Operating margins remain constrained by a high fixed-cost structure, fluctuating between 8.6% and 15.7% over the last ten quarters as revenue growth remains challenged by cyclical automotive demand.
| 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 |
|---|
| Sales/Revenue | 3.73B | 3.7B | 3.94B | 4.07B | 4.08B | 3.81B | 3.03B | 3.42B | 3.5B | 3.31B | 3.18B | 2.87B | 2.41B | 1.98B | 1.92B | 1.83B | 1.54B | 1.13B | 1.42B | 1.4B |
| Revenue Growth % | -3.05% | -5.86% | -3.34% | -0.1% | 6.92% | 25.59% | -11.38% | -2.26% | 5.92% | 3.86% | 11.12% | 18.91% | 21.54% | 3.45% | 4.92% | 18.63% | 35.7% | -20.22% | 1.38% | - |
| Cost of Goods Sold | 2.69B | 2.7B | 2.95B | 2.99B | 2.87B | 2.7B | 2.23B | 2.41B | 2.4B | 2.29B | 2.26B | 2.14B | 1.72B | 1.4B | 1.41B | 1.31B | 1.1B | 895.16M | 951.76M | 944.76M |
| COGS % of Revenue | - | 72.9% | 74.87% | 73.4% | 70.48% | 70.8% | 73.6% | 70.32% | 68.52% | 69.18% | 71.11% | 74.81% | 71.33% | 70.62% | 73.41% | 71.62% | 71.19% | 78.87% | 66.9% | 67.33% |
| Gross Profit | 1.04B | 1B | 989M | 1.08B | 1.2B | 1.11B | 801.3M | 1.02B | 1.1B | 1.02B | 919.9M | 722.02M | 690.96M | 582.66M | 509.62M | 518.53M | 443.67M | 239.78M | 470.89M | 458.49M |
| Gross Margin % | 27.95% | 27.1% | 25.13% | 26.6% | 29.52% | 29.2% | 26.4% | 29.68% | 31.48% | 30.82% | 28.89% | 25.19% | 28.67% | 29.38% | 26.59% | 28.38% | 28.81% | 21.13% | 33.1% | 32.67% |
| Gross Profit Growth % | - | 1.53% | -8.68% | -9.98% | 8.08% | 38.92% | -21.17% | -7.82% | 8.19% | 10.8% | 27.41% | 4.5% | 18.59% | 14.33% | -1.72% | 16.87% | 85.03% | -49.08% | 2.71% | - |
| Operating Expenses | 511.92M | 490M | 561.47M | 529.52M | 559.99M | 496.06M | 426.15M | 429.87M | 452.84M | 433.01M | 419.47M | 395.03M | 302.28M | 221.09M | 149.73M | 209.39M | 215.46M | 143.75M | 353.64M | 331.02M |
| OpEx % of Revenue | - | 13.23% | 14.27% | 13.01% | 13.74% | 13.01% | 14.04% | 12.55% | 12.93% | 13.09% | 13.17% | 13.78% | 12.54% | 11.15% | 7.81% | 11.46% | 13.99% | 12.67% | 24.86% | 23.59% |
| Selling, General & Admin | 363.6M | 356.2M | 392.2M | 350.65M | 370.64M | 336.99M | 294.73M | 281.44M | 305.56M | 302.81M | 293.59M | 271.36M | 220.1M | 163.15M | 141.89M | 164.79M | 194.62M | 126.95M | 315.39M | 297.13M |
| SG&A % of Revenue | - | 9.62% | 9.97% | 8.61% | 9.09% | 8.84% | 9.71% | 8.22% | 8.72% | 9.15% | 9.22% | 9.47% | 9.13% | 8.23% | 7.4% | 9.02% | 12.64% | 11.19% | 22.17% | 21.17% |
| Research & Development | 128.92M | 133.8M | 169.28M | 178.87M | 189.34M | 159.07M | 131.43M | 148.43M | 147.28M | 130.2M | 126.67M | 123.67M | 82.18M | 57.95M | 52.07M | 44.6M | 24.66M | 16.8M | 38.26M | 33.89M |
| R&D % of Revenue | - | 3.61% | 4.3% | 4.39% | 4.65% | 4.17% | 4.33% | 4.33% | 4.2% | 3.94% | 3.98% | 4.32% | 3.41% | 2.92% | 2.72% | 2.44% | 1.6% | 1.48% | 2.69% | 2.42% |
| Other Operating Expenses | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 40.15M | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 530M | 514.1M | 427.53M | 553.51M | 643.08M | 617.09M | 375.14M | 586.66M | 649.97M | 586.27M | 500.43M | 327M | 388.67M | 361.56M | 359.89M | 309.14M | 228.21M | 96.03M | 117.25M | 127.47M |
| Operating Margin % | 14.22% | 13.88% | 10.86% | 13.6% | 15.78% | 16.19% | 12.36% | 17.13% | 18.55% | 17.72% | 15.71% | 11.41% | 16.13% | 18.23% | 18.78% | 16.92% | 14.82% | 8.46% | 8.24% | 9.08% |
| Operating Income Growth % | - | 20.25% | -22.76% | -13.93% | 4.21% | 64.5% | -36.05% | -9.74% | 10.86% | 17.15% | 53.04% | -15.87% | 7.5% | 0.47% | 16.42% | 35.46% | 137.63% | -18.09% | -8.02% | - |
| EBITDA | 774.68M | 770.5M | 740.41M | 860.48M | 924.05M | 876.18M | 630.37M | 845.41M | 895.31M | 856.64M | 808.83M | 609.68M | 601.18M | 546.84M | 559.35M | 495.09M | 419.91M | 297.54M | 317.37M | 316.74M |
| EBITDA Margin % | 20.78% | 20.8% | 18.82% | 21.14% | 22.67% | 22.99% | 20.77% | 24.69% | 25.55% | 25.9% | 25.4% | 21.27% | 24.94% | 27.58% | 29.18% | 27.1% | 27.27% | 26.22% | 22.31% | 22.57% |
| EBITDA Growth % | 6.28% | 4.06% | -13.95% | -6.88% | 5.46% | 38.99% | -25.44% | -5.57% | 4.51% | 5.91% | 32.66% | 1.41% | 9.94% | -2.24% | 12.98% | 17.9% | 41.13% | -6.25% | 0.2% | - |
| D&A (Non-Cash Add-back) | 244.68M | 256.4M | 312.88M | 306.96M | 280.97M | 259.09M | 255.23M | 258.75M | 245.34M | 270.37M | 308.4M | 282.68M | 212.51M | 185.28M | 199.47M | 185.95M | 191.71M | 201.51M | 200.12M | 189.27M |
| EBIT | 524.52M | 272.4M | 143.96M | 200.03M | 575.52M | 593.21M | 337.4M | 548.98M | 680.05M | 577.96M | 496.47M | 343.25M | 359.53M | 327.85M | 272.7M | 174.89M | 274.75M | 166.35M | 136.92M | 15.77M |
| Net Interest Income | -357.66M | -130M | -139.61M | -150.86M | -178.82M | -179.29M | -171.76M | -158.55M | -153.68M | -159.76M | -165.82M | -137.63M | -105.13M | -93.92M | -99.22M | -94.25M | -105.38M | -150.02M | -196.34M | -184.93M |
| Interest Income | 18.71M | 19.1M | 16.18M | 31.32M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.11M | 1.19M | 815K | 813K | 1.02M | 573K | 1.5M | 2.57M |
| Interest Expense | 376.37M | 149.1M | 155.79M | 182.18M | 178.82M | 179.29M | 171.76M | 158.55M | 153.68M | 159.76M | 165.82M | 137.63M | 106.24M | 95.1M | 100.04M | 95.07M | 106.4M | 150.59M | 197.84M | 187.5M |
| Other Income/Expense | -381.85M | -390.8M | -439.37M | -535.67M | -246.38M | -203.18M | -209.5M | -196.24M | -123.6M | -183.83M | -178.99M | -121.37M | -135.25M | -127.63M | -187.22M | -233.81M | -59.85M | -80.27M | -178.17M | -299.2M |
| Pretax Income | 148.15M | 123.3M | -11.84M | 17.84M | 396.7M | 413.92M | 165.64M | 390.42M | 526.38M | 402.44M | 321.44M | 205.63M | 253.43M | 233.94M | 172.66M | 75.33M | 168.35M | 15.76M | -60.92M | -171.73M |
| Pretax Margin % | 3.97% | 3.33% | -0.3% | 0.44% | 9.73% | 10.86% | 5.46% | 11.4% | 15.02% | 12.17% | 10.09% | 7.18% | 10.51% | 11.8% | 9.01% | 4.12% | 10.93% | 1.39% | -4.28% | -12.24% |
| Income Tax | 99.71M | 92M | -140.31M | 21.75M | 86.02M | 50.34M | 1.35M | 107.71M | -72.62M | -5.92M | 59.01M | -142.07M | -30.32M | 45.81M | -4.82M | 68.86M | 38.3M | 43.05M | 53.53M | 62.5M |
| Effective Tax Rate % | 67.3% | 74.61% | 1185.38% | 121.91% | 21.68% | 12.16% | 0.82% | 27.59% | -13.8% | -1.47% | 18.36% | -69.09% | -11.97% | 19.58% | -2.79% | 91.41% | 22.75% | 273.12% | -87.87% | -36.4% |
| Net Income | 48.45M | 31.3M | 128.48M | -3.91M | 310.69M | 363.58M | 164.29M | 282.71M | 599M | 408.36M | 262.43M | 347.7M | 283.75M | 188.13M | 177.48M | 6.47M | 130.05M | -27.68M | -134.53M | -252.5M |
| Net Margin % | 1.3% | 0.84% | 3.26% | -0.1% | 7.62% | 9.54% | 5.41% | 8.26% | 17.1% | 12.35% | 8.24% | 12.13% | 11.77% | 9.49% | 9.26% | 0.35% | 8.44% | -2.44% | -9.46% | -17.99% |
| Net Income Growth % | -60.41% | -75.64% | 3386.7% | -101.26% | -14.55% | 121.31% | -41.89% | -52.8% | 46.68% | 55.6% | -24.52% | 22.54% | 50.83% | 6% | 2641.44% | -95.02% | 569.82% | 79.42% | 46.72% | - |
| Net Income (Continuing) | 48.44M | 31.3M | 128.48M | -3.91M | 310.69M | 363.58M | 164.29M | 282.71M | 599M | 408.36M | 262.43M | 347.7M | 283.75M | 188.13M | 177.48M | 6.47M | 130.05M | -27.29M | -114.45M | -234.24M |
| Discontinued Operations | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.33 | 0.21 | 0.85 | -0.03 | 1.99 | 2.28 | 1.04 | 1.75 | 3.53 | 2.37 | 1.53 | 2.03 | 1.65 | 1.05 | 0.98 | 0.04 | 1.75 | -0.19 | -0.93 | -1.75 |
| EPS Growth % | -59.26% | -75.29% | 3407.39% | -101.29% | -12.72% | 119.23% | -40.57% | -50.42% | 48.95% | 54.9% | -24.63% | 23.03% | 57.14% | 7.14% | 2350% | -97.71% | 1021.05% | 79.57% | 46.86% | - |
| EPS (Basic) | - | 0.21 | 0.85 | -0.03 | 2.00 | 2.30 | 1.04 | 1.76 | 3.55 | 2.39 | 1.54 | 2.05 | 1.67 | 1.07 | 1.00 | 0.04 | 1.76 | -0.19 | -0.93 | -1.75 |
| Diluted Shares Outstanding | 146.6M | 147.1M | 150.73M | 152.09M | 155.93M | 159.37M | 158.13M | 161.97M | 169.86M | 172.17M | 171.46M | 171.51M | 172.22M | 179.02M | 181.62M | 181.21M | 161.97M | 144.06M | 144.07M | 144.06M |
| Basic Shares Outstanding | 145.6M | 146.5M | 150.4M | 152.09M | 155.25M | 158.17M | 157.37M | 160.95M | 168.57M | 171.16M | 170.71M | 169.98M | 170.11M | 176.09M | 177.47M | 175.31M | 160.95M | 144.06M | 144.07M | 144.06M |
| Dividend Payout Ratio | - | 224.92% | 56.2% | - | 16.44% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cyclical automotive demand exposure
As reported in recent financial filings, Sensata's revenue trajectory has exhibited significant volatility, with a notable contraction of 5.86% year-over-year in recent periods, reflecting the company's sensitivity to global light vehicle production cycles and the ongoing, complex transition toward electric vehicle sensing architectures.
The revenue profile suggests a struggle to maintain consistent growth as the company navigates the shift from legacy internal combustion engine platforms to newer electrification opportunities. Investors should monitor whether the recent return to modest growth in 2026Q1 represents a durable recovery or merely a temporary stabilization in a highly cyclical end-market environment.
Based on the provided income statement data, Sensata's gross margins have fluctuated between 23.4% and 30.6%, indicating that the company's high fixed-cost manufacturing base struggles to maintain consistent profitability when faced with the volume volatility inherent in the automotive and industrial sensing sectors.
The disparity between gross margins and the thin net margin of 0.84% suggests that non-operating expenses or recurring restructuring charges are significantly diluting shareholder value. This margin profile appears weaker than specialized peers, implying that Sensata may lack the pricing power necessary to fully offset input cost inflation and cyclical demand shifts.
According to historical income statements, Sensata's operating income has failed to scale linearly with revenue, as evidenced by operating margins that frequently compress during periods of revenue decline, suggesting that the company's cost structure remains heavily weighted toward fixed operational and research expenditures.
The inability to consistently expand operating margins during revenue upticks warrants further investigation into the efficiency of the company's SG&A and R&D spending. It appears that the firm's reliance on specialized, high-reliability manufacturing limits its ability to achieve the operating leverage typically seen in more diversified industrial technology peers.
As indicated by the wide variance in net income, which includes significant quarterly losses such as the -$202.2M reported in 2023Q4, the quality of Sensata's reported earnings appears compromised by frequent non-operating charges and potential asset impairments that mask the underlying cash-generating capability of the business.
The frequent disconnect between operating income and net income suggests that investors should focus on normalized earnings metrics rather than headline EPS. The presence of recurring restructuring costs implies that management's transformation efforts have yet to result in a stable, predictable bottom-line performance for shareholders.
Quick answers to the most common questions about buying ST stock.
For fiscal year 2025, Sensata Technologies Holding plc (ST) reported total revenue of $3.70B. This represents a 164.0% increase compared to $1.40B in 2007.
Sensata Technologies Holding plc (ST) is profitable, generating $31.3M in net income for the fiscal year ending 2025 with a net profit margin of 0.8%.
Sensata Technologies Holding plc (ST) reported an operating income of $514.1M, resulting in an operating profit margin of 13.9%. This margin reflects the operational efficiency of the business before interest and taxes.
Sensata Technologies Holding plc (ST) generated $1.00B in gross profit for the year, representing a gross profit margin of 27.1%. This demonstrates the company's core pricing power and production efficiency.