STRATTEC SECURITY CORPSTRTEarnings & Financial Report
STRATTEC Security Corp designs, manufactures and markets mechanical and electronic security access products, including automotive locks, keys, passive entry systems, and trunk release mechanisms. It primarily serves global automotive original equipment manufacturers, heavy-duty vehicle makers, and the automotive aftermarket across North America, Europe and Asia Pacific.
Revenue
$144.1M
Gross Profit
$23.1M
Operating Profit
$7.1M
Net Profit
$5.4M
Gross Margin
16.0%
Operating Margin
4.9%
Net Margin
3.7%
YoY Growth
2.4%
EPS
$1.32
STRATTEC SECURITY CORP Q3 FY2025 Financial Summary
STRATTEC SECURITY CORP reported revenue of $144.1M (up 2.4% YoY) for Q3 FY2025, with a net profit of $5.4M (up 258.3% YoY) (3.7% margin). Cost of goods sold was $121.0M, operating expenses totaled $16.0M.
Key Financial Metrics
| Total Revenue | $144.1M |
|---|---|
| Net Profit | $5.4M |
| Gross Margin | 16.0% |
| Operating Margin | 4.9% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
STRATTEC SECURITY CORP Q3 FY2025 revenue of $144.1M breaks down across 9 segments, led by Keys And Locksets at $27.8M (19.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Keys And Locksets | $27.8M | 19.3% |
| Stellantis | $21.0M | 14.5% |
| Tier One Customers | $19.7M | 13.7% |
| Latches | $18.9M | 13.1% |
| All Other Customers | $16.0M | 11.1% |
| Hyundai Motor Group Including Kia | $13.9M | 9.7% |
| User Interface Controls | $12.8M | 8.9% |
| Aftermarket And OE Service | $10.0M | 6.9% |
| Other Product | $2.5M | 1.8% |
STRATTEC SECURITY CORP Revenue by Segment — Quarterly Trend
STRATTEC SECURITY CORP revenue by segment across the last 4 reported quarters, showing how each business line (such as Keys And Locksets and Stellantis) has evolved quarter over quarter.
| Segment | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 |
|---|---|---|---|---|
| Keys And Locksets | $26.8M | $29.3M | — | $27.8M |
| Stellantis | — | — | — | $21.0M |
| Tier One Customers | — | — | — | $19.7M |
| Latches | $16.3M | $19.7M | — | $18.9M |
| All Other Customers | — | — | — | $16.0M |
STRATTEC SECURITY CORP Annual Revenue by Year
STRATTEC SECURITY CORP annual revenue history includes year-by-year totals (for example, 2025 revenue was $565.1M).
| Year | Annual Revenue |
|---|---|
| 2025 | $565.1M |
| 2023 | $492.9M |
| 2022 | $452.3M |
STRATTEC SECURITY CORP Quarterly Revenue & Net Profit History
STRATTEC SECURITY CORP results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q2 FY2026 | $137.5M | +5.9% | $4.9M | 3.6% |
| Q1 FY2026 | $152.4M | +9.6% | $8.5M | 5.6% |
| Q4 FY2025 | $152.0M | — | $8.3M | 5.4% |
| Q3 FY2025 | $144.1M | +2.4% | $5.4M | 3.7% |
| Q2 FY2025 | $129.9M | +9.6% | $1.3M | 1.0% |
| Q1 FY2025 | $139.1M | +5.2% | $3.7M | 2.7% |
| Q3 FY2024 | $140.8M | +24.4% | $1.5M | 1.1% |
| Q2 FY2024 | $118.5M | -1.5% | $1.0M | 0.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $118.5M | $140.8M | $139.1M | $129.9M | $144.1M | $152.0M | $152.4M | $137.5M |
| YoY Growth | -1.5% | 24.4% | 5.2% | 9.6% | 2.4% | N/A | 9.6% | 5.9% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $331.8M | $348.5M | $366.9M | $355.9M | $387.4M | $391.5M | $390.1M | $392.2M |
| Liabilities | $140.4M | $154.7M | $163.8M | $151.4M | $176.7M | $145.0M | $134.3M | $129.2M |
| Equity | $191.4M | $193.8M | $203.0M | $204.5M | $210.7M | $221.6M | $230.5M | $236.8M |
Cash Flow
| Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $-309000 | $11.3M | $9.4M | $20.7M | $30.2M | $11.3M | $13.9M |