TBCHNasdaqCommunications Equipment, NECFiscal year ends December 31
Turtle Beach Corp
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$15.53+0.33 (+2.17%)
Close on Oct 19, 2026
- Market cap
- $297.90M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2010 to 2025
Gross margin
37.3%+0.1 pts over 5 years
Operating margin
8.6%−5.1 pts over 5 years
Net margin
4.9%−5.8 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 | -14.2% | +10.0% | -2.3% | +7.0% | |
| Gross profit | -7.5% | +34.4% | -2.3% | +11.4% | |
| Operating income | +37.4% | – | -11.0% | – | |
| Net income | -2.8% | – | -16.5% | – | |
| EPS, diluted | -1.3% | – | -20.1% | – | |
| Free cash flow | +3918.8% | – | -5.6% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -484.9% | 43.1% | 12.6% | |
| Return on assets | -65.2% | 23.1% | 5.5% | |
| Current ratio | 1.30 | 2.16 | 1.98 | |
| Debt to equity | -1.37 | – | 0.43 | |
| Net debt to EBITDA | -0.30× | – | 1.19× | |
| Interest coverage | -10.4× | 105.3× | 3.5× | |
| Inventory turnover | 5.5× | 3.9× | 2.9× | |
| Capex to revenue | 1.9% | 1.6% | 0.4% | |
| Diluted shares | 12M | 16M | 20M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Turtle Beach generated $110.44M from operations and spent $70.26M on capital expenditure, dividends and share buybacks. 25% of that went back into the business.
Generated
$110.44M
Used
$70.26M
Capital expenditure$17.66M25%Dividends$00%Share buybacks$52.60M75%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin4.9%
×Asset turnover1.13×
×Equity multiplier2.28×
=Return on equity, FY202512.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 4.9% | 1.13× | 2.28× | 12.6% |
| FY2024 | 4.3% | 1.66× | 2.18× | 15.7% |
| FY2023 | -6.8% | 1.65× | 1.80× | -20.3% |
| FY2022 | -24.8% | 1.22× | 1.71× | -51.7% |
| FY2021 | 4.8% | 1.69× | 1.68× | 13.7% |
| FY2020 | 10.8% | 2.15× | 1.86× | 43.1% |
| FY2019 | 7.6% | 1.85× | 2.51× | 35.6% |
| FY2018 | 13.6% | 2.66× | 14.09× | 511.0% |
| FY2017 | -2.2% | 1.58× | -4.41× | 15.2% |
| FY2016 | -50.1% | 1.30× | 7.43× | -484.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$15.73M
- Cash generatingOperating cash flow above zero$35.46M
- Return on assets improvedROA up on the prior year10.8% → 5.3%
- Earnings backed by cashOperating cash flow above net income$35.46M vs $15.73M
- Less leverageLong-term debt to assets fell15.3% → 17.2%
- Better liquidityCurrent ratio rose1.52 → 1.98
- No dilutionShare count did not rise21M → 20M
- Gross margin improvedGross margin up on the prior year34.60% → 37.29%
- More efficientAsset turnover rose2.49 → 1.07