Tactile Systems Technology, Inc. (TCMD) Financial Ratios
13 years of historical data (2013–2025) · Healthcare · Medical - Devices
EV/EBITDA
↓
14.84
↓-83% vs avg
5yr avg: 86.62
30Y Low12.6·High94.0
P/FCF
↓
14.85
↓-95% vs avg
5yr avg: 293.43
30Y Low9.9·High70.0
P/B Ratio
↑
2.83
↑+23% vs avg
5yr avg: 2.31
30Y Low1.7·High11.8
ROE
↑
8.8%
↓+282% vs avg
5yr avg: 2.3%
30Y Low-14%·High18%
Debt/EBITDA
↓
0.44
↓-98% vs avg
5yr avg: 17.84
30Y Low0.0·High43.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TCMD Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Tactile Systems Technology, Inc. trades at 32.5x earnings, 36% above its 5-year average of 23.8x, sitting at the 29th percentile of its historical range. Compared to the Healthcare sector median P/E of 22.1x, the stock trades at a premium of 47%. On a free-cash-flow basis, the stock trades at 14.9x P/FCF, 95% below the 5-year average of 293.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $600M | $676M | $413M | $331M | $230M | $375M | $869M | $1.3B | $881M | $547M | $277M |
| Enterprise Value | $533M | $608M | $364M | $321M | $281M | $428M | $843M | $1.3B | $861M | $523M | $246M |
| P/E Ratio → | 32.46 | 35.37 | 24.47 | 11.63 | — | — | — | 120.55 | 133.97 | 93.48 | 96.53 |
| P/S Ratio | 1.82 | 2.05 | 1.41 | 1.21 | 0.93 | 1.80 | 4.65 | 7.00 | 6.13 | 5.01 | 3.27 |
| P/B Ratio | 2.83 | 3.09 | 1.91 | 1.71 | 1.90 | 2.93 | 6.97 | 11.78 | 9.87 | 7.52 | 4.64 |
| P/FCF | 14.85 | 16.71 | 10.84 | 9.93 | 70.05 | 1359.64 | 1728.53 | — | — | 1470.65 | 44.61 |
| P/OCF | 14.03 | 15.78 | 10.17 | 9.24 | 44.23 | 142.63 | 311.19 | 528.28 | 97.84 | 130.51 | 39.33 |
P/E links to full P/E history page with 30-year chart
TCMD EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Tactile Systems Technology, Inc.'s enterprise value stands at 14.8x EBITDA, 83% below its 5-year average of 86.6x. This is roughly in line with the Healthcare sector median of 14.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.85 | 1.24 | 1.17 | 1.14 | 2.06 | 4.50 | 6.96 | 5.99 | 4.79 | 2.91 |
| EV / EBITDA | 14.84 | 16.93 | 12.57 | 13.07 | 167.67 | 222.85 | — | 94.03 | 129.99 | 91.03 | 48.51 |
| EV / EBIT | 18.20 | 20.77 | 14.24 | 16.10 | — | — | — | 125.72 | 247.75 | 124.85 | 57.07 |
| EV / FCF | — | 15.04 | 9.55 | 9.61 | 85.34 | 1549.43 | 1675.92 | — | — | 1406.26 | 39.67 |
TCMD Profitability
Margins and return-on-capital ratios measuring operating efficiency
Tactile Systems Technology, Inc. earns an operating margin of 8.9%. Operating margins have expanded from 6.6% to 8.9% over the past 3 years, signaling improving operational efficiency. ROE of 8.8% is modest. ROIC of 13.8% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.2% | 75.2% | 74.0% | 71.1% | 71.3% | 71.2% | 71.0% | 70.8% | 71.1% | 73.4% | 72.9% |
| Operating Margin | 8.9% | 8.9% | 7.6% | 6.6% | -5.2% | -0.8% | -1.9% | 5.5% | 2.1% | 3.6% | 5.1% |
| Net Profit Margin | 5.8% | 5.8% | 5.8% | 10.4% | -7.2% | -5.7% | -0.3% | 5.8% | 4.6% | 5.4% | 3.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.8% | 8.8% | 8.3% | 18.1% | -14.3% | -9.3% | -0.5% | 10.9% | 8.2% | 8.8% | 6.6% |
| ROA | 6.7% | 6.7% | 5.9% | 10.6% | -7.2% | -5.6% | -0.4% | 8.5% | 6.8% | 7.2% | 5.2% |
| ROIC | 13.8% | 13.8% | 9.5% | 7.6% | -5.4% | -0.9% | -2.7% | 9.0% | 3.8% | 7.5% | 12.8% |
| ROCE | 11.9% | 11.9% | 8.9% | 8.4% | -6.4% | -1.0% | -2.6% | 9.5% | 3.6% | 5.8% | 9.8% |
TCMD Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Tactile Systems Technology, Inc. carries a Debt/EBITDA ratio of 0.4x, which is very conservative (86% below the sector average of 3.2x). The company holds a net cash position — cash of $83M exceeds total debt of $16M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 28.2x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.07 | 0.07 | 0.21 | 0.26 | 0.59 | 0.63 | 0.17 | 0.15 | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA | 0.44 | 0.44 | 1.56 | 2.05 | 43.15 | 42.01 | — | 1.18 | 0.00 | 0.00 | 0.01 |
| Net Debt / Equity | — | -0.31 | -0.23 | -0.06 | 0.41 | 0.41 | -0.21 | -0.05 | -0.23 | -0.33 | -0.51 |
| Net Debt / EBITDA | -1.88 | -1.88 | -1.70 | -0.43 | 30.05 | 27.30 | — | -0.44 | -3.03 | -4.17 | -6.04 |
| Debt / FCF | — | -1.67 | -1.29 | -0.32 | 15.29 | 189.79 | -52.61 | — | — | -64.38 | -4.94 |
| Interest Coverage | 28.21 | 28.21 | 12.27 | 4.80 | -4.55 | — | — | — | — | — | — |
Net cash position: cash ($83M) exceeds total debt ($16M)
TCMD Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Tactile Systems Technology, Inc.'s current ratio of 4.03x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 3.69x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 3.54x to 4.03x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.03 | 4.03 | 4.36 | 3.54 | 1.86 | 3.29 | 4.63 | 5.06 | 5.28 | 5.29 | 4.66 |
| Quick Ratio | 3.69 | 3.69 | 3.90 | 2.99 | 1.50 | 2.74 | 3.93 | 4.17 | 4.59 | 4.53 | 4.18 |
| Cash Ratio | 2.04 | 2.04 | 2.68 | 1.83 | 0.59 | 1.18 | 2.19 | 2.49 | 2.85 | 3.02 | 3.02 |
| Asset Turnover | — | 1.20 | 0.98 | 0.98 | 0.97 | 0.85 | 1.07 | 1.25 | 1.34 | 1.24 | 1.14 |
| Inventory Turnover | 5.83 | 5.83 | 4.09 | 3.52 | 3.06 | 3.11 | 2.93 | 2.90 | 3.71 | 2.63 | 3.50 |
| Days Sales Outstanding | — | 48.60 | 55.98 | 57.42 | 81.09 | 86.80 | 85.53 | 64.42 | 66.33 | 65.94 | 64.77 |
TCMD Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Tactile Systems Technology, Inc. returns 4.4% to shareholders annually primarily through share buybacks. The earnings yield of 3.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | 3.0% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.1% | 2.8% | 4.1% | 8.6% | — | — | — | 0.8% | 0.7% | 1.1% | 1.0% |
| FCF Yield | 6.7% | 6.0% | 9.2% | 10.1% | 1.4% | 0.1% | 0.1% | — | — | 0.1% | 2.2% |
| Buyback Yield | 4.4% | 3.9% | 0.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 0.1% | 0.0% |
| Total Shareholder Yield | 4.4% | 3.9% | 0.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 0.1% | 3.0% |
| Shares Outstanding | — | $23M | $24M | $23M | $20M | $20M | $19M | $20M | $19M | $19M | $17M |
Peer Comparison
Compare TCMD with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TCMDYou | $600M | 32.5 | 14.8 | 14.9 | 75.2% | 8.9% | 8.8% | 13.8% | 0.4 |
 LNTH | $7B | 30.5 | 16.8 | 19.1 | 61.1% | 20.2% | 21.4% | 30.6% | 0.0 |
 ITGR | $3B | 31.5 | 13.5 | 29.8 | 23.1% | 11.3% | 6.1% | 5.4% | 4.2 |
 MMSI | $4B | 31.6 | 14.0 | 18.6 | 48.7% | 12.2% | 8.7% | 7.2% | 2.8 |
 CNMD | $1B | 21.6 | 9.3 | 6.7 | 52.8% | 10.3% | 4.7% | 5.8% | 4.3 |
 ATRC | $1B | -120.0 | 80.7 | 30.2 | 74.4% | -0.6% | -2.4% | -0.6% | 5.2 |
 NVCR | $2B | -11.7 | — | — | 74.5% | -23.5% | -38.9% | -16.4% | — |
 OSUR | $306M | -4.5 | — | — | 41.9% | -59.2% | -18.3% | -20.0% | — |
 ABT | $154B | 11.6 | 16.1 | 24.2 | 50.8% | 16.3% | 30.9% | 9.9% | 1.5 |
 MDT | $102B | 22.0 | 14.5 | 19.6 | 65.3% | 17.8% | 9.4% | 6.0% | 3.2 |
 BSX | $67B | 23.3 | 20.8 | 18.4 | 69.0% | 19.8% | 12.4% | 8.8% | 3.3 |
| Healthcare Median | — | 22.1 | 14.2 | 18.5 | 63.9% | -4.3% | -32.6% | -11.6% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 13 years · Updated daily
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TCMD — Frequently Asked Questions
Quick answers to the most common questions about buying TCMD stock.
What is Tactile Systems Technology, Inc.'s P/E ratio?
Tactile Systems Technology, Inc.'s current P/E ratio is 32.5x. The historical average is 73.7x. This places it at the 29th percentile of its historical range.
What is Tactile Systems Technology, Inc.'s EV/EBITDA?
Tactile Systems Technology, Inc.'s current EV/EBITDA is 14.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 46.0x.
What is Tactile Systems Technology, Inc.'s ROE?
Tactile Systems Technology, Inc.'s return on equity (ROE) is 8.8%. The historical average is 5.7%.
Is TCMD stock overvalued?
Based on historical data, Tactile Systems Technology, Inc. is trading at a P/E of 32.5x. This is at the 29th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Tactile Systems Technology, Inc.'s profit margins?
Tactile Systems Technology, Inc. has 75.2% gross margin and 8.9% operating margin.
How much debt does Tactile Systems Technology, Inc. have?
Tactile Systems Technology, Inc.'s Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.