Saturday 17 October 2026
Export TTSH’s income statement to Excel — free account
Tile Shop Hldgs, Inc.
TTSH Consumer Cyclical Home Improvement Retail
Tile Shop Hldgs, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $336.8 million, down 2.95% from fiscal 2024. In the quarter to June 2026, revenue fell 5.74%, EPS fell 400.0% and free cash flow grew 243.0%, each against the same quarter a year earlier.
2.09
0.08
−3.69%
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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 |
55.48 | 44.55 | 26.10 | 0.00 | 34.46 | 23.77 | 13.47 | 31.03 | 122.87 | 0.00 |
Piotroski F-Score |
7 | 6 | 5 | 4 | 5 | 7 | 6 | 5 | 6 | 3 |
P/S ratio |
3.12 | 1.47 | 0.80 | 0.25 | 0.66 | 0.97 | 0.53 | 0.84 | 0.87 | 0.46 |
Altman Z-Score |
6.32 | 3.94 | 2.73 | 1.10 | 1.66 | 2.36 | 2.04 | 2.43 | 2.17 | 1.57 |
P/FCF ratio |
38.52 | 98.53 | 0.00 | 7.40 | 3.38 | 12.55 | 0.00 | 6.74 | 23.91 | 0.00 |
Altman Z″-Score (non-manufacturers) |
2.30 | 2.45 | 2.90 | 1.14 | 1.19 | 1.51 | 1.94 | 1.63 | 1.51 | 0.91 |
Beneish M-Score |
(2.56) | (2.42) | (3.01) | 1.50 | (2.80) | (2.97) | (2.33) | (3.62) | (2.53) | (2.59) |
P/Operating CF |
352.45 | (138.28) | 116.15 | 17.28 | 26.04 | (76.46) | (47.11) | 53.62 | (215.77) | (28.15) |
P/B ratio |
7.29 | 3.52 | 1.94 | 0.65 | 1.54 | 2.94 | 1.94 | 2.64 | 2.46 | 1.76 |
Price to Tangible BV |
7.29 | 3.52 | 1.94 | 0.65 | 1.54 | 2.94 | 1.94 | 2.64 | 2.46 | 1.76 |
EV/Sales |
3.19 | 1.53 | 0.95 | 0.43 | 1.09 | 1.03 | 0.70 | 0.91 | 0.92 | 0.58 |
EV/EBITDA |
18.30 | 9.98 | 7.16 | 4.45 | 9.29 | 7.90 | 5.72 | 9.15 | 14.96 | 19.16 |
EV/Operating CF |
19.29 | 11.53 | 18.63 | 3.78 | 5.41 | 9.62 | 101.50 | 5.55 | 11.78 | 33.85 |
EV/FCF |
39.28 | 102.45 | (19.90) | 12.62 | 5.57 | 13.33 | (24.36) | 7.36 | 25.20 | (54.81) |
Quick Ratio |
0.22 | 0.25 | 0.26 | 0.23 | 0.28 | 0.17 | 0.18 | 0.15 | 0.32 | 0.19 |
Current Ratio |
1.60 | 1.70 | 2.58 | 1.75 | 1.36 | 1.30 | 1.76 | 1.45 | 1.53 | 1.43 |
Net Debt/EBITDA |
0.36 | 0.38 | 1.00 | 1.63 | 2.94 | (0.10) | 0.78 | (0.23) | (0.98) | 1.45 |
Debt/Assets |
10.97% | 10.19% | 17.95% | 15.83% | 35.80% | 1.47% | 13.13% | 0.00% | 0.00% | 8.29% |
Debt/Equity |
0.21 | 0.19 | 0.37 | 0.48 | 0.88 | 0.04 | 0.42 | 0.00 | 0.00 | 0.29 |
Asset Turnover |
1.27 | 1.29 | 1.26 | 0.98 | 0.88 | 1.08 | 1.15 | 1.14 | 1.09 | 1.08 |
Operating CF/Net income |
2.90 | 4.22 | 1.74 | (8.64) | 10.88 | 2.69 | 0.17 | 6.16 | 11.68 | (1.29) |
Capex/Depreciation |
(1.16) | (1.51) | (1.21) | (0.79) | (0.06) | (0.40) | (0.55) | (0.71) | (0.81) | (0.58) |
Interest Coverage |
19.19 | 13.92 | 6.74 | (0.36) | 3.40 | 31.42 | 14.32 | 7.47 | 12.79 | (141.80) |
| 14.53% | 7.65% | 7.20% | (3.22%) | 4.47% | 11.31% | 13.60% | 8.82% | 1.91% | (4.28%) | |
| 7.24% | 4.04% | 3.67% | (1.28%) | 1.62% | 4.32% | 4.57% | 3.04% | 0.73% | (1.45%) | |
ROIC |
12.94% | 9.85% | 5.86% | (0.46%) | 1.58% | 10.99% | 9.65% | 9.09% | 2.16% | (3.56%) |
Return on Tangible Assets |
10.43% | 5.55% | 4.38% | (2.44%) | 4.75% | 13.23% | 11.70% | 10.06% | 2.29% | (5.10%) |
Average Days of Receivables |
4.60 | 8.59 | 6.78 | 6.93 | 12.45 | 6.82 | 6.72 | 2.91 | 4.14 | 5.01 |
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 |
59.84% | 61.05% | 65.28% | 69.77% | 66.19% | 62.72% | 59.88% | 60.16% | 64.64% | 65.56% |
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 |
1.34% | 0.92% | 0.75% | 0.78% | 0.69% | 0.61% | 0.46% | 0.37% | 0.39% | 0.38% |
Graham Net Nets |
(0.03) | (0.04) | (0.07) | (1.72) | (0.46) | (0.25) | (0.43) | (0.26) | (0.25) | (0.66) |
Graham Number |
4.65 | 3.71 | 3.65 | 0.00 | 2.80 | 4.05 | 4.00 | 3.81 | 1.89 | 0.00 |
Earnings Yield |
1.80% | 2.24% | 3.83% | (5.50%) | 2.90% | 4.21% | 7.42% | 3.22% | 0.81% | (3.01%) |
Free Cash Flow Yield |
2.60% | 1.01% | (5.98%) | 13.52% | 29.62% | 7.97% | (5.37%) | 14.83% | 4.18% | (2.33%) |
Revenue per Share |
6.30 | 6.67 | 6.88 | 6.72 | 6.51 | 7.36 | 8.08 | 8.69 | 7.94 | 7.71 |
Operating CF per Share |
1.04 | 0.88 | 0.35 | 0.76 | 1.31 | 0.79 | 0.06 | 1.43 | 0.62 | 0.13 |
Capex per Share |
(0.53) | (0.78) | (0.68) | (0.53) | (0.04) | (0.22) | (0.29) | (0.35) | (0.33) | (0.21) |
Free Cash Flow per Share |
0.51 | 0.10 | (0.33) | 0.23 | 1.27 | 0.57 | (0.23) | 1.08 | 0.29 | (0.08) |
Cash per Share |
0.18 | 0.14 | 0.12 | 0.20 | 0.21 | 0.20 | 0.16 | 0.20 | 0.48 | 0.23 |
Shareholders Equity per Share |
2.70 | 2.78 | 2.82 | 2.59 | 2.78 | 2.43 | 2.23 | 2.76 | 2.81 | 2.00 |
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 |
2.70 | 2.78 | 2.82 | 2.59 | 2.78 | 2.43 | 2.23 | 2.76 | 2.81 | 2.00 |
Free Cash Flow |
26.30 | 5.14 | (17.01) | 11.56 | 63.63 | 28.62 | (11.31) | 46.81 | 12.67 | (3.58) |
Working Capital |
36.01 | 43.53 | 79.77 | 52.33 | 27.85 | 29.37 | 63.11 | 35.81 | 41.43 | 33.80 |
Capital Expenditures |
(27.25) | (40.55) | (35.18) | (27.00) | (1.97) | (11.07) | (14.03) | (15.25) | (14.44) | (9.37) |
Net Current Asset Value |
(30.17) | (21.29) | (20.99) | (146.74) | (98.97) | (91.45) | (90.65) | (82.43) | (76.87) | (101.48) |
EV/EBIT |
31.39 | 20.38 | 18.66 | 0.00 | 55.61 | 18.52 | 12.19 | 21.32 | 90.80 | 0.00 |
Capex to Sales |
0.08 | 0.12 | 0.10 | 0.08 | 0.01 | 0.03 | 0.04 | 0.04 | 0.04 | 0.03 |
Price to Operating Income |
30.78 | 19.60 | 15.68 | 0.00 | 33.69 | 17.43 | 9.31 | 19.54 | 86.14 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.17 | 0.18 | 0.18 | 0.26 | 0.32 | 0.34 | 0.36 | 0.33 | 0.30 | 0.30 |
Cash ROIC |
14.85% | 2.87% | (8.25%) | 5.67% | 23.39% | 20.86% | (6.99%) | 36.48% | 8.81% | (2.92%) |
Accounts Receivable Turnover |
95.55 | 56.53 | 48.48 | 51.99 | 37.04 | 41.16 | 55.62 | 73.37 | 99.93 | 78.72 |
Accounts Payable Turnover |
5.57 | 4.24 | 3.74 | 4.73 | 6.17 | 5.08 | 4.99 | 5.72 | 5.06 | 4.96 |
Inventory Turnover |
1.35 | 1.36 | 1.08 | 1.00 | 1.20 | 1.37 | 1.24 | 1.25 | 1.32 | 1.39 |
Average Days of Payables |
76.26 | 103.63 | 89.09 | 63.67 | 54.23 | 95.88 | 63.20 | 63.55 | 72.90 | 75.89 |
Days of Inventory on Hand |
278.81 | 287.14 | 379.40 | 341.85 | 261.93 | 301.68 | 325.18 | 255.01 | 264.16 | 267.90 |
Average Receivables |
3.39 | 6.10 | 7.37 | 6.55 | 8.78 | 9.01 | 7.10 | 5.14 | 3.47 | 4.28 |
Average Payables |
17.45 | 25.55 | 28.31 | 22.02 | 16.78 | 23.13 | 27.20 | 23.43 | 23.58 | 24.57 |
Average Inventory |
72.09 | 79.78 | 97.68 | 103.86 | 85.96 | 85.74 | 109.06 | 107.32 | 89.97 | 87.83 |
Average Assets |
255.14 | 268.00 | 284.18 | 348.72 | 371.25 | 341.72 | 343.29 | 331.25 | 318.14 | 310.66 |
Average Common Equity |
127.05 | 141.39 | 145.11 | 138.62 | 134.98 | 130.64 | 115.50 | 114.23 | 121.30 | 105.08 |
Columns are period end dates