Tile Shop Hldgs Financials
This page shows Tile Shop Hldgs (TTSH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Tile Shop Hldgs has an operating margin of 1.0%, meaning the company retains $1 of operating profit per $100 of revenue. This below-average margin results in a low score of 5/100, suggesting thin profitability after operating expenses. This is down from 4.3% the prior year.
Tile Shop Hldgs's revenue declined 8% year-over-year, from $377.1M to $347.1M. This contraction results in a growth score of 6/100.
Tile Shop Hldgs has a moderate D/E ratio of 1.60. This balance of debt and equity financing earns a leverage score of 52/100.
Tile Shop Hldgs's current ratio of 1.53 indicates adequate short-term liquidity, earning a score of 41/100. The company can meet its near-term obligations, though with limited headroom.
Tile Shop Hldgs's free cash flow margin of 3.6% results in a low score of 18/100. Capital expenditures of $14.5M absorb a large share of operating cash flow.
Tile Shop Hldgs generates a 1.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 8/100. This is down from 8.4% the prior year.
Tile Shop Hldgs scores 1.75, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Tile Shop Hldgs passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Tile Shop Hldgs generates $11.68 in operating cash flow ($27.1M OCF vs $2.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Tile Shop Hldgs earns $12.8 in operating income for every $1 of interest expense ($3.5M vs $275K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Tile Shop Hldgs generated $347.1M in revenue in fiscal year 2024. This represents a decrease of 8.0% from the prior year.
Tile Shop Hldgs's EBITDA was $21.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 43.1% from the prior year.
Tile Shop Hldgs generated $12.6M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 73.1% from the prior year.
Tile Shop Hldgs reported $2.3M in net income in fiscal year 2024. This represents a decrease of 77.0% from the prior year.
Tile Shop Hldgs earned $0.05 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 78.3% from the prior year.
Tile Shop Hldgs held $21.0M in cash against $0 in long-term debt as of fiscal year 2024.
Tile Shop Hldgs had 45M shares outstanding in fiscal year 2024. This represents an increase of 0.3% from the prior year.
Tile Shop Hldgs's gross margin was 65.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 1.2 percentage points from the prior year.
Tile Shop Hldgs's operating margin was 1.0% in fiscal year 2024, reflecting core business profitability. This is down 3.3 percentage points from the prior year.
Tile Shop Hldgs's net profit margin was 0.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.0 percentage points from the prior year.
Tile Shop Hldgs's ROE was 1.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 6.5 percentage points from the prior year.
Tile Shop Hldgs invested $14.5M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 5.1% from the prior year.
TTSH Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $83.1M-5.9% | $88.3M+0.3% | $88.0M+10.8% | $79.5M-6.0% | $84.5M-7.5% | $91.4M-0.4% | $91.7M+8.6% | $84.5M |
| Cost of Revenue | $30.8M-2.0% | $31.4M+4.9% | $29.9M+5.2% | $28.5M+0.6% | $28.3M-8.9% | $31.1M-1.1% | $31.4M+5.4% | $29.8M |
| Gross Profit | $52.3M-8.0% | $56.8M-2.1% | $58.1M+13.9% | $51.0M-9.3% | $56.2M-6.8% | $60.3M0.0% | $60.3M+10.4% | $54.7M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $54.2M-3.8% | $56.4M-2.6% | $57.9M+11.6% | $51.9M-7.4% | $56.0M-4.3% | $58.5M+0.8% | $58.0M+9.1% | $53.2M |
| Operating Income | -$2.0M-546.8% | $440K+140.4% | $183K+121.1% | -$867K-446.8% | $250K-86.5% | $1.9M-18.9% | $2.3M+55.3% | $1.5M |
| Interest Expense | -$4K+86.2% | -$29K-61.1% | -$18K+5.3% | -$19K-126.8% | $71K+24.6% | $57K-65.7% | $166K-32.2% | $245K |
| Income Tax | -$348K-551.9% | $77K+165.5% | $29K+113.2% | -$220K-259.4% | $138K-76.0% | $575K+34.3% | $428K-27.3% | $589K |
| Net Income | -$1.6M-511.7% | $392K+127.9% | $172K+127.4% | -$628K-1631.7% | $41K-96.6% | $1.2M-27.8% | $1.7M+165.6% | $636K |
| EPS (Diluted) | $-0.04-500.0% | $0.01 | $0.00+100.0% | $-0.01 | $0.00-100.0% | $0.03-25.0% | $0.04+300.0% | $0.01 |
TTSH Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $315.4M-2.7% | $324.1M-0.2% | $324.8M+1.6% | $319.6M-0.3% | $320.7M-0.5% | $322.3M-1.1% | $325.9M+2.9% | $316.7M |
| Current Assets | $124.9M-1.1% | $126.3M-1.1% | $127.7M+6.6% | $119.8M-2.7% | $123.2M-1.5% | $125.0M-1.3% | $126.7M+10.6% | $114.6M |
| Cash & Equivalents | $24.1M-13.0% | $27.8M+2.6% | $27.1M+29.1% | $21.0M-16.4% | $25.1M-1.1% | $25.3M+5.5% | $24.0M+178.7% | $8.6M |
| Inventory | $87.2M+1.5% | $86.0M-2.5% | $88.1M+2.2% | $86.3M+2.1% | $84.5M-1.8% | $86.1M-3.1% | $88.8M-5.2% | $93.7M |
| Accounts Receivable | $3.8M-13.0% | $4.3M+12.4% | $3.9M+25.1% | $3.1M-5.5% | $3.3M-10.6% | $3.7M-7.1% | $3.9M+36.5% | $2.9M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $192.9M-3.7% | $200.2M-0.7% | $201.6M+2.5% | $196.7M-0.4% | $197.5M-1.0% | $199.5M-2.5% | $204.6M+3.9% | $197.0M |
| Current Liabilities | $81.2M-1.9% | $82.8M-4.3% | $86.5M+10.3% | $78.4M-3.3% | $81.1M-1.1% | $82.0M-6.5% | $87.7M+11.4% | $78.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $122.6M-1.1% | $123.9M+0.6% | $123.2M+0.2% | $122.9M-0.3% | $123.2M+0.4% | $122.8M+1.2% | $121.3M+1.4% | $119.7M |
| Retained Earnings | -$7.8M-25.9% | -$6.2M+5.9% | -$6.6M+2.5% | -$6.8M-10.2% | -$6.2M+0.7% | -$6.2M+16.4% | -$7.4M+18.5% | -$9.1M |
TTSH Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.2M-163.8% | $3.5M-65.0% | $10.0M+811.8% | -$1.4M-127.8% | $5.1M+4.0% | $4.9M-73.8% | $18.6M+215.7% | $5.9M |
| Capital Expenditures | $1.5M-49.0% | $2.8M-21.4% | $3.6M+30.5% | $2.8M-49.5% | $5.5M+55.6% | $3.5M+30.1% | $2.7M-36.3% | $4.3M |
| Free Cash Flow | -$3.7M-670.9% | $645K-89.9% | $6.4M+252.3% | -$4.2M-839.6% | -$445K-133.6% | $1.3M-91.7% | $15.9M+879.0% | $1.6M |
| Investing Cash Flow | -$1.4M+50.2% | -$2.8M+23.4% | -$3.6M-35.5% | -$2.7M+50.5% | -$5.4M-52.7% | -$3.5M-30.1% | -$2.7M+36.3% | -$4.3M |
| Financing Cash Flow | $0+100.0% | -$17K+93.6% | -$267K-1113.6% | -$22K-22.2% | -$18K-125.0% | -$8K+98.2% | -$455K+95.5% | -$10.0M |
| 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 |
TTSH Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 62.9%-1.5pp | 64.4%-1.6pp | 66.0%+1.8pp | 64.2%-2.4pp | 66.5%+0.5pp | 66.0%+0.3pp | 65.8%+1.0pp | 64.7% |
| Operating Margin | -2.4%-2.9pp | 0.5%+0.3pp | 0.2%+1.3pp | -1.1%-1.4pp | 0.3%-1.7pp | 2.0%-0.5pp | 2.5%+0.8pp | 1.7% |
| Net Margin | -1.9%-2.4pp | 0.4%+0.2pp | 0.2%+1.0pp | -0.8%-0.8pp | 0.1%-1.3pp | 1.3%-0.5pp | 1.8%+1.1pp | 0.8% |
| Return on Equity | N/A | 0.3%+0.2pp | 0.1% | N/A | 0.0%-1.0pp | 1.0%-0.4pp | 1.4%+0.9pp | 0.5% |
| Return on Assets | -0.5%-0.6pp | 0.1%+0.1pp | 0.1%+0.3pp | -0.2%-0.2pp | 0.0%-0.4pp | 0.4%-0.1pp | 0.5%+0.3pp | 0.2% |
| Current Ratio | 1.54+0.0 | 1.53+0.0 | 1.48-0.1 | 1.530.0 | 1.520.0 | 1.52+0.1 | 1.44-0.0 | 1.45 |
| Debt-to-Equity | 1.57-0.0 | 1.62-0.0 | 1.64+0.0 | 1.600.0 | 1.60-0.0 | 1.62-0.1 | 1.69+0.0 | 1.65 |
| FCF Margin | -4.4%-5.2pp | 0.7%-6.5pp | 7.2%+12.5pp | -5.3%-4.7pp | -0.5%-2.0pp | 1.5%-15.8pp | 17.3%+15.4pp | 1.9% |
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Frequently Asked Questions
What is Tile Shop Hldgs's annual revenue?
Tile Shop Hldgs (TTSH) reported $347.1M in total revenue for fiscal year 2024. This represents a -8.0% 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 Tile Shop Hldgs's revenue growing?
Tile Shop Hldgs (TTSH) revenue declined by 8% year-over-year, from $377.1M to $347.1M in fiscal year 2024.
Is Tile Shop Hldgs profitable?
Yes, Tile Shop Hldgs (TTSH) reported a net income of $2.3M in fiscal year 2024, with a net profit margin of 0.7%.
What is Tile Shop Hldgs's earnings per share (EPS)?
Tile Shop Hldgs (TTSH) reported diluted earnings per share of $0.05 for fiscal year 2024. This represents a -78.3% change compared to the previous fiscal year. 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.
What is Tile Shop Hldgs's EBITDA?
Tile Shop Hldgs (TTSH) had EBITDA of $21.3M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Tile Shop Hldgs's gross margin?
Tile Shop Hldgs (TTSH) had a gross margin of 65.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Tile Shop Hldgs's operating margin?
Tile Shop Hldgs (TTSH) had an operating margin of 1.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Tile Shop Hldgs's net profit margin?
Tile Shop Hldgs (TTSH) had a net profit margin of 0.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Tile Shop Hldgs's return on equity (ROE)?
Tile Shop Hldgs (TTSH) has a return on equity of 1.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Tile Shop Hldgs's free cash flow?
Tile Shop Hldgs (TTSH) generated $12.6M in free cash flow during fiscal year 2024. This represents a -73.1% 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 Tile Shop Hldgs's operating cash flow?
Tile Shop Hldgs (TTSH) generated $27.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Tile Shop Hldgs's total assets?
Tile Shop Hldgs (TTSH) had $319.6M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Tile Shop Hldgs's capital expenditures?
Tile Shop Hldgs (TTSH) invested $14.5M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Tile Shop Hldgs have outstanding?
Tile Shop Hldgs (TTSH) had 45M shares outstanding as of fiscal year 2024.
What is Tile Shop Hldgs's current ratio?
Tile Shop Hldgs (TTSH) had a current ratio of 1.53 as of fiscal year 2024, which is generally considered healthy.
What is Tile Shop Hldgs's debt-to-equity ratio?
Tile Shop Hldgs (TTSH) had a debt-to-equity ratio of 1.60 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tile Shop Hldgs's return on assets (ROA)?
Tile Shop Hldgs (TTSH) had a return on assets of 0.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Tile Shop Hldgs's Altman Z-Score?
Tile Shop Hldgs (TTSH) has an Altman Z-Score of 1.75, placing it in the Distress Zone (elevated bankruptcy 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 Tile Shop Hldgs's Piotroski F-Score?
Tile Shop Hldgs (TTSH) has a Piotroski F-Score of 5 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 Tile Shop Hldgs's earnings high quality?
Tile Shop Hldgs (TTSH) has an earnings quality ratio of 11.68x, considered cash-backed (high 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 Tile Shop Hldgs cover its interest payments?
Tile Shop Hldgs (TTSH) has an interest coverage ratio of 12.8x, 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 Tile Shop Hldgs?
Tile Shop Hldgs (TTSH) scores 22 out of 100 on our Financial Profile, indicating weak 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.