Tile Shop (TTSH) Financials

$5.63 -0.03 (-0.53%)

Closing price 04:00 PM Eastern

Extended Trading

$5.60 -0.02 (-0.44%)

As of 04:05 PM 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	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	16	10	2.32
Consolidated Net Income / (Loss)	16	10	2.32
Net Income / (Loss) Continuing Operations	16	10	2.32
Total Pre-Tax Income	21	14	3.24
Total Operating Income	23	16	3.52
Total Gross Profit	259	243	228
Total Revenue	395	377	347
Operating Revenue	395	377	347
Total Cost of Revenue	136	134	119
Operating Cost of Revenue	136	134	119
Total Operating Expenses	236	227	224
Selling, General & Admin Expense	236	227	224
Total Other Income / (Expense), net	-1.58	-2.16	-0.28
Interest Expense	1.58	2.16	0.28
Income Tax Expense	5.33	3.92	0.92
Basic Earnings per Share	$0.32	$0.23	$0.05
Weighted Average Basic Shares Outstanding	48.86M	43.42M	43.71M
Diluted Earnings per Share	$0.32	$0.23	$0.05
Weighted Average Diluted Shares Outstanding	49.25M	43.62M	43.85M
Weighted Average Basic & Diluted Shares Outstanding	44.36M	44.51M	44.66M

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

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

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

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

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

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

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

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

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 5/5/2025 by MarketBeat.com Staff

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Tile Shop (TTSH) Financials

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Tile Shop (TTSH) Financials

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