Saturday 17 October 2026
Export TANH’s income statement to Excel — free account
Tantech Holdings Ltd.
TANH Consumer Defensive Household & Personal Products
Tantech Holdings Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $38.4 million, down 10.7% from fiscal 2024.
13.62
0.78
+6.07%
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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 |
2.35 | 2.54 | 24.86 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Piotroski F-Score |
3 | 3 | 5 | 5 | 5 | 4 | 5 | 5 | 4 | 2 |
P/S ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z-Score |
949,985.36 | 668,329.41 | 595,053.24 | 719,005.63 | 3.65 | 1.94 | 1.82 | 1.78 | 1.91 | 0.89 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
11.85 | 8.49 | 8.66 | 8.48 | 10.57 | 9.94 | 12.43 | 12.66 | 15.34 | 11.62 |
Beneish M-Score |
(1.34) | (2.21) | (3.15) | (2.48) | (3.47) | (3.04) | (1.96) | (2.64) | (2.18) | (3.98) |
P/Operating CF |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/B ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
0.00 | 0.00 | 0.00 | (0.07) | (0.33) | (0.32) | (0.11) | (0.19) | (0.26) | (0.24) |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.27 | 5.17 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
(2.18) | (5.01) | 0.00 | (0.09) | (0.70) | (4.59) | 0.24 | 0.59 | (2.22) | 32.97 |
EV/FCF |
(6.21) | (5.77) | 0.00 | (0.09) | (0.71) | (4.33) | 0.24 | 0.58 | (2.30) | 28.21 |
Quick Ratio |
3.33 | 2.24 | 1.96 | 2.72 | 4.27 | 4.58 | 7.69 | 6.45 | 9.57 | 6.52 |
Current Ratio |
4.52 | 3.33 | 3.17 | 3.56 | 4.87 | 4.86 | 7.88 | 6.57 | 10.02 | 6.59 |
Net Debt/EBITDA |
0.23 | (0.27) | (0.02) | 0.70 | 3.17 | 4.78 | (2.39) | (5.18) | (7.91) | 2.41 |
Debt/Assets |
8.93% | 8.80% | 7.31% | 6.12% | 6.29% | 5.37% | 5.36% | 3.71% | 2.41% | 3.04% |
Debt/Equity |
0.11 | 0.11 | 0.09 | 0.07 | 0.07 | 0.06 | 0.06 | 0.04 | 0.03 | 0.03 |
Asset Turnover |
0.45 | 0.36 | 0.22 | 0.39 | 0.36 | 0.44 | 0.40 | 0.32 | 0.30 | 0.29 |
Operating CF/Net income |
(1.64) | 0.57 | 7.42 | (2.31) | (2.17) | 0.97 | 2.75 | 0.94 | (1.65) | 0.19 |
Capex/Depreciation |
(0.02) | (0.82) | (0.47) | (0.08) | (0.14) | 0.57 | (0.13) | (0.23) | (2.92) | 0.02 |
Interest Coverage |
18.29 | 8.30 | 3.75 | (20.10) | (34.47) | (11.50) | 7.60 | 12.14 | 13.72 | (43.65) |
| 5.61% | 3.97% | 1.80% | (6.22%) | (6.72%) | (7.88%) | 2.64% | 4.67% | (2.58%) | (26.34%) | |
| 4.74% | 3.24% | 1.45% | (5.09%) | (5.63%) | (6.66%) | 2.25% | 4.05% | (2.28%) | (23.55%) | |
ROIC |
6.53% | 2.64% | 1.34% | (6.26%) | (9.31%) | (6.98%) | 2.74% | 2.31% | 2.58% | (9.41%) |
Return on Tangible Assets |
7.38% | 5.72% | 3.85% | (12.29%) | (9.65%) | (9.70%) | 3.18% | 5.69% | (3.05%) | (49.99%) |
Average Days of Receivables |
366.61 | 401.42 | 413.01 | 292.44 | 297.43 | 370.80 | 580.63 | 691.20 | 657.65 | 382.28 |
Research and Development Expense of Revenue |
0.34% | 1.48% | 1.31% | 0.66% | 2.11% | 14.57% | 0.43% | 0.05% | 0.09% | 0.20% |
Selling, General and Administrative Expense of Revenue |
10.64% | 12.66% | 17.90% | 10.11% | 4.57% | 19.71% | 9.89% | 13.52% | 11.46% | 50.23% |
Intangible Assets out of Total Assets |
0.02 | 0.18 | 0.18 | 0.11 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.33% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
42.59% | 39.41% | 4.02% | 0.00% | (0.01%) | (0.05%) | (0.96%) | (0.10%) | (0.53%) | (4.44%) |
Free Cash Flow Yield |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Revenue per Share |
1.76 | 1.63 | 1.03 | 1.71 | 422,837.00 | 552,637.00 | 106,980.60 | 31,879.36 | 5,051.78 | 832.09 |
Operating CF per Share |
(0.31) | 0.08 | 0.51 | 0.51 | 141,716.00 | (80,905.00) | 16,586.00 | 3,757.36 | 630.93 | (126.16) |
Capex per Share |
0.00 | (0.02) | (0.02) | 0.00 | (1,230.00) | 5,241.00 | (92.40) | (151.43) | (9.47) | 0.02 |
Free Cash Flow per Share |
(0.31) | 0.06 | 0.49 | 0.51 | 140,486.00 | (75,664.00) | 16,493.60 | 3,605.93 | 621.46 | (126.15) |
Cash per Share |
0.27 | 0.52 | 0.34 | 0.44 | 373,393.00 | 435,669.00 | 37,963.00 | 20,758.29 | 4,140.08 | 717.23 |
Shareholders Equity per Share |
3.48 | 4.22 | 3.83 | 3.28 | 994,914.00 | 1,125,367.00 | 231,870.80 | 87,860.86 | 15,091.31 | 2,393.70 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.07 | 0.01 | 0.00 | 0.00 | 0.00 |
Book value per Share |
3.48 | 4.22 | 3.83 | 3.28 | 994,914.00 | 1,125,367.00 | 231,870.80 | 87,860.86 | 15,091.31 | 2,393.70 |
Free Cash Flow |
(7.04) | 1.51 | 14.16 | 14.62 | 14.05 | (7.57) | 8.25 | 5.05 | 5.28 | (5.82) |
Working Capital |
49.56 | 62.46 | 48.16 | 49.03 | 65.10 | 84.04 | 93.22 | 98.06 | 106.05 | 62.76 |
Capital Expenditures |
(0.01) | (0.64) | (0.51) | (0.08) | (0.12) | 0.52 | (0.05) | (0.21) | (0.08) | 0.00 |
Net Current Asset Value |
49.56 | 60.37 | 46.11 | 47.24 | 65.10 | 83.82 | 88.56 | 96.99 | 103.13 | 60.37 |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.00 | 0.02 | 0.02 | 0.00 | 0.00 | (0.01) | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.07 | 0.23 | 0.33 | 0.33 | 0.35 | 0.44 | 0.21 | 36.33 | 0.22 | 0.39 |
Cash ROIC |
(7.42%) | 1.12% | 10.92% | 12.80% | 9.75% | (4.63%) | 5.80% | 3.21% | 3.16% | (3.95%) |
Accounts Receivable Turnover |
1.00 | 0.97 | 0.74 | 1.35 | 1.14 | 1.22 | 0.76 | 0.53 | 0.53 | 0.65 |
Accounts Payable Turnover |
10.95 | 8.72 | 5.48 | 20.72 | 23.67 | 28.85 | 23.57 | 23.51 | 79.82 | 130.56 |
Inventory Turnover |
25.29 | 17.40 | 9.51 | 33.89 | 59.68 | 51.50 | 44.09 | 61.52 | 159.01 | 181.71 |
Average Days of Payables |
25.87 | 61.35 | 42.79 | 13.93 | 14.91 | 12.73 | 17.82 | 8.90 | 0.00 | 5.59 |
Days of Inventory on Hand |
14.29 | 29.58 | 33.18 | 5.03 | 6.48 | 8.71 | 7.56 | 2.47 | 2.05 | 1.78 |
Average Receivables |
40.66 | 43.61 | 39.98 | 36.45 | 36.95 | 45.30 | 70.62 | 84.80 | 80.94 | 58.77 |
Average Payables |
2.51 | 3.64 | 3.93 | 2.09 | 1.60 | 1.55 | 1.84 | 1.49 | 0.43 | 0.24 |
Average Inventory |
1.09 | 1.82 | 2.26 | 1.28 | 0.63 | 0.87 | 0.98 | 0.57 | 0.21 | 0.17 |
Average Assets |
90.69 | 116.40 | 136.34 | 124.82 | 115.87 | 125.41 | 134.33 | 137.91 | 142.32 | 133.46 |
Average Common Equity |
76.65 | 94.91 | 109.80 | 102.26 | 97.01 | 106.01 | 114.24 | 119.47 | 125.64 | 119.31 |
Columns are period end dates