Rogers Corporation Common Stock (ROG)

FairStock Score: 57/100 — STEADY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses with durable advantages, honest accounting, and a price that leaves room for error. Rogers is a 3,000-employee engineered-materials maker with two segments, Advanced Electronics Solutions and Elastomeric Material Solutions. The technology may be specialized, but the numbers do not yet show a wide moat: return on equity is only 2.60% and return on capital 3.24%, both FairStock calculations. The financial foundation is stronger than the income statement. Debt to equity is just 0.02, Altman Z-Score is 8.13, and Piotroski F-Score is 7/9. Trailing free cash flow is $82.8M, a 3.2% FCF yield. The earnings record is the problem. In FY2025, revenue was $810.8M and net income was a loss of $61.8M, or EPS of -$3.40. That followed FY2024 revenue of $830.1M, net income of $26.1M, and EPS of $1.40, and FY2023 revenue of $908.4M, net income of $56.6M, and EPS of $3.03. So revenue has declined and profits collapsed. The latest quarterly data show a positive swing, and in fiscal Q1 2026, the quarter ended 2026-03-31, revenue was $200.5M, net income $4.5M, and EPS $0.25. But one quarter does not prove a durable turnaround. FairStock classifies this as a TURNAROUND because of the loss in the latest year after earlier profits. At the 2026-10-13 close of $146.46, FairStock calculations show a P/E of 86.66, P/B of 2.18, EV/EBITDA of 21.46, and a Graham Number of $50.59. That implies a margin of safety of -189.50%, not the bargain I want. The PEG ratio of 0.73 may hint at recovery potential, but low returns and a high multiple leave little room for disappointment. I would wait for evidence of sustainable margins and cash generation before calling it cheap.

In plain English: Rogers makes specialty materials and components used in electronics, electric vehicles, and other industrial products. The business has been uneven: it lost money in fiscal 2025 after earning profits in the two prior years, though recent quarterly data show a return to positive earnings. At the recent close, the stock looks expensive relative to the company’s earnings, cash flow, and accounting value, so the price does not appear to offer a clear bargain.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · fiscal Q1 2025 10-Q (period ended 2025-03-31) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer