TATTNasdaqAircraft Engines & Engine PartsFiscal year ends December 31
TAT TECHNOLOGIES LTD
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 20-F on Mar 18, 2026
$33.55+0.71 (+2.16%)
Close on Oct 19, 2026
- Market cap
- $440.57M
- P/E (TTM)
- 21.1
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
24.8%+13.6 pts over 5 years
Operating margin
10.6%+15.9 pts over 5 years
Net margin
9.4%+16.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +17.0% | +28.2% | +18.8% | +7.6% | |
| Gross profit | +33.6% | +40.4% | +39.2% | +12.4% | |
| Operating income | +50.5% | – | – | +12.9% | |
| Net income | +50.6% | – | – | +11.1% | |
| EPS, diluted | +37.0% | – | – | +7.6% | |
| Free cash flow | – | – | +14.4% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | -6.4% | 11.7% | |
| Return on assets | – | -4.6% | 8.6% | |
| Current ratio | 4.66 | 3.15 | 4.89 | |
| Debt to equity | – | 0.06 | 0.07 | |
| Net debt to EBITDA | – | -1008.53× | -1.65× | |
| Interest coverage | – | – | 18.6× | |
| Inventory turnover | 2.0× | 1.6× | 1.9× | |
| Capex to revenue | 6.0% | 5.2% | 6.2% | |
| Diluted shares | 9M | 9M | 12M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Tat Technologies generated $30.18M from operations and spent $53.64M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$30.18M
Used
$53.64M
Capital expenditure$53.64M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.4%
×Asset turnover0.91×
×Equity multiplier1.35×
=Return on equity, FY202511.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 9.4% | 0.91× | 1.35× | 11.7% |
| FY2024 | 7.3% | 0.98× | 1.52× | 11.0% |
| FY2023 | 4.1% | 0.84× | 1.64× | 5.6% |
| FY2022 | -1.8% | 0.71× | 1.56× | -2.1% |
| FY2021 | -4.6% | 0.69× | 1.44× | -4.5% |
| FY2020 | -7.1% | 0.65× | 1.39× | -6.4% |
| FY2019 | 0.8% | 0.89× | 1.28× | 1.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$16.82M
- Cash generatingOperating cash flow above zero$14.97M
- Return on assets improvedROA up on the prior year7.7% → 10.3%
- Earnings backed by cashOperating cash flow above net income$14.97M vs $16.82M
- Less leverageLong-term debt to assets fell6.7% → 4.2%
- Better liquidityCurrent ratio rose2.97 → 4.89
- No dilutionShare count did not rise11M → 12M
- Gross margin improvedGross margin up on the prior year21.70% → 24.77%
- More efficientAsset turnover rose1.04 → 1.09