TRSGNasdaqConstruction, Mining & Materials Handling Machinery & EquipFiscal year ends December 31
Tungray Technologies Inc
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 23, 2026
$1.18+0.01 (+1.09%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2020 to 2025
Gross margin
45.9%
Operating margin
-1.5%
Net margin
-1.1%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +22.0% | -1.5% | – | – | |
| Gross profit | +28.1% | -8.2% | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -1.0% | |
| Return on assets | – | – | -0.6% | |
| Current ratio | – | – | 1.94 | |
| Interest coverage | – | – | -3.6× | |
| Inventory turnover | – | – | 3.0× | |
| Capex to revenue | – | – | 5.1% | |
| Diluted shares | – | – | – |
Where the cash went
Fiscal 2021 to 2025, five years combined
Tungray Technologies generated $13.93M from operations and spent $5.09M on capital expenditure, dividends and share buybacks. 32% of that went back into the business.
Generated
$13.93M
Used
$5.09M
Capital expenditure$1.65M32%Dividends$3.45M68%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-1.1%
×Asset turnover0.53×
×Equity multiplier1.68×
=Return on equity, FY2025-1.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -1.1% | 0.53× | 1.68× | -1.0% |
| FY2024 | -4.5% | 0.45× | 1.73× | -3.5% |
| FY2023 | 5.3% | 0.54× | 1.74× | 5.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$170.28K
- Cash generatingOperating cash flow above zero-$3.05M
- Return on assets improvedROA up on the prior year-2.1% → -0.6%
- Earnings backed by cashOperating cash flow above net income-$3.05M vs -$170.28K
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.86 → 1.94
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year43.70% → 45.91%
- More efficientAsset turnover rose0.47 → 0.52