Tactile Systems Technology, Inc. Financial Ratios — 3L3

Profitability (USD)

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	- -	8.84	8.17	10.87	-0.52	-9.34	-14.31	18.1	8.27	8.77
Return on Assets (%)	- -	6.82	4.07	5.19	7.21	6.77	8.48	-0.38	-5.65	-7.16	10.63	5.85	6.67
Return on Capital (%)	- -	8.83	5.36	6.62	- -	- -	10.04	- -	- -	- -	- -	7.3	7.94
Return on Invested Capital (%)	- -	9.45	6.02	6.79	- -	- -	9.43	- -	- -	- -	- -	6.3	7.12
Gross Margin (%)	73.71	73.36	73.11	72.87	73.45	71.14	70.84	70.97	71.24	71.31	71.11	73.96	75.91
EBITDA Margin (%)	7.98	9.44	6.8	6	5.21	4.68	7.41	-0.45	0.93	-2.63	8.96	9.89	10.9
Operating Margin (%)	6.4	7.96	5.49	5.05	3.57	2.08	5.54	-1.94	-0.85	-5.17	6.57	7.57	8.89
Incremental Operating Margin (%)	- -	13.44	- -	3.79	- -	- -	16.41	598.05	8.92	- -	111.44	22.3	19.43
Pretax Margin (%)	6.41	7.95	5.18	5.1	3.83	2.42	5.87	-1.21	-1.1	-6.27	5.75	8.02	9.51
Profit Margin (%)	8.49	4.34	2.22	3.41	5.36	4.61	5.79	-0.33	-5.68	-7.24	10.39	5.79	5.79
Net Income to Common Margin (%)	4	0.65	-0.72	1.93	5.36	4.61	5.79	-0.33	-5.68	-7.24	10.39	5.79	5.79
Effective Tax Rate (%)	- -	45.45	57.23	33.2	- -	- -	1.42	- -	- -	- -	- -	27.8	39.1
Dvd Payout Ratio (%)	-112.1	-569.9	408.19	426.47	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	8.84	8.17	10.87	-0.52	-9.34	-14.31	18.1	8.27	8.77

Credit (USD)

Credit Ratios API ChatGPT

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	- -	- -	- -	- -	- -	- -	17	21	81	72	50	45	16
ST Debt	- -	- -	- -	- -	- -	- -	1	2	5	5	6	6	3
LT Debt	- -	- -	- -	- -	- -	- -	15	19	75	67	45	39	13
Total Debt/EBITDA	0.01	- -	- -	- -	- -	- -	1.18	-25.65	41.59	-11.13	2.05	1.56	0.44
Net Debt/EBITDA	-2.2	-1.2	-1.65	-6.05	-4.21	-2.99	-1.62	57.38	13.68	-4.15	-1.3	-2.35	-2.32
Total Debt/EBIT	0.01	- -	- -	- -	- -	- -	1.58	-5.9	-45.75	-5.66	2.79	2.03	0.55
Net Debt/EBIT	-2.74	-1.42	-2.05	-7.19	-6.15	-6.72	-2.17	13.19	-15.05	-2.11	-1.77	-3.07	-2.85
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2.33	5.93	13.9	34.61
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	-3.02	5.37	12.75	32.31
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	-4.58	4.35	10.64	28.21
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	4	2	1
Common Equity/Total Assets	-24.34	-20.41	-15.28	80.66	82.29	83.37	74.2	71.66	52.49	47.61	68.8	72.7	79.91
Long-Term Debt/Equity (%)	0.06	0.02	- -	- -	- -	- -	13.44	15.54	58.6	54.99	23.04	18.09	5.83
Long-Term Debt/Capital (%)	0.06	0.02	- -	- -	- -	- -	11.72	13.27	35.98	34.48	18.28	14.97	5.43
Long-Term Debt/Total Assets (%)	0.05	0.01	- -	- -	- -	- -	9.97	11.14	30.76	26.18	15.85	13.15	4.66
Total Debt/Equity (%)	0.1	0.05	- -	- -	- -	- -	14.73	17.15	62.87	59.5	26.01	20.83	7.29
Total Debt/Capital (%)	0.1	0.05	- -	- -	- -	- -	12.84	14.64	38.6	37.3	20.64	17.24	6.79
Total Debt/Total Assets (%)	0.08	0.04	- -	- -	- -	- -	10.93	12.29	33	28.33	17.9	15.14	5.83
Net Debt to Equity	-29.35	-21.91	-25.88	-51.48	-32.93	-22.51	-20.22	-38.36	20.68	22.19	-16.47	-31.48	-38.12
Net Debt/Capital (%)	-41.54	-28.06	-34.92	-106.09	-49.1	-29.06	-21.4	-48.69	14.68	15.69	-17.43	-40.75	-55.11
EBITDA	3	5	4	5	6	7	14	-1	2	-6	25	29	36
EBITDA-CapEx	3	4	4	4	2	-3	8	-3	- -	-8	22	27	34
Operating Income (Loss)	2	4	3	4	4	3	10	-4	-2	-13	18	22	29

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	1.16	0.87	0.74	3.02	3.02	2.85	2.49	2.19	1.18	0.59	1.83	2.68	2.42
Current Ratio	4.04	4.06	3.09	4.66	5.29	5.28	5.06	4.63	3.29	1.86	3.54	4.36	4.03
Quick Ratio	2.85	3.09	2.23	4.11	4.38	4.48	4.05	3.83	2.62	1.44	2.88	3.78	3.49
CFO/Avg Current Liab	- -	-0.17	0.31	0.6	0.3	0.59	0.13	0.12	0.09	0.11	0.68	0.99	1.05
Common Equity/Total Assets	-24.34	-20.41	-15.28	80.66	82.29	83.37	74.2	71.66	52.49	47.61	68.8	72.7	79.91
Long-Term Debt/Equity (%)	0.06	0.02	- -	- -	- -	- -	13.44	15.54	58.6	54.99	23.04	18.09	5.83
Long-Term Debt/Capital (%)	0.06	0.02	- -	- -	- -	- -	11.72	13.27	35.98	34.48	18.28	14.97	5.43
Long-Term Debt/Total Assets (%)	0.05	0.01	- -	- -	- -	- -	9.97	11.14	30.76	26.18	15.85	13.15	4.66
Total Debt/Equity (%)	0.1	0.05	- -	- -	- -	- -	14.73	17.15	62.87	59.5	26.01	20.83	7.29
Total Debt/Capital (%)	0.1	0.05	- -	- -	- -	- -	12.84	14.64	38.6	37.3	20.64	17.24	6.79
Total Debt/Total Assets (%)	0.08	0.04	- -	- -	- -	- -	10.93	12.29	33	28.33	17.9	15.14	5.83
CFO/Total Liabilities	-6.05	-14.49	24.74	49.2	26.77	50.6	6.41	5.66	2.27	3.9	40.84	49.99	77.78
CFO/CapEx	-1.17	-2.81	3.9	8.44	1.1	0.94	0.42	1.22	1.12	2.71	15.43	17	17.99
Altman's Z-Score	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	4.7	5.58	10.39

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	4.1	4.51	5.8	6.7	6.85	6.56	4.84	4.46	4.73	5.6	6.65	7.42
Days Sales Outstanding	- -	89.13	80.97	62.93	54.48	53.26	55.64	75.38	81.86	77.13	65.17	54.88	49.19
Inventory Turnover	- -	3.95	3.64	3.72	3.3	3.73	3.65	2.89	3.17	3.34	3.47	3.7	4.86
Days Inventory Outstanding	- -	92.35	100.4	98.13	110.66	97.77	99.9	126.4	115.21	109.13	105.07	98.53	75.16
Accounts Payable Turnover	- -	5.97	6.56	6.67	8.34	8.9	14.1	13.39	13.12	9.96	9.46	11.77	14.08
Accounts Payable Turnover Days	- -	61.19	55.63	54.74	43.74	41.03	25.88	27.26	27.81	36.66	38.6	31.01	25.92
Cash Conversion Cycle	- -	120.29	125.74	106.33	121.41	110	129.66	174.52	169.26	149.61	131.65	122.41	98.43
Inventory to Cash Days	- -	-3.22	-19.44	-35.2	-56.18	-44.51	-44.26	-51.02	-33.35	-31.99	-39.9	-43.65	-25.98
Inventories	3	4	6	7	11	11	19	19	19	23	23	19	14
Raw Materials	1	2	3	4	7	6	13	11	11	18	15	13	9
Work In Process	1	2	3	4	7	6	13	- -	- -	- -	- -	- -	- -
Finished Goods	1	2	3	3	4	5	7	7	8	5	8	6	5
Other Inventory	-1	-2	-3	-4	-7	-6	-13	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	339	405	659
- Cash & Cash Equivalents	7	5	7	31	24	20	23	48	28	22	61	94	83
+ Preferred Equity and Hybrid Capital	29	31	33	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	- -	17	21	81	72	50	45	16
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	314	341	576
Total Capital	22	25	27	60	73	89	129	146	209	194	244	262	235
Total Debt/Capital (%)	0.1	0.05	- -	- -	- -	- -	12.84	14.64	38.6	37.3	20.64	17.24	6.79
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.16	0.13	0.03
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.14	1.17	1.75
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.77	11.79	16.03
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	17.4	15.39	19.67
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	8.1	13.26
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	8.59	14.02
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	333	410	684
Diluted Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	308	346	601
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	13.3	14.3	25.66
TTM Sales	37	48	63	85	109	144	189	187	208	247	274	293	330
TTM EBITDA	3	5	4	5	6	7	14	-1	2	-6	25	29	36
TTM Operating Income	2	4	3	4	4	3	10	-4	-2	-13	18	22	29
TTM Cash Flow to Firm	- -	-1	2	7	- -	- -	3	- -	- -	- -	- -	42	43
TTM Free Cash Flow to Firm	- -	-1	2	6	- -	- -	-3	- -	- -	- -	- -	40	41

Multiples (USD)

Valuation Multiples API ChatGPT

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9.92	10.7	16.92
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	17.4	15.39	19.67
Enterprise Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	314	341	576
Low Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9.76	11.02	9.1
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.14	1.17	1.75
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.77	11.79	16.03
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	11.54	23.9	35.2
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	14.12	20.19	18.25
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	20.94	32.15	35.69
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	7.85	15.51	10.91
Price/Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.75	1.87	3.01
Price/Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.14	1.58	1.56
Price/Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.17	2.52	3.05
Price/Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.19	1.21	0.93
Price/Tangible Book Value	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.92	2.84	4.43
Price/Tangible Book Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3.58	2.4	2.3
Price/Tangible Book Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	5.31	3.82	4.5
Price/Tangible Book Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.99	1.84	1.37
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.2	1.38	2.04
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.47	1.17	1.06
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.18	1.86	2.07
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.82	0.9	0.63
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	9.18	9.97	15.69
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	11.23	8.42	8.13
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	16.66	13.41	15.91
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	6.24	6.47	4.86
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	12.14	9.05	8.77
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	18.01	14.4	17.16
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	6.75	6.95	5.24
EV/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1.42	0.95	0.78
EV/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2.15	1.64	1.78
EV/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.75	0.68	0.37
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	15.86	9.62	7.19
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	24	16.62	16.29
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	8.36	6.88	3.37
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.6	12.56	8.83
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	32.7	21.7	19.98
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	11.39	8.99	4.13
Last Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	14.35	16.97	29.37
High Price	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	26.05	22.83	29.78
Enterprise Value Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	390	279	258
Enterprise Value High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	590	481	585
Enterprise Value Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	206	199	121

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	17	17	17	17	18	19	19	19	20	20	24	24	22
Diluted Weighted Avg Shares	13	13	13	17	19	19	20	19	20	20	23	24	23
Basic Weighted Avg Shares	13	13	13	17	17	18	19	19	20	20	23	24	23
Revenue per Share	2.78	3.58	4.71	5.02	6.3	7.88	10.02	9.67	10.55	12.3	11.97	12.27	14.41
EBITDA per Share	0.22	0.34	0.32	0.3	0.33	0.37	0.74	-0.04	0.1	-0.32	1.07	1.21	1.57
Operating Income per Share	0.18	0.28	0.26	0.25	0.22	0.16	0.55	-0.19	-0.09	-0.64	0.79	0.93	1.28
Basic EPS, GAAP	0.11	0.02	-0.03	0.1	0.34	0.36	0.58	-0.03	-0.6	-0.89	1.24	0.71	0.83
Basic EPS from Cont Ops	0.24	0.16	0.1	0.17	0.34	0.36	0.58	-0.03	-0.6	-0.89	1.24	0.71	0.83
Diluted EPS, GAAP	0.11	0.02	-0.03	0.1	0.31	0.34	0.56	-0.03	-0.6	-0.89	1.23	0.7	0.82
Diluted EPS from Cont Ops	0.24	0.16	0.1	0.17	0.31	0.34	0.56	-0.03	-0.6	-0.89	1.23	0.7	0.82
Dividend per Share	- -	- -	- -	0.49	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.03	-0.07	0.18	0.42	0.24	0.49	0.13	0.14	0.13	0.26	1.56	1.7	1.87
Free Cash Flow per Basic Share	-0.06	-0.1	0.13	0.37	0.02	-0.03	-0.18	0.03	0.01	0.16	1.46	1.6	1.77
Cash & Equivalents per Share	0.39	0.33	0.42	2.48	2.46	2.46	2.79	3	2.05	1.88	3.19	4.56	4.42
Book Value per Share	-0.43	-0.39	-0.34	3.54	4.08	4.79	5.88	6.4	6.45	5.99	8.2	9.07	9.76
Tangible Book Value per Share	-0.61	-0.55	-0.49	3.4	3.95	4.5	5.6	6.31	2.17	1.97	4.91	5.98	6.63