Rogers Corporation (ROG) Stock

Rogers Corporation (ROG) is a Materials stock trading at $126.42 (as of 2026-08-21), with a market capitalization of $2.26B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components through Advanced Electronics Solutions and Elastomeric Material Solutions segments. It supplies electronic circuit, substrate, busbar, and thermal materials for industries including EV/HEV and wireless infrastructure, and engineered elastomeric and polymer materials used in cushioning, sealing, gasketing, and thermal applications.

Understand Rogers Corporation: how it makes money

Rogers Corporation designs and manufactures engineered materials and components, selling them through Advanced Electronics Solutions (materials for EV and wireless infrastructure, among other markets) and Electronic Manufacturing Solutions, which together generate revenue from customer product demand.

Profit is primarily driven by selling engineered electronics materials and related solutions through two revenue engines, Advanced Electronics Solutions and Electronic Manufacturing Solutions, where end-market demand and product mix (including EV, clean energy, and wireless infrastructure exposure) flow into segment sales and ultimately affect operating margin.

Revenue by segment (latest quarter)
AES	$0.1B
EMS	$0.1B
Other	$0.0B

Business quality (Weak): For the quarter ended 2026-03-31, Rogers reported gross margin of 32.2% and operating margin of 5.3%, suggesting meaningful gross profitability but a relatively thin operating layer that can be sensitive to sales trends in AES and EMS.

Bull case

End-market pull through AES offerings: Advanced Electronics Solutions exposure includes electric vehicle and hybrid electric vehicle applications (15% of AES revenues) and clean energy sales (17% of AES revenues), alongside wireless infrastructure and other transportation and industrial markets described for the segment.
Broad industrial and transportation reach: The provided segment mix metrics show sizable shares from industrial (37% of sales) and automotive (24% of revenue), plus aerospace and defense (15% of revenue), which can diversify demand within the company’s engineered materials portfolio.

Bear case

Pressure in Electronic Manufacturing Solutions: The operational metrics provided indicate Electronic Manufacturing Services Revenue Decline versus Prior Year of 6.7 percent, which is a direct risk to the EMS revenue stream.
Cost actions signal near-term difficulty: Workforce Reduction of 7.0 percent indicates the company took cost actions, which can reflect operational or demand challenges.
Thin operating margin: With operating margin at 5.3% (and even with gross margin at 32.2%), earnings can be vulnerable if segment sales weaken or costs rise.

Valuation — source: SEC EDGAR (first-party)
Price	$126.42
Market Cap	$2.26B
EV / EBITDA	97.7
Price / Book	1.89
Price / Sales	2.75
FCF Yield	3.1%
DCF Value (model)	$76.79
DCF Upside vs Price	-39.3%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$810.80M
Net Margin	-7.6%
Revenue Growth (YoY)	5.2%
EPS Growth (YoY)	-412.5%
FCF Growth (YoY)	-47.6%

Financial Health — source: SEC EDGAR
Altman Z-Score	7.65 (safe)

Valuation vs Sector & Industry
Sector P/E (Materials)	25.9
Industry P/E (Chemicals)	31.1

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($355.47M)
Institutional Holders Tracked	10
Congressional Trades (recent)	1

Company
Sector	Materials
Industry	Chemicals
CEO	Ali El-Haj
Employees	3,200
Country	US
IPO Date	1980-03-17

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Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.