SYPR
Sypris Solutions, Inc.Sypris Solutions, Inc. provides truck components, oil and gas pipeline components, and aerospace and defense electronics primarily in North America and Mexico. It operates in two segments, Sypris Technologies and Sypris Electronics. The Sypris Technologies segment supplies forged, machined, welded, and heat-treated steel components for the commercial vehicle, off highway vehicle, recreational vehicle, automotive, industrial, light truck, and energy markets. This segment also offers drive train c
2-Year Price History
Quarterly Financials & Projections
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Est | 2027-Q3 | 34.5 | 1.9 | -- | 0.5 | -- | 1.0 | -0.3 | 7.0 | -- | -- | -- | -- | -- |
| Est | 2027-Q2 | 34.0 | 1.7 | -- | 0.4 | -- | 1.7 | -0.3 | 6.0 | -- | -- | -- | -- | -- |
| Est | 2027-Q1 | 32.0 | 1.1 | -- | -0.2 | -- | -1.6 | -0.3 | 4.3 | -- | -- | -- | -- | -- |
| Est | 2026-Q4 | 33.0 | 1.8 | -- | 0.3 | -- | 1.3 | -0.3 | 5.9 | -- | -- | -- | -- | -- |
| Est | 2026-Q3 | 31.0 | 1.2 | -- | 0.0 | -- | 0.5 | -0.3 | 4.6 | -- | -- | -- | -- | -- |
| Est | 2026-Q2 | 30.5 | 0.9 | -- | -0.2 | -- | 0.9 | -0.2 | 4.1 | -- | -- | -- | -- | -- |
| Est | 2026-Q1 | 28.5 | 0.4 | -- | -0.7 | -- | -2.3 | -0.2 | 3.2 | -- | -- | -- | -- | -- |
| Act | 2026-Q1 | 25.8 | -2.8 | -3.6 | -4.1 | -2.3 | -2.6 | -0.2 | 4.9 | 12.4 | 22.3 | -111.2% | -5.4x | -- |
| Est | 2025-Q4 | 30.0 | 1.4 | -- | 0.2 | -- | 0.6 | -0.2 | 5.5 | -- | -- | -- | -- | -- |
| Act | 2025-Q4 | 30.3 | -2.6 | -3.3 | -3.9 | -1.1 | -1.5 | -0.4 | 6.8 | 26.2 | 22.3 | -44.4% | -4.6x | -- |
| Act | 2025-Q3 | 28.7 | 1.5 | -1.7 | 0.5 | -0.2 | -0.4 | -0.2 | 8.4 | 13.1 | 22.9 | -34.7% | 3.8x | 19.0x |
| Act | 2025-Q2 | 31.4 | -0.8 | -1.4 | -2.1 | 1.1 | 0.9 | -0.2 | 6.4 | 19.1 | 22.3 | -25.2% | -2.2x | 14.3x |
| Act | 2025-Q1 | 29.5 | 0.4 | -0.1 | -0.9 | -5.5 | -5.5 | -0.0 | 6.6 | 19.5 | 22.1 | -2.2% | 1.2x | 8.0x |
| Act | 2024-Q4 | 33.5 | 1.6 | 1.3 | 0.1 | 2.3 | 1.9 | -0.4 | 9.7 | 17.2 | 22.4 | 15.3% | 7.4x | 8.7x |
| Act | 2024-Q3 | 35.7 | 2.3 | 1.7 | 0.4 | -4.8 | -4.9 | -0.2 | 8.2 | 18.0 | 22.4 | 22.0% | 4.2x | 13.8x |
| Act | 2024-Q2 | 35.5 | 2.0 | 1.3 | 0.0 | 6.2 | 6.0 | -0.2 | 13.8 | 18.8 | 22.3 | 14.3% | 3.3x | 22.0x |
| Act | 2024-Q1 | 35.6 | -0.9 | -1.4 | -2.2 | -1.7 | -2.0 | -0.3 | 8.1 | 19.3 | 22.0 | -21.4% | -2.7x | 43.8x |
| Act | 2023-Q4 | 34.7 | 0.3 | -0.3 | -1.1 | -2.9 | -3.2 | -0.3 | 7.9 | 15.8 | 21.9 | -4.7% | 1.4x | 14.7x |
| Act | 2023-Q3 | 33.6 | 0.5 | -0.1 | -0.6 | -11.9 | -12.2 | -0.4 | 8.4 | 13.6 | 21.9 | -2.5% | 3.5x | 10.9x |
| Act | 2023-Q2 | 35.6 | 1.4 | 1.0 | 0.2 | 4.9 | 4.1 | -0.8 | 20.6 | 13.4 | 22.5 | 16.7% | 7.7x | 11.9x |
| Act | 2023-Q1 | 32.3 | 1.3 | 0.4 | -0.2 | -1.2 | -2.0 | -0.7 | 19.5 | 14.7 | 21.8 | 5.0% | 5.7x | 15.7x |
| Act | 2022-Q4 | 29.7 | 1.5 | 0.8 | 0.1 | 5.5 | 5.3 | -0.2 | 21.7 | 16.1 | 21.8 | 11.2% | 4.5x | 12.6x |
| Act | 2022-Q3 | 25.2 | -1.0 | -1.6 | -2.2 | 10.3 | 9.3 | -1.0 | 16.5 | 16.6 | 21.7 | -31.4% | -3.6x | -- |
| Act | 2022-Q2 | 29.0 | 0.7 | 0.0 | -0.6 | 1.2 | 0.3 | -0.9 | 7.5 | 17.6 | 21.7 | 0.5% | 2.6x | -- |
| Act | 2022-Q1 | 26.2 | 1.7 | 1.1 | 0.2 | -3.3 | -4.2 | -0.9 | 7.5 | 16.4 | 22.7 | 12.7% | 7.0x | -- |
Multiples vs the company's own history — cheap or rich relative to itself? Historical fiscal years, then TTM, then forward projections (E). Forward rows hold today's price against projected earnings, so the multiple compresses if the company grows into it.
| Year | Price | Rev Gr | EBITDA % | EBITDA | EV/EBITDA | EV/FCF | P/E | P/S |
|---|---|---|---|---|---|---|---|---|
| 2022 | 2.05 | — | 2.6% | 3 | 12.6× | 3.4× | n/m | 0.4× |
| 2023 | 2.03 | +23.7% | 2.5% | 3 | 14.7× | n/m | n/m | 0.3× |
| 2024 | 1.78 | +2.9% | 3.6% | 5 | 8.7× | 47.1× | n/m | 0.3× |
| 2025 | 2.44 | -14.5% | -1.3% | -2 | n/m | n/m | n/m | 0.4× |
| TTM | 3.31 | -13.4% | -4.1% | -5 | 0.0× | 0.0× | 0.0× | 0.0× |
| 2026E | 3.31 | +5.9% | 0.0% | 0 | 0.0× | 0.0× | n/m | 0.0× |
EBITDA in reporting-currency $M. Historical multiples use year-end market cap (split-adjusted price history); TTM & forward years use today's.
AI Analysis
LLM Evaluations
Sypris is a deeply troubled micro-cap manufacturer with a fragile balance sheet (133x debt-to-equity), survival-dependent on insider CEO debt secured by substantially all company assets. The Technologies segment is in severe cyclical decline (-41% YoY), and while Electronics has a decent defense backlog, production inefficiencies are compressing margins. Recent contract wins (AMT sole-source, truck OEM renewal, Artemis extension) provide a narrative for recovery, but the stock has already surged 61% on these announcements, pricing in a recovery that has not yet materialized in financials. The CEO's first-priority lien on all assets, deferred interest payments coming due in 2026, and negative TTM FCF create a liquidity cliff that could force dilutive actions. At $3.42/share and $78M market cap on ~$120M annualized revenue with negative margins, the stock is trading on hope rather than fundamentals. This is a classic micro-cap value trap where insider control and financial engineering mask deteriorating economics.
Valuation & Metrics
Market Stats
TTM Financial Snapshot
DCF Fair Value Estimate
Forward Outlook & Risk
Short Interest
Options
| Strike | Call Bid/Ask | Call OI | Put Bid/Ask | Put OI |
|---|---|---|---|---|
| $2.50 | $0.60/$0.85 | 137 | --/$0.40 | 1 |
| $5.00 | $0.05/$0.75 | 135 | $1.75/$4.30 | 0 |
| $7.50 | --/$0.25 | 22 | $3.90/$5.70 | 0 |
Forward Projections & Estimates
Employees
Cash Runway
Institutional Ownership
Headline & net flow
In Q1 2026 so far (quarter still filing), institutions are net buyers — bought 8.4% of float, sold 1.5%. 1 filer moved >1% of shares (1 buying, 0 selling).
Ownership composition
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| Williams & Novak, LLC | $6.3M | $2.03 | −$254K | −$389K | -0.4% | $133M |
| RENAISSANCE TECHNOLOGIES LLC | $1.8M | $2.03 | −$93K | −$185K | +1.2% | $63.91B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $1.5M | $2.85 | +$1.5M | +$1.5M | — | $4.04T |
| Marex Group plc | $740K | $2.85 | +$740K | +$740K | -1.7% | $9.64B |
| SEI INVESTMENTS CO | $505K | $2.85 | +$505K | +$505K | -0.4% | $108.06B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $446K | $1.85 | +$25K | +$7K | +2.3% | $1.61T |
| Informed Momentum Co LLC | $414K | $2.85 | +$414K | +$414K | +7.7% | $865M |
| CITADEL ADVISORS LLC | $321K | $2.63 | +$232K | +$321K | -0.4% | $138.22B |
| VANGUARD FIDUCIARY TRUST COPassive | $195K | $2.85 | +$195K | +$195K | — | $395.83B |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $186K | $1.97 | +$0 | +$0 | -2.3% | $4.93B |
| BlackRock, Inc.Passive | $179K | $1.63 | −$3K | +$6K | -0.2% | $5.69T |
| LPL Financial LLC | $170K | $2.85 | +$170K | +$170K | -0.2% | $372.65B |
| DIMENSIONAL FUND ADVISORS LPPassive | $160K | $2.24 | +$40K | +$52K | -0.4% | $480.92B |
| STATE STREET CORPPassive | $125K | $2.82 | +$67K | +$67K | -0.2% | $2.89T |
| NORTHERN TRUST CORPPassive | $64K | $2.83 | +$19K | +$18K | -0.2% | $755.34B |
| JANE STREET GROUP, LLCMM | $51K | $2.43 | +$15K | +$51K | -0.1% | $92.10B |
| HRT FINANCIAL LP | $36K | $2.85 | +$36K | +$36K | -0.6% | $39.46B |
| UBS Group AG | $12K | $1.81 | +$12K | −$84K | -0.3% | $562.11B |
| Vanguard Global Advisers, LLCPassive | $12K | $2.85 | +$12K | +$12K | — | $186.48B |
| MORGAN STANLEY | $10K | $1.89 | +$6K | +$3K | -0.3% | $1.65T |
Trading behavior
▸ Compare to holder-profile behavior (across all their stocks)
Biggest decreases this quarter
New buyers this quarter
Top-5 holders · 81.9%
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
Analyst Coverage
| Quarter | Revenue | EBITDA | Net Inc | EPS | EPS Range | # Analysts |
|---|---|---|---|---|---|---|
| 2024 Q3 | 22M | 1M | -0M | $-0.02 | $-0.02 – $-0.02 | 1 |
| 2024 Q4 | 23M | 1M | -0M | $-0.01 | $-0.01 – $-0.01 | 1 |
| 2025 Q1 | 25M | 1M | 0M | $0.01 | $0.01 – $0.01 | 1 |
| 2025 Q2 | 26M | 1M | 0M | $0.02 | $0.02 – $0.02 | 1 |
| 2025 Q3 | 22M | 1M | -0M | $-0.02 | $-0.02 – $-0.02 | 1 |
| 2025 Q4 | 22M | 1M | -0M | $-0.02 | $-0.02 – $-0.02 | 1 |
| 2026 Q1 | 22M | 1M | -0M | $-0.02 | $-0.02 – $-0.02 | 1 |
| 2026 Q2 | 23M | 1M | -0M | $-0.01 | $-0.01 – $-0.01 | 1 |
| 2026 Q3 | 25M | 1M | 0M | $0.01 | $0.01 – $0.01 | 1 |
| 2026 Q4 | 26M | 1M | 0M | $0.02 | $0.02 – $0.02 | 1 |
Corporate
Executive Compensation (2023-2025)
Insider Trading (last 12mo)
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2025-06-11 | SELL | Petrie Curtis S | officer: VP of Administration | 33,925 | $1.97 | $67K | $99K |
Order Flow (FINRA, ~3w lag)
Revenue Breakdown
Revenue Segments
| Sypris Electronics | $13.4M | -16% |
| Sypris Technologies | $12.4M | -9% |
Filing Risk Analysis
Filing Risk Scores
Sypris Solutions: Survival on Life Support via Related-Party Debt Deferrals
Counter-Thesis
Counter-Thesis & Recent News
In March 2026, Sypris renewed a multi-decade supply agreement with a global manufacturer for heavy truck drivetrain components, leveraging a 25-year relationship. This follows a major January 2026 expansion of its contract for NASA’s Orion spacecraft (Artemis program), extending its electronics backlog through 2027. Additionally, the company secured a sole-source contract with a global truck OEM in January 2026 for automated manual transmission (AMT) components, a key win driven by North American reshoring trends (Source: Investing.com, Nasdaq).
The short thesis centers on persistent unprofitability and a significant year-over-year revenue decline (down 19.6% in Q3 2025) caused by an 'anticipated cyclical downturn' in the commercial vehicle market and tariff-related disruptions. Bears argue the recent 61% share price surge is decoupled from fundamentals, as the company carries a high debt-to-equity ratio (133.6x) and remains sensitive to macroeconomic headwinds that necessitated a shift to lower-margin 'sub-maquiladora' operations in Mexico (Source: Simply Wall St, Ticker Nerd).
Sypris reported a net loss of $2.4 million for the first nine months of 2025. Financial stability has relied on one-time items, such as a $2.5 million gain from a Louisville facility sale-leaseback transaction in late 2025. Furthermore, material availability issues and 'out-of-sequence manufacturing' have recently plagued the Electronics segment, leading to production inefficiencies and compressed gross margins (Source: Sypris Q3 2025 Earnings, Intellectia AI).
Sypris faces intense competition from larger, more capitalized diversified manufacturers like Jabil and Celestica. While Sypris holds sole-source positions, it is vulnerable to pricing pressures from global OEMs and the potential for customers to further vertically integrate or shift production to competitors with less exposure to the Mexico-U.S. tariff environment (Source: Simply Wall St, MarketBeat).
Customer sentiment appears highly resilient among Tier-1 defense and aerospace contractors. The company’s ability to secure follow-on awards for mission-critical systems (Artemis, DoD missile programs, and subsea communications) suggests high trust in their 'high-cost-of-failure' manufacturing capabilities. Commercial truck OEMs also show long-term commitment, as evidenced by the renewal of a 25-year partnership despite broader market volatility (Source: Zacks Investment Research, StockTitan).