Saturday 17 October 2026
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Tanger Inc.
Tanger Inc.’s revenue for fiscal 2025 (year ended December 2025) was $581.6 million, up 10.5% from fiscal 2024. In the quarter to June 2026, revenue grew 11.2%, EPS grew 7.41%, free cash flow fell 86.2% and total debt rose 22.0%, each against the same quarter a year earlier. Dividend growth for five consecutive years, revenue growth for five, operating cash flow growth for three.
35.43
0.12
+0.34%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
17.94 | 37.53 | 44.93 | 15.84 | 0.00 | 241.00 | 22.71 | 30.34 | 37.92 | 33.04 |
Piotroski F-Score |
5 | 7 | 7 | 8 | 3 | 8 | 7 | 8 | 7 | 5 |
P/S ratio |
7.36 | 5.09 | 3.81 | 2.86 | 2.49 | 4.76 | 4.34 | 6.29 | 7.09 | 6.49 |
P/FCF ratio |
35.54 | 21.18 | 9.79 | 4.56 | 6.84 | 11.43 | 12.29 | 0.00 | 48.75 | 114.53 |
P/Operating CF |
55.70 | 34.70 | 24.08 | 22.23 | 13.34 | 27.50 | 21.05 | 37.70 | 40.69 | 38.68 |
P/B ratio |
4.86 | 4.05 | 3.73 | 3.00 | 2.71 | 4.06 | 3.74 | 4.94 | 5.49 | 5.14 |
Price to Tangible BV |
4.86 | 4.05 | 3.73 | 3.00 | 2.71 | 4.06 | 3.74 | 4.94 | 5.49 | 5.14 |
EV/Sales |
10.96 | 8.68 | 7.26 | 6.10 | 6.29 | 7.65 | 6.97 | 9.34 | 9.71 | 9.15 |
EV/EBITDA |
18.60 | 14.37 | 14.57 | 12.47 | 16.96 | 14.99 | 13.28 | 17.55 | 17.36 | 16.33 |
EV/Operating CF |
21.33 | 16.75 | 13.90 | 13.25 | 14.90 | 14.99 | 14.42 | 18.90 | 19.59 | 18.01 |
EV/FCF |
52.91 | 36.17 | 18.63 | 9.74 | 17.29 | 18.39 | 19.74 | (18.94) | 66.74 | 161.34 |
Quick Ratio |
0.16 | 0.07 | 0.11 | 0.21 | 0.96 | 1.73 | 2.53 | 0.19 | 0.44 | 0.40 |
Current Ratio |
0.16 | 0.07 | 0.11 | 0.21 | 0.96 | 1.73 | 2.53 | 0.19 | 0.44 | 0.40 |
Net Debt/EBITDA |
6.11 | 5.96 | 6.92 | 6.63 | 10.25 | 5.68 | 5.01 | 5.73 | 4.68 | 4.74 |
Debt/Assets |
66.81% | 69.43% | 71.82% | 68.69% | 71.61% | 64.76% | 64.41% | 61.92% | 59.79% | 60.12% |
Debt/Equity |
2.39 | 2.88 | 3.39 | 3.44 | 4.37 | 2.80 | 2.78 | 2.43 | 2.09 | 2.17 |
Asset Turnover |
0.19 | 0.19 | 0.20 | 0.20 | 0.17 | 0.20 | 0.20 | 0.20 | 0.22 | 0.23 |
Operating CF/Net income |
1.25 | 3.79 | 5.92 | 2.51 | (4.54) | 23.88 | 2.61 | 2.32 | 2.64 | 2.57 |
Capex/Depreciation |
(1.16) | (1.01) | (0.48) | 0.62 | (0.18) | (0.35) | (0.49) | (4.05) | (1.28) | (1.70) |
Interest Coverage |
2.49 | 2.48 | 1.68 | 1.72 | 0.33 | 1.95 | 2.45 | 2.79 | 2.48 | 2.60 |
| 29.25% | 10.14% | 7.81% | 18.27% | (8.90%) | 2.12% | 16.19% | 17.94% | 15.51% | 16.23% | |
| 7.92% | 2.64% | 1.77% | 3.76% | (1.62%) | 0.42% | 3.75% | 4.37% | 4.19% | 4.56% | |
ROIC |
3.97% | 4.24% | 3.07% | 3.29% | 0.70% | 3.71% | 4.29% | 4.16% | 4.58% | 4.69% |
Return on Tangible Assets |
9.20% | 3.18% | 2.19% | 4.82% | (2.09%) | 0.53% | 4.58% | 5.34% | 5.14% | 5.39% |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
10.02% | 9.01% | 8.93% | 11.24% | 12.24% | 15.43% | 16.16% | 16.39% | 14.83% | 13.54% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
3.29% | 2.78% | 2.97% | 3.79% | 3.21% | 2.99% | 2.93% | 2.69% | 2.28% | 2.19% |
Graham Net Nets |
(0.53) | (0.77) | (0.99) | (1.33) | (1.80) | (0.74) | (0.75) | (0.59) | (0.44) | (0.49) |
Graham Number |
18.32 | 10.10 | 7.41 | 10.14 | 0.00 | 2.92 | 9.12 | 10.81 | 11.22 | 12.15 |
Earnings Yield |
5.58% | 2.66% | 2.23% | 6.31% | (4.12%) | 0.41% | 4.40% | 3.30% | 2.64% | 3.03% |
Free Cash Flow Yield |
2.81% | 4.72% | 10.22% | 21.94% | 14.61% | 8.75% | 8.13% | (7.84%) | 2.05% | 0.87% |
Revenue per Share |
4.90 | 5.17 | 5.30 | 5.15 | 4.00 | 4.05 | 4.08 | 4.44 | 4.81 | 5.14 |
Operating CF per Share |
2.52 | 2.68 | 2.77 | 2.38 | 1.69 | 2.07 | 1.97 | 2.19 | 2.39 | 2.61 |
Capex per Share |
(1.50) | (1.44) | (0.70) | 0.86 | (0.23) | (0.38) | (0.53) | (4.38) | (1.69) | (2.32) |
Free Cash Flow per Share |
1.01 | 1.24 | 2.07 | 3.23 | 1.46 | 1.69 | 1.44 | (2.19) | 0.70 | 0.29 |
Cash per Share |
0.13 | 0.06 | 0.10 | 0.18 | 0.87 | 1.53 | 2.44 | 0.21 | 0.43 | 0.47 |
Shareholders Equity per Share |
7.42 | 6.48 | 5.42 | 4.91 | 3.68 | 4.75 | 4.74 | 5.65 | 6.22 | 6.50 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
7.42 | 6.48 | 5.42 | 4.91 | 3.68 | 4.75 | 4.74 | 5.65 | 6.22 | 6.50 |
Free Cash Flow |
96.46 | 117.23 | 192.74 | 299.92 | 141.94 | 177.49 | 156.22 | (229.05) | 76.50 | 32.97 |
Working Capital |
(65.92) | (84.31) | (73.59) | (62.89) | (3.42) | 68.26 | 159.83 | (96.54) | (60.78) | (79.54) |
Capital Expenditures |
(142.86) | (135.93) | (65.58) | 79.47 | (22.81) | (40.23) | (57.74) | (458.66) | (184.18) | (262.40) |
Net Current Asset Value |
(1,808.55) | (1,921.70) | (1,870.28) | (1,812.43) | (1,745.82) | (1,496.34) | (1,439.16) | (1,710.84) | (1,654.52) | (1,867.35) |
EV/EBIT |
33.74 | 26.38 | 33.06 | 27.57 | 118.26 | 31.70 | 26.77 | 32.42 | 33.90 | 31.09 |
Capex to Sales |
0.31 | 0.28 | 0.13 | (0.17) | 0.06 | 0.09 | 0.13 | 0.99 | 0.35 | 0.45 |
Price to Operating Income |
22.66 | 15.45 | 17.37 | 12.91 | 46.80 | 19.70 | 16.67 | 21.83 | 24.76 | 22.07 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.06 | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 | 0.07 | 0.07 |
Cash ROIC |
4.01% | 4.92% | 8.65% | 14.68% | 7.06% | 8.62% | 7.08% | (11.16%) | 3.56% | 1.38% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
1.73 | 1.84 | 1.85 | 1.94 | 1.63 | 1.55 | 1.46 | 1.30 | 1.40 | 1.47 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
187.63 | 212.59 | 188.07 | 184.11 | 234.90 | 241.18 | 265.61 | 297.18 | 247.83 | 275.17 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Payables |
87.77 | 84.28 | 86.55 | 81.12 | 83.91 | 90.62 | 98.87 | 111.62 | 113.14 | 120.42 |
Average Assets |
2,420.52 | 2,533.16 | 2,462.50 | 2,335.06 | 2,237.37 | 2,173.46 | 2,187.52 | 2,270.89 | 2,352.65 | 2,518.58 |
Average Common Equity |
655.74 | 658.87 | 558.92 | 480.82 | 407.50 | 429.34 | 506.86 | 552.62 | 635.49 | 707.39 |
Columns are period end dates