Rogers Corp (ROG)
NYSE:ROG
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Rogers
(NYSE:ROG)
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Rating:68Neutral
Price Target:
$121.00
▲(14.69% Upside)
Action:ReiteratedDate:02/20/26
The score reflects strong technical momentum and a constructive earnings outlook (margin/EBITDA and EPS improvement guidance) supported by balance-sheet strength and cash generation. Offsetting these positives are weakened recent earnings (including a 2025 net loss) and limited valuation support due to a negative P/E.
Positive Factors
Balance sheet strength
Rogers' low and improving leverage plus a large equity base provide durable financial flexibility. That cushion supports capital expenditures, selective M&A, and share repurchases while absorbing cyclical revenue volatility, enabling multi‑year strategic investments without relying on external funding.
Negative Factors
Choppy revenue and 2025 net loss
Multi‑year revenue softness and a 2025 net loss indicate underlying demand and margin pressure that reduce earnings predictability. Even with gross margin resilience, compressed operating profits mean improvement depends on consistent revenue recovery and execution of cost programs to restore durable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Rogers' low and improving leverage plus a large equity base provide durable financial flexibility. That cushion supports capital expenditures, selective M&A, and share repurchases while absorbing cyclical revenue volatility, enabling multi‑year strategic investments without relying on external funding.
Read all positive factors
Rogers (ROG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.88B
Dividend YieldN/A
Average Volume (3M)168.56K
Price to Earnings (P/E)―
Beta (1Y)1.01
Revenue Growth-4.87%
EPS Growth-235.48%
CountryUS
Employees3,200
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.89
Shares Outstanding17,827,673
10 Day Avg. Volume120,252
30 Day Avg. Volume168,560
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)1.41
Price to Sales (P/S)2.08
P/FCF Ratio23.70
Enterprise Value/Market Cap0.91
Enterprise Value/Revenue2.13
Enterprise Value/Gross Profit6.87
Enterprise Value/Ebitda18.07
Forecast
1Y Price Target
$133.00Price Target Upside26.07% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)3.13
Revenue Forecast (FY)$864.93M
Rogers Business Overview & Revenue Model
Company Description
Rogers 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...
How the Company Makes Money
Rogers 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 resident...
Rogers Earnings Call Summary
Earnings Call Date:Feb 17, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 23, 2026
Earnings Call Sentiment Positive
The call conveyed meaningful operational and financial progress: mid-single-digit revenue growth, sizable margin expansion (500 bps), near-term EPS improvement, strong free cash flow, balance-sheet strength ($197M cash), and material cost savings realized. Management acknowledged remaining challenges — notably EMS and EV/HEV revenue weakness, portable electronics end-of-life impact, slower-than-expected ramp at the ceramic China facility, and near-term restructuring charges and higher tax rate — but presented clear initiatives (design wins, new market focus on data centers, continued cost programs) to drive multiyear growth. On balance, the positives (profitability gains, cash generation, cost savings, constructive guidance) outweigh the negatives (demand pockets and execution timing risks), supporting a constructive outlook while recognizing execution and market risks in 2026.Positive Updates
Quarterly Revenue Near High End of Guidance
Q4 sales of $202 million approached the high end of guidance and improved 5% versus Q4 2024, with the midpoint of Q1 2026 guidance implying a similar ~5% year-over-year sales increase.
Negative Updates
EMS and EV/HEV Sales Declines
EMS revenues declined 6.7% in Q4 2024 vs 2025, largely due to lower EV/HEV sales concentrated in regions with weak EV demand; total EV/HEV sales and EMS full-year revenue ended well below the prior year.
Read all updates
Q4-2025 Updates
Positive
Negative
Quarterly Revenue Near High End of Guidance
Q4 sales of $202 million approached the high end of guidance and improved 5% versus Q4 2024, with the midpoint of Q1 2026 guidance implying a similar ~5% year-over-year sales increase.
Read all positive updates
Company Guidance
Rogers guided Q1 2026 revenue of $193–$208 million (midpoint +5% YoY), gross margin of 30.5%–32.5% (midpoint +160 bps YoY), adjusted operating expenses down >5% YoY (but slightly above Q4 levels as some compensation resets), adjusted EBITDA of $27–$35 million (midpoint 15.5% margin, +530 bps vs Q1 2025) and adjusted EPS of $0.45–$0.85 (midpoint $0.65 vs $0.27 in Q1 2025), excluding ceramic Germany restructuring charges; the company noted $5.4 million of restructuring charges already incurred (total estimate $12–$20 million, implying ~$6.6–$14.6 million remaining to be incurred Q1–Q3 2026) that are expected to deliver ~$13 million of annual run‑rate savings, a non‑GAAP full‑year tax rate of ~32%, 2026 capital expenditures of $30–$40 million (comparable to 2025’s $30 million), and a plan for full‑year adjusted EBITDA growth versus 2025 while share buybacks (about $52 million of repurchase authorization remaining) will be balanced against M&A and other capital priorities.Rogers Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
78
Positive
Cash Flow
67
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 810.80M | 830.10M | 908.40M | 971.20M | 932.90M |
| Gross Profit | 256.80M | 277.10M | 307.10M | 321.00M | 349.10M |
| EBITDA | 7.80M | 98.30M | 127.50M | 113.10M | 169.90M |
| Net Income | -61.80M | 26.10M | 56.60M | 116.60M | 108.10M |
Balance Sheet | |||||
| Total Assets | 1.43B | 1.48B | 1.52B | 1.65B | 1.60B |
| Cash, Cash Equivalents and Short-Term Investments | 197.00M | 159.80M | 131.70M | 235.90M | 232.30M |
| Total Debt | 39.70M | 24.60M | 50.00M | 228.50M | 190.41M |
| Total Liabilities | 234.20M | 229.50M | 258.20M | 473.70M | 479.67M |
| Stockholders Equity | 1.20B | 1.25B | 1.26B | 1.17B | 1.12B |
Cash Flow | |||||
| Free Cash Flow | 71.10M | 71.00M | 74.40M | 12.70M | 53.30M |
| Operating Cash Flow | 101.20M | 127.10M | 131.40M | 129.50M | 124.40M |
| Investing Cash Flow | -14.80M | -45.60M | -47.90M | -113.10M | -238.60M |
| Financing Cash Flow | -53.90M | -50.10M | -190.30M | -10.10M | 159.00M |
Rogers Technical Analysis
Positive
105.50
Price Trends
104.59
Positive
96.99
Positive
86.82
Positive
Market Momentum
0.56
Negative
50.56
Neutral
64.83
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 105.5 is above the 20-day moving average (MA) of 104.46, above the 50-day MA of 104.59, and above the 200-day MA of 86.82, indicating a bullish trend. The MACD of 0.56 indicates Negative momentum. The RSI at 50.56 is Neutral, neither overbought nor oversold. The STOCH value of 64.83 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 22 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | $7.06B | 41.35 | 18.74% | ― | 11.55% | 1745.46% | |
68 Neutral | $1.88B | -27.26 | -5.07% | ― | -4.87% | -235.48% | |
68 Neutral | $1.39B | 19.37 | 11.94% | 0.36% | 3.70% | 1.68% | |
62 Neutral | $2.02B | 61.39 | 2.25% | 1.44% | -2.93% | -40.33% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $1.05B | ― | 10.07% | ― | 10.76% | ― | |
47 Neutral | $207.27M | -4.46 | -9.42% | 5.93% | -9.51% | 29.57% |
* Technology Sector Average
ROG
Rogers
105.50
42.64
67.83%
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56.57
23.72
72.19%
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5.85
0.44
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155.64
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258.87%
PENG
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20.69
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35.05%
Rogers Corporate Events
Business Operations and StrategyStock BuybackFinancial Disclosures
Rogers Reports Improved Q4 2025 Profitability and Cash Flow
Positive
Feb 17, 2026
On February 17, 2025, Rogers Corporation reported 2025 net sales of $810.8 million, down modestly from 2024, with a gross margin of 31.7% and a net loss of $61.8 million, or a loss of $3.40 per share, while generating adjusted EBITDA of $115.0 mil...
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.