Tariffs and trade policymixed · 4 filings
“The year-over-year increase was driven by $11.0 million of pricing, including $2.6 million of U.S.”10-K · Aug 28, 2026 ↗
Strattec Security Corporation
STRT
Market read
Strattec Security Corporation's current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 4 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
P/E15.7xlatest annual facts
Revenue YoY+5.1%2025-06-29
Operating margin4.0%+0.7 pts YoY
Company+0.5% todayVolume comparison unavailable
Market group0 of 4 activeFinancial Technology Solutions · unavailable
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Operating cash flow fell despite higher earnings, with cash conversion declining to 2.25 times net income.
- Pricing contributed more to annual revenue growth than volume, including tariff surcharges and price increases.
Invalidation: The isolated read changes if STRT's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 4 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 3 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Operating cash flow fell despite higher earnings, with cash conversion declining to 2.25 times net income.
- Pricing contributed more to annual revenue growth than volume, including tariff surcharges and price increases.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations320
Usable filing statements63
Verified relationships4
Evidence supporting the case
No qualifying supportive evidence was identified.
Evidence challenging the case
No qualifying adverse evidence was identified; that is not proof there is no downside.
Questions before a position
- P/E is 77% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 11, 2026
70.846m-19.0%12m+6.9%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2022-07-03$452.3M-6.8%$1.79+1.5%
2023-07-02$492.9M+9.0%$-1.70+0.3%
2024-06-30$537.8M+9.1%$4.07+2.1%
2025-06-29$565.1M+5.1%$4.58+1.8%
2026-06-28$579.4M+2.5%$5.00+1.1%
What management says matters
Persistent and emerging business drivers
Demand and volumemixed · 3 filings
“Recent production forecasts have been impacted by tariff-related uncertainty, consumer demand trends, and a reduced number of scheduled vehicle launches by certain OEMs.”10-K · Aug 28, 2026 ↗
Restructuring and cost reductionsmixed · 3 filings
“These increases were partially offset by $5.4 million in savings from previously completed restructuring actions and $1.7 million lower provisions for annual bonuses.”10-K · Aug 28, 2026 ↗
Foreign exchangepositive · 2 filings
“The objective in entering into these contracts was to minimize earnings volatility resulting from changes in foreign currency exchange rates, specifically the Mexican peso.”10-K · Aug 28, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 0.5× · EV/sales 0.3×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
71.22+0.5% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for STRT. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for STRT. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind STRT
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
GM29.0% of STRTcustomerAug 25, 2025 ▾
“Business Risks Loss of Significant Customers, Vehicle Content, Vehicle Models and Market Share In fiscal 2025, our three largest customers, General Motors Company, Ford Motor Company and Stellantis, accounted for 29%, 23% and 12%, respectively, of our annual…”
F23.0% of STRTcustomerAug 25, 2025 ▾
“Business Risks Loss of Significant Customers, Vehicle Content, Vehicle Models and Market Share In fiscal 2025, our three largest customers, General Motors Company, Ford Motor Company and Stellantis, accounted for 29%, 23% and 12%, respectively, of our annual…”
STLA12.0% of STRTcustomerAug 25, 2025 ▾
“Business Risks Loss of Significant Customers, Vehicle Content, Vehicle Models and Market Share In fiscal 2025, our three largest customers, General Motors Company, Ford Motor Company and Stellantis, accounted for 29%, 23% and 12%, respectively, of our annual…”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
STRT is currently a Follower in the organic co-movement group Financial Technology Solutions. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for STRT; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.