Tactile Systems Technology (TCMD) Financials

$14.12 -0.10 (-0.70%)

As of 04:00 PM Eastern

Annual Income Statements for Tactile Systems Technology

This table shows Tactile Systems Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-18	29	17
Consolidated Net Income / (Loss)	-18	29	17
Net Income / (Loss) Continuing Operations	-18	29	17
Total Pre-Tax Income	-15	16	23
Total Operating Income	-13	18	22
Total Gross Profit	176	195	217
Total Revenue	247	274	293
Operating Revenue	247	274	293
Total Cost of Revenue	71	79	76
Operating Cost of Revenue	71	79	76
Total Operating Expenses	189	177	195
Selling, General & Admin Expense	61	62	71
Marketing Expense	106	107	112
Research & Development Expense	7.09	7.82	8.83
Amortization Expense	14	0.08	2.53
Total Other Income / (Expense), net	-2.72	-2.27	1.31
Interest Expense	2.79	4.15	2.09
Interest & Investment Income	0.06	1.87	3.38
Other Income / (Expense), net	0.01	0.00	0.01
Income Tax Expense	2.39	-13	6.53
Weighted Average Basic Shares Outstanding	20.07M	22.93M	23.88M
Weighted Average Diluted Shares Outstanding	20.07M	23.18M	24.14M
Weighted Average Basic & Diluted Shares Outstanding	20.25M	23.60M	23.59M

This table shows Tactile Systems Technology's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-2.28	4.62	-1.89	-0.10	22	8.20	-2.21	4.30	5.16	9.72
Consolidated Net Income / (Loss)	-2.28	4.62	-1.89	-0.10	22	8.20	-2.21	4.30	5.16	9.72
Net Income / (Loss) Continuing Operations	-2.28	4.62	-1.89	-0.10	22	8.20	-2.21	4.30	5.16	9.72
Total Pre-Tax Income	-2.36	6.90	-4.80	1.22	7.59	12	-2.81	6.07	7.23	13
Total Operating Income	-1.62	7.85	-3.81	2.06	7.99	12	-2.96	5.85	6.78	13
Total Gross Profit	47	52	41	48	49	56	43	54	55	64
Total Revenue	65	74	59	68	70	78	61	73	73	86
Operating Revenue	65	74	59	68	70	78	61	73	73	86
Total Cost of Revenue	18	22	17	20	20	22	18	19	18	21
Operating Cost of Revenue	18	22	17	20	20	22	18	19	18	21
Total Operating Expenses	48	44	45	46	41	44	46	48	48	52
Selling, General & Admin Expense	16	13	15	15	16	15	16	17	18	20
Marketing Expense	27	27	26	28	26	27	27	29	27	29
Research & Development Expense	1.58	2.14	2.23	1.83	1.96	1.79	2.14	2.23	2.42	2.04
Amortization Expense	3.99	1.60	1.31	1.21	-3.07	0.63	0.63	0.63	0.63	0.63
Total Other Income / (Expense), net	-0.74	-0.95	-0.99	-0.84	-0.40	-0.04	0.16	0.23	0.45	0.48
Other Income / (Expense), net	-0.74	1.78	-0.99	-0.84	-0.40	2.24	0.16	0.23	0.45	-0.82
Income Tax Expense	-0.08	2.28	-2.91	1.32	-15	3.56	-0.60	1.78	2.08	3.28
Weighted Average Basic Shares Outstanding	20.14M	20.07M	21.28M	23.35M	23.48M	22.93M	23.67M	23.87M	23.99M	23.88M
Weighted Average Diluted Shares Outstanding	20.14M	20.07M	21.28M	23.35M	23.85M	23.18M	23.67M	24.10M	24.25M	24.14M
Weighted Average Basic & Diluted Shares Outstanding	20.15M	20.25M	23.24M	23.46M	23.50M	23.60M	23.76M	23.97M	24.00M	23.59M

This table details how cash moves in and out of Tactile Systems Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-6.30	39	33
Net Cash From Operating Activities	5.21	36	41
Net Cash From Continuing Operating Activities	5.21	36	41
Net Income / (Loss) Continuing Operations	-18	29	17
Consolidated Net Income / (Loss)	-18	29	17
Depreciation Expense	6.27	6.54	6.79
Non-Cash Adjustments To Reconcile Net Income	18	7.08	7.97
Changes in Operating Assets and Liabilities, net	-1.18	-6.28	8.93
Net Cash From Investing Activities	-1.91	-2.48	-2.50
Net Cash From Continuing Investing Activities	-1.91	-2.48	-2.50
Purchase of Property, Plant & Equipment	-1.78	-2.32	-2.39
Acquisitions	-0.14	-0.16	-0.12
Sale of Property, Plant & Equipment	0.01	0.00	0.01
Net Cash From Financing Activities	-9.60	5.73	-4.82
Net Cash From Continuing Financing Activities	-9.60	5.73	-4.82
Repayment of Debt	-6.04	-28	-3.00
Repurchase of Common Equity	0.00	0.00	-3.51
Issuance of Debt	0.00	8.25	0.00
Issuance of Common Equity	1.29	36	1.66
Other Financing Activities, net	-4.85	-11	0.02
Cash Interest Paid	2.19	4.56	2.11
Cash Income Taxes Paid	0.04	5.82	6.85

This table details how cash moves in and out of Tactile Systems Technology's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	0.08	-1.50	33	8.20	2.82	-5.00	-0.33	13	8.53	12
Net Cash From Operating Activities	2.25	3.86	-0.50	14	4.10	18	0.92	13	10	16
Net Cash From Continuing Operating Activities	2.25	3.86	-0.50	14	4.10	18	0.92	13	10	16
Net Income / (Loss) Continuing Operations	-2.28	4.62	-1.89	-0.10	22	8.20	-2.21	4.30	5.16	9.72
Consolidated Net Income / (Loss)	-2.28	4.62	-1.89	-0.10	22	8.20	-2.21	4.30	5.16	9.72
Depreciation Expense	1.66	1.60	1.63	1.64	1.65	1.62	1.63	1.71	1.73	1.71
Non-Cash Adjustments To Reconcile Net Income	4.26	1.82	5.11	2.92	-2.08	1.14	1.91	2.68	1.91	1.47
Changes in Operating Assets and Liabilities, net	-1.38	-4.18	-5.35	9.45	-18	7.39	-0.41	4.45	1.46	3.44
Net Cash From Investing Activities	-1.43	-0.07	-0.29	-0.85	-0.40	-0.94	-0.50	-0.53	-0.98	-0.49
Net Cash From Continuing Investing Activities	-1.43	-0.07	-0.29	-0.85	-0.40	-0.94	-0.50	-0.53	-0.98	-0.49
Purchase of Property, Plant & Equipment	-1.40	-0.05	-0.24	-0.80	-0.38	-0.90	-0.48	-0.50	-0.95	-0.46
Acquisitions	-0.03	-0.03	-0.05	-0.05	-0.02	-0.04	-0.02	-0.04	-0.03	-0.03
Net Cash From Financing Activities	-0.75	-5.29	34	-4.86	-0.87	-22	-0.75	0.30	-0.75	-3.62
Net Cash From Continuing Financing Activities	-0.75	-5.29	34	-4.86	-0.87	-22	-0.75	0.30	-0.75	-3.62
Repayment of Debt	-0.75	-0.75	-0.75	-0.75	-9.13	-18	-0.75	-0.75	-0.75	-0.75
Issuance of Common Equity	-	0.46	35	0.88	-	0.66	0.00	1.04	-	0.62
Other Financing Activities, net	-	-5.00	0.00	-4.99	0.00	-5.57	0.00	0.00	-	0.02
Cash Interest Paid	0.99	0.75	0.93	1.00	0.89	1.75	0.58	0.52	0.51	0.49
Cash Income Taxes Paid	0.00	0.02	0.01	2.41	0.59	2.81	0.05	2.12	2.25	2.42

This table presents Tactile Systems Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	255	281	298
Total Current Assets	120	145	178
Cash & Equivalents	22	61	94
Short-Term Investments	16	14	15
Accounts Receivable	55	43	45
Inventories, net	23	23	19
Prepaid Expenses	3.75	4.37	5.05
Plant, Property, & Equipment, net	6.08	6.20	5.60
Total Noncurrent Assets	129	130	115
Noncurrent Note & Lease Receivables	23	11	0.00
Goodwill	31	31	31
Intangible Assets	50	47	43
Noncurrent Deferred & Refundable Income Taxes	0.00	19	18
Other Noncurrent Operating Assets	25	22	23
Total Liabilities & Shareholders' Equity	255	281	298
Total Liabilities	134	88	81
Total Current Liabilities	64	41	41
Short-Term Debt	2.97	2.96	2.96
Accounts Payable	9.98	6.66	5.65
Accrued Expenses	9.24	5.90	7.78
Current Deferred & Payable Income Tax Liabilities	2.34	1.47	0.27
Current Employee Benefit Liabilities	17	17	18
Other Current Liabilities	23	7.28	6.13
Total Noncurrent Liabilities	69	47	41
Long-Term Debt	46	26	23
Noncurrent Deferred Revenue	0.30	0.45	0.24
Other Noncurrent Operating Liabilities	23	20	17
Total Equity & Noncontrolling Interests	121	194	217
Total Preferred & Common Equity	121	194	217
Preferred Stock	0.00	0.00	0.00
Total Common Equity	121	194	217
Common Stock	131	175	181
Retained Earnings	-9.62	19	36

This table presents Tactile Systems Technology's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	249	276	274	293	272	279	288
Total Current Assets	117	145	150	152	141	152	162
Cash & Equivalents	23	55	63	66	61	74	82
Short-Term Investments	15	14	13	14	14	14	14
Accounts Receivable	52	51	47	44	40	42	40
Inventories, net	23	20	20	23	21	19	21
Prepaid Expenses	3.48	4.88	4.48	4.67	4.91	3.91	5.13
Plant, Property, & Equipment, net	6.68	5.66	5.77	5.49	6.22	5.69	5.88
Total Noncurrent Assets	125	124	118	136	125	121	119
Noncurrent Note & Lease Receivables	18	20	15	15	6.95	4.51	3.63
Goodwill	31	31	31	31	31	31	31
Intangible Assets	51	49	49	48	46	45	44
Noncurrent Deferred & Refundable Income Taxes	-	-	-	21	19	19	20
Other Noncurrent Operating Assets	25	24	23	22	21	21	21
Total Liabilities & Shareholders' Equity	249	276	274	293	272	279	288
Total Liabilities	134	119	115	110	79	78	80
Total Current Liabilities	56	51	49	46	33	34	37
Short-Term Debt	2.97	2.97	2.97	2.96	2.96	2.96	2.96
Accounts Payable	11	9.59	9.30	6.40	5.49	5.09	7.29
Accrued Expenses	6.95	6.60	5.17	5.33	6.87	6.70	7.09
Current Deferred & Payable Income Tax Liabilities	0.01	0.00	0.00	2.09	0.73	0.50	0.61
Current Employee Benefit Liabilities	14	11	14	15	11	12	13
Other Current Liabilities	21	21	17	14	6.08	6.87	6.12
Total Noncurrent Liabilities	78	68	66	65	45	44	43
Long-Term Debt	47	45	44	44	25	25	24
Noncurrent Deferred Revenue	0.30	0.45	0.45	0.44	0.50	0.50	0.50
Other Noncurrent Operating Liabilities	31	22	22	21	20	19	18
Total Equity & Noncontrolling Interests	114	156	159	183	193	201	208
Total Preferred & Common Equity	114	156	159	183	193	201	208
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	114	156	159	183	193	201	208
Common Stock	129	168	170	172	177	180	182
Retained Earnings	-14	-12	-12	11	17	21	26

This table displays calculated financial ratios and metrics derived from Tactile Systems Technology's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	18.61%	11.20%	6.76%
EBITDA Growth	-566.64%	479.53%	17.90%
EBIT Growth	-455.82%	241.57%	22.98%
NOPAT Growth	-624.06%	465.28%	-50.90%
Net Income Growth	-51.27%	259.60%	-40.52%
EPS Growth	0.00%	0.00%	0.00%
Operating Cash Flow Growth	97.99%	588.33%	13.39%
Free Cash Flow Firm Growth	101.46%	1,427.26%	71.86%
Invested Capital Growth	-7.07%	11.60%	-9.27%
Revenue Q/Q Growth	5.19%	1.39%	2.78%
EBITDA Q/Q Growth	49.34%	41.11%	0.06%
EBIT Q/Q Growth	32.87%	65.44%	-0.32%
NOPAT Q/Q Growth	24.25%	1.26%	7.53%
Net Income Q/Q Growth	40.41%	14.36%	9.80%
EPS Q/Q Growth	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-25.16%	67.88%	-4.73%
Free Cash Flow Firm Q/Q Growth	-92.33%	116.30%	14.59%
Invested Capital Q/Q Growth	5.33%	-1.46%	-3.50%
Profitability Metrics	-	-	-
Gross Margin	71.31%	71.11%	73.96%
EBITDA Margin	-2.62%	8.96%	9.89%
Operating Margin	-5.17%	6.57%	7.57%
EBIT Margin	-5.16%	6.57%	7.57%
Profit (Net Income) Margin	-7.24%	10.39%	5.79%
Tax Burden Percent	115.47%	180.82%	72.20%
Interest Burden Percent	121.40%	87.40%	105.85%
Effective Tax Rate	0.00%	-80.82%	27.80%
Return on Invested Capital (ROIC)	-6.51%	23.32%	11.38%
ROIC Less NNEP Spread (ROIC-NNEP)	-78.44%	46.59%	9.92%
Return on Net Nonoperating Assets (RNNOA)	-7.81%	-5.22%	-3.11%
Return on Equity (ROE)	-14.31%	18.10%	8.27%
Cash Return on Invested Capital (CROIC)	0.82%	12.35%	21.10%
Operating Return on Assets (OROA)	-5.11%	6.73%	7.66%
Return on Assets (ROA)	-7.16%	10.63%	5.85%
Return on Common Equity (ROCE)	-14.31%	18.10%	8.27%
Return on Equity Simple (ROE_SIMPLE)	-14.72%	14.73%	7.83%
Net Operating Profit after Tax (NOPAT)	-8.93	33	16
NOPAT Margin	-3.62%	11.89%	5.47%
Net Nonoperating Expense Percent (NNEP)	71.94%	-23.27%	1.47%
Return On Investment Capital (ROIC_SIMPLE)	-5.25%	14.64%	6.60%
Cost of Revenue to Revenue	28.69%	28.89%	26.04%
SG&A Expenses to Revenue	24.64%	22.62%	24.28%
R&D to Revenue	2.87%	2.85%	3.01%
Operating Expenses to Revenue	76.48%	64.53%	66.39%
Earnings before Interest and Taxes (EBIT)	-13	18	22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-6.48	25	29
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.91	1.74	1.90
Price to Tangible Book Value (P/TBV)	5.79	2.90	2.88
Price to Revenue (P/Rev)	0.94	1.22	1.40
Price to Earnings (P/E)	0.00	11.78	24.24
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	8.49%	4.13%
Enterprise Value to Invested Capital (EV/IC)	1.83	1.96	2.45
Enterprise Value to Revenue (EV/Rev)	0.98	1.06	1.12
Enterprise Value to EBITDA (EV/EBITDA)	0.00	11.79	11.33
Enterprise Value to EBIT (EV/EBIT)	0.00	16.07	14.80
Enterprise Value to NOPAT (EV/NOPAT)	0.00	8.89	20.50
Enterprise Value to Operating Cash Flow (EV/OCF)	46.49	8.09	8.08
Enterprise Value to Free Cash Flow (EV/FCFF)	214.05	16.78	11.06
Leverage & Solvency	-	-	-
Debt to Equity	0.40	0.15	0.12
Long-Term Debt to Equity	0.38	0.14	0.11
Financial Leverage	0.10	-0.11	-0.31
Leverage Ratio	2.00	1.70	1.41
Compound Leverage Factor	2.43	1.49	1.49
Debt to Total Capital	28.70%	13.08%	10.78%
Short-Term Debt to Total Capital	1.74%	1.33%	1.22%
Long-Term Debt to Total Capital	26.96%	11.75%	9.56%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	71.30%	86.92%	89.22%
Debt to EBITDA	-7.54	1.19	0.90
Net Debt to EBITDA	-1.67	-1.88	-2.85
Long-Term Debt to EBITDA	-7.09	1.06	0.80
Debt to NOPAT	-5.47	0.89	1.63
Net Debt to NOPAT	-1.21	-1.41	-5.17
Long-Term Debt to NOPAT	-5.14	0.80	1.45
Altman Z-Score	2.05	4.02	4.98
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.86	3.54	4.36
Quick Ratio	1.44	2.88	3.78
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	1.13	17	30
Operating Cash Flow to CapEx	294.46%	1,542.81%	1,708.19%
Free Cash Flow to Firm to Interest Expense	0.41	4.17	14.24
Operating Cash Flow to Interest Expense	1.87	8.65	19.50
Operating Cash Flow Less CapEx to Interest Expense	1.23	8.09	18.36
Efficiency Ratios	-	-	-
Asset Turnover	0.99	1.02	1.01
Accounts Receivable Turnover	4.73	5.60	6.65
Inventory Turnover	3.34	3.47	3.70
Fixed Asset Turnover	38.48	44.72	49.67
Accounts Payable Turnover	9.44	9.53	12.40
Days Sales Outstanding (DSO)	77.13	65.17	54.88
Days Inventory Outstanding (DIO)	109.13	105.07	98.53
Days Payable Outstanding (DPO)	38.68	38.31	29.44
Cash Conversion Cycle (CCC)	147.58	131.94	123.98
Capital & Investment Metrics	-	-	-
Invested Capital	132	148	134
Invested Capital Turnover	1.80	1.96	2.08
Increase / (Decrease) in Invested Capital	-10	15	-14
Enterprise Value (EV)	242	290	328
Market Capitalization	231	336	411
Book Value per Share	$6.02	$8.24	$9.03
Tangible Book Value per Share	$1.98	$4.93	$5.95
Total Capital	170	223	243
Total Debt	49	29	26
Total Long-Term Debt	46	26	23
Net Debt	11	-46	-83
Capital Expenditures (CapEx)	1.77	2.32	2.38
Debt-free, Cash-free Net Working Capital (DFCFNWC)	20	32	31
Debt-free Net Working Capital (DFNWC)	58	107	140
Net Working Capital (NWC)	55	104	137
Net Nonoperating Expense (NNE)	8.94	4.11	-0.94
Net Nonoperating Obligations (NNO)	11	-46	-83
Total Depreciation and Amortization (D&A)	6.27	6.54	6.79
Debt-free, Cash-free Net Working Capital to Revenue	8.24%	11.65%	10.55%
Debt-free Net Working Capital to Revenue	23.66%	39.06%	47.72%
Net Working Capital to Revenue	22.46%	37.98%	46.71%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	20.07M	22.93M	23.88M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	20.07M	23.18M	24.14M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.25M	23.60M	23.59M
Normalized Net Operating Profit after Tax (NOPAT)	-8.93	13	16
Normalized NOPAT Margin	-3.62%	4.60%	5.47%
Pre Tax Income Margin	-6.27%	5.75%	8.02%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-4.57	4.35	10.64
NOPAT to Interest Expense	-3.20	7.87	7.68
EBIT Less CapEx to Interest Expense	-5.21	3.79	9.50
NOPAT Less CapEx to Interest Expense	-3.84	7.31	6.54
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	20.68%

This table displays calculated financial ratios and metrics derived from Tactile Systems Technology's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	24.32%	19.72%	22.65%	14.58%	6.63%	5.08%	3.81%	7.14%	5.04%	10.22%
EBITDA Growth	-12.34%	128.22%	77.11%	190.74%	1,416.98%	39.50%	62.93%	172.20%	-2.87%	-14.40%
EBIT Growth	-58.44%	184.18%	68.75%	126.18%	421.94%	45.79%	41.47%	397.87%	-4.64%	-16.71%
NOPAT Growth	-18.51%	163.12%	74.46%	94.10%	2,171.14%	56.49%	22.12%	2,553.51%	-79.42%	13.77%
Net Income Growth	32.07%	161.65%	87.89%	97.84%	1,078.46%	77.49%	-17.13%	4,398.00%	-76.88%	18.46%
EPS Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	313.04%	-31.23%	84.34%	503.17%	81.72%	376.06%	284.06%	-5.51%	150.39%	-11.00%
Free Cash Flow Firm Growth	126.59%	118.15%	92.63%	96.31%	-102.91%	-146.44%	-139.14%	-236.91%	2,241.72%	423.83%
Invested Capital Growth	-17.45%	-7.07%	2.22%	1.56%	19.30%	11.60%	8.36%	8.81%	-7.36%	-9.27%
Revenue Q/Q Growth	9.42%	13.24%	-20.37%	16.13%	1.82%	11.59%	-21.33%	19.86%	-0.17%	17.09%
EBITDA Q/Q Growth	77.76%	1,701.43%	-137.30%	190.22%	222.80%	69.63%	-108.78%	762.55%	15.18%	49.49%
EBIT Q/Q Growth	49.44%	508.66%	-169.55%	125.42%	521.72%	85.06%	-123.88%	316.23%	19.08%	61.65%
NOPAT Q/Q Growth	60.36%	563.60%	-150.68%	93.67%	14,023.13%	-64.97%	-125.22%	299.48%	16.77%	93.67%
Net Income Q/Q Growth	50.88%	302.76%	-140.81%	94.70%	22,399.00%	-63.22%	-126.93%	294.57%	19.94%	88.48%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-2.26%	71.03%	-113.02%	2,870.72%	-70.55%	348.05%	-94.97%	1,322.29%	-21.96%	59.25%
Free Cash Flow Firm Q/Q Growth	143.32%	-39.69%	-136.60%	61.42%	65.77%	-861.10%	-88.43%	45.65%	317.60%	45.32%
Invested Capital Q/Q Growth	-1.75%	5.33%	2.50%	-4.26%	15.42%	-1.46%	-0.48%	-3.86%	-1.73%	-3.50%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	71.70%	70.50%	70.47%	70.68%	70.93%	72.13%	71.09%	73.89%	74.96%	75.21%
EBITDA Margin	-1.07%	15.19%	-5.39%	4.19%	13.27%	20.17%	-1.92%	10.63%	12.27%	15.66%
Operating Margin	-2.48%	10.62%	-6.47%	3.01%	11.48%	15.20%	-4.85%	7.99%	9.28%	14.62%
EBIT Margin	-3.61%	13.03%	-8.16%	1.79%	10.90%	18.08%	-4.60%	8.30%	9.90%	13.66%
Profit (Net Income) Margin	-3.49%	6.25%	-3.21%	-0.15%	32.05%	10.56%	-3.62%	5.87%	7.05%	11.35%
Tax Burden Percent	96.73%	66.97%	39.30%	-8.20%	293.99%	69.72%	78.64%	70.76%	71.27%	74.79%
Interest Burden Percent	100.00%	71.67%	100.00%	100.00%	100.00%	83.81%	100.00%	100.00%	100.00%	111.11%
Effective Tax Rate	0.00%	33.03%	0.00%	108.20%	-193.99%	30.28%	0.00%	29.24%	28.73%	25.21%
Return on Invested Capital (ROIC)	-2.94%	12.79%	-8.70%	-0.51%	66.38%	20.79%	-6.66%	11.75%	13.07%	22.77%
ROIC Less NNEP Spread (ROIC-NNEP)	-10.31%	7.67%	-59.33%	-1.40%	77.19%	20.93%	-6.26%	11.39%	12.44%	22.22%
Return on Net Nonoperating Assets (RNNOA)	-1.30%	0.76%	0.67%	0.08%	-5.71%	-2.34%	1.20%	-2.81%	-3.26%	-6.98%
Return on Equity (ROE)	-4.24%	13.56%	-8.03%	-0.43%	60.67%	18.44%	-5.45%	8.94%	9.81%	15.79%
Cash Return on Invested Capital (CROIC)	10.62%	0.82%	-3.06%	-0.26%	5.80%	12.35%	13.21%	15.69%	17.97%	21.10%
Operating Return on Assets (OROA)	-3.40%	12.88%	-8.26%	1.86%	10.89%	18.50%	-4.65%	8.45%	9.71%	13.82%
Return on Assets (ROA)	-3.29%	6.18%	-3.25%	-0.15%	32.02%	10.81%	-3.65%	5.98%	6.92%	11.48%
Return on Common Equity (ROCE)	-4.24%	13.56%	-8.03%	-0.43%	60.67%	18.44%	-5.45%	8.94%	9.81%	15.79%
Return on Equity Simple (ROE_SIMPLE)	-26.21%	0.00%	-2.68%	0.22%	13.64%	0.00%	14.57%	16.24%	7.43%	0.00%
Net Operating Profit after Tax (NOPAT)	-1.13	5.26	-2.66	-0.17	23	8.23	-2.07	4.14	4.83	9.36
NOPAT Margin	-1.74%	7.11%	-4.53%	-0.25%	33.75%	10.59%	-3.40%	5.65%	6.61%	10.94%
Net Nonoperating Expense Percent (NNEP)	7.37%	5.12%	50.63%	0.89%	-10.81%	-0.14%	-0.40%	0.36%	0.63%	0.55%
Return On Investment Capital (ROIC_SIMPLE)	-	3.09%	-	-	-	3.69%	-	-	-	3.86%
Cost of Revenue to Revenue	28.30%	29.50%	29.53%	29.32%	29.07%	27.87%	28.91%	26.11%	25.04%	24.79%
SG&A Expenses to Revenue	24.91%	18.17%	26.23%	21.94%	23.64%	19.57%	26.62%	22.92%	24.79%	23.34%
R&D to Revenue	2.42%	2.89%	3.79%	2.68%	2.82%	2.31%	3.51%	3.05%	3.31%	2.38%
Operating Expenses to Revenue	74.18%	59.87%	76.94%	67.66%	59.45%	56.93%	75.94%	65.90%	65.68%	60.59%
Earnings before Interest and Taxes (EBIT)	-2.36	9.63	-4.80	1.22	7.59	14	-2.81	6.07	7.23	12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.70	11	-3.17	2.86	9.23	16	-1.18	7.79	8.97	13
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.37	1.91	2.13	3.65	1.80	1.74	1.97	1.41	1.68	1.90
Price to Tangible Book Value (P/TBV)	4.90	5.79	4.40	7.32	3.17	2.90	3.27	2.27	2.63	2.88
Price to Revenue (P/Rev)	0.67	0.94	1.29	2.17	1.22	1.22	1.38	1.01	1.23	1.40
Price to Earnings (P/E)	0.00	0.00	0.00	1,627.18	13.22	11.78	13.54	8.71	22.67	24.24
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.06%	7.56%	8.49%	7.38%	11.49%	4.41%	4.13%
Enterprise Value to Invested Capital (EV/IC)	1.34	1.83	2.30	4.24	1.98	1.96	2.28	1.59	2.03	2.45
Enterprise Value to Revenue (EV/Rev)	0.72	0.98	1.21	2.07	1.10	1.06	1.21	0.80	0.99	1.12
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	211.43	73.49	17.02	11.79	13.79	7.67	9.70	11.33
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	570.20	27.19	16.07	18.87	9.91	12.62	14.80
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	332.78	9.20	8.89	11.18	6.86	18.87	20.50
Enterprise Value to Operating Cash Flow (EV/OCF)	24.13	46.49	39.41	28.19	13.88	8.09	8.99	6.14	6.58	8.08
Enterprise Value to Free Cash Flow (EV/FCFF)	11.39	214.05	0.00	0.00	37.12	16.78	17.98	10.55	10.84	11.06
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.43	0.40	0.31	0.30	0.25	0.15	0.15	0.14	0.13	0.12
Long-Term Debt to Equity	0.41	0.38	0.29	0.28	0.24	0.14	0.13	0.12	0.12	0.11
Financial Leverage	0.13	0.10	-0.01	-0.06	-0.07	-0.11	-0.19	-0.25	-0.26	-0.31
Leverage Ratio	2.02	2.00	1.88	1.87	1.82	1.70	1.57	1.54	1.49	1.41
Compound Leverage Factor	2.02	1.43	1.88	1.87	1.82	1.43	1.57	1.54	1.49	1.57
Debt to Total Capital	30.24%	28.70%	23.56%	22.99%	20.29%	13.08%	12.80%	12.11%	11.46%	10.78%
Short-Term Debt to Total Capital	1.81%	1.74%	1.45%	1.44%	1.29%	1.33%	1.33%	1.29%	1.26%	1.22%
Long-Term Debt to Total Capital	28.43%	26.96%	22.11%	21.55%	19.00%	11.75%	11.47%	10.82%	10.20%	9.56%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	69.76%	71.30%	76.44%	77.01%	79.71%	86.92%	87.20%	87.89%	88.54%	89.22%
Debt to EBITDA	-3.88	-7.54	32.63	6.33	2.67	1.19	1.17	0.95	0.93	0.90
Net Debt to EBITDA	-0.87	-1.67	-14.01	-3.88	-1.90	-1.88	-1.92	-2.04	-2.39	-2.85
Long-Term Debt to EBITDA	-3.65	-7.09	30.62	5.94	2.50	1.06	1.05	0.85	0.83	0.80
Debt to NOPAT	-4.21	-5.47	-41.35	28.67	1.44	0.89	0.95	0.85	1.81	1.63
Net Debt to NOPAT	-0.94	-1.21	17.75	-17.56	-1.03	-1.41	-1.56	-1.82	-4.65	-5.17
Long-Term Debt to NOPAT	-3.95	-5.14	-38.80	26.87	1.35	0.80	0.85	0.76	1.61	1.45
Altman Z-Score	1.83	2.34	2.90	4.39	3.28	3.97	4.46	3.87	4.36	4.87
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.10	1.86	2.83	3.08	3.33	3.54	4.26	4.44	4.37	4.36
Quick Ratio	1.62	1.44	2.33	2.53	2.71	2.88	3.49	3.77	3.66	3.78
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	25	15	-5.61	-2.16	-0.74	-7.11	-13	-7.29	16	23
Operating Cash Flow to CapEx	161.00%	7,867.35%	-208.30%	1,734.29%	1,075.07%	2,039.11%	191.70%	2,628.40%	1,079.58%	3,550.65%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.94	0.99	1.01	1.04	1.00	1.02	1.01	1.02	0.98	1.01
Accounts Receivable Turnover	4.88	4.73	5.32	5.57	5.66	5.60	6.05	6.36	6.80	6.65
Inventory Turnover	2.81	3.34	3.75	3.86	3.42	3.47	3.90	4.02	3.43	3.70
Fixed Asset Turnover	35.72	38.48	43.00	45.34	44.51	44.72	46.61	49.13	50.17	49.67
Accounts Payable Turnover	7.59	9.44	9.38	8.44	9.04	9.53	10.55	10.93	11.21	12.40
Days Sales Outstanding (DSO)	74.73	77.13	68.67	65.58	64.52	65.17	60.36	57.36	53.68	54.88
Days Inventory Outstanding (DIO)	129.70	109.13	97.30	94.63	106.86	105.07	93.71	90.87	106.26	98.53
Days Payable Outstanding (DPO)	48.07	38.68	38.90	43.24	40.37	38.31	34.58	33.39	32.57	29.44
Cash Conversion Cycle (CCC)	156.36	147.58	127.07	116.98	131.01	131.94	119.49	114.84	127.38	123.98
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	126	132	136	130	150	148	147	141	139	134
Invested Capital Turnover	1.69	1.80	1.92	2.07	1.97	1.96	1.96	2.08	1.98	2.08
Increase / (Decrease) in Invested Capital	-27	-10	2.94	1.99	24	15	11	11	-11	-14
Enterprise Value (EV)	168	242	312	550	297	290	335	224	281	328
Market Capitalization	157	231	333	579	330	336	382	284	350	411
Book Value per Share	$5.68	$6.02	$7.71	$6.83	$7.79	$8.24	$8.18	$8.45	$8.67	$9.03
Tangible Book Value per Share	$1.59	$1.98	$3.73	$3.41	$4.44	$4.93	$4.93	$5.25	$5.55	$5.95
Total Capital	164	170	204	206	229	223	222	228	235	243
Total Debt	50	49	48	47	47	29	28	28	27	26
Total Long-Term Debt	47	46	45	44	44	26	25	25	24	23
Net Debt	11	11	-21	-29	-33	-46	-47	-60	-69	-83
Capital Expenditures (CapEx)	1.40	0.05	0.24	0.80	0.38	0.90	0.48	0.50	0.95	0.46
Debt-free, Cash-free Net Working Capital (DFCFNWC)	26	20	28	28	29	32	36	33	32	31
Debt-free Net Working Capital (DFNWC)	64	58	97	104	109	107	111	121	128	140
Net Working Capital (NWC)	61	55	94	101	106	104	108	118	125	137
Net Nonoperating Expense (NNE)	1.15	0.64	-0.78	-0.07	1.19	0.03	0.13	-0.16	-0.32	-0.36
Net Nonoperating Obligations (NNO)	11	11	-21	-29	-33	-46	-47	-60	-69	-83
Total Depreciation and Amortization (D&A)	1.66	1.60	1.63	1.64	1.65	1.62	1.63	1.71	1.73	1.71
Debt-free, Cash-free Net Working Capital to Revenue	10.92%	8.24%	10.95%	10.35%	10.86%	11.65%	13.04%	11.88%	11.25%	10.55%
Debt-free Net Working Capital to Revenue	27.32%	23.66%	37.65%	39.05%	40.28%	39.06%	40.16%	42.84%	44.97%	47.72%
Net Working Capital to Revenue	26.06%	22.46%	36.49%	37.93%	39.19%	37.98%	39.09%	41.79%	43.93%	46.71%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	20.14M	20.07M	21.28M	23.35M	23.48M	22.93M	23.67M	23.87M	23.99M	23.88M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	20.14M	20.07M	21.28M	23.35M	23.85M	23.18M	23.67M	24.10M	24.25M	24.14M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	20.15M	20.25M	23.24M	23.46M	23.50M	23.60M	23.76M	23.97M	24.00M	23.59M
Normalized Net Operating Profit after Tax (NOPAT)	-1.13	5.26	-2.66	1.44	5.59	8.23	-2.07	4.14	4.83	9.36
Normalized NOPAT Margin	-1.74%	7.11%	-4.53%	2.11%	8.04%	10.59%	-3.40%	5.65%	6.61%	10.94%
Pre Tax Income Margin	-3.61%	9.34%	-8.16%	1.79%	10.90%	15.15%	-4.60%	8.30%	9.90%	15.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	20.68%

Frequently Asked Questions About Tactile Systems Technology's Financials

When does Tactile Systems Technology's financial year end?

According to the most recent income statement we have on file, Tactile Systems Technology's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Tactile Systems Technology's net income changed over the last 2 years?

Tactile Systems Technology's net income appears to be on an upward trend, with a most recent value of $16.96 million in 2024, falling from -$17.87 million in 2022. The previous period was $28.52 million in 2023.

What is Tactile Systems Technology's operating income?

Tactile Systems Technology's total operating income in 2024 was $22.18 million, based on the following breakdown:

Total Gross Profit: $216.69 million
Total Operating Expenses: $194.51 million

How has Tactile Systems Technology revenue changed over the last 2 years?

Over the last 2 years, Tactile Systems Technology's total revenue changed from $246.79 million in 2022 to $292.98 million in 2024, a change of 18.7%.

How much debt does Tactile Systems Technology have?

Tactile Systems Technology's total liabilities were at $81.33 million at the end of 2024, a 7.4% decrease from 2023, and a 39.1% decrease since 2022.

How much cash does Tactile Systems Technology have?

In the past 2 years, Tactile Systems Technology's cash and equivalents has ranged from $21.93 million in 2022 to $94.37 million in 2024, and is currently $94.37 million as of their latest financial filing in 2024.

How has Tactile Systems Technology's book value per share changed over the last 2 years?

Over the last 2 years, Tactile Systems Technology's book value per share changed from 6.02 in 2022 to 9.03 in 2024, a change of 49.8%.

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This page (NASDAQ:TCMD) was last updated on 4/30/2025 by MarketBeat.com Staff

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Tactile Systems Technology (TCMD) Financials

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Tactile Systems Technology (TCMD) Financials

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