Cooper-Standard (CPS) Q4 2025 earnings summary

Executive summary

• Achieved best operational performance in company history in 2025, with world-class product quality, safety, and service metrics, significant lean savings, cost optimization, and multiple industry awards for excellence and sustainability.

• Overcame inflationary headwinds and major customer supply chain disruptions in Q4, delivering results above the original operating plan and at the high end of updated guidance.

• Secured $298 million in net new business awards in 2025, with a strong focus on innovation, electrification, and a strategic shift toward Chinese OEMs.

• Full year 2025 sales increased 0.4% to $2.74 billion, operating income grew 24% to $86.6 million, and adjusted EBITDA rose to $209.7 million (7.6% margin).

• Net loss improved by $74.6 million year-over-year to $(4.2) million, with adjusted net loss at $(31.0) million.

Financial highlights

• Q4 2025 sales were $672.4 million, up 1.8% year-over-year, with adjusted EBITDA of $34.9 million (5.2% margin).

• Full-year 2025 sales reached $2,740.9 million, with adjusted EBITDA of $209.7 million (7.6% margin), up from $180.7 million (6.6%) in 2024.

• Free cash flow for 2025 was $16.3 million, positive for the third consecutive year.

• Capital expenditures totaled $48.2 million, consistent with prior year.

• Ended 2025 with $191.7 million cash on hand and $352.6 million in total liquidity.

Outlook and guidance

• 2026 guidance anticipates sales of $2.7–$2.9 billion, adjusted EBITDA of $260–$300 million, and capital expenditures of $55–$65 million.

• Targeting double-digit EBITDA margin for 2026, with margin and cash flow building through the year.

• Long-term plans include reducing net leverage ratio to 2x or lower and tripling return on invested capital by 2028.

• Revenue guidance reflects conservative industry volume forecasts; upside possible if volumes exceed S&P predictions.

• Margin expansion is expected to accelerate in 2026, driven by cost optimization, new program launches, and higher value content per vehicle.