CPSCooper-Standard Holdings Inc.
Is the business good?
A genuinely good business: earnings fully cash-backed (1.1×) and margins widening.
Operating profit is fully backed by cash. Conversion is improving vs a year ago.
Operating profit is falling even as sales grow, costs are outrunning the top line.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is CPS?
Cooper-Standard Holdings Inc. earns 5.7% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 3.3 points below what the capital costs: growth destroys value
- Operating margin
- 2.3%
Operating margin · Auto Parts median 5.9% · 12 months to Q2 2026
- Cash conversion
- 1.10×
Cash conversion · 0.80× a year ago · operating cash flow covers the operating profit after tax
- Share count, year on year
- +0.95%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | −11% |
| FY2021 | −9.0% |
| FY2022 | −4.2% |
| FY2023 | 1.6% |
| FY2024 | 2.6% |
| FY2025 | 3.2% |
Details›
- Gross margin12 months to Q2 2026
- 12%
- Operating margin12 months to Q2 2026
- 2.3%
- Net margin12 months to Q2 2026
- −2.0%
- Free cash flow margin
- −0.18%
- Revenue, trailing twelve months
- $2.78B
- Free cash flow, trailing twelve months
- −$4.9M
- Net income, trailing twelve months
- −$56M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 5.7%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.