| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | 0.00 |
—
|
| 2020 | ‡‡‡ |
|
| 2019 | 0.15 |
—
—
—
|
| 2018 | 0.20 |
—
—
—
—
|
| 2017 | 0.20 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 8.62 | 20.96 | 10.12 | 11.17 |
| Receivables | 3.01 | 3.94 | 4.62 | 1.35 |
| Inventory | 93.68 | 86.27 | 89.40 | 86.28 |
| Other | 9.25 | 8.66 | 8.86 | 7.24 |
| 114.56 | 119.82 | 113.00 | 109.71 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 23.35 | 23.81 | 25.33 | 24.49 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 78.75 | 78.39 | 79.21 | 82.29 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 86.57 | 83.20 | — | — |
—
|
| ’25 | 88.01 | 88.26 | 83.06 | 77.49 |
336.82
|
| ’24 | 91.73 | 91.38 | 84.51 | 79.45 |
347.07
|
| ’23 | 102.02 | 98.56 | 92.11 | 84.46 |
377.15
|
| ’22 | 102.47 | 107.60 | 97.15 | 87.47 |
394.70
|
| ’21 | 92.08 | 96.19 | 92.24 | 90.18 |
370.70
|
| ’20 | 94.28 | 67.73 | 81.49 | 81.56 |
325.06
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 9.72 | 3.82 | — | — |
—
|
| ’25 | 9.99 | 3.49 | (2.23) | (5.46) |
5.79
|
| ’24 | 18.59 | 4.86 | 5.06 | (1.40) |
27.11
|
| ’23 | 25.82 | 15.62 | 14.73 | 5.89 |
62.06
|
| ’22 | 7.63 | 1.59 | (2.04) | (4.47) |
2.72
|
| ’21 | 30.11 | 11.87 | 2.41 | (4.70) |
39.69
|
| ’20 | 22.89 | 18.10 | 16.36 | 8.25 |
65.60
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 8.72 | 2.46 | — | — |
—
|
| ’25 | 6.37 | 0.72 | (3.62) | (7.05) |
(3.58)
|
| ’24 | 15.87 | 1.33 | (0.44) | (4.08) |
12.67
|
| ’23 | 22.46 | 10.91 | 11.82 | 1.62 |
46.81
|
| ’22 | 4.70 | (2.84) | (5.02) | (8.16) |
(11.31)
|
| ’21 | 26.91 | 8.92 | (0.37) | (6.84) |
28.62
|
| ’20 | 22.25 | 17.81 | 15.97 | 7.60 |
63.63
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 0.00 | (0.03) | — | — |
—
|
| ’25 | 0.00 | 0.01 | (0.04) | (0.08) |
(0.10)
|
| ’24 | 0.04 | 0.03 | 0.00 | (0.01) |
0.05
|
| ’23 | 0.06 | 0.12 | 0.04 | 0.01 |
0.23
|
| ’22 | 0.07 | 0.13 | 0.08 | 0.03 |
0.32
|
| ’21 | 0.10 | 0.11 | 0.04 | 0.04 |
0.29
|
| ’20 | 0.07 | (0.02) | 0.04 | 0.03 |
0.12
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 2.70 | 4.07 | 5.68 | 2.96 | — | — | — |
Low Price
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | 7.21 | 7.67 | 7.50 | 7.75 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,387 | 1,308 | 1,291 | 1,196 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.28 | 0.29 | 0.27 | 0.28 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 394.70 | 377.15 | 347.07 | 336.82 | — | — | — |
Revenue
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 65.60% | 64.45% | 65.66% | 63.84% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 21.03 | 13.99 | 3.24 | (5.85) | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.33% | 3.71% | 0.93% | (1.74%) | — | — | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15.70 | 10.07 | 2.32 | (4.49) | — | — | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 25.57 | 21.49 | 17.83 | 16.05 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.08 | 8.69 | 7.94 | 7.71 | — | — | — |
Revenue/Sh
|
| ‡‡‡‡ | ‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 0.32 | 0.23 | 0.05 | (0.10) | — | — | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.06 | 1.43 | 0.62 | 0.13 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.29) | (0.35) | (0.33) | (0.21) | — | — | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.23) | 1.08 | 0.29 | (0.08) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.23 | 2.76 | 2.81 | 2.00 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 48.86 | 43.42 | 43.71 | 43.70 | — | — | — |
Shares
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13.47 | 31.61 | 115.50 | 0.00 | — | — | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.53 | 0.84 | 0.87 | 0.46 | — | — | — |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.94 | 2.64 | 2.46 | 1.76 | — | — | — |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.70 | 0.91 | 0.92 | 0.58 | — | — | — |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (24.41) | 7.36 | 25.19 | (54.77) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.72 | 62.06 | 27.11 | 5.79 | — | — | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (14.03) | (15.25) | (14.44) | (9.37) | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (11.31) | 46.81 | 12.67 | (3.58) | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 63.11 | 35.81 | 41.43 | 33.80 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 73.27 | — | — | 25.00 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 65.51 | (8.62) | (20.96) | 14.88 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 108.77 | 119.69 | 122.91 | 87.24 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.57% | 3.04% | 0.73% | (1.45%) | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.11% | 9.09% | 2.16% | (3.56%) | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13.60% | 8.82% | 1.91% | (4.28%) | — | — | — |
ROE
|
Tile Shop Holdings (TTSH), the niche tile retailer, trades at rock-bottom valuations—115% below Wall Street consensus targets—with a major 10% shareholder aggressively scooping up over 269,000 shares worth $2.7 million in early 2025, fueling buzz amid no insider selling. Yet, this classic housing cyclical faces persistent headwinds: revenue plunged 12% to $347 million in 2024 from pandemic peaks, profitability cratered with EBT margins at a razor-thin 0.9% and EPS down 78%, tied inexorably to spiking mortgage rates and slowing construction that hammered discretionary tile demand.
Bright spots include a fortress balance sheet boasting $21 million net cash, aggressive share buybacks shrinking the count 15%, and operational efficiency echoes like peak revenue per employee. Still, skeptics highlight structural risks—online rivals, big-box encroachment, and inventory bloat—questioning if cheap PS (0.87x) and forward PE (~15x normalized) signal a coiled spring or value trap, especially without a housing rebound. Dive deeper to unpack if insider conviction trumps eroding fundamentals.
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