Rogers (ROG) Financials

$135.42 +3.02 (+2.28%)

As of 02:53 PM Eastern

Annual Income Statements for Rogers

This table shows Rogers' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	46	48	80	88	47	50	108	117	57	26	-62
Consolidated Net Income / (Loss)	46	48	80	88	47	50	108	117	57	26	-62
Net Income / (Loss) Continuing Operations	46	48	80	88	47	50	108	117	57	26	-62
Total Pre-Tax Income	66	82	133	111	55	69	126	140	76	34	-45
Total Operating Income	76	81	129	113	110	67	117	144	85	25	-45
Total Gross Profit	235	249	319	311	314	292	349	321	307	277	257
Total Revenue	641	656	821	879	898	803	933	971	908	830	811
Operating Revenue	641	656	821	879	898	803	933	971	908	830	811
Total Cost of Revenue	406	407	502	568	584	511	584	650	601	553	554
Operating Cost of Revenue	406	407	502	568	584	511	584	650	601	553	554
Total Operating Expenses	159	169	189	198	204	225	232	177	222	252	302
Selling, General & Admin Expense	131	139	162	164	169	182	193	219	202	193	177
Research & Development Expense	28	29	30	33	32	29	30	35	36	35	28
Other Operating Expenses / (Income)	-	-	-5.33	-3.09	0.96	-0.10	5.30	-144	-33	0.10	0.00
Restructuring Charge	0.00	0.73	3.57	4.04	2.49	13	3.60	67	17	24	97
Total Other Income / (Expense), net	-10	1.38	3.79	-2.12	-55	1.26	9.10	-4.00	-9.00	9.40	-0.10
Interest & Investment Income	-1.59	0.22	-1.23	-1.13	-1.55	-2.26	4.50	-5.10	-8.30	0.60	0.80
Other Income / (Expense), net	-8.49	1.17	5.02	-0.99	-54	3.51	4.60	1.10	-0.70	8.80	-0.90
Income Tax Expense	20	34	52	23	7.81	19	18	24	20	8.20	17
Basic Earnings per Share	$2.52	$2.68	$4.43	$4.77	$2.55	$2.68	$5.77	$6.21	$3.04	$1.40	($3.40)
Weighted Average Basic Shares Outstanding	18.37M	17.99M	18.15M	18.37M	18.57M	18.68M	18.70M	18.80M	18.60M	18.60M	18.20M
Diluted Earnings per Share	$2.48	$2.65	$4.34	$4.70	$2.53	$2.67	$5.73	$6.15	$3.03	$1.40	($3.40)
Weighted Average Diluted Shares Outstanding	18.68M	18.22M	18.55M	18.66M	18.57M	18.71M	18.90M	19M	18.70M	18.60M	18.20M
Weighted Average Basic & Diluted Shares Outstanding	18.40M	18M	18.20M	18.60M	18.57M	18.70M	18.80M	18.61M	18.66M	18.52M	17.83M

This table shows Rogers' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	19	23	7.80	8.10	11	-0.50	-1.40	-74	8.60	4.60	4.50
Consolidated Net Income / (Loss)	19	23	7.80	8.10	11	-0.50	-1.40	-74	8.60	4.60	4.50
Net Income / (Loss) Continuing Operations	19	23	7.80	8.10	11	-0.50	-1.40	-74	8.60	4.60	4.50
Total Pre-Tax Income	26	29	12	12	14	-2.70	-1.60	-69	16	9.50	11
Total Operating Income	27	31	12	11	15	-13	-0.30	-68	16	7.10	11
Total Gross Profit	80	67	68	73	74	62	57	64	72	64	65
Total Revenue	229	205	213	214	210	192	191	203	216	202	201
Operating Revenue	229	205	213	214	210	192	191	203	216	202	201
Total Cost of Revenue	149	137	145	141	136	131	134	139	144	138	136
Operating Cost of Revenue	149	137	145	141	136	131	134	139	144	138	136
Total Operating Expenses	53	37	57	62	60	74	57	132	57	56	54
Selling, General & Admin Expense	44	52	48	51	45	50	45	49	42	42	41
Research & Development Expense	7.80	10	8.90	9.50	8.10	8.10	7.10	7.00	7.40	6.60	6.70
Other Operating Expenses / (Income)	-0.80	-26	0.00	0.00	0.00	0.10	-0.20	-0.10	0.50	-0.20	0.10
Restructuring Charge	2.00	0.50	0.10	1.40	6.30	16	5.90	76	7.10	8.00	5.90
Total Other Income / (Expense), net	-1.00	-1.90	-0.10	0.60	-1.10	10	-1.30	-1.80	0.60	2.40	0.60
Interest & Investment Income	-1.70	-1.20	-0.50	0.30	0.40	0.40	0.30	0.40	0.20	-0.10	0.30
Other Income / (Expense), net	0.70	-0.70	0.40	0.30	-1.50	9.60	-1.60	-2.20	0.40	2.50	0.30
Income Tax Expense	7.20	5.40	3.80	3.80	2.80	-2.20	-0.20	4.30	7.70	4.90	6.80
Basic Earnings per Share	$1.02	$1.25	$0.42	$0.44	$0.58	($0.04)	($0.08)	($4.00)	$0.48	$0.20	$0.25
Weighted Average Basic Shares Outstanding	18.60M	18.60M	18.60M	18.60M	18.60M	18.60M	18.50M	18.40M	18.10M	18.20M	17.80M
Diluted Earnings per Share	$1.02	$1.24	$0.42	$0.44	$0.58	($0.04)	($0.08)	($4.00)	$0.48	$0.20	$0.25
Weighted Average Diluted Shares Outstanding	18.70M	18.70M	18.70M	18.60M	18.60M	18.60M	18.50M	18.40M	18.10M	18.20M	17.90M
Weighted Average Basic & Diluted Shares Outstanding	18.62M	18.66M	18.66M	18.60M	18.66M	18.52M	18.52M	18.12M	17.98M	17.83M	17.85M

This table details how cash moves in and out of Rogers' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-33	23	-47	-13	-0.89	25	41	3.60	-104	28	37
Net Cash From Operating Activities	74	117	139	67	161	165	124	130	131	127	101
Net Cash From Continuing Operating Activities	74	117	139	67	161	165	124	130	131	127	101
Net Income / (Loss) Continuing Operations	46	48	80	88	47	50	108	117	57	26	-62
Consolidated Net Income / (Loss)	46	48	80	88	47	50	108	117	57	26	-62
Depreciation Expense	34	38	44	50	49	71	43	46	51	49	54
Non-Cash Adjustments To Reconcile Net Income	15	8.92	8.43	-12	69	12	6.40	75	34	43	82
Changes in Operating Assets and Liabilities, net	-21	22	5.99	-59	-4.51	32	-33	-108	-10	8.30	27
Net Cash From Investing Activities	-180	-152	-78	-167	-49	-40	-239	-113	-48	-46	-15
Net Cash From Continuing Investing Activities	-180	-152	-78	-167	-49	-40	-239	-113	-48	-46	-15
Purchase of Property, Plant & Equipment	-25	-18	-27	-91	-52	-40	-71	-117	-57	-56	-30
Purchase of Investments	-	-	-	-	-	-	-	0.00	0.00	-0.50	-0.20
Sale of Property, Plant & Equipment	0.00	0.00	8.10	1.08	0.01	0.00	0.70	0.00	5.60	1.40	14
Divestitures	1.27	-	-	-	-	-	0.00	0.00	1.70	8.10	0.00
Sale and/or Maturity of Investments	-	-	0.00	0.00	2.63	-	-	0.00	0.00	1.50	1.30
Other Investing Activities, net	1.68	0.28	1.04	-	-	0.00	0.00	7.30	1.80	0.00	0.00
Net Cash From Financing Activities	83	58	-113	89	-112	-104	159	-10	-190	-50	-54
Net Cash From Continuing Financing Activities	83	58	-113	89	-112	-104	159	-10	-190	-50	-54
Repayment of Debt	-6.93	-104	-112	-6.16	-106	-250	-30	-75	-187	-30	-1.30
Repurchase of Common Equity	-40	-8.00	0.00	-3.00	-	0.00	0.00	-25	0.00	-20	-52
Issuance of Common Equity	7.69	5.00	3.98	1.94	1.59	1.36	1.50	1.00	0.00	1.50	1.20
Other Financing Activities, net	-2.74	-1.38	-5.31	-6.60	-7.55	-5.36	-2.90	-11	-3.20	-1.40	-1.40
Effect of Exchange Rate Changes	-9.44	0.15	-	-1.49	-	-	-4.30	-	2.60	-	4.70
Cash Interest Paid	0.00	3.92	5.79	7.04	7.76	7.25	2.40	9.70	10	1.70	1.20
Cash Income Taxes Paid	0.00	24	37	29	18	30	34	61	6.90	20	21

This table details how cash moves in and out of Rogers' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-15	5.20	-15	3.00	27	13	16	-18	11	29	-1.20
Net Cash From Operating Activities	42	72	28	23	42	34	12	14	29	47	5.80
Net Cash From Continuing Operating Activities	42	72	28	23	42	34	12	14	29	47	5.80
Net Income / (Loss) Continuing Operations	19	23	7.80	8.10	11	-0.50	-1.40	-74	8.60	4.60	4.50
Consolidated Net Income / (Loss)	19	23	7.80	8.10	11	-0.50	-1.40	-74	8.60	4.60	4.50
Depreciation Expense	11	11	11	12	13	13	13	14	13	15	13
Non-Cash Adjustments To Reconcile Net Income	4.90	24	13	13	9.20	8.20	3.00	77	0.20	1.60	3.50
Changes in Operating Assets and Liabilities, net	6.70	13	-3.70	-11	9.80	13	-2.50	-3.90	6.90	26	-16
Net Cash From Investing Activities	-5.70	-18	-9.40	-14	-17	-4.90	3.90	-7.30	-7.80	-3.60	-4.50
Net Cash From Continuing Investing Activities	-5.70	-18	-9.40	-14	-17	-4.90	3.90	-7.30	-7.80	-3.60	-4.50
Purchase of Property, Plant & Equipment	-6.50	-23	-9.40	-14	-17	-15	-9.60	-8.10	-7.70	-4.70	-4.70
Purchase of Investments	-	-	0.00	-	-	-	-0.10	-	-0.10	-	-0.10
Sale of Property, Plant & Equipment	0.10	4.90	0.00	-	-	1.40	13	-	-	0.80	0.00
Sale and/or Maturity of Investments	-	-	0.00	-	-	-	0.20	0.80	-	0.30	0.30
Net Cash From Financing Activities	-50	-51	-32	-6.90	-0.20	-12	-1.60	-28	-10	-14	-1.60
Net Cash From Continuing Financing Activities	-50	-51	-32	-6.90	-0.20	-12	-1.60	-28	-10	-14	-1.60
Other Financing Activities, net	-0.10	-0.60	-1.10	-0.10	-0.10	-0.10	-1.60	-0.20	-	-	-1.60
Effect of Exchange Rate Changes	-1.20	-	-	-	-	-	1.80	-	-	-0.20	-0.90
Cash Interest Paid	2.20	1.50	0.50	-	0.90	0.30	0.30	0.30	0.30	0.30	0.30
Cash Income Taxes Paid	0.70	0.60	3.10	4.10	3.70	8.60	7.70	5.70	3.40	4.00	8.00

This table presents Rogers' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	930	1,057	1,125	1,279	1,273	1,264	1,599	1,646	1,517	1,481	1,430
Total Current Assets	429	458	455	486	464	474	584	660	527	494	500
Cash & Equivalents	205	228	181	168	167	192	232	236	132	160	197
Accounts Receivable	101	120	141	145	122	134	163	177	162	135	131
Inventories, net	92	91	113	133	133	102	133	182	154	142	125
Other Current Assets	16	17	17	38	38	43	53	64	80	57	47
Plant, Property, & Equipment, net	179	177	180	243	260	272	327	358	366	365	372
Total Noncurrent Assets	323	421	491	551	549	517	688	628	624	622	558
Noncurrent Note & Lease Receivables	45	41	64	60	74	64	59	56	-	48	48
Goodwill	175	208	237	265	263	270	370	352	360	358	303
Intangible Assets	75	137	160	177	159	118	176	134	124	110	99
Noncurrent Deferred & Refundable Income Taxes	8.59	15	6.01	8.24	17	29	33	51	50	62	67
Other Noncurrent Operating Assets	3.50	3.96	5.77	3.05	6.56	16	27	21	80	45	40
Total Liabilities & Shareholders' Equity	930	1,057	1,125	1,279	1,273	1,264	1,599	1,646	1,517	1,481	1,430
Total Liabilities	346	421	359	431	339	243	480	474	258	230	234
Total Current Liabilities	79	101	114	107	100	112	164	143	116	124	126
Short-Term Debt	3.25	4.00	0.58	-	-	-	-	-	-	4.00	3.90
Accounts Payable	22	28	36	40	33	36	65	57	50	48	43
Current Deferred & Payable Income Tax Liabilities	3.60	11	6.41	7.03	11	8.56	9.63	5.50	2.00	7.70	10
Current Employee Benefit Liabilities	23	29	39	30	30	42	48	34	31	42	43
Other Current Liabilities	26	29	31	29	27	25	41	46	33	22	26
Total Noncurrent Liabilities	267	320	245	324	239	132	316	331	142	106	108
Capital Lease Obligations	5.55	4.99	5.87	-	-	-	-	11	15	21	18
Asset Retirement Reserve & Litigation Obligation	48	45	71	65	81	70	64	60	56	52	52
Noncurrent Deferred Revenue	12	6.24	13	8.42	10	16	7.13	10	7.20	5.70	4.80
Noncurrent Deferred & Payable Income Tax Liabilities	9.46	14	11	11	9.22	8.38	29	24	23	18	18
Other Noncurrent Operating Liabilities	3.50	3.16	3.46	9.60	14	11	23	12	10	9.60	16
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	585	636	767	848	934	1,021	1,119	1,173	1,259	1,252	1,196
Total Preferred & Common Equity	585	636	767	848	934	1,021	1,119	1,173	1,259	1,252	1,196
Total Common Equity	585	636	767	848	934	1,021	1,119	1,173	1,259	1,252	1,196
Common Stock	130	137	147	151	157	167	182	159	170	166	124
Retained Earnings	543	591	685	776	824	874	982	1,098	1,155	1,181	1,119
Accumulated Other Comprehensive Income / (Loss)	-88	-92	-65	-79	-47	-20	-45	-85	-66	-95	-47

This table presents Rogers' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,626	1,612	1,568	1,521	1,488	1,487	1,540	1,510	1,451	1,446	1,427
Total Current Assets	638	612	583	555	501	502	521	503	500	505	511
Cash & Equivalents	236	194	141	126	117	120	146	176	157	168	196
Accounts Receivable	163	175	187	186	159	160	156	139	142	146	142
Inventories, net	174	177	170	157	151	151	154	143	151	143	128
Other Current Assets	61	63	81	82	74	71	64	45	50	49	46
Plant, Property, & Equipment, net	375	362	346	342	363	366	381	376	383	379	364
Total Noncurrent Assets	613	638	639	624	623	619	637	632	569	562	551
Noncurrent Note & Lease Receivables	56	56	56	56	52	52	52	48	-	-	48
Goodwill	338	356	359	352	357	356	366	363	306	304	301
Intangible Assets	150	132	131	124	120	117	118	110	106	102	96
Noncurrent Deferred & Refundable Income Taxes	42	58	60	59	56	58	58	66	66	67	68
Other Noncurrent Operating Assets	8.84	18	16	17	27	26	34	45	91	90	38
Total Liabilities & Shareholders' Equity	1,626	1,612	1,568	1,521	1,488	1,487	1,540	1,510	1,451	1,446	1,427
Total Liabilities	536	433	363	310	228	226	239	240	245	243	234
Total Current Liabilities	138	127	119	116	117	117	123	128	132	130	127
Short-Term Debt	-	0.00	0.00	0.00	3.80	3.70	4.10	-	4.20	4.10	4.00
Accounts Payable	57	52	51	47	52	50	47	51	53	50	53
Current Deferred & Payable Income Tax Liabilities	4.05	4.55	7.62	7.02	7.30	7.60	6.60	5.60	4.50	6.90	9.90
Current Employee Benefit Liabilities	36	37	34	34	30	31	40	41	45	45	37
Other Current Liabilities	41	34	26	28	25	24	25	30	25	24	24
Total Noncurrent Liabilities	398	306	244	194	111	110	117	113	113	113	107
Capital Lease Obligations	-	1.32	1.25	1.15	15	14	22	20	20	19	18
Asset Retirement Reserve & Litigation Obligation	60	60	60	60	56	56	55	52	52	52	52
Noncurrent Deferred Revenue	8.01	9.20	9.45	9.56	7.20	7.50	6.10	5.80	6.00	7.50	5.00
Noncurrent Deferred & Payable Income Tax Liabilities	25	24	24	24	23	23	24	18	19	19	18
Other Noncurrent Operating Liabilities	14	20	18	18	10	9.80	10	16	16	16	15
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,090	1,178	1,206	1,211	1,260	1,261	1,301	1,270	1,207	1,203	1,193
Total Preferred & Common Equity	1,090	1,178	1,206	1,211	1,260	1,261	1,301	1,270	1,207	1,203	1,193
Total Common Equity	1,090	1,178	1,206	1,211	1,260	1,261	1,301	1,270	1,207	1,203	1,193
Common Stock	184	159	164	168	173	171	174	168	145	135	124
Retained Earnings	1,031	1,095	1,113	1,132	1,163	1,171	1,182	1,180	1,106	1,115	1,124
Accumulated Other Comprehensive Income / (Loss)	-125	-76	-71	-89	-76	-81	-55	-78	-44	-47	-55

This table displays calculated financial ratios and metrics derived from Rogers' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.00%	2.32%	25.10%	7.07%	2.18%	-10.65%	16.24%	4.11%	-6.47%	-8.62%	-2.33%
EBITDA Growth	-4.23%	17.77%	48.66%	-9.24%	-34.58%	34.42%	16.05%	15.93%	-29.10%	-38.76%	-89.89%
EBIT Growth	-15.35%	21.10%	63.48%	-16.73%	-49.27%	25.00%	71.92%	19.46%	-41.86%	-60.17%	-236.20%
NOPAT Growth	-0.09%	-11.06%	64.66%	14.28%	6.16%	-48.21%	104.24%	19.55%	-47.24%	-70.06%	-266.25%
Net Income Growth	-13.28%	4.24%	66.64%	8.94%	-46.01%	5.64%	116.24%	7.86%	-51.46%	-53.89%	-336.78%
EPS Growth	-13.29%	6.85%	63.77%	8.29%	-46.17%	5.53%	114.61%	7.33%	-50.73%	-53.80%	-342.86%
Operating Cash Flow Growth	-13.24%	58.23%	18.82%	-51.92%	141.43%	2.31%	-24.63%	4.10%	1.47%	-3.27%	-20.38%
Free Cash Flow Firm Growth	-211.90%	55.14%	124.51%	-1,032.58%	215.64%	-24.78%	-244.36%	126.39%	55.90%	36.63%	0.39%
Invested Capital Growth	36.93%	16.40%	10.65%	26.38%	-1.89%	-3.99%	26.42%	8.29%	1.17%	-4.24%	-8.59%
Revenue Q/Q Growth	0.82%	3.15%	4.59%	1.61%	-3.15%	2.15%	2.17%	-0.69%	-2.06%	-1.47%	1.16%
EBITDA Q/Q Growth	-7.04%	11.01%	3.31%	6.27%	-38.95%	100.68%	-11.55%	57.94%	-27.94%	-27.23%	244.83%
EBIT Q/Q Growth	-13.02%	14.71%	3.47%	5.89%	-53.33%	584.64%	-8.19%	94.91%	-38.24%	-49.40%	21.67%
NOPAT Q/Q Growth	9.86%	-0.67%	-5.68%	28.71%	-8.73%	-7.52%	8.76%	69.50%	-42.34%	-63.35%	30.56%
Net Income Q/Q Growth	-2.04%	12.42%	-5.76%	24.86%	-52.93%	729.71%	7.88%	61.01%	-43.78%	-47.59%	7.62%
EPS Q/Q Growth	-0.80%	11.81%	-6.26%	25.00%	-52.97%	734.38%	7.71%	61.42%	-43.36%	-47.76%	6.59%
Operating Cash Flow Q/Q Growth	0.85%	-4.58%	13.37%	-7.90%	8.22%	3.60%	-21.01%	543.67%	-29.79%	-23.11%	15.00%
Free Cash Flow Firm Q/Q Growth	-25.26%	-157.36%	108.90%	12.77%	-0.57%	-10.94%	-256.57%	116.26%	-41.46%	87.96%	-4.08%
Invested Capital Q/Q Growth	0.51%	22.82%	-1.83%	-0.82%	-1.77%	-1.11%	22.87%	1.57%	0.58%	-4.96%	-3.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.69%	38.01%	38.80%	35.35%	34.99%	36.36%	37.42%	33.05%	33.81%	33.38%	31.67%
EBITDA Margin	15.87%	18.27%	21.71%	18.40%	11.78%	17.73%	17.70%	19.71%	14.94%	10.01%	1.04%
Operating Margin	11.89%	12.33%	15.73%	12.82%	12.30%	8.39%	12.56%	14.87%	9.39%	3.00%	-5.55%
EBIT Margin	10.56%	12.50%	16.34%	12.71%	6.31%	8.83%	13.06%	14.98%	9.31%	4.06%	-5.66%
Profit (Net Income) Margin	7.22%	7.36%	9.80%	9.97%	5.27%	6.23%	11.59%	12.01%	6.23%	3.14%	-7.62%
Tax Burden Percent	70.00%	58.68%	60.53%	79.26%	85.84%	72.94%	85.59%	83.05%	74.18%	76.09%	137.03%
Interest Burden Percent	97.65%	100.26%	99.08%	98.99%	97.27%	96.74%	103.69%	96.49%	90.19%	101.78%	98.26%
Effective Tax Rate	30.00%	41.32%	39.47%	20.74%	14.16%	27.06%	14.41%	16.95%	25.82%	23.91%	0.00%
Return on Invested Capital (ROIC)	11.28%	8.02%	11.66%	11.20%	10.75%	5.74%	10.56%	10.86%	5.48%	1.67%	-2.95%
ROIC Less NNEP Spread (ROIC-NNEP)	17.54%	3.59%	4.16%	28.04%	531.96%	5.01%	4.09%	18.87%	16.45%	-4.38%	16.58%
Return on Net Nonoperating Assets (RNNOA)	-3.37%	-0.11%	-0.18%	-0.35%	-5.44%	-0.62%	-0.46%	-0.68%	-0.82%	0.41%	-2.10%
Return on Equity (ROE)	7.91%	7.91%	11.47%	10.86%	5.31%	5.12%	10.10%	10.18%	4.66%	2.08%	-5.05%
Cash Return on Invested Capital (CROIC)	-19.89%	-7.14%	1.54%	-12.11%	12.66%	9.81%	-12.77%	2.90%	4.32%	5.99%	6.03%
Operating Return on Assets (OROA)	7.65%	8.26%	12.30%	9.29%	4.44%	5.58%	8.51%	8.97%	5.35%	2.25%	-3.15%
Return on Assets (ROA)	5.23%	4.86%	7.38%	7.29%	3.71%	3.94%	7.55%	7.19%	3.58%	1.74%	-4.25%
Return on Common Equity (ROCE)	7.91%	7.91%	11.47%	10.86%	5.31%	5.12%	10.10%	10.18%	4.66%	2.08%	-5.05%
Return on Equity Simple (ROE_SIMPLE)	7.92%	7.59%	10.50%	10.33%	5.07%	4.90%	9.66%	9.94%	4.50%	2.09%	0.00%
Net Operating Profit after Tax (NOPAT)	53	47	78	89	95	49	100	120	63	19	-32
NOPAT Margin	8.32%	7.23%	9.52%	10.16%	10.56%	6.12%	10.75%	12.35%	6.97%	2.28%	-3.89%
Net Nonoperating Expense Percent (NNEP)	-6.26%	4.43%	7.50%	-16.84%	-521.20%	0.72%	6.47%	-8.01%	-10.97%	6.05%	-19.52%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	8.58%	4.85%	1.49%	-2.59%
Cost of Revenue to Revenue	63.31%	61.99%	61.20%	64.65%	65.01%	63.64%	62.58%	66.95%	66.19%	66.62%	68.33%
SG&A Expenses to Revenue	20.49%	21.22%	19.69%	18.66%	18.78%	22.71%	20.70%	22.53%	22.27%	23.30%	21.78%
R&D to Revenue	4.31%	4.35%	3.60%	3.76%	3.53%	3.65%	3.21%	3.62%	3.93%	4.17%	3.47%
Operating Expenses to Revenue	24.80%	25.69%	23.07%	22.53%	22.69%	27.98%	24.86%	18.18%	24.42%	30.38%	37.22%
Earnings before Interest and Taxes (EBIT)	68	82	134	112	57	71	122	146	85	34	-46
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	102	120	178	162	106	142	165	191	136	83	8.40
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.58	2.17	3.85	2.15	2.48	2.84	4.57	1.91	1.95	1.51	1.38
Price to Tangible Book Value (P/TBV)	2.77	4.75	8.00	4.48	4.52	4.58	8.93	3.27	3.17	2.42	2.08
Price to Revenue (P/Rev)	1.44	2.10	3.60	2.07	2.58	3.61	5.48	2.31	2.71	2.28	2.03
Price to Earnings (P/E)	19.97	28.59	36.72	20.78	48.96	58.01	47.30	19.25	43.44	72.65	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	5.01%	3.50%	2.72%	4.81%	2.04%	1.72%	2.11%	5.19%	2.30%	1.38%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.62	2.17	4.10	2.09	2.58	3.24	4.77	1.93	2.03	1.58	1.44
Enterprise Value to Revenue (EV/Rev)	1.38	2.10	3.52	2.12	2.51	3.39	5.42	2.29	2.60	2.12	1.82
Enterprise Value to EBITDA (EV/EBITDA)	8.72	11.52	16.22	11.52	21.32	19.11	30.62	11.60	17.40	21.14	175.20
Enterprise Value to EBIT (EV/EBIT)	13.10	16.83	21.56	16.68	39.81	38.37	41.50	15.26	27.91	52.13	0.00
Enterprise Value to NOPAT (EV/NOPAT)	16.63	29.10	37.00	20.86	23.79	55.34	50.39	18.52	37.32	92.73	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	12.01	11.81	20.81	27.89	13.99	16.47	40.63	17.15	17.97	13.82	14.54
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	279.36	0.00	20.21	32.37	0.00	69.41	47.34	25.78	22.85
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.31	0.39	0.18	0.27	0.13	0.02	0.17	0.19	0.04	0.02	0.02
Long-Term Debt to Equity	0.31	0.38	0.18	0.27	0.13	0.02	0.17	0.19	0.04	0.02	0.02
Financial Leverage	-0.19	-0.03	-0.04	-0.01	-0.01	-0.12	-0.11	-0.04	-0.05	-0.09	-0.13
Leverage Ratio	1.51	1.63	1.56	1.49	1.43	1.30	1.34	1.42	1.30	1.19	1.19
Compound Leverage Factor	1.48	1.63	1.54	1.47	1.39	1.26	1.39	1.37	1.17	1.22	1.17
Debt to Total Capital	23.78%	27.81%	15.20%	21.22%	11.64%	2.39%	14.52%	16.14%	3.48%	1.62%	1.79%
Short-Term Debt to Total Capital	0.42%	0.45%	0.06%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.32%
Long-Term Debt to Total Capital	23.35%	27.35%	15.14%	21.22%	11.64%	2.39%	14.52%	16.14%	3.48%	1.62%	1.47%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	76.22%	72.19%	84.80%	78.78%	88.36%	97.61%	85.48%	83.86%	96.52%	98.38%	98.21%
Debt to EBITDA	1.79	2.04	0.77	1.41	1.16	0.18	1.15	1.18	0.33	0.25	2.60
Net Debt to EBITDA	-0.37	0.01	-0.35	0.26	-0.57	-1.28	-0.36	-0.13	-0.72	-1.68	-20.86
Long-Term Debt to EBITDA	1.76	2.01	0.77	1.41	1.16	0.18	1.15	1.18	0.33	0.25	2.13
Debt to NOPAT	3.42	5.16	1.76	2.56	1.30	0.51	1.89	1.88	0.72	1.09	-0.69
Net Debt to NOPAT	-0.70	0.02	-0.79	0.47	-0.64	-3.71	-0.58	-0.20	-1.54	-7.35	5.56
Long-Term Debt to NOPAT	3.36	5.07	1.75	2.56	1.30	0.51	1.89	1.88	0.72	1.09	-0.57
Altman Z-Score	3.80	4.04	7.28	4.72	6.20	9.29	8.41	5.04	7.89	7.01	6.09
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	5.45	4.53	3.99	4.53	4.63	4.25	3.56	4.63	4.53	4.00	3.97
Quick Ratio	3.89	3.43	2.83	2.91	2.88	2.93	2.41	2.90	2.52	2.39	2.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-94	-42	10	-97	112	84	-121	32	50	68	64
Operating Cash Flow to CapEx	297.63%	644.94%	726.89%	74.69%	312.71%	408.71%	176.70%	110.87%	255.64%	232.36%	636.48%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.72	0.66	0.75	0.73	0.70	0.63	0.65	0.60	0.57	0.55	0.56
Accounts Receivable Turnover	6.40	5.94	6.31	6.17	6.73	6.25	6.27	5.70	5.35	5.59	6.10
Inventory Turnover	4.82	4.45	4.93	4.64	4.40	4.34	4.95	4.12	3.58	3.74	4.15
Fixed Asset Turnover	3.90	3.69	4.61	4.16	3.57	3.01	3.11	2.83	2.51	2.27	2.20
Accounts Payable Turnover	19.21	16.07	15.58	14.87	15.93	14.80	11.60	10.66	11.18	11.24	12.18
Days Sales Outstanding (DSO)	57.04	61.46	57.83	59.20	54.23	58.37	58.20	63.98	68.17	65.34	59.85
Days Inventory Outstanding (DIO)	75.79	82.07	73.98	78.74	82.97	84.05	73.70	88.64	101.95	97.62	88.05
Days Payable Outstanding (DPO)	19.00	22.71	23.43	24.55	22.92	24.66	31.46	34.23	32.66	32.47	29.98
Cash Conversion Cycle (CCC)	113.83	120.82	108.38	113.40	114.28	117.76	100.43	118.39	137.46	130.49	117.93
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	547	637	705	890	874	839	1,060	1,148	1,162	1,112	1,021
Invested Capital Turnover	1.36	1.11	1.22	1.10	1.02	0.94	0.98	0.88	0.79	0.73	0.76
Increase / (Decrease) in Invested Capital	148	90	68	186	-17	-35	222	88	13	-49	-96
Enterprise Value (EV)	887	1,381	2,892	1,864	2,256	2,718	5,055	2,221	2,361	1,757	1,472
Market Capitalization	925	1,381	2,954	1,822	2,317	2,900	5,113	2,245	2,459	1,896	1,647
Book Value per Share	$32.59	$35.37	$42.02	$46.13	$50.28	$54.66	$59.74	$62.33	$67.63	$67.07	$66.49
Tangible Book Value per Share	$18.63	$16.17	$20.24	$22.10	$27.57	$33.87	$30.56	$36.49	$41.65	$42.00	$44.09
Total Capital	767	881	904	1,077	1,057	1,046	1,309	1,398	1,304	1,272	1,218
Total Debt	182	245	137	228	123	25	190	226	45	21	22
Total Long-Term Debt	179	241	137	228	123	25	190	226	45	21	18
Net Debt	-38	0.92	-62	42	-60	-182	-59	-24	-97	-139	-175
Capital Expenditures (CapEx)	25	18	19	89	52	40	70	117	51	55	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	149	133	160	211	197	171	188	282	279	211	181
Debt-free Net Working Capital (DFNWC)	353	361	341	379	364	363	420	517	411	370	378
Net Working Capital (NWC)	350	357	341	379	364	363	420	517	411	370	374
Net Nonoperating Expense (NNE)	7.06	-0.81	-2.29	1.68	48	-0.88	-7.79	3.32	6.68	-7.15	30
Net Nonoperating Obligations (NNO)	-38	0.92	-62	42	-60	-182	-59	-24	-97	-139	-175
Total Depreciation and Amortization (D&A)	34	38	44	50	49	71	43	46	51	49	54
Debt-free, Cash-free Net Working Capital to Revenue	23.18%	20.33%	19.50%	23.99%	21.93%	21.29%	20.13%	28.98%	30.69%	25.37%	22.30%
Debt-free Net Working Capital to Revenue	55.07%	55.04%	41.57%	43.07%	40.51%	45.19%	45.03%	53.27%	45.19%	44.62%	46.60%
Net Working Capital to Revenue	54.57%	54.43%	41.50%	43.07%	40.51%	45.19%	45.03%	53.27%	45.19%	44.62%	46.11%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.52	$2.68	$4.43	$4.77	$2.55	$2.68	$5.77	$6.21	$3.04	$1.40	($3.40)
Adjusted Weighted Average Basic Shares Outstanding	18.37M	17.99M	18.15M	18.37M	18.57M	18.68M	18.73M	18.78M	18.60M	18.60M	18.20M
Adjusted Diluted Earnings per Share	$2.48	$2.65	$4.34	$4.70	$2.53	$2.67	$5.73	$6.15	$3.03	$1.40	($3.40)
Adjusted Weighted Average Diluted Shares Outstanding	18.68M	18.22M	18.55M	18.66M	18.71M	18.71M	18.86M	18.95M	18.70M	18.60M	18.20M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	17.97M	18.04M	18.32M	18.44M	18.61M	18.70M	18.80M	18.61M	18.66M	18.52M	17.83M
Normalized Net Operating Profit after Tax (NOPAT)	53	48	80	93	97	59	103	175	76	37	36
Normalized NOPAT Margin	8.32%	7.30%	9.78%	10.53%	10.80%	7.30%	11.08%	18.04%	8.35%	4.49%	4.50%
Pre Tax Income Margin	10.32%	12.54%	16.19%	12.58%	6.14%	8.54%	13.54%	14.46%	8.40%	4.13%	-5.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	86.34%	16.56%	0.00%	3.42%	0.00%	0.00%	0.00%	21.44%	0.00%	75.86%	-84.79%

This table displays calculated financial ratios and metrics derived from Rogers' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	17,827,673.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	17,827,673.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.25
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-7.33%	-8.55%	-12.47%	-7.23%	-8.21%	-6.06%	-10.73%	-5.32%	2.71%	4.84%	5.25%
EBITDA Growth	27.49%	-56.15%	62.50%	-41.56%	-34.35%	-75.67%	-54.27%	-333.47%	13.57%	142.00%	128.04%
EBIT Growth	43.42%	-63.74%	6,150.00%	-57.20%	-53.05%	-110.40%	-115.70%	-700.86%	22.90%	409.68%	678.95%
NOPAT Growth	27.16%	-65.11%	3,846.31%	-61.34%	-41.33%	-135.93%	-102.67%	-714.31%	-28.42%	138.67%	2,129.08%
Net Income Growth	28.05%	-65.52%	322.86%	-54.75%	-43.68%	-102.16%	-117.95%	-1,008.64%	-19.63%	1,020.00%	421.43%
EPS Growth	30.77%	-65.17%	321.05%	-54.17%	-43.14%	-103.23%	-119.05%	-1,009.09%	-17.24%	600.00%	412.50%
Operating Cash Flow Growth	210.88%	-43.68%	1,461.11%	45.86%	0.95%	-53.13%	-58.36%	-40.17%	-31.84%	39.17%	-50.43%
Free Cash Flow Firm Growth	98.09%	166.67%	137.42%	210.40%	19.62%	255.43%	79.60%	-30.95%	3,220.90%	173.58%	180.47%
Invested Capital Growth	2.17%	1.17%	-1.04%	-2.85%	1.34%	-4.24%	-3.14%	-6.60%	-9.61%	-8.59%	-8.65%
Revenue Q/Q Growth	-0.78%	-10.69%	4.30%	0.37%	-1.82%	-8.61%	-0.88%	6.46%	6.51%	-6.71%	-0.50%
EBITDA Q/Q Growth	-3.91%	4.58%	-43.07%	2.14%	7.95%	-61.24%	7.00%	-621.50%	152.51%	-17.41%	0.83%
EBIT Q/Q Growth	2.95%	6.81%	-59.40%	-4.13%	12.93%	-123.66%	38.71%	-3,568.42%	123.10%	-40.37%	14.58%
NOPAT Q/Q Growth	-0.86%	25.43%	-68.20%	-2.23%	50.45%	-176.82%	97.64%	-22,400.00%	117.53%	-58.50%	23.94%
Net Income Q/Q Growth	6.15%	22.11%	-66.38%	3.85%	32.10%	-104.67%	-180.00%	-5,157.14%	111.68%	-46.51%	-2.17%
EPS Q/Q Growth	6.25%	21.57%	-66.13%	4.76%	31.82%	-106.90%	-100.00%	-4,900.00%	112.00%	-58.33%	25.00%
Operating Cash Flow Q/Q Growth	167.52%	71.19%	-60.92%	-18.51%	85.15%	-20.52%	-65.28%	17.09%	110.95%	62.28%	-87.63%
Free Cash Flow Firm Q/Q Growth	87.14%	335.55%	76.20%	106.92%	-109.36%	1,141.56%	-10.97%	-20.45%	323.06%	-17.76%	1.33%
Invested Capital Q/Q Growth	-2.34%	0.58%	-0.92%	-0.17%	1.86%	-4.96%	0.22%	-3.73%	-1.43%	-3.54%	-0.21%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	35.09%	32.94%	31.96%	34.13%	35.24%	32.10%	29.92%	31.56%	33.47%	31.51%	32.22%
EBITDA Margin	17.15%	20.09%	10.97%	11.16%	12.27%	5.20%	5.62%	-27.51%	13.56%	12.01%	12.17%
Operating Margin	11.87%	14.91%	5.48%	5.28%	6.94%	-6.61%	-0.16%	-33.28%	7.27%	3.52%	5.34%
EBIT Margin	12.18%	14.57%	5.67%	5.42%	6.23%	-1.61%	-1.00%	-34.37%	7.45%	4.76%	5.49%
Profit (Net Income) Margin	8.29%	11.34%	3.66%	3.78%	5.09%	-0.26%	-0.73%	-36.29%	3.98%	2.28%	2.24%
Tax Burden Percent	72.52%	81.12%	67.24%	68.07%	79.26%	18.52%	87.50%	106.20%	52.76%	48.42%	39.82%
Interest Burden Percent	93.91%	95.97%	95.87%	102.59%	103.05%	87.10%	84.21%	99.43%	101.24%	98.96%	102.73%
Effective Tax Rate	27.48%	18.88%	32.76%	31.93%	20.74%	0.00%	0.00%	0.00%	47.24%	51.58%	60.18%
Return on Invested Capital (ROIC)	6.99%	9.51%	2.80%	2.65%	3.99%	-3.38%	-0.08%	-16.69%	2.76%	1.29%	1.64%
ROIC Less NNEP Spread (ROIC-NNEP)	16.60%	12.04%	2.91%	2.05%	4.93%	-10.47%	0.82%	4.80%	2.53%	0.55%	1.49%
Return on Net Nonoperating Assets (RNNOA)	-0.11%	-0.60%	-0.15%	-0.11%	-0.36%	0.99%	-0.09%	-0.48%	-0.28%	-0.07%	-0.20%
Return on Equity (ROE)	6.88%	8.91%	2.65%	2.54%	3.62%	-2.39%	-0.16%	-17.16%	2.48%	1.23%	1.44%
Cash Return on Invested Capital (CROIC)	7.46%	4.32%	7.29%	8.02%	3.12%	5.99%	4.10%	2.67%	6.03%	6.03%	6.81%
Operating Return on Assets (OROA)	7.18%	8.37%	3.21%	3.05%	3.43%	-0.89%	-0.54%	-18.62%	4.00%	2.65%	3.07%
Return on Assets (ROA)	4.89%	6.51%	2.07%	2.13%	2.80%	-0.14%	-0.40%	-19.66%	2.14%	1.27%	1.25%
Return on Common Equity (ROCE)	6.88%	8.91%	2.65%	2.54%	3.62%	-2.39%	-0.16%	-17.16%	2.48%	1.23%	1.44%
Return on Equity Simple (ROE_SIMPLE)	8.32%	0.00%	5.39%	4.61%	3.83%	0.00%	1.33%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	20	25	7.87	7.69	12	-8.89	-0.21	-47	8.28	3.44	4.26
NOPAT Margin	8.61%	12.09%	3.69%	3.59%	5.50%	-4.63%	-0.11%	-23.30%	3.83%	1.71%	2.13%
Net Nonoperating Expense Percent (NNEP)	-9.61%	-2.53%	-0.11%	0.61%	-0.94%	7.09%	-0.90%	-21.48%	0.23%	0.75%	0.14%
Return On Investment Capital (ROIC_SIMPLE)	-	1.90%	0.62%	-	-	-0.70%	-0.02%	-3.84%	0.68%	0.28%	0.35%
Cost of Revenue to Revenue	64.91%	67.06%	68.04%	65.87%	64.76%	67.90%	70.08%	68.44%	66.53%	68.49%	67.78%
SG&A Expenses to Revenue	19.29%	25.32%	22.26%	23.76%	21.45%	25.96%	23.36%	23.92%	19.26%	20.84%	20.55%
R&D to Revenue	3.40%	4.99%	4.17%	4.44%	3.85%	4.21%	3.73%	3.45%	3.43%	3.28%	3.34%
Operating Expenses to Revenue	23.22%	18.04%	26.48%	28.85%	28.29%	38.71%	30.08%	64.84%	26.20%	27.99%	26.88%
Earnings before Interest and Taxes (EBIT)	28	30	12	12	13	-3.10	-1.90	-70	16	9.60	11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	39	41	23	24	26	10	11	-56	29	24	24
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.02	1.95	1.75	1.78	1.62	1.51	0.98	1.05	1.21	1.38	1.60
Price to Tangible Book Value (P/TBV)	3.33	3.17	2.82	2.86	2.57	2.42	1.57	1.60	1.83	2.08	2.40
Price to Revenue (P/Rev)	2.64	2.71	2.52	2.61	2.49	2.28	1.55	1.59	1.82	2.03	2.33
Price to Earnings (P/E)	24.31	43.44	32.54	38.73	42.21	72.65	74.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.11%	2.30%	3.07%	2.58%	2.37%	1.38%	1.35%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.07	2.03	1.83	1.86	1.68	1.58	0.98	1.06	1.24	1.44	1.71
Enterprise Value to Revenue (EV/Rev)	2.58	2.60	2.39	2.48	2.34	2.12	1.36	1.43	1.64	1.82	2.12
Enterprise Value to EBITDA (EV/EBITDA)	12.70	17.40	14.52	16.75	17.26	21.14	15.55	0.00	0.00	175.20	78.69
Enterprise Value to EBIT (EV/EBIT)	17.46	27.91	21.68	26.27	29.60	52.13	55.59	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	21.80	37.32	29.09	35.71	38.14	92.73	105.98	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	12.78	17.97	13.32	12.97	11.93	13.82	9.89	11.18	14.92	14.54	18.25
Enterprise Value to Free Cash Flow (EV/FCFF)	28.07	47.34	24.91	22.86	54.38	25.78	23.58	38.26	19.56	22.85	23.96
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.07	0.04	0.02	0.01	0.02	0.02	0.02	0.02	0.02	0.02	0.02
Long-Term Debt to Equity	0.07	0.04	0.01	0.01	0.02	0.02	0.02	0.02	0.02	0.02	0.01
Financial Leverage	-0.01	-0.05	-0.05	-0.05	-0.07	-0.09	-0.10	-0.10	-0.11	-0.13	-0.13
Leverage Ratio	1.37	1.30	1.27	1.24	1.22	1.19	1.19	1.19	1.19	1.19	1.19
Compound Leverage Factor	1.28	1.25	1.22	1.27	1.26	1.04	1.00	1.18	1.21	1.18	1.22
Debt to Total Capital	6.28%	3.48%	1.48%	1.39%	1.95%	1.62%	1.56%	1.93%	1.88%	1.79%	1.77%
Short-Term Debt to Total Capital	0.00%	0.00%	0.30%	0.29%	0.31%	0.00%	0.00%	0.34%	0.33%	0.32%	0.33%
Long-Term Debt to Total Capital	6.28%	3.48%	1.18%	1.10%	1.64%	1.62%	1.56%	1.58%	1.54%	1.47%	1.44%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	93.72%	96.52%	98.52%	98.61%	98.06%	98.38%	98.44%	98.07%	98.12%	98.21%	98.23%
Debt to EBITDA	0.43	0.33	0.13	0.14	0.23	0.25	0.29	-2.55	-3.97	2.60	0.97
Net Debt to EBITDA	-0.30	-0.72	-0.75	-0.88	-1.14	-1.68	-2.21	14.35	24.97	-20.86	-7.89
Long-Term Debt to EBITDA	0.43	0.33	0.10	0.11	0.19	0.25	0.29	-2.10	-3.26	2.13	0.79
Debt to NOPAT	0.74	0.72	0.26	0.30	0.50	1.09	1.95	-0.51	-0.51	-0.69	-0.90
Net Debt to NOPAT	-0.51	-1.54	-1.51	-1.87	-2.52	-7.35	-15.05	2.89	3.19	5.56	7.32
Long-Term Debt to NOPAT	0.74	0.72	0.21	0.24	0.42	1.09	1.95	-0.42	-0.42	-0.57	-0.74
Altman Z-Score	6.79	7.77	7.83	7.98	7.23	6.93	5.05	4.87	5.58	6.22	6.94
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.78	4.53	4.29	4.31	4.25	4.00	3.94	3.79	3.88	3.97	4.02
Quick Ratio	2.69	2.52	2.36	2.40	2.47	2.39	2.47	2.27	2.41	2.60	2.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4.81	11	20	41	-3.87	40	36	29	121	99	101
Operating Cash Flow to CapEx	656.25%	408.52%	298.94%	162.41%	246.51%	240.71%	0.00%	169.14%	375.32%	1,202.56%	123.40%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.59	0.57	0.57	0.56	0.55	0.55	0.54	0.54	0.54	0.56	0.56
Accounts Receivable Turnover	5.32	5.35	5.26	4.97	4.93	5.59	5.41	5.28	5.31	6.10	5.84
Inventory Turnover	3.73	3.58	3.55	3.57	3.59	3.74	3.68	3.57	3.68	4.15	4.11
Fixed Asset Turnover	2.59	2.51	2.42	2.42	2.33	2.27	2.18	2.13	2.11	2.20	2.22
Accounts Payable Turnover	11.86	11.18	11.22	11.32	11.90	11.24	10.55	10.44	11.28	12.18	10.73
Days Sales Outstanding (DSO)	68.61	68.17	69.39	73.46	74.09	65.34	67.47	69.17	68.72	59.85	62.55
Days Inventory Outstanding (DIO)	97.84	101.95	102.78	102.21	101.56	97.62	99.09	102.25	99.28	88.05	88.72
Days Payable Outstanding (DPO)	30.79	32.66	32.54	32.26	30.67	32.47	34.59	34.98	32.36	29.98	34.01
Cash Conversion Cycle (CCC)	135.66	137.46	139.62	143.42	144.99	130.49	131.96	136.44	135.64	117.93	117.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,155	1,162	1,151	1,149	1,170	1,112	1,115	1,073	1,058	1,021	1,018
Invested Capital Turnover	0.81	0.79	0.76	0.74	0.72	0.73	0.71	0.72	0.72	0.76	0.77
Increase / (Decrease) in Invested Capital	25	13	-12	-34	15	-49	-36	-76	-113	-96	-96
Enterprise Value (EV)	2,392	2,361	2,101	2,138	1,972	1,757	1,095	1,135	1,313	1,472	1,739
Market Capitalization	2,447	2,459	2,210	2,250	2,102	1,896	1,251	1,269	1,458	1,647	1,913
Book Value per Share	$65.03	$67.63	$67.73	$67.58	$69.93	$67.07	$68.60	$65.14	$66.37	$66.49	$66.90
Tangible Book Value per Share	$39.42	$41.65	$42.06	$42.20	$43.94	$42.00	$43.06	$42.92	$43.99	$44.09	$44.63
Total Capital	1,292	1,304	1,279	1,279	1,327	1,272	1,290	1,230	1,226	1,218	1,214
Total Debt	81	45	19	18	26	21	20	24	23	22	22
Total Long-Term Debt	81	45	15	14	22	21	20	20	19	18	18
Net Debt	-56	-97	-109	-112	-130	-139	-156	-134	-145	-175	-174
Capital Expenditures (CapEx)	6.40	18	9.40	14	17	14	-3.80	8.10	7.70	3.90	4.70
Debt-free, Cash-free Net Working Capital (DFCFNWC)	312	279	271	269	256	211	200	215	211	181	192
Debt-free Net Working Capital (DFNWC)	439	411	388	389	403	370	375	372	379	378	388
Net Working Capital (NWC)	439	411	384	386	399	370	375	368	375	374	384
Net Nonoperating Expense (NNE)	0.73	1.54	0.07	-0.41	0.87	-8.39	1.19	26	-0.32	-1.16	-0.24
Net Nonoperating Obligations (NNO)	-56	-97	-109	-112	-130	-139	-156	-134	-145	-175	-174
Total Depreciation and Amortization (D&A)	11	11	11	12	13	13	13	14	13	15	13
Debt-free, Cash-free Net Working Capital to Revenue	33.66%	30.69%	30.90%	31.28%	30.43%	25.37%	24.74%	27.04%	26.36%	22.30%	23.43%
Debt-free Net Working Capital to Revenue	47.29%	45.19%	44.21%	45.20%	47.81%	44.62%	46.49%	46.80%	47.30%	46.60%	47.28%
Net Working Capital to Revenue	47.29%	45.19%	43.78%	44.77%	47.32%	44.62%	46.49%	46.27%	46.79%	46.11%	46.80%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.02	$1.25	$0.42	$0.44	$0.58	($0.04)	($0.08)	($4.00)	$0.48	$0.20	$0.25
Adjusted Weighted Average Basic Shares Outstanding	18.63M	18.60M	18.60M	18.60M	18.60M	18.60M	18.50M	18.40M	18.10M	18.20M	17.80M
Adjusted Diluted Earnings per Share	$1.02	$1.24	$0.42	$0.44	$0.58	($0.04)	($0.08)	($4.00)	$0.48	$0.20	$0.25
Adjusted Weighted Average Diluted Shares Outstanding	18.69M	18.70M	18.70M	18.60M	18.60M	18.60M	18.50M	18.40M	18.10M	18.20M	17.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	18.62M	18.66M	18.66M	18.60M	18.66M	18.52M	18.52M	18.12M	17.98M	17.83M	17.85M
Normalized Net Operating Profit after Tax (NOPAT)	21	25	7.93	8.64	17	2.52	3.92	6.02	12	11	12
Normalized NOPAT Margin	9.24%	12.29%	3.72%	4.04%	7.88%	1.31%	2.06%	2.97%	5.57%	5.25%	5.80%
Pre Tax Income Margin	11.44%	13.98%	5.44%	5.56%	6.42%	-1.40%	-0.84%	-34.17%	7.55%	4.71%	5.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.44%	13.60%	15.86%	75.86%	115.38%	-61.73%	-74.74%	-84.79%	0.00%

Financials Breakdown Chart

Key Financial Trends

Here are the key trends for Rogers (ROG) based on the last four years of quarterly statements. The focus is on material shifts in cash flow, profitability, and balance-sheet health that may matter to retail investors.

Net cash from continuing operating activities rose to $46.9M in 2025 Q4, up from $28.9M in 2025 Q3 and $33.7M in 2024 Q4, signaling stronger cash generation.
Net income from continuing operations turned positive in 2025 Q3 ($8.6M) and remained positive in Q4 ($4.6M), marking an improving profitability trend after several quarters of lower or negative earnings.
Diluted earnings per share in 2025 Q4 came in at $0.20, a meaningful improvement from negative EPS in earlier quarters (e.g., -$0.04 in 2024 Q4 and -$0.04 in some 2025 quarters).
Gross margin has stayed in the low- to mid-30% range across 2024–2025 (for example, Q4 2025 gross margin around 31.5%), indicating stable profitability despite revenue fluctuations.
The balance sheet remains solid with minimal leverage: Long-Term Debt is effectively zero in 2025, and Total Liabilities were roughly $243M vs. Total Equity around $1.20B in 2025 Q3, reflecting a debt-light, equity-rich position.
Cash and equivalents stayed robust in 2025, generally in the $150–170M range, providing a comfortable liquidity cushion to weather near-term volatility.
Revenue in 2025 quarters has hovered around $190–$216M (e.g., Q1: $190.5M, Q2: $202.8M, Q3: $216.0M, Q4: $201.5M), suggesting stabilization but still below the higher 2022 levels.
Total assets edged down modestly across 2025 (from about $1.510B in 2025 Q1 to about $1.446B by 2025 Q3), a minor shift that did not erode liquidity given strong cash generation and equity.
2025 Q2 showed a notable net income from continuing operations loss (approximately $73.6M), highlighting quarterly earnings volatility despite later improvements.
Financing cash flows were negative in several quarters due to activity such as share repurchases and debt repayments, which reduced cash on hand even as operating cash flow improved.

05/22/26 02:53 PM ETAI Generated. May Contain Errors.

Rogers Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Rogers' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Rogers' net income appears to be on a downward trend, with a most recent value of -$61.80 million in 2025, falling from $46.32 million in 2015. The previous period was $26.10 million in 2024. See where experts think Rogers is headed by visiting Rogers' forecast page.

Rogers' total operating income in 2025 was -$45 million, based on the following breakdown:

Total Gross Profit: $256.80 million
Total Operating Expenses: $301.80 million

Over the last 10 years, Rogers' total revenue changed from $641.44 million in 2015 to $810.80 million in 2025, a change of 26.4%.

Rogers' total liabilities were at $234.20 million at the end of 2025, a 2.0% increase from 2024, and a 32.3% decrease since 2015.

In the past 10 years, Rogers' cash and equivalents has ranged from $131.70 million in 2023 to $235.90 million in 2022, and is currently $197 million as of their latest financial filing in 2025.

Over the last 10 years, Rogers' book value per share changed from 32.59 in 2015 to 66.49 in 2025, a change of 104.0%.

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Financial statements for NYSE:ROG last updated on 5/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Rogers (ROG) Financials

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