Cooper-Standard Holdings Inc.CPS
Cooper-Standard Holdings Inc. Revenue Disclosure
Revenue
The passenger and light duty customer group consists of sales to automotive OEMs and automotive suppliers, while the commercial group represents sales to OEMs of on- and off-highway commercial equipment and vehicles. The other customer group includes sales related to specialty and adjacent markets.
Revenue by customer group for the year ended December 31, 2025 was as follows:
| Sealing Systems | Fluid Handling Systems | Other | Consolidated | ||||||||||||||||||||
| Passenger and Light Duty | $ | 1,385,445 | $ | 1,233,686 | $ | — | $ | 2,619,131 | |||||||||||||||
| Commercial | 27,695 | 8,945 | 7,714 | 44,354 | |||||||||||||||||||
| Other | 2,148 | 9,479 | 65,803 | 77,430 | |||||||||||||||||||
| Revenue | $ | 1,415,288 | $ | 1,252,110 | $ | 73,517 | $ | 2,740,915 | |||||||||||||||
Revenue by customer group for the year ended December 31, 2024 was as follows:
| Sealing Systems | Fluid Handling Systems | Other | Consolidated | ||||||||||||||||||||
| Passenger and Light Duty | $ | 1,386,893 | $ | 1,212,444 | $ | — | $ | 2,599,337 | |||||||||||||||
| Commercial | 30,909 | 10,720 | 7,891 | 49,520 | |||||||||||||||||||
| Other | 2,232 | 13,673 | 66,131 | 82,036 | |||||||||||||||||||
| Revenue | $ | 1,420,034 | $ | 1,236,837 | $ | 74,022 | $ | 2,730,893 | |||||||||||||||
Revenue by customer group for the year ended December 31, 2023 was as follows:
| Sealing Systems | Fluid Handling Systems | Other | Consolidated | ||||||||||||||||||||
| Passenger and Light Duty | $ | 1,414,502 | $ | 1,237,300 | $ | 2,650 | $ | 2,654,452 | |||||||||||||||
| Commercial | 28,750 | 12,447 | 7,742 | 48,939 | |||||||||||||||||||
| Other | 1,245 | 15,206 | 96,037 | 112,488 | |||||||||||||||||||
| Revenue | $ | 1,444,497 | $ | 1,264,953 | $ | 106,429 | $ | 2,815,879 | |||||||||||||||
Substantially all the Company’s revenue is generated from sealing systems and fluid handling systems (consisting of fuel and brake delivery systems and fluid transfer systems) for use in passenger vehicles and light trucks manufactured by global OEMs.
A summary of the Company’s products is as follows:
| Product Line | Description | |||||||
| Sealing Systems | Protect vehicle interiors from weather, dust and noise intrusion for improved driving experience; provide aesthetic and functional class-A exterior surface treatment. | |||||||
| Fluid Handling Systems | Fuel and Brake Delivery Systems: Sense, deliver and control fluid and fluid vapors for fuel and brake systems. Fluid Transfer Systems: Sense, deliver, connect and control fluid delivery for optimal thermal management, powertrain and HVAC operation. | |||||||
Revenue by geographical region for the year ended December 31, 2025 was as follows:
| Sealing Systems | Fluid Handling Systems | Other | Consolidated | ||||||||||||||||||||
| North America | $ | 604,506 | $ | 931,792 | $ | — | $ | 1,536,298 | |||||||||||||||
| Europe | 458,652 | 131,355 | — | 590,007 | |||||||||||||||||||
| Asia Pacific | 266,453 | 152,761 | — | 419,214 | |||||||||||||||||||
| South America | 85,677 | 36,202 | — | 121,879 | |||||||||||||||||||
| Corporate, eliminations and other | — | — | 73,517 | 73,517 | |||||||||||||||||||
| Revenue | $ | 1,415,288 | $ | 1,252,110 | $ | 73,517 | $ | 2,740,915 | |||||||||||||||
Revenue by geographical region for the year ended December 31, 2024 was as follows:
| Sealing Systems | Fluid Handling Systems | Other | Consolidated | ||||||||||||||||||||
| North America | $ | 611,761 | $ | 916,005 | $ | — | $ | 1,527,766 | |||||||||||||||
| Europe | 461,798 | 125,390 | — | 587,188 | |||||||||||||||||||
| Asia Pacific | 254,446 | 161,389 | — | 415,835 | |||||||||||||||||||
| South America | 92,029 | 34,053 | — | 126,082 | |||||||||||||||||||
| Corporate, eliminations and other | — | — | 74,022 | 74,022 | |||||||||||||||||||
| Revenue | $ | 1,420,034 | $ | 1,236,837 | $ | 74,022 | $ | 2,730,893 | |||||||||||||||
Revenue by geographical region for the year ended December 31, 2023 was as follows:
| Sealing Systems | Fluid Handling Systems | Other | Consolidated | ||||||||||||||||||||
| North America | $ | 551,293 | $ | 934,797 | $ | — | $ | 1,486,090 | |||||||||||||||
| Europe | 515,199 | 133,056 | — | 648,255 | |||||||||||||||||||
| Asia Pacific | 284,416 | 165,060 | — | 449,476 | |||||||||||||||||||
| South America | 93,589 | 32,040 | — | 125,629 | |||||||||||||||||||
| Corporate, eliminations and other | — | — | 106,429 | 106,429 | |||||||||||||||||||
| Revenue | $ | 1,444,497 | $ | 1,264,953 | $ | 106,429 | $ | 2,815,879 | |||||||||||||||
Contract Estimates
The amount of revenue recognized is usually based on the purchase order price and adjusted for variable consideration, including pricing concessions. The Company accrues for pricing concessions by reducing revenue as products are shipped or delivered. The accruals are based on contractual terms, historical experience, anticipated performance and management’s best judgment. The Company also generally has ongoing adjustments to customer pricing arrangements based on the content and cost of its products. Such pricing accruals are adjusted as they are settled with customers. Customer returns, which are infrequent, are usually related to quality or shipment issues and are recorded as a reduction of revenue. The Company generally does not recognize significant return obligations due to their infrequent nature.
Contract Balances
The Company’s contract assets consist of unbilled amounts associated with variable pricing arrangements in the Asia Pacific region. Once pricing is finalized, contract assets are transferred to accounts receivable. As a result, the timing of revenue recognition and billings, as well as changes in foreign exchange rates, will impact contract assets on an ongoing basis. Contract assets were not materially impacted by any other factors during the year ended December 31, 2025.
The Company’s contract liabilities consist of advance payments received and due from customers. Net contract assets (liabilities) as of December 31, 2025 and December 31, 2024 consisted of the following:
| December 31, 2025 | December 31, 2024 | Change | |||||||||||||||
| Contract assets | $ | 3,526 | $ | 650 | $ | 2,876 | |||||||||||
| Contract liabilities | — | (14) | 14 | ||||||||||||||
| Net contract assets | $ | 3,526 | $ | 636 | $ | 2,890 | |||||||||||
Other
The Company, at times, enters into agreements that provide for lump sum payments to customers. These payment agreements are recorded as a reduction of revenue during the period the commitment is made, unless the payment is contractually recoverable. Amounts related to commitments of future payments to customers in the consolidated balance sheets as of December 31, 2025 and December 31, 2024, were current liabilities of $7,676 and $9,918, respectively, and long-term liabilities of $1,265 and $1,597, respectively.
The Company provides assurance-type warranties to its customers. These warranties offer assurance that the related products will perform as intended and conform to agreed-upon specifications. Costs associated with these warranties are recognized in cost of products soldHistorical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 13, 2026 | Showing above |
| 2024 | Feb 14, 2025 | |
| 2023 | Feb 16, 2024 | |
| 2022 | Feb 17, 2023 | |
| 2021 | Feb 18, 2022 | |
| 2020 | Feb 22, 2021 | |
| 2019 | Feb 26, 2020 | |
| 2018 | Feb 25, 2019 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.