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Rogers Corp (ROG)
NYSE:ROG
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Rogers
(NYSE:ROG)
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Rating:58Neutral
Price Target:
$102.00
▲(1.49% Upside)
The overall stock score of 58 reflects the company's mixed financial performance, with profitability challenges and revenue volatility being significant concerns. Technical analysis shows a positive trend, but valuation metrics highlight current profitability issues. The positive earnings call and corporate events provide some optimism for future growth, but the immediate financial challenges weigh heavily on the score.
Positive Factors
Operational Efficiency
Improved operational efficiency and cost reductions enhance long-term profitability, supporting sustainable growth and competitive positioning.
Strong Balance Sheet
A strong balance sheet with low leverage provides financial flexibility, enabling strategic investments and resilience against economic downturns.
Board Transition
Leadership changes with experienced directors can drive strategic initiatives, improving governance and aligning with long-term growth objectives.
Negative Factors
Revenue Volatility
Revenue volatility and declines indicate challenges in market stability and demand, potentially impacting long-term financial performance.
Profitability Challenges
Sustained profitability challenges can hinder reinvestment capabilities and affect the company's ability to compete effectively over time.
Free Cash Flow Inconsistency
Inconsistent free cash flow generation can limit investment in growth opportunities and shareholder returns, affecting long-term value creation.
Rogers (ROG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.76B
Dividend YieldN/A
Average Volume (3M)168.56K
Price to Earnings (P/E)―
Beta (1Y)1.11
Revenue Growth-4.87%
EPS Growth-235.48%
CountryUS
Employees3,200
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.90
Shares Outstanding17,984,499
10 Day Avg. Volume120,252
30 Day Avg. Volume168,560
Financial Highlights & Ratios
PEG Ratio-1.34
Price to Book (P/B)1.51
Price to Sales (P/S)2.28
P/FCF Ratio26.62
Enterprise Value/Market Cap0.94
Enterprise Value/Revenue2.09
Enterprise Value/Gross Profit6.72
Enterprise Value/Ebitda19.09
Forecast
1Y Price Target
$298.84Price Target Upside197.35% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Rogers Business Overview & Revenue Model
Company DescriptionRogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices, and wired infrastructure markets. This segment sells its products under the curamik, ROLINX, RO4000, RO3000, RT/duroid, CLTE Series, TMM, AD Series, DiClad, CuClad Series, Kappa, COOLSPAN, TC Series, 92ML, IsoClad, MAGTREX, XTremeSpeed RO1200, IM Series, 2929 Bondply, 3001 Bondply Film, and SpeedWave names. The EMS segment provides engineered material solutions, including polyurethane and silicone materials used in cushioning, gasketing, sealing, and vibration management applications; customized silicones used in flex heater and semiconductor thermal applications; and polytetrafluoroethylene and ultra-high molecular weight polyethylene materials used in wire and cable protection, electrical insulation, conduction and shielding, hose and belt protection, vibration management, cushioning, gasketing and sealing, and venting applications. This segment sells its products under the PORON, BISCO, DeWAL, ARLON, eSORBA, Griswold, XRD, Silicone Engineering, and R/bak names. The Other segment provides elastomer components; and elastomer floats for level sensing in fuel tanks, motors, and storage tanks for applications in the general industrial and automotive markets under the ENDUR and NITROPHYL names. Rogers Corporation was founded in 1832 and is headquartered in Chandler, Arizona.
How the Company Makes MoneyRogers generates revenue primarily through its Wireless segment, which includes the sale of mobile voice and data services, device sales, and accessories. The company also earns significant income from its Cable segment, which encompasses residential services such as internet, television, and home phone services. Additionally, the Media segment contributes to revenue through advertising sales, subscriptions, and content licensing from various television and radio stations. Partnerships with content providers and technology companies further enhance its offerings, enabling Rogers to attract and retain customers. Furthermore, the company's Business Solutions segment provides telecommunications and managed services to enterprise clients, contributing another stream of income. Overall, Rogers' diverse revenue model allows it to capitalize on multiple market opportunities within the telecommunications and media landscape.
Rogers Earnings Call Summary
Earnings Call Date:Oct 29, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 17, 2026
Earnings Call Sentiment Neutral
The earnings call presented a balanced view with notable achievements in sales performance and operational improvements. However, challenges in specific markets and anticipated seasonal declines bring caution. Overall, the company's strategic initiatives are expected to position it well for future growth.Q3-2025 Updates
Positive Updates
Sales and Earnings Exceed Expectations
Sales, gross margins, and adjusted EPS results were all at the upper end of guidance and exceeded Street consensus. Sales increased by 6.5% from the prior quarter and 2.7% compared to the prior year.
Improvements in Key End Markets
Sales increased in portable electronics, industrial, aerospace, and defense markets, marking the third consecutive quarter of higher industrial sales.
Operational Efficiency and Cost Reduction
Expense reduction actions improved EBITDA margins by approximately 300 basis points versus the prior year. Significant progress in restructuring operations in Germany with $13 million of annualized savings targeted by late 2026.
Positive Cash Flow and Shareholder Returns
Cash increased by $10.6 million from the end of the second quarter. Share repurchases of $10 million with plans for increased repurchases in Q4.
Negative Updates
Sequential Decline in Q4 Revenue Expected
Guidance for Q4 indicates a 9% decline in sales quarter-over-quarter due to typical seasonal factors and slower order patterns as customers manage year-end inventory.
Challenges in EV and HEV Markets
EV and HEV sales were relatively unchanged versus the prior quarter and remained well below the prior year.
Impact of Tariffs and Economic Conditions
Tariffs and economic conditions continue to pose challenges, with Q4 guidance assuming current tariff policies remain unchanged.
Company Guidance
During the Rogers Corporation Third Quarter 2025 Earnings Conference Call, several key financial metrics and guidance details were discussed. The company reported a 6.5% increase in sales from the previous quarter, with a 2.7% year-over-year rise, driven by gains in portable electronics, industrial, aerospace, and defense markets. Adjusted earnings per share (EPS) reached $0.90, a significant improvement from $0.34 in Q2. The adjusted EBITDA margin improved by 540 basis points to 17.2% of sales. For Q4, sales are projected to be between $190 million and $205 million, with a gross margin ranging from 30% to 32%. Adjusted EPS is expected to range from $0.40 to $0.80, while adjusted EBITDA margin is forecasted to improve by approximately 300 basis points compared to the prior year. The company highlighted a focus on operational excellence, cost structure optimization, and new product introductions to drive sustained growth.Rogers Financial Statement Overview
Summary
Rogers faces challenges with profitability and revenue stability, as evidenced by negative margins and fluctuating revenue growth. The balance sheet is strong with low leverage, but declining returns on equity are concerning. Cash flow generation is mixed, with strong operating cash flow but inconsistent free cash flow. Overall, the company needs to address operational inefficiencies and improve profitability to enhance financial health.Income Statement
Rogers has experienced significant revenue volatility, with a notable decline in revenue over the past few years. The TTM data shows a sharp revenue growth, but this is overshadowed by negative EBIT and net income margins, indicating operational inefficiencies and profitability challenges. Historical data shows declining gross profit margins, suggesting pressure on cost management.45
Neutral
Balance Sheet
The company's balance sheet is relatively stable with a low debt-to-equity ratio, indicating conservative leverage. However, the return on equity has been declining, reflecting reduced profitability. The equity ratio remains strong, suggesting a solid capital structure, but the declining ROE is a concern for long-term value creation.60
Neutral
Cash Flow
Cash flow analysis reveals a mixed picture. While operating cash flow is relatively strong, the free cash flow has been inconsistent, with recent declines. The operating cash flow to net income ratio is healthy, but the free cash flow to net income ratio indicates potential issues in converting profits into cash.55
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 793.90M | 830.10M | 908.40M | 971.20M | 932.90M | 802.58M |
| Gross Profit | 247.40M | 277.10M | 307.10M | 321.00M | 349.10M | 291.82M |
| EBITDA | 87.10M | 98.30M | 127.50M | 113.10M | 169.90M | 152.11M |
| Net Income | -66.90M | 26.10M | 56.60M | 116.60M | 108.10M | 49.99M |
Balance Sheet | ||||||
| Total Assets | 1.45B | 1.48B | 1.52B | 1.65B | 1.60B | 1.26B |
| Cash, Cash Equivalents and Short-Term Investments | 167.80M | 159.80M | 131.70M | 235.90M | 232.30M | 191.78M |
| Total Debt | 23.00M | 24.60M | 50.00M | 228.50M | 190.41M | 34.57M |
| Total Liabilities | 243.30M | 229.50M | 258.20M | 473.70M | 479.67M | 243.25M |
| Stockholders Equity | 1.20B | 1.25B | 1.26B | 1.17B | 1.12B | 1.02B |
Cash Flow | ||||||
| Free Cash Flow | 47.20M | 71.00M | 74.40M | 12.70M | 53.30M | 124.67M |
| Operating Cash Flow | 88.00M | 127.10M | 131.40M | 129.50M | 124.40M | 165.06M |
| Investing Cash Flow | -16.10M | -45.60M | -47.90M | -113.10M | -238.60M | -40.38M |
| Financing Cash Flow | -51.50M | -50.10M | -190.30M | -10.10M | 159.00M | -104.19M |
Rogers Technical Analysis
Positive
100.50
Price Trends
92.46
Positive
87.69
Positive
78.41
Positive
Market Momentum
1.65
Positive
59.83
Neutral
50.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ROG, the sentiment is Positive. The current price of 100.5 is above the 20-day moving average (MA) of 97.62, above the 50-day MA of 92.46, and above the 200-day MA of 78.41, indicating a bullish trend. The MACD of 1.65 indicates Positive momentum. The RSI at 59.83 is Neutral, neither overbought nor oversold. The STOCH value of 50.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ROG.
Rogers Risk Analysis
Rogers disclosed 23 risk factors in its most recent earnings report. Rogers reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Rogers Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $1.54B | 27.00 | 10.98% | 0.36% | 3.70% | 1.68% | |
71 Outperform | $7.04B | 90.58 | 13.89% | ― | 11.55% | 1745.46% | |
64 Neutral | $1.92B | 52.66 | 3.37% | 1.44% | -2.93% | -40.33% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
58 Neutral | $1.76B | -27.71 | -5.34% | ― | -4.87% | -235.48% | |
56 Neutral | $1.04B | 80,291.01 | 4.85% | ― | 10.76% | ― | |
50 Neutral | $293.89M | -4.79 | -8.87% | 5.93% | -9.51% | 29.57% |
* Technology Sector Average
ROG
Rogers
100.50
11.19
12.53%
BHE
Benchmark Electronics
56.02
14.67
35.48%
CTS
CTS
53.28
6.39
13.62%
MEI
Methode Electronics
8.48
-1.91
-18.39%
VICR
Vicor
166.76
117.60
239.22%
PENG
Penguin Solutions
18.21
-1.90
-9.45%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.