undamentalytics Newsletter
Sign in

Tactile Systems Technology Inc key statistics and ratios

In fiscal 2025, Tactile Systems Technology Inc had return on equity of 8.8%, an operating margin of 8.9%, debt equal to 0.0% of equity and a current ratio of 4.03. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Gross margin73.4%73.1%72.9%73.4%71.1%70.8%71.0%71.2%71.3%71.1%74.0%75.9%77.0%
Operating margin8.0%5.5%5.1%3.6%2.1%5.5%−1.9%−0.8%−5.2%6.6%7.6%8.9%9.4%
Net margin4.3%2.2%3.4%5.4%4.6%5.8%−0.3%−5.7%−7.2%10.4%5.8%5.8%6.7%
Free-cash-flow margin−2.8%2.9%7.4%0.4%3.3%−1.5%0.4%0.3%1.4%12.2%13.1%12.3%8.1%
Return on equity——10.7%8.8%8.2%10.9%−0.5%−9.3%−14.3%18.1%8.3%8.8%10.7%
Return on assets—3.8%5.2%7.2%6.8%8.5%−0.4%−5.6%−7.2%10.6%5.9%6.7%8.4%
Asset turnover—1.701.521.351.471.461.150.990.991.021.011.151.26
Current ratio—3.094.665.295.295.064.633.291.863.544.364.033.51
Debt to equity——0.0%0.0%0.0%0.0%0.0%23.3%19.7%15.0%12.1%0.0%0.0%
Interest cover (operating income ÷ interest)————————n/m4.4x10.6x28.2x—
Effective tax rate45.5%57.2%33.2%−39.7%—1.4%————27.8%39.1%33.9%
R&D as % of revenue6.0%6.9%5.3%4.6%3.7%2.7%2.8%2.7%2.9%2.9%3.0%2.6%2.9%
Capital spending as % of revenue0.7%0.9%0.9%3.4%2.9%2.9%1.1%1.0%0.7%0.8%0.8%0.7%0.9%
Free cash flow ÷ net income−64.9%129.7%217.4%7.6%72.6%−26.8%———117.6%225.6%211.8%121.9%
Dividends and buybacks ÷ free cash flow———110.5%——————9.2%65.7%43.2%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

7 of 7 checks passed · September 30, 2026
What it owns · $291m
Short-term assets $167mLonger-term assets $125m
What it owes, and who funded it · $291m
Short-term liabilities $47mLonger-term liabilities $17mShareholders' equity $227m
  • Short-term assets cover short-term liabilities $167m of assets due within a year against $47m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $167m short-term assets against $17m of longer-dated liabilities.
  • More cash than debt $75m of cash against $0 of debt.
  • Debt below 40% of shareholders' equity Debt is 0% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 20% to 0% over five years.
  • A year's operating cash flow covers at least 20% of debt No debt to cover.
  • Operating profit covers interest at least five times over Operating income of $34m against $78,000 of interest.

From Tactile Systems Technology Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

41 /100

Weak moat

How hard Tactile Systems Technology's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 4 / 20

    Cash operating profit has been a median 4.5% of total assets over 10 years.

  • Pricing power 20 / 20

    Gross margin has been a median 72.4%, moving by 2.0 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 4.0%; its worst year was -7.2%.

  • Cash conversion 9 / 20

    Free cash flow was positive in 8 of 10 years, at a median 2.3% of revenue.

  • Discipline 8 / 20

    The diluted share count rose 17.7% over five years; stock-based pay has been a median 4.2% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: INGN vs TCMDINMD vs TCMDSTAA vs TCMD

More: Health Care Equipment stocks compared, Health Care sector, rankings of US companies

Figures from Tactile Systems Technology Inc's SEC filings (10-K and 10-Q), retrieved November 3, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Tactile Systems Technology Inc.