STRATTEC SECURITY CORP
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $579.4M | $565.1M | $537.8M | $492.9M | $452.3M | $485.3M | $385.3M | $487.0M |
| Cost of Revenue | $484.0M | $480.5M | $472.3M | $450.8M | $396.2M | $406.6M | $349.9M | $429.2M |
| Gross Profit | $95.4M | $84.6M | $65.5M | $42.2M | $56.0M | $78.7M | $35.4M | $57.8M |
| Gross Margin | 16.5% | 15.0% | 12.2% | 8.6% | 12.4% | 16.2% | 9.2% | 11.9% |
| Operating Expenses | ||||||||
| Research & Development | $21.8M | $21.7M | $14.8M | $15.9M | $12.2M | $10.8M | $9.8M | $13.8M |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $26.5M | $22.8M | $17.8M | $-6.1M | $8.9M | $33.9M | $-8.7M | $10.6M |
| Operating Margin | 4.6% | 4.0% | 3.3% | -1.2% | 2.0% | 7.0% | -2.2% | 2.2% |
| Interest Expense | $359.0K | $1.0M | $900.0K | $960.0K | $221.0K | $302.0K | $920.0K | $1.6M |
| Pretax Income | $33.0M | $24.6M | $20.2M | $-7.7M | $9.3M | $35.0M | $-8.1M | $-20.4M |
| Income Tax Expense | $11.3M | $5.7M | $3.8M | $1.3M | $415.0K | $5.1M | $-2.3M | $-7.7M |
| Net Income | $20.6M | $18.7M | $16.3M | $-6.7M | $7.0M | $22.5M | $-7.6M | $-17.0M |
| Net Margin | 3.6% | 3.3% | 3.0% | -1.4% | 1.6% | 4.6% | -2.0% | -3.5% |
| EPS (Basic) | $5.07 | $4.64 | $4.10 | $-1.70 | $1.82 | $5.95 | $-2.04 | $-4.63 |
| EPS (Diluted) | $5.00 | $4.58 | $4.07 | $-1.70 | $1.79 | $5.85 | $-2.04 | $-4.63 |
| Shares Outstanding (Basic) | 4.1M | 4.0M | 4.0M | 3.9M | 3.9M | 3.8M | 3.7M | 3.7M |
| Shares Outstanding (Diluted) | 4.1M | 4.1M | 4.0M | 3.9M | 3.9M | 3.9M | 3.7M | 3.7M |
| Dividends Per Share | — | — | — | — | — | — | $0.42 | $0.56 |