Strattec Security Corporation (STRT) 10-Year Financial Performance & Capital Metrics

STRT • • Industrial / General

Consumer CyclicalAuto Parts & EquipmentSafety & Security SystemsVehicle Security & Access Control

AboutStrattec Security Corporation designs, develops, manufactures, and markets automotive access control products under the VAST Automotive Group brand primarily in North America. The company offers mechanical and electronically enhanced locks and keys, passive entry passive start systems, steering column and instrument panel ignition lock housings, latches, power sliding side door systems, power tailgate and lift gate systems, power deck lid systems, door handles, and related products. It also provides full service and aftermarket support services for its products. The company markets its products to automotive and light truck original equipment manufacturers, as well as other transportation-related manufacturers; and through wholesale distributors, other marketers, and users of component parts, as well as certain products to non-automotive commercial customers. It also exports its products to Europe, South America, Korea, China, and India. Strattec Security Corporation was founded in 1908 and is headquartered in Milwaukee, Wisconsin.Show more

Revenue $565M +5.1%
EBITDA $38M +9.3%
Net Income $19M +14.5%
EPS (Diluted) 4.58 +12.5%
Gross Margin 14.97% +22.9%
EBITDA Margin 6.64% +4.0%
Operating Margin 4.03% +21.7%
Net Margin 3.31% +9.0%
ROE 7.92% +5.9%
ROIC 8.75% +37.8%
Debt/Equity 0.05 -39.7%
Interest Coverage 22.63 +14.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓Momentum leader: RS Rating 86 (top 14%)
✓High quality earnings: Operating CF exceeds net income
✓Trading near 52-week high
✓Trading at only 1.4x book value

✗Weaknesses

✗Weak 3Y average ROE of 4.1%
✗Thin 5Y average net margin of 1.6%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y3.22%

5Y7.96%

3Y7.7%

TTM2.2%

Profit (Net Income) CAGR

10Y-1%

5Y-

3Y38.61%

TTM-3.84%

EPS CAGR

10Y-2.22%

5Y-

3Y36.77%

TTM45.18%

ROCE

10Y Avg4.72%

5Y Avg4.28%

3Y Avg4.55%

Latest8.8%

Peer Comparison

Vehicle Security & Access Control

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
STRTStrattec Security Corporation	358.8M	85.73	18.72	5.08%	4.06%	9.19%	17.98%	0.05

Profit & Loss

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Sales/Revenue+	401.42M	417.32M	439.19M	487.01M	385.3M	452.26M	452.26M	492.95M	537.77M	565.07M
Revenue Growth %	-0.02%	0.04%	0.05%	0.11%	-0.21%	0.17%	0%	0.09%	0.09%	0.05%
Cost of Goods Sold+	336.59M	357.16M	384.75M	429.21M	349.85M	396.25M	396.25M	450.79M	472.3M	480.49M
COGS % of Revenue	0.84%	0.86%	0.88%	0.88%	0.91%	0.88%	0.88%	0.91%	0.88%	0.85%
Gross Profit+	64.83M	60.16M	54.44M	57.8M	35.45M	56.02M	56.02M	42.15M	65.47M	84.58M
Gross Margin %	0.16%	0.14%	0.12%	0.12%	0.09%	0.12%	0.12%	0.09%	0.12%	0.15%
Gross Profit Growth %	-0.11%	-0.07%	-0.1%	0.06%	-0.39%	0.58%	0%	-0.25%	0.55%	0.29%
Operating Expenses+	43.92M	46.46M	41.17M	47.19M	44.11M	47.12M	47.12M	48.24M	47.65M	61.79M
OpEx % of Revenue	0.11%	0.11%	0.09%	0.1%	0.11%	0.1%	0.1%	0.1%	0.09%	0.11%
Selling, General & Admin	43.92M	46.46M	41.17M	33.39M	34.31M	47.12M	34.92M	32.34M	47.65M	61.79M
SG&A % of Revenue	0.11%	0.11%	0.09%	0.07%	0.09%	0.1%	0.08%	0.07%	0.09%	0.11%
Research & Development	430K	4.6M	4.8M	13.8M	9.8M	0	12.2M	15.9M	0	21.7M
R&D % of Revenue	0%	0.01%	0.01%	0.03%	0.03%	-	0.03%	0.03%	-	0.04%
Other Operating Expenses	0	2.97M	5.55M	0	0	0	0	0	0	-21.7M
Operating Income+	20.91M	13.7M	13.28M	10.61M	-8.66M	8.9M	8.9M	-6.09M	17.81M	22.78M
Operating Margin %	0.05%	0.03%	0.03%	0.02%	-0.02%	0.02%	0.02%	-0.01%	0.03%	0.04%
Operating Income Growth %	-0.33%	-0.34%	-0.03%	-0.2%	-1.82%	2.03%	0%	-1.68%	3.93%	0.28%
EBITDA+	31.03M	25.12M	27.86M	27.77M	10.67M	28.28M	28.28M	11.4M	34.36M	37.55M
EBITDA Margin %	0.08%	0.06%	0.06%	0.06%	0.03%	0.06%	0.06%	0.02%	0.06%	0.07%
EBITDA Growth %	-0.22%	-0.19%	0.11%	-0%	-0.62%	1.65%	0%	-0.6%	2.02%	0.09%
D&A (Non-Cash Add-back)	10.12M	11.42M	14.59M	17.16M	19.33M	19.38M	19.38M	17.48M	16.55M	14.76M
EBIT	19.37M	16.81M	18.84M	-18.82M	-7.2M	9.48M	9.48M	-6.71M	21.1M	25.64M
Net Interest Income+	-151K	-281K	-1.13M	-1.61M	-920K	-302K	-221K	-960K	-900K	1.03M
Interest Income	25K	136K	8K	0	0	0	0	0	0	2.04M
Interest Expense	176K	417K	1.14M	1.61M	920K	302K	221K	960K	900K	1.01M
Other Income/Expense	-1.72M	1.55M	4.42M	-31.05M	539K	362K	362K	-1.58M	2.39M	1.85M
Pretax Income+	19.19M	16.39M	17.7M	-20.43M	-8.12M	9.26M	9.26M	-7.67M	20.2M	24.64M
Pretax Margin %	0.05%	0.04%	0.04%	-0.04%	-0.02%	0.02%	0.02%	-0.02%	0.04%	0.04%
Income Tax+	5.07M	4.28M	2.07M	-7.74M	-2.27M	415K	415K	1.28M	3.77M	5.72M
Effective Tax Rate %	0.48%	0.44%	0.69%	0.62%	0.94%	0.76%	0.76%	0.87%	0.81%	0.76%
Net Income+	9.15M	7.2M	12.28M	-12.69M	-7.61M	7.02M	7.02M	-6.67M	16.31M	18.68M
Net Margin %	0.02%	0.02%	0.03%	-0.03%	-0.02%	0.02%	0.02%	-0.01%	0.03%	0.03%
Net Income Growth %	-0.56%	-0.21%	0.71%	-2.03%	0.4%	1.92%	0%	-1.95%	3.45%	0.15%
Net Income (Continuing)	14.12M	12.11M	15.63M	-12.69M	-5.86M	8.84M	8.84M	-8.95M	16.43M	18.92M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	15.18M	21.63M	21.09M	24.43M	23.22M	31.79M	31.55M	26.06M	25.07M	24.84M
EPS (Diluted)+	2.53	1.96	3.32	-3.45	-1.57	5.85	1.79	-1.70	4.07	4.58
EPS Growth %	-0.56%	-0.23%	0.69%	-2.04%	0.54%	4.73%	-0.69%	-1.95%	3.39%	0.13%
EPS (Basic)	2.57	2.01	3.39	-3.45	-1.57	5.95	1.82	-1.70	4.10	4.64
Diluted Shares Outstanding	3.62M	3.67M	3.7M	3.68M	3.74M	3.85M	3.91M	3.92M	4M	4.08M
Basic Shares Outstanding	3.56M	3.59M	3.63M	3.68M	3.74M	3.79M	3.86M	3.92M	3.98M	4.03M
Dividend Payout Ratio	0.2%	0.28%	0.17%	-	-	-	-	-	-	-

Balance Sheet

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Total Current Assets+	134.45M	129M	151.1M	156.63M	125.37M	174.9M	188.23M	225.78M	253.81M	290.06M
Cash & Short-Term Investments	15.48M	8.36M	8.09M	7.81M	11.77M	14.46M	8.77M	20.57M	25.41M	84.58M
Cash Only	15.48M	8.36M	8.09M	7.81M	11.77M	14.46M	8.77M	20.57M	25.41M	84.58M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	63.73M	64.93M	89.91M	84.23M	41.95M	69.9M	93.67M	89.81M	141.47M	123.92M
Days Sales Outstanding	57.94	56.79	74.72	63.13	39.74	56.41	75.59	66.5	96.02	80.04
Inventory	38.68M	35.48M	46.65M	47.26M	54.4M	70.86M	80.48M	77.6M	81.65M	64.7M
Days Inventory Outstanding	41.95	36.25	44.26	40.19	56.76	65.27	74.14	62.83	63.1	49.15
Other Current Assets	16.57M	20.23M	10.01M	17.33M	17.24M	19.68M	5.31M	37.8M	5.28M	16.87M
Total Non-Current Assets+	107.72M	144.71M	156.07M	156.1M	140.18M	135.66M	130.9M	115.15M	110.47M	101.39M
Property, Plant & Equipment	85.15M	111.59M	116.54M	118.12M	105.15M	96.4M	94.75M	94.45M	89.98M	77.41M
Fixed Asset Turnover	4.71x	3.74x	3.77x	4.12x	3.66x	4.69x	4.77x	5.22x	5.98x	7.30x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	140K	41K	0	0	0	0	0	0	0	0
Long-Term Investments	14.17M	16.84M	22.19M	23.53M	22.07M	27.22M	26.65M	0	0	0
Other Non-Current Assets	2.88M	15.98M	17.34M	14.46M	12.96M	12.03M	2.42M	7.08M	2.9M	4.45M
Total Assets+	242.18M	273.71M	307.18M	312.74M	265.55M	310.56M	319.13M	340.93M	364.29M	391.45M
Asset Turnover	1.66x	1.52x	1.43x	1.56x	1.45x	1.46x	1.42x	1.45x	1.48x	1.44x
Asset Growth %	0.03%	0.13%	0.12%	0.02%	-0.15%	0.17%	0.03%	0.07%	0.07%	0.07%
Total Current Liabilities+	64.22M	67.89M	68.79M	79.26M	48.14M	77.57M	81.53M	108.99M	118.29M	119.35M
Accounts Payable	32.42M	39.68M	38.44M	41.89M	18.55M	36.73M	43.95M	57.93M	54.91M	65.82M
Days Payables Outstanding	35.15	40.55	36.47	35.62	19.35	33.83	40.48	46.9	42.44	50
Short-Term Debt	0	0	0	0	0	0	403K	0	744K	808K
Deferred Revenue (Current)	0	0	0	0	0	-378K	0	-465K	0	0
Other Current Liabilities	1.36M	15.16M	16.96M	20.04M	16.09M	1.39M	18.97M	1.39M	28.58M	29.67M
Current Ratio	2.09x	1.90x	2.20x	1.98x	2.60x	2.25x	2.31x	2.07x	2.15x	2.43x
Quick Ratio	1.49x	1.38x	1.52x	1.38x	1.47x	1.34x	1.32x	1.36x	1.46x	1.89x
Cash Conversion Cycle	64.74	52.5	82.51	67.7	77.15	87.86	109.24	82.43	116.69	79.19
Total Non-Current Liabilities+	23.45M	33.1M	55.14M	45.66M	41.96M	19.56M	17.66M	20.92M	20.39M	25.67M
Long-Term Debt	20M	30M	51M	42M	35M	12M	11M	13M	13M	8M
Capital Lease Obligations	0	0	0	0	0	0	2.62M	0	3.39M	2.48M
Deferred Tax Liabilities	0	0	961K	0	0	0	1.45M	1.56M	1.57M	0
Other Non-Current Liabilities	3.45M	3.1M	1.76M	3.66M	6.96M	7.56M	2.59M	7.92M	2.43M	15.2M
Total Liabilities	87.66M	101M	123.93M	124.92M	90.1M	97.13M	99.19M	129.91M	138.67M	145.02M
Total Debt+	20M	30M	51M	42M	35M	12M	14.02M	13M	17.13M	11.29M
Net Debt	4.52M	21.64M	42.91M	34.19M	23.23M	-2.46M	5.25M	-7.57M	-8.28M	-73.29M
Debt / Equity	0.13x	0.17x	0.28x	0.22x	0.20x	0.06x	0.06x	0.06x	0.08x	0.05x
Debt / EBITDA	0.64x	1.19x	1.83x	1.51x	3.28x	0.42x	0.50x	1.14x	0.50x	0.30x
Net Debt / EBITDA	0.15x	0.86x	1.54x	1.23x	2.18x	-0.09x	0.19x	-0.66x	-0.24x	-1.95x
Interest Coverage	118.80x	32.86x	11.68x	6.57x	-9.42x	29.46x	40.26x	-6.34x	19.79x	22.63x
Total Equity+	154.51M	172.71M	183.25M	187.82M	175.44M	213.43M	219.95M	211.02M	225.62M	246.43M
Equity Growth %	0.01%	0.12%	0.06%	0.02%	-0.07%	0.22%	0.03%	-0.04%	0.07%	0.09%
Book Value per Share	42.67	47.06	49.49	51.09	46.95	55.41	56.25	53.82	56.35	60.46
Total Shareholders' Equity	139.33M	151.09M	162.16M	163.39M	152.22M	181.65M	188.4M	184.96M	200.54M	221.59M
Common Stock	72K	72K	73K	73K	74K	74K	75K	75K	76K	76K
Retained Earnings	220.73M	225.91M	236.16M	221.12M	211.94M	234.47M	240.97M	234.3M	250.61M	269.3M
Treasury Stock	-135.87M	-135.82M	-135.78M	-135.72M	-135.66M	-135.62M	-135.58M	-135.53M	-135.48M	-135.45M
Accumulated OCI	-37.67M	-32.89M	-33.44M	-18.57M	-22.11M	-16.8M	-18.59M	-14.19M	-15.69M	-16.11M
Minority Interest	15.18M	21.63M	21.09M	24.43M	23.22M	31.79M	31.55M	26.06M	25.07M	24.84M

Cash Flow

	Jun 2016	Jun 2017	Jun 2018	Jun 2019	Jun 2020	Jun 2021	Jun 2022	Jun 2023	Jun 2024	Jun 2025
Cash from Operations+	8.22M	23.14M	6.94M	29.94M	25.42M	35.15M	10.44M	10.1M	12.27M	71.68M
Operating CF Margin %	0.02%	0.06%	0.02%	0.06%	0.07%	0.08%	0.02%	0.02%	0.02%	0.13%
Operating CF Growth %	-0.74%	1.82%	-0.7%	3.31%	-0.15%	0.38%	-0.7%	-0.03%	0.21%	4.84%
Net Income	14.12M	12.11M	15.63M	-12.69M	-5.86M	29.9M	7.02M	-6.67M	16.43M	18.68M
Depreciation & Amortization	10.12M	11.42M	14.59M	17.16M	19.33M	19.79M	19.38M	17.48M	16.55M	14.76M
Stock-Based Compensation	1.63M	1.51M	1.13M	5.33M	5.82M	972K	0	0	1.47M	2.73M
Deferred Taxes	3.03M	1.85M	1.03M	-10.12M	-3.59M	1.47M	-1.99M	-4.94M	-4.71M	-1.89M
Other Non-Cash Items	833K	-3.91M	-3.98M	29.27M	-895K	1.12M	2.17M	780K	-1.23M	-141K
Working Capital Changes	-21.51M	169K	-21.46M	996K	10.62M	-18.1M	-16.14M	3.44M	-16.23M	37.53M
Change in Receivables	-5.13M	-1.71M	-9.57M	-10.39M	41.99M	-27.74M	-5.93M	-13.7M	-9.36M	-3.08M
Change in Inventory	-3.9M	3.21M	-11.18M	-608K	-7.14M	-16.46M	-9.62M	2.88M	-4.05M	16.95M
Change in Payables	-3M	5.17M	3.75M	6.14M	0	28.54M	1.81M	23.96M	-3.02M	10.67M
Cash from Investing+	-25.27M	-39.54M	-23.92M	-17.6M	-12.35M	-9.02M	-14.33M	-118K	-7.79M	-7.16M
Capital Expenditures	-23.5M	-37.01M	-24.13M	-17.45M	-12.38M	-8.93M	-14.19M	-17.37M	-9.79M	-7.16M
CapEx % of Revenue	0.06%	0.09%	0.05%	0.04%	0.03%	0.02%	0.03%	0.04%	0.02%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-49K	-2.13M	341K	53K	32K	8K	0	0	0	0
Cash from Financing+	7.21M	9.23M	16.39M	-12.18M	-8.99M	-22.89M	-1.89M	1.58M	72K	-4.94M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-1.86M	-2.01M	-2.03M	-2.06M	-1.57M	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-925K	1.24M	-2.58M	-1.11M	-420K	-490K	-1.8M	-600K	72K	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-15.28M	-13.87M	-17.19M	12.49M	13.04M	26.22M	-3.75M	-7.28M	2.48M	64.52M
FCF Margin %	-0.04%	-0.03%	-0.04%	0.03%	0.03%	0.06%	-0.01%	-0.01%	0%	0.11%
FCF Growth %	-3.85%	0.09%	-0.24%	1.73%	0.04%	1.01%	-1.14%	-0.94%	1.34%	25.05%
FCF per Share	-4.22	-3.78	-4.64	3.40	3.49	6.81	-0.96	-1.86	0.62	15.83
FCF Conversion (FCF/Net Income)	0.90x	3.22x	0.57x	-2.36x	-3.34x	5.01x	1.49x	-1.51x	0.75x	3.84x
Interest Paid	157K	350K	1.08M	1.62M	976K	320K	0	0	888K	1.01M
Taxes Paid	4.7M	318K	2.5M	530K	2.11M	5.43M	0	0	3.8M	14.17M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	5.96%	4.4%	6.9%	-6.84%	-4.19%	3.61%	3.24%	-3.1%	7.47%	7.92%
Return on Invested Capital (ROIC)	10.6%	5.82%	4.74%	3.55%	-3.09%	3.26%	3.06%	-2.13%	6.35%	8.75%
Gross Margin	16.15%	14.42%	12.4%	11.87%	9.2%	12.39%	12.39%	8.55%	12.17%	14.97%
Net Margin	2.28%	1.72%	2.8%	-2.61%	-1.97%	1.55%	1.55%	-1.35%	3.03%	3.31%
Debt / Equity	0.13x	0.17x	0.28x	0.22x	0.20x	0.06x	0.06x	0.06x	0.08x	0.05x
Interest Coverage	118.80x	32.86x	11.68x	6.57x	-9.42x	29.46x	40.26x	-6.34x	19.79x	22.63x
FCF Conversion	0.90x	3.22x	0.57x	-2.36x	-3.34x	5.01x	1.49x	-1.51x	0.75x	3.84x
Revenue Growth	-2.44%	3.96%	5.24%	10.89%	-20.88%	17.38%	0%	8.99%	9.09%	5.08%

Revenue by Segment

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Reportable	-	-	-	-	-	-	-	-	-	565.07M
Reportable Growth	-	-	-	-	-	-	-	-	-	-
Door Handles And Exterior Trim	61.38M	67.72M	88.79M	116.98M	98.17M	126.22M	111.81M	121.91M	135.86M	-
Door Handles And Exterior Trim Growth	-	10.34%	31.11%	31.75%	-16.08%	28.57%	-11.42%	9.04%	11.45%	-
Power Access	83.75M	84.46M	86.38M	92.74M	63.83M	95.25M	95.66M	114.05M	130.26M	-
Power Access Growth	-	0.85%	2.28%	7.37%	-31.18%	49.22%	0.44%	19.22%	14.21%	-
Keys And Locksets	113.77M	114.94M	118.26M	135.41M	101.67M	116.57M	107.27M	108.88M	106.37M	-
Keys And Locksets Growth	-	1.03%	2.89%	14.51%	-24.92%	14.66%	-7.98%	1.50%	-2.30%	-
Latches	28.02M	35.31M	42.38M	49.15M	45.3M	51.21M	48.95M	57.8M	67.84M	-
Latches Growth	-	25.99%	20.04%	15.96%	-7.84%	13.06%	-4.42%	18.08%	17.38%	-
Aftermarket And O E Service	48.2M	47.22M	43.31M	44.25M	40.74M	47.14M	44.83M	43.13M	38.65M	-
Aftermarket And O E Service Growth	-	-2.04%	-8.27%	2.18%	-7.94%	15.70%	-4.90%	-3.78%	-10.40%	-
Other Product	10.35M	10.7M	8.26M	7.53M	5.95M	8.88M	9.31M	8.74M	11.14M	-
Other Product Growth	-	3.37%	-22.80%	-8.87%	-20.96%	49.22%	4.83%	-6.09%	27.48%	-
Driver Controls	55.95M	56.98M	51.82M	40.94M	29.65M	40.03M	34.44M	-	-	-
Driver Controls Growth	-	1.84%	-9.07%	-20.99%	-27.58%	35.02%	-13.96%	-	-	-

Revenue by Geography

	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Non-US	-	-	-	-	-	-	-	135.64M	137.21M	-
Non-US Growth	-	-	-	-	-	-	-	-	1.16%	-
Non Us	-	-	157.86M	160.77M	114.38M	130.26M	122.29M	-	-	-
Non Us Growth	-	-	-	1.84%	-28.85%	13.88%	-6.12%	-	-	-
CANADA	74.31M	73.48M	-	-	-	-	-	-	-	-
CANADA Growth	-	-1.12%	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Strattec Security Corporation (STRT) has a price-to-earnings (P/E) ratio of 18.7x. This is roughly in line with market averages.

Growth & Financials

Strattec Security Corporation (STRT) reported $578.4M in revenue for fiscal year 2025. This represents a 107% increase from $279.2M in 2012.

Strattec Security Corporation (STRT) grew revenue by 5.1% over the past year. This is steady growth.

Yes, Strattec Security Corporation (STRT) is profitable, generating $23.5M in net income for fiscal year 2025 (3.3% net margin).

Dividend & Returns

Strattec Security Corporation (STRT) has a return on equity (ROE) of 7.9%. This is below average, suggesting room for improvement.

Strattec Security Corporation (STRT) generated $65.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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