TTSH · Tile Shop Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $336.82M | $347.07M | $377.15M | $394.70M | $370.70M | $325.06M |
| Cost of Revenue | $121.80M | $119.20M | $134.09M | $135.76M | $117.57M | $103.53M |
| Gross Profit | $215.02M | $227.87M | $243.06M | $258.94M | $253.13M | $221.53M |
| R&D | - | - | - | - | - | - |
| SG&A | $220.83M | $224.36M | $226.90M | $236.33M | $232.52M | $215.15M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | $15.97M | $17.76M | $21.23M | $25.14M | $27.38M | $31.34M |
| Operating Income | ($5.81M) | $3.52M | $16.16M | $22.61M | $20.61M | $6.38M |
| Interest Expense | $41.0K | $275.0K | $2.16M | $1.58M | $656.0K | $1.87M |
| Income Tax | ($1.36M) | $921.0K | $3.92M | $5.33M | $5.18M | ($1.53M) |
| Net Income | ($4.49M) | $2.32M | $10.07M | $15.70M | $14.77M | $6.03M |
| EPS - Basic | ($0.10) | $0.05 | $0.23 | $0.32 | $0.29 | $0.12 |
| EPS - Diluted | ($0.10) | $0.05 | $0.23 | $0.32 | $0.29 | $0.12 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $10.12M | $20.96M | $8.62M | $5.95M | $9.36M | $9.62M |
| Accounts Receivable | $3.46M | $3.08M | $2.88M | $3.41M | $3.20M | $2.98M |
| Inventory | $89.40M | $86.27M | $93.68M | $120.95M | $97.17M | $74.30M |
| Accounts Payable | $25.33M | $23.81M | $23.34M | $23.51M | $30.88M | $15.38M |
| Current Assets | $113.00M | $119.82M | $114.56M | $146.40M | $127.08M | $104.65M |
| Total Assets | $301.73M | $319.60M | $316.67M | $345.82M | $340.76M | $342.69M |
| Current Liabilities | $79.21M | $78.39M | $78.75M | $83.29M | $97.71M | $76.80M |
| Long-term Debt | $25.00M | - | - | $45.40M | $5.00M | - |
| Total Liabilities | $214.49M | $196.69M | $196.99M | $237.05M | $218.53M | $203.63M |
| Stockholders' Equity | $87.24M | $122.91M | $119.69M | $108.77M | $122.22M | $139.06M |
| Retained Earnings | ($11.28M) | ($6.79M) | ($9.11M) | ($19.18M) | ($4.71M) | ($19.49M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.79M | $27.11M | $62.06M | $2.71M | $39.69M | $65.60M |
| Investing Cash Flow | ($9.37M) | ($14.34M) | ($15.26M) | ($14.03M) | ($11.07M) | ($1.97M) |
| Financing Cash Flow | ($7.26M) | ($503.0K) | ($45.93M) | $9.11M | ($28.90M) | ($63.33M) |
| CapEx | $9.56M | $14.54M | $15.31M | $14.03M | $11.07M | $1.97M |
| Free Cash Flow | ($3.77M) | $12.57M | $46.75M | ($11.31M) | $28.62M | $63.63M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 63.8% | 65.7% | 64.4% | 65.6% | 68.3% | 68.1% |
| Operating margin | -1.7% | 1.0% | 4.3% | 5.7% | 5.6% | 2.0% |
| EBITDA margin | 3.0% | 6.1% | 9.9% | 12.1% | 12.9% | 11.6% |
| Net margin | -1.3% | 0.7% | 2.7% | 4.0% | 4.0% | 1.9% |
| Free cash flow margin | -1.1% | 3.6% | 12.4% | -2.9% | 7.7% | 19.6% |
| FCF / Net income | 0.84 | 5.42 | 4.64 | -0.72 | 1.94 | 10.55 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 65.6% | 64.6% | 60.2% | 59.9% | 62.7% | 66.2% |
| Effective tax rate | - | 28.4% | 28.0% | 25.3% | 26.0% | -34.0% |
| Return on assets | -1.5% | 0.7% | 3.2% | 4.5% | 4.3% | 1.8% |
| Return on equity | -5.2% | 1.9% | 8.4% | 14.4% | 12.1% | 4.3% |
| Return on invested capital | -4.1% | - | - | 11.0% | 12.0% | - |
| Liquidity | ||||||
| Current ratio | 1.43 | 1.53 | 1.45 | 1.76 | 1.30 | 1.36 |
| Quick ratio | 0.30 | 0.43 | 0.27 | 0.31 | 0.31 | 0.40 |
| Cash ratio | 0.13 | 0.27 | 0.11 | 0.07 | 0.10 | 0.13 |
| Leverage | ||||||
| Debt / Equity | 0.29 | - | - | 0.42 | 0.04 | - |
| Debt / Assets | 0.08 | - | - | 0.13 | 0.01 | - |
| Debt / EBITDA | 2.46 | - | - | 0.95 | 0.10 | - |
| Interest coverage | -141.8x | 12.8x | 7.5x | 14.3x | 31.4x | 3.4x |
| Equity multiplier | 3.46 | 2.60 | 2.65 | 3.18 | 2.79 | 2.46 |
| Liabilities / Assets | 0.71 | 0.62 | 0.62 | 0.69 | 0.64 | 0.59 |
| Efficiency | ||||||
| Asset turnover | 1.12 | 1.09 | 1.19 | 1.14 | 1.09 | 0.95 |
| Inventory turnover | 1.36 | 1.38 | 1.43 | 1.12 | 1.21 | 1.39 |
| Days sales outstanding | 4d | 3d | 3d | 3d | 3d | 3d |
| Days inventory outstanding | 268d | 264d | 255d | 325d | 302d | 262d |
| Days payable outstanding | 76d | 73d | 64d | 63d | 96d | 54d |
| Cash conversion cycle | 196d | 195d | 194d | 265d | 209d | 211d |
| Valuation | ||||||
| P / E | - | 138.6x | 32.0x | 13.7x | 24.6x | 35.8x |
| P / B | 1.8x | 2.5x | 2.7x | 2.0x | 3.0x | 1.6x |
| P / S | 0.5x | 0.9x | 0.9x | 0.5x | 1.0x | 0.7x |
| EV / EBITDA | 16.6x | 13.3x | 8.4x | 5.3x | 7.5x | 5.5x |
| Growth | ||||||
| Revenue growth (YoY) | -3.0% | -8.0% | -4.4% | 6.5% | 14.0% | -4.5% |
| Revenue CAGR (3y) | -5.1% | -2.2% | 5.1% | 5.1% | 4.6% | -1.9% |
| Revenue CAGR (5y) | 0.7% | 0.4% | 3.1% | 2.8% | 2.7% | 2.1% |
| Gross profit growth (YoY) | -5.6% | -6.2% | -6.1% | 2.3% | 14.3% | -6.2% |
| Operating income growth (YoY) | - | -78.2% | -28.5% | 9.7% | 223.2% | - |
| Net income growth (YoY) | - | -77.0% | -35.9% | 6.3% | 145.0% | - |
| EPS growth (YoY) | - | -78.3% | -28.1% | 10.3% | 141.7% | - |
| EPS CAGR (3y) | - | -44.3% | 24.2% | - | 13.2% | -17.0% |
| EPS CAGR (5y) | - | - | 2.8% | 8.8% | -4.2% | -17.3% |
| FCF growth (YoY) | - | -73.1% | - | - | -55.0% | 450.3% |
| FCF CAGR (5y) | - | 1.7% | 20.7% | - | 1.7% | 9.0% |
| Book value growth (YoY) | -29.0% | 2.7% | 10.0% | -11.0% | -12.1% | 0.1% |
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.27
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Retail-Home Furniture, Furnishings & Equipment Stores
Comparing TILE SHOP HOLDINGS against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Nov 18, 2021 | $0.6500 |
| Jul 26, 2019 | $0.0500 |
| May 3, 2019 | $0.0500 |
| Mar 1, 2019 | $0.0500 |
| Oct 26, 2018 | $0.0500 |
| Jul 27, 2018 | $0.0500 |
| Apr 27, 2018 | $0.0500 |
| Mar 2, 2018 | $0.0500 |
| Oct 30, 2017 | $0.0500 |
| Jul 28, 2017 | $0.0500 |
| Apr 28, 2017 | $0.0500 |
| Mar 10, 2017 | $0.0500 |