ROG
Rogers Corporation
ROG's fundamentals are strong: its operating margin went from −8.1% to 7.9% and free cash flow more than doubled. At 53x earnings, it's trading above its usual 46x. Analysts expect strong earnings growth.
ROG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
ROG's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
ROG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 28x | $130 | — |
| Cheap | 29x | $71.92 | -45% |
| Fair | 45x | $112 | -14% |
| Current | 53x | $130 | — |
| Expensive | 74x | $182 | +40% |
Historical ranges are pointers, not guarantees.
ROG's PE is in its fair range at 53x. If earnings grow as analysts expect, today's price would be 28x next year's earnings, in its cheap range.
ROG Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for ROG, with profitability improving.
ROG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.65 | +88% |
| Q3 2026 | $2.47 | +$6.11 |
| Q2 2026 | $1.69 | +$5.23 |
| Q1 2026 | -$3.07 | -441% |
| Q4 2025 | -$3.40 | -343% |
| Q3 2025 | -$3.64 | -236% |
| Q2 2025 | -$3.54 | -213% |
| Q1 2025 | $0.90 | -75% |
| Q4 2024 | $1.40 | -54% |
ROG has returned to profit: it earned $2.47 per share over the past year, after losing money the year before.
ROG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $236.1M | +9.3% |
| Q2 2026 | $216.8M | +6.9% |
| Q1 2026 | $200.5M | +5.2% |
| Q4 2025 | $201.5M | +4.8% |
| Q3 2025 | $216M | +2.7% |
| Q2 2025 | $202.8M | -5.3% |
| Q1 2025 | $190.5M | -11% |
| Q4 2024 | $192.2M | -6.1% |
ROG's revenue has grown year over year for five quarters in a row: $236M last quarter, up 9.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +5.5 points |
| Q2 2026 | 9.2% | +43 points |
| Q1 2026 | 5.3% | +5.5 points |
| Q4 2025 | 3.5% | +10 points |
| Q3 2025 | 7.3% | +0.3 points |
| Q2 2025 | -33% | -39 points |
| Q1 2025 | -0.2% | -5.6 points |
| Q4 2024 | -6.6% | -22 points |
ROG's operating margin was 13% last quarter, up 5.5 points from the same quarter a year ago.
ROG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $35.4M | +67% |
| Q2 2026 | $18.3M | +227% |
| Q1 2026 | $1.1M | -48% |
| Q4 2025 | $42.2M | +131% |
| Q3 2025 | $21.2M | -16% |
| Q2 2025 | $5.6M | -36% |
| Q1 2025 | $2.1M | -89% |
| Q4 2024 | $18.3M | -63% |
ROG still generates free cash flow, though less than at its 2022 peak: $97M over the past year.
ROG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -100K shares |
| 1 year | -1.1% | -200K shares |
| 3 years | -4.2% | -785K shares |
| 5 years | -5.2% | -974K shares |
| Available history | -4.3% | -813K shares |
ROG has 18M diluted shares, down 1.1% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $9.3M |
| Q4 2025 | $14.3M |
| Q3 2025 | $10M |
| Q2 2025 | $28.1M |
| Q1 2025 | — |
| Q4 2024 | $11.9M |
| Q3 2024 | — |
| Q2 2024 | $7.6M |
ROG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.7x | Net Cash |
| Q2 2026 | -1.7x | Net Cash |
| Q1 2026 | -9.3x | Net Cash |
| Q4 2025 | -21.2x | Net Cash |
| Q1 2025 | -2.8x | Net Cash |
| Q4 2024 | -2.2x | Net Cash |
| Q3 2024 | -1.3x | Net Cash |
| Q2 2024 | -0.9x | Net Cash |
ROG has more cash than debt.
ROG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.4 | Neutral |
| Stochastic | 26.8 | Neutral |
ROG's weekly RSI is 49 (neutral) and its Stochastic is 27 (neutral).
ROG PE vs Technology Sector
| Metric | ROG | Sector median | Relative |
|---|---|---|---|
| PE | 53x | 28x | 89% above |
| PE % | 63 | 35 | 28 pts above |
ROG is trading at 53x earnings, a 89% premium to the Technology sector's median of 28x.
ROG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $136.1 | 4.5% below |
| 20 week MA | $134.0 | 3% below |
| 50 week MA | $123.0 | 5.6% above |
| 100 week MA | $100.3 | 30% above |
| 200 week MA | $114.9 | 13% above |
ROG has slipped below its 8- and 20-week averages, though it's still 13% above its 200-week average.
ROG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $125.4 | $151.3 | +21% |
| 2021 | $151.3 | $272.7 | +80% |
| 2022 | $272.7 | $113.5 | -58% |
| 2023 | $113.5 | $132.1 | +16% |
| 2024 | $132.1 | $104.5 | -21% |
| 2025 | $104.5 | $94.3 | -9.8% |
| 2026 YTD | $94.3 | $129.9 | +38% |
ROG is up 38% so far in 2026, after finishing lower in three of the previous six years.