gross margins above the 32% level suggests that the company faces ongoing pricing pressure or elevated input costs for specialty resins and copper. This margin profile warrants investigation into whether the current product mix shift toward EV power modules can eventually drive higher value-added pricing.
Based on Rogers' reported figures, the significant net loss of $73.6 million in 2025Q2 highlights the impact of non-recurring merger-related expenses, which appear to have temporarily masked the underlying operational profitability of the firm's core material science business during that specific fiscal period.
The volatility in net income, particularly the sharp swing from a $67.5 million operating loss in 2025Q2 to a return to profitability in subsequent quarters, suggests that investors should focus on normalized operating income to gauge true performance. The normalization of these charges appears to be a critical step in restoring investor confidence in the company's standalone earnings potential.
Data from recent income statements indicates that Rogers has maintained relatively disciplined SG&A spending, which has generally trended between $41 million and $52 million, even as the company navigated the complex financial fallout from the terminated DuPont acquisition and subsequent strategic pivot.
The management of operating expenses appears to be a key lever for protecting cash flow during periods of revenue softness. Continued scrutiny of R&D spending is warranted, as the company must balance the need for innovation in high-frequency materials with the necessity of maintaining a lean cost structure.
Quick answers to the most common questions about buying ROG stock.
For fiscal year 2025, Rogers Corporation (ROG) reported total revenue of $810.8M. This represents a 473.0% increase compared to $141.5M in 1996.
Rogers Corporation (ROG) reported a net loss of $61.8M for the fiscal year ending 2025.
Rogers Corporation (ROG) reported an operating income of $52.1M, resulting in an operating profit margin of 6.4%. This margin reflects the operational efficiency of the business before interest and taxes.
Rogers Corporation (ROG) generated $256.8M in gross profit for the year, representing a gross profit margin of 31.7%. This demonstrates the company's core pricing power and production efficiency.