Start here if you're new
what it is
CPS makes specialized metal-and-ceramic parts and lightweight armor for trains, EVs, internet hardware, wind systems, and defense gear.
how it gets paid
Last year Cps Technologies made $33M in revenue. transportation and rail components was the main engine at $8.6M, or 26% of sales.
why it's growing
Revenue grew 54.3% last year. $24M mattered most because it was up 177% vs. prior year and reshaped the scale of the business in a single quarter.
what just happened
Revenue hit $24M, up 177% vs. prior year, while EPS came in at $0.03.
At a glance
C++ balance sheet — some cracks in the foundation
35/100 earnings predictability — expect surprises
127.3x trailing p/e — you're paying up for this one
1.7% return on capital — nothing to write home about
$0.03 fy2025 eps est
xvary composite: 41/100 — below average
What they do
CPS makes specialized metal-and-ceramic parts and lightweight armor for trains, EVs, internet hardware, wind systems, and defense gear.
CPS sells metal matrix composites, or MMCs. MMCs → metal mixed with ceramics → parts that run cooler, lighter, and tougher. That matters when your customer is building EVs, wind systems, or military gear and failure is expensive. The whole company has just 92 employees, yet it sells into six end markets listed by the company. Small headcount, specialized parts, hard jobs.
How they make money
$33M
annual revenue · their business grew +54.3% last year
transportation and rail components
$8.6M
automotive and electric vehicle components
$7.3M
energy and wind-turbine components
$5.9M
computing, internet, and telecom components
$5.0M
aerospace and defense armor
$6.2M
The products that matter
thermal management substrates
AlSiC Components
core technology platform
These parts sit inside high-power computing and defense systems where heat is the problem no one gets to ignore. On a $33M revenue base, one program win here has outsized weight.
heat control
electronics protection
Hermetic Packages
aerospace and transit exposure
These packages protect sensitive electronics in aerospace and mass transit. In a business running at 16.7% gross margin, higher-value applications matter more because there is not much room for ordinary work.
harsh environments
power module components
Hybrid Circuit Substrates
transportation and power control
These show up in trains, hybrid vehicles, and power systems. The appeal is not breadth for its own sake. It's that a company this small does not need many wins for a side line to matter.
small base effect
Key numbers
127.3x
trailing p/e
P/E → price compared with profit → so what: you are paying 127.3 years of trailing earnings for a company with a 3.2% operating margin.
$33M
annual revenue
This is the size of the whole company today. A $68M market cap against $33M of sales means the equity value is about 2.1x revenue.
3.2%
operating margin
Operating margin → profit after running the business → so what: only 3.2 cents of every sales dollar survives operating costs.
$0M
long-term debt
Long-term debt is zero, or 0% of capital. That keeps the balance sheet from becoming the problem while management tries to fix earnings.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 3 — safer than 50% of stocks
- price stability 10 / 100
- long-term debt $0M (0% of capital)
C++ — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for CPSH right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue hit $24M, up 177% vs. prior year, while EPS came in at $0.03.
That quarter alone was almost 73% of the company's $33M annual revenue, based on the provided SEC figures. Deadpan fact bomb: one quarter nearly matched three quarters of the entire year.
$24M
revenue
$0.03
eps
16.7%
gross margin
the number that mattered
$24M mattered most because it was up 177% vs. prior year and reshaped the scale of the business in a single quarter.
source: EDGAR filing, latest quarter
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
CPSH's risk is not abstract. A $33M revenue base, a 3.2% operating margin, and $19M tied to defense & aerospace means a few customer programs do a lot of the heavy lifting.
high
Program concentration
Defense & aerospace generated $19M, or 58% of revenue. When one end market carries that much weight, a delayed order or canceled program hits hard.
A disruption here goes straight at the biggest part of the $33M revenue base.
high
Thin margins
Gross margin was 16.7% and operating margin was 3.2%. That means a modest jump in input costs, scrap, or labor can erase profit quickly.
The company kept only 3.2 cents of operating profit on each revenue dollar last year.
med
Small-scale economics
At a $68M market cap and $33M revenue base, fixed costs matter a lot. Small manufacturers do not get many mediocre quarters for free.
The business needs growth and better margin conversion. One without the other leaves the story thin.
med
Liquidity and volatility
The stock traded between $1 and $7 over the last 52 weeks and carries a 10 / 100 price stability score. You can be right on the business and still sit through a violent stock path.
Volatility is part of owning CPSH, not a side effect.
What would change our mind: if revenue growth cools from 54.5% and operating margin still sits near 3.2%, the growth thesis breaks.
source: institutional data · regulatory filings · risk analysis
Pay attention to
margin
Whether 3.2% operating margin finally moves
This is the main tell. If revenue keeps rising and margin stays pinned near 3%, the excitement fades fast.
earnings
Next quarterly read on 2026 follow-through
You want to see whether the record 2025 revenue run was a one-off spike or the start of steadier order flow.
contract flow
Progress on the $12M defense contract
For a company this small, contract execution is not background noise. It can define the year.
customer mix
Whether revenue broadens beyond a few large programs
More diversification would make the growth more durable. Without it, you still own a concentrated project business.
Analyst rankings
earnings predictability
35 / 100
Earnings predictability measures how steady the numbers tend to be. In human-speak, analysts do not trust CPSH to print smooth quarters.
risk rank
3
This sits around the middle on broad risk scoring. The balance sheet is not the main problem. The operating model is.
source: institutional data
Institutional activity
institutional ownership data for CPSH is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$4
current price
n/a
target midpoint · n/a from current
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive