Key Tronic Financials
Key Tronic (KTCC) reported $467.9M in revenue for fiscal year 2025. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Stable gross margins now sit beside a working-capital release, but interest expense overwhelms a much thinner operating profit.
Revenue contracted23.0% from FY2023 to FY2025 while gross margin stayed near7.8% , indicating the main deterioration was not in direct production economics. Operating margin slipped to0.1% as interest expense reached$12.5M , leaving a near-break-even operating business with a net loss.
Despite a net loss of
The current ratio reached 2.5x as current liabilities fell to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Key Tronic's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Key Tronic has an operating margin of 0.1%, meaning the company retains less than $1 of operating profit per $100 of revenue. This results in a moderate score of 42/100, indicating healthy but not exceptional operating efficiency. This is down from 2.7% the prior year.
Key Tronic's revenue declined 22.7% year-over-year, from $605.3M to $467.9M. This contraction results in a growth score of 13/100.
Key Tronic has elevated debt relative to equity (D/E of 0.84), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 5/100, reflecting increased financial risk.
With a current ratio of 2.55, Key Tronic holds $2.55 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 70/100.
Key Tronic's free cash flow margin of 3.2% results in a low score of 29/100. Capital expenditures of $4.1M absorb a large share of operating cash flow.
Key Tronic posts a -7.1% return on equity (ROE), meaning it loses $7 for every $100 of shareholders' equity. This results in a returns score of 43/100. This is down from 4.0% the prior year.
Key Tronic scores 2.45, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Key Tronic passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Key Tronic reported a net loss of $8.3M while generating $18.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Tronic earns $0.04 in operating income for every $1 of interest expense ($562K vs $12.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Key Tronic generated $467.9M in revenue in fiscal year 2025.
Key Tronic's EBITDA was $10.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Key Tronic reported -$8.3M in net income in fiscal year 2025.
Cash & Balance Sheet
Key Tronic generated $14.8M in free cash flow in fiscal year 2025, representing cash available after capex.
Key Tronic held $1.4M in cash against $98.9M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Key Tronic's gross margin was 7.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs.
Key Tronic's operating margin was 0.1% in fiscal year 2025, reflecting core business profitability.
Key Tronic's net profit margin was -1.8% in fiscal year 2025, showing the share of revenue converted to profit.
Key Tronic's ROE was -7.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
Key Tronic invested $9.2M in research and development in fiscal year 2025.
Key Tronic invested $4.1M in capex in fiscal year 2025, funding long-term assets and infrastructure.
Not reported for fiscal year 2025.
KTCC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 | FY16 | FY15 | FY14 | FY13 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $395.1M | $467.9M | $605.3M+11.2% | $544.2M+4.9% | $518.7M+15.4% | $449.5M-3.1% | $464.0M | $467.8M-3.5% | $485.0M+11.7% | $434.0M+42.1% | $305.4M-15.4% | $361.0M | $253.8M+27.2% | $199.6M |
| Cost of Revenue | $372.3M | $431.4M | $557.8M+11.4% | $501.0M+5.1% | $476.7M+15.1% | $414.2M-3.5% | $429.4M | $429.5M-3.7% | $446.1M+11.3% | $400.7M+43.9% | $278.5M-14.7% | $326.5M | $233.2M+29.3% | $180.4M |
| Gross Profit | $22.8M | $36.4M | $47.5M+9.9% | $43.2M+2.8% | $42.0M+19.3% | $35.2M+1.9% | $34.6M | $38.3M-1.4% | $38.8M+16.6% | $33.3M+24.0% | $26.9M-22.2% | $34.5M | $20.6M+7.3% | $19.3M |
| R&D Expenses | $8.0M | $9.2M | $9.7M-0.9% | $9.8M+0.3% | $9.8M+32.5% | $7.4M+12.8% | $6.6M | $6.4M-0.1% | $6.4M+10.6% | $5.8M+3.5% | $5.6M+8.3% | $5.2M | $3.8M+35.9% | $2.8M |
| SG&A Expenses | $28.8M | $26.7M | $25.7M+4.5% | $24.6M+8.3% | $22.7M+8.1% | $21.0M-2.4% | $21.6M | $22.4M+1.6% | $22.0M+5.5% | $20.9M+74.4% | $12.0M+6.5% | $11.2M | $9.9M+9.3% | $9.1M |
| Operating Income | -$13.4M | $562K | $16.3M+85.6% | $8.8M-7.7% | $9.5M+39.5% | $6.8M+214.6% | -$6.0M | $9.5M-8.4% | $10.4M+56.6% | $6.7M-28.5% | $9.3M-48.7% | $18.1M | $6.9M-6.1% | $7.4M |
| Interest Expense | $10.3M | $12.5M | $10.0M+96.4% | $5.1M+41.3% | $3.6M+44.0% | $2.5M-9.8% | $2.8M | $2.3M+1.0% | $2.3M+67.4% | $1.4M+1570.4% | $81K-70.1% | $271K | $457K+348.0% | $102K |
| Income Tax | -$6.3M | -$3.6M | $1.1M+264.0% | $314K-80.0% | $1.6M+458.1% | -$439K+42.1% | -$758K | $1.6M+1.3% | $1.6M+62.4% | $996K-38.1% | $1.6M-69.5% | $5.3M | $746K+153.1% | -$1.4M |
| Net Income | -$17.4M | -$8.3M | $5.2M+52.7% | $3.4M-22.2% | $4.3M-8.8% | $4.8M+159.6% | -$8.0M | $5.6M-14.0% | $6.5M+51.8% | $4.3M-43.5% | $7.6M-39.5% | $12.6M | $5.7M-34.0% | $8.7M |
| EPS (Diluted) | — | -$0.77 | $0.47+51.6% | $0.31-20.5% | $0.39-11.4% | $0.44+159.5% | -$0.74 | $0.51-12.1% | $0.58+52.6% | $0.38-43.3% | $0.67-40.2% | $1.12 | $0.55-35.3% | $0.85 |
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2012, FY2018, FY2024.
KTCC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 | FY16 | FY15 | FY14 | FY13 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $315.9M | $418.3M+2.8% | $406.9M+12.5% | $361.8M+18.7% | $304.9M+27.9% | $238.3M | $232.8M-1.3% | $235.9M+2.2% | $230.8M+47.3% | $156.7M+15.9% | $135.1M | $112.4M | N/A |
| Current Assets | $234.2M | $349.5M+2.8% | $340.0M+13.6% | $299.3M+23.3% | $242.8M+22.5% | $198.1M | $178.2M-1.8% | $181.5M+1.7% | $178.5M+44.8% | $123.2M+10.2% | $111.8M | $91.6M | N/A |
| Cash & Equivalents | $1.4M | $3.6M+111.1% | $1.7M-50.8% | $3.5M+528.0% | $553K-8.0% | $601K | $373K-63.4% | $1.0M+173.7% | $372K-93.6% | $5.8M-46.4% | $10.8M | $1.2M+60.0% | $770K |
| Inventory | $97.3M | $137.9M-11.4% | $155.7M+13.4% | $137.3M+19.4% | $115.0M+14.5% | $100.4M | $101.6M-5.1% | $107.0M+16.8% | $91.6M+64.6% | $55.6M+24.6% | $44.7M | $41.6M | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $40.4M | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | $0 | $10.0M0.0% | $10.0M0.0% | $10.0M+472.2% | $1.7M | $0 | N/A | N/A |
| Total Liabilities | $198.7M | $287.7M+2.0% | $282.0M+18.4% | $238.1M+25.8% | $189.3M+52.8% | $123.9M | $116.3M-10.8% | $130.3M+0.2% | $130.0M+145.3% | $53.0M+29.4% | $41.0M | $44.3M | N/A |
| Current Liabilities | $92.0M | $152.0M-7.1% | $163.7M+29.2% | $126.7M+12.9% | $112.2M+20.1% | $93.4M | $77.8M-7.6% | $84.1M-3.1% | $86.8M+66.4% | $52.2M+37.5% | $37.9M | $33.3M | N/A |
| Long-Term Debt | $98.9M | $121.5M+21.2% | $100.3M-0.1% | $100.4M+904.1% | $10.0M-11.5% | $11.3M | $18.8M-11.7% | $21.3M-19.0% | $26.3M | $0 | N/A | N/A | N/A |
| Total Equity | $117.1M | $130.6M+4.6% | $124.9M+0.9% | $123.7M+7.1% | $115.6M+1.0% | $114.5M | $116.6M+10.4% | $105.6M+4.8% | $100.8M-2.8% | $103.6M+10.1% | $94.2M | $68.0M+14.5% | $59.4M |
| Retained Earnings | $68.6M | $83.0M+6.6% | $77.8M+4.5% | $74.5M+6.2% | $70.1M+7.3% | $65.4M | $73.5M+8.3% | $67.9M+10.6% | $61.4M+7.5% | $57.1M+15.4% | $49.5M | $25.3M | N/A |
No annual filing on record for: FY2012, FY2018, FY2024.
KTCC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 | FY16 | FY15 | FY14 | FY13 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $18.8M | $18.9M | -$11.3M-130.5% | -$4.9M+67.4% | -$15.1M+51.5% | -$31.0M-3473.7% | $919K | $2.3M-50.1% | $4.6M-40.3% | $7.7M+425.9% | $1.5M-95.0% | $29.3M | -$2.6M-172.7% | $3.5M |
| Capital Expenditures | $4.8M | $4.1M | $9.8M+43.4% | $6.8M-35.7% | $10.6M+23.0% | $8.6M+2.8% | $8.4M | $9.3M-29.9% | $13.3M+50.7% | $8.8M+13.5% | $7.8M+123.7% | $3.5M | $3.8M+13.0% | $3.4M |
| Free Cash Flow | $8.4M | $14.8M | -$21.1M-79.9% | -$11.7M+54.3% | -$25.7M+35.3% | -$39.6M-430.7% | -$7.5M | -$7.0M+19.2% | -$8.7M-662.2% | -$1.1M+81.9% | -$6.3M-124.4% | $25.8M | -$6.4M-4194.2% | $156K |
| Investing Cash Flow | -$4.9M | -$4.2M | -$4.5M+43.7% | -$8.1M+24.1% | -$10.6M-196.4% | -$3.6M-87.4% | -$1.9M | -$1.3M+76.5% | -$5.7M+88.2% | -$48.1M-249.0% | -$13.8M-318.0% | -$3.3M | -$3.7M-11.7% | -$3.3M |
| Financing Cash Flow | -$16.0M | -$18.1M | $17.7M+58.5% | $11.2M-60.8% | $28.6M-17.3% | $34.5M+2667.1% | $1.2M | -$1.6M-192.3% | $1.7M-95.1% | $35.0M+378.9% | $7.3M+146.7% | -$15.7M | $6.7M+3656.1% | -$189K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q4 FY2025 through Q3 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
No annual filing on record for: FY2012, FY2018, FY2024.
KTCC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY23 | FY22 | FY21 | FY20 | FY19 | FY17 | FY16 | FY15 | FY14 | FY13 | FY11 | FY10 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 7.8% | 7.8%-0.1pp | 7.9%-0.2pp | 8.1%+0.3pp | 7.8%+0.4pp | 7.5% | 8.2%+0.2pp | 8.0%+0.3pp | 7.7%-1.1pp | 8.8%-0.8pp | 9.6% | 8.1%-1.5pp | 9.6% |
| Operating Margin | 0.1% | 2.7%+1.1pp | 1.6%-0.2pp | 1.8%+0.3pp | 1.5%+2.8pp | -1.3% | 2.0%-0.1pp | 2.1%+0.6pp | 1.5%-1.5pp | 3.0%-2.0pp | 5.0% | 2.7%-1.0pp | 3.7% |
| Net Margin | -1.8% | 0.9%+0.2pp | 0.6%-0.2pp | 0.8%-0.2pp | 1.1%+2.8pp | -1.7% | 1.2%-0.1pp | 1.4%+0.4pp | 1.0%-1.5pp | 2.5%-1.0pp | 3.5% | 2.3%-2.1pp | 4.3% |
| Return on Equity | -7.1% | 4.0%+1.3pp | 2.7%-0.8pp | 3.5%-0.6pp | 4.1%+11.1pp | -7.0% | 4.8%-1.4pp | 6.2%+1.9pp | 4.3%-3.1pp | 7.3%-6.0pp | 13.4% | 8.4%-6.2pp | 14.6% |
| Return on Assets | -2.6% | 1.2%+0.4pp | 0.8%-0.4pp | 1.2%-0.4pp | 1.6%+4.9pp | -3.4% | 2.4%-0.4pp | 2.8%+0.9pp | 1.9%-3.0pp | 4.9%-4.5pp | 9.3% | 5.1% | N/A |
| Current Ratio | 2.55 | 2.30+0.2x | 2.08-0.3x | 2.36+0.2x | 2.160.0x | 2.12 | 2.29+0.1x | 2.16+0.1x | 2.06-0.3x | 2.36-0.6x | 2.95 | 2.75 | N/A |
| Debt-to-Equity | 0.84 | 0.93+0.1x | 0.800.0x | 0.81+0.7x | 0.090.0x | 0.10 | 0.160.0x | 0.20-0.1x | 0.26+0.3x | 0.00-0.4x | 0.44 | 0.65 | N/A |
| FCF Margin | 3.2% | -3.5%-1.3pp | -2.1%+2.8pp | -5.0%+3.9pp | -8.8%-7.2pp | -1.6% | -1.5%+0.3pp | -1.8%-1.5pp | -0.3%+1.8pp | -2.1%-9.2pp | 7.1% | -2.5%-2.6pp | 0.1% |
No annual filing on record for: FY2012, FY2018, FY2024.
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Where Key Tronic Ranks
Frequently Asked Questions
What is Key Tronic's annual revenue?
Key Tronic (KTCC) reported $467.9M in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Key Tronic profitable?
No, Key Tronic (KTCC) reported a net income of -$8.3M in fiscal year 2025, with a net profit margin of -1.8%.
What is Key Tronic's EBITDA?
Key Tronic (KTCC) had EBITDA of $10.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Key Tronic have?
As of fiscal year 2025, Key Tronic (KTCC) had $1.4M in cash and equivalents against $98.9M in long-term debt.
What is Key Tronic's gross margin?
Key Tronic (KTCC) had a gross margin of 7.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Key Tronic's operating margin?
Key Tronic (KTCC) had an operating margin of 0.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Key Tronic's net profit margin?
Key Tronic (KTCC) had a net profit margin of -1.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Key Tronic's return on equity (ROE)?
Key Tronic (KTCC) has a return on equity of -7.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Key Tronic's free cash flow?
Key Tronic (KTCC) generated $14.8M in free cash flow during fiscal year 2025. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Key Tronic's operating cash flow?
Key Tronic (KTCC) generated $18.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Key Tronic's total assets?
Key Tronic (KTCC) had $315.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Key Tronic's capital expenditures?
Key Tronic (KTCC) invested $4.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Key Tronic spend on research and development?
Key Tronic (KTCC) invested $9.2M in research and development during fiscal year 2025.
What is Key Tronic's current ratio?
Key Tronic (KTCC) had a current ratio of 2.55 as of fiscal year 2025, which is generally considered healthy.
What is Key Tronic's debt-to-equity ratio?
Key Tronic (KTCC) had a debt-to-equity ratio of 0.84 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Key Tronic's return on assets (ROA)?
Key Tronic (KTCC) had a return on assets of -2.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Key Tronic's Altman Z-Score?
Key Tronic (KTCC) has an Altman Z-Score of 2.45, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Key Tronic's Piotroski F-Score?
Key Tronic (KTCC) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Key Tronic's earnings high quality?
Key Tronic (KTCC) reported a net loss of $8.3M while generating $18.9M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Key Tronic cover its interest payments?
Key Tronic (KTCC) has an interest coverage ratio of 0.04x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Key Tronic?
Key Tronic (KTCC) scores 34 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.