What is Tantech Holdings's earnings per share (EPS)?

Tantech Holdings (TANH) reported diluted earnings per share of $-7.66 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Tantech Holdings Financials

TANH

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2024 Currency USD FYE December

This page shows Tantech Holdings (TANH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 54/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Tantech Holdings has an operating margin of 9.3%, meaning the company retains $9 of operating profit per $100 of revenue. This results in a moderate score of 43/100, indicating healthy but not exceptional operating efficiency. This is up from 8.2% the prior year.

Growth

Tantech Holdings's revenue declined 3.8% year-over-year, from $44.6M to $42.9M. This contraction results in a growth score of 27/100.

Leverage

100

Tantech Holdings carries a low D/E ratio of 0.11, meaning only $0.11 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 10.02, Tantech Holdings holds $10.02 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow

Tantech Holdings has a free cash flow margin of 9.1%, earning a moderate score of 48/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Tantech Holdings generates a -2.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 5/100. This is down from 4.0% the prior year.

Altman Z-Score Grey Zone

1.87

Tantech Holdings scores 1.87, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral

4/9

Tantech Holdings passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

-1.12x

For every $1 of reported earnings, Tantech Holdings generates $-1.12 in operating cash flow ($4.0M OCF vs -$3.6M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage Safe

13.7x

Tantech Holdings earns $13.7 in operating income for every $1 of interest expense ($4.0M vs $290K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$42.9M

YoY-3.8%

5Y CAGR-2.7%

10Y CAGR-4.1%

Tantech Holdings generated $42.9M in revenue in fiscal year 2024. This represents a decrease of 3.8% from the prior year.

EBITDA

$4.0M

YoY+3.7%

10Y CAGR-14.3%

Tantech Holdings's EBITDA was $4.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 3.7% from the prior year.

Net Income

-$3.6M

YoY-171.1%

Tantech Holdings reported -$3.6M in net income in fiscal year 2024. This represents a decrease of 171.1% from the prior year.

EPS (Diluted)

$-7.66

Tantech Holdings earned $-7.66 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 109.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$3.9M

YoY-25.8%

5Y CAGR-23.2%

10Y CAGR+16.3%

Tantech Holdings generated $3.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 25.8% from the prior year.

Cash & Debt

$35.2M

YoY+21.1%

5Y CAGR+23.1%

10Y CAGR+55.9%

Tantech Holdings held $35.2M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

Tantech Holdings had 1M shares outstanding in fiscal year 2024. This represents a decrease of 70.2% from the prior year.

Margins & Returns

Gross Margin

20.8%

YoY-0.9pp

5Y CAGR+8.7pp

10Y CAGR-10.7pp

Tantech Holdings's gross margin was 20.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.9 percentage points from the prior year.

Operating Margin

9.3%

YoY+1.1pp

5Y CAGR+27.4pp

10Y CAGR-16.9pp

Tantech Holdings's operating margin was 9.3% in fiscal year 2024, reflecting core business profitability. This is up 1.1 percentage points from the prior year.

Net Margin

-8.3%

YoY-19.5pp

5Y CAGR+4.6pp

10Y CAGR-29.6pp

Tantech Holdings's net profit margin was -8.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 19.5 percentage points from the prior year.

Return on Equity

-2.7%

YoY-6.7pp

5Y CAGR+4.3pp

10Y CAGR-26.3pp

Tantech Holdings's ROE was -2.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 6.7 percentage points from the prior year.

Capital Allocation

R&D Spending

$39K

YoY+62.1%

5Y CAGR-34.7%

10Y CAGR-25.6%

Tantech Holdings invested $39K in research and development in fiscal year 2024. This represents an increase of 62.1% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$81K

YoY+18583.3%

5Y CAGR-2.7%

10Y CAGR-25.8%

Tantech Holdings invested $81K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 18583.3% from the prior year.

TANH Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$42.9M-3.8%	$44.6M-15.7%	$53.0M-4.2%	$55.3M+30.7%	$42.3M-14.1%	$49.2M
Cost of Revenue	$34.0M-2.6%	$34.9M-18.5%	$42.9M-4.4%	$44.8M+18.6%	$37.8M-12.6%	$43.3M
Gross Profit	$8.9M-8.0%	$9.7M-3.9%	$10.1M-3.1%	$10.4M+133.0%	$4.5M-25.1%	$6.0M
R&D Expenses	$39K+62.1%	$24K+3.4%	$23K-99.7%	$8.1M+804.6%	$890K+172.1%	$327K
SG&A Expenses	$4.9M-16.3%	$5.8M+48.9%	$3.9M-55.8%	$8.8M+824.6%	$955K-79.5%	$4.7M
Operating Income	$4.0M+8.9%	$3.7M-38.3%	$5.9M+169.7%	-$8.5M+17.7%	-$10.3M-16.1%	-$8.9M
Interest Expense	$290K-3.7%	$301K-36.7%	$476K-35.7%	$740K+146.7%	$300K-32.3%	$443K
Income Tax	$3.1M+31.6%	$2.4M-24.7%	$3.1M+29.3%	$2.4M+497.2%	-$612K-268.2%	$364K
Net Income	-$3.6M-171.1%	$5.0M+94.0%	$2.6M+130.9%	-$8.4M-28.2%	-$6.5M-2.6%	-$6.4M
EPS (Diluted)	$-7.66	$80.69	$120.10	$-48.35	$-52.93-2305.9%	$-2.20

Metric	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q2'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TANH Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$143.0M+0.9%	$141.7M+5.6%	$134.1M-0.3%	$134.5M+15.7%	$116.3M+0.7%	$115.5M
Current Assets	$117.8M+1.8%	$115.7M+8.3%	$106.8M+0.9%	$105.8M+29.2%	$81.9M+20.2%	$68.2M
Cash & Equivalents	$35.2M+21.1%	$29.1M+53.1%	$19.0M-56.0%	$43.1M+16.2%	$37.1M+198.4%	$12.4M
Inventory	$191K-19.1%	$236K-73.7%	$899K-16.0%	$1.1M+59.4%	$671K+12.7%	$596K
Accounts Receivable	$32.6M-22.0%	$41.8M+4.0%	$40.2M-10.7%	$45.0M+30.7%	$34.4M-12.6%	$39.4M
Goodwill	N/A	N/A	N/A	N/A	N/A	$0
Total Liabilities	$14.7M-21.4%	$18.7M+2.7%	$18.2M-17.3%	$22.0M+30.9%	$16.8M-19.7%	$20.9M
Current Liabilities	$11.8M-33.2%	$17.6M+30.0%	$13.5M-37.8%	$21.8M+29.5%	$16.8M-12.2%	$19.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$131.3M+4.4%	$125.7M+6.5%	$118.1M+3.3%	$114.3M+15.6%	$98.9M+9.6%	$90.2M
Retained Earnings	$48.8M+9.3%	$44.7M+14.3%	$39.1M+6.6%	$36.7M-19.3%	$45.5M-12.6%	$52.1M

Metric	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q2'21
Total Assets	$143.0M+0.6%	$142.2M+0.3%	$141.7M+2.6%	$138.1M+2.9%	$134.1M-1.5%	$136.2M+1.3%	$134.5M+11.7%	$120.5M
Current Assets	$117.8M-0.1%	$118.0M+2.0%	$115.7M+3.2%	$112.0M+5.0%	$106.8M-0.9%	$107.7M+1.8%	$105.8M+22.7%	$86.2M
Cash & Equivalents	$35.2M+2.9%	$34.2M+17.7%	$29.1M+17.6%	$24.7M+30.3%	$19.0M+75.7%	$10.8M-75.0%	$43.1M+6.0%	$40.7M
Inventory	$191K-79.5%	$934K+295.2%	$236K-81.6%	$1.3M+42.8%	$899K-8.2%	$979K-8.5%	$1.1M+154.6%	$420K
Accounts Receivable	$32.6M-18.0%	$39.8M-4.9%	$41.8M+1.5%	$41.2M+2.5%	$40.2M-14.5%	$47.0M+4.6%	$45.0M+23.6%	$36.4M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$14.7M-23.1%	$19.1M+2.2%	$18.7M-5.8%	$19.8M+9.0%	$18.2M+3.1%	$17.6M-19.8%	$22.0M+22.2%	$18.0M
Current Liabilities	$11.8M-30.3%	$16.9M-4.1%	$17.6M+15.2%	$15.3M+12.8%	$13.5M-16.7%	$16.3M-25.3%	$21.8M+21.0%	$18.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$131.3M+4.2%	$126.0M+0.2%	$125.7M+4.3%	$120.5M+2.0%	$118.1M-2.0%	$120.5M+5.5%	$114.3M+12.0%	$102.0M
Retained Earnings	$48.8M-8.5%	$53.4M+19.5%	$44.7M+8.9%	$41.0M+4.9%	$39.1M+1.6%	$38.5M+4.8%	$36.7M-5.7%	$38.9M

TANH Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$4.0M-24.2%	$5.3M-36.6%	$8.3M+202.5%	-$8.1M-157.1%	$14.2M-3.6%	$14.7M
Capital Expenditures	$81K+18583.3%	$431-72.6%	$2K-99.3%	$220K+52.1%	$145K+56.8%	$92K
Free Cash Flow	$3.9M-25.8%	$5.3M-36.6%	$8.3M+199.8%	-$8.3M-159.2%	$14.0M-4.0%	$14.6M
Investing Cash Flow	-$1.9M+25.4%	-$2.6M+94.3%	-$45.0M-8686.3%	$524K+526.2%	-$123K+97.9%	-$5.9M
Financing Cash Flow	$3.5M-53.3%	$7.4M-51.4%	$15.3M+19.4%	$12.8M+43.2%	$8.9M+263.7%	-$5.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q2'21
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TANH Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	20.8%-0.9pp	21.8%+2.7pp	19.1%+0.2pp	18.9%+8.3pp	10.6%-1.6pp	12.1%
Operating Margin	9.3%+1.1pp	8.2%-3.0pp	11.2%+26.6pp	-15.4%+9.1pp	-24.5%-6.4pp	-18.1%
Net Margin	-8.3%-19.5pp	11.2%+6.4pp	4.9%+20.0pp	-15.1%+0.3pp	-15.4%-2.5pp	-12.9%
Return on Equity	-2.7%-6.7pp	4.0%+1.8pp	2.2%+9.5pp	-7.3%-0.7pp	-6.6%+0.4pp	-7.0%
Return on Assets	-2.5%-6.0pp	3.5%+1.6pp	1.9%+8.1pp	-6.2%-0.6pp	-5.6%-0.1pp	-5.5%
Current Ratio	10.02+3.5	6.57-1.3	7.88+3.0	4.86-0.0	4.87+1.3	3.56
Debt-to-Equity	0.11-0.0	0.150.0	0.15-0.0	0.19+0.0	0.17-0.1	0.23
FCF Margin	9.1%-2.7pp	11.8%-3.9pp	15.7%+30.7pp	-15.0%-48.2pp	33.2%+3.5pp	29.7%

Metric	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21	Q2'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	10.02+3.0	6.99+0.4	6.57-0.8	7.33-0.6	7.88+1.3	6.62+1.8	4.86+0.1	4.79
Debt-to-Equity	0.11-0.0	0.150.0	0.15-0.0	0.16+0.0	0.150.0	0.15-0.0	0.19+0.0	0.18
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Tantech Holdings's annual revenue?

Tantech Holdings (TANH) reported $42.9M in total revenue for fiscal year 2024. This represents a -3.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Tantech Holdings's revenue growing?

Tantech Holdings (TANH) revenue declined by 3.8% year-over-year, from $44.6M to $42.9M in fiscal year 2024.

Is Tantech Holdings profitable?

No, Tantech Holdings (TANH) reported a net income of -$3.6M in fiscal year 2024, with a net profit margin of -8.3%.

What is Tantech Holdings's EBITDA?

Tantech Holdings (TANH) had EBITDA of $4.0M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Tantech Holdings's gross margin?

Tantech Holdings (TANH) had a gross margin of 20.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Tantech Holdings's operating margin?

Tantech Holdings (TANH) had an operating margin of 9.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Tantech Holdings's net profit margin?

Tantech Holdings (TANH) had a net profit margin of -8.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Tantech Holdings's return on equity (ROE)?

Tantech Holdings (TANH) has a return on equity of -2.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Tantech Holdings's free cash flow?

Tantech Holdings (TANH) generated $3.9M in free cash flow during fiscal year 2024. This represents a -25.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Tantech Holdings's operating cash flow?

Tantech Holdings (TANH) generated $4.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Tantech Holdings's total assets?

Tantech Holdings (TANH) had $143.0M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Tantech Holdings's capital expenditures?

Tantech Holdings (TANH) invested $81K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Tantech Holdings spend on research and development?

Tantech Holdings (TANH) invested $39K in research and development during fiscal year 2024.

How many shares does Tantech Holdings have outstanding?

Tantech Holdings (TANH) had 1M shares outstanding as of fiscal year 2024.

What is Tantech Holdings's current ratio?

Tantech Holdings (TANH) had a current ratio of 10.02 as of fiscal year 2024, which is generally considered healthy.

What is Tantech Holdings's debt-to-equity ratio?

Tantech Holdings (TANH) had a debt-to-equity ratio of 0.11 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Tantech Holdings's return on assets (ROA)?

Tantech Holdings (TANH) had a return on assets of -2.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Tantech Holdings's Altman Z-Score?

Tantech Holdings (TANH) has an Altman Z-Score of 1.87, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Tantech Holdings's Piotroski F-Score?

Tantech Holdings (TANH) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Tantech Holdings's earnings high quality?

Tantech Holdings (TANH) has an earnings quality ratio of -1.12x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Tantech Holdings cover its interest payments?

Tantech Holdings (TANH) has an interest coverage ratio of 13.7x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Tantech Holdings?

Tantech Holdings (TANH) scores 54 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.