Tile Shop (TTSH)
OTHER OTC:TTSH
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Tile Shop
(OTC:TTSH)
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Rating:40Underperform
Price Target:
$3.00
▼(-25.00% Downside)
Action:DowngradedDate:02/27/26
The score is driven primarily by weak financial performance (sharp revenue decline, losses, and a collapse in reported cash generation) alongside elevated leverage. Technicals add pressure as the stock is in a downtrend with negative momentum, while valuation is constrained by negative earnings and no provided dividend support.
Positive Factors
High gross margin
A gross margin near 63.8% provides a durable profitability cushion: with high product-level margins the business can better absorb SG&A and promotional pressure while working to restore volumes. This structural margin supports cash generation recovery if sales stabilize.
Negative Factors
Sharp revenue decline
A 58% TTM revenue decline is a structural headwind: loss of scale weakens purchasing economics, reduces store-level absorption of fixed costs, and makes margin recovery harder. Restoring volumes is essential for durable profitability and cash generation over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margin
A gross margin near 63.8% provides a durable profitability cushion: with high product-level margins the business can better absorb SG&A and promotional pressure while working to restore volumes. This structural margin supports cash generation recovery if sales stabilize.
Read all positive factors
Tile Shop (TTSH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$118.67M
Dividend YieldN/A
Average Volume (3M)130.10K
Price to Earnings (P/E)―
Beta (1Y)0.74
Revenue Growth-3.77%
EPS Growth-146.47%
CountryUS
Employees1,291
SectorConsumer Cyclical
Sector Strength84
IndustryHome Improvement
Share Statistics
EPS (TTM)-0.08
Shares Outstanding39,821,740
10 Day Avg. Volume127,388
30 Day Avg. Volume130,100
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)1.76
Price to Sales (P/S)0.46
P/FCF Ratio-40.78
Enterprise Value/Market Cap2.38
Enterprise Value/Revenue0.84
Enterprise Value/Gross Profit1.32
Enterprise Value/Ebitda15.44
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Tile Shop Business Overview & Revenue Model
Company Description
Tile Shop Holdings, Inc. operates as a specialty retailer of man-made and natural stone tiles, setting and maintenance materials, and related accessories in the United States. The company offers natural stone products, including marble, travertine...
How the Company Makes Money
The Tile Shop makes money primarily by selling tile and tile-related products directly to customers (do-it-yourself consumers, professional installers, builders, and remodelers). Its core revenue stream is net sales generated through (1) in-store ...
Tile Shop Key Performance Indicators (KPIs)
Tile Shop Earnings Call Summary
Earnings Call Date:Aug 07, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:May 07, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted the company's efforts to expand its product range and manage costs effectively, contributing to a stronger cash position. However, these positives were overshadowed by decreased sales, lower gross margins, and the need for significant cost-cutting measures due to a challenging housing market.Positive Updates
Expansion of Product Assortment
The Tile Shop expanded its product offerings with the introduction of the exclusive Arbour line of LVT, as well as new laminate and engineered wood flooring options. Additionally, the signature line with over 250 wall tile and matching trim products was launched.
Negative Updates
Decrease in Comparable Store Sales
Comparable store sales decreased by 3.5% due to lower levels of store traffic.
Read all updates
Q2-2025 Updates
Positive
Negative
Expansion of Product Assortment
The Tile Shop expanded its product offerings with the introduction of the exclusive Arbour line of LVT, as well as new laminate and engineered wood flooring options. Additionally, the signature line with over 250 wall tile and matching trim products was launched.
Read all positive updates
Company Guidance
During the Q2 2025 earnings call for Tile Shop Holdings, Inc., the company provided guidance on several key metrics. Comparable store sales decreased by 3.5% due to lower store traffic, while unit volume sales showed modest improvement, driven by an expanded product assortment. However, the increase in discounting and lower average selling prices offset these gains, leading to a decreased gross margin rate of 64.4%, down 160 basis points from the previous year. The SG&A expenses were reduced by $2.1 million to $56.4 million, attributed to factors such as a decrease in asset impairment and marketing expenses, and the closure of the Spring Valley, Wisconsin distribution center. The company generated $13.5 million in operating cash flow in the first half of 2025, raising its cash balance to $27.8 million by the end of the quarter. The company remains focused on reducing expenses, limiting capital spending, and identifying efficiencies in response to a challenging housing market.Tile Shop Financial Statement Overview
Summary
Income Statement
36
Negative
Balance Sheet
44
Neutral
Cash Flow
18
Very Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 336.82M | 347.07M | 377.15M | 394.70M | 370.70M |
| Gross Profit | 215.02M | 227.87M | 243.06M | 258.94M | 253.13M |
| EBITDA | 10.16M | 21.28M | 37.39M | 47.75M | 47.99M |
| Net Income | -4.49M | 2.32M | 10.07M | 15.70M | 14.77M |
Balance Sheet | |||||
| Total Assets | 301.73M | 319.60M | 316.67M | 345.82M | 340.76M |
| Cash, Cash Equivalents and Short-Term Investments | 10.12M | 20.96M | 8.62M | 5.95M | 9.36M |
| Total Debt | 159.84M | 142.58M | 139.96M | 176.62M | 143.45M |
| Total Liabilities | 214.49M | 196.69M | 196.99M | 237.05M | 218.53M |
| Stockholders Equity | 87.24M | 122.91M | 119.69M | 108.77M | 122.22M |
Cash Flow | |||||
| Free Cash Flow | -3.77M | 12.57M | 46.75M | -11.31M | 28.62M |
| Operating Cash Flow | 5.79M | 27.11M | 62.06M | 2.71M | 39.69M |
| Investing Cash Flow | -9.37M | -14.34M | -15.26M | -14.03M | -11.07M |
| Financing Cash Flow | -7.26M | -503.00K | -45.93M | 9.11M | -28.90M |
Tile Shop Technical Analysis
Negative
4.00
Price Trends
3.27
Negative
4.10
Negative
5.23
Negative
Market Momentum
-0.07
Negative
39.18
Neutral
16.90
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TTSH, the sentiment is Negative. The current price of 4 is above the 20-day moving average (MA) of 3.07, above the 50-day MA of 3.27, and below the 200-day MA of 5.23, indicating a bearish trend. The MACD of -0.07 indicates Negative momentum. The RSI at 39.18 is Neutral, neither overbought nor oversold. The STOCH value of 16.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TTSH.
Tile Shop Risk Analysis
Tile Shop disclosed 32 risk factors in its most recent earnings report. Tile Shop reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Tile Shop Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $330.08M | 12.56 | 9.35% | 9.66% | -3.64% | -16.12% | |
65 Neutral | $335.99B | 26.52 | 130.02% | 2.67% | 7.50% | -0.38% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | $136.78B | 22.44 | -59.21% | 1.94% | 0.64% | 0.58% | |
56 Neutral | $5.59B | 43.30 | 8.99% | ― | 6.04% | 10.26% | |
46 Neutral | $321.09M | -12.01 | -7.11% | ― | 9.54% | -81.46% | |
40 Underperform | $118.67M | -34.23 | -3.93% | ― | -3.77% | -146.47% |
* Consumer Cyclical Sector Average
TTSH
Tile Shop
2.98
-2.60
-46.59%
HD
Home Depot
337.34
-11.05
-3.17%
LOW
Lowe's
244.22
24.51
11.15%
WEYS
Weyco Group
34.63
7.66
28.40%
FND
Floor & Decor Holdings
51.68
-21.36
-29.24%
PACK
Ranpak Holdings
3.79
-0.02
-0.52%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.