MEDIUMBuilt-inGeographic
43.7%
non-U.S. operations
“10-K Item 1: 'Net sales from non-U.S. operations | | 43.7% | | 42.0% | | 45.0%'”
CTS · Concentration risk · 10-K extracted
CTS (CTS) concentration risks
Updated
The most significant concentration CTS discloses is non-U.S. operations at 43.7%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: CTS’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH0
MEDIUM1
LOW2
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyCustomer
11.2%
Toyota Motor Corporation
“10-K Item 1: 'Toyota Motor Corporation | | 11.2% | | 12.2% | | 12.5%'”
LOWOutside partyCustomer
8.4%
Cummins, Inc.
“10-K Item 1: 'Cummins, Inc. | | 8.4% | | 11.7% | | 15.0%'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06CTS Corporation's concentration risk blends a moderate geographic tilt with modest customer-level dependencies. Net sales from non-U.S. operations represented 43.7% of the total, a moderate-share structural exposure reflecting the company's global manufacturing and sales footprint rather than reliance on any single counterparty. On the customer side, Toyota Motor Corporation accounted for 11.2% and Cummins, Inc. for 8.4% of sales — both modest, dependency-type exposures to individual original equipment manufacturers. Combined, Toyota and Cummins represent less than a fifth of sales, meaning no single customer dominates the revenue base, and each carries a comparatively small share on its own. The non-U.S. revenue concentration is the larger of the disclosed exposures and the one more likely to move the verdict, since a slowdown in international end-markets would affect a larger share of the business than the loss of either named customer; the Toyota and Cummins concentrations, while genuine counterparty dependencies, are modest enough in scale that they represent manageable rather than dominant risk factors relative to the geographic exposure.
For the engine’s reasoning on CTS’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Electronic Components
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| APH | Amphenol Corporation | 2 | 1 | 1 | 4 |
| BELFB | Bel Fuse Inc. | 2 | 1 | 0 | 3 |
| BHE | Benchmark Electronics, Inc. | 2 | 0 | 0 | 2 |
| ALNT | Allient Inc. | 1 | 1 | 0 | 2 |
| BELFA | Bel Fuse Inc. | 0 | 2 | 0 | 2 |
| CTS● | CTS Corporation | 0 | 1 | 2 | 3 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.