STRT · STRATTEC SECURITY CORP
Strattec Security Corporation designs, develops, manufactures, and markets automotive security, access control, and user interface controls products in North America and internationally. The company offers mechanical and electronically enhanced locks and keys, fobs, passive entry passive start systems, digital key, phone as a key systems, steering column and instrument panel ignition lock housings, latches, power sliding door systems, power tailgate and lift gate systems, power deck lid systems, door handles, steering wheel switches and controller, E-shifters, paddle switches, and related products. It also provides service and aftermarket support services for its products. It 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 customers. Strattec Security Corporation was founded in 1908 and is headquartered in Milwaukee, Wisconsin.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $64.40 |
| SO | 4.2M |
| Options | 0.0M |
| Warrants | 0.0M |
| FD SO | 4.2M |
| MC | $269.1M |
| Cash | $107.0M |
| Total debt | — |
| EV | $162.2M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 0.3x |
| EV / EBITDA | 4.6x |
| MC / Net Income | 10.3x |
| EV / FCF | 3.4x |
| MC / FCF | 5.6x |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-01. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative.
Financial statements
| 3/29/26 | 12/28/25 | 9/28/25 | 6/29/25 | |
|---|---|---|---|---|
| Total Revenue | 137.63 | 137.53 | 152.40 | 152.01 |
| Revenue YoY % | (4.5%) | 5.9% | 9.6% | 6.3% |
| Cost of Revenue | 114.97 | 114.81 | 126.06 | 126.61 |
| Gross Profit | 22.66 | 22.72 | 26.34 | 25.40 |
| Gross Profit YoY % | (1.9%) | 32.5% | 39.2% | 36.8% |
| Gross Margin % | 16.5% | 16.5% | 17.3% | 16.7% |
| Operating Expense | 17.61 | 17.86 | 15.89 | 16.90 |
| Operating Income | 5.05 | 4.86 | 10.45 | 8.50 |
| Operating Income YoY % | (28.8%) | 127.8% | 106.3% | (12.3%) |
| Operating Margin % | 3.7% | 3.5% | 6.9% | 5.6% |
| EBITDA | — | 8.76 | 14.23 | 12.31 |
| EBITDA Margin % | — | 6.4% | 9.3% | 8.1% |
| Interest Expense | 0.07 | 0.10 | 0.16 | 0.21 |
| Pretax Income | 5.11 | 7.34 | 10.89 | 10.23 |
| Tax Provision | 1.28 | 1.70 | 2.36 | 2.17 |
| Net Income | 3.83 | 5.64 | 8.54 | 8.06 |
| Net Income to Common | 3.24 | 4.95 | 8.53 | 8.27 |
| Net Margin % | 2.8% | 4.1% | 5.6% | 5.3% |
| Diluted EPS | $0.78 | $1.20 | $2.07 | $2.02 |
| Basic EPS | $0.79 | $1.21 | $2.10 | $2.05 |
| Diluted Avg Shares | 4.1 | 4.1 | 4.1 | 0.0 |
| Basic Avg Shares | 4.1 | 4.1 | 4.1 | 0.0 |
| LTM | 6/29/25 | 6/30/24 | 7/2/23 | 7/3/22 | |
|---|---|---|---|---|---|
| Total Revenue | 579.58 | 565.07 | 537.77 | 492.95 | 452.26 |
| Revenue YoY % | 2.6% | 5.1% | 9.1% | 9.0% | — |
| Cost of Revenue | 482.46 | 480.49 | 472.30 | 450.79 | 396.25 |
| Gross Profit | 97.12 | 84.58 | 65.47 | 42.15 | 56.02 |
| Gross Profit YoY % | 14.8% | 29.2% | 55.3% | (24.8%) | — |
| Gross Margin % | 16.8% | 15.0% | 12.2% | 8.6% | 12.4% |
| R&D | — | 21.70 | 14.80 | 15.90 | 12.20 |
| Operating Expense | 68.26 | 61.79 | 47.65 | 48.24 | 47.12 |
| Operating Income | 28.86 | 22.78 | 17.81 | (6.09) | 8.90 |
| Operating Income YoY % | 26.7% | 27.9% | 392.6% | (168.4%) | — |
| Operating Margin % | 5.0% | 4.0% | 3.3% | (1.2%) | 2.0% |
| EBITDA | — | 37.55 | 34.36 | 11.40 | 28.28 |
| EBITDA Margin % | — | 6.6% | 6.4% | 2.3% | 6.3% |
| Interest Expense | 0.53 | 1.01 | 0.90 | 0.96 | 0.22 |
| Pretax Income | 33.57 | 24.64 | 20.20 | (7.67) | 9.28 |
| Tax Provision | 7.51 | 5.72 | 3.77 | 1.28 | 0.42 |
| Net Income | 26.07 | 18.92 | 16.43 | (8.95) | 8.86 |
| Net Income to Common | 24.98 | 18.68 | 16.31 | (6.67) | 7.03 |
| Net Margin % | 4.5% | 3.3% | 3.1% | (1.8%) | 2.0% |
| Diluted EPS | $6.07 | $4.58 | $4.07 | -$1.70 | $1.80 |
| Basic EPS | $6.15 | $4.64 | $4.10 | -$1.70 | $1.82 |
| Diluted Avg Shares | 4.1 | 4.1 | 4.0 | 3.9 | 3.9 |
| Basic Avg Shares | 4.1 | 4.0 | 4.0 | 3.9 | 3.9 |
| 3/29/26 | 12/28/25 | 9/28/25 | 6/29/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 106.96 | 99.03 | 90.47 | 84.58 |
| Receivables | 102.16 | 89.22 | 102.67 | 102.06 |
| Inventory | 73.40 | 71.93 | 61.59 | 64.70 |
| Total Current Assets | 304.16 | 293.27 | 290.12 | 290.06 |
| Net PPE | 71.40 | 74.64 | 75.63 | 77.41 |
| Total Assets | 399.55 | 392.25 | 390.06 | 391.45 |
| Accounts Payable | 64.74 | 59.57 | 61.08 | 65.82 |
| Total Current Liabilities | 115.85 | 112.45 | 116.51 | 119.35 |
| Total Liabilities | 132.39 | 129.23 | 134.28 | 145.02 |
| Retained Earnings | 286.01 | 282.77 | 277.83 | 269.30 |
| Total Equity | 267.15 | 263.01 | 255.78 | 246.43 |
| LTM | 6/29/25 | 6/30/24 | 7/2/23 | 7/3/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 106.96 | 84.58 | 25.41 | 20.57 | 8.77 |
| Receivables | 102.16 | 102.06 | 99.30 | 89.81 | 75.83 |
| Inventory | 73.40 | 64.70 | 81.65 | 77.60 | 80.48 |
| Total Current Assets | 304.16 | 290.06 | 253.81 | 225.78 | 188.23 |
| Net PPE | 71.40 | 77.41 | 86.18 | 94.45 | 91.73 |
| Total Assets | 399.55 | 391.45 | 364.29 | 340.93 | 318.68 |
| Accounts Payable | 64.74 | 65.82 | 54.91 | 57.93 | 43.95 |
| Total Current Liabilities | 115.85 | 119.35 | 118.29 | 108.99 | 81.47 |
| Total Liabilities | 132.39 | 145.02 | 138.67 | — | — |
| Retained Earnings | 286.01 | 269.30 | 250.61 | 234.30 | 241.50 |
| Total Equity | 267.15 | 246.43 | 225.62 | 211.02 | 220.41 |
| 3/29/26 | 12/28/25 | 9/28/25 | 6/29/25 | |
|---|---|---|---|---|
| Net Income | 3.24 | 4.95 | 8.53 | 8.27 |
| D&A | — | 3.89 | 3.79 | 3.81 |
| Stock-Based Comp | — | 1.12 | 0.67 | 0.89 |
| Operating Cash Flow | — | 13.88 | 11.33 | 30.18 |
| CapEx | — | (2.63) | (1.53) | (3.00) |
| Investing Cash Flow | — | (2.37) | (1.53) | (3.00) |
| Financing Cash Flow | — | (2.94) | (3.90) | (4.98) |
| Free Cash Flow | — | 11.25 | 9.80 | 27.18 |
| LTM | 6/29/25 | 6/30/24 | 7/2/23 | 7/3/22 | |
|---|---|---|---|---|---|
| Net Income | 24.98 | 18.68 | 16.31 | (6.67) | 7.03 |
| D&A | — | 14.76 | 16.55 | 17.48 | 19.38 |
| Stock-Based Comp | — | 2.73 | 1.47 | 1.47 | 1.14 |
| Operating Cash Flow | — | 71.68 | 12.27 | 10.10 | 10.44 |
| CapEx | — | (7.16) | (9.79) | (17.37) | (14.19) |
| Investing Cash Flow | — | (7.16) | (7.79) | 8.90 | (14.33) |
| Financing Cash Flow | — | (4.94) | 0.07 | (7.44) | (1.89) |
| Free Cash Flow | — | 64.52 | 2.48 | (7.28) | (3.75) |
| 3/29/26 | 12/28/25 | 9/28/25 | 6/29/25 | |
|---|---|---|---|---|
| Current Ratio | 2.63 | 2.61 | 2.49 | 2.43 |
| Quick Ratio | 1.99 | 1.97 | 1.96 | 1.89 |
| Debt / Equity | 0.50 | 0.49 | 0.52 | 0.59 |
| EBITDA Margin % | — | 6.4% | 9.3% | 8.1% |
| Working Capital | 188.31 | 180.82 | 173.62 | 170.71 |
| Net Debt | — | — | — | — |
| ROE % | 1.4% | 2.1% | 3.3% | 3.3% |
| ROA % | 1.0% | 1.4% | 2.2% | 2.1% |
| LTM | 6/29/25 | 6/30/24 | 7/2/23 | 7/3/22 | |
|---|---|---|---|---|---|
| Current Ratio | 2.63 | 2.43 | 2.15 | 2.07 | 2.31 |
| Quick Ratio | 1.99 | 1.89 | 1.46 | 1.36 | 1.32 |
| Debt / Equity | 0.50 | 0.59 | 0.61 | — | — |
| EBITDA Margin % | — | 6.6% | 6.4% | 2.3% | 6.3% |
| Working Capital | 188.31 | 170.71 | 135.53 | 116.80 | 106.76 |
| Net Debt | — | — | — | — | — |
| ROE % | 9.8% | 7.7% | 7.3% | (4.2%) | 4.0% |
| ROA % | 6.5% | 4.8% | 4.5% | (2.6%) | 2.8% |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-05-14 | Slater Jennifer Lynn | Director, Officer (President & CEO) | 2026-05-13 | P | 800 | $62.46 | $50,003 |
| 2026-05-14 | Pauli Matthew | Officer (SVP & CFO) | 2026-05-12 | P | 2,000 | $62.53 | $125,060 |
| 2026-05-14 | Slater Jennifer Lynn | Director, Officer (President & CEO) | 2026-05-12 | P | 797 | $62.71 | $49,997 |
| 2026-05-14 | LIEBAU FREDERIC JACK JR | Director | 2026-05-12 | P | 1,000 | $61.37 | $61,370 |
| 2026-01-08 | Pauli Matthew | Officer (SVP & CFO) | 2025-11-13 | F | (814) | — | $-0 |
| 2025-11-19 | Messina Richard P | Officer (VP & Chief Technical Officer) | 2025-11-17 | S | (3,000) | $66.35 | -$199,050 |
| 2025-10-28 | Slater Jennifer Lynn | Director, Officer (President & CEO) | 2025-10-25 | F | (2,645) | — | $-0 |
| 2025-10-17 | Chang Tina M | Director | 2025-10-15 | A | 1,243 | $68.38 | $84,996 |
| 2025-10-17 | LISMAN BRUCE M | Director | 2025-10-15 | A | 1,243 | $68.38 | $84,996 |
| 2025-10-17 | FLORSHEIM THOMAS W JR | Director | 2025-10-15 | A | 1,243 | $68.38 | $84,996 |
| 2025-10-17 | LIEBAU FREDERIC JACK JR | Director | 2025-10-15 | A | 1,243 | $68.38 | $84,996 |
| 2025-10-17 | Anversa Matteo | Director | 2025-10-15 | A | 1,243 | $68.38 | $84,996 |
| 2025-10-02 | Guillot Rolando | Officer (SVP & COO) | 2025-09-30 | F | (1,359) | — | $-0 |
| 2025-09-16 | Messina Richard P | Officer (VP & Chief Technical Officer) | 2025-08-23 | F | (320) | — | $-0 |
| 2025-09-16 | Messina Richard P | Officer (VP & Chief Technical Officer) | 2025-08-22 | F | (320) | — | $-0 |
| 2025-09-16 | Messina Richard P | Officer (VP & Chief Technical Officer) | 2025-08-22 | A | 804 | — | $0 |
| 2025-09-02 | Guillot Rolando | Officer (SVP & COO) | 2025-08-28 | S | (22,890) | $65.86 | -$1,507,604 |
| 2025-08-26 | Guillot Rolando | Officer (SVP & COO) | 2025-08-23 | F | (453) | — | $-0 |
| 2025-08-26 | Messina Richard P | Officer (VP & Chief Technical Officer) | 2025-08-23 | F | (320) | — | $-0 |
| 2025-08-26 | Guillot Rolando | Officer (SVP & COO) | 2025-08-22 | F | (453) | — | $-0 |
| 2025-08-26 | Messina Richard P | Officer (VP & Chief Technical Officer) | 2025-08-22 | F | (320) | — | $-0 |
| 2025-08-26 | Messina Richard P | Officer (VP & Chief Technical Officer) | 2025-08-22 | A | 804 | — | $0 |
| 2025-08-26 | Messina Richard P | Officer (VP & Chief Technical Officer) | 2025-08-22 | A | 804 | — | $0 |
| 2025-08-26 | Becker-Varto Chey | Officer (SVP & Chief Commercial Officer) | 2025-08-22 | A | 1,704 | — | $0 |
| 2025-08-26 | Becker-Varto Chey | Officer (SVP & Chief Commercial Officer) | 2025-08-22 | A | 1,704 | — | $0 |
| 2025-08-26 | Pauli Matthew | Officer (SVP & CFO) | 2025-08-22 | A | 3,516 | — | $0 |
| 2025-08-26 | Pauli Matthew | Officer (SVP & CFO) | 2025-08-22 | A | 3,516 | — | $0 |
| 2025-08-26 | Slater Jennifer Lynn | Director, Officer (President & CEO) | 2025-08-22 | A | 10,170 | — | $0 |
| 2025-08-26 | Slater Jennifer Lynn | Director, Officer (President & CEO) | 2025-08-22 | A | 10,170 | — | $0 |
| 2025-08-22 | Guillot Rolando | Officer (SVP & COO) | 2025-08-20 | F | (453) | — | $-0 |
| 2025-08-22 | Messina Richard P | Officer (VP & Chief Technical Officer) | 2025-08-20 | F | (320) | — | $-0 |
| 2025-07-03 | Slater Jennifer Lynn | Director, Officer (President & CEO) | 2025-07-01 | F | (5,931) | — | $-0 |
| 2025-02-28 | Guillot Rolando | Officer (SVP & COO) | 2025-02-26 | S | (3,143) | $50.00 | -$157,150 |
| 2025-02-28 | Guillot Rolando | Officer (SVP & COO) | 2025-02-26 | S | (357) | $51.00 | -$18,207 |
| 2024-12-11 | GAMCO INVESTORS, INC. ET AL | 10% Owner | 2024-12-10 | S | (200) | $41.77 | -$8,354 |
| 2024-12-04 | GAMCO INVESTORS, INC. ET AL | 10% Owner | 2024-12-03 | S | (500) | $41.78 | -$20,890 |
| 2024-11-20 | GAMCO INVESTORS, INC. ET AL | 10% Owner | 2024-11-19 | S | (200) | $40.50 | -$8,100 |
| 2024-11-13 | GAMCO INVESTORS, INC. ET AL | 10% Owner | 2024-11-12 | S | (200) | $40.14 | -$8,028 |
| 2024-10-29 | Slater Jennifer Lynn | Director, Officer (President & CEO) | 2024-10-25 | A | 12,618 | — | $0 |
| 2024-10-29 | Slater Jennifer Lynn | Director, Officer (President & CEO) | 2024-10-25 | A | 25,236 | — | $0 |
| 2024-10-29 | Slater Jennifer Lynn | Director, Officer (President & CEO) | 2024-10-25 | A | 16,878 | — | $0 |
| 2024-10-29 | Slater Jennifer Lynn | Director, Officer (President & CEO) | 2024-10-25 | A | 16,878 | — | $0 |
| 2024-10-29 | LISMAN BRUCE M | Director | 2024-10-25 | A | 1,298 | — | $0 |
| 2024-10-29 | LISMAN BRUCE M | Director | 2024-10-25 | A | 2,207 | — | $0 |
| 2024-10-29 | FLORSHEIM THOMAS W JR | Director | 2024-10-25 | A | 1,298 | — | $0 |
| 2024-10-29 | FLORSHEIM THOMAS W JR | Director | 2024-10-25 | A | 2,207 | — | $0 |
| 2024-10-29 | LIEBAU FREDERIC JACK JR | Director | 2024-10-25 | A | 1,298 | — | $0 |
| 2024-10-29 | LIEBAU FREDERIC JACK JR | Director | 2024-10-25 | A | 2,207 | — | $0 |
| 2024-10-29 | Chang Tina M | Director | 2024-10-25 | A | 1,298 | — | $0 |
| 2024-10-29 | Chang Tina M | Director | 2024-10-25 | A | 2,207 | — | $0 |
| 2024-10-29 | Anversa Matteo | Director | 2024-10-25 | A | 2,207 | — | $0 |
| 2024-09-20 | GAMCO INVESTORS, INC. ET AL | 10% Owner | 2024-09-19 | S | (200) | $38.71 | -$7,741 |
| 2024-08-26 | Hamdan Al-Waleed H. | Officer (VP & Chief Commercial Officer) | 2024-08-20 | A | 3,450 | — | $0 |
| 2024-08-26 | Messina Richard P | Officer (VP & Chief Technical Officer) | 2024-08-20 | A | 2,850 | — | $0 |
| 2024-08-26 | Bowe Dennis | Officer (VP & CFO) | 2024-08-20 | A | 2,850 | — | $0 |
| 2024-08-26 | Guillot Rolando | Officer (SVP & COO) | 2024-08-20 | A | 3,450 | — | $0 |
| 2024-08-20 | Hamdan Al-Waleed H. | Officer (VP & Chief Commercial Officer) | 2024-08-16 | S | (79) | $39.50 | -$3,120 |
| 2024-08-19 | Messina Richard P | Officer (VP & Chief Technical Officer) | 2024-08-16 | S | (1,270) | $38.78 | -$49,251 |
| 2024-08-14 | GAMCO INVESTORS, INC. ET AL | 10% Owner | 2024-08-12 | S | (300) | $34.33 | -$10,298 |
| 2024-08-12 | GAMCO INVESTORS, INC. ET AL | 10% Owner | 2024-08-09 | S | (600) | $28.40 | -$17,040 |
| 2024-05-23 | GATE CITY CAPITAL MANAGEMENT, LLC | 10% Owner | 2024-05-21 | P | 7,057 | $24.60 | $173,596 |