KTCC Nasdaq Printed Circuit Boards Financials FY2017βFY2026
Key Tronic Corp had $387M of revenue in fiscal 2026, down 17.4% on the year before. Over five years, revenue changed β5.7% a year on average.
Last close Β· Oct 27, 2026
$2.12
β$1.16 (β35.37%) past year
Hi! I read Key Tronic Corpβs latest annual report (fiscal 2026). Here is what stands out:
Good So-so Weak
Are sales growing?
β17.4%
No. Sales fell 17.4% last year.
Does it make a profit?
β12.4%
No. It lost money last year.
Does profit turn into cash?
β0.5%
No. It spent more cash than it brought in.
How healthy are the accounts?
2 / 9
Weak. It passes 2 of 9 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA summarises the numbers
Key Tronic Corp had $387M of revenue in fiscal 2026, down 17.4% on the year before.
Over five years, revenue changed β5.7% a year on average.
Its operating margin was β3.8%, down 3.9Β pts: of every 100 in sales, about β4 is left after running the business.
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Loss periods are shown in red.
KIRA summarises the numbers
Key Tronic Corp lost $47.8M in fiscal 2026.
Net income
Net income
Diluted EPS
Diluted EPS
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
KIRA summarises the numbers
Free cash flow was β$1.9M in fiscal 2026, β0.5% of revenue.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Dividends and buybacks
Diluted shares outstanding (annual)
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
KIRA summarises the numbers
In the last 12 months, insiders sold $0.1M of shares on the open market and bought none.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.1M
8 insiders
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 4, 2026 | Adam L AgressEVP Business Development | Sold | 1,112 | $2.34 | $0.0M | Form 4 |
| Sep 4, 2026 | Anthony Gene VoorheesEVP-Admin, CFO, Treasurer | Sold | 1,403 | $2.34 | $0.0M | Form 4 |
| Sep 4, 2026 | Brett R. LarsenChief Executive Officer | Sold | 1,840 | $2.34 | $0.0M | Form 4 |
| Sep 4, 2026 | Chad Thomas OrebaughEVP of Engineering | Sold | 925 | $2.34 | $0.0M | Form 4 |
| Sep 4, 2026 | David H. KnaggsEVP of Quality and IS | Sold | 925 | $2.34 | $0.0M | Form 4 |
| Sep 4, 2026 | Duane D MackleitEVP of Operations | Sold | 925 | $2.34 | $0.0M | Form 4 |
| Sep 4, 2026 | Mark R CourtneyVice President of Supply Chain | Sold | 566 | $2.34 | $0.0M | Form 4 |
| Sep 4, 2026 | Philip Scott HochbergEVP Cust Relations/Integration | Sold | 1,153 | $2.34 | $0.0M | Form 4 |
| Aug 27, 2026 | Adam L AgressEVP Business Development | Sold | 1,784 | $3.73 | $0.0M | Form 4 |
| Aug 27, 2026 | Anthony Gene VoorheesEVP-Admin, CFO, Treasurer | Sold | 2,252 | $3.73 | $0.0M | Form 4 |
| Aug 27, 2026 | Brett R. LarsenChief Executive Officer | Sold | 2,957 | $3.73 | $0.0M | Form 4 |
| Aug 27, 2026 | Chad Thomas OrebaughEVP of Engineering | Sold | 1,482 | $3.73 | $0.0M | Form 4 |
| Aug 27, 2026 | David H. KnaggsEVP of Quality and IS | Sold | 1,482 | $3.73 | $0.0M | Form 4 |
| Aug 27, 2026 | Duane D MackleitEVP of Operations | Sold | 1,482 | $3.73 | $0.0M | Form 4 |
| Aug 27, 2026 | Mark R CourtneyVice President of Supply Chain | Sold | 884 | $3.73 | $0.0M | Form 4 |
| Aug 27, 2026 | Philip Scott HochbergEVP Cust Relations/Integration | Sold | 1,851 | $3.73 | $0.0M | Form 4 |
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Key Tronic Corp can carry it.
KIRA summarises the numbers
Key Tronic Corp owes $113M more than it holds in cash.
Cash vs debt (incl. leases)
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $1.7M | $3.6M | $4.8M | $1.4M | $0.6M |
| Debt incl. finance leases | $114M | $133M | $122M | $107M | $114M |
| Net debt / EBITDA | 6.8x | 5.0x | 6.6x | 10.4x | β |
| Debt / equity | 0.8x | 1.0x | 1.0x | 0.9x | 1.5x |
| Interest coverage | 1.7x | 1.6x | 0.6x | 0.0x | β1.5x |
| Current ratio | 2.1x | 2.3x | 2.8x | 2.5x | 2.1x |
| Quick ratio | 1.1x | 1.4x | 1.8x | 1.5x | 1.2x |
| Total assets | $407M | $418M | $355M | $316M | $300M |
| Total liabilities | $282M | $288M | $231M | $199M | $231M |
| Shareholders' equity | $125M | $131M | $124M | $117M | $69.2M |
| Net debt (β = net cash) | $112M | $129M | $117M | $106M | $113M |
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
KIRA summarises the numbers
Its return on capital was β6.7%: every 100 invested in the business earned about β7 in a year.
Return on capital, equity and assets (annual)
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
KIRA summarises the numbers
Key Tronic Corp passes 2 of 9 financial health tests (Piotroski F-score).
| Test | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 4 / 9 | 6 / 9 | 5 / 9 | 3 / 9 | 2 / 9 | 5 / 9 | 5 / 9 | 5 / 9 | 2 / 9 |
| Accruals ratio | 1.4% | β1.9% | β3.7% | 13.2% | 5.8% | 2.2% | 4.0% | β4.3% | β8.1% | β17.0% |
| Altman Z'' | 5.19 | 4.50 | 4.58 | 4.35 | 4.52 | 4.08 | 4.48 | 4.80 | 4.29 | 2.78 |
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $468M | $446M | $464M | $449M | $519M | $544M | $605M | $567M | $468M | $387M |
| Gross profit | $38.3M | $34.2M | $34.6M | $35.2M | $42.0M | $43.2M | $47.5M | $39.9M | $36.4M | $23.9M |
| Research and development | $6.4M | $6.2M | $6.6M | $7.4M | $9.8M | $9.8M | $9.7M | $8.3M | $9.2M | $8.0M |
| Operating income | $9.5M | $1.1M | β$6.0M | $6.8M | $9.5M | $8.8M | $16.3M | $6.8M | $0.6M | β$14.7M |
| Interest expense | $2.3M | $2.6M | $2.8M | $2.5M | $3.6M | $5.1M | $10.0M | $11.9M | $12.5M | $10.1M |
| Pretax income | $7.3M | β$1.4M | β$8.7M | $4.3M | $5.9M | $3.7M | $6.3M | β$5.2M | β$12.0M | β$24.8M |
| Income tax | $1.6M | β$0.1M | β$0.8M | β$0.4M | $1.6M | $0.3M | $1.1M | β$2.4M | β$3.6M | $23.0M |
| Net income | $5.6M | β$1.3M | β$8.0M | $4.8M | $4.3M | $3.4M | $5.2M | β$2.8M | β$8.3M | β$47.8M |
| Diluted EPS | $0.51 | β$0.12 | β$0.74 | $0.44 | $0.39 | $0.31 | $0.47 | β$0.26 | β$0.77 | β$4.41 |
| Diluted shares | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B | 0.01B |
| Cash flow | ||||||||||
| Cash from operations | $2.3M | $3.1M | $0.9M | β$31.0M | β$15.1M | β$4.9M | β$11.3M | $13.8M | $18.9M | $4.4M |
| Capital expenditure | $9.3M | $4.5M | $8.4M | $8.6M | $10.6M | $6.8M | $9.8M | $4.0M | $4.1M | $6.4M |
| Free cash flow | β$7.0M | β$1.4M | β$7.5M | β$39.6M | β$25.7M | β$11.7M | β$21.1M | $9.8M | $14.8M | β$1.9M |
| Depreciation and amortization | $7.2M | $7.8M | $7.3M | $5.6M | $6.9M | $7.6M | $9.5M | $11.0M | $9.6M | $10.2M |
| Stock-based compensation | $0.7M | $0.4M | $0.4M | $0.3M | $0.2M | $0.3M | $0.3M | β$0.4M | $0.2M | $0.6M |
| Acquisitions | $0.0M | β | β | β | β | β | β | β | β | β |
| Balance sheet | ||||||||||
| Cash and short-term investments | $0.4M | $0.3M | $0.6M | $0.6M | $3.5M | $1.7M | $3.6M | $4.8M | $1.4M | $0.6M |
| Total debt | $42.9M | $16.3M | $11.3M | $10.0M | $100M | $102M | $125M | $120M | $105M | $106M |
| Finance lease liabilities | β | β | β | β | $0.0M | $11.2M | $8.3M | $2.1M | $1.9M | $7.6M |
| Current assets | $178M | $195M | $198M | $243M | $299M | $340M | $350M | $288M | $234M | $224M |
| Current liabilities | $77.8M | $98.9M | $93.4M | $112M | $127M | $164M | $152M | $104M | $92.0M | $106M |
| Inventory | $102M | $110M | $100M | $115M | $137M | $156M | $138M | $105M | $97.3M | $95.8M |
| Property and equipment, net | $30.5M | $27.5M | $29.4M | $31.8M | $35.7M | $26.0M | $28.9M | $28.8M | $27.7M | $28.9M |
| Goodwill | $10.0M | $10.0M | $0.0M | β | β | β | β | β | β | β |
| Intangible assets | $4.8M | $3.7M | $0.7M | $0.0M | $0.0M | β | β | β | β | β |
| Total assets | $233M | $247M | $238M | $305M | $362M | $407M | $418M | $355M | $316M | $300M |
| Total liabilities | $116M | $128M | $124M | $189M | $238M | $282M | $288M | $231M | $199M | $231M |
| Shareholders' equity | $117M | $118M | $114M | $116M | $124M | $125M | $131M | $124M | $117M | $69.2M |
| Margins | ||||||||||
| Gross margin | 8.2% | 7.7% | 7.5% | 7.8% | 8.1% | 7.9% | 7.8% | 7.0% | 7.8% | 6.2% |
| Operating margin | 2.0% | 0.2% | β1.3% | 1.5% | 1.8% | 1.6% | 2.7% | 1.2% | 0.1% | β3.8% |
| EBITDA margin | 3.6% | 2.0% | 0.3% | 2.8% | 3.2% | 3.0% | 4.3% | 3.1% | 2.2% | β1.2% |
| Net margin | 1.2% | β0.3% | β1.7% | 1.1% | 0.8% | 0.6% | 0.9% | β0.5% | β1.8% | β12.4% |
| FCF margin | β1.5% | β0.3% | β1.6% | β8.8% | β4.9% | β2.2% | β3.5% | 1.7% | 3.2% | β0.5% |
| Returns | ||||||||||
| Return on capital | 4.6% | 0.7% | β3.8% | 5.5% | 3.2% | 3.6% | 5.3% | 2.2% | 0.2% | β6.7% |
| Return on capital employed | 6.2% | 0.8% | β4.1% | 3.5% | 4.1% | 3.6% | 6.1% | 2.7% | 0.3% | β7.6% |
| Return on equity | 4.8% | β1.1% | β6.9% | 4.1% | 3.6% | 2.7% | 4.0% | β2.2% | β6.9% | β51.3% |
| Return on assets | 2.4% | β0.6% | β3.3% | 1.8% | 1.3% | 0.9% | 1.2% | β0.7% | β2.5% | β15.5% |
| Return on tangible equity | 5.5% | β1.3% | β7.0% | 4.1% | 3.5% | 2.7% | 3.9% | β2.2% | β7.1% | β69.1% |
| Growth | ||||||||||
| Revenue growth | β | β4.6% | 4.0% | β3.1% | 15.4% | 4.9% | 11.2% | β6.3% | β17.5% | β17.4% |
| Net income growth | β | β123.6% | β | β | β8.8% | β22.2% | 52.7% | β154.0% | β | β |
| EPS growth | β | β123.5% | β | β | β11.4% | β20.5% | 51.6% | β155.3% | β | β |
| FCF growth | β | β | β | β | β | β | β | β | 51.1% | β113.0% |
| Share count change | β | β1.4% | 0.0% | 0.5% | 2.1% | 0.2% | β1.1% | β1.6% | 0.0% | 0.7% |
| Financial health | ||||||||||
| Net debt / EBITDA | 2.5x | 1.8x | 8.0x | 0.8x | 5.9x | 6.8x | 5.0x | 6.6x | 10.4x | β |
| Debt / equity | 0.4x | 0.1x | 0.1x | 0.1x | 0.8x | 0.8x | 1.0x | 1.0x | 0.9x | 1.5x |
| Interest coverage | 4.2x | 0.4x | β2.1x | 2.7x | 2.6x | 1.7x | 1.6x | 0.6x | 0.0x | β1.5x |
| Current ratio | 2.3x | 2.0x | 2.1x | 2.2x | 2.4x | 2.1x | 2.3x | 2.8x | 2.5x | 2.1x |
| Quick ratio | 1.0x | 0.9x | 1.0x | 1.1x | 1.3x | 1.1x | 1.4x | 1.8x | 1.5x | 1.2x |
| Capital allocation | ||||||||||
| Capex / revenue | 2.0% | 1.0% | 1.8% | 1.9% | 2.0% | 1.3% | 1.6% | 0.7% | 0.9% | 1.6% |
| Stock comp / revenue | 0.1% | 0.1% | 0.1% | 0.1% | 0.0% | 0.1% | 0.0% | β0.1% | 0.0% | 0.2% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 4.0 | 6.0 | 5.0 | 3.0 | 2.0 | 5.0 | 5.0 | 5.0 | 2.0 |
| Altman Z'' | 5.2 | 4.5 | 4.6 | 4.4 | 4.5 | 4.1 | 4.5 | 4.8 | 4.3 | 2.8 |
| Accruals ratio | 1.4% | β1.9% | β3.7% | 13.2% | 5.8% | 2.2% | 4.0% | β4.3% | β8.1% | β17.0% |
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
Source: SEC EDGAR XBRL filings (CIK 0000719733). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
