Tile Shop (TTSH) AI Stock Analysis

• Market Cap: $285.73M
• Dividend Yield: N/A
• Average Volume (3M): 130.10K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.89
• Revenue Growth: -3.77%
• EPS Growth: -146.47%
• Country: US
• Employees: 1,291
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Home Improvement
• EPS (TTM): -0.04
• Shares Outstanding: 44,715,000
• 10 Day Avg. Volume: 127,388
• 30 Day Avg. Volume: 130,100
• PEG Ratio: -1.70
• Price to Book (P/B): 2.46
• Price to Sales (P/S): 0.87
• P/FCF Ratio: 24.10
• Enterprise Value/Market Cap: 1.32
• Enterprise Value/Revenue: 1.11
• Enterprise Value/Gross Profit: 1.76
• Enterprise Value/Ebitda: 27.66
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: $6.50 ▲(0.78% Upside)

Tile Shop's overall stock score reflects significant financial challenges, including declining revenue, negative profitability, and high leverage. While technical indicators show a neutral trend, the valuation is extremely poor due to substantial losses. The earnings call provided some positive insights into cost management and product expansion, but these were outweighed by broader market challenges.

Positive Factors

Product Assortment Expansion

Expanding product lines, such as the Arbour LVT, can attract new customers and increase market share, enhancing long-term revenue potential.

Operating Cash Flow Increase

Increased operating cash flow strengthens financial stability, providing resources for strategic investments and debt reduction.

Cost Reduction Measures

Effective cost management enhances profitability and can improve margins, supporting long-term financial health.

Negative Factors

Declining Revenue

Declining revenue indicates market challenges and could limit the company's ability to invest in growth opportunities.

High Leverage

High leverage increases financial risk and can constrain the company's ability to respond to market changes or invest in growth.

Gross Margin Decrease

Decreasing gross margins can pressure profitability, indicating challenges in maintaining pricing power or cost control.

Tile Shop Business Overview & Revenue Model

Company Description

Tile Shop Holdings, Inc. operates as a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. It offers natural stone products, such as marble, travertine, granite, quartz, sandstone, slate, and onyx tiles; and man-made products, including ceramic, porcelain, glass, cement, wood look, and metal tiles primarily under the Rush River and Fired Earth brands. The company also manufactures setting and maintenance materials, such as thinset, grout, and sealers under the Superior brand name; accessories, including installation tools, shower and bath shelves, drains, and related products; and offers customers delivery service through third-party freight providers. As of March 3, 2022, it operated 143 stores in 31 states and the District of Columbia, the United States. Tile Shop Holdings, Inc. was founded in 1985 and is headquartered in Plymouth, Minnesota.

How the Company Makes Money

The Tile Shop generates revenue primarily through the sale of tiles and related products in its retail locations and online. Key revenue streams include direct sales of tile products, installation materials, and design services. The company also earns income from partnerships with contractors and builders, offering them discounts and incentives to drive sales through their network. Seasonal promotions and marketing campaigns further enhance sales, while customer loyalty programs contribute to repeat business. Additionally, TTSH leverages its online platform to reach a broader customer base, facilitating e-commerce transactions that supplement in-store sales.

Tile Shop Financial Statement Overview

Summary

Tile Shop faces challenges with declining revenue and profitability pressures, as evidenced by negative net income and shrinking margins. The high leverage on the balance sheet poses financial risks, while cash flow constraints could limit growth opportunities. The company needs to focus on improving operational efficiency and managing debt levels to enhance financial stability.

Income Statement

Tile Shop's income statement shows declining revenue with a negative growth rate of -0.91% TTM, indicating a challenging market environment. The gross profit margin remains relatively strong at 65.29% TTM, but the net profit margin has turned negative, reflecting operational inefficiencies or increased costs. The EBIT and EBITDA margins have also decreased, suggesting pressure on profitability.

Balance Sheet

The balance sheet reveals a high debt-to-equity ratio of 1.14 TTM, indicating significant leverage, which could pose financial risks. The return on equity is negative, highlighting a lack of profitability. However, the equity ratio is stable, suggesting a balanced asset structure.

Cash Flow

Cash flow analysis shows a decline in free cash flow growth by -22.16% TTM, which may impact future investments. The operating cash flow to net income ratio is 0.21 TTM, indicating moderate cash generation relative to earnings. The free cash flow to net income ratio is positive, but low, suggesting limited cash available after capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	338.79M	347.07M	377.15M	394.70M	370.70M	325.06M
Gross Profit	214.47M	227.87M	243.06M	258.94M	253.13M	221.53M
EBITDA	13.66M	21.28M	37.39M	47.75M	47.99M	37.71M
Net Income	-1.68M	2.32M	10.07M	15.70M	14.77M	6.03M
Balance Sheet
Total Assets	315.44M	319.60M	316.67M	345.82M	340.76M	342.69M
Cash, Cash Equivalents and Short-Term Investments	24.14M	20.96M	8.62M	5.95M	9.36M	9.62M
Total Debt	135.86M	142.58M	139.96M	176.62M	143.45M	149.90M
Total Liabilities	192.88M	196.69M	196.99M	237.05M	218.53M	203.63M
Stockholders Equity	122.56M	122.91M	119.69M	108.77M	122.22M	139.06M
Cash Flow
Free Cash Flow	-849.00K	12.57M	46.75M	-11.31M	28.62M	63.63M
Operating Cash Flow	9.85M	27.11M	62.06M	2.71M	39.69M	65.60M
Investing Cash Flow	-10.46M	-14.34M	-15.26M	-14.03M	-11.07M	-1.97M
Financing Cash Flow	-306.00K	-503.00K	-45.93M	9.11M	-28.90M	-63.33M

Tile Shop Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.45
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TTSH, the sentiment is Positive. The current price of 6.45 is above the 20-day moving average (MA) of 6.34, above the 50-day MA of 6.28, and above the 200-day MA of 6.32, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 57.65 is Neutral, neither overbought nor oversold. The STOCH value of 74.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TTSH.

Tile Shop Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WEYS	68 Neutral	$286.55M	11.84	9.57%	10.23%	-3.64%	-16.12%
HD	66 Neutral	$355.73B	24.36	162.91%	2.67%	7.50%	-0.38%
LOW	63 Neutral	$136.41B	20.16	―	2.09%	0.64%	0.58%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
FND	61 Neutral	$6.94B	32.22	9.69%	―	6.04%	10.26%
PACK	53 Neutral	$445.50M	-12.04	-6.68%	―	9.54%	-81.46%
TTSH	50 Neutral	$285.73M	―	-1.37%	―	-3.77%	-146.47%

Tile Shop Corporate Events

Tile Shop Announces Plan to Delist from Nasdaq

On October 3, 2025, Tile Shop Holdings, Inc. announced a plan to delist its common stock from Nasdaq and terminate its public company reporting obligations through a reverse and forward stock split, pending stockholder approval in December 2025. This move aims to reduce costs associated with being a public company, offering liquidity to smaller stockholders at a premium price, and allowing management to focus more on core operations, ultimately enhancing long-term stockholder value.

The most recent analyst rating on (TTSH) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Tile Shop stock, see the TTSH Stock Forecast page.

Tile Shop Holdings Earnings Call: Strategic Moves Amid Challenges

Tile Shop Holdings recently held its earnings call, revealing a mixed sentiment amidst a challenging business environment. The company faces negative trends in store traffic and profitability, but has implemented strategic initiatives such as product expansion and cost-cutting measures to navigate these challenges. The sentiment remains balanced, reflecting both the positive impact of these strategies and the significant negative pressures faced.

Tile Shop Holdings Reports Q2 2025 Financial Results

Tile Shop Holdings, Inc., a specialty retailer in the United States, offers a wide range of natural stone, man-made, and luxury vinyl tiles, along with related accessories and services, through its extensive showroom network. In its second quarter of 2025, Tile Shop Holdings reported a 3.4% decrease in net sales compared to the previous year, with comparable store sales also declining by 3.5%. Despite these challenges, the company maintained a strong gross margin of 64.4% and reported a net income of $0.4 million. The company ended the quarter with no debt and $27.8 million in cash, reflecting a solid liquidity position. Key financial metrics for the quarter included an adjusted EBITDA of $4.9 million, down from $6.7 million in the previous year, and a gross profit decrease of 5.8% due to increased discounting and product costs. The company also closed a distribution center and one store to optimize operations and reduce costs. Looking ahead, Tile Shop Holdings remains focused on expanding its product assortment to attract a broader customer base, aiming to navigate the current market challenges effectively.