Tantech Holdings Ltd (TANH) Revenue History
Annual and quarterly revenue from 2012 to present
TANH Revenue Over Time (2012–2025)
TANH Revenue Growth History
4 of 13 years with positive growth- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- +21.2%
- FY2014 revenue growth
- +7.0%
- FY2015 revenue growth
- -10.2%
- FY2016 revenue growth
- -19.0%
- FY2017 revenue growth
- -9.6%
- FY2018 revenue growth
- -31.4%
- FY2019 revenue growth
- +66.5%
- FY2020 revenue growth
- -14.1%
- FY2021 revenue growth
- +30.7%
- FY2022 revenue growth
- -3.2%
- FY2023 revenue growth
- -11.5%
- FY2024 revenue growth
- -9.3%
- FY2025 revenue growth
- -10.7%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2025 | $17.8M | -16.7% |
| Q2 2025 | $20.5M | -4.6% |
| Q4 2024 | $21.4M | -22.3% |
| Q2 2024 | $21.5M | +9.0% |
| Q4 2023 | $27.6M | +4.2% |
| Q2 2023 | $19.7M | -27.0% |
| Q4 2022 | $26.5M | -100.0% |
| Q2 2022 | $27.0M | +31.0% |
Revenue Breakdown (FY 2022)
TANH's revenue distribution by segment and geography for fiscal year 2022
By Product/Segment
By Geography
TANH Revenue Analysis (2012–2025)
Current Revenue & Growth
As of June 23, 2026, Tantech Holdings Ltd (TANH) generated trailing twelve-month (TTM) revenue of $81.3 million, reflecting significant decline in growth of -16.7% year-over-year. The most recent quarter (Q4 2025) recorded $17.8 million in revenue, down 13.1% sequentially.
Historical Growth Trajectory
TANH's 5-year compound annual growth rate (CAGR) stands at -1.9%, indicating revenue contraction over this period. The 3-year CAGR of -10.5% is below the 5-year average, signalling a growth deceleration in recent years. Tantech Holdings Ltd's highest annual revenue of $65.5 million was recorded in 2014.
Revenue by Segment
TANH's revenue is primarily driven by Consumer product (99%), and EV (1%). With over half of revenue concentrated in Consumer product, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Consumer Defensive sector peers — including CODA (+22.8% YoY), CBAT (+50.5% YoY), and NRGV (+362.0% YoY) — TANH has underperformed the peer group in revenue growth. Compare TANH vs CODA →
TANH Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| TANHCurrent | $81M | -16.7% | -1.9% | -31.8% | |
 CODA | $27M | +22.8% | +5.8% | 17.1% | |
 CBAT | $195M | +50.5% | +39.0% | -9.6% | |
 NRGV | $204M | +362.0% | - | -36.5% | |
 GPRE | $2.1B | -21.0% | +1.7% | -4.0% | |
 AMTX | $208M | -12.0% | +4.7% | -17.9% |
TANH Historical Revenue Data (2012–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $38.4M | -10.7% | $7.1M | 18.6% | $-12,204,968 | -31.8% |
| 2024 | $42.9M | -9.3% | $8.9M | 20.8% | $4.0M | 9.3% |
| 2023 | $47.3M | -11.5% | $10.2M | 21.5% | $1.8M | 3.9% |
| 2022 | $53.5M | -3.2% | $10.1M | 18.9% | $5.9M | 11.1% |
| 2021 | $55.3M | +30.7% | $10.4M | 18.9% | $-8,514,845 | -15.4% |
| 2020 | $42.3M | -14.1% | $4.5M | 10.6% | $-10,344,960 | -24.5% |
| 2019 | $49.2M | +66.5% | $6.0M | 12.1% | $732K | 1.5% |
| 2018 | $29.6M | -31.4% | $8.0M | 27.2% | $2.4M | 8.0% |
| 2017 | $43.1M | -9.6% | $10.7M | 24.8% | $4.6M | 10.7% |
| 2016 | $47.7M | -19.0% | $13.5M | 28.4% | $6.3M | 13.2% |
| 2015 | $58.8M | -10.2% | $16.9M | 28.7% | $10.2M | 17.4% |
| 2014 | $65.5M | +7.0% | $20.6M | 31.5% | $17.2M | 26.2% |
| 2013 | $61.2M | +21.2% | $17.2M | 28.0% | $12.0M | 19.6% |
| 2012 | $50.5M | - | $14.0M | 27.7% | $11.8M | 23.3% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
14+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
TANH — Frequently Asked Questions
Quick answers to the most common questions about buying TANH stock.
Is TANH's revenue growth accelerating or slowing?
TANH revenue is declining -16.7% year-over-year. TTM revenue fell to $81M, contrasting with the 5-year CAGR of -1.9%. The reversal reflects either macro headwinds or company-specific challenges.
What is TANH's revenue history from 2012 to 2026?
Tantech Holdings Ltd (TANH) revenue history spans 2012 to 2026. TTM revenue as of 2026 is $81M, growing at -16.7% YoY. The 5-year CAGR is -1.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is TANH's long-term revenue growth rate (CAGR)?
Tantech Holdings Ltd's 5-year revenue CAGR of -1.9% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -16.7% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for TANH.
Why does TANH's quarterly revenue fluctuate?
TANH quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Tantech Holdings Ltd's revenue data from 2012 to 2026 shows full historical quarterly detail on this page.
How is TANH's revenue distributed by segment?
TANH reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does TANH's revenue compare to industry peers?
Tantech Holdings Ltd (TANH) with TTM revenue of $81M and -16.7% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.