Tile Shop (TTSH) Financials

$6.06 -0.10 (-1.62%)

Closing price 05/28/2025 04:00 PM Eastern

Extended Trading

$6.06 +0.00 (+0.02%)

As of 07:04 AM Eastern

Annual Income Statements for Tile Shop

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	2.32	10	16
Consolidated Net Income / (Loss)	2.32	10	16
Net Income / (Loss) Continuing Operations	2.32	10	16
Total Pre-Tax Income	3.24	14	21
Total Operating Income	3.52	16	23
Total Gross Profit	228	243	259
Total Revenue	347	377	395
Operating Revenue	347	377	395
Total Cost of Revenue	119	134	136
Operating Cost of Revenue	119	134	136
Total Operating Expenses	224	227	236
Selling, General & Admin Expense	224	227	236
Total Other Income / (Expense), net	-0.28	-2.16	-1.58
Interest Expense	0.28	2.16	1.58
Income Tax Expense	0.92	3.92	5.33
Basic Earnings per Share	$0.05	$0.23	$0.32
Weighted Average Basic Shares Outstanding	43.71M	43.42M	48.86M
Diluted Earnings per Share	$0.05	$0.23	$0.32
Weighted Average Diluted Shares Outstanding	43.85M	43.62M	49.25M
Weighted Average Basic & Diluted Shares Outstanding	44.66M	44.51M	44.36M

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-0.63	0.04	1.22	1.69	0.64	1.84	5.08	2.51	1.45	3.82
Consolidated Net Income / (Loss)	-0.63	0.04	1.22	1.69	0.64	1.84	5.08	2.51	1.45	3.82
Net Income / (Loss) Continuing Operations	-0.63	0.04	1.22	1.69	0.64	1.84	5.08	2.51	1.45	3.82
Total Pre-Tax Income	-0.85	0.18	1.79	2.12	1.23	2.38	7.07	3.33	1.80	5.18
Total Operating Income	-0.87	0.25	1.85	2.28	1.47	2.83	7.73	4.13	2.59	5.50
Total Gross Profit	51	56	60	60	55	60	63	66	56	65
Total Revenue	79	85	91	92	84	92	99	102	87	97
Operating Revenue	79	85	91	92	84	92	99	102	87	97
Total Cost of Revenue	28	28	31	31	30	33	35	36	31	33
Operating Cost of Revenue	28	28	31	31	30	33	35	36	31	33
Total Operating Expenses	52	56	58	58	53	57	56	61	54	59
Selling, General & Admin Expense	52	56	58	58	53	57	56	61	54	59
Total Other Income / (Expense), net	0.02	-0.07	-0.06	-0.17	-0.25	-0.45	-0.67	-0.80	-0.79	-0.32
Interest Expense	-0.02	0.07	0.06	0.17	0.25	0.45	0.67	0.80	0.79	0.32
Income Tax Expense	-0.22	0.14	0.58	0.43	0.59	0.53	1.99	0.82	0.35	1.36
Basic Earnings per Share	($0.02)	$0.00	$0.03	$0.04	$0.01	$0.04	$0.12	$0.06	$0.03	$0.08
Weighted Average Basic Shares Outstanding	43.71M	43.79M	43.69M	43.57M	43.42M	43.52M	43.36M	43.24M	48.86M	50.42M
Diluted Earnings per Share	($0.02)	$0.00	$0.03	$0.04	$0.01	$0.04	$0.12	$0.06	$0.04	$0.08
Weighted Average Diluted Shares Outstanding	43.85M	43.89M	43.76M	43.72M	43.62M	43.73M	43.51M	43.51M	49.25M	50.72M
Weighted Average Basic & Diluted Shares Outstanding	44.66M	44.66M	44.65M	44.53M	44.51M	44.53M	44.56M	44.61M	44.36M	44.36M

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	12	0.86	-2.25
Net Cash From Operating Activities	27	62	2.72
Net Cash From Continuing Operating Activities	27	62	2.72
Net Income / (Loss) Continuing Operations	2.32	10	16
Consolidated Net Income / (Loss)	2.32	10	16
Depreciation Expense	18	21	25
Amortization Expense	0.07	0.26	0.43
Non-Cash Adjustments To Reconcile Net Income	29	28	28
Changes in Operating Assets and Liabilities, net	-22	2.25	-67
Net Cash From Investing Activities	-14	-15	-14
Net Cash From Continuing Investing Activities	-14	-15	-14
Purchase of Property, Plant & Equipment	-15	-15	-14
Sale of Property, Plant & Equipment	0.10	0.06	0.00
Other Investing Activities, net	0.10	0.00	0.00
Net Cash From Financing Activities	-0.50	-46	9.11
Net Cash From Continuing Financing Activities	-0.50	-46	9.11
Repayment of Debt	-10	-65	-50
Repurchase of Common Equity	0.00	0.00	-30
Issuance of Debt	10	20	90
Other Financing Activities, net	-0.50	-0.53	-0.76
Other Net Changes in Cash	0.07	-0.02	-0.06
Cash Interest Paid	0.31	2.08	1.26
Cash Income Taxes Paid	2.35	-2.22	2.23

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

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-4.10	-0.28	1.31	15	-8.41	1.78	5.86	1.63	-7.80	4.39
Net Cash From Operating Activities	-1.40	5.06	4.86	19	5.89	15	16	26	-4.47	-2.04
Net Cash From Continuing Operating Activities	-1.40	5.06	4.86	19	5.89	15	16	26	-4.47	-2.04
Net Income / (Loss) Continuing Operations	-0.63	0.04	1.22	1.69	0.64	1.84	5.08	2.51	1.45	3.82
Consolidated Net Income / (Loss)	-0.63	0.04	1.22	1.69	0.64	1.84	5.08	2.51	1.45	3.82
Depreciation Expense	3.96	4.46	4.60	4.74	4.84	5.06	5.55	5.78	6.13	6.16
Amortization Expense	0.02	0.02	0.02	0.02	0.06	0.06	0.07	0.06	0.06	0.21
Non-Cash Adjustments To Reconcile Net Income	7.02	7.03	7.92	7.14	7.05	6.85	7.44	6.91	7.00	6.97
Changes in Operating Assets and Liabilities, net	-12	-6.48	-8.90	5.01	-6.70	0.91	-2.52	11	-19	-19
Net Cash From Investing Activities	-2.68	-5.40	-3.54	-2.72	-4.27	-2.91	-4.71	-3.37	-3.69	-2.98
Net Cash From Continuing Investing Activities	-2.68	-5.40	-3.54	-2.72	-4.27	-2.91	-4.71	-3.37	-3.69	-2.98
Purchase of Property, Plant & Equipment	-2.78	-5.50	-3.54	-2.72	-4.27	-2.97	-4.71	-3.37	-3.69	-2.98
Sale of Property, Plant & Equipment	0.10	-	-	-	-	-	-	-	-	-
Net Cash From Financing Activities	-0.02	-0.02	-0.01	-0.46	-10	-10	-5.02	-21	0.34	9.45
Net Cash From Continuing Financing Activities	-0.02	-0.02	-0.01	-0.46	-10	-10	-5.02	-21	0.34	9.45
Other Financing Activities, net	-0.02	-0.02	-0.01	-0.46	-0.04	-0.04	-0.02	-0.43	-0.03	-0.05
Cash Interest Paid	0.08	0.06	0.04	0.13	0.12	0.38	0.62	0.96	0.38	0.34
Cash Income Taxes Paid	-0.00	0.01	2.35	0.00	0.05	0.01	2.01	-4.28	-2.69	0.09

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	320	317	346
Total Current Assets	120	115	146
Cash & Equivalents	21	8.62	5.95
Restricted Cash	0.00	0.00	1.81
Accounts Receivable	3.09	2.88	3.41
Inventories, net	86	94	121
Current Deferred & Refundable Income Taxes	0.85	0.13	3.86
Other Current Assets	8.66	9.25	10
Plant, Property, & Equipment, net	60	64	71
Total Noncurrent Assets	140	138	128
Noncurrent Deferred & Refundable Income Taxes	4.89	5.26	6.54
Other Noncurrent Operating Assets	135	133	122
Total Liabilities & Shareholders' Equity	320	317	346
Total Liabilities	197	197	237
Total Current Liabilities	78	79	83
Accounts Payable	24	23	24
Accrued Expenses	26	27	32
Current Deferred & Payable Income Tax Liabilities	0.06	1.14	0.00
Other Current Liabilities	29	27	-
Total Noncurrent Liabilities	118	118	154
Long-Term Debt	0.00	0.00	45
Other Noncurrent Operating Liabilities	118	118	5.01
Total Equity & Noncontrolling Interests	123	120	109
Total Preferred & Common Equity	123	120	109
Preferred Stock	0.00	0.00	0.00
Total Common Equity	123	120	109
Common Stock	130	129	128
Retained Earnings	-6.79	-9.11	-19
Accumulated Other Comprehensive Income / (Loss)	0.00	-0.07	-0.05

This table presents Tile Shop'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 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	321	322	326	323	325	335	361
Total Current Assets	123	125	127	130	136	139	153
Cash & Equivalents	25	25	24	16	15	8.62	12
Restricted Cash	0.00	0.00	0.00	0.66	0.66	0.77	3.13
Accounts Receivable	3.27	3.65	3.94	3.50	3.87	3.82	4.10
Inventories, net	85	86	89	99	107	115	121
Current Deferred & Refundable Income Taxes	1.11	1.42	0.13	0.44	0.88	0.10	0.11
Other Current Assets	9.20	8.50	9.74	10	9.01	10	12
Plant, Property, & Equipment, net	61	60	62	65	67	68	73
Total Noncurrent Assets	137	137	137	128	123	127	135
Noncurrent Deferred & Refundable Income Taxes	4.43	4.26	4.97	4.47	4.53	5.94	16
Other Noncurrent Operating Assets	132	133	132	123	118	121	119
Total Liabilities & Shareholders' Equity	321	322	326	323	325	335	361
Total Liabilities	197	200	205	204	209	223	239
Total Current Liabilities	81	82	88	86	86	91	103
Accounts Payable	21	22	24	26	24	26	33
Accrued Expenses	31	31	34	33	34	38	40
Current Deferred & Payable Income Tax Liabilities	0.08	0.08	1.28	0.11	0.09	0.74	2.37
Other Current Liabilities	29	29	-	-	27	27	28
Total Noncurrent Liabilities	116	117	117	118	123	132	136
Long-Term Debt	0.00	0.00	0.00	10	20	25	30
Other Noncurrent Operating Liabilities	116	117	5.02	3.84	103	107	106
Total Equity & Noncontrolling Interests	123	123	121	119	117	111	122
Total Preferred & Common Equity	123	123	121	119	117	111	122
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	123	123	121	119	117	111	122
Common Stock	129	129	129	129	128	128	128
Retained Earnings	-6.16	-6.20	-7.42	-9.75	-12	-17	-6.01
Accumulated Other Comprehensive Income / (Loss)	0.00	-0.08	-0.08	-0.09	-0.08	-0.05	-0.08

This table displays calculated financial ratios and metrics derived from Tile Shop's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-7.97%	-4.45%	6.47%
EBITDA Growth	-43.29%	-21.86%	-0.24%
EBIT Growth	-78.23%	-28.53%	9.70%
NOPAT Growth	-78.35%	-31.12%	10.63%
Net Income Growth	-76.95%	-35.87%	6.29%
EPS Growth	-78.26%	-28.13%	10.34%
Operating Cash Flow Growth	-56.32%	2,185.82%	-93.16%
Free Cash Flow Firm Growth	-93.47%	224.14%	-634.81%
Invested Capital Growth	-8.20%	-59.99%	136.86%
Revenue Q/Q Growth	-1.42%	-0.79%	-0.68%
EBITDA Q/Q Growth	-13.25%	-6.04%	-1.33%
EBIT Q/Q Growth	-39.92%	-6.49%	-1.47%
NOPAT Q/Q Growth	-36.23%	-9.96%	0.89%
Net Income Q/Q Growth	-35.26%	-7.50%	-2.21%
EPS Q/Q Growth	-37.50%	-11.54%	0.00%
Operating Cash Flow Q/Q Growth	-21.20%	20.03%	9.21%
Free Cash Flow Firm Q/Q Growth	-92.17%	291.12%	-1,127.90%
Invested Capital Q/Q Growth	3.85%	-54.24%	103.27%
Profitability Metrics	-	-	-
Gross Margin	65.66%	64.45%	65.60%
EBITDA Margin	6.15%	9.98%	12.21%
Operating Margin	1.01%	4.28%	5.73%
EBIT Margin	1.01%	4.28%	5.73%
Profit (Net Income) Margin	0.67%	2.67%	3.98%
Tax Burden Percent	71.59%	71.97%	74.67%
Interest Burden Percent	92.18%	86.61%	93.02%
Effective Tax Rate	28.41%	28.03%	25.33%
Return on Invested Capital (ROIC)	2.36%	5.98%	8.55%
ROIC Less NNEP Spread (ROIC-NNEP)	3.70%	4.04%	7.11%
Return on Net Nonoperating Assets (RNNOA)	-0.45%	2.83%	5.04%
Return on Equity (ROE)	1.91%	8.82%	13.60%
Cash Return on Invested Capital (CROIC)	10.92%	91.69%	-72.71%
Operating Return on Assets (OROA)	1.11%	4.88%	6.59%
Return on Assets (ROA)	0.73%	3.04%	4.57%
Return on Common Equity (ROCE)	1.91%	8.82%	13.60%
Return on Equity Simple (ROE_SIMPLE)	1.89%	8.41%	14.44%
Net Operating Profit after Tax (NOPAT)	2.52	12	17
NOPAT Margin	0.73%	3.08%	4.28%
Net Nonoperating Expense Percent (NNEP)	-1.33%	1.94%	1.44%
Return On Investment Capital (ROIC_SIMPLE)	2.05%	9.72%	5.92%
Cost of Revenue to Revenue	34.34%	35.55%	34.40%
SG&A Expenses to Revenue	64.64%	60.16%	59.88%
R&D to Revenue	0.00%	0.00%	0.00%
Operating Expenses to Revenue	64.64%	60.16%	59.88%
Earnings before Interest and Taxes (EBIT)	3.52	16	23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	21	38	48
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.52	2.74	1.79
Price to Tangible Book Value (P/TBV)	2.52	2.74	1.79
Price to Revenue (P/Rev)	0.89	0.87	0.49
Price to Earnings (P/E)	133.34	32.54	12.37
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.75%	3.07%	8.08%
Enterprise Value to Invested Capital (EV/IC)	2.83	2.87	1.31
Enterprise Value to Revenue (EV/Rev)	0.83	0.85	0.92
Enterprise Value to EBITDA (EV/EBITDA)	13.52	8.48	7.54
Enterprise Value to EBIT (EV/EBIT)	82.04	19.75	16.06
Enterprise Value to NOPAT (EV/NOPAT)	114.59	27.44	21.51
Enterprise Value to Operating Cash Flow (EV/OCF)	10.64	5.14	133.76
Enterprise Value to Free Cash Flow (EV/FCFF)	24.81	1.79	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	1.62
Long-Term Debt to Equity	0.00	0.00	1.37
Financial Leverage	-0.12	0.70	0.71
Leverage Ratio	2.62	2.90	2.97
Compound Leverage Factor	2.42	2.51	2.76
Debt to Total Capital	0.00%	0.00%	61.89%
Short-Term Debt to Total Capital	0.00%	0.00%	9.76%
Long-Term Debt to Total Capital	0.00%	0.00%	52.12%
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	100.00%	100.00%	38.11%
Debt to EBITDA	0.00	0.00	3.67
Net Debt to EBITDA	0.00	0.00	3.50
Long-Term Debt to EBITDA	0.00	0.00	3.09
Debt to NOPAT	0.00	0.00	10.46
Net Debt to NOPAT	0.00	0.00	10.00
Long-Term Debt to NOPAT	0.00	0.00	8.81
Altman Z-Score	2.19	2.45	1.99
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.53	1.45	1.76
Quick Ratio	0.31	0.15	0.11
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	12	178	-144
Operating Cash Flow to CapEx	187.77%	406.82%	19.36%
Free Cash Flow to Firm to Interest Expense	42.29	82.34	-90.90
Operating Cash Flow to Interest Expense	98.57	28.68	1.72
Operating Cash Flow Less CapEx to Interest Expense	46.08	21.63	-7.16
Efficiency Ratios	-	-	-
Asset Turnover	1.09	1.14	1.15
Accounts Receivable Turnover	116.33	119.86	119.37
Inventory Turnover	1.32	1.25	1.24
Fixed Asset Turnover	5.60	5.57	5.15
Accounts Payable Turnover	5.06	5.72	4.99
Days Sales Outstanding (DSO)	3.14	3.05	3.06
Days Inventory Outstanding (DIO)	275.51	292.13	293.21
Days Payable Outstanding (DPO)	72.20	63.77	73.11
Cash Conversion Cycle (CCC)	206.45	231.41	223.16
Capital & Investment Metrics	-	-	-
Invested Capital	102	111	278
Invested Capital Turnover	3.26	1.94	2.00
Increase / (Decrease) in Invested Capital	-9.11	-167	160
Enterprise Value (EV)	289	319	363
Market Capitalization	309	328	194
Book Value per Share	$2.75	$2.69	$2.45
Tangible Book Value per Share	$2.75	$2.69	$2.45
Total Capital	123	120	285
Total Debt	0.00	0.00	177
Total Long-Term Debt	0.00	0.00	149
Net Debt	-21	-8.62	169
Capital Expenditures (CapEx)	14	15	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	20	27	83
Debt-free Net Working Capital (DFNWC)	41	36	91
Net Working Capital (NWC)	41	36	63
Net Nonoperating Expense (NNE)	0.20	1.56	1.18
Net Nonoperating Obligations (NNO)	-21	-8.62	169
Total Depreciation and Amortization (D&A)	18	21	26
Debt-free, Cash-free Net Working Capital to Revenue	5.90%	7.21%	21.08%
Debt-free Net Working Capital to Revenue	11.94%	9.50%	23.05%
Net Working Capital to Revenue	11.94%	9.50%	15.99%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.05	$0.23	$0.00
Adjusted Weighted Average Basic Shares Outstanding	43.71M	43.42M	0.00
Adjusted Diluted Earnings per Share	$0.05	$0.23	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	43.85M	43.62M	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	44.66M	44.51M	0.00
Normalized Net Operating Profit after Tax (NOPAT)	2.52	12	17
Normalized NOPAT Margin	0.73%	3.08%	4.28%
Pre Tax Income Margin	0.93%	3.71%	5.33%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	12.79	7.47	14.32
NOPAT to Interest Expense	9.16	5.37	10.69
EBIT Less CapEx to Interest Expense	-39.71	0.42	5.44
NOPAT Less CapEx to Interest Expense	-43.34	-1.68	1.81
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	192.14%

This table displays calculated financial ratios and metrics derived from Tile Shop's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-5.92%	-8.26%	-7.28%	-10.09%	-3.45%	-5.19%	-8.41%	-0.44%	-3.01%	5.33%
EBITDA Growth	-51.20%	-40.59%	-51.52%	-29.37%	-27.52%	-32.96%	-17.96%	-11.39%	-6.90%	19.58%
EBIT Growth	-158.98%	-91.16%	-76.07%	-44.65%	-43.29%	-48.59%	-20.90%	-12.90%	-11.54%	74.26%
NOPAT Growth	-179.52%	-97.39%	-77.38%	-41.52%	-63.54%	-45.90%	-21.25%	-16.32%	10.30%	74.53%
Net Income Growth	-198.74%	-97.78%	-76.00%	-32.76%	-56.23%	-51.77%	-26.54%	-28.49%	-19.64%	75.77%
EPS Growth	-300.00%	-100.00%	-75.00%	-33.33%	-75.00%	-50.00%	-7.69%	-14.29%	0.00%	100.00%
Operating Cash Flow Growth	-123.85%	-65.66%	-68.86%	-28.01%	231.72%	822.96%	882.76%	238.25%	4.87%	-184.74%
Free Cash Flow Firm Growth	-94.92%	239.11%	127.71%	-1,398.75%	205.69%	-326.67%	175.05%	-44.17%	-1,274.77%	-185.18%
Invested Capital Growth	-8.20%	-59.55%	-19.69%	87.01%	-59.99%	77.72%	-4.32%	8.89%	136.86%	26.28%
Revenue Q/Q Growth	-5.98%	-7.53%	-0.38%	8.61%	-8.31%	-6.54%	-3.39%	16.63%	-9.96%	-9.71%
EBITDA Q/Q Growth	-34.24%	-26.97%	-8.12%	10.58%	-19.94%	-40.40%	33.85%	13.49%	-25.95%	-27.07%
EBIT Q/Q Growth	-446.80%	-86.49%	-18.92%	55.31%	-48.04%	-63.42%	87.49%	59.14%	-52.90%	-43.72%
NOPAT Q/Q Growth	-1,159.85%	-95.45%	-30.95%	138.66%	-65.24%	-60.51%	78.49%	48.77%	-48.41%	-42.51%
Net Income Q/Q Growth	-1,631.71%	-96.64%	-27.83%	165.57%	-65.51%	-63.69%	102.19%	72.88%	-61.99%	-44.71%
EPS Q/Q Growth	0.00%	-100.00%	-25.00%	300.00%	-75.00%	-66.67%	100.00%	50.00%	-50.00%	-38.46%
Operating Cash Flow Q/Q Growth	-127.75%	4.03%	-73.84%	215.71%	-60.04%	-5.65%	-39.52%	677.67%	-119.33%	-228.26%
Free Cash Flow Firm Q/Q Growth	-94.12%	475.03%	123.16%	-164.89%	260.96%	-1,041.24%	252.45%	95.42%	-549.84%	-65.57%
Invested Capital Q/Q Growth	3.85%	0.74%	-58.93%	113.63%	-54.24%	100.04%	-4.36%	-54.30%	103.27%	7.69%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	64.18%	66.54%	66.02%	65.76%	64.72%	64.66%	64.23%	64.24%	64.55%	66.50%
EBITDA Margin	3.91%	5.59%	7.08%	7.68%	7.54%	8.64%	13.54%	9.77%	10.05%	12.21%
Operating Margin	-1.09%	0.30%	2.03%	2.49%	1.74%	3.07%	7.85%	4.04%	2.96%	5.66%
EBIT Margin	-1.09%	0.30%	2.03%	2.49%	1.74%	3.07%	7.85%	4.04%	2.96%	5.66%
Profit (Net Income) Margin	-0.79%	0.05%	1.33%	1.84%	0.75%	2.00%	5.15%	2.46%	1.66%	3.94%
Tax Burden Percent	74.06%	22.91%	67.95%	79.78%	51.92%	77.61%	71.88%	75.50%	80.77%	73.75%
Interest Burden Percent	97.81%	71.60%	96.92%	92.73%	83.33%	83.99%	91.36%	80.65%	69.41%	94.20%
Effective Tax Rate	0.00%	77.10%	32.05%	20.22%	48.08%	22.39%	28.12%	24.50%	19.23%	26.25%
Return on Invested Capital (ROIC)	-2.49%	0.14%	4.53%	4.00%	1.75%	4.78%	17.51%	9.89%	4.78%	13.57%
ROIC Less NNEP Spread (ROIC-NNEP)	-2.35%	0.11%	4.90%	3.80%	1.59%	4.27%	85.71%	-8.65%	4.00%	15.13%
Return on Net Nonoperating Assets (RNNOA)	0.29%	0.04%	-0.42%	2.15%	1.12%	2.47%	-0.48%	-0.24%	2.84%	-1.66%
Return on Equity (ROE)	-2.20%	0.18%	4.10%	6.15%	2.87%	7.24%	17.03%	9.65%	7.62%	11.91%
Cash Return on Invested Capital (CROIC)	10.92%	87.12%	27.37%	-54.95%	91.69%	-49.16%	16.33%	4.85%	-72.71%	-9.55%
Operating Return on Assets (OROA)	-1.19%	0.32%	2.25%	2.76%	1.98%	3.42%	9.01%	4.71%	3.41%	6.24%
Return on Assets (ROA)	-0.86%	0.05%	1.48%	2.05%	0.86%	2.23%	5.92%	2.87%	1.91%	4.33%
Return on Common Equity (ROCE)	-2.20%	0.18%	4.10%	6.15%	2.87%	7.24%	17.03%	9.65%	7.62%	11.91%
Return on Equity Simple (ROE_SIMPLE)	0.00%	2.91%	4.39%	7.62%	0.00%	9.17%	11.04%	13.21%	0.00%	13.19%
Net Operating Profit after Tax (NOPAT)	-0.61	0.06	1.26	1.82	0.76	2.20	5.56	3.11	2.09	4.06
NOPAT Margin	-0.76%	0.07%	1.38%	1.99%	0.90%	2.38%	5.64%	3.05%	2.39%	4.18%
Net Nonoperating Expense Percent (NNEP)	-0.14%	0.03%	-0.38%	0.20%	0.16%	0.51%	-68.20%	18.54%	0.78%	-1.56%
Return On Investment Capital (ROIC_SIMPLE)	-0.49%	-	-	-	0.64%	-	-	-	0.73%	-
Cost of Revenue to Revenue	35.82%	33.46%	33.98%	34.24%	35.28%	35.34%	35.77%	35.76%	35.45%	33.50%
SG&A Expenses to Revenue	65.27%	66.24%	63.99%	63.27%	62.98%	61.59%	56.38%	60.20%	61.58%	60.84%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	65.27%	66.24%	63.99%	63.27%	62.98%	61.59%	56.38%	60.20%	61.58%	60.84%
Earnings before Interest and Taxes (EBIT)	-0.87	0.25	1.85	2.28	1.47	2.83	7.73	4.13	2.59	5.50
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3.11	4.73	6.47	7.04	6.37	7.96	13	9.97	8.79	12
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.52	2.39	2.51	2.58	2.74	2.06	2.12	1.87	1.79	1.51
Price to Tangible Book Value (P/TBV)	2.52	2.39	2.51	2.58	2.74	2.06	2.12	1.87	1.79	1.51
Price to Revenue (P/Rev)	0.89	0.84	0.86	0.85	0.87	0.64	0.64	0.53	0.49	0.46
Price to Earnings (P/E)	133.34	82.08	57.27	33.84	32.54	22.47	19.21	14.15	12.37	11.46
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	18.47%
Earnings Yield	0.75%	1.22%	1.75%	2.96%	3.07%	4.45%	5.21%	7.07%	8.08%	8.73%
Enterprise Value to Invested Capital (EV/IC)	2.83	2.74	2.91	1.81	2.87	1.52	2.08	1.76	1.31	1.46
Enterprise Value to Revenue (EV/Rev)	0.83	0.76	0.79	1.17	0.85	0.97	0.65	0.57	0.92	0.50
Enterprise Value to EBITDA (EV/EBITDA)	13.52	10.94	10.17	12.35	8.48	9.20	5.73	4.77	7.54	4.07
Enterprise Value to EBIT (EV/EBIT)	82.04	45.98	33.59	29.96	19.75	21.33	12.62	10.17	16.06	8.66
Enterprise Value to NOPAT (EV/NOPAT)	114.59	68.17	46.83	41.41	27.44	28.54	17.05	13.75	21.51	11.88
Enterprise Value to Operating Cash Flow (EV/OCF)	10.64	7.83	6.43	7.82	5.14	7.13	7.21	10.70	133.76	79.96
Enterprise Value to Free Cash Flow (EV/FCFF)	24.81	1.81	9.46	0.00	1.79	0.00	12.43	37.89	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	1.15	0.00	1.19	0.17	0.22	1.62	0.25
Long-Term Debt to Equity	0.00	0.00	0.00	0.92	0.00	0.96	0.17	0.22	1.37	0.25
Financial Leverage	-0.12	0.41	-0.09	0.57	0.70	0.58	-0.01	0.03	0.71	-0.11
Leverage Ratio	2.62	2.66	2.71	2.84	2.90	2.84	2.69	2.86	2.97	2.63
Compound Leverage Factor	2.57	1.90	2.62	2.63	2.42	2.39	2.46	2.31	2.06	2.47
Debt to Total Capital	0.00%	0.00%	0.00%	53.58%	0.00%	54.28%	14.64%	18.35%	61.89%	19.98%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	10.75%	0.00%	10.48%	0.00%	0.00%	9.76%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	42.83%	0.00%	43.81%	14.64%	18.35%	52.12%	19.98%
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	100.00%	100.00%	100.00%	46.42%	100.00%	45.72%	85.36%	81.65%	38.11%	80.02%
Debt to EBITDA	0.00	0.00	0.00	4.03	0.00	3.52	0.45	0.53	3.67	0.62
Net Debt to EBITDA	0.00	0.00	0.00	3.34	0.00	3.09	0.11	0.33	3.50	0.30
Long-Term Debt to EBITDA	0.00	0.00	0.00	3.22	0.00	2.84	0.45	0.53	3.09	0.62
Debt to NOPAT	0.00	0.00	0.00	13.52	0.00	10.92	1.35	1.54	10.46	1.82
Net Debt to NOPAT	0.00	0.00	0.00	11.20	0.00	9.60	0.32	0.96	10.00	0.89
Long-Term Debt to NOPAT	0.00	0.00	0.00	10.81	0.00	8.81	1.35	1.54	8.81	1.82
Altman Z-Score	2.15	2.12	2.20	2.18	2.30	2.05	2.11	1.88	1.80	1.75
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	1.53	1.52	1.52	1.44	1.45	1.51	1.59	1.53	1.76	1.48
Quick Ratio	0.31	0.35	0.35	0.32	0.15	0.23	0.22	0.14	0.11	0.16
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	8.51	145	25	-109	167	-104	11	-7.24	-158	-24
Operating Cash Flow to CapEx	-52.49%	91.92%	137.45%	683.67%	137.99%	496.09%	331.62%	766.91%	-121.24%	-68.41%
Free Cash Flow to Firm to Interest Expense	0.00	2,036.79	441.21	-654.08	682.96	-229.48	16.53	-9.08	-199.65	-76.38
Operating Cash Flow to Interest Expense	0.00	71.25	85.32	111.98	24.03	32.53	23.38	32.36	-5.64	-6.39
Operating Cash Flow Less CapEx to Interest Expense	0.00	-6.27	23.25	95.60	6.62	25.97	16.33	28.14	-10.29	-15.73
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.09	1.09	1.11	1.11	1.14	1.11	1.15	1.16	1.15	1.10
Accounts Receivable Turnover	116.33	104.07	95.60	94.57	119.86	99.98	95.64	107.50	119.37	106.90
Inventory Turnover	1.32	1.32	1.29	1.26	1.25	1.23	1.25	1.24	1.24	1.37
Fixed Asset Turnover	5.60	5.59	5.67	5.61	5.57	5.49	5.37	5.34	5.15	4.96
Accounts Payable Turnover	5.06	5.06	5.39	5.18	5.72	4.58	4.96	5.05	4.99	5.18
Days Sales Outstanding (DSO)	3.14	3.51	3.82	3.86	3.05	3.65	3.82	3.40	3.06	3.41
Days Inventory Outstanding (DIO)	275.51	277.43	282.11	289.02	292.13	297.01	292.59	294.12	293.21	267.18
Days Payable Outstanding (DPO)	72.20	72.10	67.71	70.48	63.77	79.66	73.54	72.30	73.11	70.45
Cash Conversion Cycle (CCC)	206.45	208.84	218.22	222.40	231.41	221.00	222.87	225.22	223.16	200.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	102	98	97	237	111	243	121	127	278	137
Invested Capital Turnover	3.26	2.07	3.29	2.01	1.94	2.00	3.10	3.24	2.00	3.25
Increase / (Decrease) in Invested Capital	-9.11	-145	-24	110	-167	106	-5.49	10	160	28
Enterprise Value (EV)	289	269	283	429	319	369	252	224	363	199
Market Capitalization	309	294	309	313	328	245	247	208	194	184
Book Value per Share	$2.75	$2.76	$2.76	$2.73	$2.69	$2.67	$2.61	$2.51	$2.45	$2.33
Tangible Book Value per Share	$2.75	$2.76	$2.76	$2.73	$2.69	$2.67	$2.61	$2.51	$2.45	$2.33
Total Capital	123	123	123	261	120	260	137	136	285	152
Total Debt	0.00	0.00	0.00	140	0.00	141	20	25	177	30
Total Long-Term Debt	0.00	0.00	0.00	112	0.00	114	20	25	149	30
Net Debt	-21	-25	-25	116	-8.62	124	4.75	16	169	15
Capital Expenditures (CapEx)	2.68	5.50	3.54	2.72	4.27	2.97	4.71	3.37	3.69	2.98
Debt-free, Cash-free Net Working Capital (DFCFNWC)	20	17	18	43	27	54	35	39	83	34
Debt-free Net Working Capital (DFNWC)	41	42	43	67	36	71	50	48	91	50
Net Working Capital (NWC)	41	42	43	39	36	44	50	48	63	50
Net Nonoperating Expense (NNE)	0.02	0.02	0.04	0.13	0.13	0.35	0.48	0.60	0.64	0.24
Net Nonoperating Obligations (NNO)	-21	-25	-25	116	-8.62	124	4.75	16	169	15
Total Depreciation and Amortization (D&A)	3.98	4.48	4.62	4.76	4.90	5.13	5.61	5.85	6.20	6.36
Debt-free, Cash-free Net Working Capital to Revenue	5.90%	4.83%	4.90%	11.73%	7.21%	14.17%	9.11%	9.81%	21.08%	8.60%
Debt-free Net Working Capital to Revenue	11.94%	11.95%	11.94%	18.28%	9.50%	18.65%	13.07%	12.20%	23.05%	12.51%
Net Working Capital to Revenue	11.94%	11.95%	11.94%	10.63%	9.50%	11.49%	13.07%	12.20%	15.99%	12.51%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.02)	$0.00	$0.03	$0.04	$0.01	$0.04	$0.12	$0.06	$0.03	$0.08
Adjusted Weighted Average Basic Shares Outstanding	43.71M	43.79M	43.69M	43.57M	43.42M	43.52M	43.36M	43.24M	48.86M	50.42M
Adjusted Diluted Earnings per Share	($0.02)	$0.00	$0.03	$0.04	$0.01	$0.04	$0.12	$0.06	$0.04	$0.08
Adjusted Weighted Average Diluted Shares Outstanding	43.85M	43.89M	43.76M	43.72M	43.62M	43.73M	43.51M	43.51M	49.25M	50.72M
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	44.66M	44.66M	44.65M	44.53M	44.51M	44.53M	44.56M	44.61M	44.36M	44.36M
Normalized Net Operating Profit after Tax (NOPAT)	-0.61	0.18	1.26	1.82	0.76	2.20	5.56	3.11	2.09	4.06
Normalized NOPAT Margin	-0.76%	0.21%	1.38%	1.99%	0.90%	2.38%	5.64%	3.05%	2.39%	4.18%
Pre Tax Income Margin	-1.07%	0.21%	1.96%	2.31%	1.45%	2.58%	7.17%	3.26%	2.06%	5.34%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	3.52	32.47	13.75	6.00	6.25	11.58	5.17	3.27	17.25
NOPAT to Interest Expense	0.00	0.81	22.07	10.97	3.12	4.85	8.32	3.90	2.64	12.72
EBIT Less CapEx to Interest Expense	0.00	-74.00	-29.60	-2.63	-11.42	-0.31	4.53	0.95	-1.38	7.91
NOPAT Less CapEx to Interest Expense	0.00	-76.71	-40.00	-5.41	-14.30	-1.71	1.27	-0.32	-2.01	3.38
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%	192.14%	96.81%

Frequently Asked Questions About Tile Shop's Financials

When does Tile Shop's financial year end?

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

How has Tile Shop's net income changed over the last 2 years?

Tile Shop's net income appears to be on a downward trend, with a most recent value of $2.32 million in 2024, falling from $15.70 million in 2022. The previous period was $10.07 million in 2023.

What is Tile Shop's operating income?

Tile Shop's total operating income in 2024 was $3.52 million, based on the following breakdown:

Total Gross Profit: $227.87 million
Total Operating Expenses: $224.36 million

How has Tile Shop revenue changed over the last 2 years?

Over the last 2 years, Tile Shop's total revenue changed from $394.70 million in 2022 to $347.07 million in 2024, a change of -12.1%.

How much debt does Tile Shop have?

Tile Shop's total liabilities were at $196.69 million at the end of 2024, a 0.1% decrease from 2023, and a 17.0% decrease since 2022.

How much cash does Tile Shop have?

In the past 2 years, Tile Shop's cash and equivalents has ranged from $5.95 million in 2022 to $20.96 million in 2024, and is currently $20.96 million as of their latest financial filing in 2024.

How has Tile Shop's book value per share changed over the last 2 years?

Over the last 2 years, Tile Shop's book value per share changed from 2.45 in 2022 to 2.75 in 2024, a change of 12.3%.

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This page (NASDAQ:TTSH) was last updated on 5/29/2025 by MarketBeat.com Staff

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Tile Shop (TTSH) Financials

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Tile Shop (TTSH) Financials

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