Interface, Inc. (TILE) 10-Year Financial Performance & Capital Metrics

TILE • • Industrial / General

Consumer CyclicalHome FurnishingsFlooring & Surface ProductsCarpet & Floor Coverings

AboutInterface, Inc., a modular flooring company, designs, produces, and sells modular carpet products primarily in the Americas, Europe, and the Asia-Pacific. The company offers modular carpets under the Interface and FLOR brand names; carpet tiles under the GlasBacRE name for use in commercial interiors, including offices, healthcare facilities, airports, educational and other institutions, hospitality spaces, and retail facilities, as well as residential interiors; modular resilient flooring products; rubber flooring under the norament and noraplan brand names; and luxury vinyl tile products. It also produces and sells an adapted version of its carpet tile for the healthcare facilities market; and two-meter roll goods that are structure-backed for use in education, healthcare, and government markets, as well as carpet replacement, installation, and maintenance services. In addition, the company sells and licenses a proprietary antimicrobial chemical compound under the Intersept name for use in interior finishes; sells TacTiles, a carpet tile installation system, as well as various adhesives and products; and provides turnkey project management services for global accounts and other customers through its InterfaceSERVICES business. It sells its products directly to end-users, as well as indirectly through independent contractors or distributors, and FLOR line of products through Internet sales and commercial sales force. The company has product showrooms or design studios in the United States, Canada, Mexico, England, France, Germany, Spain, the Netherlands, India, Australia, Norway, the United Arab Emirates, Russia, Singapore, Hong Kong, Thailand, China, and others. Interface, Inc. was incorporated in 1973 and is headquartered in Atlanta, Georgia.Show more

Revenue $1.32B +4.3%
EBITDA $179M +18.8%
Net Income $87M +95.3%
EPS (Diluted) 1.48 +97.3%
Gross Margin 36.71% +5.0%
EBITDA Margin 13.61% +13.9%
Operating Margin 10.22% +23.3%
Net Margin 6.61% +87.3%
ROE 19% +68.1%
ROIC 12.57% +36.7%
Debt/Equity 0.78 -35.3%
Interest Coverage 5.79 +76.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Trading near 52-week high
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Thin 5Y average net margin of 1.9%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y2.74%

5Y-0.41%

3Y3.1%

TTM5.11%

Profit (Net Income) CAGR

10Y13.36%

5Y1.88%

3Y16.33%

TTM33.92%

EPS CAGR

10Y14.87%

5Y2.01%

3Y16.75%

TTM34.27%

ROCE

10Y Avg10.7%

5Y Avg7.41%

3Y Avg10.31%

Latest13.65%

Peer Comparison

Carpet & Floor Coverings

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TILEInterface, Inc.	1.8B	30.81	20.82	4.29%	8.27%	18.27%	6.37%	0.78

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1B	958.62M	996.44M	1.18B	1.34B	1.1B	1.2B	1.3B	1.26B	1.32B
Revenue Growth %	-0%	-0.04%	0.04%	0.18%	0.14%	-0.18%	0.09%	0.08%	-0.03%	0.04%
Cost of Goods Sold+	618.97M	589.97M	610.42M	749.69M	810.06M	692.69M	767.66M	860.19M	820.43M	832.71M
COGS % of Revenue	0.62%	0.62%	0.61%	0.64%	0.6%	0.63%	0.64%	0.66%	0.65%	0.63%
Gross Profit+	382.89M	368.64M	386.02M	424.36M	532.97M	410.57M	432.73M	437.73M	441.07M	482.95M
Gross Margin %	0.38%	0.38%	0.39%	0.36%	0.4%	0.37%	0.36%	0.34%	0.35%	0.37%
Gross Profit Growth %	0.13%	-0.04%	0.05%	0.1%	0.26%	-0.23%	0.05%	0.01%	0.01%	0.09%
Operating Expenses+	269.3M	281.49M	274.45M	353.5M	402.06M	449.86M	327.94M	362.33M	336.55M	348.54M
OpEx % of Revenue	0.27%	0.29%	0.28%	0.3%	0.3%	0.41%	0.27%	0.28%	0.27%	0.26%
Selling, General & Admin	254.8M	261.7M	71.76M	327.45M	389.12M	333.23M	324.31M	324.19M	339.05M	348.54M
SG&A % of Revenue	0.25%	0.27%	0.07%	0.28%	0.29%	0.3%	0.27%	0.25%	0.27%	0.26%
Research & Development	14.5M	14.3M	14M	0	17.8M	18.6M	0	0	17M	0
R&D % of Revenue	0.01%	0.01%	0.01%	-	0.01%	0.02%	-	-	0.01%	-
Other Operating Expenses	0	5.49M	188.69M	26.05M	-4.85M	98.03M	3.62M	38.15M	-19.5M	0
Operating Income+	113.59M	87.15M	111.57M	76.38M	130.9M	-39.29M	104.8M	75.4M	104.52M	134.41M
Operating Margin %	0.11%	0.09%	0.11%	0.06%	0.1%	-0.04%	0.09%	0.06%	0.08%	0.1%
Operating Income Growth %	0.62%	-0.23%	0.28%	-0.32%	0.71%	-1.3%	3.67%	-0.28%	0.39%	0.29%
EBITDA+	144.4M	117.78M	141.83M	120.85M	181.74M	12.09M	157.93M	121.74M	150.79M	179.08M
EBITDA Margin %	0.14%	0.12%	0.14%	0.1%	0.14%	0.01%	0.13%	0.09%	0.12%	0.14%
EBITDA Growth %	0.43%	-0.18%	0.2%	-0.15%	0.5%	-0.93%	12.06%	-0.23%	0.24%	0.19%
D&A (Non-Cash Add-back)	30.8M	30.63M	30.26M	44.47M	50.84M	51.38M	53.14M	46.34M	46.27M	44.67M
EBIT	112.17M	85.27M	107.67M	70.43M	127.62M	-50.18M	102.31M	71.85M	95.44M	136.76M
Net Interest Income+	-6.4M	-6.13M	-7.13M	-15.44M	-25.66M	-29.24M	-29.68M	-29.93M	-31.79M	-23.2M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	6.4M	6.13M	7.13M	15.44M	25.66M	29.24M	29.68M	29.93M	31.79M	23.2M
Other Income/Expense	-7.83M	-8.02M	-11.03M	-21.39M	-29.09M	-40.13M	-32.16M	-33.48M	-40.87M	-20.85M
Pretax Income+	105.77M	79.14M	100.54M	54.99M	101.82M	-79.42M	72.63M	41.92M	63.65M	113.55M
Pretax Margin %	0.11%	0.08%	0.1%	0.05%	0.08%	-0.07%	0.06%	0.03%	0.05%	0.09%
Income Tax+	33.35M	24.97M	47.29M	4.74M	22.62M	-7.49M	17.4M	22.36M	19.14M	26.61M
Effective Tax Rate %	0.68%	0.68%	0.53%	0.91%	0.78%	0.91%	0.76%	0.47%	0.7%	0.77%
Net Income+	72.42M	54.16M	53.25M	50.25M	79.2M	-71.93M	55.23M	19.56M	44.52M	86.95M
Net Margin %	0.07%	0.06%	0.05%	0.04%	0.06%	-0.07%	0.05%	0.02%	0.04%	0.07%
Net Income Growth %	1.92%	-0.25%	-0.02%	-0.06%	0.58%	-1.91%	1.77%	-0.65%	1.28%	0.95%
Net Income (Continuing)	72.42M	54.16M	53.25M	50.25M	79.2M	-71.93M	55.23M	19.56M	44.52M	86.95M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	1.10	0.83	0.86	0.84	1.34	-1.23	0.93	0.33	0.75	1.48
EPS Growth %	1.97%	-0.25%	0.04%	-0.02%	0.6%	-1.92%	1.76%	-0.65%	1.27%	0.97%
EPS (Basic)	1.10	0.83	0.86	0.84	1.34	-1.23	0.93	0.33	0.76	1.49
Diluted Shares Outstanding	66.08M	65.14M	62.04M	59.57M	58.95M	58.55M	58.97M	58.87M	58.34M	58.87M
Basic Shares Outstanding	66.03M	65.1M	62M	59.54M	58.94M	58.55M	58.97M	58.87M	58.09M	58.28M
Dividend Payout Ratio	0.16%	0.26%	0.29%	0.31%	0.19%	-	0.04%	0.12%	0.05%	0.03%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	398.41M	470.88M	430.87M	558.88M	548.13M	495.39M	572.34M	617.04M	583.86M	564.3M
Cash & Short-Term Investments	75.7M	165.67M	87.04M	80.99M	81.3M	103.05M	97.25M	97.56M	110.5M	99.23M
Cash Only	75.7M	165.67M	87.04M	80.99M	81.3M	103.05M	97.25M	97.56M	110.5M	99.23M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	130.32M	126M	142.81M	179M	177.48M	139.87M	171.68M	182.81M	163.39M	171.13M
Days Sales Outstanding	47.48	47.98	52.31	55.39	48.23	46.27	52.2	51.41	47.27	47.48
Inventory	161.17M	156.08M	177.94M	258.66M	253.58M	228.72M	265.09M	306.33M	279.08M	260.58M
Days Inventory Outstanding	95.04	96.56	106.4	125.93	114.26	120.52	126.04	129.98	124.16	114.22
Other Current Assets	8.73M	0	0	0	0	37K	0	0	30.89M	33.35M
Total Non-Current Assets+	358.14M	364.56M	369.73M	725.76M	874.91M	810.62M	757.72M	649.47M	646.24M	606.52M
Property, Plant & Equipment	211.49M	204.51M	212.65M	292.89M	431.63M	457.05M	420.36M	379.62M	378.66M	359.19M
Fixed Asset Turnover	4.74x	4.69x	4.69x	4.03x	3.11x	2.41x	2.86x	3.42x	3.33x	3.66x
Goodwill	63.89M	61.22M	68.75M	245.8M	257.44M	165.78M	147.03M	102.42M	105.45M	99.89M
Intangible Assets	0	0	0	97.74M	89.03M	87.76M	76.18M	59.78M	56.26M	48.27M
Long-Term Investments	-84M	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	146.65M	65.71M	70.33M	73.73M	77.13M	81.86M	90.16M	89.88M	84.15M	74.55M
Total Assets+	756.55M	839.57M	800.6M	1.28B	1.42B	1.31B	1.33B	1.27B	1.23B	1.17B
Asset Turnover	1.32x	1.14x	1.24x	0.92x	0.94x	0.84x	0.90x	1.02x	1.03x	1.12x
Asset Growth %	-0.02%	0.11%	-0.05%	0.6%	0.11%	-0.08%	0.02%	-0.05%	-0.03%	-0.05%
Total Current Liabilities+	153.02M	159.08M	176.65M	223.59M	263.27M	193.3M	261.81M	220.47M	214.72M	216.72M
Accounts Payable	52.83M	45.38M	50.67M	66.3M	75.69M	58.69M	85.92M	78.26M	62.91M	68.94M
Days Payables Outstanding	31.16	28.08	30.3	32.28	34.1	30.92	40.85	33.21	27.99	30.22
Short-Term Debt	11.25M	15M	15M	31.32M	31.02M	15.32M	15M	10.21M	8.57M	482K
Deferred Revenue (Current)	0	0	0	1000K	0	0	0	0	0	0
Other Current Liabilities	14.16M	15.82M	6.68M	4.07M	90.55M	4.31M	5.06M	2.55M	22.74M	102.44M
Current Ratio	2.60x	2.96x	2.44x	2.50x	2.08x	2.56x	2.19x	2.80x	2.72x	2.60x
Quick Ratio	1.55x	1.98x	1.43x	1.34x	1.12x	1.38x	1.17x	1.41x	1.42x	1.40x
Cash Conversion Cycle	111.37	116.47	128.41	149.04	128.39	135.87	137.39	148.18	143.44	131.48
Total Non-Current Liabilities+	261.17M	335.63M	293.86M	706.39M	791.57M	786.17M	704.85M	684.5M	589.43M	464.95M
Long-Term Debt	202.28M	255.35M	214.93M	587.27M	565.18M	561.25M	503.06M	510M	408.64M	302.27M
Capital Lease Obligations	0	0	0	0	93.5M	89.16M	81.11M	76.44M	83.3M	68.09M
Deferred Tax Liabilities	10.51M	4.73M	6.93M	26.49M	35.55M	34.31M	36.72M	38.66M	33.83M	31.82M
Other Non-Current Liabilities	58.88M	75.55M	72M	92.64M	97.34M	101.46M	83.96M	59.39M	63.65M	62.76M
Total Liabilities	414.18M	494.71M	470.51M	929.98M	1.05B	979.47M	966.66M	904.97M	804.15M	681.67M
Total Debt+	213.53M	270.35M	229.93M	618.58M	703.94M	680.78M	615.59M	610.62M	515.45M	383.14M
Net Debt	137.84M	104.67M	142.89M	537.59M	622.64M	577.72M	518.34M	513.05M	404.95M	283.92M
Debt / Equity	0.62x	0.79x	0.70x	1.74x	1.91x	2.08x	1.69x	1.69x	1.21x	0.78x
Debt / EBITDA	1.48x	2.30x	1.62x	5.12x	3.87x	56.31x	3.90x	5.02x	3.42x	2.14x
Net Debt / EBITDA	0.95x	0.89x	1.01x	4.45x	3.43x	47.79x	3.28x	4.21x	2.69x	1.59x
Interest Coverage	17.75x	14.22x	15.65x	4.95x	5.10x	-1.34x	3.53x	2.52x	3.29x	5.79x
Total Equity+	342.37M	340.73M	330.09M	354.66M	368.2M	326.54M	363.4M	361.54M	425.95M	489.15M
Equity Growth %	0.12%	-0%	-0.03%	0.07%	0.04%	-0.11%	0.11%	-0.01%	0.18%	0.15%
Book Value per Share	5.18	5.23	5.32	5.95	6.25	5.58	6.16	6.14	7.30	8.31
Total Shareholders' Equity	342.37M	340.73M	330.09M	354.66M	368.2M	326.54M	363.4M	361.54M	425.95M	489.15M
Common Stock	6.57M	6.42M	5.98M	5.95M	5.84M	5.87M	5.91M	5.81M	5.81M	5.83M
Retained Earnings	100.27M	140.24M	187.43M	222.21M	286.06M	208.56M	261.43M	278.64M	320.83M	405.44M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-134.8M	-165.38M	-134.59M	-143.77M	-174M	-135.81M	-157.05M	-167.07M	-153.61M	-183.15M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	125.4M	98.06M	103.35M	91.77M	141.77M	119.07M	86.69M	43.06M	142.03M	148.43M
Operating CF Margin %	0.13%	0.1%	0.1%	0.08%	0.11%	0.11%	0.07%	0.03%	0.11%	0.11%
Operating CF Growth %	1.7%	-0.22%	0.05%	-0.11%	0.54%	-0.16%	-0.27%	-0.5%	2.3%	0.05%
Net Income	72.4M	54.2M	53.25M	50.25M	79.2M	-71.93M	55.23M	19.56M	43.95M	86.95M
Depreciation & Amortization	30.8M	30.6M	30.26M	71.14M	50.84M	51.38M	51.98M	45.38M	45.95M	44.51M
Stock-Based Compensation	13.9M	5.9M	7.25M	14.5M	8.69M	-502K	5.47M	8.53M	10.27M	12.91M
Deferred Taxes	9.1M	600K	23.33M	-18.45M	-9.5M	-20.79M	-16.38M	10.31M	-8.81M	-3.03M
Other Non-Cash Items	749K	-20K	219K	8.79M	1.21M	130.1M	4.16M	43.63M	4.59M	-4.59M
Working Capital Changes	-1.55M	6.78M	-10.95M	-34.46M	11.33M	30.82M	-13.78M	-84.34M	46.09M	11.69M
Change in Receivables	18.74M	-372K	-10.31M	-10.11M	-930K	40.09M	-36.1M	-17.49M	21.8M	-13.87M
Change in Inventory	-26.45M	2.69M	-13.63M	-18.78M	2.57M	38.67M	-47.07M	-49.65M	31.04M	10.47M
Change in Payables	0	12.18M	11.97M	9.94M	19.38M	-60.9M	74.19M	-24.22M	-6.44M	18.18M
Cash from Investing+	-26.4M	-26.4M	-31.09M	-455.69M	-74.22M	-61.69M	-28.07M	-18.44M	-19.51M	-30.37M
Capital Expenditures	-27.19M	-28.07M	-30.47M	-54.86M	-74.65M	-62.95M	-28.07M	-18.44M	-26.11M	-33.79M
CapEx % of Revenue	0.03%	0.03%	0.03%	0.05%	0.06%	0.06%	0.02%	0.01%	0.02%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	788K	1.67M	-614K	-131K	425K	1.26M	0	0	6.59M	3.41M
Cash from Financing+	-72.6M	19.65M	-156.98M	361.53M	-66.68M	-42.72M	-60.86M	-19.49M	-111.56M	-125.23M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-11.88M	-14.29M	-15.49M	-15.47M	-15.36M	-5.57M	-2.36M	-2.35M	-2.32M	-2.34M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-1K	-4.89M	-2.91M	-9.99M	-3.28M	-10.07M	-36K	-1.03M	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	98.21M	69.99M	72.88M	36.91M	67.12M	56.12M	58.62M	24.62M	115.93M	114.64M
FCF Margin %	0.1%	0.07%	0.07%	0.03%	0.05%	0.05%	0.05%	0.02%	0.09%	0.09%
FCF Growth %	12.13%	-0.29%	0.04%	-0.49%	0.82%	-0.16%	0.04%	-0.58%	3.71%	-0.01%
FCF per Share	1.49	1.07	1.17	0.62	1.14	0.96	0.99	0.42	1.99	1.95
FCF Conversion (FCF/Net Income)	1.73x	1.81x	1.94x	1.83x	1.79x	-1.66x	1.57x	2.20x	3.19x	1.71x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	22.32%	15.86%	15.87%	14.68%	21.91%	-20.71%	16.01%	5.4%	11.31%	19%
Return on Invested Capital (ROIC)	17.12%	14.12%	18.22%	8.39%	10.43%	-3.11%	8.8%	6.44%	9.19%	12.57%
Gross Margin	38.22%	38.46%	38.74%	35.98%	39.68%	37.21%	36.05%	33.73%	34.96%	36.71%
Net Margin	7.23%	5.65%	5.34%	4.26%	5.9%	-6.52%	4.6%	1.51%	3.53%	6.61%
Debt / Equity	0.62x	0.79x	0.70x	1.74x	1.91x	2.08x	1.69x	1.69x	1.21x	0.78x
Interest Coverage	17.75x	14.22x	15.65x	4.95x	5.10x	-1.34x	3.53x	2.52x	3.29x	5.79x
FCF Conversion	1.73x	1.81x	1.94x	1.83x	1.79x	-1.66x	1.57x	2.20x	3.19x	1.71x
Revenue Growth	-0.2%	-4.32%	3.95%	18.38%	13.86%	-17.85%	8.8%	8.12%	-2.81%	4.29%

Revenue by Segment

	2012	2019	2020	2021	2022	2023	2024
AMS	-	-	-	-	-	-	800.81M
AMS Growth	-	-	-	-	-	-	-
EAAA	-	-	-	-	-	-	514.85M
EAAA Growth	-	-	-	-	-	-	-

Revenue by Geography

	2012	2019	2020	2021	2022	2023	2024
AMS	-	-	-	-	753.74M	736.96M	800.81M
AMS Growth	-	-	-	-	-	-2.23%	8.66%
EAAA	-	-	-	-	544.18M	524.54M	514.85M
EAAA Growth	-	-	-	-	-	-3.61%	-1.85%
UNITED STATES	-	-	-	596.84M	-	-	-
UNITED STATES Growth	-	-	-	-	-	-	-
Foreign Countries Other Than United States And Germany	-	-	-	487.84M	-	-	-
Foreign Countries Other Than United States And Germany Growth	-	-	-	-	-	-	-
GERMANY	-	-	-	115.71M	-	-	-
GERMANY Growth	-	-	-	-	-	-	-
Americas	-	757.11M	593.42M	-	-	-	-
Americas Growth	-	-	-21.62%	-	-	-	-
Europe	-	393.19M	351.29M	-	-	-	-
Europe Growth	-	-	-10.66%	-	-	-	-
Asia Pacific	-	192.72M	158.56M	-	-	-	-
Asia Pacific Growth	-	-	-17.73%	-	-	-	-
U S	421.36M	-	-	-	-	-	-
U S Growth	-	-	-	-	-	-	-
Other Foreign Countries	340.18M	-	-	-	-	-	-
Other Foreign Countries Growth	-	-	-	-	-	-	-
A U	87.11M	-	-	-	-	-	-
A U Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Interface, Inc. (TILE) has a price-to-earnings (P/E) ratio of 20.8x. This is roughly in line with market averages.

Growth & Financials

Interface, Inc. (TILE) reported $1.37B in revenue for fiscal year 2024. This represents a 30% increase from $1.06B in 2011.

Interface, Inc. (TILE) grew revenue by 4.3% over the past year. Growth has been modest.

Yes, Interface, Inc. (TILE) is profitable, generating $113.5M in net income for fiscal year 2024 (6.6% net margin).

Dividend & Returns

Yes, Interface, Inc. (TILE) pays a dividend with a yield of 0.13%. This makes it attractive for income-focused investors.

Interface, Inc. (TILE) has a return on equity (ROE) of 19.0%. This is reasonable for most industries.

Interface, Inc. (TILE) generated $117.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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