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Rogers

ROG on NYSE. Rogers sells materials to manufacturers in electronics, automotive, aerospace, and other industries. Market value $2.8bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.

We can't read total debt from the filing, so debt is left out.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Materials stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
3.0%low

For every $100 of what the whole company costs, it produced $2.96 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to December 2025
7.2%five-year median

Each dollar kept in the business earns 7 cents a year. Above 10 is good.

Quality score: 52 of 100. Price score: 39 of 100. Our list needs 70 on quality and 60 on price.

$156.60 a share, 108% above its 1-year low

Over the past year the price has ranged from $75.14 to $169.00.

Pays no dividend

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.1
0.0
0.1
0.1
0.1
0.1
2021202220232024202512 monthsto Jun '26
Revenue
$933m$971m$908m$830m$811m
Operating margin
12.6%14.9%9.4%3.0%-5.6%
Debt to equity
0.170.180.030.00n/a
Shares outstanding
0.02bn0.02bn0.02bn0.02bn0.02bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)4 of 8 checks we could run
  • Profit backed by cash (accruals)No
  • DebtUnknown
  • Revenue growth, five yearsSlow, 0.2% a year
  • Buying back its own sharesYes, 5% fewer since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $217 million last quarter, up 7% on a year ago.
  • Profit: $14 million, after a loss of $74 million a year ago.
  • It keeps 6 cents of each $1 of sales as operating profit, after losing 8 cents a year earlier.
  • Spare cash over the past 12 months: $83 million, up from $51 million.
  • 2% fewer shares than a year ago. Each share owns a bit more of the company.
  • Sales grew on a year ago in each of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$210m
December 2024$192m
March 2025$191m
June 2025$203m
September 2025$216m
December 2025$202m
March 2026$201m
June 2026$217m
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$11m
December 2024-$500,000
March 2025-$1m
June 2025-$74m
September 2025$9m
December 2025$5m
March 2026$5m
June 2026$14m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
19 February 2026
Next quarterly (estimated, 10-Q)
28 October 2026

Who owns it

6 long-term investors we follow own it, down from 7 last quarter. 310 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

6 investors own more than 5%; 1 of them is pushing for change.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 3 sold $2m.

  • Larabee Brian Keith
    SVP & GM - EMS
    Sold
    Date
    1 May 2026
    Shares
    830
    Price
    $135.91
    Value
    $112,805
  • Wallace Peter C
    Director
    Sold
    Date
    30 April 2026
    Shares
    2,397
    Price
    $132.20
    Value
    $316,879
  • Webb Michael Reed
    SVP & Chief Admin Officer
    Sold
    Date
    2 March 2026
    Shares
    954
    Price
    $111.31
    Value
    $106,190
  • Webb Michael Reed
    SVP & Chief Admin Officer
    Sold
    Date
    20 February 2026
    Shares
    673
    Price
    $107.28
    Value
    $72,199
  • Webb Michael Reed
    SVP & Chief Admin Officer
    Sold
    Date
    19 February 2026
    Shares
    1,197
    Price
    $106.25
    Value
    $127,181
  • Wallace Peter C
    Director
    Sold
    Date
    19 February 2026
    Shares
    8,000
    Price
    $107.37
    Value
    $858,960
  • Wallace Peter C
    Director
    Sold
    Date
    11 November 2025
    Shares
    3,590
    Price
    $85.00
    Value
    $305,150
  • Wallace Peter C
    Director
    Sold
    Date
    10 November 2025
    Shares
    110
    Price
    $86.00
    Value
    $9,460
  • Larabee Brian Keith
    SVP & GM - EMS
    Sold
    Date
    31 October 2025
    Shares
    775
    Price
    $85.87
    Value
    $66,549

From Form 4 filings: insiders must report trades in their own company's shares within two days.

What could go wrong

  • Sales have barely grown: 0.2% a year.

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
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What a finished deep dive looks like

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.