Free cash flow generation remains inconsistent, with margins swinging from a low of 1.0% in 2026Q1 to a high of 20.3% in 2024Q3, largely driven by erratic working capital changes such as the $26.1 million outflow recorded in 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Jan'23 | Jan'22 | Jan'21 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Feb'09 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash from Operations | 169.71M | 167.91M | 148.43M | 142.03M | 43.06M | 86.69M | 119.07M | 141.77M | 91.77M | 103.35M | 98.06M | 125.4M | 46.4M | 67.5M | 46.9M | 24.36M | 47.38M | 54.45M | 55.1M | 65.71M | 30.07M | 61.3M | 9.54M | -8.49M | 57.38M | 18.3M | 71.43M | 71.07M | 71.9M | 74.7M | 55M |
| Operating CF Margin % | - | 12.11% | 11.28% | 11.26% | 3.32% | 7.22% | 10.79% | 10.56% | 7.78% | 10.37% | 10.23% | 12.52% | 4.62% | 7.03% | 5.03% | 2.3% | 4.93% | 6.33% | 5.09% | 6.08% | 2.8% | 6.22% | 1.08% | -0.92% | 6.21% | 1.66% | 5.56% | 5.79% | 5.61% | 6.58% | 5.49% |
| Operating CF Growth % | 85.47% | 13.12% | 4.5% | 229.84% | -50.33% | -27.19% | -16.01% | 54.49% | -11.21% | 5.4% | -21.8% | 170.26% | -31.26% | 43.92% | 92.5% | -48.58% | -12.98% | -1.18% | -16.14% | 118.49% | -50.94% | 542.5% | 212.31% | -114.81% | 213.5% | -74.38% | 0.52% | -1.16% | -3.75% | 35.82% | -28.2% |
| Net Income | 126.71M | 116.1M | 86.95M | 43.95M | 19.56M | 55.23M | -71.93M | 79.2M | 50.25M | 53.25M | 54.2M | 72.4M | 24.8M | 48.3M | 22.9M | 39.38M | 10.3M | 12.67M | -35.7M | 57.85M | 9.99M | 1.24M | -55.4M | -33.26M | -87.66M | -36.29M | 17.32M | 23.55M | 29.8M | 37.5M | 26.4M |
| Depreciation & Amortization | 41.21M | 41.99M | 44.51M | 45.95M | 45.38M | 51.98M | 51.38M | 50.84M | 71.14M | 30.26M | 30.6M | 30.8M | 34.7M | 32.6M | 30M | 25.18M | 27.93M | 25.19M | 23.7M | 22.49M | 31.16M | 31.45M | 33.34M | 37.26M | 35.33M | 47.85M | 50.63M | 45.79M | 42.6M | 38.6M | 35.3M |
| Stock-Based Compensation | 10.24M | 14.38M | 12.91M | 10.27M | 8.53M | 5.47M | -502K | 8.69M | 14.5M | 7.25M | 5.9M | 13.9M | 4M | 7.93M | 3.29M | 10.14M | 2.88M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | -11.44M | -12.96M | -3.03M | -8.81M | 10.31M | -16.38M | -20.79M | -9.5M | -18.45M | 23.33M | 600K | 9.1M | -3.5M | 10.2M | -12M | 3.44M | -6.77M | -5.63M | 14.69M | 4.94M | -12M | -6.24M | -10.83M | -12.4M | 1.2M | -18.78M | -7.21M | 3.95M | -8.4M | 7.8M | 5.4M |
| Other Non-Cash Items | 1.59M | -834K | -4.59M | 4.59M | 43.63M | 4.16M | 130.1M | 1.21M | 8.79M | 219K | -20K | 749K | -4M | 18.07M | -3.29M | 1.56M | 35.3M | 7.48M | 65.34M | -879K | 26.14M | 30.75M | 44.83M | 7.19M | 74.92M | 46.96M | 8.21M | 0 | 12.3M | 100K | 100K |
| Working Capital Changes | 1.4M | 9.23M | 11.69M | 46.09M | -84.34M | -13.78M | 30.82M | 11.33M | -34.46M | -10.95M | 6.78M | -1.55M | -9.6M | -49.6M | 6M | -55.33M | -22.25M | 14.74M | -12.93M | -18.69M | -25.23M | 4.1M | -2.39M | -7.29M | 33.6M | -21.44M | 2.48M | -2.22M | -4.4M | -9.3M | -12.2M |
| Change in Receivables | 4.41M | 4.62M | -13.87M | 21.8M | -17.49M | -36.1M | 40.09M | -930K | -10.11M | -10.31M | -372K | 18.74M | -29.1M | 3.7M | 21.1M | -7.45M | -21.42M | 20.98M | 11.9M | -21.32M | -21.32M | -7.74M | 310K | 20.58M | 20.58M | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | -2.74M | 2.1M | 10.47M | 31.04M | -49.65M | -47.07M | 38.67M | 2.57M | -18.78M | -13.63M | 2.69M | -26.45M | 1.3M | -10.6M | 1.1M | -31.63M | -23.1M | 20.83M | -11.4M | -11.86M | -24.17M | 2.8M | -1.88M | -507K | 27.22M | 15.97M | -9.17M | 16.56M | -21.3M | -16.2M | -2.2M |
| Change in Payables | 5.45M | 1.91M | 18.18M | -6.44M | -24.22M | 74.19M | -60.9M | 19.38M | 9.94M | 11.97M | 12.18M | 0 | 15.42M | -17.32M | -4.26M | -17.61M | -27.14M | -27.14M | 0 | 26.21M | 26.21M | 11.75M | -1.85M | -19.54M | -19.54M | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Investing | -49.05M | -46.19M | -30.37M | -19.51M | -18.44M | -28.07M | -61.69M | -74.22M | -455.69M | -31.09M | -26.4M | -26.4M | -36.5M | -65.8M | 7.8M | -39.62M | -37.04M | -7.35M | -33.5M | 6.18M | -12.56M | -30.57M | -7.77M | -10.99M | -14.74M | -44.68M | -71.24M | -51.84M | -133.2M | -91.2M | -78M |
| Capital Expenditures | -49.05M | -46.19M | -33.79M | -26.11M | -18.44M | -28.07M | -62.95M | -74.65M | -54.86M | -30.47M | -28.07M | -27.19M | -38.92M | -91.85M | -42.43M | -38.05M | -31.71M | -8.75M | -29.3M | -40.59M | -34.04M | -25.48M | -15.78M | -16.33M | -14.34M | -30.04M | -30.5M | -37.28M | -116.7M | -73.3M | -36.4M |
| CapEx % of Revenue | 3.45% | 3.33% | 2.57% | 2.07% | 1.42% | 2.34% | 5.71% | 5.56% | 4.65% | 3.06% | 2.93% | 2.71% | 3.88% | 9.57% | 4.55% | 3.6% | 3.3% | 1.02% | 2.71% | 3.75% | 3.16% | 2.58% | 1.79% | 1.77% | 1.55% | 2.72% | 2.38% | 3.04% | 9.11% | 6.46% | 3.63% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -400.7M | 0 | 0 | 0 | 0 | 0 | 32.17M | 0 | 0 | 0 | 0 | 60.73M | 0 | 0 | 0 | 0 | 0 | -2.2M | -29.87M | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 3.41M | 6.59M | 0 | 0 | 1.26M | 425K | -131K | -614K | 1.67M | 788K | 2.42M | 26.05M | 18.05M | -1.57M | -5.33M | 1.4M | -4.2M | -13.96M | 21.48M | -5.09M | 8.01M | 5.34M | -397K | -12.45M | -10.88M | -14.57M | -16.5M | -17.9M | -41.6M |
| Cash from Financing | -163.01M | -159.29M | -125.23M | -111.56M | -19.49M | -60.86M | -42.72M | -66.68M | 361.53M | -156.98M | 19.65M | -72.6M | -26.2M | -16.8M | -15.9M | -3.58M | -58.38M | -5.25M | -28.5M | -101.72M | 39M | 960K | 15.21M | 423K | -10.2M | 20.41M | 4.71M | -26.7M | 60.4M | 18.3M | 22.9M |
| Debt Issued (Net) | -113.99M | -128.57M | -118.13M | -107.73M | 1.47M | -58.27M | -27.18M | -22.95M | 401.18M | -47.01M | 57.33M | -47.77M | -8.55M | -9.28M | -11.48M | -1.02M | -41.34M | 149K | -22.41M | -101.36M | -46.63M | -2M | 15M | 0 | -3.49M | 31.26M | 20.3M | -7.67M | 780K | 18.36M | 26.5M |
| Equity Issued (Net) | -30.18M | -18.18M | -4.77M | -1.51M | -17.57M | -193K | 93K | -25.09M | -14.19M | -91.58M | -18.5M | -12.95M | -7.67M | 1.88M | 1.5M | 2.67M | 3.1M | 499K | 1.48M | 4.57M | 86.41M | 2.96M | 4.44M | 241K | 1.34M | -1.95M | -6.35M | -9.57M | 68.09M | 6.41M | 2.9M |
| Dividends Paid | -3.64M | -3.56M | -2.34M | -2.32M | -2.35M | -2.36M | -5.57M | -15.36M | -15.47M | -15.49M | -14.29M | -11.88M | -9.3M | -7.28M | -5.92M | -5.23M | -2.72M | -634K | -7.56M | -4.92M | 0 | 0 | 0 | -2.3M | -2.3M | -7.63M | -9.24M | -9.45M | -8.5M | -6.44M | -6.6M |
| Share Repurchases | -30.18M | -18.18M | -4.77M | -1.51M | -17.17M | -193K | 0 | -25.15M | -14.48M | -91.58M | -18.5M | -13.31M | -7.67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.22M | -6.84M | -10.62M | -2.54M | 0 | 0 |
| Other Financing | -15.2M | -8.99M | 0 | 0 | -1.03M | -36K | -10.07M | -3.28M | -9.99M | -2.91M | -4.89M | -1K | -679K | -2.11M | 6K | 0 | -17.42M | -5.26M | -5K | 0 | -777K | 0 | -4.24M | 2.48M | -5.75M | -1.27M | 0 | 0 | 25K | -35K | 100K |
| Net Change in Cash | -36.53M | -27.9M | -11.27M | 12.93M | 312K | -5.8M | 21.75M | 312K | -6.05M | -78.64M | 90M | 20.8M | -17.9M | -17.6M | 39.9M | -18.6M | -46.13M | 43.61M | -10.62M | -26.78M | 58.91M | 29.15M | 19.27M | -17.5M | 33.35M | -7.07M | 5.31M | -7.36M | -300K | 1.4M | 0 |
| Free Cash Flow | 120.65M | 121.71M | 114.64M | 115.93M | 24.62M | 58.62M | 56.12M | 67.12M | 36.91M | 72.88M | 69.99M | 98.21M | 7.48M | -24.35M | 4.47M | -13.69M | 15.66M | 45.7M | 25.8M | 25.12M | -3.96M | 35.82M | -6.24M | -24.82M | 43.03M | -11.73M | 40.94M | 33.79M | -44.8M | 1.4M | 18.6M |
| FCF Margin % | 8.49% | 8.78% | 8.71% | 9.19% | 1.9% | 4.88% | 5.09% | 5% | 3.13% | 7.31% | 7.3% | 9.8% | 0.74% | -2.54% | 0.48% | -1.29% | 1.63% | 5.31% | 2.38% | 2.32% | -0.37% | 3.63% | -0.71% | -2.69% | 4.66% | -1.06% | 3.19% | 2.75% | -3.5% | 0.12% | 1.86% |
| FCF Growth % | 9.36% | 6.17% | -1.11% | 370.79% | -57.99% | 4.45% | -16.39% | 81.85% | -49.35% | 4.13% | -28.74% | 1213.35% | 130.71% | -644.52% | 132.68% | -187.37% | -65.72% | 77.12% | 2.72% | 733.92% | -111.06% | 673.9% | 74.85% | -157.68% | 466.74% | -128.66% | 21.16% | 175.42% | -3300% | -92.47% | -46.09% |
| FCF per Share | 2.04 | 2.06 | 1.95 | 1.99 | 0.42 | 0.99 | 0.96 | 1.14 | 0.62 | 1.17 | 1.07 | 1.49 | 0.11 | -0.37 | 0.07 | -0.21 | 0.24 | 0.72 | 0.42 | 0.41 | -0.07 | 0.68 | -0.12 | -0.49 | 0.86 | -0.23 | 0.80 | 0.65 | -0.85 | 0.01 | 0.22 |
| FCF Conversion (FCF/Net Income) | 0.95x | 1.45x | 1.71x | 3.19x | 2.20x | 1.57x | -1.66x | 1.79x | 1.83x | 1.94x | 1.81x | 1.73x | 1.87x | 1.40x | 7.89x | 0.63x | 5.72x | 4.99x | -1.35x | -6.08x | 3.01x | 19.31x | -0.17x | 0.26x | -0.65x | -0.50x | 4.12x | 3.02x | 2.41x | 1.99x | 2.08x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Commercial real estate cyclicality
As reported in financial statements, Interface's operating cash flow to net income ratio has fluctuated significantly, ranging from a low of 0.57 in 2026Q1 to a high of 2.68 in 2024Q3, indicating that reported earnings are frequently decoupled from actual cash generation due to working capital swings.
The wide variance in the OCF/NI ratio suggests that Interface's accounting earnings are highly sensitive to the timing of project-based revenue recognition and inventory management. Investors should monitor whether the recurring shortfall in cash conversion during certain quarters reflects genuine operational friction or merely the inherent lumpiness of large-scale commercial flooring contracts.
Based on Interface's reported figures, free cash flow margins have demonstrated extreme volatility, swinging from a low of 1.0% in 2026Q1 to a peak of 20.3% in 2024Q3, which highlights the company's susceptibility to project-based demand cycles and the resulting impact on cash flow generation.
The inconsistency in FCF margins appears to be a function of the company's project-based revenue model, where cash inflows are often delayed relative to the recognition of net income. This trajectory suggests that while the business remains profitable, its ability to generate free cash is not yet stabilized, warranting caution regarding short-term liquidity expectations.
According to recent SEC filings, Interface's working capital changes have been highly erratic, with a significant $26.1 million outflow in 2026Q1 contrasting sharply with a $32.5 million inflow in 2024Q3, illustrating the substantial impact of inventory and receivables management on the company's quarterly cash position.
The frequent shifts in working capital suggest that Interface is managing a complex supply chain where inventory build-ups are often required to meet the specific aesthetic and technical demands of large commercial projects. This dynamic implies that cash flow is likely to remain lumpy, as the company must balance the need for high service levels with the risk of holding obsolete finished goods.
As indicated by the company's financial data, Interface has consistently utilized cash for share repurchases, including $12.0 million in 2026Q1 and $13.0 million in 2025Q4, even during periods where free cash flow generation was relatively constrained, suggesting a management preference for returning capital to shareholders.
The commitment to share repurchases despite fluctuating FCF suggests a high degree of confidence in the company's long-term cash-generating capacity. However, investors should monitor whether this capital allocation strategy limits the company's ability to fund necessary maintenance CAPEX or pursue strategic acquisitions during periods of industry-wide downturns.
Quick answers to the most common questions about buying TILE stock.
Interface, Inc. (TILE) generated $167.9M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Interface, Inc. (TILE) generated $121.7M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Interface, Inc. (TILE) spent $46.2M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Interface, Inc. (TILE) returned $3.6M to shareholders via cash dividends and spent $18.2M on share repurchases. This shows the company's commitment to returning capital to its equity investors.