Operating Segment and Geographic Information
Our reporting structure is comprised of the following strategic operating segments: AES and EMS. Our remaining operations, which represent our non-core businesses, are reported in the Other operating segment. We believe this structure aligns our external reporting presentation with how we currently manage and view our business internally. Our CODM is the interim Chief Executive Officer of Rogers Corporation. The CODM uses gross margin as a reported segment profit or loss measure to evaluate the performance of each business segment, and then leverages this information to decide where to allocate resources and assess how well each segment is performing financially, considering factors like revenue, inventory, and significant expenses specific to that segment.
Operating Segment Information
The following table presents a disaggregation of revenue from contracts with customers and other pertinent financial information, for the periods indicated; inter-segment sales have been eliminated from the net sales data:
(Dollars in millions)Advanced Electronics SolutionsElastomeric Material SolutionsOtherTotal
December 31, 2025
Net sales - recognized over time$169.1 $7.2 $14.1 $190.4 
Net sales - recognized at a point in time$276.1 $342.5 $1.8 $620.4 
Total net sales$445.2 $349.7 $15.9 $810.8 
Cost of sales$313.2 $230.0 $10.8 $554.0 
Gross margin$132.0 $119.7 $5.1 $256.8 
Inventories, net$77.1 $46.5 $1.4 $125.0 
Depreciation expense$19.4 $11.3 $0.8 $31.5 
December 31, 2024
Net sales - recognized over time$169.4 $5.3 $16.5 $191.2 
Net sales - recognized at a point in time$282.8 $355.6 $0.5 $638.9 
Total net sales$452.2 $360.9 $17.0 $830.1 
Cost of sales$319.6 $222.4 $11.0 $553.0 
Gross margin$132.6 $138.5 $6.0 $277.1 
Inventories, net$77.8 $62.8 $1.7 $142.3 
Depreciation expense$17.5 $8.7 $0.7 $26.9 
December 31, 2023
Net sales - recognized over time$234.1 $19.6 $15.8 $269.5 
Net sales - recognized at a point in time$275.6 $359.4 $3.9 $638.9 
Total net sales$509.7 $379.0 $19.7 $908.4 
Cost of sales$352.1 $237.0 $12.2 $601.3 
Gross margin$157.6 $142.0 $7.5 $307.1 
Inventories, net$86.7 $64.6 $2.2 $153.5 
Depreciation expense$17.7 $8.5 $0.7 $26.9 
Operating Segment Net Sales by Geographic Area
The following table presents net sales by our operating segment operations by geographic area for the years indicated:
(Dollars in millions)
Net Sales(1)
Region/CountryAdvanced Electronics SolutionsElastomeric Material SolutionsOtherTotal
December 31, 2025
U.S.$86.9 $138.6 $3.4 $228.9 
Other Americas1.7 12.0  13.7 
Total Americas88.6 150.6 3.4 242.6 
China150.8 95.0 5.4 251.2 
Other APAC51.0 32.0 1.9 84.9 
Total APAC201.8 127.0 7.3 336.1 
Germany55.1 22.5 0.6 78.2 
Other EMEA99.7 49.6 4.6 153.9 
Total EMEA154.8 72.1 5.2 232.1 
Total net sales$445.2 $349.7 $15.9 $810.8 
December 31, 2024
U.S.$80.8 $136.5 $3.6 $220.9 
Other Americas4.2 15.5 0.5 20.2 
Total Americas85.0 152.0 4.1 241.1 
China140.0 99.2 4.8 244.0 
Other APAC90.9 30.1 2.4 123.4 
Total APAC230.9 129.3 7.2 367.4 
Germany74.9 26.7 0.6 102.2 
Other EMEA61.4 52.9 5.1 119.4 
Total EMEA136.3 79.6 5.7 221.6 
Total net sales$452.2 $360.9 $17.0 $830.1 
December 31, 2023
U.S.$81.1 $155.4 $3.9 $240.4 
Other Americas3.6 13.7 0.3 17.6 
Total Americas84.7 169.1 4.2 258.0 
China144.6 93.0 4.3 241.9 
Other APAC88.3 31.7 5.6 125.6 
Total APAC232.9 124.7 9.9 367.5 
Germany95.2 28.3 0.5 124.0 
Other EMEA96.9 56.9 5.1 158.9 
Total EMEA192.1 85.2 5.6 282.9 
Total net sales$509.7 $379.0 $19.7 $908.4 
(1) Net sales are allocated to countries based on the location of the customer. The table above lists individual countries with 10% or more of net sales for the periods indicated.

Historical Timeline

Fiscal YearFiled
2025Feb 19, 2026Showing above
2024Feb 26, 2025
2023Feb 27, 2024
2022Mar 1, 2023
2021Feb 22, 2022
2020Feb 19, 2021
2019Feb 21, 2020
2018Feb 21, 2019
2017Feb 28, 2018
2016Feb 21, 2017
2015Feb 23, 2016

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.