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TANH logoTantech Holdings Ltd(TANH)Earnings, Financials & Key Ratios

TANH•NASDAQ
$0.38
$425426 mkt cap·Price updated May 6, 2026
SectorConsumer DefensiveIndustryHousehold ProductsSub-IndustryHousehold Cleaning and Paper Goods
AboutTantech Holdings Ltd, together with its subsidiaries, develops and manufactures bamboo-based charcoal products for industrial energy, household cooking, heating, purification, agricultural, and cleaning applications in the People's Republic of China and internationally. The company operates in two segments: Consumer Products and Electric Vehicle. It provides pressed and formed charcoal briquettes for use in grills, incense burners, and other applications under the Algold brand. The company also offers Charcoal Doctor branded products, such as air purifiers and humidifiers, automotive accessories for air purification, underfloor humidity control products, pillows and mattresses, wardrobe deodorizers, mouse pads and wrist mats, refrigerator deodorants, charcoal toilet cleaner disks, liquid charcoal cleaners, shoe insoles, and decorative charcoal gifts. In addition, it provides bamboo vinegar, a liquid byproduct for use in disinfectants, detergents, lotions, specialized soaps, toilet cleaners, and fertilizers, as well as in various agricultural applications; and trades in charcoal products. Further, the company develops and sells electric buses, electric logistics cars, and specialty electric vehicles, such as brushless cleaning cars, electric cleaning cars, special emergency vehicles, and funeral cars; and solar cells, lithium-ion batteries, auto parts, and electric control systems. It is also involved in the supply chain business. The company was founded in 2001 and is headquartered in Lishui, the People's Republic of China.Show more
  • Revenue$43M-9.3%
  • EBITDA$6M+146.2%
  • Net Income-$3M-158.1%
  • EPS (Diluted)-7.66-107.1%
  • Gross Margin20.83%-3.1%
  • EBITDA Margin13.07%+171.3%
  • Operating Margin9.28%+139.7%
  • Net Margin-7.55%-164.0%
  • ROE-2.58%-155.2%
  • ROIC2.97%+126.9%
  • Debt/Equity0.04-54.5%
  • Interest Coverage13.72+215.4%
Technical→

TANH Key Insights

Tantech Holdings Ltd (TANH) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Share count reduced 84.7% through buybacks
  • ✓Trading at only 0.0x book value

✗Weaknesses

  • ✗Weak 3Y average ROE of 1.6%
  • ✗Weak momentum: RS Rating 2 (bottom 2%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

TANH Price & Volume

Tantech Holdings Ltd (TANH) stock price & volume — 10-year historical chart

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TANH Growth Metrics

Tantech Holdings Ltd (TANH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-4.13%
5 Years-2.7%
3 Years-8.07%
TTM-99.84%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM47.88%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM23.43%

Return on Capital

10 Years2.2%
5 Years-1.78%
3 Years3.23%
Last Year3.12%

TANH Peer Comparison

Tantech Holdings Ltd (TANH) competitors in Household Cleaning and Paper Goods — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
CODA logoCODACoda Octopus Group, Inc.Direct Competitor131.47M11.6731.5330.75%14.78%7.17%4.59%0.01
CBAT logoCBATCBAK Energy Technology, Inc.Direct Competitor71.21M0.796.11-13.61%-4.03%-5.5%31.62%0.25
NRGV logoNRGVEnergy Vault Holdings, Inc.Direct Competitor870.06M5.03-7.74340.86%-52.97%-146.8%1.07
GPRE logoGPREGreen Plains Inc.Product Competitor1.27B18.25-10.14-14.93%-5.8%-15.71%5.78%0.66
AMTX logoAMTXAemetis, Inc.Product Competitor249.41M3.66-2.86-22.29%-38.96%
GEVO logoGEVOGevo, Inc.Product Competitor506.75M2.09-14.938.49%0.75%0.25%0.01
PESI logoPESIPerma-Fix Environmental Services, Inc.Product Competitor239.82M12.93-17.244.33%-22.35%-24.89%0.09
BEEM logoBEEMBeam GlobalSupply Chain35.09M1.88-2.44-26.75%-105.89%-110.47%0.05

Compare TANH vs Peers

Tantech Holdings Ltd (TANH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CODA

Most directly comparable listed peer for TANH.

Scale Benchmark

vs PLUG

Larger-name benchmark to compare TANH against a more recognizable public peer.

Peer Set

Compare Top 5

vs CODA, CBAT, NRGV, GPRE

TANH Income Statement

Tantech Holdings Ltd (TANH) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24
Sales/Revenue47.67M43.08M29.56M49.23M42.28M55.26M53.49M47.32M42.94M
Revenue Growth %-18.98%-9.61%-31.39%66.54%-14.11%30.7%-3.21%-11.54%-9.25%
Cost of Goods Sold34.12M32.41M21.53M43.25M37.81M44.83M43.4M37.14M34M
COGS % of Revenue71.59%75.21%72.84%87.86%89.41%81.12%81.13%78.5%79.17%
Gross Profit
13.54M▲ 0%
10.68M▼ 21.2%
8.03M▼ 24.8%
5.98M▼ 25.6%
4.48M▼ 25.1%
10.43M▲ 133.0%
10.09M▼ 3.2%
10.17M▲ 0.8%
8.94M▼ 12.1%
Gross Margin %28.41%24.79%27.16%12.14%10.59%18.88%18.87%21.5%20.83%
Gross Profit Growth %-19.77%-21.16%-24.81%-25.55%-25.11%133.03%-3.25%0.81%-12.1%
Operating Expenses7.25M6.07M5.68M5.3M2.82M18.95M4.18M8.34M4.96M
OpEx % of Revenue15.21%14.09%19.21%10.77%6.68%34.28%7.81%17.63%11.55%
Selling, General & Admin6.77M5.44M5.29M4.98M1.93M10.89M5.29M7.87M4.92M
SG&A % of Revenue14.2%12.63%17.9%10.11%4.57%19.71%9.89%16.63%11.46%
Research & Development479.35K627.58K386.63K327.26K890.32K8.05M227.83K471.19K38.8K
R&D % of Revenue1.01%1.46%1.31%0.66%2.11%14.57%0.43%1%0.09%
Other Operating Expenses000000-1.34M00
Operating Income
6.3M▲ 0%
4.61M▼ 26.8%
2.35M▼ 49.0%
731.64K▼ 68.9%
-10.34M▼ 1513.9%
-8.51M▲ 17.7%
5.93M▲ 169.7%
1.83M▼ 69.1%
3.98M▲ 117.5%
Operating Margin %13.21%10.69%7.95%1.49%-24.47%-15.41%11.09%3.87%9.28%
Operating Income Growth %-38.37%-26.81%-48.99%-68.87%-1513.94%17.69%169.69%-69.13%117.48%
EBITDA6.87M5.39M3.42M1.64M-9.47M-7.55M6.63M2.28M5.61M
EBITDA Margin %14.41%12.5%11.57%3.32%-22.39%-13.67%12.4%4.82%13.07%
EBITDA Growth %-41.06%-21.59%-36.47%-52.19%-678.75%20.21%187.83%-65.64%146.17%
D&A (Non-Cash Add-back)573.91K778.6K1.07M904.13K877.92K961.57K700.34K447.25K1.63M
EBIT8.76M5.03M2.65M-8.85M-10.33M-7.52M6.33M7.8M914.66K
Net Interest Income-470.08K-532.4K-569.45K-390.2K-249.39K-622.66K1.01M1.81M1.6M
Interest Income57118.75K56.89K53.06K50.73K117.73K1.61M2.23M1.89M
Interest Expense470.66K551.54K626.34K443.26K300.13K740.4K602.04K421.08K290.37K
Other Income/Expense-318.46K-96.3K-322.38K-386.53K-288.92K251.34K1.25M5.61M-3.36M
Pretax Income
5.97M▲ 0%
4.51M▼ 24.5%
2.03M▼ 55.0%
-9.3M▼ 558.4%
-10.63M▼ 14.4%
-8.26M▲ 22.3%
7.18M▲ 186.9%
7.38M▲ 2.8%
624.3K▼ 91.5%
Pretax Margin %12.54%10.47%6.86%-18.88%-25.15%-14.95%13.42%15.6%1.45%
Income Tax1.37M1.53M1.03M363.66K-611.65K2.43M3.14M2.36M3.11M
Effective Tax Rate %22.88%33.87%50.85%-3.91%5.75%-29.4%43.76%32.03%498.33%
Net Income
4.3M▲ 0%
3.77M▼ 12.4%
1.98M▼ 47.5%
-9.66M▼ 588.6%
-6.52M▲ 32.5%
-8.36M▼ 28.2%
3.02M▲ 136.1%
5.58M▲ 84.8%
-3.24M▼ 158.1%
Net Margin %9.02%8.74%6.69%-19.62%-15.42%-15.12%5.65%11.8%-7.55%
Net Income Growth %-49.05%-12.38%-47.53%-588.64%32.5%-28.18%136.15%84.8%-158.07%
Net Income (Continuing)6.97M2.95M996.63K-9.66M-10.02M-10.69M4.04M6.9M-2.49M
Discontinued Operations065.55K83.37K-299.41K00-1.45M-1.88M-1.08M
Minority Interest08.8M7.92M4.35M638.85K-1.72M-2.15M-2.71M-3.03M
EPS (Diluted)
21.60▲ 0%
36.00▲ 66.7%
16.50▼ 54.2%
-80.35▼ 587.0%
-52.93▲ 34.1%
-61.86▼ 16.9%
3.00▲ 104.8%
107.93▲ 3497.7%
-7.66▼ 107.1%
EPS Growth %-81.63%66.67%-54.17%-586.97%34.13%-16.87%104.85%3497.67%-107.1%
EPS (Basic)21.6036.0016.50-80.35-52.93-61.863.03107.93-7.66
Diluted Shares Outstanding95.91K108.22K119.77K120.22K123.19K172.86K1.01M2.77M423.17K
Basic Shares Outstanding95.91K108.22K119.77K120.22K123.19K172.86K996.93K2.77M423.21K
Dividend Payout Ratio---------

TANH Balance Sheet

Tantech Holdings Ltd (TANH) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24
Total Current Assets63.66M89.24M70.31M68.16M81.9M105.81M106.76M115.67M117.8M
Cash & Short-Term Investments5.94M9.94M7.75M12.44M37.12M43.14M18.98M29.09M35.19M
Cash Only5.94M9.94M7.75M12.44M37.12M43.14M18.98M29.09M35.19M
Short-Term Investments000000000
Accounts Receivable40.64M44.85M32.5M39.35M34.41M45.79M84.04M84.34M77.25M
Days Sales Outstanding311.21379.94401.23291.76297.04302.41573.45650.59656.65
Inventory1.2M2.76M1.96M595.63K671.25K1.07M898.69K1.24M191.25K
Days Inventory Outstanding12.8231.1133.175.036.488.717.5612.142.05
Other Current Assets16M30.42M27.16M15.68M9.65M10.78M1.79M809.48K887.19K
Total Non-Current Assets30.65M49.24M63.88M47.29M34.39M28.72M27.38M26.02M25.15M
Property, Plant & Equipment9.27M9.88M3.24M2.7M2.48M2.42M3.07M2.38M1.18M
Fixed Asset Turnover5.14x4.36x9.12x18.23x17.06x22.86x17.40x19.90x36.28x
Goodwill09M8.86M000000
Intangible Assets1.79M17.48M15.27M12.96M664.03K205.97K184.82K212.09K184.55K
Long-Term Investments8.64M9.27M18.16M23.88M25.5M26.1M24.12M23.43M22.79M
Other Non-Current Assets10.86M12.88M8.56M7.75M5.76M000995.01K
Total Assets
94.3M▲ 0%
138.49M▲ 46.9%
134.19M▼ 3.1%
115.45M▼ 14.0%
116.3M▲ 0.7%
134.53M▲ 15.7%
134.13M▼ 0.3%
141.69M▲ 5.6%
142.95M▲ 0.9%
Asset Turnover0.51x0.31x0.22x0.43x0.36x0.41x0.40x0.33x0.30x
Asset Growth %8.3%46.85%-3.1%-13.97%0.73%15.68%-0.29%5.63%0.89%
Total Current Liabilities14.1M26.79M22.15M19.13M16.8M21.77M13.54M17.61M11.76M
Accounts Payable1.95M5.34M2.52M1.65M1.54M1.56M2.12M2.31M358
Days Payables Outstanding20.8360.0942.7913.9314.9112.7317.8222.690
Short-Term Debt9.27M12.18M13.93M8.22M8.68M12.53M4.49M8.27M3.45M
Deferred Revenue (Current)799.51K1.2M865.62K6.96M3.18M3.58M1.83M1.21M11.58K
Other Current Liabilities2.17M7.58M3.98M761.5K-76.41K1.62M-75.04K146.5K5.02M
Current Ratio4.52x3.33x3.17x3.56x4.87x4.86x7.88x6.57x10.02x
Quick Ratio4.43x3.23x3.09x3.53x4.83x4.81x7.82x6.50x10.00x
Cash Conversion Cycle303.2350.96391.61282.86288.61298.39563.19640.04658.7
Total Non-Current Liabilities02.09M2.05M1.78M0223.29K4.66M1.07M2.92M
Long-Term Debt0000003.4M00
Capital Lease Obligations00000223.29K1.26M1.07M919.78K
Deferred Tax Liabilities02.09M2.05M1.78M00000
Other Non-Current Liabilities000000002M
Total Liabilities14.1M28.88M24.21M20.92M16.8M21.99M18.2M18.68M14.68M
Total Debt6.69M12.18M13.06M7.35M8.68M12.87M9.31M9.51M4.51M
Net Debt751.81K2.24M5.31M-5.09M-28.44M-30.28M-9.67M-19.58M-30.68M
Debt / Equity0.08x0.11x0.12x0.08x0.09x0.11x0.08x0.08x0.04x
Debt / EBITDA0.97x2.26x3.82x4.50x--1.40x4.17x0.80x
Net Debt / EBITDA0.11x0.42x1.55x-3.11x---1.46x-8.59x-5.47x
Interest Coverage13.38x8.35x3.75x1.65x-34.47x-11.50x9.86x4.35x13.72x
Total Equity
80.21M▲ 0%
109.61M▲ 36.7%
109.99M▲ 0.3%
94.53M▼ 14.1%
99.49M▲ 5.2%
112.54M▲ 13.1%
115.94M▲ 3.0%
123.01M▲ 6.1%
128.28M▲ 4.3%
Equity Growth %9.74%36.66%0.34%-14.05%5.25%13.11%3.02%6.1%4.29%
Book Value per Share836.241012.90918.28786.32807.61651.01115.2244.45303.13
Total Shareholders' Equity80.21M100.81M102.07M90.19M98.85M114.26M118.08M125.72M131.31M
Common Stock24.31K28.7K28.85K28.85K35.89K63.99K292.3K00
Retained Earnings52.59M56.36M58.33M52.06M45.48M36.68M39.09M44.67M48.82M
Treasury Stock000000000
Accumulated OCI989.09K5.36M4.4M-1.21M4.94M7.95M-752.33K-4.97M-12.28M
Minority Interest08.8M7.92M4.35M638.85K-1.72M-2.15M-2.71M-3.03M

TANH Cash Flow Statement

Tantech Holdings Ltd (TANH) cash flow — operating, investing & free cash flow history

Line itemDec'16Dec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24
Cash from Operations-7.03M2.3M14.66M14.7M14.17M-8.09M8.29M5.26M3.99M
Operating CF Margin %-14.75%5.35%49.61%29.85%33.52%-14.64%15.5%11.12%9.28%
Operating CF Growth %-258.03%132.76%536.49%0.22%-3.57%-157.09%202.5%-36.57%-24.24%
Net Income4.61M2.98M996.63K-7.48M-6.52M-10.69M2.59M5.58M-3.57M
Depreciation & Amortization1.36M814.94K1.07M904.13K877.92K961.57K700.34K447.25K1.63M
Stock-Based Compensation000033.81K1.84M000
Deferred Taxes-98.47K00-165.5K-1.8M5.44M000
Other Non-Cash Items-84.41K3.55M6.46M15.37M7.35M535.39K833.34K-201.49K6.94M
Working Capital Changes-15.03M-5.05M6.14M6.07M14.23M-6.17M4.17M-568.32K-1.02M
Change in Receivables-3.19M-1.38M10.27M-9.88M8.02M-9.57M673.74K-3.51M4.85M
Change in Inventory-97.37K845.5K-147.49K242.14K-125.49K-737.55K43.81K-360.06K14.65K
Change in Payables-965.21K-955.97K-2.62M-751.36K-206.26K-16.27K671.67K1.67M-817.72K
Cash from Investing-1.88M-3.49M-18M-5.93M-122.96K524.08K-45M-2.58M-1.92M
Capital Expenditures-10.82K-82.26K-561.62K-92.37K-144.81K-224.53K-81.97K-182.99K-80.53K
CapEx % of Revenue0.02%0.19%1.9%0.19%0.34%0.41%0.15%0.39%0.19%
Acquisitions-3.37M-4.55M54.09K854.57K21.84K748.61K35.79K0-889
Investments---------
Other Investing1.51M1.14M14.11K15.06K00-44.95M-2.39M-1.84M
Cash from Financing9.06M4.94M-810K-5.46M8.94M12.81M15.29M7.43M3.47M
Debt Issued (Net)1.44M2.38M0-5.46M-115.16K-6.56M5.18M1.6M-1.46M
Equity Issued (Net)1000K1000K001000K1000K1000K1000K1000K
Dividends Paid000000000
Share Repurchases000000000
Other Financing0-14.78K-810K000-4.57K03.21M
Net Change in Cash
-330.55K▲ 0%
4M▲ 1309.6%
-3.75M▼ 193.8%
2.78M▲ 174.0%
24.69M▲ 789.5%
6.23M▼ 74.8%
-24.59M▼ 494.8%
10.14M▲ 141.3%
6.09M▼ 40.0%
Free Cash Flow
-7.04M▲ 0%
2.22M▲ 131.5%
14.1M▲ 534.8%
14.6M▲ 3.6%
14.03M▼ 4.0%
-8.31M▼ 159.3%
8.21M▲ 198.7%
4.86M▼ 40.8%
3.9M▼ 19.7%
FCF Margin %-14.78%5.16%47.71%29.67%33.17%-15.05%15.35%10.28%9.09%
FCF Growth %-267.39%131.54%534.78%3.55%-3.96%-159.28%198.75%-40.76%-19.73%
FCF per Share-73.4420.53117.75121.48113.86-48.108.161.769.23
FCF Conversion (FCF/Net Income)-1.64x0.61x7.42x-1.52x-2.17x0.97x2.75x0.94x-1.23x
Interest Paid261.63K479.36K608.05K439.87K308.69K265.25K474.58K92.18K254.78K
Taxes Paid696.43K1.16M1.04M1.11M436.57K2.28M2.59M2.29M1.84M

TANH Key Ratios

Tantech Holdings Ltd (TANH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)12.45%5.61%3.97%1.8%-9.45%-6.72%-7.88%2.64%4.67%-2.58%
Return on Invested Capital (ROIC)10.45%6.04%3.58%1.55%0.54%-9.67%-8.33%4.72%1.31%2.97%
Gross Margin28.7%28.41%24.79%27.16%12.14%10.59%18.88%18.87%21.5%20.83%
Net Margin14.34%9.02%8.74%6.69%-19.62%-15.42%-15.12%5.65%11.8%-7.55%
Debt / Equity0.12x0.08x0.11x0.12x0.08x0.09x0.11x0.08x0.08x0.04x
Interest Coverage24.77x13.38x8.35x3.75x1.65x-34.47x-11.50x9.86x4.35x13.72x
FCF Conversion0.53x-1.64x0.61x7.42x-1.52x-2.17x0.97x2.75x0.94x-1.23x
Revenue Growth-10.17%-18.98%-9.61%-31.39%66.54%-14.11%30.7%-3.21%-11.54%-9.25%

TANH Frequently Asked Questions

Tantech Holdings Ltd (TANH) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Tantech Holdings Ltd (TANH) reported $90.3M in revenue for fiscal year 2024. This represents a 79% increase from $50.5M in 2012.

Tantech Holdings Ltd (TANH) saw revenue decline by 9.3% over the past year.

Yes, Tantech Holdings Ltd (TANH) is profitable, generating $2.3M in net income for fiscal year 2024 (-7.5% net margin).

Dividend & Returns

Tantech Holdings Ltd (TANH) has a return on equity (ROE) of -2.6%. Negative ROE indicates the company is unprofitable.

Tantech Holdings Ltd (TANH) generated $9.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More TANH

Tantech Holdings Ltd (TANH) financial analysis — history, returns, DCA and operating performance tools

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Earnings History

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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DCF intrinsic value, peer multiples & estimates

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