12 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 12.0% per year over the past 5 years.
Operating margin has expanded, at 8.9% in the latest year.
Free cash flow has grown 122.9% per year over the past 5 years.
Financial health
The company holds more cash ($83M) than total debt ($0).
Operating income covered interest expense 28× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$330M
$19M
75.9%
8.9%
$40M
$0
$83M
2024
$293M
$17M
74.0%
7.6%
$38M
—
$94M
2023
$274M
$29M
71.1%
6.6%
$34M
—
$61M
2022
$247M
-$18M
71.3%
-5.2%
$3M
—
$22M
2021
$208M
-$12M
71.2%
-0.8%
$528000
—
$28M
2020
$187M
-$620000
71.0%
-1.9%
$735000
—
$48M
2019
$189M
$11M
70.8%
5.5%
-$3M
—
$23M
2018
$144M
$7M
71.1%
2.1%
$5M
—
$23M
2017
$109M
$6M
73.4%
3.6%
$446000
—
$24M
2016
$85M
$3M
72.9%
5.1%
$6M
—
$31M
2015
—
$1M
—
—
$2M
—
$7M
2014
—
$2M
—
—
—
—
$5M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$75M
-$2M
76.5%
-2.0%
-$1M
$0
$75M
Dec '25
$104M
$11M
78.2%
18.1%
$17M
$0
$83M
Sep '25
$86M
$8M
75.8%
12.8%
$9M
$0
$66M
Jun '25
$79M
$3M
74.5%
5.2%
$14M
—
$82M
Mar '25
$61M
-$3M
74.0%
-7.4%
$38000
—
$84M
Dec '24
$86M
$10M
75.2%
14.6%
$16M
—
$94M
Sep '24
$73M
$5M
75.0%
9.3%
$9M
$27M
$82M
Jun '24
$73M
$4M
73.9%
8.0%
$13M
$28M
$74M
Mar '24
$61M
-$2M
71.1%
-4.9%
$442000
$29M
$61M
Dec '23
$78M
$8M
72.1%
15.2%
$17M
—
$61M
Sep '23
$70M
$22M
70.9%
11.5%
$4M
—
$66M
Jun '23
$68M
-$100000
70.7%
3.0%
$13M
$47M
$63M
Mar '23
$59M
-$2M
70.5%
-6.5%
-$743000
$48M
$55M
Dec '22
$74M
$5M
70.5%
10.6%
$4M
—
$22M
Sep '22
$65M
-$2M
71.7%
-2.5%
$854000
—
$23M
Jun '22
$60M
-$5M
72.5%
-6.9%
$2M
—
$23M
Mar '22
$48M
—
70.6%
-31.1%
-$3M
—
$21M
Dec '21
$62M
-$7M
72.6%
6.1%
$5M
—
$28M
Sep '21
$52M
-$3M
70.4%
-2.6%
-$2M
—
$22M
Jun '21
$51M
$1M
70.9%
-0.1%
-$1M
—
$49M
Valuation over time
How the market has priced TCMD against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 12.0× (Jan '24) to 33.1× (Jun '26).
The price-to-sales ratio has risen from 1.5× (Mar '23) to 1.9× (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is TCMD growing its revenue and profit?
Over the past 5 years, TACTILE SYSTEMS TECHNOLOGY INC's revenue has grown 12.0% per year. These are computed facts, not advice.
How much debt does TCMD have?
As of FY2025, TACTILE SYSTEMS TECHNOLOGY INC reported $0 of total debt against $83M of cash; operating income covered interest expense 28×.
What is TCMD's profit margin?
In FY2025, gross margin was 75.9%, operating margin 8.9%, and net margin 5.8%.
What is TCMD's P/E ratio?
As of Jun '26, TACTILE SYSTEMS TECHNOLOGY INC traded at a price-to-earnings ratio of about 33.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.