Cooper-Standard Holdings
CPS on NYSE. Cooper Standard sells sealing and fluid handling systems to car and truck makers. Market value $391m.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Retail & consumer stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-1.25 of spare cash in the past 12 months. A savings account pays about $4.
You pay 22.0 years of operating profit for the business. The average large US company costs around 18.
Each dollar kept in the business earns 4 cents a year. Above 10 is good.
Quality score: 31 of 100. Price score: 14 of 100. Our list needs 70 on quality and 60 on price.
$22.03 a share, 9% above its 1-year low
Over the past year the price has ranged from $20.25 to $47.98.
Pays no dividend
Prices from Monday’s close (5 October).
Five years of cash, in billions
Spare cash swings from quarter to quarter here: a shortfall of $5 million in the past 12 months, $16 million in the year to December 2025.
| Revenue | |||||
| Revenue | $0 | $0 | $0 | $2.7bn | $2.7bn |
| Operating margin | |||||
| Operating margin | n/a | n/a | n/a | 2.6% | 3.2% |
| Debt to equity | |||||
| Debt to equity | 3.23 | 9.77 | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.02bn | 0.02bn | 0.02bn | 0.02bn | 0.02bn |
Health checks
- Free cash flow positive3 of 5 years
- Accounting looks honest (Beneish)Nothing unusual
- Financial strength (Piotroski)4 of 9
- Profit backed by cash (accruals)Yes
- DebtUnknown
- Revenue growth, five yearsUnknown
- Buying back its own sharesRoughly flat
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
| Quarter to | Amount |
|---|---|
| June 2024 | $17m |
| September 2024 | $17m |
| December 2024 | $661m |
| March 2025 | $667m |
| June 2025 | $706m |
| September 2025 | $696m |
| December 2025 | $672m |
| June 2026 | $721m |
| Quarter to | Amount |
|---|---|
| June 2024 | -$76m |
| September 2024 | -$11m |
| December 2024 | $40m |
| March 2025 | $2m |
| June 2025 | -$1m |
| September 2025 | -$8m |
| December 2025 | $3m |
| June 2026 | -$19m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 13 February 2026
- Next quarterly (estimated, 10-Q)
- 5 November 2026
Who owns it
None of the long-term investors we follow own it. 133 funds in all.
Largest holders overall
- BlackRock$41mAdded
- Vanguard Capital Management$21mAdded
- FMR$18mAdded
- D. E. Shaw$14mAdded
- Geode Capital Management$12mAdded
- Dimensional Fund Advisors LP$11m
- Goldman Sachs Group$10mAdded
- State Street$10mAdded
- Intrinsic Edge Capital Management$10mAdded
- EVR Research LP$10mCut
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
1 investor owns more than 5%.
- BlackRock, Inc.Passive investor7.0%Since 31 March 2025
- THRIVENT FINANCIAL FOR LUTHERANSPassive investorSold down below 5%Since 31 March 2025
- Millstreet Capital Management LLCPassive investorSold down below 5%Since 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 7.0% | 31 March 2025 | |
THRIVENT FINANCIAL FOR LUTHERANS Passive investor | Sold down below 5% | 31 March 2025 | |
Millstreet Capital Management LLC Passive investor | Sold down below 5% | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 2 insiders bought $295,329 of shares on the open market.
- Mastrocola David JohnDirectorBought
- Date
- 13 March 2026
- Shares
- 3,391
- Price
- $29.77
- Value
- $100,950
- Mastrocola David JohnDirectorBought
- Date
- 12 March 2026
- Shares
- 1,494
- Price
- $30.25
- Value
- $45,194
- Mastrocola David JohnDirectorBought
- Date
- 11 March 2026
- Shares
- 2,000
- Price
- $31.00
- Value
- $62,000
- Mastrocola David JohnDirectorBought
- Date
- 10 November 2025
- Shares
- 2,000
- Price
- $29.05
- Value
- $58,100
- Banas Jonathan PEVP and CFOBought
- Date
- 4 November 2025
- Shares
- 500
- Price
- $28.22
- Value
- $14,110
- Banas Jonathan PEVP and CFOBought
- Date
- 3 November 2025
- Shares
- 500
- Price
- $29.95
- Value
- $14,975
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 13 March 2026 | Mastrocola David John Director | Bought | 3,391 | $29.77 | $100,950 |
| 12 March 2026 | Mastrocola David John Director | Bought | 1,494 | $30.25 | $45,194 |
| 11 March 2026 | Mastrocola David John Director | Bought | 2,000 | $31.00 | $62,000 |
| 10 November 2025 | Mastrocola David John Director | Bought | 2,000 | $29.05 | $58,100 |
| 4 November 2025 | Banas Jonathan P EVP and CFO | Bought | 500 | $28.22 | $14,110 |
| 3 November 2025 | Banas Jonathan P EVP and CFO | Bought | 500 | $29.95 | $14,975 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the serious warning signs we check for were found. 1 thing worth knowing.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 13 Feb 2026, plus the 10-Q filed 6 Aug 2026 and 7 later 8-Ks.
One big customer
Worth knowingOne customer brings in a big share of sales: 27% last year. Losing that customer would hurt.
“Sales to customers of the Company which contributed 10% or more of its total consolidated sales and the related percentage of consolidated Company sales for 2025, 2024 and 2023 was as follows: 2025 % of Net Sales | 2024 % of Net Sales | 2023 % of Net Sales Customer: Ford | 27 | 27 | 25”
From the 10-K filed 13 February 2026, Item 8. Financial Statements and Notes (table). Read it in the filing
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- It owes more than it owns on paper (negative equity). Often that's from borrowing to buy back shares.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.