Revenue contraction and structural margin compression are evident, with the company reporting a 26.2% year-over-year revenue decline and a negative 5.6% operating margin in 2026Q1.
| 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 | 804.22M | 861.26M | 908.29M | 975.82M | 899.92M | 770.46M | 648.01M | 834.29M | 866.2M | 824.44M | 695.98M | 644.81M | 660.58M | 947.83M | 938.51M | 765.37M | 635.23M | 475.15M | 752.7M | 727.12M | 708.7M | 671.58M | 681.79M | 606.66M | 636.51M | 584.47M | 667.19M | 675.2M | 503.8M | 449.5M | 363.7M |
| Revenue Growth % | -9.34% | -5.18% | -6.92% | 8.43% | 16.8% | 18.9% | -22.33% | -3.68% | 5.06% | 18.46% | 7.93% | -2.39% | -30.31% | 0.99% | 22.62% | 20.49% | 33.69% | -36.87% | 3.52% | 2.6% | 5.53% | -1.5% | 12.38% | -4.69% | 8.9% | -12.4% | -1.19% | 34.02% | 12.08% | 23.59% | - |
| Cost of Goods Sold | 643.56M | 697.22M | 719.04M | 773.72M | 725M | 603.6M | 493.81M | 620.56M | 609.57M | 576.3M | 500.54M | 467.83M | 469.7M | 721.81M | 713.87M | 618.6M | 490.39M | 387.17M | 586.41M | 559.4M | 549.79M | 523M | 507.6M | 450.63M | 471.19M | 449.39M | 467.4M | 459.4M | 365.2M | 328.1M | 278.1M |
| COGS % of Revenue | - | 80.95% | 79.16% | 79.29% | 80.56% | 78.34% | 76.2% | 74.38% | 70.37% | 69.9% | 71.92% | 72.55% | 71.1% | 76.15% | 76.06% | 80.82% | 77.2% | 81.48% | 77.91% | 76.93% | 77.58% | 77.88% | 74.45% | 74.28% | 74.03% | 76.89% | 70.05% | 68.04% | 72.49% | 72.99% | 76.46% |
| Gross Profit | 160.66M | 164.04M | 189.25M | 202.1M | 174.93M | 166.86M | 154.2M | 213.73M | 256.63M | 248.14M | 195.44M | 176.98M | 190.87M | 226.02M | 224.64M | 146.78M | 144.84M | 87.98M | 166.29M | 167.72M | 158.91M | 148.59M | 174.2M | 156.03M | 165.32M | 135.08M | 199.79M | 215.8M | 138.6M | 121.4M | 85.6M |
| Gross Margin % | 19.98% | 19.05% | 20.84% | 20.71% | 19.44% | 21.66% | 23.8% | 25.62% | 29.63% | 30.1% | 28.08% | 27.45% | 28.89% | 23.85% | 23.94% | 19.18% | 22.8% | 18.52% | 22.09% | 23.07% | 22.42% | 22.13% | 25.55% | 25.72% | 25.97% | 23.11% | 29.95% | 31.96% | 27.51% | 27.01% | 23.54% |
| Gross Profit Growth % | - | -13.32% | -6.36% | 15.53% | 4.84% | 8.21% | -27.86% | -16.72% | 3.42% | 26.97% | 10.43% | -7.28% | -15.55% | 0.61% | 53.05% | 1.34% | 64.61% | -47.09% | -0.86% | 5.55% | 6.94% | -14.7% | 11.64% | -5.62% | 22.38% | -32.39% | -7.42% | 55.7% | 14.17% | 41.82% | - |
| Operating Expenses | 179.38M | 175.88M | 189.63M | 189.26M | 171.99M | 151.45M | 161.86M | 142.45M | 189.63M | 190.77M | 151.36M | 149.16M | 165.24M | 186.32M | 195.91M | 128.31M | 122.03M | 102.58M | 201.17M | 132M | 123.23M | 120.6M | 299.77M | 97.66M | 92.13M | 99.59M | 124.63M | 118.5M | 81.9M | 69M | 56.7M |
| OpEx % of Revenue | - | 20.42% | 20.88% | 19.4% | 19.11% | 19.66% | 24.98% | 17.07% | 21.89% | 23.14% | 21.75% | 23.13% | 25.01% | 19.66% | 20.88% | 16.76% | 19.21% | 21.59% | 26.73% | 18.15% | 17.39% | 17.96% | 43.97% | 16.1% | 14.47% | 17.04% | 18.68% | 17.55% | 16.26% | 15.35% | 15.59% |
| Selling, General & Admin | 125.35M | 115.68M | 117.46M | 114.07M | 106.69M | 116M | 112.47M | 123.85M | 138.55M | 141.89M | 111.14M | 110.37M | 123.63M | 186.32M | 195.91M | 128.31M | 122.03M | 102.58M | 136.56M | 133.71M | 124.54M | 120.6M | 116.32M | 97.66M | 92.13M | 99.59M | 95.95M | 90.6M | 67.5M | 55.8M | 46.7M |
| SG&A % of Revenue | - | 13.43% | 12.93% | 11.69% | 11.86% | 15.06% | 17.36% | 14.85% | 16% | 17.21% | 15.97% | 17.12% | 18.72% | 19.66% | 20.88% | 16.76% | 19.21% | 21.59% | 18.14% | 18.39% | 17.57% | 17.96% | 17.06% | 16.1% | 14.47% | 17.04% | 14.38% | 13.42% | 13.4% | 12.41% | 12.84% |
| Research & Development | 54.03M | 60.21M | 72.17M | 89.88M | 65.3M | 66.17M | 49.39M | 52.2M | 51.07M | 48.88M | 40.21M | 38.79M | 41.61M | 57.35M | 55.31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | 6.99% | 7.95% | 9.21% | 7.26% | 8.59% | 7.62% | 6.26% | 5.9% | 5.93% | 5.78% | 6.02% | 6.3% | 6.05% | 5.89% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | -14.7M | 0 | -30.72M | 0 | -33.6M | 736K | -641K | 147K | 0 | -565K | -1.1M | -4.9M | 0 | 0 | 0 | 64.6M | -1.71M | -1.3M | 0 | 183.45M | 0 | 0 | 0 | 28.68M | 27.9M | 14.4M | 13.2M | 10M |
| Operating Income | -18.72M | -11.84M | -381K | 12.84M | 2.94M | 15.41M | -7.66M | 71.28M | 67M | 57.37M | 44.08M | 27.82M | -25.82M | 39.7M | 28.73M | 13.53M | 22.8M | -18.24M | -43.27M | 34.8M | 35.06M | 23.23M | -125.57M | 58.37M | 73.19M | 35.49M | 75.17M | 97.3M | 56.7M | 52.4M | 28.9M |
| Operating Margin % | -2.33% | -1.37% | -0.04% | 1.32% | 0.33% | 2% | -1.18% | 8.54% | 7.74% | 6.96% | 6.33% | 4.31% | -3.91% | 4.19% | 3.06% | 1.77% | 3.59% | -3.84% | -5.75% | 4.79% | 4.95% | 3.46% | -18.42% | 9.62% | 11.5% | 6.07% | 11.27% | 14.41% | 11.25% | 11.66% | 7.95% |
| Operating Income Growth % | - | -3007.35% | -102.97% | 337.34% | -80.96% | 301.08% | -110.75% | 6.38% | 16.79% | 30.14% | 58.48% | 207.71% | -165.04% | 38.2% | 112.4% | -40.68% | 225% | 57.84% | -224.35% | -0.75% | 50.96% | 118.5% | -315.13% | -20.25% | 106.19% | -52.78% | -22.75% | 71.6% | 8.21% | 81.31% | - |
| EBITDA | 12.5M | 20.65M | 34.61M | 46.53M | 37.71M | 49.88M | 25.57M | 102.76M | 96.2M | 85.3M | 67.34M | 50.61M | 4.26M | 74.93M | 64.05M | 32.37M | 41.87M | 2.69M | -15.76M | 64.62M | 62.62M | 50.65M | -98.81M | 83.45M | 99.6M | 65.06M | 103.85M | 125.2M | 71.1M | 65.6M | 38.9M |
| EBITDA Margin % | 1.55% | 2.4% | 3.81% | 4.77% | 4.19% | 6.47% | 3.95% | 12.32% | 11.11% | 10.35% | 9.68% | 7.85% | 0.64% | 7.91% | 6.82% | 4.23% | 6.59% | 0.57% | -2.09% | 8.89% | 8.84% | 7.54% | -14.49% | 13.76% | 15.65% | 11.13% | 15.56% | 18.54% | 14.11% | 14.59% | 10.7% |
| EBITDA Growth % | -59.55% | -40.34% | -25.61% | 23.38% | -24.4% | 95.07% | -75.12% | 6.83% | 12.77% | 26.67% | 33.05% | 1088.63% | -94.32% | 16.99% | 97.85% | -22.69% | 1459.52% | 117.04% | -124.38% | 3.19% | 23.65% | 151.26% | -218.41% | -16.22% | 53.08% | -37.35% | -17.06% | 76.09% | 8.38% | 68.64% | - |
| D&A (Non-Cash Add-back) | 31.22M | 32.49M | 34.99M | 33.69M | 34.77M | 34.47M | 33.23M | 31.48M | 29.19M | 27.93M | 23.26M | 22.8M | 30.08M | 35.23M | 35.32M | 18.85M | 19.07M | 20.93M | 27.52M | 29.82M | 27.56M | 27.42M | 26.76M | 25.08M | 26.41M | 29.57M | 28.68M | 27.9M | 14.4M | 13.2M | 10M |
| EBIT | -49.09M | -41.87M | 850K | 11.37M | -3.6M | 17.63M | -4.6M | 72.72M | 69.78M | 58.37M | 45.46M | 26.59M | -35.54M | 41.42M | 16.06M | 88.88M | 33.08M | -11.36M | 30.3M | 35.73M | 35.67M | 27.99M | -125.57M | 58.37M | 73.19M | 35.49M | 75.17M | 97.32M | 56.72M | 52.4M | 28.9M |
| Net Interest Income | -14.1M | -13.58M | -14.45M | -13M | -7.1M | -5.19M | -6.12M | -4.32M | -4.72M | -5.78M | -6.28M | -6.37M | -16.88M | -18.1M | -19.87M | -17.23M | -21.78M | -21.96M | 20.57M | -21.76M | -21.74M | -23.87M | -24.46M | -27.65M | -34.62M | -31.31M | -29.49M | 0 | -700K | 0 | -4.3M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 14.1M | 13.58M | 14.45M | 13M | 7.1M | 5.19M | 6.12M | 4.32M | 4.72M | 5.78M | 6.28M | 6.37M | 16.88M | 18.1M | 20.03M | 17.23M | 21.78M | 21.96M | 20.57M | 21.76M | 21.74M | 23.87M | 24.46M | 27.65M | 34.62M | 31.31M | 29.49M | 29.7M | 700K | 0 | 4.3M |
| Other Income/Expense | -44.47M | -43.61M | -13.22M | -14.76M | -13.63M | -2.98M | -3.06M | -2.89M | -1.95M | -4.79M | -4.9M | -7.58M | -27.24M | -21.67M | -23.71M | 58.12M | -12.22M | -15.08M | -7.5M | -11.57M | -15.42M | -18.79M | -23.59M | -27.35M | -35.1M | -31.6M | -28.37M | -30.22M | -721K | -1.5M | -4.3M |
| Pretax Income | -63.18M | -55.45M | -13.6M | -1.92M | -10.7M | 12.44M | -10.72M | 68.39M | 65.06M | 52.58M | 39.19M | 20.23M | -53.06M | 20.73M | 4.56M | 71.64M | 11.3M | -33.33M | -50.77M | 23.22M | 19.64M | 4.44M | -149.16M | 31.02M | 38.09M | 3.9M | 46.79M | 67.1M | 56M | 50.9M | 24.6M |
| Pretax Margin % | -7.86% | -6.44% | -1.5% | -0.2% | -1.19% | 1.61% | -1.65% | 8.2% | 7.51% | 6.38% | 5.63% | 3.14% | -8.03% | 2.19% | 0.49% | 9.36% | 1.78% | -7.01% | -6.75% | 3.19% | 2.77% | 0.66% | -21.88% | 5.11% | 5.98% | 0.67% | 7.01% | 9.94% | 11.12% | 11.32% | 6.76% |
| Income Tax | 47.04M | 47.38M | 2.93M | 3.26M | 3.36M | 9.03M | -2.77M | 8.1M | 11.21M | 7.53M | -36.39M | -547K | -1.86M | 4.23M | 812K | 26.11M | 678K | -1M | 46.75M | 6.55M | 5.13M | 3.5M | -56.65M | 9.64M | 13.43M | 950K | 14.09M | 25.9M | 22.6M | 3.9M | 500K |
| Effective Tax Rate % | -74.44% | -85.45% | -21.53% | -169.67% | -31.41% | 72.61% | 25.87% | 11.85% | 17.23% | 14.33% | -92.86% | -2.7% | 3.5% | 20.38% | 17.81% | 36.44% | 6% | 3.01% | -92.08% | 28.22% | 26.1% | 78.97% | 37.98% | 31.08% | 35.25% | 24.38% | 30.1% | 38.6% | 40.36% | 7.66% | 2.03% |
| Net Income | -113.4M | -102.83M | -16.52M | -5.18M | -14.06M | 3.41M | -7.95M | 60.29M | 53.85M | 45.18M | 77.46M | 22.77M | -47.11M | 15.13M | 5.36M | 49.36M | 10.81M | -32.41M | -97.53M | 16.67M | 14.51M | 933K | -92.5M | 21.38M | -48.78M | 2.95M | 32.71M | 41.2M | 33.4M | 47M | 24.1M |
| Net Margin % | -14.1% | -11.94% | -1.82% | -0.53% | -1.56% | 0.44% | -1.23% | 7.23% | 6.22% | 5.48% | 11.13% | 3.53% | -7.13% | 1.6% | 0.57% | 6.45% | 1.7% | -6.82% | -12.96% | 2.29% | 2.05% | 0.14% | -13.57% | 3.52% | -7.66% | 0.5% | 4.9% | 6.1% | 6.63% | 10.46% | 6.63% |
| Net Income Growth % | -544.54% | -522.34% | -218.81% | 63.13% | -512.68% | 142.84% | -113.19% | 11.97% | 19.19% | -41.68% | 240.13% | 148.34% | -411.33% | 182.24% | -89.14% | 356.63% | 133.36% | 66.77% | -685.01% | 14.87% | 1455.52% | 101.01% | -532.68% | 143.83% | -1755.74% | -90.99% | -20.61% | 23.35% | -28.94% | 95.02% | - |
| Net Income (Continuing) | -110.22M | -102.83M | -16.52M | -5.18M | -14.06M | 3.41M | -7.95M | 60.29M | 53.85M | 45.05M | 75.57M | 20.78M | -51.2M | 20.53M | 3.75M | 45.54M | 11.35M | -32.32M | -97.53M | 16.67M | 14.51M | 933K | -92.5M | 21.38M | 24.66M | 2.95M | 32.71M | 41.2M | 33.4M | 47M | 24.1M |
| Discontinued Operations | -1000K | 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 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.76M | 13.31M | 22.55M | 39.54M | 44.08M | 49.61M | 4.31M | 4.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -4.06 | -3.70 | -0.60 | -0.19 | -0.52 | 0.12 | -0.29 | 2.13 | 1.85 | 1.57 | 2.74 | 0.81 | -1.75 | 0.56 | 0.20 | 2.00 | 0.44 | -1.37 | -4.17 | 0.71 | 0.63 | 0.04 | -4.09 | 0.94 | -2.16 | 0.13 | 1.46 | 1.84 | 1.49 | 2.92 | 1.73 |
| EPS Growth % | -535.94% | -516.67% | -215.79% | 63.46% | -533.33% | 141.38% | -113.61% | 15.14% | 17.83% | -42.7% | 238.27% | 146.29% | -412.5% | 180% | -90% | 354.55% | 132.12% | 67.15% | -687.32% | 12.7% | 1475% | 100.98% | -535.11% | 143.52% | -1761.54% | -91.1% | -20.65% | 23.49% | -48.97% | 68.79% | - |
| EPS (Basic) | - | -3.70 | -0.60 | -0.19 | -0.52 | 0.13 | -0.29 | 2.17 | 1.90 | 1.61 | 2.79 | 0.83 | -1.75 | 0.57 | 0.20 | 2.04 | 0.45 | -1.37 | -4.17 | 0.72 | 0.63 | 0.04 | -4.09 | 0.95 | -2.18 | 0.13 | 1.46 | 1.84 | 1.49 | 2.92 | 1.73 |
| Diluted Shares Outstanding | 27.9M | 27.8M | 27.6M | 27.44M | 27.26M | 27.42M | 27.02M | 28.27M | 29.08M | 28.77M | 28.31M | 27.96M | 26.92M | 27.19M | 27.03M | 24.64M | 24.33M | 23.63M | 23.37M | 23.55M | 23.06M | 22.77M | 22.62M | 22.68M | 22.58M | 22.66M | 22.4M | 22.41M | 22.48M | 16.1M | 13.93M |
| Basic Shares Outstanding | 27.9M | 27.8M | 27.6M | 27.28M | 27.26M | 27.11M | 27.02M | 27.79M | 28.4M | 28.08M | 27.76M | 27.34M | 26.92M | 26.67M | 26.38M | 24.18M | 23.95M | 23.63M | 23.37M | 23.13M | 22.87M | 22.71M | 22.62M | 22.41M | 22.38M | 22.66M | 22.4M | 22.4M | 22.4M | 16.1M | 13.93M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 7.78% | 223.4% | 54.77% |
Persistent negative operating margins
As reported in recent financial filings, Stoneridge experienced a significant 26.2% year-over-year revenue decline in 2026Q1, signaling a sharp deceleration in top-line performance that suggests the company is struggling to maintain volume in its core commercial vehicle markets amidst broader automotive production volatility and shifting OEM demand.
The consistent quarterly revenue decay suggests that the company's reliance on cyclical Class 8 truck production is currently a significant liability. Investors should monitor whether this trend represents a temporary trough in the production cycle or a more structural loss of market share in its legacy product segments.
Based on the provided income statement data, Stoneridge's gross margin has struggled to sustain levels above 22%, with the most recent quarter showing a 21.7% margin that appears insufficient to cover the company's high fixed-cost base and ongoing R&D investments in advanced vision systems.
The inability to expand gross margins despite the strategic pivot toward higher-value electronics suggests that the company lacks the pricing power necessary to offset inflationary input costs. This margin profile warrants further investigation into whether the current product mix is fundamentally dilutive to long-term profitability targets.
According to the company's latest quarterly results, operating income has deteriorated into negative territory, reaching -$9.0M in 2026Q1, which indicates that the firm is currently unable to achieve the necessary scale to leverage its fixed operating expenses against declining gross profit contributions.
The transition to negative operating margins suggests that the company's cost structure is currently misaligned with its revenue generation capacity. Without a meaningful recovery in top-line volume, the firm may continue to face significant challenges in achieving operational break-even, potentially pressuring liquidity over the coming quarters.
As evidenced by the financial statements, Stoneridge reported a net loss of $17.8M in 2026Q1, a figure that highlights the volatility of bottom-line results and the ongoing impact of non-operating items and stock-based compensation on the company's overall earnings quality during this period of operational transition.
The persistent net losses suggest that the company's current business model is not yet generating sustainable shareholder value. Analysts should scrutinize the impact of stock-based compensation and other non-cash charges, which appear to be exacerbating the reported losses during periods of revenue weakness.
Quick answers to the most common questions about buying SRI stock.
For fiscal year 2025, Stoneridge, Inc. (SRI) reported total revenue of $861.3M. This represents a 136.8% increase compared to $363.7M in 1996.
Stoneridge, Inc. (SRI) reported a net loss of $102.8M for the fiscal year ending 2025.
Stoneridge, Inc. (SRI) reported an operating income of $-11.8M, resulting in an operating profit margin of -1.4%. This margin reflects the operational efficiency of the business before interest and taxes.
Stoneridge, Inc. (SRI) generated $164.0M in gross profit for the year, representing a gross profit margin of 19.0%. This demonstrates the company's core pricing power and production efficiency.