Tactile Systems Technology, Inc. Financial Ratios — TCMD

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	-2.3	3.79	-1.51	-2.63	16.41	- -	- -	- -	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	2.03	2.55	2.62	13.76	22.15	31.06	22.25	12.51	3.9	2.53	4.69	5.61	10.29

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	- -	- -	- -	276	517	849	1,293	876	378	233	337	409	651
- 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	23	26	26	235	473	803	1,256	839	418	267	313	345	567
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	- -	- -	- -	- -	- -	- -	0.01	0.03	0.19	0.27	0.16	0.13	0.03
EV/Sales	0.61	0.54	0.41	2.77	4.33	5.58	6.63	4.48	2.01	1.08	1.14	1.18	1.72
EV/EBITDA	7.69	5.7	6.05	46.25	83.06	119.33	89.5	- -	215.78	- -	12.72	11.92	15.8
EV/EBIT	9.58	6.76	7.5	54.9	121.42	268.48	119.66	- -	- -	- -	17.33	15.57	19.38
EV/Cash Flow to Firm	- -	- -	10.78	33.35	112.9	89.13	500.48	300.23	158.94	31.64	7.21	8.19	13.06
EV/Free Cash Flow to Firm	- -	- -	8.58	29.82	59.07	43.27	147.82	164.96	83.87	25.77	6.84	7.75	12.38
Diluted Market Cap	- -	- -	- -	276	547	881	1,326	869	375	230	331	413	676
Diluted Enterprise Value	23	26	26	246	523	861	1,320	843	428	281	321	364	608
EV per Share	1.37	1.54	1.55	13.93	26.52	43.09	65.59	43.03	21.04	13.17	13.25	14.46	25.29
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	4	9	3	3	3	8	43	42	43
TTM Free Cash Flow to Firm	- -	-1	3	8	8	19	8	5	5	10	46	45	46

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	- -	- -	- -	35.12	68.28	47.5	156.03	170.98	75.26	32.32	8.68	9.61	14.95
EV/EBIT	9.58	6.76	7.5	54.9	121.42	268.48	119.66	- -	- -	- -	17.33	15.57	19.38
Enterprise Value	23	26	26	235	473	803	1,256	839	418	267	313	345	567
Low Price	- -	- -	- -	10	14.37	27.04	40.62	29.47	18.49	6.28	9.7	11.12	8.61
EV/Sales	0.61	0.54	0.41	2.77	4.33	5.58	6.63	4.48	2.01	1.08	1.14	1.18	1.72
EV/EBITDA	7.69	5.7	6.05	46.25	83.06	119.33	89.5	- -	215.78	- -	12.72	11.92	15.8
Price/Earnings	- -	- -	- -	169.27	85.9	125.53	116.42	- -	- -	- -	11.5	24.12	34.75
Price/Earnings Average	- -	- -	- -	170.21	74.35	132.75	96.31	-1,376.47	-75.33	-13.24	13.43	20.26	18.42
Price/Earnings High	- -	- -	- -	229.92	112.27	201.83	132.15	-2,190.1	-107.74	-24.28	20.99	29.71	36.24
Price/Earnings Low	- -	- -	- -	103.15	42.6	74.52	70.05	-919.6	-30.87	-7.05	7.79	15.66	10.32
Price/Book Value	- -	- -	- -	4.63	7.11	9.51	11.48	7.02	2.95	1.92	1.74	1.89	2.97
Price/Book Value Average	- -	- -	- -	4.66	6.15	10.05	9.5	6.89	6.99	1.97	2.04	1.59	1.58
Price/Book Value High	- -	- -	- -	6.29	9.29	15.28	13.03	10.97	10	3.61	3.18	2.33	3.1
Price/Book Value Low	- -	- -	- -	2.82	3.52	5.64	6.91	4.6	2.87	1.05	1.18	1.23	0.88
Price/Tangible Book Value	- -	- -	- -	4.83	7.33	10.11	12.05	7.12	8.78	5.82	2.91	2.87	4.38
Price/Tangible Book Value Average	- -	- -	- -	4.85	6.34	10.69	9.97	6.99	20.82	5.97	3.4	2.41	2.32
Price/Tangible Book Value High	- -	- -	- -	6.55	9.58	16.26	13.68	11.12	29.77	10.96	5.32	3.53	4.56
Price/Tangible Book Value Low	- -	- -	- -	2.94	3.63	6	7.25	4.67	8.53	3.18	1.97	1.86	1.3
Price/Sales	- -	- -	- -	3.27	4.6	5.78	6.74	4.65	1.8	0.93	1.19	1.4	2.01
Price/Sales Average	- -	- -	- -	3.29	3.98	6.12	5.58	4.56	4.28	0.96	1.4	1.17	1.07
Price/Sales High	- -	- -	- -	4.44	6.01	9.3	7.65	7.26	6.12	1.76	2.18	1.72	2.1
Price/Sales Low	- -	- -	- -	1.99	2.28	3.43	4.06	3.05	1.75	0.51	0.81	0.91	0.6
Price/Cash Flow	- -	- -	- -	39.28	119.98	92.31	508.85	311.19	142.63	44.23	9.14	10.06	15.49
Price/Cash Flow Average	- -	- -	- -	39.5	103.85	97.61	420.96	305.44	338.15	45.39	10.68	8.45	8.21
Price/Cash Flow High	- -	- -	- -	53.35	156.81	148.41	577.6	485.99	483.66	83.29	16.69	12.4	16.16
Price/Cash Flow Low	- -	- -	- -	23.94	59.49	54.8	306.17	204.06	138.58	24.19	6.2	6.53	4.6
Price/Free Cash Flow Average	- -	- -	- -	35.32	59.1	50.23	129.08	167.83	178.43	33.17	10.14	8.07	7.92
Price/Free Cash Flow High	- -	- -	- -	47.7	89.24	76.37	177.11	267.03	255.21	60.86	15.85	11.83	15.59
Price/Free Cash Flow Low	- -	- -	- -	21.4	33.86	28.2	93.88	112.12	73.13	17.68	5.89	6.24	4.44
EV/Sales Average	0.61	0.54	0.41	2.92	3.88	6.1	5.61	4.45	4.56	1.17	1.4	1	0.84
EV/Sales High	0.61	0.54	0.41	4.08	5.97	9.35	7.71	7.17	6.42	1.98	2.21	1.55	1.85
EV/Sales Low	0.61	0.54	0.41	1.63	2.13	3.36	4.07	2.93	2.02	0.72	0.79	0.74	0.38
EV/EBITDA Average	7.69	5.7	6.05	48.73	74.36	130.42	75.77	-999.26	489.78	-44.52	15.6	10.16	7.72
EV/EBITDA High	7.69	5.7	6.05	67.94	114.42	199.84	104.12	-1,608.68	688.9	-75.22	24.64	15.69	17.01
EV/EBITDA Low	7.69	5.7	6.05	27.14	40.8	71.91	54.99	-657.06	216.68	-27.35	8.88	7.47	3.5
EV/EBIT Average	9.58	6.76	7.5	57.84	108.69	293.42	101.3	-229.71	-538.7	-22.65	21.26	13.27	9.48
EV/EBIT High	9.58	6.76	7.5	80.65	167.26	449.62	139.22	-369.8	-757.72	-38.26	33.57	20.5	20.87
EV/EBIT Low	9.58	6.76	7.5	32.22	59.64	161.77	73.52	-151.04	-238.32	-13.91	12.09	9.75	4.29
Last Price	- -	- -	- -	16.41	28.98	45.55	67.51	44.94	19.03	11.48	14.3	17.13	29
High Price	- -	- -	- -	22.29	37.88	73.24	76.63	70.18	64.53	21.62	26.11	21.1	30.24
Enterprise Value Average	23	26	26	247	424	877	1,063	833	949	289	384	294	277
Enterprise Value High	23	26	26	345	652	1,344	1,461	1,342	1,335	488	606	455	611
Enterprise Value Low	23	26	26	138	232	484	772	548	420	177	218	216	126

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

Tactile Systems Technology, Inc.

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Per Share Data Items (USD)