Forensic Analysis · Industrials / Manufacturing / Defense · as of Jun 28, 2026
STRATTEC SECURITY CORP (STRT)
A forensic read on STRATTEC SECURITY CORP built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
7.1
Altman Z-score
Clean
Earnings quality
3
Forensic signals
13.8
P / E (ttm)
10.8%
ROE
$345M
Market cap
STRATTEC SECURITY CORP earns a C (Mixed — selective) forensic quality grade, and its Altman Z-score is 7.1, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by share-count dilution.
What the filings flag
+1.4%/yrShare-count dilution.Diluted share count changed +4% over the last 3 years to FY2025 (+1.4%/yr). The count is GROWING — existing holders are being diluted. That's ~1.4% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2022 has been diluted ~4%.
9%Return on invested capital.Return on invested capital is 9% and rising from 4% — around its ~9% cost of capital, so growth is roughly value-neutral — watch the trend.
-24%Dividend — cut.The payout was CUT ~24% in FY2020 (from FY2019). It still returns some cash, but it is NOT the dependable, rising dividend an unbroken streak implies — weigh the cut when judging reliability.
Key fundamentals
Net Margin3.3%
Free Cash Flow$64.5M
Latest Revenue$565.1M
Return on Equity8.4%
Revenue Growth YoY+5.1%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on STRATTEC SECURITY CORP:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about STRT's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown