STSensata Technologies Holding plc

Industrial Instruments For Measurement, Display, And Control

Revenue: $3.7B; 5.8% YoY
Operating margin: 6.4%; 69% YoY
EBITDA: $494M; 6.9% YoY
Market cap: $6.9B
Employees: 2,025; $2M revenue each
Net debt / EBITDA: 4.6×; $2.3B net debt
AI in 10-K: 0.2; mentions per 10K words

Takeover score 3 of 13

Fixable underperformance 2 of 7

TSR below peersYes
4 of 5 years
3+ of last 5 years
High CEO pay despite TSRNo
—
Median CEO pay ≥ $15M while TSR trails
Earnings not backed by cashNo
20× net income
Cash flow under 80% of net income
Dilutive SBCNo
1% of revenue
Over 10% of revenue
Payouts exceed cash flowNo
31% of cash flow
Buybacks + dividends over cash flow
Goodwill-heavyYes
47% of assets
Over 40% of assets
Shareholder dissentNo
95% lowest support
Any vote under 80% support

Buyer economics 1 of 4

Low revenue per employeeNo
$2M · 91st pct
Bottom quartile of its SIC industry
Quiet on AIYes
0.2 per 10K words · 14th pct
Bottom quartile of AI mentions in 10-Ks
Net cashNo
4.6× EBITDA net debt
More cash than debt, positive EBITDA
Buyout-sizedNo
$6.9B market cap
Market cap $500M–$5B

Catalysts 0 of 2

Active 13DNo
0 filings
Active-intent 13D in 18 months
Net insider sellingNo
−$8M net
Net sales over $10M in 12 months

Financials

Metric	FY2021	FY2022	FY2023	FY2024	FY2025	YoY	Trend
Revenue	$3.8B	$4.0B	$4.1B	$3.9B	$3.7B	5.8%
Operating income	$633M	$670M	$182M	$149M	$238M	59%
Net income	$364M	$311M	−$4M	$129M	$31M	76%
Operating cash flow	$554M	$461M	$457M	$552M	$622M	13%
Capex	$144M	$150M	$185M	$159M	$131M	17%
Stock-based comp	$26M	$32M	$30M	$39M	$25M	35%
Buybacks	$48M	$292M	$88M	$69M	$121M	75%
Dividends	$0	$51M	$72M	$72M	$70M	2.5%

Deal filings

Filed	Form	Acquirer	Price	Premium
Jan 19, 2018	DEFM14A	—	$100.00	20%

13D filers

None on file.

Insider trading

Open-market buys, 12 mo: $502K · 1
Open-market sells, 12 mo: $8M · 9
Net: −$8M

Pay vs performance

Year	CEO total comp	Comp actually paid	TSR (indexed)	Peer TSR
FY2025	—	—	124	118
FY2024	—	—	53	162
FY2023	—	—	71	140
FY2022	—	—	76	121
FY2021	—	—	115	130