TSS, Inc. (TSSI) Key Metrics
TSSI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $199.5M
- Enterprise value
- $233.0M
- P/E (TTM)
- 13.6 10-yr median 49.0
- Forward P/E
- 17.0
- PEG ratio
- 0.19
- Price / sales
- 1.0 10-yr median 0.4
- Price / book
- 3.3 10-yr median 4.3
- EV / EBITDA
- 16.6 10-yr median 8.4
- Dividend yield
- —
- Beta
- 1.98
TSSI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsTSSI valuation Price multiples at each fiscal year-end price.
TSSI returns How much profit the business earns on the capital it uses.
TSSI per-share figures Results divided by the shares outstanding at year-end.
TSSI financial health Debt, liquidity and how easily interest is covered.
TSSI efficiency & capital use Working capital cycle and where the cash goes.
TSSI valuation history
TSSI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
TSSI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
TSSI cash returned to shareholders
TSSI price vs earnings per share
TSSI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $174.6M | $292.9M | $5.9M | $11.2M | $8.3M | $14.9M | $34.1M | $15.7M | $8.1M | $616,200 |
| Enterprise value | $130.8M | $302.4M | −$1.6M | −$4.4M | $7.9M | −$920,520 | $29.1M | $11.4M | $7.5M | $272,200 |
| P/E ratio | 11.5 | 49.0 | 80.3 | — | — | 188.6 | 270.8 | 6.5 | 10.5 | — |
| Price / sales | 0.7 | 2.0 | 0.1 | 0.4 | 0.3 | 0.3 | 1.0 | 0.7 | 0.4 | 0.0 |
| Price / book | 2.3 | 41.0 | 1.7 | 3.8 | 3.8 | 4.7 | 11.9 | 6.3 | — | — |
| Price / free cash flow | 82.4 | 43.0 | — | 0.8 | — | 1.6 | 14.1 | 9.5 | — | 0.3 |
| Price / operating cash flow | 5.0 | 19.2 | — | 0.8 | — | 1.5 | 11.3 | 8.3 | — | 0.3 |
| EV / sales | 0.5 | 2.0 | -0.0 | -0.1 | 0.3 | -0.0 | 0.9 | 0.5 | 0.4 | 0.0 |
| EV / EBITDA | 8.4 | 31.9 | — | — | — | — | 34.2 | 5.4 | 4.7 | — |
| EV / free cash flow | 61.7 | 44.4 | — | — | — | — | 12.0 | 6.9 | — | 0.1 |
| Earnings yield | 8.7% | 2.0% | 1.2% | −0.6% | −15.7% | 0.5% | 0.4% | 15.5% | 9.5% | −166.0% |
| Free cash flow yield | 1.2% | 2.3% | −143.4% | 126.2% | −127.3% | 64.4% | 7.1% | 10.5% | −3.2% | 315.2% |
| Shareholder yield (dividends + buybacks) | 2.8% | 1.5% | 0.7% | 1.2% | 2.4% | 1.2% | 0.5% | 0.0% | 0.0% | 0.2% |
| Share price at fiscal year-end | $7.07 | $11.86 | $0.27 | $0.56 | $0.45 | $0.71 | $1.63 | $0.84 | $0.52 | $0.04 |
| Per share | ||||||||||
| Revenue per share | $9.95 | $6.00 | $2.47 | $1.53 | $1.49 | $2.15 | $1.57 | $1.19 | $1.18 | $1.78 |
| Earnings per share | $0.61 | $0.24 | $0.00 | −$0.00 | −$0.07 | $0.00 | $0.01 | $0.13 | $0.05 | −$0.07 |
| Operating cash flow per share | $1.41 | $0.62 | −$0.38 | $0.73 | −$0.57 | $0.48 | $0.14 | $0.10 | −$0.00 | $0.14 |
| Free cash flow per share | $0.09 | $0.28 | −$0.39 | $0.71 | −$0.57 | $0.46 | $0.12 | $0.09 | −$0.02 | $0.13 |
| Cash per share | $3.46 | $0.94 | $0.54 | $1.02 | $0.44 | $0.91 | $0.41 | $0.33 | $0.15 | $0.14 |
| Book value per share | $3.10 | $0.29 | $0.16 | $0.15 | $0.12 | $0.15 | $0.14 | $0.13 | −$0.02 | −$0.09 |
| Tangible book value per share | $3.07 | $0.26 | $0.13 | $0.11 | $0.07 | $0.10 | $0.09 | $0.07 | −$0.18 | −$0.26 |
| Capex per share | $1.33 | $0.34 | $0.01 | $0.03 | $0.00 | $0.02 | $0.03 | $0.01 | $0.01 | $0.02 |
| Debt per share | $1.69 | $1.32 | $0.20 | $0.24 | $0.41 | $0.15 | $0.17 | $0.10 | $0.11 | $0.12 |
| Shares outstanding | 24.7M | 24.7M | 22.0M | 20.1M | 18.4M | 21.0M | 20.9M | 18.7M | 15.5M | 15.4M |
| Change in shares outstanding | 0.0% | +12.2% | +9.8% | +9.2% | −12.5% | +0.3% | +11.7% | +20.9% | +0.6% | −0.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 36.1% | 111.8% | 2.3% | −2.8% | −48.2% | 2.6% | 4.7% | 224.0% | — | — |
| Return on invested capital (ROIC) | 43.1% | 130.9% | — | — | — | — | — | — | — | — |
| Return on assets (ROA) | 10.7% | 9.8% | 0.3% | −0.3% | −6.0% | 0.4% | 0.9% | 30.8% | 10.0% | −9.5% |
| Return on tangible assets | 8.2% | 6.2% | 0.3% | −0.2% | −7.1% | 0.3% | 0.8% | 30.7% | 18.0% | −17.2% |
| Free cash flow margin | 0.9% | 4.6% | −15.7% | 46.3% | −38.4% | 21.3% | 7.4% | 7.4% | −1.4% | 7.1% |
| Income quality (OCF / net income) | 2.30 | 2.56 | −111.74 | — | — | 126.54 | 23.93 | 0.78 | −0.06 | — |
| Financial health | ||||||||||
| Total debt | $41.6M | $32.7M | $4.3M | $4.8M | $7.6M | $3.2M | $3.6M | $1.8M | $1.7M | $1.8M |
| Cash & short-term investments | $85.5M | $23.2M | $11.8M | $20.4M | $8.0M | $19.0M | $8.7M | $6.2M | $2.3M | $2.2M |
| Net debt | −$43.9M | $9.5M | −$7.5M | −$15.6M | −$395,000 | −$15.8M | −$5.0M | −$4.3M | −$612,000 | −$344,000 |
| Debt / equity | 0.54 | 4.58 | 1.22 | 1.63 | 3.45 | 1.00 | 1.26 | 0.74 | — | — |
| Debt / assets | 0.23 | 0.34 | 0.17 | 0.15 | 0.39 | 0.13 | 0.21 | 0.20 | 0.25 | 0.21 |
| Net debt / EBITDA | −2.81 | 1.00 | −3.10 | −12.04 | — | −15.44 | −5.94 | −2.06 | −0.39 | — |
| Current ratio | 1.63 | 1.02 | 1.05 | 1.01 | 0.97 | 1.16 | 1.22 | 1.63 | 0.70 | 0.59 |
| Quick ratio | 1.41 | 0.71 | 0.92 | 0.97 | 0.90 | 1.15 | 1.11 | 1.60 | 0.67 | 0.58 |
| Interest coverage | 2.5 | 3.1 | 0.9 | 1.0 | -1.9 | -1.1 | 1.5 | 7.1 | 3.4 | -1.7 |
| Working capital | $46.1M | $1.3M | $893,000 | $247,000 | −$310,000 | $2.9M | $2.6M | $2.9M | −$1.6M | −$3.7M |
| Invested capital | $32.8M | $16.6M | −$4.0M | −$12.7M | $1.8M | −$12.6M | −$2.2M | −$1.9M | −$917,000 | −$1.8M |
| Tangible asset value | $75.9M | $6.4M | $2.8M | $2.1M | $1.3M | $2.2M | $1.8M | $1.3M | −$2.8M | −$4.0M |
| Net current asset value | $10.3M | −$31.2M | −$2.7M | −$4.1M | −$5.3M | $363,000 | −$513,000 | $804,000 | −$3.3M | −$4.6M |
| Graham number | $6.54 | $1.25 | $0.11 | — | — | $0.11 | $0.14 | $0.62 | — | — |
| Graham net-net per share | −$0.13 | −$1.80 | −$0.25 | −$0.27 | −$0.37 | −$0.01 | −$0.11 | $0.01 | −$0.24 | −$0.37 |
| Capital allocation | ||||||||||
| Share buybacks (net) | $4.9M | $4.5M | $40,000 | $134,000 | $197,000 | $174,000 | $158,000 | $6,000 | $4,000 | $1,000 |
| Dividends + buybacks / free cash flow | 231.3% | 65.8% | — | 0.9% | — | 1.8% | 6.5% | 0.4% | — | 0.1% |
| Capex / revenue | 13.3% | 5.7% | 0.5% | 1.7% | 0.2% | 0.9% | 1.8% | 1.1% | 1.2% | 1.1% |
| Capex / operating cash flow | 93.9% | 55.5% | — | 3.6% | — | 4.0% | 19.7% | 12.7% | — | 13.0% |
| Capex / depreciation | 8.70 | 13.95 | 0.80 | 1.40 | 0.12 | 0.75 | 1.61 | 0.63 | 0.44 | 0.48 |
| Stock-based compensation / revenue | 1.6% | 0.8% | 1.1% | 1.7% | 1.7% | 0.9% | 1.1% | 1.1% | 0.4% | 0.7% |
| SG&A / revenue | 8.4% | 8.9% | 16.4% | 25.1% | 24.3% | 14.8% | 17.5% | 28.5% | 35.3% | 29.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 24.2 | 27.0 | 26.2 | 32.1 | 27.6 | 23.4 | 27.4 | 17.1 | 41.3 | 73.4 |
| Days of inventory on hand | 28.6 | 29.0 | 13.5 | 14.4 | 9.1 | 7.4 | 10.2 | 3.2 | 3.3 | 1.1 |
| Days payables outstanding | 69.9 | 69.9 | 136.1 | 214.3 | 156.3 | 97.5 | 61.6 | 31.1 | 87.3 | 82.5 |
| Cash conversion cycle (days) | -17.1 | -13.9 | -96.4 | -167.8 | -119.6 | -66.8 | -23.9 | -10.8 | -42.7 | -8.0 |
| Receivables turnover | 15.09 | 13.53 | 13.93 | 11.36 | 13.24 | 15.63 | 13.31 | 21.33 | 8.85 | 4.97 |
| Payables turnover | 5.22 | 5.22 | 2.68 | 1.70 | 2.34 | 3.74 | 5.93 | 11.75 | 4.18 | 4.42 |
| Inventory turnover | 12.75 | 12.57 | 27.08 | 25.34 | 40.32 | 49.37 | 35.85 | 114.48 | 109.75 | 322.64 |
| Asset turnover | 1.75 | 2.43 | 1.91 | 1.21 | 1.27 | 2.18 | 2.46 | 2.82 | 2.39 | 2.53 |
| Average receivables | $16.3M | $10.9M | $3.9M | $2.7M | $2.1M | $2.9M | $2.5M | $1.0M | $2.1M | $5.5M |
| Average payables | $41.1M | $24.1M | $16.2M | $12.7M | $9.0M | $10.2M | $4.4M | $1.2M | $2.5M | $4.6M |
| Average inventory | $16.8M | $10.0M | $1.6M | $854,500 | $522,000 | $775,000 | $730,500 | $121,000 | $96,500 | $62,500 |
| Intangibles / total assets | 0.4% | 0.8% | 3.0% | 2.6% | 4.7% | 4.2% | 6.2% | 12.9% | 36.7% | 30.4% |
Computed from TSSI's annual financial statements (latest annual report filed March 18, 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.
TSSI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), TSS traded at 11.5 times earnings, against a 10-year median of 49.0. Based on the latest twelve months, the trailing P/E is 13.6 and the forward P/E is 17.0. TSS earned a return on equity of 36.1% and a return on invested capital of 43.1% in fiscal 2025. It ended the year with $41.6 million of debt and $85.5 million in cash and short-term investments, a net cash position of $43.9 million. It returned $4.9 million to shareholders: $0 in dividends and $4.9 million in share buybacks, 231% of free cash flow. The share count rose 60.3% from 15.4M to 24.7M over 9 years.
See the TSSI income statement, the TSSI chart for price history, or the TSSI stock overview for the latest quote and news.
TSSI key metrics FAQ
What is TSS's P/E ratio?
TSS's trailing P/E ratio is 13.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 17.0. At the end of fiscal 2025 it was 11.5, compared with a 10-year median of 49.0.
What is TSS's EV/EBITDA?
TSS's enterprise value was 8.4 times EBITDA at the end of fiscal 2025 (enterprise value $130.8 million, EBITDA $15.6 million); the current EV/EBITDA is 16.6.
What is TSS's return on equity?
TSS's return on equity (ROE) was 36.1% in fiscal 2025: net income of $15.1 million on average shareholders' equity of $41.9 million.
What is TSS's ROIC?
TSS's return on invested capital was 43.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does TSS have?
TSS had total debt of $41.6 million at the end of fiscal 2025, a debt-to-equity ratio of 0.54 and more cash than debt.
Does TSS buy back its shares?
Yes. TSS spent $4.9 million on net share repurchases in fiscal 2025 Shares outstanding changed 0.0% over the year, to 24.7M..
What is TSS's free cash flow yield?
TSS generated $2.1 million of free cash flow in fiscal 2025, a free cash flow yield of 1.2% on its market value at year-end ($174.6 million).
What is TSS's current ratio?
TSS's current ratio was 1.63 at the end of fiscal 2025: current assets were 1.63 times current liabilities.