Tactile Systems Technology, Inc. (TCMD) Key Metrics
TCMD valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $510.1M
- Enterprise value
- $437.7M
- P/E (TTM)
- 20.9 10-yr median 93.4
- Forward P/E
- 19.1
- PEG ratio
- 17.79
- Price / sales
- 1.5 10-yr median 2.7
- Price / book
- 2.3 10-yr median 3.9
- EV / EBITDA
- 9.9 10-yr median 69.1
- Dividend yield
- —
- Beta
- 0.82
TCMD key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTCMD valuation Price multiples at each fiscal year-end price.
TCMD returns How much profit the business earns on the capital it uses.
TCMD per-share figures Results divided by the shares outstanding at year-end.
TCMD financial health Debt, liquidity and how easily interest is covered.
TCMD efficiency & capital use Working capital cycle and where the cash goes.
TCMD valuation history
TCMD returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TCMD debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TCMD cash returned to shareholders
TCMD price vs earnings per share
TCMD key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $675.6M | $413.5M | $331.4M | $230.4M | $375.3M | $869.5M | $1.33B | $881.3M | $547.1M | $276.6M |
| Enterprise value | $608.1M | $349.7M | $306.6M | $264.6M | $415.2M | $832.3M | $1.29B | $835.4M | $503.2M | $235.0M |
| P/E ratio | 35.4 | 24.4 | 11.6 | — | — | — | 120.9 | 133.1 | 93.4 | 96.1 |
| Price / sales | 2.1 | 1.4 | 1.2 | 0.9 | 1.8 | 4.6 | 7.0 | 6.1 | 5.0 | 3.3 |
| Price / book | 3.1 | 1.9 | 1.7 | 1.9 | 2.9 | 7.0 | 11.8 | 9.9 | 7.5 | 4.6 |
| Price / free cash flow | 16.7 | 10.8 | 9.9 | 70.0 | — | — | — | — | — | 44.6 |
| Price / operating cash flow | 15.8 | 10.2 | 9.2 | 44.2 | 142.6 | 311.2 | 528.3 | 97.8 | 130.5 | 39.3 |
| EV / sales | 1.8 | 1.2 | 1.1 | 1.1 | 2.0 | 4.4 | 6.8 | 5.8 | 4.6 | 2.8 |
| EV / EBITDA | 15.6 | 10.8 | 11.6 | — | 295.1 | — | 91.8 | 279.4 | 129.1 | 46.3 |
| EV / free cash flow | 15.0 | 9.2 | 9.2 | 80.4 | — | — | — | — | — | 37.9 |
| Earnings yield | 2.8% | 4.1% | 8.6% | −7.8% | −3.1% | −0.1% | 0.8% | 0.8% | 1.1% | 1.0% |
| Free cash flow yield | 6.0% | 9.2% | 10.1% | 1.4% | 0.1% | 0.1% | −0.3% | −0.1% | 0.1% | 2.2% |
| Dividend yield | — | — | 2.5% | 0.6% | 16.3% | — | — | 0.0% | 0.0% | 3.0% |
| Shareholder yield (dividends + buybacks) | 3.9% | 0.8% | 2.5% | 0.6% | 16.6% | 0.2% | 0.3% | 0.3% | 0.1% | 3.0% |
| Share price at fiscal year-end | $29.00 | $17.13 | $14.30 | $11.48 | $19.03 | $44.94 | $67.51 | $45.55 | $28.98 | $16.41 |
| Per share | ||||||||||
| Revenue per share | $14.15 | $12.14 | $11.84 | $12.30 | $10.55 | $9.67 | $9.65 | $7.43 | $5.79 | $5.02 |
| Earnings per share | $0.82 | $0.70 | $1.23 | −$0.89 | −$0.60 | −$0.03 | $0.56 | $0.34 | $0.31 | $0.17 |
| Operating cash flow per share | $1.84 | $1.68 | $1.55 | $0.26 | $0.13 | $0.14 | $0.13 | $0.47 | $0.22 | $0.42 |
| Free cash flow per share | $1.74 | $1.58 | $1.44 | $0.16 | $0.01 | $0.03 | −$0.18 | −$0.03 | $0.02 | $0.37 |
| Cash per share | $3.58 | $4.51 | $3.25 | $1.90 | $2.06 | $3.03 | $2.72 | $2.37 | $2.33 | $2.47 |
| Book value per share | $9.40 | $8.97 | $8.36 | $6.05 | $6.50 | $6.45 | $5.73 | $4.61 | $3.86 | $3.54 |
| Tangible book value per share | $6.38 | $5.91 | $5.00 | $1.99 | $2.18 | $6.36 | $5.46 | $4.34 | $3.74 | $3.40 |
| Dividends per share | — | — | $0.36 | $0.07 | $3.10 | — | — | $0.00 | $0.00 | $0.49 |
| Capex per share | $0.10 | $0.10 | $0.11 | $0.10 | $0.12 | $0.12 | $0.30 | $0.49 | $0.20 | $0.05 |
| Debt per share | $0.69 | $1.87 | $2.17 | $3.60 | $4.09 | $1.11 | $0.84 | $0.00 | $0.00 | $0.00 |
| Shares outstanding | 23.3M | 24.1M | 23.2M | 20.1M | 19.7M | 19.3M | 19.6M | 19.3M | 18.9M | 16.9M |
| Change in shares outstanding | −3.5% | +4.2% | +15.5% | +1.8% | +1.9% | −1.5% | +1.5% | +2.5% | +12.0% | +26.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 8.8% | 8.3% | 18.1% | −14.3% | −9.3% | −0.5% | 10.9% | 8.2% | 8.8% | 6.6% |
| Return on invested capital (ROIC) | 11.7% | 10.0% | 11.1% | −6.2% | −1.1% | −3.5% | 17.4% | 8.3% | 16.6% | 14.6% |
| Return on assets (ROA) | 6.7% | 5.9% | 10.6% | −7.2% | −5.6% | −0.4% | 8.5% | 6.8% | 7.2% | 5.2% |
| Return on tangible assets | 9.4% | 7.6% | 14.0% | −10.3% | −7.4% | −0.4% | 7.5% | 6.5% | 6.8% | 4.0% |
| Free cash flow margin | 12.3% | 13.0% | 12.2% | 1.3% | 0.1% | 0.3% | −1.8% | −0.4% | 0.3% | 7.3% |
| Income quality (OCF / net income) | 2.24 | 2.40 | 1.26 | — | — | — | 0.23 | 1.36 | 0.72 | 2.44 |
| Financial health | ||||||||||
| Total debt | $16.0M | $45.1M | $50.4M | $72.2M | $80.6M | $21.4M | $16.6M | $5,000 | $17,000 | $67,000 |
| Cash & short-term investments | $83.4M | $108.9M | $75.2M | $38.1M | $40.7M | $58.6M | $53.4M | $45.9M | $43.9M | $41.7M |
| Net debt | −$67.5M | −$63.8M | −$24.9M | $34.2M | $39.9M | −$37.2M | −$36.8M | −$45.9M | −$43.9M | −$41.6M |
| Debt / equity | 0.07 | 0.21 | 0.26 | 0.59 | 0.63 | 0.17 | 0.15 | 0.00 | 0.00 | 0.00 |
| Debt / assets | 0.06 | 0.15 | 0.18 | 0.28 | 0.33 | 0.12 | 0.11 | 0.00 | 0.00 | 0.00 |
| Net debt / EBITDA | −1.73 | −1.97 | −0.94 | — | 28.36 | — | −2.62 | −15.34 | −11.26 | −8.21 |
| Current ratio | 4.03 | 4.36 | 3.54 | 1.86 | 3.29 | 4.63 | 5.06 | 5.28 | 5.29 | 4.66 |
| Quick ratio | 3.69 | 3.90 | 2.99 | 1.50 | 2.74 | 3.93 | 4.17 | 4.59 | 4.53 | 4.18 |
| Interest coverage | 28.2 | 10.6 | 4.4 | -4.6 | -3.3 | -2.7 | 16.6 | — | — | — |
| Working capital | $124.2M | $136.9M | $104.2M | $55.4M | $79.1M | $96.9M | $86.9M | $68.9M | $62.4M | $50.4M |
| Invested capital | $151.4M | $152.8M | $168.8M | $155.6M | $168.1M | $87.6M | $75.8M | $43.4M | $28.9M | $18.0M |
| Tangible asset value | $148.7M | $142.7M | $115.9M | $40.0M | $43.1M | $123.1M | $107.3M | $83.9M | $70.6M | $57.2M |
| Net current asset value | $110.1M | $96.2M | $57.5M | −$13.8M | −$2.5M | $74.3M | $69.2M | $67.2M | $61.2M | $49.9M |
| Graham number | $13.16 | $11.91 | $15.21 | — | — | — | $8.49 | $5.96 | $5.19 | $3.69 |
| Graham net-net per share | $2.93 | $2.93 | $1.34 | −$2.14 | −$1.45 | $2.66 | $2.49 | $2.75 | $2.57 | $2.49 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $8.3M | $1.4M | $61.1M | — | — | $0 | $0 | $8.2M |
| Share buybacks (net) | $26.6M | $3.5M | $0 | $0 | $1.2M | $1.9M | $3.4M | $2.4M | $493,000 | $0 |
| Dividend payout ratio | — | — | 29.0% | — | — | — | — | 0.0% | 0.0% | 285.1% |
| Dividends + buybacks / free cash flow | 65.7% | 9.2% | 24.8% | 43.8% | — | 368.6% | — | — | 132.5% | 132.4% |
| Capex / revenue | 0.7% | 0.9% | 0.9% | 0.8% | 1.1% | 1.2% | 3.2% | 6.6% | 3.5% | 1.0% |
| Capex / operating cash flow | 5.6% | 6.2% | 6.9% | 36.9% | 89.5% | 82.0% | 238.6% | 106.0% | 91.1% | 11.8% |
| Capex / depreciation | 0.36 | 0.37 | 0.38 | 0.31 | 0.64 | 0.82 | 1.69 | 2.63 | 2.07 | 1.04 |
| Stock-based compensation / revenue | 2.5% | 2.7% | 2.8% | 3.9% | 4.9% | 5.7% | 5.2% | 5.5% | 3.9% | 2.2% |
| R&D / revenue | 2.6% | 3.0% | 2.9% | 2.9% | 2.7% | 2.8% | 2.7% | 3.7% | 4.6% | 5.3% |
| SG&A / revenue | 63.7% | 62.5% | 61.7% | 67.8% | 69.0% | 70.0% | 62.5% | 65.4% | 65.3% | 62.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 49.2 | 54.9 | 65.2 | 77.1 | 81.9 | 75.4 | 57.4 | 58.2 | 58.0 | 62.9 |
| Days of inventory on hand | 72.9 | 98.5 | 105.1 | 109.1 | 115.2 | 126.4 | 99.9 | 97.8 | 110.7 | 98.1 |
| Days payables outstanding | 23.7 | 29.4 | 38.3 | 38.7 | 28.1 | 27.0 | 29.6 | 41.2 | 50.5 | 56.6 |
| Cash conversion cycle (days) | 98.4 | 124.0 | 131.9 | 147.6 | 169.0 | 174.8 | 127.7 | 114.8 | 118.2 | 104.5 |
| Receivables turnover | 7.42 | 6.65 | 5.60 | 4.73 | 4.46 | 4.84 | 6.36 | 6.27 | 6.29 | 5.80 |
| Payables turnover | 15.41 | 12.40 | 9.53 | 9.44 | 12.98 | 13.51 | 12.34 | 8.86 | 7.23 | 6.45 |
| Inventory turnover | 5.01 | 3.70 | 3.47 | 3.34 | 3.17 | 2.89 | 3.65 | 3.73 | 3.30 | 3.72 |
| Asset turnover | 1.15 | 1.01 | 1.02 | 0.99 | 0.99 | 1.15 | 1.46 | 1.47 | 1.35 | 1.52 |
| Average receivables | $44.4M | $44.1M | $49.0M | $52.2M | $46.7M | $38.6M | $29.8M | $22.9M | $17.4M | $14.6M |
| Average payables | $5.3M | $6.2M | $8.3M | $7.5M | $4.6M | $4.0M | $4.5M | $4.7M | $4.0M | $3.6M |
| Average inventory | $16.3M | $20.6M | $22.8M | $21.2M | $18.9M | $18.8M | $15.1M | $11.1M | $8.8M | $6.2M |
| Intangibles / total assets | 25.6% | 24.8% | 27.6% | 31.9% | 34.9% | 1.0% | 3.5% | 5.0% | 2.5% | 3.2% |
Computed from TCMD's annual financial statements (latest annual report filed February 17, 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.
TCMD valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Tactile Systems Technology traded at 35.4 times earnings, against a 10-year median of 93.4. Based on the latest twelve months, the trailing P/E is 20.9 and the forward P/E is 19.1. Tactile Systems Technology earned a return on equity of 8.8% and a return on invested capital of 11.7% in fiscal 2025. It ended the year with $16.0 million of debt and $83.4 million in cash and short-term investments, a net cash position of $67.5 million. It returned $26.6 million to shareholders: $0 in dividends and $26.6 million in share buybacks, 66% of free cash flow. The share count rose 38.2% from 16.9M to 23.3M over 9 years.
See the TCMD income statement, the TCMD chart for price history, or the TCMD stock overview for the latest quote and news.
TCMD key metrics FAQ
What is Tactile Systems Technology's P/E ratio?
Tactile Systems Technology's trailing P/E ratio is 20.9 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 19.1. At the end of fiscal 2025 it was 35.4, compared with a 10-year median of 93.4.
What is Tactile Systems Technology's EV/EBITDA?
Tactile Systems Technology's enterprise value was 15.6 times EBITDA at the end of fiscal 2025 (enterprise value $608.1 million, EBITDA $39.0 million); the current EV/EBITDA is 9.9.
What is Tactile Systems Technology's return on equity?
Tactile Systems Technology's return on equity (ROE) was 8.8% in fiscal 2025: net income of $19.1 million on average shareholders' equity of $217.7 million.
What is Tactile Systems Technology's ROIC?
Tactile Systems Technology's return on invested capital was 11.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Tactile Systems Technology have?
Tactile Systems Technology had total debt of $16.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.07 and more cash than debt.
Does Tactile Systems Technology buy back its shares?
Yes. Tactile Systems Technology spent $26.6 million on net share repurchases in fiscal 2025 Shares outstanding changed −3.5% over the year, to 23.3M..
What is Tactile Systems Technology's free cash flow yield?
Tactile Systems Technology generated $40.4 million of free cash flow in fiscal 2025, a free cash flow yield of 6.0% on its market value at year-end ($675.6 million).
What is Tactile Systems Technology's current ratio?
Tactile Systems Technology's current ratio was 4.03 at the end of fiscal 2025: current assets were 4.03 times current liabilities.