SRINYSEMotor Vehicle Parts & AccessoriesUS GAAP · USD

Stoneridge, Inc

Stoneridge, Inc. is a U.S.-based supplier of electronics systems and technologies for commercial, automotive, off-highway, and agricultural vehicles. Founded in 1965, the company designs and manufactures products that support vehicle intelligence, safety, security, connectivity, and electronic control across a global operating footprint.

Revenue861m USD
−5.2 %y/y
Operating profit (EBIT)-38.6m USD
−10,032.8 %y/y
EBIT margin-4.5%
−4.4 ppy/y
Net income-103m USD
−522.3 %y/y
Free cash flow12.2m USD
−48.1 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-25002505007501,000m USD2020: 648 m USD2020: EBIT -7.7 m USD20202021: 770 m USD2021: EBIT 15 m USD20212022: 900 m USD2022: EBIT 2.9 m USD20222023: 976 m USD2023: EBIT 13 m USD20232024: 908 m USD2024: EBIT -0.38 m USD20242025: 861 m USD2025: EBIT -39 m USD2025861-39
RevenueOperating profit (EBIT)

Business

Share of revenue
Vision and Safety40 %

Camera-based and visibility-enhancing systems for commercial vehicles, including MirrorEye®.

Connectivity20 %

Trailer and vehicle connectivity hardware and related telematics-enabled products.

Vehicle Intelligence and Electronic Controls25 %

Electronic control modules and systems that manage vehicle functions and data.

Stoneridge Brazil OEM and OES Products15 %

Brazil-based original equipment and original equipment services products for local and export markets.

Customers

Stoneridge sells primarily to vehicle OEMs and Tier 1 suppliers serving commercial truck, automotive, off-highway, and agricultural end markets. Its customer base includes large global truck manufacturers as well as regional OEMs, and many programs are tied to specific vehicle models over multi-year life cycles. The company also supplies aftermarket products and a smaller amount of monitoring services, but the core business is built around production programs for vehicle platforms.

Commercial vehicle OEMs

Buy MirrorEye®, tachographs, connectivity, and control electronics for truck platforms.

Global truck manufacturers

Large fleet-oriented OEMs that source electronics for production programs and successor models.

Off-highway and agricultural OEMs

Buy vehicle electronics and controls for equipment used in industrial and farm applications.

Tier 1 suppliers

Source components and subassemblies for integration into broader vehicle systems.

Aftermarket and service channels

Buy replacement products and selected monitoring services for installed vehicle fleets.

Strategy

Stoneridge is focused on products tied to vehicle safety, connectivity, and intelligence, especially in commercial vehicle markets where regulation and technology adoption can support demand. The company is also building out its Brazilian OEM presence and engineering capabilities to better align local production with global product platforms.

Expand Vision and Safety offeringsMedium term

These products address safety regulation and fleet visibility needs in commercial vehicles.

Broaden connectivity and vehicle intelligence platformsMedium term

Connected electronics can increase content per vehicle and deepen customer integration.

Strengthen Stoneridge BrazilMedium term

Local OEM capability supports regional growth and better customer alignment.

Geography

Q2/2026

Stoneridge operates globally, with a footprint of 21 locations across 14 countries. Its business is concentrated in North America, Europe, and South America, reflecting the geography of its commercial vehicle and industrial customer base and the location of its engineering and manufacturing resources.

Europe27 %
United States17 %
North America17 %
Estonia11 %
Sweden8.8 %
Netherlands7.4 %
Brazil5.7 %
South America5.7 %

Share of the revenue the company reports by geography.

Risks

The business is exposed to cyclical vehicle production, customer concentration, and model-program timing because most revenue depends on OEM build schedules and platform awards. It also faces technology, cybersecurity, trade, tariff, foreign exchange, and launch-execution risks, all of which can affect demand, cost structure, and program profitability.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Customer concentration1Cyclical end-market demand2Program launch and award risk3Cybersecurity and IT disruption4Trade policy and tariff exposure5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Customer concentrationImpact: HighLikelihood: Medium

    A few large OEMs account for a significant portion of sales and receivables.

    ExposureTop five customers were VolvoPACCARTratonDaimler TruckFord
  2. Cyclical end-market demandImpact: HighLikelihood: Medium

    Revenue depends on commercial, automotive, off-highway, and agricultural vehicle production.

    Exposure: Vehicle build rates and model cycles

  3. Program launch and award riskImpact: HighLikelihood: Medium

    Contracts are tied to model life cycles and can be delayed, cancelled, or renegotiated.

    Exposure: Awarded programs and backlog conversion

  4. Cybersecurity and IT disruptionImpact: HighLikelihood: Medium

    Operations rely on networked systems for manufacturing, data, and customer interfaces.

    ExposureProduction downtimeData misuseBusiness interruption
  5. Trade policy and tariff exposureImpact: MediumLikelihood: Medium

    Global sourcing and cross-border sales are sensitive to tariffs and trade restrictions.

    ExposureNorth AmericaEuropeBrazilGlobal supply chain

Accounting

Judgemental items
Revenue recognition timing

Most sales are point-in-time, but services are over-time, affecting quarterly comparability.

Impact: Revenue and margin timing

Seasonality

Electronics is affected by shutdowns and model ramp timing; Brazil demand is stronger in the second half.

Impact: Quarter-to-quarter revenue and profit volatility

Goodwill impairment

The Electronics reporting unit requires periodic impairment testing using valuation assumptions.

Impact: Potential non-cash charges

Variable consideration and customer reimbursements

Estimates can change with pricing, launch activity, and customer support arrangements.

Impact: Revenue, D&D netting, and operating results

Software development capitalization

Capitalized development costs affect expense recognition and intangible asset balances.

Impact: Operating expenses and balance sheet assets

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026