Tantech Holdings Ltd (TANH) Key Metrics
TANH valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $9.1M
- Enterprise value
- −$18.9M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.2
- Price / book
- 0.1
- EV / EBITDA
- 0.5
- Dividend yield
- —
- Beta
- 0.51
TANH key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTANH returns How much profit the business earns on the capital it uses.
TANH financial health Debt, liquidity and how easily interest is covered.
TANH efficiency & capital use Working capital cycle and where the cash goes.
TANH valuation history
TANH returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TANH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TANH cash returned to shareholders
TANH price vs earnings per share
TANH key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | — | — | — | — | $38.14B | — | — | — | — | — |
| Enterprise value | — | — | — | — | $38.11B | — | — | — | — | — |
| Price / sales | — | — | — | — | 690.2 | — | — | — | — | — |
| Price / book | — | — | — | — | 338.9 | — | — | — | — | — |
| EV / sales | — | — | — | — | 689.7 | — | — | — | — | — |
| Earnings yield | — | — | — | — | −0.0% | — | — | — | — | — |
| Free cash flow yield | — | — | — | — | −0.0% | — | — | — | — | — |
| Share price at fiscal year-end | $50.00 | $422.00 | $2,380.00 | $4,300.00 | $220,656.00 | $662,400.00 | $868,800.00 | $835,200.00 | $1,238,400.00 | $969,552.00 |
| Per share | ||||||||||
| Revenue per share | — | — | — | — | $319.69 | — | — | — | — | — |
| Earnings per share | — | — | — | — | −$61.86 | — | — | — | — | — |
| Operating cash flow per share | — | — | — | — | −$46.80 | — | — | — | — | — |
| Free cash flow per share | — | — | — | — | −$48.10 | — | — | — | — | — |
| Cash per share | — | — | — | — | $249.58 | — | — | — | — | — |
| Book value per share | — | — | — | — | $651.01 | — | — | — | — | — |
| Tangible book value per share | — | — | — | — | $649.82 | — | — | — | — | — |
| Capex per share | — | — | — | — | $1.30 | — | — | — | — | — |
| Debt per share | — | — | — | — | $74.43 | — | — | — | — | — |
| Shares outstanding | — | — | — | — | 173K | — | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −25.7% | −2.5% | 4.6% | 2.6% | −10.1% | −6.9% | −10.0% | 1.9% | 4.2% | 5.7% |
| Return on invested capital (ROIC) | −10.6% | 1.9% | 1.2% | 3.5% | −8.8% | −10.5% | 0.6% | 1.1% | 3.3% | 6.4% |
| Return on assets (ROA) | −23.2% | −2.3% | 4.0% | 2.2% | −8.5% | −5.6% | −7.7% | 1.4% | 3.2% | 4.7% |
| Return on tangible assets | −25.1% | −2.3% | 3.9% | 2.3% | −8.0% | −5.6% | −9.4% | 1.8% | 3.4% | 4.6% |
| Free cash flow margin | −15.2% | 9.1% | 10.3% | 15.4% | −15.0% | 33.2% | 29.7% | 47.7% | 5.2% | −14.8% |
| Income quality (OCF / net income) | — | — | 0.94 | 2.75 | — | — | — | 7.42 | 0.61 | −1.64 |
| Financial health | ||||||||||
| Total debt | $4.7M | $4.5M | $9.5M | $9.3M | $12.9M | $8.7M | $7.4M | $13.1M | $12.2M | $6.7M |
| Cash & short-term investments | $33.1M | $35.2M | $29.1M | $19.0M | $43.1M | $37.1M | $12.4M | $7.7M | $9.9M | $5.9M |
| Net debt | −$28.4M | −$30.7M | −$19.6M | −$9.7M | −$30.3M | −$28.4M | −$5.1M | $5.3M | $2.2M | $751,810 |
| Debt / equity | 0.04 | 0.03 | 0.08 | 0.08 | 0.11 | 0.09 | 0.08 | 0.13 | 0.12 | 0.08 |
| Debt / assets | 0.04 | 0.03 | 0.07 | 0.07 | 0.10 | 0.07 | 0.06 | 0.10 | 0.09 | 0.07 |
| Net debt / EBITDA | — | −12.07 | −2.37 | −1.37 | — | — | — | 1.55 | 0.39 | 0.08 |
| Current ratio | 6.59 | 10.02 | 6.57 | 7.88 | 4.86 | 4.87 | 3.56 | 3.17 | 3.33 | 4.52 |
| Quick ratio | 6.57 | 10.00 | 6.50 | 7.82 | 4.81 | 4.83 | 3.53 | 3.09 | 3.23 | 4.43 |
| Interest coverage | -43.7 | 13.7 | 4.4 | 9.9 | -11.5 | -34.5 | 1.7 | 3.8 | 8.4 | 13.4 |
| Working capital | $62.8M | $106.0M | $98.1M | $93.2M | $84.0M | $65.1M | $49.0M | $48.2M | $62.5M | $49.6M |
| Invested capital | $81.9M | $100.6M | $106.1M | $108.4M | $82.3M | $70.4M | $85.1M | $107.4M | $103.1M | $81.0M |
| Tangible asset value | $110.2M | $128.1M | $122.8M | $115.8M | $112.3M | $98.8M | $81.6M | $85.9M | $83.1M | $78.4M |
| Net current asset value | $60.4M | $103.1M | $97.0M | $88.6M | $83.8M | $65.1M | $47.2M | $46.1M | $60.4M | $49.6M |
| Graham net-net per share | — | — | — | — | $365.47 | — | — | — | — | — |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | $4,573 | — | — | — | — | — | — |
| Share buybacks (net) | $520,000 | — | — | $4,573 | — | — | — | — | $0 | $0 |
| Dividend payout ratio | — | — | — | 0.2% | — | — | — | — | — | — |
| Dividends + buybacks / free cash flow | — | — | — | 0.1% | — | — | — | — | 0.0% | — |
| Capex / revenue | 0.0% | 0.2% | 0.8% | 0.2% | 0.4% | 0.3% | 0.2% | 1.9% | 0.2% | 0.0% |
| Capex / operating cash flow | — | 2.0% | 7.5% | 1.0% | — | 1.0% | 0.6% | 3.8% | 3.6% | — |
| Capex / depreciation | 0.00 | 0.05 | 0.89 | 0.12 | 0.23 | 0.16 | 0.10 | 0.52 | 0.11 | 0.02 |
| Stock-based compensation / revenue | — | — | 0.0% | 3.4% | 3.3% | 0.1% | 35.4% | — | — | 4.6% |
| R&D / revenue | 0.2% | 0.1% | 1.0% | 0.4% | 14.6% | 2.1% | 0.7% | 1.3% | 1.5% | 1.0% |
| SG&A / revenue | 50.2% | 11.5% | 16.6% | 9.4% | 19.7% | 4.6% | 10.1% | 17.9% | 12.6% | 14.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 547.4 | 686.8 | 649.4 | 475.5 | 296.3 | 318.4 | 266.3 | 477.5 | 362.1 | 311.1 |
| Days of inventory on hand | 2.5 | 7.7 | 10.5 | 8.3 | 7.1 | 6.1 | 10.8 | 40.0 | 22.3 | 12.3 |
| Days payables outstanding | 2.8 | 12.4 | 21.8 | 15.5 | 12.7 | 15.4 | 17.6 | 66.6 | 41.0 | 26.8 |
| Cash conversion cycle (days) | 547.1 | 682.1 | 638.2 | 468.2 | 290.7 | 309.1 | 259.5 | 450.9 | 343.4 | 296.5 |
| Receivables turnover | 0.67 | 0.53 | 0.56 | 0.77 | 1.23 | 1.15 | 1.37 | 0.76 | 1.01 | 1.17 |
| Payables turnover | 130.58 | 29.44 | 16.78 | 23.57 | 28.85 | 23.67 | 20.72 | 5.48 | 8.90 | 13.59 |
| Inventory turnover | 143.99 | 47.65 | 34.81 | 44.09 | 51.50 | 59.69 | 33.89 | 9.13 | 16.36 | 29.73 |
| Asset turnover | 0.29 | 0.30 | 0.34 | 0.40 | 0.44 | 0.36 | 0.39 | 0.22 | 0.37 | 0.53 |
| Average receivables | $57.5M | $80.8M | $84.2M | $69.7M | $44.9M | $36.9M | $35.9M | $38.7M | $42.7M | $40.6M |
| Average payables | $239,076 | $1.2M | $2.2M | $1.8M | $1.6M | $1.6M | $2.1M | $3.9M | $3.6M | $2.5M |
| Average inventory | $216,800 | $713,412 | $1.1M | $984,192 | $870,474 | $633,439 | $1.3M | $2.4M | $2.0M | $1.1M |
| Intangibles / total assets | 0.1% | 0.1% | 0.1% | 0.1% | 0.2% | 0.6% | 11.2% | 18.0% | 19.1% | 1.9% |
Computed from TANH's annual financial statements (latest annual report filed May 14, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
TANH valuation and financial ratios
Tantech earned a return on equity of −25.7% and a return on invested capital of −10.6% in fiscal 2025. It ended the year with $4.7 million of debt and $33.1 million in cash and short-term investments, a net cash position of $28.4 million. It returned $0.5 million to shareholders: $0 in dividends and $0.5 million in share buybacks.
See the TANH income statement, the TANH chart for price history, or the TANH stock overview for the latest quote and news.
TANH key metrics FAQ
What is Tantech's return on equity?
Tantech's return on equity (ROE) was −25.7% in fiscal 2025: net income of -$31.0 million on average shareholders' equity of $120.8 million.
What is Tantech's ROIC?
Tantech's return on invested capital was −10.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Tantech have?
Tantech had total debt of $4.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.04 and more cash than debt.
Does Tantech buy back its shares?
Yes. Tantech spent $0.5 million on net share repurchases in fiscal 2025.
What is Tantech's current ratio?
Tantech's current ratio was 6.59 at the end of fiscal 2025: current assets were 6.59 times current liabilities.