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Commercial Vehicle Group vs Strattec Security: CVGI and STRT compared
Commercial Vehicle Group is the larger company: $208M of revenue in its latest quarter (Q3 2026) against $147M for Strattec Security (Q1 FY27). Commercial Vehicle Group is growing faster (+36% against -3% a year earlier). Strattec Security is more profitable, with an operating margin of 4.4% against 3.7%.
Where the money goes: CVGI and STRT
Commercial Vehicle Group (CVGI) · Q3 2026
Commercial Vehicle Group, Q3 2026: revenue $208M (+36% year over year), operating margin 3.7%, net earnings $5.6M, operating cash flow $1.6M. The chart follows the revenue to costs, profit and cash.
Strattec Security (STRT) · Q1 FY27
Strattec Security, Q1 FY27: revenue $147M (-3% year over year), operating margin 4.4%, net earnings $4.8M, operating cash flow $10.8M. The chart follows the revenue to costs, profit and cash.
| Commercial Vehicle Group (CVGI) | Strattec Security (STRT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q1 FY27 |
| Revenue | $208M | $147M |
| Revenue growth, Y/Y | +36% | -3% |
| Gross margin | 13.5% | 16.5% |
| Operating margin | 3.7% | 4.4% |
| Net earnings | $5.6M | $4.8M |
| Net margin | 2.7% | 3.3% |
| Operating cash flow | $1.6M | $10.8M |
| Free cash flow | $600K | $9.6M |
Where the revenue comes from
Commercial Vehicle Group
- Seats: $80.6M (39%)
- Electrical wire harnesses, panels and assemblies: $67.9M (33%)
- Plastic & Trim components: $47.4M (23%)
- Mirrors, wipers and controls: $12.2M (6%)
Questions
Which is bigger, Commercial Vehicle Group or Strattec Security?
Commercial Vehicle Group is the larger company: $208M of revenue in its latest quarter (Q3 2026) against $147M for Strattec Security (Q1 FY27).
Is Commercial Vehicle Group or Strattec Security growing faster?
Commercial Vehicle Group is growing faster (+36% against -3% a year earlier).
Which is more profitable, Commercial Vehicle Group or Strattec Security?
Strattec Security is more profitable, with an operating margin of 4.4% against 3.7%.
More: Commercial Vehicle Group earnings · how Commercial Vehicle Group makes money · Strattec Security earnings · how Strattec Security makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 2, 2026; 10-Q filed Oct 30, 2026). Fiscal quarters can end on different dates. Not investment advice.